Discuss about the Business Ethics National Mosco The Luxury.
For better execution of business and have a plethora of advantages in the corporate world, National Mosco-The Luxury Collection is entitled to have a clear modus operandi in its operations. It has to make the decision covering the entire corporation that is through observing of the standardized business ethics technique to avoid issues in the firm. Moreover, the tradition applied is crucial since most people are interested in places in which they are assured of a discipline of maximum order. Being a five-star hotel, it is only through a useful framework for executing orders which can guarantee this hotel of more profits and the sustainability in the corporate world. Besides, Ermasova, Wagner & Nguyen, (2017), reiterates that the hospitality market is fast growing with a large number of people investing in it consequently steering up heavy competition in which if one fails to perform has it is expected, one may face massive losses. Therefore, it is incumbent for this business to foster a good working framework for the people, environment, and the practices for it to achieve the maximum in trading. The resultant will enable them to create internal values and external recognition.
National Mosco-The Luxury Collection presents a well-structured standard through which individuals who are the clients of the hotel and the employees are catered for thus upholding their wellbeing. According to this hotel, workplace health and safety, talent sustainability and talent education and awareness are taken seriously. Consequently, the presence of quality stuff and booming business all year round is not a problem to them (Jennings, 2014). According to workplace health and safety, this luxury hotel ensures that the employees’ safety performance is adhered to at all times. The employees are equipped with the necessary clothing and the tools for operations. They are given working uniform which made in such a manner that it does not subject them to hazards such has fire and so forth. The cleaners are provided with gumboots, gloves, and masks which are disinfected every time so as to prevent contamination (Rendtorff, 2017). Nonetheless, they have been registered with the national labor of Russia to oversee on their standards concerning retirement benefits, house allowance, workplace risk, and medical allowances. These privileges make them respect their work and ensure that quality is upheld. It is not easy for any other company to adhere to the rules and the regulations of the labor market due to the stringent measures in which they have in place. Most of them are quite strict because the welfare of a human is mandatory and very tedious and demanding. According to the employees interviewed, they affirmed that they contend with the services they receive from their employer (Hoffman, Frederick & Schwartz, 2014). According to most of them, the past working conditions were not fulfilling since one was subjected to a lot of duties with little time to rest. However, after several coordination and meetings with their representatives and their employer, they started receiving quality services. Conversely, the profitability margin of the business improved since the employees were happy and thus improvement of their activities.
Talent sustainability is another area in which National Mosco-The Luxury Collection has steadily grown among the people. They have made this through factors such has recruitment, training and development, national talent and empowerment, retention and national mission and values. On the hiring, this hotel employs many workers due to its large size. It is prudent to underscore that in their process of offering employment, they are only concerned with the academic qualification of the individual without considering the race or background of a person. According to Hartman et al., (2014), it is important to understand that Russia is made up of people from diverse races across the world and thus employing people from all races gives this corporation an added advantage in their work. Besides, they frequently retain students on attachment to work for them. This Issue helps in promoting the talents of young people who are interested in working in hospitality industry. It is estimated that more that hundreds of students are admitted for their post-attachment in this company and most cases, 25% are retained as permanent staff in the enterprise. Apart from that, National Mosco-The Luxury Collection is number one in the hospitality industry in offering training and development to their employees and the community as a whole (Hisrich & Ramadani, 2017). Their halls are always full of people from the community, more so young generation who are interested in making money. They receive training based on their interests. They at times source talented student from the community and sponsor them especially from humble homes. This statement clearly gives one an overview of how this hotel is slowly helping in uplifting the community and thus providing hope for the families who are being reigned upon by poverty levels in the world. Their national missions and the values are also one area in which they have worked into ensuring it succeeds. For instance, they work towards promoting a sustainable economy for the employees and the community. According to the report, this is underway since the mechanism in place such has employment and the national talents outline this important undertaking.
