MEMORANDUM
DATE: April 23, 2017
TO: Members of the Board of Directors of ABC Steel, Inc.
FROM: Jordan S. Rigert
SUBJECT: Recommendation Regarding Whether to Relocate ABC's Manufacturing Operations to China
With the EPA and union putting pressure on ABC Steel Incorporation, we as the Boards of Directors need to make a critical decision on whether or not we should relocate our manufacturing operations to China. We as the board must keep in mind our duty to abide by a Code of Ethics. If we decide to resolve this decision by relocating to Chine, we would significant violate our ethical requirements adopted by ABC. There are two principle components that must be addressed. First is the EPA compliance issue of water and air pollution, and the second
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However, should we stay in the Reading, it is likely any tariff placed on Chinese steel will improve our profits as the price of steel in the US will likely rise. It is also important to note that the environmental situation in China is very bad, as they have some of the worst air and water pollution in the world. In China, the current environmental regulations have loopholes to work around their strict rules. With absence of regulations in the past and loopholes, China has represented the number one polluter in the entire world. If we were to move there we would just be contributing to this already bad …show more content…
Regarding the costs we are currently dealing with in Reading, it is clear that the more ethical and economic decisions is for ABC to stay where we currently are. This will able us to pursue our fiduciary duty to the EPA, community, shareholders, customers, and employees. In order to hold to our Code of Ethics, we must comply with the EPA. If we decided to move our operations to China, our 120 years of loyalty to the community would be destroyed. With regards to my final recommendation, I recommend that we choose not to buy China's steel mills. Instead, we shawl continue to produce steel in the United States in Reading, Pennsylvania. Trump Administration intends to cut taxes and increase spending for steel related projects. As a result, the U.S. steel demand would increase and market price would go up, allowing an optimistic vision for the
In the novel Tangerine Luis Cruz fits the mythological archetype mentor because he is very kind/nice to paul.Luis is also the mentor to paul because he inspires paul to be the best he can be.
As a result, their businesses may have a difficult time competing with those particular products made in China. If they match China’s prices, the domestic businesses may have minimal profit at best. Consumers would benefit from the import surplus due to having more choices in the market and allowing for a lower overhead by buying cheaper electrical machinery products.
Whirlpools Ethical responsibilities are interpreted differently among society. Society expects companies to produce “green” products while keeping prices fair but do not realize that to meet those expectations placed on them they must change the way the corporation is structured for business. The community and Whirlpool employee’s ethical responsibilities were not kept because they were ultimately damaged by the companies change. The community and Whirlpool’s former employees have had to endure financial hardships due to the reduced wages allowed in Mexico. Other companies located in this community suffered because they were no longer providing supplies to Whirlpool which caused them to go out of business, and unemployment spike. However the shareholders and consumers ethical responsibilities were met because they did in fact gain a more energy efficient appliance while paying less. Shareholders are pleased for the fact that cost of production has been reduced there for, a spike in profit.
I agree with the author, because China’s economy has been closely integrated with the world economy, including the United States. On the one hand, it is impossible to destroy the Chinese economy while protecting the American economy and consumers. If a trade
We all have occasion to disagree with others either at work, in friendships or other social and community interactions, but most of the time, we are able to resolve these disagreements, if not completely amicably, at least to the extent that we can still associate with the person or persons involved. Sadly, this is often not what happens in family disputes, which can quickly escalate into open warfare with neither side wanting to give ground.
Luke is an employee of ABC Company. He has been assigned to a construction of an adult entertainment retail store within a neighborhood his brother, Owen, lives in. The development of the retail store has not been made public yet and will be announced one month from today. This announcement will decrease the property values of the surrounding areas significantly. Owen is trying to sell his house. He told Luke that he recently received an ‘okay’ offer. However, in hopes that a better offer might be present itself in a few years after the real estate market improve, he has not taken the offer yet. Luke is very close to his brother, which makes him concerned about his confidentiality obligation to ABC Company.
China, one of the most complicated relationship with the United States politically but economically, they are best friends. China’s number one import is technology such as cellular devices, computers, and even air crafts. Japan sends to the United States things such as medical equipment, machinery, technology as well as air crafts, just like China. The United Kingdom sends to the United States through imports electronics, air crafts, and pharmaceuticals. So why are these imports so important? It is because the United States can only manufacture so much. If the United States were to manufacture all of these, then there would have to be a lot more factories opened here on US soil. But due to the fact that other countries are making these commodities and importing it to the US, there is not a need to open up factories and begin manufacturing.
