...Running Head: Ford Motor Company and the Toyota Motor Corporation Ford Motor Company and the Toyota Motor Corporation AIU – MGT680 Abstract Two major automakers are Toyota and Ford. This paper will compare the two companies to better understand the contributions to for success of each company. This paper will include a SWOT analysis which identifies strengths, weaknesses, opportunities, and threats to these companies. It will also include a plan of action for one weakness to turn them into strengths. It will discuss the current issues being faced by each company and how it affects the global operation because of the importance. Ford Motor Company and the Toyota Motor Corporation Ford Motor Company was started by Henry Ford in 1903 (Heritage, 2014). Toyota Motor Corporation was started by Kiichiro Toyoda in 1935 (50 Years, 2014). While each firm has been able to develop a relationship between the political and economic forces within their communities, they also understand a strategic plan is important and will guide them to an effective relationship within their communities. This type of plan will help the two firms build brand name as both firms have successfully done. The following table will illustrate the main issues Ford and Toyota are facing. It briefly explains the current position or view of each company to help better understand who the two firms view their community responsibilities. Issues Ford Toyota Legal, Social and Economic Environments Follows...
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...shareholders and workers in a traditional, capitalist corporation; The Ford Motor Company and compare and contrast the findings with the treatment of these stakeholders in the Mondragon Cooperative Corporation. The structure of this essay will be as follows; firstly the fundamental differences between the two contrasting organisations will be examined and how these differences impact the ethical treatment of the relevant stakeholders; secondly, the ethical treatment of shareholders in regards to corporate governance and the executive’s accountability and control will be investigated, and lastly, the ethical treatment of workers within the two contrasting organisations will be scrutinized in relation to the employees right to participation and association, as well as the right to fair wages. To frame the purpose of this essay; to investigate the ethical treatment of shareholders and workers in a traditional, capitalist corporation compared to the treatment of these stakeholders in the Mondragon Cooperative Corporation, it is imperative to firstly examine the contrasting ideologies and points of difference between the two ways of organising. In understanding the fundamental differences between the two contrasting organisations, it is then possible to recognise the ethical dilemmas that arise for both shareholders and workers. The fundamental differences between a traditional capitalist corporation and the Mondragon Cooperative Corporation are the capital-ownership structures, the difference...
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...Part A (The Report) Sole Proprietorship A sole proprietorship is the most common form of forming a business in the United States. The individual that forms the sole proprietorship and the business is one in the same. For example, if the business owes creditors money, the individual who created the sole proprietorship business has to pay the bill. When entering into contracts the individual is actually agreeing to the contract since the person and business is one in the same. The biggest advantage of doing business under a sole proprietorship is that it is extremely easy to form since the individual creating the sole proprietorship is the business. They are fully responsible for all aspects of the business including making good on payments, collecting monies from customers, and providing the goods or services to their clients. Another reason individuals create sole proprietorships is the flexibility they gain by owning their own business. Since they do not have anybody to report to they can do as they please as far as hours, vacations, expansion, or direction of the business. However, there are many disadvantages that come with a sole proprietorship business. Since the individual is the business they are responsible for all financial responsibilities. They are responsible for ensuring all payments to creditors are paid on-time and in full. If the individual runs into financial issues they are responsible without protection. Also, sole proprietorships can only have one owner...
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...trading and director’s duties, under Corporation Acts 2001. A director will engage in insolvent trading in breach of section 588G of the Corporation Acts 2001(Cth) if the company incurs a debt and: a) The company is insolvent at the time of incurring the debt or becomes insolvent by incurring the debt; b) At the time the debt is incurred, there are reasonable grounds for suspecting that the company is insolvent or will become insolvent; c) The director is aware of such grounds or a reasonable person in a like position in a company in the circumstances of the company would be so aware; and d) The director fails to prevent the company from incurring the debt. Under the Corporations Act of 2001 section 95A, a company is declared to be insolvent if it cannot pay its debt. In the financial year of 2013, the director of the company Paul knew that the company was experiencing difficulties in terms of financial performance, and would not be able to meet all its debt issues. It was his duty as a director of the company to prevent it from further trading, because he knew the company’s financial position. He should have sought both legal and financial advice from the relevant authorities, so as to assist him to determine whether the company will be liquidated, or measures will be undertaken so as to revamp it. He ignored his duties as a director i.e. prevents the company from insolvent trading. This meant that under the Corporations Act 2001 section 588G, he committed...
