Ethics Article Review Essay Example for Free

Ethics Article Review Essay Ethics in accounting and financial decision-making has received increased attention due to large corporate scandals such as WorldCom and Enron in recent years. Legislation such as the Sarbanes-Oxley Act has attempted to make corporations more transparent to internal and external stakeholders. After analyzing the 2005 article by Richard Bernardi and Catherine LaCross, Corporate Transparency: Code of Ethics Disclosures, recommendations will be made to improve ethical foundations at the San Quentin State Prison based on the parameters outlined by Sarbanes-Oxley. In the Corporate Transparency article, the key point is made that along with changes in the accounting practices, disclosing a code of ethics to the public will ensure better internal compliance with ethical practices. Those organizations that did not publicly disclose codes of ethics were less likely to truly conform to ethical practices required in the Sarbanes-Oxley Act. The Sarbanes Oxley Act of 2002 was legislation enacted in response to large corporate scandals. The Act calls for public corporations to publicly disclose all financial statements, store all electronic records for five years and these rules are governed by the SEC (Spurzem, 2006). Sarbanes Oxley has impacted organizations in that accountants and financial decision makers are open to public scrutiny based on the public financial statement disclosures and IT departments must adequately create and maintain corporate archives that are cost effective and in compliance with legislation (Spurzem, 2006). Organizations have been impacted financially by having to add extra resources to maintain compliance and avoid fines. According to Bernardi and LaCross, â€Å". . . one example of a ‘best practice’ in transparency is a corporation making its code of ethics readily available for public scrutiny on its website (par 1). † Corporations increase legitimacy with openly stated code of ethics and websites are an economically feasible avenue for making a particular code available to the public. The article argues that organizations that go beyond the basic requirements of Sarbanes-Oxley and declare a universal code of ethics show that the organization is willing to ‘walk the talk’ of ethics. SEC chairman Donaldson is quoted as saying â€Å". . . going beyond mere adherence or conformity to new dictates and of Sarbanes-Oxley: responsibilities that rest at the very heart of their obligation to create a corporate culture of transparency and accountability (Bernardi, 2005, par 6). † Integrating ethics into a corporate culture is extremely effective in ensuring strong ethical compliance within organizations. At the San Quentin State Prison, ethics are important in many aspects of business including accounting, financial decisions, inmate treatment, medical care, and general work environment. There are many opportunities for unethical practices to take hold in a prison facility. Since the facility is closed off to the general public, self-monitoring is a crucial part of maintaining an ethical environment in all aspects of the prison business. San Quentin has the responsibility to use public tax dollars wisely and ethically as well as to maintain a corporate culture with high integrity. Based on the research findings by Bernardi and LaCross, the recommendation for a San Quentin State Prison public code of ethics will focus the entire prison cultural towards walking the ethical talk. All prison employees would be held individually responsible for maintaining the highest code of ethics across all job functions from accounting and financial decision-makers to medical employees. Ethics in business span larger than just accounting and financial-decision making. While these areas are extremely important, developing a code of ethics for all job functions in an organization is essential to maintaining an ethical corporate environment. At San Quentin Prison, an official code of ethics would guide the organization to best practices to ensure success. References http://searchcio.techtarget.com/sDefinition/0,,sid19_gci920030,00.html

Grapes of Wrath :: essays research papers

Migrant workers went through a lot of struggles. They went through life and death situations, prejudice, and one of the most important things of all they had to keep their family and people together and keep believing that they would make it to a better life. The things they go through while immigrating change their views on life forever. Some for the good some for the bad. â€Å"They said, these god dammed okies are dirty and ignorant. They’re degenerate, sexual maniacs. They’ll steal anything. They’ve got no sense of property rights† (Steinbeck 363). One of the hardest things that immigrants went through was prejudice. Cops and towns men where always after the okies because they where dirty and didn’t have a stable home. The immigrants from Mexico experienced the same hardships. The farm owners hated them. They just wanted them to do their job and leave. The farm owners didn’t care that they had a family to feed, they wanted to screw them over and pay them as less money as they could. It’s weird how the same prejudice is still around. No matter how nice a person is if they don’t dress the same or have the same interests they are disliked. â€Å"As usual there had been violent incidents on the picket line. A union member had been run over† (Del Castillo, Garcia 84). People everyday that went on strikes put their lives on the line. They knew there was a threat when they protested. It was a life and death situation. Fight for your rights, or keep working for the minimal amount and not be able to support your family. Every immigrant has tough choices to make. In the early days they had to make life and death choices. In both stories they have strikes to give the immigrants what they deserve. In the grapes of wrath as well as Cesar Chavez, somebody dies from a strike. â€Å"The heavy club crashed into the side of his head with a dull crunch of bone, and Casy fell sideways out of the light† (Steinbeck 495). Casy died because he protested against how much money people should earn. The men came after him and the rest of the protesters. They killed them in fear of having to raise the prices. Casy was tired of working for 2 cents an hour. He could live off that. The only choice he had was to protest.

