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It is important that tomorrow's business leaders understand the good and bad science behind currently marketed drugs, and understand what constitutes ethical and unethical marketing practices.
Also, over the course of the past five months, while working in a research lab in genetics has given me invaluable knowledge, I have realized the importance of science to communicate in layperson's terms with the outside world. On an individual level, I often find it frustrating that my more scientifically oriented colleagues in my current place of employment exhibit so little interest in making their scientific work comprehensible, much less marketable to non-scientists and to industry. This contrast between their own orientation and my own desire to communicate effectively with a larger world confirms my decision to enter the business world.
In my own future, I seek to be a bridge between the worlds of science and industry. To better become such a…
business schools take into consideration when determining what type of students are most likely to succeed at that school. The study found that "business admissions use different processes ranging from review of undergraduate grade point average (GPA); transcript analysis that reviews the type of courses taken, trends and progress over time; level of analytical and quantitative skill required in current and past professions; recommendations; and the Graduate Management Admission Test (GMAT)" (Fish, Wilson, 2009, p. 146). The study also found that other factors, including age, were tested as well and that each factor "yields varying results" (p. 146). From a financial viewpoint, the older the student is when beginning the graduate program, the less time is available to recoup the dollars spent on the education. For example; if Ben were in his early 40's instead of late 20's the money spent on the graduate program would have to be recouped…
Fish, L.A. & Wilson, F.S.; (2009) Predicting performance of MBA students: Comparing the part-time MBA program and the one-year program, College Student Journal, Vol. 43, Issue 1, pp. 145 -- 160
Snyder, G.; (2010) How to survive the new normal, DVM: The Newsmagazine of Veterinary Medicine, Vol. 41, Issue 11, pp. 56-58
In a number of extra-curricular, entrepreneurial and personal experiences, I have channeled these abilities into great planning success and to the amicable assumption of some responsibility by all those involved. As I consider these successes though, I am forced to consider some areas of weakness which have become more evident to me. In doing so, I would also note that many of these are areas in which I anticipate achieving improvement through Aston's course program, content and general induction into a positive learning environment and metropolitan community.
To this point, I am caused to consider the course description for the Strategic Management module, which promises to instruct MBA participants such that the "course develops your strategic awareness and strategy skills, making you critically aware of the factors that contribute to successful business strategies - in the context of global economic and political forces, and new information technology." Again, the incorporation…
Digital Innovation as a Fundamental and Powerful Concept in the Information Systems Curriculum. Robert G. Fichman, Brian L. Dos Santos, and Zhiqiang (Eric) Zheng. Mis Quarterly, 2014, EBSCOhost.
The main points of this peer-reviewed article included the fact that there is today a worldwide digital infrastructure of "…computers, mobile devices, broadband network connections" and other advanced platforms (Fichman, et al., 2014, 329). Given this digital information revolution, which has accelerated the launch of new technologies and changed how companies operate, it is imperative that business schools to make sure students have a "strong grounding in IT and digital innovation" (Fichman, 329).
Reflection: The authors are correct that society (and business in particular) has entered into a "golden age of digital innovation," which of course has the potential to greatly enhance information systems and strategies for businesses of all sizes and businesses producing every imaginable kind of product or services. But…
Fichman, R.G., Dos Santos, B.L., and Zheng, Zhiqiang (Eric). (2014). Digital Innovation as
a Fundamental and Powerful Concept in the Information systems Curriculum. MIS
Quarterly, 38(2), 329-353.
I believe that most successful people in the field of biotechnology are comfortable with the language of science as well as possess an economic understanding of the implications of science. Taking the actively discussion-based class Business 1 gave me my first taste of marketing and the sense of what it like to become part of a working environment and culture. Working with motivated and creative undergrad business students encouraged me to excel, to stretch myself as a learner, and also to bring my own unique experiences from science to the classroom.
My ultimate career goal is to secure a role in a biotechnical company in a managerial or marketing capacity, whereby I hope to deploy my skills managing and communicating with people to clarify complex scientific issues so that laypeople can understand such issues, and appreciate their significance to individuals and to the…
Having this traditional silo-structured environment makes it very difficult to properly develop a curriculum surrounding service management. Because of this there is a significant gap that exists between the education received by business school graduates and the skills that they need to succeed in today's service heavy environment.
Non-traditional Business Skills and Tactics
Nontraditional business skills are often referred to as soft skills or people skills. These consist of the ability to communicate and understand people on an emotional level. These are often the skills that can determine the success or failure of a career (Thilmany, 2009). The skills are all related to human interaction. This includes most forms of communication, negotiation and leadership. Soft skills can be distinguished by different types such as informative, negotiating, listening, and communicative. Informative soft skills are those that send a message that has to be conveyed accurately. Negotiating or convincing soft skills is…
21 Business Skills Needed to Succeed. (2009). Retrieved September 22, 2009, from New
Horizons Web site: http://www.nhmn.com/COMMUNITIES/softskills/news/08-03-
Davis, M.M. And Berdrow, I. (2008). Service science: Catalyst for change in business school curricula. IBM Systems Journal, 47(1), 29-39.
This would lead to a new round of calls for increased ethical standards. (De George, 2005)
Name at least three reasons why ethics are important to your job/profession or a job/profession you would like to work in Three reasons why ethics is important would include: it helps improve decision making, allows us to go beyond traditional business theories and it creates a culture of acceptable behavior within an organization. Decision making is improved, because executives can see the impact of their actions. Ethics help managers to choose the outcome that will have greatest impact, resulting in improved decision making. Once this takes place it allows, executives will be able to see what is occurring beyond traditional business theories. Where, ethics will shape how each theory is applied and to what degree. Over the course of time, the consistent application of ethical standards will become a part of the business culture,…
Business Ethics. (2010). National American University, 6 -- 146.
Securities and Exchange Act of 1934. (2010). Retrieved July 24, 2010 from Investopedia website: http://www.investopedia.com/terms/s/seact1934.asp
Crane, A. (2007). Why is Business Ethics Important. Business Ethics. Oxford: Oxford University Press, 9 -- 11.
De George, R. (2005). A History of Business Ethics. Retrieved July 24, 2010 from Santa Clara University website: http://www.scu.edu/ethics/practicing/focusareas/business/conference/presentations/business-ethics-history.html
Business intelligence degrees are not entirely available in Canadian colleges as ‘Business Intelligence’. For example, a private university like University of British Columbia has the Business and Computer Science Bachelor’s degree. It combines a typical business degree with background and experience in computer science. “The Business and Computer Science combined major will give you the technical background and understanding to apply IT solutions in a business context and use them to develop opportunities for growth” (UBC, 2018). Each semester, students take a combination of commerce and computer science-related courses. The official degree name is Bachelor of Commerce and takes on average, 4 years to complete.
This kind of BI program is located mainly in the computer science department with year 1 courses consisting of computation, programs, and programing, models of computation, and integral calculus. Although commerce essentials are part of the program as well, like managerial accounting, course offering consisting…
While at J.C. Penney, Walton read extensively about retailing theory and principles. He also had the insight to consider the importance of proximity to his merchandise suppliers and he took full advantage of his ability to turn around merchandise so fast that he could leverage his short-term debts to suppliers into capital for investment and growth.
6. Who is in charge of the company now?
Michael Terry Duke, became the Chief Executive Officer and President of Wal-Mart tores Inc. In 2009. Previously, he was the Executive Vice President of Wal-Mart tores Inc., and before that, he served as Executive Vice President of Administration, and Executive Vice President of Logistics, enior Vice President of Logistics at Wal-Mart tores Inc., and enior Vice President of Distribution of Wal-Mart tores Division (UA).
7. Describe any "barriers of entry," competition or marketing challenges the Entrepreneur overcame.
The principal barrier of entry faced by Walton…
Kennon, J. (2011) Sam Walton (aka Samuel Moore Walton)
The Hershey Company. (2011). Our Story.