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...DIANE GERINGER, individually, and as parent and next best friend of TARA GERINGER, and as surviving spouse of William Geringer, decedent, and mother of Jared Geringer, decedent, Plaintiff(s), v. WILDHORN RANCH, INC., a Colorado Corporation, M. R. WATTERS and LES BRETZKE, Defendants UNITED STATES DISTRICT COURT FOR THE DISTRICT OF COLORADO 706 F. Supp. 1442 December 14, 1988 (with professor edits) OPINION SHERMAN G. FINESILVER, CHIEF UNITED STATES DISTRICT JUDGE Plaintiff Diane Geringer brought this action in her own name and as guardian of her minor-daughter Tara Geringer, pursuant to Colorado law, seeking damages for personal injuries and the wrongful death of her husband William Geringer and minor-son Jared Geringer. Jurisdiction before this court is based on diversity of citizenship. 28 U.S.C. § 1332. During August of 1986, the Geringer family was vacationing at the Wildhorn Ranch Resort, a guest ranch located in Teller County, Colorado. William and Jared Geringer drowned during a boating accident on a lake at the Ranch. Paddleboating was among the recreational activities offered by the Resort. At trial, the liability evidence focused on the maintenance and condition of the paddleboats, operation of the Resort, and plaintiffs' conduct in procuring and operating the boat. Plaintiffs' case focused on repairs made a short time prior to the accident and defendants' knowledge that the boats leaked, filled with water, and became unstable. Defendants' case for...
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...and state government, but some things should not be separate. We should all pull together to help make our environment healthy and the people in this environment healthy and financially stable. Many churches have been known throughout the years for promoting Corporate Social Responsibility (CSR) by giving out a helping hand to those that are in need and speaking out of injustice. Now that the economy is in a terrible condition, companies and everyone have to promote CSR wherever they can. I am convinced that there is no need for traditional CSR where the main focus was only on the bottom line or company accountings. I believe that traditional CSR should be enhanced. Let’s look at how some companies promote CSR. Regarding promoting CSR, Ford (2012) reports that businesses in the Western country operate in a manner that benefits neighbors’ customers, staff and their environment with the concepts of CSR. He discussed two cases that have launched strategies in CSR. The first case is Panasonic. Panasonic is a Japanese company that promotes human rights and protection of the environment. This firm has a requirement that their suppliers must meet what they call a clean procurement policy and fair business embedding which calls for the supplier to supply safety and quality. The suppliers also must implement the Green procurement which is conserving the environment, and managing it. Another aspect is that the suppliers must be in compliance with its laws, regulations and ethics. This...
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...Proprietorship (b) Partnership (c) Corporation a) Sole Proprietorship In a Sole Proprietorship, there is no legal distinction between the Sole Proprietor's status as an individual from his or her status as a business owner. Although sole proprietorships are common in a variety of industries, they are concentrated primarily among small businesses such as repair shops, small retail stores and service providers such as plumbers, hairstylists and photographers. Advantages • Easiest to get started • Greatest Freedom of action • Maximum authority • Income tax advantage and Social Security advantage Disadvantages • Unlimited Liability • Death or illness endangers business • Growth limited to personal energies • Personal affairs easily mixed with business b) Partnership A partnership is an association of two or more persons who operate a business as co-owners by voluntary legal agreement. Many small businesses begin as partnerships between co-founders. Advantages • Two heads are better than one • Additional sources of venture capital • Better credit rating than corporation of Similar size Disadvantages • Death withdrawal, or bankruptcy of one partner affects business • Difficult to get rid of bad partner • Hazy lines of authority c) Corporation A Corporation is a legal organization with assets and liabilities separate from those of its owner. A corporation can be a large or small...
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...Accounting Reporting Criteria When financial mishaps such as the Tyco and Enron scandals came to light; it was evident that the Government needed to step in to ensure that corporations were reporting their finances accurately and honestly. For this reason Congress passed the Sarbanes Oxley Act (SOx) in 2002. The Act details the requirements for financial reporting for public corporations and is overseen by the Securities and Exchange Commission. The Sarbanes Oxley Act requires all publically traded corporations to follow strict requirements for financial accounting and reporting. Boeing and Airbus are the two leading rival builders of aircraft, and they do not follow the same regulations for internal controls. One of the reasons for these differences is due to the fact that Boeing in a domestic corporation and Airbus is an international corporation. For the purpose of this paper, Team E will compare and contrast regulatory environment, issues with foreign currency, and the differences in GAAP of the two corporations. The Boeing Company takes its regulatory governance very seriously and the company has worked very hard to meet the challenge of SOx compliance. In order to ensure the company is SOx compliant, Boeing has employed significant resources. One of these resources is the Corporate Audit organization. Corporate Audit is responsible for reviewing the internal control system to assure that all organizations are achieving the regulatory objectives and that the system is...
