Develop an ethics program for a company Essay Example | Topics and Well Written Essays - 1750 words

Develop an ethics program for a company - Essay Example s regard, the government also puts in considerable amounts as donations to the non-profits that help the government in rendering public services and other socially-relevant works. There are many issues involved when doing non-profit work but foremost among them is the proper and accurate handling of donated funds. This means there should be proper accounting and audits of where the funds were spent and whether these funds achieved their intended purpose. When government funds are involved, then more reason for a consultancy firm to have a code of ethics adopted as early as possible. This should ideally be put in place before any of the criticisms from various stakeholders get loud enough (especially coming from politicians) to severely impede the effectiveness of these non-profit organizations to do their work. It can only mean the consultants will not deal with non-profits which have questionable dealings and other activities which do not jive with their stated public service mandate. There are practical and great reasons why a code of ethics should be put in place and primary among the reasons is that it is very easy to misrepresent the organization in the name of supporters, donors or the beneficiaries (Horton & Roche, 2010, p. 79). If funds are misused, credibility suffers. Management consultants follow their own code of conduct when dealing with clients. In particular, a consultancy firm that deals mostly with non-profit organizations which derive their funding mostly from government donations must pay close attention to how these funds were obtained from the donating government agency and how proper the disbursements were. This paper talks on the broader responsibilities of management consultants and will discuss on the ethical aspects of providing consultancy services to government-funded non-profit groups. My three-member company will adopt a code of ethics built along the following line, namely: Client Services – all employees of the consultancy

The Airline Industry Case Study Example | Topics and Well Written Essays - 1000 words

The Airline Industry - Case Study Example (Berg, 2008). This achievement is indeed remarkable against the backdrop of escalating fuel prices, rising operating coats and fierce competition in the airlines industry, either leaving many airline companies to close shop, or seek mergers and strategic alliances with larger airlines, to save themselves from virtual extinction. Business strategy in terms of quick, short and multiple entry and departures from secondary airports, or short haul flights, which not only add to revenues but also cut downs operating costs and saves fuel dramatically. Larger airlines are committed to long haul services, especially over global skies, which, economically speaking, freezes revenues and incurred large burn-out of fuel. When a comparative analysis of short flights and long hauls are made, it is seen that the former serves profits and revenues more loyally and conscientiously than the latter. It is necessary for a no frill airlines like South West to work "with new schedule planning tools and processes and fleet flexibility," so that Southwest are " well-positioned to respond to a rapidly changing environment and have the flexibility to adjust our flight schedule, as necessary, to eliminate unproductive flying." (Berg, 2008). The Company has entered into understanding for hedging 80% of estimated fuel needs with values assigned being approx. $ 61 /barrel. Based on this, the present market value of fuel derivatives for 3Q 2008 to 2012 works out to around $4.3B, taking into account the conspicuous hike in fuel prices in recent years. The table shown below takes into account the futures hedging transactions scripted for forecast 2008 through 2011. Serial Year Derivatives contract as percentage of fuel consumptionAver Barrel Crude price US$ 1. 4Q. '08 80% of fuel consumption58 2. 2009 70% of fuel consumption66 3. 2010 40% of fuel consumption 81 4. 2011 20% of fuel consumption 77 5. 2012 20% of fuel consumption 76 (Berg, 2008). The future of airlines is dependent upon American economy: The airlines industry in the US depends heavily upon the state of economic health prevailing in the country. This is because the predominance of good economy translates into greater economic activities, which could encourage air travel for business. In the present context, the world economy, and particularly, US is in a state of flux. Privatization of airlines had its share of economic prosperity, but is not without challenges. As a result of open skies policies, many small airlines companies came into the field, and more significantly, upturned the business prospects of large, established players, whose heavy overheads, spiraling operating costs and high ticketing structure resulted in unmitigated disasters.. Smaller, leaner and low cost airlines companies, with just the minimum infrastructure necessary, provided much better service at much lower costs. Larger companies were forced to merge or close operations. Moreover, it is also seen that the airlines industry in the US are highl y concentrated, with 90% of the revenues generated from just "the