Discuss about The Introduction of management for Construct Management.
The objective of the assignment is to evaluate all the findings of the selected company in a proper manner. The CSL and Macquarie are the two-selected organization in the study. The study will focus towards comparing and contrasting the all the important aspect of both the organizations. CLS Limited is one of the Australian Medical Company, which mainly deals in many serious, and life saving medical products around the world. On the other hand, Macquarie group is one of the global financial and investment-banking sectors, which is diversified towards providing different kinds of financial services as well as funds management services. The assignment will focus on some of the key factors, which will evaluate the key objectives of the organizations.
CLS is one of the major Australian Organization, which operates its business in the medical sector. The objective of the company is to develop major medical facility in Australia, Germany, Switzerland, the United Kingdom and United States are some of the major countries which this particular organization develops its business proceedings. It is nearly 16000 employees working in more than 30 countries (Csl.com.au, 2016). The objective of the company is to invest towards developing new medical product, which will improve and expand the medical use of the existing products.
Macquarie is one of the global financial organizations, which started its business in the year 1969. Previously, the organization operates its business only in Australia. At present, it is a global business and operates its business operations in 28 major countries of the globe. Macquarie has differentiated itself by focusing on new opportunities. (“Macquarie Group”, 2016) The company invests many funds in different kinds of research as well as development activities, which will focus towards the betterment of different kinds of financial activities.
The selected organizations in the study operate its business in different sector. However based on the objectives of the business there are certain organizational goals and activities, which needs to be analyzed. The objective of CLS is to develop a good organizational platform, which will bring certain positive impacts in the business (Hitt, Black, & Porter, 2012). The popularity of selected organization CLS, is very much in different countries. However, the organization, Macquarie is one of the global financial institutions across 28 countries and with expertise in areas includes resources, agriculture and commodities, energy and infrastructure (“Macquarie Group”, 2016).
The vision and mission of both the company varies from each other. However, there are certain organizational goals and organizational activities which majority of the organization follows in the business operations (Robbins & Coulter, 2012). One of the major vision and mission of both the organizations is to increase the organizational sales and profit.
The mission and vision of CSL is to develop different kinds of research activities will being certain a continuous improvement in all the products. The organization invests a lot of money towards developing a continuous research process. CSL established, and continues to maintain strong as well as long-standing strategic partnership with different kinds of global as institutions (Csl.com.au, 2016). These collaborative partnerships support a range of the innovative research programs in biotechnologies.
The mission and vision of Macquarie is to focus on the key activities, which includes advisory, and capital market, Asset Finance, Financing, Asset Management, Research and Trading and hedging are some of the key activities which this organization performs in the organization. At present, the organization operates its business in 28 major countries and the ultimate objective of the firm is to expand its business operations in more than 28 countries.
Corporate social responsibility is about conducting the business in an ethical manner. The process of contributing to the economic, social and environmental well being of the society will conclude the impact of corporate social responsibility of the organization (Robbins & Coulter, 2012).
The key areas which this particular organization, CSL focus on about researching and developing new as well as important medicines for unmet needs of the society. Ensuring the society that all the developed therapies of the organization are safe and of the best quality. Providing a positive working environment for the people provide is the ultimate objective of the organization.
Unlike different kinds of manufacturing industry the banking, industry does not naturally cause emissions (Gond & Moon, 2012). The banking and the financial institution influence on different kinds of environmental, society and communities with a different lens. The overall CSR model of the banking as the financial institution will focus towards providing economic support to the remote and the backwards sections of different countries.
Sustainability is one of the key challenge which majority of the business organization faces in the operations. There are different steps which majority of the business firms irrespective of its objectives needs to follow in the organizational operations (Robinson, 2012). The sustainability factor of the organization depends of certain global drivers. In order to increase the sustainability factor of the organization some of the common features include increase in industrialization, emerging new and modern technology and most importantly the effects of globalization.
CLS believes towards meeting the needs of the present market wants, without compromising the ability of the future generations. In the era of globalization, the primary job of the organization is to perform an overall environment analysis towards concluding the requirements of the market.
