A Role Of Law In Business World Essay Example | Topics and Well Written Essays - 1250 words

A Role Of Law In Business World - Essay Example Numerous studies have been conducted in order to determine the level of employers' concerns about the law. Therefore, in the study conducted by Robert Drago, Ph.D., and Vicky Lovell, Ph.D.: â€Å"The law makes sense and creates a better, less stressful work environment; We [Bi-Rite Market, (San Francisco)] even took it a step further and pay out any time accrued when an employee leaves our organization, not required under the current law which is „use it or lose it†. What is even more important is the fact that the study found no abuse of paid sick days, but save these days. San Francisco researchers claim that like in the other American States, employees, who have paid sick days are healthier and work in a more productive way. Unfortunately, these policies are more relevant to corporations. Small business owners often neglect Health and Safety issues. That is why for business students it should be known that taking care of the health of their employees is a right way to the success of their company. As far as we can see, in the result of our research, we have found out that multidisciplinary knowledge of business students play an important role for their future professional career. Thus, students’ knowledge about legal regulations in the field of financing or corporations’ management is of crucial importance for relevant regulations of business conduct. Moreover, relations between employees and employers should be also regulated in accordance with international legal regulations.

Strategic managment report Essay Example | Topics and Well Written Essays - 1000 words

Strategic managment report - Essay Example This paper will discuss the relevance of the organizational paradigms to the implementation of strategic management processes. Organizational Paradigms It is essential for the modern day organizations to take into account the understanding and interpretation of the concept of organizational paradigm. The word 'paradigm' pertains to the description of distinct thought patterns or concepts being applied. It refers to the exemplar or the pattern of any structure or object, which distinguishes the particular object from other objects. Through this term, it is understood that the term 'organizational paradigm' refers to the arrangement of the organizational structure and activities into such patterns that make it stand out from the other similar companies in the corporate world. All the paradigms of an organization are alive and possess their own weaknesses and strengths. Some of the traditional organization paradigms include circle, hierarchy, bureaucracy, and network paradigms (Hailin, 2009). All these paradigms involve various ways in which tasks are performed and people coordinate in the organizations. However, nowadays, these conventional paradigms have experienced a shift and are moving towards the integration of all these conventional paradigms in an organization. ... The conventional organizations focused on their internal functions, while after experiencing the paradigm shifts, the organizations are now more focused on the competitive environments around them. They now create potential markets for the future instead of concentrating merely on the current market competition. Organizational Paradigm and Strategic Management Process From the time period of 1960s and to date, the corporate environment has altered and been modified to a large extent. Various driving forces such as increasing innovation in telecommunications, enhancing employee diversity, boosted public consciousness and globalization have made the organizations more socially responsible. Thus, they have adopted a ‘new paradigm’ whereby they are more flexible, sensitive, and adaptable to the expectations and demands of stakeholders. Therefore, in order to integrate the new shifts into their business processes and activities, the organizations have blended the paradigm shi fts into their strategic management process (Hailin, 2009). The business organizations that are strategically managed tend to analyse the significant initiatives which are adopted by the top management and which involve the performance and resources in the external business environments. The entire process of strategic management entails formulating and implementing a mission, vision, objectives, the development of plans and policies, resource allocations and programs and projects in the organization. Unlike the conventional planning processes, the contemporary organizations now plan and develop their mission, vision and objectives keeping in view the application of information technology resources, analysis of the external and internal corporate