Commerce paper essay Example | Topics and Well Written Essays - 2000 words

Commerce melodic theme - Essay ExampleIn addition, the CEO needs to encourage employees to openly express their views and suggestions regarding the good ending of the organization so as to ensure a comprehensive good frame progress to. The essential elements needed for the system of an effective respectable framework may vary from culture to culture as ethics is relate to perceptions of people. Therefore, the CEO must acquire thorough knowledge regarding different cultural aspects of the region in which his corporation operates. For this, the CEO has to directly or indirectly analyze the traditional beliefs and practices and living standards of people who reside in the companys target business territory. Before setting the ethical standards of an organization, the CEO should evaluate what his competitors do and to what extent they are effective. It is clear that finance is an essential component in the design and implementation of proposed ethical standards. Here, the CEO ha s the responsibility to find potential sources of finance and distribute them among different divisions of the organization. Hence, the CEO needs to carry appropriate means of market survey to understand what people expect from the company. Similarly, the CEO has to convince force-out about the significance of ethical culture since effective employee participation is inevitable for the successful implementation of the knowing ethical standards. Therefore, the CEO must also ensure that the proposed ethical framework does not hurt the employees worksite interests. In order for setting up ethical standards effectively, upward and downward flow of communication is necessary at various management levels. Ethical standards and practices would not benefit an organization if bad behavior of managerial persons or other employees goes unreported. Hence, the CEO must design a well structured reporting system by focusing on various departmental divisions. Furthermore, the CEO has to remembe r the fact that generational differences can machinate ethical changes and hence he should not focus too much on traditional ethical practices of the organization. Gable highlights the point that people with different work styles can demonstrate same commitment and work efficacy. Hence, individuality of people has to be admired while framing ethical standards of an organization. In other words, the ethical standards must make the employees feel that the company is loyal to them. In sum, the CEO must ensure that the proposed ethical standards are authentic and not too liberal. 2. In macroeconomics and management, vertical integration is a process through with(predicate) which several phases in production and/or distribution of a product/service are owned and operated by a single company in order to increase business territory and market power. A vertical integration strategy has the following advantages and disadvantages Advantages Improved supply chain coordination is the most f amed benefit of a vertical integration strategy as this feature assists an organization to increase its in operation(p) efficiency and thereby profitability. In most times, it seems that a vertical integration results in closer geographic proximity and it is beneficial for the integrated firm to take advantages of reduced transportation costs. Economists opine that vertical jointure is useful for