Communication in business Essay Example | Topics and Well Written Essays - 1750 words

Communication in business - Essay Example on of the right to collective bargaining’ (UN Global Compact, labour); the above principle is based on the ‘ILO Declaration on Fundamental Principles and Rights at Work’ (UN Global Compact, labour). The other principle addressed in this letter is the 9th Principle: ‘businesses should encourage the development and diffusion of environmentally friendly technologies’ (UN Global Compact, environment); this principle is based on the Rio Declaration on Environment and Development (UN Global Compact, environment). Both these principles should be enhanced across the organization. The firm’s existing practices in regard to labour and environment could be summarized as follows: ‘a) continuous improvement of the training programs provided to its employees, b) promotion of integrity across the organization, c) emphasis on the personal development of employees, d) promotion of innovation – encouraging employees to work on innovative projectsâ⠂¬â„¢ (General Electric, Careers, 2010). Our suggestions in regard to the alignment of the firm’s practices with the UN Global Compact focus on the following issues: a) implications of these policies for the business, b) the positive and negative of the business as also of other organizations on similar practices, c) the risks of these policies for the firm’s stakeholders. Under these terms, we suggest that the following measures should be taken in order for the principles of UN Global Compact – as described above – to be successfully implemented in the Local Network: i. Current form of collective bargaining used across the organization should be restructured; emphasis should be given to the development of HR management policies that would focus on the needs of each employee – referring to a individualized HRM-based approach (Edwards 2004, 7338); moreover, ‘gaining a bargaining advantage over unions’ (Klasa et al. 2009, 421) should become a priority among the firm’s HR policies; the firm’s existing HR