According to societaI beliefs, an organization's most valuable asset is its employees. This is a statement so simple, yet often misinterptreted. However, contrary to popular belief and given the shifting dynamics of the modern workplace, it comes as no surprise that employees yield less influence in the decision-making processes of a business. It must be borne in mind, that employees constitute a critical link of any business and should subsequently be given the opporunity to develop. The essence of establishing a business is "the bottom line," or in simplistic terms, to make a profit. As the 1976 Nobel Prize winner for Economics, Milton Friedman, once put it – "The social responsibility of business is to increase its profits." (Friedman). Though many may blatanly disagree with this statement, there exists an element of truth – substantial evidence exists in the operations of most businesses. However, given the shifting ideals of the modern marketplace, there is increasing belief that businesses have a seperate but equal responsibility to its stakeholders, more specifically to its employees in this context. "The chance to grow" or "opportunity" comes in several different forms. Within the modern workplace, there exists various opportunities for employees to be nutured in a condusive environment. Such opportunities range from employee learning opportunities to career development (which encompasses training and mentoring), with each possessing unique benefits for both employers and employees. Employers should continually seek effective methods in improving employee morale in general, which also translates to increased production and subsequently, higher profits. The provision of learning oportunities is a classic example of su... ... middle of paper ... ...organization's employees. Based on the above analysis, one can clearly conclude that several factors are of great significance in seeking beneficial opportunities for employees. Employees constitute the core (backbone) of an organization. Ultimately, employers and employees should work in collaboration to create the best working environment possible, for the success of both employees and the organization as a whole. Works Cited Author unknown. "Employee Growth and Development." APA Center for Organizational Excellence. American Psychological Association, n.d. Web. 21 May 2014. Friedman, Milton. "The Social Responsibility of Business Is to Increase Its Profits." McGraw-Hill. The McGraw-Hill Companies, n.d. Web. 19 May 2014. Rennekamp, Roger A, et al. "Professional Growth: A Guide for Professional Development." University of Kentucky, n.d. Web. 21 May 2014.
Colorado State University-Global Campus. (2013). Module 7 – Labor Relations [Blackboard ecourse]. In MGT 570 – Managing Human Resources (pp. 1-5). Greenwood Village, CO: Author.
Bibliography:.. Works Cited Friedman, Milton. A. The Social Responsibility of Business Is to Increase Profit. N.P. Santayana, George.
Taking the time to reflect on one’s career can increase self-awareness and enhance professional development. A career development plan is a confidential and integral document created by an individual which outlines the activities undertaken during their life journey. Therefore, a professional development plan documents one's goals and skills required to accomplish dreams and is influenced by internal and external factors. Hence, a professional development plan is reminiscent of ones’ past experiences and a glance at the future. Having a professional development plan in place is critical for graduate students in nursing because it enables one to keep track of their progression. My primary purpose in writing this developmental
“There is only one and only one social responsibility of business- to use its resources and engage in activities designated to increase its profits so long as it decides to stays within the rules of the game, which is to say, engages in open and free competition without deception or fraud.”
Professional development is a subject about understanding and using those effectively from my prospective. Besides it enhances a vital skill called “critically thinking”. Since the course started my expectations were always at the higher level. After the long run with my team and my teacher, I personally believe that I have successfully met my expectations from this course.
Milton Friedman presents a compelling argument in “The Social Responsibility of Business is to Increase Profits” by arguing that businesses need to focus only on increasing their profits and integrating social responsibility will only hurt them as a company. Since “only people can have responsibilities” (Friedman 52), Friedman argues that businesses as a whole do not have any type of real responsibilities because there is not a singular person for these responsibilities to fall on. Corporate executives are people as well and may feel they have social responsibilities to society but these “are the social responsibilities of individuals, not of business” (51). In terms of corporations, the businessmen are the ones that hold the responsibility of the company. Friedman argues that the only responsibility these managers hold is to those who own the corporation, the shareholders. If the individuals themselves want to contribute to social responsibility they must do it with their own money in their personal lives, but they should not use social responsibility in
The article “The Social Responsibility of Business is to Increase its Profits” is written by a famous economist Milton Friedman. Friedman in this article implies that shareholders are the main drivers of the corporations and he believes that it is to them corporations must be socially responsible to. The goal of any corporation is to maximize profits and return the portion of these profits to shareholders for investing in the corporation. The shareholders can themselves decide which social causes to take part in rather than assigning a corporate executive to decide on their behalf. Friedman argues that a corporation must have no social responsibility to society because its only concern is the increase profits for itself and its shareholders.
For every company employees group is the most important stakeholder group. If a company has happy employees their customers will be doubly pleased.
According to (Collin et al 2012), CPD is a diverse and multifaceted subject because all formal and informal learning and development within and outside their work place can be termed as CPD. Similarly, APM 2008 classified CPD activities in project management into (i) Formal CPD activities and (ii) Informal CPD activities; some of which are summarized in table 1 below:
Effective Professional Development Effective professional development is intensive enough to allow people to develop new knowledge and skills (Cook, 1997). When entering into a professional development workshop, there are components that would allow you to believe you’re in the workplace as well as in a training environment. Professional development instructors believe that "professional development enriches teaching and improves learning for all students. It is an essential link to higher student achievement" (Cook, 1997). Workshops help teachers gain support in the classroom to enable them to succeed.
Professional development is critical to success in a teacher’s career. Teachers need to be opened to continuing their education and consistently reflecting on lessons and interactions with students. At the expert stage of teaching, “the teacher’s practice is characterized by fluency, automaticity, and efficiency” (Garmston,1998). In order to achieve this level of teaching practice, the educator must continue to learn new teaching strategies, understand the curriculum, recognize students and their differences, and conduct self-reflections. A teacher who is dedicated to professional development and wanting to improve their teaching, will make a stronger impact on students. I believe that I am in the Proficient level of performance according to the Framework for Professional Teaching Practices (Danielson, 1996).
The goal of nearly every company or organization is to motivate those involved towards a unified vision and or goal. When an organization is able to identify the major individual variables that influence work behavior, they can offer an atmosphere that is healthy. Typically, all organizations experience the direct relationship between job satisfaction, and performance. In an effort to maximize the performance of staff within a system it is important to develop an optimal interpersonal chemistry. In order to be most effective, leaders in an organization must have a clear understanding of their employees,
Based on the inquiry of empowering professional development, many findings come into play. At times we feel as though professional development is worthless and a waste of time. Gusky also, addresses that at times why so many professional developments are inadequate. There are reasons why we feel that way and reasons of which we should not have if we were actually getting something out the workshops. A common goal must first be set in the mind of the participants thus leading to the building of professionalism of the school system. In this review we will look at some aids and guides to successful professional development.
Lewis, Clive (2007) Human resource management international digest. Bradford: 2007. Vol 15, Iss.4: pg. 3.
Professional development, in its most simple definition, is learning opportunities. Under professional development, individuals are open to a wide array of these opportunities in order to gain knowledge and improve. The learning opportunities that make up professional development take up many forms. Conferences that aim to teach new skills and methods, formal pieces of academic material, training methods provided by an external or internal organizations are all learning opportunities through which professional development is attained. Professional development is a continuous process, that requires adapting to new techniques and approaches to improve a person’s technical capabilities.