Sunday, December 29, 2019
The Potential Cause Of Global Warming - 1689 Words
The potential causes of global warming are debated about by many scientists. Many scientists believe that global warming is natural while others believe it to be caused by mostly humans. Global warming may be completely natural for many reasons. First, Earth tends to go through cycles of heating and cooling and this wouldnââ¬â¢t be the first time our planet has begun to heat up unexpectedly. Second, nobody can directly correlate humans with global warming, we may emit CO2 but that doesnââ¬â¢t mean we caused it. Other people believe that humans caused the entire thing because of our CO2 emissions. If we werenââ¬â¢t emitting so much CO2 then the Earth would not be heating up at the rate that it is currently. The greenhouse gases that we emit go up intoâ⬠¦show more contentâ⬠¦CO2 is the main greenhouse gas that traps energy and majority of the cars that we drive today emit it so were are not preventing global warming at all. Global warming could potentially be completely natural. There is ââ¬Å"no real evidence that humans have caused Global Warming (S. Fred Singer).â⬠There is hardly any if any at all of evidence that supports humans are the cause of global warming at all. Not a single scientist has been able to say one hundred percent that humans are the cause of global warming. Nobody has been able to find a direct correlation between humans and global warming. Our CO2 emissions may not be helping it but we are not the main cause. If we did not exist our planet would still be going through these cycles of heating and cooling. This isnââ¬â¢t the first time our planet has begun heating and most likely will not be the last time either. It is just a completely natural cycle and there is nothing we can do about it. ââ¬Å"The glaciers are melting and the Arctic sea is disappearing but this doesnââ¬â¢t mean that it is caused by humans (S. Fred Singer).â⬠This only shows that Earth is warming but does not tell whether humans are causin g it or not. Earth could just potentially be on one of its warming cycles without any assistance from humans at all. The earth has seen many of these cycles and will continue to go through them as long as the earth is still present. If it was on one
Friday, December 20, 2019
Wells Fargo An Investigation - 1089 Words
Since 2011, Wells Fargo employees across the United States have been opening millions of fraudulent accounts in their customerââ¬â¢s names. (Egan, Matt) Combine the credit accounts with the deposit accounts you get about 2.1 million fake accounts of which 100,000 incurred fees totaling 2.4 million dollars. (Levine, Matt) Through multiple customers filing complaints and Wells Fargo ââ¬Å"whistleblowersâ⬠the fraudulent accounts were brought to light and Wells Fargo was taken to court in Los Angeles by the Los Angeles prosecutor and federal regulators in the middle of 2016. (Reuters) Whistleblowers are those who expose misconduct of organizations and their members. (Exploring Management) As a result of the federal investigations and the lawsuitâ⬠¦show more contentâ⬠¦(Exploring Management) They want to make their goals, but they know that the goal is set way too high to anywhere within reason. So many of the Wells Fargo branches did their best to keep up with the sales quota. So, to keep up they created the fraudulent bank accounts to appease their bosses. When it seemed that most of the employees were doing what they could to meet the quota, others knew of the unethical behavior and did not want to stand for it. So, they called Wells Fargoââ¬â¢s ethics hotline to report the fraud and poor treatment. It did not go as the employees had thought it would. ââ¬Å"One former Wells Fargo HR official said the bank had a method in place to retaliate against tipsters.â⬠(Egan, Matt) So, thus many employees lost their jobs reporting the unethical behavior and unethical sales practices. One horrible case of that included Bill Bado, ââ¬Å"Bado refused to open fake accounts. Sent emails and called the ethics hotline to bring the issue to light as was part of his job and was fired eight days after he sent the email. For supposed tardiness.â⬠(Egan, Matt) One from one ethical failure to another. You had Managers calling for unreasonable sales quota s, so then you had branch employees open fraudulent accounts, which in turn had ethical employees trying to blow the whistle at all the bad behavior only to be fired in return for doing the rightShow MoreRelatedWells Fargo Case Study1370 Words à |à 6 Pagesin the sector. Wells Fargoââ¬â¢s cross-selling culture helps them gain many new customers by opening multiple bank accounts for new and existing customers. Also by opening accounts for non-existing names. These actions attracted the attention of the mass media. According to Emily Glazer (2016), a frequent contributor to the Wall Street Journal, ââ¬Å"for more than 15 years, selling more products to customers has been a driving force of the San Francisco Companyâ⬠(para. 3). The Wells Fargo bank fell by itsRead MoreCase Study : Wells Fargo Bank1401 Words à |à 6 PagesWells Fargo Stumbled by Its Cross-selling Culture because Of an Abortive Management System caused by