Can Classic Moral Stories Promote Honesty in Children - 1100 Words

Can Classic Moral Stories Promote Honesty in Children? (Case Study Sample) Content: ETHICSNAME:Course Code:Professor:University:City + State:Date:ACCOUNTING IN SOCIETY CASE STUDYOverview of the companys backgroundThe inception of Enron was in 1985 when it commenced its existence as a company that traverses through several states in a pipeline business that amalgamated two gas entities Omaha and Houston. This was done with pure disregard to the governments regulations. Enron started venturing fast into new fields, first in the list being the cyber business that enabled the company to trade online. This move proved profitable both financially and socially, because the company raked most of its revenue (which was to a tune of a hundred million dollars) from it and as a result, became the largest renowned business at the time that greatly boosted its reputationCITATION CBC08 \p 22 \l 1033 (William , 2008, p. 22). This facilitated the rapid growth of the company through expansions.However, the bask in the success wasnt long lived owing to the change in m anagement which saw the company suffer a huge loss, a first in almost five years. Changing of a high-ranking officer who was in charge of finances triggered a sequence of events that led to Enron being probed. The investigations revealed Enrons enormous debt that cost the investors billions when the stock of the company took a nosedive. The indictment was soon to follow due to the unearthing of several malpractices that included falsification of financial reports, fraudulent transfer of funds, breach of various securities, conspiracies among othersCITATION Inv16 \p 10 \l 1033 ( Edel, 2014, p. 10). The various malpractices linked to Enron catalyzed by prosecutions led to the fall of the company.Arising ethical issues and ethical dilemma faced by parties involvedLack of objectivity: Enron from its inception as a business was unethical because the motive behind its existence was greed and desire for individual wealthCITATION App09 \p 37-41 \l 1033 (Yuhao, 2010, pp. 37-41). This motiv e shifted the focus of the company into an unhealthy path of targeting incomes that are achieved within a short period. Enrons income, however, huge due to greed and a lot of misappropriation become inadequate as there lacks the framework that guides the every decision to be made.Lack of honesty: Enron predicament was worsened by dishonesty to the public as they gave falsified financial reportsCITATION Inv16 \p 8 \l 1033 ( Edel, 2014, p. 8). Dishonesty broods mistrust among the business associates and the public that puts the trustworthiness of the company into question. Lack of trust in any business impacts negatively as business associates shy away from helping entities that are not trustworthy. This led to Enron not being able to access loans to facilitate its operations.Lack of independent mind: The management of Enron led by Lay made decisions that were inclined toward their personal gains. This was unethical as their professional judgments were affected by their selfish beha vior. They launched motivation schemes that were meant to give incentives to the employees but this did not adhere to the regulations as the funding was hiddenCITATION App09 \p 37-41 \l 1033 (Yuhao, 2010, pp. 37-41). This led to misappropriation of funds by other stakeholders that bore corruption, a virus that cripples development.Lack of professional behavior: this is because Enron was started with blunt disregard to the ethics regulations. This led to the sequence of the unprofessional conduct that posed a detrimental impact on the organization i.e. as in the case of Enron starting of the fraudulent funding scheme that was supposed to be used as incentives to the employees but is designed for self-enrichment.Identify and evaluate the stakeholders impacted by the ethical issueThe stakeholders that were affected include; Lay, Skilling, investors, debtors and Enron employees.Lay and Skilling having been the CEO of Enron company, they are the ones who suffer the loss of the company a nd also face judicial action against them as they championed the malpractices that took place in the company. They carry the burden of all the chaos that arise because of their misappropriation of resources and poor leadership that made corruption thrive and consequently resulting in the demise of the company.Enron employees lost their jobs because of ethical malpractices that instigated the fall of the company. Investors were substantially impacted negatively as they lost their investment when the company made huge losses on their stocks and because of an eventual collapse of the organization. These stakeholders' livelihoods are affected since the allowances attributed to being employed terminates when the company collapses.Debtors of Enron are also impacted negatively when the company fails to deliver on its promises and collapses without having paid for the credit.Was the decision ethical? What was the nature of the impact?Most of the decisions made by Enron were not ethical. The inception of the company was done with utter disregard to the ethics regulations. Having no set objectives means that the company is flying blind and therefore lacks the standard that it can use to rate itself in accordance to the goals, this creates precedence for mismanagement. For instance, the decision by Enron to rapidly expand uncontrollably was uncalled for. This has a direct negative impact because the limited resources would be strained and more loopholes for the negligence of work and avenues for sabotage of the company would be createdCITATION The10 \p 12-15 \l 1033 (Benjamin, 2010, pp. 12-15).The decision to give false reports to the public was despicable. Every business entity is obligated by ethics regulation to disseminate honest information to the public. This is to help prospective investors to be able to make informed choices. Dishonesty is a serious offense tantamount to fraud as misleading information may have catastrophic financial consequences to the consumer s. Falsifying information impacts negatively on the business as the reputation will be ruined and it will lose the trust of ...

