Ethics Paper MGT498 Ethics Paper One of the biggest things that big named organizations sometimes tend to forget is that when difficult decisions must be made, they affect everyone within that organization. Whether it be budget cuts leading to loss of hours or layoffs, lower stocks percentages for the shareholders or it can even change things positively, and require more production of hiring. Either way, when issues come up and things change, it is important to keep everyone involved well informed and made in the best interest of those directly affected. In the business world, corporations have a responsibility to the employees as well as the stakeholders to be ethical in their decision making by staying true to their beliefs and behavior to society. When unethical decisions are made, everyone involved in the corporation and its well being are affected in a negative way and will jeopardize the well being of the business.
Strategic Initiative FIN/370 November 10, 2014 Louis Wallen Strategic Initiative Paper Like any other company that uses technology Nike suffers from security issues with their IT programs. This is a risk that is faced with any company not just Nike, however, with Nike specifically this can be an issue. If security is breached, Nike can be vulnerable to ideas being stolen, material being lost, or people releasing a virus through the IT program. Not only does Nike rely on their information technology programming to run the supply chain but it is also used in retail as well as in their finances. When security is breached all kinds of questions come into play.
Perhaps they believe that the employees are contributing to the revenue losses and are stealing merchandise. These are all self destructive in nature and could impact their ability to remain in business and keep good employees. Making the decision to close two stores without adequate justification drastically reduces it footprint in the market place. It appears that either the store supervisor or manager is not engaged with the employees and consumers; do not have sufficient training on company ethics policies to enforce them; or they do not have a fully robust ethics program in place to address to ongoing issues. PART B Company Q can take some immediate steps which I believe would turn a downward trend in to positive results.
Each of these contributes to holes in the security, bugs and errors and disruption of business practices. The potential risks posed to the organization vary by each of these threats. For malicious security attacks the risks are high. Malicious security attacks pose a direct risk to the everyday processes of an organization. Malicious attacks can be brought on by disgruntled employees that want to get back at the organization by disrupting the flow of operation which causes financial loss for the company.
Globalization is the key to survival that allow to a company to be competitive and offer diverse services and convenience to consumers. Benchmarking analysis that compares competitive companies with their process and performance metrics to industry requires a comprehensive research. In a successful business, effective tactical development inevitability to manage finance is essential. Financial management is a comprehensive tool that monitors and willpower to improve a company’s success. When I was conducting the research for financial statements, there were many interesting.
When corruption occurs it damages the reputation of the employees and the business. Society relied upon this firm to assist in making them money but the firm was more concerned with their bottom line. Many of the individuals doing business with these firms lost their life savings and destroyed some of the trust that investors have with the Wall Street firms. It makes people have second thoughts about investing in the stock market. Another effect this unethical behavior had on these organizations been they agreed to pay a penalty of over $1.43 billion dollars as compensation to the victims.
West 49 has many risk factors. Competition is one of the many risks that affects West 49 because other companies can lower their prices and force West 49 to do the same and as result they would loose out on maximum profits. Economic Trends, Credit facilities and financial covenants, Human Resources, Dependence on Merchandisers and Foreign Merchandise Sourcing are some of the other risk factors that affect West 49.
Strategic Plan: Part II Anonymous BUS/475 February 23, 2000 n.a. Strategic Plan: Phase II Several trends and forces, both external and internal factors can lead businesses on different pathways. Trends and forces are necessities that must be analyzed by organization and fostered as a tool to increase revenue. Organizations that respond and react to changes and modify their strategic plan when necessary will remain superior in the industry and competition. In order for a business to thrive in today’s shifting business environment, the administration of that particular organization must have the capability to respond to changes in the trends and forces in the business setting.
1. Why is it important to focus on ethics in a global business management course? It is important because every multinational company and multinational managers face ethical challenges when operating in a foreign country. Multinationals engaging in questionable behavior receive bad publicity and can lose goodwill. Also multinationals can get sued and suffer losses.
Whole Foods Market, Inc. (WFMI) is a publicly traded company on the NASDAQ that seems to be doing very well in the grocery industry. The firm’s prospects for future success may be gleaned by computing several market value ratios to determine how investors feel about the company. Computing the ratios is a simple process that requires access to the company’s annual report and the value of the company’s stock. The computed ratios should be compared with the financial ratios of other companies in the same industry in order to gauge Whole Food’s performance in the grocery industry. We will calculate the price to earnings ratio, the price to cash flow ratio, and the market to book ratio per share to compare the success of Whole Foods with the