...Business Regulation Simulation Alumnia Inc. is a $4 billion dollar company that operates in eight countries around the world with 70% of its sales in the United States. They are located by Lake Dira in the state of Erehwon. Alumnia Inc. business interests are in automotive components and manufacture “packaging materials, bauxite mining, alumina refining and aluminum smelting. Alumuna falls under jurisdiction of region 6” of the Environmental Protection Agency (EPA) (University of Phoenix, 2002). The company was cited by the EPA 5 years ago for a Polycyclic Aromatic Hydrocarbon (PAH) discharge in nearby Lake Dira. Five years later, Kelly Bates accused Alumina Inc. of contaminating the waters of Lake Dira with PAHs thus causing her 10 year old daughter’s leukemia. “Bates also alleges that her daughter’s disease may be as old as Alumina’s first instance of environmental law violation” (University of Phoenix, 2002). These allegations were reviewed by Alumina’s legal counsel and handled to keep the company from further litigation that would only serve to tarnish the company’s reputation. This paper will illustrate key facts, regulations and legal issues in the Business Regulation Simulation. It will address the values, conflicts among the stakeholders and ethical dilemmas with the multibillion dollar company. A legal counsel’s summary of basic issues and the action handling the environmental regulatory topic will be explored. Based on table 1, a risk analysis and alternative...
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...Addressing International and Ethical Issues Stimulation Summary Michelle Straughter LAW/421 November 18, 2012 Corey Foster Companies should be aware of possible pitfalls of the international business arena. Disagreements and disputes are common in international trade. Ethical issues are precisely complex when setting certain standards in international businesses. Different nations establish their standards by expanding countries. In this stimulation summary addressing international legal and ethical issues this discussion will explain how the issues resolve legal disputes and international transactions. Describing some particular considerations of taking legal action against foreign business based in another country. What factors that works against CadMex decisions to grant sublicensing agreements. When the local customs and laws conflict with customs, laws conflict with customs, and laws of an organization operating abroad, in which should be prevail. Compare the issues in the simulation to the domestic legal issues, and how the companies should resolve domestic and international issues differently. History of CadMex Pharma and Gentura CadMex Pharma is a pharmaceutical company based in Tampa, Florida. These products are produced in 127 countries across the world. The company researches in developing drugs and manufacturing techniques. Gentura is a biotechnology company based in Candore, in which a small developing country on a high on high-growth curve. The company has evolved...
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...Addressing International Legal and Ethical Issues Simulation Summary Rania Kisar Law/421 Feb 22, 2015 John Huschen Resolving legal disputes in international business transactions require understanding of the substantive law, the political system, and the cultural habits of the foreign nation. Contract agreements that include the Choice-of-Law Clause and Forum Selection Clause such as in the simulation of CadMex (University of Phoenix, 2015), will ensure adherence of both parties to dispute resolutions especially when legal requirements may not be compatible. Negotiations, arbitration and mediation dispute resolutions ensures proper image of both firms. Litigations with foreign companies are not only costly and time consuming but will have a much weaker chance of winning, especially if the litigations are conducted through the foreign court systems as agreed upon in the example of the simulation (University of Phoenix, 2015). Two factors that could have worked against CadMex in granting sublicensing agreements to other firms to producing urgently needed medicine for a nation facing an epidemic (University of Phoenix, 2015). The first would have been financial related, and the remedy to that was to negotiate financial compensation. The second would have been to risk the entire contract being revoked by Gentoura, which could have been the case if they were forced to enter into sharing marketing rights of another drug. The local customs of the employees performing the tasks...
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...Run the “Business Regulation” Simulation. Develop a 1,400-1,800-word paper (including tables) in which you do the following: a. Identify the key facts, regulations, and legal issues in the simulation. b. Based on the simulation, identify several of Alumina’s values and stakeholders. What are the conflicts among the competing stakeholders, and how does this constitute an ethical dilemma? c. Analyze risks presented. Considering alternatives not contained in the simulation, recommend a solution for Alumina and evaluate it in the context of Alumina’s legal position. Justify your recommended solution. d. How well does your recommended solution address the ethical dilemma identified in item b? How well does it align with Alumina’s values? Learning Objectives See Week 3 objectives listed in the rEsource material or module. Required Reading Read the materials for Week 3 on your rEsourceSM course page. Read Ch. 7, 13, 14, 15, and 17 of Business: Its Legal, Ethical, and Global Environment. Assignments Run the “Contract Creation and Management” Simulation on your own before meeting with your Learning Team. Identify the elements of a contract and specify where (or if) they are present in the simulation. For purposes of helping you to analyze the assignment, divide the Learning Team into two sides, one representing the party needing the software and the other representing the party designing the software. Each party should identify...
