companies in the world. De Beers leads and dominates the diamond industry in diamond mining, diamond trading, and industrial diamond manufacturing. In 1871 a South African man named Cecil Rhodes created De Beers. Rhodes rented water pumps to miners then invested his profits by buying up small mining operations. In 2011 the De Beers Group sold their remaining stake to Anglo American for $5.1 billion in cash. (DeMarco, 2011). Before the sale the diamond company was owned by the Oppenheimer family. Now
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Executive Chairman, De Beers Introduction For generations, diamonds have been marketed as tokens of power and love. For some however, diamonds have a more utilitarian appeal. Easily concealed, immensely valuable and largely untraceable, stones from rebel-held mines have raised billions of dollars on world markets to finance revolution in Angola, Sierra Leone and the Democratic Republic of Congo (DRC). For years these "conflict diamonds" have encourage rebel leaders to arm and equip their armies
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Unethical Values Within De Beers Consolidated Mines Limited De Beers Consolidated Mines Limited is a South African-based mining and trading company, which controls the flow of diamonds in the United States marketplace (Aurora, 2008). De Beers distributes diamonds, ships them, and distributes them to significant intermediaries, wholesalers and retailers (Atkinson, 2000). 1. Unethical behaviour: Unfair trading and competition The first unethical conduct identified within the De Beers example is
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DeBeers “A Diamond is Forever” Prepared April 16, 2012 For decades, De Beers has been the preeminent name in diamonds. Thanks to a stockpile of the world's rough diamond supply, indelible marketing schemes and even negotiations with foreign governments for their diamonds, De Beers has been the most important name in one of the world's most lucrative businesses for almost a century. This paper will review the billion dollar rise and fall of a monopoly that has crushed competitors and cash-strapped
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This essay will analyse key issues between companies and stakeholders and how corporate social responsibility has been accepted worldwide but it is not clear which companies or government companies behave in a social responsible manner. The relationship between companies and stakeholders is key ingredient in the success of any organisation. Making managerial decisions upon different circumstances is more difficult because the existence of different ethical approaches. A stakeholder is an individual
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(2) key factors in the organization’s external environment that can affect its success. Provide explanation to support the rationale. De Beers Diamond Company is an industry that currently produces $13 billion worth of rough diamonds each year, leading to the employment of 10 million people globally from mining to retailing. 70% of rough diamonds are sold for industrial purposes with the remaining 30% “gem quality” being distributed to experts for cutting, polishing and jewelry manufacturing
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siblings. Older sister Kate is chronically ill, suffering from leukemia-related illnesses since she was a young child. Her parents, Sara and Brian, conceived younger sister Anna as a genetically-engineered baby to be the perfect match for Kate as a blood and bone-marrow donor. For thirteen years. Anna has gone along with it, but when her parents ask for a kidney, she gets herself a lawyer and sues for medical emancipation; the right over her own body. My Sister’s Keeper covers issues concerning genetic
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1 The Turing Triage Test Dr. Robert Sparrow Centre for Human Bioethics Faculty of Arts Monash University Victoria 3800 Australia. This paper appeared in print in: Ethics and Information Technology 6(4): 203-213. 2004. Please cite that version. 2 The Turing Triage Test Abstract If, as a number of writers have predicted, the computers of the future will possess intelligence and capacities that exceed our own then it seems as though they will be worthy of a moral respect at least equal
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Business Report | Woolworths | | Jiaye Li (Paul) 31757 | BAE-7 | 2013/6/10 | Word count: 1210 | Table of contents Executive Summary 1 1 Introduction 2 2 Evaluation of the Woolworths in terms of ethic 3 3 Evaluation of the Woolworths in terms of share price history 5 3.1 A brief description of the trends 5 3.2 An evaluation based on the trends 6 4 Recommendations 6 References List 8 Executive Summary The purpose of this report is to evaluate whether Woolworths
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! ! ! Group Project: Ethics of the Mining Industry Group 4 Business Ethics 04-71-300-02 Professor Singh Date submitted: March 19th, 2014 ! ! ! ! ! ! ! ! ! ! ! ! ! !1 Executive Summary This report assesses the global mining industry from a business perspective. Firstly, it begins with the history of mining across the globe and the structure of the mining industry. It then analyzes the impacts of the mining industry globally. Lastly, it addresses the issues surrounding our land—the Canadian
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