...sports by Bill Bowerman and Phil Knight. The company officially became NIKE on May 30, 1971. The name Nike comes from the Greek Goddess of Victory. Nike Currently has a net worth of 86 billion dollars. (Forbes, 2015) Currently Nikes trades were sharing at 124 dollars each on the stock market. II. Description of CSR Issue Nike has contracts with about 700 sweat shops throughout the world. (Nike, INC., 2007-2009) In 58% of Indonesian sweatshops their worker are between the ages of 20 and 24. 83% of these employees are females. (Nike, INC., 2007-2009) III. Organizational Stakeholder Impact A. Help prioritize key issues and develop procedures (Nike, INC, n.d.) B. Must engage to avoid issues again from the 90’s (Nike, INC, n.d.) IV. Societal Stakeholder Impact A. Reviews report for transparency (Nike, INC, n.d.) B. Had most recent report re worked to seek more candidly about lessons learned from both successes and failures (Nike, INC, n.d.) V. Current Status of Corporation Nike pays 25 million annually to implements and follow Corporate Social Responsibility. (Arias, 2010) However, Nike refused to pay 2.2 million dollars to Honduran workers in severance (Arias, 2010) when two subcontractors closed down their facilities. Years later they agreed to pay 1.54 Million dollars to help these workers. VI. Strategic CSR Nike agrees that innovation through the lens of sustainability is fundamental to achieving their vision of growth that is not dependent upon constrained...
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...AMP How to Become the Richest Person in America 1. After reading the case study of John Jacob Astor; I was astounded- how an immigrant born in a none-too-prosperous butcher family ended up with millions of dollar, becoming the richest person in America? And it arouses the curiosity behind his success and abundance wealth. We want to know why he was successful and rich. His success started with vision in mind of having his own fur business. I think vision helps one to get successful if one follows his/her goal consistently and disciplinarily. He was a man full of traits like attention to details, determination and had a great foresight. After he married Sarah Todd, he opened his own musical instrument shop in mother-in-law’s house. Now we want to know why he opened musical instrument shop instead of Fur Company. He opened the musical instrument shop from the dowry’s money. And opening a fur company requires a huge investment. But it was the beginning of building capital and starting his career. Even though he opened the musical instrument shop, he was engaged in fur trading, he left the shop in order to travel to different places to establish the relationship with fur merchants (domestic and international) while Sarah was looking after the shop. By 1788, Astor was involved in fur trading with Montreal. There he bought furs and it got shipped to London and Rotterdam and finally to New York. Here a question may arise Why not ship fur directly to New York as it would save...
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...Wal-Mart’s 2011 income statement shows that the company’s net sales increased by 3.4% in 2011 as opposed to only a 1.0% increase in 2010. The balance sheet reflects growth over the past three years as well, with a continual revenue increase of over three million dollars from 2010 to 2011. The cash flow has also increased over the last year by eleven million dollars. Some things on the balance sheet that were of some concern were the shareholders equity declined and the long term debt increased (Wal-Mart 2011 annual report). My concern with the shareholder’s equity declining is that other potential shareholder and investors may look at this and think twice about investing in the company. The one thing an investor hopes to receive is a return on their investment, cash flow is up, and net sales are up but equity is down. The long term debt increased from 2010 to 2011; this is not a major concern because of where the United States economy is and was over the past few years. Companies have taken on more debt because of the economical climate of the country. Moving forward management should place emphasis on the profit gains and not the profit loses, show that... [continues] Business Analysis Part II This business analysis will compare the financial strength and wellness of Wal-Mart, Target, and Sears. The income statements, balance sheets, and cash flow reports for Wal-Mart, Target, and Sears have been researched to complete this analysis. The analysis will cover the period...
