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Read the statement below and answer the questions that follow - NSC Business Studies - Question 6 - 2016 - Paper 1
Question 6
Read the statement below and answer the questions that follow. Businesses are compelled to ensure that employees work in a safe environment and that workplace injur... show full transcript
Worked Solution & Example Answer:Read the statement below and answer the questions that follow - NSC Business Studies - Question 6 - 2016 - Paper 1
Step 1
Identify the Act that is applicable to the scenario above.
Answer
The applicable Act in this scenario is the Compensation for Occupational Injuries and Diseases Act (COIDA) of 1993. This Act aims to provide compensation for those who are injured or contract diseases due to their work environment.
Step 2
Outline THREE actions that could be regarded as discriminatory, with reference to the Act identified in QUESTION 6.1.1.
Answer
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Bribing or Preventing Reporting: Employers who bribe or prevent employees from reporting workplace accidents or injuries violate COIDA by not ensuring that the necessary reporting mechanisms are followed.
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Delaying Claims Processing: Employers who take excessive time to process claims or deliberately delay claims for the injured employees can be deemed discriminatory as they hinder the employees' right to seek compensation.
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Discrimination Against Injured Employees: Employers who do not contribute to the compensation fund or discriminate against employees based on their injury status breach the provisions set out in COIDA, thus engaging in discriminatory practices.
Step 3
Describe the strategic management process.
Answer
The strategic management process typically involves several key steps:
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Setting Objectives: Establish a clear vision, mission statement, and measurable objectives that guide the overall direction of the organization.
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Environmental Analysis: Conduct an analysis to identify opportunities and threats in the external environment, as well as strengths and weaknesses within the organization using tools such as SWOT or PESTEL.
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Strategy Formulation: Develop strategies that align with the organization’s objectives and address the identified challenges and opportunities.
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Implementation: Put the formulated strategies into action, ensuring that resources are allocated accordingly and timelines are established.
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Monitoring and Evaluation: Regularly review and assess the effectiveness of the strategies applied, making adjustments as necessary to ensure goals are met.