Sunday, January 26, 2020

The Issues At Daimler Benz Ag Management Essay

The Issues At Daimler Benz Ag Management Essay Daimler AG is one of the worlds automotive companies. It distributes into Mercedes Benz Cars, Daimler Trucks, Mercedes Benz Vans, Daimler Buses and Daimler Financial Services. The Daimler Group is one of the biggest producer of premium cars and the worlds biggest manufacturer of commercial vehicles with a global reach. (Daimler, 2011) Daimlers corporate goal is to achieve stainable profitable growth and to increase the value of the company. Daimler aims to be the worlds leading automotive companies, intend to inspire customer with the brands, products and services and strive to occupy the leading for sustainable drive systems. (Daimler, 2011) Figure 1 is shown the Daimler Target System. 1.2 History Daimler AG has 125 years history. Gottlieb Daimler and Carl Benz were the pioneers of the automobile manufacture in the 19th century. After the First World War, there was a world economic crisis. The war caused a great depression for the world economy. It was a great challenge for Daimler-Benz. In 1937, Daimler-Benz AG started to produce armament items and aircraft engines. It was necessary to do reconstruction after the war damage in 1945. In 1949 to 1960, Daimler-Benz AG succeeded in regaining the position in the automobile industry. In 1960s and 1970s, Daimler-Benz defended an outstanding position in international motor vehicle markets. In the end of 1970s, Daimler-Benz assessed cautiously with the oil crisis and new Asian competitors. Since 1995, new strategic realignment concentrated on transport and services. The global economic crisis affected Daimler-Benz deeply in the end of 2008. (Daimler, 2011) 2. Issue Identified The issue is the merger between Daimler-Benz AG and the American automobile manufacturer Chrysler Corporation, but the near decade merger was finished by DaimlerChrysler AG sold 80.1% stake in 2007. 2.1 The Reason of choosing this issue Since Daimler and Chrysler located in different countries that are Germany and United States respectively. Both of them have their own culture. It is cross-culture. Through the merger between Daimler and Chrysler, I find out that the culture is one of the factor should be considered when two companies come from different countries. 2.2 Brief description of the issue In 1998, there was merger between Daimler-Benz AG of Germany and Chrysler Corporation of the United States (BBC News, 1998). On 6 May 1998, the merger agreement between Daimler-Benz AG and Chrysler Corporation was signed in London. On 7 May, they announced the merger to the worldwide and the new company called DaimlerChrysler AG. (Sheltom, Hall and Darling, 2003) DaimlerChrysler became the worlds fifth largest car make after merger. Mr Schrempp described the merger as a marriage made in heaven. Also, the new combined management had promised that there will be no plant-closures or lay-offs after merger. (BBC News, 1998) In 2002, DaimlerChrysler implemented a restructuring program that aims to bring it struggling Chrysler division back into the black by 2003. (BBC News, 2002) In 2006, DaimlerChrysler ordered to pay former Daimler-Benz shareholders about 232m euros to settle a dispute over its 1998 creation. This was not the first time that DaimlerChrysler had been sued over its establishment. (BBC News, 2006) Also, in 2006, the company brought unwelcome information to investors by revealing that Chrysler was losing money. This year, Chrysler set to clock up $1bn losses (BBC News, 2006) In 2007, there was deeply concerned about its poor performance, and the shareholders were pressuring the company to sell it. (BBC News, 2007a) In 2007, the German-US firm paid 5.5bn euros to buy 80.1%, much less than the $36bn paid for Chryslers 1998 merger with Daimler-Benz. (BBC News, 2007b) In 1998, Daimler Chairman Juergen Schrempp promised a merger of equals. But it wasnt long before Chrysler executives complained the bullheaded Germans would not listen to the Americans. The relationship began to fall quickly. Schrempp said that if he had been honest with the Americans about German dominance before the merger, they never would have made a deal. (abc News, 2010) Culture differences were blamed for the failure of DaimlerChrysler. This is like citing irreconcilable differences. DaimlerChryslers incapability to combine the company cultures was one of the reasons of failure. (Mann, 2007) 3. Analysis of situation 3.1 The Reason of using this model I will use Hofstedes culture different model to analyze this issue. It is because Hofstedes culture different model can have a comparison between these two countries. Also, Hofstede collected over 116,000 people in 