Let’s focus on those smoke stacks for a minute. This report is based upon a critical evaluation of British Airways in response to a matter in contemporary issues in business. The marketing field always seems to be undergoing change, especially now that accessibility to the Web is available to just about anyone with an Internet connection and a browser. While most organizations recognize the importance of going green, many are still struggling to successfully evolve their organization’s behavior to meet sustainability goals. This can be extremely beneficial in creating healthy working relationships and developing a stronger team. This can have an impact on morale. I have chosen the definition of partnerships of 2008, guide to successful Corporate-NGO Partnerships. A 2010 study of the effects telecommuting had on non-telecommuters revealed some interesting findings. All three generations place a huge value on family. Changes in society impact how organizations operate. When organizing a business, you have to balance the need for formal structures with the requirement that the business might have to quickly respond to changes in the marketplace. So far, telecommuting sounds great! contemporary issues definition in English dictionary, contemporary issues meaning, synonyms, see also 'cotemporary',contemporarily',contrary',contemporaneity'. the-definition.com All Rights Reserved. CONTEMPORARY ISSUES IN BUSINESS ETHICS, 6E also takes time to look at ethics from the unique perspectives of either employee or employer. It possesses roots in a broader environment or society. In addition, telecommuting allows companies to hire from a larger pool of candidates which gives them the ability to be more selective in the skill sets and personalities of their employees. ... no one can tell how our well-meaning … There are currently over 4.3 million employees that work from home, at least half of the time. Do you think that companies during the Industrial Revolution cared about their carbon footprint? This can be beneficial for many people, providing them a continuous connection to their workplace or it could be damaging to work-life balance. Let’s break down each one and examine some similarities and differences! It is obvious that telecommuting is changing the way employees interact with their peers and supervisors. First, let’s discuss the positive impact telecommuting has on organizational behavior. Since the managers and employees are not housed in the same building, managers cannot stop by their office to see first-hand how they are doing. This is solution of Contemporary Issues in Travel and Tourism Assignment given in UK College of Business and Computing. Constant turnover or changes in staffing may create a challenging work environment and make it difficult to maintain effective employee relationships. Contemporary Issues and Challenges in Marketing Environment Worldwide: 10.4018/978-1-5225-7180-3.ch002: Investigating contemporary issues in specific scientific areas is a continuing concern within understanding underlying conditions and decision making. People who telecommute are oftentimes self-motivated and efficient as they do not have the typical distractions of a traditional workplace environment. This becomes a challenge because organizations need to rethink how they will manage telecommuters. By the word 'contemporary' means belonging to the same period of time or of the present time. However, outsourcing, without a doubt, has an impact on a company’s organizational behavior. Along the way, readers also learn about such topics as ethical relativism, ethics and the law, virtue ethics, and ethical decision-making. You've decided to take a nap and when you awake, you realize that it's now 2015. While it is important to understand the history of organizational behavior, it is equally important to understand how contemporary issues affect organizational behavior. Telecommuting can also save companies a lot of money by limiting the amount of office space and supplies needed to operate their business. In the There are the following contemporary issues of businesses: The Situation of Uncertainty All human beings especially the business professionals find discomfort themselves due to the situation of uncertainty. Others, however, would disagree and argue that technology is detrimental to human interactions and negatively impacts relationships. Obviously the answer depends on the situation and circumstances of each company. More importantly, learning about generational differences may provide helpful insight into how your coworkers operate. Change towards sustainability starts with the organizational level but is executed at the individual and group level. You may have heard of modern terms like sustainability, going green, carbon footprint, or triple bottom line. Hiring too many freelancers (or outsourcing too many positions) can make uniformity extremely challenging. While some differences may be caused by opposing beliefs, other differences may be something a little less obvious. The world around is a continuously transforming place and the issues, which have an effect on the travel and tourism industry differ from place to place and on day to day basis (Poon, 1993). It’s easy to set a goal to become more sustainable. Maybe rows and rows of employees with their heads down, working away on the task at hand. Contemporary approaches to leadership include transformational leadership, leader-member exchange, servant leadership, and authentic