KITCHEN BEST: ETHICS WHEN DOING CROSS-BROUNDARY BUSINESS IN SOUTHERN CHINA
CASE SUMMARY * Brief background and context
Henry Chan, inherited Kitchen Best Appliance Co. Ltd---a home electrical appliance company from his father Chan Dong-hwa, is facing the challenge of establishing a more efficient internal control mechanisms of the company to ensure its future success. Kitchen Best Appliance Co. Ltd belongs to small- and medium-sized enterprises and is based in Hong Kong with its own manufacturing plant in Guangdong province.
As a chief executive, Henry Chan is more aggressive than his father. He focused on expanding the company’s reach in the European and American markets and brought a more western and less paternalistic management
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b. Haus de Metro: Testing and Certification issues
Kitchen Best subcontracted HdM’s order to Qinghua Electrical Appliance Ltd. Kitchen Beat arranged for an independent testing agency to conduct product testing and inspection as required by HdM.
Qinghua’s proprietor bribed the leader of the testing agency, who allowed Qinghua to interfere with the sample drawing to pass the test. Henry Chan did not pursue the case further for fear of losing profit and the customer. c. Honghua Appliances: New management
Honghua Appliance, A key customer of Kitchen Best changed its management style which made the Eddie Lau, the general manager of Honghua Appliance dare not receive kickback from Ma, the operations director of Kitchen Best, to place orders of kitchen appliances with Kitchen Best as before. In fact, Ma regularly used kickbacks, entertainment and gift-giving to open and maintain accounts, and expenses were reimbursed to him through fake invoices booked as “entertainment expenses”. He also inflated the amount for his own personal gain. ii. What is the short-term impact to Kitchen Best versus the long-term impact? Is Kitchen Best’s reputation at risk if such information becomes public? iii. As a young chief executive without much experience, will Henry Chan suffer from making such innovative revolution on internal control mechanisms that may lead to losing important employees and customers?
Phar-Mor, Inc was a thriving discount grocery store in the late 1980’s. Phar-Mor was moving product quickly but profit margins were not significant enough to pay the bills. By the early 1990’s, Phar-Mor declared bankruptcy due to fraudulent financial reporting and misappropriation of assets, making it one of the largest frauds in U.S. history. Below, we will use auditing standard AU 316.85 Appendix A in conjunction with the video “How to Steal $500 million” to analyze how incentives/pressures, opportunities, and attitudes/rationalizations allowed for fraud to start and continue at Phar-Mor.
In this show there are four chefs to show a variety of everyday ingredients into a unprecedented three-course meal. In every episode, four chefs contend. The show is split into 3 sphericals; in every round, the chefs square measure given a basket containing between 3 and 5 unrelated ingredients, and also the dish every rival prepares should contain all of those ingredients. The competitors are given access to a storeroom and icebox, that is equipped a good type of different ingredients. every spherical is times, and also the chefs should cook their dishes and plate them before the time elapses.
This project involves the remodeling of the master bathroom by replacing the fixtures, the appliances and the tiles to emanate a sense of peace and tranquility. Our objective is to create a whole new environment. One that is pleasing to eye as well as one that offers a feeling of comfort on a daily bases.
Steven Wang, a fluently bilingual American-born Chinese, jointed Carvel Asia Limited in September 1997. After spending three months, he moved to Beijing with a priority mandate to increase Beijing Carvel‘s sales, particularly in the ice-cream cakes category. But he quickly discovered, “this was going to be difficult because there is an amazing lack of information upon which to base any decisions”. Then he relied on his own observations, feedback from Beijing Carvel customers and sales staff, and information gleaned from business magazines and public reports to help him make his decisions. Finally he found that:-
Chan worked as a supervisor, at the catering company; Eurest. He was thought to be a punctual, reliable worker who had a good reputation. It was whilst he worked for Eurest,
After reading the chapter about Hanna Andersson, I noticed when the company discovered they had to continue to be competitive the Hanna Andersson company had to make a plan. Therefore, the company decided to promote from within to help lead the company (as cited in Principal of Management, Para 4). As well as, selling equity to gain capital in an effort to continue towards improving the business (para 5). Similarly, when having trouble staying competitive the Hanna Andersson company began selling product online (para 7). In addition, Hanna Andersson designed and implemented distribution through retail to facilitate the transformation of the company (para 7). While meeting the goals of the investors Hanna Andersson company held the same CEO that helped preserve the direction of the company that benefit the business goals and values (para 7). Ultimately, the planning when making changes or expanding to stay competitive helped Hanna Andersson reach a new goal without taking extraordinary risks.