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...Shawntavia Bell Marketing TTh 9:30-10:45 January 27, 2013 Acxiom Corporation Acxiom Corporation is a multitrillion dollar database marketing industry located in Conway, AR. It is said to be the world’s largest commercial database on consumers. The corporation was started in Conway, AR in 1969 by Charles D. Ward. Also, the headquarters are in Little Rock, AR, which is around 30 miles from Conway, AR. It process more than 50 trillion data transactions a year from consumers. This industry of databases contains information from 500 million active consumers worldwide, with about 1500 points per person; which majority are adults in the United States. In the year 2012, it was profit of 77.26 million dollars on sales of 1.15 billion dollars. In 2012, they had 6,200 employees working for the corporation. Some of Acxiom customers are big banks such as Wells Fargo & HSBC, other companies such as Toyota, Ford, Macy’s, and many more. Acxiom started out like any other marketing corporation with newspapers, television, and radios. But then new technology came about. Acxiom now market through social networks and media. Social networks such as Twitter and Facebook allowed Acxiom to not only reach out to the consumers but to the public as well. Acxiom regulate and take part in all data assets, on behalf of data from many foundations to guarantee accurateness. Invalid or incomplete information is exchanged, giving the consumer the right information to make the right decisions. Acxiom...
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...Forms of Business Tiffany S. Eubanks LAW 531 November 27, 2011 Jonathon Jamison Forms of Business There are seven types of businesses considered for week two and each display a different way of running a corporation. The seven types are: sole proprietorship, partnership, limited liability partnership, limited liability company, S corporation, franchise, and corporate form. Each have their own perks and could be a preferred way of owning a company. When starting a company, one could look at these options and select what opportunity could be best for them. Sole proprietorship- This type of business cost less to begin because most the legal steps are shortened because of one acquiring a sole owner running the business. This type has a single owner making the decisions and receiving profit from the uprising company. One could find this type of business in smaller communities because it is so easy to start up. The term “mom and pop” store would come to mind when thinking of a solo proprietorship. Partnership- this is very similar to a sole proprietorship, but it consists of more than one owner. One would go into business with a person in the agreement between the two, There is no extra bookkeeping needed when having a partnership, and they are not considered employees of the business. Both receive the profit made of the company. This is great because one would have another to share the responsibility’s with when starting and running a company. An example...
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...Study Guide 3 1. Education and Social Movements a. Education America 2011- schools are there to hand out degrees not an education i. Bush and Obama: policy, emphasis, goals. ii. SDSU administration: policy, emphasis, goals. b. 1960s and Social Movements: characteristics, examples, successes... c. Backlash: Crisis of Democracy and making social movements invisible i. According to Samuel Huntington what was the “crisis of democracy” and what was the solution? ii. According to Huntington, the University contributed to the “crisis.” Why did he say this and how was restructuring the University a solution to the problem? iii. How have the changes at SDSU reflected Huntington’s solution to the “crisis” and the restructuring of the University? d. Education as a gatekeeper: funding, resources, knowledge, success. Terms: No Child Left Behind, Race to the Top, credentialism, Output efficiency: How many people can u graduate standardized testing, grassroots, astroturf, business model, quality education, tracking, Ability grouping: also called tracking standardized testing Rodriguez v. San Antonio: says that quality education is not guaranteed by the us constitution only a desk Property tax: taxes on residential and commercial property in a school district to fund the school, Foundations: A way to funnel private money into a school The Houston Miracle: the basis for no student left behind, ended up being a lie 2. Crime and the Criminal...
