A Corporations Social Responsibility to Stakeholders Essay

Abstract This paper is a view on how to approach the CEO, directors and managers of a potential defective product. It will provide insight on the process of identifying the product, potential recall and the responsibility to notify the consumer. A Corporations Social Responsibility to Stakeholders Introduction One of the many things a manufacturing company has to worry about is producing defective products. If a company has produced defective products, it is in their best interest to find out and address the issue before their customers find out. If the company find and address the issue first they can limit the amount of lost trust and credibility. By the consumers finding out first it could take the company years or maybe never to repair the damage to their reputation. With new products becoming available for consumers the manufacturers must take the necessary precautions to insure their customer’s safety. How would you effectively present the issue of potentially defective products to the CEO, other directors, and managers? Prior to this meeting I would do an extensive research of the product such as retrieve any complaints from consumers if there were any and analyze them to determine if it was the same issue or random problems. My next step would be get the time frame when the potentially defective product was produced along with the location (s), retrieve all test results regarding the product. Creating a presentation of the information that was gathered in my research would be beneficial. 1.What the specific defect is 2.What caused defect 3.Location of products 4.Reason for failure to comply with regulation Equipped with the Recall Handbook from the Consumer Product Safety Commission (CPDC) I would present the information in a group setting to the CEO, directors and managers. The type of liability claim should be identified as well whether it is ((defective product design, defective product manufacturing, and failure/negligence to warn of product defect)) (Product Liability, n.d.). When presenting the information to the CEO, directors and managers I would be specific in regards to what the defect is, and plans for a product recall. How would you specifically notify customers of such an occurrence? The removal of defective products from the market is the responsibility of the company. A designated recall coordinator should be appointed. This person has the responsibility to recall products that may be deemed defective or unsafe. The obligations and responsibilities of a company that has a potentially defective product have been set forth by the CPSC. If it is determined the product needs to be recalled I would follow the guidelines pursuant to the Consumer Protection Safety Act (CPSA) pursuant to Section 15(b). which is The Fast Track Product Recall Program (Recall Handbook, 1998). This section is for companies that discover they have a defective product and pro-actively initiate a remedy. With the help of the CPSC I would What kind of internal actions would you take to prevent future problems? I believe that preventing future problems and defects is the responsibility of the quality control department. Insure quality control is follows the processes and guidelines of the department. Make sure that there are in-process inspections as well as final inspections. Overhaul the process of how you inspection. Review your sampling plan, and insure that the sampling plan that is in place is the right one for the product and your business. To insure a good product I would setup process capability studies (CpK) to insure the product meets design specifications. Quality control is a key factor in preventing low standards and defective products. What can be done to ensure that a strong sense of business ethics permeates your company? You need just to check the news to see the how ethics can affect the business world. Examples are Johnson & Johnson, Dow Corning (DC) and many other business have come to the brink of ruin because they lacked the business ethics to put public safety in fro nt of their self interest and those of their companies. The focus of a company is dictated by the ethical principles the company adopt. These principles should permeate the company and affect the decisions the company makes (Nixon, 2009). Senior management set the ethical principles and culture of a business. Insure your business senior officers believe in business sustainability, not because of lower cost but because it is the virtuous thing to do. Senior officers should implement their principles and ethics consistently throughout the company which will make their organization true to principles and authentic while making the organization transparent. The transparency of your organization allows your stakeholder to decide if they want to do business with you. References Nixon, L., Corporate Ethics and the Art of Balancing, 2009, Retrieved January 13, 2013, from http://www.corporate-eye.com/blog/2009/06/corporate-ethics-balancing/ Product Liability, N.D., ForThePeople.com Retrieved from http://www.forthepeople.com/product_liability.htm?gclid=CMyUpMnj4bQCFQiqnQodFykAMw

