Friday, February 28, 2020

BUsiness ethics Essay Example | Topics and Well Written Essays - 500 words

BUsiness ethics - Essay Example The intended result may not justify the means, and the act remains immoral. In the article, Nagel seeks to make the distinction in an attempt to create a moral framework by which to view the Vietnam war and its atrocities, or war and massacre in general. His concern is to develop a consistent and cogent set of elements by which particular acts of war may be adjudged as to whether they are right or wrong. The chosen article was published in the December 2006 issue of the prestigious Fortune magazine, which is widely subscribed by managers and executives. It deals with the trade of ‘conflict diamonds’, or diamonds that were mined through the exploitation of the poor citizens of these African states. Ordinarily, the businessman has a right to make a profit and the customer a right to buy the product. However, where the product is but a luxury, it raises the question why the workers should be denied fair treatment and a decent standard of living. In this light, the businessman’s right to a profit and the customer’s right to acquire a product must be denied to protect the workers’ fundamental human rights. However, should the diamond trade be banned, there would be the corollary issue of whether it is right to deprive these workers of their only source of livelihood. The dilemma is that closure of the business puts a stop to one evil and spawns another. While legitimate diamond companies have taken steps to contain the illegal trade, its complete eradication is a near impossibility. Thus the workers can do little more than tolerate the present state of affairs, or face starvation. (Fortune Magazine) -- Sahr Amara is stooped low, knee-deep in a muddy river, in the fifth hour of his workday. As he has each day for the past week, the 18-year-old will earn a stipend of only 7 cents, enough to buy himself a bowl of porridge to see

Tuesday, February 11, 2020

Enterprise Resource Planning (ERP) Essay Example | Topics and Well Written Essays - 3250 words

Enterprise Resource Planning (ERP) - Essay Example While in college, they found that the inefficiencies of the existing infrastructure led to great difficulties in being compatible with the numerous mail clients in operation and served to go from there. They took their idea with them when left the campus and Cisco Systems was born. Cisco grew rapidly and to cater to the company and product information distribution, launched an official website in 1991. It had a 50% share of the networking market and struggled to keep up with the calls it was receiving. By 1993, Cisco boasted a growth of an astounding 270%, but its IT department was sorely lacking to cope with a half billion-dollar company growing by 50% each year. The initial budget was for funding IT was 0.75% of sales and this was inadequate. CIO Pete Slovik and Senior Executive, Doug Allred, brought a revolutionary concept that entailed that the IT spending was linked to the business units that in turn necessitated close alignment to the company goals. Cisco's internal network would play a strategic role in providing the connectivity needed for the business units to build applications creatively. This new concept signified that a major upgrade to the existing infrastructure was needed if Cisco managers were to meet the customer satisfaction goals. Because it was a major decision that would cost millions, cash-strapped Cisco will find it quite complex. In 1994, Cisco's systems broke down unable to cope and Cisco was forced to close down for two days. There were other several minor troubles on the way. The Solution The board went ahead and approved the proposal for a $15 million Oracle ERP system. This would entail a 2.5 percent of the 1993 revenues, thrice the IT budget of the previous year. The total cost of completing the ERP was $100million. It is not an overstatement to say that the Oracle ERP system became the backbone of the Cisco E-Business. It unified all of the Unix Servers and became a source of centralized information. (Complete case study details available from website ). Why ERP Enterprise resource planning (ERP) is a system that integrates a number of the back office functions of planning, manufacture, distribution, accounting and human resources etc. into a single system ERP is a method of serving each individualized department with minimal redundancies and hence has several customized software applications integrated by a single interface. Being vast and comprehensive, an ERP implementation can cost millions of dollars to create, and may take several years to complete. The advantages of the ERP system when properly implemented are tremendous. The integration of information of the departments allows easy sharing of information. Typical Benefits would include reductions in inventory, material costs, and labor and overhead costs, as well as improvements in customer service and sales, improved customer service and sales and improved accounting controls. It can speed up the manufacturing process by automating processes and workflow, and as a result, it reduces the need to carry large inventories. If implemented properly it will provide the company a major advantage in the competitive market. Contributing Factors to Successful