Monday, May 25, 2020
Leadership Training And Employee Onboarding - 1282 Words
Management invests a great deal in human resources, leadership training and employee onboarding. This philosophy will continue as long as the Bank is in business. A new engagement with a third party sales and culture training company has already been executed for the 2016 calendar year. The Bank has created a detailed cybersecurity strategic plan to combat cybersecurity. The plan includes implementation of additional hardware and software security layers to complement systems already in place. The plan will be completed over the next three years. FirstBank is a member of the Texas Department of Banking and the Federal Deposit Insurance Corporation. The Bank has increased its compliance staff in order to maintain good standing with regulatory changes and the regulators. Required employee training is provided on an ongoing basis when regulation changes or on an as needed basis. Managers are subscribed to industry news feeds and participate in training seminars where available. Five-Year Financial Plan The attachment following this report includes historical financial data on FirstBank from the FFIEC UBPR. The report includes historical data from 12/31/2011 to 9/30/2015 and a future five year forecast. Asset growth should remain consistent at a projected 10% growth year over year for the next five years. The Bank may experience anomalies in growth in the event an acquisition event happens. The Bank is on an aggressive growth plan with the goal to achieve 1.5Show MoreRelatedAn Organization As A New Employee1618 Words à |à 7 PagesThe initial onboarding process to any new business or job is a very important first impression of what to expect from an organization as a new employee. The onboarding process is one effective way an organization can ensure success from a new hire by assisting those employees with adapting to their new organizational culture and co-workers. The onboarding process will also give new employees a better understanding of policie s, procedures, safety information, access to resources, and whatââ¬â¢s expectedRead MoreCorporate Culture Into Talent Management1656 Words à |à 7 PagesThese include: Aligning recruiting efforts with strategy; making sure the companyââ¬â¢s talent management practices fit with each other; making deliberate effort to embed corporate culture into talent management processes such as hiring methods and leadership development; getting involvement by managers at all levels, including the CEO; Figuring out the best balance of the companyââ¬â¢s global and local needs; and Finding ways to differentiate the company from its competitors (Brokaw, 2012). According toRead MoreVisual Elements Of A Training Workout Sessions Such As Ppe Employees May Be Using During Their Job810 Words à |à 4 PagesIncorporate visual elements into ââ¬Ëliveâ⬠training sessions such as PPE employees may be using during their job. 4) Provide opportunities for a guided tour of the employeeââ¬â¢s department and an opportunity to meet with their supervisor early on. Changes to Content Apart from the automation and voice-over of the training content that is currently used in the Alchemy SISTEM for New Hire orientation, little has been done to revise and refresh the material. Training modules and module tests should be evaluatedRead MoreWhy Bank Of America s Onboarding Process For Executives Essay1441 Words à |à 6 PagesThe onboarding process for executives at Bank of America does not stop after the first few days or even after the first few weeks. In fact, the onboarding training and development program at Bank of America benefits its executives for up to 18 months. The company invests significant time and expense on its executives because the organization places a high value on talent management and considers the potential derailment risks for its new executives. Indeed, the risk for executive turnover is highRead MoreOrganization s Should Care About Culture Essay1538 Words à |à 7 Pagesof the hardest things for leadership to control, especially when it has gained momentum, because employees openly share their opinions about the company with other current and prospective employees. The employee culture has a large impact on workplace dynamics and how the organization is perceived in the employment place. A strong culture can create a workplace of choice for employees, aiding the organizationââ¬â¢s talent acquisition and retention. To foster a better employee culture, we should employRead MoreExecutive Summary : Lmg Inc.1731 Words à |à 7 Pagesindividual joins the company, we do not maintain the level of effort during the onboarding process. Results of the said research indicate three primary areas that need to be addressed in order to aid in the retention of these new hires. We find that quality communication was lacking and there are three areas that need significant attention in the onboarding process, which are socialization, culture, and leadership