Factitious Disorder

PERSUASIVE WRITING INTRODUCTION A persuasive essay is one where the writers chooses a side on particular argument or issue and tries to convince the reader to support the same side on the argument. The most  successful  and effective persuasive essay appeals to both the readers’ logic and emotions. Persuasive writing is also referred to as creative writing or simply an argument in which the writer was penetrating words and phrases to woo the readers into believing or supporting the writers’ opinion. Persuasive writing involves convincing the reader to perform an act or to simply agree with the writer’s view of the argument.Persuasive writing is  ubiquitous one and the top three writing types in the world next to descriptive narrative. Persuasive writers have many techniques to elucidate and to improve their argument and support their claim. Persuasive essay, â€Å"a writing that offers and support on opinion. † CHARACTERISTICS OF PERSUASIVE WRITING N ot too long: a thesis of a persuasive essay should not be too long because if it is lengthy the readers may lose interest quickly hence wouldn’t get the message you would be trying to deliver to them.But in fact you should only write a short, straight to the point essay as it works best at convincing readers. Consistency: it is very important to be consistent when writing a persuasive essay because if you are inconsistent the readers will think you are unstable and do not know what you are talking about and they won’t be convinced by your arguments. Therefore by being consistent the readers will realise that you are rational and have integrity about your writing hence they are easily convinced.Arguments supported with statistics and citation of sources of information: when writing a persuasive essay it is very important to support your arguments with statistics to instil a sense of trust in your readers. It also shows the reliability of your essay and this will leave t he readers with no choice but to agree with your opinion. Citation of sources enhances professionalism and strengthens the credibility of your essay hence the readers are easily convinced. CONCLUSIONWith the structure of persuasive writing it is important that it is organised, straight forward, convincing and all the points should be supported. Without these points a persuasive essay won’t really be a persuasive essay. Finally with the characteristics for a persuasive piece, these are being emotionally engaged with the audience so that they stay hooked to what you are actually saying and the piece should be written from the perspective of the readers with supporting facts and statistics.

Lonmin Plc company analysis Essay Example | Topics and Well Written Essays - 2000 words

Lonmin Plc company analysis - Essay Example It is this affiliate formed to handle the mining business that eventually became renamed as Lonmin Plc in 1999 (4-traders, 2014:n.p.). The company operates in three major segments of the mining industry, where it has an exploration department, an evaluation department and a PMG operations department. Despite the fact that the company runs its operations in different countries in the Weste African region, most of the operations of the company, which entail the refinement and marketing of the metals after being mined in different regions is undertaken in the Bushveld facility in south Africa (Lonmin Plc, 2014:n.p.). The company is listed in three different stock markets, where its shares are trade in Germany, USA and in the UK. The market capitalization of the company as at 2014 was worth US$ 146.7 billion, which is equivalent to 95 billion British pounds (Guru Focus LLC, 2014:n.p.). The company has total 583.8 million outstanding shares, whose prices in the stock market ranges at betw een 160.70 and 163.64 British pounds (Guru Focus LLC, 2014:n.p). The company held a total of 38,2923 employees by the close of the financial year 2014, with 28,276 of the employees being employed full time, while 10,016 operated as part time employees. The company holds a considerable value of assets, both in its operating assets such as the machineries and equipment, as well as the stock of minerals in the various mines that the company has explored. While some of these minerals are already extracted and their value well verified, there is still some more whose value is still to be ascertained. The graph below presents the assets of the company that are held in minerals. In the year 2014, Lonmin Plc made a total sale of 441,684 ounces of Platinum, at a market price value of $1,537 per ounce, which contributed to a higher percentage of the company’s

