Primary internal and external influences to LOreal

Primary internal and external influences to LOreal These influences as in internal and external can be determined by analysing the Strengths of organisation in terms of available resources like skilled staffs, financial capability,core competent of organisations, innovation, people say your strengths today mighty be your weakness tomorrow in the global business environment, Weakness of organisation can be poor technology and systems in use, lack of market orientation, lack of research and development, uncompetent personnel, poor type and range of products, which will lead the orgainisation in to poor peformance not achieving companys goals. The opportunities in social and cultural aspects example Loreal in United States, economic advantage example new emerging market like Africa, Asia, Europe, New techology . Threats of organisation is changes in business environment where a firm is running its business, the competion from other competitors, political issues, change in customers life style,supplies shortage. According to casestudy shows number of influences to LOreal as subjected. In internal and external influences were about to build the organisation structure which can be global administration and cope with the external global environment by stabilising their resources so they can be competent to gain the capability to compete against other competitors. They been able to build up the organisation strengths through carefully plans strategy of acquring other cosmetics companies so they can spread up their wings in the international markets by using strong and potential brands in their new and existing global markets ,which some of the brands were Loreal origin brands like lancome and other adopted brands like matrix, Maybelline, Kiehls, soft sheen and carson. Also moving business strategy from domestic strategy to international strategy that will enable the company to compete in global environment, The marketing failure during 1953 after entering U.S market through the company formed li censee Cosmair Inc. to distribute LOreal products(pg3 on the case study) this made the corporate management of LOreal to structure their corporate plans from failure to success, But management did able to consider company redisign to gain key success through designing good distribution channels, flaxible management development of internal structure and culture so they can cope with outside business environment to maintain stability, example LOreal managent under Dalle able to take the company to public(1963), sold off the companys soap unit and also did able to respond in political issues of state control of frances top companies(pg3 on case study). The current organisational structure were doing well in terms of achieving goals in case study it shows they had good reputation and market share in france and also in europe even though they were selling their products to customers in premium price and later they manage expand organisation structure through acquiring other cosmetics company in europe so they can enter in U.S market . Organisation were recruiting skilled and talented staffs can able to run up the company to successful point in future time without looking location of individual, example Lindsay Owen Jones who was CEO british born(case study pg 4). Good allocation of resources to invest in foreign markets enables LOreal to gain other oppotunities apart from U.S market. Example Loreal management after bought the brand of Helena Rubinstein was best opportunity to go extra miles to gain other markets which are outside of U.S like Europe,Japan and Asia and brand has very good market awereness to its customers. Through acqu isation Loreal company were able to access available resources from other company like distribution channels, skilled staffs. Because of global marketing environment Lindsay Owen Jones the CEO of LOreal he started to redisgn the corporate strategy so the company can able to cope with the international geographical environment of where will operates, below here shows the Strategic Choices of certain company can use four basic strategies to enter and compete when decide to operate in international market like follows:- Pressure for Local GLOBAL STRATEGY TRANSNATIONAL STRATEGY INTERNATIONAL STRATEGY MULTI-DOMESTIC STRATEGY High Cost pressure Low Low Pressure for local High Transnational Strategy. This strategy firms must exploit experience curve cost economies and location economies, transfer distinctive competencies within the firm and pay attention for pressures for localisation. To do this their need to be flows of knowledge from the parent to subsidiaries, flow from foreign subsidiaries to the home country, and from foreign subsidiaries to foreign subsidiaries, a process that known as global learning. The approach of transnationals is not appropriate in all situations, nor is it without costs. Where demands for local responsiveness are low, a global strategy may still be the most appropriate . The coordination and management challenges of a transnational also create higher cost and benifits than with one of the more traditional strategies. A transinational strategy makes sense when a firm faces high pressure for cost reductions, high pressures for local responsiveness, and where there are significant opportunities for leveraging valuable skills within a multinationals glo bal network of operation. In some ways companys