The telecommunications industry and other United States manufacturing sectors have been severely challenged by continuously competitive market place. The future of telecommunication and the manufacturing of goods is truly at risk. With consumers demanding more for less, high infrastructure costs and outsourcing most can barely keep up. Deregulation, digitalization of services have made telecommunications one of the most volatile growth industries in history and one of the more extraordinarily competitive.
The inspiration of outsourcing has been a round for years but there are many challenges that still remain. Competitive pressures, increasingly rapid pace of technology, dwindling product life cycles and stockholder concerns have forced more companies to streamline operations globally. On the contrary, union workers struggle to keep pace with a changing mark place that strongly supports outsourcing. This phenomenon has led to many issues within manufacturing for United States (US) organizations including but not limited to massive job loss. (Neblett 2004)
While many manufacturers have reduced the quantity of jobs, many are also turning to unconventional measures as a means to preserve as many jobs as possible. Some organizations are reducing the benefits of worker while others are delaying salary increases and decreasing hours. When business does recover these moves can lead to a substantial pay off. Behlen Manufacturing Co., a metal fabricator, avoided massive downsizing by reducing factory worker’s hours and solicited salaried employees to take a 10% pay cut, The Wall Street Journal recently reported. When orders increased late last year, the firm was able to restore hours and wage levels, and moved to meet the demand with its experienced workforce undamaged. When the economy does revitalize, companies that have eliminated a generous quantities of laborers may be unable to respond quickly enough to meet the over-whelming demand, consequently leading to lost sales and decreased market share. If possible, the job eliminations should be avoided; however the layoff is not the only area of concern. As noted by John Di Frances, a Wales, WI-based management consultant, substantial layoffs carry concealed costs that are never fully known. Declining morale and disrupted customer relations among those costs frustrate the remaining employees who often can not absorb the responsibilities of their departed coworkers. The result is that workers create short cuts wherever possible contributing to more quality complaints and product robustness concerns (Iversen 2005).
Through beliefs and values a code of ethics forms the building blocks of organizational behavior with an organization.
A code of ethics is essential in today business world, and customers honestly base a company’s reputation on these bases. Simply defined a code of ethics is a set of core values designed to help professionals manage a business that is honest and possess integrity. For example, a code of ethics document should highlight the mission and the values of a business. As well as, illustrate how professionals should approach issues, the ethical principles based on the company’s core values, and caliber to which the professionals are held. It is highly critical that a company like the Cheesecake Factory withholds an ethical and socially responsive code of conduct.
In recessions of the past the American worker was laid off with the impression they would be rehired as soon as demand for goods and services were presented again. Now people in jobs from computer programmers to telephone operators are losing their jobs and never returning to the same field again. The big issue here is that if we continue outsourcing specific jobs overseas we could erase a whole industry of job opportunity from the American people. Economists say the framework of the U.S. labor force has been changed due to past outsourcing of jobs by this country. The more outsourcing that continues the more our job force’s structure will change. As a result, the American worker can no longer wait to be rehired into the same job or profession. Using their time while unemployed, Americans are retraining themselves and attempt to step into an entirely different career.
The U.S. industries have been outsourcing manufacturing for several decades now. U.S. companies thought they were reducing costs by outsourcing development, manufacturing, and process-engineering abilities. Consequently, U.S. corporations’ knowledge, skilled workers, and supply chain, which are the necessities to producing advanced products, have vanished. For example, almost all notebook computers, cell phones, and handheld devices, which were once created in the U.S., are now designed in Asia. When a major U.S. company outsource, it pressures their rivals to do the same thing. They also lose the expertise of process engineering, which would interact with manufacturing on a daily basis. Minor companies and skilled workers go to where the jobs and knowledge networks are no matter where they are geographically in the world. This decline of trade in the U.S. has caused a negative chain reaction to their suppliers of sophisticated materials, tools, production equipment, and components. U.S. industries do not have a way of coming up with new ideas for the next generation of high-tech products...
Ethics are the principles and values used by an individual to govern his or her actions and decisions and it is very important in an organization. The code of ethics within an organization must be developed to help guide the organization in its decisions, programs, and policies. Having an ethical organizational culture that consists of leaders and employees adhering to ethical standards can guide leaders in determining organizational procedures and outline acceptable behavior among staff. Ethical leaders can also help employees meet standards of good quality work, accomplish organizational goals, adhere to policies and rules within the organization, and enhances the organization reputation within the community.
Outsourcing is when a company or business decides to contract part of their services that they do not do well to an outside company. There is two types of outsourcing offshoring and nearshoring. Offshoring is where a company outsources abroad and, nearshoring is outsourcing within the home country. The reasons that a company decides to outsource varies from company to company but, the most common ones are cost reduction, increasing globalization, growth , tax incentives, government support and access to new markets. However there are some key challenges that come with offshoring and those key challenges are quality and labor retention. ( Bacon, 2007 p 38-39). Asian outsourcing began as early as the 1960’s (Espana 2013 p 3). Some people argue that offshoring is good for the economy even though it’s a well know fact that offshoring has a negative effect on the economy, there is wage differences and the unemployment rate increase.
