Compensation and Benefit packages
Compensation and Benefit Packages offered in a Corporate Environment
The purpose of this paper is to focus on the compensation and benefits packages offered to new and existing employees in the firm "Teamwork Packages" which is a small private firm. We take up the role of the head of Human esource department and it is our responsibility to develop a new compensation and benefits package which can enhance recruiting and retention of our company with the strategic objective of increasing the production levels by more than twenty five percent in the next half decade.
We will discuss many sorts of compensation practices and benefits packages which are offered by any firm. Since our firm Teamwork packages has recently applied a new Human esource structure, it is the responsibility given to this department by the senior management in evolving the growth, future prospects…… [Read More]
Is Anton Rabie making programmed or non-programmed decisions? Explain.
Given the fact that, according to the scenario, Anton did not have a firm purchase order in hand yet he still decided to take the risk and began manufacturing hundreds of thousands of Earth Buddies in the hope that Kmart would actually send in an order, Anton is operating on instinct or an overall feel of the general market, rather than making programmed decisions. However, this has proved, given the still relatively small scale of his endeavors, relatively successful for his firm.
Describe the three activities that are required in the strategic planning process. What kinds of things would Anton Rabie need to do at Spin Master Ltd. To complete these steps?
To assess the overall environment, the goals, and the mission of the organization, Rabie would have to gain an overall assessment of his competitors, set financial goals…… [Read More]
The Corporate Environment and Future Strategies of McDonald's Corporation
McDonald's Corporation is a leader in the fast-food industry. This business report includes an in-depth analysis of the present marketing environment of McDonald's Corporation including a LePEST, SOT, Stake Holder, and Five Forces Analysis in addition the second section will consist of a proposal for possible future strategy for the organization.
The political environment within the 120 countries in which the McDonlad's corporation has established restaurants is a constantly changing dynamic yet, for the most part the political climate in the respective countries is stable as it applies to the ability of the McDonald's corporation to run effectively. The distribution network of the organization does pose some challenges in some countries as the food and packaging of each restaurant must be obtained through approved and specific channels that attempt to and succeed in…… [Read More]
ELearning in Corporate Environments
Organizations and eLearning
Organizations today are in a continuous state of evolution. There is consistent learning, interacting, and implementation of new solutions to organizational challenges. This means that in order for organizations to succeed they must find ways to share their collective wisdom, preferably in real-time. The remedy most turn to is technology. Specifically, organizations are finding creative ways to include eLearning, or electronic learning, into their overall business and training processes (Ambrose & Ogilvie, 2010).
Technology allows organizations to be innovative in their approach to training. Corporations in general spent an estimated $92.5 billion on training last year (Capdeferro & omero, 2012). More than half of this figure is in eLearning content demand. eLearning by definition includes all forms of electronic supported education and teaching (oy, 2010). Organizations have been incorporating eLearning into business practice since the 1990s. This was spurred by changes in the…… [Read More]
" Strategic capital is defined as "capital expenditures that are required to expand production capacity above the previous year's level" (dictionary.com). We have to carefully define our strategic capital in order to monitor the direction and progress for next the next ten years. Another term that I learned through this book is the word "ubiquitous," which is defined as "existing or being everywhere, especially at the same time; omnipresent" (Dictionary.com). The ubiquitous fog surrounded our community at dawn and left everyone trapped within their homes.
The concepts within the book is directly connected to the concepts of the changing nature of business as a result of rises within modern economic, social and political factors. The most evident of these two factors is the rise of globalization and information-technology. Globalization has resulted in an expansion of the competitive landscape, which means that companies must now fight a multi-front war within the…… [Read More]
Globalization and the Corporate Environment
Memo to Supervisor of a McDonald's style fast food chain
Re: Globalization and the Fast Food Market
Globalization has become an increasingly unpopular term amongst economic journalists, as you are no doubt aware. Even a cursory scan of recent editions of the Economist yields allegations of environmental activists around the world who allege that America corporations are acting in a rapacious fashion towards the world's national resources. Local labor activists claim that individuals in Third World countries are being exploited for mere corporate profits, and American labor denounces outsourcing as the source of the recent failure of the job market to recover. Moreover, nationalist groups stress how corporations within the convenience industry such as our own have eroded indigenous cultural methodologies of planting, irrigation, and food production. Even the French have garnered sympathy for their farmer's destruction of local McDonald's, a true 'sign of the…… [Read More]
Green alternatives for corporations outside don't just stop at the roof though. Natural landscaping can be used to reduce irrigation requirements. Roof drainage can be reclaimed, along with storm runoff, to be used in irrigation.
For corporations that utilize refrigeration systems, these should be retrofitted to reduce or eliminate chlorofluorocarbons and hydrochlorofluorocarbons, as part of corporate environmental responsibility. In their place, natural systems, utilizing ammonia or carbon dioxide, produce no ozone depleting effect nor have components associated with global warming. Central refrigeration systems should be designed for ease of disassembly, so that individual components can be replaced, as needed, instead of the entire piece of equipment needing to be replaced ("Greener'").
Both interior and exterior lighting are excellent areas to target for environmentally and ecologically ethical alternatives, for corporations in the 21st century. Light fixtures can be replaced with high-efficiency units. or, organizations may with to simply install high-efficiency bulbs…… [Read More]
The author's research suggested that there were only two driving forces behind corporate environmentalism in Penang, Malaysia. The first of these fits previous findings of a "top-down" system where in corporate executives mandate greening, and it is carried out by lower level managers. Kasim notes that only one chain currently has such a corporate mandate, however, and cites its likely strategic motivation. Other hotel chains in the area do not possess the "win-win" attitude of environmental responsibility. The only other factor identified as a driver of corporate environmentalism is the governments inclusion of environmental consciousness in hotels' ratings, but this does not even amount to regulation. And while regulation exists, it is not stringent, well-enforced, or effective. Barriers, meanwhile, include the rapid rate of growth in Malaysia's tourism industry and its attempt to define a unique tourism identity. Rapid overgrowth will increase competition and lead to increased cost-cutting, which tends…… [Read More]
Corporate Mergers and the Public Good
The United States of America, during the last years of the Nineteenth Century, witnessed a rash of corporate mergers. The Industrial Revolution had taken firm hold, and the nation was changing rapidly. Millions of Americans who had once been independent farmers or tradesmen now found themselves in the position of what some termed "wage slaves." At the mercy of their corporate employers, they worked long hours at low pay, and often under appalling conditions. The reasons for the merger mania of this period are many and complex, as are its effects upon the population as a whole. In breaking down the traditional vocational environment, the gigantic new conglomerates also transformed the entire social landscape. ork was no longer a family business shared by all generations. Communities no longer clung together for mutual protection and aid. Suddenly, the citizen of this new world was out…… [Read More]
Business Level and Corporate Level Strategies
Business-Level and Corporate-Level Strategies
General Motors business level and corporate level strategies
General Motors (GM) is a company based in the United States with its headquarters in Detroit, Michigan. GM is a publicly traded company that is listed on the New York Stock Exchange. GM designs, manufactures, distributes, and markets vehicle parts and vehicles (Laudon & Laudon, 2011). The company also sells financial services. GM acquired the title for the world's largest automaker in 2011. It managed to do this by achieving the highest number of unit sales in vehicles since its establishment. For 77 consecutive years, GM was able to lead the global automobile unit sales from 1931 to 2007. However, GM lost this position to Toyota with GM coming second. Toyota still dominates the market. The preference and needs of the customers are the focus of a company's core competencies. In a…… [Read More]
Corporate Social esponsibility and Environmental Ethics
Abstract/Introduction -- No one can argue that the international business community is becoming more and more complex as a result of globalism. In turn, this complexity is driven by an increasing understanding of sustainability, going "green," and bringing ethical and moral philosophy into the business community. British Telecom, for instance, noted in 2007 that it had reduced its carbon footprint by 60% since 1996, setting itself a target of 80% reductions by 2016 (Hawser, 2007). Francois Barrault, CEO, BT Global Services, said that by supporting sustainability his company hoped not only to reduce its carbon footprint but also to attract younger people who prefer to work for environmentally and socially responsible companies. He didn't always think that way, though. Barrault said that when he first met former U.S. vice president and environmental activist Al Gore, who showed him pictures of icecaps melting, he thought…… [Read More]
Summary of the purpose of Corporate Sustainability Reporting
Reporting corporate sustainability is one of the best ways to ensure that a company is not only doing well financially in the present but also in securing a better and more certain future. The reporting of corporate suitability ensures that the current needs of the organization are effectively met without comprising future needs of the organization. Reporting on corporate sustainability also ensure that organization are able to keep up with all changes in the industry, with ensuring that new innovations have been developed, maintained and employed in the daily operations of the organization. Corporate sustainability is developed on a grid developed to ensure that the future is secure, and that the organization will survive for a long time.
Corporate sustainability also encompasses the assessment of current and future risks that the organization is likely to endure. As such, a majority…… [Read More]
Corporate Social Action of McDonald's and the Problem of Obesity
Corporate Social Responsibility
This paper proposes a corporate social action to McDonald's to address the issue of obesity among general consumers which is caused by high-calorie and spicy fast foods. The paper starts by highlight some research studies which explain how fast foods cause obesity among children and adults, and proceeds by discussing why McDonald's should take an initiative to remove this criticism by the local and international community. The paper also highlights the strategies to implement this action plan, the intended outcomes and affected stakeholders, the constituent parts of the plan, and unintended consequences or weaknesses of this initiative by the company.
The Social Problem:
Obesity is one of the major issues in health care. It gives rise to various heart diseases, diabetes, and other health related consequences (orld Heart Federation). A number of research studies have been conducted…… [Read More]
PENALTIES - CIVIL & CIMINAL
There are statutes that impose penalties both civil and criminal for government contractors who commit fraud, waste or abuse. Some of those statutes are as follows:
False Claims Act;
False Statements Act;
Bribery and Gratuities statutes;
Mail and Wire Fraud statutes; and the Public Integrity Act and recent legislative initiatives to strengthen criminal penalties for violations of conflict of interest laws. (Peckar & Abramson, 2007)
The government has the right to audit the records of the contractor for up to three years following a contract for the government being completed. Companies with contracts exceeding $5 million are required to: (1) post a fraud hotline poster; (2) establish a written code of ethics; (3) establish an employee ethics and compliance training program; and (4) establish an internal control system. (New ule for Government Contractors, nd)
SUMMAY & CONCLUSION
The Corporate Compliance Plan…… [Read More]
Additionally, it has been observed that whenever companies implement strategies of CS, they do this not out of individual choice and desire, but as a result of imposed legislations. "All of these decisions are made under the mandatory legal rules embodied in employment and labor law, workplace safety law, environmental law, consumer protection law, and pension law. Such rules, because they often apply to all businesses, are not susceptible to easy evasion through choice of form. As a result, those charged with governing a corporation find their decision tree considerably trimmed and their discretion decidedly diminished by mandatory legal rules enacted in the name of protecting stakeholders" (Winkler, 2005). In other words, the modern day evolutions of corporate social responsibility "caution against a rush to declare the ultimate triumph of shareholder primacy" (Winkler, 2005).