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...Arthur Anderson case Ideas and lessons Arthur Anderson • Once exemplified the rock solid character and integrity that was synonymous with the accounting profession. • Accounting, auditing and consulting and independency. Arthur Anderson • Investors lost about $300 billion. • Hundreds thousands of people lost their jobs. • Closed 2002 after 90 years of business. • Auditing independence-what does it mean to you? Independence vs combining auditing and consulting. Arthur Anderson • What is auditing main responsibility. • What happens when growth becomes the highest priority? • Growth becomes the culture. Growth was promoted and people who delivered big accounts were promoted too. • This was done at the expense of quality. Arthur Anderson • The company paid 100s of millions of dollars to settle claims brought by clients and investors. • News that Enron had overstated earnings became public, sending shock waves through the financial markets. Arthur Anderson Arthur Anderson corrupted and got corrupted by: 1- Baptist Foundation of Arizona 2- Sunbeam 3- Waste Management 4- Enron. 5- and Telecoms and WorldCom Arthur Anderson Enron was forced to restate five years’ worth of financial statements that Anderson had si nged off. Shredding Enron statements Anderson CEO had viewed the $1 million a w eek in audit fees from Enron paid to Anders on along with the consulting fees it paid to Anderson’s Spin off firm, Accenture, as a...
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...BURTON SNOWBOARDS Quick Facts The Early Years Founded by Jake Burton in 1977, Burton Snowboards was the world’s first snowboard factory. In the early years, the business was based out of Jake’s Vermont farm and he delivered boards out of his station wagon. About Jake Jake Burton has dedicated the past 26 years of his life to snowboarding. Through the years, he has played a vital role in transitioning snowboarding from a backyard hobby to a world-class sport. Founder and owner of Burton Snowboards, Jake is Burton’s most avid product tester and strives to snowboard over 100 days per year. The Industry Leader Burton Snowboards has led the snowboard industry since its inception. With headquarters in Burlington Vermont and offices in Innsbruck, Austria and Tokyo, Japan, Burton is solely dedicated to making the best snowboarding equipment on the planet. Burton’s primary business continues to be wholesale, driven by independent Burton reps who distribute Burton product to authorized specialty retailers throughout the world. There are approximately 4,348 specialty retail shops globally that carry Burton products – 1,563 in the U.S., 451 in Canada, 1,629 in Europe and 705 in Japan. Owned by Jake Burton Snowboards is a privately held company owned by Jake Burton himself. Because it is privately owned, Burton does not release financial information. World’s Top Pro Riders Burton supports a team of many of the world’s best snowboarders. From halfpipes and rail jams...
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...Small Business Introduction “Ensuring small businesses can thrive is about more than economic success. It’s also about who we are as a people. It’s about a nation where anybody who’s got a good idea and a willingness to work hard can succeed. That’s the central promise of America.” “Small businesses are leaders in innovation and drivers of the economy. Small businesses hold more patents than all of the nation’s universities and largest corporations combined, and create two thirds of all private sector jobs, employing half of all working Americans. The Federal government is the largest buyer in the world, spending over $500 billion each year. For the Federal government contracting with small businesses is common sense. Small businesses get the revenue they need to create jobs and drive the economy forward, and federal agencies get the creativity, innovation, and technical expertise of small businesses to help accomplish their mission. When small businesses are excluded from federal contracts, the Federal government, American taxpayers, and the nation’s economy lose out.” Interagency Task Force on Federal Contracting Opportunities for Small Business Objectives • Identify the elements of the Department of Defense (DoD) Small Business Program for defense acquisitions to include the overall policy and regulations, small business goals, small business size standards, non-manufacturer rule, and North American Industrial Classification System (NAICS) codes. • Identify...
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...to have an affair. Ashley Madison is also known for their extortion style tactics that require the owner of the email address registered to the account, even those made without the owner’s consent, to pay a fee of $19 dollars in order to delete their account. It is alleged that Ashley Madison received on average $1.7 million a year from affair-seekers that wished to “fully delete” their account. On July 15th 2015, an anonymous hacktivist group by the name of “The Impact Team” announced the cyber-attack on Ashley Madison and threatened to publicly release stolen data containing personal and financial information of the website’s user base if the website was not shut down immediately. Ashley Madison did not comply with their demand and as promised the “The Impact Team” began releasing the stolen data and by the end of August, 32 million users had their information leaked. These hacktivist vigilantes didn’t just randomly attack Ashley Madison. They purposely targeted Ashley Madison because of their taboo business practice of arranging affairs and “profiting off the pain of others”, all while touting many false promises to their user base. As it turns out, Ashley Madison failed to “fully delete” user’s personal information as promised, even after they paid $19 dollars for the deletion service, and this was cited as one of the main reasons for the cyber-attack. Ashley Madison used the controversy surrounding their taboo business approach as a way to market their service and it worked...
