Tuesday, October 18, 2016

Socially Responsible Companies

Understand and Contrast the different influence cultures have on business

Understanding cultural differences and overcoming language barriers are some of the considerations people should have when dealing with business with people of various cultures. Often business deals are lost because the parties involved did not take the time to learn about their each others' cultures prior to interacting.
In some countries, like the United States and Germany, it is common for people to speak loudly and be more assertive or aggressive when sharing ideas or giving direction. In countries like Japan, people typically speak softly and are more passive about sharing ideas or making suggestions.

Hong Kong 

Manufacturing in Hong Kong consists of mainly light and labor-intensive industries.In the 1970's, Hong Kong's factories increased from 16,500 to 22,200. The number of workers increased from 549,000 to 871,000. The value of domestic exports increased from $1,234,700,000 to $5,591,200,000, and increased by 18.18% every year. The Hong Kong statutory minimum wage for non-domestic workers is HK$32.5 (~US$4.19) per hour, effective 1 May 2015. Although, it is not guaranteed that these wages are enforced. 


United States 

In the most recent data, manufacturers contributed $2.17 trillion to the U.S. economy in 2015. For every $1.00 spent in manufacturing, another $1.81 is added to the economy. The vast majority of manufacturing firms in the United States are quite small. There are currently 12.3 million manufacturing workers in the United States, accounting for 9 percent of the workforce. Over the next decade, nearly 3½ million manufacturing jobs will likely be needed, and 2 million are expected to go unfilled due to the skills gap.Over the past 25 years, U.S.-manufactured goods exports have quadrupled. Wages in Manufacturing in the United States increased to 20.59 USD/Hour in September from 20.47 USD/Hour in August of 2016. 

Compare productivity with happiness
A recent study by economists at the University of Warwick found that happiness led to a 12% spike in productivity, while unhappy workers proved 10% less productive. As the research team put it, "We find that human happiness has large and positive causal effects on productivity. Positive emotions appear to invigorate human beings." 
Professor Andrew Oswald, one of three researchers who led the study, said companies that invest in employee support and satisfaction tend to succeed in generating happier workers. At Google, employee satisfaction rose 37% as a result of those initiatives—suggesting that financial incentives aren't enough to make for highly productive employees. 


Socially Responsible Company 

SurveyMonkey 

SurveyMonkey is best known for its easy-to-use survey creation software, but the company's nationwide survey service, Audience, was created as a way to give back to deserving causes across the country. Instead of offering cash and prizes to survey takers, SurveyMonkey donates 50 cents per survey completion to the taker's charity of choice. In 2013, the company donated more than $1 million to organizations such as the Humane Society, Boys & Girls Club of America, and Teach for America.


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