Distinguish Between The Money And Capital Markets

2205 words - 9 pages

Designing Ethics Codes and Programs

We are all very familiar with Ethics Code for Hospitality Managers. All ethics codes have something to do with honesty, integrity, accountability, and so forth. Your text states that the actual code itself may not be as important as the process of devising the code, introducing it to the entire operation, training and talking about the code, and yearly evaluations of how the code is working and whether any changes are necessary to make the code more effective. It's through the process that our employees become aware of what the various principles mean in their daily life on the job.

The easy part is to write the ethics code. We can look at ethics ...view middle of the document...

Are they needed?
What are the similarities between the other two ethics codes and the FOI Code? What are the differences?

Much of the same things were said on all three of the codes, just worded and formatted differently. Do you have a preference? Why? Do you think FOI's Code is adequate? Would you make any changes to it? What changes?

Introduction to Managers
John wrote the first draft of the FOI Ethics Code himself, instead of assembling a committee of department heads to generate it. He is now going to have a meeting with all of the department heads to share the draft and explain the need and purpose of the ethics code. He will have them review the code and meet again later to discuss any additions or changes they would like to see and how they think it should be implemented in their departments.

You are very familiar by now with the FOI Case Study. You know all the department heads rather well. You know the problems John has had to deal with. Review the FOI Organizational chart’s seven managers: Chef Eric, Heidi, Bill, Mike, Tony, Gabe, and Kathy. Take a few minutes and write a script for John to use, in his meeting with the department heads, to share the draft and to explain the need and purpose of the ethics code. Keep the script brief (just a few paragraphs) and to the point. Write it in the voice of John, as you would imagine John to sound. When you're done, compare your script with the following sample script.

Sample Script
"FOI is doing very well. We're making money and our guests are happy. This is in spite of having way too many management problems. I was complaining to Frank about being burnt out. You can probably all relate to those feelings. I know how I want things done here, and when they aren't done the way I want, I end up having to deal with problems. Frank pointed out that you are good people - - good managers - - but that there was no program in place to serve as a guide to how I want things done.

So that's what this meeting is about. Since you aren't mind readers, I have put together a code of what is important here that should help you to know what to do in situations that come up. [Pass out copies of the Code of Conduct for FOI Managers and Staff.]

I know that you all take your positions seriously. This code will help us to avoid problems that are a result of not having a shared ethic or code of behavior. We are going to work together to make sure all of our policies and procedures are consistent with what we believe at FOI and with the new Code of Conduct. We will be meeting regularly as a management team. I will also be meeting with you individually on a regular basis.

Management is a lot more fun when we don't have to deal with problems constantly. I want us all to enjoy our time here, and I think this code of conduct will help. I would like you to look this thing over. Think about it. What does it mean to you? How do you feel about it? Are there any problems with it that you can think...

Other Essays Like Distinguish Between the Money and Capital Markets

The Current Mbs and Cmbs Markets – a Summary of Issues, Causes, and Future Markets

650 words - 3 pages above similarly rated 10-year bonds, due primarily to rising concerns about "extension risk." Last Friday, 10-year super-senior CMBS was trading at 1,050 bp over swaps, while the spread on 5-year notes swelled to 1,300 bp. Over the summer, before the credit markets went into a deep tailspin, the difference between the 5- and 10-year spreads generally was only a few basis points. The pricing difference throws bond-market convention on its head. All

The Aclu and Capital Punishment Essay

1143 words - 5 pages Capital punishment is the legal process when a person is put to death by the state as a punishment for their crimes. The American Civil Liberties Union (ACLU) is a social justice organization that’s actively working to abolish capital punishment in the United States. The ACLU does this by working within legislature to change laws to improve the lives of those in need of help. The ACLU stands against capital punishment and is justified in

Sec and the Capital Market

3833 words - 16 pages the firm wanted to avoid. Now that the Senate (though the Senator Ganiyu Solomon led Committee on Capital Markets) has reacted to the petitions forwarded to it, the supervisory Minister (Remi Babalola) has equally issued a press release followed immediately by a rebuttal by the SEC chairman, Senator Udo Udoma; it is important to recalibrate our arguments and present fact based facts to justify why a decision on the conflicted status of the SEC

Evolutionary Change: the Invisible Hand and Money

2454 words - 10 pages EVOLUTIONARY CHANGE: THE INVISIBLE HAND AND MONEY Instead of being designed by men, civilization has evolved, according to one view. Social institutions [government, the rule of law, the social division of labor connoting production activities, markets (credit, labor, commodities, etc.), money, languages, mores (morals and values), et. al.] are determined not simply by preceding causes but as part of a process of unconscious self

