No doubt, the first idea is profit. But investment preference should additionally confederate environmental as well as amicable measure which can have the poignant stroke upon monetary performance. But do managers consider about these alternative dimension? Are they versed with the right apparatus kits to get report about amicable as well as environmental aspects?
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Not all managers consider all the issues you mentioned in their business decisions. However there is a discipline called Corporate Social Responsibility (CSR). CSR insists that companies should view issues such as environment, anti-corruption, labour issues, customer relations and other social factors critical to profitability. It also creates a yardstick for measuring companies which meets up with the set criterias of socially responsible companies.
Management training and development programs have always played an important role in multinational companies in updating managers’ knowledge of new corporate policies and techniques, and providing information on new structures of local and international markets.
Although global in nature, the corporate culture and business needs of the host country predominate many management training programs. The national culture of the country from which the company originates also has an influence.
These programs are beneficial for all managers, especially local national managers who work in subsidiaries in host countries and face different cultures and markets in making decisions
Management training programs that focus on cultural features must be modified to account for special circumstances of managers who differ in personal profile and training needs