... in order to attract the best CEO for the job, pay levels have to match or rise above their competitors. If a company does not do this, they risk losing the best qualified individual for the job. CEO pay practice or policy that I consider ethical is the ability to identify non-financial metrics, such as ethical leadership, for assessing CEO performance and awarding incentive pay. CEO pay practice or policy that I consider to be unethical is purchase a company's stock at a fixed price. Works Cited Nguyen, S. (2011, August 22). Is High CEO Compensation Justified? Retrieved June 2012, from Economics: https://sites.google.com/site/simonspicks/economics/ishighceocompensationjustified Street, M. D. (2009, August 20). Taking Sides: Clashing Views in Management. 3. Retrieved May 2012, from VitalSource...
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...Existing ethical issues Peter Sullivan was a newly hired risk management analyst at a profitable investment banking firm. Less than two weeks after he joined the risk management team, his boss, Eric Dale, was laid-off by the upper senior managers of the company. As Dale was leaving, he passed on the project that he was working on to Sullivan, and noted him to “be careful”. While working past night, Sullivan learned of the company’s inevitable future predicament, in which the packets of shares that they hold for selling could result in a loss greater than the company’s current market capitalization value. Here, the question of whether to dump the shares, or to be honest with their buyers and sell at transparent price, is a serious ethical dilemma for the company. This is definitely an interesting situation where a single major ethical decision could push the entire company to the edge; leaving nothing but liquidation. Participants of the issues and their method There were two main characters in the movie with clashing views: Sam Rogers (head of risk management department) and John Tuld (CEO). John Tuld claimed that the company should make a maximum effort to sell all the shares at the false price, while Sam Rogers believed that this is not an ethically right act to pursue. Tuld used the incentive and culture approach to persuade his employees to turn to his side. The Wall Street culture, infamous for the concept of taking others down for survival, allowed the employees to morally...
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...KELLER GRADUATE SCHOOL OF MANAGEMENT OF DEVRY UNIVERSITY HEALTH SERVICES MANAGEMENT 542: HEALTH RIGHTS/RESPONSIBILITIES BY DR NELVA LEE HEALTH SERVICES MANAGEMENT 542: HEALTH RIGHTS/RESPONSIBILITIES BY DR NELVA LEE WEEK 5 - YOU DECIDE ASSIGNEMENT FEBRUARY 2015 The following facts have been brought to my attention as the new director of risk management at Little Falls Hospital: Lydia 45-year-old woman is a patient currently paralyzed and who only communicates through head nods since her car accident over six months ago. She is on life support with a ventilator for respiratory assistance and receives tube feedings. The hospital professionals are unsure if Lydia would be able to understand information regarding her health and making her own decisions. It is also reported that she has an advance directive, but no one has been able to secure a copy of the document. According to the Uniform Healthcare Decision Act, in absence of advance directive the family member who would be in priority to act as a surrogate is the patient spouse unless legally separated, and in this case Lydia’s four (4) years husband, Mr. Bevins would become her legal guardian. (National Conference of Commissioners on Uniform States Laws. 1994) The legal right to make the decisions about her health care on her behalf would be given to him. Mr. Bevins states that based on his different conversations with his wife about these type of issues, he knows that she would not...
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...and that is treading cautiously. Brain Imaging has come into light in the past decade or two that shows structural and functional deficiencies in the frontal and temporal lobes. These frontal and temporal lobes regulate aggression. Some say there is a gene some call the “warrior gene” which is aggressive. The actual name is MAOA. Some are using this as a defense when a person is being tried for a violent crime. Also research of violent and aggressive psychopathic individuals have proven that several biological markers do exist and these are; lowered heart rate, abnormal EEG, multiple abnormalities in right temporal lobes and greater abnormalities in left temporal lobes. Scientist have also discovered prefrontal damage encourages; risk taking, irresponsibility, rule-breaking, emotional and aggressive outburst, argumentative, violent criminal acts, loss of self-control, immaturity, lack of tact, inability to modify and inhibit behavior appropriately, poor social judgment and violence. Our genetics is a set of building blocks that dictate among other things how our brains are built, function and get wired together. Every thought, emotion or...