engagement. I have designed several recommendations that I will submit to the humanRead MoreAnalysis Of Telecom Cable, The Third Largest Cable Provider Essay1587 Words à |à 7 PagesResources concerns. It was out of this desire that the Employee Benefits Center; EBC was designed. The EBC would support employees with questions ranging from payroll, insurance, open enrollment, and Employee Relations. The center would also provide support for newly hired employees during the Onboarding process. At its conception the EBC consisted of two functional teams. The Onboarding team worked directly with employees during the Onboarding process. The benefits team assisted with open enrollmentRead MoreMy Knowledge Of Supervision At The Manufacturing Industry For Five Years1577 Words à |à 7 Pagescurrently a marketing manager for FATHOM where I supervise a marketing team ranging in size from three to four people. The roles in this department include marketing assistants, event coordinator, and intern. My responsibilities include hiring, onboarding, development, communication, performance appraisals, and firing. For three years at Bishop-Wisecarver, I supervised the marketing department also ranging in size from three to four people with similar duties as at FATHOM. As a supervisor, I haveRead MoreCase #1 ââ¬â Microsoftââ¬â¢s MACH Program Designed to Help Millennial Grads Make a Difference ââ¬â Fast910 Words à |à 4 Pagesgraduates across a broad range of roles, and a ims to cultivate talent utilizing training, mentoring, and community support. Microsoft believes that work is a place for exploration, creativity, innovation and professional growth. Itââ¬â¢s about being inspired and motivated to achieve extraordinary things that leave a lasting impact. At Microsoft, graduates learn from the finest in the business. As a full time graduate employee, they experience an inspiring world-class program. MACH participants are hiredRead MoreThe Role Of Human Resources Department At The Management Training Process1556 Words à |à 7 PagesIn order to understand the role of the Human Resources department in the management training process, there must first be an understanding of the origin and true intention of the implementation of such department. Many business professionals may be under the impression that Human Resources is a modern institution created around the industrial era made famous by the teaching and research of Dave Ulrich. To a certain extent this would be a correct assumption. There are multiple perceptions of the modern
Friday, May 15, 2020
Revenge By William Shakespeare s Hamlet - 882 Words
In Shakespeareââ¬â¢s Hamlet, it is very evident that hatred and a thirst for revenge can turn people into something that they are not. Many characters throughout this story exemplify this, but the main two are Hamlet and Laertes. This theme of revenge is established throughout the whole play and it acts as a vital character. Revenge is seen as a cause for many outcomes. Hamlet pursues revenge on Claudius to avenge his father s death. Gertrude is targeted by Hamlet for wedding Claudius too quickly after the death of her husband. He also reprimands herfor her participation in his murder. Finally, Laertes pursues Hamlet to avenge his father, Polonius death. Shakespeare does this through intense suspense, vivid imagery, and through the characterââ¬â¢s phrasing. The best example of intense suspense in Hamlet from this book follows; I find you ready, And if you were duller than the fat weed That rots itself in ease on the river bank, You wouldnââ¬â¢t move on this. Now, Hamlet, listen. The story goes that, sleeping in my orchard, A serpent bit me. So the whole country of Denmark Is extremely abused by a lie about the Process of my death, but know, you noble youth, The serpent that poisoned and took your father s life Now wears his crown.(I. v. 29.) The ending of this paragraph and chapter leaves so much to be wondered at. Upon further thought and analysis the reader, along with the main character Hamlet, realize that the murderer is King Hamletââ¬â¢s own brother, newly crowned King Cladius.Show MoreRelatedWilliam Shakespeare s Hamlet s Revenge1725 Words à |à 7 Pages Thesis: Shakespeare s portrayal of Hamlet s revenge is not a worthy journey because he never finds his self worth, distracted between what will exemplify his purpose, and what will make him a failure in the memory of Denmark. Three quotes with analysis explaining thesis: Act 1 Scene 5 Ghost: ââ¬Å" But know, thou noble youth, Hamlet: ââ¬Å"Oh My Prophetic Soul! My uncle?â⬠The serpent that did sting thy fatherââ¬â¢s life Now wears his crown.