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Assignment Contemporary Issues in Management

   

Added on  2020-05-28

16 Pages3611 Words212 Views
Running head: CONTEMPORARY ISSUES FOR MANAGEMENTContemporary Issues for ManagementName of the StudentName of the UniversityAuthor Note

1CONTEMPORARY ISSUES FOR MANAGEMENTExecutive Summary The main aim of this business report is to highlight the issues of management of business ethicsand workplace diversity management. The organization that is considered for the assessment isPetroleum Development Oman (PDO), which is the country's leading company for crude oilproduction and natural gas supply. The organization is owned by Government of Oman, RoyalDutch Shell, Total and Partex and operates their business to other nation. The concernedorganization developed a Diversity and Inclusion team to maintain the business ethics andincluded everyone in formulating the business ethical standard like employees, shareholders,stakeholders and community. In order to meet the requirement of globalization, inclusion ofdiverse workforce is considered to be an important aspect. However, the concerned organizationincluded a small number of people from other community. The problem that is identified to bearise is the poor communication among the employees, ineffective establishment of interpersonalrelations, lack of employee participation and poor productivity.

2CONTEMPORARY ISSUES FOR MANAGEMENTTable of Contents1.0 Introduction..........................................................................................................................32.0 Discussion of business ethics management.........................................................................42.1 Strategies that companies utilizes for managing business ethics.........................................42.2 Cultural and leadership role and strategy of an organization to maintain business ethics. .52.2.1 Setting standards of ethical behaviors..............................................................................52.2.2 Managing stakeholder’s relations.....................................................................................62.2.3 Assessing ethical performance.........................................................................................73.0 Discussion of diversity management program....................................................................83.1 Diversity management program..........................................................................................83.2 Issues in managing employee diversity...............................................................................94.0 Conclusion.........................................................................................................................114.1 Conclusion.........................................................................................................................114.2 Recommendations..............................................................................................................124.2.1 Formulate a more diverse management team.................................................................124.2.2 Developing organizational policies in all languages......................................................124.2.3 Set reward to follow all the ethical consideration..........................................................135.0 Reference List....................................................................................................................14

3CONTEMPORARY ISSUES FOR MANAGEMENT1.0 Introduction This report considered the organization, Petroleum Development Oman (PDO), which isthe country's leading company for crude oil production and natural gas supply (Pdo.co.om 2018).The government of Oman owns 60% of the PDO and the rest of the part of the organization isobtained 34% by Royal Dutch Shell, 4% by Total and 2% by Partex (Pdo.co.om 2018). Theconcerned organization has 130 producing oil fields, 8,000 active wells and 14 producing gasfield (Pdo.co.om 2018). The organization employed a total of 8500 diversified workforce whichcomprised of people from 64 different nationalities (Pdo.co.om 2018). PDO have to manage thislarge diversified workforce so that all of them can collaboratively work for obtaining theorganizational objectives. Petroleum Development Oman (PDO) give equal chances to men andwomen based on their skills as a result, out of the 8500 employee, more than 1,000 employeesare women and 4 women also get the opportunity to perform the role of member of theManaging Director’s Committee (MDC) (Pdo.co.om 2018). The organization also has Diversityand Inclusion (D&I) team that is controlled by the Managing Directors and six members of theManaging Director’s Committee that maintains the aspect of diversity in the workplace. In this business report, the strategies for managing the business ethics will be highlightedfrom the perspective of the considered organization that is Petroleum Development Oman(PDO). The cultural and leadership role in the company will be assessed that addressed thecomponents of setting standard of ethical behavior, managing stakeholder’s relations andassessment of ethical performance. These aspects are also supported with relevant examples.Moreover, the diversity management program of the PDO will also be demonstrated followedwith evaluation of basic issues of managing diversified employees. These findings of the

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