... |Rifat Jahan |136 | |05 |Shayala Yesmin |160 | LETTER OF TRANSMITTAL October 30, 2010 IMRANA YASMIN Assistant Professor Dept. of Marketing University of Dhaka Subject: Letter regarding submission of Term Paper on HRM Dear Madam, It’s a great pleasure for us to have the opportunity to submit a report on ‘HUMAN RESOURE MANAGEMENT’ which had been a great experience for us to work with such a practical issue & to have the opportunity to know about the link between national culture, organizational culture, and values that determine behavior and decisions in organizations. It also helped us to know the different legal and ethical issues, different aspects of ethical conduct etc. We tried utmost to make & let it look like a professional one. Any shortcomings are expected to have a kind view for our...
Words: 1769 - Pages: 8
...Ethical Issues in Business MBA 682 Jurtyne R. Youngblood May 10, 2014 When it comes to business many say business and ethics shouldn’t even be put together in the same phrase. Many believe that there just isn’t any ethics when it comes to business. “Neither young managers nor consumers believe top executives are doing a good job of establishing high ethical standards” (Bateman & Snell, p. 159). Recently Toyota’s announced a recall because of a technical fix for its sticky gas pedals, which could lead to sudden acceleration problems. This issue have their sales and production on hold for their top selling cars in the United Stated. Toyota can face billions in charges and losses. Many believe that Toyota was trying to keep up with numbers and stop providing quality. The growth of the Toyota car was going very fast and to keep up with the demand may have push the industry a little too far too fast. “The evidence that Toyota was expanding too much and too quickly started surfacing a couple of years ago. Not on the company's bottom line, but on its car-quality ratings,” writes Paul Ingrassia, a Pulitzer Prize-winning former Detroit bureau chief for The Wall Street Journal. (Connor, 2010). Toyota was trying to keep up with the demand so much to increase profits across the board they didn’t want to discredit the image of their business when the problem first arise. According to Ruddell “one of the reasons that businesses are tempted to act unethically is because...
Words: 1413 - Pages: 6
...Sunshine State Medical Billing Service Legal Issues in Business BUSI 561-D05 LUO 12/16/2011 This paper explores the legal challenges faced when forming and operating the Sunshine State Medical Billing Service. The legal issues surrounding the business will be analyzed using a business law perspective, as well as a Christian worldview. This legal business plan was prepared by Karri-Marie Baskin, Suzanne Ludikhuize, Renada Manning, Susan Schaeffer, and Dixie Wallace. Executive Summary Sunshine State Medical Billing Service’s physical location is in Tampa, Florida. Because the billing company utilizes the internet, it is able to provide services to many doctor’s offices across the United States. Sunshine State Medical Billing Service selected the Tampa site for several reasons: Low corporate and unemployment taxes, no individual income tax, large hiring base and new business incentive programs. http://www.tampaedc.com/site-selection/business-incentive.aspx; http://money.usnew.com/money/business-economy/small-business/articles/2009/01/06 Sunshine State Medical Billing Service offers the best streamlined billing service via the latest technology in the nation. Our clients are licensed doctors, who choose to use an outside billing company to act as their agent to bill and collect fees due them for services rendered. While there is a growing trend of medical billing services being offered as a home business, our clients can be assured that all of our employees are...
Words: 8372 - Pages: 34
...Business Communication Issues The global marketplace creates many opportunities for business development, but ineffective communication that comes along, both internal and external, can harm employees, customers, and stockholders. Therefore, when conducting business globally, it is important to understand the barriers to effective communication and know how to overcome them. Based on different objectives, we can identify these business communication issues from three dimensions. In the case of multinational corporations, the first barrier exists in the multi-level communication between headquarters and the overseas branch. With limits or no authorization in making big decisions, the branch has to report to headquarters and make requests for approvals before implementations. However, the information has to be passed through many more layers than in a local business during the procedure, which inevitably affects the efficiency of communication. Amazon, whose market value surpassed the U.S. nation's largest retailer Walmart in July 2015, has never performed as shiningly in China as it does in the U.S. Left behind by Taobao and JD.com, the leading businesses in China’s C2C and B2C area, respectively, Amazon’s market share kept slipping in recent years. Steve Frazier, Amazon’s ex-CEO in China, attributed the reasons to the very limited decision-making power that the China management team has, and the redundant layers of hierarchy that result in ineffective communications with the...