â⬠The beginning of the ââ¬Å"call to adventure -JRead MoreRevenge By William Shakespeare s Hamlet1625 Words à |à 7 PagesRevenge can be defined as ââ¬Å"the act of retaliating for wrongs receivedâ⬠. William Shakespeare s ââ¬Å"Hamletâ⬠is considered one of his greatest plays and the plot is centered on revenge. Euripides Medea also shares a theme of revenge. While both central characters have been betrayed, resulting in their impending revenge, there is more than one theme of revenge in Hamlet, and there are differences in the ways all decide to handle their betrayals and the outcomes of their actions. In ââ¬Å"Hamlet,â⬠he isRead MoreWilliam Shakespeare s Hamlet - Hamlet s Revenge1742 Words à |à 7 PagesHamletââ¬â¢s Vengeance Hamlet is one of the greatest literary works that has the innate ability to transcend time with the study of the human condition. William Shakespeare investigates themes of revenge, morality, sex, and familial complexities that entangle us all at one point and time. Shakespeare story of Hamlet gives us one of our first tragic heroes in modern literary history. In his quest for revenge for his fatherââ¬â¢s death we also see the systematic decline and lapses into madness that willRead MoreRevenge By William Shakespeare s Hamlet982 Words à |à 4 PagesRevenge has caused the downfall of many a person. Its consuming nature causes one to act recklessly through anger rather than reason. Revenge is an emotion easily rationalized; one turn deserves another. However, this is a very dangerous theory to live by. Throughout Hamlet, revenge is a dominant theme. Fortinbras, Laertes, and Hamlet all seek to avenge the deaths of their fathers. But in so doing, all three rely more on emotion than thought, and take a very big gamble, a gamble which eventuallyRead MoreRevenge By William Shakespeare s Hamlet914 Words à |à 4 PagesRevenge = Happiness Can revenge really bring happiness? Harming and getting back at someone for upsetting you or ââ¬Å"doing you wrongâ⬠. Itââ¬â¢s the ultimate win, right? Wrong. Revenge is an irrepressible craving that devours the mind and creates a never ending cycle of pain and grief. ââ¬Å"But isnââ¬â¢t it said that revenge is sweet?â⬠says nearly every person in modern day society. Wrong again. Weââ¬â¢re obsessed with the belief that revenge is what solves the issue, when in reality; itââ¬â¢s only ridding you of yourRead MoreWilliam Shakespeare s Hamlet - Longing For Revenge1304 Words à |à 6 PagesLonging for Revenge William Shakespeare was born in England in April of 1564 and was an English poet and playwright . Shakespeare is universally known as the greatest writer in the English language. Shakespeare frequently produced tragedies that are continuously acted out today, along with many plays and sonnets.. Although Shakespeare is seen today as a great writer who changed the world, his reputation did not rise to these heights until around the 19th century. In all of Shakespeareââ¬â¢s astoundingRead MoreWilliam Shakespeare s Hamlet As A Revenge Tragedy1777 Words à |à 8 PagesWilliam Shakespeareââ¬â¢s play Hamlet was written as a revenge tragedy. This play was written by Shakespeare between 1599 and 1602; no one is exactly certain about the date Hamlet was written (Hunt 2). The protagonist of this play is a prince named Hamlet; he is a prince of Denmark. Hamletââ¬â¢s father was killed by his uncle Claudius, who became king afterwards. Not only did Claudius become king of Denmark, he took Hamletââ¬â¢s mother, Gertrude, as his wife. This play is the longest of all Shakespeareââ¬â¢s playsRead MoreRevenge By William Shakespeare s Hamlet, And Sophocles Antigone2105 Words à |à 9 PagesIntroduction Revenge has always been an exciting theme to incorporate into any literary work. This revenge adds conflict, action, and contrast to any story. There have been hundreds of thousands of stories and tales which cause readers to experience similar feeling to that of the main characters. With revenge, the reader may side with the main character whether or not the main character is morally right or wrong. By human nature, people around the globe have always been trying their hardest to comeRead MoreWilliam Shakespeare s Hamlet Essay902 Words à |à 4 PagesTo be, or not to be; that s the questionâ⬠(Act III, Scene 1, P.1127) is of the most widely circulated lines. As we all know, it is also the most important part of the drama, ââ¬Å"Hamletâ⬠, which is one of the most famous tragedy in the literature written by William Shakespeare between from 1599 to1602. The drama was written at the age of Renaissance that reflects the reality of the British society in sixteenth century to early seventeenth century. During that period, Britain was in the era of reverseRead MoreEssay on Vengeance in Shakespeares Hamlet - The Theme of Revenge1162 Words à |à 5 PagesThe Theme of Revenge in Hamlet à In Shakespeares tragedy,à Hamlet, the thoughts of revenge are introduced early in the play. At the end of the first act, Hamlet meets the ghost of his deceased father. He is brought to see him by Horatio and Marcellus, who saw the ghost yesternight (Shakespeare 1.2.190). During this exchange of words between the Ghost and Hamlet, the Ghost tells Hamlet, [s]o art thou to revenge, when thou shalt hear. (Shakespeare 1.5.5). He is telling Hamlet to listen closely
Wednesday, May 6, 2020
To What Extent Is the Conservative Party Still Committed...
