Wednesday, June 3, 2020
Nika Noun 2019 Best Brightest: Nika Noun, Brigham Young University (Marriott) by: Jeff Schmitt on March 23, 2019 | 0 Comments Comments 166 Views March 23, 2019Nika NounBrigham Young University, Marriott School of BusinessFun fact about yourself: I own a Honda Nighthawk (motorcycle) named Barb. ItÃ¢â¬â¢s named after my eighty-one-year old friend, Barbara, who lives across the street from me.Hometown: Phnom Penh, CambodiaHigh School: Cambodia Adventist SchoolMajor: Finance, emphasis in real estate investmentMinor: NoneFavorite Business Course: Principles of Finance, Money; banking and business, Corporate Financial ReportingExtracurricular Activities, Community Work and Leadership Roles during College Intramural sports (dodgeball, volleyball, soccer), volunteered at food banks and the food coalition, member of Women in Business ClubWhere have you interned during your college career? Dell Technologies, Austin, Texas; financial analystCushman Wakefield, Salt Lake City; brokerage, real esta te internWhere will you be working after graduation? I will be returning to Dell, where I will be working full-time as a financial analyst and participate in DellÃ¢â¬â¢s rotational program for 2 years.What company do you admire most? Dell Technologies: what I love about Dell is its valuesÃ¢â¬âsuch as integrity, winning together (trust and value its employees), and giving back to the communityÃ¢â¬âalign well with my beliefs.Who is your favorite professor? I love all my professors at BYU, especially at BYU Marriott. However, if I have to pick one person, it would have to be Colby Wight. IÃ¢â¬â¢ve actually never taken ColbyÃ¢â¬â¢s classes, but from the interaction that I have had with him through my Junior Core and through my time here at BYU, I admire his passion for education, his vision, and the wonderful speeches that he has given. His speeches have kept me motivated to work hard and believe that I can be successful here as a student and in my future career.What did you enjoy most about your business school? Networking with and lectures from top executives, as well as interactions with peers and professors.What is the biggest lesson you gained from studying business? IÃ¢â¬â¢ve learned that my skills and talents are unique and that others need my unique skills and talents. IÃ¢â¬â¢ve also learned that networking is the gateway that allows me to pitch my talents and skills. Everyone has a talent and an important role. ItÃ¢â¬â¢s easy to feel intimidated, but everyone has value. There is something unique about you that others donÃ¢â¬â¢t have, so learn how to leverage it.What advice would you give to a student looking to major in a business-related field? Do well in your courses, get connected with all of the faculty members for the major you are interested in, talk with people in the field youÃ¢â¬â¢re interested in, and start finding internships.What has surprised you most about majoring in business? There are so many opportunities in the bus iness fieldÃ¢â¬âmore than you realize. Also, the business school is competitive and seems intimidating, but actually no one totally knows what they are doing, much like we donÃ¢â¬â¢t have a sure knowledge of what the markets will be tomorrow.Ã¢â¬Å"If I didnÃ¢â¬â¢t major in business, I would be majoring in or studyingÃ¢â¬ ¦culinary arts. For sure.Ã¢â¬ Who most influenced your decision to pursue business in college? My grandfather. He taught me that you can be honest in business and use your resources to give back to others. My grandpa is not my biological grandpa. He met me in Cambodia when he and his wife were on their church service mission thirteen years ago. They noticed my brother, my sister, and me going to church without parents and wondered where our parents were. We instantly connected and knew we were meant to meet. They have supported my siblings and meÃ¢â¬âand so many othersÃ¢â¬âsince then. Because of their example, I also want to make money so that I can give back to others.Which academic, extracurricular or personal achievement are you most proud of? With so many struggles and challenges focusing in class, I dropped out of school multiple times growing up. I never thought I would make it to college. For me, finishing college is a big deal and a significant personal achievement.Which classmate do you most admire? Christina Wu. Christina is funny, works hard, and has motivated me to keep going. She isnÃ¢â¬â¢t in my major, but we took pre-business classes together, and she has been a tremendous support.Who would you most want to thank for your success? My older sister, Chan, is one of the people IÃ¢â¬â¢m most thankful for. After my parents left us, when she was eighteen, she gave up her scholarship to raise me and my brother. Her sacrifice and example motivated me to go to school because I felt terrible that she had given up her college experience.What are the top two items on your bucket list? Skydiving in DubaiBackpacking acros s Europe and AfricaWhat are your hobbies? Dirt biking, playing volleyball and Spikeball, traveling, cooking, finding good dealsWhat made Nika such an invaluable addition to the Class of 2019?