Thursday, 24 March 2011
Would CSR saved the Energy giants Ofgem ruling?
These companies have clearly been behaving in a way that was against the interest of many of the stakeholder, mainly the customers, which has resulted in the regulatory authority intervening. If these companies had engaged in CSR practices they would have know that what they were doing was not acceptable to their stakeholder or at least foster good relationships that would have protected them from this kind of scrutiny.
Instead they show a opportunity to increase their profit margins and believed that there were untouchable as they provided an essential service. They now have to make costly changes and sell off a share of the supplies to increase competition in the industry to meant the demands of Ofgem. This may cost them a lot more than the short term profit they gain.
This seems to be a warning to companies that may believe they are essential so can behave how they like that regulatory authority will step in and demand changing if they refuse to behave in a fair way. This suggest that companies should not just claim to be engage CSR practices, but start to really adopt the concept into their business practice to avoid costly regulations in the further.
Video Source from the Press association available from youtube
http://www.youtube.com/watch?v=1wJUzBSxG1w
Other sources:
http://news.sky.com/skynews/Home/Business/Gas-And-Electricity-Firms-Accused-Of-Failing-Consumers-By-The-Regulator-Ofgem/Article/201103315956854
http://www.bbc.co.uk/news/business-12802591
Tuesday, 22 March 2011
The Problem with Strikes
Strikes are seen as legitimate form of action when communication breaks down between management and employees. However, the question is whether they are beneficial in successfully communicating grievances and achieving the desire outcome. A key to successful strike is gaining support from people not involved in the disagreement. Therefore its important that groups involved in strike action insure they communicate their cause to wider audiences before the actually strike. Some Scottish university has made the decision to take strike action on the 24th March to protest against changes in pension changes. Stirling university staff are to join this strike, but also to fight the upcoming redundancy in the aquaculture department.
The Thursdays before some staff took teaching out of the classroom and had a rally to highlight their cause and gain support. The Speaker at the rally spoke passionately about the cause demanding that the need to stand united. Though there was clear support among the crowd the rest of university seemed to carry on as usual.
Student that will be affected by the cuts seem to be well informed about the action and in support would support the strikes. However, Student in other departments had clearly not be well informed about the strike and therefore did not see the action as legitimate. The fact that the majority of students had not be told about this actions indicates that staff are not relaying the need inform. This shows why strikes of this sort may not gain the support need for there successes.
Only time will tell whether this strike will help the cause in the long run, but clearly more need to be done to ensure the the whole student body is on board.
Video Edited from footage taken on the 17th March 2011
Saturday, 12 March 2011
When Diplomacy Goes Wrong
Image credited from http://www.politics.co.uk/news/economy-and-finance/william-hague-labels-labour-weak-and-washed-out--$1242623.htm
Video From ITV World Available from: http://www.youtube.com/watch?v=jSUPAD9JNZA
Other Sources:
http://www.independent.co.uk/news/world/africa/british-special-forces-team-released-after-botched-mission-2234233.html
http://www.bbc.co.uk/news/world-middle-east-12658054