Gina Pichardo Goodwill Goodwill is an intangible asset. It is the value given to a business when it is expected that customers will continue to faithfully go. The business name or reputation could be valid reasons for consistency in clients. Without goodwill a business will would not be as successful. You need goodwill in order to have productivity and profit in return. Goodwill is acquired overtime. A successful business is made up of multiple things. It is not just about your assets and
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between things that are valuable to them just like the two wolves fighting in their hearts. Now, imagine if everyone has to choose between reputation and the truth, some would choose reputation, while others would choose the truth. It depends the person because reputation and the truth are equally important. People with power are most likely to choose reputation over the truth. In The Crucible
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million for 1997 and sales growth of 29.3%. It is the second largest car manufacturer in the world, after General Motors. Some of the key reasons for its success include: Successful brand - Toyota has developed a trusted brand based on quality, good performance and for being environmentally friendly. Innovation - Toyota is at the forefront of car manufacturing innovation. It was the first car manufacturer to embrace lean manufacturing (known as Toyota Production System) which is a faster, more
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Introduction * Current business environment: Responsible business is good business Both of us used to consider that if we become rich someday, what we can do or do something significant after I read some articles on corporate social responsibility. It is true that most of great companies always contribute to their wealth and to overall societal wealth by considering the effective on their employee, customers, the environment they existed, they competitors, shareholders and others to maximum
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crisis didn’t emerge full-blown overnight. Fixing the problem and ensuring that something like it doesn’t happen again will require an all-out effort, from assembly line to the boardroom. Even then, there are no guarantees. Maintaining a good corporate reputation in the 21st century is tricky business indeed. Toyota’s case offers a number of valuable lessons for other business people and companies to consider. Here, for starters, are five: Aggressive growth can create unmanageable risk. Toyota’s desire
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worth, the buyer cannot recover substantial damages in respect merely of the non-conformity of the goods delivered to him if those goods are worth no less than they would have been, if he had been in conformity with the contract. Under the common law, damages are generally irrecoverable for the loss of reputation and credibility. However under certain circumstances, damages for loss of reputation may be granted. In the case of Addis v Gramophone Co. Ltd , the plaintiff was employed by the defendant
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Foods core value is to provide customers with the finest selection of the very best foods and wines. Someone who possesses a good character and strong morals would be best suited to this work environment as he/she would constantly strive for excellence and thus aim for providing the customers with the best foods and wines that are available. An individual with a good character hold many personal attributes, one such attribute is being trustworthy. Kathy Kudler, owner of Kudler Fine Foods, would
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stakeholders are the Westfield Textile Manufacturing employees who rely on their jobs to support themselves and their family. David Davidoff, the CFO, is also a stakeholder who must consider his reputation and his job during this process. The CEO and the COO are also stakeholders who can potentially put their reputation and jobs at risk dependent on the outcome of the case. The Board Members and Shareholders are stakeholders who depend on the financial gains of the company and the decisions that are made
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often prescribed within law and regulations * Ethical behaviour is demanded by customers, govt. and the news media. Unethical firms risk attracting unwanted attention * Ethical behaviour is good business, leading to enhanced corporate image and selling prospect. Firms with strong reputations have an advantage when hiring and motivating employees, partnering and dealing with foreign governments. * Related issues * Bribery (over US$1 trillion in bribes is paid around the world)
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totality of characteristic to satisfy customer and employee’s needs. Poor quality leads towards the damage in the company’s financial performance and competitive position. Poor quality can affect the company by increasing rework costs, damaging their reputation with the customer and affecting the profit margin, this is due to the defect in the product design, more money and time is spent on assembling and maintaining the products. This in the long run causes the company to lose its financial performance
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