...BUSINESS ETHICS AND CSR IN THE CONTEXT OF SAMSUNG ELECTRONICS 1.0 Introduction In the 21st century of business, there are number of factors apart from the financial figures that play a vital role for the success story of the business corporations. These factors include the culture adopted by the business, philosophy of the management of the company, code of ethics and standards followed by business. The presence of all of these factors in the business’s ethical guidelines has a significant impact on the ability of the business organisations to perform well on the long term basis. In this report the Samsung Electronics’ ethical issues are studied along with the importance of the business ethics and Corporate Social Responsibility (CSR) practices adopted by the business organisations. The upcoming sections of this report present information about the meaning and importance of business ethics which is followed by the description of the violations of the ethical issues by the Samsung Company and the also the role of Samsung management in promoting CSR and overcoming ethical issues. 2.0 Meaning of Business Ethics The primary objective of each and every business organisation is to run business for the purpose of profit as well as the maximisation of owners’ wealth. Profit can be maximized by selling goods and services at reasonable prices and as far as wealth is concerned this can only be maximized if business follows the required ethics. The term business ethics...
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...• Business in context Lecture 2 Week 1 • Reference Grant , D.( 2013, January 27 ). I’d rather a better phone than feed a hungry child . New Zealand Herald . Retrieved from: http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10861651 • Introduction This article was posted on NZ herald which is a personal opinion of Damien Grant that he would rather spending money for himself than for poverty child . In the article , he explains clearly the reason for his opinion within examples and statistics. He wants to in form to audiences that no child lives below international poverty live and the Children's commission needs to show that there is a problem or they will be abolished . • Applications and connections The article of Grant is convincing because he mentioned exactly of what is happening in nowadays society and he is also right if the average wage in New Zealand was $1M a year then the figures the commission given would say those on $600K a year would be living in poverty. It makes me to contradict with Singer’s ethic video recording . In Singer’s ethic video recording, he expresses his idea that people should spend their money for poverty rather than for a expensive Prada shoes. However Grant reading is better ,meanwhile Singers criticizes people who spend money for those expensive things. Because this is business , Its “the term includes any transaction designed to provide goods or services for a profit”. ( New Zealand dictionary of...
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...Business Context Clothing Market in the UK: Do consumers make choices primarily on the price of goods or do they take into consideration a non-price factors? Amy Daniels, Justas Kasparaitis, Lukeman Miah, Yamini Snigh and Aleksandra Zwierzewicz TUTOR: Dr. Rukhsana Kansar Date: 31.10.2014 Word Count: 2263 08 Fall TABLE OF CONTENTS: 1. EXECUTIVE SUMMARY 2. INTRODUCTION 3. MAIN BODY: 3.1 . MARKET CHARACTERISTICS 4.1.1. Economic framework 4.1.2. Legal framework 3.2 . CONSUMER BEHAVIOUR 3.2.1. Consumer confidence 3.2.2 Service convenience 3.2.3. Legal remedies 4. CONCLUSION 5. REFERENCES 1. EXECUTIVE SUMMARY This report aimed to investigate whether consumers make choices primarily on the price of goods or whether they take into account a non-price consideration. Report consists of two main parts- market characteristics and consumer behaviour; it shows that non-price factors play a crucial role in consumer behaviour. Changes in economic, legal and political structures have caused an emergence of e-commerce and the decline in High Street sales. Furthermore, the current analyses show that soon e-commerce will take over ‘bricks and mortar’ sellers. 2. INTRODUCTION ...
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...creativity is at the heart of the school’s standards which appear to be continually improving the holistic needs of the children, in turn impacting performance. I will look closely at three national initiatives and assess their effectiveness: The Creative Partnership Scheme, Investors in pupils and SEAL: social, emotional, aspects of learning. I will then look at how the school incorporates aspects of faith within the context of children’s daily learning. The school incorporates other initiatives; however, I believe the aforementioned three to be the most relevant to the school’s aims and pivotal to their continued improvement. I will incorporate other sources of information which will include educational literature, publications, government documents, reports, theories and concepts. I have gathered evidence through independent observation and discussion with the class teacher in order to understand more about the impact of holistic needs on children. During my time at school A, I have utilised observation of children to understand how impacts take effect in different contexts. To conclude, I will identify implications that potentially could impact my future development as a...
