to contribute to the company. The ethical criterions that Alcoa uses are principles (integrity approach). They conduct SURVEYS among the community through focus groups to find new programs that will help the environment. Alcoa is committed to improve the quality of life within the communities their employees live and work. Their principles also are geared towards research and development of innovative products and environmental issues. Alcoa is highly committed to the preservation of natural resources
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Harms (2007) mentions five core practice values to consider when working with others in a change process. These values are respecting the human person‚ promoting social justice and people’s right to a good life‚ empowerment and autonomy‚valuing people’s strengths and resilience; and being authentic. In regards to respecting the human person‚ Harms describes four dimensions of respect these are “to regard‚ consider‚taking into account‚ pay attention to; second‚ treat or regard with deferential esteem;
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stewardship is something are highly committed too also they believe it is the right thing to do and a key facto to exceptional value to shareholders. Top management commitment to their values played an important role in their transformation. The leader of Alcoa‚ Paul O’Neill‚ had begun reducing the amount of products sold and widened the range of business globally. Alcoa has also created a new office‚ Environmental Health and Safety (EHS)‚ at the corporate level to comply with each country’s environmental
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Alcoa’s Core Values in Practice BUS 250 Alcoa’s Core Values in Practice The Aluminum Company of America (Alcoa) was founded in 1888 as the Pittsburgh Reduction Company. In 1907‚ they changed their name to Alcoa and had strong values based culture. “In 1985‚ Fred Fetterolf‚ then president‚ decided the company needed to document the values that all employees must live by: Integrity; Environment‚ Health‚ and Safety; Customer; Accountability; Excellence;
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Ethics is based on a set of moral and ethical values. These values must be absolute - that is‚ you must take them seriously enough to override any human rationalization‚ weakness‚ ego‚ or personal faults. Alcoa’s ethical work climate is diverse‚ encourages open communication and learning‚ and community outreach. Alcoa’s core values are held to a high standard. Standing by these values: Integrity; Environment‚ Health‚ and Safety; Customer; Accountability; Excellence; People; and Profitability helps
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Review on Alcoa ’s Core Values in Practice Porsha Jones BUS250 Jana Radley-Killeen June 16‚ 2014 Alcoa was established in 1888 under the name of the Pittsburgh Reduction Company‚ later on in 1907‚ changing it ’s name to Aluminum Company of America (Alcoa). In a few years time‚ Alcoa had industrialized into a broad vertical integration with complete input control over aluminum production. This company ’s value-based culture was solid. According to Alcoa‚ “ In all of our operations‚ our values
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Case Study: Alcoa’s Core Values in Practice BUS250: Corporate & Social Responsibility (ABU141 April 14‚ 2014 The Aluminum Company of America (Alcoa) began its company in 1888 under the name of the Pittsburg Reduction Company. In 1907‚ they changed their name to Alcoa and from its inception they had a very strong value based culture. In the very beginning of their work all employers learned everything they made and did had to be aligned with the company’s
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The two primary reporting alternatives Alcoa has in accounting for the repurchase of the shares include converting to treasury stock or formally retiring stock (Spiceland‚ Sepe‚ Nelson & Thomas‚ 2016). With either choice‚ the total shareholders’ equity would be equivalent: the cash and shareholders’ equity would decrease since cash is paid to repurchase the stock. By changing it to treasury stock‚ the cost is reported as a decrease in total shareholders’ equity. The purchase of the treasury stock
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Alcoa’s Core Values in Practice Alcoa’s work environment was not always the best job place in the world it was a very busy and very stressful work place. For some of the employees they was not always treated right for a lot of people but was a job. If someone did not do their work right or they were to find something wrong with the product in the manufacturing the product. The people that worked there were treated bad and were cured at in front of each other until the “main “people were called
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to illuminate about core brand values of one company. Core brand values helps a company to grow in the market. It is very important to build core brand values in order to maintain competition. Big companies such as Google has developed their core brand values that other companies in the same market are not even close to give them a competition. The author is going to explain Google ’s core brand values to illustrate the importance of this topic. Introduction: Core Brand values are theory that explains
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