The Obesity Epidemic Of Obesity - 967 Words

The comprehensive assortment of convenient processed foods high in sugar, salt and fat, frequently marketed in large serving sizes with excessive sides, has ultimately made selecting healthy eating choices more difficult for the average consumer and policymakers. Various health experts maintain the onslaught of advertising and promotion surreptitiously and unfavourably influencing ingestion patterns and food partialities of individuals further complicates the issue. There has been substantial encouragement, which has pressured governments and politicians to implement restrictions on the publicising of unhealthy foods, particularly those targeting children. (Jolly, R. 2011) Researchers of the epidemic of obesity are inclined to emphasise environmental aspects, including the convenience of high-calorie appetising junk foods in conjunction with the influence of television programming, video games, computers and tablets that discourage exercise. Theoretically, there are two consequences to regular television viewing, which are a decrease in physical movement and an increase in consumption of junk food as a result of junk food advertisement exposure. While there is a continuing dispute regarding how food commercials impact the occurrence of obesity amongst children and adolescents and, despite lacking evidence of a direct correlation between childhood obesity and junk food advertising, numerous countries, including Norway, Finland and Sweden, have prevented fast-food companiesShow MoreRelatedThe Obesity Epidemic Of Obesity1133 Words   |  5 PagesObesity has always been a topic that many have had due to the increase attention it has received. Across Ameri ca, there has been a lot of attention on the obesity epidemic. In America and the inner cities, more people are eating meals away from home in addition to consuming larger portions from fast food restaurants. At this rate, gaining weight is the likely outcome. High energy dense food has become convenient and affordable. Fast food is almost everywhere in America and, contributes to the growingRead MoreObesity : The Obesity Epidemic1509 Words   |  7 PagesThe Obesity Epidemic What is obesity? According to the Health Reference Center Academic, â€Å"Obesity is a clinical condition characterized by an excess of body fat†. Obesity causes serious and life-threatening diseases. Obesity can be calculated using the BMI or Body mass index. The higher the BMI the more obese a person is considered. More than 1 third of the population in the US is obese. Medical costs for treating obesity were estimated at $147 billion in 2008. Non-Hispanic black and Mexican AmericanRead MoreObesity : The Obesity Epidemic Essay1321 Words   |  6 Pagesevidence that Americans are among the most overweight across the globe, this issue is constantly ignored. We hear about obesity being one of the most prevalent issues in America yet through the years this issue seems to worsen. Although Obesity may not be taken seriously by many, it is one of the leading health issues in America today. Many don’t understand the causes of this obesity epidemic, but being educated on this topic is the best way to prevent and control this issue. A recent study from the NationRead MoreObesity : The Obesity Epidemic2984 Words   |  12 PagesThe Obesity Epidemic What is obesity? A condition characterized by the excessive accumulation and storage of fat in the body; obesity is when someone is so overweight that it is a threat to their health (â€Å"What is Obesity?†). Obesity is an increasing global health problem. Corpulence is an important matter because of the astounding magnitudes that this disease has reached in the past 30 years (â€Å"Health and Aging†). Obesity is the reason for nearly 10 percent of the national medical budget, whichRead MoreThe Obesity Epidemic Of Obesity2517 Words   |  11 Pagesof obesity in children is on the rise in America. One in three children in America is obese (Kelly). Anyone can recognize there is a problem with the growing numbers of children overweight, however, no one has come up with a way to stop the obesity epidemic. This epidemic in children has been caused by numerous factors now numerous solutions can stop this if they are put in use. Children are weighing more than they ever have. The Centers for Disease Control and Prevention says, â€Å"Obesity hasRead MoreThe Epidemic Of Obesity And Obesity1319 Words   |  6 Pages There’s an appalling epidemic in today’s society sweeping across not only the United States, but all across the globe. This horrible epidemic isn’t the bird flu, or any type of sickness, rather obesity. Today, obesity rates are at an all time high in America. This disease, obesity, is being passed down the family both genetically, and by the terrible eating habits developing in the US. Kids growing up in this generation are facing frightening issues such as increased risk of heart disease, diabetesRead MoreThe Obesity Epidemic Of Obesity Essay1503 Words   |  7 PagesIntroduction Obesity is becoming an outrageous and alarming health issue in today’s society. Children are rapidly getting engulfed by this pandemic every day. According to the book Public Health 