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Waste en P3 Essay Example | Topics and Well Written Essays - 250 words
Squander en P3 - Essay Example To get the rate measure of time used to deliver the waste, it is determined by isolating the measure of ti...
Friday, October 25, 2019
The Study of the Affects of Long Term Agruculture on the Soils of Europ
The Study of the Effects of Long Term Agruculture on the Soils of Europe 1. Introduction Soil, like iron, is a natural resource. Just as iron is mined from the earth, soil is mined for its nutrients by farmers across the globe. What most people don't realize is that like iron, soil is a non-renewable resource. Soils form naturally at rates of 0.5-0.02 mm/yr, whereas the average human-induced erosion rate is 2.0 mm/yr in the U.S.(Yassoglou, 1987). These numbers reflect the dire predicament of soils around the world, and demand answers to questions such as: What causes the degradation of soils? What role have humans played in the deterioration of soils? How much more abuse can the soil withstand? Due to the lengthy history of agriculture in Europe and the Mediterranean, these areas might provide insight into the answers of these questions. 2. Is there a problem of soil degradation in Europe? 2.1 Factors that degrade soils Soil degradation as it pertains to agriculture, refers to a deterioration in at least one of the five soil qualities: volume, structure, organic matter and/or biological activity, chemical composition, and fertility. Of the many processes that lead to the deterioration of these qualities, erosion is the most prevalent and pernicious. Erosion contributes directly to the degradation of all five qualities, and is indirectly involved in other processes of soil deterioration (Yassoglou, 1987) . Due to its importance as a factor of degradation, and the limited scope of this paper, erosion will be the focus of this inquiry. 2.2 Variables that affect soil sensitivity to erosion Soil sensitivity is dependent upon the initial state of the soil following pedogenesis, influxes of material, and the... ...(Morgan,1987). Further study could be pursued in the effect of degrading influxes on single soil properties. A complete study of soil degradation within the European Community as a whole should be done, as well as adopting a set of universal standards for measuring soil loss (Yassoglou, 1987). An interesting question to pose at this point is " If soil degradation is such a problem, why hasn't productivity been adversely affected?" The irony is that the same technological advances that increase soil degradation , increase actual productivity of the farm. Fertilizers, pesticides, and machinery all increase yields per a given area, and it is these factors that have prevented an agricultural crisis in Europe. In essence, we are running our own experiment on the soil, to see if our technology can outrace its destruction of the very foundation upon which it is built.
Thursday, October 24, 2019
Martyn Pig Quotes Essay
ââ¬Å"Something I donââ¬â¢t know what it was. It wasnââ¬â¢t real. â⬠ââ¬Å"Itââ¬â¢s strange, the lack of emotion, the absence of drama in reality. When things happen in real life, extraordinary things, thereââ¬â¢s no music, thereââ¬â¢s no dah-dah-daaahhs. Thereââ¬â¢s no close-ups. No dramatic camera angles. Nothing happens. Nothing stops, the rest of the world goes on. â⬠ââ¬Å"Reality. When you gradually come to realise that all that stuff in books, films, television, magazines, newspapers, comics ââ¬â itââ¬â¢s all rubbish. Itââ¬â¢s got nothing to do with anything. Itââ¬â¢s all made up. It doesnââ¬â¢t happen like that. Itââ¬â¢s not real. It means nothing. â⬠Morality ââ¬Å"Badness is a relative thingâ⬠Death/Tradgey/Sadness ââ¬Å"I pulled the trigger, the pistol spat, and the sparrow fell. Just like that. I stared in Disbelief. Iââ¬â¢d killed it. Stopped its life. Shot it dead. â⬠(pg 150) ââ¬â Short statements separated by commas describing the process of killing the sparrow (incites imagery in readers mind, enables them to vividly imagine the scene) illustrate the simplicity of killing and how easy it is to murder. Indicates that Martyn isnââ¬â¢t really a bad person, there was no hatred or revengefulness behind the deed, he was just curious. Short, consise sentences highlight his disbelief. ââ¬Å"I can still here the sound of it now. That sickening crack of bone on stone. I knew he was dead. Instantly. I knew. â⬠ââ¬â The rhyming of bone and stone emphasise the impact of William Pigs body as it hit the fireplace, but also emphasise the impact that his death would have on the rest of Martynââ¬â¢s life. The short sentences illustrate Martynââ¬â¢s instant feeling of shock that engulfed his body, so much so that he couldnââ¬â¢t string together long coherent sentences and could only manage small outbursts during his brains realisation of the terrible thing that had just happened and how his world is now changed forever. ââ¬Å"I hated him. I hated every inch of him. From his broken-veined, red-nosed face to his dirty, stinking feet. I hated his beery guts. But I never meant to kill him. â⬠Pg 24 ââ¬â ââ¬Å"hoping I could get away with pretending that he was ill in bed, asleep. Not dead, just asleep. I had no choice. Do you understand ? I had no choice. â⬠Alcoholism ââ¬Å"He looked like what he was: a drunk. â⬠Pg 10 ââ¬â Short and simple, no beating around the bush. Martyn has given up denying the terrible state is father is in, it is clear that he accepted long ago hi father has a serious alcohol