This website uses cookies to ensure you have the best experience. Learn more

Hrm In Multinational Banks In Tanzania

1436 words - 6 pages

The American Red Cross (ARC)

1

The American Red Cross (ARC) Charlene Craig Strayer University HRM 522 Dr. Jack Huddleston October 25, 2013

The American Red Cross (ARC)

2

This assignment will cover the ARC and the impact that the events of 9-11 and Hurricanes Katrina and Rita had on ARC’s benefits of business ethics; the role that ARC’s stakeholders played in these scenarios; ways in which ARC’s corporate governance failed to provide formalized responsibility to their stakeholders; and steps that ARC could follow to improve their stakeholder perspective. Organizations have a responsibility to behave ethically and meet the economic, legal, ethical and philanthropic duties that ...view middle of the document...

These ethical issues occurred even though ARC had policies in place to address many of the issues. (Ferrell, 2012)

The American Red Cross (ARC)

3

The impact of the events of 9-11, Hurricanes Katrina and Rita on ARC’s “benefits of business ethics” (employee commitment, investor loyalty, customer satisfaction, and bottom line) has been troublesome. Misconduct by those in leadership roles, along with ineffective and constantly changing leadership has caused many of problems that ARC experienced to not be legitimately addressed nor strategically dealt with by leaders who could actually remain in a leadership position, mandate and implement changes when needed and enforce present policies that were being ignored. For example, ARC had policies to address executive talent searches and compensation packages, attendance of board members at board meetings, code of ethics conduct (which required signatures from all employees and volunteers), anonymous avenue for the reporting unethical behavior, and policies regarding (or mismanagement of in ARC’s case) business funds, property, recording keeping, etc. (Ferrell, 2012) ARC employee commitment diminished because of mishandling of funds by higher up, job losses, and employees were not able to gain expertise in their job functions due to rotating schedules for support positions. Investor loyalty was damaged due to again, mishandling of not only funds but ARC’s slow response times and alleged cases of discriminatory practices, tarnish strategic alliances with investors and suppliers. Customers were affected by all of the above ethical issues that affected employees, investors, suppliers because the customers are the reason for ARC’s existence, but go wanting and in need because of the dysfunctional state of ARC and its ethical issues. ARC’s bottom line has suffered as well, as the text states; they were “running a $200 million deficit and eliminated 1,000 jobs in 2008”. Organizations that cannot get a handle on unethical issues and behavior suffer, that includes shareholders and stakeholders. (Ferrell, 2012)

The American Red Cross (ARC)

4

According to Hitt, stakeholders are defined as “individuals and groups who can affect the firm’s vision and mission, are affected by the strategic outcomes achieved, and have enforceable claims on the firm’s performance”. ARC’s stakeholders included: customers, employees, volunteers, community, suppliers, government regulatory agencies, special interest groups, trade associations, media, and competitors. The role that ARC’s stakeholder orientation played in this scenario is to make an impact and generate action. The stakeholder orientation should prompt ARC to identify the stakeholders who are most relevant to their organization and evaluate their impact on the issues of identified stakeholders, communicate those concerns execute a favorable response. Since organizations’ perspectives of stakeholder orientation depends on its understanding and action of...

Other assignments on Hrm In Multinational Banks In Tanzania

Gust Model Essay

311 words - 2 pages more flexible * Emphasizes people as an asset to be positively utilized by the organization. Guest (1987) sees HRM as a distinct approach to managing the workforce and argues that, although personnel management will also select and train staff, it is the distinct approach in the selection and training that matters. HRM’s approach should be linked to high performance and commitment rather than compliance. Guest (1997) recognizes that

Security Essay

9492 words - 38 pages Chapter 1 An Introduction to Strategic Human Resource Management Pawan Budhwar and Samuel Aryee The objectives of this chapter are to: • Summarise the developments in the field of human resource management (HRM) • Examine what strategy is • Highlight the growth and nature of strategic human resource management (SHRM) • Examine the linkages between organisational strategy and HRM strategy • Match HRM to

International Human Resource Management (Importance Ad Significance)

3338 words - 14 pages . International HRM is when HRM is practiced by multinational organizations. It focuses on the management of people in multi-country. There are multiple similarities between the international and domestic human resource practices. The similarities are areas like planning and staffing, recruitment and selection, reward, along with appraisal and development HRM can work with each other and it would be hard to tell the difference between the two (Dowling, 2008

Research

674 words - 3 pages Chapter 1 An Introduction to Strategic Human Resource Management Pawan Budhwar and Samuel Aryee The objectives of this chapter are to: • Summarise the developments in the field of human resource management (HRM) • Examine what strategy is • Highlight the growth and nature of strategic human resource management (SHRM) • Examine the linkages between organisational strategy and HRM strategy • Match HRM to

