Ethical And Ethical Ethics Of The International Arena Essay

Conducting ethical business in the United States can be seen as clear cut to us. Although we are a diverse nation, as U.S. citizens, most gain experience in the professional environment where ethics is explained thoroughly enough that one is able to determine what is ethical and what is unethical. When it comes to ethics in the international arena, Thomas Donaldson explained how that structure almost does not exist since ethical culture, practices and the social norm is different in each country. In the article, Donaldson debunked previous theories like cultural relativism and ethical imperialism while coming up with a guideline that can help companies proceed in understanding cultural difference while still being ethical. (Donaldson, 1996, pp. 48-52) As I read through the article, it made me remember past events that had cultural dilemma while helping me find new ways to help my ethical decision making skills. Key lessons from the article was the way Donaldson explained how there wa s no exact way to deal with foreign business practices since they differ in each country. Cultural relativism is defined as â€Å"no culture’s ethics are better than any other’s; therefore, there are no international rights or wrongs.† As cultural relativism lives by the saying â€Å"when in Rome, do as the Romans do† but it proves to be inadequate since rules and regulations differ in each country. The article states that cultural relativism is â€Å"morally blind†. (Donaldson, 1996, pp. 48-52) AnotherShow MoreRelatedThe Challenge of Ethical Behavior823 Words   |  4 PagesThe Challenge of Ethical Behavior in Other Countries The requirements of day-to-day organizational performance are so compelling that there is little time or inclination to divert attention to the moral content of organizational decision-making. Morality appears to be so obscure in nature that it lacks substantive relation to performance. An effective organizational culture should encourage ethical behavior and discourage unethical behavior. Unfortunately, ethical behavior may end up costingRead MoreEssay on Business Ethics1066 Words   |  5 PagesBusiness Ethics The statement has been made that ethics has no place in business and the implications of this statement and its inferring characteristics provide a complex issue in the operation of national and multinational corporations. Because ethical decision making is often not as profitable as choices that do not embrace ethical elements, the perspective has emerged that the nature of an effective business mindset inherently brings about unethical behavior. In order to considerRead MoreShould Selling Tickets At A Higher Price Than The Actual Cost Be Illegal?812 Words   |  4 Pagesselling tickets at a higher price than the actual cost be illegal? In my opinion, just to think that the selling tickets at a higher price than anticipated is considered unethical behavior. 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Cocoa plantations are so notorious for the use of forced child labor (and forced adult labor) that U.S. Representative Eliot Engel and Senator Tom Harkin created a protocol to end child slavery and initiate labeling for products that are produced â€Å"slave free.† A joint committee was formed and called the International Cocoa InitiativeRead More Cultural Values and Personal Ethics Paper1361 Words   |  6 PagesCultural Values and Personal Ethics Paper Personal, organizational, and cultural values are the basis of an individuals personal and professional decision-making style. These values are the key ingredients that make up our core beliefs. Values are ideas that are actions which could be right or wrong, good or bad that are the basis of human action (Tosi 2000). Personal values might also be called morality, since they reflect general expectations of any person in any society, acting in any capacityRead MoreInternational Business Morality Essay1133 Words   |  5 PagesInternational Business Morality Societys general conception of the fundamental marketplace has dramatically changed within recent years. Throughout most of history, commerce has existed primarily (and, at times, solely) in the domestic realm, only on rare occasions interacting on an international level. However, with major technological advances occurring within the past century (and even more so, during the past decade) concerning both transportation (air travel, better seafaring and largerRead MoreReconciling Ethics in the Global Market1025 Words   |  5 PagesReconciling Ethics in the Global Market Values, morals, and ethics are three interrelated concepts that influence the decisions in our personal lives. Values are usually acquired throughout childhood, based on experiences and influenced by many sources including parents, teachers, media, religious affiliations