Siemens paid $2.6 billion in fines and settlements for widespread bribery investigations. It was found to have paid bribes totaling over $100 million to win contracts in countries like Bangladesh, Nigeria, Argentina, Israel, Venezuela, China, and Iraq. Similarly, Daimler paid $185 million to settle lawsuits in the US after it was discovered to have paid $4.4 million in bribes to secure business in countries like Turkey, North Korea, Latvia, Bulgaria, Romania, and Russia. Both companies disguised these bribe payments through using offshore accounts and outside consultants, rather than comply with anti-bribery laws passed in 1999.
It takes a long time to build up a good reputation but only an instant to destroy it. This may be because it is based on trust, which is very fragile and ephemeral, requiring care and attention. Integrity and compliance, regarding both pledges and standards, play an increasingly greater part in its appraisal and perception
In November 2006, the lid was lifted on arguably the biggest scandal involving a multinational corporation prior to the financial crisis and the Lehman Brothers case. An investigation that month revealed that a significant number of senior executives working for the German technology firm Siemens in several countries throughout the world had for years been paying illegal commissions to public servants in exchange for their support in the negotiation of multimillion-dollar contracts.
This document has been prepared by Corporate Excellence – Centre for Reputation Leadership. It has cited, from among other sources, the speech by José Aurelio Pérez, Head of Compliance at Siemens in Spain, delivered at the symposium organised by Dircomen Madrid on 19 June 2012.
It takes a long time to build up a good reputation but only an instant to destroy it. This may be because it is based on trust, which is very fragile and ephemeral, requiring care and attention. Integrity and compliance, regarding both pledges and standards, play an increasingly greater part in its appraisal and perception
In November 2006, the lid was lifted on arguably the biggest scandal involving a multinational corporation prior to the financial crisis and the Lehman Brothers case. An investigation that month revealed that a significant number of senior executives working for the German technology firm Siemens in several countries throughout the world had for years been paying illegal commissions to public servants in exchange for their support in the negotiation of multimillion-dollar contracts.
This document has been prepared by Corporate Excellence – Centre for Reputation Leadership. It has cited, from among other sources, the speech by José Aurelio Pérez, Head of Compliance at Siemens in Spain, delivered at the symposium organised by Dircomen Madrid on 19 June 2012.
Assessing the extent of synergy which is centralized on HR prescription and HR bundles reality in this assignment shall be outlined in the Daimler AG, an organization registered under DAX companies in Germany. Daimler is one of the most accredited manufacturers of luxury and heavy commercial vehicles and accessories in the world. According to Beverly (1986) the operation of this multimillion organization commenced in the early 1880s, Daimler Benz was founded by two German locomotives engineers Gottlieb Daimler and Carl Benz, and they were intrigued in making internal combustion engine and later perfected to making fuel driven vehicles. This organization ownership is a publicly traded corporation and employs globally around 280,000 employees. This organization has been rated by the Global fortune to be the number 23 of the wealthiest organization in the world. This is with the credential of having a net income of US$2 billion and an accumulative of total revenue of US$140 billion as echoed by Mattera (2000).
See the Roland Berger Strategy Consultants (http://www.rolandberger.us/) 2014 study on The Next Challenge Of The US Auto Industry.
