Individual Reflection PDF

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After a semester of study, I believe I have learned a lot of theoretical knowledge from COMM331. This knowledge help me make the right choice in future work. On the other hand, some theories have also improved my life. Among them, I think systems thinking, global trade and corporate governance these theories are very useful to me.

First of all, system thinking is the process of putting things together and interacting with each other throughout the process. We can think of problems as part of the whole, rather than responding to specific parts or results. System thinking allows me to look at the problem more comprehensively and think about the whole problem in a decentralized way. Anything related to the problem should be considered. In the early days of IDLE, how to increase customer orders and how to let customers know our products are the key points. Through discussion, we found that this can be achieved not only by increasing advertising costs. When I set my sights on the entire company, we also believe that product prices, employee skills training, and raw material suppliers may all affect customer demand. This conclusion be drawn because our team makes good use of system thinking and can more comprehensively analyze the interaction of customer needs and other factors. Therefore, our team can make the most appropriate decision for the company.

Global trade is the economic exchange of long-distance goods and services between different countries or regions. Although globalization has brought many benefits to the economy, it has brought many bad effects, but in general, the benefits still outweigh the disadvantages. First, I can learn about different foreign products. In IDLE, we need to select suppliers from different regions to provide our company with raw materials, and we also need to pay attention to whether the supplier affect the company's reputation and product quality. So choosing a good and reliable supplier is what we must do. When we choose raw material suppliers from different countries, we find that choosing suppliers from different countries will affect the quality of our products. The raw materials in G1 developed countries are usually reliable. Although

the cost is high, the quality of the products is more important for the long-term development of the company. Therefore, we compared suppliers from different regions and finally chose suppliers from developed G1 countries. In general, global trade provides many opportunities for company development, but we need to make the right decisions.

The definition of corporate governance refers to the coordination of interests between the company and all stakeholders through a set of internal or external systems. Through these systems, the company reasonably exercise and control power, thereby making scientific and effective decisions, and protecting the company's benefits. When I was thinking about decision-making at IDLE, I believed that our company should not only maximize shareholder wealth, but also need to have a sense of social responsibility and establish a good social image. Good corporate governance can more easily achieve long-term corporate goals. We strive to meet the needs of employees and improve their job satisfaction. First of all, we not only provide high wages, but as the working hours increase, we will also increase their wages. We try to reduce overtime as much as possible. If employees have to work overtime, the company will provide additional wages to meet the needs of employees. On the other hand, we provide comfortable and safe environment for all overseas employees. We also provide training on health, safety, sustainability and ethics for all employees. Finally, in terms of sustainable development, I think most e-waste must be recycled or reused, and exhaust emissions should also be treated. For the long-term development of the company, I am willing to reduce some profits to protect the company's reputation and social image. In general, corporate governance is essential in the development of enterprises. A good company requires good corporate governance, and we can not just focus on benefits.

In business, the UN Global Compact principles are very important principles. In real life, company executives often do some unethical behaviors because of money, such

as hiring child labor, paying unreasonable wages, and polluting the environment. Because of the constraints of the UN Global Compact principles, many companies have gradually realized the importance of human rights and the environment. For listed companies, people and regulators have the right to monitor the company’s compliance with the principles. However, there are still corruption in some companies. In order to save costs, some companies do not give employees reasonable benefits and wages, and even hire child labor and force them to be in a dangerous working environment. The labor standards principles in the UN Global Compact principles regulate the company’s employee system, guiding companies to respect human rights, refuse to use child labor, and eliminate discrimination against female employees. On the other hand, environmental protection principles guide companies to deal with harmful gases and electronic waste in a more effective way, such as recycling or reusing electronic waste. At the same time, this also promotes enterprises to actively research new environmental protection technologies. The UN Global Compact promotes the long-term development of enterprises, and enables enterprises to have a sense of social responsibility and establish a good social image.

In version A, I have learned basic business theory knowledge such as corporate governance, global trade, etc. I will apply these theoretical knowledge to promote the long-term development of the company. In terms of decision-making, I improve the company's labor system, protect the environment, and commit to sustainable development. At the same time, it aims to maximize shareholder wealth and establish a good social example. In version B, because of the lack of relevant knowledge, I cannot think about how the company should develop in the long term. I may only focus on short-term benefits. In terms of decision-making, I will save costs, pay unreasonable wages and even hire child labor. On the other hand, I do not care much about environmental pollution, which leads to environmental damage.Version B be rejected due to staff pressure and environmental damage....