...REPORT ON : CONSUMER COMPLAINT 1. INTRODUCTION About 65 percent of red meat consumed per day around the world is lamb meat. Country of Australia is the largest supplier of quality lamb meat. In Malaysia, only eight percent of Malaysia lamb meat in the local market while the rest is imported from Australia, Indonesia and Vietnam to meet domestic demand. Lamb meat demand is constantly increasing every year. Estimated demand for lamb meat by households will increase by 473 tones in 2010 from 11.091 tones in 2008. In Malaysia, the demand for lamb is not high. This is due to two factors. First, consumers do not know where to buy lamb meat, because not many markets that sell and distribute lamb meat. The second factor is the misperception that lamb meat contains saturated fat and cholesterol that is not very good for the heart. Lately, the consumer awareness of the benefits of lamb meat is increase. These make the demand of lamb meat increase in local market. Giant hypermarket take the initiative to ensure the supply of lamb are always there to meet the needs of consumers. However, adequate supply in the market is not sufficient if the supply does not meet the standard and quality set. A few days ago, we received complaints from consumers of a peculiar taste for frozen lamb. I have been investigated this matter and I found that the main source of peculiar taste is due to the meat is not fresh. This report aims to present problems peculiar taste of frozen lamb supplied...
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...FREEZING OUT BEN & JERRY: CORPORATE LAW AND THE SALE OF A SOCIAL ENTERPRISE ICON Antony Page* & Robert A. Katz**† INTRODUCTION The perfect duo. Ice cream and chunks. Business and social change. Ben and Jerry.1 Nobody wants to end up like Ben and Jerry’s, where soon after a multinational acquired it, key facets of its social mission were cut from the company.2 Ben & Jerry’s Homemade, Inc. was once the darling of proponents of social enterprise and social entrepreneurship.3 It was a for-profit corporation that seemingly did not put profits first. Rather, it pursued, in the parlance, a “double bottom” line, seeking to advance progressive social goals, while still yielding an acceptable financial return for investors. It advanced its social mission in many ways, such as by committing 7.5% of its profits to a charitable foundation; conducting in-store voter registration; and buying ingredients from suppliers who employed disadvantaged populations.4 Ben & Jerry’s founders, Ben Cohen and Jerry Greenfield, held out their double bottom line approach (they called it the “double-dip”) as a model for others who wished to “Lead With [their] Values and Make Money, Too.”5 * Professor of Law at Indiana University School of Law—Indianapolis. ** Professor of Law at Indiana University School of Law—Indianapolis and Professor of Philanthropic Studies at the Indiana University Center on Philanthropy. † Thanks to the organizers of the symposium “Corporate Creativity: The Vermont L3C & Other...
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...Public Health in Australia The rising cases of food scandals in the recent past have put the topic of food safety in the limelight. Additionally, food scandals have made food safety a contentious issue that warrants special attention. Some of the food scandals in the recent past in Australia include the horsemeat scandal, the food labeling scandal, and the wheat scandal. Consequent to these scandals, the Australian government has enacted laws that govern the production and sale of foodstuffs. These laws establish guidelines’ regarding handling of food before it reaches the hands of the consumers. Food safety should be carefully monitored to prevent health, economic, and environmental risks. This essay discusses reasons for monitoring food safety closely for the well-being of public health to Australians. Food safety monitoring should encompass the effects of genetically modified foods, microbiological surveillance, and chemical contents of foodstuffs. Furthermore, it should include nutrition and labeling monitoring. Genetically modified foods Australia hit the headlines for becoming the first nation to test genetically modified wheat on its people. Although genetically modified foods are viewed as scientific innovations, they pose health risks to the public. Failure to monitor genetically modified foods allows rogue businessmen to distribute such foods to the public increasing the health hazards caused by these foods. An independent study commissioned to explore the effect of...
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...Simmons Case Study In the year 2001, the Simmons Bedding Company was experiencing economic difficulties, which needed to be addressed for the company to maintain operation. Charlie Eitel, CEO of Simmons made the decision that the company had to make changes to its culture. A major change Charles Eitel contemplated was implementing the Great Game of Life (GGOL) program into the company. Introducing the GGOL program into the company will bring about positive changes to the company that will boost employee morale, employee performance, and subsequently improve the Simmons’ company. Simmons Background The Simmons Bedding Company is one of the biggest mattress and bed related products manufacturer in the United States. Simmons was founded in 1870, when Zalmon G. Simmons opened his first factory in Kenosha, Wisconsin. The company’s ability to mass produce beds since 1875 enabled the company to grow into one of the biggest companies in the United States (Casciaro & Edmonson, 2007). In the year 2001, The Simmons Company was facing hard times. It had lost three major customers, the US economy was suffering, and Simmons had to get rid of foam using for bed cushioning because it was bad inventory. In addition, Charles Eitel the CEO had discovered that there was friction between manufacturing plants and low morale throughout many of the company factories. Charles Eitel wanted to make significant changes to the culture of the Simmons Company. One of changes that has been debated is whether...
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...Genetically modified plants, fruits, and vegetables are also in the sights of some groups. Tomatoes have been developed that resist frost and freezing temperatures with antifreeze genes from a cold-water fish, the winter flounder. Also, the Food and Drug Administration recently approved potatoes that don’t bruise and apples that don’t brown. The apples have been genetically engineered to reducing levels of enzymes that can cause browning or bruising. The groups producing these argue that the potential benefits are foods that are tastier, more nutritious and resistant to diseases and droughts. Many people don't agree with this however. Many of those people are doctors who argue the problems of modifying foods. The doctors said that GMOs can cause environmental damage and health problems for consumers. Experts like Sheldon Krimsky say nearly two dozen studies show bad effects, like harm to the kidneys, liver, heart, and other organs. The strongest argument opposing genetically modified foods is that, genetically modified foods have been linked to toxic and allergic reactions, sick, sterile and dead livestock, and damage to virtually every organ studied in lab animals. If GMOs are causing this much damage to animals, there is no way that they...
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...SUSTAINABILITY IMPACT ASSESSMENT OF PROPOSED WTO NEGOTIATIONS: THE FISHERIES SECTOR COUNTRY CASE STUDY: PERU Draft – not for citation John Tilman May 2, 2006 1 Glossary ADEX BCRP CCA CPPS DDA DIGESA EEZ EU FAO FIUPAP FONCODES FONDEPES GATS GPS IATTC IMARPE INEI ISC ITP MT NAMA NRI OLDEPESCA PRODUCE PROMPEX SIA SNP SPS SUNAT TBT WTO Exporters Association Central Reserve Bank of Peru Causal chain analysis Permanent Commission for the South Pacific Doha Development Agenda Environmental Health Directorate Exclusive Economic Zone European Union Food & Agricultural Organisation Artisanal Fishermen’s Federation Cooperation & Development Fund National Fund for Fisheries Development General Agreement on Trade in Services Global Positioning System Inter-American Tropical Tuna Commission The Marine Institute Statistical & Information Institute Selective Consumption Tax Fisheries Technological Institute Metric Tonnes Non-agricultural Market Access Natural Resources Institute Latin America Organisation for Fisheries Ministry of Production – Fisheries Export Promotion Office Sustainability Impact Analysis National Fishing Society Sanitary and Phytosanitary Measures Superintendency of Tax Technical Barriers to Trade World Trade Organization 2 Table of Contents Page Glossary Executive summary 1. Introduction 1.1. Background 1.2. Coastal livelihoods and development 1.3. Objectives of the study 2 6 10 10 11 11 12 12 13 13 14 15 15 15 15 16 16 16 16 18 18 19 19 19 20 20 21 21 21 ...
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...It is like something out of a sci-fi movie; Scientists injecting genes from an animal into the genes of a plant in order to create one super crop. As weird as this may sound, it is exactly what’s going on now, and these super crops are known as Genetically Modified Organisms, or GMOs. These crops are becoming more and more accepted in today’s agriculture business. This type of bioengineering is being used to yield more crops and curb the effects of herbicides. But the risks in using GMOs may far outweigh the benefits. GMO foods are becoming increasingly available and are a threat to our health and our agricultural system. Basically GMOs are organisms that have had their genes altered through bio-engineering. These plants and/or animals have their genetic makeup changed, usually in a lab, in order to add or remove certain characteristics. Genes from other animals, viruses, or bacteria are artificially inserted into organisms in order to create new organisms that would not occur naturally. Corn, for example, has been genetically modified to produce its own pesticide and resist herbicides. Nearly 70% of all the corn grown in the United States was modified in this way. (Smith) And if you look at the ingredient list of almost any packaged food, you’ll see that there is corn in almost all of it. Corn is also the main ingredient in much of the feed given to farm animals, such as pigs and cows. So no matter what you eat, it is almost certain to contain some amount GM (Genetically...