Also people enjoying decent salaies with huge emuneation believe that thei level of pefomance is so high that they ae woking on low salaies. (Vickes, 2005) at the time of the boom duing the 1990s because of the unpaalleled stock options, the high anked manages possessed immensely moe monetay inducement to influence the eanings epot compaed to the executives in the pevious yeas. These inducements sometimes supassed the CEO and acoss the top levels of management - a eality which suppots to descibe the paticipation of seveal of the chief financial executives in copoate scandals. (Callahan, 2004)
Apat fom the sepaate instances of insatiability and wath, U.S. business cultue also suffes fom vey sevee attention on the bottom line, an issue that pemeates into the sphee of business eseach. While a team of eseaches inspected all the empiical eseach eleased by the Academy of Management fom 1958 to 2000, it…
references they encounter, take decisions within ethical perspectives, and create and upkeep an ethical work atmosphere. (Sims, 1994) Norms of ethical behavior must be devised methodically at the apex level of management. Employees anticipate supervisors and managers to be a precept. Maybe this is the reason behind 50% of the workforce reviewed in a research supported by the Ethics Officer Association and the American Society of Chartered Life Underwriters and Chartered Financial Consultant acknowledged to behaving in an unethical manner or unlawfully at the time of job. Roughly, 60%, nevertheless, supposed that ethical predicaments cannot be evaded in carrying out business. (Jackson, 2005) lot of business analysts maintain that apex management regularly must be accountable for the performances of their sub-staff. The plan is that till the higher officers are made answerable for the unethical works of their sub-staff, organizational cultures will carry on supporting -- if tacitly-- unethical behavior that generate short-term advantages. To put it differently, the leaders at the apex level of the organization might be the most efficient manner of instilling a culture that disheartens unethical behavior. This state presumes that leadership will be contributing a lot in building an ethical organizational culture. (Sims, 1994)
Even though the support of the apex management and real dedication to an ethical atmosphere is vital, other campaigners for these types of atmosphere are required - individuals who will assume a powerful stands on the urgency for ethical behavior, standardize the actions needed to strengthen these behaviors, and help in regularly striving to move the organization in the forward direction in an ethical manner. (Sims, 1994) Managers must fix achievable targets in consonance with the team associates. Employees can be urged to channel their thought process in an ethical manner and to calculate more accurately efficient and ethical decision making. Moreover serious assurance by the management to deal with ethical concerns by giving training would assist in tackling with the matter. (Jackson, 2005)
Greater disagreements of interest contribute an important part in dealing with the matter of business ethics. In order to handle the problem of ethics, managers initially have to appreciate that disagreement of interest happens. During the year 2000, the Ethics Officer Association undertook a review of 213 members of 150 firms and revealed that the most popularly stated cause for getting in touch with the ethics office were clashes of interest, showed by 74% of respondents. Even though these types of disagreements emanate from a lot of sources, the most significant among these is management, which is recommended in an April 2003 research
However, she will either not feel comfortable in the culture and leave or, she will at least give thought to her actions at work and behave ethically so she is not fired.
Thesis statement: How a person acts in their personal life is indicative of how he/she will act in business.
Need more involvement from secondary schools and companies as role models.
Personal situation at work with unethical employee.
A. Anomie outside of work will remain or get worse in work situations.
Personal situation at work with ethical employee
Like first supervisor, his work ethics the same as personal ethics.
My personal values. Do not always meet expectations for myself or others.
What can be done?
A. Companies and universities have to work together to instill ethical values in employees.
Frederick, William C Corporation, be good!: the story of corporate social responsibility. Minneapolis: Dog Ear, 2006.
Frederick, William C Corporation, be good!: the story of corporate social responsibility. Minneapolis: Dog Ear, 2006.
Andrews, L.W. (2005) the nexus of ethics
HR Magazine. [electronic form].
Beggs, J.M., and Dean, K.L. (2007) Legislated Ethics or Ethics Education?:
Color choice, however, is highly consistent across all marketing materials, creating at least some sense of cohesion. Positioning of the course is focused on the flexibility of the program's scheduling and course offerings as well as the diversity of the professional backgrounds that students in the program possess; the actual offerings of the course are described only in vague detail in most marketing materials, with encouragement for students to contact the school and preferably to attend regular information sessions. Marketing activities include multiple small ads placed in business-relevant media that present the school's name and logo, again with consistent color-coding, but that do not offer in-depth presentations of program offerings or extensive detail about the school.
The color coding and scant use of school name and logo appears to be consistent across programs, and most marketing efforts are not program specific but rather simply advertise the school itself, which…
The five forces model is well-designed but it is far from perfect, especially for the manager not proficient in its use. The model is complex and is subject to a fairly steep learning curve. A tremendous amount of data must be collected to use the model effectively, and the analysis needs to be conducted in an objective manner. Many recent criticisms reflect the viewpoint that the model does not apply well to knowledge-based industries. hile this indicates a lack of understanding of the model, a manager attempting to analyze the computer game industry for example must be able to effectively translate the model's basic principles and terminology into that industry. This is a complex task, and the risk of relying on models such as five forces is that their surface simplicity leads managers to overestimate the model's usefulness or their own understanding of how the model works.
Grundy, T. (2006). Rethinking and reinventing Michael Porter's five forces model. Strategic Change. Vol. 15 (5) 213-229.
Karagiannopoulos, G.; Georgopoulos, N. & Nikolopoulos, K. (2005). Fathoming Porter's five forces model in the Internet era. Info. Vol. 7 (6) 66-76.
Narayanan, V. & Fahey, L. (2005). The relevance of the institutional underpinnings of Porter's five forces framework on emerging economies: An epistemological analysis. Journal of Management Studies. Vol. 42 (1) 207-223.
Oviatt, B. & Miller, W. (1989). Irrelevance, intransigence and business professors. The Academy of Management Executive. Vol. 3 (4).
Finally, the universalizing stage is often referred to as enlightenment, or having achieved a true understanding of the nature of good virtue. (Fowler, 1995; p.p. 73-145).
Clearly, my personal ethical values are heavily influenced by my stage of personal development. As I continue to grow, my values will evolve and adapt to my new way of looking at the world. The way that defining moments influence me will also be controlled by my ethical level of development. However, having at least a conscious understanding of my level of development allows me to better understand my ethical influences, work to overcome the obstacles my ethical development stage creates, and better work to be a better employee and leader.
adaracco, Joseph L. (2002): Leading Quietly: An Unorthodox Guide to Doing the Right Thing. Cambridge: Harvard usiness School Publishing.
adaracco, Joseph L. (2006): Questions of Character: Illuminating the Heart of Leadership through…
Badaracco, Joseph L. (2002): Leading Quietly: An Unorthodox Guide to Doing the Right Thing. Cambridge: Harvard Business School Publishing.
Badaracco, Joseph L. (2006): Questions of Character: Illuminating the Heart of Leadership through Literature. Cambridge: Harvard Business School Publishing.
Fowler, James W. (1995): Stages of Faith: The Psychology of Human Development. New York: HarperCollins Publishers.
Gilligan, Carol. (1993): In a Different Voice: Psychological Theory and Women's Development. Cambridge: Harvard University Press.
Cash in advance is a method that often seems preferable to the selling entity in a typical exporting transaction, as they receive the agreed-upon amount of cash (or a credit card payment, which is equivalent to cash in this scenario) for their goods prior to shipping them, guaranteeing the cash flow needed for the next cycle (UNZCO 2010). This can create cash flow problems for the buy entity, however, as they must pay for the product before they receive cash from the end consumer and thus must carry the balance in the interim (UNZCO 2010). Letters of credit, which give a guarantee from a financial institution to the exporter that the goods will be paid for assuming all conditions are met, provided added assurance to exporters that the transaction will truly be profitable, while insulating importers from the cash flow issues described above (UNZCO 2010).
A draft operates n a…
Amity. (2010). "Pricing strategies: Basic decisions." Amity Business School. Accessed 7 November 2010. http://www.scribd.com/doc/18926133/Pricing-Strategy-Basic-Decisions
Answers. (2010). "Make-or-buy (outsource) decision." Answers.com. Accessed 7 November 2010. http://www.answers.com/topic/make-or-buy-outsource-decision
UNZCO. (2010). "Basic guide to exporting." Accessed 7 November 2010. http://www.unzco.com/basicguide/
hy does crafting strategy have a strongly entrepreneurial character?
Courtney (2) notes that in a rapidly changing environment, this year's indicators are not a good measure of what will happen in the future. Instead, there is a need to develop foresight. This involved looking to the future and spotting potential opportunities and potential threats before they are actually present. This is entrepreneurial in the sense that it involves looking to the future and seeing things before they are actually present. Crafting strategy also involves a new approach to business where the focus is on managing and risk and choosing the best kind of action, while there remains a level of certainty. These aspects of crafting strategy have a strong entrepreneurial character. Finally, crafting strategy requires vision and creativity. It differs from traditional management strategies because there are no certainties. Organizations cannot simply accept the environment as it is and…
Courtney, C. 20/20 Foresight: Crafting Strategy in an Uncertain World. Boston, MA: Harvard Business School Press, 2001.
Thompson, A.A., & Strickland, A.J. Strategic Management: Concepts and Cases. Boston, MA: Irwin McGraw-Hill, 2003.
