...Global Peter Drucker Challenge Essay Contest Social Responsibility and Managerial Ethics A Focus on MNCs Prepared by: Kidus G.Mehalu Addis Ababa, Ethiopia August 2011 Social Responsibility and Ethics of MNCs The 2nd Peter Drucker’s Challenge Social Responsibility and Managerial Ethics -A Focus on MNCs . 1.1 Introductory Remarks Managers today are usually quite sensitive to issues of social responsibility and ethical behavior because of pressures from the public, interest groups, legal and governmental concerns, and media coverage. It is less clear where to draw the line between socially responsible behavior and the corporation’s other concerns, or between the conflicting expectations of ethical behavior among different countries. This essay on social responsibility and ethics set externally to international managers and thus in a sense outside their realm of control, is the expectation of appropriate behavior. This behavior is measured both in terms of social responsibility of the organization as such, as well as ethical behavior of individual managers. In addition to these expectations there is an onus on organizations and managers alike to manage the relationship with the host country. Having noted this, I shall now move on to the main issues this essay has set out to address in the following manner: 1.2 Global Interdependence Global interdependence is a compelling dimension of the global business environment, creating demands on international managers to take...
Words: 3216 - Pages: 13
...Topic 4 Managing The Environment What’s Your Global Perspective? • Parochialism - viewing the world solely through your own perspectives, leading to an inability to recognize differences between people. • Ethnocentric Attitude - the parochialistic belief that the best work approaches and practices are those of the home country. Other Global Perspectives • Polycentric Attitude - the view that the managers in the host country know the best work approaches and practices for running their business. • Geocentric Attitude - a world-oriented view that focuses on using the best approaches and people from around the globe. Understanding the Global Environment – Trading Alliances • European Union (EU) - a union of 27 European nations created as a unified economic and trade entity with the Euro as a single common currency. Exhibit 4-1 European Union Map Trading Alliances (cont.) • North American Free Trade Agreement (NAFTA) - an agreement among the Mexican, Canadian, and U.S. governments in which certain barriers to trade have been eliminated. Trading Allowances (cont.) • Association of Southeast Asian Nations (ASEAN) - A trading alliance of 10 Southeast Asian nations Exhibit 4-2 ASEAN Map Global Trade Mechanisms • World Trade Organization (WTO) - a global organization of 153 countries that deals with the rules of trade among nations. • International Monetary Fund (IMF) - an organization of 185 countries that promotes international monetary cooperation...
Words: 712 - Pages: 3
...Task 1: Define the strategic planning terminologies such as missions, visions, objectives, goals, core competencies. Present the missions, vision, goal, and objectives statements of Myanmar Noble College. The way to make money is to go into business. Then you are rewarded for the risks you take with the skills and knowledge that you have. The simplest form is that of a sole proprietor. Then you are the business. A company's mission statement is a constant reminder to its employees of why the company exists and what the founders envisioned when they put their fame and fortune at risk to breathe life into their dreams. The mission statement should guide the actions of the organization, spell out its overall goal, provide a path, and guide decision making. It provides "the framework or context within which the company's strategies are formulated." It's like a goal for what the company wants to do for the world. After designing a strategy for our small business, we will need to track whether our desired results occurred as expected. Strategic controls help us do this by analyzing the company and its ability to maximize its strengths and opportunities. The objective of Myanmar Noble College is to produce qualified Higher National Diploma (HND) students. And aiming for success is the goal of the Myanmar Noble College. Core competencies Core competencies are a strategic approach involves identifying a firm’s competencies. These competences develop in a variety of ways. • Experience...
Words: 3541 - Pages: 15
...December 22, 2014 IT245-1404B-09: Introduction to Network Managment Network Management Guide Duane Osburn Table of Contents Identifying the network 4 Overview 4 Network Description 4 Connections 5 Administrators 5 Security 6 Monitoring and Maintenance 6 Network Issues 7 Diagramming the Network 8 At the Hospital Level 8 At the Main Network Center (MNC) 9 Remote Personnel Access 10 Authentication 10 Hospital Level Diagram 11 MNC Diagram 12 Network Models 13 OSI Model 13 Physical Layer 14 Data Link Layer 15 Network Layer 16 Transport Layer 17 Session Layer 17 Presentation Layer 18 Application Layer 18 FCAPS 19 Fault Management 19 Configuration Level 19 Accounting Level 20 Performance Management 20 Security Management 20 Protocols and Agents 22 Optical Transport Network (OTN) 22 IEEE 802.11AC Wi-Fi 22 Spanning Tree Protocol (STP) 23 Integrated Services Digital Network (ISDN) 23 TCP/IP 24 Remote Authentication Dial-In User Service (RADIUS) 24 Post Office Protocol 3 (POP3) 25 Simple Network Management Protocol (SNMP) 26 Network Security 27 Confidential & Sensitive Data 27 Remote Access Use and Authorizations 29 Network Access and Restrictions 30 Network Management 32 Hardware and Software Management 32 Network Metrics – Recording, Use and SLAs 33 Existing Network Issue Resolutions 34 References 35 Identifying the network Overview C.H.I.N(California Health Information Network)...
