Mangin Ethics Essay Example | Topics and Well Written Essays - 500 words

Mangin Ethics - Essay Example This new incentive plan also put pressure on the service advisors, the front-desk counter people who meet the customers and advised them on the repairs to be done, based on recommendations of mechanics. Its good intentions were soon engulfed in the unethical behaviors by both the service advisors and the mechanics because they tend to mislead customers by recommending the repairs that were really unnecessary, just to meet their sales quotas of certain product item-specific parts and thereby earn commissions as well. The factors contributing to this unethical situation was its incentive plan which stokes the greed of employees to earn commissions and also the pressure of meeting the sales quotas imposed by the management of Sears to increase its profits. The ethical approach taken by Sears, Roebuck & Co. was the consequentialist approach because they did not mind how the sales quotas are met or attained by its employees as long as its objective of raising its profits is attained in a highly-competitive environment of auto repairs. Management was desperate to reverse its sales decline and therefore did not mind how to attain a better profit picture as long as it is achieved. In this regard, it is like the saying â€Å"the end justifies the means† which is actually quite Machiavellian in its nature already (Falco, 2004, p. 384). Sears response to the allegations was inadequate because it did not even issue apologies to its customers. Instead, what it did was justify its actions by claiming the repairs were done for purposes of preventive maintenance, especially on older cars. Further, it claimed some errors had been committed but only in rare instances, that the allegations of fraud was not widespread in its store chain. More damaging perhaps was it retained and merely re-designed its incentive plan by excluding the service advisors from commissions but the mechanics are still on

Globalization in China as it relates to MacroEconomics Essay

Globalization in China as it relates to MacroEconomics - Essay Example (U.S. Commercial Service) China has been doing an admirable job of attracting foreign direct Investment (FDI), which has made it a powerful force to reckon with in the World Economic scene. In 2004, China kept its place as one of the top two destinations in the world of FDI adding $64 billion. Over $564 billion of FDI has been invested in China since it opened to the world in 1979.Executives overwhelmingly consider China to be the undisputed top FDI destination for the third year in a row in 2004. About 40% of global investors expressed a more positive outlook on China's economy, four times the number of executives who had a dimmer view of China. The path to economic liberalization has been a difficult but fruitful one for China. It has triumphed due to its determination and commitment to open up its markets to foreign investors. A Business Week article in 2001 stated that "after two decades of steady but halting reforms, Beijing is now racing to dismantle the last vestiges of a command economy". Let us trace the FDI history in China. Since late 1978, China has carried out massive economic reforms in an effort to restructure its economy to be more market oriented. FDI was one of the primary goals of its reforms. The government has over the years slowly liberalized the restrictions on FDI to gain technology transfer, modern management skills and foreign exchange. The government's first move to entice FDI was taken in 1979 with the Equity Joint Venture Law. This law allowed the legal entry of FDI and provided a statutory basis for the establishment of joint ventures in China. But Investment was allowed in only designated Special Economic Zones (SEZs) and was encouraged via tax incentives. As investments grew, additional laws were required. In 1983 another law was issued which provided greater details on all joint ventures in FDI. The government also expanded the SEZs in 1984.Then it passed Foreign Exchange Balance Provisions and Encouragement provisions in 1986, which facilitated FDI and allowed firms to solve fore ign exchange problems. (Jun Fu, November 2000). In 1994, China conducted a new round of FDI reforms. It abolished the official exchange rate and adopted a market rate. It also abolished the exchange quota retention system. In 1996, the government adopted IMF article A that removed all restrictions on foreign exchange transactions. All these reforms went a long way to boost investor confidence. In the November 1999 US-China WTO Accession Agreement, China agreed to several ground breaking reforms. (Sandra Berkun, 2001). Some of them were: China will phase in trading rights and distribution services over three years, and open up sectors relating to distribution services such as repair and maintenance, warehousing, trucking and air-courier services (US-China Business Council). China committed to allow FDI in its telecommunications industry. Increased access in banking, insurance and securities will be phased in the next five years resulting in full market access in all activities and regions. China also promised national treatment for foreign banks and minority ownership in domestic security firms and more insurance businesses.(Lardy ,1998) Increased access for professional services including accounting, consulting, engineering, medical and Information Technology. (Lardy,

