...Business ethic of KFC and McDonald 1 Executive Summary 3 1 Introduction 3 2 Comparation of KFC and McDonald’s practices 4 3 Application of 4 relevant ethical theories 6 3.1 The utilitarian approach 6 3.2 The rights ethical approach 7 3.3 The Justice ethical approach 7 3.4 The virtue approach 8 Conclusion 8 References 9 Executive Summary A company has its responsibilities to its consumers, its suppliers, its employees , its shareholders as well as the local community and society in general .This article I choose KFC and McDonald’s which both are Food and Beverage industry to analyse the business ethics base on ethical theories . Business ethics means the application of ethical standards to the business behaviors . Business ethics has become an increasingly important part of this global conscience .(Freyne, 2009 ;Gilmartin, 2008) 1 Introduction Kentucky Fried Chicken ,as know as KFC, is the famous American chain fast food restaurant which was founded in 1952 by Colonel Harland Sanders .And He is also the logo of KFC . KFC is affiliated with Yum brands now and formed a strategic alliance with Pepsi , (some exceptions, such as South Korea, Japan sales Coca-Cola.) There were about 17000 stores by the end of 2012 . Like KFC ,McDonald’s Plaza is also the world famous chain fast food Corporation which founded...
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...1 1 The Art of Significance – A Book Report Brandon Heimericks Webster University 2 2 What is Significance? Significance can only be defined when compared with a very similar, and often mistaken for word like success. The author defines the difference between the two as, “success is getting what you want and finding happiness on a superficial level. Success is achieving goals-without having much purpose behind those goals. Success is crating the life you want-but leaving no legacy and making no difference in the grand scheme of things. Significance is a higher state of happiness and fulfillment beyond the merely successful. Attaining significance means becoming aware of your purpose and working hard to bring that out in the world.” (Clark, p.4, 2013) When we think of the difference between the two, and we want to use real life examples to bring this to life, the author explains this in real world terms that we can understand. When using a doctor as an example, “significance is the difference between your average physician who has succeeded academically and graduated from a recognized medical school, and that rare doctor who travels to a developing country, and performs cleft lip/cleft palate surgery on children, seeking no money, recognition or glory.” (Clark, p.5, 2013) But, realistically we can infer that significance is much more than about the present. Instead, significance is about what legacy we choose to leave on this earth. Regardless of whom we...
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...Marijuana…….a Profitable Crop Sold to Boost the Economy or a Tool of Destruction? Professor Joan Cormier ENGL-1010-UNIVERSITY GRAMMAR 08 Jan. 2013 Marijuana…….a Profitable Crop Sold to Boost the Economy or a Tool of Destruction? The legalization of marijuana for recreational use is a highly debatable subject in our culture, and it has been for several decades. Marijuana has been approved for medicinal purposes in many states to date, and use has been legally permitted in two states as of this year two- thousand and thirteen. There are numerous pros and cons associated with marijuana use, as with any drug whether it is legal or not. There are legitimate reasons for sanctioned recreational use of marijuana including valuable economic profit, and this dissertation will provide readers with information to support or refute. Why has recreational marijuana use been prohibited and disputed? The fears of the unknown fuel the fires of prohibitionists. Marijuana use was unofficially permissible until “1970” when, according to J. Michael Bostwick, “the United States Congress classified marijuana as a Schedule I substance” making it “illegal.” After all, there are far worse legalized drugs of choice including alcohol, caffeine, and prescription medication. Marijuana users are forced to hide their consumption, work at establishments that do not enforce drug testing, risk time in jail, and pay fines. Whereas, alcohol is legal, readily available at most...
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...it has codes of practices that are increasingly becoming popular. These cover different areas such as corporate social responsibility, environmental policy and actions, rules for personal and corporate integrity, dealings with customers and the supply chain. Business ethics guide how businesses and people should behave in the world of business or commerce. Ethical Theories There are several ethical theories that explain how people and business entities should behave in the society so that their behavior may be considered to be morally good. Some of these theories are briefly explained below in relation to business behavior. Utilitarianism This theory holds that an act can be judged as morally good or bad, right or wrong when it produces amount of pleasure or lack of pain for the greatest number of people (Sadler 9). Business ethics operates under greatest happiness principle. This implies that businesses and their managers need to maximize positive outcomes for the largest number of people while producing the least negative outcomes to the lowest number of people. In other words, business conducts or actions ought to promote the greatest happiness. They should seek desirable end such as pleasure and freedom from in all their practices. Deontology Deontology is a category or theory of ethics that define right action in terms of duties and moral rules. The moral status of...
