Friday, December 27, 2019

The Unethical Business in the Telecommunication Industry

Executive summary The report will have a close look on unethical business about telecommunication industry. We know that a lot of times the rights of consumers are not protected. Because of the much unethical behaviour in the industry, consumers often faced the choices between interest and social morality. In many cases this report has discovered that the unethical behaviours. The essay will also Analysis of each company and provides recommendations for investors. Introduction This report will look at: †¢ The unethical behaviour about WorldCom accounting scandal †¢ The Monopolistic competition about china telecom †¢ The overcharging behaviour of ATT †¢ Recommendations for telecommunication industry †¢ Conclusion Findings†¦show more content†¦Ã¢â‚¬ ¢ Price Maker: They can decide the price of the product or goods to be sold. †¢ Price Discrimination: Usually refers to providers of goods or services to different recipients to provide the same level and same quality of goods or Services, Different interview with the different price. †¢ Single seller: In a Monopolistically competitive markets there are just one or two sellers of the good which produces all outputs. For this reason, the whole market has to serve by a single company, and this biggest company is the same as the whole industry. †¢ High Barriers to Entry: The competitors are unable to entry this market of the monopoly. We can witness that the triangle part is the Deadweight loss. Antitrust law or Antimonopoly Act Competition law, the most famous competition law is antitrust law, is law that stimulative market competes and adjust anti-competitive behavior. The role of the anti-monopoly law can be divided into four aspects: Maintain a reasonable market structure improve the efficiency of resource allocation. Maintenance and promotion of effective competition in the market, promoting the development of economic and technology. Protecting the legitimate rights and interests of consumers and social public welfare. Economic democracy Against overcharging In this case, we can witness that the company is trying to limit the consumers use more data by theShow MoreRelatedThe Three Major Factors Fueling International Technological Growth1271 Words   |  6 Pagesinternet, telecommunications, and e-commerce. The internet has the capability to generate international market expansion and future international growth for firms. It has evolved into a mechanism that can be used to capture new international market opportunities. Due to transactional and communication capabilities, the internet has become an efficient and effective conduit for global trade and international market expansion (Matthew Kleiner, 2008). Telecommunications The telecommunications industryRead MoreThe Ethics Case Study Assignment1343 Words   |  6 Pagescompany built on telecommunications in the United States. WorldCom was invented in 1963 and the MCI WorldCom was established in 1998. During the 1990’s, WorldCom was a fast growing company in terms of their telecommunication services. The company started to supply long distance calling in 1983 and was considered the fourth best phone providing business. It was very effective due to the quality and quantity of services they provided such as internet, data and other telecommunications. In 2002, WorldComRead MoreCorporate Scandal : Enron Scandal1197 Words   |  5 Pagesethical beliefs and practicing unethical behaviors. Ethics are a major concern in the business world because there are so many opportunities for people to make unethical decisions that will result in financial gains for themselves. In some cases, these unethical decisions not only affect that person(s) that make the decisions, they can affect the entire company as well as was the case with WorldCom. There are many factors that could lead a person to make unethical decisions but there are three thatRead MoreThe Performance Of A Good Corporate Image1548 Words   |  7 PagesIntroduction Leadership plays a critical role in the achievement of organizational growth and exhibit the best performance in the industry. 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Business scandals are not some new phenomena; but with the increasingly global nature of business and industry the economic fall out of ethical lapses or illegal activity have the potential to become global in scale. This potential was seen during the financial crisis of 2007-2010. Unethical and in some cases illegal business practices had negative impactsRead MoreLost insurance benefits as well as retirement benefits tied to WorldCom stock. Shareholders, which1200 Words   |  5 Pagesbillions of dollars. The California public-employee’s retirement system, the largest state pension fund in the country, sued in an attempt to regain some of the $580 million it lost i n the WorldCom debacle (Ripley 6). The telecommunications industry suffered as well. Industry companies were competing against WorldCom under false pretenses. WorldCom was fraudulently stating its financials and its competition could not possibly be aware of WorldCom’s true expenses. As a result, competing companiesRead MoreEnron and Worldcom Case Study1225 Words   |  5 Pagesreport is based on the demise of Enron Corporation and WorldCom. Both the firms are demised due to the ethical lapses. These ethical lapses come into existence when managements of the firm, uses unethical practices to accomplish the goals of the firm. Maintaining financial and accounting standards in the business practices are necessary. The profession of accounting has become a mockery due to the accounting scandals that took place all over the world in the last decade (Smith amp; Smith, 2003). TheRead MoreThe Global Economy Of Apple Inc. Essay1614 Words   |  7 Pageseconomies are heavily relying on each other. Unlike in the past where business and society appeared to exist inde pendently, there now appears to be a heavy integration between the two. As a result, when one is affected, there is a ripple effect on the other. 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Thursday, December 19, 2019