Future Fuel Is A Small Oil Company Essay - 1379 Words

Future Fuel Future Fuel is a small oil company characterized by individuals who are supporters of sustainability and have legitimate concern for the environment and are also aware of the growing green movement .As a result we have plans of increasing the research and development budget for seeking new renewable and viable alternative sources of energy as well as equipping the headquarters and 8 other sites in the west with renewable energy systems .Questions like what we are aiming to achieve, our position on corporate social responsibility, what the company owe to shareholders ,what return on investment is required, and finally how we shall balance the needs of shareholders and the need to innovate will be examined below; Our mission Sustainability is a major driving force in most businesses today, and the rise of sustainability in the market has brought major economic and financial impact on businesses today. Sustainability as defined by the United Nations is the process of meeting present needs without compromising the ability of future generations to meet their needs. (McKee 2012, page 561). Companies which are considered environmentally unfriendly face a lot of threats when it comes to finance. Therefore oil and gas companies that produce environmental unfriendly bi products face critical supervision from both policy makers and consumers. Given that the stock of Future Fuel has been less than stellar fromShow MoreRelatedThe Problem For Electric Alternatives1323 Words   |  6 Pagescompany is referring to as a trip planner. This piece of technology allows the vehicle to communicate with charging station in the nearby area in an effort to make sure the driver never runs out of battery. The trip planner will alert the driver when and where the vehicle should be charged so that it does not die before reaching a charging station (Davies, 2015). The perception problem for electric alternatives is one of the largest issues preventing it from becoming a star. A 200 mile range allowsRead MoreThe Eyes Of Propensity1646 Words   |  7 Pagesmiddle of the night: unpredictable, wavering and impactful. With control of these prices through future market contracts, the petroleum industry seems to have significant influence on the U.S. economy. Private corporate oil companies yield some of the greatest power on the planet, but will face a major dilemma in the near future when the last of this finite, nonrenewable resource left on earth is gone. Oil is the most valued commodity across the world and has been for decades. Yet, this precious resourceRead More Diesel Fuel Prices Trucking Industry Essay1747 Words   |  7 Pages The recent surge in the cost of heating oil, diesel fuel, and gasoline in the United States has had significant impact on many sectors of the U.S. economy, but most importantly it has had quite a devastating affect on the trucking industry. This is important due to the fact that nearly â€Å"70% of U.S. communities rely solely on trucking for their supplies† (â€Å"ATA† 23). If the government continues it’s trend of non-intervention and refuses to place pressure on OPEC, the prices will continue to soar wellRead MoreSouthwest Airlines Hedging Activity For The Years 2000937 Words   |  4 Pagesairlines have a variety of options available to minimise fuel price risk. Most of their hedging activity involves over the counter (OTC) instruments which are largely unregulated and difficult to study. Market activity in futures exchanges presents a safer option whose activity is monitored and regulated. The rest of the paper focuses on Southwest Airlines’ hedging activity for the years 2000 – 2014. We look at real life application of futures markets and their products as a risk management techniqueRead MoreDecline Of Oil Industry And How Humanity Has Become So Reliant On It1175 Words   |  5 Pagesdecline of the oil industry and how humanity has become so reliant on it. It discusses how we as a society have come this far to rely on oil, what our world will be after peak oil, and what we can to do prevent peak oil or reduce the impact of peak oil. Since oil was discovered, it was clear just how useful it could be. Every component in crude oil was found to be useful in one form or another by processes such as distillation and catalytic cracking. After realizing that the world supply of oil is not endlessRead MoreOil to Clean Energy1730 Words   |  7 Pagesof fuel is ever climbing on a perpetual price ladder. The price of gas has doubled in the past decade and will continue to rise at an even faster rate than ever before. Why do gas prices continually swell? Who owns the oil being drilled and pumped from all over the world? Oil is a non-renewable resource owned by oiling companies such as Exxon Mobile, Chevron, BP, and other name brand gas providers. The prices are skyrocketing because of supply and demand. The world supply of natural oil isRead MoreNuclear Fusion And Nuclear Energy Essay1638 Words   |  7 Pagesnuclear installation, nuclear vessel or handling of radioactive materials. Fossil fuels are hydrocarbons, primarily coal, fuel oil or natural gas, formed from the remains of dead plants and animals. In common dialogue, the term fossil fuel also includes hydrocarbon-containing natural resources that are not derived from animal or plant sources. These are sometimes