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...ADULT LEARNING CONCEPTS Brittney Wallop INFT 101-70B LUO February 21, 2013 Summary In today’s world many people believe that adult learning is one of the most debated topics. In this report there will be three centuries of research on adult learning theories. There will also be information about how we as human beings can use games as a means of learning. Some researchers will even argue about how adult learning is a multidimensional phenomenon. Adult learning in many ways will keep several researchers motivated in their studies due to the fact that there are many ways adult learning can be viewed, studied, or compared. The adult learning theory has been researched several times by different researchers to find out what it means. The more we learn about adults and how they perceive information the better it is to create different activities. Throughout the adult learning theory there have been three changes from volume to volume but one thing that has remained constant is the transformational learning (TL). In the first chapters of adult learning theory transformational learning was more or less describing theory, but in the twenty- first century it is based on research. Researchers from the twentieth century believe that adult learning theory was surrounded around individual learner, how that learner processes information, and how learning allows the person to be more empowered and self-sufficient. In the present day “adult learning was understood as cognitive process...
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...BHP Billiton Sustainability Report Case Executive summary This short paper discusses relevant stakeholders that the multinational conglomerate company BHP Billiton encloses in their 2013 Sustainability Report. The components that are briefly touched upon is related to the various stakeholder influences, report and not reported costs (referring to the triple bottom line), but the majority of the paper primarily focuses on the environmental and social factors that BHP Billiton discloses in relation to their sustainability program, because the indicators seem to have the biggest impact on the outward-looking legitimacy of the company. We found that NGOs, local communities and unions highly affect how BHP chooses to report their operations, as these organizations/interest groups have a very close relationship to the firm; both negatively and positively. Furthermore, the paper tries to account for costs not included in BHP’s sustainability report, and it appear that some of these are cost-reporting on corruption, specific environmental issues, anticompetitive behaviour, and transportation. The paper do recognize that BHP is in fact a very active proponent of sustainability reporting, but on the other hand do question to what extent the reporting actually reflect the company’s inner workings, as BHP has been publicly criticised for this before. Question A: Influence of all possible stakeholders of BHP Billiton in terms of environmental and social factors. BHP...
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...Business Research Report Corporate Conscience and Its Effect On Companies Assessment Code: RWT1 Student Name: Student ID: Date: Mentor Name: Table of Contents Executive Summary…………………………………………………………………………………………………………………………………3 Introduction…………………………………………………………………………………………………………………………………………….3 Research Findings……………………………………………………………………………………………………………………………………5 Finding Number 1………………………………………………………………………………………………………………………………..5 Finding Number 2………………………………………………………………………………………………………………………………..6 Finding Number 3………………………………………………………………………………………………………………………………..7 Recommendations…………………………………………………………………………………………………………………………………10 Recommendation Number 1…………………………………………………………………………………………………………….10 Recommendation Number 2…………………………………………………………………………………………………………….11 Recommendation Number 3…………………………………………………………………………………………………………….11 Conclusion…………………………………………………………………………………………………………………………………………….11 Referrences…………………………………………………………………………………………………………………………………………..12 Executive Summary The specific purpose of this report is to investigate the claim that companies who adopt a culture of ethics and social responsibility are more efficient. The impact has been identified that this behavior could have inside on performance by adopting an intentionally conscious corporate culture and behavior. Research shows that responsible companies are more profitable, they become desired places to work, and people want to partner with responsible companies...
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...Introduction Persons that are born between 1980 and 1994 are classified as generation Y. They are latest members to join a multigenerational workforce, in fact they are the newest and the last members of the workforce. “Generation Y are likely to have high expectations of personal and financial success, feel that hard work pays off, and have a get-it-done result-producing attitude” (Breaux 2003,p52). Managers all over the world have been struggling with the challenge of attracting, managing and retaining Gen Y workers. Gen Y have different values and expectation of the companies they for compared to previous generations. Companies must learn how to manage Generation Y workers and cater to their needs if they want to retain Gen Y works. "Generation Y'ers are like X'ers on steroids. They are the most high-maintenance generation to ever enter the work force" (Breaux 2009,p95). As Gen Y has already started to enter the work force companies cannot afford to ignore the wants and need of Gen Y. Gen Y is just as big in numbers and will keep entering into the workforce at a rapid rate. The companies that don’t figure out how to attract and retain the growing Gen Y workers are likely to find themselves at a distinct disadvantage. After all, Generation Y is the next generation of workers who will ultimately be managing companies and determine if businesses succeed or fail. Article one “Understanding and managing generation differences in the workplace” Database: Emerald Group...
