The conduct of any business venture is supposed to conform to the law. However, recent years have seen businesses increasingly engage in misconduct, and this has prompted questions of whether conformity to law is a prevalent practice among business entities. In the article “Business Ethics: Law as a Determinant of Business Conduct, Vincent Di Lorenzo looks at the influence that law has on business conduct by comparing the purpose and requirements of the law with actual business conduct that currently exists in the market.
The Principles of Corporate Government articulated by the American Law Institute acknowledge that although the primary ...
Stakeholder Book Reviews Samples For Students
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Summary : Managing business ethicsLinda K. Trevino & Katherine A. Nelson. Wiley; 5th edition
Chapter 4 – Addressing individuals’ common ethical problems
Ethical issue when people work together (privacy, discrimination, sexual harassment or simply how people get along. Key is fairness meaning equity, reciprocity, impartiality
- Equitable is when something is divided between 2 people according to the worth & inputs of the 2 individuals. Most people think it’s unfair when 2 people have performed the same duty but receive a different share of the reward
- Reciprocity: “if you do this for me I’ll do this for you”. Most ppl think it’s unfair if ...
BUSINESS ENVIRONMENT
INTRODUCTION
Unilever is a multinational corporation that has been formed by the joint venture of the Dutch and British companies. It owns more than 400 brands worldwide and is operational in more than 100 countries. The mission of the company is to add vitality to life. “We meet every day needs for nutrition, hygiene and personal care with brands that help people look good, feel good, and get more out of life” (Unilever.co.uk, 2014). The company changed its logo in 2004 to represent its cultural diversity as the new logo contains blue color and 25 signs. All the icons ...
__ April 2014
Summary:
- What the Paper is about
This study was done by four students from Department of International Business at Schulich School of Business (Bae et al., nd) to test how expropritaion incentives of controlling shareholders impact firm values during a financial crisis and the recovery period.
The results of the expropriation model ran for Asian firms for their 1997 crisis and Latin American firms for the 2001 Argentine economic crisis were aligned with the main hypothesis. The hypothesis called “expropriation hypothesis” posits that the value of firms with weaker corporate governance would significantly drop during a ...
Ethical behavior is one of the key factors that determine the success of a business. Ethics need to be maintained in all levels of business organization starting with the top level management to the senior most employees. Chapter 9 of the book Managing Business Ethics focuses on corporate social responsibility. There are various reasons why an organization should be involved in corporate social responsibility; the reasons include ethical, pragmatic and strategic reasons.
Every organization has a corporate responsibility to all the stakeholders involved. The face of a business is judged by how it treats its stakeholders. The existence of business depends ...
Introduction
This essay is offers a summary of the book, ‘Seven Keys to Create Leadership and a Sustainable Business Model’ by Howard Rasheed. This book is a resource for managers who wish to improve the performance in order to meet the competitive demands of the market and remain in business. In the current business context, businesses are evolving rapidly and there are new insights coming up every day. It is therefore not a matter of convenience that business managers should be innovative, but rather a matter of urgency and centrality for any business to remain afloat in the current dispensation. The seven keys are summarized, ...
“Abolishing Performance Appraisals" Book Review
"Abolishing Performance Appraisals" by Tom Coens and Mary Jenkins is both a challenging and thought-provoking book focusing on one of the premises of Human Resources Management. The effectiveness of performance appraisals is brought into question with the authors terming it as a “tool of patriarchy” at the workplace. The book shows why performance appraisal, as a practice in management, should be done away with and provide the steps on what can be done instead. It also cites several detailed case studies of firms or corporations that have effectively abolished the employee performance appraisal in their operations. The book is tailored for all ...
The chapter basically covers crucial issues in the transportation field, precisely the plans that have been tabled for the transport sector and how financing will be executed. Focus is put on regional financial planning, local transportation planning, the current transportation funding challenges, and transportation and land use (Fulton, 2001). All this intertwine to develop an integrated system meant to achieve a common goal. Transport is an integral component in the contemporary world. The globe has transformed to present itself as a global village, meaning that all regions worldwide are unified. This unity has been duly facilitated by transport, which has enabled ...
Guide to California planning-4th Edition is a very invaluable text written by William Fulton and Paul Shigley. It gives very important information on the planning processes in the state of California. To begin with, it fully explores the elaborate city and urban planning exercise used by stakeholders in the development and expansion of the urban centers. As the authors argue, the planning exercise is a very vital process which is guided by numerous state and federal ordinances. These are enforced both by the country and state authorities.
More importantly, there is the laying out of all the laws used in ...
Introduction
This paper is divided into four sections. The first section is a troubleshooting report on a restaurant’s food and operations. The report highlights the observations and gives the recommendations. The second section is short memo report which highlights the advantages and disadvantages of e-learning and the recommendations to Paper Products, Inc. The third section gives an in-depth development of an objective and “Related Capability” sections for the resume. The dream job, for which the resume is intended, is sales and marketing manager/executive. The final section is a memo that gives a critique of the website of Talisman Energy Inc., one of the ...
Introduction
The book “Greed and Fear” is a very powerful account of the impacts of psychology on economics. This book takes an insight overview of the investor irrationalities and its effects on the market prices and returns. The author gives an account of how the effects contradict the efficient market hypothesis. According to the author, the phrase “hope and fear” gives a better description of the reactions and the behavior of different market players. From the book it can be established that all financial practitioners eventually let bias, overconfidence and emotion influence their judgment and actions. The author uses the latest psychological ...