...SAMSUNG ELECTRONICS 1.0 Introduction In the 21st century of business, there are number of factors apart from the financial figures that play a vital role for the success story of the business corporations. These factors include the culture adopted by the business, philosophy of the management of the company, code of ethics and standards followed by business. The presence of all of these factors in the business’s ethical guidelines has a significant impact on the ability of the business organisations to perform well on the long term basis. In this report the Samsung Electronics’ ethical issues are studied along with the importance of the business ethics and Corporate Social Responsibility (CSR) practices adopted by the business organisations. The upcoming sections of this report present information about the meaning and importance of business ethics which is followed by the description of the violations of the ethical issues by the Samsung Company and the also the role of Samsung management in promoting CSR and overcoming ethical issues. 2.0 Meaning of Business Ethics The primary objective of each and every business organisation is to run business for the purpose of profit as well as the maximisation of owners’ wealth. Profit can be maximized by selling goods and services at reasonable prices and as far as wealth is concerned this can only be maximized if business follows the required ethics. The term business ethics means the principles of morality or code of conducts...
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...Suggested Guidelines for Writing a Code of Ethics/Conduct Writing a Code of Ethics/Conduct Companies that follow both the letter and the spirit of the law by taking a “value-based” approach to ethics and compliance may have a distinct advantage in the marketplace. Give the average employee a legalistic “thou shall not….” code, and a negative response is almost guaranteed. Give employees a document that states clearly and concisely the company’s expectations, outlines acceptable behaviors, and presents viable options for asking questions and voicing concerns, and the likelihood is much greater that they will meet those expectations and exhibit the desired behaviors. Make the contents of the code equally applicable to everyone in the organization—at all levels—and you have a key ingredient for a code that becomes cultural, with all of the benefits. Code Basics There is no standard wording for a code of ethics/conduct. Each organization should develop one to suit the needs of its personnel in defining expected behaviors and in addressing the risks, challenges, and customs in the countries in which it operates, as well as to fit their specific industry and situation. However, there are some basic points to keep in mind when creating or modifying a code. • The code language should be simple, concise, and readily understood by all employees. • The code should not be legalistic—written as “thou shall not”— but rather state expected behaviors. • The code should apply to all employees...
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...catalogue is printed in 52 editions with 25 languages, with a global distribution in excess of 160 million copies. IKEA sees the Far Asia as an emerging market still in its infant stage. Its number of retail outlets in Malaysia, Singapore, Taiwan, Beijing, Shanghai and Hong Kong are very small and comprises a mere 3% of the company's total sales. These stores were expected to be more successful in the near future. IKEA's imminent strategic expansion into this region exemplified its ambitions to dominate this emerging market. This Case Study illustrates how IKEA's ventures into China and Japan are laden with unique marketing challenges which it had not encountered before in other international markets. Read the attached case (Case Study: "IKEA: A Long March to the Far East" - Source: Oxford University Press) and answer the following questions; 1. Based on your analysis, what are the opportunities and challenges for IKEA in their market operations in (a) China; and (b) Japan? 2. Describe the market entry strategies that IKEA adopt in China and Japan respectively. 3. What are IKEA product, pricing, marketing communication and distribution decisions in the two Asian markets? To what extent these...
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...Minerals Management Service-Corporate Code of Conduct History The Bureau of Ocean Energy Management, Regulation and Enforcement formally known as the Minerals Management Service (MMS), is an agency within the United States Department of the Interior (DOI) that is headquartered in Washington, DC and is responsible for managing the ocean energy and mineral resources on the Outer Continental Shelf. The MMS oversees two operations, namely Offshore Energy and Minerals Management (OEMM) and Minerals Revenue Management (MRM). In 1982, Congress passed the Federal Oil and Gas Royalty Management Act. In response to the creation of the new legislation, then Secretary of the Interior James Watt created the MMS as the federal bureau responsible for managing the collection of revenue generated from programs including: oil and gas, coal, metals, potash, and renewable energy resources, as well as oversight of energy companies to ensure they are following the regulations of protecting the safety of their workers, as well as the environment. The MMS collects approximately $13 billion annually making it one of largest revenue sources for the Federal Government. The jurisdiction of MMS is limited generally to a region of the Outer Continental Shelf (OCS) that starts three miles from the coast and extends up to 200 nautical miles from the cost. There are two laws that establish this range: the United Nations Convention on the Law of the Sea (UNCLOS) Treaty and the Outer Continental...
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...Riordan Manufacturing Corporate Compliance Plan LAW 531 – Business Law Facilitator: Gregory Schumacher March 30, 2009 University of Phoenix – Online Campus Riordan Manufacturing Corporate Compliance Plan Riordan Manufacturing, Inc. has been an industry leader in the plastics molding industry for nearly 20 years, and its success has been built on a formula of state-of-the-art research and development, strong customer relationships, and innovative, team-oriented employees. The current economic environment, state and federal regulations, and legislative statues present challenges to Riordan that require implementation of strong methods for organizing risk management responsibilities and activities. To achieve business objectives and continued competitive advantages, Riordan must structure risk management responsibilities and activities using a formalized process. The Enterprise Risk Management (ERM) process will ensure identified risks are properly assessed, controlled, and monitored throughout the company to reduce Riordan’s exposure to legal liabilities. This compliance plan outlines the ERM process for Riordan following the Committee of Sponsoring Organizations of the Treadway Commission (COSO) framework recommendations on critical aspects of organizational governance, business ethics, internal control, enterprise risk management, fraud, and financial reporting. Enterprise risk management deals with risks and opportunities that affect business value, negatively or positively...
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...Finland's capital Helsinki. Nokia is engaged in the manufacturing of mobile devices and in converging Internet and communications industries, with over 132,000 employees in 120 countries, sales in more than 150 countries and global annual revenue of over €42 billion and operating profit of €2 billion as of 2010. It is the world's largest manufacturer of mobile phones: its global device market share was 31% in the fourth quarter 2010, up from an estimated 30% in third quarter of 2010 but down from an estimated 35% in the fourth quarter of 2009. Nokia's estimated share of the converged mobile device market was 31% in the fourth quarter, compared with 38% in the third quarter 2010. Nokia produces mobile devices for every major market segment and protocol, including GSM, CDMA, and WCDMA (UMTS). Nokia offers Internet services such as applications, games, music, maps, media and messaging through its Ovi platform. Nokia's subsidiary Nokia Siemens Networks produces telecommunications network equipment, solutions and services. Nokia is also engaged in providing free digital map information and navigation services through its wholly owned subsidiary Navteq. Nokia also has greater dependency on England based company duo namely Symbian Corporation for its mobile operating systems and OVI for its mobile-based application software development and distribution, which has made Nokia as highest-selling mobile-phone vendor within the past few years. Nokia has sites for research and development, manufacture...
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...THE INTER-SESSIONAL PANEL OF THE UNITED NATIONS COMMISSION ON SCIENCE AND TECHNOLOGY FOR DEVELOPMENT 15-17 December 2010 Geneva UGANDA CONTRIBUTION " ICT POLICIES, STRATEGIES AND INITIATIVES PUT IN PLACE IN UGANDA " The views presented here are the participants’ and do not necessarily reflect the views and the position of the United Nations or the United Nations Conference on Trade and Development i ICT POLICIES, STRATEGIES AND INITIATIVES PUT IN PLACE IN UGANDA NITA‐U 11/2/2010 ii Table of Contents 1 2 Table of Contents ………………………………………………………………………………………………………………………………………………….iii INFORMATION COMMUNICATION TECHNOLOGY (ICT) STRATEGIES…………………………………………………………………….1 2.1 3 Creation of the Ministry of ICT……………………………………………………………………………………………………………………..1 AGENCIES UNDER MINISTRY OF ICT………………………………………………………………………………………………………………….....1 3.1 National Information Technology Authority‐Uganda……………………………………………………………………………………1 Functions of the Authority ........................................................................................................................ 1 Initiatives ................................................................................................................................................... 2 3.1.1 3.1.2 3.2 Uganda Communications Commission (UCC)………………………………………………………………………………………………..3 Initiatives ...............................................................................................................