Ã¢â¬Å"NikaÃ¢â¬â¢s example and influence in our program have been substantial. It is the common plight nearly all finance majors to experience the crushing weight of the competitive forces and pressures endemic to our industry. Nika has proven to be a beacon of positivity and encouragement to her fellow students. Her infectious optimism and positivity have served as a therapeutic balm for many of her classmates. Further, the odds she has overcome and the obstacles she has surmounted to come to BYU, graduate from our major, and land a job with Dell are nothing short of inspiring. If our students ever wonder whether they have the mettle to make it in this program or this industry, they look to Nika as a model.Ã¢â¬ Colby Wright BYU Marriott Associate Professor of Finance Page 1 of 11
Wednesday, May 6, 2020
Welcome to WritePoint, the automated review system that recognizes errors most commonly made by university students in academic essays. The system embeds comments into your paper and suggests possible changes in grammar and style. Please evaluate each comment carefully to ensure that the suggested change is appropriate for your paper, but remember that your instructors preferences for style and format prevail. You will also need to review your own citations and references since WritePoint capability in this area is limited. NOTE: WritePoint comments are computer-generated writing and grammar suggestions inviting the consideration and analysis of the writer; they are not infallible statements of right/wrong, and they should not be used asÃ¢â¬ ¦show more contentÃ¢â¬ ¦The neurons start to work less efficiently. Also, [Remove comma] the neurons stop communicating with each other and later die. The damage caused by the plaques and Tangles spreads to the Hippocampus and this leads to l oose [Check spelling. This is an adjective meaning not tight. The verb lose means to fail to keep] of memory. As the disease advances from one stage to another, the neurons continue to die and the brain continues to shrink (Hooper, 2000). AlzheimerÃ¢â¬â¢s disease leads to destruction of brain cells. It also leads to death of the brain cells as this makes it difficulty for cells to communicate. The brain is made up of nerve cells that communicate with each other. This makes it easy for a person to think, learn and [Check punctuation: insert a comma before this word if this is the last in a list of more than two -- or if it begins a new clause] remember things. When a person has AlzheimerÃ¢â¬â¢s the nerve cells stop functioning as they are damaged. [Passive voice] This leads to loose [Check spelling. This is an adjective meaning not tight. The verb lose means to fail to keep] of memory and confusion. People having [Clearer writing suggestion--having as a transitive verb is va gue. Reconsider the sentence using possessing, acquiring, developing, etc. Often having can simply be deleted] AlzheimerÃ¢â¬â¢s disease are usually confused [Passive voice] ands have low memory. They have difficulties in learning new thingsShow MoreRelatedConversion Disorder And Functional Neurological Symptom Disorder954 Words Ã |Ã 4 Pages Conversion Disorder/Functional Neurological Symptom Disorder Abstract Functional Neurological Disorder Symptoms also known as conversion disorder, is a disorder that doctors say isnÃ¢â¬â¢t a real disorder that patients seem to make up. The appearance of conversion disorder is often related to traumas or even milder stressors such as the loss of employment or divorce. The following essay will give a general breakdown of what the conversion disorder is, what the symptoms are, the pathophysiologyRead MoreAutism : A Neurological Disorder2218 Words Ã |Ã 9 PagesAutism is a neurological disorder that affects many people all around the world. This disorder can be either moderate or severe and affects the body in several ways. People who have Autism Spectrum Disorder (ASD) have their expressive, receptive communication, social skills, and socialization disrupted. It has not been until the past several years in which this disorder has received more attention and awareness than it had ever before. Approximately twenty years ago this disorder was consideredRead MoreAutism Is A Neurological Development Disorder967 Words Ã |Ã 4 PagesAutism is a neurological development disorder that affects one in eighty-eight people. In the Diagnostic and Statistical Manual of Mental Disorders fourth edition(DSM-IV) there were five types of autism. 