Constrains of Production Cost and Ethical Industrial Relation Essay

Constrains of Production Cost and Ethical Industrial Relation Management - Essay Example We address ourselves, not to their humanity but to their self-love, (Smith, 1909, p. 20) However, this self centered philosophy is giving way to a more other- centered philosophy to work and its management. According to Schweitzer (1955), work was meaningful beyond the salary. In his work ethics caring approach to clients, colleagues and wider biotic community is needed. This pursuit of public good is found in all religious and secular ethics. Maslow's hierarchy of needs and Herzberg's theory of motivation are linked to a search for a wider welfare. In the given scenario, it appears that the company has enough order on hold which shows that the company's products can roll out from the company. The company is not in a recession stage nor is its products lack takers in the market. The decision to close down the plant and move its manufacturing operations to South East Asia springs from the desire for more profit for the company. The threat of the workers to launch a strike is only a normal reaction. Many possible actions are open to the plant manager. By the application of behavior psychology of workers and using quantitative techniques of measurement, the bargaining models have been arrived at. In the model of Ashenfelter and Johnson (1969), firm's negotiators can understand the unions bargaining strength and concession curves. This knowledge is used for the bargaining advantage of the company. What is at risk in the approach is the very credibility of the company's human resources policies. To make the employer cow down to the demands of the company on the lack of their bargaining strength definitely goes against the principles of Maslow and Herzberg's theory of motivation. Though Maslow's hierarchy of needs is an old theory, its ethical value in the present context is undeniable. According to Maslow, the most basic needs are physiological, such as the need for food. The next one is the need for security. If these needs are not met, a person cannot achieve a healthy personality. In the given context, the company is not under any threat of serious financial break down. So the closure of a plant that enjoys reputation in the market, as evidenced by the orders it has, supports so many workers and runs on reasonable profit is primarily unethical. No manger should go for a decision, which is intrinsically unethical. From the point of Herzberg, a true leader has the ability to attend the needs of the workers and inspire them to go beyond their lower needs. Therefore, a true leader who is a transforming leader can refocus the workers by engaging in fulfilling their more authentic needs. So, in the context the constraint of meeting higher profit for the company can be achieved by another strategy, by engaging all workers in a spirit of participation. This is becoming a popular approach in management today, called the approach of servant leader- ship, put forward by Greenleaf (1970). The concept of Servant-Leadership (S-L) is quickly gaining popularity across the world. An array of

Entrepreneurship Essay Example | Topics and Well Written Essays - 1500 words - 10

Entrepreneurship - Essay Example its from the farm business continually; thus a farm manager needs to adjust his or her farm organization time by time to keep abreast of changes in methods of farming, prices variability, and the available resources among other factors. This means that for a farming business to succeed, a manager should, therefore, develop core functions to secure the success of the business. Some of the main functions that should be developed, in this case, a coffee farming business, include internal, external, and support functions (BROWN, 2008, p. 53-56). This paper will, therefore; discuss the roles and responsibilities of these functions and the significance of the functions to the sole traders and SME’s in the success of their businesses. First, internal functions consist of all necessary and essential business activities that help lay a foundation for a business. They are, therefore, required to continue the business objectives that are established by the business owner during an establishment of a business. Internal functions are also needed to continue the regular activities of a business and examples of the internal functions acquisition of finance, hiring of labour, purchasing raw materials, overhead expenses, and production of goods. In a coffee farming business, acquisition of finances is important since it will need high capital at the start-up and the running of the farm activities. Finances can be acquired from investors, banks, and other financial institutions and resources can be channelled to initiate some of the preliminary activities such as purchasing machineries such as processing plants, buildings, and land. Once this is done, the farm will need labour; people who will help cultivate the land, plant ing coffee and making sure the coffee plants are a conducive environment to grow. Additionally, the business also requires a management team, who will carry out function such as controlling the overhead expenses, controlling the production of coffee, and