The Impact of Culture and time on business ethics Introduction There is need for any company to integrate and implement the business ethics for it to have the competitive edge and advantage over others. The ethics includes the societal ethics which involve the culture and the moral values therefore the business ought to be conducted in a certain self-recognized moral standards. There are many practices that a company can indulge in to ensure that they have the competitive advantage, this may include outsourcing which involves the practice of setting up foreign companies in a bid to expand to other markets and ensure that it achieves the cost of labor advantage (S. Byars, 2018). This however sometimes raises questions on the ethical considerations in that it the company seeks to strike a balance between the quality of the products and their affordability hence for a company that seeks to invest overseas there is need for ethical consideration such as the labor wages and even the working conditions. Corporate social responsibility Apart from doing business and ensuring that a company becomes profitable, there…
The Federal Constitutional Laws Introduction Federalist NO. 10 is the tenth essay of the federalist papers written by James Madison. He was trying to argue out why ratification in the united states constitution. He advocated more on the reconciliation of citizens using their interests rather than those of others or that of a community at large. Federalist is all about the high need for power, whether at the national level or at a state or representative level that tends to cover for the direct governing of the people. In his essay, Maddison describes the role that factions play when it comes to democracy and how they negatively impact consent. A single faction would not be able to influence the large government the way Madison did. James used all means he could to display supremacy of the federal law to the people and advocated for an even stronger government. Madison explains faction to be the opposing ideologies that lead to the formation of different political parties. For example, today, there are a lot of various political parties that have risen with…
Analyzing Google Inc.’s Elements of Business Strategy Donald Hambrick and James Fredrickson’s article, “Are you sure you have a strategy?” presents five products that make up a strategy. The two argue that strategy in business is often wrongfully used as a catchall term by management and executives without clarification on how to accomplish it. Generally, the statements and announcements by most companies referring to strategy constitute more of strategic threads, reflecting the common use of the catchall phrase to fragment strategy. Resultantly, launching new initiatives periodically with the strategy phrase linked to them leads to a collection of strategies, undermining the business’s credibility. According to Fredrick and Hambrick any business with a strategy necessarily has to break it down into parts. They present five elements that constitute the strategy parts including, arenas, vehicles, differentiators, staging and economic logic. The following reading analyzes Google’s business and management strategy with regard to the five elements. It shows the tech giant’s strategic framework In-line with meeting the strategic elements. The first strategic element arenas specifies the kind of business as well as the…
The Exemplary Qualities of CME Pipe Lining Company Pipes form a necessary feature in residential, commercial, industrial, and municipal areas. A weak piping system affects drainage in many areas and often causes a ripple effect that will eventually hinder your productivity. For over 20 years, CME Pipe Lining has majored in ensuring that you receive excellent repair and maintenance service for your sewers. In the past seven years, we have exclusively used trenchless pipe lining when making repairs to ensure that we do not interrupt much of your everyday life. We pride ourselves in delivering exceptional services; therefore, contact us now for inquiries and requests for assistance. Our Areas of Expertise The sewer lines in residential areas transport wastes from houses to the street’s main sewer line. The consequences of a malfunctioning sewer system include water damages on the ceiling or walls, cracked porch or driveways, poor drainage in your tubs and sinks, and many toilet backups that you cannot explain. When you notice any of the characteristics, it is time to contact us for repairs; we offer residential sewer…
Record Management Programs Record management is often considered a tedious and unprofitable activity in many organizations. This attitude can be pointed to ignorance or lack of understanding of its vital importance in the corporate world. It is essential to realize that business activities in every organization revolve around documents, contracts, reports, orders, and other records involving the company. Record management programs, therefore, provide a framework for the creation, storage, usage, and disposal of these records. There exist various vital reasons why a company should implement record management programs. Some of the primary reasons include to improve productivity and efficiency and to ensure regulatory compliance. More than keeping records straight, record management is critical in ensuring productivity and efficiency in business practices. Increasing operational efficiency is arguably the most crucial reason for record management systems. A sound system will offset the time spent when searching for missing or misfiled records. The non-productive time spent by professionals digging through folders can be put in good use when information retrieval is improved. A good record-keeping system can similarly be used to identify relevant…