Minor Assignment Marketing Mix Essay

Introduction This report has been compiled in order to describe the four most common elements of the marketing mix which are described by Elliot, Rundle-Thiele and Waller (2010 p.18-21) in the following few sentences. * Product – â€Å"A good, service or idea offered to the market for exchange.† (p.18) * Price – â€Å"The amount of money a business demands in exchange for its offerings.† (p.20) * Promotion – â€Å"The marketing activities that make potential customers, partners and society aware of and attracted to the business’s offerings.† (p.20) * Place (Distribution) – â€Å"The means of making the offering available to the customer at the right time and place† (p.21) In conjunction with these descriptions, all four marketing mix elements will be analysed and shown how they can be applied to retail petrol outlets and the products which are made available to customers. The Marketing Mix Elliot et. al describe the marketing mix as â€Å"the different elements that marketers need to consider.† (2010 p. 18) When using the marketing mix to market retail petrol outlets such as Caltex Woolworths or Coles Express, marketers need to consider the Product, Price, Promotion and Distribution (Place) of not only petrol, but many other consumer and specialty products which retail petrol outlets offer. Product It can be seen in retail petrol stations that other than the expected fuels like unleaded and diesel which are generally relatively low in terms of their profit margin, â€Å"some oil firms claim that supermarkets sell petrol at a loss in order to attract customers.† (The Economist, 1996 p.58) Other products are required in order to boost profits for the retail petrol chains’ owner. These other products are mostly the convenience type and can range from the daily newspaper and chewing gum, to a bottle of orange juice or a loaf of bread. There are three categories of convenience products outlined by Elliot et al. which are all found in retail petrol outlets and include staple products, impulse products and emergency products. (2010 p. 207) * Staple products – These are considered to be everyday grocery products like bread and milk, purchased regularly by consumers and therefore aren’t heavily promoted * Impulse products – These are considered to be only purchased when seen, like confectionary or magazines which are eye catching and are usually found around the cash register. * Emergency products – These are considered to be those products which are only purchased when really needed, like a raincoat or an umbrella. Although there are a lot of products sold by retail petrol outlets like Caltex Woolworths and Coles Express, the obvious product centred on all retail petrol outlets is the fuel supplied to consumers. The varieties of fuels which can be purchased can include: * E10 – 10% Ethanol. * E85 – 85% Ethanol. * E95 – 95% Ethanol. * Unleaded – Standard fuel. * Hi Octane – Offered for high performance vehicles. * LPG – Alternative to liquid fuel, a Gas product. * Diesel – More efficient lower sulphur producing by product. There is a vast selection of fuels for consumers to choose from and although the blends of fuels stay similar, the names and descriptions of these fuels tend to change from outlet to outlet. For example, when you drive into a Caltex Woolworths you are confronted with the choice of â€Å"Caltex Vortex 95 or 98,† both are hi octane blends offered to a prospective purchaser. (Woolworths fuels, Website.) Price When dealing with topic of pricing in retail petrol stores, the outcome of the price has to be both beneficial to the seller, and seen as a good deal to the buyer, otherwise no trades will take place. As stated previously, petrol itself tends to have a lower margin for profit which means the strategic pricing of other products in-store needs to be addressed as well as ensuring that the price of petrol is not seen as out of balance with other suppliers. There is an obvious demand for petrol, as almost everyone who is able, drives or rides a vehicle which requires fuel to run. So it could be argued that retail petrol stations don’t necessarily set their own prices, but go off supplier guidelines which base their fuel pricing strategy on demand, â€Å"Demand based pricing sets prices according to the level of aggregate or individual customer demand in the market.† (Elliott et al. 2010 p. 250) Elliott et al. also continue to write that both Caltex Woolworths and Coles Express hold more than 60% of the Australian fuel market share (2010 p.268) so high demand from their suppliers will enable them to lower their fuel prices and therefore gain more customers, earning higher profits. Pricing of other products offered by retail petrol outlets such as bread or milk tend to have the opportunity to be competitive and more fairly priced than a standard petrol station, the major grocery companies behind retail petrol outlets like Woolworths and Coles focus on gaining more ground off one and other, price drops are reflected in store and this also proves more profitable, because consumers are drawn into purchasing something they wouldn’t normally associate with their petrol. Promotion An important aspect in the success of retail petrol outlets is