Corporate Social Responsibility And Executive Compensation...

Corporate Social Responsibility and Executive Compensation with Firm Performance Introduction The last two decades has seen a significant increase in firm’s investment on corporate social responsibilities (CSR). Jo and Harjoto (2011) propose that a social responsible firm cares about how its operating affects stakeholders, community and environment in the ways that is beyond the legal requirement. The increasing importance of CSR has raised many debates on its influence on firm’s performance, shareholder value, and whether it increase the agency costs of management and shareholders. Executive compensation serves as an important tool in corporate governance. As CSR is a long-term investment with immediate cost showed in financial report in current period and uncertain payoff in the future, the managers may be unwilling to invest in CSR, even though it benefits the shareholders and increases firm value in the long term. While executive compensation is critical in aligning the interests of shareholders and managers, the decision of CSR commitment can be influenced by the management compensation. The area of CSR and executive compensation related to firm’s financial performance has been extensively studied, however, the perspective of CSR with firm’s executive compensation has not been widely researched. This study is aimed to explore the links between the CSR and executive compensation in terms of firm performance. In this paper, the focus is on how CSR-linked executiveShow MoreRelatedCorporate Governance Of A Company1306 Words   |  6 Pagesâ€Å"Corporate governance, according to the Organisation for Economic Cooperation and Development (OECD), is ‘the system by which businesses are directed and controlled.’† (cited in Britton Waterston, 2010, p.235) Corporate governance of a company maintains the welfare of the stakeholders in an organisation. Stakeholders are people who are directly affected by the company’s actions and consequences, such as the directors, managers, employees, auditors, and shareholders. Executive compensation is anRead MoreThe Standards And Corporate Governance Guidelines Of Mattel1563 Words   |  7 PagesBoth Nasdaq director independence standards and Corporate Governance Guidelines of Mattel have strict requirements or rules to evaluate and determine whether these directors on the board are independent members in Mattel. In terms of the Nasdaq director independence rules, independent or outside directors are not allowed to participate in any material and pecuniary management activities and transactions as managers or employees. In addition, executive officers and employees who work in a listed companyRead MoreThe Modern Corporations Must Be Characterized As A Nexus Of Contracts ( Jensen And Meckling, 1976 ) Essay1703 Words   |  7 Pagesas a nexus of contracts (Jensen and Meckling, 1976). 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For almost 20 years, a growing reprise of voices—including some shareholders, the business media, policymakers, and academics—have been criticizing the way top managersRead MoreU.s. Corporate Governance System1325 Words   |  6 PagesExecutive Compensation The main objective of U.S. corporate governance system is maximization of shareholders value, thus executive compensation in U.S. are based on nature of the job performed and is linked to performance incentives such as bonuses or stock ownership. On the other hand, Japan and France corporate governance system objective lies on the mutual benefits of stakeholders, therefore their compensation is dependent on the achievements of the corporate overall objectives. Although allRead MoreRole Of A Chief Executive Officer Essay1806 Words   |  8 Pageslot of attention on the compensation paid to top business executives (Ford Zhao, 2009, p. 13). 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This philosophy was then the centred spirit of the company where the firm stressed the important relationship between the society and itself. In other word, Olympus values the society as a whole as one of the major stakeholders of the organisation. It aims to maintain a positive corporate image to the public in order to gain reputations and sales. As aRead MoreSarbanes-Oxley Act Acc 403- Auditing1443 Words   |  6 Pageschanges to the regulation of corporate governance and financial practice. The Sarbanes-Oxley Act was named after Senator Paul Sarbanes and Representative Michael Oxley, who were the main architects that set a number of non-negotiable deadlines for compliance. The organization for Economic Cooperation and Development was one of the first non- government organizations to spell out the principles that should govern the corporate and issued the OECD Principles of Corporate Governance. The Sarbanes Oxley

Business Plan - 1207 Words

