Social Performance of Organizations Essays

Words: 2133
Pages: 9
Open Document
Assignment 1: Social Performance of Organizations
Janet Jackson
Strayer University
BUS475
May 1, 2014
Instructor:

The De Beers Company is one of the wealthiest companies in the world. De Beers leads and dominates the diamond industry in diamond mining, diamond trading, and industrial diamond manufacturing. In 1871 a South African man named Cecil Rhodes created De Beers. Rhodes rented water pumps to miners then invested his profits by buying up small mining operations. In 2011 the De Beers Group sold their remaining stake to Anglo American for $5.1 billion in cash. (DeMarco, 2011). Before the sale the diamond company was owned by the Oppenheimer family. Now Anglo American own 85 percent of De Beers making them the primary …show more content…
In the Diamond industry no group is more important than the customers buying the product. A diamond is really just a rock found in the ground and only worth what someone is willing to pay for them. The value of the diamond on the customer has plays a big role on the De Beers Company. In order to keep the value of the diamond up De Beers invests in many advertisements and promotion to keep the appeal of the diamond. Throughout the years diamond distributors have produced ads campaigning that diamonds are connected with showing your love or wealth. Ads claiming things like diamonds are a women’s best friend help keep the demand for the stones high and valuable.
Stakeholder Influence
In the diamond industry, companies have had a lot of control over the amount of diamonds out on the market for sale. This has given diamond companies some control over the supply and demand factor of diamonds. However, the stakeholders have lots of influence on the success of a diamond company. Stakeholders associated with diamond companies have the ability to: change laws and regulations; influence better working conditions and demand; and change operations and worker pay. All of these factors will influence the financial performance of an organization such as De Beers.
The governments have control over what laws and regulations diamond companies go by when operating in their jurisdiction. This could have an effect on a company financially. For example, in some
Show More

Related Documents: Social Performance of Organizations Essays

Structural Behavioral And Organizational Ethics

Behavioral and Organizational Ethics Organizations want to implement structural behavior and organizational ethics in their organization. They use certain models to implement their ethics to have an effective, honest relationship with their consumers and to improve their organization's performance. The two measuring models that will be analyzed are triple bottom line (TBL) and balance scorecard (BSC). TBL provides a perspective that takes into account the social, environmental, and financial impacts…

Words 951 - Pages 4

Organizational Citizenship Behaviour (OCB) Essay

organizational performance? Illustrate with examples where appropriate. Organizational Citizenship Organizational citizenship is an organizational success that consists of supports from the volunteers of individuals and behavior (Business Dictionary 2013). Organizational citizenship behaviors (OCB) is defined as discretionary individual behavior which is indirectly recognized by a system – Formal Reward System and the efficiency together with the effectiveness functioning of an organization will be…

Words 1793 - Pages 8

Stakeholder and Social Responsibility Essay

different extents, will be interested in operations performance, they are likely to have very different views of which aspect of performance is important. Table 2.3 identifies typical stakeholder requirements. But stakeholder relationships are not just one-way. It is also useful to consider what an individual organization or business wants of the stakeholder groups themselves. Some of these requirements are also illustrated in Table 2.3. Corporate social responsibility (CSR) Strongly related to the…

Words 2111 - Pages 9

Greenwashing: Sociology and Issues Management Essays

private, commercially oriented organizations, ranging in size from one-person proprietorships to corporate giants. Between these two extremes, of course are many medium-sized proprietorships, partnerships and corporations. Society A community, a nation, or a broad group of people with common traditions, values, institutions, and collective activities and interests. Some industries are simply more conducive than others with respect to the creation of visible social problems. For example many manufacturing…

Words 2272 - Pages 10

Annamalai Mba-Hr Assignments Essay

HUMAN RESOURCE MANAGEMENT AND PERSONAL MANAGEMENT 8 4.0 CONCLUSION 10 ASSIGNMENT 2 11 1.0 PERFORMANCE APPRAISAL 12 2.0 NEED FOR PERFORMANCE APPRAISAL 13 3.0 PROBLEMS IN…

Words 3447 - Pages 14

Essay on Course Notes ch 1-6

Explaining organizational behaviour and events in organizations. Managing organizational behaviour. Management The classical view advocates a high degree of specialization of labour and coordination and centralized decision making. Scientific management is Frederick’s Taylor’s system for using research to determine the optimum degree of specialization and standardization of work tasks. Bureaucracy is Max Weber’s ideal type of organization that includes: Strict chain of command Selection…

Words 4209 - Pages 17

1 Ch02 Introduction principles management Essay

Introduction to principles of management Introduction Management = art of getting things done through the efforts of other people Principles of management = means by which you actually manage others to accomplish a goal (individuals, groups, or the organization) Ch.01 Introduction to principles of management Who are managers? Traditional vision of management role and contemporary vision Empowerment A B F A -General manager -Top managers -Middle managers -Functional managers -Supervisory or team…

Words 322 - Pages 2

Nonprofit And Non-Profit Analysis

expected return of a for profit organization the companies should both utilize financial and managerial accounting which creates mirrored balance of externally/internally active and accessible documents. Both organizations have the ability to use to measureable objectives in the evaluation of operations, which can ensure the betterment of the company. The objectives differ however the systems are as effective in encouraging quality engagement within the organization and the output of quality service…

Words 1091 - Pages 5

The Importance Of Quality Management

in Bangladesh. Many organizations fail to properly structure or support continuous improvement initiatives which ultimately trouble them to failure (Gharakhani, Rahmati, Farrokhi, & Farahmandian, 2013). This failure has led to many misconceptions about the results of implementing improvement methodologies (Arnheiter & Maleyeff, 2005). A lot of organizations are struggling to accomplish this goal without the use of a systematic approach to improve their organizational performance as it relates to quality…

Words 1628 - Pages 7

Coca Cola Ethics Case Essay

play within organizational performance and social responsibility? Develop a list of factors or characteristics that different stakeholders may use in assessing corporate reputation. Are these factors consistent across stakeholders? Why or why not? Corporate reputation can be taken as complete inference that its stakeholders carry of an organization. These include both external stakeholders as well as internal ones. This has become a matter of focus for many big organizations as the reputation bring…

Words 1456 - Pages 6