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...Marijuana Approximately 875,000 people a year are in trouble with the law when it comes to Marijuana. The United States currently invests over 50 billion dollars a year to fight the War on Drugs, half of this money is used to battle Marijuana, yet many Americans question its success altogether. Imprisonment and the war itself cost our government and the taxpayer’s money that could be used on other purposes. Legalizing marijuana would have a dramatic financial effect on America. Economists believe that our economy would benefit from legalization and ultimately regulation of marijuana and regularly use Holland as an example. Holland’s government currently earns approximately 75.8 million a year from the taxation of Marijuana. If our government mimicked Holland’s regulation similar numbers could be seen. The United States earns approximately 23.5 million per year from the taxation of tobacco and alcohol, and economists show that marijuana could bring in more revenue that both of these products combined. Holland also has fewer users per capita than America, and the usage of hard drugs have decreased. Many studies state that marijuana is safer than alcohol and tobacco; therefore it seems asinine that marijuana is illegal and alcohol and tobacco are sitting on store shelves. The lessons learned from the prohibition of alcohol should remind Americans that making it illegal only increases the wealth of drug dealers and is helping to send our economy into the toilet. For...
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...5/19/13 Toyota Recall: Five Critical Lessons | Business Ethics You are here: Home » Business Ethics, Economy, Featured Story, Michael Connor, Recent Stories, Regulation & Legislation » Toyota Recall: Five Critical Lessons Toyota Recall: Five Critical Lessons Posted by Michael Connor • January 31, 2010 • Printer-friendly by Michael Connor Toyota’s announcement of a technical fix for its sticky gas pedals – which can lead to sudden acceleration problems - is not likely to bring a quick end to the company’s current recall nightmare. Having already halted sales and production of eight of its top-selling cars in the U.S. - and recalled more than 9 million cars worldwide, in two separate recalls – Toyota faces the prospect of billions of dollars in charges and operating losses. The Toyota brand, once almost synonymous with top quality, has taken a heavy hit. While all the facts are not yet in, it’s clear that Toyota’s crisis didn’t emerge full-blown overnight. Fixing the problem and ensuring that something like it doesn’t happen again will require an all-out effort, from assembly line to the boardroom. Even then, there are no guarantees. Maintaining a good corporate reputation in the 21st century is tricky business indeed. Toyota’s case offers a number of valuable lessons for other business people and companies to consider. Here, for starters, are five: Aggressive growth can create unmanageable risk. Toyota’s desire to supplant General Motors as the world’s number-one car-maker...
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...FNCE 370v8: Assignment 4 Assignment 4 is worth 5% of your final mark. Complete and submit Assignment 4 after you complete Lesson 12. There are 12 questions in this assignment. The break-down of marks for each question is presented in the table below. Please show all your work as this will help the marker give you part marks as well as serve as a good study aid as you prepare for the Final Examination. Question | Marks Available | Reference | 1 | 5 | Lesson 10 | 2 | 5 | Lesson 10 | 3 | 5 | Lesson 10 | 4 | 5 | Lesson 10 | 5 | 10 | Lesson 11 | 6 | 15 | Lesson 11 | 7 | 10 | Lesson 11 | 8 | 10 | Lesson 11 | 9 | 5 | Lesson 12 | 10 | 10 | Lesson 12 | 11 | 10 | Lesson 12 | 12 | 10 | Lesson 12 | Total | 100 | | 1. Explain the interactions among market efficiency, capital budgeting, and the cost of capital. (5 marks) In order to make good capital budgeting decisions the manager should use a correct cost of capital which is determined by the use of funds. The NPV in an efficient market will be zero which indicates that managers should explore positive NPV projects to to determine the cshflow estimate and the source of value. When the market is efficient the cost of capital in the market is a good estimate of the return required. (5 marks) a. Give two examples of anomalies in the financial markets. Seasonality of stock prices (January Effect) which is when firms with small capitalizations have high returns in the first days of the new year...