that pursue a transnational strategy are trying to simultaneously achieve cost and differentiation advantages. As attractive as this may sound, the strategy is not easy to pursue. Pressure for local responsiveness and cost reductions place conflicting demand on a firm, being locally responsive raises costs. Global Strategy. Firms that pursue a global strategy focus on increasing profitability by reaping the cost reductions that come from experience curves effects and location economies. That can be called a company pursuing low cost strategy. The production, marketing and research and development activities of firms pursuing a global strategy are concentrated in a few favorable locations. Global firms tend not to customise their product offering and marketing strategy to local conditions because customisation raises cost, it involves shorter production runs and the duplications of functions. Multidomestic Strategy Compay pursue this strategy orient themselves toward achieving maximum local responsiveness. The key distinguish feature of multidomestic firms is that they extensively customise both their product offering and their marketing strategy to match different national conditions. Consistent with this they also tend to establish a complete set of value creation activities. International Strategy In this strategy company try to create value by transferring valuable skills and products to foreign markets where indigenous competitors lack those skills and products. Most international firms have created value by transferring differentiated product offerings developed at home to new markets overseas. Analysis of how globalisation influences policies and decision making in LOreal. LOreal able to increase acquisation to maintain market share against other competitors so the company can stay into its business. Value creation were made into LOreal products by renovate those brands they were so strong in the market and had very good perception to its customers because if there is more value in the product that means there is value and trust between two parties, firm and customer. Because of globalisation LOreal did able to design the Organisation structure which will fit on the global environment the firm is facing. Barlett and Goshal outline a range of organisation structures developed by multinationals to meet these global challenges, Like as follows below. Global Co-ordination Low High International Divisions Global Products Companies International Subsidiaries Transinational Corporational Low Local Independence And Responsiveness High International Divisions The structure is appropriate where there is little requirement for global coordination and little need to tailor products to local requirements. Global Product Companies The need for greater global integration has seen many multinationals moving towards global product structures with product divisions integrating activities on a world wide basis from component supply, through manufacturing to research and development. This structure creates many opportunities to achieve cost efficiencies and transfer resources that are dependent upon sophisticated planning and control systems. However the pressures to respond to local needs seem to be increasing in many global markets. In case study page 10, CEO Owen Jones said that Loreal to be truly global company they need to promote around the world American brands because that was other great alternative in the beauty industry and also they didnt accept only local brands, by trying to put all LOreal brand everywhere by selling United states to Americans, Japanese, Chinese and Italian elegance to the Japanese, French beauty to Africans, and also Japanese chic to Brazillians. International Subsidiaries Many organisations are structured around international subsidiaries that respond more closely to the needs of the local market, often at the expense of control from the centre and a uniform organisational structure. However, whilst this structure has been appropriate in the past, as global competition becomes more intense, there may now be a need to look at greater global integration. Transnational Corporations The increasing pressures of global competition upon companies to both globally co-ordinate activities and respond to local needs has led to the emergence of the transnational organisation . The traditional multinational structures are seen to be converging upon a new organisational structure that depends upon an integrated network of interdependent resources. Also LOreal company according to case studies shows the numbers of responds to change the products offering to its customers through understanding their customers and the life styles they have. By using Ansoff four strategic options, he claimed that in marketing we can only ever be talking about products and markets, and that these can only be old, or existing, and new, or potential. Below is a figure shows Ansoff Matrix model in strategic choice. Products Present New Market Penetration LOW RISK Product Development MEDIUM RISK Market Development MEDIUM RISK Diversification HIGH RISK Exist Markets New Market penetration On this strategy present product and present market will be appropriate when a market is growing and not yet saturated, example Loreal company when was marketing in France market before decide to go abroad market. By attracting non users of the product, or purchasing rate of existing customers. The strategy can be