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(MS) is a chronic inflammatory, demyelinating, autoimmune neurodegenerative disease characterized by the disruption of the blood brain barrier (BBB), perivascular inflammation, axonal and oligodendrocyte injury, and breakdown of the myelinRead MoreNeurological Disorder Essay732 Words Ã |Ã 3 PagesWHAT IS EPILEPSY Neurological disorder Primarily characterized by repetitive spontaneous seizures Many different types Wide range of symptoms that vary from person to person Characterized by abnormal electrical activity in brain CAUSES Caused by abnormal activity in brain cells Directly influenced by any head injury or family-related condition Genetic influence: over 500 genes identified which could lead to epilepsy Head trauma Tumors Strokes Infectious diseases (AIDS, meningitis) Prenatal InjuryRead MoreNeurological Disorders: Encephalitis724 Words Ã |Ã 3 PagesGreek words. Enkephalos, which means brain, and itis, which means inflammation. Encephalitis was defined by Sir John Burton Cleland, a pathologist and naturalist. When he defined it, it was named Ã¢â¬ËAustralian X diseaseÃ¢â¬â¢. Encephalitis is a neurological disorder that results in the inflammation of the brain and sometimes the meninges. It is usually due to a viral infection. Most often arboviruses cause encephalitis, by transference via mosquitos to humans and animals. When bitten by an infected mosquitoRead MoreThe Developmental And Neurological Disorder1269 Words Ã |Ã 6 PagesAutistic spectrum disorder is a developmental and neurological disorder that will appear within the first three years of a childÃ¢â¬â¢s life. A child that has autism will live in their own world, show minimal interests in others, and they will have a lack of social awareness. An autistic child will have a designated routine and perform odd behaviors that will be repeated frequently. These odd behaviors will include flapping of the hands or rocking back and fourth. 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Tuesday, May 5, 2020
Question: Discuss about the Competitive Strategy AAA Theory. Answer: Introduction In the ongoing era the era is termed as Era of Globalization as it helps in bringing people as well as economies from various countries closer and thus offers diverse chance of business wherever globally. While globalization has had constructive outcome on the lives of individuals around the world with least negative impacts it has likewise presented to new unexpected difficulties for organizations that were never confronted and along these lines has required the advancement of a worldwide structure which can help adequately deal with the difficulties of globalization and bring about making a comprehensively competitive advantage globally. To manage complexities and in addition difficulties of the overall economy Pankaj Ghemawat has formulated a theory known as "AAA Triangle" speculation or we can state fundamental vernacular various varieties for fitting the individuals (March, Martin and Redford 2016). These three methodologies when completed are acknowledged to adequately manage the troubles acknowledged by globalization. "AAA" stands for Adaptation, Aggregation and Arbitrage. The report will discuss about the theory of AAA and it will consider two industries with two companies of each industries. The industries taken in to consideration are Food and Beverages industry and the companies are McDonalds and Coca Cola and for the Pharmaceutical industry the companies considered are Pfizer Inc and Sun Pharmaceutical Industries. Food Beverages as well as the Pharmaceutical industries are the global business and therefore is relevant to every economics as well as the countries. It does not matter whether the countries is developed or in stage of developing. Specifically these two industries help in providing many opportunities of employment and are very much important for the countrys population. Therefore, making their incidence as well as presence worthwhile so the industries should successfully implemented the framework of AAA for gaining as well as growing with the competitive advantages. AAA Theory Adaptation requires the essential changes and selections to be made by an organization so that the operation and items can be appropriate for nearby markets and their preferred neighbourhood individuals in view and inclination (Jha, Dhanaraj and Krishnan 2015). Aggregation helps organizations to make scale economies through the formation of local or worldwide business operations as well as in the meantime staying receptive for neighbourhood markets (Schlegelmilch 2016). Arbitrage engages companies to take the central purposes as cost, cash and additionally value complexities and settle on a decision on premise of which enterprise market in respects of buying and offering to recognize benefits (Morschett, Schramm-Klein and Zentes 2015). These approaches enable associations to defy overall business condition with more assurance empowering them to adequately access outside business parts by moving the request and also showcase costs for their products.. Besides, it engages companies to find excellent business circumstances and empower them to govern in the specified sector of the business. Each techniques are basic anyway it must be recollected that each A of the strategy will have assorted level of suitability and congruity for different associations and subsequently every association must pick whether to organize two or most of the three strategies meanwhile or in stages and after that draw the arrangement of execution. This AAA speculation assisted the company to abusein exploiting different overall open entryways and adequately manages the troubles hurled open owing to globalization. It is as of late that associations need to