On 24 August 1910, ITC was corporated under the name Imperial Tobacco Company of India Limited. At 1970, when the Company's ownership progressively Indianised, the Company's name was changed from Imperial Tobacco Company of India Limited to India Tobacco Company Limited and in 1974 it turned to I.T.C Limited. In the recognisation of the company there was a wide range of business establishing in the market. The Company emphasis on the Fast Moving Consumer Goods which comprises of the Personal care
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Leadership and ethics Name Professor Course Date Some of the ethical issues that management may need to address include corporate social responsibility. This refers to the operation of a business or organization in a manner that takes into consideration the environmental and social aspects created by enterprise. It implies the commitment to create policies that include responsible practices in the undertakings of the entity. Corporate social responsibility policies serve as self-regulatory
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had been constrain to sue or brought action to corporation, the majority of members, board of directors or companys director as the damage or loss was due to negligence of directors and majority of members who endure the identical loss and not with any type of advantage. (Choong & Sujata, n.d.). In the case of Pavlides v Jensen [1956], the plaintiff claims that the defendants (companys directors and corporation itself) sold the corporation owned mine underrate negligent, therefore the
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QUESTION 4 When a firm is looking for new and better ways of competing, it will begin to look outside its own domestic country. Or in some instances they will start getting business and exporting their goods/services to an outside country more frequently or in other cases a firm is performing poorly in their on domestic market. This gives birth to internalization of a company. When a company decides to go international it means they are now operating outside their own country. Companies then come
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I think this corporation maintains excellent supportive organizational culture. The company aims at listening to the needs of employees, serving them fundamental interest, alleviating their difficulties and promote the harmonious development of the enterprise. It also encourages
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CLASSIFICATION OF COMPANIES AND SEPARATE LEGAL ENTITY 1) Types / form of business organization Sole Proprietor -operated by individual -unlimited liability -not complex organizational structure -all decision regards to business is done by the individual - Capital for venture is from the individual -all the profits made belong to him exclusively but he also bear all the risk -no separation between the business and his personal assets Advantages: -only minimal legal requirements for
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Distance and its effect on the foreign direct investment (FDI) flows between countries Most countries go internationally to get more opportunities and have new markets. The screening approach helps companies to select the countries that will be profitable to enter. However, there are many differences between the host and the home country which will cause the failure of the company in the host country if did not count. When entering a new market, the company must begin with exploring this market
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The Outcome and Resulting Synergies: The annual report of Sun Pharma for FY 2013-14 highlights the following points of significance to note about this merger, and the opportunities that are to result from it: • The new entity/firm will be the world’s fifth largest specialty-generic pharma company with sales of US$ 4.2 billionfor CY 2013. • The entity will have a presence in 55 countries and be supported by 40 manufacturing facilities worldwide, with a highly complementary portfolio of products
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the Caribbean corporate financial community and the associated benefits as it relates to the business strategy and financial performance. Historically, corporations were expected to serve some public purpose as justification for the benefits and privileges they receive. However, since the 1970s, the view has become widespread that corporations exist solely to maximize profits and to increase shareholder’s wealth and for no other purpose Bartlett (2015). In a capitalist society it is rare to hear
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Q.9. A Chain stores shop - keeper runs five stores located at different parts of Mumbai. Each store is administered by a Manager appointed by the Principal Owner. Store managers reside in different parts of the city. Managers are reimbursed for the car travel expenses incurred by them in commuting to work from their residence to the stores to which they are assigned. The bases of reimbursements is: Rs.300/- per week for Repair/Maintenance. A variable amount at the rate of Rs.1.60 per Km. of travel
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