Words: 11726 - Pages: 47
...organized her views about the Swiss film production company she had been working with into the familiar four categories. She was still not entirely convinced that she had made the right decision a few minutes earlier on the phone, when she firmly announced to the Director of the film company that she had decided not to invest in his venture, and not to join him as a full Partner. It had been a difficult decision to make; since early childhood she had nurtured the fantasy of some day writing and directing films that would tell a dramatic story, maybe even influence lives. Working with the director of the Swiss film production company for the past eighteen months, she could not help but admit to herself that producing films in fact entailed running around to find and structure the financing, and endless arguments with distribution companies, and constantly making deals that did not stick. Even the glamour of participating in the annual rituals at the Cannes Film Festival somehow did not compensate for all the superficiality that she had discovered the film business entailed. The ringing phone interrupted her reflections. Her first thought was, “I hope it‟s not the Director calling back to change my mind!” The voice of the caller was vaguely familiar, “Katrin, this is Trevor Johnson, surely you do remember – the Dean from BSL (Business School Lausanne), you called me Dr. Johnson? Well, to cut a long story short, I...
Words: 9446 - Pages: 38
...organized her views about the Swiss film production company she had been working with into the familiar four categories. She was still not entirely convinced that she had made the right decision a few minutes earlier on the phone, when she firmly announced to the Director of the film company that she had decided not to invest in his venture, and not to join him as a full Partner. It had been a difficult decision to make; since early childhood she had nurtured the fantasy of some day writing and directing films that would tell a dramatic story, maybe even influence lives. Working with the director of the Swiss film production company for the past eighteen months, she could not help but admit to herself that producing films in fact entailed running around to find and structure the financing, and endless arguments with distribution companies, and constantly making deals that did not stick. Even the glamour of participating in the annual rituals at the Cannes Film Festival somehow did not compensate for all the superficiality that she had discovered the film business entailed. The ringing phone interrupted her reflections. Her first thought was, “I hope it‟s not the Director calling back to change my mind!” The voice of the caller was vaguely familiar, “Katrin, this is Trevor Johnson, surely you do remember – the Dean from BSL (Business School Lausanne), you called me Dr. Johnson? Well, to cut a long story short, I...
Words: 9446 - Pages: 38
...International Business ( Semester 2, 2014) * Topic 1: Context * Globalization: There is no agreed or consistent definition for globalization but the key features including: * Everything and everyone equal * Intensive and rapid flows cross border flows (eg product, finance) * Not just economic but social, culture also. * Implication for nation states (countries)- a loss on power for the countries on politically as well as economically. * “ Globalization is about growing mobility across frontiers- mobility of goods and commodities, mobility of information and communications products and services, and mobility of people” ( Robins 2000). * Globalization has become a leading concept in doing business during last few decades, there are various aspects of globalization that influencing in doing business such as Competition, exchange of technology, knowledge/information transfer. * Competition: there is increase in competition. It can relate to product, service cost, price, target market, technological adaptation, quick response, quick production by companies. Company needs to focus on production with less cost to sell cheaper in order to increase its market share. On the other hand, customers also have a large multitude of choices in the markets and it affects their behavior: they want to acquire goods and services quickly and in more efficient way than before with high expectation in quality and low prices. * Exchange of...
