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People are quick to say that it is not the business that did bad things but the people who run the corporation.

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W3 ethics la1

Business Ethics and the Individual
Overview:

People are quick to say that it is not the business that did bad things but the people who run the corporation.  This week’s thrust is the examination of ethics from the individual’s perspective in the workplace.  What ethical behaviors should the individual exhibit? And what behaviors should the individual expect from the business? Also discussed are several unique 21st century ethical issues facing the individual in the workplace.
Theme 1:  Knowing Your Own Values and Ethics
Read/View:

  • Do The Right Thing: Making Ethical Decisions in Everyday Life
  • What Are Your Values
  • Identifying Your Values (Priority Test)
  • Living Your Values (1)
  • Living Your Values (2)
  • 27 Psychological Reasons Why Good People Do Bad Things

Theme 2:  Unique Ethical Issues for the Individual
Below are several of the most common and contemporary ethical issues that employees face in the workplace.
Read/View:

  • Whistleblowing: Redefining Ethics
  • Snowden and the Ethics of Whistleblowing
  • Employee Behavior Standards in the Workplace
  • Should Companies Monitor Their Employees Social Media
  • Common Ethical Workplace Dilemmas
  • Moral Issues Facing Employees

Question
Activity #1: Making the Case
One of your readings for the week, “27 Psychological Reasons Good People Do Bad Things”, looks at a number of examples where arguably good people are faced with challenging ethical situations and take perhaps a less than ethical stance in reaction thereto. For this activity you are to select 3 of the examples and discuss whether you agree or disagree with the outcome or conclusion. In your discussion I want you to make the most compelling arguments you can to convince and persuade me that your point of view is the correct one. Is there anything in your value system that leads you to your point of view?

 

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Your coffee franchise cleared for business in all three countries (Saudi Arabia, Mexico, and China). You now have to develop your global franchise team and start construction of your restaurants

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Your coffee franchise cleared for business in all three countries (Saudi Arabia, Mexico, and China). You now have to develop your global franchise team and start construction of your restaurants. . You invite all of the players to the headquarters in the United States for a big meeting to explain the project and get to know one another since they represent the global division of your company. In preparation for the meeting, you want to avoid cultural silos, while ensuring all parties engage with each other and a generative climate is created.You are concerned with the following two issues. Substantively address each in a two part paper, applying Beyond the Book, MUSE, Intellipath and library resources to support your reasoningPart 1: Effective communication with participantsDiscuss the national cultural profiles of Saudi Arabia, Mexico, and China that are relevant in cross-cultural business communications. Refer back to Unit 2 Hofstede cultural dimensions, as well as the political, economic, legal, and ethical systems and other variables relevant to global business communication.  What are the implications of the cultural variables for your communication with the team representative from each country in the face to face meeting?  Address Hall’s high and low context regarding verbal and non-verbal communication. The United States is a low context culture, while each country is high context.  Tip: Write at least one substantive paragraph for each countryPart 2: Effective communication among participantsWhat are examples of barriers and biases in cross-cultural business communications that may impact the effectiveness of communication among the meeting participants?  Consider ethnocentrism, communication apprehension, and culture shock.  What are some of the issues you should be concerned about regarding verbal and nonverbal communication for this group to avoid misinterpretations and barriers to communication?  Identify 3-5 mistakes made during business negotiations that could inhibit the team from building strong relationships?  Consider and direct and indirect styles. Please submit your assignment.
 

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This is one of my favorite sections of the readings. As you read this, consider your own organization and how it tries to manage it's important targeted publics opinions.