in their promotion, or the way in which their fuels and other products are portrayed to potential customers. There are many numbers of ways in which retail petrol outlets use promotional tools to make the public more aware of what their outlet has to offer. Using the Coles Express website for example, it can be seen that promotion plays a major role in the marketing of retail petrol outlets, on the homepage can be found five key promotional campaigns designed to catch the eye of potential customers. The opportunity to win â€Å"the ultimate weekend Ferrari drive experience† or â€Å"two Cadbury chocolate bars for four dollars† (Coles Express, website) are two examples of how Coles Express use promotion as a tool to gain the interest of potential customers. The use of shopper dockets and rewards cards are also a major way in which retail petrol outlets have promoted themselves, using incentives of cheaper fuel by spending amounts of money in store or purchasing earlier in their supermarkets and bringing the docket to the petrol station in order to gain the fuel discount. In the recent past, retail petrol outlets have encouraged shoppers to buy big in store in order to earn big discounts off fuel â€Å"motorists who spend more than $300 during one supermarket visit during the next three days receive a 40 cent per litre petrol discount. Shoppers who spend more than $200 or more receive a 25 cent a litre discount, while those who spend $100 or more get a 10 cent a litre discount.† (Cranston 2009) Woolworths have the â€Å"Everyday Rewards† program, and Coles have the â€Å"Fly buys† rewards program. Both these programs offer rewards point in exchange for purchases made in their outlets. Another way in which retail petrol outlets can promote their product is through sponsorship, Coles Express for example are sponsoring Daffodil day, a program not normally associated with fuel but this can help to grow an organisations image, by supporting such a worthy cause, Coles express may gain respect from the community and in turn boost their profits. Place (Distribution) The transportation and distribution of products including fuel to retail petrol outlets operates under the marketing mix category of â€Å"Place.† â€Å"The science (or art) of ensuring products are in the right place at the right time in the right quantity is known as logistics and the various partners that contribute to the process make up is called the supply chain.† (Elliot et al. 2010 p.21) Retail petrol outlets operate somewhat differently to conventional service stations, the retail petrol outlets are often situated near to a parent supermarket company (in the same complex) which makes supply of products other than fuel relatively easy as the distance for stock to travel is minimal. When looking at the fuel aspect, it can be seen that the logistics tend to become a lot more involved and a more defined supply chain emerges. * First fuel is sourced from their respective supplier (Caltex or Shell) on a relatively routine basis, as fuel is a required product for most of the community. * The fuel is then transported by truck from oil refineries which are based in more coastal areas (Caltex oil refinery in Kurnell NSW) which makes it easier to transfer oil from overseas oil barges when new shipments arrive. * When the trucks reach the retail petrol outlet the fuel is then pumped into underground holding tanks, where the fuel can now be distributed to the customer via the petrol pump and now exchange of fuels can be made for a profit. Conclusion This report was compiled in order to describe the four elements of the marketing mix: * Product * Price * Promotion * Place (distribution) The descriptions of these marketing mix elements were also shown in application; how they are applied when breaking down the four aspects in relation to retail petrol outlets. Focusing on the Caltex Woolworths and Coles Express partnerships it was able to be shown how the marketing mix elements are applied. Products have been broken down into specific fuels and other items which are available to potential customers, these products have also been categorised as either: Staple, Impulse or Emergency. Price has been shown to be of vital importance, and the outcome of the price has to be both beneficial to the seller, and seen as a good deal to the buyer. Promotion has also proven to be of high importance to the overall marketing of retail petrol outlets, the use of shopper dockets for discounts, and sponsorship for awareness and image are important promotional tools outlined above. Place (Distribution) outlines the logistics and supply chain which is in place for retail petrol outlets to gain their product in order to forward it onto the paying public to gain an overall profit. All four of these marketing mix elements play their own equally pivotal role in ensuring the successful operation of retail petrol outlets. References Coles Express website www.colesexpress.com.au Cranston, B. (2009) NSW: ACCC investigating supermarket petrol promotion. AAP Australian National News wire Elliott, G. Rundle-Thiele, S. & Waller, D. (2010) Marketing. Pump Action, The Economist. (1996) Vol. 338 Issue 7950, page 58 Woolworths petrol website www.woolworthspetrol.com.au