Fast ‘n Fresh Premium Ice Cream Parlor 858 Success Avenue Jacksonville, FL 32211 904-555-1212(T)- 904-555-1211(F) Fast ‘n Fresh Ice Cream Fast ‘n Fresh- - good for you! Prepared By Daniel Beese Submitted To: Jacksonville National Bank 2461 Money avenue Jacksonville, FL 32224 Statement of Purpose The purpose of this business plan is to support a request for a 75,000 five-year bank loan to purchase equipment and inventory as part of the financing for a start-up sole proprietorship, Fast ‘n Fresh Premiun Ice Cream Parlor. The business will be owned by Daniel W. Beese and will be located in leased space at 858 Success Ave in the new Riverside Faire shopping center, Jacksonville, FL 32211. The owner will†¦show more content†¦They do not sell sandwiches. The next competitor is La Petite Cafe. La Petite is another ice cream parlor, located one block over on Pine Avenue. Despite its upscale name La petite only serves the low grade ice cream, unlike Fast ‘n Fresh which only serves premium. They sell shakes and no sandwiches. They also only sell sugar cones which might be a liability for their business. Teh last local competitor is Superior Flavors. Superior Flavors is a major national chain with four locations in Jacksonville, FL. The closest Superior Flavors is four miles away . Superior Flavors is well known for their creative yogurt and ice cream flavors. Their products are priced moderately and they do not serve sandwiches. Superior Flavors has a competitive advantage with its name recognition. Fast ‘n Fresh has a advantage beacuse it offers sandwiches. Personnel The business will operate using local University, Community College, and high school students as its principle employees. This will reflect a youthful, invigorating image consistent with its Fast ‘n Fresh -- good for you! slogan. The manager will be an experienced person from one of the owners other businesses. A special employee benefit will be Fast ‘n Fresh Premium Ice Cream Parlor scholarships covering tuition and books. This offer will only be good after employees complete the ninety day probation period. The majority of the employees will be part time with a full timeShow MoreRelatedBusiness Plan For A Business Essay1708 Words   |  7 Pagesbrand-new business, expand an existing company, or get financing for a business venture, you will need to write a business plan. A business plan not only lends your business a sense of credibility, but also helps you to cover all your bases, increasing your chances of success. Although writing a business plan can be a lengthy, intimidating project, it is not necessarily difficult. Here is an overview of how to write a successful business plan. 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A business plan is what is needed to get your business off the ground and to attract potential investors. A business plan is way to show that you are in the business to make money. Introduce the company and the product/service idea for the new venture. Triple S Night Club is a new companyRead MoreBusiness Plan For An Casual Dining Mexican Restaurant1804 Words   |  8 PagesThe critical analysis essay is based on the business plan of an upcoming casual dining Mexican restaurant in an upmarket locality of Benowa Gardens, Gold Coast, Queensland. The restaurant is called Burrito Bar, which specialises in modern Mexican food along with alcoholic drinks and operates on a franchising model. The business plan was made by one Mr.Paddu for the purpose of procuring a bank loan/private funding to kick-start the project. The business plan follows the general format used in the restaurant/hospitalityRead MoreRenee Business Plan5082 Words   |  21 PagesBusiness Plan for a Startup Business The business plan consists of a narrative and several financial worksheets. The narrative template is the body of the business plan. It contains more than 150 questions divided into several sections. Work through the sections in any order that you want, except for the Executive Summary, which should be done last. Skip any questions that do not apply to your type of business. When you are finished writing your first draft, you’ll have a collection of small essaysRead MoreBusiness Plan For A Business1546 Words   |  7 Pagesenterprise, especially a business, usually with considerable initiative or risk†. They are usually characterized as people with greatly valued self-reliance, with high optimism and people who who strive for distinction through excellence. I am interested in starting my own basketball business and becoming an entrepreneur. In order to start a business I need a business plan. From research, I have learned that my business plan needs to have an executive summary, identification of my business, financial recordsRead MoreBusiness Plan For A Business840 Words   |  4 Pagesâ€Å"Business plans are statement of a business goals, reason they are attainable and plans on meeting it’ (FoxBuisness, 2013). A business plan maps the course and gives a detail plan on how these goals are achievable. It is also important to establish a solid business plan for funding. Some small business use venture capital, bank loans, personal funds, and private investors as sources of funding. The business plan must therefore, sell investors. A well-written convincing business plan can buy investorsRead MoreBusiness Plan1439 Words   |  6 PagesBusiness Plan What is Blueberry Nights? Type: bar and restaurant for young people Category: II. class Service method: plate service Menu type: A’la Carte Opening hours: Sunday to Wednesday 10:00-22:00 Thursday to Saturday 13:00-05:00 No day off Target market: students, tourists and residents Location: Budapest, Margit kà ¶rà ºt Few steps from Margaret Island Easy to reach by tram Seating capacity: 120 (80+40) 1st floor: kitchen area, 80 seated restaurant, bar, armchairsRead Morebusiness plan5494 Words   |  22 Pagesbecause we as a young generation that want to open new shop sold the â€Å"Keropok Leko†. OBJECTIVE OF THE ORGANIZATION Every business opportunity begins with the existence of various customers needs and wants for particular product or service. A need is something that is basic in life such as food, clothes and shelter. Therefore, our companies take these advantages and venture a business based on food industries. Our main activity is to manufacture keropok lekor that is made from fish paste, flour, and saltsRead MoreBusiness Plan For A Business1866 Words   |  8 Pages Business Plan Buiness model in theory and practice according to Wikipedia is used for a broad range of informal and forma l descriptions to represent the core aspects of a business, including the purposes of that business, its process, target customers, of ferings, strategies , infrastructure, organizational structures, trading practice, and operational processes and policies . Below, we would look at two kinds of business model (franchise and tradition al business) , their pros and cons, o r their

