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
(Schlesinger) Stakeholder can be outer or inner to the commerce or the organization. For the victorious execution of the commerce and for the correct or utilized use of invested money, stakeholders rely on the CEO. Therefore, pay of the CEOs is vital for the stakeholders of the John Deere and Caterpillar. b. Literature
You must cover communication that is verbal, written, on screen, multimedia and web based. Decide on the stakeholders it applies to and the purpose of the communication. Business Communications - Homework Task There are various types of information that are both used by and created by organisations all of which have their own purpose such as informing employees of internal activities or stakeholders of developments within the organisation. You have been placed in charge of improving communication of a large company in the city of London and have been asked to study a competitor in order to facilitate this. Using one of the companies from the list below think about the types of information that they produce why they may produce it and where they will get the information from.
According to Collins 1975, “patrimonial leaders are more formal and persona” (Abadinsky, 2007). The responsibility of the patron (Chief in command) is to “be responsible for financial aid and safeguard for the customer, in recurrence the customer demonstrates gratitude by executing needed obligations that are instructed by the boss. The patron manages the funds of the corporation and arranges all associated conferences for the customer. Inside the patron-client model the patron has the authority to make profits by making contacts with other customers who are participating in criminal wrongdoings, some examples are narcotic smuggling, deceitful actions and currency filtering. A specific physical part or production is ruled by the boss and his group.
Introduction Subsidiary Corporations have the opportunity of special tax treatment that if allowed may offer various benefits to the parent corporation or their shareholders. Respecting the subsidiary status of these corporations may hold large tax consequences or benefits. The tax statuses of these subsidiaries do not represent a black and white issue. Taxpayers and the authority of the IRS hold different interests regarding paying taxes. Taxpayers have the incentive to try to pay as little tax as possible in order to maximize their wealth.
Corporations rely on the functions of law to protect their business dealings while managing business connections. Legal counsel, arbitrary agreements, order, safety, establishing good rapport with consumers, vendors, etc. are a few functions of business law (ehow.com, 2015). Like you or I, businesses have to pay taxes on income they earn, and tax law determines how businesses pay taxes. Business owners can choose from one of several business options that the Internal Revenue Service’s offer in regards to tax (nbea.org, 2007).
Explain the role of ethics and social responsibility in developing a strategic plan while considering stakeholder needs and agendas. Ethics and social responsibility of a business effects wide groups of stakeholders. Stakeholders that include employees, investors, shareholders, suppliers and customers will be influenced by the formulation of strategic plan. The ethical responsibility of the business reaches beyond the responsibilities to stakeholders, it also impact the community and many downstream industries that may be affected by the plan. Ethical considerations must be given by managers as to how the strategic plan will influence the stakeholders.
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.
BUSM 4125 – International Human Resource Assignment One: Case Study Analysis Introduction This essay will be analysing the case study of Pharmaz in the headquarters and India. While trying to disseminate the corporate culture across borders, there are various issues faced in the subsidiary due to the cultural differences between the Indian culture and its headquarters. As international business involves interaction and movement of people across borders, the appreciation of cultural differences is important (Dowling, et. al 2008). Thus, it is important to have the right people and IHRM practices appropriate for the right context.
and the Human Life International Shareholder Proposal Question 1: What are the arguments for and against Johnson & Johnson’s corporate philanthropy? In what ways do the company’s donations help or harm the company and its shareholders and other stakeholders? Answer: Before answering the above question we have to mention Johnson & Johnson’s Credo. The Credo of Johnson & Johnson’s basically is a statement that refers to the values of the shareholders and the responsibility of the organization to its stakeholders. As a result Johnson & Johnson as a profitable organization had to make some donations to help and improve the society as a whole because society and business are inter-depended.