Global Management Strategy - Innovation and People

Question: Talk about the Global Management for Strategy, Innovation and People. Answer: Presentation Advertising has experienced a gigantic change as of late with the expansion in globalization and digitalization and in time of problematic advancements. Today, number of items has expanded because of contenders crossing topographies and furthermore item life cycle is getting shorter. Because of this, it gets compulsory for advertisers to contemplate the market prerequisites and every now and again concoct the new item advancements. Lately, there has been a change in outlook from push structure to pull type of promoting. With the expansion government guideline, client mindfulness and spotlight on corporate social duty, associations have changed their technique to cultural promoting. Prior, companys centers around offering the items to clients dependent on their objectives. They were very little touchy to if the items are adjusted to client prerequisites. Subsequently, there were numerous instances of incorrect spelling additionally uncommonly in Finance segment where items are being s ell without thinking about the hazard craving. In any case, with this new idea of cultural showcasing, organization centers around evaluating the client prerequisites and produce better items that point towards client intrigue and government assistance of the general public. This advertising additionally means to instruct the clients and spread mindfulness (King, Mcvey, Simmons, 2000). Additionally, nowadays organizations likewise have a great deal of information to break down and to comprehend client necessities from a genuine perspective. All the associations draw in clients on facebook, twitter and numerous different destinations. The motivation behind this is promoting, exposure and to pick up bits of knowledge about client inclinations and necessities simultaneously. There is colossal measure of information that is assembled from these web-based social networking apparatuses and afterward there are programming innovation of examination which when applied on a he measure of information assists with finding the patterns. Such patterns help the associations to improve their items, do an all the more focusing on selling and to check the criticism and acknowledgment of their items among clients. Cultural showcasing will be acknowledged by everybody in the general public as the attention is more on society government assistance in this methodology. Cultural advertising would likewise assist with narrowing down the hole between buyers desires from the associations and association comprehends of buyers desires. It is a success win circumstance for the while society including business firms. Investigation The social showcasing additionally assists with improving the picture of the corporate among the clients as it is something more than benefit making approach of advertising. While prior methodology of associations was making benefits by selling forcefully, this kind of showcasing center around selling items that are progressively adjusted to clients need and furthermore helps in the government assistance of the general public in the long haul. For the government assistance of the general public and expanded guidelines, associations nowadays have a spate corporate social duty (CSR) unit. These CSR units chips away at the social obligation of the organizations towards the general public. For instance, Companies will sort out long distance races for mindfulness around a few issues (Chattanonon, Lawley, Trimesoontorn, Leelayouthayothin, 2007). Numerous organizations are likewise focussing on CSR in Australia too. Myer and Qantas Airlines are in features from long time about their cultura l promoting. Myer works in retail section while Qantas is the principal Australian aircrafts. Myer sells expansive scope of extras, equipment, beautifiers, basic food item, furniture, toys, books, garments. Myer takes different activities for the government assistance of the general public. Both the associations have changed their advertising blend so as to give more an incentive to clients. As a piece of their social obligation, they likewise give a lot of significance to client inputs. Client inputs and gripe is paid attention to very in both the association (Bryan, Meyer, Campbell, Haris, Lyle, Summers 2013). Myer start activities as often as possible. It likewise began frameworks of taking recommendations from clients and grant the best proposals. Both Have reward card framework. Qantas has likewise recognized its carbon impression and now working together with different ecological associations over the world to decrease its carbon impression. With the assistance of innovation, they have defi nitely lessen the utilization of paper from their activities. At first, these used to serve plastic jug of water in trips to every traveler which additionally they have changed. Presently, they offer water in glasses in order to devour less plastic (Meyer, 2004). Qantas distributes its report about its activities and CSR activities consistently to be straightforward with the shoppers. Qantas likewise utilizes twitter