StayTogether Report Samples for Students †MyAssignmenthelp.com

Question: Discuss about the StayTogether Hotel Chain Business Report. Answer: Introduction The number of business organizations and firms present globally is very high. The firms that maintain the pace with the technological changes can only win the race of the huge competition that is prevailing in the present times. Hotel industry has also been affected by these changes and as a result there has been a decision taken by ten hotels. They have decided to work and function as a single unit and have launched their initiative by the name of StayTogether. Market demands that were being expected by the individual hotels were not being met because of the increase in competition. The decision to act and function as one unit was therefore taken to lower down the market pressures. The document has been written in the form of a business report for StayTogether to highlight some of the issues and suggestions related with the business. Management Decisions Customer relationship and customer engagement will be given the topmost priority and therefore a programme will be designed and created so that the customers that are regular are provided with added benefits and schemes (Orlitzky, 2015). The charges that will be applied on the customers on the rooms that they book will be inclusive of the breakfast and dinner facilities. The hotel chain will also benefit as a result (McBurney, 2015). Assumptions There are no pending contractual terms and agreements that are required to be discussed and designed and all the decisions on the services that will be covered have been taken already. A single web site which will be used for the purpose of hotel booking has been tested and there are no bugs present in the site. Ten hotels will be sharing the profits related with StayTogether and the final decision on the percentage has been made and circulated to all (Popp, 2017). The management has designed and circulated the budget that will be used and followed during the activities of the project. The management has designed and circulated the schedule that will be used and followed during the activities of the project. Project team members have been provided with the roles and responsibilities that they will fulfill and they have the adequate skills to carry out these responsibilities. Difference between IT and IS Issues Information Technology (IT) is an important concept that is used and is present in the current times. Another important term that is equally important and is in use is the Information System (IS). The components and meaning of IT and IS is different from each other but these terms are believed to have the same meaning. Information System (IS) is defined as the term that deals with the attributes and properties of the information as its quality and the availability for the users and customers. Information is the asset that is used, exchanged and modified in the organizations. As a result, there are many processes and operations that are executed on the information, for example, information storage in the database, information processing and management of the information. The issues that come up and are observed in these operations and tasks are termed as the issues that are related with IS. Problems and loopholes in the information architecture in terms of the communication is also included in this category (El-Awad, 2017). Information Technology (IT) revolves and associates with the technical details and infrastructure that is developed. Presence of technologies in the business organizations and industries such as StayTogether hotel chain is no less. Technologies also keep on evolving and changing that leads to the creation of some other technical background and there are specific issues that emerge with each one of them. There are issues around compatibility that are seen between one technical component and the other (Bruni, 2014). IS Issues and their Impact on Customers The web site for StayTogether will lead to the emergence of many of the IS related issues. Confidentiality Attacks StayTogether will be comprised of the customers, staff members, management resources, suppliers etc. The access to the site will be given to many users from any of these groups and categories. It may bring in the attack related with the breaching of information. The information may be handled incorrectly and inadequately which may affect confidentiality of the same. Integrity Attacks Because of providing the access to so many users and entities, the malicious users may modify the contents in one of the information copies. Because of this the overall integrity of the information may be violated. There may be alterations made that are not required or asked for (Chasserio, 2014). Availability Attacks The web site may suffer longer period of downtime because of the attacks that are targeted on its availability. The occurrence of many security attacks in a frequent manner will impact the performance of the site and the users will be dissatisfied as a result. Also, it will be required that the entities that are involved are integrated and there is an exchange of information that is present between these entities. It will make sure that none of the conflicts and problems come up. In absence of the same, there will be many issues. The various issues related with IS have been listed and explained above. These issues may have low impact, medium impact or may also have extremely severe impact as well. The customers will feel cheated as they will not understand the reason for the attack or the owner of the attack. They will soon get disengaged with the hotel chain and will join hands with some other chain in the area or the region. This will lead to many losses and it will become very difficult to rise and maintain the same position in the market all over again as the competition will only increase in the times to come. IT Issues and their Impacts on Customers StayTogether will have many tools and technical components that will be used in the functioning of the hotel chain. There will be a lot of technical equipment that will be used and many of the automated packages will also be installed. Failure in the functioning of any of the tools or package will cause a lot of trouble as there may or may not be alternatives available for the same (Antunes, 2014). These tools and technical components that have been listed and described above will have to be closely in contact with each other. Technical integration will be necessary so that there are no performance issues and the components work together as a single unit. Absence of such ability will also cause many risks and threats (Secundo, 2017). These IT issues may have low impact, medium impact or may also have extremely severe impact as well. The customers will feel cheated as they will not understand the reason for the attack or the owner of the attack. They will soon get disengaged with the hotel chain and will join hands with some other chain in the area or the region. This will lead to many losses and it will become very difficult to rise and maintain the same position in the market all over again as the competition will only increase in the times to come (Fengel, 2014). Strategies to Attract New Customers StayTogether is a hotel chain that is present and has been set up in the times when the competition between the organizations is very high. There cannot be activities that may be followed wherein one strategy or policy is created and the same is followed for the entire lifetime. It will be necessary to explore new vistas so that more customers join in and get engaged with the hotel chain. There may be certain users that may have already experienced the services of the hotel group. However, there may be many who may be new to the hotel group. To attract this category of the customers, offers shall be announced in terms of deals and discounts. Best way present in the current times to reach the customers is the social media networks and accounts. StayTogether shall make use of the same and there shall be a specialized team that shall be deployed that will have the responsibility to create strategies around social media marketing and shall also handled the various accounts created for the organization on these platforms. It will allow the users to be aware about the offers made by the hotel chain. Market and the trends that exist in the market are changing at an extremely rapid pace. It is not advisable that there are specific intervals wherein the market analysis is carried out. However, it shall be done frequently and at a non-stop basis. The use of BI tools shall be done so that the real-time information is always available (Wamba, 2017). Gone are the times when the customers used to visit the booking counters to book their tickets and pay for the same. The present era is the era of digitalization in which e-cash and e-payments are used. StayTogether shall also allow its customers to make use of electronic payments and there shall be security information that shall also be posted on the site so that the customers are assured that their payment is going in the safe hands. Variety of payment options shall be integrated in to the web site for the hotel chain. Use of technology shall not be restricted only in the development and deployment of the web site for StayTogether. However, it shall be used in maintaining the customer relationship as well. There shall be automated emails that shall be sent to the customers as soon as the new offer is launched and the alerts shall also be circulated on the registered mobile numbers (Brocke, 2014). The customers shall also be provided with benefits if they refer the site and its services to other customer. New Business Opportunities Market in the present times is an endless platform that is filled with a lot many opportunities and abilities. It is required that the opportunities that are available are explored and analyzed so that the strategies may be created to gain advantages out of them. Some of the opportunities that StayTogether may explore and work in to are listed below. The users and the customers that will be making use of StayTogether and its website and the services for booking the hotel will also be