Business Decision Analysis -- Cipla
Yusuf Hamied pioneered the Chemical, Industrial and Pharmaceutical Laboratories, which is more popularly known as Cipla, in India. The main function of Cipla was to reverse engineer some of the most demanded medications in the market and then reconfigure or re-synthesize them in a different manner (to avoid patent law suits) and sell them to the masses at affordable rates. The problem for Dr. Hamied, though, was a recent upgrade in patent laws that were meant to be applicable from 2005 in India. This new upgrade was being implemented on a global scale by the World Trade Organization (WTO) and was officially called Trade elated Aspects of Intellectual Property ights (TIPS) and it mainly required India to accept the patent laws with regards to pharmaceuticals and other intellectual inventions that had been standardized for over 2 decades. This would mean that a majority of the…
Deshpande, R. (2006). Cipla. Harvard Business School, President and Fellow Of Harvard College, 9-305-085.
Penn is handled through the Wharton School, which also administers the graduate MBA program. Students take an intensive course load of business fundamentals, as well as credits devoted to traditional liberal arts degrees. That course load is indicative of the standard four- ear degree which is standard for other academic disciplines. That said the emphasis for the undergraduate business major is clearl designed to provide students with an education that is valuable to emploers from da one.
"Driven b the recession and one of the largest incoming freshman classes in the nation's histor, the business major is experiencing a surge in popularit among students" (Damast. a. September 24, 2009). Yet, the increased popularit of the business administration major underscores the long-term trend of the business degree.
Business has alwas been a popular major among undergraduates. In academic
ear 2006-07, the largest number of bachelor's degrees conferred was in business (21%),…
year 2006-07, the largest number of bachelor's degrees conferred was in business (21%), followed by social sciences and history (11%), education (7%), and health sciences (7%), according to the most recent figures available from the Education Dept.'s National Center for Education Statistics. (Damast. a. September 24, 2009).
The business administration student upon graduation can expect an extremely competitive salary. "According to a July report from the National Association of Colleges and Employers, the average starting salary for 2009 college graduates with bachelor's degrees in business increased less than 1%, to $47,239" (Damast. a. September 24, 2009). As the recession's lingering effects recede and economic growth returns, the job market for business school graduates should be one of the faster growing hiring segments. "The undergraduate business degree is now clearly on the path to respectability" (Bloomberg-Businessweek. May 8, 2006).
In discussing the business administration major it would be remiss not to mention the
MESIC's have been singularly unsuccessful, and have been deemphasized in recent years.
Related to this are: State-sponsored venture capital investments. Countries and regions invest in venture capital funds as Limited Partners, meaning that they have the same or similar financial returns as all other investors in a Fund. In many cases, such state investments require some conditions on the privately-run venture fund. The most popular conditions include:
fixed percentage threshold of investment in the region or country, or certain number of jobs to be generated by their investments, or Attracting a certain multiple of investment from outside the state or region into the fund, or Limiting the venture investments to the types of technologies and industries which are of greatest interest to that state or region.
Examples of the above can include the Indiana Futures Fund, in which the State of Indiana invested $100 million in several venture funds. Among…
Asen, R. "The Multiple Mr. Dewey: Multiple Publics and Permeable Borders in John Dewey's Theory of the Public Sphere." Argumentation and Advocacy, 2003: 174-182.
Balzac, M. "Recent Trends in the Research on National Innovation Systems." REPEC. November 26, 2007. http://ideas.repec.org/p/aug/augsbe/0254.html (Accessed November 28, 2007).
Birch, D.L. MIT Program on Neighborhood and Regional Change. Cambridge: MIT Press, 1987.
Christensen, C. The Innovator's Dilemma. Boston: Harvard Business School Press, 1995.
The elationship Between Ethics & Law in Business
Business is a generic term that refers to enterprise relationships between a provider of either a good or service and the client/customer or to another business. Business transactions throughout the course of history have involved a level of discretion between ethical and fair behaviour and the due process of law and litigation of various kinds. The relationship between Ethics and Law ostensibly is that of intent and accountability of intent. Ethically, the agents of a contractual obligation have a responsibility to honour the contract and each tenet stated in the contract.
Dunfee (1996) defines the relationship between business ethics and law as having attracted the attention of leading academics in the legal and philosophy profession over many decades. (e.g., Atiyah" 1981; Coleman, 1988; Dworkin, 1978; Greenawalt, 1989; Hart, 1963; Posner, 1983). Dunfee draws into question the synonym of morality to…
Alexander, K. (2006). Corporate governance and banks: The role of regulation in reducing the principal-agent problem. Journal of Banking Regulation, 7(1), 17. Retrieved fromhttp://search.proquest.com/docview/196004962?accountid=13044
Bruce, W., & McLaren, R.H. (1978). Is the government backing off from further controls on business? Ivey Business Journal, 43(3), 13. Retrieved from http://search.proquest.com/docview/225373068?accountid=13044
Dunfee, T.W. (1996). On the synergistic, interdependent relationship of business ethics and law. American Business Law Journal, 34(2), 317. Retrieved from http://search.proquest.com/docview/203397155?accountid=13044
Gachter, S.G., & nigstein, M.K. (2009). Design a contract: A simple principal-agent problem as a classroom experiment. Journal of Economic Education, 40(2), 173. Retrieved fromhttp://search.proquest.com/docview/235239663?accountid=13044
Leadership at the highest levels on all Street -- not in all firms but in most -- failed to uphold the concept of long-term maximization of shareholder value, instead focusing on short-term returns and ignoring the risk associated with these returns.
hat is taught in business school does not support this. The orientation towards profit is natural, and a part of the manager's job. However, the orientation towards excessive risk-taking is not taught in business school, but rather learned in the workplace. The government exhibited lax oversight of the banking industry. Indeed, the FDIC chairperson Sheila Bair had called for increased regulation of the mortgage industry and those calls fell on deaf ears in both ashington and on all Street (Lizza, 2009). Those within and without the industry were more interested in the short-term profits generated by the industry than protecting the public.
The short-term time orientation of managers that…
Knowledge @ Wharton. (2008). Subprime crisis: A bouquet of opportunity masked in a reek of risk. Wharton School of Business. Retrieved November 22, 2009 from http://knowledge.wharton.upenn.edu/article.cfm?articleid=1995
Palmer, D. (2008). Greed reflects a failure of leadership. Wharton School of Business. Retrieved November 22, 2009 from http://knowledge.wharton.upenn.edu/article.cfm?articleid=1987
Lizza, R. (2009). The contrarian. New York Times. Retrieved November 22, 2009 from http://www.newyorker.com/reporting/2009/07/06/090706fa_fact_lizza
esearchers have an occasion to further organizational science and to make research practical by producing information that can impact changing organizational forms and circumstances. Pragmatically, academic researchers are not likely to get access to a company that is going through change unless the practitioners believe the research will be helpful (Gibson & Mohrman, 2001).
There have been a number of calls to augment the significance and effectiveness of organizational science to companies. The usefulness challenge cannot be defined merely as getting practitioners to value and include what academics learn. It is believed that the usefulness of research depends, somewhat, on the degree to which the perspectives of organization members are incorporated in research procedures and the results are included into those members' organization design activities that take place as their company adjusts to its changing environment. esearch is more likely to be seen as useful if there are occasions for…
Committee on Science, Engineering, and Public Policy (U.S.), National Academy of Sciences
(U.S.), National Academy of Engineering & Institute of Medicine (U.S.). (2009). On
being a scientist: A guide to responsible conduct in research, (3rd ed.). Washington,
D.C.: National Academies Press. Retrieved from:
There is one platform that supports the downloaders, however. Studies have indicated that downloading music for free actually helps sell music in the long run. The music industry cites fallen revenues for the last four years as evidence that illegal downloading is cutting into their profits. However, a study by two academic researchers finds that some people who download music illegally eventually purchase the music they have downloaded. A reporter writes, "In fact, illegal downloading may help the industry slightly with another major segment, which Oberholzer and Strumpf call 'samplers' -- an older crowd who downloads a song or two and then, if they like what they hear, go out and buy the music" (Silverthorne, 2004). However, the researchers also discovered that the majority of downloaders are teens and college students who have plenty of time to download, but do not always have the resources to eventually buy the music…
Editors. (2007). Minn. woman to pay for illegal music downloads. Retrieved from the NPR.org Web site: http://www.npr.org/templates/story/story.php?storyId=1503722320 Oct. 2007.
Editors. (2007.) Terms & conditions. Retrieved from the Napster.com Web site: http://home.napster.com/info/terms.html20 Oct. 2007.
Silverthorne, S. (June 21, 2004). Music downloads: Pirates -- or customers? Retrieved from the Harvard Business School Web site: http://hbswk.hbs.edu/item/4206.html20 Oct. 2007.
Business Source Premier (Nielson Library) deals marketing issues. The article current ( month). efer text chapter titles heading topic suggestions. Make include article attachment include UL I refer article.
