...Profit-oriented. * Net profit is used as a basis of performance measurement. 2. Non-shariah compliant * Practice interest in business transactions 3. Distribution of wealth among shareholders. * Shareholders are the owner of the company. | 1. Zakat-oriented. * Payment of Zakat is used as a basis of performance measurement. 2. Shariah compliant * Riba’-free system and according to Qur’an and Hadith 3. Distribution of wealth among stakeholders and the society through zakat. * Stakeholders are all the people that have direct or indirect interest towards the well-being of the company. * Through zakat, companies can help in solving contemporary Ummah’s (society) problems. | (Article 4, Page 84-86) b) Corporate social responsibility (CSR) reporting is increasingly important...
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...are exercising corporate powers in society in the best ways possible. Timberland has indeed involved multiple stakeholders in its business operations. It started as a donation on fifty pairs of boots from CEO Jeff Swartz and a few hours of community service. Swartz got the customers and communities involved, and the support for City Year grew to over ten million dollars. Both the CEO and the customers are considered stakeholders, thus we see multiple stakeholders were involved. 2) Has Timberland balanced its economic and social responsibilities through its various programs, such the Path to Service program and sustainability goals? Are the company’s programs examples of enlightened self-interest? Yes, Timberland has balanced their economic and social responsibilities. By remaining profitable, Timberland fulfills its economic responsibilities and through the Path to Service program and the sustainability goals project they have fulfilled their social responsibilities. Through the article we don’t see anything mentioned about Timberland’s charity projects being of self-interest until the very end of Swartz’s quote where he says “While we are absolutely accountable to our shareholders, we also recognize and accept our responsibly to share our strength—to work, in context of...
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...cohesion and get to know each other better. After the organization implemented volunteering as a company-wide team building exercise, the focus became task oriented team building. This form of team building helped increase the team’s motivation to accomplish organizational goals by developing a positive self-concept of the team and organization. Volunteering team building also helps teams focus on performing task that are related to organizational goals because they learn to rely on each other and to work together to accomplish these goals. Good – these events require coordination & communication, which helps to improve relations among the team members. Question 2: Explain how the corporate social responsibility element of volunteering contributes to team building? The corporate social responsibility element of volunteering activities contributes to team building by: Developing team cohesion which strengthens trust within team building by identifying a common bond; attraction to the team and feeling of team pride; team members can...
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...health of our population. Some companies are making social responsibility the core of their operations for example: Ben and Jerry's uses only fair trade ingredients and has developed a dairy farm sustainability program in its home state of Vermont. Starbucks has created its C.A.F.E. Practices guidelines, which are designed to ensure the company sources sustainably grown and processed coffee by evaluating the economic, social and environmental aspects of coffee production and Tom's Shoes donates one pair of shoes to a child in need for every pair a customer purchases. ("What Is Corporate Social Responsibility?" 2015). Social responsibility involves participating in initiatives that benefit our society. This is very important in order to remain successful in any business. Today’s consumers are very active in society and care about a business social awareness whether it be environmental, philanthropy, ethical issues or labor practices. According to "Cdc" (2008) The CDC has a social responsibility in the community to increase diversity, foster a collaborative environment, and implement a civil rights and diversity programs. They also have a responsibility to increase knowledge and awareness of all Americans to the importance of the Agency's public health mission and to promote community service and volunteerism. Reference CDC. (2008). Retrieved from http://www.cdc.gov/news/2008/01/King_Center.htm What is Corporate Social Responsibility?. (2015). Retrieved from...
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...Definition Corporate Social Responsibility (CSR), also referred to as corporate citizenship or socially responsible business, is a form of corporate self-regulation integrated into a business model. CSR is movement aimed at encouraging companies to be more aware of the impact of their business on the rest of society, including their own stakeholders and the environment. It is a business approach that contributes to sustainable development by delivering economic, social and environmental benefits for all stakeholders. Simply put, CSR is a business concern for the welfare of the society or a company’s sense of obligation towards the social and physical environment in which it operates. CSR is a very broad concept that addresses many and various...
