Ethics Essay Example | Topics and Well Written Essays - 1500 words - 3

Ethics - Essay Example In a business environment, the three factors must be combined to accomplish organization’s goals through a set of relationships between organization’s management, shareholders, and other stakeholders. Structures in corporate governance are provided through which the objectives of the company are set and it acts as the means of monitoring performance and achieving objectives. Equally, an organizational structure seeks to determine how the roles, responsibilities and power are assigned, coordinated and controlled and how information will flow between different managerial levels. In a decentralized structure, the decision making power is evenly distributed and divisions and departments may have different degrees of flexibility and independence In a centralized structure most of the decision making flows from the top and it may have tight control over divisions and departments. ... Owing to innovations in information and communication technology the world has become increasingly virtual. This is a concept of people with complementary skills who are equally committed to a common purpose goal where they hold themselves mutually acceptable. The first major key to this is that the finance manager will be able to work across boundaries of time and space by making use of computer driven technology. Secondly, it enables the finance manager to interact with sub teams through interdependent tasks guided by common purpose and work across links lead by transport, information and communication. Thirdly, there is quick response to changing business environments making it easier for the manager to unite experts in specialized fields working far from each other digitally. It also provides greater degree of freedom to managers involved with development projects and it saves time and money. Although this virtuosity is effective, it is different from co-relation reasons being th at a manager must build trust differently because it is measured exclusively in reliability terms. Likewise, co-located teams benefit from facilitation of the manager while in virtual teams a manager must provide clear direction. Finally, decisions must be arrived at differently to avoid cultural bias (Kelley, 2001). Discussion 3 Barriers to Change as Depicted By Gayla Holges Organizational barriers are restrictions that rise on the eve of renewing an organization direction, capabilities and structure in a bid to serve the ever changing needs of both external and internal customers. According to Gayla Holges there are three major barriers to