Thinking and Managing Ethically

Pages 14 (3514 words)
Download 0
Small and medium enterprises are the primary elements of any private sector. They are the chief reasons for rapid economic growth resulting from enormous creativity and innovation. A number of entrepreneurs are generated from these SMEs every year…


al, 2007).
CSR is playing an inevitable part and becoming more and more important in practice. It has an enormous potential to deliver better results while adding to business practices and knowledge. Corporate social responsibility plays a vital role in small and medium enterprises as more than 90 percent of enterprises in Asian Productivity Organization are members of SMEs. Gross domestic product consists of 75 percent of these enterprises (Hassan et. al, 2007).
Small and medium enterprises (SMEs) stand for the companies whose turnover lies in certain limits. However, Malaysian SMEs are categorized as per the size, turnover and activity. In broad terms, Malaysian SMEs are defined in two major categories (Saleh et. al, 2006):
The 2000 census conducted by the Department of Statistics in Malaysia shows that there were about 20,455 active firms in the manufacturing segment when talking about the total numbers of SMEs. This figure was out of about 44,185 manufacturing firms registered with the Companies Commission of Malaysia (CCM). Textiles and apparel segment contributes the largest segment of about 17 per cent of the total enterprises. ...
Download paper
Not exactly what you need?

Related papers

Managing Diversity Essay
That is, in the current times, recruiting the employees is only task half-done, recruiting from diverse background appears to be a key necessity, as it will enable them to elevate their ethical image and importantly fulfill corporate social responsibility (CSR). In that direction, various well known organizations are recruiting employees from diverse backgrounds, so it can incorporate diversity in…
System Thinking
The company has challenges in productivity since the personnel is not adequately equipped to the development of widgets and operations and management of the IS. The input devices to the IS that will be included in the improvement include computers (workstations), software, and people resources. The company has a challenge in the number of computers it owns. The workers in the establishment have to…
Lean Thinking
Its adoption of this strategy seems to be the reason why this business organization has survived in a competitive business environment. Supply chain management is a strategy that is used to streamline all business operations to ensure that they occur at the least cost possible and in the most efficient manner. In a competitive market environment, the cost of a product dictates the attractiveness…
Design Thinking
This paper is going to discuss design thinking in relation to Mr Porter, an online retail shop for men’s clothing. Additionally the paper is going to survey the benefits of design thinking to Mr Porter as an online clothing shop. Finally, this paper is going to give illustrate how design thinking can be used to solve current problems and future problems in the design industry, specifically Mr…
Systems Thinking
The task undertaken by every employee in different tiers could vary in nature and hence the activity transfer across two levels need not be identical. Or the rate component in the system is varying. The auxiliaries refer to the actual or nature of work undertaken by the employees that decides on the influence of the rates with the levels.…
The Use of Open System Approach in Managing Change
It is to be noted that many changes are exciting, leading to new opportunities and challenges. When these changes occur too rapidly or demand too much of the individuals passing through the process of change, they can make individuals very uncomfortable (Heward, Hutchins, and Keleher, 2007, 170-178).…