...Values and Ethical Decision Making Learning Team A Kevin Davis, Desmond Harris, David Stevens MGT 521 January 30, 2010 Richard Lewis Values and Ethical Decision Making Individuals and organizations make multiple decisions every day. Making decisions involves making a choice between two or more alternatives (Nickels, McHugh, & McHugh, 2010). Some of these choices are small, like what flavor of ice cream to buy, whereas other choices are big, like should a corporate executive take a bribe. Making ethical decisions is important for an organization’s success. An individual’s personal values and ethics help guide decision making. Organizational values also play a role in making decisions. Ethics awareness inventories help identify a person’s ethical perspective and how that perspective may conflict with organizational values to influence decisions. Values Evaluating personal values Norfolk Southern values can be evaluated through the individual actions, accomplishments, and achievements that have institutionalized the company’s commitment and many years of service. The personal leadership at Norfolk Southern developed the company’s long-term strategic formula for success in the railroad industry. The personal values of Norfolk Southern leaders, like former Chief Executive Officer David R. Goode, developed the company’s mission and vision and helped build a top company within the industry. Mr. Goode’s personal actions throughout countless situations helped guide the...
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...Title: Wal-Mart’s Purchasing Process To: Dr. Franklin Mitchell From: Mark Bieker Class: Class: AC 550 Accounting Information Systems Date: October 10, 2011 Introduction Wal-Mart was founded by Sam Walton in 1962 with the first Wal-Mart discount store opening in Rogers, Arkansas. The company was officially incorporated as Wal-Mart Stores Inc. on October 31, 1969. Currently, Wal-Mart has stores in 50 states in America and 15 countries worldwide, including Argentina, Brazil, Canada, Chile, Costa Rica, El Salvador, Guatemala, Honduras, India, Japan, Mexico, Nicaragua, Puerto Rico, and the United Kingdom. The growth of Wal-Mart over a period of 49 years is remarkable and has lead Wal-Mart to become the biggest retailer in the world. Wal-Mart also has a strong community presence in the areas the stores are located. Wal-Mart’s purpose is to save people money and to help them live better. In 2007, Wal-Mart changed its slogan from “Always low prices” to “Save money. Live better.” This slogan is demonstrated in the products that Wal-Mart sells. Wal-Mart will not be undersold. Wal-Mart caters to the low income and middle income people by offering goods at low prices. These low prices are demonstrated in the products Wal-Mart sells. The products include: food, drink, clothing, jewelry, electronics, automobile supplies, sporting goods, toys, and furniture. Basically, Wal-Mart offers customers a one stop shopping experience. In order to provide this variety of...
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...Values and Ethical Decision Making Importance of Value Alignment Between an Organization and its Employees Core values are the basic principles to govern our ideas and actions we practice in our work organization. Any successful organization has to create its own core values because those principles are going to sustain their success and determine it as a great place where employees enjoy working. It is not important if the Core Values are many or few in numbers, what really matters is their meaning and power that they have over every employee. This list of values is going to define the only path to follow by every member in the organization. Therefore, society is going to identify the company according its core values. Many times people say that the brand is an expression of the core values of any organization because each company develops a specific core values according to its necessities and goals. Some focus on the customer service, others on the profits. At Intercos for example, where I work, there are six values in the basic list. However the first and most important is the “value for the customer: Creation of new and value products for our customers” which displays the real importance that the customers should have to each employee in Intercos. Each employee should know perfectly the company’s core values and have the courage to act on them on behalf of the common good. Sometimes excellent workers have their own personal values, which is not necessarily bad, but simply...