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...Ethical Issues in Management Whilst society is essentially based upon performance and profit, it is not unusual to find that ethical issues abound in the process of the performance review. Social, moral, and economic pressures can also influence the ethical issues which are bound up in the performance review. To further complicate matters, there are often legal aspects that have to be considered, along with the ethical issues, that are influenced by the social, moral, and economic pressures, that are all bound up in the process of the performance review. It is hardly surprising that most managers and supervisors dread this part of their job. The following will describe a workplace example of the performance review process, including two ethical issues faced by the managers, the social, moral, and economic pressures that could influence the ethical issues, and some legal aspects faced during this process. Performance Review Process The Company, a successful retail corporation, has a policy of annual reviews for in store hourly employees on their anniversary dates. The reviews are on preprinted forms with number scores ranging from 1-poor to 4-excellent in twenty-five different categories. Annual raises are based on performance and the Company does not have an annual cost of living raise. Most in store hourly employees, in position for more than four years, will reach a raise cap for the position and then only receive a $0.05 an hour raise unless they have an excellent score...
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...for her employee's health or mental capacity and only looking at what they can do for me now. Any Given Sunday When I sat down and watched Any Given Sunday director Oliver Stone really brought out the realism in the football world. In the sport of football you have people eyes glued to the game either by television or in person. You have men and woman young or old watching this sport as a gladiator going at each other like there is no tomorrow. Oliver Stone also shows all the sides in how the game has changed from a true sport into a cut throat business. Where players and the doctors don’t care whether they may be permanently injured as long as they can make extra money in the process. Which the move shows the team doctor Harvey Mandrake played by James Woods clearing defensive end Luther 'Shark' Lavay played by Lawrence Taylor to play. Dr. Harvey knows that if he gets hit or is hit could kill him or be brain dead from all the concussions he has received in his career. He does not mind taking that risk because the only thing he needs is to get his tackles in order for him to get his million dollars bonus. It shows how the game has been changed and molded by television, as we look at the sports announcers who really don’t seem to care about the game, only the ratings. It also shows the coaches and players who really do care about the game and its history with all the changes the game is going through. The movie starts right off with bone jarring hitting and...
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...Sarita Bocas HCS 325 November 9, 2015 Sandra Marken Effective Communication Paper Correspondence something we do each day, "characteristic" as a major aspect of our presence as people. People are social creatures, driven by a typical yearning to impart. In any case, to successfully convey in the working environment requires a sure level of reluctance, despite the fact that the procedure of correspondence may not appear to be something individuals need to chip away at, dissimilar to taking in another PC program. Like it or not in view of the anxiety of the workday, the undeniably differing American workforce, and the need to pass on complex data in straightforward terms, compelling relational abilities can and must be learned by all representatives, paying little mind to their position in the pecking order of the association. As indicated by expert etymologist and working environment specialized pro Jeff Harlig, data shortfall is one of the essential issues that happen and restrain working environment interchanges today. In spite of the fact that there is continuous exchange of 'data over-burden,' simply directors can accept that laborers have the same system of information as themselves. For instance, if an individual is showing somebody how to utilize a PC program, it is an easy win that the more the educator expect that the laborer has the same specialized mastery as him or herself, the less that specialist will have the capacity to repeat what he or she is being...
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...Introduction It all started in the early 1970’s, when two computer enthusiasts Bill Gates and Paul Allen sees personal computer is the key to the future. In 1975 they established their first company, Traf-O-Data, which sold mostly rudimentary computers that recorded and analyzed traffic data. Then after a year later Gates named their partnership as Micro-soft. In June 1980, Microsoft got their first break through, when IBM contracted Microsoft to develop languages for the PC operating system. Gates and Allen bought an existing operating system from Seattle Computer Products for $50,000, renamed it to Microsoft Disk-Operating System, and modified for IBM’s purpose. Before doing the job for IBM, they made an agreement that they can sell MS-DOS to other companies also. After a while, MS-DOS became the industry’s leading OS. After the successful of DOS, they continued to work on DOS to convert it to graphical user interface and it would work on top of DOS, making it user-friendly by working with icons rather than commands. They named their new operating system Windows, which was a huge success and it still being used around the Globe even today. By 2010, with more than 90,000 employees and anticipated year-end revenues of up to $38 billion, Microsoft continued to hold a strong lead in the computer software industry. Social Responsibility a. Since 1999, Microsoft has worked closely with the Office of the United Nations High Commissioner for Refugees to provide people...