implemented through increasing activity on one or more of the mix elements. Example aggressive promotion, pricing, using more intensive distribution. Product development. The strategy deals with New product at existing market, an organisation develops a new product to sell at its existing market. Sometimes can be simply the product refinement, could be change of taste or packaging. Product development is most prevalent when branding exists. Promotional aspects will be emphasise the added qualities of the new product and link it specifically to the security of and confidence in the brand. This strategy builds up customer loyalty and the benefits to be gained by purchase and other mix elements like distribution may remain unchanged. Market Development On this strategy is about the company sells the existing product at new market, is often found when a regional business wishes to expand or if new markets are emerging because of changes in consumer habits. It can also occur when a new use has been discovered for an existing product. Implentention of this strategy involves appealing to markets sectors not currently catered for and many mean a repositioning of products, new distribution methods or channels. Diversification This strategy is where new product will be sold in the new markets sometimes introduced so that the firm will not become too dependent on its existing strategic business units (SBUs), this is kind of insurance for future of the company incase of any disaster that would happen due to drastic environmental changes in future where the company is operating it business. This can be considered as means of growth and expansion of power to against competitors. The new product can me totally innovated which has never been seen in the marketplace, or the product is new to the firm but has already been the in the marketplace. Diversification can be Horizontal integration acquisation of another organisation which has a desired features, the firm that is acquired mighty use similar production methods, its distribution channels may highly effective and prove advantageous or has got great capacity. Or Vertical Integration where involves acquisition of some other enterprises in the chain of distribu tion between manufacturer and customer,can be forward towards customer or backwards towards the source of materials. Other diversification also can be Conglomeration where moves a company away from the its existing product market situation into an entirely new area in order to satisfy a primary objective. Critical evaluation of the effectiveness of LOreal response to globalisation. Due to global environment has its complexity and uncertainties, LOreal did able to respond through building organsation which will cope with changes in business environment by competing with other firms operating in the same beauty industry, LOreal was selling a products (e.g Lancome in cosmetics and LOreal professional in hair care) which targeting in high income customers by selling their products in high price, which limited the company to expand into international markets. Also their brands where only potential in Europe and not USA and the price strategy they were using were not accessible. This made LOreal management to review their marketing strategies into global level. LOreal had market entry strategy in USA market, first was licensee to cosmair to supply Loreal products after the strategy didnt perfom better, then Loreal management did apply another strategy which was acquisition strategy. There are different entry strategy to foreign markets a business company can use, ent ry strategy can be Turnkey project, Exporting, Franchising, Licensing or Joint ventures. Licensing agreement is at arrangement where by a licensor grants the rights intangible properry to another entity (the licensee) for a specified period, and in return the licensor receives a royalty fee from the licensee. Intangible property includes patents, inventions, formulas, Trademarks, processes and designs. Acquisation is about one firm buys another firm. Hamills model, Motives for acquisation are economic motives, strategic motives, finance motive and behavioral and managerial motive. Economic motives can be synergy in value chain,economies of scale, improved efficiency, purchase of managerial skills and unique resources. Strategic motives this can aslo be diversification,competitive by gaining market control or remove competitors or both, buy rather than build market share, or instant growth. Behavioral and managerial motives also this can be increasing management utility and sales growth, personal goals of senior managers, separation of ownership from control. Financial motives is about Financial engineering,Valuation gap theory and increasing shareholder value. In Addition of popular American brands such as Maybelline, Redken, Matrix, SoftSheen-Carson, and Ralph Lauren Fragrances to its portfolio of french brands, LOreal had created an international brand portfolio for consumers with a wide range of incomes and tastes in 140 countries. Because the market in France and part of Europe maybe were seems to be saturated, and LOreal perhaps was facing a bit competition from rival companies in france and other part of Europe made it to seek other new attractive market which was USA market to extend its market share and increase the revenue. By using Boston Consultancy Group Matrix(BCG) theory based on Market share and Market growth rate