101: Health People-Healthy Populations, pandemic can be defined as, â€Å"An epidemic occurring worldwide, or over a very wide area, crossing international boundaries and affecting a large number of people† (Riegelman, Kirkwood, 2015). The World Health Organization estimates that 43 million children worldwideRead MoreObesity Epidemic : Obesity And Obesity1634 Words   |  7 Pagesfrom 7% in 1980 to nearly 18% in 2012† (cdc.gov). Subsequently, the obesity epidemic has continued to increase over the past few years in the United States. There are many different aspects that have contributed to the obesity epidemic. For example, many people today choose to be convenient instead of eating healthy, which results in the consummation of processed foods. Processed foods have a significant effe ct on the risk of obesity. With a current society always on the go, adults and children haveRead MoreThe Obesity Epidemic Of Obesity2053 Words   |  9 Pagesrise in obesity has reached global epidemic proportions (World Health Organisation (WHO), 2015). Obesity is defined as an â€Å"abnormal or excessive fat accumulation that may impair health.† Body Mass Index (BMI) is a common tool used to measure a person s weight in kilograms divided by their height in meters squared (kg/m2) (WHO, 2015). An individual with a BMI greater than or equal to 30 is considered clinically obese (WHO, 2015). However this may not be the most valid way of measuring obesity as itRead MoreThe Obesity Epidemic : Obesity Essay1696 Words   |  7 PagesThe obesity epidemic proves to be an issue in America and continues to grow with time. In simple terms, obesity is a disorder where the subject has increasing amounts of fat, leading to health problems in the future. This epidemic has steadily increase d in American bodies for decades and researchers have tried to find the root causes of this problem. Though there is controversy as to what is the primary cause of this rising epidemic, it is clear that there are many factors that contribute to the

Detecting Financial Statement Fraud The Collapse Of...

Detecting Financial Statement Fraud The dramatic collapse of Enron Corporation, following the series of disclosures of accounting improprieties, leads to questions regarding the soundness of accounting and financial reporting standards, and contributing factors to financial statement fraud. One question relates to important internal controls ignored in the creation of special purpose entities such as LJM1 by Enron. Another question relates to how Enron’s harsh Performance Review Committee might have aided company executives in committing fraud. Further, there are questions regarding how the external auditors could have missed catching the Financial Statement fraud, and the potential need for changes related to generally accepted auditing standards to improve identification of financial statement frauds. This paper attempts to answer these questions by examining the financial reporting issues that contributed to Enron s most significant accounting restatements, and some f actors that could explain why the falsifying of financial statements is occurring frequently. Finally, included is an examination of the lack of clarity in the financial reporting, and prospective regarding indictors that serve as a red flag for the financial statement fraud at Enron, and methods for auditors in detecting fraud revenue and other fraud schemes. Special Purpose Entities Issues Consolidation Rules Many of the accounting and financial reporting issues related to Enron dealt withShow MoreRelatedThe Enron Scandal Of Enron1052 Words   |  5 Pagesaccounting firms have long played a role in convincing the public the authenticity of the corporates’ financial statements. However, the public started to become skeptical about accountants’ reliability when the Enron scandal occurred. In October 2001, SEC started an investigation against Enron for improper accounting practice. According Sherron S. Watkins, the former vice president for corporate development, Enron failed to disclose complicated deals with its partnerships to inflate the stock price. In aRead MoreWhy Is It Important for External Auditors to Be Independent? Relate Your Answer to the Primary Role of External Auditors. Give Examples of Specific Ways the Lack of Auditor Independence May Impact Adversely on an Audit.1648 Words   |  7 Pagesthat had shaken t he whole business world. The crash of Enron in US, followed by worldwide collapse of its auditor, Arthur Andersen. It was a greatest corporate failure uncovered in business history. Follow the Enron-Andersen scandal, massive organizations like WorldCom, Xerox and Waste Management confront a similar fate. The debate rested on the issue of audit independence , that is found to be one of the major contributors to crashes like Enron. It is explained that the impact of lack of audit independenceRead MoreIssues in Auditing and Professional Practice5740 Words   |  23 Pages2: (Chapter 12 â€Å"Fraud prevention and detection- further guidance†, p158 Question 3) Explain the role internal controls and code of conduct play in preventing and detecting fraud. How effective are internal controls and codes of conduct in preventing and