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...Ethics Case Halliburton Plc. & Washington Inc.: The Power of Politics in Corporate Business Success As a general rule, correcting market failures is best left to the government. Businesses cannot be trusted to get it right, partly because they lack the wherewithal to frame intelligent policy in these areas.[i] Free-market economist Adam Smith (1723-1790) states that if self-interested people are left alone to seek their own economic advantage, the result, unintended by any one of them, will be greater advantage for all. He maintains that government interference is not necessary to protect the general welfare.[ii] MBA 8111 Business, Government, and Society Introduction Governments have become the black box for corporate business success around the world. This paper will discuss the close relationship between business and government, using Halliburton as main examples throughout the case. Halliburton has often been perceived negatively by the public and has become a favorite target by Democrats for critics about conflicts of interest, undue corporate influence, hidden motives, accounting fraud, bribery, bilking the government, tax evasion, and trading with rogue nations.[iii] Its name has become synonymous with political cronyism.[iv] The current U.S. Vice-President Dick Cheney, who previously held the CEO of Halliburton from 1995 to 2000, is criticized to facilitate the government contracts to be available to the company even though he...
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...| Peter F. Drucker is the management scholar. He is thought to be the establishing father of current management. Peter Drucker, whose life crossed the previous century (1909 – 2005), was an exceedingly instructed native of the world: an innovative soul who composed thirty-nine books including numerous fantastic chips away at business management. He was a man of numerous parts: a sharp eyewitness, a long lasting understudy, an educator, mentor of eminent corporate pioneers, and the organizer of an official school in Claremont, California, that bears his name. Peter Ferdinand Drucker was an author, management advisor and college teacher. His written work concentrated on management related writing. Peter Drucker made well known the term information specialist and is thought to have unknowingly introduced the learning economy, which viably challenges Karl Marx's reality perspective of the political economy. George Orwell credits Peter Drucker as one of the main journalists to foresee the German-Soviet Pact of 1939. Much has been said and composed of his accomplishments, but then there is a lesser-known side to Peter Drucker; that other side is the subject of this paper. He was hesitant about his own reasoning of life. He additionally emphatically protested being known as a ‘management master’ – a sobriquet frequently attached to him. As opposed to being a supplier of answers, Drucker constantly remained an examiner: his showing strategy was Socratic. What mattered most was the...
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...Exposing the Psychological: Fraudulent Actions in Accounting Kareem R. Nuru Savannah State University Abstract My study is about going through the mind of an fraudulent accountant and visualizing the process of committing this crime and why. By figuring out this process maybe businesses and corporations can have an early detection and prevent the fraudulent act before it destroys a company. Psychologically the mind of a human is set up in different ways that people cannot understand the motive of fraud. What if psychology is the key to figuring out questions that every company wonders? For instants, Why is accounting fraud happening? Where it usually happens? How can accounting fraud being done? What causes accountants to commit this action? When can companies detect accounting fraud? Keywords: Fraud, Detect, Prevention, Accounting, Fraudulent, Mind, Psychology, Crime Introduction Worries about fraud have been of down to earth noteworthiness for whatever length of time that composed records have been kept, and for sure may be a noteworthy purpose behind the advancement of composing and record keeping. A great part of the extortion writing begins with a recitation of scandalous bookkeeping and corporate outrages and cheats, and these regularly energize open intrigue and concern. Worry with misrepresentation and cubicle wrongdoing influences open trust in organizations as differing as securities exchanges, ...