Describing Your Development of a Competency Model (Business Mangement) Essay

Describing Your Development of a Competency Model (Business Mangement) - Essay Example 2. Criterion Sample: Choosing a sample of Human Resource Managers for the purpose of collecting data. These managers should be amongst the superior employees from whom points could be taken related to the sort of behaviour and skills as well as character that leads to the success of one’s jobs and company as well. 3. Gathering Data and analyzing it: Collecting information about the conduct that would lead to a success in Human Resource related jobs with the help of which propositions could be made as to what are the abilities of exceptional Human Resource Managers and how these exceptional skills, when combined together, produce the preferred outcomes. 4. Substantiation: Confirming and validating the results of data gathering and analysis. Validation should be done upon the data to check the authenticity of the cause-and-effect relationships. Pilot testing of the results should be done before applying it on the whole organization. Through this study, it was found that the most difficult aspect of this model would be the lack of resources at the time of implementation, disregard of stakeholders and lack of support from the top management (LaRocca, n.d.). Also, it was found that there are a couple of barriers which would result in the failure of a competency model. Projects are nearly always successful if they are done in a proper manner, step by step, especially when all the modules of the project are integrated together. Doing a project at once results in missing out on important but small things. This would eventually result in unidentified factors during implementation. The implementation of initial stages may workout smoothly, but there would be many unanswered questions at the later and imperative stages resulting in an overall delay in the implementation of the model, over-budgeting and wastage of resources and

Using examples from the hospitality industry outline the triple bottom Essay

Using examples from the hospitality industry outline the triple bottom line concept of sustainable development and discuss the contradictions that are present in this model - Essay Example Sustainable development means growth and improvement in operations that last for longer periods without depreciating in value at a high rate. (flinkinghub.eselvier.com) From this, the benefits derived from the operations of the firm by the firm and societies are felt for a longer period. The economic and social developments gained open up the region for more trading opportunities through the externalities and multiplier effects. In the hospitality industry, resorts that have taken the 3Ps are such as the Sarova hotels in Kenya who sponsor sports events such as the Lewa marathon that has proceeds going to charity. Serena hotels in Kenya, sponsor youth art projects to promote the growth of young talent and reduce the level of youth unemployment in East Africa. The Mara resort employs local Maasai morans to act as tour guides and this reduces unemployment as well as increasing income for the community. Travel firms such as Kenya Airways sponsor sports activities. They have set aside 3 billion to cater for travel and sports gear and salaries for the Kenya 7s national rugby team. The airlines recruit and train their own employees from the local community. Every year, a team of 25 recruits is trained and offered fully paid aviation scholarships to South Africa. After the training, they are absorbed in Kenya Airways. In New Zealand, Air New Zealand offers discounted air fares and luxury class travel packages for t heir clients that fly frequently to certain tourism destinations. It is aimed at encouraging people to go on holidays. They have to save for their holidays. The more they travel, the better the service they get at Air New Zealand. In Arabella Western Cape Hotel, South Africa, they offer their clients chartered tours around the Cape. They encourage them to interact with the local and indulge in the rich South African culture. This is done to conserve and embrace the culture and traditions of the Africana and native South

Merger versus IPO or Acquisition Essay Example | Topics and Well Written Essays - 500 words

Merger versus IPO or Acquisition - Essay Example However, the company is bound by regulatory restrictions to seek prior permission to conduct this exercise; a permission that might be granted or otherwise rejected under strict terms of engagements. Another threat lies in the management of the many stocks. The company may get locked up in meeting the expectation of the public market both in the short term and into the unforeseeable future before embarking on a meaningful journey of expansion (Burton & Prasad, 1997). Kudler Fine Foods also has the option of expanding its operations through mergers or opting to acquire another firm within its line of operations. Noteworthy, these two options possess more or less similar opportunities and challenges. In fact, the special alchemy of a merger and/or an acquisition is that a combined effort is greater than the sum of individuals’ efforts (King, Slotegraaf & Kesner, 2008). Accordingly, it would be more valuable for Kudler Fine Foods to seek the services of another company than function as an individual entity. Merging with a company offering delivery services has the possibilities of giving Kudler Fine Foods a competitive advantage over other similar businesses in the market. Additionally, such a combined effort would set the company on a cost saving path related to the management of the delivery services of its food delicacies. Whichever option between a merger or an acquisition, the resultant company would give Kudler Company a synergetic com petitive strength to function efficiently and the capacity to acquire a greater market share with a re-doubled effect of generating more revenues. On the negative side, mergers and acquisition provide narrower market opportunities compared to an IPO. They are not only less efficient in market pricing, but they may also result into one or both parties losing vital control of key operational elements

Summarize the teaching and work on application from the Bible, book 1 Research Paper

Summarize the teaching and work on application from the Bible, book 1 Timothy (only chapter 1) - Research Paper Example At issue are the men who are straying from the gospel of salvation by faith in Christ Jesus. Paul’s treatment of doctrinal issues related to the law are more fully expounded in Romans and Galatians (and assuming he is the author, the book of Hebrews), but he uses a short discussion of the Law as a springboard to shift the discussion to its proper place, salvation by faith. â€Å"Christ Jesus came into the world to save sinners, among whom I am foremost of all. And yet for this reason I found mercy, in order that in me as the foremost, Jesus Christ might demonstrate His perfect patience, as an example for those who would believe in Him for eternal life.† (1 Tim 1:15-16) In other words, if Paul can find salvation in Christ, he who persecuted and killed believers, anyone can. Starting in verse 4, Paul explains the goal of pastoral care: â€Å"†¦furthering the administration of God which is by faith.

