Timmco, Inc. is a publicly traded corporation located in Denton, Texas that makes and sells high-pressure industrial spraying equipment used in many different commercial liquid spraying applications. It prides itself on its top-quality manufacturing processes and promotes its products as “100% made in the USA.”
Sales have been declining recently due to competition from lower-priced sprayers made by foreign competitors and has resulted in Timmco looking for ways to reduce costs. One option under consideration is to find a new source for the high-pressure valves used in its products. These valves are complicated mechanisms that operate under very high internal pressure. The quality and durability of these valves is a very important component to the company’s products. This is because if the valve was to burst, it would propel pieces of metal with great force in all directions. This would pose a significant hazard to anyone in the nearby area, including the operator of the equipment.
Timmco currently has a five-year contract to purchase 1,000 valves a year at $2,500 per valve from Blagg Industries, a small privately owned business located in Boone, North Carolina. The contract has been in place for three years and has two more years to run.
Blagg Industries has a dozen employees. Timmco is its primary customer. If Blagg Industries loses Timmco’s business, it would most likely have to lay off employees and might even go out of business.
Timmco is considering outsourcing the valves from Sanco, an overseas supplier in the country of Slawrovia, instead of buying valves from Blagg Industries. The Sanco valves only cost $1,000 each but are known to be of lower quality than the Blagg Industries valves and are more likely to burst. Sanco can supply these valves at such low cost because they pay their workers, including children, less than the equivalent of $5 per day and work them long hours in hot, dangerous conditions. However, these practices do not violate local labor or employment laws.
Slawrovia is a poor country, but it has a large government bureaucracy, and there is a lot of “red tape” involved in getting approval to export manufactured goods to other countries. In fact, it might take more than a year for Sanco and Timmco to obtain the necessary approvals for Sanco to export the valves to its manufacturing facility in Texas. However, the CEO of Sanco informs Timmco executives that he is related to the Slawrovia Minister of Commerce and that the export process can be completed in less than a week. But for this to occur, Timmco must make a $20,000 “gift” to this government official. The Sanco CEO further explains that these types of payments are a common business practice in Slawrovia.
In addition to finding a new, low-cost valve supplier, Timmco plans to increase sales by running a new marketing campaign that focuses on their commitment to American-made quality. The tagline will be “Made in the USA by Americans, for Americans.”
Assume you are a high-level executive at Timmco and have been requested by the company’s board of directors to analyze the legal and ethical issues presented by this scenario.
Your legal and ethical analysis should:
6 pages
apa
3 references min use book Prenkert, J. D., Barnes, A. J., Perry, J. E., Haugh, T., & Stemler, A. R. (2022). Business law: The ethical, global, and digital environment (18th ed.). McGraw-Hill.
WK1 DQ1
Please find below additional information on how to compose your initial response to the Discussion prompt as well as how to respond to a post by one of your peers.
Learning to think strategically. Netflix vs blockbuster – What happened?
Please view the YouTube video below, on Blockbuster vs. Netflix. After viewing, please identify the top 3 to 5 key indicators that were occurring in the environment and explain why you think blockbuster did not recognize the technology changes in the environment. Please post in the discussion board and create a discussion thread to answer the question. Remember to review the discussion rubric and guidelines for postings.
· Blockbuster vs. Netflix – Video
350-500 WORDS
REFERANCES: A LEAST 2
Add your personal experience with both blockbuster and netflix.
Thank you
With each word being worth 10 cents, write four $12 summaries of the reading from any four of the following chapters in Courageous Faith:
This means that in this assignment you are developing four summaries of 120 words each (one for each of the four chapters you selected). You should aim to create four summaries where each summary is between 100-120 words. Each of your summaries should not exceed the 120-word or $12 limit. For an example of this type of thread, please see the provided example.
To be successful at acquiring a dream job (and do not accept anything less!), you must leverage the skills and knowledge you have obtained in this course and your professional career. The professionals who receive an opportunity to interview are often picked from a large number of applicants. Normally, an institution will initially interview 2–4 candidates. Your ability to network, review job descriptions, prepare materials for an interview, and actually interview is of great importance. The interview is the magic carpet to your future! As you approach a possible job negotiation, you must use leadership, communication, and negotiation skills to let your future employer know that you are the best candidate for the job.
There are many ways to go about successfully acquiring a job. The opportunity to have a face-to-face interview is easier than ever because of the opportunities to connect through many technical platforms such as Skype or similar apps. The assignment this week—securing the dream job—provides an opportunity to showcase your ability to persuade a potential interviewer that you are the best candidate for the job.
Discussion thread
