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It is difficult for a small organization to effectively manage, control and coordinate between different diverse organizations. Moreover, statutory power given to LOCOG regarding ownership, compensation, and regulation is temporary. In other words, LOCOG has to give up all the infrastructure facilities developed for the London Olympics after the Olympics which will definitely reduce their revenues after the London Olympics.
Infrastructure development opportunities are immense as part of conducting London Olympics. Development of infrastructure to world-class level will change the face of London city. LOCOG will receive a share from international Olympics committee’s broadcasting revenue and also from their own marketing efforts. This revenue can be utilized for the economic development and regeneration. Increased employment opportunity is another advantage of conducting Olympics in London. The public will also get an opportunity to know more about different culture which will help to grow the English culture.
It is impossible to conduct Olympics without causing some inconvenience to the public. Some of the local businesses needed to be displaced to develop infrastructure for the London Olympics. This displaced business groups may engage in legal battle with LOCOG. Infrastructure development to world class standards is a major challenge. Ensuring value for money and economic benefits to the cost bearing public is another threat to the LOCOG. The public is lavishly extending their support to the Olympics considering a huge return in terms of economic development and infrastructure development. Failure to fulfil the expectations of the public may create problems for LOCOG in future. Stage management and coordination of events are also not an easy task for LOCOG considering its small structure. Propaganda spreading through media is another threat for this event. Many people are spreading the
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I will be individually responsible for the auditing tasks and I can certify you that the service you would obtain from us would be of highest quality. We have agreed that we shall accumulate, as your representatives, the financial records on the basis of accounting information upheld by yourself and you will make complete disclosure of pertinent financial data to us.
The article ‘Globalisation shakes the world’ shall provide a foundation for this paper. A brief discussion on globalisation shall be established, followed by a discussion on the benefits of globalisation. A contrasting discussion on the disadvantages of globalisation shall be considered, and finally, an overall discussion will be made to answer the issue raised.
There are various issues faced by the corporate management presently. It may involve issues related to project management, human resources management, information technology management etc. There are many US companies which manage their earnings around the seasoned equity offering and the investors often fail to recognize this fact (Teoh, Welch & Wong, 1998; Ching, Firth & Rui, 2006; Iqbal, Espenlaub & Strong, 2006).
It is believed by the contemporary economists that without the essence of ethics and moral values in business dealings, the firms can never deliver complete satisfaction to the individuals. Each and every business concern should realize that the net social marginal cost of their business dealings must be lower than that of the social marginal benefits.
It is totally based upon the set of belief regarding what is correct and what is not. Thus, it is very closely related to the concept of morality. Morality includes what is good or bad, right or wrong and is associated with justice and values. In other words, it involves the systematic process of determining correct or incorrect conduct.
Morality deals with customs, ideals and values ingrained in societal processes that explain the issues which are right or wrong. Ethics is more to moral ideals and the appliance of reason to expound specific rules and principles that establish right and wrong for a given situation.
With the availability of technology and information, consumers have become more knowledgeable and smarter than ever. As a result, purchasing decisions have become much more concise, calculative as well as complex, where consumers go through a lot of information and data before making any final purchasing decisions.
It can be said that the only real responsibility a company has is to the shareholders is profit, therefore profit is the only motivation for a company. However, that assumption can no longer be taken as granted. Government pressure, regulatory
ership has given rise to the trait approach of analyzing leadership which believes that leaders are different from the followers as they possess certain traits which make them different and commanding.
The trait theory focuses on the personality of the leader as the traits of
This is because most other entities were using cheaper and less healthy or ethical products.
Ethics are “the principles, norms and standards of conduct governing an individual or group” (Trevino and Nelson, 2010: p17). Thus, it can be
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