Words: 718 - Pages: 3
...This paper will discuss Ethical Issues in Business and the behavior of the business world. Rigorously, the question of Ethical behavior is raised in the private and federal sectors (more in the private sector when dealing with organizations, businesses, and corporations) and to the extent of the contain that involves this kind of behavior. Ethics is a strong topic that can be discussed in some great length without reaching any kind of consensus stateside or abroad. However I will give some insight on the issues of corporate ethic’s and federal behavior. The responsibilities and objectives of the businesses will be observed, as well as the ethical obligations of the federal sector. One of the major issues that corporations have in the private sector is over reporting and under reporting of net income. Management in the corporate world seeks to show that every quarter the net income of business has grown. The way this is done is by adopting unethical means and illegal means in the operations of financial reporting. One such way this is done in the private sector is in the use of stock options for employees that enable private sector companies to take employment cost off balance sheet and inflate earning. Corporation’s when making decisions must be held to ethical standard as well as a technical or commercial standard. Corporation’s board members must govern the Ethical behavior of its C-level, upper, middle, lower management, and especially its accountant’s...
Words: 1003 - Pages: 5
...Ethical Issues In Business In defining the meaning of business ethics both words need to be examined. Understanding ethics can be regarded as the morals and values a person was taught or experienced in growing up. Ethics can be thought of as a code of conduct that is used in relationships and interactions with others. It is abiding by laws and principles that has set a standard by our society. It seems to be a personal decision that is very much depended on an individual’s thoughts for what they feel is right or just. Even with knowing what the right thing to do is, it may not be the best thing for the situation or a person may not feel that it is the best. It may very well be the hardest thing to do, but still the right thing to do and quite often people decide to do what’s easiest. The norms of our society can also be a deciding factor to ethical decisions especially when clear boundaries are not established. Business ethics are what define a company to its customers, its employees, to the vendors doing business with them, to the community agencies and in all business relationships. Even though basic laws, guidelines, and rules are established to operate a business with those confines, the ethical code that is enforced is what makes the business successful. If the company values are viewed as fair and just with a willingness to provide its services and products in a manner that is considerate of all its business associates, then trust and confidence is quickly strengthen...
Words: 769 - Pages: 4
...Report Two: Global Business Issues Abstract As a group we were posed with the task of addressing six different issues using ten different articles from Business week and five sources of peer reviewed articles. The first issue that we addressed was Global Self-Awareness which is “the continuum through which students develop a mature, integrated identity with a systemic understanding of the interrelationships among the self, local and global communities, and the natural and physical world.” The next issue addressed was Perspective which is “Taking the continuum through which students develop a mature, integrated identity with a systemic understanding of the interrelationships among the self, local and global communities, and the natural and physical world. Another issue we addressed was Cultural Diversity which is “the ability to recognize the origins and influences of one’s own cultural heritage along with its limitations in providing all that one needs to know in the world.” The next issue talked about was Personal and Social Responsibility which is “the ability to recognize one’s responsibilities to society-locally, nationally, and globally- and to develop a perspective on ethical and power relations both across the globe and within individual societies.” The next topic discussed was Understanding Global Systems which is “the complex and overlapping worldwide systems, including natural systems and human systems, which operate in observable patterns and often are affected...
Words: 3208 - Pages: 13
...General Motors Corporation and The Environment Module: Environmental Issues (BC215013S) Academic Year: 2010/11 Semester/Trimester: 2 Student ID: 0916657 1. Executive Summary The report comprises the following sections which discuss the connection between General Motors (GM) as a major car manufacturer, and the environmental issues and policies that concern the company: * Environmental legislation affecting GM is outlined. * The internal and external drivers of GMs policies are analysed. * The policies themselves are discussed. * Recommendations and conclusions relevant to the future of environmental protection from the automobile industry’s point of view are made. Contents 1. Executive Summary 2 2. Introduction 4 3. General Motors 4 4. Main Legislation (International, National and Local) Affecting General Motors 4 5. Analysis of the Main Drivers of GM Environmental Policy 9 5.1. Internal and External Drivers 10 6. General Motors Environmental policies 11 7. Analysis of General Motors Environmental Policies 12 7.1. Specific 13 7.2. Measurable 13 7.3. Achievable 14 7.4. Realistic 14 7.5. Timely 15 8. Recommendations 15 9. Conclusions 16 10. Table of Figures 18 11. List of Tables 18 12. List of References 18 13. Bibliography 20 2. Introduction This report investigates and analyse the impact of General Motors (GM) on the environment, the company’s...
