Creating Sustainable Future for Excellence...

Creating Sustainable Future for Excellence  An organization can achieve sustainable excellence if it embraces and respects the environment in the present and cares for the well being of the  generations to follow. The concept of creating sustainable future is broadly defined as meeting the needs of the present generation without compromising the ability of future generations to meet their needs. The ability to adapt to change is a crucial element for the survival and the key to success for an organization. The critical issue of the present time is the ability to sustain  in the face of rapid global change and resource competition. Everyone including employees and stakeholders are to play a part for creating a sustainable future. Management is to practice transformational stewardship and to find sustainable practices and strategies for the organization to create sustainable future. The principles adopted by the organization creating sustainable future are more holistic than the practices followed in the past. The management is to recognize that both the need for return on investment, the wise use of resources, and seeking the well being of their employees and stakeholders are equally important. The organization creating sustainable future is to utilize appropriate technologies and strategies for securing its future and to benefit its neighborhood. It is to shift towards the practices that respect people, profit and planet to remain not just competitive, but secure in the market. Organization creating sustainable future take managerial decisions which are based not only on financial concerns but also on environmental and social concerns. Such organization (i) creates long term financial value, (ii) knows how its actions affect the environment and actively work to reduce their impacts, (iii) cares about its employees, customers, communities, and other stakeholders and work towards making positive social changes,...

Organizational Ethics and Management...

Organizational Ethics and Management  Ethics refers to the principles, rules and standards of moral behaviour that are accepted by society as right or wrong. It tells the difference between the right and wrong. It guides the employees of the organization to decide on the best course of action in situations where it is difficult to make the right choice, or at least the best choice from among competing alternatives. Organizational ethics is also known as corporate or business ethics. It is a form of applied ethics or professional ethics that examines ethical principles and morals or ethical problems that arise in an organizational environment. It applies to all aspects of organizational conduct and is relevant to the conduct of its management and employees as well as the organization as a whole. It can be both a normative and a descriptive discipline. The range and quantity of ethical issues reflects the degree to which organizational working is perceived to be at odds with non economic social values. Organizational ethics lay emphasis on commitment of the organization in promoting non economic social values. They are tied to the ethics of the society as well as the ethics of the individuals who work for, and buy products from, the organization. Ethics is not a recent phenomenon. Ethical codes have been prepared along with the development of human civilization. The word ethics is derived from the Greek word ‘Ethikos’ and Latin word ‘Ethicus’. The word means custom, norm, ideal, or character. In the words of Peter.F.Drucker, ‘Ethics deals with right actions of individuals’. The term ‘business ethics’ came into common use in the USA in the early 1970s. Organizations started highlighting their ethical stature in the late 1980s and early 1990s, possibly trying to distance themselves from the business scandals of the...