The Olympus corporate scandal of 2011 Research Paper

The Olympus corporate scandal of 2011 - Research Paper Example From the research it can be comprehended that a corporate body has a distinct legal status and has characteristics and liabilities that are separate from those of its members. It has the right to exist for indefinite period of time. New corporations are created after having them registered and their main purpose is to conduct business and commerce. A corporate body can be owned by two or more individuals who form a partnership with an agreement among themselves to share profits and losses in a pre-determined ratio. A partner can have limited or unlimited liability. A limited liability partner is one whose responsibility for company’s debts is limited only to the amount of his capital contribution. Unlimited liability means when a company is declared bankrupt, then the partner’s personal assets can be seized to clear the debts. All corporate bodies have some common purposes. A corporation garners the interests and funds of its owners to serve the interests of the public. It shall ensure fair profits for its partners but not by endangering the stake of other shareholders. Every corporate body needs to satisfy the needs of the current generation and at the same time must have an insight into the needs of future generations. A corporate body must perform its activities in a legal and ethical manner. The success of a corporate body depends mostly upon the performance of its management personnel. The management should apply proper strategy and innovations in their performance to bring in more profits on a sustained basis for the organisation by improving the performance of the employees and also by encouraging efficient contribution by those who contribute. Performance management works in combination with corporate management in service

In your OWN words, prepare a Microsoft Word report to provide evidence Essay

In your OWN words, prepare a Microsoft Word report to provide evidence of advanced knowledge of a concept taught in one of week - Essay Example But what is the definition of electronic commerce? One definition of electronic commerce states that it is the use of computer networks in business, with the aim of increasing profitability and increasing market share and brand reach (Watson et al. 2008). Another definition of electronic commerce states that it is any form of business transaction done in the internet (Department of Trade and Economic Development – Government of South Australia n.d.). There may be a lot of varying definitions, but most of these definitions boil down to one common theme: the use of the internet in conducting business transactions, as opposed to physical contact in doing business. One of the main reasons why electronic commerce has already been one of the most popular choices for many businesses is because of the fact that electronic commerce has been able to improve organizational efficiency and other logistical problems in conducting business. ... on logistical expenses, especially on marketing their respective products, due to the fact that maintaining a website and investing on search engine optimization services to reach out on prospective customers online is more cost-effective, as compared to physically distributing marketing tools to customers or hiring advertising firms to advertise on tri-media. In this case, lessening such costs will surely increase the profitability of any business. In addition, by using electronic commerce, clients can now have much more convenience in giving feedbacks to the goods and services that they receive, especially through online surveys that online businesses actually uses. This mechanism will surely help businesses in evaluating their own performances and giving much better services to clients. In terms of gaining a larger market share, the best thing about electronic commerce is that it has the ability to reach out to millions of customers worldwide in just a matter of seconds. This woul d be virtually impossible for other businesses who are not engaged in electronic commerce. In addition, it is important to take note that consumers nowadays are more comfortable in looking for goods and services through the internet, given its speed, reliability, and the convenience that it offers to consumers. Also, because electronic commerce relies much on the internet, it would be able to deliver services to clients at a much faster pace than usual. Take note that consumers nowadays can now do their shopping in the comfort of their own homes, and that companies can now provide the specific needs of customers in just a matter of clicks, without bothering them to go physically into the merchandising stores of companies. This will surely make businesses deliver their goods and services