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2 pages/≈550 words
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1 Source
Level:
APA
Subject:
Business & Marketing
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Essay
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English (U.S.)
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Topic:

Regulatory Body. How regulatory bodies affect financial decision-making in Wal-Mart? (Essay Sample)

Instructions:
Write how regulatory bodies affect financial decision-making in Wal-Mart. source..
Content:
REGULATORY BODY 1
HOW REGULATORY BODIES AFFECT FINANCIAL DECISION-MAKING IN WAL-MART
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REGULATORY BODY 2
Abstract
Corporate executives all over the world faced with various challenges in their operations as they balance between social responsibility and business sustainability. Hard decisions have to be made most of which have financial implications to the organization. Business operations are normally regulated or supervised by the government for the benefit of the public. Regulatory bodies exist in order to enforce standards and safety and also to supervise use of public goods as well as to regulate trade. Regulatory bodies make policies which businesses are required to follow in their operations. Failure to follow the guidelines may hurt the general public and also result to stiff penalties against the business organization.
REGULATORY BODY 3
Individuals and organizations make decisions every day. While some decisions are clear and simple, others are a bit complex, involving and with far reaching effects. Complex decisions are riddled with uncertainty, complexity, alternatives, high-risk consequences and interpersonal issues amongst other issues. Effective and clear processes should be used in making difficult decisions in order to achieve consistency and high quality outcomes (Introduction to Decision Making Techniques).
The choice an organization makes in the process of its operations determines its success. Wrong decision making in an organization may cause a great deal of negative effects. The way individuals perceive their external environment influences their manner of behavior.
Organizations spend lump sum amounts of money and resources in an effort to create conducive working conditions for their staff. Workers productivity in an organization is influenced by how they believe their work situations are, rather than how the work situations are in reality. Good managers should assess how their staff perceives their jobs in order to influence productivity.
Organizations should make sound decisions on financial management. Informed fiscal policy...
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