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Family Business
This case study is a perfect example of one of those situations we are sometimes faced with in life, when we have to decide whether to make an ethical, but unhealthy decision in terms of its consequences, or an unethical one, but one that is deemed to bring some profits. Like Machiavelli said, "the goal justifies the means," but does it?
The case study is rather simple and involves two categories of stakeholders, the employee and the employer. This is the most usual conflict situation that we may have at the workplace. Jane has been recently hired as the head of the payroll department within R&S Electronics Service Company by the General Manager, Eddie. Her attributions were clear, among them the most important being "strict confidentiality regarding employee salaries and pay scales." As she begins her work within the firm, she notices that Greg, Eddie's brother, makes high commissions from his job as a technician, but has no reason to question this, as Greg was highly recommended by Brad himself, the owner...
The rule was that every worker would pick randomly a ticket from the stack, but Eddie has chosen to discard this rule and provide his brother with the higher paid jobs. Jane is facing a pure nepotism situation (not to mention its legality) and has to decide whether to blow the whistle on Eddie by telling Brad. However, she has been threatened to be fired and, seeing that this is her first job since college, the stakes are rather high. Additionally, Brad, Greg and Eddie seem to be in a close relationship, with frequent lunches together and she cannot know whether she would be believed or how Brad would react.
Referring to Machiavelli's quote I have written in the first paragraph, Jane has two choices.
The first one would be to go with the quote and see that the goal justifies the means. What is Jane's goal…
Family Business and Steinberg Case Steinberg's Success -- Sam Steinberg (1905-1978), was a Canadian of Hungarian descent who transformed the grocery story founded by his mother Ida, into one of the largest chains in the Quebec, Steinberg's Supermarket. One of his key successes was helping to transform food retailing in the post-World War II era into mass merchandising, mechanization, and personnel management that fed into and exploited the bilingual nature of
A few of the most notable projects would include: the Clinton Commons Development and Armory Square projects. This would cause the overall amounts of available offices to increase. The construction costs will vary between: $85.00 to as high as $200.00 per square foot. ("Syracuse Average Costs," 2007) While, the financing of purchasing any kind of properties is more difficult. This is because of the tight credit conditions that many
1). Crane (2007) further asserts her perspective that the lack of success has a lot to do with a lack of formalized structure and the tendency to hire within the family even when those hires are not a good fit. Crane (2007) echoes much of what the others have said about success in family businesses requiring consistent, honest communication, transparency, and outside advice. Evaluation Karolyi Gymnastics Camp In 1981, Bela Karolyi and
Introduction Reliance Industries was founded by the Ambani family in the 1960s in Maharashtra, manufacturing synthetic fabrics. The company went public in 1977. Chairman and MD of the company is Mukesh Ambani and the Ambani family controls 46.32% of the company’s shares, which are listed on the National Stock Exchange of India. The company currently oversees 158 subsidiaries and has 7 associate firms with nearly 30,000 employees (Reliance Industries, Limited, 2019).
Strengthening traditional SMEs business in Thailand On the family business trends in Thailand The concept of family ownership of firms has raised a lot of focus of late since the common trend in the U.S. is the dispersed ownership which has a strong separation between the ownership and the control of the business. There is a growing trend of firms being part of the group of companies which are brought together by
Businesses are the cornerstone of a capitalistic society. Businesses often drive economic growth and overall societal prosperity. In many instances, business can enhance the overall quality of life of those living in civilization. Looking back briefly at history, provides a unique perspective of business as it relates to societal development. Currently, looking at a minimum wage individual living in America today, they are able to perform tasks and activities that