New

Learn smart - Learn online. Upto 88% off on courses for a limited time. View Courses

Securing Higher Grades Costing Your Pocket? Book Your Assignment at The Lowest Price Now!
loader
Add File

Error goes here

Files Missing!

Please upload all relevant files for quick & complete assistance.

Guaranteed Higher Grade!

Stuck on Your Question?

Get 24x7 live help from our Top Tutors. All subjects covered.

loader
250 words

Error goes here

Files Missing!

Please upload all relevant files for quick & complete assistance.

Students Who Viewed This Also Studied

8 Pages
BSS0576 Corporate Innovation and Entrepreneurship

Task: On completion of this unit you should be able to:1 Demonstrate the following knowledge and understanding Demonstrate a systematic understanding and critical appreciation of theories and model ...

Course

BSS0576

Type

Assignment

Subject

Management

University

University of Bedfordshire

8 Pages
JNB508 Research Methods

Questions: The main research topic is Aged Care and Child Care where students finds their own research, which can be articles, images, data, graphs and so on. Once each student has built up a ...

Course

JNB508

Type

Essay

Subject

Management

University

University of Tasmania

Season

Spring

3 Pages
Social Media

i. What are the potential advantages and disadvantages for an organisation when using social media? ii. What impact might an individual employee’s comments or behaviour have on an organisation& ...

Type

Assignment

Subject

Management

38 Pages
PSW164-Professionalism and Cross Cultural Communication

Case Study Assignment Scenarios Scenario 1 You are assigned to care for Mrs. Barnes an 82 year old lady with severe crippling arthritis. Mrs. Barnes has no family in the immediate area.  Part ...

Course

PSW164

Type

Assignment

Subject

Management

University

St Clair College

BUS320 Business Governance and Society

Question

Answered

Question:

Background

Anchorage bought DickSmith from Woolworths for millions in, then floated it for millions months later on the stock exchange. In, DickSmith closed down  stores in Australia and New Zealand, after failing to secure a sale offer. As result, workers in Australia and New Zealand lost their jobs, customers were left out of pocket on undelivered goods or lost their deposit, shareholders lost their shares and interests. It seems that Deloitte, an auditing company, approved Dick Smith’s financial report as on free from manipulations, which was erroneous and turned out to the frauduleus. It was alleged that Deloitte was involved into the manipulation in the inventory records of the company. The company then affirmed that there was a need of reducing the amount of inventory by million in.

However, there was no such evidence. However, it is the inefficiency of the auditors in the inventory and certain occurrence of collusion between the managers and the auditors, that affected the interests of the stakeholders.

Consequences and Ethical Question

As a consequence, two years later: Customers gift cards were not honoured and 3300 jobs around Australia and New Zealand were lost ; It was also a terrible wake up news for the investors. It’s evident that private equity firms have every right to do what they do , as to find distressed assets, transform them, and maximise returns for their investors. It would also appear that they complied with all the requirements for a share market float. These sorts of events undermine public trust in the mechanics of the business community and some of the accounting profession.
 
So the question is: Was Dick Smith ethical in the way they perceived their financial value as to investors?
 
1. What are the stakeholders stakes? Power? Legitimacy? Urgency?
 
2. What opportunities and challenges do stakeholders present?
 
3. What Responsibilities does the firm have toward its stakeholders? Economic? Legal? Ethical? Philanthropic? 
 
4. What Strategies or Actions  should the firm take to best address stakeholders? 

BUS320 Business Governance and Society

Answer in Detail

Solved by qualified expert

Get Access to This Answer

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Hac habitasse platea dictumst vestibulum rhoncus est pellentesque. Amet dictum sit amet justo donec enim diam vulputate ut. Neque convallis a cras semper auctor neque vitae. Elit at imperdiet dui accumsan. