According to Mintzberg "the strategic decisions of large organizations inevitably involve social as well as economic consequences, inextricably intertwined...there is no such thing as a purely economic strategic decision." Corporate competitiveness, corporate governance, and corporate citizenship are the three key pressures that shape the agenda of business leaders today along with the growing pressure on their companies to deliver broader societal value (Smith, 2003). This pressure has been brought on by public reaction to globalization, and distrust of big businesses. In today’s social and political climate by consumers
1 Research Proposal: Improving Information Management RES/351 Improving Information Management 2 Research Proposal: Improving Information Management A company's inability to manage information efficiently can have a devastating effect on the organizations ability to operate effectively. The research proposal presented in this paper has the intentions of addressing the problem of mismanaged information that has resulted in a loss of time, money, and resources for the Corporate Security Initiatives Corporation. This research study will be a straightforward investigation and examination of the way information is sent and received, processed, analyzed, and used by the various departments within the organization. This proposal outlines the research process and design to be used to collect and analyze data, draw conclusions from that data, and how the results from the research will be presented to the company's leaders. Research Design and Process Companies today operate in a fast paced, highly competitive environment in which every decision, large or small, can have a dramatic effect on an organization's success.
Brian Crowe MGMT 368 Utilitarian Paper The Ford Pinto Case The best way to describe this case using the utilitarian principles and ethical business practice would be to consider the good and bad consequences for everyone that this action would affect. Unfortunately when it comes to business it is very hard for executives to make a good ethical business practice base on utilitarian principles and act morally because business seek to make a profit. Business will use a cost-benefit analysis in order to help them weigh the bad and the good consequences of performing a certain action as it relates to itself. On the other hand a utilitarian analysis, as an ethical point of view, weight the good and bad consequences on everyone affected (DeGeorge). In 1970 Ford Motor Company launched their new line of automobile called the Ford Pinto; they used a cost-benefit analysis based strictly on how the consequences will affect themselves as a business and not as an ethical analysis.
Trustworthiness, Ethical Stewardship in Leadership Anthony R. Gilmartin Northcentral University MGT7019-2 February 10, 2013 Abstract In this article, a comparison and contrast of the approaches of the parties who influence business decisions as it relates to ethics, and to whom the decisions influence. Furthermore, the article will scrutinize the differing objectives of company leaders who influence business decisions. Along with assessing the events that a corporation may take to arrange ethical considerations relative to social or financial performance, and corporation’s status in the community and business industry. The article will review the degree of consideration business leaders should use with social, ethical, and public issues when dealing with internal and external stakeholders. Last, the article will evaluate ethics in an academic setting, principally concerning academic integrity and the code of conduct.
It goes beyond philanthropy and compliance and addresses how companies manage their economic, social, and environmental impacts, as well as their relationships in all key spheres of influence: the workplace, the marketplace, the supply chain, the community, and the public policy realm.” (Harvard) So how do these two men define social responsibility and what does it mean to the real world? There seems to be a lot to be here, between their responsibility to the public and their responsibility to the environment and their own business, this can get complicated, and if they do screw up, the media lets everyone know it. As we seen with Enron, once a company screws up, the media is all over it. Several scandals and trouble in the media lately have brought out the crimes of society that billionaires have committed for years. This is dealing with consumers and stock holders, this is dealing with the property that the American public invests in, this is a topic where if a business does not stay on the straight and narrow, public opinion will close out.
The perception of investors is determined by the information incorporated in the announcement itself and in firm specific characteristic, but also by economic conjuncture” The next reason of the board’s decisions lays in the fact that the GTX was prioritizing the relationships with stockholders, neglecting the other stakeholders at the same time. As for other kind of relationships between the stock prices, layoffs and mergers and acquisitions –
Abstract In this essay is to discuss Business Ethics and Corporate Social Responsibility (CSR) by using Anglo-American and Primark as examples. Both companies have a strict policies on ethical behavior which can be used as a catalyst in how to conduct business ethically. Some of the key things I will emphasize what is meant by ethical business. Then I will analyze is how Anglo American and Primark apply ethics into their business. Moreover, The costs and benefits to an organization when they behave ethically.
The authors explore the ideas of collusion in the workplace and the controls put into place to avoid collusion. They analyze what could go wrong and the motivations and opportunities that are available to allow collusion to be executed in corporations. The author outlines the control efforts that are put into place as the redundant and compensating controls and notes there are more than just one preventative measures in place. By having more than one check point the controls have a system that not only prevents collusion but can also detect the presence of collusion. This source is relative to my paper discussing auditing collusion because it discusses collusion as a whole in a corporation.
Enron is a prime example of how the temptation of greed and the actions of irresponsible behavior can grow and spread like an infection from a corporate boardroom. “In this case, the infection spread to the energy firm’s accountant’s at Arthur Anderson, who looked the other way and later tampered with evidence.” (Stancavage, 2010). All those involved at Enron should have had a complete understanding of ethics, which in this case was classified as an avoidance of questionable or criminal acts. But it can be about excellent customer service or asking “what does an excellent boss-employee relationship look like?” (Stancavage, 2010). It had been determined that there are, in fact, companies out there on U.S. soil that actually understand and accept the concept of ethical behavior within an organization.
The Negative Influences of the Agency Problem on Corporation Governance Anqi Tong University of Bristol Abstract The agency problem, as the product of principle-agent theory, has attracted much attention among companies. It exists when the first-best behavior, which maximizes the company’s interests, is not consistent with the manager’s welfare. The aim of this paper is to survey the extent to which agency problem negatively influences corporate governance by reviewing previous literatures and evaluating the impacts of the agency problem on incentives, management accounting and corporate governance. This paper finds that to a large extent the agency problem will do harm to corporate governance, including passive affects on management accounting and corporate governance. Keywords: Agency problem; Corporate governance; Management accounting Contents Introduction 1 The Manager’s Incentive behind Agency Problem 3 The Negative Influences of Agency Problem on Management Accounting 6 The Negative Influences of Agency Problem on Corporate Governance 9 Conclusion: 11 Bibliography 13 Introduction About four hundred years ago, companies evolved into a new style: a number of shareholders formed a company so as to obtain benefit and bear risk together.