Nobody downloaded yet

Assignment Example

Comments (0) Cite this document
Summary
CASE 1 (a) Stakeholders include all those parties which hold a direct interest in Jill’s business and are affected by any and every action the organization takes. These parties include not only the customer, shareholders if any but also the suppliers, employees, government, investors which in this case is the bank and government…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER93.2% of users find it useful
Assignment
Read TextPreview

Extract of sample ""

Download file to see previous pages This is because in case Jill’s operating costs rise and is not able to sell product at high price in the market bank will have default risk and will also face potential payment risks by Jill. Second stakeholders are the employees which might be fired from job because the company might not need them for the more automated system of production. Also, employees with older skills of production might be affected as they will no more be suitable for the job of new production process. Next stakeholders to be effected are customers who might face the issue of high prices in case of high product cost to Jill. Company’s first aim is to cover their costs and hence if Jill’s costs rise with the new equipment it might price the product at a slightly higher price which might not be acceptable to the customers. Lastly, competitors would be affected by this action. This is because competitors might lack the new mode of production and hence they might not be able to produce efficiently compared to Jill’s company. At the same time competitors might also gain as in case Jill raises price of the product, competitors can increase their sales by keeping low price of their product. Changing production technology is what is of more concern and convenience to the internal management of any company and customers have nothing to do with it. So, Jill’s decision might have no effect on its reputation. Hence Jill should think of saving her costs rather than following her high cost passion blindly. (b) Ethics can be defined as any action which synchronizes with the generally accepted principles of right and abandons the wrong. Ethics in business follow the rule of true, accurate and complete information sharing among all the parties with the disclosure of benefits as well as risks of any project. In this case, benefits are being portrayed to the bank by Jill in a very reasonable manner but at the same time. CVP analysis and fixed costs control problem is hidden by Jill because of the fear of not getting the loan from bank. Ethical concern in this case is the true and fair representation of information as the information provided by Jill to bank is not accurate and does not represent every side of the picture. Jill has highlighted the benefits of this project to the bank only in order to get the loan but has been hiding the information of high fixed costs due to this new production equipment. So, Jill has been showing the bank only the bright side of this project and ignoring the area which can bring concern to the management of bank. In this case, bank can be in trouble in future with a high risk of default in case Jill is not able to sustain profits with this new investment. So, Jill is unethically showing the wrong and incomplete side of the picture to bank. © I would think ethically and ensure that I share the full and accurate information with my bank. When we put a proposal in front of a third party who is going to put at stake the money of another third party(bank’s customer) in our business, there is a need to be very sensitive towards all the two parties involved one directly and other one indirectly. So, I would ensure to share the complete results with my bank and appeal for loan. This is because being ethical is the major concern for any business and I would never like to be the reason of trouble for my stakeholders especially those who have invested their money and the ...Download file to see next pagesRead More
Tags
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Assignment Example | Topics and Well Written Essays - 2500 words”, n.d.)
Assignment Example | Topics and Well Written Essays - 2500 words. Retrieved from https://studentshare.org/finance-accounting/1476742-assignment
(Assignment Example | Topics and Well Written Essays - 2500 Words)
Assignment Example | Topics and Well Written Essays - 2500 Words. https://studentshare.org/finance-accounting/1476742-assignment.
“Assignment Example | Topics and Well Written Essays - 2500 Words”, n.d. https://studentshare.org/finance-accounting/1476742-assignment.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Assignment

Activity Based Costing (ABC)

... Activity Based Costing (ABC) is the perfect cure for the problem of overhead allocation within organisations. Critically evaluate this ment.In general, activity based costing (ABC) has been largely described as an alternative method of allocating overhead costs based on logic rather than arbitrarily imputing cost entirely to resulting production output. Historically, ABC started to become popular as an alternative approach to traditional cost accounting about three decades ago, where the latter has become increasingly proving its irrelevance (Emblemsvag, 2010). The increasing automation of production as compared to being labor-intensive, the multiple product lines compared to small number of products being produced... Activity Based Costing...
12 Pages(3000 words)Assignment

International Banking

...?INTERNATIONAL BANKING-LAW AND PRACTICE Task Questions Regulation of Banks 2. Security for secured syndicated loans in an international context NAME OF STUDENT STUDENT NUMBER LAW M591 INSTRUCTOR’S NAME 22ND DECEMBER 2011. Table of Contents Table of Contents 1 1.0REGULATION OF BANKS 2 1.1 Introduction 2 1.2 Banking Regulation Policy Highlights 2 1.3 Main objectives of bank regulation 3 1.4 Disadvantages to the regulation of these businesses because of the behaviours they encourage in the regulated entities and their customers. 8 2.0SECURITY FOR SECURED SYNDICATED LOANS IN AN INTERNATIONAL CONTEXT 10 2.1 Introduction 10 2.2 Overview of Common law and civil law jurisdiction with regard to secure syndicated loans 11 2.3 Different... BANKING-LAW...
18 Pages(4500 words)Assignment

