...Toshiba CSR Audit: The Relationship between Japanese Corporate Governance and Toshiba’s Accounting Scandal Ryan Shane West Chester University MGT 313-08 Dr. Fisher March 15th, 2016 Table of Contents Introduction……………………………………………………………………………...……………………………………………………………3 CSR Analysis…………………………………..…………………….…………………………………………………………………………………4 Stakeholder Analysis………………..………….…………………………………………………………………………………………………5 Consumer Analysis…………………….…………………………………………………………………………......................5 Shareholder Analysis……………...…………………………………………………………………………………………………6 Employee Analysis…………………….……………………………………………………………………………………………...7 Executive Management Analysis……………..………………………………………………………………………………..7 Role of Government, Business & Society...…………….………………………………………………………………………………8 Role of Government……………….….……………………………………………………………………………………………..9 Role of Business………………….………………………………………………………………………………………..…………..9 Role of Society…………………….……...………………………………………………………………………………………….10 Conclusion…………………………………………………………………………………………………………………………………………….11 References……………………………………….……………………………………………………………………………………………………13 Toshiba Inc. is a Japanese multinational conglomerate that is considered one of the world’s leaders in information technology (Toshiba). In July of 2015, CEO Hisao Tanaka stepped down in light of the findings that Toshiba had been overstating its earnings for the past seven years by over $1.2 billion USD (Investopedia 2015). This scandal began in 2008 after the financial...
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...DIPLOMA IN BUSINESS (Advanced) - LEVEL 7 ------------------------------------------------- Strategic Management – SM 701 ------------------------------------------------- Lecturer – Armin Wartanian Strategic Management Report for Toshiba GROUP 9 Group members: ID # Mozammel Hossain Forhad 1405047 Jaskaranvir Singh 1404037 Moni Abraham 1412202 Moti Chambakattil preman 1406018 Ravi Teja Erukula 1405026 Issue Date: 13 January 2015 Hand in Date: 19 February 2015 Word count: Executive Summary The importance of this research is to find and evaluate SWOT analysis of Toshiba and can plan on how to improve its current market situation and how to increase the sales of current products compare to competitors. Company is still struggling for selling their Mobile and Storage device and some other products. Our research is based on their financial sector, Sales and distribution, technological sector, Marketing Department and Management department. Most of the cases they are doing well specially LCD TV and Home Appliance sector. And they have a huge opportunity to do well in health care product. Still they have some problems of after sales services. In SWOT...
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...------------------------------------------------- Top of Form * * * Bottom of Form * computers & tablets * tvs & electronics * hard drives & storage * accessories * special offers * support Toshiba recommends Windows. Computers & Tablets » Laptops » Satellite » M640 » Share on google_follow Share on facebook Share on twitter Share on email More Sharing Services 0 Satellite M645-S4048 Laptop Average Customer Rating: * * * * * * * * * * * Specs * Customer Reviews PRINT DOWNLOAD Performance Processor* Intel® Core™ i5-450M processor Operating System* Windows 7 Home Premium (64-bit) Graphics Engine* Mobile Intel® HD Graphics Graphics Memory* 64MB-1696MB dynamically allocated shared graphics memory Memory and Storage Memory* 4GB DDR3 memory Hard Drive* 500GB HDD (5400rpm, Serial ATA) Optical Drive* Blu-ray Disc™ ROM (BD-ROM) and DVD SuperMulti drive (+/-R double layer) with Labelflash® Audio and Video Display Size 14.0" widescreen Display Type* HD TruBrite® LED Backlit display Display Resolution 1366x768 (HD), 16:9 aspect ratio, Supports 720p content Audio Built-in microphone, Headphone jack (stereo), Microphone input port with Toshiba Sleep and Music, harman/kardon® stereo speakers Communication Webcam Webcam and microphone Wireless LAN* Wi-Fi® Wireless networking (802.11b/g/n) Bluetooth No Bluetooth (No Antenna) Modem No Modem port LAN 10/100...
