Greed is Bad

Greed is Always Bad

Now a days there are lot of discussion about whether greed is good or not. I think it’s become a topic of discussion for everyone after economic downturn and collapse of many organizations. We all know the reasons for financial crisis and with all those reasons, the conclusion always comes that one of the reason for crisis was the Greed. There are many examples of companies who failed because of greed such as; one of the more notable cases of greed was Enron’s leadership. The Enron scandal came in October 2001. It was very well respected company and there were many people who would like to work with such a big company but it was involved in many unethical cases like fraudulent self-dealing, falsification of financial information, and illegal market manipulations. Enron acted unethically, illegally and in conflict with their stakeholders’ for their best interests over the past decade. The other examples include, Satyam Computer Services which was one of the respected companies in India and this company chairman in January 2009 had admitted that had intentionally fixed the balance sheet, which included a severely inflated cash number, the subjecting of a major liability on funds arranged by him. A collection of other big name fraud and greed cases include WorldCom Inc, Tyco International Ltd. The greed and fraud leadership of one person negatively affected so many innocent people. So with all these crises, conclusion only comes that greed is not at all good.

Though there are many people who won’t agree with my point and will stuck that greed is good for business. I too agree that greed is good for business in order to have profit, but excessive greed is always bad for the business. There are natural disasters and there are man-made disasters and man-made disasters are always caused by their excessive greed. Now a day’s leaders are so preoccupied and totally focusing on with the goal of profit maximization for self-serving interests that they are not considering the implications and their actions which are affecting too many parties include both shareholders and stakeholders. And these leaders are breaking all the law, ethical boundaries and putting their own benefit and interest in front of those they were supposed to be representing. In a past we have seen many such leaders’ example that done business for their self interest. I know every business work for self interest but there is lot of difference between self interest and more self interest. In self interest, leaders are not only thinking about their business but they also think about the things which are associated with environment both internally and externally whereas in more self interest, leaders only think about their business and how to earn lots of profit. So because of excessive greed millions of ordinary people across the countries are suffering and they are still paying it now. They are paying it in damaged pensions, higher mortgage rates, and vulnerable savings and of course they have lost jobs. A self interest or greed should only be there when you are not harming others with your action and making money by following all rules and regulation and doing business more ethically. In that case doing greed for your company or business is not bad. Greed is only bad when you are doing any activities which you know it is not good for a business in a long term.

I think there is such a term in the business world as a fair profit and a fair competition in which everybody in the business world is making profit, rather than one particular business that is gobbling up all of the interests of others. We know money is the root of all evil, it desire for status, either greed to increase one’s status, or jealousy over losing in the status game to others. Desire for money or greed for money is a good thing when people play by the rules and when their desire for money and status results in better ways of doing business and in invention that help people and that make the world a better place. Desire for money and status is only bad when people do bad things in order to obtain what they desire or they are self centered. Therefore the goal of a government should not be to punish people for being successful in obtaining money, but to create rules to ensure that competition for money results in good for society. So greed is only good when it is better, not only for business but also for stakeholders and stockholders.

Recruitment Strategy

Steps of Recruitment Strategy through Social Media

Now a day’s social networking site is playing a very important role in every one life. It’s not only helping people to find, make and interact with old and new friends but also helping people to find their jobs. Now those days has gone were people has to look for the job only in job search engine, now they can see job in the social site and can also interact with the people in order to know more about their company and culture where they are applying. In social network site almost everything is open, here not only candidate will come to know about the company but social networks are also helping employers to search the proper candidate in order to fit them for the suitable positions. Therefore with the help of social network site an employer can get a lot of information about the candidate not only professional but also personal information and their behaviors. So accordingly company can analyzed whether a candidate is really fit for the company job or not. So social networking site is not only helping the candidate to find the better job but it also helping the company to find the better candidate and brand their company in the market. Now a day’s a lot of company are recruiting the candidate through social network site and I think it’s a best way to recruit the candidate through social site as there are numbers of people who are using these networking site and have their profile on that. And now a day’s more than 40% of the company’s are recruiting the candidates from social site only. So in my opinion social media is not the answers of HR recruitment but it’s a tool that should be added in recruitment process.