There was breach of faith by withholding information and not being upfront during the communication process between different parties. This situation was also caused by cultural differences like relationship building, “Guanxi”, emphasis on personal relationships versus factual-based legalistic approach, completely varied styles of doing business, and also
Phar-Mor was known as one of the major discount chain retailers in the late 1980’s - early 1990’s. It was founded by Mickey Monus, a gambler in nature, who with the help of senior management was “cooking the books” for years to cover up his loses. The reason why senior management agreed to do this fraud is the belief in unique ability of their leader to fix everything later on. This case is known as one of the biggest accounting frauds in the corporate history of the U.S. This paper will analyze who was affected by this fraud, the motives behind it and what systems of control failed to prevent it.
The Making of a Chef was a fascinating book that alternated my perspective on cooking giving me a clearer view of working through a culinary program. Michael Ruhlman gave readers a glimpse of life within the Culinary Institute of America, which is the most critical culinary school in the United States. Nothing is left to instinct or assumed information, everything is shown whether it is with culinary maths or precisely how you lay out unresolved issues for the ideal stock. Everything was just striven to be excellent, not good, nor O.K., but miraculously perfect.
Richard Hoffman, the Executive Vice President, could not have been more right when he acknowledged that Peter Browning had a difficult job in front of him. It was Peter’s job to revitalize a mature business in the face of serious competitive threats, but without discouraging the loyalty and morale of a family style culture. Under Continental’s management, Peter Browning was faced with several issues.
Best Foods Company is a multinational worldwide food company whose vision is “To be the Best International Food Company in the World.” (p.713) Best Foods set out to make some serious strides in diversifying their organization. However, there were three key diversity challenges facing them. First is that the company has very few women who have been on the career path that leads them to executive level position. This unfortunately was due to past practices. Best Foods top 150 senior managers were mostly made up of older males predominately white. At the time that Best Foods sought to change there was only one women and she was a general manager. With the lack of skill level and job experience one of the first
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Blain Kitchenware, Inc. (BKI), founded in 1927, is a mid-sized producer of small appliances for residential kitchens. BKI has an approximate 10% market share of the $2.3 billion U.S. market for small kitchen appliances, with 65% of sales originating from the US market. The company is public since 1994, and the majority of the shares is controlled by the founder's family (62% of outstanding shares), who also have a strong representation in the board of directors. Mr. Dubinski - the CEO since 1992 and great-grandson of one of the founders, successfully completed an IPO in 1994 and gradually moved the production abroad in the early 90s. BIK`s current strategy is to complement its
This study examines the current operations of Werner Enterprises, Inc. In doing so, the study surveys the history, guiding stars, external environment, internal environment, and the current strategies that Werner has employed. This study also gives recommendations for new strategies going forward, as well as which strategies should be continued. A plan for how these strategies will be implemented and evaluated follows.
The given case study revolves around the problems of the Lee and Li`s firm which appeared because of the rude interference in its traditional functioning of one of its workers. Being founded in 1953 in Taiwan as the law office, the firm managed to guarantee its blistering evolution and development. On the wave of success, in 1965 the firm was joined by C.N. Li and the new company continued its blistering rise. The founders of the company died and now it is headed by Paul Hsu, Kwan-Tao Li (C.N. Li’s son) and C.V. Chen. They managed to guarantee the extreme growth of the firm and made it one of the most significant companies in the given sector. The company was oriented on clear and open interaction with its clients, resulting in the high level of popularity and incomes. caring for people, excellence in quality and client service were taken as the main principles in accordance with which the functioning of the company was organized. Now, the company works with SanDisk Corporation which is one of it greatest clients. The fact