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...Business Regulation Simulation University of Phoenix Alumina Inc. is a $4 billion aluminum maker based in the United States (U.S.) and operates in eight other countries around the world. The company has business interests in automotive components and the manufacture of packaging materials, bauxite mining, alumina refining, and aluminum smelting (University of Phoenix, 2008). The U.S. market constitutes 70% of the company’s sales. A crisis has arisen from allegations of environmental damages which have led to a person’s illness (University of Phoenix, 2008). This paper will identify key facts, regulations, and legal issues; identify several of Alumina’s values and stakeholders; identify conflicts which constitute ethical dilemmas; summarize legal counsel’s advice on the issues; and evaluate alternative solutions in the context of Alumina’s legal position. Key Facts, Regulations and Legal Issues Five years ago, a routine EPA compliance inspection revealed higher than acceptable levels of a carcinogenic substance, polycyclic aromatic hydrocarbons (PAH), to which Alumina promptly responded with a cleanup. The subsequent environmental audit reported the violation as corrected and the company has maintained a good compliance record since then (University of Phoenix, 2008). Alumina has made every effort to be compliant with environmental regulations. Administering environmental laws at the federal level is the Environmental Protection Agency. Since many of the laws provide...
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...------------------------------------------------- RE: Standards of Conduct and Ethics I. Purpose This Code of Business Conduct and Ethics helps ensure compliance with legal requirements and our standards of business conduct. All employees of Q Company are expected to read and understand this Code of Business Conduct and Ethics, uphold these standards in day to day activities, comply with all applicable policies and procedures, and ensure that all agents and contractors are aware of, understand and adhere to these standards. In any employment relationship, management and staff have expectations of each other and an effective and productive working relationship depends on the fulfillment of these expectations. Our Standards of Conduct and Ethics are driven by the Q Company which provides the fundamental direction on what type of organization we aspire to be and in guiding our behavior. Our Standards of Conduct and Ethics provide a framework for our behavior, the way we conduct business and the way we interact with each other. As a Q Company employee, you must conduct yourself in a diligent and professional manner, with due regard for the safety, security and integrity of the facility in which you work and well-being of everyone in the facility. It is neither possible, nor desirable to write prescriptive policies for every situation we may face at work. The standards are general in nature and are not intended to advise in detail the appropriate behavior for every...
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...Branding, Employer Branding 3 Human Resource Management 4 Human Resource Management Functions 5 Staffing 5 • Trends if Innovations: Measuring Quality of Hire in Today's Environment 6 Human Resource Development 6 Compensation 7 / Safety and Health 7 Employee and Labor Relations 7 Human Resource Research 8 Interrelationships of HRM Functions 8 Dynamic Human Resource Management Environment 8 Legal Considerations 8 Labor Market 9 Society 9 Unions 10 Shareholders 10 Competition 10 Customers 10 Technology 10 Economy 11 Unanticipated Events 11 How Human Resource Management Is Practiced in the Real World 11 HR's Changing Strategic Role: Who Performs the Human Resource Management Tasks? 11 Human Resource Manager 12 HR Outsourcing 12 HR Shared Service Centers 13 Professional Employer Organizations (Employee Leasing) 13 Line Managers 14 HR as a Strategic Partner 14 A Strategic HR Example 16 A Strategic HR Audit 16 Human Capital Metrics 17 Human Resource Designations 18 Evolution of Human Resource Management: Moving into Strategic HR 18 Evolving HR Organizations 19 Scope of This Book 20 • A Global Perspective: Cultural Differences in Global HR 22 SUMMARY 23 KEY TERMS 24 QUESTIONS FOR REVIEW 24 HRM INCIDENT 1: HR AFTER A DISASTER 24 HRM INCIDENT 2: DOWNSIZING 25 NOTES 25 PART TWO: ETHICAL, SOCIAL, AND LEGAL CONSIDERATIONS 28 Business Ethics and Corporate Social Responsibility 29...
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...Recognizing and Minimizing Tort and Regulatory Risk A tort is an act by a business that results in injury to a person, property, or good name. In most cases the person injured is entitled to compensation (Jennings, 2006). It is in the businesses best interest to be educated on local, state, and federal laws and regulations to reduce regulation and tort liability. A business must protect its assets, earnings, and good name. A company must have a plan in place to reduce and eliminate fines, penalties, and tort liability. The business must have a preventive plan in place to address regulation compliance and tort liability (Dore, 2008). Preventative, detective, and corrective measures The preventive plan should include measures to know and understand regulations and liability torts the business could encounter. Furthermore, the business plan should include steps that will be taken in the event of a government regulation violation or a tort liability. The plan should first identify the possible torts for non-compliance to government laws and regulations. The following are some of the issues the preventive plan should include: The business must identify health risks to employees, consumer, and the general public. The business must take solid steps to ensure the product, or services rendered is not harmful to others. An employee of the business needs to be assigned and responsible to understand the laws and regulations that affect all facets of the business. This person needs...
