Chapter 1: Big Business and Ethics

Ethics is knowing the difference between what’s right and wrong and then exhibiting the appropriate behaviour. Big business should run their companies ethically and abide by rules.

1.      Walkerton-Scandal-Garbage: In May of 2000, thousands of residents of the town of Walkerton, Ontario became ill from drinking municipal water contaminated by Escherichia coli and Campylobacter Jejuni bacteria. Seven people died, while many suffered debilitating injuries.

2.      Bre-X-Gold Scandal: In 1993, a prospector named Michael de Guzman walked out of the jungles of Borneo with extraordinary news: he found gold. During that period, the market value of de Guzman's employer, Bre-X Minerals, went from nothing to $6 billion. The problem: there was no gold. After every one find out of the fraud “De Guzman” through his-self from a helicopter. Days later, the Indonesian Army found de Guzman's body, which they said was badly decomposed and mostly eaten by animals.

3.      Enron: Pretended they were making money, “fixed” the accounting books. Fortune named Enron "America's Most Innovative Company" for six consecutive years.  American energy, commodities, and services company based in Houston, Texas. Before its bankruptcy on December 2, 2001, Enron employed approximately 20,000 staff and was one of the world's major electricity, natural gas, communications, and pulp and paper companies, with claimed revenues of nearly $101 billion during 2000. It ended its bankruptcy during November 2004, pursuant to a court-approved plan of reorganization, after one of the most complex bankruptcy cases in U.S. history.

      4.      Erin Brokovitch: American legal clerk and environmental activist, who, despite the lack of a formal law school education, or any legal education, was instrumental in constructing a case against the Pacific Gas and Electric Company of California in 1993.  The case alleged contamination of drinking water with hexavalent chromium in the southern California town of Hinkley. The case was settled in 1996 for US$333 million, the largest settlement
     ever paid in a direct action lawsuit in US history. Brockovich's law firm received 133.6 million dollars of this settlement, and Brockovich herself received a two million dollar bonus from the action. There's a movie that explains much more http://viooz.co/movies/3511-erin-brockovich-2000.html

      5.      Bernard Madoff: He is the former non-executive Chairman of the   NASDAQ stock market, and the admitted operator of a Ponzi scheme that is considered to be the largest financial fraud in U.S. history. On December 10, 2008, Madoff's sons told authorities that their father had confessed to them that the asset management unit of his firm was a massive Ponzi scheme. The following day, FBI agents arrested Madoff and charged him with one count of securities fraud. After being found guilty, Madoff was given a suspended sentence of 150 years in prison for making one of the biggest scams in history, the amount of which is estimated at something like 50,000 million.

NAME OF NOT-FOR-PROFIT ORGANIZATION	NUMBER AFFILIATE OGANIZATIONS IN CANADA	MISSION STATEMENT	SERVICE OFFERED	COMMUNITY BENEFITS
UNITED WAY OF CANADA	13 United ways of Canada	To improve lives and build community by engaging individuals and mobilizing collective action.	Leadership Development Services, a program of the United Way of Peterborough & District, is a flexible and affordable training and consulting service.	The impact cannot be understated. United Way and its member agencies provide a broad range of services and assistance to families, children, youth, new immigrants and the elderly.
YMCA CANADA	45 YMCAs	The YMCA is a charitable organization dedicated to the enrichment of the community through the growth and development of people in spirit, mind and body.	Offer a wealth of programs and services tailored to meet the unique needs of the communities they serve.	Volunteers, Health, fitness & recreation, Camps, Child Care, Employment Training, Leadership Development, International Development & Education.
BIG BROTHERS AND SISTERS OF CANADA	118 local agencies operating	We commit to Canada’s young people that we will be leaders in providing them with the highest quality, volunteer based mentoring programs.	For one hundred years, Big Brothers Big Sisters has been making a positive difference in the lives of our nation’s youth by developing and implementing a wide range of mentoring programs.	The Government of Canada is committed to providing support and services that help Canadian families, children and youth.

ADVERTISING IN CRISIS

The new technology of television is making trouble. The television will be available to skipped everything you want, so ninety two porcente of the people will skipped the advertising. This technology represent throwing money to the garbage, for money that pay million of money. Many companies are thinking now how to let people now their product, they are thinking to advertise in the cinemas, in the airports. I really think, the adevertising on the television has to end, and develop much more. The companies have to impress much more the world.

BBI-INTRODUCTION TO BUSINESS

CHAPTER 1- ECONOMIC BASICS

Key Words: purchasing power, needs, wants, inventory, decision-making model, economic resources (natural resources, human resources, capital resources), interdependence, economic systems.

Consumers Influence on Price

When business are in control of a product they have purchasing power. Purchasing power means they can charge high prices and raise prices when costs go up.

We all have basic needs. basic needs include food, shelter and clothing.

A company has to know how much inventory it needs to safety the needs and wants for consumers. Inventory, sometimes called stock, is the quantity of goods and materials kept on hand.

A business has to follow a five steps decision of making model:

1. Define the decision to be made.
2. Identify the alternatives.
3. Evaluate the alternatives
4. Make a decision and take action.
5. Evaluate the decision. 

10 RULES

• NO CELLPHONES
• NO EATING
• PAY ATTENTION
• DO NOT BREAK ANYTHING
• NOT DISRESPECT ANYBODY
• BE IN FULL UNIFORM
• DO NOT USE BAD LANGUAGE
• NO BAGS
• BE ON TIME
• NO RUNNING OR SCREAMING