Taking Sides Clashing Views in Management

3541 Words15 Pages
Taking Sides Clashing Views in Management written by Marc and Vera Street diverse into some deep, debatable topics. Upon reading each issue, it is clear that there is no right or wrong answer. Several times I found myself torn on both sides; this is – I was both for and against certain issues. I have always tried to make decisions as informed as possible but realized that judgments are still personal and what we believe in.

Issue 1: I do believe that corporations have a responsibility to society as a whole, not only to maximize their own profits and benefit the economy but also to respect the community that they reside in. They achieve this by not only providing employment, but also upholding an image. It is up to
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corporations to use cheap overseas labor” my first thoughts were yes because of my personal beliefs. But upon further thought and through discovery, I realized that from a business point of view we as a nation should still help promote economic globalization. In order to do so we need to outsource production and encourage trade. However, because we are fiscally involved in another country’s economy that doesn’t give American corporations the right to implement our laws and standards into other countries’ business practices and laws. Just because we see child labor, unfair wages, and violating overtime as immoral, doesn’t mean that the host county does. However global labor standards need to be unified.
Issue 3: Siding with Ira Kay, I agree with his position on the issue. The “American Dream” is to essentially start from nothing, working up the ladder to gain money, power, and the image of a lavish, executive lifestyle; resulting from hard work paying off and wages that compensate for it. Annual pay and stock incentives for most executives will fluctuate with the company’s performance, as well as their personal efforts. If a cap was to be implemented on a CEO’s salary, what would be the incentive to stay at the helm of a corporation when the financial “glass ceiling” has been reached?
Issue 4: Does an employer’s need to monitor workers trump employee privacy concerns? This is one of these controversial issues where I agree with points from both sides.
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