TO WHAT EXTENT IS THE CONSERVATIVE PARTY STILL COMMITTED TO ITS TRADITIONAL PRINCIPLES? Since 1979 the conservative party has undergone significant changes from the traditional conservative party which focused on ideas about human nature, order and pragmatism, first with new right conservatism under Thatcher then with the current conservative party. The current conservative party however, can be seen to still be committed to its traditional conservative principles such as Euro-scepticism and that they remain largely traditionalist. However there are many ways in which the conservative party has changed such as taxation, education and the welfare state. One way the conservative party has changed is through taxation. Traditionally, theâ⬠¦show more contentâ⬠¦Another way the party has deviated from traditional conservative principles is through education. In contrast with the traditional elitist view on education by the conservatives, under Cameron there has been a strong emphasis on the idea that everybody should be able to go to university if their ability allows them too, supporting labours policies on scholarships to students from disadvantaged backgrounds and also attempting to establish more apprenticeship jobs and work experience jobs to encourage young people who perhaps wouldnt go to university to learn skills that would provide a better future for them. However, the fact remains that the vast majority of Camerons conservatives graduated from private schools which does make the overview of the party seem very elitist but, its policies and support for scholarship programmes seem to challenge this idea and show that perh aps the conservative party has changed from that traditional view. Another thing that shows that the conservative party has stuck to its traditional principles is the fact that the party is still very traditionalist. The conservative party has always been very traditionalist in its views and in many ways it still is today, little or no comment is made on social issues such as gay adoption, the partyShow MoreRelatedTo What Extent Did the Weimar Republic Recover Between the Years 1924 and 1929?940 Words à |à 4 PagesTo what extent did the Weimar Republic recover between the years 1924 and 1929? The statement about the Golden Years of the Weimar Republic is definitely to some extent true. The Weimar Republic grew in strength by virtue of Gustav Stresemann and his intervention, the introduction of a new currency and a cultural blast however there were still a number of factors holding Germany back. Opposition from the Left and Right, coalition governments and the introduction of the fuhrer principle were greatRead MoreProfessional Ethics10396 Words à |à 42 Pagessubsistence to a time in which 90% live better than comfortably and 10% live near subsistence. And we havenââ¬â¢t given up on the remaining 10%.à à Intellectuals who study the free society have, in the fields of economics and politics, a good understanding of what makes this possible: individualism. In economics there exists a well worked out understanding of how, starting with autonomous individuals engaging in voluntary transactions, goods, services, and information flow efficiently to where they are neededRead MoreEssay on Womenââ¬â¢s Rights in Afghanistan2495 Words à |à 10 Pagespatriarchal tribal culture resulted in numerous edicts aimed at the control and subjugation of Afghan womenâ⬠Many women became widows because of the civil war but were still denied jobs because of their conservative Islamic ideas Any strides that women accomplished were taken away by the Taliban. Today in the post ââ¬âTaliban era, women still struggle with their rights. Resolutions were produced and rights for women have advanced since September 11th but in order to move forward, much work needs to be doneRead MoreHuman Rights in Afghanistan4924 Words à |à 20 Pagesrights and to investigate human rights abuses and war crimes. The Afghanistan Constitution of 2004 entrenched the existence of the AIHRC. While the ongoing turmoil, violence and reconstruction efforts often make it difficult to get an accurate sense of what is going on, various reports from NGOs have accused various br anches of the Afghan government of engaging in human rights violations. There have also been various human rights abuses by American soldiers on Afghan civilians, most notably in the BaghramRead MoreHuman Rights in Afghanistan4911 Words à |à 20 Pagesrights and to investigate human rights abuses and war crimes. The Afghanistan Constitution of 2004 entrenched the existence of the AIHRC. While the ongoing turmoil, violence and reconstruction efforts often make it difficult to get an accurate sense of what is going on, various reports from NGOs have accused various branches of the Afghan government of engaging in human rights violations. There have also been various human rights abuses by American soldiers on Afghan civilians, most notably in the BaghramRead MoreRadical Social Work and Social Action4276 Words à |à 18 Pageschange, problem solving in human relationships and the empowerment and liberation of people to enhance wellbeing. Utilizing theories of human behavior and soci al systems, social work intervenes at the points where people interact with environments. Principles of human rights and social justice are fundamental to social work. (Quoted by Harashima, 2005) As the above definition is not talking about complete social change but it promotes the change means somewhere it plays a role of agent for societal changeRead More Separation of Church and State in Latin America Essay7515 Words à |à 31 Pagescountries have turned toward democracy the Catholic Church has had to