detecting fraud? Explain your answer. Question 3: (Chapter 14 â€Å"Audit Committees: Effectiveness and diligence†, p187 Question 4) Discuss the following: â€Å"If one aspect of the three- legged stool is ineffective, financial statements will cease to beRead MoreWhy Is It Important for External Auditors to Be Independent? Relate Your Answer to the Primary Role of External Auditors. Give Examples of Specific Ways the Lack of Auditor Independence May Impact Adversely on an Audit.1638 Words   |  7 Pagesthat had shaken the whole business world. The crash of Enron in US, followed by worldwide collapse of its auditor, Arthur Andersen. It was a greatest corporate failure uncovered in business history. Follow the Enron-Andersen scandal, massive organizations like WorldCom, Xerox and Waste Management confront a similar fate. The debate rested on the issue of audit independence , that is found to be one of the major contributors to crashes like Enron. It is explained that the impact of lack of audit independenceRead MoreCase Study : Accounting Information Systems3399 Words   |  14 PagesAssignment 3: Fraud in AIS Kimberly Carulli ACC 564: Accounting Information Systems Strayer University Professor Alfred Amuzu June 15, 2015 â€Æ' Introduction to the firm Koss Corporation is a well known American based firm that also design and manufacture headphones. The firm was incorporated in 1953 by John C. Koss. The firm was primarily known as J. C. Koss Hospital Television Rental Company. After that the CEO starts looking for more boosting ideas and he jointly with Martin Lange developed a stereoRead MoreCorporate Malfeasance : Global Recession And The Occupy Wall Street Movement2110 Words   |  9 PagesCorporate malfeasance has earned a place among the defining themes of the last decade and a half, helping to give birth to the global recession and the Occupy Wall Street movement. Enron, a Houston based commodities, energy, and service corporation, created arguably one of the worst scandals of the past two decades. Due to reporting tactics implemented by Chief Executive Officer Ken Law and Chief Executive Officer Jeff Skilling, which hid huge debts from the company’s balance sheet, the company filedRead MoreAgency And Stakeholder Theo ries To The Enron Debacle6344 Words   |  26 PagesBusiness and Society Review 110:1 59– 76 Applying the Agency and Stakeholder Theories to the Enron Debacle: An Ethical Perspective Blackwell Oxford, Business BASR  © 0045-3609 O 1 110 BUSINESS CULPAN riginal 2004 Center UK Article and and Publishing, and TRUSSEL Society for SOCIETY Business Ltd. Review REVIEW Ethics at Bentley College REFIK CULPAN AND JOHN TRUSSEL INTRODUCTION W e examine the infamous Enron debacle from an ethical perspective by deï ¬ ning its theoretical underpinnings and analyzingRead MoreCase Study Enron Scandal5642 Words   |  23 PagesCASE 3 Enron: Questionable Accounting Leads to Collapse Once upon a time, there was a gleaming headquarters office tower in Houston, with a giant Tilted ―Eâ€â€" in front, slowly revolving in the Texas sun. Enron‘s suggested to Chinese feng shui practitioner Meihwa Lin a model of instability, which was perhaps an omen of things to come. The Enron Corporation, which once ranked among the top Fortune 500 companies, collapsed in 2001 under a mountain of debt that had been concealed through a complex schemeRead MoreWhy The Creative Accounting Is Important Factors Essay2581 Words   |  11 PagesFinancial reports are one of the most important factors on evaluating whether an organisation has met its objectives and goals, and also has satisfied its directors, lenders, and other stakeholders. Although the relevant accounting and financial standards, regulations, and frameworks are established for the fair and reliable presentation of financial reports, there are still fraud issues from manipulating financial information. Due to t he recent global economic crisis, corporates tend to use creativeRead MoreCan Corporate Governance Mechanism Prevent Corporate Fraud?2996 Words   |  12 PagesCORPORATE GOVERNANCE ESSAY Can Corporate Governance Mechanism Prevent Corporate Fraud? Executive Summary This paper will reviews the extent to which corporate governance acts as efficient tool to protect investors against corporate fraud, thus contributing to summarize the literatures on role of corporate governance on preventing occurrence of corporate fraud. In a more recent study, corporate fraud is part of earnings manipulation done outside the law and standards. Whereas, the activities

May day and USA Essay Example For Students

