The Business Lifecycle Personal Statement Example | Topics and Well Written Essays - 1000 words - 1

The Business Lifecycle - Personal Statement Example I have been exceptionally excited about how organizations are begun and what involves the entire startup procedure and I have discovered that one of the most significant issues to be handled is the legitimate issues. I was thinking like there was no issue given that the business I’m proposing to begin is a lawful one, however incredibly, my exploration has indicated me in any case. Organization law, a book by CR, Datta, unmistakably shows that there are a great deal of legitimate issues to be investigated before a business is permitted to work. Some of them are the enrollment of the business name, application for wellbeing and clean allows and looking for consent for building premises to be utilized by the business. The business ought to likewise hold fast to Acts and rules overseeing what they practice. An investigate the Horizon Electronics marketable strategy likewise affirmed the equivalent to me since they have obviously recorded their adherence to the applicable guidelin es, enlistment, and drafting of agreements. In my examination and coursework, I have additionally discovered that a business needs to experience different stages before it is named as adult. Charlie Gilkey in his book the business life-cycle offers an outline of phases of a business life cycle. He names them as the moving stage where a business visionary has a business thought yet has not yet executed it, the passage stage where then business person has chosen to begin a business and is effectively fabricating the market, the development stage where the business visionaries have a field-tested strategy and are developing their income streams with new customers and clients, the pot stage where the interest for merchandise and ventures surpass the business people capacity to meet them, lastly the journey stage where the business person has discovered answers for the issues and is pushing forward (Gilkey, 2010). In my view, business requires a great deal of difficult work and penance p articularly in its underlying phases of improvement. This is on the grounds that I have come to discover that there are numerous difficulties related with this phase of a business. One of the significant difficulties is that of finding a business opportunity for your yield. Without a business opportunity for the yield, the center target of working together: making benefits won't be accomplished. Legitimate statistical surveying (a sorted out exertion to accumulate data about clients) should, consequently, be performed before the business is started. I will in general accept that it is fundamental for this to be done acutely in light of the fact that it likewise gives a blueprint on the best way to advertise the item. Statistical surveying additionally gives data about the common market patterns in the business and the current market costs for comparable goods.â

Kaleidoscopes of Light: Reflecting on Namibian Faith and Culture :: Essays Papers

Kaleidoscopes of Light: Reflecting on Namibian Faith and Culture In this enlightening semester in Southern Africa, my Christian convictions have been hued with light from kaleidoscopes of societies and individuals. I have been vigorously tested, fortified once again, and flipped completely around more than once. Maybe most unequivocally, I have found out about the job of religion in social change in Namibia, from concentrate in this course, in visiting eight distinct holy places through the span of a quarter of a year, and in building associations with moving Namibians. As I get ready to make my arrival venture home, I wonder on the off chance that I will be set up to share and portray what strict dissatisfactions and commendations of confidence have filled my days. I wonder if my profound interest will proceed to refine and develop my gratefulness for the importance of Christianity in my life, particularly as I come back to work in a Christian day camp in Montana. I wish I could state that the message of genuine love supported in the sacred text of my confidence has struck me over again during my time here. Be that as it may, my encounters have filled me with more profound inquiries and worries than answers of certification. This is daring and animating, no doubt, and I am happy for the test given here; confidence ought to never be a mild and weak excursion of life. All through our strict classes this semester, meeting strict pioneers and human rights activists has energized my comprehension of the importance of Christianity. In addresses from network pioneers, ministers and guides, our class conversations demonstrated the veracity of Christianity’s unique setting in Southern Africa, its significant job in the freedom battle and its potential in proceeding with procedures of compromise in Namibia. Perusing verifiable audits and articles of imperialism and politically-sanctioned racial segregation presented me to the terrible impacts of religion in this nation. What despite everything strikes me profoundly about what I’ve realized is the acceptable strict networks can offer this country. As our well-spoken speaker Rev. Nangula Kathindi, President of the Namibian Council of Churches, shows with her words and her work, church association in ending the mass of quiet encompassing SWAPO abominations and human rights infringement is for t he strengthening of Namibians all over the place. Her situation of power inside the congregation gives a new viewpoint on the job of the congregation playing into regular day to day existence in Namibia, and how its impact can be utilized for dynamic change today. The expressions of Kathindi fill me with trust later on ages of Namibia; she is a living demonstration of the intensity of places of worship reshaping the race-war worn existences of Namibians today.