Words: 5931 - Pages: 24
...Case Analysis, Week 2 Scott Tsai Global Issues in Business 3/16/2013 Professor Brandon Hamilton Devry University Abstract The following is based on my responses regarding case analysis on Chapter 2 Case Analysis of the text book. Case Analysis: Chapter 5, Question 6 (a, b, and c), pages 194 and 176. 1. Summary a. In this section, you should summarize the case in one paragraph. The idea of achieving cost-saving among Corporate America is taking shape in the form of job outsourcing from blue collar to white collar – It used to be that jobs going overseas are based from the manufacturing sector, but now the CEO’s are taking the type of outsourcing to the next level in the service and high-tech sector, meaning software and various design engineers can be outsourced overseas and cut their overhead expenditure by 15%. This has been costing the host country’s availability of skilled jobs in the years to come. 2. Questions a. Number each question. Each specific question under the numbered Case Discussion Questions should be a paragraph in length because many Case Discussion Questions contain more than one question. Be sure to restate each question before answering it. b. Apply the concepts from the appropriate chapters in your answers. Chapter 6: a. Who benefits from the outsourcing of skilled white-collar jobs to developing nations? Who are the losers? At the expense of American white-collar jobs, the ones who stand to benefit from outsourcing are...
Words: 731 - Pages: 3
...raise any moral issues? What are they? What would an ethical relativist say about dumping? At times a company is unable to sell their products because it may cause harm to people or the environment. When a product has been determined by the government to be unsafe and illegal to sell, the manufacturer needs to find a way to dispose of it. This is when dumping occurs. Dumping is the exporting of goods at prices lower than the home market prices. It occurs when manufacturers export a product to another country at a price either below the price charged in its home market or below its cost of production. These overseas countries generally do not have qualified health safety standards. Since dumping involves substantial export volumes of a product, it financially affects the manufacturers of the importing country. This is the case with the Tris-impregnated pajamas. The U.S. Consumer Product Safety Commission found that the pajamas contained a flame-retardant chemical Tris, which had been found to cause kidney cancer in children. Because of its toxicity, the sleepwear couldn’t even be thrown away, let alone sold (Barry, Shaw 29). But the pajamas were exported to other countries at 10 to 30 percent of the normal wholesale price. This however is not the only case of dumping. There were also 450,000 baby pacifiers that were exported for sale overseas because they were found to cause deaths in choking babies in the United States. Dumping definitely raises moral issues. Under the world...
Words: 4631 - Pages: 19
...Business Law Sole proprietorship, is referred to as owning your own business entity and more or similar, sole proprietor and business owner are same. There is no legal distinction between the two; the business legal name is the same as the owners. However the business owner may obtain and conduct business under a fictitious name by filing a DBA also known as ‘doing business as’. The merits associated with sole proprietorship are: • Liability: The sole proprietorship while offering own complete autonomy, it also burdens the responsible person with unlimited accountability. The lack of distinction between the business and the owner leaves a little room for financial and or legal protection. In short, whole responsibilities for all debts and legal commitments are entirely directed to the business owner. In addition, as such creditors may seek recourse against personal assets. • Income taxes: The sole proprietor runs his own business being taxed as a whole element and form 1040 along and accompanying schedule C (profit or loss) from a particular business or owned profession.. Moreover, whatever profits the organization gains, are supposed to be personal income for the proprietor with no other division made on that and neither there is any federal income tax accountability for the owner. According to Gordon (1994-96), this is called as “pass-through taxation”. (p. 270). • Longevity: The sole proprietorship may only continue as long as the owner is alive unless specific instructions...
