...Kitchen Best: Ethics when Doing Cross-Boundary Business in Southern China Case Summary Brief background and context: Kitchen Best is a Hong Kong-based electrical-appliance company founded by Chan Dong-hwa, who ran business with a paternalistic style. The company has a manufacturing facility in Guangdong and sells its wares to customers around the world. Henry Chan, the newly appointed CEO, has ambitious plans for business. He brought a more Western style to company and aimed to double the company’s revenue by 2012. However, due to his heavy reliance on the senior management, he lost sight of other management aspects of the business. A series of instances of misconduct and unethical behavior occurred, making him realize that the business is suffering from a lack of internal control. He needs to set up a more systematic internal control mechanism to ensure future growth target of the company. Who are the key players involved: i. Chan Dong-hwa – Founder and Chairman of Kitchen Best, leave daily management in 2010 due to health deterioration. ii. Henry Chan – Chief Executive, son of Chan Dong-hwa. iii. Li Qingyang – Silent partner with 25% equity stake; aunt of Li Meihua. iv. Ma Luk – Operations Director and Head of Greater China Business, report to Henry. v. Horatio Sze – Purchasing and Production Manager, report to Ma; Li’s grandson. vi. Macy Wei – Quality Control Manager, under Sze and report to Ma. vii. Eddie Lau – General Manager of Honghua...
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...Kitchen Best: Ethics when Doing Cross-Boundary Business in Southern China Case Summary Brief background and context: Kitchen Best is a Hong Kong-based electrical-appliance company founded by Chan Dong-hwa, who ran business with a paternalistic style. The company has a manufacturing facility in Guangdong and sells its wares to customers around the world. Henry Chan, the newly appointed CEO, has ambitious plans for business. He brought a more Western style to company and aimed to double the company’s revenue by 2012. However, due to his heavy reliance on the senior management, he lost sight of other management aspects of the business. A series of instances of misconduct and unethical behavior occurred, making him realize that the business is suffering from a lack of internal control. He needs to set up a more systematic internal control mechanism to ensure future growth target of the company. Who are the key players involved: i. Chan Dong-hwa – Founder and Chairman of Kitchen Best, leave daily management in 2010 due to health deterioration. ii. Henry Chan – Chief Executive, son of Chan Dong-hwa. iii. Li Qingyang – Silent partner with 25% equity stake; aunt of Li Meihua. iv. Ma Luk – Operations Director and Head of Greater China Business, report to Henry. v. Horatio Sze – Purchasing and Production Manager, report to Ma; Li’s grandson. vi. Macy Wei – Quality Control Manager, under Sze and report to Ma. vii. Eddie Lau – General Manager of Honghua and...
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...E04/Garmon/06 Outline Rough Draft 24 Feb 2012 Richard I the Lionheart I. Introduction of paper A. Hook (Attention Getting Statement) B. Background Information C. Thesis II. It would have been hard to find a more driving, ambitious and fiercely competitive family to be born into, but Richard would hold his own. A. Richard was the third surviving child of Henry II, one of the most astute and formidable of all English kings and the ruler of more of France than the French king himself. 1. Henry’s domains stretched from the Scottish border to the Pyrenees. He was twenty-four when Richard was born and the ravishingly beautiful, accomplished and willful Eleanor of Aquitaine, (Richard’s mother) was around thirty-five. 2. Both Eleanor and Henry were French and neither spoke English. 3. Their first son, William, had died in infancy. Their second child, Hennery, later known as the Young King, was two when Richard was born, and their daughter Matilda was one. There would be two more daughters and two more sons. B. Richard was born in Oxford, in Beaumont Palace which his Grandfather Henry I had built thirty years or so before. 1. There was no university yet at Oxford and the palace stood where Worcester College is today. 2. Out of all of Eleanor’s children, Richard was her favorite, but he didn’t see much of his mother or father as a child, as he grew older they were around more often. C. Fierce family quarrels gave Richard his first experience...
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...In God We Trust: Separation of Church and State: Mencken’s Creed and Scopes v. Tennessee The Mencken’s Creed describes the beliefs of Henry Louis Mencken, a prominent political commentator from the 20’s to the 40’s. The Creed is a simple collection of his strongest ideas. In summary, he believes religion, government, and ignorance will hold back the advancement of knowledge. While his ideals are extreme, there is a truth to be found within his work. The separation of church and state can only be beneficial to a country. To combine the two will disrupt the two systems and negate further advancement as whole. It will negatively affect other belief systems and the political system itself. Mencken does state this, but to a much more severe extent....
