the General Principles of Civil Law in 19864 and the Company Law in 1994‚s there was no general legal framework in China dealing with corporations. Foreign investors were governed by a separate‚ relatively welldeveloped and well-documented legal regime relating specifically to foreign investment entities. They made their own assessment of the risks of investing and operating in China based on this regime and their assessment of the reliability of Chinese regulators and their Chinese partners‚ The
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Business values and ethics in Asia: a problem for international companies? Name of the author: Dan Wu Student number: 7079393 Introduction After the 1997–99 Asian financial crisis revealed the rot in many Asian companies‚ ‘allegations of nepotism‚ corruption‚ crony capitalism‚ and collusion have been frequently referred to contribute to the downfall of Asian governments in Japan‚ Thailand‚ and Indonesia’ (Ang and Leong‚ 2000). Before many U.S. and European companies start doing business in
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Review‚ 7-14. Ninkovich‚ F. (2001). The United States and Imperialism. Wiley-Blackwell. Pew Research Center. (2011‚ November 17). The American-Western European Values Gap. Retrieved fromhttp://www.pewglobal.org/2011/11/17/the-american-western-european-values-gap/ Prager‚ D. (2012). Still the Best Hope: Why the World Needs American Values to Triumph. HarperCollins.
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people who follow Zoroastrianism call their god Ahura Mazda‚ the creator of all that is good and who alone is worthy of worship. Zoroaster taught that man must enlist in cosmic struggle because of his capacity of free choice. Zoroastrianism is a very ethical religion in which the choice of good over evil is very important. Humans are free to choose between right and wrong‚ truth and life‚ and light and dark‚ and that their choices will affect their eternity destiny. Those who do more good than evil go
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make additional acquisitions‚ support its $30 billion debt‚ as well as allow executives to cash in on their stock options. The final reason why people participate in unethical behavior is because the company culture puts the bottom line ahead of ethical behavior. This is exactly what happened at Enron. Enron had a program called “rank and yank.” In the “rank and yank” process your performance is evaluated yearly and if you are ranked the 15-20 percent lowest ranking employees you are let go or encouraged
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weaknesses using the 20 principles outlined in COSO’s 2006 Guidance. Control Environment • Integrity and Ethical Values- he company and human resources department developed a code of conduct for Biltrite detailing expected standards of ethical behavior and distributed it to all existing employees. this instills a high ethical value into the environment‚ and shoes that management is wanting a high ethical and integrity of the company. • Board of Directors- Regarding the board of directors‚ it is necessary
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rift in the ways that China and Russia established their agricultural systems after their revolutions occurred. Collectivization was the way to go in Russia. A majority of Russia’s farmland was in collectives. For the families that lived on these collectives‚ they had to split all money made equally‚ after most of the income was taken through taxes. This gave the people no incentive to work hard because everyone made the same amount no matter what who worked hardest. However‚ China had communes instead
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In different culture‚ there will be many different customs and traditions in festival celebrations. Wedding customs are one of the most representative and symbolic customs in revealing the differences. The wedding customs between China and America can reveal the differences in thinking model‚ value of orientation‚ and code of conduct as well as religion beliefs of the two countries. Chinese wedding style A Chinese wedding is an extremely special occasion fulls of bright red color everywhere--tablecloths
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Is Business Bluffing Ethical? When people doing business‚ they may use different ethical standards other than what we use in daily life. The majority businessmen manage their business legally; however‚ not all legal business is ethical. I do not think that business bluffing is ethical. I will provide three arguments in following paragraphs which are based on theories of groupthink‚ consequentialist and duties to support my position. First of all‚ according to the theory of duties
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Count: 1388 The article: Generational differences in work values: a study of hospitality management was conducted by the author to understand the structure of hospitality work values and its perception among 3 different generations of managers and supervisors (Chen‚ P.‚ & Choi‚ Y.‚ 2008). In order to achieve this objective a survey was conducted of 398 managers and supervisors from hospitality organizations in the USA. The research identified 15 work values along with their hierarchical order.
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