Background- Riordan Manufacturing, an industry leader in the field of plastic injection molding, employs 600 people and has annual earning approaching $50 million. They are a subsidiary of Riordan Industries, which has sales in access of $1 billion. At the present time, Riordan focuses their marketing and sales efforts in the United States but, due to demand, has decided to open up their international marketing efforts with sales to Australia. There were several reasons for this decision: less language barriers, strong economic growth, and, with global shipping improvements, easier access than in the past. As a corporation, Riordan has a Corporate Compliance Plan that is specific for plastic designs. Ethical standards are in place to focus business practices and stakeholder and employee expectations. Using this set of standards, Riordan's executives are expected to lead with integrity and to ensure that the company complies with ethical business practices that show corporate social responsibility (riordan-manufacturing.com).
Doing Business in Australia Australia, a large continent located southeast of Asia. Founded as a land of exiled British prisoners, the country has evolved into a very egalitarian culture that accepts and encourages diversity. This is particularly important in the business sphere, exemplified in the down-to-earth approach to business combined with openness and individualism. In general, Australians are blunt to the point of what may be perceived as
Australia is a very culturally diverse country, meaning that it consists of many cultures and ethnicities from around the world. This diversity is mostly due to immigration,
Australia is a very diverse, multi-cultural nation with the majority of the population having migrated from Asia, Africa and Europe. Almost every single home in Australia has a television and almost every single Australian watches free-to-air television daily.
Australia is a nation without limits scene, society and more rooted archaic rich economies in the world. Australia is the sixth largest country in area and is the main country to represent an entire land mass. A wonderful native habitat caliber of different qualities and extraordinary life, Australia is a destination for travelers from all over the world and 10 percent of biodiversity in the world and an impressive number of local plants and creatures he n ' There is no other place on earth. Rainforest in the north to the red deserts of the interior, the snowfields of the Australian Antarctic Territory in the southeast, is a vast region and changed. Australia is home to one of the most experienced companies in the world living with indigenous
Finally, I believe is important for companies to follow ethical standards that could assist them to make responsible decisions. The ISO 26000 standards is a document that addresses responsible practices related to organizational governance, human rights, labor practices, the environment, fair operating practices, consumer issues and community involvement and development (Ajeti, S. R., 2016, para. 2-4). for example, When Chevron faces difficult situations, they try to resolve them by answering four questions: (1) is it legal? (2) Is it consistent with the company policy, including human rights policy? (3) is it consistent with the chevron’s core values? (4) if it were made public, would be I be comfortable? (Chevron, 2015, p.
Australia, officially known as the Commonwealth of Australia is a country surrounded by water, consisting of the mainland continent of Australia, the Island of Tasmania, and several smaller islands. By total area Australia is the world’s sixth largest country. Australia is a highly developed country and one of the wealthiest in the world. Throughout the history of the country, Australia has continuously grown stronger and stronger. We will discuss the history, politics, economics, and the military forces that make Australia such a strong nation.
The Executive leadership of Riordan Manufacturing Company are visiting next week and our team has been asked to prepare this six page paper that goes along with the presentation as the initial rough draft of the company’s financial state components of the financial system and the required systems that will talk to the company’s financial system.
| -Discount for students (go card), better marketing.Australia has a business-friendly regulatory environment. -“According to the World Bank, Australia is the fastest place in the world in which to start a business, with regulatory procedures taking just two days”.
However, today, the focus on stakeholder’s (apart from the shareholders, these are customers, suppliers and employees) expectations has also grown radically. Accordingly, ethical behaviours such as meeting stakeholders’ expectation objectives, environmental objectives and corporate social responsibility, which is accountability to the society and social responsibility, have resultantly become very important. Failure to comply with ethical behaviours can causes a business to damage its brand value and its reputation, which in turn could lead to reduced profits or even losses (Carroll and Buchholtz, 2014).
Australia: Australia is a self-governing country Western democracy with a population of more than 22 million. It is one of the world’s most developed countries. Australia’s life style reflects it’s mainly Western roots, but Australia is also a multicultural
Australia is the fourth biggest economy in the Asian locale and is the 12th biggest economy in the world
This memo serves as notice that we will soon initiate efforts to develop and implement an ethics program as well as the appropriate training and an effective way to monitor those plans. As you are aware, consumers and partners want to work with companies they can trust, and having a program that will build management skills and effectively structure business controls is a great way to become transparent and build that trust. Overall, an effective ethics and compliance
The second key national interest of Australia is the economy. Australia’s capital, jobs, standards of living, technological innovations and social advances rely substantially on exports and commodity values within Southeast Asia and the Pacific (Department of Foreign Affairs and Trade 2016a). The stability of South East Asia and the Oceania
In an industry overwhelmed with fraud and corruption, Martin Marietta was ready to revamp their reputation to become an ethical company. This concept catapulted a decade of creating, developing, and tweaking an ethics program. Martin Marietta's goal was to maintain a work place with "descent people doing quality work" (page 1). But with this idea came a series of difficult challenges the company needed to overcome. Martin Marietta arose to the challenge and executed an elaborate ethics program. The programs successes were hard to measure at best. A SWOT analysis was designed to reflect upon all aspects of the ethics program. A case study was used to discuss Martin Marietta's
In a world where loss of reputation can mean the difference between achieving positive revenue, maintaining market position or suffering substantial losses, it has become increasingly important to not only remain at the top of your field in manufacturing and innovation but to also demonstrate sound ethical practices. In order to be seen as a valued organisation and most importantly a
Japan has a relatively stable political and legal environment which reduces the risks associated with entering the foreign market. The political system is a democratic system, with a Westminster form of government similar to Australia, which is favourable for western cultures when conducting international business. The legal environment on the other hand, is built on the foundations of the European Civil Law system with an English-American influence. Therefore Australian businesses must understand the differences when conducting business to ensure the