leadership. This means business owners and management must deal from one period to the next with inflation -- or even, rarely, deflation -- and periods of recession, high levels of unemployment and other economic factors. However, there are some challenges to managing telecommuters. It means that the person who is involved in contemporary management should be aware of the recent variations of the management … Let’s look at a simple example of how to implement sustainability. Telecommuting is a work arrangement which allows employees to work remotely, often from home, while completing their tasks. Changing company procedures or practices used to be completed in house, but with outsourcing they now have a much lengthier modification process. While these may not have been important questions back in the day, they are critical in today’s society, as climate change becomes an ever-present issue. Definition (1): By the word 'contemporary' means belonging to the same period of time or of the present time. Synonym Discussion of contemporary. Contemporary definition, existing, occurring, or living at the same time; belonging to the same time: Newton's discovery of the calculus was contemporary with that of Leibniz. It becomes more complicated to create a plan to reach the goal of sustainability. Let’s move on to learn about other contemporary issues in organizational behavior! And, Contemporary business refers to the circumstances and ideas of the present time in a business environment. For the rest of this module will discuss current challenges within the workforce and how they impact organizations on an individual, group, and organizational level. “Perception is reality” has become … The goal of minimizing paper usage would be a thing of the past. Close your eyes and try to picture yourself walking around during the Industrial Revolution. Since technology pl… Instead, they need to rely on other electronic methods to ensure their team is meeting deadlines. If you read through the comments, you can see Starbucks replying to concerns about not having a straw option, letting customers know that there will be straws available for those who need them but that the straws will be made of alternative materials. Harassment and discrimination are arguably the largest ethical issues that impact business owners today. Introduction. Being self-motivated is a huge key to success for telecommuters. Should harassment or discrimination take place in the workplace, the result could be catastrophic for your organization both financially and reputationally. October 2018; In book: Contemporary Issues in Business Management (pp.130-156 and 250-268.) Every business needs to be aware of the anti-discrimination laws and regulations that exist to protect employees from unjust treatment. In addition, the telecommuter population has grown 11.7% over the last year, which is the largest yearly growth since 2008. Without a doubt, technology has changed the face of modern society and the organizations within it. Sometimes, there are special projects that require an outside perspective or expertise. Contemporary Issues in Business Management. Equal Employment Opportun… Although you may view these differences as quirky things your Aunt Susie or Grandma Betty say or do, there may actually be reasons they act a certain way. As you can see, with forethought and a clearly defined and executed plan, telecommuting can be extremely beneficial to organizations. The "contemporary" indicate the relation to the present and up-to-date trends in the sphere of management. Sometimes family reunions are accompanied by a lot of drama and differing opinions. Contemporary Issues in Business 1050 Words | 4 Pages. This study provides a general overview of contemporary business ethics research of the last 10 years (1997–2006) and discusses potential future research directions in business ethics based on the overview. This can create an organization where some employees telecommute all the time, others telecommute part of the time, and the remainder work from the office all the time. Traditionally, business ethics played an important part in the development of business because companies were and still are extremely concerned with their reputation and public image of their brand because the deterioration of the brand image or the formation of a negative attitude of customers to a brand would and will inevitably lead to the overall deterioration of the marketing perfo… One contemporary leadership trend, in particular, is transformational leadership. Since technology plays a prominent role in organizations, it impacts organizational behavior. Young, old, or somewhere in the middle, most people do not enjoy change. Many would claim that technology makes life easier, allowing people access to information at the drop of a hat. — Starbucks Coffee (@Starbucks) July 9, 2018. The transformational leadership approach highlights the importance of leader charisma, inspirational motivation, intellectual stimulation, and individualized consideration as methods of influence. Within seconds, people on opposites ends of the world can “meet” through emails, phone calls, video conferences, etc. If we think about the ethical issues that face managers in contemporary business, we really are looking at some broad topics that, once again, … The organization accepts resource inputs like materials, men, money, machinery, and information, and transforms them into expected outputs. Modern businessmen can hardly underestimate the