known instead as mineral fuels. The utilization of fossil fuels has enabled large-scale industrial development and largely supplanted water-drivenRead MoreRenewable Energy As A Replacement For Their Energy Needs915 Words   |  4 PagesPowering Tomorrow Most America families are dependent on fossil fuels for their energy needs. However, the cost associated with fossil fuels is very unstable and has caused many to seek alternative sources. Many experts think, that alternate source has been realized in the form of renewable energy. These types of energy have shown potential for sustained demands, economic growth, and environmental benefits. Consumers should consider renewable energy as a replacement for their everyday energy needsRead MoreThe Environmentally Friendly Vehicle in Our Life983 Words   |  4 Pageshow do you think cars will develop in the future? Use specific examples and provide evidence from appropriate references to explain your answer. In the second industrial revolution, there was a revolutionary development of a vehicle called car. From then on, car began to change our life during these years . Today, car has become more and more useful for us to travel from place to another. I believe that in future , car can use more kind of fuels and have a better ability at energy conservationRead MoreHydrogen And Hydrogen As A Fuel1518 Words   |  7 Pagesharmless bi-products as compared fossil fuel. Despite the abundance in its natural existence, Hydrogen can also be obtained through processes such as the electrolysis of water and methanol steam conversion. Hydrogen as a fuel is capable of the replacement of most of the other sources of energy. However, Hydrogen faces numerous obstacles to its entry into the economy and the utilization by human beings. The technology to contain and manage hydrogen as a fuel is already present. However, the hindrances

Toyota Motor Company Analysis free essay sample

Toyota, This report provides a detailed company description of the giant automaker Toyota Motor Corporation (TMC), along with an in depth analysis and evaluation of their logistics, marketing, human resource management and international strategy. What is currently being questioned is the allowance of TMC to cross our borders and begin operations within our country. After reviewing all evidence found for and against allowing TMC to enter our nation, it was made clear that TMC provides many opportunities for economic growth and ultimately a higher standard of living. It is strongly recommended that Toyota Motor Company and all their business and operation activities be permitted and granted access to our country. Company Description: Toyota Motor Corporation (TMC) is a multinational automaker based out of Japan. Founded in 1937 by Kiichiro Toyoda, TMC has become the world largest automobile company reclaiming its title at the end of 2012, surpassing once again General Motors. Selling 9. 75 million vehicles worldwide and obtaining revenues of 8. billion in the company experienced an net revenue increase of 26% in 2012 compared to the previous fiscal year. It is expected that in 2013, revenues will continue to increase to an impressive $226. 5 billion (Mississippi Business Journal 2013). TMC headquarters are located at 1 Toyota-Cho, Toyota City, Aichi Prefecture 471-8571, Japan and employs over 325,000 (consolidated) worldwide (Toyota Motor Corporation Global). The companies main ventures are the production and sales of motor vehicles with its main brands including Toyota, Lexus and recently added, Scion. Spanning every continent, Toyota undergo operations worldwide totaling 170 countries. At the turn of the 21st century TMC obtained the title as the largest automaker in the world. In years following, including the 2008 financial crisis, it continued to battle for this top spot with its North American based rivals GM but in recent years was able to stay strong and take a big leap ahead (The Wall Street Journal) 2013. It has also sparked global attention for being the first to mass produce hybrid (gas-electric) vehicles such as their â€Å"Prius† model, selling over 1. million (Auto123 2009), and truly pushing change in the automotive industry to become a more environmentally friendly and eco-friendly industry worldwide. Company International Strategy: Toyotas success in both the Japanese and international auto market is mainly due to its core values and constant desire to make a higher quality product. The company base their attitude on a single word: â€Å"kaizen†, whic h means â€Å"continuous improvement†. This attitude relates and is based from Japanese ideologies that no product is so good that there is no room for improvement. Kaizen† is an integrative strategy, which means a cross-functional strategy that appoints the gradual improvement, management and continuous business activities and the parameters of quality, productivity and competitiveness, with direct involvement of all staff. The need to compete with international competitors like GM and Ford forced Toyota to look for greater cost economies. The desired cost economics was achieved at the end of the 20th century when TMC strategically chose to reduce its 20 vehicle platforms down to 10. Building a wide range of models from few platforms allowed the company to dramatically allow increase the supply and availability along with the consistently of