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...The Coca Cola Company Market Audit. Table of Contents. Executive summary | 1 | Table of Contents | 2 | Introduction | 3 | 1-History of the company | 5 | 2- SWOT analysis | 7 | 2-1-Strengths | 8 | 2-2 Weaknesses | 9 | 2-3Opportunities | 10 | 2-4Threats | 10 | 3-Corporate Social Responsibility | 11 | 4- PESTEL Analysis | 14 | 4-1 Political analysis | 14 | 4-1-1 Coca Cola Company is an American symbol of imperialism | 15 | 4-1-2 Coca Cola in MENA Region | 15 | 4-2Economic analysis | 16 | 4-3 Social analysis | 19 | 4-4 Environmental analysis | 19 | 4-5 Legal analysis | 19 | 5- marketing mix | 19 | 5-1 product line and range | 19 | 5-2 pricing | 19 | 5-3 promotion | 19 | 5-4 place | 21 | 6 – the bottling company | 21 | 7 - conclusion | 22 | Executive Summary Coca cola company market audit should be wider than the range of this report. With a pioneer company holding the biggest market share in its industry, there are lots of parameters to analyze and study to find out the secrets and factors of this huge success. A SWOT analysis was done, explaining strengths, weaknesses, opportunities and threats facing the company. And that is followed by a SELPET Analysis explaining Social, Economical, Legal, Political, Environmental and Technological factors. In the sustainability report, the current CEO Muhtar Kent announced a company expansion target of the double by 2020, and the ways to reach their. He explained the main areas which...
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...primarily through outsourcing of manufacturing operations and distribution via franchised agents. The Group also directly manages retail stores for the LI-NING brand. The Group adopts a multi-brand business development strategy. In addition to its core LI-NING brand, the Group distributes sports products under its Z-DO brand via hypermarket channel. The Group has established a joint venture with AIGLE under which the joint venture has been granted an exclusive right by AIGLE to manufacture, market, distribute and sell outdoor sports products under the French brand AIGLE for 50 years in the PRC. The Group has a controlling interest in Shanghai Double Happiness, which together with its subsidiaries are principally engaged in manufacture, research and development, marketing and sale of table tennis and other sports equipment under the Double Happiness brand. A member of the Group has also entered into an exclusive 20-year license agreement with Lotto Sport to develop, manufacture, market, distribute and sell licensed products under the Italian sports fashion brand Lotto in the PRC. The Group has also acquired the entire issued share capital of Kason Sports, which together with its subsidiary are principally engaged in the research and...
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...Executive Summary Every human being essentially has a solitary purpose in life. We spend hour after hour, day after day in the pursuit of happiness. Somehow we all seem to be laboring under the common delusion that wealth can bring happiness. Yet the past has proven that the joy that money brings is fickle and impermanent. Our individual experiences usually concur with this statement. Assuming that this holds true for the majority of people, employers and employees alike, we have to ask ourselves whether material success is enough? Can a company retain its proficient and conscientious employees by offering them mere monetary incentives? Can human resources be stirred or inspired to achieve for the organization by something as ephemeral as money? The history and present of the business world will answer with a resounding “NO”. In that case, what is the formula, in a system driven by human beings, whose minds are swayed by objects, emotions and thoughts, to create a harmonious organization, which endeavors for excellence together? Pixar appears to be one of the rare organizations whose methods resolve this question. They have managed to attain a global reputation for their employees’ satisfaction and assiduousness. This report delves into some of Pixar’s secrets of creating an environment that is incalculably favorable to innovation. It begins by introducing Pixar to the readers and advances to an analysis of some of the Pixar’s philosophies that have contributed...