How hospitality industry benefited by Blockchain Technology One of the most significant developments that we have seen in the digital world is the evolution of Blockchain technology. It started as the underlying technology for Bitcoin, but now it has evolved as mainstream technology aiding different business operation across variegated sectors. One such sector which can reap the benefits of this technology is the hospitality sector. The hospitality industry is on a high-rise. The growing number of hotels, restaurants and allied services shows that there is a need for seamless business operations to serve the customers. A huge database lies with the hospitality sector, and it needs to be protected. Besides, customers want faster services. With the current technology, we are doing well, but there is a scope of betterment to make it flawless. Blockchain does this work. How will Blockchain technology benefit the hospitality sector? We have got together some of the benefits that the hospitality sector can draw from Blockchain : Data security- One of the prime concern of the hospitality sector is the…
Customer needs of my target market The customer needs are what will prompt them to buy my product or service. Looking at demographics, my potential customers will be youths, both male and females who are middle and high-class earners. These group of customers tend to spend a lot because their income is also high. Some of the needs of these customers are needs concerning the functionality of the products. They expect the products to function the way they desire so that they can solve their problems and unmet desires. Another need is pricing (Shakarchizadeh et al., 2020). Since these customers will have different budgets that are all unique, they need a fair price that will enable them to purchase the products. The product must also be reliable and available when the customer needs it. Furthermore, the customers expect the performance of the products to be excellent and function to achieve their expected outcomes. When customers buy products and find that they don’t meet their needs, they feel reluctant to purchase the product again. Besides, since my customers need to be…
Risks Faced by Entrepreneurs at Global Level Entrepreneurs are likely to be faced with financial risks. The entrepreneur will need funds in the form of a loan or saving in launching the business. For any new business, a financial plan should be in place to show the projections of income and the amount that will be needed in breaking even and the returns expected. Inaccurate planning of finances can lead to the bankruptcy of the entrepreneur. Technology risks can also face the entrepreneur. Due to the constant emerging of new technologies, therefore for an entrepreneur to be competitive, a new system and process should be invested. Some technological changes are disruptive technologies that can easily result in paradigm shifts. Basing of the local economics in estimating the market potential is another risk. The entrepreneur may overestimate based on the domestic context. There is less information on foreign markets; therefore, the entrepreneur must highly explore and do a cautious validation. The fluctuations in currency exchange. The wings in currency exchange may lead to the wiping out of the entrepreneur’s gains. The…
Tax rebates and incentives announced in the Singapore Budget for aiding business growth With Singapore still tackling COVID-19, the Budget Statement was delivered in the Parliament by Finance Minister and Deputy Prime Minister, Mr. Heng Swee Keat, on February 18, 2020. The changes in the tax structure seen this year are nothing groundbreaking, but it still reflects the values held by Singapore during these times of global structural shift and economic uncertainties. Because of the headwinds being faced by the country, several tax measures introduced this year aim at stabilizing the economy and supporting the businesses. In the international front, the country is well-poised to benefit from the geopolitical changes. There have been several refinements, enhancements, and extensions of tax schemes to make Singapore one of the prime financial hubs all over the world. However, the basic tax structure remains the same as the government believes it to be competitive enough and well-suited for Doing Business in Singapore. Some of the notable highlights, regarding taxes, in the current budget are given below. Temporary tax benefits offered to the companies for…
Taylor’s Global enterprise Taylor’s Global enterprise has been giving insurance services to its clients since the year 1884, and presently the enterprise has over three thousand staffs with one hundred and twenty branches all these across thirty countries globally. Some of the countries where the enterprise has offices are the United Kingdom, Europe, the Americans, Asia Pacific, the Middle East, and Africa. The main aim at Taylor’s Global Enterprise is to make sure that it provides to its client’s services that are professional to make the insurance business work in a way that is efficient. It is an essential part of making sure that the international commerce has been successful in all its operations by providing the financial support and security in occasions where the business need to operate on trading goods, protecting the workforces of the business companies by shieling their properties which are part of their assets. The enterprise also plays a vital role by providing business companies with capital investments in case they need to invest in it. The different range of skills at Taylor’s Global enterprises,…