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...Doing the right thing— the PwC way Code of conduct Acting professionally. Doing business with integrity. Upholding our clients’ reputations as well as our own. Treating people and the environment with respect. Acting in a socially responsible manner. Working together and thinking about the way we work. Considering the ethical dimensions of our actions. This is the PwC Experience, expressed in our Code of conduct. Clients People and teams We focus on client value We focus on enhancing the value of our people Value We put ourselves in our clients’ shoes We share and collaborate We invest in client relationships 2 Ownership & Accountability We put ourselves in each other’s shoes Robust dialogue Trust-based relationships We share and collaborate We invest in teams and relationships Putting our values in action Our values—excellence, teamwork and leadership Achieve excellence Delivering what we promise and adding value beyond what is expected. We achieve excellence through innovation, learning and agility. Develop teamwork The best solutions come from working together with colleagues and clients. Effective teamwork requires relationships, respect and sharing. Excellence Teamwork Leadership Inspire leadership Leading with clients, leading with people and thought leadership. Leadership demands courage, vision and integrity. 3 Code of conduct PwC1 is one of the world’s pre-eminent ...
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...Political, Economic, Legal, Technological 1) Which of the following is characterized by networks of international linkages that bind countries, institutions, and people in an interdependent global economy? D) globalization 2) All of the following factors contribute to globalization EXCEPT ________. C) higher number of trade restrictions 3) Which of the following is the most highly globalized in regards to economic integration, technological connectivity, personal contact, and political engagement? A) Singapore 4) Most small and medium-sized enterprises (SMEs) are ________. C) contributing to their national economies through exporting 5) Gayle Warwick Fine Linen owes its success as a global business primarily to the firm's ________. B) labor outsourcing in Vietnam 6) Which of the following are the three dominant currencies in the world today? C) Euro, Japanese yen, U.S. dollar 7) Most of today's world trade takes place in which three trade blocs? C) European Union, Asia, and the Americas 8) The European Union currently consists of how many nations? B) 27 9) Which of the following is NOT one of the Four Tigers? D) Thailand 10) Which of the following best explains China's success in exporting? A) low costs and steady stream of capital 11) Which of the following is NOT a true statement about India? A) India's biggest contributor to growth is its excellent infrastructure. 12) India's economic boom is most likely a result of all of the following EXCEPT ________. D) government leadership...
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...China Labor Watch 147 W 35 TH Phone: 212-244-4049 Fax: 212-244-4146 E-mail: clw@chinalaborwatch.org ST STE 406 New York, NY 10001 Code of Conduct is No More than False Advertising, Disney Suppliers Continue Exploiting Chinese Workers By China Labor Watch November 10, 2010 While every effort will be made to keep the materials accurate and up-to-date, China Labor Watch is not personally responsible for accuracy and currency. This report contains confidential information and is intended only for the individual named. If you are not the named addressee you should not disseminate, distribute or copy this report. SOME RIGHTS RESERVED. 2010 Content Summary.......................................................................................................................................................................3 Yiuwah Accident .........................................................................................................................................................3 Disney Consumer Products .........................................................................................................................................4 “Cut and Run” ..............................................................................................................................................................5 Establishment of “Code of Conduct” .........................................................................................................................6 Production...
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...Processes Partnering with Suppliers to Improve Performance and Build Capability Working with Industry Groups Watch the Video! Supply Chain We expect our suppliers to meet the same high standards on ethics, labor rights, health and safety, and the environment that we apply to our own people and operations. Cisco works closely with suppliers to manage these sustainability issues and improve their performance throughout the supply chain and at every stage of the lifecycle of our products. We look to use our relationships with our network of suppliers and peer companies to multiply the impact we can have on sustainability in the information and communications technology (ICT) supply chain. 2012 Cisco CSR Report < Previous View 2012 Cisco CSR Report Website How to Use This Report We Welcome Your Feedback C2 Supply Chain > Overview Our Supply Chain Embedding Sustainability in Core Business Processes Partnering with Suppliers to Improve Performance and Build Capability Working with Industry Groups Overview These first five pages give readers an overview of Cisco’s objectives, key challenges, progress, and performance with regard to Supply Chain. We have used this overview as part of our Executive Summary, which can be downloaded here. We focus our performance monitoring, audit program, and capability building efforts on around 200 preferred suppliers (see page C8) with which we spend approximately 75 percent of our supply chain expenditure. Cisco also plays...
