Analysis of Spark NZ's Business Framework, Stakeholders and Ethics
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This report analyzes Spark NZ's business framework, stakeholders, and corporate ethics. It covers the company's mission, vision, history, governance, leadership, core capabilities, competitive edge, stakeholders, and sustainability practices.
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Management 1 Executive Summary This report is focused on an analysis of the global companies based on the business framework, stakeholdersand corporate ethics.To do so, thispaper has analyzedthe telecommunication company Spark NZ which is dedicatedly working for the public of New Zealand. The company grows core mobile as well as IT services for offering extraordinary telecom services in this digital era. The company embraces a wireless future while digitizing the service experience in order to create operational efficiency at a large extent. The selection is valid because this company is highly indulged into ethical and sustainable practices while being environmentally aware telecom company. The chosen company differentiates itself through diversity, multi-brand and inclusion strategies. From the stakeholders and ethics viewpoint, the company is continuously attempting to reduce carbon emissions. In this way, this discussion has successfully analyzed Spark NZ’s business framework with the help of its current business strategies, vision, mission, values and core responsibilities. Additionally, the paper has also discussed stakeholders and professional behaviour of the company. Finally, it has been found that Spark NZ is majorly contributing to NZ communities with the help of their socially diverse as well as the engaged talent within the telecommunications industry.
Management 2 Contents Executive Summary...................................................................................................................1 Organizations in an NZ context.................................................................................................3 Introduction................................................................................................................................3 Background............................................................................................................................3 Business Framework..................................................................................................................3 The mission and vision of the company.................................................................................4 The History.............................................................................................................................4 The Governance.....................................................................................................................4 The purpose of the company..................................................................................................4 Leadership Squad of the company.........................................................................................4 How Spark NZ operates.........................................................................................................5 The agile organizational structure of the company................................................................5 Corporate values of the company...........................................................................................5 Core capabilities and Competitive edge.................................................................................6 Stakeholders and Ethics.............................................................................................................7 Code of Ethics........................................................................................................................7 Accountability....................................................................................................................7 Confidentiality....................................................................................................................7 Behaviours..........................................................................................................................7 Stakeholders...........................................................................................................................7 Sustainability practices...........................................................................................................8 Spark Foundation...............................................................................................................9 Conclusion..................................................................................................................................9 References..................................................................................................................................9
Management 3 Organizations in an NZ context Introduction This report is aimed at analysing the modern business environment into which contemporary business entities operate. To do so, this discussion will scrutinize the nature of the well-known and well-established business entity, their stakeholders along with the risks to assess their ethical behaviour while doing business in New Zealand (NZ). In this context, the report is going to discuss professional as well as ethical behaviour while maintaining relationships with external stakeholders. For doing so, the company selected is Spark NZ, which offers telecommunication services in NZ(Spark NZ, 2019). The company offers mobile telephony, fixed line, wireless network services, and internet. In this context, the report will cover the business framework of the chosen company while including factors like partnership, mission, vision, strategy, and values(Spark NZ Annual Report, 2017). Apart from this, a discussion about the stakeholders and ethics will take place in relation to Spark NZ. At the end of the report, a summary of the whole analysis of business and stakeholders will be provided. Background Spark NZ is one of the leading firms of the communications sector while serving customers in NZ since 1988(Spark NZ Annual Report, 2017). The chosen firm also offers entertainment, communications, and IT services from offline networks as well as the cloud for enabling millions of people residing in NZ along with thousands of NZ businesses for unleashing their utmost potential in the market. Moreover, Spark NZ Limited, along with their subsidiaries, offers telecommunications and ICT (information and communications technology) products and services in NZ. In this way, a detailed analysis of the chosen company will demonstrate a good understanding of the readers(Spark New Zealand, 2011). The company’sSpark Home, Mobile & Business segment provides a wide range of services, data, and voice services all across wireless, fiber, and copper broadband, mobile, online video entertainment to consumer and small business customers as well(Spark NZ, 2019).