of the Small Business Units(SBUs). Boston Consultancy Group Matrix. STARS QUESTION MARKS CASH COWS DOGS High Market growth Low Relative Market Share Question Mark Are products which have low market share and are in high growth markets. The product has not yet reached a dominant position in the market. Although it may be generating funds, it still requires a lot of investment for development and the company must decide if they to keep investing. Star If Question marks succeed they become stars, leaders in high growth markets. Stars are the providers of tomorrow and the company with no stars should worry. On the figure above shows two star products, one which has the leading share in its market and one which has only slightly more share than its leading competitor. Efforts should be made to increase the share of the second product in order to secure its future profitability, particularly as the market has a very high growth rate this could be where future earnings lie. Also this stage may involve investment in promotion and distribution incase of competition, and Star can also produce revenue and use resources which may lead to break even. Cash Cow When market growth reaches a stable level, Stars become cash cows providing they hold a leading share of the market. If they lose any market share to the competition they will slip into either being a marginal Question Mark or at very worse,a Dog or sometimes if a firm continued to support other categories and neglegeted its cash cow then its could eventually become a dog. Cash Cows produce good revenue, do not require high investment and often mean the economies of scale can be gained. The money earned from cash cows should be used to invest into other products. Dog Dogs have a weak market share in low growth or stable markets. These products can often take up more time than they are worth. They usually produce low profits and very often incur losses. They will always consume cash, even if it is just in the time taken to manage them. Can be dropped by firm but is not wise to do immediately because they might still poduce profit and can also be used retention to customers. LOreal responded by creating competitive advantage against other competitors in beauty industry. Michael Porter Generic Strategy explained how the company can gain competitive advantage through differentiation, differentiation focus, cost leadership, and cost focus. LOreal management were able to differentiate their products through product divisions ( Consumer, Professional and Luxury products division). Also Loreal used cost leadership and cost focus, by created products range according to consumer classes, by selling them with different range of price, based on ethinic life styles from white to black people. Also Value Chain Analysis can be useful here to determine the response of Loreal beauty company to globalisation, Value Chain Diagram Planning model Computer Electronic Customer Aided Design Marketing Profiling research Online Procurements Automated Flexible Automated order Tele marketing After sales services, Warehouse manufacturing Processing Computerised delivery schedule Firm infrastructure HR Management Technology Management Procurement Inbound Operations Outbound Marketing and Services logistics logistics Sales Primary activities. Inbound logistics, dealing with storing, receiving and distributing the inputs to the product or service. Material handling, controlling stock and transport. Operations, concern of transform different inputs into final products or service, assembly and testing. Research and development, concerning about gathering useful information from the market like competitors in that market,customers, developing new product or lowering the cost of production ( LOreal, Research and development activities allowed the firm to reduce production costs). In the case study (pg11), Its says LOreal had strong commitment to research and development that many insiders considered to be among the firms most distinctive values and a comparative advantage over competitors. Through research and development they did able to discover the new hair Fructis shampoo product made from fruit sugar called fructose. Production can be creation of goods or services, example Fructis shampoo. Out bound logistics through local distribution channels which the company had control with it, acquisation enabled LOreal management to gain competence in distributing products to consumers. The Marketing and sales provide the means whereby consumers/users are made aware of the product or service and are able to purchase, Loreal provided product mix, enough advertising to their customers so the can be aware of their products offering to the market. Service, service includes all those activities which enhance or maintain the value product or service, such as training, installation, repair and spares. Support Activities in the value chain give inputs that allow the primary activities to occur, can materials management, human resource management by dealing with recruiting, training, development and rewarding people within the organisation, example in the case study Loreal hire people early in their careers and educate them so that they can become the future leaders of the company (i.e LOreal CEO, Lindsay Owen Jones and Kiehls president, Philip Clough). Information systems, and company infrastructure this can be the structure of organisation, control stystems and culture of the firm.