recognize that along with modernization comes the promotion of two democratic ideals: the separation of Church and State and the endorsement of secularization. While many countries are still working toward a separation of Church and State, Costa Rica, a long-time democratic country, has continued to recognize Roman Catholicism as the official religion of the country and to look to church and clergy for support. Though the Costa Rican ChurchRead MoreUK - Analysis Report31935 Words à |à 128 PagesWith one month of the current fiscal year remaining, the deficit stood at GBP132 billion ($198 billion). Such fiscal health problems will pose serious hurdles to economic revival. The country has high standards of living, but income inequality is still apparent A recent report released by the UN declared that, for the first time in more than 100 years, the standard of living in the UK had surpassed that of the US. According to the Human Development Index 2008ââ¬â09 published by the United Nations DevelopmentRead MoreThe Issues Of Companies Act Of 20067516 Words à |à 31 Pagesto enter a concentrated market. Within the context of limited liability, there are more unique kinds of liabilities which are deemed to be missing from the Act and these are contractual loss suffered by a firm and liability with regard to any third party with regard to the Tort Law. SHAREHOLDER DISPUTES A company is said to have a separate personality which is distinct from its members or partners. Shareholders in a given private company tend to run or start their respective businesses based on mutualRead MoreBalance Sheet and Accounting8361 Words à |à 34 PagesWHAT HAS THE INVISIBLE HAND ACHIEVED? Ross L. Watts Sloan School Massachusetts Institute of Technology January 27, 2006 _____________________________ This paper was presented at the Institute of Chartered Accountants in England Wales Information for Better Capital Markets Conference in London on December 20, 2005. I am grateful to Ryan LaFond, Karthik Ramanna, Sugata Roychowdhury and Joseph Weber for their comments. All remaining errors are mine. 1. INTRODUCTION When I was invited
Tuesday, May 5, 2020
Corporate Social Responsibilities Of BHP Billiton Limited - Samples
Question: Discuss about the Corporate Social Responsibilities Of BHP Billiton Limited. Answer: Introduction BHP Billiton is a multinational Anglo-Australian metals, mining and petroleum listed public organization which has its headquarters in Melbourne and is the chosen company for the report. It was founded in the year 1885 and in 2015 it became the worlds biggest mining organization considering market values (Ore, 2014). BHP Billiton was formed in the year 2001 merging two companies namely the Australian Broken Hill Proprietary Company Limited (BHP) and the AngloDutch Billiton plc. Bilton is on the list of 90 organizations which market and extract fossil fuel and is responsible for two thirds of the worlds greenhouse gas. It is the 19th biggest polluter in the world. This essay looks into how the company plans its Corporate Social `Responsibility and executes it so as to minimize the damage done to the environment. It also shows how the media plays an important role in promoting the CSR activities of the organization. Integrating CSR and Issues Management Corporate Social Responsibility is a type of self-regulation for corporate which have been incorporated in a business model. These are a companys initiatives which help them asses and shoulder responsibilities for the organizations social and environmental well being. These efforts generally go beyond what environmental groups and protection regulators try to do (Crane, Matten Spence, 2013). CSR involves spending money without any financial benefit to the company in the short term . It instead is used to promote positive environmental and social changes. Huge companies especially the ones in heavy industry can have adverse effects on the environment. Spilling of oil in seas and oceans are the most common examples but industries such as mining, agriculture, chemical making can lead to irreparable damage to the environment. Sometimes these can lead to climate change also. While some of the everyday necessities like electricity and transportation are due to these industries there many others who have just grabbed a lot of money from the environments decay (Yakovleva, 2017). On many occasions harm to men and environment happen simultaneously. There were groups in the Amazon rainforest who have been completely wiped off for gold mining, oil and gas drilling and to generate hydroelectric power. In light of these cases companies have now started to embrace a culture which balances the need for profit with a commitment to maintaining and preserving nature. In short the funds which inflict damage to environment and society also allows the companies to have positive changes on the environment. These companies can also use their power to pressure governments and other organizations to use resources ethically (Savitz, 2013). Many organizations today are therefore using the tagline of triple bottom line: social, economic and environmental- or simply people, planet and profit to focus on the importance of preserving the environment (Gimenez, Sierra Rodon, 2012). Issue Management In a projects life cycle there are always unwanted and unexpected problems which pop up from time to time. When these things crop up the company has to deal with those otherwise they can damage the projects outcome. Most of the issues faced in a project are more or less unexpected and ideally there should be team to address it as soon as possible so that the deadlines and objectives can be met (Cho Kim, 2012). Problems