to energize criticism from clients and continually making changes in order to give better understanding. Myer likewise have distinguished its social obligation. They are additionally helping the earth by making their activities inclines and decreasing the utilization of paper (Meyer, 2004). Likewise Time to time, these organizations composes crusades, internet based life occasions to bring mindfulness among clients towards the earth. So, every one of these activities of the corporate are helping the entire society, individuals, corporate just as condition. Myer additionally have solid effect on the life of the individuals by concentrating on the prosperity of the network. They put intensely in the advancement of neighborhood networks and in this manner makes a significant commitment in the life of the individuals. Myer additionally has a humanitarian store that is kept up absolutely with the expectation of helping the social orders in their prosperity (Dundon, Wilkinson, 2014). Naming and bundling has become significant nowadays and all the associations ought to invest energy in these viewpoints moreover. Bundling is one the significant perspective to draw in clients and furthermore it can improve the time span of usability of the items. Additionally, Labeling is required to give accurate data what are the fixings that goes into making this items, the different data about the item, this item is fit to which gathering. In the event that the marking is acceptable and enlightening, it will assist clients with identifying themselves more with the brand and brand will likewise have the option to manufacture the trust. There is independent state system for this where it has been plainly recognized what all data makers need to impart to clients. There was issue as of late when nation of inception missing in numerous items. Be that as it may, later this turns into a standard. Australians wants to eat increasingly Australian root food to help nearby ranchers and fur thermore just as to proceed with food fabricating in Australia (Kotler, Burton, Deans, Brown, Armstrong, 2015). Likewise, Companies are additionally receiving most recent bundling strategies that will in general furnish better bundling with significantly less utilization of paper and other crude material. Naming and bundling likewise have a task to carry out in cultural promoting. Fair marking will assist client with taking better choices about what they need. End To finish up, it has been examined that associations are changing their showcasing system worldwide so as to give more an incentive to clients by getting progressively delicate to their necessities and this is actually the idea of cultural advertising. Australian organizations are additionally not immaculate by it. There are numerous associations in Australia that are utilizing cultural showcasing to give items to clients adjusted to their own needs. This likewise forestalls any mis selling and subsequently ready to construct better trust among corporate and residents and hence helps in the government assistance of the general public. There is no uncertainty that perceiving social duty and afterward stepping up to the plate and satisfy obligation likewise requests ventures yet it is worth to pick up the acknowledgment in the general public. It additionally helps in improving the picture of the corporates among the individuals and along these lines brings about increment in deals desp ite the fact that this isn't the thought process yet this is the consequence of the fair CSR exercises. Catalog Bryan, B. A., Meyer, W. S., Campbell, C. A., Harris, G. P., Lefroy, T., Lyle, G., ... Summers, D. M. (2013). The second mechanical change of Australian landscapes.Current Opinion in Environmental Sustainability,5(3), 278-287. Chattananon, A., Lawley, M., Trimetsoontorn, J., Supparerkchaisakul, N., Leelayouthayothin, L. (2007). Building corporate picture through cultural promoting programs. Society and Business Review, 2(3), 230-253. Dundon, T., Wilkinson, A. J. (2014).Case Studies in Global Management: Strategy, Innovation and People Management. Tilde Publishing and Distribution. Ruler, B., McVey, M., Simmons, D. (2000). A cultural advertising way to deal with national the travel industry arranging: Evidence from the South Pacific. The travel industry Management, 21(4), 407-416. Kotler, P., Burton, S., Deans, K., Brown, L., Armstrong, G. (2015).Marketing. Pearson Higher Education AU. Meyer, P. (2004). Provincial Agricultural Shows in New South Wales, Australia: Marketing Events to Address Decline.Proceedings of the New Zealand Tourism and, 246

The New Plant Manager Essays - Management, , Term Papers