http://tinyurl.com/NPAutomotive
http://www.linkedin.com/in/TonyLy
https://www.facebook.com/MechanicalMarketer
Sheet1Task Name Responsible Start Date End Date Duration Status Sp.docxmaoanderton
Sheet1Task Name Responsible Start Date End Date Duration Status Sprint 1Jacob 3-Sep13-Sep10Complete Feature 1Kennedy 3-Sep7-Sep4CompleteFeature 2Alex 7-Sep12-Sep5CompleteFeature 3Shari 9-Sep13-Sep4Overdue Sprint 2Shari 16-Sep24-Sep8In progress Feature 4Frank16-Sep17-Sep1In progress Feature 5Alex 17-Sep21-Sep4Not started Feature 6Jacob 22-Sep24-Sep2Not started Sprint 3Jacob 25-Sep5-Oct10Not started Feature 7Jacob 25-Sep29-Sep4Not started Feature 8Frank24-Sep2-Oct8Not started Feature 9 Alex 2-Oct5-Oct3Not started
Sheet2
Sheet3
General Motors
Table of Contents
1.0:Abstract 3
2.0:Introduction 4
3.0: Internal Strategic Analysis 5
4.0Internal Strengths 7
5.0Internal Weaknesses 9
6.0: Leadership 10
7.0:Customer and Market Focus 11
8.0:Human Resource 13
9.0:Quality Management System 16
10.0:Process Management (HR) 17
11.0: Conclusion18
12.0:References20
Abstract
General Motor (GM) is a multinational automobile manufacturer. The company was founded in 1908 in Flint, Michigan by William Durant and Charles Mott. At present, GM is the second largest automaker after Toyota as measured according to the global industry sales. A key competitive edge that GM has compared with its competitors is its innovative designs and products. The purpose of this paper is to study the company based on the Malcolm Baldrige National Quality Award criteria. GM’s key strategic objectives are place the company to be competitive, satisfy customers, remain solid growth in global vehicle sales, and continually invest to dedicate to improving cultural, economic, educational, environmental, and social aspects of the communities. The paper will look into; internal analysis of GM strategic plan, leadership, customer analysis, human resource analysis, and business process management within the organization.
A key to GM’s success is its management. Without efficient management GM would not have been able to sell and finance its vehicles globally. Success does not mean that the company is not facing any impending threats. Threats for the company do exist in the industry, especially in terms of high cost and brand dilution. In order to avoid them, GM needs to reduce the cost of its vehicles and to add GM letters in all of its brands to increase the awareness among its .
EACH GROUP TO PRESENT BMW CASE IS REQUIRED TO PREPARE THEIR PR.docxsagarlesley
EACH GROUP TO PRESENT BMW CASE IS REQUIRED TO PREPARE THEIR PRESENTATIONS AS IN BELOW FORMAT:
1. GENERAL SUMMARY OF WHAT’S HAPPENING IN THE CASE
2. YOUR ANSWERS FOR THE BELOW QUESTIONS:
a. Assuming that most modern cars share very similar characteristics; what drive customers to purchase their next car? Considering that, how
can BMW’s “Dream It. Build It. Drive It.” program benefit from such a car-buying decision of customers?
b. Does BMW’s “Dream It. Build It. Drive It.” program have a sustainable advantage in long term? Would you use BMW’s “Dream It. Build It.
Drive It.” program for X5, and X1?
Learning Goals
1. To assess factors that create international business opportunities
2. To identify potential global business opportunities for various foreign markets
Purpose
Some organizations attempt to expand their international operations by seeking foreign markets appropriate for existing products and services. Other enterprises assess foreign business environments in an attempt to meet needs in those markets.
In this first section, you will conduct a preliminary assessment of geographic, economic, social-cultural, and political-legal factors that create global business opportunities in foreign markets. Also, you should consider how technology could create new foreign business opportunities by expanding possibilities for production, marketing, and distribution of goods and services.
Background
Global Business Opportunities
Potential foreign business opportunities may be viewed in two major categories:
A. Various country factors create international business opportunities. These include:
· • Natural resources, agricultural products, or geographic factors (climate or terrain)
· • Level of economic development and infrastructure
· Cultural characteristics, social activities, or demographic trends
· Changing political situations or legal factors
· Technology that may enhance production or distribution of an item
B. Existing companies attempting to expand into new markets around the world—Think about several possible global business opportunities that would be the basis for new or expanding international business operations. These business opportunities may be consumer goods or services; or organizational goods and services, sold to businesses, government agencies, nonprofit organizations, schools, hospitals, hotels, or other organizations.
Examples of global business opportunities include: processing of fresh fruit in Chile for distribution around the world; sale of water filtration systems in developing economies; sale of food products adapted to the tastes of different cultures; development of cellular telephone systems in countries with a weak communication infrastructure; and expansion of fast-food restaurants into countries with expanding economies.
Resources
Web links:
· Global Edge CyberSite
· Business Around the World Atlas (Works best with Firefox.)
· CIA World Fact Book
Conduct Research
Collect data a ...
Assessing the extent of synergy which is centralized on HR prescription and HR bundles reality in this assignment shall be outlined in the Daimler AG, an organization registered under DAX companies in Germany. Daimler is one of the most accredited manufacturers of luxury and heavy commercial vehicles and accessories in the world. According to Beverly (1986) the operation of this multimillion organization commenced in the early 1880s, Daimler Benz was founded by two German locomotives engineers Gottlieb Daimler and Carl Benz, and they were intrigued in making internal combustion engine and later perfected to making fuel driven vehicles. This organization ownership is a publicly traded corporation and employs globally around 280,000 employees. This organization has been rated by the Global fortune to be the number 23 of the wealthiest organization in the world. This is with the credential of having a net income of US$2 billion and an accumulative of total revenue of US$140 billion as echoed by Mattera (2000).
See the Roland Berger Strategy Consultants (http://www.rolandberger.us/) 2014 study on The Next Challenge Of The US Auto Industry.
http://tinyurl.com/NPAutomotive
http://www.linkedin.com/in/TonyLy
https://www.facebook.com/MechanicalMarketer
Sheet1Task Name Responsible Start Date End Date Duration Status Sp.docxmaoanderton
Sheet1Task Name Responsible Start Date End Date Duration Status Sprint 1Jacob 3-Sep13-Sep10Complete Feature 1Kennedy 3-Sep7-Sep4CompleteFeature 2Alex 7-Sep12-Sep5CompleteFeature 3Shari 9-Sep13-Sep4Overdue Sprint 2Shari 16-Sep24-Sep8In progress Feature 4Frank16-Sep17-Sep1In progress Feature 5Alex 17-Sep21-Sep4Not started Feature 6Jacob 22-Sep24-Sep2Not started Sprint 3Jacob 25-Sep5-Oct10Not started Feature 7Jacob 25-Sep29-Sep4Not started Feature 8Frank24-Sep2-Oct8Not started Feature 9 Alex 2-Oct5-Oct3Not started
Sheet2
Sheet3
General Motors
Table of Contents
1.0:Abstract 3
2.0:Introduction 4
3.0: Internal Strategic Analysis 5
4.0Internal Strengths 7
5.0Internal Weaknesses 9
6.0: Leadership 10
7.0:Customer and Market Focus 11
8.0:Human Resource 13
9.0:Quality Management System 16
10.0:Process Management (HR) 17
11.0: Conclusion18
12.0:References20
Abstract
General Motor (GM) is a multinational automobile manufacturer. The company was founded in 1908 in Flint, Michigan by William Durant and Charles Mott. At present, GM is the second largest automaker after Toyota as measured according to the global industry sales. A key competitive edge that GM has compared with its competitors is its innovative designs and products. The purpose of this paper is to study the company based on the Malcolm Baldrige National Quality Award criteria. GM’s key strategic objectives are place the company to be competitive, satisfy customers, remain solid growth in global vehicle sales, and continually invest to dedicate to improving cultural, economic, educational, environmental, and social aspects of the communities. The paper will look into; internal analysis of GM strategic plan, leadership, customer analysis, human resource analysis, and business process management within the organization.
A key to GM’s success is its management. Without efficient management GM would not have been able to sell and finance its vehicles globally. Success does not mean that the company is not facing any impending threats. Threats for the company do exist in the industry, especially in terms of high cost and brand dilution. In order to avoid them, GM needs to reduce the cost of its vehicles and to add GM letters in all of its brands to increase the awareness among its .
EACH GROUP TO PRESENT BMW CASE IS REQUIRED TO PREPARE THEIR PR.docxsagarlesley
EACH GROUP TO PRESENT BMW CASE IS REQUIRED TO PREPARE THEIR PRESENTATIONS AS IN BELOW FORMAT:
1. GENERAL SUMMARY OF WHAT’S HAPPENING IN THE CASE
2. YOUR ANSWERS FOR THE BELOW QUESTIONS:
a. Assuming that most modern cars share very similar characteristics; what drive customers to purchase their next car? Considering that, how
can BMW’s “Dream It. Build It. Drive It.” program benefit from such a car-buying decision of customers?
b. Does BMW’s “Dream It. Build It. Drive It.” program have a sustainable advantage in long term? Would you use BMW’s “Dream It. Build It.