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...A critical component of validity is reliability. Validity embodies not only what positive outcomes a selection approach may predict, but also how consistently(i.e., reliably) it does so. In this chapter we will (1) review ways of improving the consistency or reliability of the selection process; (2) discuss two methods for measuring validity; and (3) present two cases that illustrate these methods. First, however, let’s consider a legal issue that is closely connected to validity: employment discrimination. Avoiding Discrimination Charges Avoiding content errors Reducing rater inconsistency VALIDITY OF SELECTION METHODS Validity refers to the quality of a measure that exists when the measure assesses a construct. In the selection context, validity refers to the appropriateness, meaningfulness, and usefulness of the inferences made about applicants during the selection process. It is concerned with the issue of whether applicants will actually perform the job as well as expected based on the inferences made during the selection process. The closer the applicants' actual job performances match their expected performances, the greater the validity of the selection...
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...Faculty of Design Module Name: Programme Name Programme No. Assignment Title Project Objectives Assignment Brief 2012-2013 Culture & History 1: Product Design Masters (QF Level 4) BA (Hons) in Product Design DS 125 103 Module no Year 1 – Sem. 1 Total Hours: 42 DPD4120 No. of weeks: 14 Hours per week: 3 This project is designed to assess your ability to: - interpret the key issues of product design from different perspectives, including social, economic and technological, through rigorous explorations on selected product design masters. - critically review contemporary product design in the professional context. relate key aspects of the design masters’ design philosophies to design artefacts. Brief This assignment allows you to demonstrate your understanding of the design philosophies of the product design masters and apply critiques across theoretical and practical work. In this assignment you will be required to: research into one current or past product design master; relate key aspects of the design masters’ design philosophies to design artifact; interpret the key issues of product design from different perspectives, including social, economic and technological; critically review their contributions and effect to contemporary product design; and write an essay with a minimum of 1,500 words based on your findings. Deliverables 1,500 word essay in hard copy plus a soft copy in MS Word format uploaded into MOODLES. (MLO 2, 3, 4) 1. 2. 3. The essay...
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...Values, Beliefs, Clinical Gestalt with Individuals, and Systems University of Phoenix I am learning as much as I can about myself through the journal entries, exercises, and team discussion questions to better myself as a future therapist or clinician. To be productive and effective I must recognize, and accept my strengths and weaknesses with an attitude of striving for excellence. I have learned a great deal about myself and the areas where I can improve in the clinical setting. I realize that with improvement there will be challenges. I will overcome these challenges by utilizing the knowledge I am obtaining in these series of classes. My Values and Beliefs All the choices and decisions I have made in my life are based on my values and belief system. My parents strived to teach me the best values and to instill wholesome values. I was raised to always know a person can not be judged on what is seen, but by what you learn of them. In a clinical atmosphere I believe I can put these lessons to use. I know not to judge a person based on their situation as each person has a story that has led to where they are today in life. There are certain issues that I have an opinion about that I know I will have to set aside in order for my client to benefit. A few of these issues are abortion, molestation, rape, and murder. Realize every situation has a story behind it and I need to be able to hear the story so that I can help my client in need. My Clinical...
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...DETAILS: |Full name: | | |Address: | | | | |Postcode: | | If you are submitting the assignment on paper, please staple this sheet to the front of each assignment. If you are submitting the assignment online, please ensure this cover sheet is included at the start of your document. (This is preferable to a separate attachment.) |Student ID | |Course code and title: Contexts of Nursing Practice, NURS 3033 | |School: Nursing and Midwifery |Program Code: IBNU / WBNU | |Course Coordinator: Andrew Gardner |Tutor: ?? | |Assignment number: Assessment item 3 |Due date: Friday 20 August 2010 | |Assignment...
