Discuss about the Business Approaches to Combating Bribery.
The Commonwealth Bank Chief executive officer was the one interview in the case. He is called Ian Mark Narev and has worked in both Australia and Canada. The interview happened through internationationl telephone communication call whose contact was extracted from the online platform. It was conducted on 10th of October .2017 900hr. Mr. Ian has conducted very senior positions in the two countries as a managing director of the company. The business expanded to Canada due to an expansion in the market.Hence, the urge to set the business at a global level hence developing the business into a multi-international business (Power & Rhett., 2014). The business also targeted at ensuring that many employment opportunities had been set in different countries to resolve the problem of unemployment. The director had more work experience with skills such as good communication and information technology skills. The interview further reveals that the director always stayed focused and organized on the projects at hand in the company while working realizing success in both Australian and Canadian branch (Peter & Drucker., 2006). The responsibilities that were assigned to him as a manager includes:
The director carried out planning programs that helped the firm to run so that at the end of the process, success was realized. Projects that the organization had to complete within a specific timeframe were well highlighted by the director. Leaders in the regard can trace real-time problems before damage is done(Anderson & Albert., 2009).
Scheduling also was another responsibility Mr. Ian as the chief executive officer of the organization. In the regard, He ensured that all logistics were done appropriately and timely s which was a big boost in realizing the dreams he had for the company.
Coordination of the resources was a crucial responsibility done by the CEO of the company. He ensured that employees were working accordingly, in good relations and therefore conducive environment for working. He ensured that both internal and international resources were in perfect conditions(Mettler & Rohner, 2009).
Meeting datelines and time management was paramount to the CEO of the organization. Through the conversation, the CEO emphasized that as a leader in both countries, meeting deadlines was primary responsibility and he ensured that realized timely(Drucker & Peter., 2000).
The CEO has significant experience in international operations, trade, and relations. Furthermore, the CEO has had experience for over ten years in Australia holding profound positions as the executing officer and therefore was fit for the position due to the experience he had and therefore could deliver as expected of him (Madden & Bartley., 2014).
In both countries, the labor programs are working to ensure that the welfare of employees is adhered to strictly. The CEO further revealed that as an organization, they work closely with provincial and territorial governments, unions, employer international partners together with other interested stakeholders to ensure that fairness, safety, and productive working environments are created for the employees (Zickar & Highhouse, 2001).
Basing on the analysis conducted by the CEO on the corporate codes of conduct in the two countries, it revealed that the two have a similar economic development and standard of living. There are only slight variations brought about by the state of living of the employees due to variation in culture and history. The two despite having a similar history of being the former colony of British; members of the commonwealth, their values, and cultures of the employees differs. The ethics are emanated from globalization, and it is due to globalization and code of ethics in the two countries which have enhanced business activities. Institutional factors brought about variation in codes of conducts of employees in the two countries hence bringing about a difference in the rate of growth (Gordon & Miyake., 2001).
The two countries have both strong economies. The CEO further gave a revelation that they are amongst the wealthiest nations worldwide. The factor, therefore, encouraged the business to grow rapidly and therefore market shortage was not a problem in the two countries. Studies further reveal that the two economies are characterized with the service-driven system in businesses which has encouraged the growth of the company. The company is one of the service industries in these two countries; this was a plus to both of them (James & Patrick., 2008).
When it comes to the customers of the business, according to the CEO, Canada’s market comes from the United States of America, The United Kingdom, China, European Union, Israel, and Germany. Australia market is mainly from countries such as Japan, China, India and South Korea. In addition, the CEO revealed that the employment rate is high in both the two countries such that Canada registered a 93% while Australia has a rate of 94%. Both countries have a stable gross domestic product; the two governments subjected the company to low rates as charges hence facilitating the operation of the company. Improved infrastructure is also another factor that has facilitated the operation of the company in two countries at ease.
Canada has an advantage over Australia in terms of the strategic position of the country to the USA that has facilitated cheap export of goods. Therefore CEO revealed that carrying out sales in Canada was relatively cheap as compared to Canada.
Australia and Canada currently have a stable political system encouraging the operation of the business. Good leadership by the government in both cases has provided conducive environments for business activities. The two furthermore, have an effective system of government that gives multinationals with the safer business environment. The CEO further revealed that the two countries are developed, with open diverse and competitive market which to a great extent encouraged foreign business activities. Strong Political ties with other nations have boosted their political standards hence good for business activities (Robert & Jackiee, 2010).
In leadership perspectives, men are more empowered in Australia; they occupy the majority of positions; be it organizations or in government.In Canada, women are more empowered; conversation revealed that majority of the positions are occupied by ladies. The countries having colonized by the same colonial county which Britain, they have therefore similar form of administration together with the way charges are paid to the government is required by the organization and therefore working in the two countries in managerial position is an easy task , slight adjustments are only needed (Penrith: Deborah., 2008).
The two countries utilize Westminster system of government. They, therefore, have a similar system of administration. There are further similarities and differences in terms of atmosphere well in the states which have a direct impact on the operation of businesses in such environments. For instance, in both countries, there are two larger parties which have kept on wrestling for power. These automatically have created tensions and therefore unfavorable for the operation of the business organization. Business will only operate well where political neutrality is sustained. In this case, In Canada political Wrangles have existed between Liberal and conservative parties. In Australia, Liberal and labor parties are also at war (Daly, 2003).
Conclusions
In summary, the operation of the business in both Canada and Australia as the CEO revealed in the interview show that it was a success in both. Stable environmental conditions supported by customers availability, stable political environments, good social environments and even well-experienced managers are some of the key factors that have ensured that business in the two environments is a success (Wotruba & Chonko., 2001). Despite few challenges faced, it is evidenced that keen analysis of the environment and employee relations are also additional factors that ensured that business in the two countries operated accordingly. Knowledge is key in running organization despite the changes in the environment, with knowledge there is always a way out in most cases. The strictly regulatory measure is the main reasons as to why the operation of the business in two countries was achieved (Wood, 2000).
References
Anderson, & Albert. (2009). Tracing real-time problem. New York: Collins.
Daly, M. (2003). The ROUGH Guide To Australia. Melbourne: rough guided limited.
Drucker, & Peter. (2000). Managing Oneself. Harvard: Harvard business review.
Gordon, K., & Miyake. (2001). Business approaches to combating bribery.A study of codes of conducts. Journal business of ethics, 34, 161-173.
James, & Patrick. (2008). Canadian studies in the Millenium. Toronto: University of Toronto Press.
Madden, & Bartlty. (2014). Reconstructing your worldview. Vienna: Business informative conference.
Mettler, T., & Rohner, P. (2009). Performance Management: There laws of management. Vienna: International business information.
Penrith: Deborah. (2008). Live and work in Australia. Melbourne: Crimson publishing.
Peter, F., & Drucker. (2006). The effective executive. New York: Collins.
Power, & Rhett. (2014). If you cant manage your life, you cant manage people. NewYork: Collins.
Robert, C., & Jackiee, D. (2010). A dictionary of Australian Politics, Allen and Unwins. Melbourne: Cows Nest.
Wood, G. (2000). A CROSS-CULTURAL COMPARISON OF CONCEPT OF CODES OF ETHICS. Journal of business, 287-298.
Wotruba, T., & Chonko. (2001). Impact of Ethics on Code of Familiarity. Journal of business ethics, 59-69.
Zickar, J., & Highhouse, S. (2001). Measuring of the prestige of journals in industrial-organizational psychology. New York: Collins.
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