problem. The sincerity of the sentence infers Martynââ¬â¢s resentment and hatred towards his dadââ¬â¢s self-imposed alcoholic condition. ââ¬Å"But with me, he was a drunk with responsibilities, a drunk with child benefit, a drunk with someone to clear up the sick. â⬠Pg 11 ââ¬â ââ¬ËButââ¬â¢ highlight two alternate realities and how different Billy Pigââ¬â¢s life would be without Martyn, showing the positive impact that Martyn has had on his life. Ironic because William Pig had a very negative impact (relative to readers opinion) on Martynââ¬â¢s life. ââ¬Å"Alcohol. It sucks the life out of a face and replaces it with its own dumb shine of inanity. Itââ¬â¢s up to you. If you want to lose yourself, have a drink. â⬠ââ¬â Talking directly to the reader engaging them in the story and emphasises how badly his dad alcoholism impacted his life, and strongly warns the readers against it. Loneliness/Isolation: ââ¬Å"A great swirling mess of sound searing its way into my headâ⬠ââ¬â Martynââ¬â¢s mind is different; he is isolated from the outside world.
Wednesday, October 23, 2019
Evening News Essay
News is information or a presentation about current events and is reported by a variety of means such as newspapers, periodicals, radio, television and websites on the Internet. The reporting of news falls into the field of journalism, which are typically written or broadcast in news style. Most news is investigated and presented by journalists and can be distributed to various sites via news agencies. On the other hand, according to a web encyclopedia, ââ¬Å"Short for Web log, a blog is a Web page that serves as a publicly accessible personal journal for an individual. Typically updated daily, blogs often reflect the personality of the author.â⬠(par. 1). A blog is a mixture of a personââ¬â¢s experiences in life and what is happening on the Web. It is like a kind of a personal diary-cum-guide site. There are unique types of people, thus, there are as many unique types of blogs as well. In another case, a blog is also a web site that contains dated entries in reverse chronological order (most recent first) about a particular topic. Functioning as an online newsletter, blogs can be written by one person or a group of contributors. Entries contain commentary and links to other Web sites, and images as well as a search facility is also included. Most blogs also invite feedback and comments from visitors and Internet newsgroup discussions, which tend to be more question-and-answer oriented. People have already maintained blogs before but it only gained momentum in 1999 when automated published systems were introduced. Nowadays, thousands of people use web site blog hosting services to simplify and accelerate the publishing process. The template-based software makes it easy to create an online blog and continuously allows you to add entries. Similarly like news, a blogà is a form of media. However, news is considered a traditional media while blog is connoted as internet type of media. It is a platform to communicate what anyone may wish to let anyone know within reach of an internet connection. In traditional media, you are first defined by your medium. There is some constraint on how the contents are delivered physically or digitally which is determined by your medium. According to Maverick blog article, ââ¬Å"There is a cost versus time versus interest versus access series of constraints that determines who your audience is, how you reach them and what they expect of you. Over time, those constraints have evolved our media into very defined rolesâ⬠(par. 3). Blogs are different. There is no cost constraint. It costs nothing to create a blog. There are time constraints, but much less than traditional media. Bloggers are not pressuredà to publish or create an article on a schedule. Blogging is basically personal and this is where the paths of blogging and traditional media diverge. Traditional media is business, thus it has become exclusively corporate while blogging remains almost exclusively personal. However, some bloggers have started to make money from their blogs but what they put in their blogs is all up to them which gives them satisfaction. à Members of traditional media are employees. They get hired for a specific job and they have to do that job. They get hired by a corporation that is most likely public, which means that their employers are concerned in getting their stock price up above all else. Thus, they write news and articles that is dictated by subjects perceived to make more money. à à à à à à à à à à à à à à à In comparison to mainstream media, blog gives anyone the freedom to write about anything. They can write opinion. They can report facts. They can ask questions. They can write any topics they want. Individual Web surfers post their own eclectic and varied thoughts. Still, others such as known political parties, religious and professional groups, businesses, and media organizations have created their own blog sites too. A report by Snow states that, ââ¬Å"audience for blogs in general is more than 3.5 million strong, and growing. One group that surveys political blogs believes between 20,000 and 25,000 people are regularly talking about political topics on Weblogs. These days people from every corner of the country are finding each other on screen. The impact of all this dialogue is hard to gauge, but it is clearly shaping politics and media coverageâ⬠(par. 16-18). Wright also presented that ââ¬Å"Blogging grew from the ground up as a grassroots