To keep them motivated, the managers will offer discounts as such on in-store items or chances of promotions. If the managers don't motivate their employees then the manager will be constantly replacing them as they under-perform or quit. | The trustees want the NSPCC to do its job successfully. Trustees are in charge of the financial decisions so they can look at how their funding can be used most effectively in achieving the organisation's goals. If the Trustees do not monitor the funding then they may overspend and put the organisation in debt.
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.
In addition, if a CEO/ CFO do not meet these requirements they can be criminally sanctions; which could include jail time reach up to 20 years if found guilty of willful neglect. Furthermore, a CEO/ CFO must understand the implications of section 303 in that improper influence or misleading of auditors can also render finical statements misleading, it is therefore to the CEO/CFO’s advantage to hire and retain highly capable and ethical auditors to ensure the company’s accuracy financial reporting, it is the CEO/CFO’s responsibility to set up “internal control over financial reporting” (White & Case LLP, 2003). The auditors responsible must ensure the internal controls
The stress of the audit partner is tremendous and choosing that profession is one that I would prefer not to undertake. The anxiety and pressure to certify that a company’s financial records are in good standing can be daunting. 3.) Independent auditors are sometimes perceived as the “necessary evil” by corporate executives because of the possibility of exposing corruption. To change this point of view an auditor can try to explain their intent to educate and improve the company’s policies, which can in turn lower costs.
The offenses are harmful to not only businesses in the United States of America but to the world of business as a whole and are unacceptable. If the law had been in place, many shareholders would have been safeguarded but numerous investors lost their lifetime savings by company insiders. The corporate world is a much more secure place with regards to investing with all of the changes and modifications which are now enforced. I still think there are other actions which can be taken to protect shareholders even though the modifications have significantly improved the procedure. Businesses must develop an ethical balance so as not to take advantage of unknowing shareholders who have invested their lifetime
Another risk that the firm faces is legal. Just like employees can file lawsuits against the company other stakeholder groups such as suppliers and customers can also take legal action against the company. The unionization of employees is a risk that can affect the employee relations of the company. A union can ask for exorbitant pay raises which could force Walmart to raise its payroll expenses which would lower the profitability of the firm. A union also has the power to shut down the operations of the firm if the employees go on
This can also reveal internal issues that need to be addressed. For example, if an employee feels a lack of appreciation from the business owner or anger at their boss, this could lead him or her to commit fraud as a way of
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. There attacks can damage security systems immobilizing the networks for days while security teams try to get the system repaired and back to operation. All kinds of data are vulnerable to these types of attacks because they happen within an organization by people that have access to the credentials required to perform malicious attacks. The potential risks for employee negligence can be high too as small employee mistakes can lead to bigger problems down the road. According to Benson (2012), “Users, data entry clerks, system operators, and programmers frequently make unintentional errors that contribute to security problems, directly and indirectly” (Christopher Benson, 2012).
Workers work under so pressure and it could also affect the environment of working on the company because there is more competition between salespeople and less fellowship. 2. Are Nordstrom employees pressured inappropriately by the sales-per-hour system? Are they inappropriately pressured by Management? Nordstrom employees are pressured inappropriately by the sales-per-hour system.
Name as many as possible. Any businesses that are distributing any unlawful actions like fraud. Financial statements shows what the company make for the year as well as what the company is bringing in. The owners are affected by this because if something is wrong it could fall back on them. The employees are affected because if something was to go wrong they may lose their job because of the company faults or not get paid like they should.