Business scandals are events that occur within a company or organization and involve unethical or illegal behavior that harms the company or its stakeholders. These scandals can have a wide range of impacts, including financial losses, damage to reputation, legal consequences, and negative effects on employees and customers.
In recent years, there have been several high-profile business scandals that have garnered significant attention from the media and the public. These scandals have involved a wide range of industries, including finance, technology, and healthcare.
One notable example of a current business scandal is the ongoing controversy surrounding the video game company Activision Blizzard. In 2021, the company faced backlash from players and the gaming community for banning a professional gamer for expressing support for the Hong Kong protests on social media. Many people saw the ban as an attempt to censor political speech and accused the company of prioritizing its business interests in China over its commitment to free expression.
Another example is the financial scandal involving the credit card company Wells Fargo. In 2016, it was discovered that the company had opened millions of unauthorized bank accounts and credit card accounts in its customers' names without their knowledge or consent. This fraudulent behavior resulted in significant financial losses for the company and its customers, and led to regulatory fines and legal consequences.
The healthcare industry has also been plagued by business scandals in recent years. For example, the pharmaceutical company Purdue Pharma, maker of the opioid painkiller OxyContin, has been accused of contributing to the opioid epidemic by aggressively marketing the drug and downplaying its risks. The company has faced numerous lawsuits and legal actions as a result of these allegations.
These business scandals illustrate the negative consequences that can arise from unethical or illegal behavior within a company. They also highlight the importance of corporate responsibility and the need for companies to prioritize the well-being of their stakeholders over their own profits.
What is Manpower Planning?
Human resource department has to prepare a forecast for the requirement of human resources based in those documents. Industry Attractiveness: Some industries like IT, Retail have been able to attract more talent because they have become relatively more attractive because of their growth prospective, their practices, and their offerings, etc. Cohort analysis involves the drawing of the graphs based on leaving pattern of the Cohort group. Training and onboarding lays the groundwork for a strong foundation for new team members to feel as though they are a part of a community that supports them. A method to measure this wastage is labour turnover rate. And with The best way to improve Along with contact information, an integrated CRM can show you details such as order history and billing information. Some new offices will be created, some others will be abolished.
Money: Personal finance news, advice & information
He cannot implement the decisions. Due to redundancy, an organization can lose some of its vital employees. Scheduling requires immense technical knowledge, the sequential order of construction activities, accurate logical relation between the activities and resources required for each activity. For this purpose, certain techniques such as managerial judgement, ratio-trend analysis, and Delphi technique can be used. It was derived from other models used in a variety of organizations.
Business
With this software, users can easily create and edit BOMs along with keep track of all previous changes. To assess or forecast skill needs for future. Any change in business objectives would certainly affect the manpower planning. Change in project scope could be due to poor initial project scope definition, miscalculation of inherent risks and uncertainties, project funding issues, change in the interest of the client or force majeure, etc. There have been others who are strong string to attract manpower.
Manpower Planning: Meaning, Concept, Importance, Process & Limitations
Type and Quality of Forecasting Information: The information used to forecast personnel needs originates from a multitude of sources. Changes in economic conditions, marketing conditions technology and labour force conditions tend to make long-range forecasts unreliable. Josh Green - April 8, 2021 Awesome article, thank you for sharing this. To formulate transfer and succession policies. The demand for the product itself is affected by many factors such as the degree of competition faced by the organisation, likes and dislikes of the customers, state of the economy, policies of the Government in respect of imports and exports, etc. NetSuite ERP enables organizations to manage IT costs, optimize accounting efficiency, streamline order management and procurement processes, eliminate manually- intensive spreadsheet-based reporting, and improve employee productivity. ADVERTISEMENTS: Also, the management team should plan effective ways for the staff to perform their tasks in an organized manner as this would enable the human resources of the organization to attain good results.
