How to Develop Vocation in Financial Worker: Funds Manager Perspective - Coursework Example

How to Develop Vocation in Financial Worker: Funds Manager Perspective Name Institution How to Develop Vocation in Financial Worker: Funds Manager Perspective Introduction In the 21st century, there continues to be a debate on the thought regarding the influence of personal practice conflicting ethical theory in the context of finance. Evidently, individuals who are working in finance continue to experience criticism relating to issues such as overcharging and over-servicing. It is ideal to engage in the identification of what is good in the literature such as virtues. The objective is to motivate individuals working in the financial sector to engage in the accomplishment or fulfilment of their potentiality, as well as contribute towards realization of the goals and targets of the society (Asher, 2015). The purpose of this paper is to adopt and implement funds manager’s perspective in the course of examining how to develop vocation for financial workers or employees in the 21st century. Background Information In the first instance, it is valuable for the financial workers to engage in understanding and exploiting this knowledge regarding how successful people attain their goals in the midst of potential injustices. There proves to be some experiences of injustice and analysis regarding how they guide people against the traditional model of justices (Jiyane & Zawada, 2013). The specific faults of the modern practice in finance emanate from the traditional model. Following the identification of the reason, it is valuable for the financial workers to engage in the adoption and implementation of strategies to overcome justices while improving the ethical nature of their transactions. In the second instance, it is ideal for the financial workers to demonstrate their knowledge regarding the purpose of the financial services and social responsibility. It is valuable to note that financial workers tend to play crucial social and economic obligations in the course of allocating the capital to the productive and innovative users within the society. The vocations of such financial workers enjoy close linkage to the development of the society and economy. In attempts to develop the vocation, financial workers need to find strategies to make valuable contributions, thus, flourishing platforms for everyone during communities while realizing the importance of their roles and expectations for the social needs. The approach will focus on the assessment of the new methods in the course of encouraging themselves to facilitate fulfilment of the vocations through working on the transactions with head, hand, and heart. The approach will enable the financial workers to cultivate personal virtues of the self-control, wisdom, and integrity (Avis, 2012). Financial workers have the ability and potentiality to enable development of the personal strengths, thus, the opportunity to improve their competences in addressing the demands and expectations of the target audiences in the financial sector. In this paper, the essay will aid in the provision of perceptions about the development of vocation in financial sector. The essay involves understanding of other people’s experience and the model of justice towards the development of ethics and competence in the financial sector (Berings & Adriaenssens, 2012). The development of vocation in financial sector is essential in the course of integrating the following components: ethics, economic responsibility, social responsibility, and environmental responsibility in pursuit of sustainability. Ethics Ethics is one of the valuable components in the financial sector. In developing vocation in the financial sector, financial workers have the obligation of integrating ethics in huge financial transactions. Ethics will play a critical role in creating trust among the financial practitioners and personnel. In the absence of trust, financial practitioners congeal in the arteries within the economy, thus, collapse in the financial sector (Cassis, 2016). In the second instance, ethics is essential in finance because of the powerful nature of the financial sector within the society. It is valuable to note that commodities and products or services, which underpin developing economies, tend to change price through the financial transactions, thus, the need to develop vocation in the financial workers to work appropriately from an ethical perspective. Evidently, numerous financial practitioners work in the financial world and sector (Dhingra & Mittal, 2014). Ethics will facilitate effective financial transactions in the midst of the numerous financial personnel. From the above illustration, ethics proves to be one of the most valuable elements of the vocation in the financial work, thus, the opportunity to facilitate the development of quality financial workers in the financial sector. These financial workers need to demonstrate morality and ethics in addressing diverse financial transactions in accordance with the demands and expectations of the consumers in the market and industry of operation (Jamal & Mandal, 2013). Similarly, it is ideal for the financial workers to incorporate ethics in the course of presenting financial statements to the potential investors in the course of addressing the desires of the clients in the financial sector (Tsingou, 2015). These aspects are valuable in enhancing effectiveness and efficiency in the financial sector in the modern context. Economic Responsibility Economic responsibility relates to the ability of the financial and business corporations to grow their entities through responsible and continuous strategies to improve the financial performance in the long-term context. This is through rooting the strategies of the organization in the commitment to the financial responsibility (Farazi, 2014). In such instances, financial workers have the obligation to gain understanding of the economic responsibility in the provision of stable or sustainable business for the employment and growth of the economy. Such practices