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...Assignments and Exercises CONTACT INFORMATION: Stephen Haag (shaag@du.edu) STUDENT LEARNING OUTCOMES 1. Define management information systems (MIS) and describe the three important organizational resources within it – people, information, and information technology. 2. Describe how to use break-even analysis to assess the financial impact of information technology. 3. Describe how to use Porter’s Five Forces Model to evaluate the relative attractiveness of and competitive pressures in an industry. 4. Compare and contrast Porter’s three generic strategies and the run-grow-transform framework as approaches to the development of business strategy. CHAPTER SUMMARY This chapter serves two primary purposes. First the chapter introduces your students to the broad notion of management information systems within an organization and the three key resources on which MIS focuses – people, information, and information technology. Second, the chapter jumps right into the process of appropriately selecting which technologies to use based on the industry in which your organization operates, the identified business strategies for competing in that industry, and how to assess the impact of technology. The primary sections of this chapter include: 1. MIS Resource #1: Information 2. MIS Resource #2: People 3. MIS Resource #3: Information Technology 4. Financial Impact of IT: Break-Even Analysis 5. Industry Impact of IT: Porter’s Five Forces Model 6. Strategy Impact...
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...ISAS 640 9040 – Decision Support Systems and Expert Systems Dr. Ashraf Shirani Literature Review for Group 1 Group Members: Leslie Allen Joe Nimely Oluranti Odofin Gary Turner The topic for the research paper will be business intelligence, most specifically the impact on privacy. The data gathered through various business intelligence technologies, while it may not be personally identifiable information such as name and/or social security number, the data provided to businesses gives them a greater insight into consumer behavior. This provides the businesses with information to leverage additional sales and services. Businesses gather all kinds of data on consumers, often sharing with other related competitors, to obtain a better view of the consumer behavior, including trends and associations. The information obtained through business intelligence may or may not be personally identifiable, it may still be sensitive in nature. Does it cross the line ethically? Are there other techniques to gather this information while maintaining privacy for the consumer? In this paper, the ethical issues of privacy on business intelligence will be explored to determine if the business intelligence outweighs the intrusion on privacy. Key concepts in this review include privacy, big data analytics, business intelligence, ethical awareness framework, data mining, hackers, and the Organization of Economic Cooperation and Development (OECD) guidelines. Data mining is discovering...
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...Code of Ethics Analysis LANCELOT PALMER HSM/230 February 8, 2015 MICHELE LEADER Code of Ethics Analysis I that the NASW code of ethics sufficiently covers the many areas where a human service worker could possible face any ethical dilemma. The guidelines laid out in the code provides adequate materials and information for training and coaching of new and present employees. The code covers all the areas, from the duty and responsibility of accepting employment in the field Manning, S. S. (2007) pp294. To the termination of service Manning, S. S. (2007) pp289. It gives clear instructions on how workers should conduct themselves and how they should relate to clients, coworkers and supervisors. In terms of my dilemma of presenting all the options to the client even if it goes against my personal beliefs system. The NASW code of ethics states “Social workers should be alert to and avoid conflicts of interest that interfere with the exercise of professional discretion and impartial judgment.”(p284) This covers any personal ethical dilemma any worker may face as the first obligation is to the client. The code notes that conflicts will arise and it is the duty of the worker to be alert and avoid the conflicts and to do so in an impartial manner. Although I think the NASW code of ethics is complete and efficient in the administering of guidelines to the human services industry, I think it is still necessary to evaluate it from time to time, as things and laws change. Amendments...