Samuel Huntingtons The Clash of Civilizations and the...

Abstract Samuel Huntingtons The Clash of Civilizations and the Remaking of World Order defines eight major civilizations on the basis of religion. This division of global powers can be used to prove that the Western civilization will never completely dominate the global media. While Western thought tends to lead to a more representative form of government, and consequently a more libertarian or social responsibility-based media, the other belief systems of the global powers tend to lead to more authoritarian government and media formats. This difference creates constant conflict between the global powers, thus disabling any one civilization from subjugating the others. Issue Paper In The Clash of Civilizations and the Remaking of†¦show more content†¦However, for the purposes of this paper, one must associate each religion with one or two countries to have some basis for analysis of the current events pertaining to each religion, and more importantly, the clash between that religion and Western thought. Therefore, Sinic/Confucian thought will be associated mostly with China, Hindu with India, Islam with the Middle Eastern and North African countries, Orthodox with countries of the former Soviet Union and Western with the United States and western European countries. The African continent will only be dealt with in the context of Islam, as traditional African religious are too variant and do not usually fit with one of the four theories of the press. The Western media is characterized by a Judeo-Christian belief system and a libertarian or social responsibility theory of the press. Typically it is expected that these two sets of ideas will keep their distance from one another, thereby providing as little influence upon each other as possible. This is not true with most of the other worlds civilizations/religions. In most other civilizations, the government and the media have close ties. This it at the root of the argument against the Wests ability to completely dominate a global media. While only 0.2% of the Asian population practices Confucianism, this figure constitutes 0.1% of the worlds population. Confucianism is most heavily concentrated in mainland China and Taiwan, with the largest non-ChineseShow MoreRelatedAnalysis Of Samuel Huntingtons Clash Of Civilizations And The Remaking Of The World Order1018 Words   |  5 PagesIn Clash of Civilizations and the Remaking of the World Order, Samuel Huntington states â€Å"The most important distinctions among peoples are no longer ideological, political, or economic. They are cultural†. This is his main argument throughout this book. New patterns of distinctions and conflict will occur along boundaries of different cultures. However, patterns of cohesion will be found within the cultural boundaries. Huntington analyzes the resurgence of post-cold war cultural identities. He doesRead MoreThe Clash of Civilizations: a Summary of Samuel Huntingtons Controversial Political Analysis and Its Critics2376 Words   |  10 PagesBishop The Clash of Civilizations: A Summary of Samuel Huntington’s controversial Political Analysis and its Critics â€Å"Culture and cultural identities, which at the broadest level are civilizational identities, are shaping patterns of cohesion, disintegration, and conflict in the post-Cold War World† - Samuel Huntington POLI 100 - F10N01! 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Huntington’s article takes a new perspective on the new world order and outlines a different way a thinking about how future world conflicts will unfoldRead MoreAnalysis Of Samuel Huntington s The Clash Of The Civilisations1258 Words   |  6 PagesSamuel Huntington, the author of the clash of the civilisat ions believes that the World will eventually divide in accordance with cultural lines, and not political lines. According to Huntington, â€Å"the thriving East Asian and Muslim societies will soon challenge Western dominance, and the United States being the World leader will need to reevaluate its policies on foreign invention and domestic immigration to remain a major player.† During the Cold War, the world was divided into the First, SecondRead MoreThe Cold War And The Fall Of The Soviet Union1991 Words   |  8 Pagesregarding what the new world order would began to arise. 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In the Huntington Essay, the main point/argument that he is trying to portray is that the biggest differences between people in the world are no longer ideological, political, or geographical, but are now cultural instead