The problem to be investigated is ethical challenges and grey areas within business processes that are exploited by businesses for financial gain. Goldman Sachs has used the layering strategy to expand its business and exponentially increase its profit by deceit. …
According to the study, Kantian ethical theory is implicit in its universalism and proposes that one must act in a manner that one would expect others to act towards oneself. Goldman Sachs had used underhand techniques to deliberately increase the price of shares and then float the same share into the market to profit. Hence, Goldman was highly unethical and exploited the trust of the public to gain profits. It is an agreement between the client and the firm whereby the client or buyer promises to buy the shares of IPO at a higher price above the initial one so that its market shares are guaranteed to increase. This is a scam between the underwriter for the IPO and the favored client to make money at the cost of general public. Goldman Sachs has been responsible for committing this crime with the deliberate intention of fraud. Not only has the company violated the trust and confidentiality of other clients but also its irresponsible and fraudulent behavior has resulted in the bankruptcy of the new firm whose IPO was floated. A prime example is eToys, which had gone bankrupt. Hosmer asserts that business decisions need to be constructed on the basis of economic considerations, ethical values and moral obligations to its various stakeholders. Goldman’s sole purpose was to make profit and benefit few clients thereby harming the interests of its other clients and public in general. Hence, its conduct and business practice was hugely unethical. Collateralized debt obligations are financial instruments that are mortgage backed and, therefore, attractive to clients. The short sale and maintaining short subprime position considerably benefits the firm. In 2008, Goldman became a bank holding company. Though the company was brought under the regulation of Federal Reserve Bank, it also obtained easy access to funds from Federal Reserve at zero percent interest and no time limit. It started recommending CDO to its clients. ...
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The traditional business systems have been running on into organizations for centuries on their cumbersome manual strata. The advent of information and communications technology and its embedding into organizational environments in the form of inevitable business systems has revolutionized business processes.
Goldman Sachs has used the layering strategy to expand its business and exponentially increase its profit by deceit. The layering strategy mainly refers to the business process whereby a firm floats a new company and buys 90% of its share from secondary market in order to inflate its market value.
Wal-Mart Store, Inc. is a multinational company which was founded in the year 1945 and is headquartered at Bentonville Arkansas, United States (Yahoo Finance, n.d.). It is a publicly listed company and its shares are traded in the New York Stock Exchange (NYSE) with the ticker symbol “WMT”.
It is highly based on four aspects, namely product, price, place and promotion which are also known as distribution (Silvestro & Johnson, 2001). There are general sets of directions which are meant to facilitate achievement of an objective. In the process of growth in a company, different people are assigned different areas of activity, which require varied styles and knowledge to apply.
le influence on the operations of any business imbibing the aspects related to customers’ perceptions and their level of satisfaction as quite crucial determinants of the overall organisational success. It is believed that customers are the king in business and they are ultimately responsible for shaping the performance of the business in a both direct and indirect manner having considerable influence on the applied strategic measures.
The company’s stocks were first traded at NYSE on August 25, 1972 (Wal-Mart, 2012a). Wall-Mart is engaged in the business of operating retail stores of various formats in different parts of the world. Wal-Mart operates restaurants, retail stores, supermarkets,
esource planning) system and internet, technology has dramatically transformed the process, where both services and manufacturing operations are managed and designed (Brown, et al., 2005).
Technology should be considered as a tool and not a solution by itself as it can be
re is a clear vision the associates fairly compensated for their level of efforts or customers’ goals are met, an organization will be able to improve its manufacturing or distributing operations. In this context, there is a need to pay attention to such keys of operations
ing literature in a range of subject disciplines often takes the perspective of performance that is depended on consistency in time regarding financial measures, returns on business assets as wellas profitability in relation to the kind of performance exhibited by other
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