Contract Stephen Grainger1 University of Western Australia ‘guanxi neglect – neglecting opportunities to show respect towards guanxi relationships’ Abstract This paper introduces the concept of guanxi neglect through a case study that describes the takeover of a formerly Chinese managed hotel by a western based, international hotel management company. Specifically, it covers the cultural conflict that occurred for employees trying to adapt from the former Chinese relationship (guanxi) based planned
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treatments don’t stop there, the supervisors contently looks over the shoulders of the employees to ensure they are constantly working and not stealing any of the materials (Miami NewTimes, 2011). Then again on the internet we read, “Countrywide Financial faces unethical business practices prosecution. The article goes on to talk about how Countrywide is accused of using misleading marketing to sell mortgages packed with hidden fees and risky terms to dominate the US home loans industry. They used
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and many people lost their savings. e. 1/3 of Iceland’s financial regulators went to work for the banks. II. How the Crisis Happened f. In September 2008 the bankruptcy of Lehmann Brothers and the collapse of AIG led to the onset of the financial crisis which doubled the U.S. national debt and rendered 30 million people unemployed g. The crisis was not an accident ii. Since the 1980s the financial industry has caused more and more severe crises even as the industry
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Finance CHAPTERS IN THIS PART 1 2 3 The Role and Environment of Managerial Finance Financial Statements and Analysis Cash Flow and Financial Planning INTEGRATIVE CASE 1: TRACK SOFTWARE, INC. CHAPTER 1 The Role and Environment of Managerial Finance INSTRUCTOR’S RESOURCES Overview This chapter introduces the student to the field of finance and explores career opportunities in both financial services and managerial finance. The three basic legal forms of business organization (sole
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accounting personnel Fraud risk factors No process exists to establish and monitor ethical conduct Ineffective/inappropriate communication by management to support the entity’s values or ethics Little attention paid by board (or audit committee) to financial reporting and internal control Poor control of tangible assets Allegations of fraud or non-compliance against the entity or management are not properly
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Expanding an MNC International Business 300 – Fundamentals of Global Management February 24, 20xx 2 Expanding an MNC – Part 2 Given Brazil’s prominence on the international stage and strong underlying fundamentals, it has been decided that Brazil will be our country of choice for expanding our U.S. based manufacturing company. To begin this process we considered factors that we have studied in detail such as their economic system, political
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Climate change Welcomes the Asian Needle Ant into its ecosystem The Asian needle ant is a native species of ant which has begun vastly spreading throughout the ecosystem; eliminating various native ant species and therefore corrupting how the ecosystem functions. The six-legged, brown-red insect appears to have an almost identical appearance to the Fire ant and Argentine ant; as well as 30 other species of ants. The Asian needle ant has already rapidly migrated from Asia, and can already
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Every firm (small or large), cafe, restaurant are the active microeconomics households, which influence the situation of the whole ,market. It is possible, that a single small firm can produce high-quality wares which are praised by people and very soon other firms, which produce similar wares but of lower quality will possible bankrupt being unable to compete with that one (Howson, Cindy, Successful Business Intelligence 2013). With the run of time that small firm can turn into a great company or
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made to simplify the Act, but every time this happens, something else comes in to make it bigger again! The Administrative and Enforcement bodies ASIC, Under ASIC Act, Corporations and Markets Advisory Committee, Takeovers Panel, Companies Auditors and Liquidators Disciplinary Board, Financial Reporting Council, Australian Accounting Standards Board,
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* Attract more employees wanting to work for the business, reduce recruitment costs and enable the company to get the most talented employees * Attract investors and keep the company's share price high, thereby protecting the business from takeover. Unethical behavior or a lack of corporate social responsibility, by comparison, may damage a firm's reputation and make it less appealing to stakeholders. 2. Discuss 5 business ethics issues you have learnt to recognize Issues of Honesty and
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