Corporate Sustainability Management Management Preventative

Question: Describe about the Corporate Sustainability Management for Management Preventative. Answer: Week One Issue Management Issue management is a preventative, strategic management practice in organizations that helps them to identify and counter aptly to rising trends and transformations. Organizations take these steps keeping in mind that these trends and modifications can any time in future take shape of an issue and pose threats to or cause discomfort for public and stakeholders (Cmd.act.gov.au 2016). Linkage to real life: In 1994, Texacos six employees filed a lawsuit against company for racial discrimination. The company quickly issues a public apology and suspended the perpretators. They even visited all branches and personally apologized to all employees. Crisis Management Crisis management is the process of managing and handling sudden and unexpected events that arises and disturbs employees in an organization, as well as external stakeholders. It prepares individuals and the organization to face unforeseen developments and difficult situations at the workplace with confidence and determination. It also assists in adjusting properly to the sudden alterations in the organization (Alas and Gao 2012). Linkage to real life: Richard Bransons famous crisis management on the event of Virgin Galactics test flight crash is a superior example. He rushed to the crash site, showed his compassion, determination on finding the underlying cause of the incident and continued committing fully to commercial air travelling. Week Two Business Ethics The moral principles, that direct businesses and individuals in those businesses on how to behave, come under the purview of business ethics. Business ethics means having the knowledge to differentiate between what is right and what is wrong and then taking the right action. At present, most businesses have their own business principles and policies to set the core values and practices for the employees to follow (Weiss 2014). Linkage to real life: All our supervisors at office conduct regular meetings with team members to make them aware about any misconduct they have shown and how to resolve that. In this way, everyone is aware of how to behave at the office, what is wrong and what to avoid. Models of Management Ethics Management ethics are of three types: Immoral management a practice devoid of ethical values and active opposition to ethical norms Moral management a practice confirming to high standards of ethical conduct Amoral management intentional conduct that does not take into consideration ethical factors and unintentional conduct that is lackadaisical about ethical conducts at the workplace. Linkage to real life: At my workplace, most of the managers and other senior level management practice moral management practices. They make sure their conduct towards their subordinates or equals are ethical and abiding the principles of the organization. Week Three Transnational Economy Transnational Economy is the expression used for describing the new stretched out marketplace. These markets go beyond national boundaries, comprises of individuals and businesses of different nationalities, and labor movement and capital flow happens internationally. Modern businesses are interested and strive to expand into developed markets and be a leader there (Nollert 2015). Linkage to real life: American conglomerate General Electric is one of the biggest example of a transnational corporation. It holds the most assets overseas than any other firm in the world almost 70% of its total. More than half of their labor force works outside America. Corruption In an organization, when the people who are in positions of power like managers, behave in a dishonest way, the conduct is deemed as corruption. It includes giving or accepting inducements or inapt gifts, under-the-table deals, money laundering and deceiving investors. Different industries experience different forms of corruption (Nyberg and Wright 2013). Linkage to real life: Reports were released about the corruption prevalent in the Department of Immigration in the context of several visa cases being ignored, and many were already granted visa without proper investigation. Investigations revealed submission of false qualifications or counterfeit degrees from famous universities. Week Four Lobbying Lobbying is the act of trying to manipulate business managers and government leaders into proposing, passing, creating or changing legislations and carrying out activities that would assist a particular organization, group, industry or an individuals interests. The Australian Government has a Lobbying Code of Conduct to ensure transparency, integrity and honesty (Lobbyists.pmc.gov.au 2016). Linkage to real life: In 2010, after Prime Minister Kevin Rudd announced that a resource tax would be implemented, a huge lobbying campaign started to stop the law from becoming law. Lobbyists were hired to construct the campaigns. Anti-tax horror stories were streamed to columnists and radio stations. They did everything possible to stop passage of the law. Coalition Building Coalition building is the process or act of constructing a provisional alliance or collaborating between groups (individuals, companies, nations) for achieving a common objective or for engaging in a joint activity. The formation of these groups of similar principles, interests and aims permits members to merge their assets and turn into an entity more powerful than what they were alone. Linkage to real life: In my company, I have regularly seen instances of coalition building for any project or any occasion or event. Every year all the employees take part in an inter-department competition, during Christmas, of decorating our workspace in the best way possible. All the members jointly contribute with their individual ideas and help in decorations. Week Five Biodiversity Biodiversity is referred to the variety of all living organisms including different plants, animals or microorganisms. It also comprises of the genetic information these living bodies hold and the bionetwork they form. It is generally considered in three different ways genetic diversity, species diversity and bionetwork diversity. These three levels collaborate for crating the intricacy of life on Earth (Australianmuseum.net.au 2016). Linkage to real life: As a human being and a living body, I am a part of the bionetwork. Every aspect in my surrounding compromises of species of different kind. When I move into a different ecosystem the species assortment changes, giving the idea that our ecosystem is actually vastly diverse. Week Six Corporate Philanthropy Corporate philanthropy is the action taken by a corporation or a business for supporting the welfare of other individuals or institutions, usually with the aid of channels like funds or charitable donations, sometimes even with time and talent. The donations are either handled directly by the corporation or by any separate foundation established by the firm itself (Morris 2013). Linkage to real life: Apple Inc is an excellent example of corporate philanthropy. Their CEO Tim Cook introduced a matching gift program. Every year they match gifts up to $10,000 contributed by full-time employees. They also offer a volunteer grant program in which they provide grants to on profit organizations for employees to regularly volunteer. References Alas, R. and Gao, J., 2012. Introduction to Crisis Management. InCrisis Management in Chinese Organizations(pp. 1-8). Palgrave Macmillan UK. Australianmuseum.net.au. 2016. What is biodiversity? - Australian Museum. [online] Available at: https://australianmuseum.net.au/what-is-biodiversity [Accessed 1 Dec. 2016]. Cmd.act.gov.au. 2016. Managing Issues in the Workplace - ACTPS Employment Portal. [online] Available at: https://www.cmd.act.gov.au/employment-framework/managers-And-supervisors/managers-toolkit/issues-managment-in-the-workplace [Accessed 1 Dec. 2016]. Lobbyists.pmc.gov.au. 2016. Australian Government Lobbyists Register. [online] Available at: https://lobbyists.pmc.gov.au/ [Accessed 1 Dec. 2016]. Morris, S.A., Bartkus, B.R., Glassman, M. and Rhiel, G.S., 2013. Philanthropy and corporate reputation: An empirical investigation.Corporate Reputation Review,16(4), pp.285-299. Nollert, M., 2015. Transnational corporate ties: a synopsis of theories and empirical findings.Journal of World-Systems Research,11(2), pp.289-314. Nyberg, D. and Wright, C., 2013. Corporate corruption of the environment: sustainability as a process of compromise.The British journal of sociology,64(3), pp.405-424. Weiss, J.W., 2014.Business ethics: A stakeholder and issues management approach. Berrett-Koehler Publishers.