Toby Butterfield worked for Montclair Company where he was an associate plant supervisor at the Illinois plant. Butterfield was elevated and moved to the Houston plant as plant administrator. He was aspiring and power situated. In the blink of an eye into his stay he requested spending cuts, expanded creation financial plan and excused specialists who didn't fulfill his guidelines. The Plant created great outcomes and inside five months the plant was inside its spending plan. Inside two years, he was elevated to the New York home office, however when he left creation dropped meaningfully underneath spending plan at the Houston plant. 1.Discuss the model of authoritative conduct Butterfield utilized and the sort of hierarchical atmosphere he made. Butterfield utilizes the Autocratic style of authority. As showed for the situation, Butterfield was eager and some-what power-arranged; likewise, totalitarian pioneers rely upon power. With this sort of initiative, administrators settle on however many choices as could be expected under the circumstances and have the most power and authority over dynamic. This is actually what Butterfield did; his methodology was to take control, settle on choices and to utilize his power to do his choices. Butterfield accepted that he recognized what was best for the organization and believed and acted as in the commitment of the representatives were to follow all requests give by him. He never talked with the staff to get their contribution on what could have been done any other way or could have helped with expanding profitability. Butterfield went in and requested them to cut financial plans and increment profitability. Being a simple chief, Butterfield terminated specialists inside two months; this indicated he was not worried about the individual circumstances of the laborers, however that his solitary concern was to expand profitability. He did whatever he expected to do to accomplish this objective! This kind of initiative appeared to colossally diminish representative confidence, the workplace turned out to be very tense and the laborers didn't care for being requested around. Since these representatives disdained the strained and requesting condition or atmosphere that Butterfield made specialists started to leave. Age Y laborers are equipped for self-bearing and especially detest the totalitarian heads or administrators; this is conceivably a motivation behind why a portion of the laborers left. Then again, age X laborers may require this sort of oversight and control. Now my decision is that the laborers that remained likely required the activity and simply because of the power and control Butterfield applied, they were delivering acceptable outcomes. 2.Discuss why profitability dropped when Butterfield left the Houston plant. The profitability dropped when Butterfield left the Houston plant. As I would see it this reduction in efficiency was on the grounds that the laborers had just gotten reliant upon Butterfield requests. The representatives not, at this point had a director that controlled what was done and mentioned to them what and how to do it. They no longer had this heading and got lost. Each chief doesn't director a similar way and when Butterfield left the laborers not, at this point had an amazing pioneer that pre-owned his position to settle on all choices. This may have left the laborers in a remiss state and because of their absence of inspiration they didn't push to meet creation amounts. I likewise accept that the staff may have somebody gotten soothed of the strained condition and felt as they buckled down for the two years Butterfield was there and was late for a break. Taking into account that Butterfield was no longer there and they no since a long time ago had such an exacting situation, it took into account them to relax and work at least pace. The laborers unmistakably are not self-taught, self spurred representatives. The laborers that stayed show up as though they need an imperious pioneer like Butterfield to drive them to perform at an adequate level. 3.If you were Butterfield?s New York chief, what might you inform him concerning his methodology? In what capacity may he react? In the event that I were Butterfield?s New York chief I would tell him that his exhibition was noteworthy, notwithstanding, the methodology utilized isn't generally the best methodology. Additionally, I would clarify that I realize his aims were acceptable. Despite the fact that the workers appear to comply with the requests given or choices executed, it doesn't mean they enjoyed them. In

Blog Archive Monday Morning Essay Tip Use Humor with Discretion

Blog Archive Monday Morning Essay Tip Use Humor with Discretion Although we often offer a “how to” and a “how not to” example as part of our Monday Morning Essay Tip, we cannot present a simple illustration of our advice this week. This is because our focus is on humor, which is nuanced and can be deemed appropriate only with a full understanding of the context in which it is presented. So  instead of a hard rule, we offer a strong suggestion: be very careful when using humor in your essays. The line between being funny and coming across as immature, inappropriate or even careless is a very fine one. In our view, writers who use humor best are those who possess the skill to appear clever or witty and are not striving to portray themselves as stand-up comics. Your essays are not the proper venue in which to showcase your latest routine, though a mildly self-deprecating anecdote with humorous undertones could help reveal your personality if well executed. Remember, humor itself is not the goal of your essay but part of a broader story and