Okay great!
Thanks!!
Had another question:
• ethical and socially responsible management of change.
I can't seem to find anything to do with that in my textbook/notes
Can you please expand a bit on that?
Ethical and Socially Responsible management refers to an organisation exhibiting actions that are morally correct and do not pose a threat to the community. By acting responsibly, it can allow the organisation to improve their productivity. For example; If the operations system is safe and provides employees with equal opportunity, it will be classified as ethical which will improve staff satisfaction. By fulfilling the staffs expectations, it will be reflected in their interactions with customers which will lead to financial success.
An example of ESM in an LSO is Westpac bank. Between the years of 2005-07, Westpac had successfully influenced 280,000 customers into changing to paperless bank statements, thus reducing the use of trees, improving global resource sustainability. Also, all of their branch cars are hybrid vehicles, which in turn allows Westpac employees to reduce their carbon emissions while driving between branches.
These two actions are prime examples of socially responsible management.
Hope that helped