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...LAW204 - CONTRACTS Week 5 – Express Terms ___________ ** N.B. The main cases covered in lectures, containing MAIN RULES are highlighted in YELLOW! READINGS/LECTURE CHAPTER 10 – EXPRESS TERMS Introduction – Contents of a Contract? * Express Terms: contain contractual promise and terms that are capable of being Incorporation by pre-contractual statement: * Courts look at what the parties said * Have these statements become express terms? Statements the court acknowledges: * Irrelevant statements and Puffs: * Sales talk, exaggerations e.g. best on the market! * No reasonable person is supposed to take it seriously * No affect on contract, not actionable * Representations: * Factual statements which are intended to and do induce the representee to enter the contract not made to be binding * Merely representational/description with no promissory intent – truth not guaranteed by their marker * LACK ANY CONTRACTUAL FORCE * False representations may constitute a misrepresentation innocent party may be able to rescind the contract, or attract remedies under statue (misleading and deceptive conduct) * Legal action is limited to actions in negligence or fraud (deliberately lied to you) or misleading or deceptive conduct under s18 of Australian Consumer Law * Terms: * Contractual undertakings intended to be binding – not merely representational ...
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...economic theory of contracts—an issue of tractability? • Most likely overstated, hard to say for how much • Management: main failure of incentives seems to be ‘gaming’ not risk • Literature review: • Visit http://www.bris.ac.uk/cmpo/incentives/incentindex.html 1 1. Principal-agent model with moral hazard Data Agent utility: U(S, e) = S - e Employer profit: B = 0,20 V - S – 10 Relationship effort-results (e.g., sales): Effort (e) 2 1 Sales, m € (V) 100 0,25 0,75 200 0,75 0,25 sales ‘inform’ on effort Probability grows with effort Reservation utility = best alternative job U(S = 4, e = 1) = 4 -1=2-1=1 Observable effort Observability can contract on effort terms. ¿Low or high effort? Assumption: wage equal reservation utility: U(e=2) = S2 - 2 = 1 U(e=1) = S1 - 1 = 1 Profit will be 16 and 11 m: S2 = 9 S1 = 4 B(e=2) = 0,20 (0,25×100 + 0,75× 200) - 9 - 10 = 16 B(e=1) = 0,20 (0,75×100 + 0,25× 200) - 4 - 10 = 11 Efficient to contract high effort. 2 Non observable effort Possible solutions: contract e = 1 or motivate e = 2 To motivate e = 2, contract on V paying S1 ó S2 if V = 100 or 200 Objective (Max) B = 0,20 (0,25 100 +0,75 200) -(0,25 S1 +0,75 S2) -10 = = 25 - (0,25 S1 + 0,75 S2)) . Subject to: (a)...
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...Brown v. Board of Education Ronald Still Embry Riddle Aeronautical University Brown v. Board of Education Background The Supreme Court case of Brown v. Board of Education dates back to 1954, the case was centered on the Fourteenth Amendment and challenged the segregation of schools solely on the basis of race. The Brown case was not the only case of its time involving school segregation, the National Association for the Advancement of Colored People (NAACP) was leading the push to desegregate public schools in the United States (Gold, 2005). Brown v. Board of Education was a consolidation of four cases that had made their way through the court system. It was 1950 and Linda brown was just seven years old, she lived in Topeka, Kansas and was African American descent (she was black). Each mourning Linda traveled 21 blocks and crossed through a dangerous railroad yard to get to school. Her journey to school took an hour and twenty minutes. White children who lived in the same neighborhood only traveled 7 blocks in a considerably less amount of time (Gold, 2005). Linda’s father Oliver filed a lawsuit against the Topeka Board of Education arguing that he wanted the same conditions for his daughter (Brown v. Board of Education of Topeka, 2009). The case was heard by three judges in Federal District Court, and they ruled against the plaintiffs, the case went to Circuit Court of Appeals and then to the U.S Supreme Court (Topeka, Kansas: Segregation in the Heartland). ...