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...Running head: ETHICS REFLECTION Ethics Reflection STR/581 Ethics Reflection In the last decade ethics has taken an important place in corporate America after some unethical and fraudulent business practices getting uncovered. Few companies’ such as Tyco, Enron, Arthur Anderson, and WorldCom have made their name synonymous with corporate fraud. Unethical behavior of top executives like Bernard Madoff and Martha Stewart can sink the whole company. This paper will explain the role of ethics and social responsibility when developing a strategic plan. In this paper I will also discuss how my ethical responsibility has changed during MBA program. Ethics in Strategic Planning Ethical means that which is morally good, and morally right, as opposed to legally or procedurally right (Mendonca, 2001). Business like most other social activities presupposes a background of ethics and would be impossible without it. To be a good business leader it is very important to doing the right things. Any unethical behavior at workplace can be creates very stressful and overwhelming environment for employees. For example, if an employee finds an unethical behavior, which is not necessarily illegal, his or her inner self of right and wrong could play a role in what he or she does. A good corporation needs to know what is good and bad not only just now, but also within the action-relevant future (Mintzberg, Lampel, Quinn, & Ghoshal, 2003). To give clear directions on...
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...CJA 324 Complete Course Material Version 3 http://hwminute.com/downloads/cja-324-complete-course-material-version-3/ Please use a valid e-mail address while placing your order, the link to download products will be sent to this address. Check your Junk/Spam folder as well. After downloading, unzip the files. If you don't have WINZIP software, you can download it for free at www.winzip.com . If you don't receive any download link within a minute. Please contact us immediately. ( hwminute@gmail.com) Visit Website: http://hwminute.com/ Week One: Ethics and the Criminal Justice Practitioner Details Due Points Objectives 1.1 Explain the importance of ethics to the criminal justice practitioner.1.2 Distinguish between morality, ethics, duties, and values.1.3 Explain common theories related to ethics in criminal justice. 1.4 Analyze ethical decision-making processes. Reading Read the Week One Read Me First. Reading Read Ch. 1 of Justice, Crime, and Ethics. Reading Read Ch. 2 of Justice, Crime, and Ethics. Reading Read Ch. 3 of Justice, Crime, and Ethics. Reading Read this week’s Electronic Reserve Readings. Participation Participate in class discussion. 4 of 7 days 1 Discussion Questions Respond to weekly discussion questions. DQ1 due day 3DQ 2 due day 5 3 Learning Team InstructionsLearning Team Charter Select Learning Team members who work together throughout the course.Create the Learning Team Charter. Day 7 Learning Team InstructionsWeekly...
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...COURSE SYLLABUS – Spring 2011 - DS 3520 OPERATIONS MANAGEMENT Course Number and Title: Operations Management - DS 3520 (3 semester hours) Prerequisite: Junior or Senior standing and must have passed ECON 3610 (Statistics). This applies to all students regardless of their major in the University. Course Description (from current catalog): Management of the processes, resources, and technologies in the production of goods and services. This course will cover topics concerning the design, operation, and improvement of production systems. These are topics such as operations strategy, capacity planning, design and analysis of processes, quality management management systems, supply chain management, production planning and inventory management. It will also address important business issues and contexts such as sustainability, strategic partnerships and alliances, global competitiveness, quality and productivity, and lean production philosophy. Learning Objectives and Expected Learning Outcomes: The learning objectives and expected learning outcomes are: 1) To introduce the fundamental concepts of Operations Management; to provide factual knowledge, terminology, methods, and theories of the field required for the management of the transformation process by which inputs are converted into useful goods and services in a production system. Students will demonstrate the understanding of the key terminology and concepts of operations management...
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...Exercise 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 28 41 51 3 Accounting: A Business Information System . . . . . 61 Foundation Exercise 5 . . . . . . . . . . . 89 Foundation Exercise 6 . . . . . . . . . . . 88 Production: Improving Productivity and Performance . . 91 Foundation Exercise 7 . . . . . . . . . . . 99 Foundation Exercise 8 . . . . . . . . . . . 107 Finance: Working and Investment Capital . . . . Investment Financing . . . . . . . . . . Financial Ratios and Ratio Analysis . . . . . . Using the Cash Flow Statement as a Management Tool Foundation Exercise 9 . . . . . . . . . . . . . . . . . . . 115 123 134 138 143 150 4 5 6 7 8 Business and Society: The Legal and Regulatory System Business Ethics . . . . . . ....
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...CHAPTER 19 Fraud Awareness Auditing LEARNING OBJECTIVES | | | | | | |Review Checkpoints |Exercises Problems |Cases | | | | | | |1. Define and explain the differences among several kinds of fraud, |1, 2, 3 |45, 46 | | |errors, irregularities, and illegal acts that might occur in an | | | | |organization. | | | | | | | | | |2. Explain the various auditing standards regarding external, internal, |4, 5, 6, 7, 8 | | | |and governmental auditors' responsibilities with respect to detecting | | | | |and reporting errors, irregularities, and illegal...
