Sustainable management futures Essay Example | Topics and Well Written Essays - 2250 words

Sustainable management futures - Essay Example iv) The employee involved in whistle blowing should have stumbled with credible documentary evidence that convinces observers of the correctness of the circumstance where the product brings grave harm to the public. iv) The whistle blower should have a valid reason in believing that by informing the public, the necessary corrective measures will effected. v) The situation involving death or serious body injuries should be treat as severe than non physical harm and that the whistle blower is ready to take responsibility. Loyalty and integrity: The role they play in whistle blowing Personal loyalty is steadfastness of an individual in asserting allegiance, perseverance and upholding faithfulness to others. Integrity on the other hand refers to consistency of truthfulness to ones value system and moral principles by showing this consistency in ones day to day life. Loyalty informs the power of mutual respect, being confidential and keeping promises. In some cases, loyalty can be misplac ed or blind so that it diminishes from being a virtue as harm and not good emanates. Loyalty puts the profit motive of a firm in collision with loyalty to values, beliefs and ethos. Whistle blowing is not a capricious issue as it can cause an end to organizations or a person’s existence. ... It comprises employee protection for disclosing some information including evidence of activities that are illegal or adverse to the environment.They also protects employees from employer retribution like dismissal and promotional blackmail. The victimised individuals can obtain a remedy in the courts for compensation. The prescribed persons are the registrar for data protection, executives for health and safety, environmental agency, certification officer, and trade and industry secretary of state. Is â€Å"Whistle blowing a negative or positive force within society?† Whistle blowing has been a useful force to the society since many employers have started to constitute internal processes of reporting emerging issues. There is a new desire by companies to solve problems internally before they become public. Employers would find it apprehensive when employees choose to use the Act and not the internal processes created. Though it does not force employers to come up with policie s regarding disclosures, many do not know the existence of such policies. Examining the extent the ethics of lying in business transactions Lying in most situations is indispensable. It is the only way to keep the business moving when the stocks and profits are crippling. Investors would hear none of the failures that is shouted truthfully. Robert Diamond the CEO of Barclays Group did not acknowledge the deception that the bank gave to the London Interbank Offered Rate which affected the transactions of a huge amount. They had misreported interest rates. Even the bonuses to be paid to employees were clawed back. Mr. Diamond was forced to resign. Lying is unethical and results in poor business practices as seen the case

The Effect of interest rate Liberalization on the risk of commercial Dissertation

The Effect of interest rate Liberalization on the risk of commercial banks in China - Dissertation Example The paper has discussed illustrates a mixed picture after interest rate liberalization and its associated risk on the commercial banks in China. Historically China is a strong believer in the planned economy where strict government intervention under a single party rule always has the last word regarding the policies to be prioritized and implemented. Though after the iron rule of Mao-era China has learned under Deng Xiaoping that FDI and capitalist exploitation is not the same thing but the people as well as the government are still skeptical about their nature of the operation. Over the past couple of decades, China has realized huge GDP growth through export-oriented international trade. This on one hand, strengthened the export based industries on the other weekend the indigenous industries especially those indulged in import substitution. Again amidst this prosperity, China has slipped down considering the GINI coefficient and that illustrates a rising inequality i.e. an increas ing gap between the rich and poor people. Eminent academicians hold the view that with China’s present model rich are becoming richer and poor are becoming poorer. The development is mainly urban centric and rural China is subject to stagnation and a much higher unemployment than the urban areas.... es cemented their feet under the strict rule of Mao Ze Dong who opted for self sufficiency and betterment of the common rather than external dependency and flourish of the few (Chi, 1992, pp.75-84; Buchanan, 2012, p.24). Mao believed in a closed door policy that meant isolation from the rest of the world regarding economic transaction. Though diplomatic relation with Soviet Russia along with many east European nations was encouraged but that never translated into economic exchange. During Mao’s rule the growth rate of China was stable but slow and often subject to stagnation. Though, such view has many opposing facts and evidences illustrated through literature. However after Mao’s death Deng Xiaoping became the most prominent figure in Chinese politics and soon realized the need to embrace the globalization in order to boost the Chinese economic growth. The current topic of discussion that refers to interest rate liberalization and risk to commercial banks is an import ant aspect to discuss. However, financial liberalization along with interest rate liberalization often considered by the economists as the last stage of liberalization process that have went through and met several other steps directed towards the liberalization of the economy (Chow, 2005). Welcoming FDI into an economy might be considered as the first step towards liberalization. In initial days China lacked both the legal frame work as well as their policy towards globalization was skeptic and the legal frame work governing the same was week. But the scenario started changing from mid 80’s and historically Hong Kong remained the prime source of foreign direct investment provider to China. Such investments were mainly towards labor intensive sectors and high end technological and capital intensive