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...Preface xxiv xxv PART I. 21ST-CENTURY HUMAN RESOURCE MANAGEMENT STRATEGIC PLANNING AND LEGAL ISSUES 1 Chapter 1 The New Human Resource Management Process 2 SHRM 3 Why Study Human Resource Management? 4 HRM Past and Present 6 Past View of HRM 6 Present View of HRM 6 21st-century HRIi 8 HRM Challenges 8 The HRM Strategic View 9/ Technology and Knowledge 10 Labor Demographics 11 Productivity and Competitiveness Through HRM HRM Skills 12 Technical Skills 12 Human Relations Skills 13 Conceptual and Design Skills Business Skills 14 12 13 Line Managers' HRM Responsibilities 15 Line Versus Staff Management 15 Major HR Responsibilities of Line Management 15 HR Managers' Resonsibiiities: Disciplines Within HRW? 16 The Legal Environment: EEO and Diversity Management 17 Staffing 17 Training and Development 20 Employee Relations 20 Labor and Industrial Relations 20 Compensation and Benefits 20 Safety and Security 21 Ethics and Sustainability 21 HRM Careers 23 The Society for Human Resource Management Other HR Organizations 24 Professional liabiliy 24 23 The Practitioner's Model for HRM The Model 24 Sections of the Model 25 24 Trends and Issues in HRM 27 Technology and High-Performance Work Systems 27 Increasing Globalization 28 Ethical Issues—Reverse Discrimination Wrap-Up 28 29 Chapter Summary 30 Case 1.1 33 Chapter 2 Strategy-Driven Human Resource Management SHRM 38 39 Strategy...
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...World Introduction Globalization and Internationalization Globalization, Antiglobalization, and Global Pressures Global and Regional Integration The Shifting Balance of Economic Power in the Global Economy 2 4 6 6 9 12 Global Economic Systems Market Economy Command Economy Mixed Economy 19 19 19 20 Economic Performance and Issues of Major Regions Established Economies Emerging Economies Developing Economies on the Verge 20 20 22 26 The World of International Management—Revisited 30 Summary of Key Points 32 Key Terms 32 Review and Discussion Questions 32 Answers to the In-Chapter Quiz 33 Internet Exercise: Global Competition in Fast Food 33 In the International Spotlight: India 2 Globalization and International Linkages 34 The Political, Legal, and Technological Environment 36 The World of International Management: Social Media and the Pace of Change 36 Political Environment Ideologies Political Systems 38 39 41 Legal and Regulatory Environment Basic Principles of International Law Examples of Legal and Regulatory Issues Privatization Regulation of Trade and Investment 44 44 45 48 50 Technological Environment and Global Shifts in Production Trends in Technology, Communication, and Innovation 51 51 xvii xviii Table of Contents Biotechnology 53 E-Business 54 Telecommunications 55 Technological Advancements, Outsourcing, and Offshoring ...
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...variables method data research contract environment export source assessment policy identified create derived factors procedure definition assume theory benefit evidence established authority major issues labour occur economic involved percent interpretation consistent income structure legal concept formula section required constitutional analysis distribution function area approach role legislation indicate response period context significant similar text commission regulations computer items consumer achieve final positive evaluation assistance normal relevant distinction region traditional impact consequences chapter equation appropriate resources participation survey potential cultural transfer select credit affect categories perceived sought focus purchase injury site journal primary complex institute investment administration maintenance design obtained restricted conduct ensure specified justification funds reliance physical partnership location link coordination alternative initial validity task techniques excluded consent proportion demonstrate reaction criteria minorities technology philosophy removed sex compensation sequence corresponding maximum circumstances instance considerable sufficient corporate interaction contribution immigration component constraints technical emphasis scheme layer volume document registered ...