BP Essay Example | Topics and Well Written Essays - 5000 words

BP - Essay Example As well, a statistical review of the last 44 years reveals the urgency in addressing the problem of oil industry disasters. The research analysis reveals that there are multi-level and diverse impacts of the oil industry on environment. These impacts are the result of the routine operations of the industry as well as because of the accidents and disasters that occur due to negligence. It is also seen that while BP promotes itself as a green energy company, it is however involved in violating environmental and safety norms with disastrous results as can be seen in the case of the Gulf of Mexico oil spill. The research provides several recommendations like developing an international agency for formulating a framework for oil industries to make them more environmentally responsible; to develop more coordinated framework of monitoring the oil companies’ performance; to make it mandatory for the oil companies to show transparency about their standards and processes and projects; a nd to generate public awareness about full impact that oil industry has the potential of making to the environment. Table of Contents Abstract Table of Contents Chapter 1: Introduction 1.1 Introduction 1.2 Research Questions 1.5 Research aim and objectives 1.4 Significance of Research 1.5 Structure of Dissertation Chapter 2: Literature Review 2.1 Oil Extraction Leads to Disturbing the Natural Environment 2.2 Oil Transportation Hazards to the Natural Environment 2.3 Oil Usage and Its Impacts on the Environment 2.4 Environmental Standards for oil industry 2.5 Oil Spill Clean-up Methods 2.6 BP 2.6.1 Organizational Structure Supportive of Environmental Accountability 2.6.2 Operation Management and Environmental Management 2.6.3 Using Technology for Reducing Impact on Environment 2.6.4 Using Education to Create Environmental Awareness 2.6.5 Renewable Energy Products 2.7 Summary of Literature Review Chapter 3: Research Methodology 3.1 Introduction 3.2 Research Methods 3.2.1 Case Study Met hod 3.2.2 Statistical Analysis 3.4 Methods of Analysis 3.5 Research Validity and Reliability 3.6 Summary Chapter 4: Findings and Analysis 4.1 Case Study 4.1.1 Background Information 4.1.2 BP Performance on Environment 4.1.3 BP Safety Track Record 4.2 Comparative Analysis of Oil Disasters in Recent History 4.2.1 The Costs of Clean-up 4.2.2 Calculating the Level of Threat 4.3 Summary of Chapter Chapter 5: Conclusions and Recommendations 5.1 Conclusions 5.1.1 Environmental Impacts of Oil Industry 5.1.2 BP and its Performance on Environment 5.2 Historic Perspective 5.3 Recommendations 5.3.1. There is a need to establish an internationally recognized organization that sets operational and maintenance standards for the oil industry 5.3.2. There is a need to make the oil industry operations and procedures more transparent. 5.3.3. There is a need for generating public interest and awareness of oil industry related impacts on the environment. 5.4 Limitations of Current Research and Scope for Future Research The oil industry: Assessing the impact of oil disasters on the environment through a case study of BP and its responsibility for the Deepwater Horizon drilling rig disaster Chapter 1: Introduction 1.1 Introduction The recent oil spill in the gulf of Mexico early in the year has once again provided experiential evidence of the disastrous impacts that oil and drilling operations may have on the natural

What is good sex Term Paper Example | Topics and Well Written Essays - 1500 words

What is good sex - Term Paper Example It fills their heart with love and most definitely proves one’s feelings towards another person. Experienced and skilled touch of a partner wouldn’t leave woman a reason to doubt whether she is important for him. Her soul struggles for love, and this desire may be satisfied only by passionate attention and inseparableness of the partner. As for men, most of them see in sex the opportunity to get rid of irritation. Sex allows them to reawaken their passion and affection to the woman. Still, it is widely spread that men cannot understand the main aim of their efforts: they consider female orgasm to be their main purpose and their victory (Henry, 1981). Warm and humid answer of her womb is exciting, electrifying and awakens the deepest fibers of man’s being. The gates of Paradise are opened, he got his way! Woman is satisfied, and it gives a man the reason to feel that she learned everything about his love and paid tribute to his efforts. That is why to get the physical pleasure you need to have a contact with your partners body as much as you want and need, though sometimes it may seem to be the wrong place or intensity or you may think that your partner dont need it. Sometimes we cannot explain our needs and desires to a partner because of the elementary confusion. We are afraid of offending a partner or seeming to be dissolute perverts. Hence the lack of moral satisfaction comes: if we cannot talk to the partner about how we would like to make our sex, we feel offended and receive less pleasure. Gradually, this feeling is being collected and poured into a quarrel, and we (as well as our partner) may be even not aware and conscious about what was the real cause of such misunderstanding (Philpott, 2006). Kiss is one of the key components of sexuality and makes the sex be really good. It is difficult to imagine sexual game without kissing; the touch of the lips often gives a lot more emotions than sex itself. It is considered, that