Explain Formally The Environmental Kuznets Curve Hypothesis Economics Essay

Clarify Formally The Environmental Kuznets Curve Hypothesis Economics Essay Unmistakably as nations make progress toward expanded development they endeavor to create more noteworthy yield and rationale directs that with more noteworthy yield, ceteris paribus, there must be more prominent information and accordingly a consumption of assets from our condition. All the while more prominent yield prompts more prominent degrees of emanations and waste, along these lines the conveying limit of the biosphere will be surpassed sooner. Simon Kuznetss Environmental Kuznets Curve theory expresses that financial imbalance at first builds, arrives at a basic limit, and afterward diminishes as the nation creates (Economic Growth and Income Inequality, 1955). The theory is appeared by Figure 1 underneath. http://upload.wikimedia.org/wikipedia/house/6/6b/Kuznets_curve.png Figure It is essential to understand the relationship of the EKC shows a connection between's natural equity and salary, not causation. This basically implies a pattern has been acknowledged among pay and financial imbalance which expresses that at first as pay rises does as well disparity, anyway at a specific limit imbalance starts to reduce, and the purpose behind this change isn't promptly clear. The idea that ecological balance is affected by monetary development began from before financial hypothesis, as in a huge number hypothetical writing on contamination and development, ideal contamination control models have reversed U bends of contamination certainly inserted in them (Selden, 1994). There are two fundamental financial clarifications for the Kuznets Curve theory. Initially the earth can be seen as an extravagance decent. This implies albeit at first people are not ready to exchange utilization for ecological venture, at a specific degree of pay people start to expand their consumption on nature to make the most of its advantages. It can subsequently be contended that monetary advancement is a way to ecological improvement and accordingly while at first the earth will experience the ill effects of development, it will profit by the financial flourishing over the long haul. Besides as nations experience development and salary builds there are perceived authentic basic improvement stages to the countrys economy much like, as Roslow noticed, the moving from customary to mechanical economies and afterward to a develop mass utilization economy (The Stages of Economic Growth, 1960). For instance, in a Less Developed Country (LDC), a basic change from crude farming, through assembling and into administrations would at first use nature effectively through horticultural exchange, with more noteworthy pay this may change into assembling which is exceptionally subject to ecological assets and furthermore conveys enormous negative externalities, for example, contamination. Anyway by and by, with further development industry and exchange will move towards administrations which have minimal effect on the earth. The examination by Syrquin in 1989 econometrically attaches auxiliary changes to financial development and is regularly used to talk about the EKC speculatio n (Grossman, et al., 1995). It is clear to reason that if these formative stages happen and the changes between the stages correspond with explicit per capita salary levels, at that point a relationship where contamination levels at first ascent before in this way falling, as normal salaries increment. Unrah and Moomaw contend that we can't be certain whether the phases of monetary development are a deterministic procedure that all nations must go through, or basically a depiction of the improvement history of a particular gathering of nations during the nineteenth and twentieth hundreds of years that may never again happen (An elective examination of clear EKC-type advances, 1998). We can take a gander at the defining moment in the EKC from expanding ecological disparity to reducing natural imbalance as a difference in singular enthusiasm from personal responsibility to social intrigue. Anyway Arrow (2000) calls attention to that the EKC gives next to no data about the instruments by which financial development influences the earth. For instance, as pay builds industry improvements and advancements may have diminished negative externalities on the earth. Additionally with more prominent national pay and riches there is more noteworthy interest on the experts for natural guidelines. There have been a few experimental and logical investigations of the EKC theory and while some help the finishes of Kuznets others counter his discoveries. There is in any case, little discussion that numerous contamination outflows in the created nations of the Organization for Economic Co-activity and Development (OECD) have balanced out or in fact declined over ongoing years while these equivalent nations per capital livelihoods have all the while expanded (An elective investigation of evident EKC-type advances, 1998). Unrah and Moomaw show in their 1998 exact investigation of France GDP development against CO2 levels a transformed U-formed bend is created which bolsters Kuznets theory (An elective examination of evident EKC-type advances, 1998). Picture Figure France CO2 versus GDP 1950-1992 Grossman and Krueger in 1994 created an examination with a N-molded bend where after a sufficiently high limit