May day and USA Essay In Mary French, Dos Passos draws a definitive line between his feelings on capitalism and socialism, as well as the rich and the poor. The parallel lives of Eveline Johnson and Mary French reveal Dos Passoss distinct attitudes in regards to the upper and lower classes of society. As a member of high society, Eveline Johnson exemplifies Dos Passoss attitudes of the rich. These attitudes begin to take shape as Mary French enters the party, Eveline Johnson was ushering them through some sliding doors into a high-ceilinged room dusky from shaded lights and cigarettesmoke where they were swallowed up in a jam of welldressed people talking and making faces and tossing their heads over cocktail glasses (1527). This description tends to lean toward the superficial and a distaste of an extravagant lifestyle. Dos Passos discretely depicts various other guests as Kings, Captains, and Screenstars. Mary French becomes increasingly aware of just how phony and self-centered these guests really are as she watches the party unfold, Mary was looking at it all through a humming haze like seeing a play from way up in a smoky balcony (1529). Simultaneously, Eveline acknowledges that her life, a reflection of self-centered capitalism, is in fact a waste. Eveline admits, You know it does seem too silly to spend your life filling up rooms with illassorted people who really hate each other (1530). This moment is of significance; throughout the story Eveline and Mary have had almost identical experiences. Both women have lost the loves of their lives, but it is Mary, the determined socialist, who puts the needs of others before her own. Mary is able to continue on with what is important to her rather than escaping the harsh realities of life by means of suicide. Dos Passos has constructed a shallow illusion of what the rich are like. The socialist attitudes of Dos Passos solidify as the events in the story unravel. Socialist attitudes are present when Mary and her parents meet for lunch. Mary French, the socialist worker, is raising money for the less fortunate mine workers.Her parents on the other hand, Had both made big killings on the stockexchange on the same day and they felt they owed themselves a little rest and relaxation (1521). This is typical of self-centered capitalists. Mary is the moral center of this story. She has the will to pick herself up and continue with the unselfish intentions of the socialist party. It is clear that Mary will struggle against the forces of a capitalistic society: corruption and the use of employment to keep the workforce under control. On the contrary, Fitzgerald draws more of a Venn diagram then a concise line concerning his attitudes towards the rich and poor, as well as capitalists and socialists. Fitzgerald incorporates two sets of characters that are on opposite side s of the economic and political spectrum. What is difficult to understand is that almost all of the characters are unsympathetic; rather, they are stuck where the two circles coincide. Fitzgerald exploits the flaws of all the characters, and leaves the choice of a hero up to the reader. In the very beginning of the story a conflict establishes itself between Phillip Dean and Gordon Sterret. Gordon has run into financial trouble and desperately begs Dean for money. Gordon has fallen from the class of wealthy Yale students to whom Dean still belongs. Dean demonstrates the snobby attitudes of the rich by thinking to himself, Nothing was going to spoil his trip. If Gordon was going to be depressing, then hed have to see less of Gordon (28). The character of Edith Bradin expresses another clear example of Fitzgeralds attitude toward the rich. She is described in the following passage as a materialistic debutante infatuated with her own beauty. She dropped her arms to her side until they were faintly touching the sleek sheath that covered and suggested her figure. She had never felt her own softness so much nor so enjoyed the whiteness of her own arms (44). Fitzgerald further exemplifies his attitudes of the rich as all the characters end up at Childs for breakfast the morning after May Day. Phillip Dean stops at the table where Gordon and Jewel Hudson are seated, Prominent Teeth shook his finger pessimistically at the pair, giving the woman a glance of aloof condemnation (65). Clearly Dean does not approve of Jewel, strictly because she is poor. The scene continues with the childish acts of Dean and Peter as they start a game of chase with the waiter in a drunken stupor. Both men end up on a lavish eating and drinking spree around town, simply out of foolish pleasure. .ua30490f0c68ad11dc4850ded17dc2893 , .ua30490f0c68ad11dc4850ded17dc2893 .postImageUrl , .ua30490f0c68ad11dc4850ded17dc2893 .centered-text-area { min-height: 80px; position: relative; } .ua30490f0c68ad11dc4850ded17dc2893 , .ua30490f0c68ad11dc4850ded17dc2893:hover , .ua30490f0c68ad11dc4850ded17dc2893:visited , .ua30490f0c68ad11dc4850ded17dc2893:active { border:0!important; } .ua30490f0c68ad11dc4850ded17dc2893 .clearfix:after { content: ""; display: table; clear: both; } .ua30490f0c68ad11dc4850ded17dc2893 { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .ua30490f0c68ad11dc4850ded17dc2893:active , .ua30490f0c68ad11dc4850ded17dc2893:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .ua30490f0c68ad11dc4850ded17dc2893 .centered-text-area { width: 100%; position: relative ; } .ua30490f0c68ad11dc4850ded17dc2893 .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .ua30490f0c68ad11dc4850ded17dc2893 .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .ua30490f0c68ad11dc4850ded17dc2893 .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .ua30490f0c68ad11dc4850ded17dc2893:hover .ctaButton { background-color: #34495E!important; } .ua30490f0c68ad11dc4850ded17dc2893 .