Ethical Reforms in Walmart Free Essay Example, 3000 words

Presently, the company has witnessed a percentage of increase in its annual sales from that of the last year, i. 2009, incurring total sales volume of $405,046. To state about its employment opportunities the company has a wide range of African-American, Pacific Islander, American Indian employees comprising more than 870,000 female employees. Apart from the fact that the company is indeed a diversified private employer, the company also has a diversified product range to serve its customers. It serves the potential customer through Walmart Supercentres, Discount stores, Sam s Club Warehouse, and the Neighborhood markets (Walmart Stores, all these facts and figures till date the company owns a remarkable position in the world market according to its market share and competency that made it stand as one of the leading retail companies as well as the largest private employer. Being powerful and reputed the company certainly has a significant responsibility towards its stakeholders, i. the customers, the investors or the shareholders, the employees and of course to the community in which the company exists. Accordingly, the company also needs to compel a degree of business ethics not only to gain a sustainable amount of goodwill but also to justify with the interests of its stakeholders in an overall perspective. We will write a custom essay sample on Ethical Reforms in Walmart or any topic specifically for you Only $17.96 $11.86/page Walmart is also not excluded from the matter. These principles become much more important for a huge company like Walmart because it not only builds a trust within the customers and employees but also helps in achieving a certain amount of goodwill in the market.

Saint Thomas Aquinas And The Command Theory Of Law

In 1945 and 1946 the Nuremberg Trials took place in Germany, in order to relieve the damages that the Nazis have done during World War Two and the Holocaust. Judges from all over the world came together to rule over twenty two court hearings and ruled twelve of the Nazis guilty. The Nazis were sentenced to death. The rulings made by the judges can be supported in many ways by Saint Thomas Aquinas and John Austin. Saint Thomas Aquinas’ decision is backed by the theory of Natural Law and John Austin utilized the Command Theory of Law. According to Study Guide # 1, â€Å"the theory of Natural Law is, among other things, an attempt to bridge the gap between law and morality†, therefore, the Natural Law is going to prescribe laws that morally†¦show more content†¦For example, if I was trapped in a zombie shelter with three of my friends and we only had enough supplies to survive for three people, it would be wrong to kill anyone of us even if one of us was wounded a nd about to die. The Natural Law forbids killing anyone even for the sake of survival, thus it is a major infraction if the Nazis are killing innocent people because the government said so. That is how Aquinas’ Natural Law proves the Nazis guilty. Alike, John Austin’s Command Theory of Law also proves the Nazis guilty for the murder of many innocent lives. The Nazi law to kill can be backed by many of Austin’s ideas, but is ultimately shut down because it does not pass one point on the checklist. Austin was a legal positivist and always looked at two questions â€Å"what is the law?† and â€Å"what ought the law to be?†. In his mind he would answer those questions by breaking down the law. First, Austin would ask is the law a command, if the law was not a command one would not have to obey the law. Austin would identify what type of command the law could fall under, the command could have been a particular command or a general command. The command would fall under general commands because the command was passed down through a sovereign. Next, Austin would identify is there really a sovereign and who is the sovereign. It is evident that Nazi Germany holds the role as the sovereign in our situation. Finally, Austin would need to see sanctions takenShow MoreRelatedThe Theology Of Thomas Aquinas1157 Words   |  5 Pages Thomas Aquinas was a one of the few philosophers to interpret the theology as a whole distinguishing the difference between theology and philosophy by explaining Law in general in a detailed account and focusing on kinds of law which he classified as Eternal, Human, Divine and Natural law. Aquinas suggests in order for law to be understood some reasoning has to be provided which is why as a philosopher what he explained could not provoke Christian beliefs, but establish a relationship between theoryRead MorePanopticisim and the Social Institution of Religion: Personal Opinion950 Words   |  4 Pagesof power. (201) In addition, Foucault asserts the method of panopticon exist other social institutions such as school, work, church or other areas where discipline is taken to accountability. According to Saint-Simon, religious institution in society must be viewed in the context of his theory of ideologies. He argues that every society must develop a system of norms and values that is shared and accepted by all of its members. In addition, he states that religion will continuously serve as the basisRead MoreEssay on Violence in Christianity3696 Words   |  15 Pagesheroic exploits.? (Klausner 268) These same acts would probably be viewed as illegitimate, illegal acts by the victims. So can violence ever be legitimized? If violence can never be legitimized, then why does it exist with such prominence? Thomas Hobbs believed that humans live in a perpetual state of war, ?a Bellum ominium contra omnes, a ?war of all against all? (Candelaria 907).? Humans are naturally violent. 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It replaced the phrase natural rights, which fell into disfavour in part because the concept of natural law (to which it was intimately linked) had become a matter of great controversy; and it replaced as well the later phrase the rights of Man, which was not universally understood to include the rights of women. ORIGINS IN ANCIENT GREECE AND ROME MostRead MoreThe Vocation of the Business Leader: A Reflection15551 Words   |  63 PagesThe Logic of Gift and the Meaning of Business† was held at the Pontiï ¬ cal Council for Justice and Peace (PCJP), in collaboration with the John A. Ryan Institute for Catholic Social Thought of the Center for Catholic Studies at the University of St. Thomas and the Ecophilos Foundation. The meeting followed the October 2010 conference â€Å"Caritas in Veritate and the USA†, which the PCJP held in partnership with the Institute for Advanced Catholic Studies of Los Angeles, and continued its study of businessRead MoreTheology of the Body32011 Words   |  129 Pagesidentity and felt alone (another sign of self-knowledge), because he was different from the rest of creation and from God. This indicates man’s original subjectivity. 3) God’s command concerning the tree of the knowledge of good and evil provides man the moment of choice and self-determination, of free will. 4) God’s command to â€Å"fill the earth and subdue it, and have dominion† (Gen 1:28) by tilling the earth shows that man’s capacity to dominate the earth lies within himself, transforming it to his