there were increments in natural corruption. Grossman likewise in 1994 found that the defining moment is sooner for a conspicuous momentary natural danger for the nearby populace (Grossman, et al., 1995). Bolt in 1995 expressed that responsiveness isn't quick so pay development doesn't suddenly carry a decrease to natural corruption. As such Arrow reasons that while momentary pointers would bolster Kuznetss theory, long haul markers would not. The colossal potential for financial development through viable use of the earth has made effective and socially alluring administration of condition assets is a key issue inside financial matters. The earth encompassing every individual economy has consistently been basic to the exhibition of monetary development. Alongside making monetary thriving nature likewise plays out the basic capacity of supporting life and in this manner made do with care and duty. As has been seen through history, abuse of the earth which has given urgent monetary sources of info may likewise be the instrument which impedes the earths capacity to help life. For instance, in a decade ago we have seen the rise of worry about how monetary development of the world economy is prompting unsalvageable worldwide harm (Silbert, 2009). As such choices in regards to the ecological exchange off between financial development and safeguarding require cautious thought from political specialists. Kuznets EKC Hypothesis EKC Analysis Conclusions One approach proposed by financial experts is to permit nations to monetarily develop out of earth harming action. Taking a gander at nations with effectively huge economies, we see indications of natural guideline, for example, discharges measures, broad reusing projects, and constrained timber reaping. The business analysts supporting a strategy that at first takes into account ecological debasement state that if a nation can accomplish adequate financial development in a brief timeframe then maybe natural harm ought to be endured. A notable speculation offering help for an approach that underscores financial development to the detriment of natural insurance is the ecological Kuznets bend (EKC) theory. It places that nations in the improvement procedure will see their degrees of ecological debasement increment until some pay edge is met and afterward a while later reduction. Assuming valid, monetary strategies ought to permit broad, in spite of the fact that not really outright, utilization of the earth for development purposes. Be that as it may, doing such strategies includes natural perils. On the off chance that creating nations choose to disregard ecological insurance by depending on rising salaries to decrease natural harm the results could be crushing. The most squeezing threat is that extra ecological debasement could cause some irreversible and critical damage. This could happen before the anticipated salary edge is met. The other worry with depending on wages to decrease natural harm is that the EKC theory could without much of a stretch be mistaken and depending on its forecasts would prompt reliably lacking security. This paper assesses the legitimacy of the EKC speculation and contends that it's anything but a sound reason for approach development and legitimization with such a great amount in question. The arrangement of the paper is as per the following. Segment II analyzes the reason for the EKC speculation and conditions under which it might precisely foresee a countrys future ecological status. Segment III quickly sums up experimental examinations exploring EKCs and takes a gander at the discoveries of these investigations. Area IV distinguishes the inborn threats in deciding natural approach dependent on the EKC speculation. A few concerns are pertinent if the theory doesn't hold and others are available regardless of whether it demonstrates a right forecaster of natural quality. Area V finishes up with my appraisal of how well the speculation functions as a legitimization for questionable natural strategies. Segment II: The Concept of the Environmental Kuznets Curve The EKC speculation declares that nations will normally move from generally low naturally debasing action to profoundly corrupting action and afterward, when a specific salary edge is accomplished, will continue to less corrupting action by and by. This attestation permits one to anticipate the overall degree of natural harm being brought about by a nation by taking a gander at GDP for every capita. Be that as it may, this expectation is comparative with singular nations. As such, every nation has its own EKC, in light of asset enrichment, social traditions, and so forth., from which it advances along comparative with its GDP. A graphical model of the theory outlines the rearranged U state of the re

How to Create a Project Topic

