Legal and Ethics in Business Environment Name: Institution: Legal and Ethics in Business Environment Introduction After working as an employee for Coca Cola Company for a period of 20 years, I accrued enough capital to establish my own company. The investment sector presents many challenges when one invests on a global scale. The main challenge comes when the country you invest in suffers from political instability. It usually happens on unlikely basis that the investor does not anticipate. However, in the field of business, taking risks begets success. I decided to invest in foods and beverage industry on a global scale, which brings the focus of the main focus of this paper. My company Thellesi is an international company with over 50 branches worldwide. It processes canned food. Among the countries that we deliver our products includes Kenya which is experiencing much violence, riots of citizens, terrorism, war between Christians and Muslims, strikes of organization such as doctors and teachers, immerse theft, post-election skirmishes and other atrocities. The financial performance of this country has been entirely solid, and the forecast is extremely brilliant. Bearing in mind that our employees and resources are in this country we need to look for a way forward. Our employees play a very important role in our company; therefore, we need to look at issues concerning their safety and welfare not forgetting their rights. The reputation of the company is affected if the current state of the country does not change. The future and prosperity of Thellesi rely on the decisions we make as team and company; therefore, we should take the best action with regards to this issue for the sake and interests of the company’s future... ... middle of paper ... ...ys attention to the grievances from the two parties and lawfully grants a just and fair ruling. Conclusion If we consider the option of retreating, we will lose a lot including making our own employees jobless and loss to the company .Given the country as a major financial element, closing down the company will be the last option. It is from this context that I come forward with abject firmness to our employees and the entire Thellesi Company that our safety does not merely depend on the country Kenya but solely the entire world. These laws protect us. The individuals who feel violated should sound an alarm irrespective of the situation. The laws favor the investor more as opposed to the host making s us on the up edge. We should solder on strongly with no fear whatsoever to make Thellesi a better place to work in and give a positive image of ill-fated country.
The law is seen in two ways; as being fair, neutral and having an unbiased arbitrator,
In developing a policy people need to recognize a problem, the concern can be of natural disaster, unsafe workplace, or the cost of medical insurance; all these function as distressers to people. To take control of the problem, the society needs to recognize that the government can and should attain to the problem and solve the public’s concern (N.A., 2015). The policymaking process starts off with Policy Formulation Phase which consists of the critical first step in policymaking which is Agenda setting; this process describes the steps by which particular problems, possible solutions and political circumstances emerge (Longest, 2010). The problems as previously stated are society concerns of natural disaster, unsafe workplace, and the cost of medical insurance, to name a few. As a society initiates a problem, there should be a possible solution or alternative solutions to move the processes into Political Circumstances. In the process of a problem and a solution being finalized, it will not be sufficient en...
Do you agree with Schmeltekopf that business schools are not preparing students well for the for the ethical challenges they will face in the workplace? Why or why not?
and remedies applied by courts of law in civil proceedings giving the plaintiff or claimant relief
Ethics have been apart of life since we born. We are taught at a young age to not still, and that it is bad; to always hold that door open for older people, and to just be whole heartily kind. Also we have to think ethically every decision we have to make and to take everything in apart of what you decide, even keeping you in interest. It is important to consider a situation or contest in which moral problems occur. Also it is important to establish moral principles, rules and guidelines. Another is on how businesses apply ethics to make then well rounded, which is important for anyone in business or going into business. The last important thing is why we cannot have the central problems of morality how to attain agreement in a moral system
Explain the connection between the economic model of corporate social responsibility and “free market” or “neoclassical” economic theory.
Investing or venturing into the international market involves critical analysis of the internal and external environment in which the company operates. Usually, a company will decide to venture internationally due to a saturated market or fierce competition in the current country of operation. The demand for a company’s products may have diminished as a result of an economic crisis thus the company will target a foreign market to sustain its sales. In other words, the firms expand internationally to seek new customers for its products. For example, the current Euro zone crisis led to low demand in Europe and many companies extended their businesses to emerging markets where demand was high. A company may also venture in the international market to enhance the cost-effectiveness of its operations especially for manufacturing companies that will benefit from low costs of production in developing world. Global expansion is a long term project as it involves demanding logistics to be successful. Thorough research must be undertaken to ensure that the expansion will create value for share...
For example, in 2012 a Bangladesh factory producing garments for American and European companies caught fire killing 117 factory workers (Cooper, 2014). Additionally, in 2013 another factory in Bangladesh collapsed killing 1,100 workers, which was caused by foundational issues from the upper floors being built without a permit (Cooper, 2014). These incidents ignited outrage over both unsafe and unfair working conditions as well as the exploitation from MNCs, who had extremely profitable contracts with these factories. Consequently, due to public outcry the formation of enhanced government regulations, oversight, business initiatives, and public efforts have surfaced (Cooper, 2014). Although these issues have not been completely resolved, the question over the extent of which MNCs are responsible for adequate workplace safety remains a controversial topic. However, strategic efforts from these companies indicate the importance and necessity of remaining proactive in a globalized economy. These efforts consist of the formation of minimum workforce standards, compliance regulations, financial support, and long-term contractual
The force of globalization sped up by highly technological advancement rapidly increases the uncertainty and complexity of the international business environment. To prosper, organizations must adapt to the changing environment (Waddell, Creed, Cummings & Worely, 2014). On a global stage of competition, Fonterra Co-operative Group Limited (Fonterra) has maintained its momentum of growth and reserved its renowned place among the top five world’s dairy giants in 2013.
1) He is facing huge protestation from the employees due to their angriness. This is because the employees are resisting the change in the organisation which is break out in the form of their protesting nature.
Russel Y., Topper S., Akerman L., Oliveira J., Strydom Z.; 2013; Studying Business NSC Business Studies Grade 12; 2013 Edition; Paardekraal; Excom Publishers; 26/05/2014
to argue a case provided the conditions set out by law are met. It is
Provide an understanding of pressures that can affect an international company accused of worker exploitation.
...sfied with the outcome and resolution from the mediation session, the parties are given liberties to engage with a court procedure.
The Facts: Kermit Vandivier works for B.F. Goodrich. His job assignment was to write the qualifying report on the four disk brakes for LTV Aerospace Corporation. LTV purchased aircraft brakes from B.F. Goodrich for the Air Force. Goodrich desperately wanted the contract because it guaranteed a commitment from the Air Force on future brake purchases for the A7D from them, even if they lost money on the initial contract.