message to your reader. If you have a strong voice and can use humor with subtlety, then proceed, but even then, do so with caution and ensure that you get an honest, solid critique before you submit your final draft. Share ThisTweet Monday Morning Essay Tips Blog Archive Monday Morning Essay Tip Use Humor with Discretion Although we often offer a “how to” and a “how not to” example as part of our Monday Morning Essay Tip, we cannot present a simple illustration of our advice this week. This is because our focus this time is on humor, which is nuanced and can be deemed appropriate only with a full understanding of the context in which it is presented. Therefore, we offer merely a strong suggestion: be very careful when using humor in your essays. The line between being funny and coming across as immature, inappropriate, or even careless is a very fine one. In our view, the writers who use humor best are those who possess the skill to appear clever or witty and are not striving to portray themselves as stand-up comics. Your essays are not the proper venue in which to showcase your latest routine, though a mildly self-deprecating anecdote with humorous undertones could help reveal your personality if well executed. Keep in mind that humor itself is not the goal of your essay but part of a broader story and message to your reader. If you have a strong voice and can use humor with subtlety, then proceedâ€"but even then, do so with caution and ensure that you get an honest, solid critique before you submit your final draft. Share ThisTweet Monday Morning Essay Tips Blog Archive Monday Morning Essay Tip Use Humor with Discretion Although we often offer a “how to” and a “how not to” example as part of our Monday Morning Essay Tips, we cannot present a simple illustration of our advice this week. This is because our focus this time is on humor, which is nuanced and can be deemed appropriate only with a full understanding of the context in which it is presented. Therefore, we offer merely a strong suggestion: be very careful when using humor in your essays. The line between being funny and coming across as immature, inappropriate, or even careless is a very fine one. In our view, the writers who use humor best are those who possess the skill to appear clever or witty and are not striving to portray themselves as stand-up comics. Your essays are not the proper venue in which to showcase your latest routine, though a mildly self-deprecating anecdote with humorous undertones could help reveal your personality if well executed. Keep in mind that humor itself is not the goal of your essay but part of your broader story and message. If you have a strong voice and can use humor with subtlety, then proceedâ€"but even then, do so with caution and ensure that you get an honest, solid critique before you submit your final draft. Share ThisTweet Monday Morning Essay Tips

The Legalization Of Polygamy - 1349 Words

The Legalization of Polygamy Sex is one of the most widely controversial topics in America. The subject comes up in multiple situations: dinner parties, coffee dates, even when someone is eavesdropping on a neighbor s endeavors with his mistress. Nowadays, it seems as if horror stories about infidelity are more common than happy marriages. Cheating on a spouse is morally wrong, so why not make it easy and legalize the act of polygamy? Polygamy is defined as willfully and knowingly having more than one husband or wife. As unnatural as it seems, many successful people have been in multiple marriages at once. The founder of the Mormons, Joseph Smith Jr., had up to thirty-three wives, all ranging from the ages of fourteen to sixty. One of†¦show more content†¦Both men practiced polygamy, which was frowned upon greatly by the Republican Party during the Civil War. In 1862, Senator Justin Morrill succeeded in passing the Morrill Act for the Suppression of Polygamy, which punished bigamy in any territory under federal jurisdiction with a â€Å"fine not exceeding five hundred dollars, and . . . imprisonment for a term not exceeding five years† (Duncan 318). This angered the Mormons greatly and tried to gain the right for polygamy. After timeless efforts and multiple failures, they started to practice underground. The final straw before underground families was the Short Creek Raid in 1953. Police arrested the prophet, two men and three of their wives in a little place known as Short Creek, right above the Grand Canyon. The two men were arrested for cohabitation, which lead to government forces joining alliances with Utah, Arizona, and Idaho to raid Short Creek again. The raid resulted in forty-six arrests of men and women in the community (Duncan 321). Following the raid, numerous families had to go into hiding and live their lives as inconspicuously as possible. There are four polygnist clans. Unfortunately, these families had a great deal of hardships . Many children in the underground world of polygamy are home-schooled, further insulating them from the outside world. In 2000, the FLDS forced families on a wholesale basis to remove their children from kindergarten through

Ethical Behavior Of Business Students At Rocky University...