The Importance of Dreaming and Sleeping Essay -- Dreaming Dreams Psych

The Importance of Dreaming and Sleeping Dreams and dreaming is an important part of our lives. They’re a reliable source of insight, personal enrichment, and life affirming revelations. Dreams are the language of a person's subconscious mind. Before a person starts to dream, there are certain cycles or stages that a person goes through in their sleep. Sleeping is important to our lives. Many people spend about twenty five years sleeping and dreaming. There are four-ninety minute stages of sleep that a person goes through a night. To begin with stage one. This is when breathing is regular, heart rate slows down, and blood pressure decreases. A person could still be awake during this stage. Slowly the person drifts to stage two. During this stage, the person is unaware of what is going on in the outside surroundings. As the person falls deeper into sleep, the person goes into stage three and four. It is harder to wake someone up when they reached this stage. It takes about an hour for a person to go through all four stages. Yet, not everyone goes through all of these stages a night. Throughout the night, stages four and five repeated. REM (rapid eye movement) takes place when a person is at the deepest level of sleep. In REM, eyes move quickly under the eyelid. Dreaming takes place at this stage. Dreams occur more often and they are more real at this stage. These dreams are story like, intense, and passionate. (Encarta-psychology, CD-ROM) There are many ways to look at dreams. The psychoanalytic, biological, and cognitive views of dreaming. In psychoanalytic view, Freud came up with a theory called the "wish-fulfillment theory." Wish-fulfillment theory is " dream a interpretation that emphasizes the roles of the manifestation content of dreams" (Huffman, Vernoy, and Vernoy, 139). In a psychoanalytic view, they say that dreams are hidden signs of suppresses needs. In a biological perspective, they believe that dreams are not important- they are stimulation of brain cells. In a cognitive view, they believe dreams are an important part of information processing. (Huffman,Vernoy,and Vernoy, 140) There are no proven facts on why we dream. This is why there are a lot to go with these theories on dreaming. There alot of dream theorists that wrote on why people dream. Freud was always enchanted by dreams. He believed tha... ...(Encarta, Psychology, CDROM)These people say the dreams are important to live a full and complete life. It is difficult for us to study dreams and how they work while we’re sleeping. People can only decide for themselves and believe what they was to believe in. Only the dreamer can determine what is right or wrong. Outline I. Introduction to sleep A. Introduction statement II. Typical sleep cycle A. stages of sleep B. dreaming sleep III. Theories of sleep A. Freud’s theory B. Jung’s theory VI. Understanding dreams A. Self understandin B. Scientific understanding Bibliography 1.Encarta Psychology CD ROM 2.Karen Huffman, Mark Vernoy, Judith Vernoy PSYCHOLOGY IN ACTION Wiley John and Son. Inc. COPYRIGHT 1999 3.The CG Jung page HTTP//:WWW.CGJUNG.COM 4. The Sigmund Freud page HTTP//:WWW.LANDOW.BROWN.EDU Ps: to the person who gets this i got this with no bibliography or outline and every word and sentence was wrong but i did no reasearch and thats the part that worked for me and i used the internet to fine suitable pages and book titles hehe well hope your teacher likes it The Importance of Dreaming and Sleeping Essay -- Dreaming Dreams Psych The Importance of Dreaming and Sleeping Dreams and dreaming is an important part of our lives. They’re a reliable source of insight, personal enrichment, and life affirming revelations. Dreams are the language of a person's subconscious mind. Before a person starts to dream, there are certain cycles or stages that a person goes through in their sleep. Sleeping is important to our lives. Many people spend about twenty five years sleeping and dreaming. There are four-ninety minute stages of sleep that a person goes through a night. To begin with stage one. This is when breathing is regular, heart rate slows down, and blood pressure decreases. A person could still be awake during this stage. Slowly the person drifts to stage two. During this stage, the person is unaware of what is going on in the outside surroundings. As the person falls deeper into sleep, the person goes into stage three and four. It is harder to wake someone up when they reached this stage. It takes about an hour for a person to go through all four stages. Yet, not everyone goes through all of these stages a night. Throughout the night, stages four and five repeated. REM (rapid eye movement) takes place when a person is at the deepest level of sleep. In REM, eyes move quickly under the eyelid. Dreaming takes place at this stage. Dreams occur more often and they are more real at this stage. These dreams are story like, intense, and passionate. (Encarta-psychology, CD-ROM) There are many ways to look at dreams. The psychoanalytic, biological, and cognitive views of dreaming. In psychoanalytic view, Freud came up with a theory called the "wish-fulfillment theory." Wish-fulfillment theory is " dream a interpretation that emphasizes the roles of the manifestation content of dreams" (Huffman, Vernoy, and Vernoy, 139). In a psychoanalytic view, they say that dreams are hidden signs of suppresses needs. In a biological perspective, they believe that dreams are not important- they are stimulation of brain cells. In a cognitive view, they believe dreams are an important part of information processing. (Huffman,Vernoy,and Vernoy, 140) There are no proven facts on why we dream. This is why there are a lot to go with these theories on dreaming. There alot of dream theorists that wrote on why people dream. Freud was always enchanted by dreams. He believed tha... ...