Business Article Analysis
The article that is reviewed in this paper is titled "Off and unning: Professors Comment on Olympics" and presents certain important opinions on the Olympic games. The article presents the comments and opinions of important specialists that focus on marketing and business administration, like Stephen Greyser, John Macomber, and John Gourville. These are some of the most important professors at the Harvard Business School. The most important points of this article refer to the explanations these experts try to provide on the marketing success of the Olympics in comparison with other sports competitions. In addition to this, they try to identify some of the factors that determine the success of the organizers (Greyser et al., 2012). The pricing…
1. Greyser, S. et al. (2012). Off and Running: Professors Comment on Olympics. Harvard Business School. Retrieved August 14, 2012 from http://hbswk.hbs.edu/item/7072.html .
2. Blanding, M. (2012). Why Good Deeds Invite Bad Publicity. Harvard Business School. Retrieved August 14, 2012 from http://hbswk.hbs.edu/item/7001.html .
Employees are being rewarded for their honesty, and managers continue to encourage communication between supervisors and subordinates. Management is also looking for ways to encourage employees to tell the truth about other employees who may be involved in something dishonest or illegal (Jones, 1982). Not all employees will take advantage of this, of course, because some still believe that they will face punishment for being a 'whistle-blower', but there are laws in place now to protect the rights of employees who blow the whistle on other employees or their employers.
Employee rights have become increasing important over the last 20 years, and this is another area in which Enron had difficulties. Those people who advocate employee rights make two different arguments. The first argument is that tougher laws and regulations are needed to ensure that employees get the rights that they deserve. It cannot be left up to the companies…
Bernstein, S. (2000). "Shell in Nigeria." Business Students Focus on Ethics. Eds. Ryan, Leo V., Wojciech W. Gasparski, & Georges Enderle. New Jersey: Transaction Publishers.
Donaldson, T. & Gini, a.R. (1984). Case Studies in Business Ethics. 2nd ed. New Jersey: Prentice-Hall.
Garrett, T.M., and Klonoski, R.J. (1986). Business Ethics 2nd ed. New Jersey: Prentice-Hall.
Goodpaster, K.E. (1984). Ethics in Management. Boston: Harvard Business School.
PGE "Introduction and How it Fits into MB"
The development of this plan is critical for the enhancement of my MB studies. In this study, I will try to develop a "for profit" (as opposed to non-profit) company to compete in the U.S. food industry. My organization will be a C Corporation in order to raise money from ngel investors and perhaps Venture Capitalists as we grow. It is my understanding that VC's and ngels prefer C Corporations for a myriad of reasons, but most importantly because of the flexibility of the different classifications of stock that C Corporation afford to its shareholders. In addition, the rationale behind choosing this company is based on the concept that sweet treats and refreshments seem recession proof, and that people will always use their disposable income for sugar or refreshment in. I saw on CNBC a documentary on Coca Cola, which…
Although Marshal Healthy Foods will show improvement over other retailing organizations in the present economy, its reputation and image are genuinely influenced by criticisms from environmentalist and labor unions. Marshal Healthy Foods is likely to be accused of various claims on distinctive issues such as bad working conditions, issues pertaining to child labor, wage issues and discrimination (Manian, 2007).
Marshal Healthy Foods will have internal labor relations issues besides confronting some outside threats postured by the economy and its rivals. Since Marshal Healthy Foods will have constantly great sales performance, certain areas are expected to be affected by sales problems. The sale of some areas is likely to decline from 5% to 15% all through the pastries line. This decline will not harm traditional pastry retailers like La Baguette Bistro but hurt the sale in Marshal Healthy Foods.
The market analysis is provided in Table 2.
Table 2: Market Analysis
The company will also use different market strategy to achieve its business goals. Ivy Discover will run a very attractive advertising banner on different websites, which are constantly being visited by target customers, and the business will use several different form of promotion to attract potential customers. The promotion strategy will include discounted package deal. The sale process will include several criteria such as product presentation, relationship building, customer requirements, or needs. The company will build technical products that…
Chaffey, D. (2002) E-business and e-commerce management. Financial Times/Prentice Hall. Harlow, UK.
Cote, L. Vezina, M.and Sabourin, V.(2005). The Strategic Management Process in E-Business. Ivey Business Journal.
Kooten, M. (2009).Software Industry Defies Economic Crisis. Top 100 Research Foundation.
Chantrill, C. (2012). U.S. Real GDP Chart. Government Spending.USA.
business pertains to what that business does and what it is, as a whole. The kind of philosophy it has, the products it makes or services it provides, and the all-encompassing theme o the entire business make up its definition (Sullivan & Sheffrin, 2003; Swarming, 2006). The mission and goals, however, are only a part of that business definition. The goals are specific, concrete, and attainable, and they keep the business moving forward (Christensen, 1997). They can be made public, so the community has an idea of what the business wants to accomplish, or they can be kept private. Either way, they have to be realistic, and they must be worked toward steadily and revised at various intervals until they are achieved. Then, new goals can be set that build on the original goals the business had. The mission of the business is its statement to the public about the…
Christensen, C.M. (1997), The innovator's dilemma: when new technologies cause great firms to fail, Boston, Massachusetts, USA: Harvard Business School Press
Dev, C.S. & Schultz, D.E. (2005). In the mix: A customer-focused approach can bring the current marketing mix into the 21st century. Marketing Management, 14(1)
Joshi, R.M. (2005) International marketing, Oxford University Press, New Delhi and New York
Guiltinan, et al. (1996). Marketing management: Strategies and programs. New York: McGraw Hill/Irwin
In addition, individuals have ethical decisions when it comes to whistleblowing, because very often, when they bring attention to a problem or concern within an organization, they pay the ultimate price - they lose their jobs, or lose the respect of their peers and management. In this, the organization is to blame, and it indicates the ethics of the organization do not encourage truth and doing the right thing. A good case in point of whistleblowing that was ignored is the case of the Challenger space shuttle, which blew up in 1986. Engineers had called attention to the problem with the o-rings that caused the explosion, but NASA ignored their concerns and it resulted in a disaster (Cadbury, 2002, p. 108-116). There are many other examples of this kind of unethical behavior on the part of organizations, and it results in individuals who may be afraid to do the right…
Berlau, J., & Spun, B. (2002, March 18). Is big business ethically bankrupt? Insight on the News, 18, 16+.
Cadbury, a. (2002). Chapter 1 Business dilemmas. In Case histories in business ethics, Megone, C. & Robinson, S.J. (Eds.) (pp. 9-22). London: Routledge.
Editors. (2008). Business ethics: Definition. Retrieved 14 June 2008 from the Answers.com Web site: http://www.answers.com/topic/business-ethics?cat=biz-fin .
Editors. (2008). Ethics resource center. Retrieved 14 June 2008 from the Ethics.org Web site: http://www.ethics.org/ .
Strategic Planning in IT
IT Impact on Service Industry Performance
Implementation of IT Innovations
1992 U.S. VALUE-ADDED AND EMPLOYMENT BY INDUSTRY
AVERAGE ANNUAL GROTH IN GDP PER HOUR,
MAJOR SECTORS OF THE U.S. ECONOMY
Management TASKS IN BUREAUCRACY VS ADHOCRACY ORGANIZATIONS
This paper addresses the following problem statement: "ithout information technology (IT), a business will not be able to compete globally in any industry, nor in any market it wants to enter. It will not be able to effectively and efficiently optimize its success."
In order to evaluate this statement, a number of issues were examined. The rapid pace of technological change and the effects of technology revolution have launched the world into an era of organizations that are experiencing extraordinary growth in both the development and the dissemination of information and communications technologies. This paper reviews the current literature on the subject of the integration…
American Heritage Dictionary of the English Language, Fourth Edition. (2000). Houghton Mifflin Company.
Andreu, R., Ricart, J.E., and Valor, J. (1991). The Strategic Dimension of Transactional Information Systems: Some Organizational Implications. Journal of Information Systems, 1, 223-32.
Ansoff, H.I. (1965). Corporate Strategy. New York: McGraw-Hill.
Bailey, M.N. And Quinn, J.B. (1994). Information Technology: The Key to Service Performance. Brookings Review, 12 (3), 36+.
.....ethical dilemma you know of, and how it was dealt with by management.
Recently, Harvard Business School itself was involved in an ethical scandal when it turned out its dean might be involved in a gross case of conflict of interest (Galani, 2016). Conflicts of interest similar to this one at HBS happen often in organizations of all sizes. I was recently made aware of a case in which a local organization experienced an ethical dilemma involving a conflict of interest. One member of the board of directors had previously served on the city council, and still retained strong connections with the local community. Because the company was a real estate development company, the organization's leadership came under considerable pressure for what appeared to be a conflict of interest and corruption -- using the former councilman's political ties for facilitating development projects and accepting additional advice and contracts.