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...if you are working for a company and you are asked to do something that may be unethical weigh your options and make a sound decision accordingly to the benefit of the company and yourself morally. Parties The plaintiffs and defendants in this case are as follows: General Investment Corp. is a corporation based out of New Jersey (Plaintiff-Respondent), Anthony V. Angelini and Delores H. Angelini homeowners (Defendant-Appellants), Lustro Aluminum Products Inc. contracted to put siding on home (Defendant). The Supreme Court decided on June 7, 1971. Mr. Milton argued the case for the appellants, and Mr. Davis S. Baime argued the case for the respondent from Baime and Baime attorneys. Francis J. delivered the opinion of the court. Facts Anthony and Delores Angelini are homeowners that needed work done on their home. Lustro Aluminum Products is a contracting company that does home repair. The Angelini’s entered into a contract with Lustro for repair work on their home on December 10, 1966.” Lustro was licensed under the Home Repair Financing Act of New Jersey, chapter 41 laws 1960.” (General Investment Corporation v. Angelini) Lustro was to supply and install the “Gold Bond Plasticrylic Avocado Siding with Grey Sills & Trim. Apply Heavy Quilted Breather Foil on all wall areas around complete house. Corner posts to be green, all mullions to be fabricated in grey aluminum. Supply &...
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...include here the reason why you chose the particular topic or simply the significance of your research paper’s topic. You may also state what type of approach it is that you’ll be using in your paper for the entire discussion of your topic. Generally, your Introduction should state briefly all the major points of your topic your readers will be reading about. BODY The body of your paper is where you will be presenting all your arguments to support your thesis statement. Please be reminded of the “Rule of 3” where you should find 3 supporting arguments for each position you take. Start with a strong argument, followed by a stronger one, and end with the strongest argument as your final point. CONCLUSION Conclusion is where you form a summary of all your arguments and state your final stand. Explain why you’ve ended up with the said conclusion. RESEARCH PAPER OUTLINE EXAMPLES As mentioned earlier, here are...
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...UNIVERSITY OF ECONOMICS HO CHI MINH CITY International School of Business ------------------------------ Bui Trung Kien FACTORS AFFECTING THE FLUCTUATION OF LABOUR PRODUCTIVITY IN THE CONSTRUCTION PROJECTS MASTER OF BUSINESS (Honours) Ho Chi Minh City - 2012 UNIVERSITY OF ECONOMICS HO CHI MINH CITY International School of Business ------------------------------ Bui Trung Kien FACTORS AFFECTING THE FLUCTUATION OF LABOUR PRODUCTIVITY IN THE CONSTRUCTION PROJECTS ID: 60340102 MASTER OF BUSINESS (Honours) SUPERVISOR: Dr. CAO HAO THI Ho Chi Minh City - 2012 i ACKNOWLEDGMETS Firstly, I would like to express my deepest appreciation to my supervisor Dr. Cao Hao Thi for his professional guidance, valuable advice, continuous encouragement, and motivated support that made this thesis possible. I would like to extend deep senses of gratitude to Prof. Nguyen Dinh Tho and lecturers who have taught and transferred me valuable knowledge and experience during the period of Master of Business course at International School of Business. Special thanks, to all of my dear friends in MBUS 2010 class, who gave me useful material, response and experience to conducting this study. I would like to express my grateful thanks to my friends and all the construction company in Vietnam who participated in filling the questionnaires and provided the valuable information for this study. Personally, I wish to express my deep gratitude to my parents, my wife...
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...HOBBY LOBBY VS. THE AFFORDABLE CARE ACT Leonila Gonzalez oUR LADY OF THE LAKE UNIVERSITY HOBBY LOBBY VS. THE AFFORDABLE CARE ACT Leonila Gonzalez oUR LADY OF THE LAKE UNIVERSITY Businesses can be affected by many laws and mandates that are set by the state or federal government. It can be difficult for a small firm to stay in business when such mandates are passed. The Affordable Care Act was signed into law by President Obama on Mach 23, 2010. Key components to the law are improving quality and health care costs, new consumer protections and access to healthcare, and mandating that all firms provided insurance for their employees. Small Business Tax credits were also included as an incentive and a way to reduce cost for the smaller firms. (Human Health Services, 2014) In order for a firm to be exempt from providing insurance to its employees they had to be classified as a non-profit organization or a Church. A businesses classification will give them exemptions for example a non-profit organization. A non-profit organization can be defined as “an incorporated organization which exists for educational or charitable reasons, and from which its shareholders or trustees do not benefit financially” (Investor Words, 2014). Because of the mandates of the Affordable Care Act, it is now in the center of litigation in which a for-profit organization is asking for exemptions from providing women health care, contraceptives, due to the owner’s religious belief. (Reese...
