International Management Ethics and Values Essay - 2

International Management Ethics and Values - Essay Example The company has a big supply chain globally which runs networks for the company. This comprises the 120 plant facilities, about 300 centers for distribution and over 600 foreign manufacturers (Johnson and Johnson, 2012, p. 3). The company is managed in three major business divisions which include: medical devises and diagnostics, consumer and pharmaceutical segments. The following report will provide the company’s corporate ethical programs and how they have been used to achieve the objectives of the company. 1.2. Sources of information 1.2.1. My Own Experience of the Organization My own experience with the company especially through my curiosity to secure an attachment with the company has given me so much light in terms of what the company does. I have interacted with the company through various blogs, their websites and other employees who work with the company. The company’s has established various alliances and partnerships which play a vital role in delivery of it s services and sustaining its performance. Their efforts are put into enhancing world health, enhancing access to HIV/AIDS medications and that the organization is linked with various governments globally towards different foundations in dealing with some of the life threatening diseases such as the tropical illness which have been neglected (Charles, 2000:p. 89). There are other global non-governmental organizations which have teamed up with the company in support of the major United Nations Millennium Development Goals with an aim of improving the lives of children and women. 1.2.2. Other Sources that Have Been Used In Preparing The Report Other sources that have been used in preparing this report include the company’s websites as well as the global initiative and sustainability report of 2011. These sources give fine details of the various ways Johnson and Johnson has strived to achieve its objectives, the various successes by the company and the recognition the company ha s achieved in its efforts of ensuring universal health for the minority and disadvantaged groups. Moreover, the report draws a lot of reference from various media reports and news over various channels in regard to the efforts being made by the company globally. In addition, the world health organization has numerous accreditations on the company which shades light on the company’s activities (Feltus & Petit, 2009, p. 3). 1.3. Standard to use in evaluating ethics program 1.3.1. Details of Standard In evaluating the extent to which the company has met established ethical standards in their programs:various standards are used. The company’s ability to commit to the principles of corporate governance and other external commitments are assessed and compared to other companies such as Johnson Controls (Michael & Judy, 1997:p. 57). The management dimension or approach, sustainability and principle issues are then assessed to determine the degree to which an organization meet s the different quality and safety of the products as well as the product’s general contribution to the public in terms of economic return and social performance. The processes and the strategies used by the company in dealing with various ethical issues relating to the work place are also analyzed to provide a clear overview of the company’s impact on the internal and external environments. Johnson and Johnson has a special program, which it utilizes in ensuring that

In Economic Essay Example | Topics and Well Written Essays - 1000 words

In Economic - Essay Example After losing job, consequently, people lose their sources of income. Therefore, to characterize the degree of the working population, the term "unemployment rate" - the ratio of the number of people to the value of national workforces – is used. One can distinguish three types of unemployment. Frictional unemployment is generated by a constant rate of population movement between areas, from profession to profession. Such unemployment exists even at full employment due to job changing and looking for the best work (it is often regarded as voluntary unemployment). Structural unemployment results from technological changes in the economy, long-term shifts in consumer demand or relocation of jobs from one district to another. In this case, even skilled workers remain jobless. Cyclic unemployment is caused by a generally low demand for labor in all sectors and regions; such type of unemployment is a result of slowdown in economic activity in the country. In general, such involuntar y unemployment negatively affects the morale of man; it is also harmful for the psyche. Unfortunately, this type of unemployment prevails in the United Kingdom nowadays. The country is still getting through the effects of the recent world’s crisis, which occurred in 2008 and resulted in large-scale global economy recession. Suffice it to recollect the strikes occurred against the backdrop of a sharp rise in unemployment in the UK (the strike of workers of a refinery plant in Lindsey, Lincolnshire, 2009; the strike of employees of a steel mill in Corus, Redcar). In 2009, there were nearly 2 million unemployed people in the UK (Trading Economics.com, 2009). It is believed that there is so-called natural (normal) unemployment rate, which determines the maximum possible level of employment. In the United Kingdom it is 4 % (Trading Economics.com, 2011). The downsides of unemployment in the UK are the lag of GNP, compared to the amount that the society would have at its potential, loss of income for lots of people, loss of national output, uneven distribution of the costs of unemployment among different social groups, a great many of workers lose their skills. â€Å"High unemployment has an impact on government expenditure, taxation and the level of government borrowing. An increase in unemployment results in higher benefit payments and lower tax revenues. If any person is unemployed, he or she receives benefits, consequently - pay no income tax. It is obvious that when people spend less, they contribute less to the government in indirect taxes. This rise in government spending along with the fall in tax revenues may result in a higher government borrowing requirement (so-called public sector net cash requirement)† (Davidson, 2009). Office for National Statistics UK unveiled data on unemployment in the country (February - April 2011). The unemployment rate for the three months is to remain at the level of January - March and will make 7, 8%, according to analysts (UK National Statistics, 2011). Past two years, countries around the world pursue a policy of fiscal stimulus package, unprecedented in scope - at least for a time of peace. In Greece, the USA, India, Britain and some other states budget deficit exceeded 10% of GDP (UK National Statistics, 2010). Naturally, â€Å"this is a classic Keynesian response to economic downturn - when demand in the private sector is reduced, the state must fill the gap to prevent economic collapse†