It is common for students to develop a list of potential project topics for research and practical tasks. The main challenge in projects arises from inability to select manageable topics. Often, the main guideline that students use when selecting project topics concerns choosing topics that an individual can stick with to the completion of the project. Therefore, the project topic should be of interest and should elicit curiosity in the project writer and the intended project audience. Evaluation strategies can be used to ensure effective selection and use of appropriate project topics.   How to Evaluate Project Topics As noted earlier, the main challenge scholars face when developing a list of project topics arises when learners are required to develop a research project based on a prior selected project topic. The main evaluation criteria for assessing a chosen project topic should focus on, among others: relevance of the project topic, the main project area, which denotes the subject of concentration. effectiveness and efficiency of the available research information, impacts of the selected topic on the intended audience, sustainability of the research topic. Topic Significance When deciding on the project topic, the researcher should select a topic that elicits interest and curiosity on the researcher and the target audience. The person executing the project should make a decision based on personal opinions about the areas of focus, which further depend on the area of study and institutional requirements. In this regard, the writer should thus focus on: the sustainability of the topic during research, the availability of content on the topic, the level of interest the topic will elicit in the audience and the researcher. Topic Responsiveness Evaluating the ability of a topic to elicit interest and emotional appeal should involve analyzing whether a topic is worthwhile in the research field. Various project areas are constantly evolving due to research developments, and use of new technological innovations as well as changes in audience preferences. Accordingly, the project topic should be valuable in the context of the field of study. For instance, the researcher should evaluate the applicability of the topic within the context of study. Topic Manageability It is important for a project topic to be feasible, which implies that the researcher should make critical decisions that will enable him or her collect primary data to answer potential project topics. Therefore, the project researcher should consider whether the project topic is do-able. The Overall Evaluation Criteria The project topic’s appropriateness should assess: relevance of the topic, efficiency of the research topic in providing a direction to the project, effectiveness of the research topic in providing a direction to the project, impacts of the project, sustainability of the project after its completion. Essentially, the researchers’ curiosity and interest should manifest through the selection, planning, and execution of project elements that include the project topic. Besides, selection of the project topic motivates researchers to use the project as an education and motivational element.

Capital Punishment Is Wrong Essay - 2471 Words

Capital Punishment Is Wrong To this date, Seven hundred and seventy two criminals in the U.S. alone have been subject to Capital Punishment. (Executions USA 2002). Using specific examples such as the Universal Declaration of Human Rights and the Timothy McVeigh execution, capital punishment is seen as inhumane, wrong and an unusual punishment. The death penalty is greatly rejected and discouraged by many countries and states. There are more than one hundred countries who have abolished the death penalty in law or practice, while the United States has increased the rate of executions and the number of crimes that are punishable by death (The Death Penalty†¦2000). Many politicians claim that they are tough on crimes,†¦show more content†¦The Catechism of the Catholic Church says, Punishment has the primary aim of redressing the disorder introduced by the offense. If I commit a serious offense against society, I bring about a disorder, and the point of punishment is to reestablish the lost order. If I willingly accept my punishment, it assumes the value of expiation. And it can protect you from future crimes I might commit. The Catechism thus gives three purposes of punishment: defending public order, protecting people, and moral change in the criminal. Paragraph 2267 reminds us that the traditional teaching of the church does not exclude recourse to the death penalty but then adds, if this is the only possible way of effectively defending human lives against the unjust aggressor. This appears to make a secondary purpose of punishment override the primary. That appearance has led to some fuzzy thinking. The correct meaning must be that the primary aim of punishment can be achieved short of exacting the death penalty. A single means-say, life imprisonment restores the order lost by the crime, protects society against future crimes of the incarcerated, and gives the prisoner a chance to repent.(The Catechism of the Catholic Church). One human right is the right to life and by taking a life away by execution is cruel, inhumane andShow MoreRelatedCapital Punishment: Is It Right or Wrong?883 Words   |  4 PagesAt first thought it may seem that capital punishment is the right thing to do. But what most people don’t realize is that it is injustice and wrong. Capital punishment has been around since the middle ages and is used today to kill people who commit crimes it varies from state to state but one of the main crimes to receive the death penalty is murder. 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The New Green Renovating Macon s Public Spaces

