Some of the very important factors are: Government stability effects businesses in a great range by competing with businesses to lower their costs, transparency is another important factor where anything the business does is revealed to the government and the government know exactly what they are up to. Economic policy of government on businesses is also a very essential factor that effects businesses for example, government sets up rules and frameworks according to which the businesses compete with one and another, so from time to time government changes these rules which forces the businesses to change the way of their set ups. There are also beneficial political factors that help businesses in various ways, these factors can be defined as apprenticeships and funding of schools and colleges which will enhance the skills of the population that will affect McDonalds in having more skilled workers to work for them which will
To our HCA colleagues: We are committed to a work setting which treats all colleagues with fairness, dignity, and respect, and affords them an opportunity to grow, to develop professionally, and to work in a team environment in which all ideas are considered. 3. To our regulators: We are committed to an environment in which compliance with rules, regulations, and sound business practices is woven into the corporate culture. We accept the responsibility to aggressively self-govern and monitor adherence to the requirements of law and to our Code of
Unethical behavior undermines positive gains. Intentional use of information to misguide public perception is harmful in all aspect of business. The concept of business research must be adhered at all times, and therefore managers must take every effort to enforce it, and employees held accountable for this process to take its full effect. The stages of business research are the following: 1) Clarifying the Research Question 2) Proposing the Research 3) Designing the Research Project 4) Data Collection and Interpretation 5) Reporting the Results In Stage 1, problem must be identified in order to initialize the business research, and thus providing clear guidance on the research process. In Stage 2, the proposal is created and presented for managerial review and approval.
APPLICATION EXERCISE II – MKTG 3371, 1. I read in the chapter that business needs government regulation to protect innovators of new technology, to protect the interests of society in general, to protect one business from another, and to protect consumers as well. In my opinion the government should implement levels of measurement and regulations to every aspect of the marketing mix, as marketing plays an important role in society. As we all know, the fundamental objectives of most businesses are survival, profits, and growth. It is clear to me that marketing contributes directly to achieving these objectives, with government regulation to the degree of a clear transparency, and a system of checks and balances that works for all.
This provides the most feasible resolution because of the ability to integrate the governmental regulations and for McBride to begin adhering to more ethical practices while maintaining some level of control and creating greater consumer trust. The current path of unethical practices, the insistence on maintaining total decision making control, and lack of corporate governance will lead McBride towards financial destruction and /or being removed as the CEO of his organization by the board
Without the full disclosure principle important negative financial information on company standings would likely be withheld from investors. The full disclosure principle requires that all circumstances relevant to financial statement users be disclosed. This means that all transactions must be available to the readers of a company’s financial statements. The important of full disclosure is to protect the people involved in an organization by requiring companies to provide all necessary
has a large risk in fraudulent factors due to working with many companies throughout the United States. National Commission of Fraudulent Financial Reporting is an independent private sector that investigates these behaviors. I believe and recommend that our company should have independent auditors for SEC and other regulations that apply to our business. We must also put into place education and promotional awards to reduce employee’s faulty performance. Our business ethics are honest and loyal in which we serve our employee’s with high standards.
Political competence is what can really make the CC part of it shine and in turn CC will make political competence shine. Political competence is one of the skills necessary to apply good cooperate citizenship. Both are related to ethics. Whereas good corporate citizenship is about an organization acting ethically toward society as a whole, political competence is one of the necessary skill required to apply good cooperate citizenship, which is a number of related skills. Good CC, for example, a company CEO of a HCO defines good corporate citizenship as meeting the growth and demands placed on health companies by society in an economically, environmentally and socially responsible manner (“The Power to Change: Mobilizing board leadership to deliver sustainable value to markets and society”, 2001).
Gap Analysis: Lester Electronics This paper gave us great insights about the financing of the merger. Lester is going to takeover Shang-wa Electronics and they have to find the right sources of funds to finance the merger. The issues and opportunities have been identified. Financing by debt can magnify returns due to trading on equity. Similarly using equity can reduce the risk one has to also take care of all the stakeholders and make a fine balance in order to achieve the vision of the organization.
In term of politic that will affecting the 99 Speedmart is government policy. This is because the government policy gives opportunities for growth and profit an attractive manufacturing and export base in the region. Government commits to maintain the business environment that providing companies with the opportunities for growth and profit. However the changes in government policies may either affect positively or negatively. In negatively of the government policy is they can block business operations such as finance, marketing, or property and automatically it become risk for 99 Speedmart businesses.