are valuable in the provision of a better world for the future generations without jeopardizing satisfaction of the needs of the current generations. In the 21st century, financial workers have the tendency to engage in the assessment of the strategies to pursue economic goals and targets. Nevertheless, it is valuable to consider the economic responsibility and sustainability. Economic responsibility must associate with the essence of ethics, thus, the platform to ensure that financial workers make valuable and ideal decisions in accordance with the expectations of the target audiences (Ennew, Watkins, & Wright, 2014). Ethical decision-making enables the organizations to make valuable profit levels while reducing the costs of operations. Such financial workers will also enhance the growth and development of the images and reputation of the business entities in the financial sectors, thus, the platform and opportunity for the maximization of the revenues and profit levels at the end of each fiscal period. Social Responsibility Social responsibility aims at demonstrating concern and caring for the current and future generations. From this perspective, social responsibility is one of the most appropriate elements in the course of achieving sustainability in the operations of the business entities in the modern context. It is appropriate for the financial workers and practitioners to engage in the adoption and implementation of quality strategies, which will demonstrate concern and substantive care for the current, as well as future generations. In such instances, it is valuable for the financial practitioners and entities to engage in the investment in the employee education, training, and safety of the workers. These approaches are essential in the course of making a difference regarding expectations of the consumers or target audiences. The financial practitioners and sector should engage in the development of the core values while providing opportunities to others through influencing the operations of the society. In numerous contexts, there are positive implications, which have been valuable in ensuring the sustainability of the business entities, employees, and other global citizens. In the development of vocation in the financial worker, it is valuable to engage in handling the desires of the clients and targets audiences. On the other hand, lack of such strategies will affect the image and reputation of the institution in accordance with the demands and expectations of the clients. These approaches are valuable in the maximization of the revenues and profit levels while limiting negative implications on the societal goals and expectations. Environmental Responsibility Finance continues to play a critical role in the environmental sustainability efforts in the 21st century. From this perspective, it is valuable for the financial workers to enhance their capabilities in the course of adopting and integration environmental strategies to achieve sustainability with reference to satisfaction of the need of the current and future generations. In the recent years, there has been a rapid shift in the perception of the environmental sustainability from the margins to the centre of many corporate agendas. Evidently, more clients and consumers now engage in evaluation and exploration of the environmental record and sustainability of the approach to the products. The environmental issues come out as the deciding factor in the procurement decisions of the target audiences in the contemporary society. From this perspective, it is essential to demonstrate the fact that development of the vocation in financial workers should consider integration of the strategies for the protection or conservation of the environment in pursuit of environmental sustainability. This is through making effective and efficient financial strategies to facilitate protection of the environment. The approach proves to be valuable in the elimination of negative implications of the strategies in the achievement of the goals and targets at the end of each operational period. It is ideal for the financial workers to have this knowledge on the desire for the protection and conservation of the environment in the midst of the growing concern for the global warming. Conclusion Conclusively, this research paper sought to adopt and implement funds manager’s perspective in the course of examining how to develop vocation for financial workers or employees in the 21st century. Evidently, financial workers need to find strategies to make valuable contributions, thus, flourishing platforms for everyone during communities while realizing the importance of their roles and expectations for the social needs. Similarly, financial workers have the obligation to demonstrate their knowledge regarding the purpose of the financial services and social responsibility. According to the findings of the study, it is valuable for the business entities in the financial sector should consider four aspects in pursuit of sustainability, as well as vocation among the financial workers. In the first instance, there is need for the financial workers and practitioners to have knowledge on how to make valuable and ethical decisions on the profits and reputation. Secondly, financial workers have the obligation to engage in the maximization of the economic responsibility as evident in their strategies. Thirdly, it is critical to engage in the identification of the social strategies to enable protection of the needs and desires of the current and future generations. Finally, there is need for the financial workers to have enormous understanding of the need for environmental conservation and protection. References Asher, A. (2015). Working Ethically in Finance: Clarifying Our Vocation. Business Expert Press. Avis, J. (2012). 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Sustaining informal sector women entrepreneurs through financial literacy. Libri, 63(1), 47-56. Tsingou, E. (2015). Club governance and the making of global financial rules. Review of International Political Economy, 22(2), 225-256. Read More