Unethical Behavior The Financial sector is confronted with high rate of competition. Getting new customers, increase turnover, integrating with new and existing information technology changes. A banking institution will not be left out of the contest to become the highest performing unit in the sector. Wells Fargo bank cross-selling culture which helps them to gain a lot of new customers by openingRead MoreWells Fargo, The World s Most Valuable Retail Bank Essay1130 Words à |à 5 PagesWells Fargo, the worldââ¬â¢s most valuable retail bank, has been fined to pay $185 million dollars after the exposure of schemes that defrauded customers in line with a business model, organized from the highest levels of the company, to boost its profits and growth (Beams). According to the US Consumer Financial Protection Bureau (CFPB), the bank opened 1.5 million store records and more than a large portion of a million accounts without clients authorization. Bankers moved assets from clients recordsRead MoreCor porate Tax Rate And Its Effects On The United States1553 Words à |à 7 Pagesinvested heavily in the U.K including Nomura, Toyota, Nissan and Honda. Japanese firms saw the U.K as a gateway when they invest there and now want reassurance that the country will limit harmful effects on the businesses. Other businesses may leave as well if EU laws are no longer valid after U.Kââ¬â¢s withdrawal. International banks are especially worried as the withdrawal may end the EU financial passport, which allows them to sell products to other countries. By leaving the EU, businesses, like autoRead MoreCompany Analysis : Wells Fargo Essay1390 Words à |à 6 PagesUnited States. Wells Fargo through it Retail Banking locations, offer its customers access to the full array of financial services, including banking, insurance, investments, mortgage, and consumer finance. Among the products and services offered by its Retail Banking locations. Like many retail banks it offers a great variety of checking and savings accounts; CDs; ATM, debit and prepaid products; Online Banking and Bill Pay; and remittance products. The complete product offering at Wells includes theRead MoreWells Fargo Case Study1666 Words à |à 7 PagesFraud At Financial Institutions: What Does The Wells Fargo Cases Portend For Policy In The United States? à Wells Fargo under fire after U.S. House Financial Services Committee announced they would launch an investigation into the bank. à There were allegations that employees had been covertly creating bogus accounts without customer authorization for years. à In this paper, I will provide an analysis of Wells Fargo fraudulent activity in the State of California by opening as many as 2 million fraudulentRead MoreKey Relationships Between Bank of America and Wells Fargo1040 Words à |à 5 PagesKey Financial Relationships: Bank of America and Wells Fargo Bank of America and Wells Fargo are separate banks, however; both of these institutions share many similarities when reporting their financial statements. The inter-relationships of the data provided in the statements seem to exemplify the correlation of accounting practices between these two banks. As large as these two banks have become, and as complex, one can see that the banksââ¬â¢ roots are still tied firmly to the basic accountingRead MoreHow Daily Business Affects Our Daily Lives906 Words à |à 4 Pagesconnections. Numbers are also my strong-suit, academically. When I was 13, I even skipped school to watch Facebookââ¬â¢s IPO on Bloomberg. Business is ever-changing, always exciting, and extremely important to modern society. Not to mention, it pays, and very well in some instances. Every day business affects our lives in very substantial ways. This can be especially true when it comes to our retail experience as a consumer, and our living situation as a worker. According to company filings, Walmart is theRead MoreA Brief Wells Fargo s Fraudulent Accounts Issue1202 Words à |à 5 PagesI am writing to you regarding recent Wells Fargoââ¬â¢s fraudulent accounts issue. Today, we see ethical failings repeatedly in corporate America despite the talk of the importance of ethics. While people have seen from previous scandals that the gains from unethical schemes are short-lived and result in much larger repercussions, recent corporate scandals prove that the lessons of previous scandals have not yet been learned. Recently, Wells Fargo employees, trying to meet onerous sales goals, createdRead MoreTop Three Levels Of Management Essay1585 Words à |à 7 Pageshighlights the roles of both the CEO and the Board of Directors is the exposure of fraudulent sales activities at Wells Fargo in 2016. Wells Fargo used a ââ¬Å"Management by Objectives (MBO)â⬠model of management where ââ¬Å"managers and employees define goals for every department, project, and person and use them to monitor subsequent performanceâ⬠(Daft, 2013). One objective valued by Wells Fargo managers was to increase the average number of accounts held by each account holder; for instance, they would contact
Thursday, December 12, 2019
Effective Communication Case Study Analysis free essay sample