Words: 2504 - Pages: 11
...Introduction Value Added Tax is one of the most important sources of tax revenues in Bangladesh. Since its introduction in 1991, VAT is one of the most effective and efficient tools in resource mobilization. Value Added Tax has emerged as a principal instrument of taxing domestic consumption world wide during last four decades. It is now in operation in more than 130 Countries. Value added tax is a primary source of tax revenue in many European and other developed countries. Its importance is also increasing in the developing countries because of its effectiveness in mobilizing local resources. VAT proves to be an efficient tool for revenue collection; its performance, therefore, has direct impact on fiscal mobilization, macroeconomic stability, and development. The basic advantages of Value Added Tax can be stated as its neutrality, tranparency, certainty and self policing mechanism. Customs is an Authority or agency in a country responsible for collecting and safeguarding customs duties and for controlling the flow of goods including animals, personal effects and hazardous items in and out of a country. Depending on local legislation and regulations, the import and export of some goods may be restricted or forbidden, and the customs agency enforces these rules. Customs duty synonyms of tariff and involves a tax on commodities entering and leaving the country. In Bangladesh the levy and chargeability of customs duty are governed by the Customs Act 1969. Objective...
Words: 5106 - Pages: 21
...Ethical Issues in Business Nathaniel Andrews Langston University November 14, 2011 Ethical Issues In Business Ethics and moral obligation are something that we all encounter at one time or another. Even in a professional setting, all persons should act in a manner that would uphold the good of society. Why is it that good, ethical and moral behavior is not always adhered to? Is it because some people do not understand ethics and what it means to be ethical? To be ethical, one has to decide between right and wrong, determine what is for the betterment of society and act accordingly. Ethics have three basic criteria that must be met obligations, moral ideas, and consequences. Businesses have their own code of ethics and the individuals within that business have to determine whether or not they will follow that code of ethics. Ethical behavior in business is consistent with the principles, norms, and standards of business practice that have been agreed upon by society. At times, however, an individual decides to go against the code of ethical behavior for personal gain. The term patent usually refers to an exclusive right granted to anyone who invents any new, useful, and non-obvious process, machine, article of manufacture, or composition of matter, or any new and useful improvement thereof, and claims that right in a formal patent application. The additional qualification utility patent is used in the United States to distinguish it from other types of patents (e.g. design...
Words: 4965 - Pages: 20
...Module 1 - The Accoutant As Strategic Business Adviser The Need For Advice 1.4 (9 issues small business entrepreneurs seek advice about - business structure, IP, liability, regulation, contracts, etc) 1.4 (Malach, Robinson & Radcliff 2006) 1.4 (business efficiency & productivity, management information systems, risk management & internal controls) 1.5 (strategic level - selecting appropriate growth strategies, identifying new products and markets, etc) 1.5 (the need for advice variety of reasons - consider the demand for advice arises) 1.5 (Xiao & Fu 2009) 1.5 Table 1.1 - Characteristics Of Different Sized Organisations 1.6 (SE MSE LE - organisation, strategy, customer/community, financial, governance, work force, IT processes) 1.6 Requests For Advice: Operational - Srategic - Global 1.7 (improving operational performance, greater strategic role, globally relevant issues) 1.7 Example 1.1: A Busniess Dilemma 1.7 Counterpoint (opposing arguement, soft skills, first: make the right decision about the services they perform - second:) 1.7 Providing And Implementing Advice (technical skills, soft skills) 1.8 Figure 1.1 - Providing Business Advisory Services 1.8 (issue, requirement, request, investigation, advice, decision, implementation) 1.8 (recommend actions should be well supported, identify key stakeholders) 1.9 Figure 1.2 - The Chain Of Events For Business Advisory Services) 1.9 Example 1.2: Succession Plan - Please Help 1.9 ...
Words: 7475 - Pages: 30
...2. Ethical Issues in Business. It seems that every day in the news we are hearing of new company that has acted at least unethically and possibly illegally in the operation and financial reporting of their company's business dealings. There are many ethical issues in business. One major issue that we see is over and under reporting net income. Companies like to show that every quarter the net income of the business has an increase or profit. In order to show this they adopt unethical or illegal means in the operation and financial reporting. One such method is the indiscriminate use of stock options for employees that enable companies to take employment costs off balance sheet and inflate earnings. With the recent ethical issues we have had companies over the years it is important that we pay close attention to financial reporting provided by companies. This method will reduce the equilibrium price and increase equilibrium quantity for this company's products and services. The reason for this is that the wage is bill is shown lower than what it actually is. This causes the supply curve to shift to the right. With an increase in supply, if the firm is a monopoly/oligopoly/monopolistic competition, there will be a decline in the price of the product of the firm. In case the firm is operating in perfect competition, there will only be an increase in the quantity the company sells in the market. The scenario described above indicates that there is a shift in the supply curve...
Words: 955 - Pages: 4