Apart from the two, skill education and awareness is another key area in which this prowess Institute offers. One of the major functional units in this is the strategic leadership education to the masses. They provide training to its top management on how to run the business efficiently so as to increase the yields at the same time in a healthy manner (Nicholls & Hair, 2016). They provide facilitation from experts from different part of the world to provide the service not only to their employees but also to the society. During such missions, the employees are given the opportunity of engagement so that they can unleash their potentiality. As a result, the creation of a plethora of qualified management in the company is enhanced. Additionally, the corporate social responsibility is emphasized and promoted by this hotel. They have constructed several health amenities for the community thus reducing the suffering among those who cannot afford to purchase medications from private hospitals. Likewise, they have built and equipped some learning institutions in the rural areas of Russia. Therefore, ensuring education is received by all students across the country. The sewerage system within its location and the neighboring community is one of the most admirable (Weiss, 2014). The company through it engineers have ensured that the problems encountered in the past due to poor sewerage system are no longer experienced. Finally, they provide clean water and dumping materials to the nearby schools, homesteads and the health facilities
National Mosco-The Luxury Collection has a very efficient way through which it ensures that the environment remains tidy. One of the major ways through which they enhance this is by being submissive to the environmental standards and assessment. According to their archives, one realizes that they have been awarded several certificates showing that they adhere to the standards provided by the National Environmental Management Authority (NEMA). In a nutshell, DesJardins & McCall, (2014), outlines that this company does not breach business laws and thus it is ethically upright. At the same, they have been in the forefront in spearheading of the municipality working standards towards a clean and sustainable city. Moreover, energy management practices exercised in this company is amazing. They have employed the use of green energy in their operations. The board of the directorate decided that it was important for them to apply the utilization of the organic type of energy so as to reduce environmental degradation. For instance, they manufacture their electricity by use of waste products and human refuse. Consequently, this will help in reducing the amount of trash being disposed into the surrounding and thus safeguarding Gaia from depletion of the ozone layer. Furthermore, their windows are fitted with insulation panels so as to trap enough heat from the sun. For that reason, the usage of electricity all the time is reduced (Halinen & Jokela, 2016). They also rate the consumption of their electricity so as to provide a framework through which they can come up with a guideline on how to reduce its consumption. Water usage is also one of the practices in which this restaurant has devised to reduce wastage. One of the leading ethical practices is by comparing its usage by backdating on the accounts concerning water payments. This way will help them in initiating the best way possible of conserving this important type of commodity. More so, they have a framework through which their employees and the community are taught the proper ways to which water usage is minimized.
Heritage building sustainability is also embraced upon by National Mosco-The Luxury Collection. This hotel was built in early 19th-century, and it has remained beautiful over the years as a five-star hotel. It remains has the historic five-star hotel whose design and décor is incomparable in Russia up to date. It has suites adorned with authentic and scarce Russian architecture which is very compelling to the customers. It has had a rare Russian antiques such has statutes and painting, vases, mirrors and lamps portraying undying culture Grosser et al., (2014). This serves as a lesson to different generations on the significance of maintaining the culture to be used as a learning material for the upcoming stages. The fact that this corporation has never been compelled to change its sculpture into the modern one shows that it values integrity, an imperative aspect in human anatomy. This maintenance of the historical sustainable hotel is essential since culture is predominant and one ought to preserve it. From the figure 1.1.2, one can have a different point of view of the building since it only portrays historical phenomena in shape, sculpture and design (Wilson, 2017). Therefore, it is one’s duty to maintain so that the norms may always be sustained. The materials used in the building of this hotel are gold and diamond and fitted with traditional porcelain so as to provide an exceptional beauty which can be sustained for a long duration. According to the research carried, it depicted that the suppliers to the hotel are certified. It came into one’s knowledge that they are taken through a vigorous exercise to check whether they are compliant with the norms before being given the opportunity to trade with the firm. Therefore, ensuring safety is maintained in the company in all areas regarding food, detergents and so forth (Beschorner & Hajduk, 2017). This company has adhered to the rules and the regulation pertaining business ethics. For instance, the stakeholders are taken care of as expected. The employees and the suppliers are paid on time. More so, the community is respected since the wastes materials are disposed of responsibly, they initiate education and sanitation for the wellbeing of the surroundings.
This part is also very necessary in trying to evaluate the submission of the National Mosco-The Luxury Collection to business ethics rules and regulations. Foremost, the current marketing situation in Russia is pivotal to understand so as to scrutinize the performance of this hotel in an authentic manner (Crane & Matten, 2016). Russia is ranked as the fifth country in the world in tourism business and the nine positions in cultural tourism making it one of the most preferred travel places in the world. In this part, one will delve upon PESTEL and SWOT technique in evaluating business ethics and trends respectively in this business.
