Mueller FROM: Lin Chen DATE: April 1998 SUBJECT: NES AG – Gifting in China NES AG’s problem is that needs approval to become a holding company in China. However‚ its code of ethics conflicts with the local custom of gifting to as a way of achieving certain outcomes. The problem in the short term is that the company needs to obtain the approval within a month. In the long term‚ not getting the approval would hurt shareholders or‚ if NES AG gives gifts to officials‚ it will violate NES’s ethical
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Case One: The Bribery Scandal at Siemens AG Organization and Industry Overview: The case‚ “The Bribery Scandal at Siemens AG‚” underscores how employee involvement with unethical behavior can cause irrevocable damage to a company’s reputation and ultimately their profitability and success. Werner von Siemens and Johann Georg Halske founded Siemens AG in 1847 in Munich‚ Germany as a manufacturer of telegraphic systems. Over the next 150+ years‚ the company grew rapidly expanding operations in
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Palfinger’s AG – Property‚ Plant‚ and Equipment a.) Palfinger’s property would include the property that they have to store the forklifts and other large inventory that they have on. The equipment would include all equipment that is necessary to make the inventory that they sell such as the cranes. b.) This number represents the total of the plant‚ property‚ and equipment that Palfinger has. This number should be recorded as the historical cost that the plant‚ property and equipment was purchased
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Md Haque BUS 685 Case 1 – The Bribery Scandal at Siemens AG Analysis: On November 15‚ 2006‚ five Siemens employees were taken into custody in connection with suspected bribery‚ tax evasion and embezzlement of company funds related investigation. Police raided 30 offices and private homes in Germany. The authorities found €420M of questionable payments made over a seven year period from 1999 to 2006. Siemens documents reflected the questionable payments were made to external consultants. The
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Case Sharp Printing‚ AG Three years ago the Sharp Printing (SP) strategic management group set a goal of having a color laser printer available for the consumer and small business market for less than $200. A few months later the senior management met off-site to discuss the new product. The results of this meeting were a set of general technical specifications along with major deliverables‚ a product launch date‚ and a cost estimate based on prior experience. Shortly afterward‚ a meeting was
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FACTORS AFFECTING INVESTMENT POTENTIAL 7 VIII. STOCK PRICE DATA AND INVESTMENT ANALYSIS 8 IX. CONCLUSIONS & RECOMMENDATIONS 10 EXECUTIVE SUMMARY This company profile provides a preliminary investigation and analysis of Novartis International AG‚ a multinational pharmaceutical company based in Basel‚ Switzerland. Novartis is one of ten companies the Investment Board will consider for further in-depth research for a multimillion-dollar investment. Novartis was created in 1996 from the merger
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1. Introduction Allianz AG is a multinational German banking and insurance group‚ which was founded in Berlin in 1890. Allianz has today their headquarters in Munich. With a staff of over 120‚000 worldwide‚ Allianz is considered as one of the world’s largest insurance companies. Their goal is to achieve and becoming the most trusted global financial services provider. Allianz core business can be divided in to three areas: • Property and casualty insurance. • Life and health insurance
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communicated to the offeror. A contract comes into existence until or unless the acceptance is communicated. Moreover‚ the offeree must agree to all the terms of the offer‚ and the acceptance cannot be deemed or assumed. In Household Fire Insurance Co. v. Grant (1879) 4 Ex.D 216‚ a letter of allotment of shares which is applied by Grant is sent to him but never reaches him. The Court held that the contract was completed on posting and Grant becomes one of the shareholders of the company. Similarly
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Argumentative essay - Separate-Gender Classes in Co-Ed School is the best solution to the situation Nowadays‚ many parents are worrying about the amount of distractions that exist in co-ed schools‚ which directly affect their children’s academic performance. This is simply due to the fact that there are chemical reactions when different genders spend time together. Consequently‚ there are a number of negative effects‚ for example‚ achieving bad academic performance and inappropriate relationship
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Co-branding involves combining two or more brands into a single product or service. Companies engage in co-branding to leverage strong brand. It is becoming a popular business practice to strive for a positive association between different brands that can develop synergy. A well executed co-branding strategy can lead to win-win situation for both co-brand partners and can help in realizing unexplored markets or untapped opportunities. Concisely‚ it is instrumental to handle almost every marketing
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