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Management 4 Business Framework The Spark NZ is a company which shows life, energy, potential, and creativity while providing telecommunications services to the people of NZ. Moreover, Spark NZ has had an apparent long-term business strategy for transforming this digital age. The company is focused on resetting and stabilizing the business and hence getting fighting fit over cost as well as process efficiencies(Bloomberg, 2019). The business framework of the company suggests that they have re-engineered their legacy IT systems while leading their customer- management abilities.The main reason being focused on the NZ market is that the company can divest non-core assets through overseas business markets or from global businesses which are no longer appropriate for the current era’s digital services strategy(Banks, 2012). The mission and vision of the company The Spark NZ is the leading digital services firm while having a purpose of helping all of the people of NZ to win big within the modern digital world. The company’s success is totally dependent on its customers within a sole market: NZ. This is the reason that company is passionately working with the use of technology to serve their customers in a truly useful way(Linked In, 2019). The company is attempting to help make NZ better as well as enriching the lives of people living in NZ.Their vision is to establish a winning business, which is inspired by consumers, for unleashing the potential within all New Zealanders of the country(Spark NZ Annual Report, 2017). The History The Spark NZ was officially formed on 1stApril 1987 and it has a great history of assisting New Zealanders to win big dating in the 1800s(Linked In, 2019). The Governance As mentioned in the(Spark NZ, 2019), the management and board of the company arehighlycommittedforensuringthattheyaremaintainingaqualitystandardof organizational governance and hence adheres to those high ethical standards set by them (Spark NZ, 2019). The purpose of the company The Company Spark NZ is having a purpose of helping entire NZ win big within the modern digital age(Spark New Zealand, 2011).
Management 5 Leadership Squad of the company The Spark NZ’s leadership squad is highly answerable for taking all of the major decisions which may drive their business forward. Therefore, the company leaders always ensure that their people, as well as operations, are aligned to their business priorities in a well way. Moreover, leadership squad is also responsible for assuring that all business-related activities are aligned to the firm’s strategic pillars while ensuring their business on a track of achieving organizational goals(Shenkar, Luo, & Chi, 2014). How Spark NZ operates The agile organizational structure of the company As we know that globe is evolving fast as well as the technology industry into which telecommunication companies operate hence an updated organizational structure needs to be adopted by the contemporary businesses working in NZ. The structure adopted by the Spark NZ is an agile structure which makes decisions quicker with the help of smaller teams empowered for making the best calls over the products and services of the company. Recently, in the year 2018 Spark NZ has transformed into an agile structure and hence they radically overhauled HR practices. The company is now able to issue new employment contracts by resetting their corporate culture with evolved purpose, values and strategies with the new agile transformation. Corporate values of the company There are some key values of this company which allows the company to grow, work and get success while serving their loyal customers(Hill, 2008).These corporate values help the company to achieve its mission and vision for fulfilling their short-term and long-term purposes effectively(Buckley & Ghauri, 2015). These values are as follows: They connect As per the(Spark NZ, 2019),the connection is the major need because it is situated at the heart of whatever we do. Thus, the company believes in listening to as well as care about their customers, their communities and most importantly each other. Thus, Spark NZ connects with Spark’s purpose and hence acts with the required intent(Bloomberg, 2019). They are bold
Management 6 The company never fear while taking ownership and hence get stuff done within the timelines. They are straight up and hence they make an impact with their corporate values. The company owns the commitment and courage for thinking big, being visionary and delivering good today(Spark NZ, 2019). They succeed together People at the Spark NZ work hard for shaping a better future from the sustainable business model perspective. Thus, they celebrate their success with high humility and learn from their failures in order to grow more(Ferrell & Fraedrich, 2015). The company embraces cultural and other diversity while making their business as well as all of the NZ successful. They empower The chosen company’s culture adopts empower practice for being successful in the long-term.TheyempowertheorganizationalpeopleforservingtheNZcommunities efficiently and effectively. In this context, the company inspires each of its employees for reaching full potential while working at Spark NZ. In addition to that, the company let their people speak up about their beliefs and opinions so as to empower them(Spark NZ, 2019). Core capabilities and Competitive edge Apart from this,the core capabilities of the Spark NZ, which when combined, assist to offer the organization with a competitive edge over other businesses functioning within the same area. In this context, the agile way of working stands the company different from others. As per the information and data, Spark NZ is the first biggest company in NZ which went all in with agile. It has been found that agile working helps global companies innovate as well as deliver their products and services for their customer quickly and efficiently. Hence, this working strategy made the Company Spark NZ form a competitive edge over their competitors. Besides, this strategy or way of working replaced traditional hierarchical control of the company. In this way, the chosen company provides the organization with a competitive edge over other businesses while ensuring that all of their people are empowered and engaged for making a competitive difference in the operating field(Yu, Zhang, & Shafi, 2016). Moreover, from the diversity and inclusion perspective, the company is aspiring for creating a spark into which all people associated with the company will feel respected, valued