such as shortage of staff, suppliers, materials and technical failures can all have an adverse impact on the project if they remain unresolved. Then again issues and risks are not quite the same thing. Issues cannot be predicted, like for example finding a replacement for a staff who has left the company is an identifiable risk (Wu, Chen Olson, 2014). On the other hand however, a staff is involved in an accident and is hospitalized for a month that becomes an issue. In recent times supply chains are quite the central focus in Corporate Social Responsibilities. As part of it the company might take in a lot of people to diversify and empower its workforce. They might also pay generous amounts for maternity and paternity leaves or accidental leaves. These however, cannot change the fact that the raw materials for these industries are purchased from places which use child labour. For example, the diamond industry has received a lot of flak from injustices in its supply chain. Conflict Diamonds are usually plucked from places ravaged by war where groups usually fund their campaigns through excavating these precious stones often using child labour from areas such as Angola, Zimbabwe and Ivory Coast. CSR within the organization BHP states its CSR Policy as a requirement for addressing risks (Hilson, 2012). It also states that it has zero tolerance for the use of child labour, forced or compulsory labour, mistreatment of employees, living wages, workplace health and safety, freedom of association, world heritage sites and protected areas, biofuels, corruption, bribery and extortion, compliance with laws, discrimination, indigenous rights and the environment. BHP also voluntarily gives away one percent of its profit in programs for communities. It has made 241.7 million of community donations which includes a 100 million dollar contribution towards BHP Billiton charity. CSR does a lot of things for the company and therefore organizations nowadays want to spend on these activities so that they can get some mileage out of it. First of all it improves public image of the organization. They can do it by supporting non-profits by giving steady partnerships, monetary donations, volunteerism, in-kind donations of services and products. By means of publicity and general awareness organizations increase their chances of becoming favourable in the eyes of the buyers. CSR also increases media coverage of a company which in turn helps in highlighting the work that the company is doing. Media usually pick up the good things that a company does and highlights them in their space. However, even negative community impacts are highlighted by the media which in turn affects the company adversely. CSR also helps in boosting employee engagement. When organizations try and improve their communities through corporate giving programs they are likely to retain and attract workers. These activities also help retain and attract investors. When a company invests in a CSR activity it shows the investors that it is not just bent on making money. The Communication activities which should be adhered to by the company is that they should always remember that negative reports spread faster than positive ones which is risk while communicating CSR. However, many believe that companies who do not exaggerate or hide their activities have nothing to fear. Firstly, there is nothing to be afraid of the media (Zyglidopoulos et al., 2012). There are managers who believe that media is always out to get them and are only interested in bad news. However, that is not the case. Most managers say that the media report their stories correctly. Also big issues need to be tackled head on. The company should respond to its stake holders and see what they are asking for. Communicating to them what they are interested in will help in eradicating greenwashing(Nyilasy, Gangadharbatla Paladino, 2014). The organization should also never represent itself as a picture-perfect one. Stakeholders can get very skeptical if everything looks rosy from the top. Corporate communications should therefore present CSR activities integrating them into the organizations business and not show them as the companys sole purpose. Communicating CSR should not only be the job of the corporate communications branch but also of the whole organization. While the communication department can only tell the story of the CSR to the world, the rest of the company must make the world believe in the message. There are always CSR issues which a company needs to manage . First is child labour. It is clearly stated in the companys website that children below the age of 15 cannot work in the organization. Therefore they need to see that it is not violated through out all the plants that they have. Also, there should not be any forced or compulsory labour which violates the essential freedom of an individual. Role of CSR Issue Management BHP Billiton can face CSR issues in terms of customer or community conviction. Moreover, the customers and community are less likely to believe on the good benefits of CSR issues, if it is not associated with instant affect. The CSR issue related to customer and community conviction can actually hamper the reputation the brand in the market. On the other hand, in CSR practice, BHP Billiton is more likely to share all kinds of information among the stakeholders, whether it is positive or negative. In such situation, the reputation of the organization is vulnerable to breakthrough, if any negative information about the business in communicated among the stakeholders. Therefore, the organization should immediately manage the CSR issues related to leak out of negative