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Question 1: This is one of my favorite sections of the readings. As you read this, consider your own organization and how it tries to manage it’s important targeted publics opinions.
Question 2: Maintaining a strong presence and disposition with governmental bodies is an important function of public relations these days. Most great companies have a department called, “governmental relations”. Consider why that type of function would be important the corporation.
Question 3: Most companies dedicate some effort toward perpetuating and improving community relations. Consider why that is important for both the external publics and the internal publics.
Question 4: As we have been discussing throughout this class, public relations is just one component of an overall marketing campaign. Other parts of the marketing campaigns depend on public relations and public relations depends on them. Let’s discuss this.
Assignment 1:
Select an organization that has a known interest in social responsibility and/or sustainability.
Write a 1,050- to 1,400-word paper that addresses the following questions:
· Why did you select this organization?
· Why do you think this organization is socially responsible and/or interested in sustainability?
· How does the organization actively demonstrate these principles?
· What public relations efforts are in place to help promote organizational efforts toward social responsibility/sustainability?
Use specific examples from the organization’s websites, advertisements, or social media to illustrate your points.
Include two references with your paper.
Format your paper consistent with APA guidelines.
 

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Pro Forma Budget – 24 Hour Multicultural Family Restaurant Analyzing the Capital and Cash Needed

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BUSI4046
Pro Forma Budget – 24 Hour Multicultural Family Restaurant

Analyzing the Capital and Cash Needed

Before any new venturesis to begin finding investors or lenders to help them get the company started, a proper analysis of how much capital and cash with a list of the expenses is needed in order to fully explain to the investors/lenders what the money is needed for, what it will be used on specifically and when they should expect to see some returns on their investments/loans. As with any new venture, I will have to do the same in order to know exactly how much money I would need to get by business started. Below is a list of expenses with prices that I am expecting to need in order to have my company fully open and ready for business.

List of Expenses:

· Building construction (including heat and air conditioning and ventilation installation)  = $200,000 – $250,000
· Utilities/month = $2,000 – $2,500 = $24,000 – $30,000/year
· Machinery/Equipment = $150,000 – $200,000
· Furniture (Tables, chairs, reception, etc) = $20,000
· Tableware (silverware, dishes, etc) = $10,000
· Licenses and permits = $7,000
· Insurance = $8,000
· Point-of-sales system (including cash registers, computers, etc) = $8,000
· Food and drinks delivery = $15,000
· Marketing (including menus, flyers, advertising, business cards, etc) = $3,000
· Staff (uniforms, wages, training, etc) = $30,000 – Initial starting costs
Total approximate startup cost range = $475,000 – $550,000
This is the average price that most other restaurants that have built their own building have paid in the past, this means that all my pricing and the list of expenses I made seems to be on the right track according to other restaurant owners. Also another thing to consider, all the prices that were input in the list above are all high-end approximations which means there is room for changes or unexpected expenses without having to worry about getting more money.

Pro Forma Balance Sheet

Assets
Current Assets   –
Cash and Cash Equivalents   –
Accounts Receivable   –
Inventory    $53,000
Total Current Assets   $53,000
Buildings and Equipment/Machinery  $450,000
Total Assets   $503,000
Liabilities and Shareholders’ Equity
Current liabilities  –
Accounts Payable  –
Accrued Expenses  $78,000
Total Current Liabilities  $78,000
Long-Term Liabilities  –
Long-Term Debt  $450,000
Total Liabilities  $528,000
Shareholders’ Equity
Retained Earnings  $300,000
Total Shareholders Equity  $203,000
Total Liabilities and Shareholders Equity  $503,000

Pro Forma Statement of Cash Flow

Cash flows from Operating Activities
Net Income –
Changes in working capital –
Depreciation  $22,500
Increase in Accounts Receivable –
Increase in Accrued Expenses  –
Increase in Inventory  $20,000
Increase in Accounts Payable  –
Total Adjustment $42,500
Net cash Provided by Operating Activities $100,000
Cash Flows from Investing Activities –
Purchase of Building and Equipment $450,000
Net Cash Flows Provided by investing –
Cash Flows from Financing Activities – –
Proceeds from increase in long-term debt –
Principle reduction in long-term debt $4,000
Net Cash Flow Provided by Financing –
Increase in Cash  $10,000
Cash and Cash Equivalents beg of year  $50,000
Cash and Cash Equivalents end of year $70,000
 