As a direct result of this changing legislation, more companies have commenced corporate social responsibility programs.…… [Read More]
Corporate Social esponsibility
I attaching assignment paper write essay CS.
Given the heightened level of international operations and globalization, pressure is mounting for corporations to behave ethically. Corporations are forced to developing standards, policies and behaviors as a demonstration of their sensitivity to concerns of stakeholder. The policies behaviors and standards are what a European commission called corporate social responsibilities. The Commission defined corporate social responsibility (CS) as "a concept whereby companies integrate social and environmental concerns in their business operations and in their interaction with their stakeholders on a voluntary basis" Commission, 2001.
Complementing this definition, McWilliams and Siegel. (2001)
, said CS include all actions that are intended to forge, beyond the firm's interest, a social good, and is a requirement in law.
Composition Corporate Social esponsibility
Corporate social responsibility entails coming up with solutions specific to a society. The corporation is however, not forcefully charged with an…… [Read More]
Both proposals were consequently amended and eventually accepted by the SEC.
The audit committee makes sure that the books aren't being cooked and that shareholders are properly informed of the financial status of the firm. Characteristically, the audit committee advocates the CPA firm that will audit the company's books, appraises the activities of the company's independent accountants and internal auditors, and reviews the company's internal control systems and its accounting and financial reporting requirements and practices. The compensation committee usually does the following: (1) recommends the selection of the CEO, (2) reviews and approves the appointment of officers who report directly to the CEO, (3) reviews and approves the compensation of the CEO and the managers reporting to the CEO, and (4) administers the stock compensation and other incentive plans. The suggested committee establishes experience for potential directors (Lunnie, 2007; pg. 90). It also puts collectively a list of candidates…… [Read More]
"hen Congress returned in 1934 to complete the federal disclosure tapestry, it created express private causes of action for misleading reports filed with the Securities and Exchange Commission (SEC) as part of the newly enacted continuous disclosure requirements, (3) provided private recoveries for market manipulation, (4) and authorized suits on behalf of reporting companies for short-swing profits garnered by certain insiders (Cox, Thomas, and Kiku, 2003)."
The creation of the SEC as a government body for oversight arose out a recognition by the courts that private action was not enough to protect investors and consumers from the materially misleading representations of corporate America (Cox, Thomas, and Kiku, 2003). Since its creation, however, the numerous laws and regulations that have come to frame the world of corporate governance have exceeded the limits of manageable governance. By the time the SEC has identified a problem, pursued investigation of the corporate representations of…… [Read More]
" (p. 4) This is to make the argument that it should be seen as a practical reality of this new business atmosphere that responsibility to the social realities and standards of an operational setting will be directly predictive of long-term survival, stability, functionality and survival.
That stated, it should also be seen as incumbent upon the global alliances created by the process of free trade to impose standards of corporate social responsibility vis a vis labor standards, wage equality and environmental protections. By taking this step, the world community can help to ease the financial burden placed upon those companies which aspire to engage in the global economy without eschewing positive corporate values.
Kahler, M & Lake, DA 2001, 'Globalization and governance,' IGCC. ead online Aug. 9, 2010 < http://igcc.ucsd.edu/research/intl_political_economy/gandg.html>.
Lockwood, N 2004, 'Corporate Social esponsibility,' Society for Human
Smith, H 2004, 'Who calls the shots…… [Read More]
There have been controversies on the subject of the governance and accountability of big corporations, but it is only recently that these issues have gained prominence. The compensation for the top management is one of the major issues of corporate governance today. The primary reason for offering stocks to executives was for raising the share prices and thereby increasing its value for both investors as well as shareholders. Though this proved to be a major success, there were a few executives who would not disclose their stock options or would not make full use of the stock options offered to them. This caused inefficiency in the financial market. Stakeholders have the freedom to check their shares and to question the management if there were any discrepancies. Despite these constant checks with financial analysts, the board of directors, the panel of regulators, auditors and managers, there has been instances…… [Read More]
While it may be seen as quite simple to put preventative measures in place to limit discrimination within a company, large companies especially may have difficulty in monitoring every case of discrimination in the company. There are however risk factors that can be taken into account when assessing discrimination issues.
The amount of diversity in a company and its various divisions should for example be taken into account. It should be ensured that there is a reasonably fair distribution in terms of various diversity factors such as religion, race, and gender. Furthermore, training programs and informal events can go a long way towards introducing employees to each other from a basis other than their personal preferences or heritage. Such issues should be handled with extreme care, while the specific personalities should be taken into account. A secretary may for example see a comment that was meant as a joke, as…… [Read More]
Corporate Social and Environmental eporting
Companies have presented investigations about their motivation towards voluntarily social and environmental as insolvent. This paper argues in agreement with Adam's view that the goal of CS reporting is to promote credibility and corporate image of stakeholders operating in a particular industry. Whereas companies must focus their efforts on enhancing their profitability, they should also ensure that the welfare of other stakeholders is protected.
Previous literature offers a revelation on various competing theories based on why companies make voluntarily report and engagements in corporate social responsibility. The major perspectives considered are within the scope of application include accountability and image promotion. Many studies hold consequential evidence towards accountability to shareholders making it difficult for organizations to distinguish relevance from accountability based on continued practice. The absence of actual legitimacy crises makes it hard to identify voluntarily reporting as a proactive measure in preventing future crises…… [Read More]
This was further detrimental to the morale of existing workers, as they began to resent the striking section of the workforce for their situation. The managing team then determined that a management of change assessment was necessary.