Regulatory Frameworks of the Equity Markets of Australia and the USA Essay

Regulatory Frameworks of the Equity Markets of Australia and the USA - Essay Example The structure of organized exchanges and the trading policies imposed by regulatory bodies continue to influence the turnover of physical shares, price formation of equities and trading costs, while generally exerting pressure on the behavior of market participants and the overall competitiveness of securities markets. This report will discuss the structures and regulatory frameworks of the equity markets of Australia and the United States of America. As a reference point, the major exchanges in both countries will be compared, where the NYSE is used as the benchmark for the exchange activities of ASX and Nasdaq. Also, the report will include a rundown of equity-funding alternatives for a listed US corporation, as required. The equity market of Australia is operated largely by its organized stock exchange, the Australian Stock Exchange (ASX). Trade of ASX stocks takes place on a fully competitive and automated order-driven trading system, known as the Stock Exchange Automated Trading System (SEATS) (Elvis Jarnecic, June 1999). Trading is facilitated through the placement of a purchase order by a market participant with a broker, either by way of telephone or online through the internet, on regular trading days. In contrast, the New York Stock Exchange or NYSE operates under a hybrid market structure. Kaj Hedvall (CEFA, 2006) defines hybrid markets as a specialists market and the NYSE as an order-driven, floor-based, continuous market with specialists. Also known as an auction market; these specialists converge on the floor of NYSE to facilitate the reporting of bids and asks, execute the trade and maintain order on the floor.   NASDAQ, on the other hand, is a quote-driven, dealer market. At present, there are over 500 dealers-also called market-makers, composed of large investment companies, who buys and sells shares of stocks through a personal inventory of NASDAQ-listed stocks to earn a profit from a regulated bid/ask spread.   NASDAQ is the largest scree n-based market in the United States. Screen-based means that there is no physical location, but trading is based on computers and other communication mediums (Block, S et al, 2002). Thus, NASDAQ market makers conduct the exchange not through a physical trading floor, but by way of an electronic network. While each security under Nasdaq has an average of 14 market makers competing against each other, only one specialist is designated to every NYSE-listed stock. It can be observed that Australia operates a purely order-driven market while the major exchanges of the USA, conduct trading in a purely quote-driven market for NASDAQ and a cross between the two pure market models, the hybrid market, a structure of the NYSE.   The advantage of an order-driven market is the inherent transparency of the system since all buy and sell orders of participants are posted on the market, providing information on which prices investors are willing to buy or sell shares. This is not an attribute of a quote-driven market where only the bid and ask offers of market makers are displayed.

Employment Policies and Practices Assignment Example | Topics and Well Written Essays - 1500 words

Employment Policies and Practices - Assignment Example Once the applicant clears this initial test, the organization goes into the selection process. This selection process, the organization usually comes into the direct contact with the applicants. The organization works on the resume of the applicants, try to get some background information of the applicants, verify their prior qualification, their past experience etc. After this, usually members of human resource (HR) department, takes the interviews of the applicants of the applicants in which they want to look the aptitude of the applicants, their presentation styles, confidence etc. In most of the organizations, interview is the last process, but in some organization e.g. arm forces, there are physical tests conducted to determine the physical and mental abilities and strengths. Once the applicants pass through of these procedures, they are selected as employees in the organization. One important activity that the organization must perform is to check the applicants past record. This task is not only to check the background information of the applicant, but to check other useful information as well, such as the employee's past report in previous organizations, i.e. is to check weather or not, the employee was fired from the any previous organization on the bases of poor performance, dishonesty or fraud etc. The references of the employees are verified. In most of the government organization, a social security check of the employee is conducted to weather the employee has any criminal record against him or not. If the person is has a clean past record, only then he should be selected. Post Employment Checks: Post employment checks are as important as pre employment checks. These checks include the noticeable change in the lifestyles of the employees, their important financial statements such as income statements, drug usage etc. The organization should make sure that the employees are punctual and giving to their best productivity level. The organization should keep an eye on the activities of the employees, on and off the work. Acquiring help from third party can be useful in these situations and these checks must be perform from time to time. Post employment check is one of the most important part of organization's risk management. If any employee found guilty in any of these checks, the organization must deal the matter seriously and treat the employee according to degree of activity. Monitoring of Employees: Monitoring of subordinates or employees is considered to be as sensitive issue. Monitoring of employees involves ethnicity. It is the right of the managers to supervise their subordinates, but on the other hand, most of the employees complain that they are monitored secretly. There are several ways of monitoring. On of the most common monitoring method is seeing the actions of your employees through surveillance cameras. But this monitoring need constant viewing and is mostly used

Business Ethics Essay Example | Topics and Well Written Essays - 2000 words - 6

Business Ethics - Essay Example It may be argued that the business professional is not solely responsible for proper business conduct, but the organization can assist ethical behavior of a business person by laying code of conduct which may be used for immediate reference when the individual is unsure of the step ahead. Business ethics does not have a typical definition because the rightness or wrongness of a behavior in business is not agreed by all as morally right or wrong, ethical or unethical, good or bad. Ethics has evolved from ancient tradition based on cultural, religious and philosophical beliefs. Business ethics is an argumentative subject with disagreements erupting due to its dynamism, complexity and interdependence in business. Business operations usually involve compromise. There are two basic viewpoints about business ethics: (a) business ethics is inseparable from personal or other ethics and (b) business will not be more ethical than the people who conduct business. There are certain assumptions that form the basis for business ethical and unethical business conduct. It is assumed that profit is not the only motive of business, competition leads individuals to ignore ethics, pressure to compromise ethics occurs often at lower and middle management levels, a person who act ethically has a proper personal code, ethics is highest among youngest and those in the final stages of their careers, individuals with ethical superior tend to behave ethically, workplace pressures to exhibit performance can lead to unethical behavior and more managers and employees identify their ethical behavior with the policies of their organization(Lewis, P.V. 1985 p.377-383). Some scholars define ethics as an inquiry into the grounds and nature of morality where morality is considered as standards, moral judgements and rules of conduct. The confusion in understanding ethics is due to the inability to determine precisely the various factors of business ethics and

