The Phar-Mor Fraud Case

Collins 5 Patrick Collins Ms. Vyse English II Honors 4/15/16 Unethical Business Practices in All My Sons and World War II Would you use unethical business practices such as selling defective parts just so you could get rich off of it? Many companies used unethical business practices in World War II to make huge profits. These huge profits generated by these companies came at the expense of others. Businesses did not care if lives would be lost or if it would make America loss the war, they just cared about money. In the play All My Sons, Joe Keller also knew that his decisions could cost lives, but he still decided to commit actions that did cost lives anyway for his business.

In Samsung company, the internal control system is ineffective because of the adequate division of responsibilities among employees didn’t exist among those who perform accounting procedures or control activities and those who handle assets. For instance, John Y. Lee created fake invoices, purchase orders and payment applications to make it come out that Samsung Corning Precision Co. Ltd had ordered and received services from Engelhard Supple Co. John Y. Lee used the fake documents to cause Samsung America Inc. to payment to an ESC bank account that John Y. Lee

Though scientific management improved productivity, it was failed to deal with the social context of the workers and the conflict between managers and employees have been increased. Under this system workers often felt exploited (Samson, Daft, 2009). Because of this labor unions got strengthened up and the bargaining power of labor has been increased. Scientific management has put unnecessary pressure on the employees to perform task faster. The employees have been treated as machines and Taylor forgot to understand the social context or need of the workers.

Nike provided a clear lesson on how supply chain ethics are made visible and can impact a brand. Nike initially had hyper-growth in the 1970’s and early 1980’s. At this time, Nike outsourced the assembly of it’s products to third parties in Asia in order to both drive efficiency and lower labour costs. When asked about their questionable business practices with some of these third-parties, Nike publicly stated that they couldn’t be expected to be responsible for the practices of its suppliers. This statement led to national media and activist groups sharpening their focus on the business practices of Nike suppliers and by extension Nike.

Nike’s first globalization strategy was outsourcing. Nike Inc. realized that manufacturing its products (footwear) in the U.S was expensive and to further export these products to distributors outside the U.S would be a massive challenge. This is because price affordability was a major concern for customers outside the U.S who would not comprehend why sportswear should be that expensive to buy. However, Nike Inc. took advantage of globalization by using the Japanese high-quality, low-priced production strategy by outsourcing all its shoe production to Japanese producers (Locke,

An example of jargon is statement in business communication disambiguate, The word clarify can simply be use in place of that. An example of jargon that i have use in the pass in business communication is telling my co worker that “ we need to grow the business“ this statement is totally wrong because it not the right words to use. instead the word “ we need to build the

Nike has only disclosed that information once, in a similar report released in 2001. At the time, some critics claim to challenge Nike for paying more than the minimum wage in each country it did business. It's been said that Nike has single-handedly lowered the human rights standards for the sole purpose of maximizing profits and Nike products have become synonymous with slave wages, forced overtime, and arbitrary abuse. One columnist said, "Nike represents not only

In this case, the Commonwealth Bank of Australia is not able to exercise his right as a financial planner's responsibility and obligation, in order to obtain higher profits, to provide customers the adverse information to customers, make customer interests is damaged. Due to Commonwealth Bank of Australia the improper pursuit of profit, even caused some customers investment all fail, especially during the financial crisis, caused huge losses to the customer. Commonwealth Bank of Australia of this kind of behaviour seriously disrupt the specification of financial market order, caused the bad influence on financial market. However in this case, we can see clearly that Australian Securities and Investment Commission as industry supervisor did not make the appropriate treatment for Commonwealth Bank of Australia’s unfairly achieve profit behaviour. The report concluded that “ASIC has limited powers and resources but even so appears to miss or ignore clear and persistent early warning signs of corporate wrongdoing or troubling trends that pose a risk to consumers.”

Jack Welch created wealth while managing GE, in the 1980s he started to notice the necessities of the company. I do not believe this job could have been done any better, Mr. Welch noticed that competition was on the rise as well as outsourcing. The wages in America started to rise and he predicted that GE would not be able to keep growing and continue making profit how he envisioned it would so he started to implement his plan. He started buying well developed business and sold off the parts of those business that would not make huge profit or were not number one or two in their specific market. 2.)

Nike is a clear example of a company whose previously unethical practices led to bad PR and motivated them to get involved in CSR. Similarly to Bowen’s concept of the evolution of CSR, Nike too has gone through an evolution that first started from profit focus, then progressed to community affairs, and finally to their now sustainable business (one of the carroll citations - not entirely sure if you’re supposed to put in citations twice though). In the 1990’s there was a lot of controversy surrounding Nike, this was mainly due to their profit focused initiatives and lack of ethics. Nike initially had hyper-growth in the 1970’s and early 1980’s.

Second Paper The cause of The Great Depression was attributed to the sloppy, careless behavior of banks, who were being too speculative in the way that they were investing their assets while simultaneously buying new issues with the intention of reselling them to the public. Companies were being given questionable loans in order to stay afloat by the same banks who held a stock interest in them! The banks, in turn, would then advise their clients to invest in the same companies that were being propped up by the banks. Eventually, this cycle blurred the lines of what banking was truly intended to do, and when compounded with the amount of risk involved with this type of behavior, the marked crashed.

So, someone else might say that the changes in the progressive era were a result of the big industrialist changing their minds because in the end of their lives, they gave away all of their money. If the big industrialist gave away all of their money at the end of their lives, they must have felt bad about cheating their workers, so they changed the way that they treated their workers. Whoever said that would be wrong. They would be wrong because it took two acts to end monopolies, the Clayton Anti-Trust Act and the Sherman Anti-Trust Act (Whitehead,

The businesses took advantage of their workers by extending work hours but also leaving their wages the same. They were trying to work them for every penny they could not caring who they were hurting in the process. The people also disfavored the new political system they did not agree with politicians no longer listening to the opinions of the people, they felt that they were being silenced and they could do nothing about it. The corporations may have lowered the costs of a few accommodations but it was outweighed by the unfairness the people had to deal with.

Forcing companies to hire American workers will cut into the profits of the people who manage and run the company but those figures are nothing in comparison to what the taxpayers have to deal with. Now, with this particular section of the amendment will not completely ban outsourcing, It will simply cut in so that more American men and women can have an opportunity to work and survive. Tax evasion is already illegal, yet many people still find a way to cheat the system. That is why with this last and final clause of the Amendment will give powers to the IRS to conduct detailed investigations on people suspected of tax fraud. Hopely, that will force people who are already stealing from taxpayers to simply pay like the rest of us.

Jason Compson’s inability to get over the grudge that he has for Caddy, proves that one must forgive what has happened in the past to be happy in the present. Similar to Quentin and Benjy, Jason is an unreliable narrator as he does not accurately give a representation of what is going on around him. Although Jason understands the difference between past and present, certain details are muddled and twisted by his point of view. An example of this is when Jason is asked to show a customer “a churn or a nickel’s worth of screen hooks”. Both of these items are extremely unalike and would never be asked for as a substitution for one another.