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...Dealing with a Management Issue An Assignment Submitted by Name of Student Name of Establishment Class XXXX, Section XXXX, Summer 2012 Table of Contents Purpose 3 The background of the issue 4 Research procedure used to make the decision 6 The process chosen to resolve the problem: downsizing 7 Undertaking the decision to downsize 8 Planning downsizing 9 Announcing the downsizing 9 Implementing the downsizing at Hp 10 Proposed evaluation system to assess the effectiveness of downsizing 11 Conclusion 12 References 13 Purpose The purpose of this paper is to describe and analyze an issue, experienced by your organization, which requires, required, or will require a resolution to be determined through the decision-making process. Accordingly, the paper will describe and analyze the issue of downsizing within Hp. Introduction Employee downsizing is usually undertaken by companies during economic recession such the recent global financial recession as a reactive and tactical decision. However, some successful organizations apply downsizing as a strategic move aimed at restructuring their entire human resource strategy. Downsizing is just one of the alternatives available for an organization to improve its performance. Some companies use downsizing as a way of improving their medium and long term competency through well structured coaching and career management. Hp Company that downsized 25,000 employees in 2008 again faces the issue of downsizing this year (Thibodeau...
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...product quality. Clearwater first came up with new technologies to help them harvest more efficiently, then they invented and patented technologies used to test, freeze, label and deliver products in a way none of their competitors were able to mimic. That gave Clearwater relative advantage by saving time and providing guaranteed fresh seafood, which is a hard task in their case because of long transportation hours needed to reach buyers. Moreover, their greatest challenge was that most of their work was Business-to-Business, which meant more time till products reached end users and lack of control over the quality of products delivered. Using the new technologies, i.e. harvest time stamps and labeling, end users were satisfied with the guaranteed freshness of the product they are buying, thus they were willing to pay a higher price for it. This way Clearwater guaranteed their customers to never be served other than what they ordered, avoiding what a study found is frequently happening in seafood restaurants (Johnson, 2013). Similar to any company, Clearwater was aiming to expand its operations and reach out to new customers. The management of Clearwater was able to get the company to its current position by targeting major markets with large seafood demand and studying them to find entry strategies. As a result Clearwater had entered the Chinese market where restaurants industry is going thru a dynamic expansion that is expected to continue in the coming years along with an increasing...
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...Case Summary The Boeing 767: From Concept to Production (A) By: Runit Marda (115) The case deals about the issue faced by Dean Thorton, Vice president – General Manager of the Boeing 767 program. The company had lobbied for Federal Aviation Administration (FAA) for permission to build wide body aircraft with two-person cockpits (rather than 3). Now, being granted the permission, the issue was that already 30 of the aircrafts were into various stages of production. Now, how should Thorton handle this situation? What are the options that he has? The decision had to be taken fast as the delivery dates were fast approaching. Commercial aircraft manufacturings posed various complexities as there were over 3.1 million parts to be connected by wiring over 85 miles. In 1981, three companies dominated the market: Boeing, McDonnell Douglas and Airbus. Launching a new plane was a daunting task as the manufacturing required $1.5-2 billion (which was considered to put the whole companies’ net worth on the line!!). But, any successful product was expected to lead to heavy profits and tie up the market segment for at least 15-20 years. Buyers, comprising mainly of the top 50 airliners, negotiated on price, after sales parts and service, design modifications etc. to make the task even tougher. In 1981, Boeing was the industry leader in terms of sales, having net sales of $9.2 Billion ($5.1 Billion of the aircraft manufacturing division). Boeing partnered with subcontractors on a risk-sharing...
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...the water going to the Dallas Fort Worth Metroplex, is the damage to the current ecosystem really necessary? Can the Metroplex enforce more water conservation regulations to save water without expanding their water sources? What will happen to the native plants and animals in the area? All these questions are at the center of a huge debate over the proposed reservoir. Now the Dallas area is one of our nation’s fastest growing areas. From 2010 to 2013 this area has seen a growth rate of 6.0 percent, which brings the current population to just fewer than 7 million people. This Growth can be attributed to the relatively low cost of living in the area. The State of Texas as a whole profited a great deal from the oil and gas industry. These profits have allowed the state to operate without having a state income tax and a low sales tax. This tax rate, along with a low cost of living and a medium cost of housing below $200 thousand, has made this area very attractive and helped push the increase in population. You can see with this ever increasing population, why they would want to take...
