1. • In your opinion‚ is “bribing” unethical & illegal or just a cost of doing business? Discuss this in light of Siemens’ bribery scandal. We believe that bribing is unethical because it takes away the fairness of a business transaction between bidders of a contract. Bribing also has a negative impact on competition because it allows for oligopolies and monopolies to emerge in an industry due to smaller competitors being unable to financially compete with the amount of the bribes. This in
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General Electric Expansion in Middle East Summary: With almost a century of cooperation‚ GE is focused on driving the Middle East region’s financial development through solid and long haul open private partnerships. GE is centered on development and innovative headways to meet the squeezing challenges of the region crosswise over differed segments from medicinal services to aviation and energy to water shortage. Driven by the vision and definitive activity of submitted pioneers‚ the Middle East is
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Slide1 : Siemens AG‚ a $73 billion electronics and electrical-engineering conglomerate. Siemens is well known for the technical brilliance of its engineers‚ but much of their knowledge was locked and unavailable to other employees. Facing the pressure to maximize the benefits of corporate membership of each business unit‚ Siemens AG needed to learn to leverage the knowledge and expertise of its 460‚000 employees worldwide. Slide 2: The roots of knowledge management at Siemens go back to 1996
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Fundamentals of Electric Circuits (EE201) By Dr. Eng. Omar Abdel-Gaber M. Aly omar.aly@aun.edu.eg Assistant Professor Electrical Engineering Department College of Engineering Al-Majmaa Al-Majmaa University Schedule & Instructors Schedule: As indicated in Students Schedule Instructors: Dr. Omar Abdel-Gaber (omar.aly@aun.edu.eg) Office hours: Saturday (01:02 pm)‚ or by appointment. TAs: Eng. Mohamed AbdelRaheem Office hours: As indicated in
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What a Long-term Investor Can Expect From Emerson? Emerson Electric (EMR) is a well-known and famous stock amongst defensive investors‚ thanks to its long dividend growth history. Dividend and defensive investors like to invest in companies that have the potential to generate a steady growth in earnings and cash flows. Consequently‚ these companies usually offer increasing dividends and a steady share price appreciation. Emerson is a dividend aristocrat‚ as it has also paid increasing dividends
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Lincoln Electric (LE) manufactures and sells arc-welding equipment and electrical motors. The company’s objective is to produce quality products at a low price. This objective was to help LE build up their reputation. Therefore their key success factor is their cost leadership. This was achieved through their highly productive employees. LE believed that in order to satisfy customer’s interest‚ the employees are the only people who can make it happen. As a result‚ LE created an attractive bonus
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Lincoln Electric Case Analysis The Lincoln Electric Company is a successful business. They boast record profits‚ have remarkably low employee turnover‚ and have created an organizational structure that is both researched and respected. The have managed to do these things by focusing on key elements of their business: valuing their employees‚ having an open door policy‚ and creating employee ownership. Valuing Employees Lincoln Electric values its employees. They value their opinions and look out
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1) What explains the high level of corruption at Siemens was how it was legal at one point in time to offer bribes‚ but once the law changed‚ Siemens continued to do brides that was once legal but now illegal. Also‚ when the company continued bribery‚ Siemens transferred money into a hard-to-trace bank in Switzerland to protect their business and help them win contracts. Managers rationalized it as the bribes being useful money‚ but in a way they were still making profit‚ and bribes were used as
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Roshanee Bindra Lincoln Electric: Venturing Abroad into New Possibilities Value in the Individual A large portion of Lincoln Electric’s (LE) success can be attributed to its unique and effective management style‚ which ultimately leads to a competitive advantage [1a]. No matter the economies of scale a huge corporation such as Westinghouse‚ and BOC can offer‚ the increased productivity level of a properly motivated individual production worker can easily compensate for it. • Structurally
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PRO/CON: Should the government subsidize electric cars? By McClatchy-Tribune‚ adapted by Newsela staff on 01.08.14 Word Count 1‚431 Angie Vorhies plugs in the charging cord to her Nissan Leaf electric vehicle at a mall on Nov. 13‚ 2013‚ in San Diego. Photo: AP Photo/Lenny Ignelzi PRO: Don’t pull the plug on electric cars BLOOMINGTON‚ Ind. — It would be very unwise to “pull the plug” on electric-car subsidies at this time. The government money helps support the car industry and make up for tough regulations
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