The Economic Consequences Brought By The Banning Of Gmos

The economic consequences brought by the banning of GMOs in the EU Biotechnology, according to the biotechnology industry organization, is a way that â€Å"harnesses cellular and biomolecular processes to develop technologies and products.† The most common and well-known type of biotechnology in the food system is genetic engineering, which refers to the manipulation of an organism’s genome. Some of the food we consume today are genetically modified. The most well-known genetically modified organisms (GMOs) are corn and soybeans. Monsanto, being a leading producer of genetically engineering seed founded in America, contributed to a large amount of genetically modified crops produced in the United States as well as in other countries which supported biotechnology. Meanwhile, on the other parts of the world, the European Union (EU) expressed strong disapproval of GMOs. In fact, this paper is going to investigate into the economic consequences brought by the banning of GMOs in the EU in various ways. In order to examine the consequences of banning GMOs, it is essential to examine the reasons why the EU has made the decision to ban GMOs. Based on the precautionary principle of GMOs embodied in the EU legislation, â€Å"the EU and its Members are required to take measures to prevent adverse effects on human health and the environment that may occur owing to the intentional release of GMOs into the environment or the marketing of and import into the EU of GMOs or products made from GMOs.†Show MoreRelatedLas 432 Research Paper: Gmos20901 Words   |  84 Pageswith scientists in a controlled scientific environment. This innovative technology is not without its legal, political and social issues, all of which will be discussed in depth. Among other things, this report also addresses the environmental, economic and psychological impact that Genetically Modified Organisms and the science of them have on the world. Media influences and the cultural perspective is also addresses within this report. The topics of ethics and morality are often included in topicsRead More50 Harmful Effects of Genetically Modified (Gm) Foods14312 Words   |  58 Pages50 HARMFUL EFFECTS OF GENETICALLY MODIFIED (GM) FOODS In a sentence This article outlines the many harmful effects of GM or genetically-modified foods (known also as genetically-engineered foods) and representng lab-created GMOs or genetically-modified organisms. By Nathan Batalion, ND We are confronted with what is undoubtedly the single most potent technology the world has ever known - more powerful even than atomic energy. Yet it is being released throughout our environment andRead MoreUAE Consumer Lifestyle Analysis42818 Words   |  172 Pagesin fertility rates. As the country experienced an economic boom and attracted a large number of expatriates, the government found that it had to offer Emiratis incentives to marry other Emiratis in order to maintain growth rates within the local population. Now, as a disincentive, according to UAE law if an Emirati woman marries someone who is not Emirati, she loses her right to UAE citizenship, making her children non-Emirati. As an economic incentive, the government also often funds mass weddings