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...Whistleblowing: Necessary Evil or Good Thing Maureen Haley University of North Carolina – Asheville April 16, 2014 This paper was prepared for Management 484-001, taught by Professor Donald D. Lisnerski Whistleblowing: Necessary Evil or Good Thing Is whistleblowing a necessary evil or good thing? Can whistleblowing be avoided? Can the whistleblower be protected? “A whistleblower is an employee who discovers corporate misconduct and chooses to bring it to the attention of others.”(Ghillyer, 2014) Whistleblowers can be viewed as providing a praiseworthy act or be severely labeled as informers who have breached the loyalty of their co-workers and company. Whistleblowing can be a service to the community and public. Whistleblowing can be ethical or unethical, and the whistleblower discovering corporate misconduct has the options to be an internal or an external whistleblower. Whistleblowing can save people’s lives. Dr. Jeffrey Wigand made the decision to go public with information that his employer Brown & Williamson (B&W) was manipulating the nicotine content, suppressed efforts to develop safer cigarettes, and lied about the addictive properties of nicotine. According to Sissela Bok, in the book Taking Sides: Clashing views in Business Ethics and Society, “not only is loyalty violated in whistleblowing, hierarchy as well is often opposed, since the whistleblower is not only a colleague but a subordinate. Though aware of the risks inherent in such disobedience...
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...When guests became migrants and workers pensioners Term paper for “International Culture Management” Winter Semester 2012 Introduction This paper is divided into three parts. The first section of the paper reports about the personal experience of different cultural backgrounds from the perspective of turkish and German people. It refers to the different cognition of both parties during the first migration wave. Further it deals with the issues of integration into German society and the failure which caused isolation into turkish community districts like Koeln-Mühlheim. Today, Turks represent about 4-5% of Germany’s total population. What does the word “guest workers” exactly mean? A guest worker is defined as “An individual with special permission to work on a temporary basis in another country when a shortage of labor is an issue” (Business dictionary, 2012). Everything started when the recruiting agreement was signed on the 31th of October in 1961 by Turkey and Germany. By this time, Germany faced the highest demand on labour in history. The ”economic miracle”, the rapid reconstruction and development of the economy of West Germany after World War II, lead to the highest demand on the labour market in german history. To the same time Turkey suffered under mass unemployment and a constant growth in population. The recruiting agreement between Turkey and Germany was the start for a large-scale immigration of guestworkers. The requirements for acceptance...
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...WEBSITE QUALITY EVALUATION FOR paytm.com The aim of this project is to evaluate the quality of Paytm.com. Website quality is how well a website is designed and how well the design meets the user’s satisfaction. Website quality could be measured from two perspectives: programmers and end users. The aspect of website quality from programmers focus on the degree of maintainability, security and functionality etc while the end-users are paying more attention to usability, efficiency, creditability, etc. Paytm.com is an online recharge website. URL WEB ADRESS IS www.paytm.com OFFICIAL PAYTM.COM HOMEPAGE In order to define the efficiency of this website, a set of website quality models is used to quantify it. QUALITY EVALUATION MODELS The characteristics of Paytm.com quality evaluation models include: * Functionality * Reliability * Usability * Efficiency * Maintainability * Portability These models are further sub grouped into accuracy, suitability, interoperability, confidentiality, availability, fault tolerance, security, ease of use, comprehensibility, level of communication, attractiveness, visibility, flexibility etc. as shown in the hierarchy below. Paytm.com was put to test with each factor in the image by specialists and end user’s. The table below shows the results of the test. USABILITY Efficiency | Paytm.com responds to the user in time | User-friendliness | The user interface capabilities of Paytm.com website provide a good supportive experience...
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...Table of Content 1 What is organic growth? 1 2 Why organic growth? 1 Preparing for organic growth 2 3 How organic grow 3 The models included 3 4 Growing pains in organic. 6 5 Transition in organic growth 7 6 Conclusion 8 7 References 9 What is organic growth? In growing process for entrepreneurial business, internal (organic) growth is one of the most important steps for a firm to sustain the growing process. Through the definition and research from Barringer and Ireland (2010), most of the entrepreneurial business use organic grow as their first main growth strategy, when it doesn’t rely on outside intervention. The rate of entrepreneur failure was also mentioned by Scott Shane (2008) that only 50% of the entrepreneur business still alive after the first 5 years. Thus focusing into internal growth would be a strong strategy not only for standing in the competitive market but also is a sustain way of growing for a company in the first step. Why organic growth? In entrepreneur business, the theories from Schumpeter (1962) about the competitive process of capitalism which was not created by timid elements of reducing price but the innovation and creative from inside the firm itself generated overall economic growth and development, have been attracting the attention from even modern economists. Also based on Schumpeter (1962) as the changes are the key factors for growing. A newly start-ups company are more dynamic and making changes...
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