Ethics in Modern Business Management Essay Example | Topics and Well Written Essays - 500 words

Ethics in Modern Business Management - Essay Example The business entities are now highlighting the social responsibility acts to elevate their social status as a brand. The regulatory authorities are also making the laws more stringent to accommodate global acceptability of firm. Thus organizations are indirectly provoked to participate in eco-friendly initiatives. The organizations, keeping in view of recent debacles with the companies like Aurthur Anderson and enron started focusing on the building up the ethical standards internally with the help of legal authorities. Sarbanes-Oxley is the most vital tool formulated to monitor the transparency and accountability of organizations in the US. The standards formulated are clubbed with the stringent sanctions, criminal and civil laws. The organizations were made mandatory to disclose the key driving management classifications in the organizations. The minor and major process concerns are to be highlighted to the public through the regular release of financial statements. The audit and key decision making responsibilities were levied on the CEO and CFOs of the organizations. These management processes were now more legally authenticated with respect to macro and micro business environments. Federal Sentencing Guidelines for Organizations: US federal laws & judges have formulated regulations under which the small (SMEs) and medium scale organizations are monitored with respect to the c

TAKING BUSINESS ABROAD Essay Example | Topics and Well Written Essays - 2500 words

TAKING BUSINESS ABROAD - Essay Example In the year 1991 Shopko got enlisted in New York Stock Exchange under the symbol "SKO". Shopko Inc was purchased by Sun Capital Partners Inc in December 2005, a leading investment firm who focuses on leveraged buyouts, equity, debt, and other investment in the leading companies. Before that in the year 1999, a regional discount chain called Pamida was purchased by Shopko. Pamida was a part of Shopko till the year 2007 as a separate division, but later got separated as an individual company. Now the company has its stores in 13 different states which include Northern California, Idaho, Iowa, Illinois, Minnesota, Montana, Michigan’s Upper Peninsula, Nebraska, Oregon, South Dakota, Utah, Wisconsin and Washington. In 2001, Shopko closedown few of its multidepartment stores which where situated in mid sized communities. The present slogan of the Shopko is â€Å"My life†¦my style†¦my store† and the slogan of Shopko Express pharmacy is â€Å"Every day. On the wayâ⠂¬ . Another division of Shopko is Shopko expresses which is a chain of pharmacies. This division offers limited general goods like merchandise, groceries, beer, liquor, health supplies and other medicines through out the country. Shopko in its 1306 stores sells brand merchandise, great values, pharmacy and optical services and in the 6 Shopko Express Rx stores, company offers high quality merchandise, services and values for customers’ house hold need along with family basics, casual apparel and seasonal products. They pays especial emphasis on the retail health sector. Company pay good amount of care toward stores’ cleanliness and interior decoration along with space and light. Thus creates friendly atmosphere in the shops. In the retail stores, list of brands is endless like Nike, Adidas, Reebok, Kitchen Aid, Fisher-Price & Sony any many others (Shopko, n.d.). Recently the Shopko