In light of recent growth of domestic and foreign countries outsourcing and off shoring over seas, companies been taken advantage of the cheap labor cost for outsourcing and off shoring manufacturing. Competitive business investing in domestic and foreign manufacturing have affects every part of the business industries from design, software development, finances and logistic management, i.e., customer and sales. Nevertheless, outsourcing been praised by businesses for outcomes of cost-effectiveness, efficient, productive and strategic, but damned as malicious, because of companies’ greediness, detrimental, and brutal in the public eyes.
For a company to be successful ethically, it must go beyond the notion of simple legal compliance and adopt a values-based organizational culture. A corporate code of ethics can be a very valuable and integral part of a company’s culture but I believe that it is not strong enough to stand alone. Thought and care must go into constructing the code of ethics and the implementation of it. Companies need to infuse ethics and integrity throughout their corporate culture as well as into their definition of success. To be successfully ethical, companies must go beyond the notion of simple legal compliance and adopt a values-based organizational culture.
A code of ethics is written in order to help members of an organisation behave in an acceptable way within their given organisation. At the same time a code of ethics can help improve the popularity of the company due to the fact that it will be seen more favourable in the eyes of the public and of course the people that work in it. In addition, it will increase confidence within an organisation by showing to their rivals and the public that they are committed to following ethical guidelines. Firstly, a code of ethics is similar to the ACAS code of practice that is used in the government, however a code of ethics is strictly applied to the parameters of an organisation or ...
In this following report I will discuss the phone industry and analysed it in great detail. I will analysis the market structure and try and understand why the mobile industry falls to heavily oligopoly structure. I will highlight all the structures, however I will discuss in detail how, for example Vodafone can be incorporated in the porter’s five forces method to show how the mobile industry has devolved over the years and to understand if consumers are driven by the actual technology of the phone but if it driven more by style.
Ethics are the principles and value an organization use to govern their activities and decisions. Code of ethics is a set of principles that guide its programs, policies, and decisions. An ethical philosophy is what organizations use to conduct business, this can affect the reputation, productivity and the company financially.
There are many different industries in today’s corporate world. Perhaps, the most vital component in the corporate structure is its Codes of Ethics. Business Ethic or can be known as the Code of Ethics is a form of codes within the corporate world which it uses the Ethics and applies it to the entire philosophies of this corporate structure. In today’s day and age, most corporate structures use the Code of Ethics applies to the social atmosphere rather than the financial side.
For example, when a company is growing, American workers may be repositioned within the same company to take on new tasks, but if the company is not growing those workers will most likely be laid off. The president of the Information Technology Association of America, Harris Miller quoted “Americans must face the ‘hard truth’ that offshore companies not only offer information technology services for a fraction of the cost, [but they can] compete for increasingly more sophisticated and complex IT work…. The silver lining of this wage pressure is that a more competitive payroll picture may undercut [U. S. employer] need to move jobs offshore.” While no one knows the long-term effects will be for downward wage pressure, we know the overall deterioration of wages are real and can be very substantial for the American workers (Hira, 2008). These companies continue to cut the benefits of the American workers, in which they are driven by global competition. Fewer new companies are willing to pay pensions while older companies are have been threatening to stop paying pension plans. Therefore, the pension systems are on the verge of bankruptcy. If the economy is so efficient, then why are American workers paranoid about what the future holds (Hira,
Ethics and values are essential and important in every aspect; in our daily personal and professional lives. To begin with, what is ethics? Ethics are a set of rules or values based on the morality of what is good and bad. Having ethics and values is what keeps our society less chaotic. I believe the code of ethics is necessary in the criminal justice system because the main purpose of the professionals within this field is to make sure that they treat citizens with respect and dignity. Code of ethics is a document that summaries the mission and values of a business or organization. It also summaries how professionals are supposed to carry themselves, approach problems and the principles to which the professional is held.
Telecommunications gained mainstream attention in the early 90’s; however the initial key market was business men and women, who used their phones whilst being on the move and so allowing them to communicate with their companies with ease. Though in the modern era, telecommunication went through segmentation in the market trends, and now in this day and age it would be difficult to find someone who does not own some form of mobile technology. Many phone providers battle to provide the best service for their customers (Figure 1).
A code of ethics is a formal document in which is used to assist members of an organization, to know what’s ‘right’ and what is ‘wrong’ in the work place and applying it to their decisions. A code of ethics is a written set of rules or guidelines to help the workers and management ‘conduct’ or direct their actions with its primary values and ethical standards. A code of ethics is important because without it, employees and management wouldn’t have guidelines and the establishment would resemble a crazy house. Consider the establishment, Dunkin Donuts. Dunkin Donuts is a food establishment well-known for their famous donuts, coffee and their slogan “America runs on Dunkin”. Without a code of ethics, the industry would most likely be extremely hard to control.