Premeaux's investigation into ethics and business behavior resulted in four categories that can lead to ethical problems: a) coercion and control (the use of threats or extortion to force a manager to make a certain decision); b) conflict of interest (a manager has more than one interest and if he pursues both, harm may come to the company); c) physical environment (this relates to conflict of interest that can harm the environment); and d) personal integrity (making a decision based on one's own needs can raise a red flag in terms of right and wrong even if the law doesn't specifically spell out a guideline to follow) (16).
In a survey of managers, Premeaux received 413 questionnaires to test ethical responses. The results of those surveys (there is not enough room in this paper to report appropriate data) showed that managers have "…a heightened sense of ethical awareness with most…
Bringinshaw, John. (2006). Addressing Possible Conflicts of Ethical Management. Interbeing,
Minkes, a.L., Small, M.W., and Chatterjee, S.R. (1999). Leadership and Business Ethics: Does
It Matter? Implications for Management. Journal of Business Ethics, 20(4), 327-335.
Global usiness Cultural Analysis: Singapore
The objective of this study is to answer the questions how the major elements and dimension of culture including religion, ethics, values, attitudes, manners, customs, social structures, and organizations integrated in Singapore by local conducting business. As well, this work will answer how these elements and dimensions compare with United States culture and business. Finally, this work will examine the implications for United States businesses that wish to conduct business in Singapore.
The work of Abeysinghe and Choy (2009) reports that the economy in Singapore has been undergone a transformation that has turned it into "…an Asian powerhouse…" due to the "far-sighted economic policies. The economy of Singapore is proof of the outcome of a market-driven economy taking place during fast development of high per capita income, and an environment free of corruption in which the workforce is both motivated and educated. The financial infrastructure…
Abeysinghe, T. And Choy, Meng Choy (2009) The Singapore Economy: An Econometric Perspective. New York: Routledge, 2009.
Abeysinghe, Tilak. 1996. Electronics and Growth Cycles in Singapore. National University of Singapore, Department of Economics and Statistics, Econometrics Studies Unit, Mid-Year Review of the Singapore Economy.
Asian Wall Street Journal. 1994. "Singapore Unveils Plans for Performing Arts Center," July 22 -- 23: 1.
Bachtiar, I. 2002. The conservation story. In Skyline, Commemorative Edition 2002. Singapore: Urban Redevelopment Authority.
One would not think that dean of a business school could learn anything of major importance from the principal of an elementary school, but that is exactly what happened to oger Martin, Dean of the otman School of Management at the University of Toronto. Martin made a connection between the way the principal at his son's school approached her job and the "approach taken by the managing partner of a successful international law firm in town." (Wallace, 2010) The method involved the use of "critical thinking," or the ability to deal with ever-changing situations in ways that are creative and innovative. Martin realized that critical thinking was an important aspect of success in business and set to implementing elements of it in his graduate program.
Ever since the late 1950's the curriculum that dominated the nation's business schools "has involved separate disciplines like finance, marketing and strategy, with an…
Wallace, Lane. (2010, Jan. 9). "Multicultural Critical Thinking in B-School."
New York Times. Retrieved from http://www.nytimes.com/2010/01/10/business/10mba.html?pagewanted=
Business Management -- Annotated Bibliography
Eisenberg, J., Lee, H.J., Bruck, F., Brenner, B., Claes, M.T., Mironski, J., and Bell, R. "Can
Business chools Make tudents Culturally Competent? Effects of Cross-Cultural
Management Courses on Cultural Intelligence." Academy of Management Learning & Education. 12.4 (2013): 603-621. Web. 25 July 2014.
Because of the ongoing globalization for businesses and the need to develop management policies and strategies that help the workforce understand and relate to diversity, business schools need to teach management courses on "cultural intelligence"
(CU) Eisenberg and colleagues explain. This article is valuable and the recommendations for business schools should be incorporated because managers working for international firms need skills that allow them to interact with people from a variety of cultures. For students pursuing a business career, the development of cultural intelligence is vital.
Hence, taking courses in cross-cultural management brings knowledge and benefits.
Espedal, B. Gooderham, P.N., and tensaker,…
Scherer, A., Palazzo, G., and Matten, D. "Introduction to the Special Issue: Globalization as a Challenge for Business Responsibilities." Business Ethics Quarterly, 19.3 (2009): 317-
347. Web. 25 July 2014.
This is an article that deals with the ethics of international business relationships. Because national borders are not as politically significant as they once were, global business organizations enter into markets with "ill-defined rules" of conduct (Scherer, et al., 327). Thus, corporations become "political actors" because they make up their own rules as they enter each new market, Scherer points out. The article asserts that global businesses must become accountable democratically and incorruptible as well. The value of this article is in part because it insists that corporate social responsibility (CSR) goes to deeper levels when a firm is operating in a variety of diverse cultures. Also this piece is important to today's business major because ethical behavior in the international market place isn't just recommended, it is imperative for success in terms of profits and accountability as well.
Business sustainability is about realizing the pathway to preserving and protecting profits, people, and the planet. It is expressed through a company’s focus on the triple bottom line, also defined as the management of financial, social and environmental risks, duties and opportunities. Firms that engage in sustainable practices typically have some form of corporate social responsibility (CSR) program or policy in place that allows them to support and promote initiatives that are considered to be important either to the communities in which the firm operates or else good for the overall environment as a whole. Sustainable practices that businesses focus on can include anything from “going green,” reducing one’s environmental footprint, protecting water supplies, promoting scholarships in communities where economic disadvantages are high, and so on. Engaging in sustainable practice is the essence of maintaining a commitment to culture and to one’s core values. This paper will define the term…
Food Emporium -- Business Proposal
This business proposal outlines an emerging model for food preparation. The business will be called the "Food Emporium" and will be located in the downtown Kuwait City area. The overall trend in food services is one that is learning towards health and this trend is expected to develop exponentially as more and more consumers become more health conscious and discover the advantages of living healthier lifestyles. The model consists of some combination or blend of a coffee shop, a cooking school, and retail shop mixed into one spread across two floors. Customers can partake in any of the activities within the store; however it is recommended that they enjoy all three simultaneously to receive the full experience that the location has to offer.
The layout is carefully designed to ensure that the most effective use of space is maintained. On the top floor…
One tactic which has made the John Doe group unique in the industry is its recognition of the importance of community in the viability of individual enterprises. Its damaged relationship with the communities in which it has sought to operate can be rectified by aspects of its model which are already in place. Though the company operates thousands of funeral service establishments from a centralized point of authority, its acquisition strategy incorporates the families who have owned and operated the newly purchased assets into the business plan. As a result, John Doe's holdings are hybrid entities, armed with the resources of a large parent company but endowed with the close community relationship of an independent business. Taking advantage of this model should be central to the company's overall reversal of its negative public image. This will demand that the new core of central leadership make an effort to increase…
The company shall have sales section, which shall be in charge of reaching market already created by the marketing team. We shall employ gorilla tactics whereby sales people are send to the client premises to discuss and delivery the service or make a deal.
The Biz online shall also have a group of sales representative based in the office. These sales representatives shall be tasked with outsourcing potential clients' telephone number and calling them. However, we intends to sale most of our services through online. Every client who would like to buy any of our services could simply login on our system and make payment through their Visa cards. Finally, Biz online intends to have a sales desk in the office as its long time objectives, to listen to clients, call clients and solve their query amicable.
In that egad, convenience, poximity to thei wok place and speed of pepaation sevices ae the most citical elements fo the success of the ventue with this custome demogaphic. By the same token, these customes ae less likely to be eached by online apps o Twitte and moe likely to espond to the mee poximity of the sevice van to thei places of business and physical outes leaving thei offices and businesses.
Opeational Incopoation of Demogaphic Chaacteistics
Just as poximity of sevice is citical to the success of the ventue to univesity students on campus, it is also cucial to the success of the ventue with woking non-student pofessionals employed in businesses within the immediate vicinity of the USC campus. Moeove, because the individuals in this custome demogaphic will pobably pefe to avoid having to actually ente the USC campus to patonize the sevice van, it would be advisable to…
references and they would tremendously appreciate the opportunity of accessible and convenient international cuisine.
Operational Incorporation of Demographic Characteristics
Since preparation of a wide range of authentic high-quality international cuisine could be problematic, especially if it sought to provide multiple different ethnic dishes, it would be advisable to select one or two of the most common and recognizable menu items likely to be appreciated by international customers rather than attempt to maintain to broad a menu at the expense of quality. Training of food preparation personnel would be crucial in this regard because it is anticipated that international customers will not try the fare more than once if it is unsatisfactory.
