Analyzing Organizational Ethics and Competitive Positioning

In: Business and Management

Submitted By TedB2013
Words 494
Pages 2
Ted Barrett
MGT 532
15 July 2013

Analyzing the Relationship between Organizational Ethics and Competitive Positioning

In today’s highly competitive domestic and international marketplace, companies face three major competitive challenges: global, sustainability, and technological. In order to meet these competitive challenges, companies must develop practices in several areas including; managing the human resource environment, acquiring and preparing human resources, assessment and development of human resources, and compensating human resources. These four areas are referred to as HRM (human resource management) practice areas. Of the four HRM practice areas, the most significant contributor undoubtedly has to be managing the human resource environment. Noe, Hollenbeck, Gerhart, and Wright (2013) define this to “… include managing the internal and external environmental factors that allow employees to make the greatest possible contributions to company productivity and competitiveness. These include linking HRM practices to company business objectives, ensuring compliance with all federal, state, local, and international laws” (p. 58). Lastly, a final component of this practice area involves the development of work which consequently motivates and satisfies employees, enhances customer service, quality, and overall productivity. At hand are two major resulting factors which have a direct and significant impact upon corporate competitiveness under this type of HRM practice: ethical/legal implications and company growth. Ethical responsibilities are prioritized under this type of HRM practice. This doesn’t stop only with compliance to federal, state, local, and/or international law, this also includes a greater emphasis on “doing the right thing”, and a greater sense of corporate morality. Take Enron as a prime example of…...

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