50 countrys research (Deresky, 2003) about organizational behavior. This data makes the model more believable. Also, Hofstede used constructed scaled indices to rank each of the nation within the dimension based on cultural differences (Signorini, Wiesemes and Murphy, 2009) 3.2 Hofstedes culture different model Hofstedes culture different model is a framework that understand how basic values underlie organizational behavior. Hofstede proposed four value dimensions, they are power distance, uncertainty avoidance, individualism and masculinity (Deresky, 2003). First, the value dimensions is power distance, it is the level of acceptance by a society of the unequal distribution of power in organizations. High power distance that employees accept the bosss authority is larger than themselves in the hierarchy and they seldom bypass the chain of command. The example of high power distance is Philippines. On the other hand, low power distance is that boss and employees are having equal power, and the relationship between boss and employees are more harmony and cooperation, such as Austria. (Deresky, 2003) For the second dimension, it is uncertainty avoidance that refers to the extent to which people feel threatened by ambiguity in the social. High level of uncertainty avoidance causes that people tend to have strict laws and procedures, also have a strong sense of nationalism. In business side, the formal rules and procedures were designed to provide more security and greater career stability. Japan is the example of high level of uncertainty avoidance. However, low level of uncertainty avoidance causes that the nationalism is less decided and protests is allowed, and then the company is less structured and less formal. United States is one of the low level of uncertainty avoidance. (Deresky, 2003) The third value dimension is individualism. It refers to the tendency of people to look after themselves and their family and to ignore the need of society. Individualism is that achievement and democracy are highly valued. The relationship is independence between individual and organizations, the instance of individualism is United States. Collectivism that there is a strong belief in group decisions, believe the group more than the individual. Japan is the one of countries of collectivism. (Deresky, 2003) Fourth, masculinity is the degree of masculine values that assertiveness, materialism and lack of concern for other. Masculine culture considers cooperation more than individualistic. High masculine societies that one finds great job stress and organizational interests generally intrude on employees private lives. The example of highly masculine societies is Japan. On the other hand, counties with low masculinity that cause less conflict and job stress and reduce the need for assertiveness, such as Switzerland. (Deresky, 2003) The fifth dimension is the short-term orientation and long-term orientation, it is Hofstede added later. Long-term orientation is fostering virtues about future rewards. Short-term orientation is fostering virtues about the past and present. (Signorini, et al 2009) 3.3 Analysis of the issue Power distance In term of power distance, larger power distance countries are having more privileges for high level status, small power distance countries are preferred egalitarian (Signorini et al., 2009). According to Figure 2, the power distances score of Germany and United States is 35 and 40 respectively. Their result based on Hofstedes analysis is nearly, the level of accept unequal distribution of power in organization is low (Schneider and Barsoux, 2003). About Daimler organization, they embraced formality and hierarchy that mean the subordinates prefer to listen superior. Also, the employee in Daimler needed to follow the hierarchy such as decision making process. Employee needs to follow the formal channel, it shown the manager relies on formal rule. (Badrtalei and Bates, 2007) Daimler-Benz had a more traditional way in management style, they used top-down management style (Anonymous, 2004). German managers preferred autocratic style in leadership style. German employees are obedient to m anagers and follow them unquestioningly expect give the employee specific order, that mean employee had high dependence. (Sheltom et al., 2003) Based on the above information, Daimler belongs the high power distance and became the tall organization pyramids. About Chrysler, they were ignored barriers and promoted cross-functional teams that favored free-form discussions and casual repartee that the subordinates wanted to be discussed to superior. Also, the executives allowed mid-level manager to go forward their own opinion. (Badrtalei et al., 2007) In term of management