Evaluating the Foreign Corrupt Practices Act (FCPA) 15 USC § 78dd–1 - of 1977 Name: College: Table of Contents Table of Contents 2 1.0 Introduction 3 2.0 History of the Act 3 3.0 Implementation of the Act 5 3.1 Critics of the Act 6 3.2 FCPA Amendments 7 3.3 FCPA Implementation 8 4.0 Impacts of FCPA 10 5.0 Policy analysis 13 5.1 FCPA Effectiveness 13 5.2 FCPA Weaknesses 14 5.3 Recommendations 15 6.0 References 16 Evaluating the Foreign Corrupt Practices Act of 1977 1.0 Introduction Bribery cases involving U.S officials were a government concern that threatened integrity across the private and public sectors.
The existing market players are witnessing threats from new entrants which have the potentiality of the gaining competitive advantage over its competitors. Apart from profitability, increase in market share the company needs to focus on adhering with the protectionist, import restrictions, tariff, subsidies policies.
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This necessity is not only driven by precautionary measure to prevent the occurrence of less than ideal business practice that would diminish the stature of the business among its stakeholders, but also as a strategic option because businesses that are perceived to be ethical enjoys the confidence of the market and consequently the customer’s patronage and profitability.
The paper also entails three years’ financial forecast for the proposed business. A. BUSINESS DESCRIPTION XYZ Event Planners will provide complete services for wedding, anniversaries and other special events. The proposed business will have an office located at downtown Houston, Texas.
Entrepreneurship has been proven to be a key driver of economic growth. Employment and wealth created by the small businesses driven by entrepreneurs are contributing to the economy of the nation. Many of the small businesses have turned to big businesses with time. Entrepreneurship is the propensity of a person to organize the business.
Plastic cards were introduced in the second half of the twentieth century and could have stored value to allow the customers to make payments. The first credit cards were limited to specific locations but that changed as cards could be used anywhere in the world.
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Sexual harassment is considered as a public embarrassment and humiliation where the harassed may be blamed for her dress and lifestyle at times.it is unfortunate that the harassed normally become under scrutiny and this really interferes with their reputation and dignity.
Both companies have clawed their way to smartphone market dominance though in a very different way making their obvious difference is in the way they release new products (Wagstaff & Kim, 2012). Both the companies enjoy multitude of fan sites and blogs, which cover them thus making it difficult to grasp at any fact or figures available to claim advantage to one side or the other in the market place or even superiority for one side over the other.
A person who gets into a place and buys something e.g. bread and then eats it is the consumer of the bread. A customer and a consumer are the same thing only that a customer might not use what he or she buys. A consumer is a customer but a customer must not be a consumer.
Decision making is an inherent management activity. In the business arena, every manager whether of any level in an organization has to encounter a situation which requires them to make a decision. The chief directors of a company make grant strategic decisions while middle-level managers make decisions concerning the relevant task.
Bord Gais is a major energy player in the Irish markets. It has been noted that the company faces a high threat as in the current times there has been a major trend where customers who are unable to pay their bills, shift their service to other energy providers without having paid the bill for energy at one company.
While Apple analysts found most digital devices at the time to be well designed, they found the available digital music players to be lacking (Grossman 68). The devices were either too large and user unfriendly, or too small and lacking the ability to store very many songs.
453). An example of a potential contingency is a pending lawsuit. Disclosure of contingencies is presented as a note to the financial statements. A gain contingency is never recognized in the income statement of a company. The table below shows the proper disclosure and inclusion treatment for contingencies Loss Contingencies Loss is Probable Loss is Reasonably Possible Loss is Remote Amount of Loss can be estimated Record liability and disclose in notes Disclose in notes only Nothing Range of Loss can be estimated Record low end of range as liability and disclose in notes Disclose in notes only Nothing Loss can NOT be estimated Disclose in notes only Disclose in notes only Nothing Gain C
It is important to note; however, that communication is a concept that is always evolving. Technology has played a huge part in changing the means, methods, and characteristics of communication. In order to be an effective leader; therefore, a person must be aware of how their generation communicates and adjust their approach accordingly.
Skype and its impact on Social and Culture Environment
This paper focuses on the importance of Skype and how it has impacted on people’s lives. It also evaluates the future of Skype in terms of competition and growth.