Wednesday, December 11, 2019

Reflexive Research Transformational and Charismatic Leadership

Question: Discuss about the Reflexive Research for Transformational and Charismatic Leadership. Answer: Introduction: A leadership style is about providing right direction to the people, implementing plans and motivating other people. The leadership style is one of the major factors that works behind the success of a business organization (Avolio and Yammarino 2013). In the business organizations, basically the managers are considered as the leaders of the organizations. They are responsible for managing all the people working within the organization. In this report, the different perspective of a manager and the leadership style has been evaluated. This is about the self reflection of the journey I have completed as a manager of a restaurant. Current role and responsibilities: At present, I am working as a manager of a restaurant in Australia. The key of getting success in the business of the restaurant is to provide the best customer services. As the manager, I have the responsibility of managing all the people who are working in the restaurant for providing the most superior services and fresh foods to the customers. The different role and responsibilities I have in the workplace are discussed in the following section: Recruitment and selection: I am the responsible person for recruitment and selection of the employees for the restaurant. The recruitment and selection of an employee for the restaurant is associated with selection of the right candidate who will be able to fulfill all the objective of the restaurant by applying his or her skills. Training: After selecting a candidate as an employee of the restaurant, professional training of the candidate is done under my supervision. Supervising: How the workforce of the restaurant are working in the workplaces is my another important job as the manager. I used to supervise the workers and taking proper actions regarding any wrong actions. I also used to give rewards to the employees for outstanding works. Menu planning: I used to plan the menu of the restaurant depending on the choice of the customers. The food habit of the customers are associated with the seasonal factors. I used to consider the weather conditions and festivals for deciding the menus in the restaurant. Promotional activities: In order to promote the services, I used plan promotional activities like special offers and advertisements. Maintaining health and safety: Health and safety maintenance for both the employees and the customers is very vital in the restaurant. As the manager of the restaurant, I used check each of the food items for hygiene and taste. I am also responsible for ensuring the health and safety of the employees while they are working within the workplace. Major challenges faced in the position: The main challenge faced in the job position currently I am working is the selection of the right people. The workers of a restaurant should have high level of communication skills for serving the customers in the best way. The behaviour of the employees is the main factors behind the success of the restaurant. In this context,, it has been found several time that the employees are failed to behave properly. I had to use strict actions against the employees. Another challenge I have faced in the role of the manager of the restaurant is the selection of the menu as per the customer preferences. Sometimes, I have failed to fulfill the demands of the customers. More understanding of the customers perception is required to get desired level of success in this job. Key aspects of the leadership style followed: The leadership style I have followed is transformational leadership. I am working with my subordinates to identify the requited changes in the restaurant. This is a kind of business, which needs frequent changes to match the demands of the customers. In order to provide the best customer service, it is very important to implement changes as per the demands of the customers. The bottom line employees interact with the customers and get the information regarding the perceptions of the customers and their expectations. I used to help the junior level employees to understand the responsibilities of the positions they are currently working (Van Dierendonck et al. 2014). I used to motivate the employees for getting better performance from them. I am following the reward and recognition system for motivating the employees. These help me to build a strong workforce for providing a great service to the customers. The rewards and recognitions are given based on the performances of the employee s. The job performance are analyzed based on certain performance indicators. Maximum values are given to the section of customer satisfaction while measuring the level of performance of the employees. My leadership style has been developed by following the style of the former manager of this restaurant. I used to work as a junior assistant in the restaurant when I have joined here. I have learned the way of managing people and organizing different types of activities in the restaurant from the manager. I am following the way learned from the transformational leadership which was followed by him within the context of the different types of activities of this restaurant. He introduced many changes in the operational environment of the restaurant. Many changes also done by me after being the manager of the restaurant. The changes are done with respect to the changes of the technology and the food habit of the target customers. The food processing system of the restaurant is updated with the hi-tech food processing systems in the last year. In order to operate the system properly staff training was required in the workplace. In this context, I have arranged a training program for the employees who will handle the system. Experts form the systems company gave a training of one week to the employees (Choudhar et al. 2013). The result of using the system was very good. The employees are able to produce healthy and tasty foods within a shorter time period with the help of the system. The main aspect behind these kinds of works of me is to provide something new for upgrading the operational environment and provide the best support to the employees to adapt the new changes (Wright et al. 2012). I used to understand the strength and weaknesses of individual employees and take necessary actions against them. I always used to do give proper support to the people require to develop themselves as a professional in this field. Feedback regarding the leadership style: As per the feedbacks given by my co-worker my leadership style is overall good but I have some problems with my behaviour. According to him, sometimes I become too strict against the employees and lose my patience level. This happen when I found some problems in the works of the employees which may affect the customers perception regarding the services of the restaurant. Another