Traditionally, manufacturing in China (either direct or outsourced) has been seen as a way to cut costs and increase profits. Increasingly companies now see it as taking a strategic position that fits their global aspirations, including in China itself or further afield.
“Cleaning up China” written by Rana Foroohar, informed Americans about environmentalist Ma Jun’s efforts to reduce pollution in China. Foroohar is an assistant managing editor for Time magazine. She also speaks to millions of television news watchers across the world for CNN. Foroohar recently traveled to Beijing and had the opportunity to extensively interview Ma, who has developed the strategy of publishing some of the polluting companies’ environmental data online. Using the Internet, he planned to expose to the entire world how foreign companies and their suppliers are polluting China, using that exposure to persuade those businesses to change their policies. Those records quickly went viral, producing a substantial impact. “ A 2011 report on Apple, for instance resulted in a major effort to clean up environmental violation in the company’s supply chain” (Foroohar, par. 4). Apple is just one of the many companies trying to change their environmental impact on China, principally because they care about the image they project to the world. However, Ma Jun’s strategic plan is not limited only to major corporations but to convince the entire world to jump on the environmental bandwagon. Foroohar wrote, “The initial goal is to coax the SOEs to grab the low-hanging fruit—retrofitting coal-fired power plants to reduce the worst emissions or stopping overproduction of steel” (Foroohar, par. 6). However, according to the news reports on CNN as late as October
The prospects for future profitability of the U.S. steel makers are very unattractive. Unless America can successfully combat China’s enormously, inexpensive, production ability, I do not see any American steel company surviving. China just has too big of a production ability and has the workforce to do it cheaply. Nucor will have to expand in this industry in the United States to survive. If the WTO
Amalgamated has three mills in the community. These three mills and the corporate offices provide jobs to many of the 10,000 people of Northlake. The company is a major contributor to the economy of the community. The recommendation is for Amalgamated to be ethical and show corporate responsibility. No amount of money can be given for human life. The aboriginal community is suffering from the effects of emission waste from the previous competitor and from Amalgamated as well. Amalgamated should forego its own financial gain and do what is ethically right to clean up their waste so that it does not affect the community. The company has had the emissions problem for so long and it would only benefit them in the long run to do the right thing and stop the pollution now.
2. Umble, M Michael; Umble, Elizabeth J; "How to apply the Theory of Constraints' five-step process of continuous improvement ", Journal of Cost Management; Boston; Sep/Oct 1998
If one were to truly know me, they would know that I am a die-hard Harry Potter fan, and therefore, a die-hard Emma Watson fan. From her time in the Harry Potter series to her role as Belle in Beauty and the Beast, Emma Watson has continued to amaze me. So much, that when her new movie, The Circle, came out—exactly 42 days after “Beauty and the Beast’s” release— I quickly rushed to see it — a decision I would soon come to regret.
Analytics within ABC companies industry has traditionally focused on the investment landscape and bringing investment value to your target market. Investment analysis focuses on the premise of “buy low and sell high” or “discount expected future cash flow”. In the active management space analytics is leveraged to identify mispriced securities thus focused on buying low and selling high. In the passive investment space that ABC Company operates, efficient markets dictate that investing is a zero sum game and cost matters. Those costs eat into the future value of the cash flows expected and thus ABC has traditionally used analytics to build a competitive advantage in bringing low costs to their passively managed investment lineup. In
Forensic Science (Forensics) has been around for centuries, more like the beginning of the 700s when the Chinese began using fingerprints to indicate a person’s identity. Looking out, Fo-rensic Science has been improving more and more every year. There are now several more jobs in this field, which of course, require a specific path to take a part of. In the article, “Top 10 Highest Paid Jobs in Forensic Science,” it gives a median av-erage of the pay and slight insight of what these high paying jobs duties include. To narrow it down, the top five paying jobs in Forensic Science are (from lowest to highest), Accountant, Psychologist, Mechanical Engineer, Trained Attorney, and a Fo-rensic Medical Examiner.