Rides It Out Communication can be defined as ââ¬Å"a process by which information is exchanged between individuals through a common system of symbols, signs, or behaviorâ⬠(Merriam-Webster, n. d. ). For communication to be considered effective information shWhen this occurs, the organizations can only measure the effectiveness by analyzing consumersââ¬â¢ actions. Some companies have a thorough understanding of their customers and excel with effective communication. One such company is Johnson Johnson. The purpose of this paper is to present a case study analysis on Tylenolââ¬â¢s crisis management plan and analyze how effective they were with communicating to their publics. Case Overview In 1982 several people died unexpectedly in the Chicago area for unknown reasons (Center Jackson, 2003). Generally, occurrences such as these would not be considered abnormal for such a large area, however; three of the victims were from the same family and they all died during the same period (Bell, n. d. ). After a physician at the hospital where the family members had been taken became suspicious, it was discovered that all three family members died of cyanide poisoning (Bell, n. d. ). Further research uncovered evidence the three members of the family had ingested Extra Strength Tylenol shortly before their deaths. A search of the home revealed a bottle of Extra Strength Tylenol, which upon testing, revealed cyanide had been added into the capsules (Bell, n. d. ). One of the deaths prior to the three family members was also quickly linked to Extra Strength Tylenol. At this point it was determined not to be an isolated incident and was more widespread (Bell, n. d. ). In all, there were seven known victims that had died from the Extra Strength Tylenol capsules that were laced with 65 milligrams of cyanide (Bell, n. d. ). It was determined this large quantity of cyanide found in each capsule was enough cyanide to kill 10,000 people (Bell, n. . ). When Johnson Johnson received the news that their product was the cause of all the deaths, the organization was faced with a very serious crisis management situation. Public Relations Tools Upon learning of the connection between their product and the cyanide poisonings, Johnson Johnson reacted very quickly to the crisis. The company began by sending ou t nationwide alerts to all doctors, distributors and the public. Although it was determined the bottles had been tampered with after they left the manufacturer, Johnson Johnson still issued a massive recall of 31 million bottles of Tylenol (Susi, 2002). This public relations approach showed the public the company was socially responsible and the protection of the people was more important than any effect to Johnson Johnsonââ¬â¢s bottom line. The decision to recall so many bottles of Tylenol is estimated to have cost the company over $100 million (Susi, 2002). On the other hand the benefit to the company was increased consumer trust which was far more valuable to Johnson Johnson because it was a positive reflection to their reputation. During the crisis the community was not only notified by Johnson Johnson of the situation. In the Chicago area, the local police drove through the neighborhoods announcing the danger of the pain medicine (Bell, n. d. ). In addition, the Food and Drug Administration (FDA) also played a pivotal role in educating and calming the public. The FDA held several press conferences which helped alleviate some of the hysteria that was occurring throughout communities (Center and Jackson, 2003). Johnson Johnson also used the news media to get the message out to the public. This could have been a risky endeavor, however; Johnson Johnson was able to effectively use the news media to make it clear the company was not to blame for the deaths. They were able to make it clear the act was done by a terrorist outside of the company who used their product as a tool to take the life of innocent people (Bell, n. d. ). Two months after the Tylenol recall, Johnson Johnson was ready to reintroduce their products to consumers (Susi, 2002). To alleviate fears over the safety of the product the bottles had a new triple seal tamper resistant packaging (Susi, 2002). Johnson Johnson was the first company to comply with the new FDA regulations on tamper-resistant packaging that is now required on all over the counter drugs (Susi, 2002). Through media releases and commercial advertisements, Johnson Johnson motivated consumers to buy only over the counter drugs that had the new safety measures. As proof of Johnson Johnsonââ¬â¢s successful public relations tactics, within five months of the crisis, the company had regained 70% of itsââ¬â¢ market share (Mallenbaker, n. d. ). Their success continued to grow and there is some findings that would suggest consumers have rewarded Johnson Johnsonââ¬â¢s positive handling of this crisis by switching from other pain relievers to Tylenol (Mallenbaker, n. . ). Publics There were many publics Johnson Johnson had to communicate with. One of those was the internal publics of Johnson Johnson which consisted of all the employees and stakeholders. The company did an exceptional job of keeping their employees and stakeholders informed throughout the crisis. To keep the internal publics aware of the steps being