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...illegally from an organization or user. A data breach may occur when there is a loss, theft, or other unauthorized access to data containing sensitive material that results in the potential compromise of the confidentiality, integrity, or availability. “An information security program begins with policy, standards, and practices, which are the foundation for the information security architecture and blueprint. In order for an organization’s information security program to succeed. It will need to “operate in conjunction with the organization’s established security policy.” (Whitman & Mattord, 2012) This case study will discuss the legal environment for an organization, which includes policies, regulations, and laws. Also, it will illustrate how these factors impact an organization to ensure the confidentiality, integrity, and availability of information and information systems. Foremost, in any organization, confidentiality, integrity, and availability (CIA triad) is the model which is supposed to guide information security policies that are established. Policies play an important role in any organization. They “direct how issues should be addressed and technologies should be used.” (Whitman & Mattord, 2012) As Information security practitioners, we use government and organizational policies as our stepping stones or foundational material to establish a rock solid information security program. In information security, government policies are issued by federal, state...
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...E-SECURITY REVIEW 2008 Submission from Microsoft Australia Introduction Microsoft Australia welcomes the opportunity to participate through this Submission in the Whole-of Government Review of E-Security. A periodic review of the E-Security framework, in light of the quickly evolving threat landscape, is both timely and appropriate. Over the last thirty years there have been dramatic advances in information technology - the development of the microprocessor, the rise of the personal computer, the emergence of the Internet - which have revolutionised the way information is created, stored, shared, and used. Today, powerful, affordable and diverse devices, together with expanding broadband networks, create a powerful opportunity for connectivity for individuals and communities. Over the past two decades, rapid advances in software, IT services, and communications have enabled many traditionally separate and disparate infrastructures and business operations to become more connected. Through this connectivity virtually every aspect of society has experienced a transformation. Businesses and governments have been able to manage and streamline their operations. Individuals have been offered ready access to multiple sources of information thereby expanding knowledge and choice. Across every field of endeavour – commercial, social, scientific and philanthropic – the power of information has been increased and the transaction costs of engagement have been lowered. Our broad reliance...
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...Crown Institute of Business and Technology Pty Ltd ABN 86 116 018 412 National Provider No: 91371 CRICOS Provider Code: 02870D North Sydney Campus: 116 Pacific Highway North Sydney NSW 2060 P 02 9955 0488 F 02 9955 3888 Sydney CBD Campus: Level 5, 303 Pitt St Sydney NSW 2000 P 02 8959 6340 F 02 9955 3888 BSBMGT605 Provide Leadership across the Organization Assessment Task 1 – Assignment In this task, you are required to write an email to your manager in response to an incident and develop an electronic presentation to communicate the strategic directions and objectives of your organization to potential employees in regards to a new initiative. As part of this task, you will need to write an email to your manager outlining an organizational response to the case study, including any changes to work practices that will be necessary to ensure a safe and productive work environment. In response to a further case study, you will need to develop a presentation to communicate strategic directions and objectives for use with a range of staff and stakeholders, i.e. a scripted PowerPoint presentation or a script to be spoken with a video presentation, etc. You will need to ensure that you have accurately identified the strategic objectives and mission of your organization, and are able to identify key roles and responsibilities for the realization of those strategic objectives, particularly in regard to the new work unit being established. You will need to ensure that...
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...INSIDER DEALINGS AND THE PROBLEMS OF BUSINESS ETHICS IN THE BANKING INDUSTRY IN NIGERIA. BY Adegboye Folasade Bosede Department of Banking & Finance Covenant University Ota, Ogun state. Tel: 07032678252 e-mail:sadeadegboye@yahoo.com THIS PAPER IS TO BE PRESENTED AT: THE 8TH ANNUAL CONFERENCE OF THE NIGERIAN SOCIOLOGICAL SOCIETY AT TEMPRANCE HOTEL OFF THE BELLS UNIVERSITY ROAD OTA, OGUN STATE. DATE: TUESDAY NOVEMBER 25- THURSDAY NOVEMBER 27, 2008 ABSTRACT Professionalism in banking is violated when ethical or legal fundamentals are breached or blatantly disregarded. Ethics is a strong code of morality, which for an occupation such as banking, plays an important role in the well being of individuals, businesses, national and international economies. Unethical conduct manifests itself in various ways, including insider abuse, fraudulent dealings; irregularity/inaccuracy in rendition of reports, these are problems bordering on business ethics as evident in the Nigerian banking crisis. A multiple regression analysis was used and from the summary of the finding, we can infer that the consequences of insider dealing and problem of business ethics can be disastrous and could result in loss of confidence and trust in the industry, loss of business for the institutions, shareholders, board/management disputes, operational losses, distress of the sector, and liquidation of institutions, capital flight, and stagnation of the economy. INTRODUCTION Traditionally, the role of...
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