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...FULL TIME MBA 2011/12 NAME OF COURSE Business and the Global Context TITLE OF ASSIGNMENT “Discuss how political factors are impacting on the development of an industry of your choice” NAME OF STUDENT DATE OF ASSIGNMENT DEADLINE 21st of November 2011 WORD COUNT 1503 Index Contents Index 2 Introduction 3 Investment Banking Sector:- 4 Definition of Political Risks:- 5 Impact of Political Factors on the Investment Banking 6 Conclusion 9 Reference List :- 10 Introduction Finance has always been centre point of many nations in terms of their economic, social and cultural development. In fact, a nation cannot survive without proper finance and management. This assignment first introduces the fundamental meaning of term Investment Banking and political risk. The assignment focuses on how government is playing major role in formation of investment banking. Examples have been provided which shows governments of other countries with same democratic ruling system follow the same financial regulations. Government also tend to have their own controlled system of investment for national interest. Some examples have been mentioned in the assignment which shows the faulty political interest responsible of collapse of investment banking and later government have to come in picture to save the banks. This assignment also mentions about other direct and indirect social, economic effects influencing political decisions on investment banking. At...
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...Canterbury Boys’ High School English 2014/15 Advanced Course The following information gives an outline of the Year 12 Advanced English Program for the HSC tested in 2015. The syllabus states that: The aim of Senior English is to enable students to understand, use, enjoy and value the English language in its various textual forms and to become thoughtful, imaginative and effective communicators in a diverse and changing society. The study of English involves exploring, responding to and composing texts • in and for a range of personal, social, historical, cultural and workplace contexts • using a variety of language modes, forms, features and structures. Meaning is achieved through responding and composing, which are typically interdependent and ongoing processes. In Year 12 time is allocated to certain issues and texts based on the time needed to cover the Board of Studies’ requirements for the fulfilment of the English outcomes. This program is based on the premise that: • students are required to experience literature in a variety of modes (short story, novel, poetry, non-fiction, film and drama) • there should be a continuing study of non-literary material (print and non-print, multi-media) • students should be encouraged to develop reading interests outside the classroom • there will be a continuing emphasis on oral English in class discussions, small group discussions, debating, public speaking, interviewing, dramatic reconstructions ...
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...GBCGlobal Business Context (BIM) Section (A) 60% of mark Explain how (i) consumer demand for housing (ii) predatory selling of mortgages to the sub-prime market and (iii) mortgage-backed securities generated a housing bubble in the United States of America before September 2007. There were quite a few “players” that helped cause the financial crisis and gave birth to a bubble in the USA’s housing market. One of them is the consumer demand for the housing. Obviously consumer demand was high for people to own their own home in America “with bankers offering home buyers 0%-110% mortgages” encouraging buyers to want to buy a home even more, then with that America tried to meet the demand, supplying more houses due to constructing new ones. Luci ellis said that “Firstly, the US housing construction boom itself helped create this vulnerability. In contrast to some other countries, strong housing demand was met with additional supply that exceeded underlying needs. When the boom stopped, the United States was left with an overhang of excess supply that other countries have not built up” so By the end of that year, housing starts had fallen by around 40% “ therefore in the end the supply was greater than the demand and the US had spent money on houses that no one needed. However Paul Krugman, (September 2009) said that “Few economists saw our current crisis coming, but this predictive failure was the least of the field’s problems. More important was the profession’s blindness...
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...Homework #2 43. Measurements of a certain system have shown that the average process runs for a time T before blocking on I/O. A process switch requires a time S, which is effectively wasted (overhead). For round-robin scheduling with quantum Q, give a formula for the CPU efficiency for each of the following: a. Q=∞ Answer: No involuntary context switches will occur. Each process will pay 1 context switch per CPU burst. Efficiency=TT+S b. Q>T Answer: As long as the quantum Q is larger than T, then no involuntary context switches will occur. Efficiency=TT+S c. S<Q<T Answer: Efficiency=QQ+S d. Q=S Answer: Efficiency=QQ+S=Q=50% e. Q nearly 0 Answer: Efficiency=0% 44. Five jobs are waiting to be run. Their expected run times are 9, 6, 3, 5, and X. In what order should they be run to minimize average response time? (Your answer will depend on X.) Answer: For X, 3, 5, 6, 9 order: 0<X≤3 For 3, X, 5, 6, 9 order: 3<X≤5 For 3, 5, X, 6, 9 order: 5<X≤6 For 3, 5, 6, X, 9 order: 6<X≤9 For 3, 5, 6, 9, X order: 9<X 45. Five batch jobs. A through E, arrive at a computer center at almost the same time. They have estimated running times of 10, 6, 2, 4, and 8 minutes. Their (externally determined) priorities are 3, 5, 2, 1, and 4, respectively, with 5 being the highest priority. For each of the following scheduling algorithms, determine the mean process turnaround time. Ignore process switching overhead...
