Arthur Anderson' Management Case Study Example | Topics and Well Written Essays - 1250 words

Arthur Anderson' Management - Case Study Example In Arthur Anderson, the main legal issue was compliance with accounting rules and regulations influenced the company. The company organized its activities taking into account accounting standards and norms of reporting accepted by the state and federal agencies. (Arthur Andersen 2007). To operate without major disruptions, Arthur Anderson was in compliance with legal requirements, international, federal, state, and local. It developed, established, implemented, and policed a code of ethical and moral conduct for all members of its organization. The ethical issue involved fair treatment of clients and employees. On the corporate level, Arthur Anderson accepted policies and regulations determining decent incomes and working conditions. In the legal area the objective were simply to obey the law. If the company considers the law unfair, then it should make efforts to get the law modified or repealed, or it should attempt to get relief from certain sections of the law (Friedman 1970). If none of these options is available and the law is too restrictive, then the company must evaluate the possibility of changing its way of doing business or of moving to a new location where the law does not exist. This need for continuous top management and other levels of management participation and support in such programs is reinforced by four separate studies on establishing and implementing social responsibility programs (Ringle, 2002). For Arthur Anderson, establishing and implementing a program was not a simple process and required cont inued top management involvement (Friedman, 1970). Arthur Anderson stated that the stockholders deserved a reasonable return on their investments; the business had to stay competitive; and the community expected some form of support from the business. This was a balancing act that each business must evaluate for itself as a part of its total social responsibility commitment. Because many people perceived right and wrong from different angles, the objective of the company in the area of ethical and moral standards were to establish what it would and would not tolerate. Since not detecting or overlooking violations weakened the fear of punishment, a system of inspection was implemented and strict levels of punishment enforced for violation of the code. Great care was exercised in all of these areas (Ringle, 2002). Expenses for implementation and control could not get out of hand, and policing and enforcement could not be done in a way that adversely affected the attitudes or the creativity of the employees. In the area of philanthropic activity, where there was considerably more latitude of operations in how, when, where, and even if the company or division wanted to contribute money or other resources to "worthy causes," the firm deliberated about and resolved many questions prior to establishing fair and workable guidelines. When the course of action was decided upon, then detailed plans for necessary management activities were developed, such as basic tactics, sequences, and timing; organization; allocation of resources; staffing; directing and controlling; evaluation; and, if appropriate, provisions for recycling the project. The planning process was used to accomplish accounting initiatives, and any other stand-alone action with its

Macroeconomics Analysis Essay Example | Topics and Well Written Essays - 1750 words

Macroeconomics Analysis - Essay Example This is after the government incentives towards installation of solar panels as a way of reducing environmental pollution and provides a cheap source of energy. However, this project draws a great attention to the macroeconomics Analysis, its resultant outcomes and impacts to the economy. Generally, the beginning of the whole project will impact on the GDP. GDP simply refers to Gross Domestic Product, which is the monitory value of the goods and services produced within a country at a particular period of time, probably one year. The GDP comprises of the domestic consumption - the consumer spending, government spending, sum of the county’s business and the total net exports. There will be a general increase in the GDP of the country. On the introduction of the solar panel project, many industries will emerge to produce the solar panels. This will give an additional product in the list of goods produced within the country. A production of excess of the panels will also add to the country’s exports. The government, because it is its initiative to run the project, will also invest in the solar panel project. Many people will also be motivated to get the solar panels installed on their roofs, hence spending on the project. The whole project will create an expansion in the service industry. People, the likes of Cindy will specialise installation of the solar panels. The same specialists may also export their services to other countries who are importing the solar panels. The product of solar panels in substitution to the electricity among other sources of energy will come with intensive support and high demand in the local, domestic and international markets. This demand will be as a result of the product being cheap. Comparing the purchase, installation and maintenance of the solar energy among other types of energy such as generators and

The Internet and its business capabilities Essay

The Internet and its business capabilities - Essay Example As more individuals owned their own personal computers, the demand for internet access increased, which started off with simple uses such as email, typing and storing digital information (Veeramani 2000). As with all technology, internet technology began to develop at a rapid pace to accommodate concerns over speed and safety which resulted in the development of web browsers and the use of the internet for e-commerce in the 1990s (Veeramani 2000). This signalled the beginning of a new era for businesses as the new opportunities presented by the internet's e-commerce and e-business capabilities promised significant cost savings, new distribution channels and new markets. E-commerce has enabled businesses to conduct transactions over the internet as it enables instant communication and interaction, as well as providing real time access to information, products and services (Veeramani 2000, Pratt 2002). This has meant that the notion and concept of opening hours, location and customer services have been transformed. E-commerce also provides economic benefits by reducing the cost of searching and the cost of transmitting information which has led to efficiencies in transaction costs and the consolidation of supply and demand (SBA 2004). Consumers would also be provided with better information about price, quality and terms of trade. E-commerce would also expand markets and competition which would lead to lower prices and increased quality (SBA 2004). As a result of the opportunities presented by e-commerce and the technology available in this area, small businesses have been quick to capitalise on this and set up their internet presence. This was significant for small and medium sized businesses as they could compete with the larger organisation without having to invest in expensive infrastructure like building and costly marketing campaigns. Small and medium sized businesses were able to identify market niches and improve their customer search process in response to this (Pratt 2002). Printing technology is undergoing rapid advances as photochemical processes are being superseded by digital reproduction (Pratt 2002, SBA 2004), which is environmentally friendly and more cost effective in the long run, as it will eliminate need for procurement. However this new technology has got to be complimented with personnel trained in information technology as customers are now after total business solutions which include after care, image management and communication needs (Pratt 2002, SBA