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...Continuing Academic Success GEN/201 09/29/14 Felicia Pettway Continuing Academic Success It was a big decision for me to continue my path to higher education without giving up. Personally, it took me 4 years of community college to finish with my general education program because of the obstacle that came through my path. Being in school my whole life, honestly speaking I was just about ready to give up because of the stress and pressure. Knowing how far I was to my goal and a little help from my family I was able to make a decision to not give up and peruse my goal and attain my diploma. Persistence is key and in knowing that I am going to strive to finish my goal. Setting Goals Setting goals is key when it comes to achieving them. It is crucial to set realistic goals that you know you can accomplish as opposed to setting unrealistic one that you know is far from reach. The University talks a lot about setting goals and achieving them. According to University of Phoenix Goal Setting and Time Management (2014), S.M.A.R.T. goals are specific, measurable, achievable, relevant, and timely. One personal goals that I set forth for myself is to obtain by Bachelor’s Degree in Business and Management. That will enable me in my career to move the corporate ladder and acquire the position I see myself in. The Writing Process Good writing is essential for success in school and the 21st Century workplace. Writing is a combination of skill that is best...
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...Organizational Structure Template |Name William Phillips |Date Completed 11/30/2014 | Purpose and Overview The purpose of this assignment is to help you prepare for successful, enjoyable participation in a positive team experience for Units 8–10. In this assignment, you will research and compose descriptions of a fictitious anonymous company's five functional areas. Further, you will explore organization’s code of ethics and executive summaries of reports to understand what they are and how to compose them. Your main task is to develop a broad overview of the mission and purpose to be prepared to participate in the team activity for Unit 8. Note: Your assigned role for the team is not needed or related to this assignment. As you complete this assignment on this template, refer to information provided in the unit 7 studies. Specifically, utilize these provided resources and perform research to satisfactorily complete this assignment. • Teamwork Activity Challenge. • Organizational Structure reading. • Functional Areas Managers reading. Important: This assignment is due Sunday of week 7. Learners completing it on time will be performing Unit 8 as part of a team. Learners without a successful, timely assignment cannot be on a team. Important: Utilize paragraph structure in your document, not outline format, and support your ideas with...
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...feedback and images, are available for question creation. Add Name Description Instructions Modify Creation Settings Chapter 2--Why People Commit Fraud Add Question Here Multiple Choice 0 points Modify Remove Question Which of the following is NOT a common rationalization of fraud perpetrators? Answer The organization owes me I'm only borrowing the money No one will get hurt I don’t deserve more. Add Question Here Multiple Choice 0 points Modify Remove Question Which of the following is NOT a primary control procedure to minimize the occurrence of fraud? Answer Dual custody Systems of authorization Internal audit department Documents and records Add Question Here Multiple Choice 0 points Modify Remove Question Each of the following is an example of an inadequate control environment EXCEPT: Answer The HR department failed to check an applicant's background and hired someone who had committed fraud in the past. A manager instructs employees not to share passwords, and then shares her passwords with others. A company does not establish codes of conduct and does not have training meetings to teach employees to distinguish between acceptable and unacceptable behavior. The employees know who has responsibility for each business activity. Add Question Here Multiple Choice 0 points Modify Remove Question A fraud perpetrator uses the float time between banks to give the impression that he had money in his accounts. Which crime is he committing? Answer Floating Strip...