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .ua30490f0c68ad11dc4850ded17dc2893 .ua30490f0c68ad11dc4850ded17dc2893-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .ua30490f0c68ad11dc4850ded17dc2893:after { content: ""; display: block; clear: both; } READ: Professional Wrestling EssayOn the other end of the spectrum, Fitzgerald includes a set of lower class and socialistic characters. These characters, like the wealthy and capitalist characters, are described unsympathetically. The first example, and perhaps the strongest case of Fitzgeralds distaste of socialist attitudes, is the description of the Jewish man who is preaching to the soldiers on the street corner. He is described as follows, A gesticulating little Jew with long black whiskers, who was waving his arms and delivering an excited but succinct harangue (37). This passage reveals Fitzgeralds feelings towards Jewish people. What is interesting here, is the Jewish m an is actually correct in his account of WW I being a rip off. When the soldiers beat up the Jew, Fitzgerald demonstrates the false consciousness of the patriotic soldiers. The soldiers did not want acknowledge their sacrifices as a waste, they believed they had fought for a good cause. A second strong example of Fitzgeralds attitude towards the poor is found in the description of the soldiers Rose and Key. Key is described as, The taller of the two was named Carrol Key, a name hinting that in his veins, however thinly diluted by generations of degeneration, ran blood of some potentiality. But one could stare endlessly at the long, chinless face, the dull, the watery eyes, and high cheek-bones, without finding a suggestion of either ancestral worth or native resourcefulness (35). Rose is described in much the same way, His companion was swart and bandy-legged, with rat-eyes and a much-broken hooked nose (35). Both of these men do not have a lot of money and it is clear how Fitzgerald feels about them. The final example of Fitzgeralds attitudes of the lower class carried out through the life of Gordon Sterret. Gordon kills himself because he is not happy with what his life has become. He has fallen from the wealthy class and now feels like a failure. The ironic part about his suffering is that he has let the wealth and glitter blind him from doing something good. All he had to do was marry Jewel, the only moral center in the story, and have a happy life. Gordon measured success by his rich friends standards, and because of this, his life came up short. Fitzgerald provides an ironic depiction of his attitudes towards social class and political affiliation. This story is filled with contradictions and it is difficult to pick out the individual attitudes as to which side Fitzgerald takes. The two attitudes come out simultaneously as depicted in the following passage, Through this Medley Dean and Gordon wandered; the former interested, made alert by the display of humanity at its frothiest and gaudiest; the latter reminded of how often he had been one of the crowd, tired, casually fed, overworked, and dissipated (33). This passage represents the inner region of the Venn diagram where both objects coincide. Only through biographical information can one say with confidence that Fitzgerald is a capitalist. Fitzgerald was extremely critical of the extravagant lifestyle, yet as seen through his descriptive style, extremely attracted to the glitter. He states that there just arent any solutions to the problems of a capitalistic society in th e following passage, Henry Bradin had left Cornell, where he had been an instructor of economics, and had come to New York to pour the latest cures for incurable evils into the columns of a radical weekly newspaper (44). Fitzgeralds writing style reveals his true love of capitalism. Fitzgerald approaches his writing in a relaxed and entertaining manner. The lavish descriptions and characterizations make the story flow with anticipation from one scene to the next. Of all the lines in this story, this quotation, Henry Bradin had left Cornell, where he had been an instructor of economics, and had come to New York to pour the latest cures for incurable evils into the columns of a radical weekly newspaper (44), makes Fitzgerald a better writer. He acknowledges the evils of capitalism, but realizes nothing can be done about them. Fitzgerald feels there is no need to revolutionize the impossible; Dos Passos argues the opposite. Dos Passos uses very plain and direct narration to convey his political ideals. Dos Passoss lack of creative language results in a mundane story line. He argues that the evils of a capitalistic society need to be restored with moral socialistic values; therefore, his writing is presented with a greater sense of reality. Dos Passos simply explain s the problem and his solution and I find this rather plain. .u27ef3ab9bfba4078eb4a1d55e833cb35 , .u27ef3ab9bfba4078eb4a1d55e833cb35 .postImageUrl , .u27ef3ab9bfba4078eb4a1d55e833cb35 .centered-text-area { min-height: 80px; position: relative; } .u27ef3ab9bfba4078eb4a1d55e833cb35 , .u27ef3ab9bfba4078eb4a1d55e833cb35:hover , .u27ef3ab9bfba4078eb4a1d55e833cb35:visited , .u27ef3ab9bfba4078eb4a1d55e833cb35:active { border:0!important; } .u27ef3ab9bfba4078eb4a1d55e833cb35 .clearfix:after { content: ""; display: table; clear: both; } .u27ef3ab9bfba4078eb4a1d55e833cb35 { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .u27ef3ab9bfba4078eb4a1d55e833cb35:active , .u27ef3ab9bfba4078eb4a1d55e833cb35:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .u27ef3ab9bfba4078eb4a1d55e833cb35 .centered-text-area { width: 100%; position: relative ; } .u27ef3ab9bfba4078eb4a1d55e833cb35 .