parts, supplies and finished products(Hara 2004). Regarding the global problem of pollutant emissions, Toyota spends over $8 billion annually in research and development (USA Today 2009). Exploring simultaneously a variety of solutions for designing less polluting vehicles, Toyota has committed to develop hybrid systems as a basic factor in manufacturing clean technology cars, combining different sources of power. It has made significant progress in designing engines that use alternative energy sources. One of the most promising approach is combining two different sources of energy in a single system with the potential to use both. This solution is known as hybrid technology and is the most promising way to achieve Toyota’s green machine. Company Marketing Strategy: Japanese companies tend to have a different strategy when it comes to marketing, selling, and achieving. From the beginning to the near finished products consisting of many common parts, Toyota add local product features that will meet the locals desires and needs. This was made possible by the implementation of over 65 factories located in all global regions allowing easy and simple distribution to the surrounding areas. This allows TMC to realize the many benefits of global manufacturing while reacting well to pressures for local responsiveness by being able to differentiate its product among regional markets. It is difficult to say who exactly are TMCs most important markets considering the company fully commits to each region. As mentioned previously their small platform strategy causes an interconnection of international markets making one just as important and connected to the other. Japanese companies waste less time, money, and space on marketing. People will not see many advertisements for Toyota on the television among the many vehicle advertisements marketed daily. The people in Toyota seem to worry more about the product then the marketing of that product. They believe that quality speaks for itself. This also in turn allows Toyota save a lot of money that would have been spent on advertising and utilizes that very money to improve the quality of their products. Having a marketing department that heavily promotes a product is not a bad strategy either but it seems like Toyota is more confident than many out there because of which it does not feel the need to promote. In addition, confidence is always attractive. It always draws attention and usually proves to be worth while. Toyota considers the buyer as the master while the company itself plays the role of the slave. It seems like they yearn to provide the client, customer, or buyer with the best possible service and products. In addition, everybody likes being the master. Therefore, it is natural for people to get attracted by this company and have a rather enjoyable experience purchasing one of their products. Companys Logistics Approach: Toyotas approach to logistics has been a model that underwent many years of development to become what it is today. Taking a humble approach to manufacturing methods and learning from industries other than the auto industry, Toyotas logistic model, known as the Toyota Production System (TMS), has become a homework assignment for all other automakers around the globe. To properly implement the TMS factories and plants for all operations have been implemented worldwide, consisting of over 65 factories spanning every continent. Some examples of nations with Toyota factories and plants are United States, Canada, Brazil, China, Japan, Indonesia, Thailand, India, Turkey, South Africa and the United Kingdom (Toyota Motor Corporation 2013). Toyota assembly plants get just-in-time (JIT) delivery of parts multiple times per day to plants within the nearby region or country (Toyota Motor Corporation 2013). One part of the solution was to use cross-docking (sometimes called â€Å"break-bulk† facilities). In this case, the cross-dock takes in deliveries of supplier parts a few times a day and reconfigure them into different mixes of products so they are shipped as mixed truckloads of the right number of parts for one to two hours of production. The cross-dock allows for efficient pickup of parts from suppliers and for JIT delivery to the assembly plant. Cross-docks are quite common in many industries, for example, in the food industry, and normally cross-docking is subcontracted out as a commodity. What is distinct about Toyota’s cross-dock is the care with which Toyota’s partner, Transfreight, manages it and the care with which Toyota took much time and effort to teach that partner to use the TPS (Inbound Logistics 2008). From Toyota’s perspective, the cross-dock is an extension of the assembly line, an evolution of the assembly-line created by Henry Ford. Company Human Resource Management Approach: Toyota’s HRM model, which is considered to have been mastered by 1994, strongly believes that human resource practices of this company can serve as a model, particularly for all manufacturing and production oriented companies worldwide. Toyota’s HRM framework broadly comprises of four goals which is described below (in no particular order) (Human Resource Executive Online 2008). Their first goal is the goal of integration throughout the corporation. The integration of employees at individual and collective level with the entire corporation is seen as the primary