Anti-Bribery Convention and OECD

Anti-Bribery Convention and OECD The Organization for Economic Cooperation and Development (OECD)Â  And the Anti-Bribery Convention The International Initiative The Anti-Bribery Convention was originally conceived in 1989, it has under gone many changes since its conception, to begin with the group was designed to enable the review in to national legislations and the bribery of officials, in 1994 the review was turned into recommendations for actions and this was eventually replaced by a treaty agreement in 1997. The Anti-Bribery conventions main aim is to decrease the amount of corruption in underdeveloped countries, in doing this they can create a fair and level playing field, therefore encouraging sanctions against any form of bribery in International business transactions. Things That Are Right The Anti-Bribery Convention has developed a set of legally binding standards to criminalize bribery. The Anti-Bribery Convention works with all countries to improve the standards of international business tran sactions. The Anti-bribery convention welcomes all countries to join the convention; no one is singled out or excluded as long as they follow the guidelines and legislation recommendations. Things That Are Wrong The Anti-Bribery convention has no governing authority; the OECD only over sees it. The countries involved in the Anti-Bribery convention have the sole responsibility to implement the legislations so that bribery can be criminalized. According to the Transparency International report (Hardoon, Heinrich, 2013), at least half the countries that are signed to the Anti-Bribery convention have had only a few and in some cases no prosecutions. The Organization for Economic Cooperation and Development (OECD) Founded in 1961, The OECD’s main headquarters are in Paris, France, To date there are currently 34 member countries, although the OECD do work closely with Russia, China, Brazil, India, Indonesia and South Africa, but they are yet to agree to join the organ ization. Whilst the OECD’s main aim is to help improve the social, economic, safety and welfare of people across the globe, they do also maintain relations and work closely with other international organizations like the IMF, World Bank, International Atomic Energy Agency, International Labor Organization and the Food and Agriculture Organization in an effort to promote and improve other aspects of peoples well-being globally. The Good Things The OECD uses peer reviews to evaluate its work and implement new changes and ideas, giving a wider perspective on the organization. The OECD has established a unilateral forum to allow governments to share their issues and experiences and work together to resolve the problems. The OECD defies conventional wisdom and works towards a resolution that is beneficial to all. Things That Need To Be Changed OECD has no authority over the Anti-Bribery convention, it purely over sees it. The OECD is not self-executing; it requires the governing country to enforce the legislations and uphold the laws Companies using the OECD guidelines aren’t bound by them as they aren’t compulsory. How anti-bribery convention and the OECD affect global politics Example 1 The OECD has established a unilateral forum to allow governments to share their issues and experiences and work together to resolve the problems. This is a great step for achieving success in global policies because it is an airing point for ideas and resolutions, governments can get together and discuss issue past and present and provide information on how they were able to resolve or work around certain common issues. The forum is based on facts and real life experiences and enables governments to proactively take part in the forming of global policies that are beneficial to all. They have the ability to collect data from governments and analyze this for possible trends that could potentially help other countries from avoiding situati ons like, austerity and unemployment during economic downturns. The Anti-bribery convention has established a set of legally binding standards to criminalize bribery; this implementation will boost the transparency of global politics for the member states that are included in the convention. In creating transparency and ensuring everyone is implementing the recommended standards there will be more cohesive trade agreements that will propagate healthy globalization. The creating and implementation of these legally binding standards has failed to force member states to follow the implementations, this will have an overall effect on globally policies because other member states will see that this type of implementation can be ignored with no real repercussions. The implementations will only work successfully if the Anti-bribery convention attains the legal jurisdiction to implement these standards. Currently they don’t have this and there seems to be no way of getting the ju risdiction so the implementation of legally binding standards is just that, An implementation, There is no law so the member states don’t have to implement the standards. The anti-bribery convention has placed the responsibility for implementing the legislations solely on the governments, this will have a massive impact on global policies because will still be left up to that country to implement the legislations, a majority of corrupt officials are in the government sectors and will not implement such measures if they feel it could impact on their corrupt enterprises. Such implications could unravel the social and economic standings of that country, they could undermine trade agreements and have a devastating effect on all policies globally, there is always going to be an issue of trust and if the governments of the countries don’t implement the legislations that will undermine this trust element globally. The Anti-Bribery Convention has failed to close a massiv e loophole in the system and is in part facilitating the continuation of bribery amongst public officials. The convention will only truly be successful if they find a way to close this loophole and prevent the continuation of bribery globally. Where it went wrong!