place time in arranging which method to realize to fulfill the perfect ideal position (Peles 2016). First we are considering the food and beverages industry. This industry in any of the country plays integral part of the countrys GDP. The contribution of the industry is significance. The first company chosen is McDonald. Adaptation The presence of McDonald's restaurants in 118 nations as well as serving million's of clients every day. McDonald's raised the slogan "Modifying the burgers around the globe". Started in US in recent times the organisation has its presence worldwide and helped them a great deal is adapting the burger according to the nation. Advance, in response for changing the tastes for customer the company has adjusted its menu to union plates of mixed greens, point, servings of blended greens, wraps and possible results of season fries. Contiguous deviation from standard menu is used either to keep common inclinations of sustenance, for instance, the religious hindrance of utilizing meat in India or to make open sponsorships with customary taste, for instance, McRice in Indonesia, or prawn burger in Singapore and Japan. In countries like Germany furthermore countries of Western European, McDonald's offers lager and in New Zealand offers meat pies. Aggregation World fathomed McDonald's Corporation grabs wage by setting assets into properties, eateries widening, and a head of coffee shops. McDonald's has used each possible mean for development of wage and minimization of cost. It has relatively used model of separating as there change strategy which has littlest danger (Tallman 2014). Arbitrage McDonald's is a commendable case of unmistakably getting benefits by arbitrage opportunity offered by general globalization. Mc Donald's use its US notoriety for massiveness and in like way high class for appreciating different nations. It is in the long run built as an amazing Fast Food chain in the brain of customers on the planet new economy. In like way, they performed 'backward Integration' with the agriculturists by Contract making in the economies of creating to guarantee demonstrated supply of required total and nature of their foul material at settled manufactured cost. (Fischer 2014). This guarantees steady quality as well as the last products taste. The second company taken into consideration is Coca Cola. Adaptation As per the organization's Annual Report, the organization is selling the products of beverages for more than 200 countries. It is stunning here that Coca cola has left un-change of the centre of the base thing except for where it modifies in context of water quality and sugar open and it may happen that embodiment of Coca-Cola in Europe is not the same as that in the United States. Regardless, coca cola adjusted packaging, progressing and systems of checking to be reasonable in various countries. Similarly, it has used securing of essential contiguous brands to be key framework to set up interface with the purchasers and to drive its base picture close to the standard neighborhood brands. Aggregation Coca Cola has executed the course of action of gathering to stretch out past US and to finish general scale economies. As a proof, The Coca-Cola association has offered more than 350 brands neighboring its Coca-Cola drink to suit the inclinations customer. The alliance has long history about acquisitions. In 1960 Coca-Cola got Minute Maid, The Indian brand of Cola Thums Up in 1993, and in 1995 Barq's. In 2001, it got the Odwalla brand of standard thing smashes, smoothies, and similarly bars; and in 2007, it got Fuze Beverage. Coca Cola also announced the nearness in Burma another land run when they lifted the suspension on Western supports. After a short time its regional portfolio develops the entire course transversely over world. Arbitrage Coca-cola is a prime event of Economic and moreover Geographic arbitrage. It outsources and passes on fundamentally in China having 39 working conditions wherever on that nation. Other than this it has plants for get-together with abutting bundling rights in an expansive segment of the countries to decrease the cost of time. After discussing the AAA theory of the food and beverages industries, now the theory is been discussed for pharmaceutical industries and the company taken are Pfizer Inc and Sun Pharmaceutical Industries. The first company taken into account is Pfizer Inc Adaptation Selling products in various nation from where the product was begun requires adjustment as well as modifications .Similar is situation with pharmaceutical industries. This actuality is all around supported by the strategy of sales of Pfizer in Latin America. To be effective in Latin America, Pfizer has needed to learn elective ways which consider social, monetary, and administrative contrasts for marketing its products. The steps taken by Pfizer in such manner are as follows: Extensive brand working through outreach programs of communities. Devoted assets to work with Pharmacist who assumes significant part to help patients to pick medicines (Dong and Yang 2013). Aggregation Its a case of aggregation of administrative