style, Chrysler had a reputation for having more freewheeling, open culture (Anonymous, 2004). Regard to the leadership, their employees expect to be treated accordingly that mean the employees enjoy the equal right. In organization, employees can challenge their manager that employees needed for low dependence. (Shelton et al., 2003) The organization pyramids of Chrysler are flatter than Daimler. Uncertainty avoidance Based on Figure 2, the score of Germany is 65 and United States is 46. It shown that German was unhappiness with ambiguous situations and people wanted more direction and less change and the ambiguous situation may develop anxiety or stress. Because little direction and considerable uncertainty would made work less effectively in the company, they wrote some rules to cover the situation. On the other hand, United States was more willing to take risk and much less resistant to change. (Brooks, 2003) In Daimler Organization, there was suit-and-tie dress code and the employees should respect their titles and proper names. About decision making process, Daimler set up the formal channel and followed the hierarchy and complex decision-making processes. (Badrtalei et al., 2007) Germans analyzed a problem need to use great detail, find a solution, then discussed with the partners to make a decision (Dorothee, 1999). It shown that Daimler needs laws and rules when manages the organization. Chryslers employees favored open collars and they could bring out their ideas freely (Badrtalei et al., 2007). It shown they were less need for rule. Based on the score of uncertainty avoidance, United States is lower than Germany. The result fitted in the Daimler and Chrysler, because Daimler management preferred more to follow the rule and formal. Conversely, Chrysler was more casual management style that less stress and relax. When American discussed the problem, they created the solution during the discussion, not follow the information. (Dorothee, 1999) Individualism versus Collectivism In individualist nations, the individual is more independent in the group. In collectivist nations, the groups interest is more important that individuals interest. (Signorini et al., 2009) According to Figure 2, the result of Germany and United States is 67 and 91 respectively. United States is the highest score in the world. Hofstede found that American culture tend more individualistic and Asian cultures tend to be much more collective. (Brooks, 2003) Germans preferred a tightly knit social framework in which individuals look after one another and protect their members interests. Luthans (1998) said that Geramns are less individualistic than people in the USA. (Shelton et al., 2003) That reflected Germans perform best in in-groups. Also, Germans were more respectful of title, age and background connections, for example culture accords status based on gender, age or social connections. (Shelton et al., 2003) The executives of Daimler had larger staffs and fatter expense accounts (B adrtalei et al., 2007), the obligations of group were important than self. On the other hands, Chrysler is the American based company, so their culture was affected by American culture. USAs companies were tended to grant status based on achievement (Shelton et al., 2003), it reflected they hiring and promotion decisions based on skills. In Chrysler, officers had broader responsibilities and bigger salaries and bonuses (Badrtalei et al., 2007), their obligations of organization were low. Masculinity versus Femininity Based on Figure 2, the score of Germany and United States is 66 and 62 respectively. Masculinity countries that people strengthen assertiveness and competition and interest in material success. Femininity countries that people concern more with living environment and relationship. (Signorini et al., 2009) In the result of Hofstede, Germany and United Statess result was approach. In order to maintain the luxury image of Daimler, employees flew first-class during business travel. (Badrtalei et al., 2007) Daimler had a stress on competition. However, only top officers of Chrysler could fly first-class during the business travel (Badrtalei et al., 2007), it also was the performance of the masculinity. Because both of them preferred the masculinity in the result of Hofstede, their value of work, money and achievement were similarly. Long term orientation versus Short term orientation In term of long term orientation, there are differentiation between elder and younger sisters and brothers, in business that building of relationships and market position, people should live more equally. Short term orientation that all siblings are equal, in business that short-time results and the bottom line, economic