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...electric bikes (e-bikes) that have a motor and batteries. E-bikes require significantly less effort than traditional bikes and can go up to 25 mph. The e-bike’s motor is quiet and produces zero carbon emissions. E-bike sales are projected to increase in America as people become more environment and health conscious. Some companies with a long history of producing traditional bikes such as Schwinn are creating a division within the corporation to focus on e-bikes. Other companies such as Ultra Motor Company Limited have chosen to focus solely on e-bikes. This paper will discuss the advantages of private corporations and public corporations related to emerging products such as e-bikes. This paper will also address potential disadvantages of operating as a sole proprietorship for a growing business such as e-bike manufacturing and distribution. The advantages and disadvantages of the different forms of business ownership need to be explored to determine the best fit for a business. 1. Ultra Motor Company Limited is a private corporation. What are the advantages of being private and not being traded on a stock exchange? As a result of the Securities Exchange Act of 1934, companies that are traded on a stock exchange such as the New York Stock Exchange (NYSE) must register and file certain information with the U.S. Securities and Exchange Commission (SEC). The main objective is to protect investors from deceit and misrepresentation in the buying and selling of securities...
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...FINANCIAL MANAGEMENT Chapter 1 The Corporation Financial Management 2 How people in corporations make financial decisions? Financial decisions? Where, when, what, how much, how…etc. Mostly concern with three decisions: _______decisions, _________ decisions and _________decisions. Chapter Outline 1.1 The Four Types of Firms 1.2 Ownership Versus Control of Corporations 1.3 The Stock Market 3 1.1 The Four Types of Firms Sole Proprietorship Partnership Limited Liability Company Corporation 4 Legal forms of business organisation Sole proprietorship A business owned by a single individual, unlimited liability, limited access to capital, lack of continuity, constraints of various skills. Advantages Easy to create Disadvantages Unlimited personal liability Limited life 5 Legal forms of business organisation Partnership An association of two or more individuals joining together as co-owners to operate a business for profit, joint responsibility, involves partnership agreement, better access of capital/skills, continuity of business? partners are personally liable for all of the firm’s debts. A lender can require any partner to repay all of the firm’s outstanding debts. partnership ends with the death or withdrawal of any single partner. All The 6 1.1 The Four Types of Firms (cont'd) Partnership Limited Partnership has two types of owners. Partners ...
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...Unethical Behavior Analysis ACC/291 Unethical Behavior Analysis “The Sarbanes-Oxley Act of 2002 was intended to improve corporate governance and increase the transparency of financial audits” (Cosgrove, 2006). This was an effort to help curb unethical behavior in the corporate world. The effort was worth it, considering that “that 18% of employees perceived their companies as having a strong ethical culture - more than double the 2007 rate” (Bannon, 2010). This still does not stop all unethical behavior in the workplace. There are several reasons that unethical behavior takes place, but today we will focus on one…following your superior’s example. Superiors Behavior Employees will look to their immediate supervisor to determine what behaviors are allowable. If the supervisor is a no nonsense by the book leader, then the associates will know that they better do the same or face the consequences. And on the other hand if the supervisor is known to work around the rules, then their example is showing that it is acceptable to not follow all the rules. If a supervisor tells an employee that they don’t care how a task is done as long as it is done in the allotted amount of time or as long as the company or section looks good. It opens doors for unethical behavior, such as manipulating the numbers on financial reports to show better figures than are actually there. The Sarbanes-Oxley Act of 2002 By having guidelines for proper auditing set by...
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...Julian F. Perez 4/25/12 Marketing 620 Case Study Maitland Motors Dilemma Bruce Maitland owns Maitland Motors, a Ford/Lincoln-Mercury dealership in Twin Cities. It is the year of 1984 and the business is running very good thanks to important leases deals with Wisconsin-National, Inc. for the last 4 years. Bruce Maitland was able to start business with this well established corporation by becoming friend of Chuck Harper; a successful manager that with the past of time advanced through the corporation reaching top executive level which benefited Maitland Motors as well. Bruce Maitland provided personal favors to Chuck Harper and his successors within the path of Chuck’s career to be able to keep them happy and keep his business running and growing. Personal favors increased from Chuck Harper to three more employees in the corporation, implicating a problem to Bruce Maitland ethical standards. To reach the top of his problems, Chuck Harper has asked lately for his son to get a new Mustang convertible for his way to College as a gesture of friendship on Bruce’s part. This last favor really open Bruce’s eyes and starting to question him what he has gotten himself into. The problem that Bruce Maitland is confronting is how to stop these personal favors to Chuck and his successors without affecting the profitability and legal situation of his dealership. There are different alternatives Bruce could face in order to keep his business running in the same level of profitability...
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