section. To advertise its medication for instance say access in Europe it needs to meet administrative necessities of couple of nations and after that they are met all requirements to offer all through Europe. The aggregation they made is quite super and therefore they did not face any issues regarding the law and no political factor has affected the growth of the company. Arbitrage It's a decent case of TAX arbitrage: taxes are been deducted for the reason of relocation. Pfizer assumes control on AstraZeneca of UK. By doing this Pfizer is profited as : UK organizations don't pay assesses on abroad profit Tax Rate is lower Tax rate on UK-protected items is likewise less Therefore the company in this way making more benefit. The company taking control over another UK company helped in gaining the profit. If the company did not take control over the local company a huge amount of fund would have been gone on paying the duties as well as the taxes and therefore the profit could be marginal or no profit no loss situation could be confronted by the organisation(Annokhin and Wincent 2014). The next company taken into consideration is Sun Pharmaceutical Adaptation Situated in India the organisation is the fifth biggest Pharmaceutical organization across the globe. In order to make its presence all around the world, Sun Pharma needs to roll out improvements that suits to requirements of the respective nation. Similarly they adjusted their substance formulae, fixings as well as style of packaging which was reasonable to the general population of that specific nation. Organization's solid research technique and district particular usage procedure has given them the required competitive advantages over the other company. In the course of last 10 years, organization has been reliably effective in testing licenses on a few high-esteem items in US and along these lines presented less expensive, top notch non specific variants of such items to market for gaining the market share. Aggregation Sun Pharma comprehended the importance with respect to Global nearness for its improvement and viably picked up battling associations in various countries and geographies. Till date, association has had the ability to make 19 overall acquisitions to assemble its traverse to various countries (Les Etudes 2013). Therefore the company has taken the right part in terms of aggregation. The economies of scale of the organisation are quite effective and thus it has established its presence globally. Arbitrage Company has set up its investigation limits in making countries to altogether diminish its cost that has hugely extended its capacities to give the item at impressively more affordable cost. Further, settled larger piece of its collecting workplaces in Asian countries with lower cost of creation and made admissions to made countries for offering at higher cost. Therefore Arbitrage which gives concentration on the costing strategy of the organisation has been followed by the organisation that helped them to have a global presence (Donohoe, McGill and Outslay 2014). Conclusion This paper focuses on change of two crucial attempts using "AAA" structure, any affiliation must use and modify these approaches yet the tradeoffs are poor there between them. Its about overseeing cross periphery differences, every industry is a touch of "Globalization" which is modifying the world and the basic issue that contributed for are: Technology Relaxed trade strategies Which strategy a connection should use depends on upon factors like: Globalization history Financial illustrations Furthermore, affiliations may not require all structures at single motivation driving time yet likely a few years down the line. Nothing is focal so "Globalization" too makes challenges for the affiliations with respect to intensified supply chains and scattering, security of workplaces and information systems. Every industry in the World is changing the Globalization system to position them in the space of dispute where survival depends on upon various sections like quality, condition and strategies. The level of an alliance's capacities to tailor the offerings around past what many would consider possible or extends its distinctive decisions to adequately enter new markets or social solicitations. As everything has its great conditions and harms so is the circumstance with "Globalization" and few of them are as demonstrated by the running with: Damage to condition Less business security Basically, globalization is a troublesome issue that is impacting everybody's life. There is a need of surveying its negative contact with the objective that derives can be taken for their preventions. This will be win-win situation to everyone around the world. References Anokhin, S. and Wincent, J., 2014. Technological arbitrage opportunities and interindustry differences in entry rates.Journal of Business Venturing,29(3), pp.437-452. Dong, J.Q. and Yang, C.H., 2015. Information technology and organizational learning in knowledge alliances and networks: evidence from US pharmaceutical industry.Information Management,52(1), pp.111-122. Donohoe, M.P., McGill, G.A. and