Influential Decision Making – Structures and Lines of Authority

Influential Decision Making – Structures and Lines of Authority

How do values and attitudes influence decision-making?

Bloomberg L.P. outlines its values as diversity and inclusion, tech at Bloomberg, philanthropy, and sustainability. The values are applied in all activities within the organization, including decision-making. The values are also essential in supporting the company’s innovative culture by influencing employee behavior. Diversity and inclusion are applied in making hiring decisions. The company recruits and nurtures talent from different backgrounds to increase innovation. According to Bloomberg L.P. (2022), diversity and inclusion are emphasized in the company’s policies. The company has established systems to maintain and promote equality, including employee awareness programs. Tech at Bloomberg is applied in deciding the areas the company should focus on when innovating. Philanthropy is applied in making decisions on expanding the company’s services and creating an inclusive global economy. The company focuses on helping communities use data to create better civic outcomes, supporting cultural institutions to engage many people through technology, and giving people an opportunity to learn the technical, coding, and soft skills required to unlock opportunities and create progress in the digital world.

Are you seeking help with your assignment ? Get in touch with us.

Consistently, Bloomberg L.P is committed to making the finance sector more accessible to women and other underrepresented groups globally by offering resources that nonprofits and small businesses need to innovate. The company has also created a network of nonprofit organizations to ensure that people from underserved communities worldwide have the relevant experience and skills required for entrepreneurship and employment. The company applies sustainability in making decisions on how to transform the company’s operations and inspire employees. The company is committed to reducing carbon emissions by transforming its operations to increase sustainability (Bloomberg L.P., 2022). The company finds innovative ways to reduce emissions and waste to reduce its operations’ impact on the environment, improve operating margins, and minimize avoided costs and risks. Employees are actively engaged in addressing environmental and social issues that are relevant to the company and the communities around it. Bloomberg L.P. also offers different career paths for entry-level employees. For example, engineers can apply their technical skills and assume leadership opportunities in different areas within the organization. Employees in other departments, such as customer service and analytics, can develop their expertise through different training programs offered within the company.

How do values and attitudes influence the various structures and lines of authority?

Bloomberg L.P.’s engagement and philanthropy program focuses on engaging employees in the company’s operations and inspiring them through education programs and mentoring initiatives. The company has targeted mentorship programs that pair employees with managers to give them access to opportunities they can leverage to develop their careers. Employees are encouraged to develop their careers by taking advantage of the opportunities offered within the company. Bloomberg L.P. also encourages employees to innovate and collaborate in implementing new ideas. According to Bloomberg L.P (2022), the company’s engineers are members of the open source community, enabling them to leverage and contribute to open source software in the company’s products. The company provides an opportunity for technical employees from different backgrounds and acknowledges underrepresented individuals’ specific ambitions and needs.

The company empowers employees through a workplace culture characterized by teamwork and support from top leaders. For example, the company has tech groups designed to address the unique challenges and experiences of underrepresented employees in the technology sector (Bloomberg L.P., 2022). Each department in the company develops an annual plan for diversity and inclusion. The company engages employees in discussing diversity and provides managers with practical approaches that can be implemented within teams to improve leadership. Managers are also trained on how to reduce bias in the workplace and encourage employee collaboration. Bloomberg (2018) argues that the workplace at Bloomberg L.P. is open to facilitate the flow of information. Employees are allowed to work on important projects with minimum supervision. The company also rewards employees to keep them motivated to work on different projects within the organization and share ideas that can be applied to support the company’s innovation efforts.

Sustainability and philanthropy create a foundation for the company’s interactions with stakeholders. The company partners with leading organizations to meet its goals, strengthen and broaden its global access to talent, and invest in research. The company also partners with the community to implement its sustainability initiatives. The company has established Bloomberg Philanthropies, which engages in charity activities. According to Bloomberg L.P (2019), Bloomberg Philanthropies has collaborated with nonprofit advocacy entities to create economic opportunities for women through entrepreneurship programs, life skills, civic education, and job training. The company offers a wide range of exploratory, apprenticeship, and internship programs for students at different stages of their studies and entry-level roles that include training for new graduates interested in joining the company’s workforce (Bloomberg L.P, 2022). The company’s technology practices offer connectivity and integration of professional services and products in the company’s branches. The company also focuses on increasing employee retention by offering a supportive work environment and clearly outlining policies and procedures to prevent conflict within the organization. The company also encourages its employees to work in its different branches worldwide. Employees traveling to another country to work at Bloomberg L.P.’s offices get relocation support from the company.

References

Bloomberg L.P. (2019, July 15). Bloomberg Philanthropies. Bloomberg. https://www.bloomberg.org/

Bloomberg L.P. (2022). Bloomberg. Bloomberg – Are you a robot? https://www.bloomberg.com/company/stories/how-mentorship-levels-the-playing-field-for-bloombergs-black-technologists/

Bloomberg. (2018). Bloomberg: the man, the company, the culture. Bloomberg – Are you a robot? https://www.bloomberg.com/company/stories/bloomberg-man-company-culture/

ORDER A PLAGIARISM-FREE PAPER HERE

We’ll write everything from scratch

This order is related to ##47349.
Influential Decision-Making / Structures and Lines of Authority
In this week’s milestone, you will address two questions regarding your chosen organization.
How do values and attitudes influence decision-making?

Influential Decision Making – Structures and Lines of Authority

How do values and attitudes influence the various structures and lines of authority?
Be sure to carefully consider your research question. Reflect on further defining your research problem (the problem you identified in your selected company.) Also, consider as a part of answering the question, whatever preliminary suggestions seem relevant as solutions to your stated research question.
This section should be 3 to 5 pages. Please use APA format when writing this assignment
Reference textbook:
Organizational Behavior: Emerging Knowledge. Global Reality 9th
Steven McShane and Mary Von Glinow
2021 McGraw Hill