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...Individual Assessment SM0269 Global & International Business Context Nurhuda Binte Md Yassin Student ID: 12034616 Word count: 3,189 words INTRODUCTION This report aims at facilitating the company’s decision-making process concerning the consideration of expanding its international operations in food retailing to South Africa. The overall competitiveness and investment attractiveness will be based on the extended version of Porter’s National Diamond and supplemented with key management issues of South Africa food retail industry, to which the company can tailor its strategy. The analysis recommendations will be made, that need to be considered by the company before deciding in opening its operations in South African food retail industry. Brief Summary of South Africa Food Retail Industry |South Africa, a growing retail market with a population of around 49 million people, possesses a modern infrastructure supporting relatively | |efficient distribution of goods to urban centres, townships and rural areas throughout South Africa and Southern Africa (Ntloedibe, 2010). South | |Africa have been identified among the ten new markets most likely to appeal to multinational store groups, along with four other African countries -| |Algeria, Kenya, Morocco and Nigeria (Ventures Africa, 2012). ...
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...BUSINESS COMMUNICATION BUSINESS COMMUNICATION AND THE TECHNOLOGY CONTEXT You are sitting at your computer when you hear the familiar musical chord that announces an incoming message. You activate your interview line, and the communication manager of your company appears in the comer of your screen. "Thought you would be interested in this memo from headquarters," she says. "regarding the new communication system we're installing. Soon we'll be completely wireless, and you'll be able to receive and transmit images that can fill your screen rather than sit in the corner of it," She chuckles. "That's assuming you want a larger image of whoever you're talking to!" You chat for a few minutes while the copy of the memo is being sent. Within a minute or two, your printer gives you a copy of the memo. You say goodbye and deactivate your interview line. Why Managing Information within Organizations? The growth of information technology over the past 30 years has transformed the way business is transacted throughout the world. Obvious effects of the new technologies include a marked increase in the amount and availability of information and greater speed in sending and receiving it. Other, less obvious effects are changes in organizational structure from the diminishing importance of physical location in running a business. Additional changes involve requirements in computer literacy even for entry‐level positions and changes in individuals' work demand and expectations...
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...Evaluation of Talisman Energy’s Hydraulic Fracturing Practises in Hudson Hope ABSTRACT To meet the demand of oil in today’s oil dependent society, Talisman Energy is looking to exploit a mine located in Hudson Hope, British Colombia. The most suitable extraction process is hydraulic fracturing, which currently presents several environmental concerns to the residents located near the mine, and a representation of the general public who believe that hydraulic fracturing is not an ethical method of extraction. Talisman Energy has recently been granted a long term contract to utilize fresh water from BC Hydro’s Williston Reservoir. Local residents are concerned about the additives used in Talismans fracking process, as well as the depletion of their fresh water source. The major environmental concerns associated with hydraulic fracturing include the presence of fracking additives in ground water supply, human induced earthquakes, and the use of large amounts of fresh water supply. Talisman Energy’s proposed plan of action was evaluated using a set of ethical decision making criteria in order to determine if Talisman Energy can be considered an ethical and socially responsible company. An analysis of the criteria determined that Talisman Energy currently fails to operate as an ethical and socially responsible company. Specifically, Talisman Energy did not take the initiative to evaluate more sustainable fresh water sources. It was concluded that upon further exploration in...
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