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...of computers has grown rapidly and it is hard to get a job without having at least a basic knowledge of how they work. There are some professions, though, that use computers a lot more than others. Some of these professions would be grueling without the help of computers. I have chosen three professions and four computers. For the computers, I have chosen the Dell Inspiron Desk Top, the Hp Pavilion Slimline desk top, the Toshiba Satellite Laptop and the Hp Envy laptop. I have chosen author, educator and lawyer as my profession. I will pair the appropriate computer with its profession. An author may seem like they would not need much in the way of computers. Often times they do not even use computers to write, but instead prefer pen and paper. However, the work will have to put into a computer sooner or later. An author probably would not be in need for very much space. Their work will most likely be stored on portable storage devices so that they can transport it agencies. Because of this, I think that a suitable computer for an author would be the Toshiba Satellite laptop. It has memory and hard drive space, just not a lot. It is cheap and would serve its purpose for the author perfectly without having the extra features. Teachers and instructors have a little more of need for space. Again, however, they don’t need a lot. They would have to save their lectures and all their classwork saved on their computers as well as the students’ grades. All of this would indeed take up...
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...Question:- Think of a recent transaction and/or interaction that you had with any business entity,or a staff of an organization. • Describe your experience from larger to personal context. • How did this influence the outcome of your communication? Answer:- Recently I went to the showroom of TOSHIBA near Uttara in order to buy a laptop. After getting admitted in IBA-JU, I greatly felt the necessity of having a laptop. Moreover, if I consider the larger contexts, then I must say that it is the age of scinece and technology and our economic condition also permits me to do so. So, using a laptop is very much necessary considering the suurrounding culture. Regarding personal contexts, I decided to buy a black colored laptop from TOSHIBA because it has a well reputation in the market. I didn’t have the address of its showrooms but I had an e-mail address. So, I sent an e-mail asking for the address of its showrooms and what types of laptops were available within my financial capacity as I knew that the prices were fixed. Then I got an e-mail from TOSHIBA where all necessary informations were given.But there arised another problem because there was no laptop available within my financial capacity. Those were too much expensive for me. The company also sent some models of netbook which were within my capacity. So, I went to the showroom and the salesmen showed me different models of netbook. I couldn’t decide what to do because still I was thinking...
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...a poster in Publisher. We also watched many videos about how a poster should be designed and presented. After watching all those videos we came to a conclusion to go with Publisher. At the beginning we practised what we saw in videos and did as it is said in video. As time passes we gained confidence and learnt lot of things in Publisher. We learnt about all the tools and practised each and every tool how it works. Later after gaining knowledge about Publisher we started to design our poster. At first we tried to make a good background for the poster and no one was satisfied with the background what came up with the publisher. We then tried to make a background which was designed by the Toshiba. Even then we faced a difficulty in making that as background. We got a background were we had Toshiba logo in the centre and bigger arrows on each side. We wanted to remove those arrows and leave the background all alone with the Toshiba’s logo. We tried to remove in publisher but we couldn’t do it without disturbing the background texture. So we came to a decision to use Photoshop to remove the arrows alone. We found most of the Photoshop tools are similar to the tools present in publisher so that didn’t bring many difficulties in...
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...419.99 | 10 (3 3.0, 7 2.0) | Desktop | | HP-Pavilion 17-ell3dx | 750 GB | 4 GB | 1.9 GHz (turbo up to 2.8) | $399.99 | 3 (2 3.0, 1 2.0) | Laptop | | Toshiba Satellite | 750 GB | 8 GB | 1.6 GHz (turbo up to 2.6) | 699.99 | 4 (2 3.0, 2 2.0) | Laptob | | Term trader: A term trader will need a computer with good memory and capable speed for online trading of energy at up to the second pricing. If he uses a computer that is short on the needed speed than he could miss out on a good trading price for oil, electricity, or nuclear fuels. For this job 4 GB of RAM and at least 1 GB of hard drive will suffice just fine. But for up to the second price change you will most likely want a processor speed of 3 Ghz. So for this job you want the Ghz of the Erazer but only need the hard drive and RAM of the Slimline. So I would go with a model type that would have those specifications. Which isn't in the above table. Graphic designer: Graphic design integrates computers in virtually every step of the design process from conception to production and in a range of media including print, video, and web. For graphic design 8 GB or more of RAM is preferred and 750 GB of hard drive capacity. Processor speed is not as important as it is with a Term Trader. So 1.5 Ghz is plenty. Knowing those requirements I would be inclined to use the Toshiba Satellite Notebook. Teacher: A teacher does not need anything above the standard hard drive, RAM, and processor speed. The could get by on 128 MB of RAM...