Drive It.” program for X5, and X1?
Learning Goals
1. To assess factors that create international business opportunities
2. To identify potential global business opportunities for various foreign markets
Purpose
Some organizations attempt to expand their international operations by seeking foreign markets appropriate for existing products and services. Other enterprises assess foreign business environments in an attempt to meet needs in those markets.
In this first section, you will conduct a preliminary assessment of geographic, economic, social-cultural, and political-legal factors that create global business opportunities in foreign markets. Also, you should consider how technology could create new foreign business opportunities by expanding possibilities for production, marketing, and distribution of goods and services.
Background
Global Business Opportunities
Potential foreign business opportunities may be viewed in two major categories:
A. Various country factors create international business opportunities. These include:
· • Natural resources, agricultural products, or geographic factors (climate or terrain)
· • Level of economic development and infrastructure
· Cultural characteristics, social activities, or demographic trends
· Changing political situations or legal factors
· Technology that may enhance production or distribution of an item
B. Existing companies attempting to expand into new markets around the world—Think about several possible global business opportunities that would be the basis for new or expanding international business operations. These business opportunities may be consumer goods or services; or organizational goods and services, sold to businesses, government agencies, nonprofit organizations, schools, hospitals, hotels, or other organizations.
Examples of global business opportunities include: processing of fresh fruit in Chile for distribution around the world; sale of water filtration systems in developing economies; sale of food products adapted to the tastes of different cultures; development of cellular telephone systems in countries with a weak communication infrastructure; and expansion of fast-food restaurants into countries with expanding economies.
Resources
Web links:
· Global Edge CyberSite
· Business Around the World Atlas (Works best with Firefox.)
· CIA World Fact Book
Conduct Research
Collect data a ...
Students, digital devices and success - Andreas Schleicher - 27 May 2024..pptxEduSkills OECD
Andreas Schleicher presents at the OECD webinar ‘Digital devices in schools: detrimental distraction or secret to success?’ on 27 May 2024. The presentation was based on findings from PISA 2022 results and the webinar helped launch the PISA in Focus ‘Managing screen time: How to protect and equip students against distraction’ https://www.oecd-ilibrary.org/education/managing-screen-time_7c225af4-en and the OECD Education Policy Perspective ‘Students, digital devices and success’ can be found here - https://oe.cd/il/5yV
Model Attribute Check Company Auto PropertyCeline George
In Odoo, the multi-company feature allows you to manage multiple companies within a single Odoo database instance. Each company can have its own configurations while still sharing common resources such as products, customers, and suppliers.
How to Create Map Views in the Odoo 17 ERPCeline George
The map views are useful for providing a geographical representation of data. They allow users to visualize and analyze the data in a more intuitive manner.
Ethnobotany and Ethnopharmacology:
Ethnobotany in herbal drug evaluation,
Impact of Ethnobotany in traditional medicine,
New development in herbals,
Bio-prospecting tools for drug discovery,
Role of Ethnopharmacology in drug evaluation,
Reverse Pharmacology.
Welcome to TechSoup New Member Orientation and Q&A (May 2024).pdfTechSoup
In this webinar you will learn how your organization can access TechSoup's wide variety of product discount and donation programs. From hardware to software, we'll give you a tour of the tools available to help your nonprofit with productivity, collaboration, financial management, donor tracking, security, and more.
Unit 8 - Information and Communication Technology (Paper I).pdfThiyagu K
This slides describes the basic concepts of ICT, basics of Email, Emerging Technology and Digital Initiatives in Education. This presentations aligns with the UGC Paper I syllabus.
Synthetic Fiber Construction in lab .pptxPavel ( NSTU)
Synthetic fiber production is a fascinating and complex field that blends chemistry, engineering, and environmental science. By understanding these aspects, students can gain a comprehensive view of synthetic fiber production, its impact on society and the environment, and the potential for future innovations. Synthetic fibers play a crucial role in modern society, impacting various aspects of daily life, industry, and the environment. ynthetic fibers are integral to modern life, offering a range of benefits from cost-effectiveness and versatility to innovative applications and performance characteristics. While they pose environmental challenges, ongoing research and development aim to create more sustainable and eco-friendly alternatives. Understanding the importance of synthetic fibers helps in appreciating their role in the economy, industry, and daily life, while also emphasizing the need for sustainable practices and innovation.
