General Electric As A Global Company - 1439 Words

General Electric is a global company that provides diversified products and services as well as continuing to create and improve on many different products and services. The company has endured economic hardship during some of the most difficult economical and social periods in United States history. General Electric operates in both domestic and global environments and thrives in many parts of the world that could be considered economically challenged. General Electric has products and services that include functions with power and water, electricity, aviation, healthcare, transportation, and capital. Jeffrey Immelt is the current Chief Executive Officer. Under his leadership, General Electric has maintained the company’s status as the†¦show more content†¦Utilizing patents that belonged to each business, both companies were having increased difficulty producing completely independent electrical installations. The solution was to bring both businesses together and f orm one conglomerate. In 1892 the General Electric Company was born. The culture established in the merger would lead General Electric into the future and determine how successful the company would become. Organizational culture encompasses the values and assumptions shared within an organization. (McShane Glinow, 2015) The organizational culture in General Electric is established by the many qualities of the company and its employees that assist in helping design the future direction of the organization. Evidence of General Electric’s organizational culture can be found in the organizational symbols that the public readily identifies with. The most obvious symbol of General Electric is the company logo. The visual representation of General Electric starts with a circular logo that is meant to represent the company’s timeless quality. The smaller markings inside the circle allude to the constant motion and innovation the company maintains with its products and services. The interconnected initials are also meant to symbolize connectivity and fluidity as well as the sophistication of

Unit One Assignment Fraud Basics - 879 Words

Iroda Yakubova Unit One Assignment: Fraud Basics 1. In my opinion, non-shareable financial need is the most important in causing executives, managers, and employees to commit occupational fraud. The proxies become â€Å"criminals on trust† in the case of they start to have financial difficulties, which they cannot share with nobody. They think that available option to perform completely secret financial fraud and able to give an explanation to their behavior in a given situation, allowing to reconcile presenting itself as an reproof trust the people and how user entrusted funds or property. Cressey classified very detailed and described the part of triangle, which is a pressure of circumstances and â€Å"undisclosed† problems: violation of†¦show more content†¦Good control contributes to the modeling and the promotion of behavior befitting personnel, recruitment of staff and the most honest understanding of their responsibilities. 3. The current global recession is so severe that all these factors (motivation / pressure of external circumstances, the ability to commit fraud, and the ability to justify action) became more relevant than ever. A threat to the economic survival of the company or person, the line between acceptable and unacceptable behavior may seem to some people is much less clear. Now is becoming more common this type of fraud, as a distortion of the financial statements. A significant increase in crimes of this type can be explained by failures in the control system, which occur as a result of cost reductions. Impact and pressure associated with the need to achieve the targets against the background of an increasingly complex situation. A significant part of economic crimes are committed with the direct involvement of employees or in collusion with persons working in the company. One possible reason could be a better understanding of the company s business (including its strengths and weaknesses) employees compared with external parties, which puts employees in a better position to commit unlawful acts. Most of the illegal acts committed, unfortunately,

