Monday, December 30, 2019

Discuss The 11 Common Areas Of Intercultural Misunderstanding

Case Study Analysis: Discuss the 11 Common Areas of Intercultural Misunderstanding Mirlande Jean-Pierre Davenport University MGMT 535 – Spring 1 2015 Dr. Beverly Pierce June 20, 2015) Abstract Nowadays, many companies have prompted business establishments to expand its network across cultures so that they can keep up being culturally competence in the internal business world (Vennapoosa, C., 2012, July). The importance of cross-cultural competence skill is becoming progressively important for many worldwide companies. In order to competitively succeed in the global marketplace, managers and professionals need to possess cross-cultural sensitivity awareness around the world in which they plan to conduct business†¦show more content†¦She wanted to find half a dozen enthusiastic Japanese representatives to market a line of pharmaceuticals in Japan. After completing ten interviews, Margaret was dumfounded. Not one applicant spoke up in a direct, forceful manner, in spite of his or her stellar academic record and recommendations. Not one met her eye-to-eye for very long. None seemed confortable speaking openly and frankly about accomplishments and aspirations. Margaret reported her discouraging interview results to the Vice President of Asian Market for the drug company- only to endure the most embarrassing lecture of her life. To speak up, she learned from the Vice president, can be taken as impertinence, especially if one emphasizes personal accomplishments. To meet the eyes in the business situations is, in many Asian cultures, an indication of disrespect or even hostility† (Bell, A.H. Smith, D.M., 2010). In this scenario, Margaret Owens could have prevented this uncomfortable moment with her Vice President, if only she was culturally sensitive and knowledgeable about the Asian culture. Also, she could have got the right team for her drug company. Recapping and analyzing the relevant facts Margaret Owens was looking for enthusiastic Japanese representatives for a drug company in Japan. After conducting about ten interviews, she felt like not one of these interviewees wasShow MoreRelatedEssay on Case Study1146 Words   |  5 Pagesyour interview. The main reason is because you never want to offend anyone nor do you want to be disrespectful without actually meaning it. If you want a good turnout especially in a business setting always see whom your audience is. Some common areas of intercultural misinterpretations are female-male interaction, respectfulness, attire, and language. Keywords: interview, respect, Japan, persuasion, taboos In scenario number two, Margaret Owens is getting ready to conduct interviews in orderRead MoreWorking in International Teams Essay3417 Words   |  14 Pages 2. Effectiveness of the team work†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..5 2. Leadership†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.6 3. Motivation in intercultural teams†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦...7 1. Practices and theories of motivation†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..7 2. Successful motivation in multicultural team†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..8 4. Miscommunication in an international team†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦...9 4. Conclusion†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..11 5. References†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦...12 1. Executive Summary This report provides an analysis onRead MoreImplications of Cultural Communication in Business13955 Words   |  56 Pagesdifferent cultural backgrounds often connected to an individual approach to cross-cultural communication. A great emphasis was placed on the language being one of the biggest communication challenges facing SMEs in international arena. Finally, misunderstandings occurring due to communication through technological devices were discussed. Key words: Cross-cultural communication, SME, communication barriers, international management, business communication, cultural dimensions, cultural differencesRead MoreAn Introduction to Intercultural Communication29172 Words   |  117 PagesIntroduction to Intercultural Communication Intercultural communication is of importance to international businesses as it examines how people from different cultures, beliefs and religions come together to work and communicate with each other. Demands for intercultural communication skills are increasing as more and more businesses go global or international. They realize that there are barriers and limitations when entering a foreign territory. Without the help of intercultural communicationRead MoreIntercultural Communication of American Tv Series in China6643 Words   |  27 Pages 2013 æÅ"ˆæâ€" ¥ Contents 摘è ¦ Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦...â… ° Abstract†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..â… ± â…  . Introduction†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. â… ¡. The intercultural communication theory 2.1 The definition of the intercultural communication 2.2 The way of intercultural communication â… ¢. The reasons why American TV series are popular in China†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 3.1 The communication of American TV series in China 3.1.1 The background information of TV series †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 3.1.2 The historyRead MoreThe Influence of Movies and Tv Series on Cultural Stereotypes7562 Words   |  31 Pages3Characteristics of Cultural Stereotype 2 2.3.1 inevitability and University of Cultural Stereotype 2 2.3.2 Stability of Cultural Stereotype 3 2.3.3 Changeability of Cultural stereotype 4 2.4Effects of Cultural stereotype in Intercultural Communication 4 2.4.1 Negative impacts of Cultural stereotype 5 2.4.2 Positive impacts of Cultural stereotype 6 2.5Formation of Cultural Stereotype 6 Chapter III. Mass media, especially movies and TV series, and cultural stereotypesRead MoreCommunication as a Cross-Cultural Challenge for International Management18350 Words   |  74 Pagespossibilities across boarders, therefore the highly international, dynamic and quick communication based fast-fashion industry becomes an interesting object when studying crosscultural communication. Moreover, this research will investigate which specific areas of business communication that creates the greatest challenges for international managers within the fastfashion corporation Gina Tricot’s cross-cultural operations. Our secondary sources are mainly based on previous models and guidelines for effectiveRead MoreThe Importance of Teaching Culture in the Foreign Language Classroom9379 Words   |  38 Pagesin placing emphasis on the former, to the detriment of the latter. As Buttjes (1990: 55-56) notes, ‘language teachers need to go beyond monitoring linguistic production in th e classroom and become aware of the complex and numerous processes of intercultural mediation that any foreign language learner undergoes†¦Ã¢â‚¬â„¢. To hark back to the relationship between language and culture; Samovar, Porter, amp; Jain (1981: 24) observe: Culture and communication are inseparable because culture not only dictatesRead MoreJapan American Case International Business Negotiations Joint Venture7510 Words   |  31 Pagesagreements 10 3.4 Factors of success 11 3.5 Lessons drawn from the case 12 4. Our intercultural team work 13 4.1 Our team work process 15 4.2 Presentation Performance†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.15 4.3 Individual Assessments .†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..†¦Ã¢â‚¬ ¦.16 5. Bibliography 18 6. Appendix: Additional information on the Motorola-Toshiba Joint Venture 1987 19 7. Powerpoint Slides 21 Introduction „The idea of a corporate global village where a common culture of management unifies the practiceRead MoreDependent Clause and Answer15277 Words   |  62 Pagesâ€Å"buffer,† and what function does it serve in negative messages? ANSWER: A buffer is a neutral, noncontroversial statement that is closely related to the point of the message. In negative messages using the indirect approach, the buffer establishes common ground with your reader. 92. Explain how an effective buffer differs from one that is poorly written. ANSWER: A poorly written buffer might trivialize the reader’s concerns, divert attention from the problem, or mislead the reader into thinking