negative feedback I got regarding the decision-making criteria. I have tried my level best to take suitable decisions regarding the operations of the restaurant by considering the concern of all the employees. However, I have got the feedback that I need to take concern of the employees regarding the decision making for increasing the customer satisfaction rate as the employees are more close to the customers than me. Implications of the feedbacks: The implications of the feedbacks are in the area of the employee satisfaction and retention rate. The negative feedbacks got regarding the behavioral aspect create negative impact on the employees, which is not good for the overall success of the restaurant. I need to give focus in this area for holding more patience at the time of taking actions against the poor quality of work. The decision making error is a big mistake of my leadership style. It has been fund that the decisions taken by me were not highly successful all the time. Especially the selection of the menu failed many time to attract the customers at the expected level. I need to give more focus in this area and need to take concerns from all the front level employees who are responsible to handle the customer directly. Application of the leadership theories and models for solving the implications: The theory of transformational leadership style is saying that the leader should highly co-operative to the employees. I have followed this rule to some extent but as I got the negative feedbacks regarding this, it can be considered that there are some problems in this area. I have to follow the core concept of the leadership style I am following as the manager of the restaurant. The theory of transformational leadership style is also stating that the leader should take necessary steps for align all the followers to the goal for getting the maximum performance (Roueche et al. 2014). In order to align all the employees to the workplace activities of the restaurant, I need to work with them with more dedication and patience. The behaviour of the leader is an important aspect of the overall success of an organization (Garca-Morales et al. 2012). In order to fix the problem regarding the behavior towards the employees, I need to increase my patience level. I can do meditation for this pu rpose. The transformational leadership style is also stating that the followers need to be allowed to take part in some organizational activities and decision making process for being more aligned with the workplaces activities. The employees should be motivated to the level at which they may be able to think beyond of their self-interests to the corporate objectives of the organization (Braun et al. 2013). The persuasive appeals of the employees should also be taken into consideration based on the causes at the time of decision-making. I am responsible person for this in the workplace I am currently working. This can be accomplished by arranging periodic meetings with the employees and allowing them to represent their viewpoints regarding the current approaches taken by the management (Leithwood and Sun 2012). I should evaluate the problems faced by the employees with the current approaches and then proper actions should be taken for resolving the issues (Carter et al. 2013). At the time o f taking decisions, the overall benefits of all the employees should be taken into consideration. In the context of the transformational leadership style, maintaining the morals and ethical considerations is highly important. In this context, I need to provide equal opportunities to all the employees. I also need to focus in the area of the quality of the food products. The health consciousness of the customers should be taken into consideration while processing the foods (Grant 2012). The employees should get all the required facilities for maintaining the health and security at the workplaces. Conclusion: In this report the self reflection about my work as a manager of restaurant have been discussed. As a manager of the restaurant I am working quite successfully. I am responsible person for recruiting new people, provide them proper training, improving the overall process of the restaurant, menu planning, motivating the employees. As the leadership style I am using the transformational leadership in my workplace. I have tried to maintain all the aspects of the leadership style. However, all my works were not able to have the same level of success. I have got some negative feedbacks regarding my works also. I used the feedbacks form one of muy co-worker for understanding the overall aspect of leadership in my workplace. The negative feedbacks given by him are valid enough to affect my leadership and overall status of the restaurant. I need to improve the concerned area. The theory of transformational leadership is evaluated again in the last section of the report for understanding the necessary steps for resolving the issues of my leadership style. References: Avolio, B.J. and Yammarino, F.J. eds., 2013. Transformational and charismatic leadership: The road ahead. Emerald Group Publishing. Braun, S., Peus, C., Weisweiler, S. and Frey, D., 2013. Transformational leadership, job satisfaction, and team performance: A multilevel mediation model of trust. The Leadership Quarterly, 24(1), pp.270-283. Carter, M.Z., Armenakis, A.A., Feild, H.S. and Mossholder, K.W., 2013. Transformational leadership, relationship quality, and employee performance during continuous incremental organizational change. Journal of Organizational Behavior, 34(7), pp.942-958. Choudhary, A.I., Akhtar, S.A. and Zaheer, A., 2013. Impact of transformational and servant leadership on organizational performance: A comparative analysis. Journal of Business Ethics, 116(2), pp.433-440. Garca-Morales, V.J., Jimnez-Barrionuevo, M.M. and Gutirrez-Gutirrez, L., 2012. Transformational leadership influence on organizational performance through organizational learning and innovation. Journal of Business Research, 65(7), pp.1040-1050. Grant, A.M., 2012. Leading with meaning: Beneficiary contact, prosocial impact, and the performance effects of transformational leadership. Academy of Management Journal, 55(2), pp.458-476. Leithwood, K. and Sun, J., 2012. The nature and effects of Transformational school leadership a meta-analytic review of unpublished research. Educational Administration Quarterly, 48(3), pp.387-423. Roueche, P.E., Baker III, G.A. and Rose, R.R., 2014. Shared vision: Transformational leadership in American community colleges. Rowman Littlefield. Van Dierendonck, D., Stam, D., Boersma, P., De Windt, N. and Alkema, J., 2014. Same difference? Exploring the differential mechanisms linking servant leadership and transformational leadership to follower outcomes. The Leadership Quarterly, 25(3), pp.544-562. Wright, B.E., Moynihan, D.P. and Pandey, S.K., 2012. Pulling the levers: Transformational leadership, public service motivation, and mission valence. Public Administration Review, 72(2), pp.206-215.