Issues on Paying College Athletes Free Essays

For several years amateurism has posed a big controversy in college sports. Being a professional athlete is making the final cut, this is when athletes get paid for their talents for the use of entertainment. The athletes are given contracts due to their level of skill and performance. We will write a custom essay sample on Issues on Paying College Athletes or any similar topic only for you Order Now College is for students to get an education and prepare for a career. Most athletes attend college to get an education just in case they don†t make it to a professional sport level. College athleticism could be considered a stepping stone, it is a preparation stage for student athletes hoping to move on to the professional level. Many athletes attend college and play sports, but when they get to the professional level, they still aren†t capable of performing as well as expected. This is not the case with every athlete though, some of these young amateurs hit the professional league and explode and achieve beyond their expectations. Some of the collegiate athletes hit the professionals and perform better than experienced veterans. In the light of these facts, the question: â€Å"Should college players be paid? † is often posed. This question has been tossed around for a good number of years. It has probably been discussed since before college basketball players began to leave school early to become pro. As a college athlete I often feel that I deserve something extra, but every time I feel this way I always end up re-evaluating the situation. Once I†ve actually thought through the situation, I usually come to the conclusion that college athletes are already being paid. The education we receive and the experience of earning a college degree has no price value. This is the same thing South Florida coach Seth Greenberg stated when he was asked: â€Å"should college basketball players be paid? † in a series of questions asked by The Tampa Tribune (available at tampabayonline. net/final4/qa. htm). It is a fact that college athletes generate millions of dollars of revenue for universities, but despite the question, there are very important facts that are overlooked when it comes to discussing this issue. As I stated earlier, it is fact that college athletic programs produce a large sum of money. This money usually comes through television rights fees, bowl games, ticket sales and other means. In light of these facts, many believe that student athletes deserve more than just a scholarship or grant for their efforts. These facts could bring one to conclusion that the financial arrangements between universities and student-athletes are unfairly balanced in the favor of the college institutions. There are many hidden facts that explain the impossibilities to pay our student athletes. At Notre Dame, for example, grants-in-aid to student-athletes are worth about $5 million a annually. Add that to the millions of dollars spent on travel, housing, equipment, health care and several other cost and pretty soon, you are talking about big time money. So, while athletes generate millions of dollars for universities, there are also millions of dollars in expenses, most of which directly assist the student-athletes. Even at smaller colleges that do not generate as much money as the universities, the money generated through the sporting events usually invested in equipment and other necessities for the student-athletes. In other words, it is a two-way street, college athletes are well compensated, in other words well paid already. Without college most of America†s young athletes wouldn†t even get the exposure needed to make an impression on for the professional leagues. The system has been around and working for many years now, the thought of changing the rules to enable college athletes to be paid seems to me as a total act of greed. As stated by Mark (mla@Hoopnet. net) in an article found at www. mhoops. com: â€Å"the whole stinking show is rift of greed in my opinion. It is a fact that CBS forks over $3 billion, this is proof (in their minds) that they don†t need to change anything. I feel that if this money were cut, they would change things as quickly as possible. I see athletes being paid in college as a disadvantage, not only to the less wealthy schools who wouldn†t be able to afford the better players, but to the student/athletes as well. I feel that the colleges with the most money, and the wealthiest alumni†s will always have the very best teams in college sports if this happens, this will leave the less wealthy colleges with the bottom of the barrel players. How could you expect the less wealthy schools to ever win? How fair could this rule transition be? Paying players to attend a school is cheating them of the education they would have gotten better at another school to give them a better chance at winning a game of football, basketball, or what ever kind of sport they play. Sports are not promising, any athlete could have a career ending injury at anytime; however, the education they receive will always be able to open doors for them. Another reason why I feel that college athletes shouldn†t be paid is because it is too expensive. Many colleges are not on the best budget. Some barely make enough money to support their team sports. CBS college basketball analyst Bill Packer, in the same Tampa Tribune question series listed above states: â€Å"It†s a moot question (Should college athletes be paid? ). Under Title IX, what colleges do for one sport it has to do for all. Because of that, the funds aren†t available to pay students from each of a school†s athletic programs. Paying [basketball players] is thrown out a lot in discussion, but if people understood the process of Title IX, they would realize paying players would be an impossibility. This is something easily understandable, if colleges could afford this kind of money then they should be able to afford more and better scholarships. College is a place for education. Many people look at the money generated by college sports and start to imply that the athletes bringing this money in should benefit from it. These same people never seem to see that the college athletes already are. If these students were never given scholarships to attend these colleges then they probably wouldn†t be there. The same athletes you see playing the many different sports they play in college, would more than likely be playing these same sports back home in the neighborhood just for fun if they weren†t attending college. This makes you wonder: â€Å"why can†t they play sports in college without being paid? † there isn†t much of a difference. The opportunity to get an education should be enough, too many people get caught up in the money though. The world of sports has changed enormously because of greed. Professionalism is the level when athletes get paid. Paying college players would completely eliminate amateurism. That would make college players professional, but professionals are supposed to be the best of the best, the cream of the crop and all college athletes are not amongst the best: â€Å"so why should they be paid? † Under the article of Title IX, paying one player means paying them all, and paying one sport means paying all sports in an institution, since all collegiate athletes aren†t the best players it seems to be a waist of money. The idea of paying college athletes is very demeaning. Since it is a known fact that many athletes do not go to class, and stay involved in many mix-ups, the idea would only bring forth more comodity. I think paying college athletes would bring in more students who have no purpose in college besides playing sports. This would also affect the population at many schools. I also feel that this would be asking for more incidents and to occur. As many athletes get involved in violations at universities with partying, drinking, and drugs, one would think that these rates would rise with several students who have no intentions on becoming educated on campus. This matter could be stereotypical, but at the same time it is a fact that several athletes drop out, flunk out, or are kicked out of school. My position is to keep them out, and not paying college athletes is one of the major ways to do so. If college athletes begin to get paid everyone will want to attend and for many that would be the only reason. This is not what college is designed for. College is a task, an opportunity, not a job, but it will prepare you for one in the future, if you prove yourself there then you will be paid. The principle is that the only way to eliminate this question would be to pay the college athletes, but that would produce a great decline in the population of education. To perform a task such as; colleges would have to drop all â€Å"scholarship† college sports and allow colleges either to run Division III programs or own minor league teams where the players are paid (under some salary cap) but they wouldn†t need to be college students. That would bring forth the problem of distinguishing: getting the best students in a college and getting the best players. . I think that would take away from our society and economics, leaving us with fewer professionals. College athletes should not be paid, this would eliminate the sole purpose of attending college. Who would attend class. How to cite Issues on Paying College Athletes, Papers