and social life to be ordered by abilities etc. (Schneider and Barsoux, 2003) The result of long term orientation in Germany is 31, United States is 29 that shown in Figure 2. These two countries belonged to short term orientation based on Hofstede. Actually, Luthans (1998) remarked that Germans had a longer-time orientation. About workforce, Germany is more stable than United States. German employees preferred work for many years for the same company, they focused on building of relationships and a strong market position. (Shelton et al., 2003) Germans forced on full-year results of financial reporting system. (Badrtalei et al., 2007) On the other side, US employees were instable of the workforce and they rarely worked many years in the same company (Shelton et al., 2003), because they focus on short-term results. Also, the financial reporting system is on a quarterly basis (Badrtalei et al., 2007). 4. Conclusion Daimler AG is one of the worlds automotive companies and it has 125 years history. Gottlieb Daimler and Carl Benz was the founder of Daimler-Benz AG. In 1998, there was the merger between Daimler-Benz AG and Chrysler Corporation, these two companies located in Germany and United States respectively. And the cooperation of Daimler and Chrysler was merger of equals. At the beginning, their merger was viewed a strong alliance by international market. However, their relationship of merger maintained nine years. During the merger, DaimlerChrysler had cultural clashes, since the employees of DaimlerChrysler were came from Daimler and Chrysler respectively, they had some differences in work habits, communication style, planning and decisions, negotiation strategies and leadership. The cultural clashes of DaimlerChrysler can use Hofstedes cultural difference model to analyze. Hofstedes cultural difference model has five value dimensions to analyze the cultural difference. They are power distance dimension, the uncertainty avoidance dimension, individualist-collectivist dimension, masculinity-femininity dimension and long-term orientation short-term orientation dimension. According to Figure 2, the result of power distance dimension, masculinity-femininity and long-term orientation short-term orientation on Germany and United States is closely. Conversely, there was obviously difference on individualism-collectivist dimension and uncertainty avoidance dimension. In term of power distance dimension, Daimler executed hierarchy in the management style that subordinates must follow superior. On the other side, Chrysler was more freewheeling in management style, such as employee can challenge their manager. About uncertainty avoidance, Daimler was higher than Chrysler. Daimler was more traditional and need to use formal channel when making decision. Conversely, Chrysler preferred open collars, free-form discussions and casual repartee. (Badrtalei et al., 2007) Regard to individualism-collectivism, United States is the highest score in the world. Since Chrysler is the American based company, they were more force on themselves. To sum up, the Germans regarded the entrepreneurial spirit and innovative thinking, whereas the Americans valued the methodological engineering technical capabilities. (Darling, Seristo and Gabrielsson, 2005) 5. Recommendations Appendix Daimler Target System Figure 1 The result of Germany and United States Figure 2

Saturday, January 18, 2020

Smartphone Competition

Sizable market: Nowadays, more and more people tend to spend more time on telephone, from exhibit 1 we can see that each person almost spend 14 minutes on smart phones for playing games (Shane Richmond, 2012). What is more, 33% of people are playing games via smart phone and 25% people are playing games via handled devices (esa, 2012). These data indicates that more people prefer to play games on smart phones than other devices, and people are willing to spend more time on smart phones to play games.Especially, from the survey we can know that all respondents they hold smart phones, which means this market is extremely sizable based on the large users. What is more, Phantom Company is small company, which means that they do not have enough funds to create games on diverse devices, and they do not have sufficient resources and experts to create games on diverse devices. Therefore, smartphones can be the proper platform for Phantom Company to create games. Opportunistic market: Further more, if the company can focus on creating games on smart phones in Canada, the market size will be attractive.That’s because there are 10. 5 million smart phone users in Canada, the number of users may increase to 16. 