Kitchen Best
Grade: 84/100 87/100
Challenges: 16/20
Causes: 16/20
PoA: 20/25. Be more specific
Research: 20/20
Writing: 12/15. Work to organize your paper more concisely and coherently with more effective headings/subheadings/visual aides Grade update: I added 3 more points to make this section 15/15 based upon your re-draft.
Henry Chan, who is the CEO of Kitchen Best, has set some ambitious targets for the business in 2008. However, his plan suffered a setback when a series of crises happened in 2010. These incidents involved in serious management problems such as personal gains made at the expense of the company and kickbacks offered and accepted between Kitchen Best and its partners.
Symptoms
Deep rooted practices of kickbacks, bribing and corruption:
Accepting kickbacks, bribing and corruption were common in business dealings of kitchen best. Chan dong, founder of kitchen best treated his employees as family, and turned blind eye on any such practices as long as they were helpful in business expansion. But later when Henry Chan took over the business, a series of incidents had led him to take a deeper look into the company and uncover serious instances of misconduct.
Unethical means followed by kitchen best’s most trusted employee:
The shago incident :
Horatio Sze :
Sze awarded the contract to a factory owned by his brother in law, for his personal gain. Knowing that the products were faulty, he hasn’t taken any remedial action or cancel the contract.
Macy wei :
Having known that the products showed faulty in the in-house testing and Sze’s negligence towards this for his personal gain, she hasn’t reported it to the higher management, considering the good relation between Sze and Li.
Ignorance of Henry and Ma luk :
Sze reported directly to Ma Luk. Neither Ma took the responsibility to enquire further on the issue, nor did Henry involve himself much in monitoring the decisions of sub-contracting made by Sze.
Haus de metro :
Henry Chan, after having
Challenges: 16/20
Causes: 16/20
PoA: 20/25. Be more specific
Research: 20/20
Writing: 12/15. Work to organize your paper more concisely and coherently with more effective headings/subheadings/visual aides Grade update: I added 3 more points to make this section 15/15 based upon your re-draft.
Henry Chan, who is the CEO of Kitchen Best, has set some ambitious targets for the business in 2008. However, his plan suffered a setback when a series of crises happened in 2010. These incidents involved in serious management problems such as personal gains made at the expense of the company and kickbacks offered and accepted between Kitchen Best and its partners.
Symptoms
Deep rooted practices of kickbacks, bribing and corruption:
Accepting kickbacks, bribing and corruption were common in business dealings of kitchen best. Chan dong, founder of kitchen best treated his employees as family, and turned blind eye on any such practices as long as they were helpful in business expansion. But later when Henry Chan took over the business, a series of incidents had led him to take a deeper look into the company and uncover serious instances of misconduct.
Unethical means followed by kitchen best’s most trusted employee:
The shago incident :
Horatio Sze :
Sze awarded the contract to a factory owned by his brother in law, for his personal gain. Knowing that the products were faulty, he hasn’t taken any remedial action or cancel the contract.
Macy wei :
Having known that the products showed faulty in the in-house testing and Sze’s negligence towards this for his personal gain, she hasn’t reported it to the higher management, considering the good relation between Sze and Li.
Ignorance of Henry and Ma luk :
Sze reported directly to Ma Luk. Neither Ma took the responsibility to enquire further on the issue, nor did Henry involve himself much in monitoring the decisions of sub-contracting made by Sze.
Haus de metro :
Henry Chan, after having
References: : http://www.f5ac.org/item.asp?id=3340 first five financial control guide; ch 6. Internal control http://www.slideshare.net/anandsubramaniam/cross-culture-east-west http://smallbusiness.chron.com/accounting-principles-general-financial-ethical-standards-36283.html http://www.copedia.com/internal_controls.html http://smallbusiness.chron.com/cultural-communication-barriers-workplace-13888.html