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Meeting on neutral ground is preferable for several reasons. First, meeting on neutral ground ensures that there will be no undue influence on any parties in the business meeting. Second, meeting on neutral ground means that the salesperson is not receiving perks in the form of free drinks and food, which could unduly influence the business transactions.
Reporting and investigative measures include alerting the parties involved, and bringing the matter to the attention of the Ethics Committee. Punitive measures begin with one warning. After the warning, the individual(s) who violate the policy will be subject to discipline at the discretion of human resources. Further violations will result in termination.
Situation 2: Receiving Gifts
It is understandable that gifts are a natural part of human interactions. We want to encourage long-term and healthy business relationships. Gifts are not necessarily problematic. However, there do need to be measures in place for investigating…
For example, mergers and acquisitions are perceived as the latest fashionable trend to grow the company market share and profitability due to synergies affect. But as the practise has shown, out of the latest mergers, about 75% did not perform as they were expected by the top management. The Sarbanes-Oxley Act was aimed to facilitate and solve some of these very difficult problems in the accounting and management of the
(Southwest Airlines Corporation) The employees are always put first at Southwest Airlines, and according to the CEO Herb Kelleher, who was responsible for founding the company Southwest Airlines, the philosophy that employees come first is deeply embedded in the psyche of the company, and if the employees of the company are happy and contented and fully satisfied with their work, then they will most definitely take better care of the
Ethics Program Imagine company Toyota ethics program effective program . The Federal Sentencing Guidelines Organizations encourages firm set ethics programs. Review Website, located http://www.ussc.gov/guidelines, prior assignment. Toyota Corporation is a multinational automaker in japan and is the world's largest automobile manufacturer. The company employs a large number of employees in different departments with different key objectives in order to achieve the organizations different objectives. Toyota Corporation has a corporate philosophy that
Since the monopoly controls so much of the market share, the producers of goods have no choice other than to sell to the firm at lower prices, meeting their demand. This causes the market to stagnate, in that the producers of the goods must increase their production, but lower their margins (Federal Trade Commission, 2002). The same occurs for merged companies. Regardless of the type of merger, the end result
The second step is to initiate a supplier code of conduct. The greatest potential for ethical violations falls with suppliers such as agricultural firms or offshored service providers, and these violations can result in negative publicity for the company. Ultimately, it is not expected that these ethical standards will form a competitive advantage for the company. Having high ethical standards is more of a hygiene factor in that it is
Mergers and Acquisition Company Acquisition As a CEO, you are trying to acquire a foreign firm. The size of your firm will double and it will become the largest in your industry. What does your firm do and what does the foreign firm you are trying to acquire do? Where are the firms based? look company is a major company in Ohio Columbus in the U.S. And specializes is the sale of all