Ethical Behaviour of Business Students at Rocky University Introduction Many corporation grow and evolve there has been some ethical issues with regarding to policies and procedures within the company. However, ethical issues are not limited to the corporate world the statics show that the reason behind these unethical behaviours it has been prevalent for some time the unethical behaviour has been ongoing among business students. 86% claimed in 2008 and 2009 students had confessed to cheating as opposed to about77% that where non-business. Ruff and Costello (2009) explain there are roughly 250 website that contribute to the ethical behaviour where you can purchase your term papers online. In taking a closer look into the ethical issues that surround Rocky University the report will provide a better understanding of the discovers that were found in the report that included the following. Below you will find the information to conclude to the following questions: †¢ compute the proportion of all students †¢ proportion of all male students †¢ Proportion of all female students who presented work copied off the internet as their own copied answers off another student’s exam collaborated with other students on projects that were supposed to be completed individual †¢ Develop 95% confidence intervals for the proportion of all students, the proportion of all male students, and the proportion of all female students who were involved in some type of cheating. †¢ Develop 95% confidenceShow MoreRelatedEthical Behavior At Rocky University1244 Words   |  5 PagesEthical Behavior at Rocky University Ethical behavior should be expected from college students; however, it is not always present. There is a moral obligation for students, earning a degree, that they are in fact the ones doing the homework and tests. The prevalence of online institutions has helped enable a multitude of working individuals earn a degree. Without the classroom setting, it is arduous for a professor to ensure who is on the other end of the keyboard and monitor. In fact, Gopala, PaswanRead MoreEthical Behavior And The Business Community1895 Words   |  8 Pagesa lot of questions about ethical behavior in the business community. The result of the behavior led to questions about how and when the practice of unethical behavior began and if it was related to practices students learned while in business school. Rocky University has commissioned a group to review the data provided from an anonymous survey to find if there is a culture and history of cheating in the school of business. â€Å"Business ethics is the study of proper business policies and practices regardingRead Morereflected best self4339 Words   |  18 Pagesmore to gain by developing your gifts and leveraging your natural skills than by trying to repair your weaknesses. Here is a systematic way to discover who you are at your very best. How to Play to Your Strengths COPYRIGHT  © 2004 HARVARD BUSINESS SCHOOL PUBLISHING CORPORATION. ALL RIGHTS RESERVED. by Laura Morgan Roberts, Gretchen Spreitzer, Jane Dutton, Robert Quinn, Emily Heaphy, and Brianna Barker Most feedback accentuates the negative. During formal employee evaluations, discussions Read MoreStephen P. Robbins Timothy A. 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BAZERMAN Harvard University A series of financial scandals revealed a key weakness in the American business model: the failure of the U.S. auditing system to deliver true independence. We offer a two-tiered analysis of what went wrong. At the more micro tier, weRead More65 Successful Harvard Business School Application Essays 2nd Edition 147256 Words   |  190 PagesBUSINESS SCHOOL HARVARD SUCCESSFUL 65 APPLICATION SECOND EDITION E S S AY S APPLICATION BUSINESS SCHOOL HARVARD SUCCESSFUL 65 ECSNS A IYI O N S SE O D ED T With Analysis by the Staff of The Harbus, the Harvard Business School Newspaper ST. MARTIN’S GRIFFIN NEW YORK 65 SUCCESSFUL HARVARD BUSINESS SCHOOL APPLICATION ESSAYS, SECOND EDITION. Copyright  © 2009 byThe Harbus News Corporation. All rights reserved. Printed in the United States of AmericaRead MoreWaste Management33554 Words   |  135 Pagesa s e 4.1 Mark S. Beasley  · Frank A. Buckless  · Steven M. Glover  · Douglas F. Prawitt [2] [3] To help students understand what happened at Enron Corporation and how Andersen’s involvement with Enron led to the accounting firm’s downfall. To enhance students’ appreciation of the importance of understanding an audit client’s core business strategies. To develop students’ understanding of the role of confidence, reputation, and trust both in the corporate and auditing professions. [4] Read MoreDeveloping Management Skills404131 Words   |  1617 PagesManagement, Human Resources, Strategy, and Organizational Behavior that helps you actively study and prepare material for class. Chapter-by-chapter activities, including built-in pretests and posttests, focus on what you need to learn and to review in order to succeed. Visit www.mymanagementlab.com to learn more. DEVELOPING MANAGEMENT SKILLS EIGHTH EDITION David A. Whetten BRIGHAM YOUNG UNIVERSITY Kim S. 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Essay on North American Free Trade Agreement NAFTA

