Preview

Ethics in Ukraine

Powerful Essays
Open Document
Open Document
1136 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Ethics in Ukraine
The Ukrainian Way of Doing Business: “Pogylayko” Story

Alexander was unemployed for several months, when a call came from his mother-in-law Oksana, who offered him a place in her company – “Pogylayko.” Alexander knew all about the company: how it got started and was operated. Now, it was up to him to make a tough decision, resolving the dilemma that came from his knowledge. The history of “Pogylayko” began 5 years ago. Alexander’s parents-in-law used their connections with government and privatized nice building not far from city center for a fraction of its real cost. It was owned by Lviv Railroad, but through bribing all the necessary people agreement was achieved. Than, city authorities were bribed and provided all the necessary legal documents and permissions for new business. The money for all transactions were provided by Alexander’s parents-in-law, who are owners of the company, and three other investors, who still share 30% of company’s incomes. The newly created company was dealing with distribution of beauty and cleaning products. It had reached several legal agreements with large producers and bought inventory at above market prices, thus generating higher profits. The owners decided to list the facilities (building and equipment) as their private property. It was also decided that company had to pay rent for the use of the property and equipment. Oksana and her husband, being forward-thinking persons, realized the potential profit of “Pogylayko” and set the level of the rent at above market rates. At the very beginning, company had some problems with finding trustworthy staff to work for it, so the owners decided to only hire people they knew to be honest, friends and relatives, regardless of their qualifications or the qualifications of other potential employees. The owners maintain the right to raise or lower the salaries and bonuses of all employees, themselves included, depending upon the profitability of the company. As usual,

You May Also Find These Documents Helpful

  • Powerful Essays

    Costco Case Study Essay

    • 1285 Words
    • 6 Pages

    1.1. The companyʼs business model was “to generate high sales volumes and rapid inventory turnover by offering members very low prices on a limited selection of nationally branded and selected private label products in a wide range of merchandise categories.” As a consumer this is a attractive business model because it saves money for the people purchasing while maintaining a strong business and not having to maintain capital.…

    • 1285 Words
    • 6 Pages
    Powerful Essays
  • Good Essays

    Corporate Goverment

    • 1300 Words
    • 4 Pages

    The acquisition of Coleman, First Alert, and Signature Brands, companies that were in financial trouble, and implementation of the marketing strategy called the “early buy”, showed that the products were sales, even though they had not been shipped or paid for. This made the company look more…

    • 1300 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Ethics

    • 1287 Words
    • 6 Pages

    The issue here is weather the conversation Stewart had with Mr. James Careful violated his rights. Also will filing a petition for a writ of habeas corpus be appropriate in this case?…

    • 1287 Words
    • 6 Pages
    Good Essays
  • Powerful Essays

    Ethics and Law

    • 2165 Words
    • 9 Pages

    All the names of people and places have been changed to comply with confidentiality according to the NMC code of conduct (2008).…

    • 2165 Words
    • 9 Pages
    Powerful Essays
  • Better Essays

    In 1922, Ukraine assisted in founding the USSR and joined it as the Ukrainian Soviet Socialist Republic (UkSSR). At the time, the leaders of the USSR became aware that the people of Ukraine greatly resented their new regime. To indirectly pacify this resentment, the leasers in Moscow permitted a great amount of local autonomy in the UkSSR. This was to prevent uprising and instability in their newly founded Soviet Republic.…

    • 1539 Words
    • 7 Pages
    Better Essays
  • Good Essays

    Forever

    • 562 Words
    • 4 Pages

    Building: On April 2, land and building were purchased at a total cost of P75,000, of which 20% was allocated to the building on the corporate books. The real estate was acquired with the intention of demolishing the building, and this was accomplished during the month of November. Cash proceeds received in November represent the net proceeds from demolition of the building.…

    • 562 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Ethics

    • 602 Words
    • 3 Pages

    Unlike morals, which are deeply held convictions held by an individual in regards to right and wrong behavior, ethics are recognized rules of conduct in regards to a specific action or a particular group of people. In short, ethics come from an external social structure whereas morals come from within – a person’s own perceptions of right and wrong regardless of what society’s rules say. The three primary schools of ethics that can be used in discussing ethical problems and dilemmas are care-based ethics, rule-based ethics, and end-based ethics.…

    • 602 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Crisis in Ukraine

    • 970 Words
    • 4 Pages

    Ukraine's security forces had largely suspended what was a fairly limited operation to respond to the takeover of eastern town by pro-Russian separatists after an accord with Moscow last week to try to defuse the crisis.…

    • 970 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    Russia Ukraine Incident

    • 1261 Words
    • 4 Pages

    After the disintegration of the Soviet Union and the Warsaw Pact, Ukraine must seek their own survival and development in the East-West political attacks. Russia wants to control Ukraine, in order to prevent North Atlantic Treaty Organization (NATO) eastward expansion. On the other hand, NATO hopes Ukraine can act as a barrier to prevent Russian expansion. Therefore, Ukraine must consider it should be pro-Russia or pro-Europe.…