The first step in this assessment was an assessment of the existing situations. Workers were beginning to suffer from extreme fatigue, resulting in outbursts of anger and potential fights. This created physical hazards in the underground workplace. Worker resentment and anxiety were also rising as a result. Because these elements were detrimental for concentration and awareness, the physical hazard of spending long hours in the underground environment also rose exponentially for each worker.
It was also determined that input from workers themselves and their division supervisors was needed. For this purpose, several meetings were held between employees and their supervisors, and then with supervisors and management. These helped determined the precise areas of…… [Read More]
For IBM, it took Louis Gerstner getting angry about unfulfilled opportunities for new businesses to create the EBO structure. For Nokia, the similarities with IBM are at a very high structural level, yet Nokia relies on a completely different set of processes for fostering innovation and corporate entrepreneurship. The rapidly changing world of laptop computers needed a corporate nonconformist to accomplish what carefully defined processes in Toshiba could not. In the case of Trilogy the need for creating a steady stream of significant new innovation forced the creation of a proving ground where PhDs in software and mathematics could quickly define entirely new product and business concepts.
Abetti, P (2004) - Informal corporate entrepreneurship: implications from the failure of the Concorde alloy foundry and the success of the Toshiba laptop;. J. Entrepreneurship and Innovation Management, Vol. 4, No. 6, 2004, pp. 529-545
Arthur D. Little (2002) - Developments in…… [Read More]
Corporate governance of finances in major corporations has been a major controversy during the recent recession. The scandal at Satyam is indicative of problems across the board, from CEOS, to executive boards, to independent auditors and even accounting firms such as Price Waterhouse. In this essay, the author will consider the unique problems presented in a globalised market where faith in the market is essential for international trade to function.
When the CEO assumes the entire responsibility in a corporate governance fiasco absolving everyone else (family members, board of directors, independent directors and other top management people), how should the regulatory authorities and the government proceed against the CEO who has confessed and other people who were absolved by him. Critically evaluate especially from the point-of-view of absolving all the others including the top management, board of directors and the family members, from any of the accumulated corporate wrongdoings.
What…… [Read More]
Like many of the great charismatic military leaders of the past such as Alexander the Great (Bristol 204) or General George S. Patton (Rosenback & Taylor 223; Rost 72), Gibson and Blackwell report that Kelleher is not afraid to get down in the trenches with his "troops" and endure the same types of challenges that his employees typically encounter on their jobs. Kelleher is also well-known for his insistence on allowing his employees to identify appropriate solutions to the problems with which they are most familiar, just as George Patton was fond of saying, "Never tell people how to do things, tell them what to do and they will surprise you with their ingenuity" (Valle 1999:245). In addition, both Alexander the Great and General Patton were famous for leading their troops into battle and for being willing to suffer the same types of deprivations and make the same personal sacrifices…… [Read More]
With this position, she gained a wide variety of skills in many different areas of P such as corporate reputation, product marketing and placement, crisis communications, employee communications and social marketing. She says that some people get frustrated at the beginning of a communication position because of all the administrative and coordination work.
With the changes that are rapidly occurring across the world, crisis communication is an area that is growing in importance. All organizations are vulnerable to crises, from an oil spill or 9-11, to Enron and Worldcom, the Asian Tsunami Disaster, Hurricane Katrina and Virginia Tech killings. Organizations have to be prepared for the very worst and have an emergency plan in action for handling all areas of communication.
In a "crisis document audit," they look for a failure to address the many communications issues related to crisis/disaster response. Organizations do not understand that, without adequate communications: Operational…… [Read More]
The links to the campaigns would be promoted through various internet websites and sources.
5. The message
As it has been mentioned throughout the previous sections, the company's message would be centered onto two distinct directions -- the product and the organizational commitment to the satisfaction of the needs and wants of the various stakeholder categories. These stakeholders refer primarily to the company staff members, the customers, the customers, the business partners, the general public, the governmental agencies, the not for profit institutions and so on. With these specifications in mind, the public relations team at the organization has constructed the following message to be delivered to the stakeholders:
Our organization has been present within the market for more than a decade now and it has used this period to continually evolve and perfect its approach of the public. We focus on the full satisfaction of our customers' needs and…… [Read More]
All personnel need to be fully informed regarding risk management, particularly in terms of disaster, terrorism, or other unknown factors. Employees and employers therefore need to maintain an open communication system, through which risk management occurs as a dynamic rather than static system. Management should for example provide workers with the opportunity to offer suggestions relating to the current risk management manual. These can be communicated via spoken or written communication. Such a measure provides the opportunity to establish mutual trust within the company, which is vital if risks are to be handled effectively once they occur.
Inherent and environmental risks can also be handled via communicating in this way. By trusting employees to provide accurate information regarding ongoing risk factors, the management of an organization also provides such employees with a sense of trust and perceived importance. Such employees can then be inspired to provide the company with their…… [Read More]
When new employees are appointed, for example, they should be observed thoroughly during the first months of work in order to assess their stability and stress levels. A reporting system could also be implemented, by which workers are encouraged to consult management regarding their own or a co-worker's stress levels and concomitant work performance. It is important to ensure that none of these measures be perceived as unfair.
