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Role ethics in corporate governance
Relations between corporate governance and ethics
Role of ethics in corporate governance
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EXECUTIVE SUMMARY:
The United States located electronic company Electrocorp faced the problem of declining profitability due to rising production costs, specifically high wages, costly worker's safety and environmental standards. In order to solve this problem Electrocorp is deciding whether to relocate some of their plants to South Africa, Mexico, or the Philippines.
The first alternative of keeping the plants in the US would mean that Eletrocorp obeys the strict environmental and safety regulations, pays its workers $15/ hour, but avoids the loss of jobs in the US. The company would incur high production costs. The second alternative of relocating plants to South Africa would create a job loss in the US. The company would save costs by hiring workers for $10/ day and obeying less strict safety and environmental standards. The strong labor union could cause problems in the future. The third alternative of relocating to Mexico would have the same effects as relocating to South Africa, except that the wages for workers are $3/ day. A larger amount of costs could be saved, although Electrocorp would have to pay attention to citizen health groups which could cause bad publicity. The last alternative of relocating to the Philippines offers the highest cost savings due to the least strict safety and environmental regulations, no activist groups and the market pay rate of $1/ day.
The evolving ethical issues can be summarized as follows: Is a relocation of Electrocorp's plants ethical considering the loss of jobs in the US, workers' exploitation in the host country, and the harmful impact on the host country's environment?
Lincoln Electric Company has a very distinguished culture, after my readings over the case study it is clear that the strong culture they have prominently reflects their success.
Black and Decker Marketing Plan for 2014/2015. To: Joseph Galli Jr., VP of Sales and Marketing of Power Tools for Black and Decker. The Marketeers David Ly - 300465235 Kevin Wong - 302132225 Henry Lu - 302127935 Patrick Chavarria - 302180143 Tracey Liang - 302284312
Cannon knew that his compact echo machine, which he carried under his arm by a single handle, would have to perform competitively in a room filled
One of the main costs is to manufacture their products. A major reason the companies are moving manufacturing plants to Asia and South America is to lower manufacturing cost. This will lower the cost for the customer and keep each company competitive and allow them to keep a high margin. Another cost is the inventory cost for each company. Each company needs major capital to store their broad catalog of products. This is especially true for Fastenal because one of their niches is time of delivery. Since Fastenal has more distribution plants we as a company are able to get a customer an order in a shorter period of time. The problem for both companies is since the catalog is so broad many products end up staying in inventory for too long raising inventory costs. Also another cost is product development and management. Each company has many products that need to be developed and the customer seems to always want something else. Both companies spend capital to satisfy their customer’s product needs and each company needs to manage product
The purpose of this written assignment is to identify the multiple management and organizational problems in Ford’s Sharonville factory and propose ethical solutions that could have probably saved the plant and, ultimately, the Ford Motor Company.
Ethical dilemmas have long been issues that have plagued all of mankind for generations. Since the beginning, the majority of humanity has struggled to do what is right when the answer wasn’t clear. Sometimes, however, the answer is not as difficult to realize, but is much more difficult to accept. In the case of the Gee-Whiz Mark 2 (GWM2), the dilemma that faces its respective company is whether or not the units that are defective should be exported to countries that have no enforceable rules to punish the marketing of said defective units. If the company does not do so and instead decides to scrap the units, there will be a loss of profit. For the company though, the answer is clear; though it may be challenging for its leaders to accept,
1. How was Lincoln able to grow and prosper for so long in such a difficult commodity industry that forced out other giants such as General Electric, Westinghouse and BOC? What is the source of Lincoln’s outstanding and enduring success?
Under what conditions might the parties to the alliance discussed in this case dissolve or end the relationship?
Corections corporation of America was started in 1980 by Don Hutto, Tom Beasley, and Dr. Robert Crants. They created the first private prison that was able to save the government and tax payer’s money. They did so by industrializing the industry and specializing in the industry. Since 1980 they have become one of the largest prisons in America. CCA define itself as “being the first and leading corrections corporation in America that partners with the government agencies Federal Bureau of Prisons, Immigration & Customs Enforcement, and the Unites States Marshals Service. CCA considers itself an innovative and cost efficient business that provides safe, nurturing, educating, and rehabilitating service facilities. “ (We Are CCA, 2013) CCA aims to be the best corrections company in the United States. I think that CCA mission statement applies for both present and future, they want to be the best and will need to continuously be innovative in order to obtain the results and benefits for all people that are affected. “the company states that it is the fifth-largest corrections organization only outdone by the federal government and three states (Who We Are, 2013). The corporation is proud to be a private corrections company but with close ties to
As we learn from the case study, the Lincoln Electric Company is the largest global manufacturer of machines for welding, which are used in all kinds of construction projects. This means that the company has a large global presence and many employees, so its culture affects thousands of its workers. Even though it is now 2014, the company still has a large market share and very satisfied employees, so clearly the culture leaves employees satisfied and motivates them to work hard for the company.
Tesla Motors Inc. is an American public company which is known worldwide because of its experience in designing, manufacturing and also the selling of electric cars and electric components for vehicles. The motor was started back in the year 2003 in San Carlos, California in the United States (Teslamotors.com, 2014). The company had its headquarters in Palo Alto and at the time of its inception, Elon Musk was its chief executive officer (CEO) (Hunger, 2010).
Siemens is a German conglomerate that specialise in electronics and electrical engineering. They currently operate in four different sectors, these being Healthcare, Industry, energy and Infrastructure & Cities sector (Siemans a). They are represented in 190 countries (Siemens b), employ around 362,000 employees (Siemens c) and in 2013 achieved a revenue of €75,882 million and a net income of €4,409 million (Siemens d). This essay will focus on Siemen’s energy sector.
...tner of this electricity plant. That will definitely decrease our profits and control but it will assure the constant power demand by these industries. Thus we can reduce our external threats through this step. These industrialists will also help financially in our expansion plan and give us better goodwill in the market.
Labor laws, wage disparities, intense competition and fluctuating currency values are the challenges that are making organizations worldwide to compete in marketplace with products requiring a great deal of labor, and it is now getting harder for some of these organizations to maintain employees abroad. As Mello (p. 610) mentioned that a greater percentage of United States workforces are moving their operations abroad to developing nations like China and leaving an increasing number of United States domestic workers without employment. The foreign markets for the products and services are not the only things enticing these organizations to enter these global marketplaces. There are other reasons these companies are joining the global market arenas. For example, the foreign labor markets, this has attracted interest in many organizations to expand globally (Gersten, 1991). The labor force growth rates in developing nations alone will continue expanding by approximately 700 million people by the year 2010, while the United States labor force will continue to grow by only 25 million. This shows that United States’ growth rate will drop and the opportunities for productivity growth rate will increase in developing countries.
Furthermore, there were several ethical issues raised by the Bhopal Union Carbide Corporation. First and foremost important ethical issue to be address is the moral value of protecting the human life. I think the management team from both the United State and India did not protect the well-being of their employees and the community of the Bhopal people who lived near by the plant. The Union Carbide Corporation was more concern about making profits and the Government of India was more in tune with increasing their grain production rather than emplacing a high priority for ...