A Windfall Plagued by Poor Decisions BUOL 537: Legal, Ethical and Social Environment ABSTRACT Everyone in both the business and non-business sectors alike have probably heard of a financial ploy called a Ponzi scheme. However, many may not fully understand the details or how to protect themselves from such a financial risk. A Ponzi scheme is a fraudulent investment plan in which the investments of later investors are used to pay earlier investors, giving the appearance that the investments of the
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ability of companies in India to thrive by bending rules, greasing palms and broadening ethical boundaries. At a time when the issue of corruption threatens the stability of the Indian government and scandals unearthed in sectors from sports to telecommunications total tens of billions of dollars, it is becoming increasingly critical for multinational managers to ask whether business success in India comes at an ethical cost. This is a single/personal use copy of Knowledge@Wharton. For multiple copies
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In brief: This chapter gives an overview of the selection process, testing concepts, types of tests, and selection techniques. It also addresses legal and ethical questions surrounding the area of testing and selection. Interesting issues: Most companies desire reference and background information to make employment decisions, however, most companies also have policies against giving out any information on current or past employees beyond basic job titles and dates of employement. Students
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Ethical and Legal Issues of a Merger Human Resource Management & Talent Development Ethical and Legal Issues Corporate mergers are pursued because there is a belief that if both independent companies are combined as one, the resulting company will grow more rapidly and will be stronger competitively. Management teams from both sides of these companies will no doubt encounter ethical and legal challenges prior to the merger, during the merger, and after the merger has been completed. HR acts
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a global society and for South Korea to be competitive in an economic market they must re-align their business strategies as a country. According to (McGraw-Hill 2011) women in the workforce in Korea occurred after the 1998 Asian financial crises, when thousands of men lost their jobs or took salary cuts, and their wives entered the workforce. Years later the government banned gender discrimination in the workplace and required businesses with more than 500 employees to set up child-care facilities
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Caucus groups, independent groups of Xerox employees dating from the 1960s, play an important role in our diversity story. These caucuses, similar to networking and affinity groups, are instrumental in advocating openness, opportunity and inclusion for the entire Xerox community. They work with management to achieve common business objectives, self-advocacy and to create an environment of inclusion. Six caucus groups currently exist to address the concerns and meet the needs of employees who are
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business act accordingly. Exceptions occur when there is uncertainty about ethical obligations in particular situations or when considerations of ethics come into conflict with the practical demands of business. In deciding on an ethical course of action, we can rely to some extent on the rules of right conduct that we employ in everyday life. However, business activity also has some features that might limit the applicability of our ordinary ethical views. One distinguishing feature of business
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Operations and Productivity 1 DISCUSSION QUESTIONS 1. The text suggests four reasons to study OM. We want to understand (1) how people organize themselves for productive enterprise, (2) how goods and services are produced, (3) what operations managers do, and (4) this costly part of our economy and most enterprises. 2. Possible responses include: Adam Smith (work specialization/ division of labor), Charles Babbage (work specialization/ division of labor), Frederick W. Taylor (scientific management)
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Organizational Design Paper There are many barriers that affects an organizations in terms of its size, structure, and processes. When it comes to Ashton Court nursing home a small town facility for elderly and disabled persons some factors that make up its design are finances, language, geography, and ethical beliefs. Finances are a huge barrier that decides how big the facility is, how up to date it is, and the amount of employees that can be staffed. Language can be a barrier depending
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Introduction Discrimination and prejudice has gradually become one of the major impacts and burdens in the workplace and all over the world. Research shows that both have existed for thousands of years and have been transmitted throughout generations. There are many phases to prejudice and discrimination and over time each has become more sophisticated. Even today, it is hard to believe that in some individuals mindsets they feel that are not prejudice nor have they ever discriminated against
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