(Encarta, Psychology, CDROM)These people say the dreams are important to live a full and complete life. It is difficult for us to study dreams and how they work while we’re sleeping. People can only decide for themselves and believe what they was to believe in. Only the dreamer can determine what is right or wrong. Outline I. Introduction to sleep A. Introduction statement II. Typical sleep cycle A. stages of sleep B. dreaming sleep III. Theories of sleep A. Freud’s theory B. Jung’s theory VI. Understanding dreams A. Self understandin B. Scientific understanding Bibliography 1.Encarta Psychology CD ROM 2.Karen Huffman, Mark Vernoy, Judith Vernoy PSYCHOLOGY IN ACTION Wiley John and Son. Inc. COPYRIGHT 1999 3.The CG Jung page HTTP//:WWW.CGJUNG.COM 4. The Sigmund Freud page HTTP//:WWW.LANDOW.BROWN.EDU Ps: to the person who gets this i got this with no bibliography or outline and every word and sentence was wrong but i did no reasearch and thats the part that worked for me and i used the internet to fine suitable pages and book titles hehe well hope your teacher likes it

Documents in a Business Environment

The different styles of documents that could be used are spreadsheets, data sheets, slide shows, letters, fax documents and memos. The documents could be printed or they could be electronic format. 1. 2. When you create a document and store it onto your computed you can save it as different formats e. g. plain text (. txt) Microsoft word (. doc). PDF is another format that can be used but is not editable but you are able to change the formats from PDF to Microsoft word when saving. . 3. The documents I produce reflect the company itself so if I produce low quality ocuments with mistakes it doesn't give the company a professional image. A good quality document gives the customer a professional feel for the company and makes it easy to read, this also attracts the customers to the product. If the document is high quality it makes the documents easy to follow for the customer which gives them less work to do. 2. 2. 1 . To produce high quality documents there is many ways to do so.A high quality printer is a must for quality print outs, also a high quality photocopier so you get a neat clear print. A scanner is also very useful so you scan documents to their original orm. To make the documents look good quality you can add pictures to the document to give it a friendly look e. g. adding your company logo. You should also use a simple layout for a near look using a font size that everyone will be able to read. 2. 2. Different resources to produce documents could be the internet, spreadsheets, PowerPoint, Photoshop. 2. 3.Different types of technology available for inputting, formatting and editing text could be – A Computer (monitor, keyboard and mouse) or laptop. Printer or scanner and also word processing software. A normal way of adding text into a computer is hrough a keyboard that usually comes with the computer itself. All keyboards are laid out in near enough the same format. You press the letters on the keyboard that is then transferred onto your word document on the computer screen. In most organisations the word document that is used is Microsoft word.Microsoft word gives you many different ways to help you input and edit your text. You are able to use many different styles of fonts and are able to choose what size font you would like to use. You are also able to do a spell check which scans your full document looking tor any spelling mis ption to correct them. takes that nave occurred and gives you 3. 3. 1 . The benefits of agreeing the purpose, content, style and deadlines for the production of documents is that all documents are written to a specific audience and have a consistent message.The information in the document is easy to access and is clear, accurate and is readable. 3. 2. Before you start getting your documents together and organising them you need to find out how the documents is going to be presented, the information that is going to be in the document, who the document is for. You need to plan how long the ocum ent can be as you don't want to make it too long but don't want to not include not enough information and most importantly you need to know what the purpose of the document is.If you are producing a document you have never done before it would be best to do a rough plan of your work before you do the real copy and also you need to write in the right format (formal or informal) 3. 