goal of Toyota HRM strategy. This goal has been achieved through extensive use of teams that are subordinate to organizational goals. Welfare of employees also received wide attention as a part of this goal. Secondly they focus on the goal of flexibility and adaptability. Team authority in place of single individual holding all the powers had paved way for realizing flexibility in the organization. These teams are task-based and can be dismantled or restructured, depending upon the situation. The adaptability trait is institutionalized through the approach of multi-skilling and job rotations, allowing all employs to become more productive at more than one task. The third goal they focus on is The goal of commitment. In order to achieve this goal, a two-pronged strategy was followed. Firstly, Toyota preferred to implement their plants and factories in less urban and more rural areas. They believe that people who are not contaminated by industrial culture and influences tend to retain with them a kind of feudal value of loyalty, which can be converted into organizational commitment. Secondly, measures such as suggestion schemes, quality circles and employee involvement methods are used to gain commitment. Lastly, the goal of quality. Self, peer and teams surveillance techniques are used to ensure quality of products. Toyota also believes that the combination of all 3 goals previously stated will reinforce the realization of this last goal. Summary: Toyota contains many strengths and few weaknesses when considering the allowance of TMC to begin operations within our country. Weaknesses such as a net loss in 2009 and a recall of 8 million vehicles globally that took place in 2008 through 2009 can be strongly shadowed by the strengths such as an increase in revenues of over 26% from the last fiscal year and reclaiming its position as the largest automaker in the world. Toyotas international strategy and logistics approach based on the Toyota Production System offer the possibility that the company would invest many regions of our country at a large scale which could offer employment opportunities in a large scale, improve infrastructure and technology. As a subsequent effect, this could help improve our nations standard of living and economics. Since they do not entirely focus on marketing, like many other automakers do, it should not pose any future problems with our nations current implementation of laws and guidelines within the broadcasting/telecommunication industry. Finally, after analyzing the companys human resource management model, it seems that Toyota would offer a healthy, safe and structured workplace for future employees. Their model would also improve the productivity and knowledge of our citizens which as mentioned before could help this nation economically. Conclusion: After extensively analyzing the Toyota Motor Corporation, along with their strengths, weaknesses and what they could offer our nation, I would strongly recommend that they are granted access to cross our borders and begin operations. This decision would offer many short-term and long-term benefits such as employment opportunities and an improved standard of living.

How to Use 3rd Grade Essay Samples to Help Your Child Write a Successful Essay

How to Use 3rd Grade Essay Samples to Help Your Child Write a Successful EssayIf you have just started to write a 3rd grade essay, or if you are planning to write one, I can suggest you to start off by thinking of the following tips to help you:- Choose the topics that interest you the most, and always remember that essay samples are not meant to imitate real life situations. Your opinions should be based on the things that you know or have experienced in your own life.- Level of difficulty is important when writing essays, especially if you are not familiar with school subjects. The subject should be at an easy level so that your child can learn how to read and comprehend it easily. On the other hand, some topics are difficult for children, which means that the material should be more advanced.- The rules of grammar and punctuation should be reviewed regularly, especially when you are writing for a lower grade level. Also, choosing the right font size is also very important. Make su re that all the elements are there such as font size, background color, spacing and line height.- You should include a summary in your essay. This will make it easier for the reader to understand your essay in a short amount of time and can add more points to your grade.- The introduction and conclusion should be chosen well, so that the sentence structure is good and consistent. In addition, make sure that the order of the information given is correct. It is also important to avoid contradicting information, so that your child can follow your essay easily.- Remember that you can edit the draft that you have written. The notes you make when you are writing the first draft are important. The data that you add later will require you to write new sentences and paragraphs.Remember that the purpose of the essay is to analyze and expand on the topic of the class, and not to rewrite all the entire content of the class. Keep these 3 pointers in mind and you will be able to write a successfu l essay for your child without having to spend a lot of time on it.

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