and many other factors. Morals are developed throughout a person’s life, as he or she acquires personal beliefs of right and wrong, (Walker, 2001). Ethics are standards of conduct that indicateRead MoreHuman Rights And International Relations1572 Words   |  7 PagesDower, N. (2007) ‘Human rights and International relations’, The International Journal of Human Rights, pp.86-111 Whether there is a place for Human rights in the arena of international relation has sparked an interesting debate. Whereas some contend that the arena of international relations and foreign policy is evidently interest-led, some have sort to see an increase in a global agenda that places value on human rights and ethical considerations. Nigel Dower, bringing a philosophical backgroundRead MoreEssay on Codes of Practice1513 Words   |  7 PagesEthics and values apply to our personal and professional lives. Ethics are a notion of one’s actions, which originates from ideology of an individual doing what is right not wrong. According to the dictionary ethics is the â€Å"branch of philosophy dealing with values relating to human conduct, with respect to the rightness and wrongness of certain actions and to the goodness and badness of the motives and ends of such actions.† These beliefs are amassed to help a person determine how their actions willRead MoreEssay on Manager ial Ethics1603 Words   |  7 PagesManagerial Ethics In today’s fast paced business world many managers face tough decisions when walking the thin line between what’s legal and what’s socially unacceptable. It is becoming more and more important for organisations to consider many more factors, especially ethically, other than maximising profits in order to be more competitive or even survive in today’s business arena. The first part of this essay will discuss managerial ethics[1] and the relevant concepts and theories that affect

Literary Analysis Little Miss Sunshine - 2310 Words

Peyton Miller Mr. Rosenast AP Literature and Composition, 5 15 December 2014 In literature an archetype is used as a character, image or theme that exemplifies a universal meaning or a simple human experience. For this occasion the archetype is referring to a journey. The conventional stages of the archetypal journey are departure, initiation, testing one’s ability, descending into the underworld, and then returning and reintegrating with society. One example of the archetypal journey is in the novel As I Lay Dying by William Faulkner. In the novel the Bundren family undertakes a quest from their home in Yoknapatawpha County to Jefferson in pursuance of burying their mother/ wife, Addie. Along the way this family endures numerous hurdles that they must overcome. Their journey resembles that of an archetypal journey with a departure, journey and arrival. Along with the novel As I Lay Dying by William Faulkner, the film Little Miss Sunshine shares the same archetypal pattern. The film Little Miss Sunshine is an effective contemporary int erpretation of an archetypal journey because of its events, characters and symbols that are similar to those in the novel As I Lay Dying. The motion picture Little Miss Sunshine is an effective contemporary integration of an archetypal journey because of its events. An archetypal journey in the film starts off with a departure and an initiation. Olive who has just competed in regionals was not originally the winner, however, she gets a callShow MoreRelatedLiterary Analysis Of Hawthorne s The Old Town Of Salem My Night Essay1151 Words   |  5 PagesCherry 1 Source Text Excerpt Analysis This old town of Salem-my native place, though I have dwelt much away from it, both in boyhood and mature years-possesses, or did possess, a hold on my affections, the force of which I have never realized during my seasons of actual residence. 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Disney Lucas Film Free Essays

Table of Contents Executive Summary| i| Introduction | 1| Marvel Industry Analysis| 1| Disney Industry Analysis| 3| Marvel Company Analysis| 4| SWOT Analysis| 6| Valuation| 6| Disney Company Analysis | 7| Share Price Analysis| 10| Examination of the Premium| 12| Takeover Overview, Methods and Tactics| 14| Analyst, Media and Legal Reaction| 16| Recommendation and Conclusion| 17| References| 19| Appendices| 22| , increased pressure from eBook innovation and internet piracy. As such, this industry grew an estimated 2. 50% from 2008 to 2009 and maintained a Compounded Annual Growth Rate (CAGR) of 5. We will write a custom essay sample on Disney Lucas Film or any similar topic only for you Order Now 4% from 2000-2009 (Jackson, 2011). Licensing Marvel’s second major unit of operation consist of its large licensing business. Marvel licenses the use of its various characters to gaming, movie, toy and television show producers alike. This market is primarily driven by trademark and character licensing. As of 2007, Intellectual Property (IP) licensing represented a $USD 30 Billion market in the United States (U. S. ) alone (IBISWorld Licensing, 2012). IP licensing exhibited constant growth. However, in 2008 it incurred a slight contraction of 3. 