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varundaga05
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Prompt: "No employee of any business, public or private, should have complete autonomy; even employees at the highest level of management require some supervision."
Today the world is going through a period of global economic crisis. Some countries are on the verge of economic bankruptcy while some others are struggling to keep their head above the water. The crisis the world is facing is attributed to the immoral and greedy behaviour of some business organizations. There is an opinion that the whole crisis has taken place because of capitalism and no checks on the businesses. Some critics are aurging for having a complete control of the organization , while others are advocating for some checks. In the above statement author claims that no eomployees should have a complete autonomy, whether business is public or private. Employees at the highest level of management should also be supervised. Though any control on the autonomy of an employees especially employees at the highest level has its repercussions on the business, as the author claims, supervision is the need of the hour.
The primary reason for supervision is that in global economy, failure of an organization not only affects local eomployees but can impact the entire world. With the top management under the scanner for showing greed,which resulted in the global crisis, checks are a way to ensure these top management are accountable not only to their shareholders but to the world as well. The examples which comes to the mind is of Lehman Brothers, Citi Bank and many more. The top management of these companies for the sake of there bonues and hefty pay cheques, encouraged unsafe transactions which was primary reason for the global crisis. Even after govenment from all over the world helped these organizations to bailout, these organizations did not show any austerity but again started indulging in giving huge bonues from the tax payers money. So to ensure that the tax payers money is not improperly used and also to ensure that the top management always is under check some supervision is required.
Another reason for the supervision is that power corrupts. If there is no checks on the top management than the top managers can indulge in immoral and illegal acitivity. The most recent example is on an Indian IT company named Satyam Computers. The CEO of Satyam , Mr. Ramalingan Raju was involved in frauds and making money for himself and his family at the cost of the company and its emmployees. For this trend to stop or to put a block on the same it is imperative that there should be some check on the top management.
One thing that should be kept at mind while implementing checks and supervision is that it should not result in a organization falling into bureaucracy and slowness. Todays world economy is very dynamic and organizations all over the world have to compete and be on there toes, so any supervision should not result in slowing down or hampering the organizations performance.
In sum we can say that as the world starts to come out of the global economic crisis and heading for a better future , organizations all over the world has more responsiblities to take and ensure that the top management should not indulge in unethical and greedy trade practices for the sake of bonues and hefty pay cheques. Therefore as the author claims there should be some supervision even at the highest level of management.
Today the world is going through a period of global economic crisis. Some countries are on the verge of economic bankruptcy while some others are struggling to keep their head above the water. The crisis the world is facing is attributed to the immoral and greedy behaviour of some business organizations. There is an opinion that the whole crisis has taken place because of capitalism and no checks on the businesses. Some critics are aurging for having a complete control of the organization , while others are advocating for some checks. In the above statement author claims that no eomployees should have a complete autonomy, whether business is public or private. Employees at the highest level of management should also be supervised. Though any control on the autonomy of an employees especially employees at the highest level has its repercussions on the business, as the author claims, supervision is the need of the hour.
The primary reason for supervision is that in global economy, failure of an organization not only affects local eomployees but can impact the entire world. With the top management under the scanner for showing greed,which resulted in the global crisis, checks are a way to ensure these top management are accountable not only to their shareholders but to the world as well. The examples which comes to the mind is of Lehman Brothers, Citi Bank and many more. The top management of these companies for the sake of there bonues and hefty pay cheques, encouraged unsafe transactions which was primary reason for the global crisis. Even after govenment from all over the world helped these organizations to bailout, these organizations did not show any austerity but again started indulging in giving huge bonues from the tax payers money. So to ensure that the tax payers money is not improperly used and also to ensure that the top management always is under check some supervision is required.
Another reason for the supervision is that power corrupts. If there is no checks on the top management than the top managers can indulge in immoral and illegal acitivity. The most recent example is on an Indian IT company named Satyam Computers. The CEO of Satyam , Mr. Ramalingan Raju was involved in frauds and making money for himself and his family at the cost of the company and its emmployees. For this trend to stop or to put a block on the same it is imperative that there should be some check on the top management.
One thing that should be kept at mind while implementing checks and supervision is that it should not result in a organization falling into bureaucracy and slowness. Todays world economy is very dynamic and organizations all over the world have to compete and be on there toes, so any supervision should not result in slowing down or hampering the organizations performance.
In sum we can say that as the world starts to come out of the global economic crisis and heading for a better future , organizations all over the world has more responsiblities to take and ensure that the top management should not indulge in unethical and greedy trade practices for the sake of bonues and hefty pay cheques. Therefore as the author claims there should be some supervision even at the highest level of management.