These are the steps that company should do if they are planning to recruit people from social network site:

1) Open an account on various social sites. LinkedIn and facebook are the two most famous sites were almost most people are having their profile in it across the countries.
2) After opening your company account, try to connect with people and groups as much as possible related to your business.
3) Use your employee’s networks in order to connect with their network because chances of your employee’s network are almost those people who are into the same fields as of your employee’s.
4) Try to post as many as videos, events in social site and also into You Tube mentioning about your company and its culture and also how work and recruiting process take place in your company. This is the most effective way of attracting the candidate from your side as people will get lot of knowledge about the company and their process.
5) The next most effective way of attracting the candidate is to write the blog. Involve every employees of your company to write down the blog about their learning experiences which they got from this company. It would be more effective, if higher level people of the company’s are also involve in writing the blog about their company and work experience, it will create a good image about the company in front of outside people. Therefore involve as many as people from higher level to lower level people to write down the blog and allow them to post a comment on the blog.
6) Make your employees and managers to run online career fair and discuss more about the company and its way of doing business.
7) Involve as many people to engage and have open discussion. Engagement should be there from both the sides and it should be transparent not only from candidate side but also from company side because companies also need candidates.
7) Always create fan page on social network site.
8) Use technology like RSS, feedburner etc.
9) Set up an internal tagging site on social network, so that anyone can tag you internally and externally.
10) Implement Live Chat on career page, so that if anyone has any query related to job or company they can discuss at the same time which is more speedy way of knowing the candidate as well as company.
11) Most of the company’s use social network site for positing the jobs, that’s true we have to post the current job but don’t just post the job because it’s really about branding your company and culture to attract and retain the employees. So involve the candidate and have an effective communication from both the side.

So these are the few steps that any company should try to do if they are planning to recruit the candidates from social networking site. These sites are not only effective in hiring process but also cost effective when compare to other tools.

Experience

My beautiful Experience in USA

There's something addicting about starting off in a new place, I realize that now. Coming to USA first time was so excited for me. Every time going to find something new in culture, people, work, education etc but are usually quite interesting and charming, especially if you learn to embrace them and accept the fact that they might be feeling the same thing towards you.

The diversity of cultures that I have seen here in USA has shown me that there's something about cultural diversity that I liked very much. I am curious about everything that's different from who I am. Looking back on my past I know things have been quite different for me. Everyday life in India as a high-tech professional with the routine work of family, friends and politics has had an enormous impact that blinded me of the outside world. Sure, I saw the news, I watched endless foreign films, but it was all plain ordinary part of my India life routine. Seeing USA culture from far is totally different then experiencing that culture. Though there are so many people with different cultures and backgrounds but they have a freedom to do whatever they want until and unless you are not harming others.

I remember I couldn't even understand people who wanted to travel or to live for a few years out of India, not because I was patriotic, very connected to my home or too dumb, but because of something else. I used to think it's the fear of culture shock and hardships with affects like loneliness or feeling home-sick but now I think it's because I was afraid that I will like it too much that I would feel heartbroken when it's time to leave. I loved the fact that they knew nothing about Indian culture and I also knew that I don’t know anything about them and I was ecstatic about slowly picking up a new language.

In the years of my childhood, the US was as distant from my own culture as I could ever grasp or imagine. I am not sure what this realization would mean to me or how it would influence my future but at this very specific point in my life there's no escaping the fact that culture is not only something I got used to it but also something that I have come to love. Till now my experience in USA is very good. People to whom I have associated professionally or personally are very kind and always ready to help whenever we need them. And I am still looking forward to have some more good experiences in my life with lots of learning from this country.

Purpose of Business

Primary purpose of any business is to make commitment to doing business in a way that is ethically, economically sound and socially responsive to the need and the wants of the company’s stakeholders. Stakeholders include customers, suppliers, employees, shareholders etc. And if any of these stakeholders cannot get what they need from the business will always get fail. Of course profit or bottom line is the part of the business which everyone has to think about that but purpose of any business should always be beyond the profits. Business should not only be responsible for stockholders but also for stakeholders. It requires acceptance and dedication to its value, understanding the problems or complexities of society and individuals and finding those solutions to solve the people problems.

Many businesses and people think that the primary responsibility of any business is to always think about the profit. So the businesses who think that they have to only concern for profit and nothing else. So my question is, any business should think profit at what cost. By following all unethical practices, greed’s etc. In past many businesses collapse because they always thought about the profit and due to this they followed all unethical approaches to gain lots of profits, which ultimately made them to go out of business. I don’t say business should not think about the bottom line, every business should think about the profit but profit is only for sort terms but in a long term or in a long run only those business survive who have a strong philanthropy or highly social responsible and have a good reputation in front of customers and in the market.

Even if business thinks that they have to make profit and they are in the business only for making profits. So in my opinion they are making profits not only by producing and selling their products and services but directly or indirectly stakeholders are helping businesses to make their profits. For example, customers are going to buy only those company products who had good image in the market and to whom they can trust, employees are going to work with those company’s only who respect them, suppliers can have partnership with those company only to whom they rely on. And also shareholders are not concern were their money are floating, they are more concern about the increase in the long term value of shareholders. Most of the people think that share price of any company increases because of the company profits. More will be the business profits, higher will be the price of shares. But the share price of any company’s rises not only by its profits but also due to its reputation, as people are going to buy those company shares only that they know what its market values. Therefore it’s very important for any business to not only think about profits as a primary purpose but they should also think about their stakeholders, society etc. And the businesses which are selfish in motivation, narrow in outlook and instrumental in behavior is rarely successful business.