Generally Accepted Auditing Standards Free Essays

Generally Accepted Auditing Standards Paper Madeline Cates ACC/491 Contemporary Auditing 1 November 7, 2012 Thomas A. House Auditing is extremely important to our businesses, our state and federal government, investors, banks, and our overall economy. Without auditing there would be plenty of room for mistakes. We will write a custom essay sample on Generally Accepted Auditing Standards or any similar topic only for you Order Now Boynton Johnson (2006) define auditing as the following, â€Å"A systematic process of objectively obtaining and evaluating evidence regarding assertions about economic actions and events to ascertain the degree of correspondence between those assertions and established criteria and communicating the results to interested users† (p. ). To break it down auditing follows a certain process of steps using financial statements and tax returns to evaluate an organization in an unbiased way. Once this is done a written report is made by the auditors to give the organization the credibility they deserve. This credibility is passed on to interested users such as; banks, stockholders, and management. The purpose of this paper is to explain the nature and functions of auditing, and relate them to an organization in which we are familiar. The organization is which I am familiar with is Chili’s Bar and Grill where I have been an employee for over 4 years. Chili’s is owned by Brinker Nation, which is publically traded on the New York Stock Exchange under the symbol EAT. Brinker Nation is audited by independent auditing committee with no relation to the company, they follow the standard of the NYSE as well as the Securities and Exchange (SEC). The Generally Accepted Auditing Standards (GAAS) are a set of standards that public accountants are required to use. All together there are 10 different GAAS that are used to establish the quality of performance and the overall objectives to be achieved in a financial statement audit. Boynton Johnson, 2006) The Generally Accepted Accounting Standards apply to financial, operational, and compliance audits. Typically a CPA preforms a financial audit by evaluating a firm’s financial position to see if they are using GAAP. The results are then distributed to the general public. A compliance audit focuses on whether or not a firm is following rules and government regulations, such as the Sarbanes-Oxley Act that requires duel-purpose auditing and compliance audits. Operational audits focus on activities in relation to objectives. This is also known as a management audit. The Sarbanes-Oxley Act of 2002 and the Public Company Accounting Oversight Board (PCAOB) affect publically traded companies. The PCAOB is a private sector that was created by the SOX Act of 2002. Basically the PCAOB oversees auditors of publically traded companies to protect investors, creditors, and the general public. According to Boynton Johnson (2006), the PCAOB was given authority in 5 major areas including, 1. Registering public accounting firms that audit the financial statements of public companies. 2. Setting quality control standards for peer review of auditors of public companies and conducting inspections of registered public accounting firms. 3. Setting auditing standards for audits of public companies. 4. Setting independence and ethics rules for auditors of public companies. 5. Performing other duties or functions to promote high professional standards ? for public company audits, and enforce compliance with the Sarbanes-Oxley Act of 2002. With the help of the SEC, PCAOB, SOX Act, and GAAS we can ensure investors and creditors that publically traded organizations are presenting honest, fair, and straightforward financial information. Auditing is vital to the growth of our businesses, our local and federal government, and our economy as a whole. Resources Boynton, W. C. , Johnson, R. N. (2006). Modern auditing: Assurance services and the integrity of financial reporting. (8th ed. ). Hoboken, NJ: Wiley. Louwers, T. , Ramsay, R. , Sinason, D. , Stawser, J. R.. (2007). Auditing and assurance services. New York, NY: McGraw-Hill. How to cite Generally Accepted Auditing Standards, Essay examples