effort. What started as a few people conversing about common interests via real-time Internet postings has become a continuous conversation among millions ofà bloggers and readers. With millions of bloggers expressing their thoughts, experiences, and information theyââ¬â¢ve learned in their fields of interest, this medium has become a worldwide forumâ⬠(3). Another interesting development of blog in comparison to traditional media is that even news agencies have created their own section termed newsblogs. Auty argues that ââ¬Å"newsblogs supplement and work alongside traditional news media by filtering and reporting news. She praises the growth of personal diaries and eyewitness accounts (such as those that sprung up after 9/ 11) but overall sees blogs as being a new way of distributing and collecting the news rather than a new source of news itselfâ⬠(341). The rapid pace of technology is changing the nature of blogs as well. The popularity of digital audio players such as the iPod has spurred the growth of blogs with audio content. People can download a wide range of audio files like music and listen to them at their convenience using a PC or a portable media player. The rapid adoption in the use of cell phones with built-in digital cameras and wireless Internet connections is also changing the face and pace of blogging. Bloggers armed with these tools can snap a picture, writes a short caption and then post it on a ââ¬Å"moblogâ⬠or mobile log, regardless of time and place. à à à à à à à à à à à Thus, with these conveniences brought about by blogging and the personal satisfaction they give on people, it is not surprising that future generations will no longer subscribe to traditional media. As Wright argues, ââ¬Å"blogs have the power to create businesses, change the course of political history, and transform the way the mainstream or traditional media looks at itself.â⬠(2). BIBLIOGRAPHY Auty, Caroline(Editor). Politics and Government in the Age of the Internet. Bradford, , UK: Emerald Group Publishing Limited, 2005. p 341. Blogging Vs. Traditional Media. Blog Maverick Website. May 13, 2006. 27 Oct. 2006 Snow, Kate. The Power of the Blog. ABC News website. Sept. 26, 2004. 27 Oct. 2006 Webopedia. The No. 1 Online Encyclopedia dedicated to Computer Technology. 26 Oct. 2006 Wright, Jeremy. Blog Marketing. Blacklick, OH, USA: McGraw-Hill Companies, The, 2005. p 2-3. Ã
Tuesday, October 22, 2019
Top 4 Tips to Write an Excellent Management Research Paper
Top 4 Tips to Write an Excellent Management Research Paper Write an Excellent Management Research Paper Research paper is the type of writing work that can be completed by graduates, undergraduates and PhDs and can become published in research or academic journals. Completing a research paper can take various amounts of time, because it depends on the depth of research, objective and the assignment itself. Therefore, it can take a couple of days or weeks to complete a basic management research paper, while writing a paper like this for an advanced program can take months or years to finish. Top 4 writing tips to help you craft an excellent research paper no matter the difficulty level: Select the Problem Choosing the right topic is the foundation of your success. You cant write a good paper about the things that youre not passionate about. Good news is that research paper on management can cover a lot of topics and problems which span across different aspects of organizations, business or different spheres of business. When choosing a topic, make sure that its not too broad and not too narrow, so that you can find enough materials to do the research. In addition to this, your topic should be relevant to actual challenges in business environment. Assess the Research There are certain stages of research that you need to complete as youre working on your paper. First of all, you should select the sources and references for your work that will be relevant to the thesis statement that you have chosen. In search of materials, dont forget to visit your university library and make sure to search for relevant research papers online. We also recommend you to use Emerald and Science Direct to search for quality research data materials. On all stages of your research, you should make sure that youre following all the requirements assigned by your professor, because you dont want improper formatting or minor flaws get in the way of your research paper. Structure Your Paper If selecting the right topic is the foundation of a good paper, good materials are the building blocks for your paper, then giving your paper a proper order and organization is the glue that holds building blocks together. Present your paper in the logical manner so that one paragraph reinforces and prepares the ground for each subsequent one. Transform the Research Never forget that research papers dont aim to restate facts that are already known. The main goal of the research is to come up with new ways to solve the researched issue. You have to show that you have studied the topic thoroughly, got acquainted with different points of view and were able to offer new, unique solutions to solve the real ongoing problems in the modern business environment. If you can speak from your own managerial experience, that would be even better. Once your paper is complete, dont forget to proofread it at least twice to remove vague parts and intensify the message. Following these four steps, you will certainly be able to write an excellent research paper.
