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Yang Li Kang commented on the post, Progress Report for Week Ending, March 22, on the site 8 years, 1 month ago
I very much believe so. Profit-driven companies tend to act unethically, through still within bounds of the law. Nike sweatshops are another example of a company moving out of the country at an attempt to reduce their costs.
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Yang Li Kang commented on the post, Progress Report for Week Ending, March 22, on the site 8 years, 1 month ago
I agree with your opinion that Sabanes-Oxley Act is not an overreaction but may not be enough to reduce business risk. Huge companies are responsible for many of their stakeholders. The decision of a few senior managers in the company may place the entire stockholder at risk. I think that there should be internal independent bodies to audit…[Read more]
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Yang Li Kang posted a new activity comment 8 years, 1 month ago
1. Describe a business process you have experienced (either as an external or internal participant) and what your role was.
I am currently working in Temple University’s International Admissions office. As all of us know, applying to a University involves many steps. Basic run down of the admissions process:
1. Potential applicants will need…[Read more]
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Yang Li Kang posted a new activity comment 8 years, 1 month ago
I agree with your thought on compliance-driven vs profitability driven control.
A profitability-driven company can only go so far to lower their costs. At some point, they will hit a wall set by laws and regulations. A profitability-driven company may ignore this and try to work around it.
I think the Apple example you provided perfectly…[Read more]