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .u27ef3ab9bfba4078eb4a1d55e833cb35 .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .u27ef3ab9bfba4078eb4a1d55e833cb35 .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .u27ef3ab9bfba4078eb4a1d55e833cb35:hover .ctaButton { background-color: #34495E!important; } .u27ef3ab9bfba4078eb4a1d55e833cb35 .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .u27ef3ab9bfba4078eb4a1d55e833cb35 .u27ef3ab9bfba4078eb4a1d55e833cb35-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .u27ef3ab9bfba4078eb4a1d55e833cb35:after { content: ""; display: block; clear: both; } READ: The Invisible Man Essay PaperBibliography:

The Bata Shoe Organization free essay sample

1. Based on the economic freedom scales, what kind of differences do you think Bata might face in the Czech Republic and Slovakia? The Czech Republic is clearly further along in its progress to economic freedom than is Slovakia. In the Czech Republic, Bata is likely to face considerably less government intervention in its business than in Slovakia. Private property ownership and protection, property rights, and economic competition are likely to be more common in the Czech Republic. In Slovakia, Bata is likely to face greater political risks.Since economic freedom and political freedom usually go hand in hand (though China and a few other countries serve as exceptions to this â€Å"rule†), there is likely to be more political instability in Slovakia. It also appears from the case that Slovakia may not have a very positive attitude toward foreign investment (despite Bata’s roots in the region). Bata’s battle for restitution in Slovak courts may be a long and expensive process. We will write a custom essay sample on The Bata Shoe Organization or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page 2. What are the advantages and disadvantages to both Bata and the Republic of Slovakia of having Bata take over his former operations?Why do you think the Czech Republic allowed Bata to reenter the market, but Slovakia had not? * From a nostalgic point of view, Bata will be able to return to the home country. * Bata will gain access to large facilities and a huge market in Eastern Europe and the former Soviet Union. * The Czech Republic will gain access to Bata’s global design, production, and marketing expertise. They will be able to design better, more fashionable, and more reasonably priced shoes. * The Czech Republic might be able to get Bata to invest significant capital into the plant to get it up to world-class standards. Bata will create new jobs for Czech workers. Bata reentered the Czech Republic and not Slovakia because the two countries have very different economic environments. The Czech Republic is moving more quickly than Slovakia toward a free market system. 3. Given the countries that Bata is operating in, what challenges does Tom Bata face in trying to establish an effective political strategy for the company? Bata’s presence in dozens of countries complicates its political strategy. By and large Bata’s operations are independent units established in each country where the firm does business. As such, Bata is able to decentralize control of its political strategy—giving subsidiaries significant autonomy in managing relations with their respective government. Since important issues will vary from country to country, Bata must allow subsidiaries to identify the appropriate issues (step one of political strategy formulation) themselves. The strategies that are formulated to deal with those issues are likely to be subsidiary specific as well. 4. Why do you think Tom Bata, Sr. has joined the list of entrepreneurs who cannot bear to loosen their grip on businesses they started?What is the risk to the Bata Shoe Organization if Thomas J. Bata cannot find a way to retire? Having â€Å"grown† a business, it is often hard to turn it over to others who may have different ideas about how the firm should be managed. However, a mature, established business requires a different set of leadership and administrative skills than are needed by a young, growing firm. Thomas J. Bata led his firm through a period of great turbulence and growth—but both the world and the company are now very different than they were in the 40s, 50s, 60s, and 70s.The biggest danger facing Bata Shoes is the lack of a clear succession plan for the time when Thomas J. Bata either retires or dies. He needs to be laying the framework to provide as smooth a transition to another chief executive as possible. If a successor were being groomed the timing of Thomas J. Bata’s departure would not be as important, since there would already be someone in place making increasingly important decisions and ready to step in effectively when the time came.