In terms of mechanics and electronics, it is highly likely that any machine, computer, or other device is likely to fail some time during its lifetime. It is also highly likely that this will occur during the operation of such a machine. Depending upon the nature and importance of the machine in question, injury may result for the employee operating the machine, or the company may collectively suffer loss or damages in terms of elements such as lost data.
One important way…… [Read More]
A lack of foresight and initial risk assessment therefore resulted in the losses suffered by the company.
In the area of maintenance and risk assessment, a lack of regular spillage inspection resulted in financial, legal and environmental risks for an oil company. The oil rig was not inspected on a regular basis, which resulted in a lack of regular maintenance. Hence the damage to one of the oil containers was overlooked, and a substantial amount of spillage occurred as a result. The environment suffered considerable damage as a result, and the company lost financial resources because of the need to clean up the spillage and mitigate the environmental damage. Furthermore, the company's reputation was damaged in terms of public perception.
Also I the area of maintenance and risk assessment, a lack of adequate safety clothing resulted in injury for several workers of a construction company. Disregarding safety regulations, several workers…… [Read More]
Today many institutions of higher learning are trying to implement it in some form (Bass, Dellana, & Herbert, 1996, p. 339).
In developing the institution of higher learning for the future, the administration will have to consider the new technologies that can be adopted, the consequences of doing so, ways in which those technologies can be used both on and off campus, and the way education should be organized to accomplish the tasks needed for the future. This will require rethinking the way the institution is currently structured:
eengineering in education is about developing a delivery process which is coherent and progressive in scope in order to maximize the learning experiences of students. Since reengineering focuses on coherent processes, not structures, it negates the perpetuation of typical educational structures, such as departments in high schools, and focuses more on sequential, progressive learning through the rearrangement of the curriculum and instruction…… [Read More]
In summary, we recommend that the IESBA reconsiders the proposals in the Exposure Draft and provides more guidance on safeguards applicable to sole practitioners and small accounting firms to ensure that the benefits of the changes outweigh the costs to SMEs. Under a principle-based approach, there should be safeguards and practical relief for all practitioners rather than rules-based outright prohibitions. The rewrite of this Independence component of the Code is substantially rules-based rather than principles-based. In this regard, we also encourage the IESBA to prioritize the redrafting of the entire Code using a similar drafting convention to that used by the International Auditing and Assurance Standards Board in its Clarity project" (IESBA Exposure Draft of Sections 290 and 291 of the Code of Ethics on Independence - Proposed Additional equirements in relation to Internal Audit Services, elative Size of Fees and Contingent Fees 2007).
There will also be an all-time…… [Read More]
The product is promoted for anyone who spends a lot of time indoors with crowds, and this means it is marketed especially for use in airports, planes, trains, and similar venues. As the promotional material states, "Crowded environments like Airplanes, Offices, and Schools are spawning grounds for germs that cause colds and sickness! Take at the first sign of a cold symptom or before entering crowded environments!" (Airborne, 2005, para. 1).
In reporting on the primary users of the product, Knight-McDowell indicates much about its target market:
Frequent flyers, business people, teachers, vacationers, working actors, professional and amateur athletes, flight attendants, hospital workers, Hollywood celebrities, people working in closed ventilation systems, commuters, students, restaurant & theater goers, and ANYONE for whom good health is a top priority (Airborne, 2005, Who uses Airborne?).
This product was developed by a school teacher, not a scientist, and was first sold in 1997. The…… [Read More]
Corporate Social esponsibilities
Comparison of CS Practices
In the 21st century, attaining some degree of social responsibility is recognized as a business quality that most corporations use in their daily operations to keep being in business Enquist, Edvardsson, & Petros, 2008.
The inclusion of social responsibility into a corporation helps to form a connection between the corporation's objectives with the idea of sustainable developments Samuel & Walter, 2009.
Corporate social responsibility helps corporations to show their ethical concern for sustainable development and that for their stakeholders. In this paper, a comparison of corporate social responsibility of three companies is given.
CS practices of IKEA, Hennes & Mauritz (H&M) and Starbucks compared
H&M philosophy in conducting business as the third largest retailer of clothing in the world is to offer the best price for fashion and quality outfits. The issue of the quality by H&M does not only involve the final…… [Read More]
was sold off in March of 2002 (www.stadium-electronics.com/investor-relations/corporate-history/). KP Power Source was acquired in 2006, a key acquisition as KP specializes in the distribution of power supplies. In 2007, Ferrus Power was acquired, and additionally was a key acquisition due to its specialization in custom power supplies. 2008 of October, Fox Industries Limited was acquired, which produced custom made power supplies and EMC filter products; November was the acquisition of EMS provider Zirkon Limited; 2010 saw the sale of the non-core asset Branded Plastics Business (www.stadium-electronics.com/investor-relations/corporate-history/).
Stadium managed to acquire the distribution and manufacturing units of many of its competitors. Such strategic acquisition from Stadium is a strategic target for a bigger competitor to discover the value in Stadium and acquire the company before they become too large for acquisition. When reviewing the acquisition strategy of Stadium, one must ask whether the company was preparing its balance sheet to be…… [Read More]
Henry W. Chesbrough uses this exact notion of "permeable boundary," when he gives his definition of open innovation: "In the open innovation model a company commercialises both its own ideas as well as innovations from other firms and seeks ways to bring its in house ideas to market by deploying pathways outside its current business. Note that the boundary between the company and its surrounding environment is porous, enabling innovations to move more easily between the two." (MIT Sloan Management Review: The era of open innovation, Henry W. Chesbrough) Having this in mind Procter and Gamble created their "Connect and Develop" innovation model.