Sunday, December 22, 2019

Copernicus Essay - 1578 Words

Copernicus has been named one of the most influential people this millennia by Time Magazine; in part for his movements in though during the scientific revolution; creating a basis for modern astronomy and challenging the Church (of the 15th century) to lead the way to a reform in thinking. He did so by disproving (mathematically) a theory of the heavens that had existed for almost 14 centuries, established by a man named Charles Ptolemy in 250 AD. Copernicus revolutionized astronomy by creating a solid basis for it to stand on, discovering that quot;The Earth was not the centre of the cosmos, but rather one celestial body among many, as it became subject to mathematical description.quot; He compiled a manuscript of his theories,†¦show more content†¦Any students who had heard his lectures or read his theories were immediately fascinated and learned to follow his research. Copernicus wrote De revoltionibus in six sections, as a mathematical reinterpretation of the Ptolemaic System. In the first section, he gave some basic mathematical rules, countering old arguments about the fixity of the Earth, and discussed the order of the planets from the sun. He could no longer accept the old arrangement - Earth, Moon, Mercury, Venus, Sun, Mars, Jupiter, and Saturn - since this had been a consequence of a geocentric system. He found it necessary to adapt it to his heliocentric system and adopted the following order from the stationary Sun: Mercury, Venus, Earth with the Moon orbiting around it, Mars, Jupiter, and Saturn.Not only was Copernicus correct in his theories, but many of his observations and notions about the functions of our heavens still hold true today. The Copernican theory demanded two important changes in outlook. The first had to with the apparent size of the universe. The stars always appeared fixed in precisely the same position, but if the Earth orbited around the Sun, they should display a small periodic change. Copernicus explained that the star was far too distant for the change to be detected. His theory thus led to the belief in a much larger universe than previously conceived and, in England, where the theory was openly accepted with enthusiasm, to the idea of anShow MoreRelatedThe Contributions Of Nicholas Copernicus1684 Words   |  7 PagesToday Nicholas Copernicus is commonly known as the Father of Modern Astronomy. Over his lifetime he made many amazing contributions to the world of science. His love for astronomy first began when he was attending a university and from there it only grew. In his time some of his ideas were considered absurd, some were even frowned upon by the church. Though some of his theories were proven untrue, they have led to further study and new ideas of the astronomical world and have highly impacted theRead More Copernicus Essay597 Words   |  3 Pages Nicolas Copernicus Nicolas Copernicus 1473-1543 Physics February 8, 2000 Nicolas Copernicus Nicolas Copernicus 1473-1543 Copernicus was born in Poland in 1473, he started his education at Cracow University. There he studied mathematics and optics. From here he went to Italy, where he was appointed as a canon in the cathedral of Frauenburg, where he spent a comfortable academic life studding. Copernicus had some small hobbies while at the cathedral, he painted, and frequently translated Greek poetryRead MoreEssay on Nicolai Copernicus1208 Words   |  5 PagesNicolaus Copernicus Have you ever wondered who discovered that the sun is the center of our universe? If so, the answer is Nicolai Copernicus. This man was a well-respected as well as well educated man. He explored many different subjects including mathematics, medicine, canon law, and his favorite astronomy. The Earth-centered universe of Aristotle and Ptolemy were Western thinking for almost 2000 years until the 16th century when Copernicus proposed his theory. Copernicus was born on FebruaryRead MoreThe Astronomer, Nicolaus Copernicus1026 Words   |  4 Pagespeople who thought differently. One of those people, was Nicolaus Copernicus. Nicolaus Copernicus came into the world on February 19th, 1473 in Torun, Poland. He was the fourth and youngest child born to Nicolaus Copernicus Sr. and Barbara Watzenrode, an affluent copper merchant family. When Copernicus was 10 years of age, his father died. His mother’s brother, Bishop of Varmia Lucas Watzenrode, took the place as a father figure. Copernicus attended the University of Cracow in 1491. He studied many subjectsRead More The Scientific Revolution: Copernicus and Galileo Essay1067 Words   |  5 PagesThe Scientific Revolution: Copernicus and Galileo The scientific revolution brought on new and important change. People began to see things extremely differently. Up to this point religion had been an issue of pure faith. A person could not use any empirically based data or reason to justify or develop ideas on religion. People who contradicted the church were considered heretics and were punished. At this time, people believed in the universe that Ptolemy had theorized: that the earth wasRead MoreCopernicus : A Renaissance Mathematician And Astronomer942 Words   |  4 PagesCopernicus Nicolaus Copernicus was a renaissance mathematician and astronomer. Born on February 19th 1473 in Torun, Poland. The youngest child born to Nicolaus Copernicus Sr. and Barbara Watzenrode. When Copernicus was 10 years of age, his father passed away. His uncle Lucas Watzenrode took up the parental role to ensure that Copernicus would get the best education possible for him. ` In 1491, Copernicus entered the University of Cracow, where he studied painting and mathematics. Although CopernicusRead MoreCopernicus And Galileo : The Heavenly Bodies1087 Words   |  5 PagesDanielle Amar Brooklyn College History 3005 Prof. Tunney 10/24/17 Copernicus and Galileo The chosen sources are considerably based on Copernicus and Galileo which further reflects the comparison and contrast between both the well-known personalities. However, the first selected source is Dedication of the Revolutions of the Heavenly Bodies to Pope Paul III†, analyzed and constructed by Nicolaus Copernicus, 1543. Whereas, the second source is â€Å"Science and Scripture† by Galileo, 1957. The firstRead More The Scientific Revolutions and Copernicus Book Essay721 Words   |  3 PagesThe Scientific Revolutions and Copernicus Book In the sixteenth and seventeenth century a Scientific Revolution swept over Europe. The start of this Scientific Revolution has been atributed to Nicolaus Copernicus and his Heliocentric Model of the Universe. Copernicus was born in Torun Poland on February 19, 1473. His parents both died when he was very young so he was sent to live with his uncle who was a high ranking official in the Church. Copernicus studied canon law, medicine, astronomyRead MoreNicholas Copernicus : Heroes And Villains933 Words   |  4 Pagesof Stephen Mizwa, Nicholas Copernicus â€Å"stopped the sun and set the earth in motion. Nicholas Copernicus was the astronomer who formed the heliocentric theory, which states that the Sun is the center of the universe and that all planets orbit the Sun. This drastic idea would fundamentally change astronomy and led to the Scientific Revolution, a period when scientific research skyrocketed, even though there was resistance from the religious leaders of the time. Copernicus was a hero because his developmentRead MoreEssay on The Life of Nicolaus Copernicus566 Words   |  3 PagesNicolaus Copernicus was a Renaissance mathematician and astronomer. He is famous for his formul ation of a heliocentric theory of our galaxy. This theory suggested that the Earth and other planets revolve around the sun, which is in the center of our solar system. This heliocentric model was the opposite of what people had believed before, which was that the sun and other planets revolved around Earth. Copernicus was a genius of his time and had a breakthrough in astronomy. He is known as the initiator

