Jun 29, 2011

A 13-Point Procurement Ethics Checklist By Charles Dominick,

* Do not accept money, goods, services, or favors from suppliers
in exchange for information, decisions in their favor, or,
really, anything else.

* Comply with your employer's policy on accepting gifts, meals,
and entertainment from suppliers.

* If your employer's supplier gift policy allows gifts to be
accepted from foreign suppliers for cultural reasons,
distribute those gifts to others in the organization who are
not involved in decisions affecting the associated suppliers.

* When weighted supplier selection criteria are established
before soliciting bids, do not change the weightings or
criteria after receiving bids unless legitimate, new
information has been discovered.

* Do not "use" prospective suppliers solely to pressure
incumbent suppliers - only request bids from suppliers who
truly have a chance of winning your employer's business.

* Never share a supplier's proposal details with another
supplier unless required by law.

* Never buy or hold the stock of your employer's suppliers.

* If a relative, friend, or yourself owns, manages, or sells
for a supplier, recuse yourself from decisions involving that
supplier and do not access related information unavailable to
competing suppliers.

* Either avoid soliciting charitable donations from suppliers
or ensure that suppliers know that donating or declining to
donate will not impact the opportunity to do business with
your employer.

* If you have a second job, do not use the time or resources of
your primary employer to perform activities related to that
second job.

* If you have a second job, do not use your primary employer's
information to support your second job.

* If you have a second job, do not sell to the suppliers of
your primary employer.

* Actively try to educate other employees - including those
outside of the procurement department - about ethical
supplier interaction.

Jun 26, 2011

Creating value

http://www.youtube.com/watch?v=cTbs9pfQS2M&feature=player_embedded


Some of the good points:

McDonald's is making a bit of a gutsy move to admit that although their jobs really are "just" flipping burgers, they are still solid jobs in a difficult economy.
I'm sure the underlying meaning was to improve the company's reputation, but in doing so they are also supporting and promoting the value of their employees.
You'll notice the defined feedback and training (and train-the-trainer) programs create progression and promotion opportunities.
You may also notice a couple situations where mistakes were made - but the intent was to learn from the mistake to improve the process, not pound on the person.
Note how McDonald's differentiates their training and promotion opportunities from other low wage jobs.


Read more: http://www.evolvingexcellence.com/blog/2011/06/mcdonalds-and-the-value-of-employees.html#ixzz1QQyj7FCT
at Evolving Excellence

Jun 11, 2011

Infosys's Narayana Murthy @ 30th and his last AGM as Chairman

"We have to be firm in pursuing our values; recognise our weaknesses; embrace meritocracy, be open-minded about learning from people better than us, learn from our mistakes and not repeat them; be humble, honest and courteous; be firm in taking quick decisions even though some of them may be unpleasant in the short term, benchmark with the global best in every dimension, and encourage innovation at every level to perform at global levels," Murthy exhorted the new managers and the shareholders.