STARNES- BRENNER MACHINE TOOL COMPANY My presentation is based on a case that I read in my International marketing class that I thought I needed to share with you. Starnes Brenner machine tool is company making machine tool based in Iowa. They have been dealing with many different countries but I’m more interested today in their business in the Latino country. This doc present of a company business ethic while operating in a foreign country. The main point of the ethic problem is the high level
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Starnes-Brenner Machine Tool Company To Bribe or Not to Bribe Introduction Case Summary Ethics Legality Similar Cases Real World Lessons Learned Case Summary Starnes-Brenner Machine Tools Company Wants more international presence Latino – Fictional South American Country Frank – 10 years of success Retiring Replacing Frank Bill – Young‚ motivated‚ rising star Case Summary Cont. Conflict between Frank & Bill Frank
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The Starnes-Brenner Machine Tool Company of Iowa City‚ Iowa‚ has a small one-man sales offi ce headed by Frank Rothe in La- tino‚ a major Latin American country. Frank has been in Latino for about 10 years and is retiring this year; his replacement is Bill Hunsaker‚ one of Starnes-Brenner’s top salespeople. Both will be in Latino for about eight months‚ during which time Frank will show Bill the ropes‚ introduce him to their principal customers‚ and‚ in general‚ prepare him to take
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Starnes-Brenner Machine Tool Company–To Bribe or Not to Bribe Several questions should be emphasized in the case; the question of ethics‚ the question of self-reference criterion and a more important question of what role should the marketer play; how much should they try to change the system and how much should they try to become a part of the system. A strong point should be made that in a country where bribery is part of the way of doing business‚ there is an identifiable system of how much
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Char Williams Starnes-Brenner Machine Tool MKTU 640 International Marketing Case Study 2-3: Starnes-Brenner Machine Tool Company: To Bribe or Not to Bride? Sunday‚ March 22‚ 2015 Starnes-Brenner Machine Tool 1. Is what Frank did ethical? By whose ethics—those of Latino or the United States? What comes to mind when we hear this name? It depends on how you look at it. Ethics‚ sadly‚ are a wholly personal issue—how you live your life versus how you run your business. Clearly‚ there are business
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Michelle Young MKT 568 Starnes-Brenner Machine Tool Company 1. Is what Frank did ethical? By whose ethics—those of Latino or the United States? a. What frank did was unethical based on the United States standards of ethics. However‚ if it is part of Latino culture I can see why he would act unethically‚ so that he could conduct business. But‚ since the company is state owned company Frank should act accordingly to the ethical standards of the business set by the company. 2. Are Frank’s two different
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CASE 23 Starnes-Brenner Machine Tool Company: To Bribe or Not to Bribe? The Starnes-Brenner Machine Tool Company of Iowa City‚ Iowa‚ has a small one-man sales office headed by Frank Rothe in Latino‚ a major Latin American country. Frank has been in Latino for about 10 years and is retiring this year; his replacement is Bill Hunsaker‚ one of Starnes-Brenner’s top salespeople. Both will be in Latino for about eight months‚ during which time Frank will show Bill the ropes‚ introduce him to their principal
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HAMPTON MACHINE TOOL COMPANY About The Company Hampton Machine Tool was established in 1915 and has been manufacturing machine tools since its foundation. Hampton company’s customer base is made up primarily of aircraft manufacturers and automobile manufactures in the St. Louis area. It experienced record production and profitability during the years. Sales and profitability declined in the mid-1970s with the withdrawal from Vietnam War and the oil embargo. However‚ the company had stabilized the
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Executive Summary Hampton Machine Tool Company (HMTC) was founded in 1915 to produce machine tools. Machine tools manufacturing business is highly prone to economic fluctuations. Therefore‚ success of HMTC depends upon success of other related industries. The major customers of the company are aircraft manufacturers and automobile manufacturers. Sales of HTMC boomed during 1960s‚ decreased in the mid 70s and started to recover around 1978 due to the increase in demand of military aircrafts‚ a stable
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Hampton Machine Tool Company On September 14‚ 1979‚ Mr. Jerry Eckwood‚ vice president of the St. Louis National Bank was considering a loan request from a customer located in a nearby city. The company‚ Hampton Machine Too] Company‚ had requested renewal of an existing $1 million loan originally due to be repaid on September 30. In addition to the renewal of the existin- loan‚ Hampton was asking for an additional loan of $350‚000 for planned equipment purchases in October. Under the terms
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