The New Green: Renovating Macon’s Public Spaces Public spaces are areas in the community in which people can come into a common place and promotes community identity. Parks create an environment for the community to reach out to each other as well as creating a public forum for the community. We need to have the community more involved with each other and the best way to create an enriching environment is if the community was able to come and share their many identities to create a unique identity for the park. Tattnall Square Park hold a farmer’s market every week to promote community involvement and every so often brings in entertainment for the community to experience. The green space that the parks will have will welcome other community activities from other organizations and therefore allow the park to flourish. Parks are important to the community because they lend a hand in creating an identity to who the community is. The more inviting a community is, the more t he community might intermingle, and the more inviting the community will seem to others creating an environment that Village Green, Mid-City Square, and Mill Hill needs. Creating a public space is not as easy as waving a wand. Creating a public space take careful planning because a haphazard plan reduces the likeliness of encouraging community involvement or even after community usage. In order for the public spaces to flourish, they need to be open enough that the outside world can peer into the another

Ethics for Managers Forward Indirect Path

Question: Discuss about the Ethics for Managers for Forward Indirect Path. Answer: Introduction Ethics is a branch of philosophy that is based on concepts of right and wrong conduct and in business, the right and wrong behavior for achieving business goals is the ethics of codes in an organization. In this business report, the organization that is taken into consideration is Walmart. Walmart Stores, Inc., is one of the leading retail stores across the globe; however, this organization also suffers from some ethical criticism. This report highlights the most significant ethical issues the organization is facing and to discuss the Walmarts corporate social responsibility using CSR model and help in identifying their key stakeholder and ethics in communications and practice. Discussion Walmart contribution to sustainability Sustainability towards society Sterman (2015) depicts that every organization aims for making their business sustainable so that they can serve their business to their valuable customers for better productivity and profitability. This sustainability can be achieved through adopting effectivebusinessstrategies and activities for enhancing the human and natural resources of the organization. According to the case study, it has been found that even though the concerned organization has billions of dollars in the charity and for human development in the society, they are suffering from plenty of criticism that they do not behave well with their employees and other stakeholders. Implementing Sustainability Index Moreover, Benn et al. (2014) illustrates that Walmart uses Sustainability Index to increase the sustainability of its products and desires to make a better supply chain management system. Mainali and Silveira (2015) also portrays that this initiation helps the organization to increase the sustainability that can be highlighted through their achievements. Their achievements are 70 percent of merchandise sold in U.S. stores and global suppliers use the Sustainability Index to assess and share information about their product and business approach (Searcy and Elkhawas 2012). Moreover, Pinar et al. (2014) illustrates that it can also be found that this organization donates $2 million to fund the sustainability consortium. Sustainability towards environment Tachizawa and Yew Wong (2014) also affirms that Walmart took effective procedure for establishing the sustainability can also be demonstrated through their practice of using creating zero waste, renewable energy, reusing of goods and sell eco-friendly products and the use of reducing fossil fuel. They believe in collaborative work with government, NGOs, and academia so that every sector of the society can get aware of their products. They also created Sustainable Value Networks (SVN) for integrating and evaluating efforts in renewable energy. In the context of reducing the amount of using plastic, by applying three R of sustainability- reduce, reuse and recycle (Vijayan et al. 2014) Walmart now uses one-time-use shopping bags. Thus they can reduce plastic bag waste by more than 42% by the end of 2015 compared to the 2007 baseline (Lamine 2015). This recycling of products can be seen through their Smartphone and Tablet Trade-In Program, where they sell electronic recycling and trading newest smartphone that is less expensive. They have earned more than $50 to $300 over 100 smartphones (Tachizawa and Yew Wong 2014). The recycling procedure results in the packaging optimization from both an economic and environmental perspective. Gadakari et al. (2014) further depicts that reduces GHG emissions across our supplier base and eliminated 7.92 MMT of GHG until 2013 and target to eliminate 18MMT of GHG emission by 2016 (Corporate.walmart.com 2016). They also emphasize on pollution free environment and uses energy efficient products like they have installed 115 onsite rooftop solar panels in seven countries that are capable of production of 71 million annual kilowatt hours of electricity. In the USA also they have installed 26 fuel cells that produce 65 million kilowatt hours of annual electricity (Vijayan et al. 2014). They also take initiatives for