interested in the other offering of the city that they are going to visit. StayTogether shall therefore partner with the tour agencies so that the required and demanded guidance may be provided to the customers. Also, there will be many customers that will want a mode of transport ready as soon as they visit the city. The same shall be arranged by the hotel group and there shall be charges that shall be applied on the mode of transport that is selected by the customer (Giudice, 2016). There are various technologies that have been created which may be used for exploring the business opportunities. The technologies that come under the umbrella of BI shall be used to understand the basic user patterns and choices so that the required and desired preferences are understood and the efforts are directed in that area only. Customers will feel engaged and connected with StayTogether when they are frequently provided with the latest updates and alerts (Ferretti, 2016). These updates shall not be so frequent that the customers may start to feel irritated because of the same but however the important information along with the offers shall be made aware to the customers. There are many changes and transformations that are happening and are taking place at each step. These changes and transformations have led to the change in the process through which the business is carried out. StayTogether will be required to make a dynamic and regular pace with these changes so that the organization is always a front runner in the race of competition between the similar agencies and organizations. Conclusion Ten hotels have decided to work and function as a single unit and have launched their initiative by the name of StayTogether. Market demands that were being expected by the individual hotels were not being met because of the increase in competition. The decision to act and function as one unit was therefore taken to lower down the market pressures. There are many of the information technology and information system issues that are related with the organization. These issues may have low impact, medium impact or may also have extremely severe impact as well. The customers will feel cheated as they will not understand the reason for the attack or the owner of the attack. They will soon get disengaged with the hotel chain and will join hands with some other chain in the area or the region. This will lead to many losses and it will become very difficult to rise and maintain the same position in the market all over again as the competition will only increase in the times to come. These is sues shall be tactfully handled and there shall be strategies that may be developed to make sure that the new customers and existing customers connect and engage with the hotel chain. It shall also look for the new opportunities that are present in the business area. References Antunes, A. (2014). MUVE IT: reduce the friction in business processes, 20(4), 571-597. https://dx.doi.org/10.1108/BPMJ-07-2013-0093 Brocke, J. (2014). Ten principles of good business process management, 20(4), 530-548. https://dx.doi.org/10.1108/BPMJ-06-2013-0074 Bruni, A. (2014). Entrepreneuring together: his and her stories. International Journal Of Entrepreneurial Behavior Research, 20(2), 108-127. https://dx.doi.org/10.1108/IJEBR-12-2011-0187 Chasserio, S. (2014). When entrepreneurial identity meets multiple social identities: Interplays and identity work of women entrepreneurs, 20(2), 128-154. https://dx.doi.org/10.1108/IJEBR-11-2011-0157 El-Awad, Z. (2017). Entrepreneurial learning and innovation: The critical role of team-level learning for the evolution of innovation capabilities in technology-based ventures, 23(3), 381-405. https://dx.doi.org/10.1108/IJEBR-06-2016-0177 Fengel, J. (2014). Semantic technologies for aligning heterogeneous business process models, 20(4), 549-570. https://dx.doi.org/10.1108/BPMJ-07-2013-0085 Ferretti, M. (2016). Internet of Things and business processes redesign in seaports: The case of Hamburg, 22(2). https://dx.doi.org/10.1108/BPMJ-05-2015-0079 Giudice, M. (2016). Discovering the Internet of Things (IoT) within the business process management: A literature review on technological revitalization, 22(2), 263-270. https://dx.doi.org/10.1108/BPMJ-12-2015-0173 McBurney, P. (2015). The Knowledge Engineering Review. Retrieved from https://www-cambridge-org.ezproxy.csu.edu.au/core/journals/knowledge-engineering-review Orlitzky, M. (2015). The politics of corporate social responsibility or: why Milton Friedman has been right all along, 1(1), 5-29. https://dx.doi.org/10.1108/ASR-06-2015-0004 Popp, A. (2017). Enterprise Society. Retrieved from https://www-cambridge-org.ezproxy.csu.edu.au/core/journals/enterprise-and-society Secundo, G. (2017). Entrepreneurial learning dynamics in knowledge-intensive enterprises, 23(3), 366-380. https://dx.doi.org/10.1108/IJEBR-01-2017-0020 Wamba, S. (2017). Big data analytics and business process innovation. Business Process Management, 23(3). https://dx.doi.org/10.1108/BPMJ-02-2017-0046

The Effects of Intellectual Revolution in US