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...Figure 1: management decision making levels. 3. Value of Management Information System to companies The role of the MIS in an organization can be compared to the role of heart in the body. The information is the blood that is pumped by MIS which is the heart. In the body the heart plays the role of giving pure blood to all the elements of the body including the brain. The MIS plays exactly the same role in the organization. The system makes sure that relevant data is collected from the various sources, processed, and sent further to all the needy destinations. The system is expected to please the information wanted of an individual, a collective of individuals, the management functionaries: the managers and the top management. The MIS assist the clerical personnel in the transaction processing and answer their problems on the data pertaining to the transaction, the status of a particular record and references on a variety of documents. The MIS assist the middle management in short them planning, target setting and controlling the business functions. It is anchored by the use of the management tools of planning and...
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...MAN 5266 – 1 Management of Professionals Week 05 Case 8.1: The (Mis) Behavior of Successful CEOs Leads to Their Departures Wilfredo C. Ilagan Everest University Online Abstract This paper is an analysis of a real world case as it relates to the learning about managing misbehavior. The Case 8.1, “The (Mis) Behavior of Successful CEOs Leads to Their Departures,” requires answers to the following questions: • “To what degree do you believe the behaviors of the featured CEOs constituted "misbehavior" and that reactions of the boards were correct?” (Ivancevich, J.M., Konopaske, R., & Matteson, M.T., 2014). • “If you were on a board of directors, what factors would you consider in the selection of a CEO to limit the potential of this type of misbehavior?” (Ivancevich, et al, 2014). • All three of the CEOs in the case were given large severance packages. What message does this send to future CEOs of these companies? If you were on the board of directors, would you endorse such severance packages? What is the cost of not granting a competitive severance package? (Ivancevich, et al, 2014). The (Mis) Behavior of Successful CEOs To what degree do you believe the behaviors of the featured CEOs constituted "misbehavior" and that reactions of the boards were correct? Harry Stonecipher The reaction of the Boeing’s board of directors against his “misbehavior” is a sign of a senior management that has no tolerance for any...
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...Management Information System 2 Marks UNIT 1 MIS Introduction 1. Data: Raw facts such as an employee’s name and number of hours worked in a week, inventory part numbers or sales orders. Information: A collection of facts organized in such a way that they have additional value beyond the value of the facts themselves. Data Information Salesperson: J. Jones Sales Territory: Western Region. Current Sales: $147,000 Units = 147 Salesperson: J. Jones Sales Territory: Western Region. Current Sales: $147,000 Units = 147 Data Processing Data Processing $35,000 12 Units $12,000 J. Jones Western Region $100,000 100 Units 35 Units $35,000 12 Units $12,000 J. Jones Western Region $100,000 100 Units 35 Units 2. Management information systems: Def 1: Information system at the management level of an organization that serves the functions of planning, controlling, and decision making by providing routine summary and exception reports. Def 2: MIS provide information in the form of pre-specified reports and displays to support business decision making. Examples: sales analysis, production performance and cost trend reporting systems. Objectives: * Routine information for routine decisions * Operational efficiency * Use transaction data as main input * Databases integrate MIS in different functional areas. 3. Describe three levels of information in managerial level Management Support Systems provide information and support...
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...Organisational Behaviour 1. Definition of OB 2. Historical Perspectives of OB 3. OB in the Managerial Context 4. Importance of Ethics 5. Five sources of OB MGMT641_S1_2015_JLarkin MGMT641_S1_2015_JLarkin What is OB? • An interdisciplinary field dedicated to better understanding and managing people at work • Why study OB? – To interact more effectively with others in organizations – People skills complement technical skills MGMT641_S1_2015_JLarkin • • • • Human Relations Movement The Quality Movement E-Business Revolution Human and Social Capital History of Organizational Behaviour MGMT641_S1_2015_JLarkin Management • Process of working with and through others to achieve organizational objectives efficiently and ethically • What skills are exhibited by an effective manager? • 21st Century managers have to play chess, not checkers MGMT641_S1_2015_JLarkin Evolution of 21st-Century Managers Primary Role Cultural Orientation Source of influence View of people Decision-making style Ethical considerations Past Managers Monocultural, monolingual Formal authority Potential problem Limited input for individual decisions Afterthought Future Managers Multicultural, multilingual Technical knowledge and interpersonal skill Primary resource; human capital Broad-based input for joint decisions Forethought MGMT641_S1_2015_JLarkin 1 The Ethics Challenge “In the Post Enron, post-bubble world, there’s a yearning for corporate values that reach higher than the size...