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...School can be boring sometimes but fun also. The school work hard to keep everything nice and in order. If they receive a million dollar grant, this is what I fill would help the school as a whole. I wish the school board would spend part of the grant on something that would help the student body. Such as lunch, Books,and more technology advances. First and foremost this is what i feel they should spend the million dollar grant grant on. School needs better quality food for these reasons. Parents are spending more money and time packing their child's lunch because they don't want to eat school food. Some people might just want packed lunch but is the schools lunch is better they might change their minds about school food in general. Better food will not just help the parents it will also help the school,the more students eat their lunch the more money they will get. If the school gets more money then the .Lunch is very important and needs to be healthy. Not all of the food is bad some is good. Those are some of the reasons why they should spend some of the million dollar grant on....
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...In some areas, disasters occur frequently, and worse, many kinds of hazards hit these zones. Arizona is rated the tenth state most at a risk to disasters in the US according to Huddleston (2014, June). The Yuma County and the City of Yuma are hit time to time by disasters. This area is cited as one the highest probability disaster areas in the state (FEMA, 2012). This disaster champion experiences all types of hazards as stated in FEMA (2012). Hazards categorization, the magnitude of disasters’ damage and the consequences, a case study of a Presidential Disaster Declaration and the lessons learned from all the processes, the generalization of some lessons learned from this community to other communities with similar demographics and hazards...
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...Consumer Behavior Consumer Behavior: Contrast Jet Blue vs. Southwest Airlines Trident University MKT501 CS1 Identify key external factors that affect the passenger airline industry and explain how that impact occurs There are several external factors that affect the passenger airline industry. Some of the factors that affect the industry are economic crisis, instability in aviation fuel price, and environmental factors. I will elaborate more in detail in the following paragraphs on these factors. The first area I want to talk about is our countries current Economic Crisis, and in my opinion drives all the other factors that affect airline industry’s the most. The current economic situation is not good and therefore will have an effect on what a customer will or will not do. Air travel is very expensive as it is, in my opinion, so a sluggish economy will add more pressure on an individual or family thinking of flying anywhere. The second area that affects the airline industry is the cost of aviation fuel. If fuel prices are high, the airline will have to charge more for tickets. As I mentioned earlier, higher ticket prices is not what the public wants in our current economy. The airline industry is a business and in order to make money and continue to provide the service, the company has a breakeven price, approximately 66% of their operating cost (Airline Economics Break Even Load Factors Paragraph). If the company doesn’t...
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...Hurricane Sandy Research Paper Super storm Hurricane Sandy occurred from October 22, 2012 – October 31st, 2012. It was a storm that many people have never seen before and may never see again. Hurricane sandy destroyed homes, businesses, and took lives all in the process. When it comes to business continuity, what did the government, businesses/utilities, financial organizations and individuals do prior to the storm, during the storm, and after the storm. Hurricane sandy had an overall impact that will never be forgotten and taught us what we know today. The government played a role through FEMA in order to take actions prior to Hurricane Sandy. Government data forecasts were provided to the public. According to “Hurricane Sandy highlights role of government information in our everyday lives” by www.foreeffective.org, states that government satellites and airplanes collect the data on the storms strength and condition. The, the government scientists develop and apply the models that predict where the storm will go. Finally, a government agency, the national Oceanic and Atmospheric Administration (NOAA) National Weather Service, provides that information to the public. New York, Maryland, Washington, Pennsylvania, and North Carolina declare state of emergency and people are told to evacuate. During the super storm FEMA provided an effective and efficient response to the damages caused by Hurricane Sandy. During the storm, housing for the thousands of people the hurricane displaced...
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...Higher Education are truly leading the way when it comes to the promotion of ethics. What happens though when the vehicles of ethics make the wrong turns? Recently, the University of New Mexico Foundation (UNMF) fell under scrutiny for what many consider to be the unethical funneling of large amounts of money into lobbyist spending. Although the intent was to generate additional funds and support for the school, poor decisions and lack of transparency led to a tangled web of what many consider deceit and the misuse of funds. A closer look at the situation shows that University stakeholders are uneasy about the manner in which funds were used and disclosed…or “not-disclosed”. Apparently, students are not the only ones receiving ethics lessons on campus, some administrators are being schooled as well. The UNMF, a private non-profit appendage of the Institution, was created over twenty-nine years ago for the purpose of generating revenue and support for its programs and interests. All contributions made to the University are funneled through the Foundation where a board of forty-five members is then responsible for determining how funds will be used. The...
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