Words: 12315 - Pages: 50
...Multinational companies and China: What future? Multinational companies and China: What future? Contents Preface Executive summary Introduction Chapter 1: The big picture Hope, hype and reality Justified optimism? Chapter 2: The consumption story Chapter 3: The perils of success Is it enough One strategy, or two? Is it too much? Lacoste: Who’s your benchmark? Chapter 4: Whose hubris? Suddenly uncertain Chapter 5: The invisible hand Aiming high The real issue A non-standard approach At what price? High-speed trains: A series of unfortunate events Getting on with it Chapter 6: Honour thy master The renminbi By other means Nissan: According to plan Investing in R&D Chapter 7: Gearing up to play the game Overcoming the fear factor Appendix: Survey results 2 3 6 9 10 12 13 16 16 19 20 22 23 25 28 29 30 32 32 33 34 36 38 41 42 43 44 46 48 1 Multinational companies and China: What future? Preface Multinational companies and China: What future? is an Economist Intelligence Unit report, sponsored by CICC. The EIU conducted the survey and interviews independently and wrote the report. Gaddi Tam was responsible for layout. The cover design is by Harry Harrison. The findings and views expressed here are those of the EIU alone and do not necessarily reflect the views of the sponsor. Many interviewees for this report have asked to remain anonymous and we have respected their wishes. We would like to thank all interviewees for their time and insights...
Words: 23969 - Pages: 96
...its in-house brand Amazon Basics. Amazon has separate retail websites for United States, United Kingdom & Ireland, France, Canada, Germany, The Netherlands, Italy, Spain, Australia, Brazil, Japan, China, India and Mexico. Amazon also offers international shipping to certain other countries for some of its products.[13] In 2011, it had professed an intention to launch its websites in Poland[14] and Sweden.[15] Names of All Group Members Awes Alrefae 8993 Yaman Naqawa 8282 Ahmad Alazmi 11608 Mohammed Alghoul Amazon.com: Global Strategic Analysis in internet and online industry: The Future of online shopping Competition Systems. GROUP GLOBAL STRATEGIC ANALYSIS PROJECT FOR MGMT 471 ROLE OF THE GLOBAL CORPORATION Sections of Your Group Global Strategic Analysis Report Must Include: Title Date Names and GUST IDS of All Group Members Executive Summary (as Shown on Front Page of Report) Country Background ***New Section for the Final Report** Industry Background Main Company...
Words: 2319 - Pages: 10
...Executive Summery Most of the South Asian economies (e.g. India, Pakistan and Bangladesh) have made significant economic progress in the last two decades and are well on track to becoming major regional or even world economic powerhouses. In the recent years, many MNCs are increasingly putting more attention to the emerging. Asian countries for competitive advantage. One classic example is China. With a population of more than 1.3 billion China is predicted to be the largest economy in the world by next 20 years surpassing United States (UN Report 2007). China has become the manufacturing and investment hub for many MNCs. Despite huge success for most of the MNCs, many already failed in doing business in China due to their management’s inability to manage their human resources appropriately. Taking the Chinese lead like the tiger economies in Asia, Bangladesh is also emerging as a dynamic and significant economic player in South Asia. Bangladesh is one of the pioneers in the region for economic liberalization. It has adopted the best policies of South Asia to attract Foreign Direct Investment (FDI). Doing business in Bangladesh is much easier than most of the developing countries. A recent report entitled “Doing Business in 2007: Creating Jobs” published jointly by World Bank and IFC placed Bangladesh in 68th position in terms of easy of doing business among 175 countries (World Bank, 2007). This places Bangladesh ahead of other countries in the region such as India (88th)...
Words: 21445 - Pages: 86
...###Descriptive Practice Set for Bank PO exam### Below are the topics given from previous bank PO, Clerical exams. An essay is given to write on these topics or a report is to be write upto 150 to 200 words 1. The Lehmann Crash 2. The market downslide 3. Leadership is doing the right things; Management is doing things right 4. Corporate Social Responsibility benefits the bottom line 5. Has globalization really worked? 6. Integrity at work 7. Buying options: A matter of trust 8. People: The most important asset of any enterprise 9. The second great crash 10. Management styles: Why things go wrong? 11. Do we need to dress for success? 12. What do Chief Executive Officers do? 13. The element of Risk in management. 14. Outsourcing to reduce risk 15. Management is what managers do 16. Terrorism benefits whom 17. Nation’s growth must be inclusive 18. Chandrayaan – One giant leap for Indian Astrophysicists 19. The secret to winning more gold in the Olympics 20. The ban on smoking- Gimmick or success 21. Why does a nation need forex reserves? 22. What makes you a suitable candidate for an MBA? 23. Is India really shining? 24. What is revenue deficit? 25. What is the job of the Manager? 26. Is democracy working for India? 27. Performance appraisal- A Useful tool for growth 28. Corruption an outcome of Democracy 29. Agricultural subsidies: A Boon or a Bane 30. Do we need a dictator? 31. Does the media need censorship? 32. Reforms in education – a necessity ...