Monday, October 21, 2019
white coller crime essays
white coller crime essays This is the age of the white-collar crime. A time when the words thief and businessmen go hand in hand. The recent events of Enron and their accounting firm Anderson Accounting has made this type of crime come to the forefront. White-collar criminals don't get their hands dirty in their work; they use their heads to get what they want instead of using muscle. These criminals are just as dangerous as the bank robbers and murderers in my opinion. In these times, even the most seemingly respectable people are being suspected of committing white-collar crimes. White-collar crimes can vary in the type and size of the crime. There are always new scams coming out. Embezzlement, false advertising, price fixing, and consumer fraud are some of the more popular kinds. Individuals that have the power of controlling money in a business are more likely to commit embezzlement. This is one of the fastest rising crimes in the nation. According to the FBI, embezzlement rose thirty eight percent from 1984 to 1993. Consumer fraud is another growing form of white-collar crime. This is defined as the use of deceit, lies, or misrepresentations to entice customers to buy goods or services. A Unites Sates senator stated thatnearly a quarter of all the money spent by American consumers was for nothing of value.? Bogus ads, job scams, and telemarketing fraud are all examples of consumer fraud. Basically these scams ask you to send money for something that is non-existent, or will never get to where you want the money to go. After September 11, 2001 these types of scams rose all over the country. The most obvious way these crimes differ from other crimes is that they don't require anydirty work.? When people think of crimes, they think of get-away cars and bank heists. The new weapons of choice for criminals are a computer or a telephone. They are just as deadly as a man with the gun. White-collar crimes are committed out of greed; the people who usually...
Sunday, October 20, 2019
Business Ethics in Bangladesh Essay Example for Free
Business Ethics in Bangladesh Essay Morality (706) , Business ethics (133) Social responsibility requires individuals engaging in business endeavors to behave in an ethical manner. Ethics are principles of behavior that distinguish between right and wrong. Ethical conduct conforms to what a group or society as a whole considers right behavior. People working in business frequently face ethical questions. Business ethics is the evaluation of business activities and behavior as right or wrong. Ethical standards in business are based on commonly accepted principles of behavior established by the expectations of society, the firm, the industry, and an individualââ¬â¢s personal values. Critically, ââ¬Å"Business Ethicsâ⬠can be defined as the critical, structured examination of how people & institutions should behave in the world of commerce. In particular, it involves examining appropriate constraints on the pursuit of self-interest, or (for firms) profits, when the actions of individuals or firms affects others. (9) With unethical business practices often receiving publicity, the public sometimes believe that people in business are less ethical than others in society. But ethical problems challenge all segments of our society, including government, churches, and higher education. Most business leaders realize their firms cannot succeed without the trust of customers and the goodwill of society. A violation of ethics makes trust and goodwill difficult to maintain. In thousands of companies, executives and employees act according to the highest ethical standards. Unfortunately managers in some firms behave unethically, and these instances are often highly publicized. Personnel executive say the major reason managers behave unethically is to obtain power and money. Business ethics is a wider term that includes many other sub ethics that are relevant to the respective field. For example there is marketing ethics for marketing, ethics in HR for Human Resource Department and the like. Business ethics itself is a part of applied ethics; the latter takes care of ethical questions in the technical, social, legal and business ethics. When we trace the origin of business ethics we start with a period where profit maximization was seen as the only purpose of existence for a business. There was no consideration whatsoever for non-economic values, beà it the people who worked with organizations or the society that allowed the business to flourish. It was only in late 1980ââ¬â¢s and 1990ââ¬â¢s that both intelligentsia and the academics as well as the corporate began to show interest in the same. Nowadays almost all organizations lay due emphasis on their responsibilities towards the society and the nature and they call it by different names like corporate social responsibility, corporate governance or social responsibility charter. Primary and Important Sources of Business ethics Ethics in general refers to a system of good and bad, moral and immoral, fair and unfair. It is a code of conduct that is supposed to align behaviors within an organization and the social framework. But the question that remains is, where and when did business ethics come into being? Primarily ethics in business is affected by the following sources ââ¬â family, religion, culture, legal system, codes of conduct, and personal experience. It is for this reason we do not have uniform or completely similar standards across the globe. These factors exert influences to varying degrees on humans which ultimately get reflected in the ethics of the organization. For example, ethics followed by Grameen Phone Ltd. are different from those followed by Square