The principal marketing approach would be to employ outside professional services to translate marketing messages and to disseminate them through the same digital media as the main marketing initiatives. However, it would also be advisable to publish print advertisements of international cuisine specialties in conjunction with discount coupons in the local print media (i.e. foreign language newspapers) typically relied upon by many foreign students and available in the homes of those students who live at home within first-generation immigrant families in the community.
Business Plan -- ocky Mountain Sports Fishing, LLC
Definition of the Market
ecreational fishing is a multi-billion dollar industry in the United States, both for salt and freshwater. Conservative estimates show that there are upwards of 30 million individuals with more than a 1-2 time/annum interest in the sport. This has an overall impact on the economy of $125 billion (Williamson, 2012). Consumer demographics show that it is primarily a male oriented event. Mobility and technology have improved the sport in the last two decades, as well as maps, surveys, and handheld sonar and GPS devices. For this reason, as an organized sport, it is chiefly an upper middle and above income sport that also may require several thousand dollars in travel expense. There are even contests for ice and sport ice fishing in the U.S. And Canada.
Sport fishing is…
Hummel, R. (1994). Hunting and Fishing for Sport: Commerce, Controversy, Popular Culture. Bowling Green, OH: Bowling Green State University.
Kotelnikov, V. (2001, January). Customer's Perspective of Quality. Retrieved from E-Coach: http://www.100ventures.com/business_ guide / corsscuttings / bizsys_customer.html
Skorupa, J. (1991, September). Eco-Tourism Arrives. Popular Mechanics, p. 92.
Turban, E. (2002). Electronic Commerce: A Managerial Perspective. New York: Prentice Hall.
Business Entities, Laws, And egulations
This paper will focus on the challenges faced by one start-up businesses and an established company with labor issues. For the start-up, a birth clinic, a case needs to be made for the type of business entity they should each use. The established company is a construction company whose business entity must be identified and employment law pertaining to the scenario will be discussed. For each business, identification of the best business entity for the given situation needs to be accomplished first. The decision of the type of business entity will take into consideration control, taxation, and liability issues. eview of the laws and regulations that each ownership group must consider and identification of risks that the businesses should protect against will be discussed. eview of the construction company's business structure and how it affects control, taxation, and liability issues along with how employment law…
Cheeseman, H.R. (2010). The legal environment of business and online commerce: Business ethics, e-commerce, regulatory, and international issues. (6th ed.) Upper Saddle River, NJ: Pearson Prentice Hall.
University of Phoenix. (2010). Course syllabus. Retrieved from University of Phoenix, BUS415 - Business Law website.
Pros and Cons of Partnership as a form of business
Partnership is a form of business where one or more individuals come together for the realization of a common economic goal. As with other forms of businesses, there are numerous pros and cons that come with it. One of the primary advantages is the pooling of resources that can be used for the achievement of the common goal. These common resources can include capital as well as skills needed for the successful execution of the business objectives. Another advantage is the lower rate of taxation. The profits from the business is treated as personal tax and so, the slabs are much lower. Lastly, it offers a high degree of flexibility and is simpler than many other forms of businesses such as corporations.
Partnership comes with its disadvantages as well. Firstly, partners have a joint and several liability which means…
Hanson, Mary. (1998). The Business Adviser Partnership: The Pros and Cons. Bizadvisor.com. Retrieved from: http://bizadvisor.com/PartnershipProsandCons.htm
US Small Business Administration. (2012). Retrieved from: http://www.sba.gov/
Warren, Carl; Reeve, James; Duchac, Jonathan. (2011). Managerial Accounting. California: Cengage Learning.
Moore, Karl. Pareek, Niketh. (2010). Marketing: The Basics. New York: Taylor & Grancis.
Business Financial Plan for Sweet Tooth Treats
Baking has always been a major part of my family life, and for generations there has been infamous cookie recipes past down from one cook to the next. Every holiday season, my cookies are notorious for being the best any gift receivers have ever had. Finally, I believe it is time to make my baking hobby and actual money making enterprise. I know I have the recipe, the potential customers, and options for both retail space and an online presence. The only thing missing is the initial push to make this hobby an actual business -- Sweet Tooth Treats.
Business Start Up Plan
The essentially product here is the various cookies, of different flavors and ingredients. I have several recipes for cookies, both permanent and seasonal variations. These products will be sold in both individual sales at a retail location,…
Colorado Small Business Association. (2012). The beginning balance sheet. Documents. Web. https://www.coloradosbdc.org/DocumentMaster.aspx?doc=4
Damrauer, Virginia Hire. (2010). One Good Cookie. National University. Web. http://www.academia.edu/346438/One_Good_Cookie_A_Business_Plan
Hub Pages. (2012). How to start your own cookie business from home. Small Business and Entrepreneurs. Web. http://kathrynvercillo.hubpages.com/hub/Start_Your_Own_Cookie_Business
Office of Financial Management. (2012). Generally Accepted Accounting Principles (GAAP). Accounting Principles. Web. http://www.ofm.wa.gov/policy/80.20.htm
There has been little in the way of fiscal policy, and the result has been entirely predictable. ith no particular influx of spending into the economy, the recovery has generally been quite weak. ith no fiscal policy tools on the horizon, it is therefore unlikely that any improvement to the recovery will take place.
International business is also an option for a company to improve its situation. If a company wants to sell, for example, running shoes, it has a number of options for this. The company could make the shoes in one country and sell them around the world. The company could also make the shoes in a number of different countries for local sale. It is recommended that the country should take advantage of economies of scale and produce in one country. Then, the company should sell the shoes all over the world. It can use local help…
World Economic Forum (2013). Global agenda council on the role of business. World Economic Forum. Retrieved May 5, 2013 from http://www.weforum.org/content/global-agenda-council-role-business-2012-2013
Friedman, M. (1970). The social responsibility of business is to increase its profits. New York Times Magazine Retrieved May 5, 2013 from http://www.colorado.edu/studentgroups/libertarians/issues/friedman-soc-resp-business.html
Labonte, M. (2013). Federal Reserve: Unconventional monetary policy options. Congressional Research Service. Retrieved May 5, 2013 from http://www.fas.org/sgp/crs/misc/R42962.pdf
Stakeholders may also exercise political power indirectly, for example, during protests by environmentalist on a government move.
Lastly, the stakeholders have legal power. Legal power means they can sue the business firm if they feel they unfairly treated by the business firm. This happens when they sue a corporation for damages due to harm caused by the firm on the stakeholder. An example is a lawsuit by customers for damages caused by consuming, or using unsafe goods or services, brought by employees damage caused by injury at work, or brought by environmentalists for damages on the environment either by water polluting, air pollution, or by harm to habitats and species of animals and plants (Weber & Lawrence, 2011).
In order to start a coalition with the stakeholders, the CEO needs to hold a first meeting with them. The meeting should have some characteristics, which include optimism, have energy, and signal…
Weber, J. & Lawrence, T.A. (2011). Business and Society. Stakeholders, Ethics, Public Policy,
3rd ed. Unites States, USA: McGraw-Hill Company.
Kokemuller, N. (2013). How Do Stakeholders Influence Business Activities? Chron. Retrieved from http://smallbusiness.chron.com/stakeholders-influence-business-activities-18754.html
Loewenstein, M., Holt, C. & Rabinowitz, P. (2013). Identifying and Analyzing Stakeholders and Their Interest. Community Toolbox. Retrieved from http://ctb.ku.edu/en/table of contents/chapter7_section8_main.aspx
Business Society and Corporate Values
There has indeed been a great deal of discussion regarding CEO compensation, which is rightly viewed as being completely out of line. The core problem and cause of inflated CEO salaries cannot be attributed to a single reason, but is rather the result of a range of inter-connected factors. What is definitive is the fact that these salaries have inflated over time; this is in part due to the fact that greed is a progressive, boundless factor. "According to the Economic Policy Institute, in the late 1970s, total compensation of chief executives in large American corporations was 35 times that of the average American worker. In 2007, it was 275 times that" (Borger, 2007). These facts alone demonstrate that there is good reason to be in a state of alarm. The reasons for such severely inflated and remarkably unjust salaries are a result of the…
Ball, P. (2012, July 4). GlaxoSmithKline's bribes are evidence that Big Pharma isn't working. Retrieved from Guardian.co.uk: http://www.guardian.co.uk/commentisfree/2012/jul/04/glaxosmithkline-big-pharma-not-working
Borger, J. (2008, September 5). Why do CEOs make so much? Retrieved from Minnpost.com: http://www.minnpost.com/politics-policy/2008/09/why-do-ceos-make-so-much
Boselovic, L. (2011, May 15). Rajaratnam case puts big chill on insider trading. Retrieved from post-gazaette.com: http://www.post-gazette.com/stories/business/news/rajaratnam-case-puts-big-chill-on-insider-trading-297777/
Choudhury, U. (2011, October 14). Rajaratnam becomes a 'whipping boy' for Wall Street misdeeds. Retrieved from firstpost.com: http://www.firstpost.com/business/rajaratnam-becomes-a-%E2%80%98whipping-boy%E2%80%99-for-wall-street-misdeeds-107346.html
Business and Human esources
Apple Company Inc.