Saturday, December 14, 2019

Pepsi Total Reward Free Essays

Business Ethics Business ethics is a topic that is often on the forefront of media and journalism reports in the United States of America today. To someone that doesn’t have a background in business, or a general understanding of the business world, these reports can be cumbersome and hard to follow. One must first understand what business ethics actually are. We will write a custom essay sample on Pepsi Total Reward or any similar topic only for you Order Now Dictionary. com defines business ethics as the study and examination of moral and social responsibility in relation to business practices and decision-making in business (dictionary. com). Once one understands the meaning of business ethics, they often wonder what major companies do to stay ahead of the curve, and excel in the area of business ethics. Sadly, it seems as if the general media is only interested in companies with poor business ethics and practices. Media outfits are able to sell more papers, and gain more viewers, and honest companies such as PepsiCo never get the positive publicity that they deserve. Ethics and compliance are present in PepsiCo’s day to day operations. PepsiCo also has procedures in place to ensure ethical behavior for both their employees, and the company as a whole. Next, one must take a look at processes within the organization PepsiCo employs to comply with SEC regulations. Finally, the financial statements of PepsiCo will be analyzed with the intent of looking into the trend for different ratios and what it tells investors, and the public alike about the organization’s financial health. In a world that is filled with unethical companies that are lying to their investors, employees, and the public, it is encouraging to still have companies like PepsiCo that are both ethical and compliant. PepsiCo goes to great lengths to attain economic success while still complying to the unwritten laws of business ethics. PepsiCo does this based on three main elements of influence: environmental, talent, and human sustainability. PepsiCo offers consumers a wide array of products from health conscious foods, to comfort foods, to athletic drinks. PepsiCo’s financial stability is greatly influenced by the decision to offer so many products. By doing so, PepsiCo gets to appeal to a variety of consumers, as opposed to just one type. When PepsiCo speaks of environmental sustainability, they are talking about their efforts to â€Å"go green† or lessen their environmental footprint. PepsiCo is planning on taking the necessary steps toward reducing their electrical consumption by 20% and reducing fuel consumption by 25% by the year 2015. In 2007, PepsiCo saved nearly five billion liters of water, and nearly five-hundred million kilowatt hours of energy worldwide in 2007 when compared to their use in years past (PepsiCo, 2009). PepsiCo is looking out for the best interests of the environment, an ethical and admirable decision made by the company. PepsiCo is also an equal opportunity employer and they are often praised for the diverse workforce that they develop. When PepsiCo speaks of talent, they are talking about their diverse workforce. PepsiCo also believes in equality, they show this by offering employment to individuals without worrying about gender, race, ethnicity, or sexual orientation. PepsiCo was named one of Business Ethics Magazine’s â€Å"100 best corporate citizens†. PepsiCo shows loyalty to their employees by trying to promote from within. They also participate in various surveys to prevent any issues, and to address any problem areas. The current CEO of PepsiCo is a woman by the name of Indra Nooyi; since she took over in 2006 she has promoted workplace diversity. PepsiCo’s workplace policies are available in thirty different languages to accommodate many ethnic groups. PepsiCo also does their best to try to spend as much as they could with minority owned businesses, while still looking out for the company’s best interests. (PepsiCo, 2009). PepsiCo is extremely ethical and compliant when looking at their hiring practices. Human sustainability at PepsiCo is their vow to offer more healthy choices for consumers. PepsiCo is dedicated to their consumers, and is focused on creating and innovating new products that will offer less sugar and staying away from â€Å"empty calories†. PepsiCo has been partnering with the World Health Organization to find new ways to improve the diets of consumers while promoting physical activities. When looking at PepsiCo’s promotion of human sustainability, it is evident that PepsiCo values their consumers, which is valued and ethical. PepsiCo much like any other well respected company, complies with the regulations that are determined by the SEC (Securities and Exchange Commission). PepsiCo demonstrates their SEC compliance through their hiring of an independent registered public accounting firm. PepsiCo utilizes the well-known and respected accounting firm Klynveld Peat Marwick Goerdeler which is more commonly referred to as KPMG. KPMG is one of the largest professional