Outslay, E., 2014. Risky business: The prosopography of corporate tax planning. Fischer, T., 2014. No?Arbitrage Pricing Under Systemic Risk: Accounting for Cross?Ownership.Mathematical Finance,24(1), pp.97-124. Jha, S., Dhanaraj, C. and Krishnan, R., 2015. HOW DOES MULTINATIONAL RD EVOLVE IN EMERGING MARKETS?. LES ETUDES, D.C., 2013. VALUE CREATION THROUG MA: A CLINICAL STUDY ON BLOCKBUSTER DEAL EVIDENCE IN THE PHARMACEUTICAL INDUSTRY. March, R.J., Martin, A.G. and Redford, A., 2016. The substance of entrepreneurship and the entrepreneurship of substances.Journal of Entrepreneurship and Public Policy,5(2), pp.201-220. Morschett, D., Schramm-Klein, H. and Zentes, J., 2015. The Integration/Responsiveness-and the AAA-Frameworks. InStrategic International Management(pp. 25-49). Springer Fachmedien Wiesbaden. Pele, B., 2016.Implementation of strategies for adaptation, aggregation and arbitrage in the global company(Doctoral dissertation, Ekonomski fakultet, Sveu?ilite u Zagrebu). Schlegelmilch, B.B., 2016. Marketing: A Global Discipline. InGlobal Marketing Strategy(pp. 1-19). Springer International Publishing. Tallman, S., 2014. Business Models and the Multinational Firm. InMultidisciplinary Insights from New AIB Fellows(pp. 115-138). Emerald Group Publishing Limited.
Sunday, April 19, 2020
Pulp Fiction Review Pulp Fiction Any movie lover who is looking for a different, wild, unpredictable movie that will blow their mind needs to check out Pulp Fiction. It's definitely going to blow the minds of all watchers. The Drugs, gangs, and killing, all set in the high-class gangs of Los Angeles are more than most can handle. In this Movie, gang members played by Samuel L. Jackson, John Travolta, and Bruce Willis wheel and deal the streets and roads of the big city. All working for a drug lord named Marcelles Wallace, they go back and forth for four segments of different plots. These plots, which are not happening in order, along with the director's wittiness, and the vulgar graphic scenes of the show will entertain all watchers while blowing their minds along the way. This movie is without a doubt the ?Dennis Rodman? of movies. There are absolutely none like it. Pulp Fiction is divided into sections. They are four, separately named different sections. They're all separated in the movie by a screen telling the name of the next section. They are all jumbled around in the wrong order for confusion, or who knows why else the movie does this. In the first scene of the movie, before the movie cuts to the first section, two people began to rob a restaurant. The watcher forgets about the incident until the movie is coming to a close, and the main two characters end up in the coffee shop that is being robbed. Another example of the crazy order is that in the third section of the movie, Vincent Vega, who is played by John Travolta, is killed. Ironically, in the last section Vincent is back in the movie again. However, in the end, when the movie's sections are all pieced together, and all make sense of each other, a watcher realizes that Vincent was never brought back to life. The last section happened before the third section. The wildness of the plot s is a large part of why the movie Pulp Fiction is so different. The Movie's vulgar scenes are another characteristic that watchers will never forget. In one scene, Jewels goes into the apartment of men who have not gotten their drug deals taken care of, and bluntly shoots two of them after quoting the Bible. Another scene with vulgarity is when Marcelles's wife overdoses on heroin and Vincent Vega is forced to give her a shot to the heart in order to revive her. The way in which the camera showed the needle, and the heroin being injected into Vincent's body in another scene will catch watchers off guard as well. The movie's blunt, vulgarity seems to shock watchers more than anything. If a scene toward the end, the camera shows Marcelles being raped, and later shows him shoot his rapist in the genitals with a shotgun. All of these scenes are gory, like no other movie, and will totally blow a viewer's mind. The director of Pulp Fiction, Quentin Terentino, uses wittiness that will bend and break the watcher's train of thought. He uses odd story lines to bring the entire movie's plot together. For example, In one section, Butch flashes back to his childhood when his grandfather passed down a watch to him from many generations. And as the section continued, the watch played a major role in an indirect way to the story line. In other sections, Vincent Vega and Jewels carry around case all day. They fight, and even kill for the case. When the actors open the case, the camera will never reveal its contents to the watchers. Therefore the watcher never knows what is inside the important briefcase. Terentino later said the contents were a mystery even to him. The movie's theme is another mystery that brings a mind-boggling subject up for conversation. Throughout the entire movie, any clock or watch visible to the camera is set on 4:20. The reason for this is another mystery but is another reason that Pulp fiction will blow watcher's minds. The movie Pulp Fiction is a classic. It is the odd ball or the Dennis Rodman of movies. There is no person that can watch Pulp Fiction without being shocked
