Question.
Retention of workers has been the main topic of interest in the media during 2020. Some organizations have come under scrutiny for inappropriate practices in terms of how staff were managed and protected during the COVID-19 event. In the past year there have been many reports in respected media outlets such as The Australian, Financial Review, The Guardian, Sydney Morning Herald, Courier Mail and other media outlets about the fact that some major retail and hospitality chains, have not complied with PPE requirements or supported staff as best they could financially and in terms of well-being throughout a difficult year. You are to select 2 organizations (one could be the organization for which you work) and source 3 articles or reports for each to illustrate best and worst practice as they navigated 2020 and COVID-19. Use the information to answer the questions below:
(a) In the case of each organization what were the circumstances that led to claims of lack of support of staff? 4 Marks
(b) Define Job keeper. What impact (if any) did Job keeper have on staff retention and well-being during this period for each organization?
(c) In relation to the principles of business sustainability performance select three of these principles (for each organization) which appear not to have been followed during 2020 and justify your answer with examples?
(d) In terms of business sustainability theories, in particular stakeholder theory:
List 4 key stakeholders of each organization and discuss why they might be interested in publicity surrounding the organizations failure to manage staff interests correctly.
(e) Discuss two ethical philosophies or theories that are relevant to business decision making and discuss how they have been applied in the organizations you have chosen as it managed its way through 2020. (max 300 words)
6 marks
(f) As a manager, and as a result of the readings and reports you have consulted to answer this question, what 4 points would you emphasize as you reflect on learning from an unusual year in 2020.
Note: You must correctly reference or attach the articles you use to answer the questions.
Question 2
A. 1. Define the terms ethical practice and corporate governance. Describe how they are related? 3 marks
2. Provide and describe an example of where lack of correct ethical practice has led to poor corporate governance with implications for performance of an organization in recent years.