Diamond has identified five factors that contribute together in making a society fall down such as Climate change, Hostile neighbors, trade partners, environmental problems and human response against those problems and finally, political and economical factors also play a significant important role in making a society collapse or succeed.
This agreement came into force in the year 1994 thus creating one of the biggest free trade zones in the world. The signing of this trade agreement between these three states enabled foreign direct investment in these three countries which enable them to gain numerous benefits (Hufbauer & Schott 2005).
THE CONTROVERSY OF DIVISION OF LABOUR. The use of division of labour in factories and work places has been a controversial issue since the historical times. While some managers have considered this an effective way of increasing the productivity in their factories, different scholars have disputed division of labour, citing its negative effects it has on the workers involved.
Name Tutor Course College Date Information communication technology, (ICT) has enabled skilled personnel to work from home or any other geographical area of preference without necessary converging at the office. It is no longer a necessity to be at the office to access company’s resources or keep in touch with coworkers.
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Subsidies, in Layman understanding, are policies by the government towards aiding one or more industries, normally bearing a financial benefit to that particular industry. Subsidies and taxes can be applied by the government. For instance, if the government intends to lower the production of a particular commodity, it can tax the producer.
Each of the letters will address a specific intended audience depending on the business corporate world objective of the selected business enterprise. Rhetorical strategies will be adopted to accommodate the target audience concerns as well as demands. The underlying sales business letter is intended to market the company computers.
The online store lacks a plan, thus the reason for its lagging behind in growth, even though it is new in the market. In this paper, various issues concerning e-business have been explored in relation to how these can be integrated into the business plan of the online store. The focus has been given to thinking about the process of developing e-commerce.
The service provides the operators with the necessary resources for a given project such as scope, risk, cost, time and quality management to enable them to achieve their objectives. The project manager is the person who ensures the objectives of the project are met and is the main link between the consumer and the company.
White Privilege and the Myth of Meritocracy-Diversity in Organizations. This paper explores the concepts of ‘white privilege’ as well as the ‘myth of meritocracy’ in the context primarily of the discussion of diversity in organizations as discussed in the book by Bell (2011) and McIntosh (1990) and similar related literature.
They are macro decisions that are important in shaping the healthcare system within the country. It is important because it monitors and controls the flow of resources within the system and also sets limits to key player’s action of freedom. An example is that incases of accidents, a patient who is injured and stands the chance of bleeding out if not attended to.
It is the duty of a manager to ensure the wellbeing of the business by anticipating and acting against potential pit holes that could harm the business in anyway. Football is a sport but it is also a business that makes billions of dollars and for this reason, it requires good management.
Healthcare in America is a very vital aspect that the government ensures for its citizens. However, not all Americans have access to decent and quality healthcare; hence, the sector has undergone numerous reforms to fit into a situation of affordability to its citizens.These reforms have introduced health insurance to the citizens to curb the lack of proper healthcare, especially to the majority Hispanic population.
The company in question has attempted to succeed in both aspects. SAS has continuously been recognised as a leader in human resource development. This is seen through the awards it has received, such as the number one placing on Fortune Magazine’s rankings in 2011.
The opening of the report consists of the background information about the project planning. The report continued with the needs for project planning. Planning is required for all sorts of processes that have economic value in order to ensure that these processes are competitive. The lack of planning lends credence to the fact that execution would be inefficient and would cost more than usual.
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, Personal Statement
The author states that when he was asked to check on their labels, he discovered that of all the 115 apparels that he has on his closet, only five of them are actually made in the USA! He did not claim to be an expert economist but his gut tells him that he is giving someone else a business by buying clothes that are manufactured somewhere else.
Developing a formal corporate governance mechanism to monitor business activities is likely to be another crucial step that the families may have to take to achieve long term success. This may even involve the recruitment of outside talent and initiating organizational change. The present study looks to analyze all these factors.
Training and development of employees have direct implication on the productivity of the employees. The better trained the employees are the more efficient they become in their work. Planning the Training and development of the employees is a key function of management and has many aspects that must be taken into consideration.
On the one hand, it has to be in an attractive industry; and on the other hand, it has to strive for maintaining a considerable position in the industry. According to Porter (as cited in Eldering, 2009, p. 6), competitive strategy is the search for a favorable competitive position in the industry; and a firm can improve it depending on a firm’s choice of strategy.