importance of business ethics in the contemporary business environment. Uncertainty in the global economy, uncertainty in the credit markets, uncertainty in how new regulations will affect business, uncertainty about what competitors are doing, and uncertainty about how new technology will affect the business—these are just the start of a never-ending list. It would need to become a part of the company’s culture through consistent training, purposeful discussions, and regular evaluations. Do you think their customers and local citizens would demand better environmental practices if they knew the impact of pollution? The appeal of increasing profit margins can oftentimes outweigh the value put on hiring American workers. If they did, do you think they would care enough to change their practices? ... art and cultural events, to cloud technology and business transformation. Since then, technology innovation has accelerated and now plays a huge role in day-to-day life. Companies use freelancers for a variety of reasons. Telecommuting has many benefits and also presents a number of challenges. Companies in the United States outsource for a variety of services including but not limited to call centers, information technology (IT), human resources, and manufacturing. Unauthorized duplication, in whole or in part of content of this website is strictly prohibited. This term denotes the modern techniques to administrating people in business organizations, government bodies, or non-profit organizations. Pay close attention as you will see some, if not all, of these issues in your own workplace! GEMI, and EDF. Generational differences can include lifestyle differences, motivational differences, etc. Even company employees whose jobs are not directly impacted by outsourcing may be affected. Your clothes are now considered vastly outdated, along with your taste in music. The Model Business Corporation Act At Sixty Volume 74, Number 2 (Spring 2011) ... Distributional Issues in Health Care. Did You Know? Paper usage would need to become a common topic of conversation. Keeping jobs within the United States is a big concern for many Americans whom argue the importance of employing citizens before hiring outside of the country. To better understand how telecommuting impacts organizational behavior, let’s learn more about how it works. Is outsourcing good or bad for an organization? Regardless of your personal opinions and preferences, getting to know your coworkers and how they operate is extremely beneficial to all three levels of influence. More difficult still is the ability of an organization to follow-through and instill the plan within their culture. In theory, it sounds like a great idea, but what’s the best way to make it happen? The report will first identify the issues to British Airways and then evaluations on how British Airways is dealing the issue by the means of using academic research critically. For starters, outsourcing can save companies a lot of money. Let's take a closer look at some of the contemporary challenges that organizations face tod… Proper citation formating styles of this definition for your bibliography. There are, however, some key things organizations can do to help limit these issues. Let’s move on and discuss how telecommuting both challenges and improves organizational behavior. Contemporary Issues in Management discusses how the late professor Sumantra Ghoshal, of London Business School, suggested that the economic theory that now underpins much of management has been a major cause of business corruption. Other companies frequently use freelancers in order to keep their full time employee count low and to incorporate a variety of backgrounds and experiences. Macroeconomics is a part of economic analysis that focuses on the understanding of economic issues at the aggregated level. The forces, actors, events, or players inherent in the mentioned two classifications are also studied. While companies may control the outsourcing process, they give up partial control by hiring a third party. Since then, technology innovation has accelerated and now plays a huge role in day-to-day life. Telecommuters are often happier in their jobs and are therefore more motivated to perform on a higher level. Perception: We know it’s “reality” yet we still don’t manage it well. Traditional Vs. Modern technology has connected every corner of the world. See more. The Industrial Revolution was just that, revolutionary. First, non-telecommuters were frustrated with telecommuters. Developed By TOS, When most investors refer to the term ‘market”, they mean, All products cannot be made the same way: the nature of the product, The product or service is marketed in many ways on the Internet, Whenever one person influences an individual or group toward, Most actions that help a firm increase the price of its stock, Definition of the Business environment, both Internal and External with their Components, Uses of market measures and Stock Market Concept, How to maximize stock price and also benefit society. Identify the reasons for china's rapid growth and briefly discuss the impact of growth on organisation. While many organizations are in agreement that sustainability is important, few have found a way to successfully implement sustainable practices. You may picture managers in early 1900s clothing, observing their employees from an observation deck as they work. Humans tend to bias the analysis of situations based on their previous experiences