Saturday, March 14, 2020
Analyzing Ethical Behavior Paper Essays Analyzing Ethical Behavior Paper Essay Analyzing Ethical Behavior Paper Essay Ethics codes are retreated to help maintain a satisfactory level of ethical behavior within a business or organization and to help companies function more successfully (Mallow, Barnes, Bowers, Landwards, 2013, p. 101). Codes of ethics are broken numerous amounts of times in the business world. When these codes are broken, it can lead to multiple complications and scandals for corporations. Two examples of scandal and fraud in the business world are Bernard Lawrence Maddox and ENRON. Bernie Maddox Analysis Bernard Lawrence Maddox was the chairman for an investment securities firm that he founded in 1960. He was convicted of fraud in 2008 when he admitted that his business was, in fact, the largest Opinion scheme in history. Approximately $20 billion of, so-called, investments had dissipated (Kramer Ward, 2009, p. 27). In the case of Bernie Maddox, there were several investigations and red flags that appeared throughout each investigation. For instance, the fact that Maddox hardly ever encountered a down or slow month even in inconsistent markets raised quite a few suspicions. During the time of investigation, Bernie Maddox also confessed to operating a pyramid chem. as well as using a particular investment strategy called, split-strike conversion. This investment strategy entails buying and selling different sorts of options to reduce volatility (The Maddox affair:, 2008, Para. 7). Bernie Maddox is extremely smart and sneaky in a sense that he manipulated several people into investing in his Opinion scheme. Maddox took millions of dollars from huge corporations and companies. The fact that Madams company had never truly experienced a downfall should have been a major red flag to those who had invested in the company. Maddox portrayed his Opinion scheme in a way where people liked what they heard, liked what they saw, and therefore, invested immediately into the company without doing any further research. Maddox is a master manipulator, and his lack of ethics caused people to lose nearly their entire life savings. Although Bernie Maddox may have been the mastermind behind this scheme, he is not the only one to blame. There were multiple people working under Maddox. The code of ethics, or lack thereof, really shows here because if someone working in the company had any knowledge of what was going on in regards to the Opinion chem., he or she should have had the courage and honesty to go to someone of higher authority and report what Maddox was doing. If someone had any code of ethics or integrity, he or she should have thought about the lives that Madams Opinion scheme was affecting, and the illegal activity should have been reported immediately. Due to the lack of a code of ethics, multiple people lost a great amount of money by investing in Madams Opinion scheme. Bernie Maddox has an incredibly selfish view Of ethics and corporate responsibility towards his stakeholders. All that was on his mind at the time of the scheme was getting more money and being wealthy. He didnt care who he was affecting in a negative way, just as long as he benefited in the end; which is ironic since he ended up in prison with a 150-year sentence. ENRON Analysis ENRON Corporation was an energy and services company located in Texas. It went bankrupt in December of 2001 due to a planned accounting fraud. This accounting fraud led to several questions and concerns, not only about ENRON, but also about the accounting and financial companies working for ENRON. ENRON lied about its profits and stands accused of a range of shady dealings, including concealing debts so they didnt show up in the companys accounts (Enron Scandal at-a-glance, 2002, Para. 3). ENRON had close ties to the White House, therefore creating political implications as well. The lack of ethical standards for ENRON is obvious in this scandal. Executives and employees of the corporation were sneaky liars. They manipulated financial reports and accounts to make it appear as if the company was in good standing when it really wasnt. ENRON Corporation has a manipulative, unethical view on ethics and corporate responsibility. Because the corporation lied about numerous things regarding the finances and accounting, this implies that there was a huge lack of ethics within the company. The fact that executives and employees were okay with lying about so many records leads people to believe that the entire ENRON Corporation was set on a lie. ENRON, as well as accounting and financing companies, betrayed the trust Of several people because Of this scandal. Conclusion In sum, both the Bernie Maddox scandal and the ENRON scandal lacked a retain code of ethics and, as a result, both corporations no longer exist in the business world and executives and employees at each of these corporations faced life long consequences.
