Everyday umpteen double-crossings go on in front of our veiled vision in the corporate world. All these behind the scenes are sometimes ethical and many a times unethical. This divides the myth and the reality of the corporate sector. While entering into the business sector, we can imagine a lot of flowery things that we expect from our job – a satisfactory work experience, a good pay role and hence a happy family life. However, the reality is miles away from this. Every employee has to fight everyday to keep their jobs intact, there is a mad scramble for opportunities, competition regarding who could perform better that their colleagues. The employees, as much as they are working hard for keeping their jobs, the CEOs and the owners are as well in a daily quest to keep up the name of their companies while earning as much popularity and fame.
Management drives the working of the entire company we can call it the think tank of the corporate. It is majorly responsible for maintaining employee input, company output and profits. When question arises of what is real management, it seldom goes by the bookish idea of it. The competition out there in the practical world of business can rare similarities with the theoretical idea of it. There are two kinds of managements that a leader can take up for the proper processing – effective and efficient. Efficiency and Effectiveness both have a prominent place in the business environment which must be maintained by the organisation because its success lies on them. Efficiency has an introspective approach, i.e. it measures the performance of operations, processes, workers, cost, time, etc. inside the organisation. It has a clear focus on reducing the expenditure or wastage or eliminating unnecessary costs to achieve the output with a stated number of inputs. In the case of Effectiveness, it has an extroverted approach, that highlights the relationship of the business organisation with the rest of the world to attain a competitive position in the market, i.e. it helps the organisation to judge the potency of the whole organisation by making strategies and choosing the best means for the attainment result.
There are a lot of decisions that the company has to take for its own good that may not come off as particularly ethical. In the movie ‘Corporate’, we are introduced to two rival companies – Sehgal Group of Industries (SGI) and Marwah Group of Industries (MGI) who would go to any extent to topple the one another. The plot of Corporate revolves around how politics is interconnected with business and vice versa followed by what unethical steps does the management have to take in order to maintain superiority in the game.
When MGI gets a certain contract through their political connection Gulabrao, SGI sends in their Vice President (Nishi) as a bait to get information from MGI’s employee Pervez. Once they have got the information and are counter-attacked by MGI for adding harmful pesticides in their cold drinks, they put the entire blame on Nishi to release the company of all charges. Here, we will notice how nobody’s position is secure in a corporate. Pertaining to the cut-throat competition, everyone is fighting to remain in power. Jealousy, pleasure, and the most common human sentiments are the key turning points in decision making. Later on, the owner of the company Sehgal did not bother about his pregnant employee Nishi (impregnated by Sehgal’s own brother) or the plea of his brother Ritesh of Nishi’s bail. However, Gulabrao was not ready to let her go even if SGI and MGI had resolved their issues because his political career could be threatened. Ritesh was found dead the following morning to which he had threatened his brother of exposing him in front of media and Nishi was still in jail. The movie ended with her still fighting for her innocence, with her 2 years old child beside her.
Value management is a combination of planning tools and methods to find the optimum balance of project benefits in relation to project costs and risks. It is the process of planning, assessing and developing the project in order to make the right decisions about the optimized balance of the benefits, risks and costs. The movie certainly went against ethics but at the end the corporate won against the mere individuals. The decisions that were taken by the owner of SGI were right for the company but when looked at it from the perspective or moral, it was an utter disaster, it costed them a murder, wrong allegations on the employees and a lot of under the table transactions.
BuzzFeed News: In response to the coronavirus pandemic, big clothing brands, including Ann Taylor, American Eagle, and Anthropologie, shut their stores across the world but earned praise for announcing they’d pay their store employees during the closures.
But employees told BuzzFeed News that the companies are misleading them as well as the public.
Store associates ended up getting paid very little or nothing after stores cut their scheduled shifts before announcing the closures. And employees said the companies have failed at communicating with them during the pandemic.
“They’ve been misleading, manipulative, and created far more stress in an already stressful time,” an Ann Taylor store manager, who requested anonymity for fear of losing her job, like several other people who spoke for this article, told BuzzFeed News. “People who shop there were texting me saying they were so happy Ann Taylor was paying associates, and I had to tell them they actually weren’t. Everyone is angry — clients, managers, associates. Everyone.”
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