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...that there were actually more cons than pros. * * As mentioned in the report LIBOR has been the catalyst for fraud and unfair play in the past years. This being said I cannot see this reform in LIBOR go the right way for either party. The FED might have already lost the trust of many people around the world with the scandals of late that have taken place. Many people were hurt when they took out loans and LIBOR was artificially high. However, when LIBOR was artificially low people paid less than they should have. This is a small example on the controversy of whether or not LIBOR should be reformed or completely thrown out the window. * * LIBOR is a very important index, which serves as a benchmark for derivatives. Being the most widely used interested rate in the world, it is not easy to just throw it out the window, as many people who were on the brunt of the scandal would wish. * * I believe that LIBOR is not as risk-free as we think it is. I believe that the scandals that were taken place proved that. Many people lost their savings and not only were the savings lost, but the banks that were the cause of the scandal were stealing it. This, I believe speaks for itself to answer the question if LIBOR is as risk-free as we think it is. I believe we were led to believe that is was a fixed fair rate, however we have seen that it can be manipulated and artificially fixed in ways in which we can lose our money. This is a big reason why I believe...
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...scandalous and creates wide seethe and uproar from the public who are the ultimate victims of these scandals. For many reformers and speakers it may take ages to bring a matter of public concern in front of people, which when scandalized became notoriously famous without any help. For example wiki leaks had generated mass curiosity around the world about the facts and events which were otherwise completely obscure and esoteric to general public. With increased freedom of the forth estate everything is out in the open ,all political scandals ,social scandals and even financial scandals are watched ,scrutinized and are brought to justice. In the 21st centaury where social networking has dissolved all the known physical boundaries, a scandal of one country is a popular talk of another continent, people discuss ,debate and provide solution to the problem which arose because of the so called scandal, which we can never imagine happening half a century ago. The Bernie Madoffs in famous embezzlement scandal has created waves of dissatisfaction among the masses, and demanded higher level of probe and investigation in the matter. The Italian prime minister’s sex scandal has stumped the world and raised questions about the moral conduct about the leader. No reformer or speakers could have generated such wide spread awareness about a issue or a problem within the society .Thus scandals play a major roles in generating general awareness and finding root cause for a problem ,which...
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...Mr. May APLAC December 16 2012 Jack Abramoff Corruption in governments inspires frantic media coverage and people to lose faith in politics. The United States has a long history of these scandals that has initiated some concern about the way the government is run. Jack Abramoff, a once powerful lobbyist, was recently involved in one of the largest scandals in Washington. Abramoff rose from, generally, nothing to becoming America’s most notorious lobbyist. When scandal ultimately cast him down, Abramoff was sentenced to four years in federal prison for fraud, tax evasion, and conspiracy. While serving his term in jail, he had received vile and harsh insults that depicted him as “scum” and “evil.” Now released from the penitentiary, Abramoff is the author of the novel Capitol Punishment. By writing this book, he tries to expose the truth about the broken the U.S. Government system really is but also justify his actions and hope to redeem little pieces of his honor. Using clever diction, syntax, and numerous appeals to pathos, Jack Abramoff attempts to repent for his actions and gain redemption. Abramoff’s diction allows for the audience to view his actions in an alternative more positive direction, rather than maliciously and with anger. The first few chapters of the book describe his childhood and formative years. His conservative principles and his calculating self brought him early spotlight and success in the political realm. Abramoff, for about the first half of his...
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...leave room for interpretations and the standards never change, which give the impression that there cannot be many, if any, grey area’s which would allow for human judgment to take place. Actually nothing can be further from the truth and as I grew within the army I began to see a natural competition and even a division among the different services in the areas of moral and ethical standards, although all of us fight the same fight there is still a recruiting battle that exist to find, sign and train the best people possible from the civilian ranks and anytime you have that element ,it will cause potential members to “choose sides”. Each of our services has suffered through many different scandals over ethical dilemmas. The Navy in 1991 suffered the infamous “Tailhook Scandal” where Lt. Rebecca Hansen, a trainee helicopter pilot charged that her failing grades were in direct retaliation for her bringing charges against a flight instructor, and later when Gulf War Hero and then Vice Chief of Naval Operations, Admiral Stanley Arthur, ruled against her, she then reported the incident to Senator David Durenberger of Minnesota who in turn as the New York Times, Goodman, W. (1996) reported “blocked Commander Robert E. Strumpf’s appointment to the Commander of the Navy in the Pacific”, which is the largest operational...