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...removing most of the manual and physical labors that we used to perform ourselves. We may not all agree on the main cause of obesity; countless hours of television, video games, fast food consumption and reduce physical activities can all be associated to the progression of technology. Technology has helped this world in so many ways that it is impossible to cover it all but when it comes to people being overweight technology create a major problem. Because of technological progression, there has been a revolution in the mass preparation of food that is roughly comparable to the mass production revolution in manufactured goods that happened a century ago. Technological innovations including vacuum packing, improved preservatives, deep freezing, artificial flavors and microwaves have enabled food manufacturers to cook food centrally and ship it to consumers for rapid consumption. It is then evident that technology has surely enable us to do more in a shorter period of time when it comes to eating but not when it...
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...INTRODUCTION The most important thing for most of business company is an understanding their successful performance among the other competitors in market place. For some parties, like shareholders, it is essential for company to make a profit and gain above-average returns. In this assignment, we will discuss furthermore about Nestlé’s external environment in all aspects such as their general environment, industry environment, competitive environment, and scan the opportunities and threats of the company. And also we are going to explain briefly about their internal environment includes their resources, type of their resources, company’s capabilities, evaluate their core competencies and so on. PROFILE OF THE COMPANY Nestlé with headquarters in Vevey, Switzerland was founded in 1866 by Henri Nestlé and is today the world's biggest food and beverage company. Sales at the end of 2004 were CHF 87 bn, with a net profit of CHF 6.7 bn. We employ around 247,000 people and have factories or operations in almost every country in the world. The Company's strategy is guided by several fundamental principles. Nestlé's existing products grow through innovation and renovation while maintaining a balance in geographic activities and product lines. Long-term potential is never sacrificed for short-term performance. The Company's priority is to bring the best and most relevant products to people, wherever they are, whatever their needs, throughout their lives...
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...Insider Trading: Education, Prevention, and Rule 10b5-1 Plans Speaker: Bruce Brumberg, Esq. Editor-in-Chief, myStockOptions.com Producer, Think Twice videos, InsiderTradingVideos.com Copyright © 2007, myStockPlan.com, Inc. Please do not distribute or copy without permission Roadmap for Presentation • Overview of various cases and interesting themes • Fundamentals of insider trading law • Compliance programs • Rule 10b5-1 trading plans • SEC investigations • Martha Stewart case: lessons and training 2 HEADING Shares sold in cases of insider trading often come from option exercises or restricted stock vesting. 3 Accounting scandals/fraud intertwined with insider trading. Insider trading cases more interesting to juries and easier for prosecutors to explain. Did the CEO sell stock knowing his company could not make its earnings targets without improperly booking revenue? 4 The SEC detects and prosecutes even small-profit cases. $38,000 in profits by former CFO. 5 Criminal charges are now more likely. Justice Department and local US Attorneys interested in these cases. Ex-Countrywide execs get probation terms for insider trading By ALEX VEIGA, AP Business Writer LOS ANGELES—November 26, 2007 Three former Countrywide Financial Corp. executives who pleaded guilty to criminal charges of insider trading were sentenced Monday to serve three years probation, the U.S. attorney's office said. They must also serve several hundred hours of community...
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...Sarbanes-Oxley Act of 2002 I. Introduction The Sarbanes–Oxley Act of 2002 (Pub.L. 107-204, 116 Stat. 745, enacted July 30, 2002), also known as the 'Public Company Accounting Reform and Investor Protection Act' (in the Senate) and 'Corporate and Auditing Accountability and Responsibility Act' (in the House) and commonly called Sarbanes–Oxley, Sarbox or SOX, is a United States federal law enacted on July 30, 2002, which set new or enhanced standards for all U.S. public company boards, management and public accounting firms. It is named after sponsors U.S. Senator Paul Sarbanes (D-MD) and U.S. Representative Michael G. Oxley (R-OH). The bill was enacted as a reaction to a number of major corporate and accounting scandals including those affecting Enron, Tyco International, Adelphia, Peregrine Systems and WorldCom. These scandals, which cost investors billions of dollars when the share prices of affected companies collapsed, shook public confidence in the nation's securities markets. The Sarbanes-Oxley Act does not apply to privately held companies. The act contains 11 titles, or sections, ranging from additional corporate board responsibilities to criminal penalties, and requires the Securities and Exchange Commission (SEC) to implement rulings on requirements to comply with the new law. Harvey Pitt, the 26th chairman of the Securities and Exchange Commission (SEC), led the SEC in the adoption of dozens of rules to implement the Sarbanes–Oxley Act. It created a new, quasi-public...
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