The upper and even middle class Essay Example for Free

The upper and even middle class Essay Ever since the beginning of civilization, there has been a difference in economic and social, creating two separate classes. The wealthier and educated made up the upper status of society making up what is today called upper class. The poor and uneducated made up the people which were often looked down upon by the upper class, and now make up what is considered lower class. This was true in the earliest times of the bible, through the Renaissance time period and even to today. It is nearly impossible for the lower class to become higher class, much less middle class, without being provided a full education by the higher classes. Why can these people of lower class never achieve crossing the class boundary? Most of lower class does not have an education. Therefore their opportunities for having profitable and non-dead-end jobs are nearly impossible by all standards. Because of their lower education, their job selection is limited to mostly manual labor, where pay is minimal, at best. Due to their low-paying salaries, a good college education is usually completely out of the question for their children. College is too much money and they got along fine without a college education, which is sometimes the case, but severely limits future opportunities for their children. Lower class is a vicious cycle. These people represent the people in the cave which can only see the shadows of what is happening around them. They are never allowed out to see the light of a true education, and have to remain in the dark all of their lives. The upper and even middle class, which usually has a good education, have the duty to show the lower class the light and to get these people out of the shadows for good. This can and is being done minutely to help the uneducated by providing scholarships, but for the most part no one is doing anything to help the less fortunate. Unfortunately, today has a very everyone for themselves attitude. Give a man a fish, and you feed him for a day. Teach a man to fish, and you feed him for life. We need to be concerned for their future, if no one else is, because their future depends solely on their education. We need to make it our goal as a society to educate the uneducated. If everyone is educated then there is equal opportunity and pay therefore eliminating social class. If the enlightened educated class can just come into the cave, relate with the people, and then actually show them the light, rather than telling them what to do, we can actually make a positive difference and make the lives of a lower class citizen much easier. The easiest solution to this problem is to create a utopian society, but those are bound to fail before even being attempted. A utopian society would completely obliterate the class system, because everyone would receive equal pay and equal education, or at least opportunity for education. The best suggestion that is plausible and possible is to create countless scholarships. It would be just like the armed forces; education is free but a certain amount of service is demanded in return. Even though everyone does not have money, everyone has time. All education can be provided by the state and the jobs, needed by the state, can be filled by the graduated students. This can potentially give an education to everyone and keep the jobs needed. It is a win-win situation. If someone could just show society and our leaders the light.

Personal life Essay Example for Free

Personal life Essay Dance; a body of expression, a medium of communication, happiness and love. Dance is my passion. I am a trained Bharata Natyam dancer. I am proud to be an Indian because of its rich culture and heritage. In Bharata Natyam Bha i. e Bhaava (expression), Ra i. e Ragha (rhythm) and Ta i. e Taal (beat) are the basic components of a dance. There are seven different classical dance forms in india – Bharata Natyam, Kuchipudi, Kathakali, Odissi, Mohiniattam, Manipuri and Kathak. I am blessed to be a part of this culture. It is my mother who developed this art in me. I have also learnt other dance forms such as Western and Folk. It is through dance that I find inner peace and true happiness. This art form gave me beautiful opportunities. I have represented my country in Dubai, France and Finland International festivals. Being a part of these festivals made me realize even if we have language barrier the language of dance bridged the gap between us. I’ve explored many cultures, their way of living, their way of life through this art. Dance needs no interpretation. Dance is also one of the strongest medium to pass a message. I believe one must use this art for a good cause. Famous dancers such as Hema Malini, Helen, Vayjantimala, Shri Gopal Krishna, Smt Rukhmani Devi, Shri Birju Maharaj are respected for their contribution. Dance taught me to correct myself. It has developed in me the ability of working towards excellence. I’ve acquired certain skills from this art which I believe are my competencies as a manger such as confidence, self-presentation, and an ability to cope with criticism and learn from it. As a performer I have an open mind and the ability to move beyond boundaries and experiment with different ideas. Every human being has a purpose for his existence. I believe my purpose is to spread love and happiness and do my bit for the society. I wish to make my parents proud. I wish to make this world a better place in my own little way. I wish to stay in your hearts forever!!