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Reflective Writing Solved Assignment

Added on - 18 Feb 2021

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BUSINESS
TABLE OF CONTENTINTRODUCTION...................................................................................................1MAIN BODY...........................................................................................................11. Business is not just limited to maximizing profits...................................................................13. Integrity in business.................................................................................................................2CONCLUSION........................................................................................................3REFERENCES........................................................................................................4
INTRODUCTIONReflective writing is integration of one’s own experience, idea, feeling and learning over onecertain situation. The assessment is based on two reflective statement where the individual willincorporate own view over business and integration of professional values in an organization.MAIN BODY1. Business is not just limited to maximizing profitsBusiness is management of day to day management operations by developingunderstanding over relevant information and by allowing traceability. As per my leaning andinteraction with different kinds of people I analyzed that most people across globe fells thebusiness is just to maximize returns regardless any there concerns like, environment, social andeconomic impact.As per study ofFriedman, 2007,that I evaluated that business is more about fulfilling ofsocial responsibility towards employees and employers. The focus of enterprise is ondetermining needs and desires of workforce. Further, from the study it is clearly demonstratedthat profit maximizing is a priority for every organization but on the other the entity focuses onserving satisfaction to customers from its services. However, from the article I can clearly statethat profits and management of social responsibility go hand in hand. For instance, my personalresearch over schools and hospitals stated that the firms are offering services at certain price withmotive of earning but at the time same time focus of these individuals is on accomplishingobjectives which is render education and care services which cannot be compromised at any cost.Apart from this, I will highlight example of some leading organization like Tesco, Aldi,Sainsbury, Debenhams, Marks and Spencer, etc. who have strictly complied with practices andguidelines of corporate social responsibility and are leading business operations successfully. Inaddition, maximizing returns is ultimate motive of organization because it keeps business goingbut at the same time the entities have some shared norms, values and customs which are based onethics (Lins, Servaes and Tamayo, 2017). For instance, I feel ethical responsibility oforganization is to manage diverse workforce by coordinating their efforts towards same goalswith the help of incorporation of shared perspective and values of working.In addition, I will share my learning over Tesco which is one of the leading retailer of UKand is focused on reducing impact on the environment (Reducing our impact on theenvironment,2018).From this study I determined that the approach of firm is on recognizing1
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