QBT Task 4 – Final Version 2 Robb Farrell Western Governors University Student ID# 000242903 THE REAL BOTTOM-LINE OF TODAY’S BUSINESS Research reveals that companies that focus on adhering to ethical standards and investing in socially responsible practices to the benefit of all stakeholders have a significant business advantage it today’s market place. Socially and ethically conscious originations have compelling business results in related to employee loyalty, company profits and consumer affinity. There was a time in our capitalist society that an organization’s number one priority and predominant focus was profits and shareholder interest. Indeed things have and are changing. In today’s market climate, companies have had to increase their consciousness as to what really matters.
Ethics Paper MGT/498 January 20, 2014 Mix sustainable development, company social responsibility, stakeholder theory and accountability, and you have got the four pillars of company property. It’s an evolving construct that managers are adopting as another to the standard growth and profit-maximization model. Corporate sustainability is often viewed as a brand new and evolving company management paradigm. The term ‘paradigm’ is employed deliberately; in this company property is another to the standard growth and profit-maximization model. Whereas company property acknowledges that company growth and profitability are necessary, it additionally needs the corporation to pursue social group goals, specifically those about property development — environmental protection, social justice and equity, and economic development.
Ethical Perspectives - Cross-Cultural Perspectives Vina Baptiste ETH 316 March 4, 2013 G. Edward McCullough Ethical Perspectives - Cross-Cultural Perspectives The Global Company I chose to research as a global organization is PricewaterhouseCoopers, known in the United States as PwC. I will identify ethical perspectives in this global organization and compare the ethical perspectives across cultures that are involved in this global organization. This company delivers assistance in quality assurance, advisory services, and tax. The company consists of a network of firms that offer these services. This network thrives on helping large and small companies to reach independent strength by showing in many ways how to survive form business to cultural and ethical diversity.
The Director of IBE, Philippa Foster Black, stated: "Not only is ethical behavior in business life the right thing to do in principle, we have shown that it pays off in financial returns.” (Foster-Black, P. 2006) Companies are continually presented with challenges and opportunities formed by concerns about their environmental and social impact. Management needs to understand the factors that constrain a company’s business value when dealing with these concerns. Scottish Power has had to review their business pitfalls since taking the position of the first foreign utility company to merge with an American electricity market, PacificCorp. This move has expanded into consulting services in areas such as, design and construction of power plant buildings, the development of control monitoring devices, installation and maintenance, analysis of water samples and environmental components, to name a few. They are also associated with a world leader in renewable energy, The Iberdola Group, opening opportunities for green solutions and the new mandatory global carbon emissions reduction scheme.
Utilitarianism focuses on: | | | | | Correct Answer: | the consequences of an action. | | | | | Question 3 | | | Equity Capital Corporation provides other firms with funds to expand operations. Questions of what is ethical involve the extent to which Equity has | | | | | | Correct Answer: | an ethical duty beyond those duties mandated by law. | | | | | Question 4 | | Establishing which duties take priority over others determines a firm's views on corporate social responsibility. | | | | Correct Answer: | True.
EST1 Task 310.2.1-05: Ethical Situations in Business Western Governors University February 2, 2013 EST1 Task 310.2.1-05: Ethical Situations in Business Companies have four levels of social responsibility: 1) economic, 2) legal, 3) ethical, and 4) philanthropic. A company has to balance its duty to shareholders to make a profit with its contract with society to make socially responsible decisions. In order to increase profit, a company must understand the needs of the stakeholders and develop a coordinated plan which establishes standards within the company that can be understood and accepted by all employees; as well as supporting the needs of the community it serves. Company Q has supported the need to improve profit by closing two unprofitable stores. However, an analysis should be made regarding the need to close those stores.
Costco Wholesale Corporation Part II Costco Wholesale Corporation is an extremely competitive industry. The following writing will discuss the financial health, technological advantages, globalization, and conducting benchmarking analysis in comparison to Wal-Mart and Target Corporation. To manage financial statements efficiently is by means of income statement, balance sheet, and cash flow. The technology has advance and made developments through the year, technological advantage in Costco Company is helping the progress for success. Globalization is the key to survival that allow to a company to be competitive and offer diverse services and convenience to consumers.
Running head: SARBANES-OXLEY LAW Sarbanes-Oxley Law Alexandria B. Lover Liberty University ACCT 302-B03 Abstract Since 2002, the Sarbanes-Oxley Act has been in place to not only raise awareness for employees and investors but also improve the management of internal controls in public corporations. Under the law, CEOs and CFOs are solely responsible for the accuracy of the financial reporting by their companies as well as the internal control structure to include fines and criminal prosecution if consciously falsified. The Sarbanes-Oxley Act was passed as a response to the Enron fiasco in an attempt to protect investors from corporate accounting fraud. The Act, which is officially known as Public Company
Evaluate the effectiveness of regulations such as Sarbanes-Oxley Act over minimizing the corporate fraud and protecting investors and make one (1) suggestion for improvement. The Sarbanes-Oxley Act is been very effective especially by protecting investors and improving the accuracy and reliability of corporate disclosures, and much of the law seeks to further this goal by imposing strict rules for audits and auditors of publicly traded companies, prevent insider trading and deals, requiring companies to adopt strict internal controls, and increasing the penalties for white collar crimes relating to investor fraud. As a matter of fact, the Act effects dramatic change across the corporate area to re-established investor confidence in the integrity
Financial Research Report for Walmart FIN 534 Financial Management Financial Research Report - Walmart Financial managers are responsible for establishing investment strategies for businesses. As a financial manager I have been asked to select a publicly traded corporation that is a good investment alternative for a client. There are various characteristics that I consider in the investment. The company must have a long history of success in the marketplace. Another desired attribute is that it must operate in than one country making the firm a global enterprise.