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...Evolution of Business Ethics Introduction In any business, decisions must be made to ensure that a business entity or firm is conformity with its vision as well as mission. Most of decisions made by businesses are tailored toward wealth maximization of the firm which ensures that there is continuity production and operation of the entity. It is clear that most if not all businesses want to make profits, however, it is undeniable too that businesses must also be socially responsible to their environment which in this case involves consumers, sellers, lenders, the government and the entire community at large (Ferrell, Fraedrich & Ferrell, 2011). For a business to be able to accept its social responsibility, then the application of business ethics must be applied. Business ethics is considered to be the accepted norms or set standards that determine what is right and wrong in the context of a business organization. Therefore, this paper will summarize the development of business ethics over the past thousand years and describe the major changes that led to the focus of business ethics. In addition, the paper will illustrate how these changes impact business practices and compare them with my personal values that have evolved over time. Development of Business Ethics over the decades The origin of business ethics can be traced back during the time of business development, this goes back before 18th century, like any other personal values and norms, ethics in business has been...
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...Effective Communications Paper HCS/325 Ahkeda Holland August 15, 2012 Communication is an imperative social contact source for any thriving organization. Communication should be one of the main foundations on building a strong operational business. Communication is not only imperative to the employees but to the consumers of the organization whom are dependent on the staffs communication while receiving services. Without effective communication between staff, consumers’ lives and health could become at risk when the possibility of errors arise. Organizational structure is one of the most efficient methods for allocation of relevant information. A prim structure is vital to authorize alliances of the organization to communicate awareness with the staff and other operations with the establishment. The separation of an organization for functional structure can builds on excellent rewards, when effective information is used effectively within a department assigning tasks with the skill and gained knowledge of each department of the establishment. Each alliance of the structure shares the information and applies teamwork with every department to provide logical skills when approaching conflict. Social networking within an organization has become effective with providing information and this technique is also developing effective communication from one organization to the next. By providing monthly, weekly, and sometimes daily memo updates for the staff and consumers keeps...
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...Management Information Systems MANAGING THE DIGITAL FIRM Kenneth C. Laudon New York University f Jane P. Laudon Azimuth Information Systems PEARSON feerttifie tall Pearson Education International Brief Contents Part One Chapter 1 Chapter 2 Chapter 3 Chapter 4 Part One Project Organizations, Management, and the Networked Enterprise 1 Information Systems in Global Business Today 2 Global E-Business: How Businesses Use Information Systems 38 Information Systems, Organizations, and Strategy 80 Ethical and Social Issues in Information Systems 124 Analyzing Business Processes for an Enterprise System 165 Part Two Chapter 5 Chapter 6 Chapter 7 Chapter 8 Part Two Project Information Technology Infrastructure 167 IT Infrastructure and Emerging Technologies 168 Foundations of Business Intelligence: Databases and Information Management 222 Telecommunications, the Internet, and Wireless Technology 260 Securing Information Systems 312 Creating a New Internet Business 351 Part Three Chapter 9 Chapter 10 Chapter 11 Chapter 12 Part Three Project Key System Applications for the Digital Age 353 Achieving Operational Excellence and Customer Intimacy: Enterprise Applications 354 E-Commerce: Digital Markets, Digital Goods 388 Managing Knowledge 428 Enhancing Decision Making 470 Designing an Enterprise Information Portal 508 Part Four Chapter 13 Chapter 14 Chapter 15 Part Four Project Building and Managing Systems 509 Building Systems 510 Project Management:...
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