In order for "Connect and Develop" to become what Procter and Gamble envisioned the company realized it was of the outmost important not to use time and valuable resources on ideas that may be interesting at first but later on prove to have no concrete, specific application.…… [Read More]
Corporate Governance and Ethical esponsibility
Dr. Doight recently hired President "Universal Human Care Hospital," oversees departments 5,000 employees 20,000 patients medical facility. He provided a broad set duties oversight numerous departments, including business development, customer services, human resources, legal, patient advocacy, a .
Corporate Governance and Ethical esponsibility
Duty of loyalty owed to internal and external stakeholders
According to Heath (2006)
, duty of loyalty entails good faith and honesty in best interests of a corporation's stake holders. The duty of loyalty involve the no-profit rule and no conflict rule Heath, 2006.
The duty of loyalty thus implies that, a person in-charge of overseeing the operations in an organization should not let his/her personal interest dictate performance of duty. It also governs actions which must be guided by honesty and good faith. A corporation's stake holders can be classified into two; internal and external Weaver, 2006()
Duty of Loyalty to…… [Read More]
Corporate Strategies: Why are they so Important?
What is your biggest Professional Accomplishment?
Organizational Design and Culture
The 80s and Deregulation
The Election of Barack Obama
US rise as a world super power
Dominoes use the strategy by depending on the population and household. They believe that the population and household income are what needs to help when it comes to figuring out if people are willing to pay the pizza price and how much is the request for pizza. They think that this method is important because the population is what helps figuring out the demand for pizza as a consequence of the law of the demand, the bigger population the greater the demand. The household income will help likewise for the reason that the more disposable income the more individuals will purchase a common good. However, Pizza is…… [Read More]
Both companies realized that business processes had a direct effect on organizational performance.
Wang's article is a persuasive piece of research regarding the usefulness of the BSC as a strategic management tool for analyzing the effectiveness of business re-engineering efforts and documents the relationship between the organization's business processes and the achievement of organizational goals. Wang utilizes two top companies, Acer and Compaq, in his case studies, companies with a plethora of data at his disposal, for this analysis. In addition, he has chosen an industry which is hyper-competitive as well as ever-changing, making it one of the most challenging industries for organizations to thrive in.
Given the extreme nature of these organizations, strategic management tools, such as the BSC, are even more important in ensuring success.
The primary weakness in this study is the use of second-hand data as the sole basis for the research. Wang's study…… [Read More]
William F. Baxter argues in favor of a people-oriented perspective on environmentalism in his article "People or Penguins." According to Baxter, measures to protect or conserve natural resources are only meaningful if they benefit human beings. In fact, the author asserts that concerns like clean air and water should be the means, not the end. Human beings, Baxter feels, are the end. Penguins and pine trees matter insofar as they please human beings, but they do not matter for their own sake. To support his arguments, Baxter first outlines four philosophical criteria by which he bases his observations about environmentalism. First, Baxter urges that all persons should do as they will as long as they do not "interfere with the interests of other human beings," (604). Second, Baxter notes that human beings possess limited resources, not just natural products like coal or water but also human labor resources. Therefore,…… [Read More]
These kinds of lawsuits are often upsetting to the fast food industry, because it is not the restaurants' fault that someone has chosen to eat their food to excess. However, the idea of being sued because of this or because they allegedly did not tell the consumer how much fat, etc., was in their food is a real possibility in today's society.
There are changes being made because of the legal concerns, but there are also changes being made because of the health concerns that many people are facing as well. The fast food industry has made some changes to the menu, as more fast food restaurants realize that there are some very health-conscious people that still will not eat at their establishments because the amount of sugar and fat that they would receive is just too much. As some of the changes are being implemented, however, those that are…… [Read More]
But the shareholders themselves need to be more aware and more involved in their company's business in order for any meaningful change to sustain itself:
Shareholders, the intended beneficiaries of the corporate vehicle, are the ultimate capitalists: avaricious accumulators with little fiscal risk and no legal responsibility for the way in which they pursue their imperative to accumulate. Shareholders, not corporations, show indifference to the needs and values of society. It is their behaviour that is most appropriately characterized as amoral indifference to the plight of others and their environment. Shareholders, not corporations, behave in a pathological manner. And shareholders should be the targets for the cure that we need for our ills. (Glasbeek 2005: 24)
There is also the problem of victimisation of other cultures in a global market. As Strike, Gao and Bansal (2006) point out in their article, 'Being Good While Being Bad: Social esponsibility and the…… [Read More]
This has lead to a greater corporate awareness of their impact in the multitude of regions they work and sell in. It has lead the concept of Corporate Social esponsibility to become a highlighted feature in the nature of global business today.
There are numerous examples of successful implementations of Corporate Social esponsibility in today's marketplace. Take one for example, the Caremark Corporation which is typically known to Americans as the owners of the CVS chain pharmacy and drug stores. This corporation has expanded rapidly over the past few years and has now become a global powerhouse. Yet, within its store locations, even in nations many corporations might exploit, they sill over excellent employee health packages that are equitable with the ones they offer their American employees in the United States. This seemingly small token shows corporate responsibility for their employees. However, not all seemingly wholesome American companies end up…… [Read More]
Corporate Social Responsibility
Companies use Corporate Social Responsibility to assess their effect on the social and environmental wellbeing and take responsibility. CSR is primarily a mechanism for self-regulation. Firms track and make sure that they comply with the law, actively, including standards of ethics, international and national norms. Occasionally, the efforts by such companies may go beyond the regulatory requirements or the groups for the protection of the environment (Belfiore, 2016).