power consumption by implement daylighting feature in most of their stores and by consuming centrally controlling system. Most significant ethical issues Walmart has faced Lack of benefits to employee Britt et al. (2016) defines that the Walmart being the leading retail organization yet have ethical issues involving employee stakeholders and from the case study, it has been found that they provide low wages and benefits to their employees. They also do not provide health insurance for more than 60 percent of its employees (From the case study). It is also found from the survey that workers, who work 30 hours a week, will not get the health insurance from the organization. Preference of part-time employer over full-time employees Wielers et al. (2013.) on the other hand, depicts that the concerned organization believes in hiring more part-time employer compared to the full-time employer. The primary reason for adopting this strategy is to get the best out of those candidates for more results that are productive. Shields et al. (2015) hence criticizes by stating that leading organization must have to emphasize more on employee retention by implementing employee motivation strategies like a reward system. Allegation of Bribery Jones (2013) defines that the success of an organization relies on how they extend their organization across the globe. Wallmart also desired to extend their store all over the world and in order to achieve the best location; they take help of unethical approach. From the case study, it has been found that for a suitable location for their Mexican arm, Walmex in Mexico, the concerned organization paid millions in bribes for accessing licensing and zoning permits for the targeted location (Barstow 2012). This bribery scandal gets worse by two primary considerations- top executives at Walmart and bribery among Walmart stores in foreign countries. This organization also has to pay the penalty due to the legislation of Foreign Corrupt Practices Act (FCPA), where to offer a bribe to a foreign official is a crime (Barstow 2012). Misconducts in organizational safety Sethi (2014) depicts that Walmart has caused much safety related trouble for their suppliers in the USA and other countries. This organization employs subcontractors for their product manufacturing procedure. Moreover, citing safety is one of the major concerns that have to be well-equipped with modern and secure technology so that none of their stakeholders will be affected by any adversity. However, valuing more to the cost-cutting technique, he does not focus on these safety technologies and as a result, in Tazreen Fashions Ltd. a Bangladeshi supplier of Walmarts apparel, due to fire 112 workers were killed (From the case study). After an investigation, it has been found that due to improper safety measures like blocked stairwells and a lack of firefighting equipment the fire cannot be stopped at that moment. Violations of labor laws Moreover, in the USA, workers at warehouses demonstrate that Walmart has harsh working conditions and violates labor laws. It is recommended for every organization to formulate their recruiting arrangements like producing application form for candidates, who want to work for the organization. The interview process and group discussion must have to be the next step in recruiting working personnel. However, Landry (2016) states that Walmart overlooked the organizational consideration by hiring their employee through third-party contractors and staffing agencies. Assessment of Walmarts corporate social responsibility using CSR model Moon (2014) depicts that there are three CSR models- CSR Pyramid, Intersecting Circles and Concentric Circles. All these models emphasize on four categories of corporate social responsibility- Philanthropic, ethical, legal and economic domains of responsibility. Barnett 2016) depicts that the concerned organization follows the CSR model of the concentric circle. Figure 1: CSR Model Adopted by Walmart (Source: Moon 2014) Walmart uses the CSR model of the concentric circle that signifies an inclusion system and is an integral part of the CSR. Economic domain of responsibility Lee et al. (2016) mentioned that the major objective of an employee is to enhance the nations economy by attaining more profit through the business system. Walmart by retailing their product in every field- grocery, daily use product, cleaning products, medicines, electronic gadgets and fashion apparel intends to contribute the economic betterment of the country where they have their stores. They provide employment to suitable candidates and by research it is found, that Walmart has 2.3 million associates, who are associated with more than 10,000 communities and operates from 28 countries around the world (From the case study). They also support the economy of the nation by getting associated with other associations like hospitals, food banks, schools and youth sports. Mashaw (2015) stated that this would not only provide promotion to the concerned organization but it will help the organization to strengthen local communities. Legal domain of responsibility According to the perspective of Gerde (2013), even though Walmart is facing adversity in following legal values for accomplishing the business, Walmart supports Fair Labor Standards Act 1938 for providing employment to every suitable candidate and not to discriminate against anyone of them based on their diverse cultural