Significance of the Service Encounter †MyAssignmenthelp.com

Question: Discuss about theSignificance of the Service Encounter. Answer: Introduction: Child Fund Australia is an independent, non-profit, non-religious service organisation which works on international ground to lessen poverty among children. This organisation mainly works in developing countries. As children are part of community, so community help is very important to respond all the viable issues(Childfund, 2015). Long term community build up to ensure childs right in every corner of the world that a child feel safe, educated, can build a nation and must have a future. The condition of most third world country like Vietnam, Laos, Myanmar, Cambodia and all African countries are really horrific. They forced to live without basic rights and basic needs. Child Fund Australia thus chooses to work on these places(Childfund, 2016). They have managed funds through sponsorship, with donations and obviously government aids. It has a huge network present in several countries of Africa, Asia and Latin America which help more than 14 million children belong to 63 countries. It is a charitable organisation with full accreditation of the Department of Foreign Affairs and Trade. Back Stage ( Refer Back Stage flow chart) Any organisation needs money to perform its work. But service organisation works differently as it doesnt have any business to run for profit mechanisation. So fund raising is the vital issue to make it effective. It has also business opportunity but not like other sector. It connects with more people having interest in this field in relevant country. As this organisation works for betterment of children, so business related to these attracts several business with their friends and families also(Justgiving, 2017). An individual as well as any company can help Child Fund by Holding company fundraisers, providing matched donations from different fields, Running consumer promotions of several useful products and Offering payroll. Many big and small business firms directly support Child Fund and verbal about supporting and pray for support for children whereas some firms prefer to choose anonymity. All who support Child Fund through various programs like Child Sponsorship, Project Humanity and Global Humanity are registered as Business Supporter. After registering, they receive a registration pack for Child Fund Business Supporter including an annual logo with date stamped to use for website, pre-approved text using website to communicate with staff and clients, getting ideas and tips(Childfund, 2009). Any charity organisation works on team and to build a team, is needed a good manager. Fundraising is the most crucial part for this type of service organisation. And fundraising depends on team. Manager has to set a goal to achieve from everyone with cumulative for a team. To build a team, it needs to act like a family to make a bond among them. A team can wok whole heartedly when it works with energy and fun. If everyone is involved in their own way, achievement of target becomes very easy. Child Fund has some innovative ideas which come from different people after years of experiment in different socio economic condition. New people should explore with tips and ideas to enhance their skill. Fundraises are big and interesting job with manipulative and communicative skill. Collecting donation is next vital job here. Every employee is asked to make donation from possible Human Resources. Employees need to know the importance of collecting donation and then should set a goal to make people contribute. Child poverty is such a huge task that needs a huge monetary help with regular interval. This is actually an emergency like situation even in many countries and employees of any service organisation like Child Fund make sere about it(Probonoaustralia, 2016). Consumer promotion is another way to manage funds. Most of the consumers support good causes which are run for changing society. Then they can pay for that also. Promotional headlines to be advertised in newspaper, magazine or website is a great idea