Saturday 17 December 2011

Critical Summary "THE CORPORATION"

The documentary is about big corporations working as a backbone of 1st world country economies. According to the documentary the importance of corporations in all areas of life cannot be neglected, big corporations covers a large portion of life starting from Mother Nature, evolution of new things, industrial development and involvement of human resources. In most of the big organizations the main purpose of most of the operations is to earn profit & expansion by the provision of better services and oblique product to the end users, while doing so the top management of many corporations does not concentrate fully to the negative elements of the process. According to the documentary big tycoons of these corporations of developed countries like USA and UK have their production houses in those areas of the world where they get cheap raw material, labor and flexible labor laws.
Traditionally corporations were thought to be the place where people used to work and through which they were contributed to the development of their country. So corporation and workers were working for mutual benefit, these days trends have changed and due to huge disparity between the thinking of upper management and workers, the attention has gone in a different direction but top management of any corporation is least bothered about the basic rights of their workers, wages are not comparable to the inflation rate of the economy. Basic human rights and an appropriate work environment have not been provided to the labor class and frustration in employees is on the rise. The workers do not feel as a part of any decision making and hence no one feels inclined to both the mutual benefit of corporation and work force. Secondary the top management of any corporation is only about its stake holders and investors and least bothered about the damage they are doing to the people and environment, where according to the video shown the top management of any corporation is doing good for fewer people including its stake holders and owners while the majority of the environmental factors including humans and animals are being neglected, the origin of corporation was thought to be a single common unit of multiple people but the meaning of corporations have been changed, according to few corporate level stake holders their main objective is to generate profits no matter how, so organizations are neglecting their environmental responsibilities due to high rate of acidic/harmful discharge from the factories and production houses, the water pollution is on rise and the lives of people, animals, plants and sea creatures are in great danger. Likewise the smoke discharge from different factories is polluting the environment badly, so few of the top management people in corporations hold themselves accountable for damaging the earth as they were questioned by general public.
It was thought that corporations used to have huge responsibilities of environment and public, as time passed the care free attitude of corporations have made a general consensus that these corporations only work for their own benefit neglecting the basic public health issues, labor loss and environmental responsibilities. Child labor, low wages and unhealthy working environment are other key issues which are being unattended by the corporations as many of the owners of these corporations have never bothered to visit their productions houses or factories in poor or third world countries, they have not identified their problems of the working class and are really busy in doing the stuff which can make the profit doubled. The corporation has made them so powerful that they are controlling their consumer behavior by extensively advertising their products through print and electronic media. At times when a product is harmful for human life it’s portrait as healthy due to huge investment in its advertisement.

In other words organizations were called “Corporations” due to their nature and output cannot be called as corporations now days since the concept of mutual benefit for employee and employer has lost somewhere. Owners are working for the expansion and profit making and neglecting the part they should play for the betterment of their workers in terms of the wages, work environment. In addition to this the responsibility of the top management to protect human, environment, water, animals and other living life on earth has been neglected. It should not be neglected that corporations ultimately are built up on cooperation among various elements without a strong harmony among all factors of production of corporation cannot survive for long, they will dire need to re-evaluate and re-vamp the organizational system to have better human resource system.

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