and back-ground. Then, the groups and individuals within the company need to change their daily behaviors to meet the goal. It is the ability to successfully perform tasks in the present, while also doing what is necessary to protect the future. However, regardless of your feelings or opinions towards outsourcing, one thing is certain: outsourcing impacts organizational behavior. If they cannot find a productive place to work, telecommuters may become easily distracted and not meet their deadlines. Telecommuting also cuts back on daily interactions with other employees. Were your grandparents there? Now, what happens if no one reiterates the goal/plan? One contemporary issue facing organizations today is telecommuting. A contemporary business environment maximizes the potential of a business, and fully utilizing the resources, in an effort to make the company Read More More about Contemporary Issues in Business Sustainability is a balancing act. It is extremely important for organizations that offer telecommuting to establish clear and concise policies and procedures for their telecommuters. The Industrial Revolution was just that, revolutionary. Definition (2): Contemporary business is also known as a modern business. With cell phones, emails, and video conferencing, people are readily available at any time of day or night. First, the company needs to implement a company-wide goal to reduce paper usage. Contemporary Business Issues – Special NAAS Edition Editor’s Forward I would like to thank all who volunteered to serve as reviewers, particularly those who actually participated in reviewing the articles submitted for publication in the current issue. This has the potential to create a toxic work environment and have a negative impact on productivity. If you want to fully understand this business and its environment, you can take the business organization as a subsystem functioning in a macro-system or supra-system. And, Contemporary business refers to the circumstances and ideas of the present time in a business environment. Organizational behavior needs to change on all three levels in order to be successful. Keeping company standards and/or products consistent with high quality may prove to be difficult when there are too many cooks in the kitchen. What do you see? While there are a number of benefits to using freelancers, there are some challenges that accompany them. Contemporary business and its environment also take into account a business’s micro and macro environment. Finally, another popular practice in today’s organizations is having employees that telecommute only part-time. The business organization functions with the environment with the help of input and output interfaces. Most importantly, they need to explain the plan for how to achieve this goal. This is a controversial topic in today’s business world. Sustainability in regards to the environment includes reducing your carbon footprint and changing operations to be more environmentally friendly. Maybe your parents, nieces, or uncles? These policies and procedures need to include accessibility expectations, communication requirements, mandatory technology capabilities, etc. Examples of Contemporary Issues in the Marketing Field. How to use contemporary in a sentence. Keep in mind, these are generalizations and there are exceptions within each generation. These terms play an important role in modern society and sustainability specifically, is becoming common practice as consumers are becoming more aware of the impact companies have on the environment. In order to be successful, the three levels of influence must work together. Think about your most recent family gathering. This has the potential to lead to frustration and disconnect. Starbucks is the first store that comes to mind when people think about national coffee shop chains—after all, there are over 13,000 locations in the United States alone. Again, it highlights the 3 primary elements of all organizational systems. Companies that choose to practice sustainability face many challenges. Telecommuting allows people to work from anywhere, anytime. Technology allows organizations to be in constant communication. Contemporary definition: Contemporary things are modern and relate to the present time. Some even grew to be envious towards the telecommuters’ working arrangement. The follow-through of the plan is equally as important as the goal itself. Outsourcing is a hot button topic in America. What did conversations around the dinner table sound like? Learn more. The U.S. Economic issues continually challenge businesses to adapt and change to meet current conditions. 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As frequently, and information, and video conferencing is common practice today some. While it is extremely important for a minute arguably the largest yearly growth since 2008 higher awareness of concerns! Perform tasks in the mentioned two classifications are also studied lot of drama and differing.! Within a macro-system meeting deadlines negative impact on our environment the groups and individuals within the needs. The company ’ s organizations is having employees that telecommute only part-time and. Hiring external assets to provide services to help perform job functions typically done internal... That telecommuting is a part of economic issues at the drop of a hat of leader charisma, inspirational,! Workplace, the telecommuter population has grown 11.7 % over the last year, which is the of...