4 million by 2016 (Innovation Report 2012 Trend Watch, 2012), and 60% of smart phone adults users prefer using cell phones to play games, which means that all of these user can be the potential target customers for Phantom Company. Especially, all of them are adults, they have purchasing power for the game apps, if the company can attract these people, and they can have lucrative market in the smart phone game industry. Profitable market:Based on the survey we can see that most respondents are willing to pay more money on quality games, especially most of them has purchasing power, therefore, as long as the games are attractive for these people, this smart phone market can be profitable. Competition: The smart phone game market is good news for customers, becau se it creats convenience, flexibility, and more entertainments for life. However, the fierce competition will put pressures on companies. Firstly, which brand Phantom should launch their phones. There are divers brands of phones in the arket, these brands possess diverse kinds of games on their phones, for example, Samsung Electronics, LG Electronics, HTC, Apple, Motorola, and RIM. The highest market share smartphone is Samsung, which is 26. 0%, and LG’s is 17. 7%, Apple occupy 17. 5%, Motorola is 10. 9% and HTC is 6. 2%( Eric Abent, 2012). This fact shows that Phantom should choose carefully for which brand to launch their games in order to game more people to play and have profitable market in the future. Secondly, the video game competition in Canada is fierce. There are currently 348 video game companies operating in Canada.The average Canadian Video Game Company employs 45 people, and there are more game companies in Ontario than other provinces, which mean that all of t hese companies are Phantoms’ direct competitors (Matt Hartley, 2011). Especially, there are lots of famous companies in Montreal, which means it will be tough for Phantom to compete with these mature video companies based on its scarcity of expert resources and innovation capabilities, and brand recognitions. Competitions during the industry: There are diverse competitors in the video game industry in Canada.There are three famous video game companies, where were listed top 10 video game companies in 2012. These companies are Toronto’s XMG Studio, Montreal’s Gamerizon, and Toronto’s Capybara Games (Knowlton Thomas, 2012). These companies are well-known companies that lead to high reliability and loyalty in the market. What is more, famous and big companies posse sufficient expert sources and innovation capabilities, which are the key successful factors for the video game companies. Especially, these companies have sophisticated experiences on developing m obile games in the past.Subsequently, these company posse diverse advantages, which Phantom needs and lacks. In addition, more and small companies are established these days in Canada, they are also competing with Phantom now. They may have similar capabilities with Phantom, or they may have more funds than Phantom to develop more innovative games than Phantom. These companies also threaten to Phantom’s future. Appendixes: Exhibit 1: Source: Shane Richmond, 2012 http://www. telegraph. co. uk/technology/mobile-phones/9365085/Smartphones-hardly-used-for-calls. html References Shane Richmond, June 29, 2012.Smartphones hardly used for calls. Retrieve on November 8, 2012 from: http://www. telegraph. co. uk/technology/mobile-phones/9365085/Smartphones-hardly-used-for-calls. html esa, 2012. Game player data. Retrieve on November 8, 2012 from: http://www. theesa. com/facts/gameplayer. asp Innovation Report 2012 Trend Watch, August 2012. Retrieve on November 18, 2012 from: http://www. newmediatrendwatch. com/markets-by-country/11-long-haul/45-canada? start=2 Eric Abent, November 2012. Comscore deliver mobile market share report for September 2012. Retrieve on November 8, 2012 from: http://androidcommunity. om/comscore-delivers-mobile-market-share-report-for-september-2012-20121102/ Matt Hartley, May, 2011. Canada’s gaming industry is kicking  butt. Retrieve on November 18, 2012 from: http://business. financialpost. com/2011/05/30/canadas-home-grown-video-game-industry-shines-on-international-stage/ Knowlton Thomas, March 30, 2012. Three Canadian Companies Named in Worldwide List of Top 10 Mobile Game Developers to Watch in 2012. Retrieve on November 18, 2012 from: http://www. techvibes. com/blog/three-canadian-companies-named-in-worldwide-list-of-top-10-mobile-game-developers-to-watch-in-2012-2012-03-01

Thursday, January 9, 2020

Do You Feel Happy Or Sad - 764 Words