Words: 2968 - Pages: 12
...Outline a plan that managers in the low-calories, frozen microwaveable food company could follow in anticipation of raising prices when selecting pricing strategies for making their products response to a change in price less elastic. Provide a rationale for your response. To outline a plan that managers in the low-calories, frozen microwaveable food company could follow in anticipation of raising prices when selecting pricing strategies for making their products response to a change in price less elastic would detail a pricing strategy that would have no impact on the way consumers perceive and buy these products. Generally we see such demand only in situations in which the good or services are indispensable and the consumers cannot do without those, but not in the case of the microwaveable food products. The demand function for low calorie microwaveable food largely depends on the price of the product, its relative (substitute) product, advertisement overheads and consumer income. From the demand function and the elasticity considered, it is established that the market for the low calorie microwaveable foodstuff fit in to a market of monopolistic competitive manner. A monopolistic competitive is distinguished by a reasonable number of buyers and sellers. As a result people can change to another brand if a specific brand charges a soaring price. However monopolistic competitive suppliers carry out product differentiation. Profit (NP) = Total Revenue (TR) Total Cost...
Words: 1998 - Pages: 8
...MULTINATIONAL COST OF CAPITAL AND CAPITAL STRUCTURE LEARNING OBJECTIVES The specific objectives of this chapter are to: l explain how corporate and country characteristics influence an MNC’s cost of capital, explain why there are differences in the costs of capital among countries, and explain how corporate and country characteristics are considered by an MNC when it establishes its capital structure. l l An MNC finances its operations by using a mixture of fixed interest borrowing and equity financing that can minimize the overall cost of capital (the weighted average of its interest rate and dividend payments). By minimizing the cost of capital used to finance a given size and risk of operations, financial managers can maximize the value of the company and therefore maximize shareholder wealth. 25 26 MULTINATIONAL COST OF CAPITAL AND CAPITAL STRUCTURE BACKGROUND ON COST OF CAPITAL Apart from working capital, a firm’s capital consists of equity (retained earnings and funds obtained by issuing shares) and debt (borrowed funds). With these funds a firm invests in a portfolio of projects, each project potentially offering different risks and different returns. The interest rate that the firm applies or charges to these projects (the cost of using the firm’s capital) will therefore vary according to the project’s particular risk. Profitable investment in this context is where the firm invests in projects that achieve returns greater than that required by their risk. A project...
Words: 19422 - Pages: 78
...| | |[pic] | |Assignment Submission Sheet | | | |Student name: MARTIN RONAN | | | |Lecturer name: JOHANNA FAHY | | | |Module: RESEARCH PROJECT | | | |Course :BA Business Administration PT | | ...
Words: 10944 - Pages: 44
...AT&T Marketing Strategy Indicates Next-Gen iPhone Could Be Called "4G" BY A.T. Faust III on Fri May 06th, 2011 http://appadvice.com/appnn/2011/05/att-marketing-strategy-nextgen-iphone-called-4g Since time immemorial (read, “2008″), man has, with each impending refresh, debated the potential hot new names for Apple’s certain hot new iDevices. We are in such an era right now. With the upcoming unveiling of the next-generation iPhone, speculation is running wild regarding the name to be bestown upon it. iPhone 4G? iPhone 4S? iPhone 4GS? iPhone 5? iPhone SomethingElseEntirely? We don’t know (and won’t know) until Apple tells us, but some conspiracy theorists have noticed some promoted half-truths coming out of AT&T’s marketing department about what exactly constitutes cellular “4G” speed. Says Chris Ziegler, We’re well past the dream of saving the term “4G” to describe 100Mbps mobile networks, which was the original intent laid out by the UN’s International Telecommunication Union early in the last decade. We’re also well past saving it for LTE and WiMAX… But I’ve realized today that the term has reached new levels of irrelevance, because [At&T and T-Mobile are] not even saving it to describe the full capabilities of their newly-upgraded HSPA+ networks. The takeaway from this line of product-designation is simple: “4G” no longer means “4G,” nor does it even mean the slower 21 Mbps HSPA+. No, “4G” now means anything in the ballpark of 14.4 Mbps transfer capability. Or, you...
Words: 2551 - Pages: 11