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...Houser Shoes Gary Houser started his shoes career working for International Shoe Corporation part-time while attending college. In 1973 an opportunity arose, Houser collaborated with a few partners contracted into a 3 store lease. This strategy encouraged Houser to venture on his own. The first Houser Shoes opened in Gastonia, NC in 1976(Houser Shoes, 2007). In addition, the implementation process was a success and grew to be an 11 store operation in no time and one of the southeast’s largest independent retailers, and is still owned and operated by Gary Houser (Houser Shoes, 2007). In 2000, Houser and his daughter Beth Houser created a shared vision for another chain of stores named GB Shoe Warehouse, which is also one of the southeast's largest shoe stores. Houser has a total of 150 people employees and embraces the strategy of making stakeholders feel special and realizes that its staff that is the backbone of its existence and people have faces and names not just numbers. Social Network Building the first step to building a social network is identifying those on whom the project depends for success (Gray & Larson, 2006). And that's why employees at all the Houser Shoes stores are friendly and welcoming. Houser has a managing project reward system that assigns the leadership team the responsibility of managing the reward system that encourages stakeholder’s performance and extra efforts (Gray & Larson, 2006). The retail fashion industry is con-steadily changing, Houser...
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...UNIT 5: INDUSTRIAL DEVELOPMENT BUSINESS PLAN Set of documents prepared by a company’s management to review its operational and financial objectives for the future (usually one to three years) and to show how they will be achieved. It serves as a plan to guide the firm's policies and strategies, and is continually modified as conditions change and new opportunities and/or threats emerge. The business plan process is simply the steps you go through and actions you take when producing a business plan. In effect, it describes how you produce your business plan. While most people focus on the ‘final output’, i.e. the business plan itself, the business planning process is extremely important for entrepreneurs. PROCESS OF BUSINESS PLAN The process of producing a business plan forces entrepreneurs to examine areas of their business that typically may not be subject to much scrutiny. For example, entrepreneurs do not tend to routinely produce cash flow forecasts, so the requirement to produce one as part of the business planning process forces them to consider the impact of cash on their business. The business plan process typically begins with an event, be it the need to produce a business plan when seeking investment, or to obtain short-term financing from a bank. Once a business plan is needed, the entrepreneur has to then decide how they are going to go about producing the plan. They will need to undertake the following: 1. Decide who is going to write the plan (if not...
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...BUSINESS SIMULATIONS USA & Canada 877.477.8787 Outside USA & Canada +1.312.477.7200 WWW.CAPSIM.COM The Course Road Map Registration Getting Started Login with your User ID and Password at capsim.com. Click on Capstone. Go to Getting Started and follow the steps that include: » Reviewing the Rehearsal Tutorial » Opening the Capstone Spreadsheet » Forming your company Practice Rounds (if applicable) Competition Rounds When the Competition begins, your decisions count! Additional tasks could include: » Optional Homework Assignments » Peer Evaluations See your Dashboard for complete information. (if applicable) Go to capsim.com/register, follow the onscreen instructions and register into your Industry.* Create your User ID and Password. *Your instructor may have given you an Industry ID Number. If not, you can locate your industry by using your school name/campus and either the course section number, start date or your instructor’s initials. Most instructors include team Practice rounds. When the Practice is over, the simulation will restart from the beginning, using the unique model selected by your instructor. Your instructor might include a Comp-XM exam. Go to the Course Page and choose Comp-XM. Follow the instructions on the Dashboard which include: » Decision making using the Comp-XM Spreadsheet » Board Queries (quizzes) Table of Contents 1 1.1 1.2 1.3 1.4 1.5 1.6 introduction .................................................................
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...INTERNAL AUDIT PRINCIPLES The main and ancillary objectives of an internal audit The main objective of internal auditing is to assist members of executive and senior management in the effective discharge of their duties and responsibilities with regard to risk management, control and governance processes. To this end, the internal auditor furnishes them with analyses, appraisals, recommendations, counsel and information concerning the activities reviewed. The discovery of errors and fraud is the ancillary objective of internal auditing. The internal auditor as an adviser to members of the organization As an adviser, the internal auditor examines and reviews the activities of the organization in order to evaluate them with a view to furnishing members of the organization with advice, information and recommendations that will enable them to discharge their duties effectively. As an adviser, the internal auditor merely offers advice, gives information or makes recommendations. The ultimate decision whether or not to accept this advice or information or to implement these recommendations, therefore always rests with executive management. The internal audit activity should never possess the organizational power to force top executive management to accept the audit results. Management may decide to: 1. accept the auditor’s recommendations, in which case the internal auditor must ascertain that the corrective action taken is achieving the desired results, or ...
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