Paper Fallon Smith Management Planning Paper Tyco International is composed of five business segments: ADT Worldwide, Fire Protection Services, Safety Products, Flow Control, and Electrical and Metal Products. Tyco is a diversified global company that provides a range of products and services to residential and commercial customers. Those products range from electronic security and alarm monitoring to fire-fighting equipment and breathing apparatus, and from water purification and flow control
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| 1. Based on the history of the company, why did BP get involved in so much questionable conduct? BP's history extends back to 1901 when William D'Arcy's Anglo-Persian Oil Company first drilled for oil in Persia and after seven years of drilling and darcy's nearly spent his net worth finally oil spewed out and became rich. Unfortunately later at 1914 BP was on the verge of bankruptcy due to the very low demand of oil in global market. Accordingly ,BP's Board strategy focused for decades
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is more convincing. Helping society can let businesses enjoy many benefits likewise it is not difficult for them to do. By lending a helping hand to society, businesses can enjoy several advantages. Good reputation can be gained while positive company image can be built. The success is attributable to the responsible behaviors of firms. This increases consumers’ confidence, helps retain quality staff, attracts potential investors. Obviously, it is much more powerful than thinking of wonderful slogans
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Cosmopolitanism, Neo-liberalism, and Global Corporate Social Responsibility Introduction With the rise of globalization come several opportunities as well as threats. On one hand there is the opportunity to overcome problems such as world hunger, poverty, and abuse of human rights. However, on the other hand, globalization could pose as a threat against cultural diversity, as well as allow large corporations and rich governments to exploit human and natural resources in less developed countries
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According to our group study and discussion, we think that this company is extremely unethical, for they think only profits and ignore social responsibility. For this case, we refer to all the levels of managers, for example, the top manager, the middle manager, and the first line manager of the company. They joint hands together, and make the decision about how to generate income with less time consuming. The theory of iron law of responsibility stated that “In the long run, those who do not use power
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make independent judgments. The duties that were allegedly violated in the XTO cases were the XTO board of directors agreed to sell XTO at an unfair price, did not act in the best interests of the XTO’s shareholders, and the company may not have adequately considered other companies that is interested in merging with XTO other than ExxonMobil before entering into the transaction. The board has acted in accordance with a stewardship perspective because during the merging, the board was only acting on
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on the social responsibility of business? Milton Friedman believes that business have a social responsibility to its shareholders, not anyone else, as long as all requirements by law are met. According to Friedman, a business' main goal is to make profit and win. Having an interest in anyone other than the stakeholders translates into stealing from the stakeholders, whom are the only ones with rightful claims and concerns. In the case of Weyco Inc., the company does not follow the social responsibility
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system that companies have an obligation to be socially responsible and ethical in its dealings with neighborhoods, communities, cities, states and even the world. I believe that not only is this the right thing to do, it will also have a positive effect on the company, its public branding and reputation, and may even thwart off negative publicity. Companies can search out ways show their social responsibility through community support, such as outreach and donations. When a company does something
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financial stake in the company are employee themselves. This puts managers in a dual moral relationship with the corporation. As organizational leaders they have duties to the corporation and must often place the organization’s interests ahead of their own or those of their fellow employees. Like other employees, they also have a claim to fair treatment and respect in terms of their material and moral concerns. Now, in this case it can be seen that a pharmaceutical company is facing problem with
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Company Q’s decision to shut down two of its stores in an area that is high in crime is within its rights as a business without regard to social responsibility. One of the first steps in social responsibility is ensuring profits to the stakeholders. The stores has been consistently losing money in a higher crime rate area. In a higher crime rate area, losing profits is not the only concern. Besides monetary value, the stores must consider human value. Petty crime and an overall general threat
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