Do you feel happy or sad? Do you feel enthusiastic or unmotivated? It s time to pay attention to your feelings because they have a huge influence over your life. Some people think that having negative feelings is beneficial to life, or even a required part of life, but that isn t true. Negativity doesn t help you have a better life and it doesn t have to be a constant in your life. If you re not feeling so hot, then some things are going to have to change. Why? Let s talk about how the way you feel directly affects everything in your life. Physical And Mental Health When you feel negative, various hormones in your body can go out of whack. When that happens, your immune system can suffer, your stress levels can go up, and your overall physical health can become poor. Headaches, fatigue, illness, and pain are just a few of the symptoms of feeling negative all the time. The longer you stay in a state of negativity, the more damage you do to your body. Chronic stress affects every inch of your body, right down to the DNA strands that make up who you are. You age faster, you get sick more, and chronic illness is more likely to appear in your life. Your mental health can also start to suffer. Cognitive issues, such as forgetfulness, confusion, poor memory, and indecisiveness can appear. And your brain can start to age before its time. Happiness When you are feeling down, it is impossible to feel happy. You can t feel one and the other at the same time. You canShow MoreRelatedThe Is Not A Good Thing1343 Words   |  6 Pagesmake us happy or not. This is where we underestimate the power of going through something sad or difficult. Although nobody searches for sadness, it is vital that we experience some sort of pain in our lives to balance the happy times, since there are risks of pursuing extreme happiness. Sometimes we can have too much happiness, experience happiness at the wrong time, become sad when we are looking for happiness, or even seek the wrong kind of happiness. While you may argue that feeling sad is notRead MoreMy Reflection Of Happiness In Life1381 Words   |  6 PagesIn my perspective Happiness is a positive emotion and feeling you may have but at times I ask myself â€Å"why isnt emotion included in the five senses?†. Happiness is a main item people need in order to be stable, happy, and to have a good life. The main question that many people ask themselves is â€Å"how can we chase or pursue happiness in life?† Happiness isnt something that comes falling down from the sky, or that we see lying around on the ground†¦ Its something we earn with hard work and dedicationRead MoreEmotions From Inside Out : Movie Analysis944 Words   |  4 Pagesor how aren’t they? How do the emotions discussed in the film fit into my own life? The movie, â€Å"Inside Out,† uses five of the six basic emotions listed in our textbook. (Feist, 2015, p. 419) The emotions are portrayed as characters, Joy (happiness), Sadness, Fear, Disgust and Anger. The movie left out surprise as one of the emotions Riley, the girl in which the emotions live in, experiences. Before a life changing moment in Riley’s life, all her core memories are happy memories. When the familyRead MoreIs It A Lifestyle, Choosing For Make A Positive Change? Essay1051 Words   |  5 PagesShare this article on Delicious Share this article on Digg Share this article on Reddit 1 Share this article on Pinterest Expert Author Awnish Todi Happiness does not depend on what you have or who you are. It solely relies on what you think! - Gautama Buddha Everyone wants to be happy. Nobody ever wants to be sad or upset or unhappy. However, despite knowing what we want, many a times happiness manages to escape us. We manage to get almost everything we desire. But this happiness remains elusiveRead MoreThe World Of The 21st Century And The Current State Of Humanity1039 Words   |  5 Pageswhat distinguishes us from other creatures? Humans have many virtues that other creatures do not. Those are such like Creativity, Consciousness Personality, Abstract Thinking, moral Judgments, and Sociality. Other than Biological factors such as an up-right posture, humans and animals are totally different. It is because humans are created in the way that they are given the free will of choice; a choice to do whatever they want/need to. This resulted to a new dimension of behavior that is seen inRead More Interview Essay - Emelie Konold1046 Words   |  5 Pagesyears. She says, When you are young, you do not think about happiness, because you are born with a certain temperament. You are always happy because it is acquired. Emelie knows that she is happy when she experiences no depression. She said, Happiness is a feeling inside where you dont mope. You are active, and pleasant to people. When asked who or what she turns to when she is unhappy she answered, When I am down I get busy. I do not turn to anybody because I do not want to put it on themRead MoreRelationship Between