Tuesday, December 3, 2019

Maine free essay sample

All I remembered about the house was it smelled funny. It wasnt a good sort offunny, like grandmas perfume or a musty basement, but a different sort. I wasstill undecided whether I liked the pungent smell of mothballs, fish and mustysalt spray that filled my grandparents summer home on the Maine coast. Butnearly 13 years after my last visit, this smell was all I remembered. Iwould be the fourth generation to share this home; it was built by mygreat-grandparents, lived in by my grandmother and frequented by my father andhis brothers. To the Braun family, it represented an eternal bond; to be a trueBraun, you had to love the seashore, this house and the funny smell containedinside. But to me, the house meant little more than a faint memory of afive-year-old girl attending her uncles wedding. I must admit I put up abit of a fight when I heard this smelly house, of all places, would be where Iwould spend a good part of my summer. We will write a custom essay sample on Maine or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page There I had no Internet access, noStarbucks and, most importantly, no one but my family to keep me company. Isimply did not understand its allure. It seemed remote, desolate and boring. Butupon returning, my feelings toward the place changed. As we opened thefront door, I was surprised to be met with the same smell as 13 years before. Itvaguely reminded me of my uncles wedding and my aunt braiding my hair too tight.I soon realized this smell meant much more to my father. This smell was whatgreeted him decades ago when he went to visit his grandparents for the summer andwelcomed him home after swimming in the ice cold ocean. This smell reminded himof his grandparents, a bit eccentric, but always kind and caring. It was thesmell of childhood fun and what he and his brothers breathed during the mostenjoyable summers of their lives. This smell was familiar to generationsof Brauns that had come before me, a strange sort of timeless link between thepast and present. This smell meant nothing to me but meant everything to myfather. So entering this house, with its funny smell, I understood just why thisplace is so special.