to connect with larger people. People want to involve in such things from bigger cause and love to write feedback. Significance of Managerial Implications: Front stage ( Refer Front Stage Flow Chart) Child fund is a service organisation which works to reduce poverty among children. It believes in child right not to live in misery condition. So the programs are associated with real, effective and easily implicating in nature. It acts with building assets, strengthening protection, amplifying the voice of children, enabling people to claim their rights. This works among human resources and as it is spread worldwide, so a huge human resources to need to establish a good chain. Long term assets mean to establish education, healthcare, food security, livelihoods and water and sanitation are needed huge employees. To manage all employees, to make everything effective and accurate, managers are to be there to manage all the odds associated with in different societies. So managers are needed to come from various societies preferably from locals where it is operated. Children are prone to various vulnerable activities. They have been worst sufferers in case of disasters strike. Only a goo d person with enormous managerial skill can cope up the situation to help children to come out from that situation. They need to be patient to hear, understanding, have convincing power and should have ability to adjust with them in any bad scenario. Relief is not just a handful of food rather relief is helping to get out of trauma and to back to normal life. This sensitivity needs with managerial quality in service organisation to be working fruitfully. They need to encourage the needy children to be vocal about their rights, their problems, their insecurities and their fears. Generally children living in poverty have no idea about basic needs and rights. So they need to be their agents while claiming rights for children. Some countries are in very poor condition and their children are just waiting to die. Employees need to raise their voice internationally to protest, protect the children and to do this they need huge monetary aids. They must have that capability to raise funds an d utilise effectively(Childfund, 2016). In any service organisation, first challenge is to raise funds and next challenge is to use that fund in proper way. Its a long and tough task which needs innovation, implementation, coordination, communication and dedication. To work with poor children one more thing is necessary i.e. sensitivity. Insensitive people cant work with these children. Some recent rehabilitation works going in Myanmar, Vietnam, Laos, Somalia, and Ethiopia are one of best through world. They are helped to get back with various activities like children club, children sports, school education, and community help. The people work for these children should have knowledge to manage in urban and rural field as both problems are totally different. Non-profit organisations are very important who are working to reduce poverty are needed god employees with very god managerial skills to implement all ideas effectively. References: Childfund, 2009. APAC- End-term qualitative evaluation report. [Online] Available at: https://www.childfund.org/uploadedFiles/public_site/media/7.%20APAC%20End-termQualitativeEvaluationreport-Final.pdf [Accessed 14 August 2017]. Childfund, 2015. Child fund Australia. [Online] Available at: https://www.childfund.org.au/mediarelease/family-violence-hotline-launches-papua-new-guinea [Accessed 14 August 2017]. Childfund, 2016. About child fund australia. [Online] Available at: https://www.childfund.org.au/our-vision [Accessed 14 August 2017]. Childfund, 2016. Child Fund working. [Online] Available at: https://www.childfund.org.au/where-we-work [Accessed 14 August 2017]. Justgiving, 2017. Join the ChildFund Australia community. [Online] Available at: https://www.justgiving.com/childfundaustralia [Accessed 14 August 2017]. Probonoaustralia, 2016. Child Fund Australia. [Online] Available at: https://probonoaustralia.com.au/directory/childfund-australia/ [Accessed 14 August 2017].