Business, Environment, Ethics, and Strategies

Business, Environment, Ethics, and Strategies

Positive employee-employer relationship promotes the efficiency of employees as they put forth their best efforts. Consequently, positive relationships lead to higher employee productivity and organizational performance (Agarwal, 2016). Government policies are developed to promote a positive employer-employee relationship. The four perspectives of work and government policies include business growth, protection of the ecological environment, professional ethics, and business strategies. Ethical perspective in employment is the most important. Employment code of ethics requires employers and employees to act with a high level of integrity, and comply with existing laws and company policies in discharging their responsibilities. Complying with laws will extend to environment protection laws while company policies are likely to promote business growth and executing laid down business strategies.

VRIO Analysis

            VRIO is a strategic management analytical tool used to assess the competitive prospects of the firms based on their internal capabilities and resources. The VRIO framework determines the competencies and hence competitive advantages of the firm by evaluating the value and rarity of competencies and resources as well as imitability and organization (Knott, 2015).

The VRIO analysis of UCW has identified four types of non-core competencies. Even though multiple accredited is valuable, this element is common in the higher learning industry. However, partnerships, positive reputation, and student support are other non-core elements that are valuable and rare in most universities. However, these elements are easily imitable and organized by other higher learning institutions. Strategic location and students and employee inclusivity are other essential competency elements for the University. The core competences of UCW include a blend of online and on-campus programs, the high employment rate of UCW MBA students, and free workshops organized to promote personal branding and networking.

International students in Canada are less likely to find employment during their studies. The study work permits have imposed certain restrictions on the number of time students can commit tow working while studying. Based on this restriction, international students studying in Canada are less likely than their Canadian counterparts to combine study and work. Therefore, as an international student, am most likely to be included in the Canadian unemployment rate. Furthermore, international students are having is hard to find work due to lack of professional experiences. Besides, it is also claimed that international students are finding it hard to get the right jobs for their skills set and even struggle to fit work into their school schedule.

The introductory phase of industry is characterized by new product development and early marketing of products (Moretti, & Caro, 2017). For instance, ridesharing is a new industry still in the introduction phase. In this phase, the demand for products and services is unclear due to limited information on participants and products. For instance, despite hundreds of ridesharing service providers in Canada, very few are known to the market.

References

Agarwal, P. (2016). Psychological contract: managing the employee-employer relationship. LAP LAMBERT Academic Publishing Saarbrucken.

Knott, P. J. (2015). Does VRIO help managers evaluate a firm’s resources?. Management Decision.

Moretti, L., & Caro, S. (2017). Critical analysis of the life cycle assessment of the Italian cement industry. Journal of Cleaner Production, 152, 198-210.