services firms in the world and one of the Big Four auditors. The Big Four auditors are KPMG along with PricewaterhouseCoopers, Deloitte, and finally Ernst and Young. KPMG’s global headquarters are located in the Netherlands . By employing an outside source, PepsiCo allows the auditing firm KPMG to clearly analyze their numbers, ultimately making independent judgments for the soft drink company. KPMG complies with the laws and guidelines that are set up by the Securities and Exchange Commission through a published report to the SEC that is created quarterly and annually for PepsiCo. The reports that are then created by KPMG offer the Securities and Exchange Commission as well as shareholders, and anyone else interested detailed information on what and where the company is spending money as well as on what and where the company is receiving money. Near the end of PepsiCo’s annual report, there is a statement that speaks of the honesty and integrity of the report. This statement reads: â€Å"Under the supervision and with the participation of our management, including our Chief Executive Officer and our Chief Financial Officer, we conducted and evaluation of the effectiveness of our control over financial reporting based upon the framework in Internal Control – Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission. Based on that evaluation our management concluded that our internal control over financial reporting is effective as of December 26, 2009 (PepsiCo, 2009). † Based on that quote, one must believe that PepsiCo is both ethical and compliant with respect to the Securities and Exchange Commission. Despite the worldwide economic turmoil that companies have been forced to deal with, PepsiCo has done their best to rise above the state of the economy, and still post good numbers. PepsiCo’s current ratio for 2008 came out to 1. 23 and the current ratio for 2009 was 1. 35. This means that PepsiCo can pay back its short-term liabilities (debt and payables) with its short-term assets (cash, inventory, receivables) 1. 299 times in 2008 and 1. 435 times in 2009. To properly compute the current ratio for each year an individual would divide the current assets by the current liabilities. The 2008 current ratio for PepsiCo can be calculated by dividing 10,806 by 8,787. This comes out to 1 . 23. The 2009 current ratio for Pepsi is calculated the same way dividing 12,571 by 8,756. This equates to 1. 435. PepsiCo improved their current ratio year over year. A debt ratio is a ratio that indicates what proportion of debt a company has relative to its assets. Thus having a lower percentage would be ideal. PepsiCo’s debt ratio for 2008 was 23%. This can be computed by taking the total debt, which was $ 8,227 and dividing that by the total assets which were $ 35,994. In 2009 the total debt was $7,864 and the total assets were $ 39,848, giving PepsiCo a debt ratio of 19. 7%. Return on equity is known as the amount of net income returned as a percentage of shareholders equity. It can be calculated as the net income divided by common equity, and a higher percentage is favorable. In 2008 the net income was $ 5,166, which is divided by the common equity $ 12,203, this comes out to 12%. In 2009 the net income was $ 5,979 and the common equity was $ 16,908, meaning that the return on equity was 35%. Again, PepsiCo shows improvement year over year. Finally, comes the days receivable. The days receivable are a measure of the average time a company’s customers take to pay for purchases. The days receivable are equal to accounts receivable divided by annual sales on credit times 365. In 2008 PepsiCo’s accounts receivable came out to $ 4,683, annual sales on credit were $ 20,351, meaning that the days receivable in 2008 equated to 83. 99, or simply 84 days. In 2009 PepsiCo’s accounts receivable came out to $ 4,624, annual sales on credit were $ 20,099, meaning that the days receivable in 2008 equated to 83. 97 or 84 days as well. Year over year, it seems as if PepsiCo remained constant in the area of days receivable. In closing, PepsiCo establishes itself on the forefront of ethics and compliance. PepsiCo also has procedures in place to ensure ethical behavior of employees and shareholders. Finally, PepsiCo has processes that they utilize to comply with SEC regulations. PepsiCo seems to have improved financially year over year between 2008 and 2009. In a world that is filled with unethical companies that are lying to their investors, employees, and the public, it is encouraging to still have companies like PepsiCo that are both ethical and compliant. References Business ethics. (n. d. ). Dictionary. com’s 21st Century Lexicon. Retrieved September 27, 2010, from Dictionary. com website: http://dictionary. reference. com/browse/Business ethics PepsiCo. 2008 Annual Report. Purchase, NY: PepsiCo, 2008. Annual reports. September 27, 2010. http://www. pepsico. com/Investors/Annual-Reports. html PepsiCo. 2009 Annual Report. Purchase, NY: PepsiCo, 2009. Annual reports. September 27, 2010. http://www. pepsico. com/Investors/Annual-Reports How to cite Pepsi Total Reward, Papers