Group or Unilever for that matter. Again ethical procedures vary across geographic boundaries. A personââ¬â¢s values is the source of their ethics, and it is their philosophy, spiritual or religious beliefs that usually help mold and shape those values, but most of all it is how a person is raised by his family that sets the foundation for his ethics in later life. Itââ¬â¢s the basic source of business ethics. It is one of the oldest foundations of ethical standards. Religion wields varying influences across various sects of people. It is believed that ethics is a manifestation of the divine and so it draws a line between the good and the bad in the society. Depending upon the degree of religious influence we have different sects of people; we have sects, those who are referred to as orthodox or fundamentalists and those who are called as moderates. Needless to mention, religion exerts itself to a greater degree among the orthodox and to lesser extent in case of moderates. Fundamentally however all the religions operate on the principle of reciprocity towards ones fellow beings! Culture is a pattern of behaviors and values that are transferred from one generation to another, those that are considered as ideal or within the acceptable limits. No wonder therefore that it is the culture that predominantly determines what is wrong and what is right. It is the culture that defines certain behavior as acceptable and others as unacceptable. Human civilization is fact has passed through various cultures, wherein the moral code was redrafted depending upon the epoch that was. What was immortal or unacceptable in certain culture became acceptable later on and vice versa. During the early years of human development where ones who were the strongest were the ones who survived! Violence, hostility and ferocity were thus the acceptable. Approximately 10,000 year ago when human civilization entered the settlement phase, hard work, patience and peace were seen as virtues and the earlier ones were considered otherwise. These values are still in practice by the managers of to day. Still further, when human civilization witnessed the industrial revolution, the ethics of agrarian economy was replaced by the law pertaining to technology, property rights etc. Ever since a tussle has ensued between the values of the agrarian and the industrial economy! Laws are procedures and code of conduct that are laid down by the legal system of the state. They are meant to guide human behavior within the social fabric. The major problem with the law is that all the ethical expectations cannot be covered by the law and specially with ever changing outer environment the law and specially with ever changing outer environment the law keeps on changing but often fails to keep pace. In business, complying with the rule of law is taken as ethical behavior, but organizations often break laws by evading taxes, compromising on quality,à service norms etc. A business code of ethics is a series of established principles an organization uses when operating in business or society. Organizations often develop these codes to ensure that all individuals working in the company operate according to the same standards. Most individuals have an internal code of ethics or moral principles they follow in life. A situation one individual finds ethically reprehensible may not seem so to another individual. Using a code of ethics in business attempts to create a basic understanding of acceptable ethical behavior to be used when handling situations involving the company, government agencies and the general public. If an individual is rewarded or is not punished for behaving unethically, the behavior will probably be repeated. This type of experience encourages other to do unethical things in future. Likewise the threat of punishment and the lack of reward for unethical activities encourage that particular person and all others to behave ethically. Factors Influencing Ethical Behavior To encourage ethical behavior, executives, managers, and owners of firms must understand what influences behavior in the first place. The several factors that affect individualsââ¬â¢ behavior in business: the business environment, organizational factors, and an individualââ¬â¢s personal moral philosophy. Almost daily, business managers face ethical dilemmas resulting from the pressure of the business environment. They are challenged to meet sales quotas, cut costs, increase efficiency, or overtake competitors. Managers and employees may sometimes think the only way to survive in the competitive world of business is by deception or cheating. In some instances, an organization may use someone elseââ¬â¢s successful work without the permission of the owner or originator. Conflict of interest is another common ethical problem stemming from the business environment. Often an individual has aà chance to further selfish interests rather than the interests of the organization or society. To gain favor with people who make purchasing decisions for their companies, a seller may offer special favors or gifts, ranging from a metal to clothing to trips. Some offer cash-a kickback-for putting through a contract or placing orders with a company. Others offer bribes. Such illegal conduct will damage the organization in the long run. In order to limit unethical behavior, business firms must begin by expecting their employees to obey all laws and regulations. The international business environment presents further ethical dilemmas. Business people and government officials in different countries and cultures often operate according to different ethical standards. The organization itself also influences ethical behavior. Individuals often learn ethical or unethical behaviors by