As a Certified General Accountant (CGA)‚ ethics are a fundamental requirement. CGAs affect the welfare of their clients and also the wider stakeholder-society. It is crucial to work in accordance with the six CGA Canada Code of Ethical Principles. Fraud and negligence do occur however and they have negative implications on the professional‚ the client‚ the professional body‚ and society as a whole. For example‚ in the case of Kelley Lynch‚ she was trusted by her client‚ Leonard Cohen‚ to work responsibly
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MN6005 Managing Corporate Reputation Case Study: Ryanair www.ryanair.com ______________________________________________________________________________ Introduction: Despite being a hugely successful company‚ with revenues in 2013 of Euro:4‚884 million‚ and profits of Euro:569 million‚ the ‘no-frills’ airline Ryanair has a number of problems. It regularly comes bottom‚ or near the bottom‚ of every major customer satisfaction survey‚ customers regularly use social media to complain about
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that we could accept as universal laws – that is‚ rules we would be willing for everyone to follow in all circumstances. (Ruggeiro. V.R. ‚2011) 2.0 What Is a Virtue? The first systematic description of virtue ethics was written down by Aristotle in his famous work Nichomachean Ethics. Aristotle said that a virtue is a trait of character manifested in habitual action. The word “habitual” here is important. The virtue of honesty‚ for example‚ is not possessed by someone who tells the truth only
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Ethics lo1 1.1background and development of theoretical ethical approaches Deontological Theory The deontological theory state that the consequences or outcomes of actions are not important‚ what actually matter is that the actions are morally justified. For example drunken driving is wrong‚ now if a person argues that he safely navigated his way back home and for that reason he/she should not be held accountable by law‚ they are wrong because their action was wrong in the first place and
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Managing Operations (BSS601-6) Case Study Topic for Assignment 1 Ryanair Ryanair is today one of Europe’s largest and most successful low-cost airlines (LCAs). Operating its low-fare‚ no-frills formula‚ its over 1000 employees and growing fleet of Boeing 737 aircraft provide services between over 30 cities around Europe. Operating from its Dublin headquarters‚ it carries around six million passengers every year. But Ryanair was not always so successful. Entering the market in early 1985‚ its
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Richard O. Mason Applying Ethics to Information Technology Issues The articles in this special section express a common theme: the use of information technology in society is creating a rather unique set of ethical issues that requires the making of new moral choices on the part of society and has spawned special implications for its members. Technology itself is not the only‚ nor necessarily the most responsible‚ cause of these issues. All ethical questions arise initially out of human
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Examining Ryanair’s Launch Strategy Ryanair was set up in 1985 by Cathal and Declan Ryan‚ as one of the first independent airline servicing the Dublin-London (Luton) route. Ryanair launched its service focusing on delivering first-rate customer service and lowest – simple‚ single – fare @ I£ 98‚ compared to I£ 208 full fare and I£ 99 discounted fare offered by competition‚ Aer Lingus and British Airways. Ryanair Executives believe that Aer Lingus and British Airways’ flights are typically 60-70%
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part of the business model and has seen a huge change in the culture of booking travel tickets. Currently easyJet.com provides around 90% of bookings today and in 2001 hit ten million sales making it the second busiest travel website in the UK. Ryanair and easyJet
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The case of Dogfight Over Europe: Ryanair describes the journey of two brothers and their emerging airline business. For almost a year their small airline had just one prop plane that held 14 passengers and operated within the small‚ secondary airports between Ireland and London. They experienced some initial success‚ but wanted to expand and grow the business more. The airline industry in Europe and more particularly Ireland and London was ripe for a new emerging business. There were many opportunities
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List 3 lessons about ethics from this article. 1. The first one is the most powerful lesson learned from practicing ethical conduct during Boisjoly’s 27-year engineering career in the aerospace industry‚ is that them‚ as individuals‚ become the result-ant sum of each ethical confrontational event as experienced from the beginning of their careers. 2. The second lesson is what he learned was to never delay informing superiors of bad news so he could protect his integrity
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