Barbie Dolls And The Development Identity And Self Concept1464 Words   |  6 Pageswill be approved by the school district and written parental consent will be obtained for each participating girl. Verbal consent will be obtained from each girl prior to each session where they will be told they can leave at any time if they wish to do so. Sampling Technique Probability sampling was chosen to generalize the results of the study to the population and investigate the relationships between Barbie dolls and the development in racial identity and self-concept. A qualified sample was utilizedRead MoreRomeo And Juliet : True Love1578 Words   |  7 Pagescan’t be together but they can decide to be together without there parents knowing that they feel in love and that they are planning to get married without their parents permission because their love is more important than what their families think about the difference and think about what is right and what is not right. The definition of love is an intense feeling of deep affection. Romeo and Juliet feel in love at the Capulet Ballroom when Juliet had to go meet Paris but she saw Romeo and at thatRead MoreThe Pig Who Sang At The Moon By Jeffery Mason1080 Words   |  5 Pagesdon t acknowledge all farmed animals as the way we acknowledge dogs and cats.Masson wants readers to think about the emotions and qualities of farmed animals. He persuades the readers to become vegetarian so farmed animals can live a peaceful and happy life.Masson wants people to stop exploring farm animals in many forms . That is one of the reason i assume why he wrote this essay..Animals needs are ignored and they get treated awfully.He explains that billions of animals that are farmed and slaughteredRead MoreArticle Analysis and Research on Marriage Essay765 Words   |  4 Pagesdataset. The researchers who studying this dataset I will be using gathered the dataset through surveys of questionnaires. The two variables used in this paper will be â€Å"What is your marital status? Would you say†¦Ã¢â‚¬  and â€Å"During the past 30 days, how often did you feel so sad that nothing could cheer you up?† I picked these two variable because as a sociology major, I am very interested in how society as a whole works, living in a society where marriage is encouraged and staying single is looked-down upon

Wednesday, January 1, 2020

The Importance Of Integrity For A Business Means Being A...

Entrepreneurial Opportunities One of the defining characteristics of an entrepreneur is integrity. Integrity plays into how others perceive you. Companies or individuals that display organic integrity attract respect and consumer loyalty (Forbat, pg 23, 2007). Integrity for a business means being a good corporate citizen. A company with good corporate citizenship has a strong set of ethics and is socially conscious. Corporate citizenship needs to be ingrained in modern craft breweries at their inception so their actions seem meaningful and organic as consumers tend to be suspicious of corporate agendas. Because more and more consumers are expecting high levels of integrity, corporate citizenship presents itself as a great entrepreneurial opportunity within the craft beer market. Being socially conscious does not necessarily translate to better sales but it is definitely in the company’s best interest to keep an ethically sound public appearance. Consumers are quick to abandon socially corrupt companies and are hard to win back once the company’s reputation is soiled. Mitigating bad public perception can be done by ensuring company ethics and social responsibility are met. This does consume resources and is considered a cost to the company but it is becoming increasingly necessary due to the wide spread access of information consumers have readily available. It is possible that if marketed heavily to ensure consumers are aware of a company’s good deeds that being a goodShow MoreRelatedA Life Cycle Analysis Of Mattel, Inc.1548 Words   |  7 PagesIntroduction The purpose of this paper is to discuss how the virtues Loyalty, Integrity and Fairness applies to the Mattel, Inc. case study. This case study was analyzed in the article â€Å"Mattel, Inc.: Global manufacturing principles (GMP) - A life-cycle analysis of a company-based code of conduct in the toy industry† written by Sethi, Veral, Shapiro, Emelianova, 2011). The Mattel corporation is a titan in the toy industry with significance influence regarding the industry standards of conduct.Read MoreBenefits of the Corporate Shareholder Veil of Personal Liability Protection1299 Words   |  5 PagesBenefits of the Corporate Shareholder Veil of Personal Liability There are many benefits to shareholders, and by implication to society, as a result