    • 1261 Words
    • 4 Pages
    Powerful Essays
  • Powerful Essays

    Ukraine Gov. Conflict 2014

    • 1355 Words
    • 6 Pages

    The Crimean Khanate, a vassal of the Ottoman Empire, was conquered by the Russian Empire in 1783.[52] Following its incorporation into the Russian Empire, Crimea became the "heart of Russian Romanticism" and the region continued to attract vacationers well after the Russian Empire was replaced by the Soviet Union.[53] Crimea had autonomy within the Russian Soviet Federative Socialist Republic as the Crimean Autonomous Soviet Socialist Republic from 1921 until 1945, when Joseph Stalin deported the Crimean Tatars, and abolished Crimean autonomy.[54] In 1954, the Soviet Union under Nikita Khrushchev[55] transferred the Crimean Oblast from the Russian SFSR to the Ukrainian SSR, in a "symbolic gesture" that seemed insignificant at the time, since both republics were a part of the Soviet Union.[56][57][58] Crimea's pre-1945 autonomy was re-established with the Crimean sovereignty referendum in 1991, the final year of the Soviet Union's existence.[59]…

    • 1355 Words
    • 6 Pages
    Powerful Essays
  • Powerful Essays

    The Cherkizovsky Group

    • 7498 Words
    • 30 Pages

    “If I don’t create things, I die. I have to create,” declared Igor Babaev, owner of Russia’s largest food processing enterprise. “And when I die, I want to leave behind a well-functioning company.” In December 1997, however, all that he had labored to create over the previous six years was in jeopardy. Following the demise of the Soviet Union in 1991, Babaev adjusted quickly to Russia’s economic liberalization. He had taken control of a dilapidated Soviet production unit, the Cherkizovsky Meat Processing Plant located on the outskirts of Moscow, and through five and half years of diligence and hard work had expanded it into the Cherkizovsky Agro-Industrial Group, a diversified food conglomerate with 6,000 employees. To help direct the sprawling company, Babaev had formed a three-person management committee which, in addition to Babaev, included Musheg Mamikonyan, the president whose expertise as an engineer was instrumental in reorganizing the production process, and Mike Harman, a young American expatriate who served as the financial director. In the summer of 1997, just as the management team was trying to consolidate the company’s operations into a manageable structure, disaster struck. Allegations appeared in the Russian media that Cherkizovsky, along with other Russian meat processors, was selling hot dogs it had made from tainted meat. Though blatantly false, the stories put the company on the defensive with Russia’s finicky consumers. At the same time, hot dogs of mysterious origin began inundating the market at prices far lower than Cherkizovsky’s. Neither Babaev nor any of his similarly affected competitors knew what to do. They stood by watching as sales plummeted through the rest of the year.…

    • 7498 Words
    • 30 Pages
    Powerful Essays
  • Good Essays

    Wolfgang Keller

    • 656 Words
    • 3 Pages

    The case talks about the scenario in Konigsbrau`s Ukrainian subsidiary. Konigsbrau is a Munich based company which brews premium beer. They have very good reputation across the globe. The case majorly talks about two characters, Wolfgang Keller and Dmitri Brodsky. Brodsky heads the sales force and reports to Keller. Dealing with the behavior of Brodsky has become a concern to Keller as Brodsky has very reserved and formal approach which is considered not appropriate for the kind of industry he is in.…

    • 656 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    IBM HR

    • 347 Words
    • 2 Pages

    The company in year 2013 is converting its inventory into valuable product and selling it more efficiently…

    • 347 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    The Duna Hotel franchised by the intercontiential hotel chain located in the city of Budapest, was taken over and restructured by the Marriott. Because the hotel in 1992 became privatized by the Hungarian government it became an imident threat to the Intercontinental franchising chain, because of how much the government demanded change and control in the market share of the hotel and hotel industry. The Duna Hotels reputation was being ruined and two of the biggerest hotel chains Intercontiental and Marriot wanted to take over The Duna hotel and make it part of their market instead. The Marriott hotel came through with bidding the highest amount of money but they still had many problems to face with the government because of our strict their rules were, it then became very hard to change them.…

    • 342 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Estee Lauder 2011 Case Study

    • 2695 Words
    • 12 Pages

    This case study is about the cosmetics industry. The Estee Lauder Companies Inc. (Estee Lauder or "the company") is a globally recognized manufacturer and marketer of makeup, skin care, fragrances and hair care products. The company operates in the Americas, Europe, the Middle East and Africa, and Asia Pacific. It is headquartered in New York City, New York and employed about 32,300 people as of June 30, 2011. The company recorded revenues of $8,810 million in the financial year ended June 2011 (FY2011), an increase of 13% over FY2010. The operating profit of Estee Lauder was $1,089.4 million in FY2011, an increase of 37.9% over FY2010. The net profit was $700.8 million in FY2011, an increase of 46.5% over FY2010.…

    • 2695 Words
    • 12 Pages
    Powerful Essays

Related Topics