the employees as a whole. Some of the questions that require clarification include: To what extent should catering be providing a welfare benefit to the staff? Should catering operate as a service to support the wider needs of the company? Should the financial target for catering be set to recover direct operating costs only‚ as opposed to total cost recovery or profit generation? Should all facilities remain for the use of Siemens personnel only as opposed to
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The Effects of Reputation and Ethics on Budgetary Slack This paper conducts an experimental study to test the effects on budgetary slack of two potential controls for opportunistic self-interest – reputation and ethics. In the experimental study the level of information asymmetry between the subordinate and the superior regarding productive capability is manipulated and the subordinate’s reputation and ethical concerns regarding budgetary slack are measured. The paper examines how information asymmetry
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Wal-Mart’s Business Practice Big corporations are known for their revenues and the social impact in our society. Many times‚ the media ignore what is behind the success of these companies. Behind Wal-Mart’s success there are thousands of people who work every day to serve communities by bringing the lowest prices on the market and providing excellent customer service to millions of families. The strong culture of this company is another attribution for the success of this firm. According to the study
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Business Analysis Part III Nancy Holly MGT/521 Management January 27‚ 2012 Jim O’Keeffe‚ Facilitator Abstract A financial analysis of Ford Motor Company’s (Ford) statements will identify their solvency in today’s automobile market. Elements such as liquidity‚ leverage‚ profitability‚ and activity ratios will demonstrate Ford’s financial health and stability. A further assessment of their technological advantages‚ global strategies‚ and benchmarking analysis will indicate the future
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market system‚ moral and ethical aspects are always necessary; regulations by its own cannot control people behavior given the complexity of our current financial system. The destructiveness of unethical behavior was shown in many examples around the globe‚ one of the most recent examples is the unethical behavior contributed to the Global Financial crisis of 2008. Below I will be discussing the role of religiosity as a determinant of ethical attitudes towards business; in fact most religions indicate
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Kindred Validation I was born in 1947‚ six years after my brother‚ and I was a girl. According to my mom and dad‚ our family was perfectly complete. I had strawberry-blonde-red‚ curly hair‚ and a milky way of freckles across my nose. I was forever regarded as “cute”. My brother‚ Len‚ was handsome‚ gifted‚ and extremely talented in art. In my parents eyes he could do no wrong. I silently observed and heard the constant accolades of Len’s talents. At a young age‚ he entered paintings in the county
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Reputation Concerns of Independent Directors: Evidence from Individual Director Voting1 Wei Jiang2 Columbia Business School Hualin Wan3 Shanghai Lixin University of Commerce Shan Zhao4 Shanghai University of Finance and Economics This Draft: July 2012 1 The authors benefit from discussions with seminar and conference participants at ESCP Europe‚ EM Lyon‚ Grenoble School of Management‚ Reims Management School‚ the
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TABLE OF CONTENTS 1. EXECUTIVE SUMMARY 2 2. INTRODUCTION 3 2.1 ABOUT FINANCIAL CARDS 3 2.2 ABOUT THE CORPORATE CARD 3 2.3 COMPETITORS 3 2.3.1 Competitor profiles 4 3. BACKGROUND OF AMERICAN EXPRESS COMPANY 5 4. CORE AND SECONDARY TARGET AUDIENCE 6 4.1 CORE TARGET AUDIENCE 6 4.2 SECONDARY TARGET AUDIENCE 6 5 STRENGTHS IN MARKET SEGMENTATION 7 5.1 SMALL SCALE BUSINESSES 7 5.2 MEDIUM SCALE BUSINESSES 7 5.3 LARGE SCALE BUSINESSES 8 6 BRAND POSITIONING VERSUS ITS COMPETITORS
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Business Code of Ethics A written set of guidelines issued by an organization to its workers and management to help them conduct their actions in accordance with its primary values and ethical standards. Both businesses and trade organizations typically have some sort of code of ethics that its employees or members are supposed to follow. Breaking the code of ethics can result in termination or dismissal from the organization. A code of ethics is important because it clearly lies out the "rules"
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How I Intend to Practice as an Ethical Petroleum Engineer As an engineer‚ I am obligated to take cognizance of the codes of conduct of my profession. However‚ as a human being‚ I am not driven by mere obligation‚ but by a desire to exercise virtuosity for the good of society. Voltaire‚ a French philosopher‚ wrote that‚ “with great power comes great responsibility.” Engineers‚ likewise‚ should bear a responsibility to promote the safety and welfare of society; to use their knowledge and serve
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