information. Furthermore, BHP Billiton often fails in meeting the expected CSR needs of the customers, community and other stakeholders. The reputation of the organization can also be hampered, when the CSR programs cannot meet the actual expectation of the stakeholders. The organization can effectively manage the media and internet for managing the CSR issues. Moreover, role of CSR issuesmanagement is to protect the reputation of the organization in the market. Moreover, the organization can know about the trends and wants of their stakeholders towards knowing their CSR expectation. In this way, the organization will be better able to meet the CSR needs of the stakeholders. On the other hand, strong media relation will less spread the negative information of the organization, which can protect the image and reputation of the customers. In this way, strong media relation in CSR issuemanagement will help the organization in making sustainable image and reputation in the market. Communicating to stake holders A very key issue in communicating CSR initiatives to stake holders is to make these initiatives sound as they matter. This should be highlighted in such a way so as to see that its not just another part of the company. However, in highlighting these events, that is if they are done very aggressively companies face the risk of getting opposite of the desired result. This is known as a boomerang response. Given the common masss distrust in major organizations it is not unreal for a company to think that the stakeholders will perceive those attempts to highlight CSR as greenwashing.Greenwashing in its truest sense refers to using environment to highlight that a companys products and policies are eco-friendly. In the broader sense greenwashing describes PR which usually aims at giving false impression that an organization is whole heartedly interested and doing CSR (Walker Wan, 2012). There are also concerns about companies which are genuinely focused in CSR can be taken cynically by th e stakeholders. This is because stakeholders do not get to witness the CSR in front and have to rely on the companys own reporting. A key issue for managers, is to minimize stakeholders fear and communicate CSR without being accused of greenwashing (Vries et al., 2015). Therefore communication to stake holders should be very clear and loud. The extent of the CSR activities which are highlighted should be put to the stakeholders in a way that they look believable. Suppose if a company is sponsoring the education of 600 underprivileged kids in Africa it should not resort to stating that it is helping children all over. Another example can be the company spends on biotoilets in remote areas, then it should obviously state exactly the number of toilets it has created so far in those places. The company should also be careful about highlighting itself in front of those stake holders (Costa Menichini, 2013). The organization should not adhere to window dressing showing itself to be something it is not. The company should always clearly mention, its history, its funding, and the state in which it is now. A company with good corporate social responsibilities has these attributes: Understanding of key environmental and social issues which are of prime concern to the stake holders. Accepting the necessity of communicating CSR without bragging. Understanding how CSR adds a lot of value to the goodwill of the company. Also there are a few essential ways to communicating CSR: Cutting out the PR fluff and keeping it accurate and factual. To ensure message sent to the stake holders are consistent. Using data to state what the company has achieved. Explaining how action in the company can be of value to the organization. BHP Billiton has also adopted a corporate governance framework that is designed to ensure: Timely and accurate information regarding BHP Billiton, including its financial situation, performance, ownership. Strategies, activities and governance is provided equally to all shareholders and market participants. Channels for disseminating information are adopted which are fair, timely and cost-efficient; and It does not communicate material price, or value, sensitive information to any external party prior to that information Being disclosed to all shareholders and market participants in compliance with its continuous disclosure obligations. There is always the most necessary need of bridging the portrayal gap. Communications with positive outcomes that tend to put a gloss over the negatives or contain incorrect data can create mistrust and damage the reputation of the company (Tai Chuang, 2014). It is therefore very necessary to check those issues and address them so that the facts are represented faithfully. If it does not happen the media can expose these and result in portrayal gap where there is a difference in how an organization portrays itself and how it is seen externally. Communications with stakeholders is another very important factors these days as businesses need them to work in a global environment. Effective communication is therefore an essential part of not only developing a strategy which can be responsive to environmental and social risks and opportunities and delivering on that strategy. It also influences the organisations culture. Many activities in which organizations engage in, such as employees working for social good and equal opportunities initiatives, are an important part of that transformation, changing the way employees think and behave both at work and home. They also change broader perceptions about the company. The overall communication The overall communication at BHP Bilton is doing well