d.). Financial corporate needs analyses patrons in the business them follow principles which lead a company to handle finances in the right way to develop a great business. The principles are involving in investment, financing, dividend (Damodarian, n. d.). Investing principles are about showing a returning stronger than the risk in investment projects. The financing principle has about chosen a balance between debt and equity, which increase the value of the investment; also it makes that the investment match with the asset financing.
According to researchers, “the impact of varies cultures also reinforces the need for extensive use of expatriate management training by accounting firms”. (Cohen, Pant, and Sharp, 1993) When manager are trained properly the decision making process will improve the benefits of the company. In this paper, we will look at research related to how multinational executive compensation should incorporate more control over their corporate governance and programs, better performance of audit and quality controls, and provide management training for their mangers. The gap in the literature showed poor signs of commitment in managements as it related to business ethics. Research shows the agency theory has been the primary foundation for research in the relationship between firm performance and executive compensation.
(2) Why should firms undertake corporate social responsibility? Corporate social responsibility (CSR) is a business approach that creates long-term shareholder value by embracing opportunities and managing risks derived from economic, environmental, and social developments. A CSR policy functions as a self-regulating mechanism whereby business monitors and ensures its active compliance with the law, ethical standards, and international norms. The goal of CSR is to embrace responsibility for the company's actions and encourage a positive impact through its activities on the environment, consumers, employees, communities, and stakeholders. Customer social responsibility can build the loyalty and trust that both ensure a bright and sustainable future in business.
In this paper I will discuss the idea that Alasdair MacIntyre put forth in his article “The Irrelevance of Ethics”; namely that business people cannot be ethical people because their trade prohibits it. Furthermore, being ethical would place them in a position of insurmountable disadvantage if they were to act ethically (Alasdair). Next I will discuss the Edward Romar’s position in his article “Virtue is Good Business: Confucianism as a Practical Business Ethic” which is that strong business use ethics and strong core values to grow their businesses (Romar). According to Romar strong ethics and a healthy benevolence isn’t optional; but completely necessary for a successful business. Lastly, I will discuss my own personal view and opinions
So what? After reading Bruce Alexander’s and Stefa Shaler’s essay “Addiction in Free Markets”, this would be the first reaction of many readers, as it was my reaction upon completion of the essay. Although Alexander and Shaler discussed a very important issue concerning ‘Addiction in Free Markets’, they do not provide sufficient resources or correlative research to prove their argument. Firstly, their thesis statement does not agree with many of the facts and statements that are being presented throughout the essay. Moreover, the essay sidetracks from what it is trying to prove to other aspects in life that are not related with the topic, and the transition of paragraphs is also not smooth.
If we study with a good strategy we won 't have any problems. this strategy have few steps to . First one is that we don 't learn fast. College is different than high school in lots of ways. For example in college they teach a lot of information at once and no one care that if you learn or not.
Concept of Social Responsibility Corporate Social Responsibility is management’s obligation to protect and promote their stakeholders welfare. Social Responsibility is more than just obvious ethical issues like honesty and integrity in business dealings. Stakeholders refer to individuals or groups of people that have an interest in a business. Management argues that as long as there is wealth for shareholders, then anything is done in a responsible manner and things should be done to promote the interest of other stakeholders. Interest groups The owners of Pick n Pay have contributed capital towards the business CSI projects, so the direct interest in the financial performance in the business impacts on the value of their investments.
The use of capital structure is important as it affect the firm profitability. Financial decision of a business organization becomes one of the important decisions that normally will represent by capital structure. Musiega, et al. (2013) claimed that choosing an appropriate capital structure will benefit the firm as it help a firm to adapt with various challenging and competitive business world thereby become more profitability. According to Zeitun and Tian (2007), managers who are able to identify the optimal capital structure will help the companies to increase the firm revenue or profitability and reduce the firm’s cost of finance.
This has in turn forced businesses to respond to the demands placed on them by their investors and re-examine the way they do business from the reduction of emissions and conservation of energy to practicing fair trade and standards of labor (Moskowitz, 2008). According to the DEG Investitions publications, there are various motives behind organizations taking part in corporate social responsibility. It is viewed as part of corporate strategy whereby it is out... ... middle of paper ... ..., 2010). By making it compulsory for business firms to disclose their political activities, one can imagine that they will be eager to differentiate themselves as being politically clean in the eyes of their clients. This will in turn mean that market competition will underpin instead of hinder the political world (Lyon, 2010).
Introduction In order to address the issue of right or wrong, the crucial starting point for business is the question of whether companies are actors who have to make decisions beyond simply producing goods and services on a profitable basis. The point is, if organizations are providing us great products and services to fulfill our needs and desires, hire best human resource to produce them and pay taxes on time, aren’t they are making a noticeable contribution to the society or do corporations have a moral responsibility, similar to what we as individuals have towards the society? Are organizations bound by a business conduct or ‘business ethics’ to keep practicing in the world? Questions on how to manage employees fairly, what are ethical responsibilities towards society, or what continues deception in advertising, are of equal importance for organizations such as Greenpeace, any democrat party; as they are for Volkswagen, Nestle, or Cadbury’s. What are business Ethics?