beliefs and background. Moreover, National Labor Relations Act 1935 is also followed by the concerned organization where the private sector employees are guaranteed basic rights to organize into trade unions and the customers can get every right to bargain if the current system of the organization allowed them to do so (Levi et al. 2015). Garrick (2014) Demonstrate that after the fire incident in Bangladesh, Walmart took initiatives for implement Occupational Safety and Health Act 1970 so that every employee at Walmart et the life insurance whether they are working for years and are newly joined workers. Furthermore, Resource Conservation and RecoveryAct(RCRA) is one of the environmental laws followed by Walmart where they focus more on the recycling of the used products and saves the forest resources also use eco-friendly products. Ethical domain of responsibility Walmart has considered some unethical approaches for the betterment of their organization. However, they admit all their unethical conduct of the business procedure and took initiatives for overcoming all these dilemmas. Spence (2014) demonstrates that their global ethics serves as a guide and resource for ethical decision-making and leads to ethics education and communication system in the society. They admitted their Environmental Crimes by violating the environmental law and paid more than $81 million as penalty (From the case study). In the year 2006, hey failed to train their employee for handling hazardous waste management and disposal practices at the store level and as a result, the solid waste products trashed into the bin and liquid water material are poured into the local sewer systems, which does not support the ethical consideration of their business report. Rashid et al. (2013) mentions that the company faced significant ethics and compliance challenges due to bribery case of Walmex in Mexico, they repair that reputation by avoiding discrimination, leadership misconduct, bribery, and safety for their business approach and behave ethically with everyone, who are related to their organization. Philanthropic domain of responsibility Saraf et al. (2012) demonstrates that every organization apart from their proceedings of activities, they are associated with an in-kind donation so that the economic standard of the community can be enhanced. Walmart in such circumstance, donate a huge portion of their annual revenue in the philanthropy work. They also initiate the regulation to provide paid 100 hours of philanthropic work training, sourcing, inclusion and diversity related programs for more than 19 000 associates so that they can choose their field of voluntary interest and contribute their effort in the advancement of the society (From the case study). Schramm-Klein et al. (2015) defines that Walmart donates money for the areas of hunger and nutrition, disaster relief, womens economic empowerment and disaster relief. They also donate $71millionin cashfor these activities for the year 2013 (from the case study). In the year 2011, the concerned organization had donated $100 million for womens economic empowerment an d provides job training to 60,000 women by partnering with partnering with 150 factories (Corporate.walmart.com 2016). Kwak and Kwon (2016) also depicts that in order to improve the existing business machines they have invested $35 million in new processes and procedures. In context of the disaster management projects, Kumar (2013) states that Walmart had donate over $1.5 million for mitigating adversity of Hurricane Sandy, including money, food, and goods. Walmarts key stakeholders according to three key relationship attributes According to the provided case study, the key stakeholders of Walmart are including competitors, suppliers, and employees; however, there are two more stakeholders in the organizational term- Investors and customers. Competitors Foster and McLelland (2015) mentioned that when cost is considered in the business, Wamart has the advantage over the target. Amazon, ALDI, ASDA, Kmart, Shopko in the USA and Real Canadian Superstore in Canada and Comercial Mexicana andSoriana in Mexico are some of the competitors of Walmart. From the case study it has been found that Walmarts executives encourage their store managers to compare prices with competitors so that their price can be the lowest. Suppliers Mentioned by Dunne et al. (2013), suppliers are the last in Walmarts prioritization of stakeholders. These stakeholders have a potential impact on other competitors as they work with Walmart so that they can work collaboratively with the concerned organization so that more of their products sold at Walmart stores in a profitable way and at higher prices. Some of their suppliers are- The Clorox Company, ConAgra Foods Inc, Dean Foods Company, Flowers Foods, Inc., Green Dot Corporation and others. Figure 2: Statistics of Walmart's team supplied by their supplier (Figure: Corporate.walmart.com 2016) Employees The third priority that Walmart considers among their stakeholders is their employees. They provide their employees, companys managerial decision-making while fulfilling their concerns that is job security and higher wages (Korschun 2015). They also assess the performance of each employee and then offer new and challenging job roles and responsibility to their employees as a career development. This not only will motivate their employee to serve their best to the organization