Convergence And Divergence Debate Over Ihrm Practices

1132 words - 5 pages . Extending beyond the debate over convergence and divergence approaches, they are also related to standarisation and localisation of HR practices. The standardisation-localisation choice that confronts the multinational business in an area of operation such as marketing, applies to the management of the global workforce as well. This is due to the fact that HRM carries out a strategic support function within the firm. Firstly, the idea of global

Marketing

4423 words - 18 pages , Mauritania, Mauritius, Mozambique, Niger, Nigeria, Sierra Leone, Somalia, Tanzania, Uganda Central and South America: Belize, Costa Rica, Suriname 6.0 Objectives of the Case Study: This study has been carried out with the following objectives in mind- ❖ To find out the HRM problems and issues associated with Square Pharmaceuticals Company. ❖ To understand reasons behind those HRM problems and issues. ❖ To take effective HRM

East Africa Community Integration Process

651 words - 3 pages EAST AFRICAN COMMUNITY The East African Community (EAC) is a regional intergovernmental organization of 5 Partner States: the Republics of Burundi, Kenya, Rwanda, the United Republic of Tanzania, and the Republic of Uganda, with its headquarters in Arusha, Tanzania. The EAC is home to 145.5 million citizens, of which 22% is urban population. With a land area of 1.82 million square kilometers and a combined Gross Domestic Product of US$ 147.5

Human Resources

996 words - 4 pages The term human resource management was being used by Peter Drucker and others in North America as early as the 1950s. The people management policies and practices which are usually termed ‘HRM’ originated in manufacturing industry in the USA during the late 1970s and early 1980s. These represented a significant break with the personnel management paradigm. A number of factors led to this new management thinking, principally loss of faith in the

Managing Human Resources Globally

2814 words - 12 pages multinational working experience, it would help the company to better understand the cultural difference and fit into the foreign markets more easily. Furthermore, the next good example to illustrate the international HRM strategy is Procter &Gamble. As a giant global organization, Procter &Gamble has more than 138,000 employees working in more than 90 countries. According to the textbook (p.461), there is about four billion consumers use its

Communication In The Workplace

1179 words - 5 pages MGMT 308 CHAPTER 1 The Role of Human Resources What Is HRM? Human resource management is the process of employing people, training them, compensating them, developing policies relating to the workplace, and developing strategies to retain employees. The Role of HRM There are seven main responsibilities of HRM managers: staffing, setting policies, compensation and benefits, retention, training, employment laws, and worker protection. In

Is Human Ressources A Fashion Or Is It Here To Stay

871 words - 4 pages International Human Resources 1- Is HRM a fashion or is it here to stay? What is the probability that HRM will be the dominant framework for people management in the 21st century? HRM has evolved from a number of different strands of thought and is best described as a loose philosophy of people management rather than a focused methodology. It derives largely from the 20th century but incorporates older notions about the management of

Similar Documents

Ethical Issues In Hrm In Organizations

4413 words - 18 pages ETHICS IN HUMAN RESOURCE MANAGEMENT QUESTION Identify any ethical issues most likely to take place in the function of HRM in an organization   Introduction The term ‘organizational justice’ refers to the extent to which employees perceive workplace procedures, interactions and outcomes to be fair in nature. These perceptions can influence attitudes and behavior for good or ill, in turn having a positive or negative

Problems Of Hrm Students In Finding A Hotel Establishment

336 words - 2 pages Problems of Hrm Students in Finding a Hotel Establishment Problems met by Our Lady of Fatima University BS-HRM students in finding a hotel establishment for Practicum 2 SY 2012-2013 A Thesis Proposal Presented to the Faculty of the College of Hospitality and Institutional Management Our Lady of Fatima University In Partial Fulfillment of the Requirements for the Degree of Bachelor of Science In Hotel and Restaurant Management

Research Essay

3415 words - 14 pages were streamlined in 2001. World over in depth studies have been under taken in recent years to find out direct impact of Human Resource Management practices on Organizational performance. Researchers have shown that there is positive impact of HRM practices on organizational performance. The HR department has become important part in multinational industry. In developing countries like Pakistan is no concept of HR practices. Likewise in Gujranwala

The Impact Of Hrm On Organisational Performance

3635 words - 15 pages Essay Title: ‘Assess the state of the evidence in favour of HRM’s impact on organisational performance. Do the supporters of HRM’s strategic contribution have enough of a case?’ Word Count: 3,105 Abstract The evidence in favor of HRM’s impact on organizational performance is growing, however some doubt has cast on these studies. Thus, this essay suggests that the evidence of HRM-performance linkage is weak because theoretical and