McDonald adapts culture difference between USA and INIDA Assignment

McDonald adapts culture difference between USA and INIDA - Assignment Example Henceforth, Ray Kroc purchased the whole chain from the McDonalds before proceeding to expand it further (Newcomb). Perhaps it is appropriate to mention that McDonalds commands presence in most states globally whereby the corporation, franchisees, and even the affiliates are responsible for running the various McDonalds restaurants (Dash 8). In this regard, the company has adapted a culture difference between USA and India in order to offer products which best resonates with the local population and in the process, maximizing on revenues (McDonalds). This paper therefore, compares the business models of McDonalds between USA and India in in term of products, services, advertisements. McDonalds’ Business Strategy Since the major sources of revenues for McDonalds include rents, royalties, and the fees collected from the franchisees (Hannon). In addition, the company draws huge income from restaurant-related businesses that take place within the company premises and it is worth n oting that in 2012 alone, the company made profits amounting to $5.5 billion in addition to collecting annual revenues totaling to $27.5 billion (McDonalds). When it comes to the major products offered by the company subsidiaries, there are wide range of fast foods from which customers around the world can choose from depending on their tastes and geographical location (Dash 12). These food products include hamburgers,  chicken,  cheeseburgers,  French fries,  soft drinks, breakfast  items, desserts, and milkshakes (Newcomb). Comparison between USA and India in the Business of McDonalds While USA is a nation whose citizens prefer junk food to lean foodstuffs, India is a more considerate nation when it comes to matters pertaining to food and the citizens revile the junk foods (Li). Since quality is the mirror through which all organizations gauge their performances, McDonalds has taken the quality of the foods offered in its subsidiaries very seriously (Newcomb). This means that while in America, the restaurants have to offer the foods that the Americans love and those McDonalds restaurants that operate in India do their very best at offering the Indian cuisine (McDonalds). Products and Services With a careful approach to product differentiation, the McDonalds chain of restaurants has regionalized every form of its menu to suit the local residents (Newcomb). In this respect, the competition is kept at bay as all the people who flood various McDonalds restaurants know the specific foods to find and consume at certain times of the day (Dash 8). The Unites States of America, being the headquarters of the McDonalds Corporation has restaurants and stored that specialize in the selling of ‘McGrilled’ sandwiches that are loved by many Americans (McDonalds). When it comes to the products offered by the chain in India, it is worthy to note that India is a strictly vegetarian country with a strong prohibition for beef mainly due to religious reason s (Li). In this regard, the major food products offers by the McDonalds in India include ‘McMasala’, Local flavors, Health conscious items, and vegetable products. This means that beef and pork products cannot fetch much profit in India as they do in the USA and the McDonalds chain of restaurants has considered this (Newcomb). Advertisements and Marketing Strategies Although it is common knowledge that the McDonalds Cor

Reflection Essay Example | Topics and Well Written Essays - 250 words - 73

Reflection - Essay Example I have taken this concept of leadership from the leader of Starbucks where he consults and engages the low level staff before making a decision. Thirdly, and lastly, I have learnt the concept of objectivity and subjectivity in relation to financial management and asset acquisition. This is from the considerations that the Starbucks Company has to consider some aspects accepting offers. All these concepts that I have learnt apply both to my professional and personal life in terms of being an effective resources manager pertaining to corporate resources and making personal budgets to avoid spendthrift activities (CheckMate, 2009). Leadership also applies to both professional and personal life in that I will engage the junior employees in a company once employed and even in my personal life I will be an effective leader. Lastly, the concept of critical analysis and subjectivity and objectivity applies in my professional life in terms of assessing all aspects before making decisions on taking or dropping offers or venture g into a certain activity. This applies in my personal life as well since it can help me in making a decision with first assessing the different