Hyundai communication in business Essay
Haunted communication In business This report contains our recommendations with regards to compliance with principle eight which states “businesses should undertake initiatives to promote greater environmental responsibility” and principle ten which states “businesses should work against corruption in all its forms, including extortion and bribery. ” We believe these two terms are of great importance In Australia, so both of them should be emphasized in the local network.
Haunted has long been a strong proponent of the Global Compact since 2008. We, together with other participators, are pursuing for the best working practices for our engagement in the local network. In the past four years, Haunted promoted the UN values and complied with the ten principles concerning with Its products, services, employees and all other behaviors. Instead of being a simply advocate, Haunted combines corporate social responsibility with its own business principles in a proactive participation.
At Haunted we have engaged In many types of social responsibility activities, and successfully handled issues that are material to our commercial performance, through continuous Improvement ranging from environment to anta-corruption within which we operate. We have been devoting ourselves to mainstream the ten principles all over the world and to support broader UN goals. The
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Our long great efforts assure us that we are well placed to make recommendations to the local network. These recommendations, we believe, with proper adjustment can be applied by all members of our local network, The two recommendations are as follows A: Supporting beneficial foundations to improve local environment; B: Building corruption-prevention systems; Haunted holds a strong belief that all companies should integrate corporate social responsibility into their worldwide business.
We understand the relationship between our operations and the economy, environment, and the communities. Haunted knows its families, the stakeholders, the customers and others. It tends the gardens and cares the land it walks on (Haunted, 2006). Under the influence of its sense of CARS, Haunted has long been seeking for ways to meet or even exceed the ethical, legal, commercial and public expectations from the society. In 2006, the Haunted Motor India Foundation (HEMI) was formed.
The aim of this foundation is to “address the needs and expectations of the India people and to support fields of Health care, Educational and Vocational Training, Environment, Road Safety, the arts, Science and Technology and many more” (Haunted 2006) The HEMI has organized volunteer programs that focused on education and creativity, sponsored students with lower economic backgrounds, and offered medical assistances to the remotest villages.
All these programs and sponsorship benefited the local communities and Our success with HEMI reminds us that we are in a strong position to make a commendation that more foundations be built by members of our local network to improve environment. This foundation, though a partial reflection of Handmaid’s attitude toward CARS, is actually inspirational experience in improving environment. Haunted recognizes that sustainability is a pre-requisite for success (Haunted 2006). A foundation is an incubator of not only one idea, but a collection of many more ideas. The world can be changed even by a small difference in thinking that departs from established paradigms. New ideas are the engine that propels us into the true” (Haunted 2010) By supporting an entire foundation rather than a single charity project, the local network is able to produce more sustainable progresses and promoting public contribution activities to more areas. “In acting to serve the community through chairing a social benefit and in cultivating the reputation to be an honest and fair company, these entrepreneurs anticipate the positive role they play in society and rise to play that role completely. Owner & Payne, 2002) We believe that the local network should give frameworks and guidelines to help companies build such foundations. Moreover, annual reports should be published to communicate progresses to the public. Another recommendation is that a corruption-prevention system be built to prevent any possible corruptive acts. This is a lesson learned by Haunted from its past mistakes. Also in the year of 2006, two Haunted top executives were detained in a slush fund scandal. This challenged Handmaid’s stand in anti-corruption.
Haunted issued a public apology and offered one billion dollars to charity to (Haunted apologies for graft, donates billion dollars accessed 28/4/2012). Haunted was doing TTS best to offset the negative effect of that scandal and make amends for the entire market. At Haunted, we believe amends are enough to help Haunted get rid of all future corruptive incidents. We have devoted ourselves to a symmetric prevention project. This project gives clear guidelines regarding corruptive signs and acts.
We also alert our managers and workers by taking such incidents into performance appraisal. Business ethics is always the part over which the public cast the most doubt. “Business is perceived as a separate ethical zone to the concerns of private life or eider society’ (McFarland, 1995). But clearly corruption is not an inevitable commercial problem. Some companies that are involved in corruptions focus so much on performance and profit that they fail to take the moral criterion which is to choose between right and wrong into consider. Diet there appears to be much cynicism concerning corporate, and government, ethical standards in the advanced capitalist economies” (Scott, 2007). However, not all companies involved in such scandals fail to take corporate citizenship seriously. Even Haunted, as a trustworthy ally of the World Business Council for Sustainable Development and a tacit supporter of the Global Compact, failed to meet its obligation in anti-corruption.
Because little attention is paid to the initiation of such corruptive acts and no company rules are managerial will in curbing corruption. So, it is strongly recommended that this kind of systems be widely built in various companies to set moral benchmark and guidelines, which is actually a way to integrate the anti-corruption sense in the business culture and to build a system that defines and highlights the corruption problem within a yester. Companies will be more cautious and take serious steps to any corruption- related signs.
The design of corruption-prevention system can also have positive influence in the society. Companies with such systems are less possible to be involved in serious corruption scandals, so they will enjoy better reputations than those who pay little attention on anti-corruption. These companies are preferred by stockholders and clients, so both their stocks and products are popular in the market. This will spur more companies to build similar systems, thus encourages compliance with the Global Compact.
Scott (2007) points out in his article that the corporate social responsibility can fetter the profitability, but in Haunted, where the corporate citizenship is now an integrated part of financial performance, we see corporate social responsibility profit-related. We have benefited the stakeholders and also been a big beneficiary of our own effort. We will continue with our commitment, share our premium value with more people and focusing on satisfaction of the customers. We believe our recommendations which are valuable experience and lessons we learn from the past, once applied, can deliver nothing but the very best to the public.