The Pros And Cons Of Capital Punishment

1275 words - 6 pages very regressive. Society needs to resist certain urges like these that are destructive. Laws kill people who killed people, but do not condemn arsonists, rapists, or robbers the same way. ("Capital Punishment: The Inevitability of Caprice and Mistake" 54-64) The punishment for the crime should not equate to the crime done. It only affirms the action and calls it right in some situations and wrong in the other situations. An execution cannot be

The Separation Of Capital Ownership And Control

1577 words - 7 pages The argument of whether the separation of capital ownership and control is an efficient form of organization has constantly been a controversial issue. The criticism whether the controllers’ act is in the best interest of the owners’ wills never end as long as hired managers operate management. As the number of public companies has been increasing over the course of this century, meanwhile the American style of contact based corporation has

How have changes in technology contributed to the globalization of markets and production? Would the globalization of markets and production have been possible without technological changes?

522 words - 3 pages to the globalization of markets and production. If the lower cost of communication does not exist, people around the world would not have so many chances to connect with others and business would not be willing to put money to widen their markets. If the world without Internet and the World Wide Web, people might not able to get the most updated information, the production skills cannot be improved and productive activities cannot be shared

2.2.1. the Importance of International Trade, Economic Integration and Global Markets to Uk Business Organisations

753 words - 4 pages to sell their product to more consumers with no limit. Preferential trade can contribute to replace domestic production by cheaper imports from other countries; therefore, it reduces inefficient local production and minimizes the inefficient use of resources. The removal of trade barriers is reduced and the tariffs can be removed entirely. Consequently, organisations can save a lot of money. Economic integration encourages trade between

Report On Capital Structure And The Cost Of Capital Of Astrazeneca Plc And British American Tobacco Plc

2868 words - 12 pages . BAT's volumes will be put under pressure by a trend of declining smoking rates in some mature markets and weak demand from consumers in Southern European countries where unemployment remains high and disposable incomes are being squeezed. 3.http://uk.reuters.com/article/2012/12/11/idUSWLB214120121211 3.0 CAPITAL STRUCTURE 3.1 Total Debt to equity The relationship of stockholder's equity to total liabilities is the

Relationship Between the Earth and the Sun

977 words - 4 pages The relationship between the earth and the sun With a radius 110 times that of Earth and a mass 330,000 times greater, the sun reigns as the center of the solar system. The gravitational pull of the fierce, stormy ball of gas holds earth orbit, and its emissions power the Earth-atmosphere systems on which our lives depend. As the source of almost all the energy in our world, it holds the key to many of our questions about Earth and sky

The Differences Between Men and Women

574 words - 3 pages Similarities and differences between men and women are critical condition. Obviously, men and women are seemingly alike. And the similarities between them make people don’t distinguish carefully between their features. However, they are different in certain aspects such as physical structure, emotion, and interest. Obviously, men are different in their physical structures, emotion, and interest from women. According to the body structure

Related Papers

How Can We Distinguish Between Science And Pseudo Science?

675 words - 3 pages as extra-sensory perceptions (ESP), astrology, channeling with ghosts and spirits, palmistry, tarot card reading, and crystal healing. In the modern era that we live in today, the instillation of scientific-thinking among people has led us to not recognize pseudo-sciences as real sciences because their hypothesises are commonly thought to be vague in credibility. Consider the difference between astronomy and astrology. Scientists can expound the

Transaction Costs Theory And The Imperfect Markets

1429 words - 6 pages Transaction costs theory and the imperfect markets.   Williamson’s successful complementation of the Coases approach of the firm as an alternative to reduce the cost of using the price mechanism, with Herbert Simon’s organizational theory, gave birth to the Transaction Costs Theory (TCT)1. This meant a big step, which evolved the theory of the firm, from its obsolete neoclassical toots and assumptions -of a perfect competitive market

International Oil Markets And The Global Economy

1090 words - 5 pages commodity prices [Gustafson (1958); Thurman (1988); Pindyck (1993)]. The traditional relationship between spot prices and inventory levels, however, broke down after 2004. The second school of thought posits that commodity markets are generally efficient and holds the view that futures prices have the power to forecast realized spot prices. The majority of the recent literature takes this view. A widely supported approach was that taken by Chinn

Supply, Demand, And Government In The Markets

813 words - 4 pages Module 1_Assignment 3 Assignment 3: Supply, Demand, & Government in the Markets 1. Using Microsoft Excel, draw a graph illustrating the supply and demand in this market. 2. What is the equilibrium Price and Quantity in the market? This is where the quantity demanded and the quantity supplied are equal. The corresponding price is the equilibrium price and the quantity is the equilibrium quantity. *Let us take the first line of data