Today We Find Ourselves in a World of Turmoil
Today we find ourselves in a world of turmoil where employment is concerned. Many people find themselves forced to take part time positions at multiple establishments to “make ends meet”. In years past, loyalty and respect led the decisions of organizations and corporations. Today stock prices, profits and competition are the main consideration when managers and leaders make changes within a company. Is this the best way to guide the decision making process? What affects do small decisions have on a company as a whole?
Individual Business Decisions
In a weak economy many businesses find themselves struggling to stay competitively priced and still make a profit. In order to “keep the doors open” managers are faced with many tough decisions that sometimes lead to deterioration in working conditions for many employees. Managers must then implement planning, “a process that includes defining goals, establishing strategies, and developing plans to coordinate activities” (Robbins & Judge, 2013, p. 6). Many decisions they make affect conditions and attitudes of the employees of the organization. Reduction of work force causes employees to be on edge and many times make poor decisions for fear of losing their job. This can cause conflicts among workers and lead to less production for the company. Often times the business will choose to cut hours, making full time employees lose benefit eligibility. These decisions made by management can cause working conditions to deteriorate very quickly. Lack of hours, benefits, and conflict among workers causes stress and disturbances in the work place, leading to less than favorable conditions.
Responsibility Based Decisions
Organizations have a responsibility not only to employees but also to shareholders to be as profitable as possible in all economic conditions. These organizations are responsible for ensuring a safe work place for all employees. According to OSHA regulation a general business is responsible for maintaining conditions and implementing actions that are necessary to produce a safe working environment for workers (Education Portal, 2003). The organization is not responsible for ensuring job security, full time hours or working conditions although these are considered ethical concerns for a company. The responsibility of an organization is to its shareholders, creditors and customers to offer the best price possible while still making an acceptable profit margin. Managers must ensure the ability to repay its debts as well as the ability to pay the employees