IA1 Essay

Top managements are to blame for Hughes' unethical practices because they have the authorities to and responsible for providing guidance on how things should be done within a company; if the decisions top management

With the $470 million Yong Yu acquisition in October and the recent opening of a new logistics center in Shanghai, China could represent a large market to boost Cardinal’s medical devices, nuclear pharmacy and retail pharmacy businesses (Glenn, 2011).

Soon After the four employees where arrested, the world was waiting from a response from GSK but it took them over 2 weeks before getting a response. The company addressed the allegation by not using the travel agencies identified in the allegation and they are also reviewing all historic transactions as it pertains to the use of travel agencies (Quelch & Rodriguez, 2013). This is a good decision by GSK to stop working with the travel agency and audit their records for bribes with the travel agencies. This shows that they are willing to cut all ties with anything that will ruin the companies’ reputation. The decision to take action better demonstrate GSK stance on fixing an issue immediately. Also GSK plan to work with the Chinese government to make the drugs more affordable and fix the lack of trust between the government and GSK moving forward. Working with the

There have been calls for the resignation of the CEO and Chairman due to the poor performance of the company which highlights potential issues that the board is not delivering to their strategy development through accurate systems and monitoring. Sound corporate Governance (GC)

Rollins China Center & International Business Department Rollins College 1000 Holt Avenue 32789 Winter Park, FL, USA E-mail: ialon@rollins.edu E-mail: mfetscherin@rollins.edu E-mail: msardy@rollins.edu *Corresponding author

Lack of preventative control causes the manager from Global Crossing was intentionally sent false information to its shareholder in order to hide the true declining economics state. Global Crossing created metrics called ‘cash revenue’ and ‘adjusted EBITDA’ in press releases. This revenue measurement was defined as GAAP revenue plus the cash portion of the changed in deferred revenue. With this method, Global Crossing presenting all the revenue as an up-front gain hides the real risk of a customer trying to cancel the contract or going bankrupt. This action of intentionally sent false information can be considered as fraud under the intentional act. After scandal occurs, there exposed how the chairman at the time acted illegally in selling share before the share price plummeted, intention sent false information to stakeholder or customer and this strongly damaged company

Website GlaxoSmithKline’s website www.gsk.com gives additional information on the Group. Notwithstanding the references we make in this Annual Report to GlaxoSmithKline’s website, none of the information made available on the website constitutes part of this Annual Report or shall be deemed to be incorporated by reference herein. Cautionary statement regarding forward-looking statements The Group’s reports filed with or furnished to the US Securities and Exchange Commission (SEC), including this document and written information released, or oral statements made, to the public in the future by or on behalf of the Group, may contain forward-looking statements. Forward-looking statements give the Group’s current expectations or forecasts of future events. An investor can identify these statements by the fact that they do not relate strictly to historical or current facts. They use words such as ‘anticipate’, ‘estimate’, ‘expect’, ‘intend’, ‘will’, ‘project’, ‘plan’, ‘believe’ and other words and terms of similar meaning in connection with any discussion of future operating or financial performance. In particular, these include statements relating to future actions, prospective products or product approvals, future performance or results of current and anticipated products,

About half of the board resigned after the padding of their profits came to light. The investigating panel described the company’s culture where the lower

Mead, R. & Andrews, T.G. (2009) International management. 4th ed. Chichester, England: John Wiley & Sons.

International business involves business activities that crosses borders ADDIN EN.CITE Brooks2004145(Brooks et al., 2004)1451456Brooks, I.Weatherston, J.Wilkinson, G.The international business environment2004New JerseyFinancial Times Prentice Hall9780273682479http://books.google.co.ke/books?id=rxzkqOPM9KUCBrooks20041451451456Brooks, I.Weatherston, J.Wilkinson, G.The international business environment2004New JerseyFinancial Times Prentice Hall9780273682479http://books.google.co.ke/books?id=rxzkqOPM9KUC( HYPERLINK l "_ENREF_2" o "Brooks, 2004 #145" Brooks et al., 2004). International business does not exclude small companies neither does it only occur when a company set up operational base ADDIN EN.CITE Shenkar2004144(Shenkar, 2004)14414417Shenkar, OdedOne More Time: International Business in a Global EconomyJournal of International Business StudiesJournal of International Business Studies161-1713522004Palgrave Macmillan Journals00472506http://www.jstor.org/stable/3875249( HYPERLINK l "_ENREF_7" o "Shenkar, 2004 #144" Shenkar, 2004). The key consideration for

(Foundation, 2016). . It is common practice even well-known brands to use practices classified as unfair, containing misleading information or using misleading omissions. Sluggish broadband service is a problem, even in some parts of central London. No consumer trust t in her/his internet supplier, that he will deliver the speed of internet as stated in the contract. Customers like Jim McColl discovered they were tied into 25-year credit agreements with their energy suppliers /HELMS/ – despite being told their solar panels were free and the most recent scandal with global consequences both, for the consumers and the brand - Volkswagen the world’s largest carmaker lied about their emissions tests through cheating software. The arrogance that they thought they wouldn’t get caught is scary, especially since they publicly promised to be the ‘greenest’ car producer in the world by 2018. The Starbucks coffee cups scandal has the same dimensions, where the brand misled the consumers about what happens to cups collected in instore recycling bins.

Instead of focusing on becoming more competitive by improving product quality and providing faster delivery time, the management of Kitchen Best relied on paying bribes to the regional general manager of Hongua. As the CEO might be aware, the new management of Hongua is considering cancelling future orders with Kitchen Best if they find out about the bribery. The company will not only suffer financial loss but has also put the company at risk as the DMMD manager contravened the law, Prevention and Suppression of Bribery in the Private Sector in Macao by bribing the general manager of Hongua

GlaxoSmithKline's operating profits have greatly succeeded those forecast by the company. Considering during 2004 net profit at the company declined 3.9% from the previous year , the company predicted that this could again happen in 2005. This has not happened which shows that new strategies introduced by the management of the company have worked.

The importance of Corporate Governance has been strongly highlighted by many organizations and foreign nations. According to Zulkafli (2004), Corporate Governance is the process and structure used to direct and manage the business and affairs of the company towards enhancing business prosperity and corporate accountability with the ultimate objective of realizing long term shareholder value, whilst taking account the interests of other stakeholders . This, in simpler terms meaning managing the company’s money in such a way, where they face less risk and maximize the utilization of the resources. Due to this reason, corporate governance is becoming a must in many nations and their economic policy. However, over the years, many such corporate governance failures have been a root cause in the company’s demise. The top level managements’ misleading actions have been detrimental to their organization. International scandals such as Enron, Worldcomm, and Tyco International, have created a stir in the economy and harmed their company. Many top level staffs were fired, accused and even tried in court, with a majority of them facing prison sentences even till now.

SUMMER TRAINING REPORT SUBMITTED TOWARDS THE PARTIAL FULFILLMENT OF POST GRADUATE DEGREE IN INTERNATIONAL BUSINESS