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...The issue is about scandals and focusing attention on problems. The statement about whether scandals are more useful than speakers or reformers in focusing attention on problems is a complex one. Scandals have both a good side and a bad side in the process of revealing problems. And speakers and reformers are irreplaceable by scandals. On the one hand, scandals are useful to attract the public attention to the seriousness of the problem such as corruption, food safety and murder which is hard to be tackled by speaker and reformer in China. Scandals, which reflect the ugliness of human nature, provide a valuable clue to trace back to the source of the problems. Take an example from China to illustrate this point, Zhengfu Lei, whose sex media was leaked out from the internet firstly, was soon caught with discovery of corruption. Surprisingly, He was considered to be a decent official in the past years. It can be seen the power of scandal in this example. Corruption is ubiquitous in the world, and laws cannot bring the criminals to justice easily and effectively without the help of scandals. Even if speakers and reformers racked their minds, it cannot rival a small story of scandals. On the other hand, scandals will also move the public attention from the real matter itself to something largely irrelevant. Sometimes people are more interesting in the scandals than tackling problems when the problem is not so big or it doesn’t have detrimental to their interests. For example...
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...invented the trading of communications, power, and weather securities. It dominated the trading and instead of being successful, it became the largest financial scandal in history as a symbol of well-planned corporate fraud. Enron created the phony California electricity crisis. There was never a shortage of power in California. Phone recordings between Enron traders and California power plant operators reveal the traders asking plant managers to "get a little creative" in shutting down plants for "repairs." About 30 to 50 percent of California's energy plants shut down as suggested by the traders as Enron drove the price of electricity nine times higher. By November 2001, after a series of scandals associated with their accounting practices, Enron stood at the edge of the largest bankruptcy in history. Enron was thought to be a blue chip stock but there bankruptcy caused a terrible event in the financial world. The executives at Enron were indicted on different charges and were sent to prison. Employees and stockholders lost billions of dollars, while the lawsuits provided very little money in return. Because of this scandal, new regulations were developed to improve the reliability of the financial reporting and require the accounting firms to be independent of their clients. The regulations should prevent the scandal experienced with...
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...Memo of law Question/Issue Presented What evidence can be found during a legal discovery and how does this affect the record-keeping policy of a business organization? Applicable Law and Ethical Standards Newby v. Enron Corp. , 2002 U.S. Dist. LEXIS 28397 (S.D. Tex. May 1, 2002) Newby v. Enron Corp. (In re Enron Cor... , 2003 U.S. Dist. LEXIS 1668, Fed. Sec. L. Rep. (CCH) P92404 (S.D. Tex. Jan. 28, 2003) United States v. Arthur Andersen LLP , 2002 U.S. Dist. LEXIS 26870 (S.D. Tex. May 24, 2002) 18 USCS § 1512 Discussion/Analysis (of Law and Facts) During a legal discovery which includes the procedures of Deposition, Interrogatories and Production of Documents there can be different evidence found depending on the area of work the business organization is involved in. An example could be that a company tried to create false documents with the intent to seem like a good investment or to avoid paying taxes. During a deposition evidence can be found that people questioned tell conflicting stories. It is crucial to be able to deliver the right documents requested during a discovery. Therefore, it is important to have an organized record-keeping policy for any organization. Furthermore, a business should keep its records as correct as possible and not be tempted to give in to fraud, changing documents or destroying important documents. A company should follow the law to keep the required documents. It would be a crime to hide, destroy and/or withhold subpoenaed...
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...Final Paper: Case Study of WorldCom Financial Statement Fraud Introduction This paper will discuss the financial statement fraud committed by WorldCom by examining what led up to the fraud, who committed it and why, and the impact it caused on various stakeholders and the economy. WorldCom applied aggressive and undisclosed accounting tactics to provide financial statements that reflected a $10 billion profit for the years 2000 and 2001, rather than the actual combined loss of $73.7 billion that occurred (Romar, 2006). Opportunity, pressure, and rationalization were all present in this severe example of financial statement fraud which had a devastating impact on stakeholders globally. Basis for Understanding Financial Statement Fraud Prior to taking a deep dive into this specific example, it is important to first understand what constitutes financial statement fraud. Financial statement fraud can be defined as “deliberate misstatements or omissions of amounts or disclosures of financial statements to deceive financial statement users, particularly investors and creditors” (Wells, 2011, p. 299). Financial statement frauds can be broken down into five distinct categories: fictitious revenues, improper asset valuations, concealed liabilities and expenses, timing differences, and improper disclosures” (Wells, 2011, p. 292). The History of WorldCom “WorldCom began in Mississippi as a small provider of long distance telephone services” (Lyke, 2002). However, due to deregulation...
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