Marriage and Dowry Essay Example for Free

Marriage and Dowry Essay Woman a daughter, a sister, a wife and a grandmother, throughout her life she dreams of having a wonderful life, a life to see to it that her marks in the school will make her parents happy, a life to see to it that her husband stays healthy, a life to see to it that her children study for their exams and a life to die seeing others happy. She cares for others, more than herself, then why we see her so much vulnerable in every moment of her life. So many issues to talk about women, rape being the most popular issue on women in the present time, almost all the women, in India, are vulnerable to this offence. But just like rape, the dowry system has affected the women psychologically, physically and emotionally. The dowry system kills her like a slow poison. The custom of dowry, in India, has spread through the hierarchy of social stratification. Several feminists suggest that the practice was initially adopted by the upper castes, then over a period of time it has been passed down into lower castes, and eventually reaches the untouchables, the outcasts. As the sociological studies suggests, often lower groups intend to copy there dominant group in there society. India ranks 136, in Human Development Index, among 187 counties around the world. This show, the people in India are in very bad condition and more than half of the population lives in poverty. The reason for poverty in India, if we look historically, it is because of the caste system, which restricted half of the population, in India, to develop, as even in present time 66% of Dalits are poor, and if we look in present time, education has deprived the poor from getting a better standards of living. It is these poorer sections as well as the middle class of our country who, not being educated and having good standard of living are still governed by old customs and traditions and continue to practise the dowry system, were in the name of gifting the groom the bride’s family is put into debt. But even in many rich families too, this system is being followed, even though they are well educated. The sums of cash and goods involved, as dowry, are often so large that the payment can lead to vicious cycle of debt in the bridal family. This has a very bad effect on the lives of unmarried women who are considered as economic liabilities by their parents, this leads to preference of boy over girl, leading to female infanticide and among the married women; they are physically and mentally harmed by their husbands and his family members, if promised dowry are not forthcoming. Modernization in India has became a barrier to many customs to be continued, like the caste system, the child marriage etc. but modernization has also lead to increase in practise of certain customs which were restricted to certain communities, as mentioned above. When we see caste, dowry and modernization, they are all inter linked with each other. With modernization, individual is not restricted to do his caste occupation and has chances to have good standard of living. Since new income and earning opportunities, brought about by modernization, are predominantly filled by men, there price tag of dowry increased. After analysing the historical developments of dowry system among the people in India, who are governed under Hindu law, now let us look at the Muslims, who are the 2nd largest population in India. Despite the fact that Islam’s beauty lies in simplicity and it recommends simple marriage, some transgressions such as dowry have crept into Muslim society in a wide range. When we look through Quran, we come across â€Å"Mahr†. According to â€Å"mahr† it is a mandatory payment, in the form of money or possessions paid by the groom, or by grooms father, to the bride at the time of marriage that legally becomes bride’s property. But as time has passed by, Muslims have changed their character and are following their Hindu counterparts in demanding and offering dowry both, in heavy cash and kind. The competition among the rich and well-to-do section of the Muslim community to reserve a good match for their daughters for whatever the demand is, has increased. Education has hardly has any influence on the minds of the people in respect of dowry. On the contrary, a highly educated man expects a higher amount of dowry, just as it happens among the Hindus. The violence committed on women, for dowry, has increased in recent times. If we observe properly, as to why this dowry violence takes place, we can see a broader picture. The reason for dowry is mainly because the women are seen as less productive than man, concept of dowry itself shows that one’s gender determines one’s worth. The roots of this deficiency can be seen were even a bride, who may be well educated and earning than her husband, will still have to pay the dowry price, just like the other bride who is not educated and not earning. And in some instances too, were even if demands for dowry were to be satisfied fully, young women would continue to face torture and harassment in their in-laws homes because of women’s custom-sanctioned-inferiority. Dowry deaths are example of patriarchal authority. In some cases, the patriarchal authority expresses itself by murdering the young women by burning with kerosene (most frequent in urban areas) or drowning (common in rural areas). Other methods employed to murder include poisoning and physical battery. These facts and historical development shows that it is because of the disrespect and uncultured behaviour that we show towards women, has lead to female infanticide, uneducated girls, sexual harassment, dowry system, heavy debt in bride’s family and domestic violence. Let us all respect women, and treat them has equals, because only this solution, will lead to abolishment of many social evils against women.