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...Blue Diamond Walnuts Kahlfanie Carabon Keller School of Management April 19, 2015 Executive Summary Today’s walnut market is growing increasingly. It is projected to increase by over 25 percent in the next 3 years, (USDA, 2014). There is a grand opportunity provided by the rise in walnut demand that come s in the form of a brand extension for Blue Diamond to extend its reach into the walnut market. This extension would be two fold. The first would be opening up production to support our walnut products. The second would be securing that production in China’s rich walnut market. There is a high demand for walnuts in China, represented by their high import of the nut. The opportunity is prime for brand extension. The market has evolved in such a way that it will be strong enough to secure this move. The strengths come from several factors which are, demographics, history and awareness. The demographics factors are strong and numerous. The infrastructure is there, the people or future workers are there and the consumers are already supporting the product, just without the Blue Diamond stamp on it. History tells us of China’s linage with nuts in general that has proclaimed them as the number one exporter of nuts. An article by William Neuman in the NY times reads, “Last year, China was the top foreign buyer of American walnuts, and in 2007, it became the leading export market for pecans. Altogether, China bought $737 million in tree nuts from the United States last year...
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...Managing Human Capital Hilton Worldwide Contents Executive Summary 2 1.0 Introduction 2 1.1. Human Resource Management 2 1.2. Hilton Profile 3 Vision Statement 3 1.3. Chosen position: Hotel Manager 3 2.0 Analysis to identify the HRM issues and challenges 5 2.1 Weaknesses and challenges of the chosen industry. 6 2.2 Practices which leads to improvement 6 2.2.1 Planning, recruitment and selection 6 2.2.2 Training and development 7 2.2.3 Reward management 8 2.2.4 Employee relations 9 3.0 Conclusion 11 4.0 References 13 Executive Summary The project was structured in several sections that yield information on major topics: planning, recruitment and selection; training and development; reward management; employee relations. In details this report examines how applied human resource practices may impact on the organizational commitment in the hotel industry by example Hilton Worlwide. The main body introduces HRM, Hilton profile, short brief of analysis to identify issues and practices that lead to improvement. The study shows an essential importance role of training and development, as well as reward management best tool to retain skilled employees in the hotel industry. 1.0 Introduction 1.1. Human Resource Management Employees are the most important asset of the organization, it is crucial to understand how to maintain good relations with its workforce. Human Resource Management (HRM) is aiming...
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...Canadian National Railways July 22, 2013 University of Calgary Business Management “Mind Your Business” Executive Summary This report assesses CN’s quality as an employer and as an investment prospect. Mind Your Business used both primary and secondary research using publically available sources, with no contact with CN, its employees, or financial analysts, to complete this analysis. CN is a public company with 22,000 employees, and has the longest railway system in North America. Industry circles consider CN an increasingly profitable business. The Canadian Transportation Safety Board ensures CN abides by all laws and regulations. CN continually improves safety and environmental impact, which leads to better profits in the long run, particularly now that pipelines are becoming politically toxic in the eyes of the public. Recent environmental catastrophes such as the BP oil spill and the recent train explosion in Quebec, means CN must be careful with the public’s recent sensitivity to these types of environmental incidents that affect communities and their members. The company focuses highly on corporate social responsibility, with environment, education, health & safety, and community as a top concern. Rail emits less greenhouse gas emissions than heavy trucks, and CN also funds sustainability programs. The company uses state-of-the-art technology to ensure safety while improving operations, emphasizing on engineering, mechanical...
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...assist HCM improve functions in Organisation X 15 8. Conclusion 19 9. List of References 20 1. Introduction The purpose of this report is to look at and analyse the roles of human capital management in an organisation. Hereon forward, human capital management will be referred to as HCM. The roles and analysis will be used as a guideline for preparing a report to the human resources director of the researcher’s organisation. The report will focus on a variety aspects related to HCM, namely, the impact of generational conflicts, more women in the organisation and the impact of change in technology. It will also include a checklist and evaluation of talent management, employee engagement, employee motivation and change management. Finally the report will conclude with an action plan to assist the HCM team to (continuously) improve these functions and roles to ensure a satisfied and productive workforce. (Milpark Business School, 2013) The organisation chosen for this report is a multi-national corporation that provides products and services to treat patients with chronic kidney disease. The holding organisation is in Germany, the focus of this report will be on the South African subsidiary only. Due to confidentiality the organisation will be kept anonymous and will be referred to as Organisation X for the purpose of this report. The organisation consists of 576 employees between the ages of 20 and 63. The age groups will be broken down into different birth...
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