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...What immediate problems did Henry VII after he had defeated Richard III (at Bosworth) and how did he solve them? His claim to the throne was weak; in fact it was the weakest claim since William the Conqueror. His claim was through an illegitimate line (somewhere in his family history two of his ancestors had not been married) and he was technically barred from the throne. Other claimants (people who thought they had a right to be King) included: 1. Edward, Earl of Warwick – Nephew of Richard III and Edward IV. 2. John de la Pole, Earl of Lincoln – Nephew of Richard III and Edward IV. He had been nominated by Richard III as his heir. 3. Edmund de la Pole – Nephew of Edward IV and Richard III. 4. The Princes in the Tower - Edward V and his brother Richard. Sons of Edward IV. The Yorkists still had support in the north of England and in Ireland and had a powerful ally in Richard III's sister Margaret, dowager duchess of Burgundy. This made it inevitable that other claimants would crop up and challenge Henry for the throne. Many of the barons/nobles still possessed armies (retainers) that were a constant threat to Henry and peace in the country. (Overmighty subjects) The crown's treasury was nearly empty after the 100 Years War and the subsequent War of the Roses. England did not enjoy good relations with many countries of Europe. There was a constant threat of invasion from Europe on behalf of the Yorkists. All the powers of Europe doubted Henry's ability to survive, and most were...
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...BUSI600: Forum 2 Group 2 – Johnson, Joyner, Kramer, Lyons, Moore Liberty University Dr. Johnathan Schultz January 26, 2014 Forum 2 Question 19.3 The role of president in an organization is very time consuming and requires a broad knowledge base. The president must be informed to make decisions on various issues, such as: financial, investment, operational, marketing, and strategic. A study of the company’s pension plan compared to other firms in the industry should be in a management report form. Management reports are best when the reader has little time to absorb details and needs prompt exposure to critical findings (Cooper & Schindler, 2014). The order of the management report allows clients to grasp conclusions and recommendations quickly, without much reading, or with efficient use of time in this case (Cooper & Schindler, 2014). It may be helpful to have a technical report available for further information at the president’s request, but a management report should be presented first. It is likely that the President would rely on a Chief Financial Officer to further evaluate the report, or maybe even an actuary if the pension plan analysis involves heavy calculations and projections. A technical report format should be used to describe a marketing experiment for submission to the Journal of Marketing Research. A technical report is “the report that other researchers will want to see because it has the full story of what was done and how it was...
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...I. Synopsis: Case: The HOOVER COMPANY, Plaintiff, v. BISSELL INC., Defendant. No. 5:98-CV-1088. United States District Court, N.D. Ohio, Eastern Division. March 19, 1999. A. The Hoover Company History: Hoover vacuum cleaners have markets in the United States and Canada. In addition to vacuum cleaners, Hoover also produces and sells high quality washers and dryers. Maytag acquired The Hoover Company in 1989, providing Maytag an important foothold in the highly competitive international market. The company roots back to 1827, when Henry Hoover established a plant near Canton, OH. 80 years later led to him and his sons selling vacuum cleaners after purchasing rights to an electric suction sweeper, which was invented a year before by a guy named Murray Spangler. In 1908, Hoover bought Spangler’s patent, kept him as a partner and soon named the company Hoover Suction Sweeper Co. Hoover than began marketing the sweeper in stores all throughout the country. By 1921, Hoover had gone global and by 1923, sales reached $23 million. Hoover today specializes in all floor care and is a continued leader in the industry (Hoover: Fundinguniverse, 2006). B. Bissell Inc. Company History In 1876, Melville Bissell began marketing his carpet sweeper invention with revolving brushes. The revolving brushes picked up the dust and dirt and deposited it inside the sweeper housing. Being dependent on the rotation of the wheels to drive the sweeping mechanism, it only removed debris from...
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...Court of the United States was created in 1789 by Article III of the Constitution. A key precedent of the Court was established in 1803 through the case of Marbury v. Madison. Since then the Court has ruled on the constitutionality of laws throughout the United States. Two more recent landmark cases are Roe v. Wade and Planned Parenthood of Southeastern Pennsylvania v. Casey. These cases focused on women’s reproductive rights, such as abortion and a state’s rights to restrict abortions based on the constitutional rights. Roe v. Wade took place in the early 1970’s. The 1960’s were a time of hippies, peace and “flower power.” Going into the 1970’s women were demanding respect and equal rights. (“Roe v. Wade.” United States History) Norma McCorvey, also known as...
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