of the existence of the corporate veil of personal liability protection. These range from limiting the financial responsibility of a corporate entity to establishing the basis for Americas cultural traditions of a right to privacy. Both of these elements give credence to the idea that if a person acts in good faith to conduct business in a way thatRead MoreCorporate Governance Of Indi Issues And Challenges Essay2249 Words   |  9 PagesCorporate Governance in India: Issues and Challenges AMRIT LAL JINGER Research Scholar Dept. of Hindi Dakshina Bharat Hindi Prachar Sabha, Madras Uchcha Shiksha Aur Shodh Sansthan Contact- +919460170747 Email- amritjinger@gmail.com Abstract To gain competitive advantage, performances of the employees are to be increased. While recent high-profile corporate governance failures in developed countries have brought the subject to media attention, the issue has always been central to finance andRead MoreThe Concept Of Corporate Social Responsibility Essay1696 Words   |  7 PagesThe Concept of Corporate Social Responsibility According to Pearce Robinson (2014), corporate social responsibility (CSR) is â€Å"the idea that business has a duty to serve society in general as well as the financial interests of stockholders.†(P.56) The concept of corporate social responsibility of the business operation must comply with sustainable development idea; the company should not only consider its own financial and operating conditions, but also think of its impacts on the social and environmentRead MoreBoard Diversity As An Effective Corporate Governance1551 Words   |  7 PagesBoard Diversity as an Effective Corporate Governance Tool in a Developing Economy: Challenges and Prospects. NAME: BASSEY EDIDIONG OFFIONG The thesis will examine the effect of board diversity as a critical factor for ensuring effective corporate governance among public companies across the globe. The motivation for the research came on the backdrop of the approval of the European Commission proposal by the European Parliament to improve the gender balance in company boards last year which callsRead MoreCapital Market And Objectives Of Corporate Governance Essay2587 Words   |  11 Pagescapital in the public markets and objectives Corporate Governance is defined as a set of systems, processes and governing principles that guarantee that a company is in the best interest of all stakeholders. The system by which companies at casual children and also to promote a controlled and corporate equity, Transparency and Accountability. As an alternative to the good corporate governance is simply a good business. It will ultimately make that: ï‚ § Appropriate for divulgaciones decisions andRead MoreCorporate Citizenship Of A Global Economy1803 Words   |  8 Pages1. What is meant by corporate citizenship in a global economy? Corporate citizenship in a global economy involves a company s commitment to being global corporate citizens is about the way they run their businesses. The greatest contribution is to do business in a manner that obeys the law, produces safe and cost effective products and services, creates jobs and wealth, supports training, and technology, cooperation, and reflects international standards and values in areas such as the environmentRead MoreApple s Mission Statements : Apple Essay1158 Words   |  5 Pagescomputing experience to students, educators, creative professionals and consumers around the world through its innovative hardware, software and​ Internet offerings. -Apple has never published a â€Å"mission statement† Quotes from Tim Cook about their â€Å"Business Philosophy We believe that we’re on the face of the Earth to make great products. We believe in the simple, not the complex. We believe that we need to own and control the primary technologies behind the products we make. We participate only in marketsRead MoreCode of Ethics ( Automobile Industry )5791 Words   |  24 PagesSubject: Business Ethics Project: ONZAA Automobiles Dated: 20/04/2012 Submitted To: Sir Assad Submitted By: Muhammad Naeem ( 068 ) Muhammad Adeel Kahlid ( 021 ) Adil Farooq ( 039 ) Umar Sadiq ( 041 ) Read MoreMNC Incorporation of Corporate Social Responsibility for Strategic Planning2117 Words   |  9 Pagesdemanding challenges when it comes to managing their corporate social responsibilities†. Critically discuss this statement using real business to support your arguments Boatright (2006) contend that corporate social responsibility denotes the responsibility recognized by a company for acting in socially responsible manner. There is no single universally accepted definition of corporate social responsibility, it has generally come to mean business decision making linked to ethical values, legal compliance