NAFTA: North American Free Trade Agreement Implementation of the North American Free Trade Agreement (NAFTA) began on January 1, 1994, and is one of the United States’ most significant regional trade agreements. The final provisions of the NAFTA were fully implemented on January 1, 2008. With full implementation, the last remaining trade restriction on a handful of agricultural commodities such as U.S. exports to Mexico of corn, dry edible beans, nonfat dry milk and high fructose corn syrup and Mexican exports to the United States of sugar and certain horticultural products are now removed. As you can see this agreement will have the potential to remove most barriers to agricultural trade and investment among the United States,†¦show more content†¦This concept was carried over into the NAFTA. Chapter 8 of the NAFTA permits, under specified conditions, the parties to impose a temporary, emergency safeguard measure – that is, an increase in the tariff to the prevailing MFN level - in the event imports cause, or threaten to cause, serious injury to domestic producers. In 2008, a NAFTA partner could, assuming the associated conditions are satisfied, invoke a Chapter 8 safeguard provision until 1 year following full implementation of the NAFTA commitments, i.e., until January 1, 2009. Beyond January 1, 2009, the NAFTA Partner could maintain a safeguard arrangement only with the consent of the Party against whose good the action would be taken. (Teslik) The biggest myth or argument you hear with NAFTA is that hasn’t helped the United States. I wasn’t sure if this was true so I decided to do this research project after watching the Democratic debate between Hillary Clinton and Obama Barack. I saw the intensity at which they argued that topic of NAFTA more passionately than any other. I had no idea what NAFTA consisted of and I felt that I better get up to speed with what would be shaping the U.S. Presidential race in 2008. I found that Canada and Mexico are the first and second largest export markets for U.S.Show MoreRelatedThe North American Free Trade Agreement (NAFTA)1345 Words   |  6 Pages The North American Free Trade Agreement (NAFTA), came into effect on January 1, 1994, creating the largest free trade region in the world, generating economic growth and helping to raise the standard of living for the people of all three countries participating. 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FDI (Foreign Direct Investment) Read MoreNorth American Free Trade Agreement (NAFTA)1764 Words   |  8 PagesNORTH AMERICAN FREE TRADE AGREEMENT (NAFTA) Brief Overview: NAFTA, The North American Free Trade Agreement, came into existence on January 1, 1994. NAFTA is essentially a free-trade agreement between the 3 North American nations of the Unites States, Canada, and Mexico. The major thought behind this treaty was to give the citizens and the companies of the North American nations many incentives to trade between themselves. The duties on U.S goods exported to Mexico were slashed by fifty percent,Read MoreNafta And Theu.s. North American Free Trade Agreement1063 Words   |  5 PagesIntroduction The formation of NAFTA (North American Free Trade Agreement) has brought many advantages among the nations of the U.S., Canada, and Mexico. 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The agreement was signed by US President Bill Clinton, Mexican President Carlos Salinas, and Canadian Prime Minister Jean Chrà ©tien (Sergie, 2014). Its purpose was to do away with tariff barriers between the three nations on goods and services, remove international investment restrictions, and protect intellectualRead MoreNafta ( North American Free Trade Agreement1449 Words   |  6 PagesNAFTA (North American Free Trade Agreement) was formed in 1994 and created one of the world’s largest free trade zones which includes Mexico, United States and Canada. NAFTA is an example of a multilateral approach to free trade. The multilateral approach states that a country will bargain with its trading partners to remove trade restrictions while the other countries do the same. Another multilatera l approach is GATT (General Agreement on Tariffs and Trade) which regulates international tradeRead MoreEvaluating Naft Was It Worth It?1229 Words   |  5 PagesEvaluating NAFTA: Was it worth it? In 1994, the North American Free Trade