interacting with others in the organization. An employee who sees a superior or co-worker behaving unethically may follow suit. An organization can also use rewards to influence the behavior of its members. If an individual is rewarded or is not punished for behaving unethically, the behavior will probably be repeated. Likewise the threat of punishment and the lack of reward for unethical activities encourage ethical behavior. The severity of punishment also sends a message to other individuals who might be considering similar activities. A personââ¬â¢s own moral philosophy also influences his or her ethical behavior. A moral philosophy is the set of principles that dictate acceptable behavior. These principles are learned from family, friends, co-workers, and other social groups and through formal education. In developing a moral philosophy, individuals can follow two approaches: The Humanistic Philosophy focuses on individual rights and values. Individuals and organizations adopting this philosophy would honor their moral duties to customers and workers. Individuals and organizations following the Utilitarian Philosophy seek the greatest good for the largest number of people. Most of us would agree that it is ethics in practice that makes sense; just having it carefully drafted and redrafted in books may not serve the purpose. Of course all of us want to be fair, clean and beneficial to the society. For that to happen, organizations need to abide by ethics or rule of law, engage themselves in fair practices and competition; all of which will benefit the consumer, the society and organization. Primarily it is the individual, the consumer, the employee or the human social unit of the society who benefits from ethics. In addition ethics is important because of the following: 1. Satisfying Basic Human Needs: Being fair, honest and ethical is one of the basic human needs.à Every employee desires to be such himself and to work for an organization that is fair and ethical in its practices. 2. Creating Credibility: An organization that is believed to be driven by moral values is respected in the society even by those who may have no information about the working and businesses of that organization. British American Tobacco, for example is perceived as an organization for good corporate governance and social responsibility initiatives. This perception is held far and wide even by those who do not even know what business the organization is into. 3. Uniting People and Leadership: An organization driven by values is revered by its employees also. They are the common thread that brings the employees and the decision makers on a common platform. This goes a long way in aligning behaviors within the organization towards achievement of one common goal or mission. 4. Improving Decision Making: A manââ¬â¢s destiny is the sum totals of all the decisions that he/she takes in course of his life. The same holds true for organizations. Decisions are driven by values. For example, an organization that does not value competition will be fierce in its operations aiming to wipe out its competitors and establish a monopoly in the market. 5. Long Term gains: Organizations guided by ethics and values are profitable in the long run, though in the short run they may seem to lose money. For Example, Tata group, one of the largest business conglomerates in India wasà seen on the verge of decline at the beginning of 1990ââ¬â¢s, which soon turned out to be otherwise. The same companyââ¬â¢s Tata NANO car was predicted as a failure, and failed to do well but the same is picking up fast now. 6. Securing the Society: Often ethics succeeds law in safeguarding the society. The law machinery is often found acting as a mute spectator, unable to save the society and the environment. Technology, for example is growing at such a fast pace that the by the time law comes up with a regulation we have a newer technology with new threats replacing the older one. Lawyers and public interest litigations may not help a great deal but ethics can. Business Ethics- Practice in Bangladesh In Bangladesh, though practice of Business ethics is still not so commendable in public sector and small companies, but business ethics has been an increasing concern among larger companies, at least since the 1990s. Major corporations increasingly fear the damage to their image associated with press revelations of unethical practices. The following information about the functions relating ethics and social responsibility of 2 reputed companies of our country will give a brief idea about the practice of Business Ethics in Bangladesh. Advanced Chemical Industries (ACI) Limited is one of the leading conglomerates in Bangladesh, with a multinational heritage. They have a mission to achieve business excellence through quality by understanding, accepting, meeting and exceeding customer expectations. They follow International Standards on Quality Management System to ensure consistent quality of products and services to achieve customer satisfaction. They are focusing on improving the food habit of consumers through providing more ready to cook products and ready to eat as well. Their visions are to establish harmonious relationship with the community and promote greater environmental responsibility within its sphere of influence. Their Values are Quality, Customer Focus, Fairness, Transparency, Continuous Improvement, and Innovation. Societal Development through Educational Programs: ACIââ¬â¢s guiding principle in all its operations is to be a responsible corporate citizen. Thus Social Responsibility is a top priority for every individual at ACI. Their Initiatives and significant contribution to societal development is Continued Medical Education (CME) for