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Management 7 and well-treated. The company has created a respectful and collaborative environment for solving the complex issues which the future will inevitably arise(Schaltegger, Burritt, & Peterson, 2017). Stakeholders and Ethics Code of Ethics As explained by(Spark New Zealand, 2011),the telecom company is having a Code of Ethics (COE) framework which sets the general standards for all of the employees of Telecom Corporation of NZ and their subsidiaries as well. The major elements of the COE of the company are as follows: Accountability All organizational people are anticipated to work according to set standards of professional and ethical conduct. From the perspective of professional and ethical behaviour company is following the principle of accountability as per telecom’s values, legal and policy obligations and business goals for enhancing organizational performance outcomes(Barnea & Rubin, 2011). Confidentiality The Company follows the confidentiality ethical practice to an extent that their customers, investor, suppliers, and other stakeholders can easily trust the company for confidential info and communications. Here, confidential info means all that info which is not in the public domain and should be protected as well(Brooks & Dunn, 2011). Behaviours The professional and ethical behaviour of the company Spark NZ can be measured by the actionsaswell as statementsof telecompeople(Cavusgil, Knight, Riesenberger, Rammal, & Rose, 2014). Telecom people include suppliers, customers, employees, and competitors are hugely influenced by the behaviours of any company. Hence, in the context of Spark NZ, it can be said that behaviours are driven by policies and ethical practices so that people choose to deal with the Spark NZ over others(Enterslice, 2017).
Management 8 Stakeholders It is well aware that every company needs to meet the requirements of its key stakeholders to be competitive and successful in their functional field(Goldman, 2012). Here, telecom people of the Spark NZneed to address the needs of shareholders, suppliers, customers, local and central government as well as the industry bodies and commerce commission.In this context, stakeholders of the company are efficiently working and performing their duties so as the company is doing for them(Barnea & Rubin, 2011). Suppliers The Spark NZ identifies that their suppliers are very important for helping them to deliver extraordinary products and services in order to spark customers. The company also regularly updates their page containing supplier code of conduct, purchase terms, and many more things with the revised supplier policies, info, and terms(Spark NZ Annual Report, 2017). Executives and CEO They support the company growth and overall development while contributing their efforts and hard work along with innovative ideas(Spark New Zealand, 2011). Human Resources Team They respond to all alleged breaches of the COE or Human Resources functional policies as well as training or disciplinary act whenever required(Spark New Zealand, 2011). Board of Directors In this context, the Spark Board always ensures the correct strategic direction of the spark with the help of strategic programs while putting them in place and implemented well. Besides, Spark’s Board is an efficient team of talented, diverse and experienced professionals whose objective is to confirm all of the NZ wins big within this advanced digital era(Spark NZ Annual Report, 2017). Investors
Management 9 Like the Spark, New Zealand offers efficient digital services to the millions of thousands of New Zealand businesses and many New Zealanders hence their investors are huge in number and loyal as well(Linked In, 2019). Customers The company is continuously acquiring new customers while also retaining their loyal old customers with the help of their unique organization-public relationship. This relationship strategyofSparkNZincludesfivemajordimensions.Thesefivedimensionsarea commitment, trust, involvement, openness, and investment(Spark NZ, 2019). Sustainability practices The chosen company Spark NZ is highly committed to reducing its impact on the modern earth environment. The company is continuously putting their efforts to become a more sustainable firm by adopting environmentally friendly practices(Ferrell & Fraedrich, 2015). In addition to that, the strategy of diversity and inclusionof the company is creating an inclusive environ where all organizational people feel free to bring their best to work. Moreover, the act of celebrating diversity at the workplace is very helpful for the community people and diverse societies. The company ensures that everyone working with them is able to raise their voice for their beliefs, values, and opinions(Barnea & Rubin, 2011). Spark Foundation Apart from this, the company is running its Spark Foundation which is a charitable organization, supporting the charity events and activities within the NZ communities. The spark foundation comprises activities like Spark My Potential, Givealittle, Payroll giving, Manaiakalani Education Trust and volunteering(Spark NZ Annual Report, 2017). In this way, due to this Spark Foundation, all New Zealanders and Spark people feel passionate to be connected with the firm as their efforts are going into the right direction while serving the whole community. The company also taps in the power of crowdfunding by giving direct economic and financial support to their employees through support employee volunteering(Spark NZ Annual Report, 2017).