Apple Inc. has emerged as a leading global manufacturer, marketer and designer of media accessories, communications devices, portable audio players and computers. It was established in 1977 in the state of California. It is now ranked as the largest company dealing with IT; based on revenue and the total number of assets under its ownership and control. It is also ranked second in the mobile manufacturing niche. The CSR activities at Apple are spearheaded by its Vice President in…… [Read More]
Actions that warrant for boundary should be on a written document and be available to employees at all time. This system should also take care of verbal and nonverbal agreement of contract expenditure, and no cost approval beyond the budget unless being approved by senior management and financing unit
These boundaries must be revised on an annual basis and edited if necessary. When employees understand the core beliefs and boundary system, then they do not just worry about delivering the bottom line results. Instead, they will strive to deliver corporate objectives without crossing boundaries.
Diagnostic control system should also be employed into the company whereby, new processes and performance measurements must be developed for the following:
Unit occupancy rate: this strives to achieve economy of scale.
Internal auditing: There should be a team of internal auditor reporting to the accounting VP. This team must constantly review the transactions and ensuring…… [Read More]
The development activities are always difficult to be hampered for the sake of environmental protection; therefore the organizations including Green Vision should provide possible alternatives to the authorities so that the development activities can continue, recreational parks should be created (Mayer, 2002).
The ultimate beneficiary and the victim of the advantages and concerns associated with any of the project is neither the authority, the developers nor the non-governmental organizations, but it is the public that benefits and suffers the most either ways, therefore keeping in view the concerns of the people in mind, there is need to adopt a moderate approach, which provide the benefits of the development plans to the public, and also provide environmental safeguard to them and the generation to come, because the environmental impact are never serious instant, the impact buildup gradually, and then take a strong trajectory towards environmental outburst, which will cause economic…… [Read More]
Corporate governance, IT Governance and Information Security Governance
IS 8310 Governance, isk Management and Compliance
Governance is the process of empowering leaders to implement rules that are enforceable and amendable. For comprehensive understanding of the term' governance' it is essential to identify the leaders and the set of rules, and various positions that leaders govern. Corporate governance, IT Governance and Information Security Governance embraces a linkage with certain acquiescence system while focusing on information security and privacy issues in the organization. This work will give a distinction between the three terms and identify how they related to each other and how endeavors to comply with each system is leveraged to apply to each other.
Governance is the process of empowering leaders to implement rules that are enforceable and amendable. Therefore, for comprehensive understanding of the term' governance' it is critical to categorize the leaders and the set of rules,…… [Read More]
Integrated Corporate Communication (ICC) and Corporate Communication (CC)
The established limitations are severely customized by globalization: the size of the company (where there is not a major link with the area of the performance, delocalization and outsourcing and being dependent on the network), design of the product and sales (where the relation with the competitors may be competitive cooperative) somewhat similar to the frequency of motor industry), competitive relations of space-time, the consumer models (which is focused with a turn down in the analogical media. The increasing significance of digital media and internet is also included. The most important of them is the advertising of television and the television itself); the importance of communication in the competitive environment, less protectionist measures of the economic systems, open spaces of competition, complex differentiation (Walther, 2007).
The incorporation of the global markets struggle to remove the inert environment and change them with the…… [Read More]
Many people think only of weapons when they think of military supplies, but these individuals have all of the same basic needs as everyone else, and these needs must be met or these soldiers will not be able to defend the country to the highest degree possible (Taylor, 2004). Anticipatory logistics, therefore, helps not only the soldiers that get what they need when they need it, but also makes the whole country less vulnerable.
Because supply chain management, in its modified form, works so well for the military, it is only logical that the anticipatory logistics, in a modified form, would work well for the corporate world. The similarities between the anticipatory logistics and the supply chain management are already very strong, and therefore they can both be adjusted to suit the needs of the opposite groups. ith some small changes to focus on profit instead of mission completion, anticipatory…… [Read More]
Take the example of an office ordering keyboards to equip all of its computers. As this corporate customer finds faults in all of its ordered products, it will lose trust in the manufacturer. And even if we do remedy the problem after sale, the company will have to await and as such register reduced organizational productivity. In the future, they will no longer order from us based on the negative experience.
I was able to understand the standpoint of the manager, even more so as I recollected that international leader Dell had also engaged in the same practice. But I also remembered the scandal which emerged as Dell was exposed for knowingly shipping faulty personal computers, as well as desktops. The company has been accused in court and the trial has been ongoing for three years now, without signs of a resolution. In the general scenario, Dell risks fines, which…… [Read More]
Changing Environment of Human Resources Management
Describe the business case for having HR report to the CEO/President in large organizations.
The Human Resources (HR) function in many firms, particularly in large firms with functional specialties, has traditionally been perceived as an administrative function that plays a support role in recruiting, training, paying, and retaining (or firing) members of the workforce. HR has also been seen as supporting other managers in providing a safe workplace and dealing with labor-relations issues. Over the past decade, as down-sizing has occurred throughout much of the corporate world, business cases have been made to reduce the size of the overall HR function, to outsource elements of the HR function such as pay or training, and to offload HR duties to other managers. This paper posits that a business case exists for retaining a strategic HR function in organizations, and for having the senior HR person…… [Read More]
Tesco’s Fraud in the Accounting Information System
The Accounting Information Systems (AIS) plays a central part in the business computing structure of any organization. AIS deals with the classification, collection, storage, monitoring, and conversion of the company’s data into information utilized for internal control and reporting (Smith, 2016). Once an organization adopts an Accounting Information System, they can keep accurate records, and manage the assets of the organizations properly. The management utilizes AIS to guarantee that there are suitable access and separation of duty controls. With such restrictions, the administration can hold the employees responsible for their interaction with the system. This paper delves into how the components and functions of Tesco’s accounting information system contributed to the 2014 fraud scandal.