medical professionals and Childrenââ¬â¢s Education Programs. ACI has also undertaken an English Education program in Faridpur, one of the remotest districts of Bangladesh. This provides support to teach English Language to school going children. Doctors in Bangladesh who are not living in the metropolitan cities have very limited access to the Internet or any other sources of information. In order to keep them updated on the developments in the medical practices regularly, the CME program has been proven highly effective. ACI believes that by promoting education of children, they are contributing to societal development by shaping the minds of their futur e leaders. Environment Friendly Practices: ACI has undertaken extensive programs to educate crop farmers all over rural Bangladesh in Good Agricultural Practices. They have a team of agricultural experts working at the field level all across the country, holding a range of technical trainings and field demonstrations. ACI also has similar education programs for animal and poultry farmers. These include, Technical trainings on diverse aspects of farming, and on application of new technologies, Farmersââ¬Ë group meeting for sharing of learning and experience, Free visits to farms by veterinarians, to identify problems and give advices to individual farmers. Most importantly, making the farmers aware of ways to protect the environment from hazardous uses of chemicals on their farms, allowing them the opportunity for informed decision-making. ACI hopes to continue to play a leading role in promoting greater environmental responsibility among farmers in Bangladesh. ACI Company produces some products which do not work properly, like ACI Aerosol. It is mainly produced for killing mosquitoes, but thatââ¬â¢s not true. Most of the mosquitoes go away for sometimes but not killed. Sometimes someà products like ACI Atta, ACI Maida, etc contains 1975 grams instead of 2000 grams but they fix their prices for 2kg of the products. These are unethical for their marketing practices. Over the last four decades, Unilever Bangladesh has been constantly bringing new and world class products for the Bangladeshi people to remove the daily drudgery of life. Over 90% of the countryââ¬â¢s households use one or more of Unilever products. They aim to give everybody a little something to celebrate about themselves every day. They believe that to succeed in business, it is essential to maintain the highest standards of corporate behavior towards everyone they work with, the communities they touch, and the environment on which they have an impact. Effective Code of business principles: Their code of business principles describes the operational standards that everyone at Unilever follows, wherever they are in the world. It also supports their approach to governance and corporate responsibility. Code of business principles are- Standard of conduct, Obey the law, employees, consumers, shareholders, business partners, community involvement, public activities, the environment, innovation, competition, business integrity, conflict of interest, compliance, reporting, monitor. Women Development and Women Empowerment: Unilever strongly believes in the importance of empowering women in Bangladesh, because the progress of any society will be constrained if a significant part of its population is neglected and excluded from the benefits of development. They believe, with economic and educational empowerment, women can become more vocal about their rights and become stronger in withstanding repression in any form. So they have established ââ¬Å"Fair & Lovely Foundationâ⬠. The mission of this foundation is to encourage economic empowerment of Bangladeshi women through information and resources in the areas of Education, Career and Enterprise. It is this realization that has brought about the Fair & Lovely Foundation Scholarship Program. Under this scholarship scheme, women who have passed their HSC each receives a Taka 25,000 scholarship to support her tertiary level education. Unilever produces Fair & lovely fairness cream, lotion, etc and they claim that skin color will be white after using this product. But that it is not true. There are no scientific values about whiteness. This is totally unethical performance in marketing activities of this company. Comparative Customer Evaluation on Ethical Performances of 3 Reputed Companies of Bangladesh Figure ââ¬â Customer Response on Maintenance of Ethical Procedure by the Companies (1) Figure ââ¬â Customer Response on Deceptive Practices Used by the Companies (1) Figure ââ¬â Customer Response on Significant Contribution toward Ethical Marketing (1) Figure ââ¬â Customer Response on Satisfaction through Using Products of the Companies (1) Figure ââ¬â Customer Response on Changing of Defective Products by the Companies (1) Bribery & Nepotism- A Curse against Ethical Practice Corruption is a very strong example of unethical behavior and it is still prevailing in different business sectors of our country in the form of Bribery and Nepotism. Nepotism is the way in which someone approaches and compels a person of power and authority to take necessary steps to get his work done by capitalizing kinship, friendship or political lobbying. Bribery means offering gifts, money etc. to get a work done in unethical way. Often public officers are infamously alleged for taking bribes to award public contracts using their power. Bribery and Nepotism also exist in the corporate world, which is very harmful for ethical practices and creates hindrances in building proper and ethical business environment. Managing or Encouraging Ethical Behavior Managing the financial operations of a company can be a complex effort. Companies need to balance their desire