Kitchen Best: Ethics when Doing Cross-Boundary Business in Southern China Case Summary Brief background and context: Kitchen Best is a Hong Kong-based electrical-appliance company founded by Chan Dong-hwa‚ who ran business with a paternalistic style. The company has a manufacturing facility in Guangdong and sells its wares to customers around the world. Henry Chan‚ the newly appointed CEO‚ has ambitious plans for business. He brought a more Western style to company and aimed to double the company’s
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Does shareholders ratification of auditor selection enhance auditor independence? Sear Amiri 894560 Accounting Supervisor : S.N.M. Van den Bogaerde -2012- Abstract: The U.S. Department of the Treasury ’s Advisory Committee on the Auditing Profession (ACAP) recommends that all public companies must have an annual shareholders ratification of external auditor selection. An important aim of their recommendation was to enhance auditor independence. However the ACAP did not provide
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to generate profits for shareholders. The mispricing of risk and the employment of foolish and irresponsible lending practices all the way down the finance chain was the basic reason for the financial crisis of 2007-2009 and the problems connected to it. Failed to manage risk as the reason for the crisis is where some have focused on while others have identified a wider reason which are the short-termite pressure placed on directors as a result of the demands of shareholders forum sustainable ever-increasing
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UNCOVERED INTEREST PARITY Let us take a simple example in order to understand uncovered interest parity condition. The interest rate in the Eurozone for one year is slightly above 4% when compared to Czech interest rate which is less than 3% for one year. But despite still having negative interest rate differential we can see many investors still preferring and holding Czech assets. This is because financial market participants expects the Czech crown shall appreciate in the future and are ready
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success is to please the customer consistently. The societal marketing orientation took this one step further by not only to satisfy customer’s wants and needs and to meet organizational objectives but also to preserve or enhance the society’s best interests in the long-run. The societal marketing orientation believes that businesses should market products that are less toxic; contain reusable materials and more durable than the norm. For example‚ the 2010 winter Olympic medals contained metal from
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abbey with its long term goals. OMS‚ will address all of these concerns and in a step by step mode how to go about making it possible. Below a chart on a sample of Operations Strategy Process 1 Problem 2.1 As an operations manager‚ you are concerned about being able to
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business is to increase the profit for its shareholders – discuss ’. First I am going to explain the role of shareholders and how they affect the decision making of businesses. I will then discuss other stakeholders and the responsibilities that the business ‘owes’ to them. I also plan to look at examples of real life businesses that have made decisions based on the different stakeholder’s needs and wants and compare this in terms of ethical theories. Shareholders are just one form of stakeholders that
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How do interest groups influence policy? Use examples to illustrate your answer. “Interest groups are no less a threat than they are an expression of freedom” (Berry‚ 1984). We start this essay with this famous quote from Berry introducing us to what exactly an interest group is. Indeed in general‚ public opinion and people unaware of an interest group’s actions might regard interest groups in a negative light. The more famous interest groups can tend to generate a lot of negative
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ABSTRACT In this essay‚ I am going to prove that a business organization should be socially responsible in a successful or an effective manner which will eventually benefit the company’s owners or shareholders. I will do so through illustrating the different potential effects of a business organization engaging in Corporate Social Responsibility (“CSR”). The effects that will be shown in this essay would be an increase and decrease in the company’s expenses‚ sustaining and harming the environment
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Most of the SME proprietors like to run the business with paternalistic style‚ with simple structures to operate‚ especially the Chinese family business. They are founded the business based on personal experiences and try to do eveything hands on at the start up of the business. The focus of SME normally will put on growth of business and market expansion. Therefore‚ they will feel difficuties to oversee all the factory operation and different job function as the business grows. At this phase‚ the
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