Human sexuality

...? Sociology Sociology Question 1a) If there is one thing that has known variations, it is the things that would draw individuals to each other when starting relationships. Many people believe that as far as relationships are concerned, individuals with shared values or characteristics will most likely be attracted to each other. Others hold the opinion that individuals who are too much alike would not last long as a couple and therefore people tend to look for those that complement them. In quite a number of cases however, individuals are attracted to those people who are different from them since they seek complementary traits in the individual. One thing that you will acknowledge is that as much as these two arguments may look... Sociology...
18 Pages(4500 words)Assignment

Higher Education in Crisis: Whither the University

...?Higher education in crisis: Whither the Introduction Higher education is the goal of most individuals. They see it as a valuable means of establishing successful careers and of landing lucrative jobs in the employment market. Recently however, reports of difficulties in gaining higher education and of establishing rich careers from such an education have become apparent. This paper shall discuss what the university is for and what higher education is for. It shall discuss the role of the intellectual in the 21st century, including the issues and challenges associated with mass higher education. It shall also consider the apparent globalization of western management education. A discussion of the relationship between the labour... education...
10 Pages(2500 words)Assignment

Marketing Communication and Branding

...Marketing Communication and Branding Question 1 Q.1. Communication objectives are the factors which support the organisation to move from the present position to a new and improved position. The objective of marketing communication should be SMART, i.e. ‘Specific, Measurable, Actionable, Realistic, and Time specific’. In relation to the case study, three communication objectives can be stated such as: Increase in the awareness among people by around 35% to 50% within the eight weeks from the day the campaign will commence Introducing a sale or discount and creating 70% awareness a day before the sale/discount begin. Reposition the firm to an up market business news paper from an old news paper. The first objective would... Communication...
4 Pages(1000 words)Assignment

Philosophy quizes

...?Na me Philosophy Quizzes SS.R 5-9, 11-12 In the dialogue, Plato reveals that death is the event that releases the soul from its earthly prison, which is the body. For Plato, the soul is the real self --- and is immortal --- and that death and dying is a means to release the person's true being. It means that the body will decompose at death, but the soul is incapable of doing so. 2. The Katha Upanishad, according to Yama's teaching, is the passenger of the chariot, which is the body (1.3.3-4). This is similar to the ideas found in Phaedrus or Parmenides. The need for self-realization is the reason behind birth, thus the need for a chariot, which is the earthly body. Once one's desires are fulfilled and begins to love nothing else...
20 Pages(5000 words)Assignment

Human Resource Management in Practice. Explanation of human`s skills

...? Human Resource Management in Practice Table of Contents Developing the Practitioner 3 Communications and meeting skills 4 Presentation Skills 5 Training and Learning 6 Equality and Diversity 7 Recruitment and Selection 8 Performance Management and Appraisal 9 Absence Management 10 Counselling/mediation-developing skills for the workplace 11 Grievance and Discipline 12 Management of Change 13 Reflective Statement 14 References 20 Developing the Practitioner The competitive environment and the quest for excellence in business organizations has necessitated the need to ensure human resource development. In this regard the role of the practitioner assumes utmost priority in an organization. A practitioner in the area of human... Human Resource...
20 Pages(5000 words)Assignment

A comparative analysis between Franklins Caf and Caffe Nero

...?Organizational Analysis and Behavior Introduction: The aim of this essay paper is to make a comparative analysis between two organizations that havethe same industrial background. In this paper, compare and contrast are being done between the two firms Franklin’s Cafe (a small business) and Caffe Nero (a large multinational business). The analysis is done mainly with respect to the two important topics relevant in the organizations. The topics discussed are done mainly on the basis of the case study that helps to answer question like which one of the two organizations would one prefer to be a customer and an employee. This essay paper not only states which organization one would want to be an employee and a customer, but also... Analysis and ...
17 Pages(4250 words)Assignment

Origin and Evolution of Birds Paper

...?Chul lee Blake Animal Biology 102 November 28, Origin and Evolution of Birds Birds are a truly unique set of animals in the world. For millions of generations, birds have constantly been living on earth. As the evolution theory came to being and many scientists came forth to prove it, the evolution of birds was not left behind. Birds are animals that evolved millions of years ago due to a number of factors in order to resemble the modern day birds (Heilmann 2). As more research is put forth on the origin and the evolution of birds, many results seems to be emanating day by day as new discoveries are made. In the recent years, with enhancement in scientific development, much has been able to be got related to the origin... lee Blake Animal...
11 Pages(2750 words)Assignment

Marketing plan for the healthcare company (nursing home service)

...?Executive Summary  Marketing has always been the most essential functions for all types of businesses and industries including health care industry.World’s population is growing rapidly and so the number of older people. According to researches and studies, the fastest growing demographic are people aged above 80. At the economic level, every shift in demographics brings economic and social challenges with itself. Even in the healthcare systems, the concept of ageing population adds pressure and demands along with itself. At the level of an individual, increased life span brings several challenges with itself. Old aged people have to face certain types of problems when they are at home. At this crucial stage of life, where... Summary ...
15 Pages(3750 words)Assignment
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Assignment on topic Assignment for FREE!

Contact Us