Date: 04/06/2014 Case 14: Apple Computers in 2012 Background Apple computer Inc. is a multinational corporation that creates consumer electronic‚ personal computer‚ computer software‚ commercial servers and digital media. Apple‘s core product lines were iPhone‚ smart phones‚ iPads‚ tablet computers iPods‚ portable media players and Macintosh computers. The founder‚ Steve Jobs‚ and Steve Woziak started Apple Computers in 1976 and incorporated it into a company
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was still questionable and seems like be unethical by some people. Apple can make significant profit on the sale of its products considering the price of Apple’s products and what its supplier’s workers outside of the USA are getting paid. As we can see‚ in 2010 the wages of Foxconn worker was about 900 Yuan ($143 per month).Apple’s newest iPhone costs minimum of $200 with a wireless company contract.So.it is convenient for Apple to continue business with Foxconn as it still able to gain profit from
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Most juvenile institutions have some form of treatment program available to juveniles. The most common programs include: counseling‚ vocational and educational training‚ recreational programs and religious counseling. Two community based programs are guided group interaction (GGI) and positive peer culture (PPC). Guided group interaction is a program where a delinquent can acknowledge and solve personal problems with support from other members in the group. Individual members can be supportive and
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CEO Ray Gilmartin Merck’s CEO Ray Gilmartin is a significant stakeholder in the company. Since a lot of Mercks’ products patents will be expiring in the next few years Gilmartin put a big emphasis on investing into the companies research and development of new products. Gilmartin wanted this company to really focus on coming out with new products because their bottom line was going to take a hit in the next few years once the patent on their big money products runs out. Gilmartin found it an
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Stakeholders are groups of people who have an interest in a business organisation. They have an interest in the business and can also influence the way business functions. There are two types of shareholders and they are internal and external stakeholders. Internal are those people who are the members of the business organisation‚ this means that University Hospital of Coventry and Warwickshire consists of many internal stakeholders and they are managers
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material resources to the organization. Managers are required to do planning‚ organizing‚ commanding‚ coordinating and controlling. Fayol’s theory of a management function which is the POCCC allows the organization to have more effective and efficient in goods and services than other competitors. The dynamic and complex work of a manager is based on interpersonal‚ informational and decisional roles. Given the above roles according to Henry Mintzberg‚ the managers are placed in different areas to perform
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Stakeholder Theory and Limitation 1. Stakeholder theory is an excuse for managerial opportunism: The core claim is that by providing more groups who management can argue their actions benefit‚ stakeholder theory makes it far easier to engage in self-dealing and defend it than if shareholder theory were the sole purpose. 2. Stakeholder theory is primarily concerned with distribution of financial outputs: This view depicts stakeholder theory as primarily about who receives the resources of the organization
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Internal Controls Internal controls are all the procedures and measures companies put in place in order to achieve two specific goals related to accounting (Kieso‚ Kimmel‚ & Weygandt‚ 2011). The first goal is the protection against loss of assets from various sources such as theft or accounting error (Kieso‚ Kimmel‚ & Weygandt‚ 2011). Companies‚ clients and shareholders must have assurance that there is suitable control over all business assets like inventory and bank accounts all the
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* A bank’s remuneration committee should have direct responsibility for the pay of all high-paid employees I believe remuneration committees should not only have direct responsibility for the pay of all high paid employees but they should look at pay across the corporation. I believe this change was introduced in order to sustain a long term value creation for shareholders. * Remuneration and Performance It’ll make a change to the way in which corporations run themselves to some extent because
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Identify Blessed Farm’s stakeholders. b) What is motivating them to become involved with Blessed Farm? c) Evaluate each proposal identifying: i. Blessed Farm’s relative strengths and weaknesses in respect of each proposal; ii. The information required before such a proposal can be undertaken; iii. The sources of that information; iv. Which Stakeholders are likely to be for or against the proposal and their relative power to obstruct its implementation; v. The changes which have to be made
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