Apple was founded by Steve Wozniak, Steve Jobs and onald Wayne in 1976; however it was integrated in 1977. It is an American company which not only produces computer electronics, personal computers, portable devices and software but also sells them. Apple has been in this business since 30 years and in this time span, it has faced highs and lows in its economic activity. It is not only listed on the NASDAQ with the ticker of AAPL but it has a share in NASDAQ-100 and S&P 500 as well. In 2007, Apple gained extensive fame after the struggle of many years when it introduced the iPhone, iPad and iPod touch in the market (Flippone et al., 2012).
The Organization Today
Flippone et al. (2012) mentioned that Apple has 393 retail stores located in 14 countries since August, 2012. Apple is recognized as the…
DataMonitor. (2011). Apple, Inc. Company Profile. Data Monitor, annual Report, Company Overview.
Economist Intelligence Unit: Fertile Ground: Cultivating a talent for innovation. February 2009
Flippone, T., Youden, D., Pennington, K. And Fersht, P. (2012). Human Resources Transformation: Is It Driving Business Performance? HfS Research, Ltd.
The Global Innovation 1000: How the top innovators keep winning. Booz & company, 2010
Description of the Business
The business is a gourmet candy shop. The shop will sell gourmet candy that has been sourced from all over the world. The shop will operate with one storefront location, and there will be an Internet/mail order component as well.
The rationale for the business is simply. There is a growing trend towards hedonistic approaches to dining. We have seen in the past few years the rise of the bacon fetish, high end craft beer and coffee, cupcakes, the move of fine dining to the mass market and a full embrace by Americans of better quality indulgent goods. Much of this trend can be credited to the aging of the population, as people seek to maximize pleasure. They have the financial means to treat themselves, and seek to balance this hedonism with a desire to be healthy. The intersection of these ideals is where…
Bailey, E. (2013). Pros and cons of incorporation. Suite101.com. Retrieved November 14, 2013 from http://suite101.com/a/pros-and-cons-of-incorporation-a42401
FASB. (2013). International convergence of accounting standards. Financial Accounting Standards Board. Retrieved November 14, 2013 from http://www.fasb.org/jsp/FASB/Page/SectionPage&cid=1176156245663
IRS.gov. (2013). Publication 946. Internal Revenue Service. Retrieved November 14, 2013 from http://www.irs.gov/publications/p946/ar02.html#en_US_2012_publink1000270861
NCA. (2013). Profile of the U.S. candy industry. National Confectioners' Association. Retrieved November 14, 2013 from http://www.candyusa.com/content.cfm?ItemNumber=1607
Summarize the actions that lead to the lawsuit.
The actions that lead to the lawsuit are from an Ace Hardware franchisee alleging that they were defrauded by the company. What happened is oy and Pattie Ewers are suing based on the fact that the company deceived them into buying a well-known hardware store in Northern Virginia (named Fisher Hardware). The basic idea is that the Ewers' would make an initial purchase. While Ace, set up the franchise and helped the facility to build upon the customer base that was established over 60 years. ("Ace Hardware Lawsuit," 2012)
However, after the Ewers' received a $1.8 million SBA loan is when they were facing numerous difficulties with a supply chain that was filled with bugs. To make matters worse sales were much lower than the financial figures that oy Ewers examined before purchasing the store. The combination of these factors…
Ace Hardware Lawsuit. (2012). WHLA. Retrieved from: http://www.wjla.com/articles/2012/08/ace-hardware-lawsuit-fischer-s-hardware-owners-claim-ace-ruined-business-78662.html#ixzz2EzL0SOQP
Barkoff, R. (2008). Fundamentals of Franchising. Chicago, IL: American Bar Association.
Barney, J. (2012). Purchasing, Supply Chain Management and Competitive Advantage. Journal of Supply Chain Management, 48 (2), 3 -- 6.
Cross, F. (2011). The Legal Environment of Business. Mason, OH: South Western.
S corporations must be domestic in nature, issue only one kind of stock, and have less than a hundred shareholders: given that Frank only has aspirations to have a U.S.-based business, this entity type would seem ideal, although he might need some legal help to file as an S Corporation.
Professional practice: An LLC, or limited liability corporation, is the most popular type of entity structure for professional groups such as doctor's offices, accountants, and other small enterprises. As owners, Akiva and Tara would not be personally liable for the debts of the LLC, although constructing the entity is more complicated, legally, than a joint proprietorship. Given the insurance risks of running a birth clinic and the dangers of litigation, anything but an LLC would be unwise. Additionally, in some states, owners are "protected from personally liability from certain acts or misconduct of other partners, employees, agents, or their representatives"…
Limited liability. (2010). State of Iowa. Retrieved March 29, 2010 at http://www.sos.state.ia.us/business/limliabpart.html
Limited partnership. (2007). Quick MBA. Retrieved March 29, 2010 at http://www.quickmba.com/law/partnership/limited/
Pregnancy Discrimination Act. (2010). EEOC. Retrieved March 29, 2010 at http://www.eeoc.gov/facts/fs-preg.html
S Corporation. (2010). IRS. Retrieved March 29, 2010 at http://www.irs.gov/businesses/small/article/0,,id=98263,00.html
As obesity became a hot top, outcry from parents, educators and government institutions began to criticize these arrangements. Coca-Cola has also been rebuked for its Harry Potter promotional advertising campaign, the costliest movie tie-in ever, that promotes children's literacy while simultaneously pushing Coke sales (aue, 2002).
In 2003, the Centre for Science and Environment (CSE) said soft drinks sold by Coca-Cola and PepsiCo in India contained high levels of pesticides such as DDT and malathion (Coke, Pepsi India deny pesticides in soft drinks).
The independent environmental group said it had found no pesticides in tests of Coke and Pepsi soft drink brands sold in the United States and attributed India's high pesticide residues to the soft drink and bottled water industry's use of an enormous amount of ground water as the basic raw material. For their part, Coca-Cola and PepsiCo denied the reports and resisted efforts government efforts to display…
Baue, W. (2002, January 3). Harry Potter hawks Coke, inciting ire amongst fans and consumer advocates alike. Institutional Shareowner. Retrieved January 26, 2005 from Web site: http://www.institutionalshareowner.com/news/article.cgi?sfArticleId=746
Coca-Cola 2003 annual report. Coca-Cola. Retrieved January 25, 2005 from Web site: http://media.corporate-ir.net/media_files/irol/94/94566/reports/ko_022704.pdf
Coca-Cola Enterprises' profit falls, (2004, October 28). Associated Press. Retrieved January 25, 2005 from Web site: http://biz.yahoo.com/ap/041028/earns_coca_cola_enterprises_3.html
Coke announces plan to alter school vending program in bid to curb the commercialization of schools (2001, March 19). Ethics Newline. Retrieved January 24, 2004 from Web site: http://www.globalethics.org/newsline/members/issue.tmpl?articleid=03190113315321
Felipe's inability to speak English would be a liability to the company and a possible safety threat, so he should not be hired as well. That leaves Eric and Michelle, who are both qualified candidates and could therefore both be hired. Even though Eric does not have a high school diploma, his life experience should make up for the lack of education, and he knows how to work a jackhammer. Michelle is perfectly qualified, and cannot be turned down solely because of her (supposed) pregnancy, and is therefore the top choice according to the criteria. However, if either of their interviews provided a legitimate reason to why they would not be able to work, they would not have to be hired.
As a provider for Stonecraft Builders, Paul would do well to incorporate his proprietorship into a corporation. The process would take some time: he would need to file the…
IS Sole Proprietorship Status for You?. (2008). Home Business Magazine: The Home-Based Entrepreneur's Magazine, 15(6), 58. Retrieved from EBSCOhost.
Job interviews: How to pose risky questions the legal way. (2010). HR Specialist: New York Employment Law, 5(4), 6. Retrieved from EBSCOhost.
Jones, L.T. (2003). Preferred Return Limited Liability Company: An Alternative to Split Dollar. Journal of Financial Service Professionals, 57(6), 75-84. Retrieved from EBSCOhost.
However, as Nick is unqualified for the position, the medical question is moot -- Nick would not be hired because he has no experience.