Introduction Ever since the agrarian, industrial and scientific revolution, the world has been experiencing a lot of changes that have affected the lifestyles, cultures and beliefs of every society in the world. It is due to these changes that people started to fight for human rights, democracy, equality and so on.Advertising We will write a custom essay sample on The Effects of Intellectual Revolution in US specifically for you for only $16.05 $11/page Learn More Ever since its early days of establishment, USA has been known to be a nation that contains intellectual and rational individuals. These individuals conatin the knowledge and skills required to make a great nation. As a result, the nation has been renowned for its excellence. The main basis of this excellence has been the sustainable education system of the country coupled with favourable social structures that aimed at developing the cognitive capacity of individuals to a great level. However, with the rapid advancement in technology that has been experienced in the last few decades, the level of rationalism and intellectuality of the people of the United States has become questionable. Is the country losing its intellectual and rational ways? This is the question that many people keep on asking themselves. Some believe that the citizens of the country have become ignorant while others believe that the country is in the middle of a literacy revolution. These claims have come about due to the changes that are being experienced in the print and visual media. Initially, people used to utilize a lot of print materials. Students used to read poems, books, novels, journals and so on within and outside the class. This trend has however changed and now individuals are doing more of watching than reading. At the same time, the internet, especially the social media has changed the manner in which individuals interact, think and write. Due to this fact, a study should be conducted to determine the effects of this advancement of the intellectual capacity of the nation. This essay therefore explores the effects of these developments on the intellectual and rationality capacity of individuals of the United States. Ignorance or New Literacy Severalarguments have been raised pertaining to whether Americans are becoming ignorant to literacy or they are undergoing a great revolution. Several scholars have come up with their theories and opinions pertaining the issue. In her book, The Age of American Unreason, Susan Jocoby states that Americans have changed the manner in which they think and perceive things (Jacoby 1). According to her, much of the problems that the nation is facing have been due to the ignorance that has risen from the public. This ignorance has come about due to the changes in that the society is experiencing. There has been a rapid decline in the use of print media by the public for the last three or so decades (Jacoby 5).Advertising Looking for essay on education? Let's see if we can help you! Get your first paper with 15% OFF Learn More People are not reading as much as they used to back in the day. Instead, the spend much of their time watching television, playing video games and surfing the internet. The number of 17 year olds who read nothing other than their course material has doubled between 1984 and 2004 (Jacoby 6). Due to this fact therefore, these individuals do not have the relevant knowledge and skills that are required to build and sustain a great nation. Susan therefore blames technology for the problems that the nation is currently facing. On the other hand, Thompson and McKean believe that the nation is undergoing an intellectual revolution. According to them, the intensity of this change is so great that it will result to the creation of more rational and intellectual individuals that the nation had never had before. All this can be attributed to the introduction of new technology. Through the use of the internet and social media, individuals have had the chance to read and write about a lot of issues (Thompson 3). This has in turn developed them into great writers. At the same time, social media and networks such as tweeter and facebook has given them a chance to easily associate and socialize with one another. This has made it easier for them to share information and ideas. These changes have thus made them understand life in a better perspective by being able to define the problem and come up with solutions (McKean 5). Personally, I tend to believe that technology has increased the thinking capacity of individuals. It has enable people to view issues from a different perspective. At the same time, the flow of information and ideas is much easier. People are now exposed to a lot of things than before. This has made them to be more intellectual and rational individuals. The state should therefore put much emphasis on the use of technology. A lot of studies and research should therefore be conducted to ensure that technology is used in a way that will bring about positive change to the people of the United States. Conclusion An intellectual revolution is going on in the United States. This change aims at producing rational individuals who are more learned and ready to face the challenges of life. This change has resulted to a decline in the utilization of print media and an increase in the use of visual media. The nation is therefore not suffering from any intellectual problem. Works Cited Jacoby, Susan. How Dumb can we Get? Incurable-Insomniatic. Web.Advertising We will write a custom essay sample on The Effects of Intellectual Revolution in US specifically for you for only $16.05 $11/page Learn More McKean, Erin. Redefining Definitions. NYTimes.com. Web. Thompson, Clive. The New Literacy. Wired Magazine. Web. This essay on The Effects of Intellectual Revolution in US was written and submitted by user Elliott Lynn to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.