Russia is endowed with a good security which is favorable for trading activities. This gives the corporation the impetus to carry out their business without fear. Likewise, the trading policies are not harsh since one is expected have trading licenses and few legal compliance certificate before commencing the business thus favoring traders such as National Mosco-The Luxury Collection (Shaw, 2016). The trading policies are within the limit, and it is simple for this Endeavour since it has been in the market for a length of time.
Trading in Russia is quite easy since their interests rates from the bank are within the limits of the business holders. The exchange rates are not a big problem since Russia is classified among the five most economic stable giants in the world (Sehitoglu, Ross & Köseoglu, 2017). Therefore, the chances of losses in businesses are seldom. Its economic growth is massive given that it is among the best imports and export markets in the world.
Russia is very populated country due to the impulse of people travelling in and outside the country. They experience an influx of tourists each year thus trading is profitable (Baumane-V?toli?a et al., 2017). Moreover, it is made up of learned population necessitating broad qualified employees in enterprises. It also has good social amenities such as schools and health centers which are crucial for a sustainable nation. The majority of its population is young people who are considered energetic in running the economy.
Russia has embraced modern technology, and that is why it is the super power country in the world (Bowie, 2017). Therefore, goods and services are delivered using the advanced technology which eases trading activities between the consumers and the buyers.
According to Chell et al., (2016), Russia is considered one of the most ethical countries. The hotel in our case is thus entitled to source its products ethically from the surroundings. For instance, cases of corruption are minimal and thus giving room for free and fair bidding for tenders. Such practices give people an aspiration to do trading activities leading to a wide range of qualified personnel in the trading field.
The consumers are not exploited through sub-standardized products due to the stringent measures put in place by the government (Weiss, 2017). Their health and safety are safeguarded by ensuring traders adhere to set laws.
Apart from PESTEL, one will delve upon SWOT analysis so as to outline the trends in the National Mosco-The Luxury Collection.
This hotel has a large number of customers who visits the hotel on a regular basis and thus their profitability margin is always maintained. Likewise, the CSR practiced has enabled it to create a full spectrum of a qualified workforce.
The constant change in management due to upcoming hospitality businesses as a result of better wages elsewhere has caused it to slow at a given point (Grant, Arjoon & McGhee, 2016). This problem has led to poor services to the customers and thus disappointment leading to reduced number of consumers around.
This hotel serves as a historical monument for the Russians, and thus people all over the world visits it regularly; therefore, facing competition from the new and upcoming five-star hotels is impossible (Ferrell & Fraedrich, 2015). It is also used in holding government meetings as a result of its great nature reminding Russians of the culture in an explicit manner.
The growing hospitality industry within the heart of Mosco with the same taste copied from National Mosco-The Luxury Collection has proved futile to this company. Most clients are diverting their attention to such causing a massive blow to this Endeavour.
National Mosco-The Luxury Collection applies the business ethics and conceptual theory in running its business activities. According to business ethics theory advanced by Beadle, (2017), all corporations are subject to a clear modus operandi of operating the revenue-generating project. It further explicates that the firm should follow the correct guideline of employing, tendering, and ensuring that corporate social responsibility is followed. On the other hand, conceptual theory dictates that the business enterprise should be subjected to a smooth coordination within its range. By so, they must have an excellent integration with its employees and the stakeholders.
Conclusion
According to the report, one finds that this hotel follows the business ethics to the latter. Other business organizations should be encouraged to follow the proper example in which National Mosco-The Luxury Collection has shown in the hospitality industry. In spite of being old, it has shown a good example to the general public on matters to do with exercising healthy commercial activities. The building itself is a true reflection on how one should embrace upon traditional sculpture so as to reconstruct our ethical standards in the world.
During our research, one realized that there was some broken old porcelain in the building. Therefore, it is incumbent for them to replace with new ones since finding such material elsewhere in the world is possible. Secondly, one realized that their cooking techniques despite being ethical, they are too outdated as a result of tradition. They should embrace modern styles so as to uphold and appreciate technology. Thirdly, the place is full of traditional material which according to my opinion, they should construct a museum citing they have a large compound around. This new business within will increase the number of visitors. Fourthly, some employees are not courteous, and thus the company should take and initiative of improving on that matter. Finally, the remunerations offered are unethical given that their business is quite profitable. It is necessary for them to adjust the payment of their workers so as to avoid frequent leaving for better pastures.
Reference
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