Agreement (NAFTA) was enacted between two industrial countries and a yet still developing nation. This was an agreement that was the first of its kind due to the relationship that the countries had and the investment opportunities that it presented. The United States, Canada, and developing Mexico decided to work towards eliminating most tariffs and non-tariff barriers between the three in order to increase the flow of trade in goodsRead MoreThe North American Free Trade Agreement1711 Words   |  7 PagesThis paper will discuss four components of the North American Free Trade Agreement: Background, events, pros and cons. Upon the research, you will discover four online articles to provide more detail and examples. This research will indicate how it was developed and the reasoning on why it would benefit the nation. Also, it will provide events that occur after the agreement was signed by congress and the recession the countries experience d uring the early 2000s. There will be a chart located

Business Ethics free essay sample

A discussion of theories of business ethics in todays highly competitive market. (more) Business Ethics free essay sample In this Act the following words and expressions are used in the following senses, unless a contrary intention appears from the context: * Every promise and every set of promises, forming the consideration for each other, is an agreement. Section 26(b) from Contract Act 1950 An agreement made without consideration is void, unless- * Is a promise to compensate for something done. It is a promise to compensate, wholly or in part, a person who has already voluntarily done something for the promisor, or something which the promisor was legally compellable to do. Case law First case University Malaya v Lee Ming Chong (FC) 1986 Facts: Lee was given a scholarship to study in Canada on one condition that he must work for the University for 2. 5 years. Upon Lee’s return, he left the University and argued that he had not provided consideration and hence there is no contract between Lee and UM. Federal court held that there was consideration as UM paid the fees. Reference: Ferrell, O. C. (2010). Business Ethics: Ethical Decision Making and Cases, 8th Ed.. Cengage Learning What were the incentives for Countrywide to write so many subprime loans? Word count: 168 Countrywide Financial benefited financially from offering subprime mortgage loans. Since the interest rate, fees and terms of subprime mortgages are typically higher than conventional loans, the lenders are able to profit from this type of loan (Moulton Bozeman, 2011). Between 1982 and 2003, Countrywide reported substantial earnings, and the offered profitable returns on stock investors. By offering mortgages and loans to borrowers who would not ordinarily qualify, the ees and interest were collected from thousands of borrowers with this type of loan. They also extended loan privileges to a large amount of the population who would not ordinarily be able to own homes. I feel that Countrywide Financials Incentive for offering subprime mortgage loans was for financial benefit. I believe that they should have known the effects these types of loans would have If the economy took a downturn. They were too Interested In the profits to be made and continued the practice despite the negative effects It would have on people and the country as a whole. Moulton, S. , Bozeman, B. (2011). The Pulicness of Policy Environments: An Evaluation of Subprime Mortgage Lending. Journal of Public Administration Reseach Theory, 21(1), 87-115. dot:10. 1093/jopart/muq005 Ferrell, O. C. (2010). Business Ethics: Ethical Decision Making and Cases, 8th Ed. , What was Countrywides logic in thinking that originating loans for people with poor credit ratings would result in positive outcomes? Word count: 182 Before the real estate crisis, the subprime mortgage industry was praised for helping people attain homeownership (Ferrell, 2010). Subprime mortgages helped minorities and lower income people be able to afford to own a home. At the time, it was thought of as a positive financial tool. Since there were more people being able to attain loans to own a home, other industries benefited from the effects of the subprime mortgage practice. Contractors, the building supply industry and real estate agencies were all profiting from these lending practices. It seemed that these types of loans were helping many industries. In a speech given by Govenor Edward Gramlich in May, 2004 (www. federalreserve. v), he spoke of these lending practices and said the increased availability of subprime mortgage credit has created new opportunities for homeownership and has allowed previously credit-constrained homeowners to borrow against the equity in their homes to meet a variety of needs.