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ULASAN PENSYARAH/ LECTURES COMMENTARY NOTES MGM4136

ULASAN PENSYARAH/ LECTURES COMMENTARY NOTES MGM4136. MINGGU 2. COMMENTS ON WEEKLY REPORT. - SHOULD BE EQUALLY BALANCE BETWEEN TEXT BOOK CONTENTS AND REAL LIVES EXAMPLES TEXT BOOK CONTENTS REFERS TO EXPLANATION ON IMPORTANCE, BENEFTS, ORGANISATION FUNCTIONS ETC. (which all of us can read !).

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ULASAN PENSYARAH/ LECTURES COMMENTARY NOTES MGM4136

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  1. ULASAN PENSYARAH/LECTURES COMMENTARY NOTESMGM4136 MINGGU 2

  2. COMMENTS ON WEEKLY REPORT - SHOULD BE EQUALLY BALANCE BETWEEN TEXT BOOK CONTENTS AND REAL LIVES EXAMPLES • TEXT BOOK CONTENTS REFERS TO EXPLANATION ON IMPORTANCE, BENEFTS, ORGANISATION FUNCTIONS ETC. (which all of us can read !)

  3. PROVIDES EXAMPLES • REAL LIVES EXAMPLES GATHERED FROM NEWSPAPERS AND PERIODICALS • DON’T FORGET ACADEMIC JOURNALS. EMPHIRICAL RESEARCH PROVIDES GOOD APPLICATION OF THE CONCEPTS DISCUSSED

  4. FOCUS • THESE COMMENTARY NOTES LARGELY FOCUS ON THE ISSUES AND IMPORTANT EVENTS RELATED TO THE TOPICS

  5. A. CORPORATE GOVERNANCE • MOST PRESENTATIONS • DO NOT EXPLAIN THE IMPORTANCE OF CG FROM COUNTRY PERSPECTIVES • LACK OF RECENT EVENTS • DETAILS OF THE IMPACT OF GOOD CG

  6. THE IMPORTANCE OF CG FROM COUNTRY P’PECTIVES • HIGH STANDARD OF CG PROVIDES GREATER OPPORTUNITY FOR FIRMS TO EXPAND, FROM SMALL TO BIGGER FIRM, AND MUCH BIGGER AS A PUBLIC LISTED COMPANIES • THIS INCORPORATES THE COUNTRY AMBITIONS TO STRENGTHEN ECONOMIC GROWTH

  7. WELL MANAGED FIRMS RUNS HIGHER PROFIT, AND THEREFORE INCREASE • GOVERNMENT TAXES/REVENUE

  8. 2/RECENT EVENTS • SATYAM CORPORATIONS, TAINTED-MILK CASE IN CHINA, PKFTZ • OTHERS- ENRON, WORLD.DOM, PERWAJA • CORRUPTION CASES IN ANY PART OF THE WORLD

  9. CAUTIONS • HOWEVER BE CAUTIOUS AS SOME OF THESE CASES ARE EITHER; • -STILL UNDER INVESTIGATION • -MANAGEMENT WAS CHARGED IN COURT AND FOUND GUILTY • MANAGEMENT WAS CHARGED IN COURT BUT NOT FOUND GUILTY

  10. B. ETHICS IN BUSINESS • Simply stated, ethics refers to standards of behavior that tell us how human beings ought to act in the many situations in which they find themselves-as friends, parents, children, citizens, businesspeople, teachers, professionals, and so on; in their everyday dealings in business activities

  11. Cases • Student presentations have largely unable to provide real examples of cases which occur in Malaysia or overseas. Find more about the following cases which have invited a lot of debates; • -internet bloggers and ethical writing • -piracy of cds, books and IP • -product safety

  12. Issues, cont • Corruptions/bribes/gifts • High interests for loans in Along cases and some financial institutions • Spying business competitors-eg Mclaren charged for spying of Ferrari? • Recruiting relatives in jobplace • Fur clothings

  13. Issues, con’t. • Extinction of natives medicinal plants such as tongkat ali due to high demand and too much of commercialisation? • Scientific innovations eg. Sperms made in the lab., the Dolly, choosing gender of the unborn babies, etc • Beauty & cosmetic –transplants, botox, nip and tuck etc.

  14. C. INTELECTUAL PROPERTY • Major issues; • Piracy and duplications (Cds, books etc) • Plagarism (student thesis etc) • Fake university certificates (e.g.recently in Singapore)

  15. Herbal industry- cases where foreign western companies gain rights of ownership to commercialise natives originate products

  16. D. VIRTUAL ORGANISATION SYSTEM • MAJOR ISSUES • - WEBSITES OF VO OFFERING HIGH RETURNS ON INVESMENTS -

  17. RISK MANAGEMENT • Following issues are related to the different types of risks and managing risks; • - insurance; hidden conditions in agreements can cause policy holders at a loosing end • - false claims by policy holders • -identifying risks may not be easy such as in short and long term financial investment • -H1N1 and travel warnings

  18. THE END • STUDENTS SHOULD MAKE EFFORTS TO PROVIDE DETAILS AND FACTS ABOUT THE MAJOR ISSUES • THE END (FOR NOW, I WILL ADD MORE)

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