but it also represents that the ethical apprehension of the organization. Investors Torres et al. (2012) state that investors are mainly interested in profits and help Walmart to attain more profit so that their share of profit will increase that result in higher dividends or earnings per share. Fernandez-Feijoo et al. (2014) also affirms that investors are also responsible for minimizing the operational costs. Ditlev-Simonsen and Wenstp (2013) depicts that lower costs usually lead to higher profits that benefit the Walmart's investors. Customers Customers are the second priority of Walmart after their investors and Walmart always work on the approaches, application of which these customers can get quality products at an affordable cost. These customers purchase their products and help the organization to make more profit. As a result, Walmart has a total number of 260 million customers in over 28 countries where they make a purchase from more than 11,500 stores under 63 banners (Corporate.walmart.com 2016). Their loyalty towards this organization can be seen through $482.1 billion annual revenue in the year 2016 (Corporate.walmart.com 2016). Ethics in Communications and practice An organization has to maintain the rights to honest and fair communications. Gubrium et al. (2014) Illustrates that anything that conveys wrong organizational information in the society is considered as a breaching of ethics in communication. There are many sources where it has been stated that Walmart is the leading retail organization that not only values their customers, but they also value their employee beforehand. However, Cornelissen (2014) depicts that it can be seen from the case study that they provide lower wages to the employees and do not emphasizes on the employee retention and opt for a part-time employee that is not mentioned in the organizational policy. Their practice also reveals that they did not give importance to the health and safety of the employee and that can be seen their Bangladesh fire case and even they do not provide life insurance to the employee who works less than 30 hours a week. This is the policy that is also not been mentioned in the organizatio nal policy. These beaches in communication and the practices of Walmart result in the loss that they are trying to be overcome in the recent days. In order to compensate their loss in the society they already have invested $35 million in new processes and procedures and provide ethical training sessions for their employees (Long et al. 2015). Recommendations for the organization to be a more ethical company in the future As a part of the recommendation, the concerned organization is taking initiatives for improving their reputation for sustainability and corporate governance. They have appointed a special ethical team for ethical standards to monitor the compliance of supplier factories according to the Standards for Suppliers and their safety. They also have taken an effective step for improving the stakeholder relationships by prioritizes the stakeholder list like to value to the government for the nation and the suppliers so that they can support the organization with legal regulation and timely inventory respectively. Moreover, Walmart should also take pledges for introducing a green initiative for maintaining the sustainability of the globe and diminishing the cause of global warming and climate change and decreases its waste and carbon emissions. In addition to that, they should value their employee prior to anyone else and trust them to make the right decision as a result to which they can cre ative solutions to business problems as they are the one, who communicate with the customers directly and can able to determine their requirement better than the managing authorities. Furthermore, they should also improve their CSR rating by helping the needy group of the society and providing 100 hours paid training to their employees per year for opting a voluntary work of their choices so that they can promote Walmart in social welfare. Conclusion This business report is based on the ethical consideration of the Walmart for their organizational approaches for better productivity. However it is found that in certain case, they have selected unethical procedures that violate their policy. Among them the first is to provide less wages to the lower designated working personnel and do not provide them health insurance. The second is that in Mexico, they have bribed the local authorities for getting a suitable place for their retail organization where they can attain maximum profitability. Thirdly, they do not have any recruitment process of their own and they hire employee through consultancy agents and third parties. However, they have to pay billions of penalties for their unethical approaches and they now took initiative for overcoming and rectifying those activities. In this circumstance, they started treating their employee as an important asset and provide them health insurance. They started interviewing 1000 market personnel in various countries for direct selection of the employee and they also dedicated $35 million to new processes and procedures so that the entire business procedure can be started ethically. Thus, with the concept of employee retention, corporate social responsibility and green initiatives they can ensure their success in recent times and future. 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