Michelle has some past experience and would be under consideration. Under the terms of the Pregnancy Discrimination Act prohibits discrimination on the basis of pregnancy in employment. The Act does not explicitly prohibit Mei-Lin from inquiring about the pregnancy, but it is recommended that she refrain from doing so, as that inquiry could be used against the company in a discrimination suit should Michelle not be hired. Although ethics are not encompassed in the law, from an ethical point-of-view it would be irresponsible for SureBuild to hire Michelle, as working as a jackhammer operator would put the fetus at risk, there could be legal action taken against the company as a result for failing to provide the fetus with adequate duty of care.
Eric is experienced,…
All Business. (2010). How should you structure your business? All Business. Retrieved October 30, 2010 from http://www.allbusiness.com/business-planning/business-structures-limited-liability/1679-1.html
ADA.gov. (2005). A guide to disability rights laws. U.S. Department of Justice. Retrieved October 30, 2010 from http://www.ada.gov/cguide.htm#anchor62335
Pregnancy Discrimination Act (1978). Retrieved October 30, 2010 from http://employment.findlaw.com/employment/employment-employee-discrimination-harassment/employment-employee-pregnancy-discrimination-top/pregnancy-discrimination-act.html
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This is when the overall amounts of responsibilities are limited to: the percentage of ownership of the different shareholders. As a far as control is concerned, this means that management must carefully monitor who they are hiring to work as the jackhammer operator. The reason why, is because of the possibility of the on the job injuries that are work related. Taxation issues are limited mainly to the percentage of ownership of the various shareholders. As all income from the business will be divided and reported on the individual tax returns of the business owners. The possible liability issues include: workplace injuries, negligence and the loss of income that an employee can claim (in the event they are injured). To protect itself against the different risks, the business needs to have policies in place that will monitor the activities of managers, to ensure that they are following all regulations. This…
What is a Limited Liability Company. (2011). Wise Geek. Retrieved from: http://www.wisegeek.com/what-is-a-limited-liability-company.htm
Astarita, J. (2009). Introduction to Private Placements. SEC Law. Retrieved from: http://www.seclaw.com/docs/pplace.htm
Eadie, J. (2011). Using Private Placement Strategies. Covenant Info. Retrieved from: http://covenantmfo.com/blog/2011/3/17/using-private-placement-strategies-minimize-tax-headaches
Schied, J. (2009). What Rules do Franchises have to Follow. Bright Hub. Retrieved from: http://www.brighthub.com/office/entrepreneurs/articles/55272.aspx
Business and Ethics
The business ethics checklist
Organizational Decisions-Making on Substandard Products
Unaccountable products from companies or manufacturers are often regarded dangerous, unsafe and substandard, both by the target consumers and government. Unfortunately, toy products stand among the most affected group of items within the field of production. Sub-standard products are those that do not meet the legal and safety standards and/or qualities set by the pertinent authorities. Such products may result due to failure in quality control during the production process, or failure in legal handling pursuit. According to Cockburn (2005), these are genuine items produced by legitimate manufacturers; however, they do not satisfy the quality disclaimers that the producer defines. It may not be intent of the company to cheat, but may be as a result of problems during the manufacturing process. Thecase of metal whistle herein is thereby regarded to fall under the category of sub-standard products,…
Cockburn, R. (2005). The global threat of substandard products: Why industry and governments must communicate the dangers. Business and Economics.2(4), 302-
Herbert, A. (1999). Administrative behavior. New York, NY: The Macmillan Company.
McDonalds, G. (2004). Corporate social responsibility: Structured decision making. Business Administration,56(3), 124-137.
McPhees, K. (1998). International social concerns into private sector: Decision-making process.Washington, DC: The World Bank.
Love Canal Scandal
The Love Canal situation dealt with a chemical company that buried there toxic chemical waste and then sold the land that was contaminated. The Hooker Chemical and Plastics, Co. bought a canal that was unfinished because the owner went bankrupt before he got to finish it. Hooker then filled a large area, a 3,200 ft. section of the canal with chemical waste. It wasn't Hooker alone who dumped in this area. In the same period, several other chemical companies as well as The City of Niagara alls also were also adding to the waste. Hooker claims to have chosen this site for hazardous waste due to the clay composition in the subsoil and the fact that not many people lived nearby. The company reported to have buried approximately 21,800 tons of chemical waste in the canal.
The company later sold the land for…
On August 10, 1978 a group composed of three young women, two were eighteen and one was sixteen, were the subject of a rear end automobile accident by another vehicle while driving in a 1973 Ford Pinto. Other similar reports of the cars combustion upon an accident also began to emerge. However, Ford understood the cause of the problem well before any of the accidents occurred. Ford had actually conducted a cost benefit analysis that factored items such as the cost of fixing the fuel system problem on existing cars compared to the estimated legal costs associated with the lawsuits that were directed at Ford due to the unneeded loss of human life. Even though the part was not very expensive, Ford decided that it would still be cheaper to provide compensation through legal settlements than it would be to conduct a product recall to fix the systems.
Ford's actions were definitely unethical in many regards. Even it would have been cheaper for the company to provide compensation to the families would have been cheaper than fixing the problem, the company was still unethical. When considering the costs of human life, protecting lives should certainly come before profits. Not only was the Ford company unethical, but they were also bad at judging the costs. They were forced to pay heavily in settlements, but the total damage was far worse. The company's brand lost a significant amount of value among many consumers which cost them business for years.
This is because as night club owner, you will have to deal with host of issues to include: underage drinking, noise, possible violence and drugs. All of these different situations will inevitably bring law enforcement to your establishment. (Smith, 2007, pp. 7 -- 25) This is problematic, because as a club owner you are not responsible for the actions of a few individuals. However, you do have responsibility to uphold the law and cooperate with law enforcement in achieving this objective. This means that you must be able to have some kind of people skills, in being able to work with the customers and law enforcement about these issues. In my case, seeing these situations up close and how they were successfully resolved provides me with a basic foundation for having common sense. Where, I can be able to adjust to the different challenges that could be faced when owning…
Owning Your Own Night Club. (2010). Faze Magazine. Retrieved from http://www.fazeteen.com/issue03/owning_a_bar.html
Cassovoy, L. (2009). A Look Back At History. Start Your Own Bar and Nightclub. (pp. 3 -4). Irvine, CA: Jere Calms
Smith, R. (2008). Getting Started. How to Set Up and Operate A Successful Nightclub. (pp. 7 -- 25). Iowa City, IA: Upland Publishers.
It is projected that at least 10% of the individuals receiving the survey will respond.
There are a variety of reasons for using qualitative methods in a study such as this one. Even though there are drawbacks to the qualitative method including (but not limited to) the fact that respondents are not known and could be lying, the responses are very subjective, and the questions themselves are quantitative in nature, it is still deemed that the expense and time necessary to employ other methods would be to exorbiant in nature.
It is also determined that there are a number of others studies currently available that can provide data that shows the effectiveness of direct mail advertising, therefore, the focus would be on the sports magazine aspect rather than direct mail per se. Qualitative methods are therefore deemed the most appropriate for this study.
De Chematony, L.; Cottam, S.; (2009)…
De Chematony, L.; Cottam, S.; (2009) Interacting contributions of different departments to brand success, Journal of Business Research, Vol. 62, Iss. 3, pg. 297
Payne, a.; Storbacka, K.; Frow, P.; Knox, S.; (2009) Co-creating brands: Diagnosing and designing the relationship experience, Journal of Business Research, Vol. 62, Iss. 3, pg. 379
Roderick, J.B.; Whittome, J.R.M.; Brush, G.J.; (2009) Investigating the service brand: A customer value perspective, Journal of Business Research, Vol. 62, Iss.3, pg. 345
Teddington; (2008) the innovative media offerings for a man's world, Campaign, Oct 10, 2008, pg. 17
One set of concepts from each area was utilized to explain how the situation at Grand Bois may have come about. The end goal of the authors was to "provide business practitioners, ethics teachers, and readers interested in corporate conduct with insights useful in understanding why managers may act the way they do."
It could be argued, according to Hamilton and Berken (2005), that Exxon managers had made a sound business judgment, based on facts that were not known, at the time. The industry still contends that the majority of exploration and production waste contains no harmful compounds, and that for this reason the disposal techniques that are used at the Grand Bois facility were not only cost effective, but also environmentally safe.
Just because the exemption of this waste for hazardous materials was brought about by political lobbying does not mean that it is not scientifically or justified.
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Call for an extra Exxon Valdex payout. (2002). Disaster Prevention and Management, 11(3). Retrieved December 1, 2006, from ProQuest database.
Carson, S. (2006 Mar). Gert's moral theory and its application to bioethics cases. Kennedy Institute of Ethics Journal, 16(1). Retrieved December 1, 2006, from ProQuest database.