4% due to the global financial crisis. As well, from 2000-2008 it had a CAGR of 5. 09%. Further, character and trademark licensing represented more than 40. 0% of the total licensing market for 2012. The IP Licensing market is considered to be moderately aggregated with Disney acting as the industry leader (after its acquisition of Marvel) with just over 10. 50% of market share (IBISWorld Licensing, 2012). However, the industry did exhibit lacklustre performance in 2009, (down almost 10. 00%) from its 2007 high. Film Production Marvel’s final major operational segment consists of its film production operations. Generally, the industry has consistently outperformed the market (CAGR 5. 80% from 2000-2009) and as of 2009 represented a $USD 118 Billion dollar market in the U. S. (Thomson ONE, 2012). The industry is highly consolidated with the top 10 studios (Disney being in second place), representing over 70. 00% of the market. (Nash, 2012). The changing nature of consumer entertainment consumption is gradually eroding various industry segments such as DVD sales and DVD rentals. However, this has been compensated for by the adoption of other viewing alternatives like: pay per view and direct broadcast television (Thomson ONE, 2012). Moreover, have managed to impose price increases on consumers. Thus, allowing them to earn $USD 2. 5 Billion more in 2009 than in 2001 despite lower ticket sale volume for the same comparable period. (Nash, 2012). The film industry has also proven to be resistant to the economic downturns with moderate growth during the recessionary slumps of: 2001, 2008 and 2009 (Thomson ONE, 2012). ————————————————- Disney Industry Analysis Disney operates in two major segments: licensing and entertainment. These segments are similar to the ones Marvel operates in. However, Disney also incorporates theme parks into its operations, thus differing from Marvel (Disney Financial Report, 2008). It should also be noted that Disney media services go well beyond simply producing children’s shows and films. They own several studios and until 2009 owned ABC (Thomson ONE, 2012). It can be stated that, the two corporations with regards to their fictional character businesses, target distinct customer bases with respect to gender, but target similar customer bases with respect to age. Disney primarily targets oung children and teenage girls, whereas Marvel targets young adult males and teenage boys. Theme Parks Disney is the leader in the theme-park market; with all of the top 5 theme parks in the world belonging to this company. In 2009, although most theme parks experienced significant decreases in customer presence, Disney managed to actually increase attendance through appealing to local market and offering loyalty programs (AECOM, 2009). Over 18 5 Million people attended one of the top 25 theme parks in the world in 2009 (119 Million in the U. S). Attendance showed remarkable resilience in America with the top 20 parks in the U. S only losing a fraction of their attendance from their 2007 high, despite the financial crisis. (AECOM, 2009). The $USD 10. 70 Billion change significantly over the 3 year period. Net income quadrupled from 2006 to 2008 reaching an all time high of $USD 205 Million in 2008. Further, diluted earnings per share (EPS) growth exhibited similar performance, indicating no extraordinary abnormalities in executive compensation or share issuance (Marvel Annual Report, 2008). The company managed to decrease its total liabilities by over $90 Million from 2007 to 2008. As well, Marvel significantly bolstered its cash reserves from $USD 30 Million to $USD 105 Million. There was also a large increase in accounts receivable (A/R) from $USD 28. 70 Million in 2007 to over $USD 144 Million in 2008. However, given the fast growth of A/R and consistent inventory levels, this large increase warrants little concern. As well goodwill, comprises over 30% of the corporation’s assets. It must be noted that this goodwill was not accumulated via a â€Å"momentum† acquiring strategy which was adopted by Tyco (Bruner, 2005). Thus, the goodwill was accumulated in a proper manner and not for the sole purpose of continually bolstering EPS and Price-to-Earnings ratios (Marvel Annual Report, 2008). Although the debt to equity (D/E) ratio is still moderately high (1. 