Assignment -5Pro Forma Budget

INSTRUCTIONS:
OBJECTIVE:
1. Identify the cash and resource needs of the new business.
2. Prepare cash flow, income and balance sheet. – 3 pages 

DESCRIPTION:

Building on your organization design, you will begin to put numbers to the activities you have planned for your new business. In this assignment, you will create a financial plan based on your best knowledge of how your enterprise will start and operate for its initial period, usually a year. It is recognized that this plan is based on your best guesses of capital needs, costs and expenses. More importantly, this plan will help you determine how much money you will need to launch your business and operate it.
INSTRUCTIONS:
1. Review the discussion of pro forma financial statements in chapter 8 of the text.
o Chapter 8 discusses the process of financial management and its importance for forecasting, which is critical for the entrepreneur contemplating a start-up. The ability to demonstrate a firm grasp of the finances underlying a new endeavour shows prospective investors that the entrepreneur understands his or her financial needs and holds a realistic view of revenues. For the entrepreneur, the pro forma financial statements provide a path to follow in preparing the start up and operating during its initial period.
2. Prepare the pro forma financial statements.
Based on your best understanding at this point, you will prepare a consolidated balance sheet, statement of cash flows and income statement for the first year.
3. Explain your pro forma statements in an accompanying document.
Along with these pro forma financial statements, you will prepare an explanation, discussing how you arrived at the various figures.
4. Review the rubric for this assignment.
EVALUATION:
The following rubric indicates those areas you should be focusing on in preparing your assignment, and how the instructor will weigh these components relative to one another.
 
Activity/ Competencies Demonstrated
Grade
 
Content: Students are expected to   demonstrate competency in regards to critical thinking, communication   (spelling, grammar) and APA formatting in their response to the following   learning outcomes
 
a. Analysis the capital and cash   need that the new venture will require for its first year
/20
 
b. Prepare a pro forma balance   sheet describing the financial position of the organization at the end of the   year
/15
 
c. Prepare a pro forma statement of   cash flow for the first year
/15
 
d. Prepare a pro forma   income statement for the first year
/15
 
e. Describe how the figures in the   pro forma financial statements were derived and why you think that they are   accurate
/20
 
f. Demonstrate good organization,   including a strong introduction and conclusion
/15
 
Total
/100
 
Assignment   Value (5%)

 

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AnyCo is a US consumer product company enjoying broad distribution and dominant market share in its domestic market.

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AnyCo is a US consumer product company enjoying broad distribution and dominant market share in its domestic market. An opportunity exists to penetrate and perhaps dominate an offshore market, PseudoLand, worth an estimated $20 million in sales per year. Domestically, however, each dollar of revenue consistently produces the following income statement (P/L):
Sales $1.00
Delivered Cost of Goods .55
Gross Profit $ .45
Selling Expns .06
General & Admin Expns .30
Operating Profit $ .09
AnyCo has already begun exporting to PseudoLand and, as expected, commissions (selling expenses) are higher overseas. AnyCo’s board of directors is committed to maintaining the company’s current capital costs, and is attracted to this opportunity because it returns nearly the same operating profit (as a % of sales) as its current business in the US. However, the company’s managers want to diversify the offshore distribution strategy in order to maximize penetration. Three modes of distribution have been identified:
An export company has taken charge of the effort to date, but this arrangement is not exclusive.
Selling directly to PseudoLand consumers over the internet
Using a local distribution company to sell products in PseudoLand
Through research, Anyco has come to believe that the current export company can, at best, effect 50% penetration of the PseudoLand marketplace. The internet could add an additional 20%. A local distribution company would be a bit more powerful, capturing as much as 30%. Selling expenses are 7% for the export company and 4% over the internet. However, the local distributor has balked at Anyco’s standard 6% commission, and is demanding 10%. Negotiations with the local distributor look inevitable.
Written Assignment due September 1st: Determine the best alternative to a negotiated agreement (BATNA) and a reservation sales commission above which, the company would walk away without an agreement. Using not more than one typed page (single spaced) and one spread sheet, explain your findings
 

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