The Indian economy is classified into different sectors to simplify the analysis and understanding of economic activities. For Class 10, it's essential to grasp the sectors of the Indian economy, understand their characteristics, and recognize their importance. This guide will provide detailed notes on the Sectors of the Indian Economy Class 10, using specific long-tail keywords to enhance comprehension.
For more information, visit-www.vavaclasses.com
2. Siemens paid $2.6 billion for investigations and fine for bribery. It paid
$5 million in bribes to win a mobile phone contract in Bangladesh,
$12.7 million in payments to senior officials in Nigeria for government contracts,
in Argentina, a different Siemens subsidiary paid at least $40 million in bribes to
win a $1 billion contract to produce national identity cards,
In Israel, the company provided $20 million to senior government officials to
build power plants,
In Venezuela, it was $16 million for urban rail lines.
In China, $14 million for medical equipment,
And in Iraq, $1.7 million to Saddam Hussein and his cronies.
The method of bribery was hiring an
outside consultant who would
facilitate this. Rather than comply
with the law after 2000, Siemens
managers created a “paper program,”
Overview
3. The German automaker Daimler produces busses
in Turkey, and sells in countries around the world,
including North Korea, Latvia, Bulgaria, Romania
and Russia. The company apparently paid €3.3
million ($4.4 million) in bribes to secure business
in these countries. Daimler set to pay $185 million
to settle a lawsuit in the United States.
Industrial group MAN and industrial services
provider Ferrostaal also made these so called
„useful payments‟.
Questions to be thought of are whether
abandoning bribery would mean that sales
decrease at Siemens, MAN and Daimler and
how to do business where there are
countries in which it has been virtually
impossible to conduct business, or at least
win major contracts, without paying
kickbacks to key decision-makers.
Overview
5. In 1999, a pact was signed by most of the world‟s industrial nations in order to do away
with acts of foreign bribery and Germany also joined this international convention. But,
instead of complying with the law, the managers in Siemens tried to ascertain how
efficiently they can disguise this practice of bribery from the law enforcement officials
and the common public.
In Siemens, the amount of money paid as bribes to foreign officials worldwide was
huge. Mr. Siekaczek himself oversaw an annual bribery budget of $40 million to $50
million from 2002 to 2006 as well as the transfer of around $65 million through hard-
to-trace offshore bank accounts.
In case of Daimler, although a new legal framework was introduced after 1999 by the
internal audit head, the executives refused to follow the same on the grounds that the
company would lose sales in some of the countries.
Moreover, the internal audit head in Daimler encountered strong opposition from the
executives when he wanted to audit all the internal third party accounts as well as when
he wanted to close all these accounts later on.
Lastly, the then CEO of Daimler, Mr. Jurgen Schrempp, was also responsible to some
extent for this debacle. Even after the laws were changed in Germany, he did not pay
any attention to the problem of corruption within the company and was busy with the
merger between Daimler and Chrysler.
Problems Identified
6. LEGAL RISK- „Everybody does it‟ OR „It‟s simply part of the culture in some countries‟ : It was
legal before 2000
COUNTRY RISK – possibility that a foreign country may be unable or unwilling to fulfill its
obligations towards a foreign lender, investor or exporter
POLITICAL RISK – Siemens withdrawing from any of the 190 countries where the risk of being
asked for bribes is too great
GOVERNANCE RISK - Employees detained by prosecutors said bribery was a normal business
practice known about by senior management.
COMPLIANCE RISK - Siemens compliance at 0% in 2007
Risk Management Concepts Involved
7. • A strong ethical culture is critical for
effective corporate governance
• Senior executives need to know what is
going on throughout the organization
• Strong internal control is more important in
a widely dispersed and decentralized
company.
• A focus on “making the numbers” will never
be successful in the long run
• Effective organizational governance and
policy making should be done considering
the political situation and the business
model to be designed the ethical way.
Learning from the cases