However, the Macquarie believes that meeting the requirements of the customers will conclude towards maintaining the sustainability of the business. In the financial and in the banking sector, the trend of performing different kinds of transactions has changed. Majority of the customers in modern era prefers the notion of the online banking and online transactions. Towards developing a proper sustainability in the business, the organization need to develop proper e based marketing plan.
Stakeholders of the organization might be investors, customers, government employees and partners. The role of the stakeholders contributes one of the significant aspects in the organizational operations. Depending upon the nature of the organization different stakeholders contributes different significant parts.
Stakeholder’s engagement covers the different activities from the provisions of information’s. Some of the key stakeholders of CLS include patient groups, employees, investors, and various academic and scientific communities. Stakeholder’s engagement covers different activities from the provisions of information. CLS includes different mechanisms for stakeholder engagement according to the objectives.
As compared with CLS, Macquarie maintains a strong stakeholder’s background. As it covers a diversified business operations in different major countries of the globe the organization maintains a strong as well as proper stakeholders group. Different kinds of multinational companies are the stakeholders of this particular business firm. Some of the key stakeholders include government, employees and customers. Both of the companies maintain a different business platform.
There are certain parameters, which needs to be fulfilled in order to compare and contrast the objectives of the organization. The ultimate objective of CLS is to organize a proper research and development process, which will include the betterment of the medical products and equipments.
On the other hand, Macquarie develops all the business activities for the betterment of the customer service. In order to fulfill this particular objective the organization invests many funds in the business operations.
There are five important characters, which completes the smart objective analysis. Specific, measurable, achievable, and realistic and timeliness are the key factors, which will conclude the objectives of the organization.
|
|
CLS |
Macquarie |
|
Objectives |
The objective of the company is to develop a research and development process of the medical products and equipments. |
The objective of Macquarie is to improve the overall service. |
|
Specific |
There are certain steps, which are influential for accomplishing these objectives. Therefore, this particular objective can be defined as specific. |
The company needs to develop and focus on the online banking services. Therefore, it is one of the specific objectives. |
|
Measurable |
The progression of the research and development can be measured properly by following certain parameters. |
The objective can be measurable, as the progressions can be measured. |
|
Achievable |
The organization focuses more on improvement of the product quality, which can be achieved through proper research and development. |
The organization focuses on different customer service initiatives, which includes online banking and different kinds of e services. It can be achieved with the proper implementation of technology in the overall service. |
|
Realistic |
All the outputs has some proper benefits, therefore it is realistic. |
The output have a proper benefit, therefore it is realistic. |
|
Timely |
It can be achieved within a specific time in between a time frame of 6 months |
It can be achieved within a year. |
Conclusion
The concluding part of the study will analyze all the crucial factors, which will evaluate both the compare and construct of the selected organizations. The two companies in the organization operate its business in different platforms. However, some of the key characteristics of both the organizations are highlighted by analyzing some specific points. All the important points are analyzing in a proper a proper manner with real facts and findings. The study will evaluate all the factors, which will highlight the objectives of both the companies.
Reference List
Aras, G. & Crowther, D. (2012). Business strategy and sustainability. Bingley, U.K.: Emerald.
Cabezas, H. & Diwekar, U. (2012). Sustainability. Sharjah: Bentham Science Publishers.
Coombs, W. & Holladay, S. (2012). Managing corporate social responsibility. Malden, MA: Wiley-Blackwell.
Csl.com.au,. (2016). CSL Limited is a global biotherapy industry leader.. Csl.com.au. Retrieved 9 August 2016, from https://www.csl.com.au/home
Daft, R. (2012). Management. Australia: South-Western.
Gond, J. & Moon, J. (2012). Corporate social responsibility. London: Routledge.
Hitt, M., Black, S., & Porter, L. (2012). Management. Upper Saddle River, N.J.: Pearson Prentice Hall.
Macquarie Group. (2016). Macquarie.com. Retrieved 9 August 2016, from https://www.macquarie.com/in/corporate
Robbins, S. & Coulter, M. (2012). Management. Boston: Prentice Hall.
Robinson, Z. (2012). Sustainability. Singapore: Marshall Cavendish Editions.
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