Tesco’s Fraud Scandal
Tesco is popular grocery retailer with its head office in Welwyn Garden City, Hertfordshire, U.K. (Colson, 2017). Globally, it is ranked at position nine regarding revenues…… [Read More]
Basically, she is confronting the issue of role ambiguity. Is it really her job to monitor corporate ethics and compliance or should she simply wait until her manager hangs himself through his own carelessness? This introduces another stressor that she faces, that is, one of career development. Turning her boss in jeopardizes her upward mobility.
Ambiguity and threat to her career are big factors. The interpersonal relationships she has developed after the department down-sizing have become that much stronger and she feels that she may be putting her group members in jeopardy as well as herself. They have become so close partly because of the job conditions where they have had to operate independently of their mostly absent manager.
In summary, what makes this case so pertinent is that it really happened in the recent past. The ethical issues are genuine and are faced on a daily basis by…… [Read More]
Corporate Governance on Organizational Performance
Corporate governance implies to decisions made by the management in organizations, which influence the overall performance of the firm. Corporate governance focuses on organization's governance and the performance of duties within firms. Management of firms develops specific strategies or set of mechanisms that influence their decision-making. These decisions are crucial in firms where there is a clear difference in ownership and control. Some of the strategies the management team might use are employing the participation of the board of directors in decision-making, encouraging shareholders in the management of organizations or decisions made on market operations (Aguilera, Filatotchev, Gospel & Jackson, 2008). Decisions instituted by members of these teams directly influence the performance of the firm. Moreover, decisions tasks undertaken by the management and the shareholders contradict, but are very crucial to the overall performance of the organization.
Corporate governance is a highly powerful aspect to…… [Read More]
Corporate Social Responsibility
Corporate Social Responsibility (CSR) has recently reached an unprecedented level of salience with the emergence of global protests that seem to be driven in a large part by concerns over social issues such as equality as wells as environmental issues such as the regulation of greenhouse gas emissions. Although the protestors are occupying various parts of the world for a plethora of mixed motivations, it is reasonable to speculate that much of these individual motivations are embodied in the concept of CSR. The concept of CSR covers a lot of ground but there are two core principles that account for most of the commentary.
The first concept embodied within the notion of CSR is in respect to the manner that people are treated. Under classical models this would only include investors, customers, and internal employees. However the CSR approach includes all stakeholders locally, regionally, or even…… [Read More]
Environment Affects Organizational Effectiveness
To achieve an ethical institution, individuals must concentrate as much on institutional culture as on individual behavior. When individuals focus on these two, they will find that culture is created by two processed the establishment of institutional values and the implementation of those values. This study focuses on the role of the environment in shaping the organizational culture.
A number of ethical issues derive from vice, error and weakness. However, most of these stem from an institutional culture that promotes prudently or internal values at the expense of the ethical ones. In such a culture, good managers will make right decisions that are sometimes ethically problematic. This implies that they will make knowledgeable decisions, with strength of virtue and character, but those decisions will be unethical.
The environment in which an institution operates also shapes the cultural values, goals, norms and institutional beliefs. Therefore, because of…… [Read More]
The Corporate social responsibility (CSR) of companies demands their involvement in global issues such as air and water pollution. They can promote their organization by demonstrating how their products aid in protecting the environment. Companies are taking additional measures by getting their products certified of being eco-friendly in order to maintain their position in the race with others. This helps in improving their reputation which is a necessity for future success. Adherence to International Environmental standards such as the ISO 14000 series guide companies towards achieving their environmental goals. Certification boards conduct checks on their standards before they can use these to expand their market reach. The consumers nowadays tend to stay away from products which can potentially harm their environment or those which cannot be recycled. Companies align themselves to their line of thought by presenting themselves as being receptive to the needs of the environment.
There are some…… [Read More]
According to prior research studies, plagiarism is not just appearing in the academic environment. Now, plagiarism is being seen in corporate America as a way to "adjust" information that might otherwise seem unfavorable to stakeholders, higher-ups, or others who will be provided information regarding something to do with the company. Financial issues are often a part of the plagiarism issue, but there are other concerns that are not related to the company's finances. No matter what concerns a corporation has, it should be honest about those concerns and not attempt to cover them up with dishonesty of any kind. There are other dishonest practices other than plagiarism that are used in corporations today, but plagiarism is one of the more common problems that is discovered. It appears to be acceptable until it is discovered, and it is important that the researcher examines just how much plagiarism is permeating…… [Read More]
corporate ethical breaches in recent times, assess whether or not you believe that the current business and regulatory environment is more conducive to ethical behavior. Provide support for your answer.
Unethical behavior has drawn the attention of the public for the few last decades in all kinds of business. Many transformations in the business environment have taken place, including immoral conducts and the tendency for corruption. Unethical accounting behavior is also included as a consequence. So the government has been forced to increase regulations and inspect actions taken in business, most especially after the Enron, Tyco, WorldCom and other unethical accounting scandals. As a result of the mentioned scandals, the government then passed the Sarbanes-Oxley Act in 2002 providing regulatory requirements for better precision in business action, accountability and assurance of ethical accounting behavior by publicly held companies and accounting firms. According to Calle (2000), the total number of boards…… [Read More]