3. Text and non-text can easily be added into Microsoft word as it enables you to insert pictures, graphs, clip art and also text boxes. Microsoft excel and PowerPoint are other examples of programs that you can also add text and non-text to. . 4. Most word programs have integrated spell checkers that are constantly checking every work you type onto the document.Spell checkers are not always correct, for example it could try to correct â€Å"your† to you're† when it is not needed. Also, spell- check does not have every word so sometimes you will need to add your own words to the dictionary so n ext time you type it, it will show as correct. On Microsoft work to do a full spell check you go to ‘Review on the top bar and click ‘Spelling & grammar' on the left. 3. 5. Important documents whether majorly important or hardly important still have o be stored securely following certain policies and procedures like the Data Protection Act. It could be physical storage e. . putting into files or boxes and put away. Or it could be digital storage e. g. storing onto a hard drive or usb stick. Files that are stored in anyway have to be stored safely that no one else other than the people authorised can get access to. 3. 6. If personal information gets released to people without permission to see it can have serious consequences as it should be protected by the data protection act. t is important to meet deadlines because it saves time which means it saves oney and also we want to meet deadlines so we get things done quick and we are ahead of our competitors.Not meeting your deadlines means other people who are working on the same case can also not meet their deadlines as they have to wait on you. For example, if i do not get a pack out by 4. 45pm on the day the deal is sold the advisors have to wait another day on top of waiting to receive the pack back to submit the pack to the lender. This overall effects the income of the company which effects everyone else's salary and disrupts any bonus system put in place.

The Use of Consensual Relationship Agreements - 1344 Words

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Complaints of favoritism may occur; spouses may become aware of extra-marital affairs that occur on the workplace resulting in violence; sexual harassment or other retaliation accusations may spring up with the fizzling of the relationship; and romance may interfere with the job. The complications can become all the more entangling and dangerous when the scenario involves a romance between a boss and his or her subordinate. Sexual harassment cases can be brought with impunity, and the boss may even loose his position. Such was the case with the former Boeing CEO Harry Stonecipher who admitted to carrying on aShow MoreRelatedEssay on Bus 520 Assignment 11503 Words   |  7 PagesConsensual Relationship Agreements By: Vickie Gonzalez Bus 520 – Leadership and Organizational Behavior Professor: Dr. Marilyn Carroll October 24th, 2012 Workplace romances are now one of the challenges that organizations of all sizes have to address. How they address them varies from organization to organization. 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In theRead MoreConsensual Relationship Agreements1905 Words   |  8 Pagesï » ¿Consensual Relationship Agreements The dynamics of present era has driven both men and women to the workplace. They spend most of their active time at workplace and engage themselves in team work. Because of long working hours spent together, colleagues develop intimacy with one another. At times, this intimacy between colleagues of opposite gender takes the shape of affiliation, attachment and then romance. It is this point, when companies take specific actions to protect their workplace environmentRead MoreThe Work Oriented Culture Of The Day2691 Words   |  11 PagesFennel 78). However, human resources managers need to take a look at what policies they should implement in their organization. The issue should be addressed in some fashion to help protect both the employer and the employee rights. Employers should use love contacts to reduce the impact of workplace romance and minimize litigation risk. 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Interpersonal relationships are important to everyone and it looks like it is the top motivation for social media communication. Para social relationships are when audience members recognize themselves to have media personalities. Popular media approves of the six stages of relationships, which are: contact, involvementRead Morelegally astute manager leg100 assgn 11660 Words   |  7 Pagessocial media marketing will also be examined. The first topic that I will discuss is the four components that a legally astute marketing manager should apply in the performance of their duties. The four components that a legally astute manager uses as they execute their duties are: 1) a set of value laden principles about the importance of law to a firm’s success. A legally astute manager should become intimately familiar with the laws and regulations that pertain to the business while they