to grow with the realities of maintaining their financial relationships, satisfying their investors and making a profit. Government Regulations: The government can do so by legislating more stringent regulations. But, rules require enforcement and when in many cases there is evidence of lack of enforcement even the ethical business person will tend to ââ¬Å"slip something byâ⬠without getting caught. Increased regulation may help, but it surely cannot solve the entire business ethics problems. Trade Associations Setting Guidelines: Trade associations can and often do provide ethical guidelines for their members. These organizations within particular industries are in an excellent position to exert pressures on members that stoop to questionable business practices. Companies Providing Code of Ethics: Employees can more easily determine and adopt acceptable behavior when companies provide them with a ââ¬Å"code of ethics.â⬠Such codes are perhaps the most effective way to encourage ethical behavior. A code of ethics is a written guide to acceptable and ethical behavior that outlines uniform policies, standards and punishments for violations. Because employees know what is expected of them and what will happen if they violate the rules, a code of ethics goes a long way towards encouraging ethical behavior. However, codes cannot possibly cover every situation. Companies must also create an environment in which employees recognize the importance of complying with the written code. Managers must provide direction by fostering communication, actively modeling and encouraging ethical decision making, apart from investing in training employees to make ethical decisions. Whistle Blowing Technique: Sometimes, even employees who want to act ethically may find it difficult to do so. Unethical practices can become ingrained in an organization. Employees with high personal ethics may then take a controversial step called ââ¬Å"whistle blowing.â⬠Whistle blowing is informing the press or government officials about unethical practices in an organization. Whistle blowing could have averted disaster and preventedà needless deaths in the Challenger space shuttle disaster, for example. How could employees have known about life-threatening problems and let them pass? Whistle blowing on the other hand, can have serious repercussions for employees; those who make waves sometimes lose their jobs. The main objective of business is to serve people with their every need for the well-being of human being and to ensure that, there is no alternative of following business ethics. Since the practice of business ethics in our country is still not ubiquitous, we are not getting the proper environment for the business, and thus often we are facing some crisis situation and it is hampering our total economic development. Our policy makers and the top executives of the organizations should give more concern in making ethical policies and take proper steps to encourage business executives and service holders to follow them. 1) ââ¬Å"Ethics In Marketing On Bangladesh Perspective: Study on Few Companies of Bangladeshâ⬠- collected from ââ¬Å"World Journal of Management Volume 2. Number 2. September 2010â⬠, the direct link- http://wbiaus.org/10.%20Tajmeela-FINAL.pdf 2) ââ¬Å"Business for the 21st Centuryâ⬠- Skinner & Ivancevich 3) ââ¬Å"An Integrated Approach to Business Studiesâ⬠(4th edition)- Bruce R Jewell 4) ââ¬Å"Business Studiesâ⬠(4th edition)- Dave Hall-Rob Jones-Carlo Raffo- Alain Anderton 8) www.sagepub.com/upm-data/10923_Chapter1.pdf 9) www.businessethics.ca/definitions/business-ethics.html Business Ethics in Bangladesh. (2016, Apr 12). We have essays on the following topics that may be of interest to you
Friday, October 18, 2019
Fair Value Accounting Essay Example | Topics and Well Written Essays - 1500 words
Fair Value Accounting - Essay Example (Parshall, 2009) This study is set out to discuss fair value accounting and more specifically determine its role in the credit crisis that rocked the world in 2008. It will try to justify the statement that, ââ¬Å"Fair value accounting only works in efficient, active and liquid markets. In order to produce information which is relevant and reliable, fair value focuses on market prices.â⬠Due to the financial crisis, fair-value approach for accounting has triggered major debates globally. Among the debaters are the European Commission, USA Congress as well as accounting and banking regulators in the globe. Cynics have it that the financial crisis impacting the whole world in the recent past has been mostly caused by the effects of fair-value accounting. The study is going to determine whether fair value accounting is only applicable in active, efficient and liquid markets. Various arguments will be considered while trying to draw the befitting approach to the issue. The Standards of accounting reports, IFRS and US GAAP, aid in deriving from market prices in various circumstances. However, it is not very clear whether these standards are the origin of the predicaments. The allowing of the managements of organisations to be flexible when it comes to dealing with future value accounting problems leads to the manipulation during such times as those of financial crisis. From the perspective thus the market conditions may impact on fair value accounting. However, according to Laux and Leuz, future value accounting is an approach to the measurement of liabilities and assets in a given companyââ¬â¢s balance sheet. FASââ¬â¢s number 157 definition is that fair value accounting is ââ¬Å"the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.â⬠Under IFRS fair value has been defined as the sum at which a certain asset and liability could be
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