Cash flow limits this small manufacturing plant’s access to new production methods. Offshore competition from Asia threatens this French company that continues to operate without any investment in new technologies that could reduce the manufacturing costs. With little access to investment capital, the company stands little chance for survival. Source: Adapted from http://www.tutor2u.net/blog/index.php/business-studies/comments/costs-cashflow-and-closure-the-last-french-beret-maker Bookmark on…
As China becomes more sophisticated in its business manufacturing processes and management of its international presence, the type and sophistication of products being produced is evolving. Moving toward more high-end profit producing activities as well as into niche markets is beginning to pay off. This video clip exposes the changes in the Chinese manufacturing landscape.…
Using your classroom teams in their online Wiki sites, have students conduct the following studies: Look at the short case on the Walmart, Mexico bribery accusation case this month. While there are many issues of interest in this case, it is a good example of ethical behavior choices seemingly gone awry. Take a look at…
Johnson & Johnson recently agreed to pay $21.4 million to the US Department of Justice and $7.9 million to the United Kingdom’s Serious Fraud Office for making improper payments and receiving illegal gains from its subsidiaries’ business practices in Greece, Poland and Iraq. Accused of violating anti-bribery laws, J & J was said to have…
Alan Boeckmann, Chairman and CEO of Fluor Corporation joins the World Economic Forum’s Partnering Against Corruption Initiative (PACI) and explains that “fighting corruption makes good business sense.” Incentives to join this fight include financial, legal, ethical and socio-economic reasons. In this brief video clip, Boeckmann explains that the financial costs of corruption alone increase prices…
In this brief interview with Jens Berthelsen, CEO Global Advice Network, issues of corruption in emerging countries are explored. Berthelsen states that until 2000, bribery was an accepted and tax deductible practice in all OECD countries. He states that corruption is the biggest business killer in emerging countries. The development of gray sector business in…
May ’11 – EC
Ethical business practices are not yet the norm, if the maelstrom of media attention is an accurate bellwether of trends. All levels of government from local to global are involved in some aspect of the discussion of anti-corruption compliance. A recent study by David Montgomery and Catherine Ramus in the Academy of Management Learning and…
Read more »