Business Ethics Essay Example | Topics and Well Written Essays - 3250 words

Business Ethics - Essay Example The organization is headquartered at Canary Wharf, London, United Kingdom. HSBC Holdings Plc was founded by Sir Thomas Sutherland in the year 1865. Officially HSBC Holdings Plc was established during the year 1991. Forbes magazine has announced HSBC as 6th largest publicly traded organization. Intraday market capitalization of the company is $122.65 billion (Yahoo Finance, 2012). Product & Service Mix HSBC focuses on delivering various services like investment banking services, retail banking services, global private banking and wealth management. The company has emerged as one of the leading banking service provider internationally. Company products comprises of long term and short term loans, current and savings account, insurance schemes, credit cards, fixed deposits and advisory services. Brief SWOT Analysis Strength Weakness The bank has established global scale operation and prolonged international network. The company has created strong cash reserve ratio which helps them to d iversify business operation HSBC has reduced volatility of cash flow by using diversified revenue mix. Strong financial muscles of HSBC have helped them to create sustainable corporate strategy. The bank has experienced not only asset quality deterioration but profit margin shrinkage also. Market capitalization of HSBC has declined due to poor performance of SBUs. HSBC has low control over unlawful activities like money laundering in the currency trading process Opportunities Threat HSBC has the opportunity to increase enterprise value by controlling existing portfolio. HSBC can expand business in emerging market such as Asia and Latin America. They can increase market share by focusing on low interest mortgage business. Entering emerging market will not be easy for HSBC due to strict regulatory framework of countries like India (Reserve bank of India) and China. Retail deposit might increase funding cost for HSBC in near future (Source: HSBC, 2011) Business Ethics Business ethics h as evolved as a significant management concern for organizations in present time. Many organizations in USA have understood the importance of business ethics and have therefore designed ethical assistance lines for employees to report business and ethical concern to top level management. Following diagram can be used to understand importance of ethical assistance lines for organizations. (Source: Ferrell, Fraedrich, and Ferrell, 2012, p.222) Academic scholars have dissected business ethics into two parts like Descriptive Business Ethics (morality of a business is justified by ethical rules for fair trade policy in this model) and Normative Business Ethics (this is a supportive model which specifies after work required decreasing or discouraging unfair trade practices). Business ethics covers variety of issues like political situation, legal framework of the system, economic responsibility and moral values of business organization (Brenkert, 2004, p. 188). Research scholars have poin ted out that business ethics can work in multidimensional manner in order to fulfil various organizational issues. Hooker has underpinned following guidelines for business ethics. Organizations need to establish a transparent and fair incentive and remuneration structure for top level executives. Organizations need to follow government rule in order to discourage stakeholders from doing illegal activities Leading companies should encourage healthy competition by allowing small firms to enter in business environment.

The Startups. Ability to be organized, communication and self Assignment

The Startups. Ability to be organized, communication and self awareness - Assignment Example One of the commonest animate expectations of organizations and business is what has been referred to in management as organizational traits and characteristics. These organizational traits and characteristics have been found to be very important in the organization, growth and development of businesses. Indeed, as much as it is important for organizations to possess organizational traits and characteristics during all aspects of the growth cycle, one stage of growth that this these organizational traits and characteristics affect organizations most is at the early and startup stages (Goedhuys & Sleuwaegen, 2009). Generally, the organization’s traits and characteristics can make or unmake its subsequent growth fortunes. In this paper, four important organizational traits and characteristics that can help the new business in Brazil growth and succeed in the competitive market are discussed. Ability to be organized The startup company assumes the description and name of an Ã¢â‚¬Ë œorganization’ perhaps because it is expected to be well organized. By organization, reference is being made to the ability of all structures within the organization to be well laid and accurately assigned. The structures of the organization would best be described as the various responsibilities that are expected to be delivered within the organization and the people who are expected to deliver them (Batjargal, 2006). For startup companies, managers and entrepreneurs should have the ability of knowing all the roles that are expected to be played within the organization and the people who can best play these roles if assigned to. Another component and aspect of ability to organize has also been identified to be the organization of organizational needs. Generally, it is when the needs of the organization are well organized that the best structural organizations needed to bring about the achievement of the needs will be identified (Capelleras et al, 2010). As to how this trait and characteristic of ability to be organized is more likely to bring about success, it will be said that without a good organizational skill, it is likely no one would be comfortable doing business with the new company. This is because in order for investors and other stakeholders to trust their affairs with an organization, they must have a level of guarantee that the organization itself is well organized. As the maxim goes, a blind man cannot lead a blind man. Effective communication with people around Communication is an important aspect of startup companies. It has been said that entrepreneurs and investors who start up businesses newly must be in the position to effectively communicate with those around (Benzing, Chu & Callanan, 2005). Generally, the ability to effectively communicate the visions, needs, dreams, and ideas of the new business to people around represents the degree to which the visions, needs, dreams, and ideas will be supported by those around. Meanwhile, no si ngle person is able to singlehandedly man any serious organization into growth and supported. It is therefore important that entrepreneurs will have the capacity of rightly communicating to others to gain support. It must be noted that support for an organization’s growth and development comes in many different forms including financial, logistics, and human resource. Even in cases where the head of the business is not able to rightly let his human resource base know what is expected of them in the growth and development of the company, the human resource will not be empowered much enough to do the