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...Line and Staff Aspects of Human Resource Management 32 Line Managers' Human Resource Duties 33 Human Resource Manager's Duties 33 New Approaches to Organizing HR 35 Cooperative Line and Staff HR Management: An Example Globalization and Competition Trends 37 Indebtedness ("Leverage") and Deregulation Technological Trends 38 Trends in the Nature of Work 39 35 WHAT IS HUMAN RESOURCE MANAGEMENT AND WHY IS IT IMPORTANT? 31 THE TRENDS SHAPING HUMAN RESOURCE MANAGEMENT 38 36 • HR AS A PROFIT CENTER: Boosting Customer Service Workforce and Demographic Trends 40 Economic Challenges and Trends 42 40 THE NEW HUMAN RESOURCE MANAGERS 43 Human Resource Management Yesterday and Today 43 They Focus More on Strategic, Big Picture Issues 43 • THE STRATEGIC CONTEXT: Building LL.Bean 43 44 They Use New Ways to Provide Transactional Services They Take an Integrated, "Talent Management" Approach to Managing Human Resources 45 They Manage Ethics 45 They Manage Employee Engagement 45 They Measure HR Performance and Results 45 They Use Evidence-Based Human Resource Management They Add Value 46 They Have New Competencies 47 HR Certification 48 46 THE PLAN OF THIS BOOK 48 48 The Basic Themes and Features CHAPTER CONTENTS OVERVIEW 49 49...
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...Line and Staff Aspects of Human Resource Management 32 Line Managers' Human Resource Duties 33 Human Resource Manager's Duties 33 New Approaches to Organizing HR 35 Cooperative Line and Staff HR Management: An Example Globalization and Competition Trends 37 Indebtedness ("Leverage") and Deregulation Technological Trends 38 Trends in the Nature of Work 39 35 WHAT IS HUMAN RESOURCE MANAGEMENT AND WHY IS IT IMPORTANT? 31 THE TRENDS SHAPING HUMAN RESOURCE MANAGEMENT 38 36 • HR AS A PROFIT CENTER: Boosting Customer Service Workforce and Demographic Trends 40 Economic Challenges and Trends 42 40 THE NEW HUMAN RESOURCE MANAGERS 43 Human Resource Management Yesterday and Today 43 They Focus More on Strategic, Big Picture Issues 43 • THE STRATEGIC CONTEXT: Building LL.Bean 43 44 They Use New Ways to Provide Transactional Services They Take an Integrated, "Talent Management" Approach to Managing Human Resources 45 They Manage Ethics 45 They Manage Employee Engagement 45 They Measure HR Performance and Results 45 They Use Evidence-Based Human Resource Management They Add Value 46 They Have New Competencies 47 HR Certification 48 46 THE PLAN OF THIS BOOK 48 48 The Basic Themes and Features CHAPTER CONTENTS OVERVIEW 49 49...
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...LAMAR UNIVERSITY - COLLEGE OF BUSINESS MGMT5380 - STRATEGIC MANAGEMENT Brad Mayer: Galloway 204 (880-2383); bradley.mayer@lamar.edu Office Hrs: MWF 9:20-10:20 AM (and by appointment) The mission of the College of Business at Lamar University is to provide a quality education to a diverse student population from Southeast Texas and beyond, resulting in well-rounded business professionals who are prepared to meet the challenges of a dynamic global environment while upholding ethical values and encouraging civic and social responsibility. The faculty promotes an environment supportive of applications-oriented learning by engaging in a balance of discipline-based, business pedagogy, and practice-based intellectual contributions. I. Catalog Description: The capstone course for the MBA. The course assumes that the company success depends upon formulation of an astute “game” plan and the ability to implement and execute that game plan proficiently. The purpose of the class is to enable students to “think strategically,” consider the total enterprise, and to make long-term decisions in a global market environment. A prerequisite for the Integrative Case Study. II. Prerequisites: - Student must be in last semester of course work and have approval of advisor. - Justification: This is a capstone course that draws upon all of the MBA core courses and stresses complex and interdisciplinary applications of the combined theories and experiences of these...
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...Unit - 1 : Introduction to Human Resource Management Structure of Unit: 1.0 1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8 1.9 1.10 1.11 1.12 Objectives Introduction Opening Case What is Human Resource Management? Nature of HRM Scope of HRM Objectives of HRM Functions of HRM Role of HRM HRM in the New Millennium Summary Self Assessment Questions Reference Books 1.0 Objectives After studying this unit, you will be able to: 1.1 Understand the basic concepts of human resource management (HRM). Explain what human resource management is and how it relates to the management process. Provide an overview of functions of HRM. Describe how the major roles of HR management are being transformed. Explain the role of HRM in the present millennium. Introduction Human beings are social beings and hardly ever live and work in isolation. We always plan, develop and manage our relations both consciously and unconsciously. The relations are the outcome of our actions and depend to a great extent upon our ability to manage our actions. From childhood each and every individual acquire knowledge and experience on understanding others and how to behave in each and every situations in life. Later we carry forward this learning and understanding in carrying and managing relations at our workplace. The whole context of Human Resource Management revolves around this core matter of managing relations at work place. Since mid 1980’s Human Resource...
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