...CSR, LMCMC metals company founded by Mr. Lawrence Marconi in 1945 to supply steel to the new Pontiac-Fisher Body plant in Hamilton, Ontario and Mr. Jack Hampton, vice president of sales for LMC metals company shock when he received a letter from one of his supplier GENESCO who are planning a very special meeting for their peak performer in the sales department. They ask Mr. Hampton to sponsor one of their events to show their presence and gratitude towards the company. List of the sponsorship events along with their cost are described in the letter. 1. GENESCO was a leading national and international producer of heavy industrial equipment. GENESCO vice president and General Manager Mr. Joseph P. Sanctity ask LMCMC there supplier to sponsor one of their sales event to be a part of GENESCO family and meet & greet with their Regional Vice President, District General Managers, and Sales Representatives. The key ethical business problem is to sponsor one of the event organize by GENESCO even GENESCO knew the limited nature of LMCMC’s promotional budget. It’s an ethical business problem for LMCMC how to sponsor this event. Reasons in support of it are: a) According to law these kind of request are prohibited. As mentioned in the case competition in the industry was such that an average profit margin was about 3 percent of sales. Government regulation such as the Foreign Corrupt Practice Act of 1977 and its revision in the Omnibus Trade Act in the late 1980s had influenced...
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...1. The key ethical issue of American clothing company. a) The key ethical issue of American clothing company is it has to do something to meet the losses in slack sales periods caused by too many workers such as layoffs. However, such behavior is deviated from the company’s fundamental tenet for this company take the concept that apparel manufacturing should treat worker as well as possible. b) Reasons for such ethical issue are 1) Treating employees well is the company’s core belief. Randomly laying off workers contradicts to the values, but 2) the reality force determines that the company has to do something to avert the loss. Therefore, American Clothing Company faces the dilemma of making trade-offs between these two. 2. Two critical stakeholders of American Clothing Company and how they are affected. a) Two critical stakeholders of American clothing company are employees and shareholders. Employees should be considered as critical stakeholders because their benefits would be undoubtedly affected if being fired. Then, shareholders’ benefits can also be affected in that the profitability of the company would be influenced by the resolution of the problem. b) If the company chooses to lay off their employees, 1) for affected employees, they will lose their economic sources, and have to find another job for survival. 2) For shareholders, the company may lose their reputation for the layoff, which contradicts to their public image. Thus their long-term profitability may...
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...ADMS 3660 MIDTERM NOTES Chapter 1 and Parable of the Sandhu Case * Watched video on Disney and how they treat employees, work is a performance etc. * Ethics is the study of morality * Morality refers to the standards that an individual or group has about what is right/wrong, good/evil. * Business Ethics concentrates on moral standards as they apply to business policies, institutions, and behaviour * Corporate Social Responsibility refers specifically to a description and moral evaluation of the impact than an organization has on society * Ethics can be a business constraint “ethics costs” but also an advantage “ethics pays” 1970 – 1985: Rise of business ethics (academia) 1985 – 1995: Ethics into firms 1995 – 2000: Internationalization 2000 – 2012: Corporate Scandals and government regulation * Ethics Scandal Costs: Fines, lawsuits, prison, investor losses, bankruptcies, unemployment, and increased regulation * Market Morality: Will everyone invest their money as agreed or will greed effect them? * Parable of the Sandhu Ethics vs. the law Unclear over moral responsibility Easier to say what is morally right than to do it * Employees value health and safety ethics Consumers value product safety Shareholders want return on investment Need to look at environment * Macroenvironment: social, economic, political, technological factors * Our society is pluralistic in nature * Pluralism: there is diffusion of...
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...A Project Study Report On Training Undertaken at HDFC Bank Ltd Titled RETAIL LOAN & PARA BANKING PRODUCT IN HDFC BANK LTD. Submitted in partial fulfillment for the Award of degree of MASTER OF BUSINESS ADMINISTRATION |Submitted by |Submitted to | |Abhimanyu Singh Rathore |Mrs. Dhwani Mishra | |MBA Part IV |Faculty Member | 2007-2009 IILM Academy Of Higher Learning, Jaipur Campus (Affiliated to the University of Raj. & Raj. Technical University, Approved by AICTE, Ministry of HRD, Govt. of India) Preface It’s my pleasure and delight to bring out a comprehensive and concise study in organization about RETAIL BANKING System. This study will help in identifying the strength and weakness of the BANKING and also working a quick comparison with ICICI Bank. It will help in taking strategic decision. I’m highly grateful to Mr. Amit Sharma and my helping co trainees. There are innumerable persons who have contributed in brining out this study report of Banking System in India with Specific reference to HDFC Bank Ltd. Acknowledgement I express my sincere thanks...
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