a) Identify the mission values and key objectives of Tate and Lyle. How far does the expression of vision values and mission affect the performance of the organization?
Tate and Lyle’s mission is to focus on value-added products and extend its operation worldwide. This mission is fuelled by the company’s desire to increase profit. They also have a mission to be consistently first in customer satisfaction. The expression of vision values and mission are important as a means of focusing attention on the means and the ends ; a value statement reflects the means which will used to attain the ends spelt out in the mission statement. Mission serves a beacon for organization and its ...view middle of the document...
The community | | They expect more jobs, environmental protection, and corporate social responsibility towards the community. They also expect sponsorship of local events and good causes. |
Tate and Lyle has a business code of conduct that meets the stakeholder’s objectives. “Hiring and employment decisions, including those relating to compensation, benefits, promotion, training and development, discipline, and termination, are made solely on the basis of the skill, ability, and performance of workers. Discrimination is not permitted on the basis of gender, age, disability, marital status, sexual orientation, religion or other beliefs and ethnic or national origin”-this is part of the code of conduct covering the objectives of the employee.These shows that tate and lyle tries to meet the objectives on all levels.
c)What responsibilities does an organization have towards its stakeholders?Do Tate and Lyle carry these out?
Corporate social responsibility (CSR) can be defined as the "economic, legal, ethical, and discretionary expectations that society has of organizations at a given point in time" (Carroll and Buchholtz 2003, p. 36). The concept of corporate social responsibility means that organizations have moral, ethical, and philanthropic responsibilities in addition to their responsibilities to earn a fair return for investors and comply with the law.Corporate social responsibility is the responsibility of every organization to its stakeholders.
Tate and Lyle are carry out these responsibilities in all ramifications.The business code of conduct ensures that the ethical and moral aspects are met and In the financial year to 31 March 2011, Tate & Lyle’s total worldwide charitable donations were £346,000 (2010 – £714,000) this decrease is largely due to the sale of the Group's EU Sugar Refining operations.This shows the philanthropic responsibilities of Tate and Lyle being fulfilled.
a) Examine the impact of social welfare and industrial policy initiatives on UK business and public sector.
Social welfare policies are understood as the policies of Government to improve standard of living in a certain time. Therefore, objectives of social welfare policies are:
* Preventing social risks.
* Stabilizing and improving standard of living of social as a whole and individuals. Social welfare policies can be classified to 2 types:
* Universality: is the policy brings benefit for society as a whole. It means everyone can enjoy from the policy. Example: education, health care, infrastructure….
* Selectivity: the policy brings benefit to particular individuals or groups. This field, government have to decide who should be enjoyed from policy, it is very complex. Besides, when government chooses to include some people, simultaneously it has to exclude some people from policy. It is a trade-off decision. The UK is one of the largest producers...