The purpose of the paper is to analyse and critically evaluate the entry strategies adopted by McDonald’s in its process of internationalisation. As stated by DeWit & Meyer, the strategic decision of internationalisation considered by a company is highly influenced by its organisational purpose and the external factors within the business environment of the company.
Admission to Business School The purpose of education is to fill one’s empty mind. These were the words of Malcolm Forbes. Although, holding expertise in IT my wish is to complete my MBA from a reputed B-School in India. I am a graduate in Computer Science and Technology and have been working for a reputed IT company in Bangalore.
This research will begin with the statement that one of the things that have been recently brought in the society is corporate social responsibility. This is an alternate way of dealing with things that are connected to human beings. Corporate Social Responsibility plays a vital role in the modern business environment.
Manufacturers consider these factors while deciding to include or exclude some features from the new product during the product development process. Manufacturers use fuzzy-gate process to move on to the next stages of development with some parts of design and to rework the non-complying parts in the previous stage of development.
Mission, vision and value statements are important as it represent the company objective and culture in front of the world. The statements of Coca-Cola Company have been analyzed in this report. It has been found that the company is justifying the stakeholders’ interest through the statements.
However, UAE’s economic development did not undergo the known hypothetical development stages that were the characteristics of most of the developed nations. Notably, the availability of the large amount of exploitable oil provided revenues that led her to leap over numerous stages due to the large amount consumption of the exploited oil (United Arab Emirates 49).
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In the year 1995, Kathie Lee designed clothes that were exclusively available for sale at Wal-Mart of US. According to a survey conducted by the labor and human rights organizations, it was learned that several workers, employed by Kathie Lee’s Global Fashion plant at Honduras, a developing region in Central America, were teenage girls.
Both Emirates and Qatar Airways are among the most reputable companies in the industry within the Asian continent and all over the world. Emirates Airlines, which is owned by the government of Dubai, has been operating for 23 years while Qatar Airways has been in business for 18 years and is owned by the government of Qatar.
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Offshoring can be regarded as a form of outsourcing; it details business functions outsources that are being carried out in other countries. In most cases, offshoring occurs with the sole purpose of reducing expenses incurred in labor.
Markets worldwide can offer attractive conditions for interested investors but the expected benefits are not secured, even in countries with high economic performance, such as Mexico. The decision of BA to outsource its aircraft maintenance services should be based on various criteria, including the costs of the project.
According to the report economic integration of countries has not only resulted into changes in the economy but at the cultural, social, political as well as technological level also. It has been suggested that the socio-political changes occurred as a result of globalization have changed the societies fundamentally.
Nestle used the acquisition strategy in order to increase the height, breadth, and depth of its food product portfolio. The Vevey based organization acquired food giant Carnation in order to increase the depth of the product line. Nestle enhanced the strength of the Nescafe brand by launching Nespresso which was a form of espresso coffee.
There has been a debate continuing over a large span of time over whether the significant deindustrialization, usually in the developed economies of world, will leave a positive or negative impact in future. In my opinion, deindustrialization may sooner or later prove to be a negative phenomenon with the further growth and transition of developed economies, since the social and economic balance will be hugely disturbed on the inter-nation as well as intra-nation level.
As it is shown in the essay, the type of economic system determines the way in which natural resources are allocated to the firms, the method of employing labour force and the remuneration of labor, the methods of selling goods and services. The role of firms in economy is also influenced by the type of the economic system.
It is quite important to note that that minerals form nearly 7 per cent of Australia’s GDP. Notably, according to Australia’s Bureau of Statistics, the mining industries have directly employed over 263 thousand people. Other than the domestic advantages, Australia’s minerals are also exported (Beattie, 2002).
This system has made it possible for businesses to grow and expand without compromising the quality of their products and services. Peet’s coffee and tea is one of the companies that have invested in the Enterprise Resource Planning system and the management cannot regret.
Research has shown that network learning is the cornerstone of company development and growth as illustrated by the case study of Toyota. If properly implemented, this strategy can be a saviour to Tombow Pencil Ltd, which is experiencing viability problems as a result of the changing business environment it is operating in.