Friday, December 6, 2019

Martin Luther King Jr Against Prejudice Essay Example For Students

Martin Luther King Jr Against Prejudice Essay How and why did Martin Luther King, Jr. work against prejudice? Martin Luther King, Jr. was born on January 25th 1929 in Atlanta, Georgia in the United States of America. He was an American clergyman, activist and prominent leader in the African-American civil rights movement. His main legacy was to secure progress on civil rights in the United States and he is frequently referenced as a human rights icon. King became a civil rights activist early in his career. King led many non-violent protests, to make his point; such as sit-ins, strikes, marches, speeches and boycotts. He led the 1955 Montgomery Bus Boycott and helped found the Southern Christian Leadership Conference in 1957, serving as its first president. Kings efforts led to the 1963 March on Washington, where King delivered his I Have a Dream speech. There, he raised public consciousness of the civil rights movement and established himself as one of the greatest orators in U. S. history. During this speech King used many memorable lines such as â€Å"I have a dream that one day little black boys and girls will join hands with little white boys and girls as brothers and sisters. In 1964, King became the youngest person to receive the Nobel Peace Prize for his work to end racial segregation and racial discrimination through civil disobedience and other non-violent means. By the time of his death in 1968, he had refocused his efforts on ending poverty and opposing the Vietnam War, both from a religious perspective. King was assassinated on April 4, 1968, in Memphis, Tennessee. He was awarded the Presidential Medal of Freedom in 1977 and Congressional Gold Medal in 2004; Martin Luther King, Jr. Day was established as a U. S. national holiday in 1986. Martin Luther King, Jr. Wanted to rid segregation and wanted equal rights for several reasons. One of which was because of personal experience. He didn’t want his children to live a life of racism that he has had to deal with. In one of his speeches he used this quote to agree with this point. I have a dream that my four little children will one day live in a nation where they will not be judged by the colour of their skin, but by the content of their character. † Another reason for Martin Luther King, Jr. wanting a peaceful change was because of his Christian faith. He believed that all men were created equal and should have equal rights in all means. His faith also meant he had to love his neighbour, but he said, â€Å"Love the perso n, hate the evil that person does. †