taken, Johnson Johnson issued several publications explaining h ow the company was responding to the crisis (Center Jackson, 2003). There were also several external publics such as doctors, distributors, customers, communities, and the media that Johnson Johnson had to be concerned with. Considering the period when this crisis took place, the communication to these publics was exceptional. As mentioned earlier, between all the news conferences, third party involvement and company recalls, the external publics of Johnson Johnson were kept well informed. Johnson Johnson also made known their company credo which had been written and followed since the mid 1940s (Center Jackson, 2003)). The credo was well publicized and it offered an explanation to why the company acted as they did. The credo begins with ââ¬Å"We believe our first responsibility is to doctors, nurses and patients, to mothers and fathers and all others who use our products and serviceâ⬠(Center Jackson, 2003). The company did an excellent job with this communication and along with their actions the public knew these were not just words on paper. Public Relations Today If the same crisis happened today, a company such as Johnson Johnson would have to act very quickly to the situation and would need to be concerned with more media outlets. With 24-hour news coverage and the unlimited boundaries of the internet, news is disseminated more rapidly and across the globe. The public relations practitioners at Johnson Johnson would need to be aware of the target publics and be able to respond without hesitation. I believe as long as Johnson Johnson reacted quickly and continued to provide open and honest communications the same success could be achieved today. An advantage that a company has now over previous years is the ability to get information out to more people in less time. More people have access to numerous media outlets which only increases the likelihood of the message being received in a timely manner. If Johnson Johnson effectively used the numerous different outlets to get the message out and continued to maintain their high ethical standards the results would be the same as they were in 1982. References Bell, R. (n. d. ). Death in a bottle. Retrieved online November 11, 2007 from http://www. crimelibrary. com/terrorists_spies/terrorists/tylenol_murders/ index. html Center, A. H. , Jackson, P. (2003). Public relations practices: managerial case Studies and problems, 6ed. Prentice-Hall, Inc. Retrieved online November 11, 2007 from https://ecampus. phoenix. edu/content/eBookLibrary/content/eReader. Mallenbaker, M. (n. d. ). Companies in crisis ââ¬â what to do when it all goes wrong. Retrieved November 12, 2007 from http://www. mallenbaker. net/csr/CSRfiles/crisis02. html Merriam-Webster Online (n. d. ). Communication. Retrieved online November 11, 2007 from http://www. m-w. com/dictionary/communication. Susi, R. (2002). The tylenol crisis, 1982. Effective Crisis Management. Retrieved online November 11, 2007 from http://iml. jou. ufl. edu/projects/Fall02/Susi/index. htm.
Thursday, December 5, 2019
NYTimes Article Category #2. Ciara Jamie Connolly Essay Example For Students
NYTimes Article Category #2. Ciara Jamie Connolly Essay youNYTimes Article Category #2.Ciara Jamie Connolly05.02.00Submitted 05.04.00Searching For Dark Matter, With Both Eyes Closed. In a deficit-reduction measure in 1993, the Congress killed plans already underway for building the superconducting super collider. This proved that the US was ill prepared to join their European colleagues in studying subatomic particles in the nucleus. This $10 billion machine designed to speed protons around a 54-mile track and collide them, so scientists could examine the quarks, elementary particles said to be at the heart of the nucleus. This machine is the utmost in technological advancement this century. European physicists are leading the way with their laboratory, unchallenged in a prestigious field the United States had pioneered. Without particle smashers, scientists are in the dark, Michael Riordan states. This article fits into Category #2 because it shows the importance of the particle accelerators in helping ascertain scientific theories. If the theories hold true then billions of tiny particles may be the explanation of the dark matter that surrounds the Milky Way ga laxy in a halo. These particles are thought to have a gravitational force. The United States do not have a dismal record of international co-operation on scientific megaprojects, and without this they will be unable to finance the project. Until now American scientists have had to travel to the sites of particle accelerators, in the technological domain of the machine they had thrived to build. However, this method will not work if the United States want to remain equal partners. Without the technology it is obvious that particle physicists face a difficult future. The technology that needs to be at their fingertips is proving too expensive. If they had constant access to a superconductor collider then the scientists could further their conclusions on the dark matter of the universe. Bibliography:
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