36), the firm did manage to significantly decrease this ratio throughout the 2007-2008 period; this was achieved by decreasing its liabilities and doubling its retained earnings. Moreover, an exorbitant $USD 251 Million cash disbursement for film inventory in 2007 contributed to the company’s significant negative cash flow for the year. if the premium paid is too high as Disney does not expect any cost-reduction or revenue-enhancement synergies from the merger (Business Insider, 2009). Moreover, analysts see the acquisition as a valuable opportunity for Disney to secure future profitable movies and contemplate the possible outcomes of movies based on Marvel’s characters combined with the animation resources of espoused by Disney and Pixar. Finally, Disney’s previous acquisition of Pixar Animation Studio was incredibly successful, both in terms of revenue generation (each Pixar movie made post merger yielded large profits) and in terms of the integration of Pixar management into the Disney family (CNBC, 2009). By incorporating over 5,000 of Marvel’s characters into Disney’s library, the media expects this merger to follow the same path and prove to be another successful acquisition story for Disney. Two days after the merger announcement, an independent blog speculated that security law had been infringed upon as a result of the deal. The report suggested that Marvel’s chief executive; Mr. Perlmutter engaged in suspicious behaviour prior to the merger. The blog stated that in February 2009, a meeting took place between the chairman of Marvel’s film division and Disney’s CEO, where they â€Å"discuss[ed] ways in which the relationship between the two companies could be extended. † Two weeks following said meeting, Mr. Perlmutter was granted 514,354 options for Marvel shares with a strike price of $USD 25. 86 per share. Three weeks later, he was granted another 750,000 options at an exercise price of $USD 23. 5 per share. The representatives of the firms met again in the beginning of June and disclosed afterwards the possibility of a merger to the other managers (Wall Street Journal, September 2009). In essence, the proximity of the dates in which Mr. Perlmutter’s was granted options renders the transaction suspicious . Although it is not unusual for Marvel’s employees to re ceive options as annual com APPENDIX A – VALUATION MODEL APPENDIX B – MARVEL 2008 ANNUAL REPORT (FINANCIALS) APPENDIX C – DISNEY 2008 ANNUAL REPORT (FINANCIALS) APPENDIX D – DISNEY 2010 ANNUAL REPORT (FINANCIALS) How to cite Disney Lucas Film, Essay examples

Authority and Rebellion in Animal Farm free essay sample

All across the world, all throughout history, there has been authority, and there has been rebellion. It is a constant cycle of controversy that has, and will continue to, have an impact on the human race. The speech presented by Samuel L. Jackson and the novel â€Å"Animal Farm† by George Orwell both display noticeable forms of authority and rebellion. They both describe the injustice being committed and in one case, attempt to gain equality with authority, whilst the other tries to overthrow it. There is always a catalyst behind rebellion. In â€Å"Animal Farm† the entire concept of revolt was only introduced after Old Major, the respected boar, gathers the animals together and compares the strenuous life that they currently live to the more appealing life they could have were Mr. Jones, their authourative figure, to be usurped. Thus, the animals’ actions were motivated purely by greed. The people mentioned in the speech and song, unlike the animals, were already aware of inequity, however it wasn’t until President Lincoln initiated â€Å"America’s long and continuing journey toward equal justice† did the people realize that equality was possible, the defiant actions performed in the aftermath were motivated by his doings. We will write a custom essay sample on Authority and Rebellion in Animal Farm or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page In both texts, after the rebellion of the oppressed, there is a shift of power. As explained in both the speech and song, equal rights are gained and the presidential position is acquired by an African-American, and in the case of â€Å"Animal Farm† the animals gain control of the farm. Authority is an unbalanced position, there is constantly those who are unsatisfied with decisions being made and wish to gain control – and when control is not readily within reach, rebellion enters the picture. Even if power is gained, it is near impossible to satisfy every audience and rebellion once again becomes an issue. In most cases, authorative figures must manipulate their populace in order to discourage rebellion. This is shown in â€Å"Animal Farm† when Napoleon uses executions in order to instigate fear within the animals. It has been proven throughout time that authority cannot exist without rebellion. It is authority and rebellion that has shaped the world into what it is today. So long as greed – whether it is in good nature or not remains a fixture in every-day life, authority and rebellion will too.