In a fierce competition in the international market, companies from various industries seek to take benefit of all their external and internal environments, potentials, resources and misfortunes. This study will be centered around five different case studies important for contemporary business development landscape and ups and downs with informative instances. With these analyses an overall understanding of management and important of strategic change decision-making will be enhanced.
Management of drugs and alcohol problems in the workplaces could impose ethical dilemmas for employers. What course of conduct a management takes includes a balancing of contemplation’s with respect of people who have drug and alcohol abuse related complexities with the duty to correctly manage all shareholder’s economic resources as well as protect the safety of others employees. Drug and alcohol abuses by workers cause various expensive problems for organizations and industry ranging from declined productivity, injuries and a development in health insurance claims. These astounding numbers do not involve the expenses of diverting organizational resources, which can be used for other significant operations, toward speaking of substance abuse related issues. According to current statistical reports, drugging and drinking among the United State employees make expensive health, social and other complexities, which influence both employers and workers. The case of “Substance abuse” among organizational management could threaten public safety, damage job productive level and cause threats to their own safety.
It has been identified that around 9% of heavy drinkers and almost 10% of drug users had missed their works because of after consequences, around 6% had gone to work in a drunk condition in the prior years, and around 11% of heavy drinkers as well as 18% of drug takers had avoided works in the previous months.
It has been noticed that Starbucks involved in a controversy over apparent racial profiling would shut down over 8,000 organization-owned US stores for a responsibility in May in order to conduct “racial-bias training”. This developed organization will instruct around 175,000 employees in their stores and corporate professionals, using proper training plans, which will become past of their on-boarding procedure for new workers, this organization has announced. Stores in this list will close on the afternoon of May 29, for necessary training requirements. This announcement follows a disturbance that started at Starbucks location in Philadelphia, where two men were told to leave the store because they were black. For an organization, which has staked out a reputation for representing liberal values, these types of charges related to racial biasness stings. In a previous statement, the CEO, Kevin Johnson has announced that worker’s training failed: “Apologetically, our practices and training led to a corrupt consequence—the base for the call to the Philadelphia police department was wrong.”
In the year 1982, Tylenol, one of the foremost pain-killer drugs in the U.S.A at the time, confronted a chief catastrophe and almost criminal charge when 7 folks in Chicago were informed dead after consuming strong dose of the medicine. It has been reported that an unidentified accused put around 65 milligrams of this lethal cyanide in Tylenol medicine, ten thousand extras than what is required to murder an individual. After the linking was made among the Tylenol medicine and the informed life losses, statements were produced publicly noticing individuals regarding the ingesting of this product. This incident has influenced Johnson & Johnson that confronted with ethical dilemmas of the effective way to deal with the situation without abolishing the organizational status and its most profitable products. Once this medicine was removed from the target market, the afore-mentioned company had to derive with an effective policy to re-launch their products and reinstate confidences back to the customer. Tylenol medicines were re-launched involving a triple-seal tamper resistance wrapping. This become one of the initial organizations to obey with the “Food and Drug Administration directive of tamper-resistant packaging”.
Tesco Plc, United Kingdom’s leading retailer, has developed their main stakes in their South Korean joint endeavor with Samsung around ninety-nine per cent by the year 2011. This was an extra 10% of Home plus from Samsung around the following 7 years for approximately £200m. The organizations were settled upon the worth around £40m to £60m for the initial 5% to be achieved in 2007. The remaining five percent stake would then decide to change hands in July 2011. This joint venture has helped Tesco Plc to achieve an in-depth understanding of the market as well as helped in achieving the best store locations. Currently, it has been identified that Tesco Plc is negotiating their policies to sale Home plus to major investors led by South Korean private equity organization. This sale would reportedly end one of the country’s largest inbound investments.
The fire outbreak in microchip plants has influenced supply chain management and decision-making process of two leading companies; Nokia and Ericsson. Identifying that this problem can influence negatively production of several million mobile phones, Nokia has taken three remarkable steps. A team of executives concentrated on developing alternative plans. A cross-continental group has worked on redesigning some chips. The third group of workers has processed in finding alternative manufacturers to decline pressure on Philips. On the other hand, Ericsson’s anguishes go beyond mobile phones and become present in subsequent years. This ultimately resolved partially in 2004, but as a much smaller organization. Contrasting to 2000, its organizational capital had fallen around 52%, total assets approximately 30%, and several workers around 52%, total income and operating income were around, but not quite the same.
From the above analysis of different business development and failure documents, it has been understood that one of the most important things in management and communication with employees is understanding the current market situations and needs of changing strategies as per the market conditions. Additionally, it has been identified that with internal business management and working environment analysis, companies should consider the benefits of consumers and society to avoid further complications. On the other hand, decision-making process of leading organizations should be channelized in a way that can provide benefits to individuals and society broadly.