Thursday, February 27, 2020
Discuss the impact of marketing strategy on profits in two businesses of your choice - Essay Example Kotler (2011) suggests that a company prepares its marketing strategy by dividing the larger market into different segments and positioning itself in one target market. J Sainsbury and Tesco plc are retail companies based in Europe. They have developed almost a similar marketing strategy by focusing on the mid-market segment and using the marketing mix to position themselves in order to meet the needs of their customers. Since marketing strategies enable management to achieve organisational objectives, and one of the main organisational objectives of Tesco and J Sainsbury is to make profits, it is evidently plausible to argue that the marketing strategies of the two companies enable them to increase their profits. Achieving organisational objectives requires a business to satisfy its customersÃ¢â¬â¢ needs, wants and demands (Jobber, 2010). This is exactly what marketing strategy in Tesco plc and J Sainsbury is all about. Tesco plc has customer focused marketing strategy implied by its mission and vision statements, as well as its dealings with customers in and out of their stores. One of TescoÃ¢â¬â¢s missions is to provide customers with the best marketing trip. This simply means to satisfy customers with quality and variety of products, effective customer service, sustainable shopping environment, product price and availability of products. The company employs many employees to serve customers in order to improve the quality of service. This customer experience improves customer satisfaction and as a result increasing sales in the company. This leads to overall increase in profitability of the company. Other marketing strategies of Tesco include refreshing its stores for customers and staff, online marketing, international expansion, market development, and helping communities (Tesco, 2012). In terms of online marketing, Tesco has developed online transaction services which serve to improve the sales and consequentially the profitability of
Tuesday, February 11, 2020
Why should students attend college to obtain a education - Essay Example By exploring specific subjects, college education opens up the mind of the learners to gain more life changing skills that are essential to achieving better careers in life. Therefore, this paper determines the economic and social value of college education in contrast to what students learn in high school. Thompson (193) argues that most of the academic statistics in the United States indicates that the majority of students attend high school education to unlock their potential for better opportunities in life. It is cited that college education is an economical avenue for a better work and to earn more money. For instance, more people high school graduate would willing to attend a college education only to secure a well paying job as compared to their status of employment. Because high school job opportunities characterized by low, paying jobs such as janitors that do not require any professional experience to perform. In addition, some people attend college education to increase the knowledge skill, for people who envision educational objective go through college education just to gain sound education and get an open mind than those who may not have attained such qualifications. College education also empowers the life of an individual. The main reason being that, better-educated personsÃ¢â¬â¢ understand issues that improve daily lives of existence. Professional experience that enables a person to interpret financial statements and vital documents give a person more powers to govern his life. College education contributes immensely to the growing reward of investment decision. In essence, the firstborns in most families do find themselves automatically attending such education due to pressure from the family. The logic behind this is based on economic returns because a father who does not have college education will strive and ensure that his children excel beyond high school level (Thompson 193). According to Thompson