in passing on the information to the key stakeholders of the company. The CSR team too has carefully addressed the fact that it needs to highlight the fact on how the company is giving back to the environment in a way that the depletion seems less. The company can however, have amanagement team in place that only looks into the CSR commitments of the company. The company can take the initiative also of planting more trees or have green zones. Green zones are usually huge acres of land where a company takes the initiative of planting trees (Sung Hwang, 2013). Usually heavy industries which take a toll on the environment tend to use this strategy so as that they can give back the environment what they are depleting (Pellegrino Lodhia, 2012). There are already a few such zones in Australia and BHP can look to further add to those. They can start off by creating a nursery of plants and slowly grow. The nursery should have all types of plants from where people can buy too. Hoardings supporting the same cause can be put across the country so as to highlight this CSR activity with the tag line of What we take, we give double. The second initiative can be an eco-friendly fuel that can help cars and buses run without much pollution (Panwar, Kothari Tyagi, 2012). Since the company is into mining and making petroleum based products they can used their scientists to have a look into this idea. They can start of by making it in the labs and then promoting or testing it in villages that necessarily do not have much access to petrol or diesel. Once they are successful they can bring it to the cities and promote it. In the cities they will be able to sell it too as a better alternative to petrol and diesel and highlight the fact how it cuts down the air pollution levels. Conclusion It can be clearly seen that a company which is into mining and heavy industries has a very transparent identity at the corporate levels. The researches, data and surveys which have been collected from 2014 shows that the company has clear goals and visions regarding the CSR activities in the future. It is in the Forbes list of top companies which goes to show that the company stands firm on its ground and enjoys quite a good reputation among its stakeholders. References: Cho, S., Kim, Y. C. (2012). Corporate social responsibility (CSR) as a halo effect in issue management: public response to negative news about pro-social local private companies. Asian Journal of Communication, 22(4), 372-385. Costa, R., Menichini, T. (2013). A multidimensional approach for CSR assessment: The importance of the stakeholder perception. Expert Systems with Applications, 40(1), 150-161. Crane, A., Matten, D., Spence, L. J. (2013). Corporate social responsibility in a global context. de Colle, S., Henriques, A., Sarasvathy, S. (2014). The paradox of corporate social responsibility standards. Journal of Business Ethics, 125(2), 177-191. Gimenez, C., Sierra, V., Rodon, J. (2012). Sustainable operations: Their impact on the triple bottom line. International Journal of Production Economics, 140(1), 149-159. Hilson, G. (2012). Corporate Social Responsibility in the extractive industries: Experiences from developing countries. Resources Policy, 37(2), 131-137. Lodhia, S., Martin, N. (2014). Corporate sustainability indicators: an Australian mining case study. Journal of cleaner production, 84, 107-115. Nyilasy, G., Gangadharbatla, H., Paladino, A. (2014). Perceived greenwashing: The interactive effects of green advertising and corporate environmental performance on consumer reactions. Journal of Business Ethics, 125(4), 693-707. Ore, B. B. I. (2014). Health Safety, Crisis and Emergency Management Version 2.0. Panwar, N. L., Kothari, R., Tyagi, V. V. (2012). Thermo chemical conversion of biomassEco friendly energy routes. Renewable and Sustainable Energy Reviews, 16(4), 1801-1816. Pellegrino, C., Lodhia, S. (2012). Climate change accounting and the Australian mining industry: exploring the links between corporate disclosure and the generation of legitimacy. Journal of Cleaner Production, 36, 68-82. Savitz, A. (2013). The triple bottom line: how today's best-run companies are achieving economic, social and environmental success-and how you can too. John Wiley Sons. Schmitt, A., Raisch, S. (2013). Corporate turnarounds: The duality of retrenchment and recovery. Journal of Management Studies, 50(7), 1216-1244. Sung, H. C., Hwang, S. Y. (2013). A Preliminary Study on Assessment of Urban Parks and Green Zones of Ecological Attributes and Responsiveness to Climate Change. Journal of the Korea Society of Environmental Restoration Technology, 16(3), 107-117. Tai, F. M., Chuang, S. H. (2014). Corporate social responsibility. Ibusiness, 6(03), 117. Vries, G., Terwel, B. W., Ellemers, N., Daamen, D. D. (2015). Sustainability or profitability? How communicated motives for environmental policy affect public perceptions of corporate greenwashing. Corporate Social Responsibility and Environmental Management, 22(3), 142-154. Walker, K., Wan, F. (2012). The harm of symbolic actions and green-washing: Corporate actions and communications on environmental performance and their financial implications. Journal of business ethics, 109(2), 227-242. Wu, D. D., Chen, S. H., Olson, D. L. (2014). Business intelligence in risk management: Some recent progresses. Information Sciences, 256, 1-7. Yakovleva, N. (2017). Corporate social responsibility in the mining industries. Routledge. Zyglidopoulos, S. C., Georgiadis, A. P., Carroll, C. E., Siegel, D. S. (2012). Does media attention drive corporate social responsibility?. Journal of Business Research, 65(11), 1622-1627.
Subscribe to:
Posts (Atom)