Dominant Culture free essay sample

A dominant culture, which is characterized by its wide prevalence and strong influences, always exerts huge influence and imposes pressure upon minority cultures. In the memoir, When I Was Puerto Rican, Esmeralda Santiago recalled her childhood both in Puerto Rica and America, and revealed how American culture affected Puerto Rican culture and traditions. In the 1940s, people in Puerto Rica experienced intensive cultural impact from their powerful neighbor country, America. In Santiago’s hometown, people were given lectures about health, food and sanitation by the experts from America, and invited to eat breakfast in American style. Under the influences of American culture, more and more Puerto Ricans changed their lifestyle and, to some extent, gave up their traditions. Moreover, students in the school were asked to learn English, which was like a key to open the door of American culture. Since China opened to the west, there had been a tendency that Chinese youth generation showed more interests in English than their native language. In some cases, the reason that one culture becomes dominant is a large number of people following it; however, people from minority cultures face pressure and exclusion from majorities in the dominant culture. When Santiago moved to Santurce, people in her school were mean and rude to her. Under the influence of a dominant culture, people from other cultures are expected to adjust their lifestyle and change their language, and face pressure from the dominant culture as will be shown using evidence from When I Was Puerto Rican. Culture and traditions from America gradually spread and prevailed in Santiago’s hometown, and many Puerto Ricans experienced a transition of the lifestyle. Compared with Puerto Rica, America was more advanced in almost every field; meanwhile, Americans attempted to promote their culture and traditions to the country they considered less developed. After attending the presentation about food, sanitation and health form the American experts, Puerto Ricans gained an opportunity to try something new in their life. For instance, after being given scientific demonstrations about human teeth and the importance of sanitation by the experts, Santiago’s mother made a change. Santiago stated that, â€Å"At home Mami gave each of us a toothbrush and told us we were to clean our teeth every morning and every evening† (68). Obviously, the mother tended to accept the new lifestyle that was used to be viewed as a cultural invasion from America, and she took steps to adjust their life in an American way. The change she made gave people a glimpse of how the dominant culture affected Puerto Ricans, and how people appeared less stubborn and reluctant to the new lifestyle. In addition, children were teamed to have American breakfast. In contrast with people’s prejudice that American food was disgusting, Juanita Marin’s reaction towards the breakfast was surprising. â€Å"‘This is great! ’ she chirruped in her ready voice, lips wet with anticipation ‘Wow! ’ she oohed again† (76). Juanita Marin showed her satisfaction with the exotic food, which reflected her preference to American food, and implied her expectation of the new lifestyle. Therefore, the transition of the lifestyle took place while people were under the influence of the dominant culture. Other than the change of lifestyle, people are expected to adjust their language when they face the cultural impact. As Americans proceeded to exert influence on many fields in Puerto Rica, they also attempted to make a change in language. In school, Santiago and her classmates were given the English class. The teacher taught students English through song, like â€Å"America the Beautiful. † It was obvious that the teacher tried to make a connection between English and people’s impression of America. By this way, students were encouraged to speak English and learn about America. ‘They (Americans) want to change our country and our culture to be like theirs. ’ ‘Is that why they (Americans) teach us English in school, so we can speak like them? ’ ‘Yes. ’† (73). Santiago’s father confirmed that Americans intended to promote their culture to Puerto Ricans by teaching people English. Once people altered to speak English, it represented that they accepted American culture. As American culture prevailed in China since the 1980’s, more and more Chinese showed their eagerness for English. Most importantly, youth generation preferred learning English to learning Chinese. When young people thought English was a cooler language than Chinese, speaking English became fashion. The phenomenon reflected the prevalence of American culture in China, and people’s admire of the dominant culture. Sometimes, a dominant culture is a culture followed by a large majority of people; however, people from other cultures may be imposed on pressure and discriminations. After Santiago arrived at Santurce, she struggled to assimilate into the new environment because people were very mean and rude to her. Everywhere she went, she was different from the local people. People labeled her as a Jibara, but â€Å"in Santurce a jibara was something no one wanted to be† (39). â€Å"‘What a Jibara,’ children jeered when I (Santiago) recited a poem in the dialect† (39). Having been a person not from the dominant culture, Santiago were treated in a disrespectful way. It could be imagined that Santiago suffered from the discrimination. â€Å"Already I (Santiago)’d be singled out in school for my wildness, my loud voice, and large gestures† (39). Other than showing contempt for her, people shunned her. Being marginalized and excluded form the many social groups, Santiago experienced hardship and felt pressured. Therefore, pressure and discrimination are what the dominant culture imposes on people from other cultures A dominant culture is a culture that is the most widespread, influential and powerful within society in which multiple cultures are present. While the dominant culture expands its influence, other cultures can experience different kinds of impact from it. People experience a transition of their lifestyle under the influence of the dominant culture. By the promotion from American experts, Puerto Ricans developed a hobbit of brushing teeth and showed their affection of the breakfast in American style. In addition, people are expected and led to change their language. The young people both from Puerto Rica in the 1940’s and current China were encouraged to learn English, which of is the symbol of American culture. Finally, Having been different from most local people who represented the dominant culture, Santiago was subjected to discrimination and exclusion. Thus, under the influence of a dominant culture, people from other cultures change their lifestyle and language, and face pressure.