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Management 10 Conclusion In whole, this report has successfully assessed the business framework of the chosen company. Besides, the paper has analysed the environment within which business firm functionsforaddressingidentifiedperformance-relatedrisksandissueseffectively. Moreover, with the help of this report an identification of the nature of the chosen business company, their stakeholders, as well as the risks, have been done. Along with this, this report has successfully discussed professional and ethical behavior within relationships with their external stakeholders in the context of Spark NZ. In this way, the importance of the Spark NZ has been evaluated from both internal and external stakeholder’s viewpoints. Finally, the company Spark NZ has been identified as a leading telecom company of NZ while assessing its core capabilities and values. References Banks, S. (2012). Professional integrity, social work and the ethics of distrust.Social Work and Social Sciences Review, 11(2), 20-35. Barnea, A., & Rubin, A. (2011). Corporate social responsibility as a conflict between shareholders.Journal of business ethics, 97(1), 71-86. Bloomberg. (2019).Spark New Zealand Trading Ltd. Retrieved from Bloomberg: https://www.bloomberg.com/profile/company/7722360Z:NZ Brooks, L., & Dunn, P. (2011).Business & professional ethics.London: Cengage Learning. Buckley, P., & Ghauri, P. (2015).International business strategy: theory and practice. London: Routledge. Cavusgil, S., Knight, G., Riesenberger, J., Rammal, H., & Rose, E. (2014).International business.Australia: Pearson. Enterslice. (2017).Introduction and Types of International Business Environment (IBE). Retrieved 12 02, 2018, from https://enterslice.com/learning/international-business- environment-ibe/ Ferrell, O., & Fraedrich, J. (2015).Business ethics: Ethical decision making & cases.UK: Nelson Education. Goldman, E. (2012). Leadership practices that encourage strategic thinking.Journal of Strategy and Management, 5(1), 25-40. Hill, C. (2008). International business: Competing in the global market place.Strategic Direction, 24(9).
Management 11 Linked In. (2019).Spark New Zealand. Retrieved from Linked In: https://in.linkedin.com/company/spark-new-zealand/life?trk=nav_tab_life Schaltegger, S., Burritt, R., & Peterson, H. (2017).An introduction to corporate environmental management: Striving for sustainability.London: Routledge. Shenkar, O., Luo, Y., & Chi, T. (2014).International business.London: Routledge. Spark New Zealand. (2011).Code of Ethics. Retrieved from Spark New Zealand: https://www.spark.co.nz/binarys/code_of_ethics_dec11.pdf Spark NZ. (2019).WELCOME TO SPARK. Retrieved from Spark NZ: https://www.sparknz.co.nz/ Spark NZ Annual Report. (2017).Unleash. Retrieved from Spark NZ Annual Report: https://www.sparknz.co.nz/content/dam/SparkNZ/pdf-documents/SPARK_ESG_Rep ort_2017.pdf Yu, Y., Zhang, J., & Shafi, M. (2016). 3D vs. 2D channel capacity of outdoor to indoor scenarios derived from measurements in China and New Zealand.EUSIPCO IEEE, 1980-1984.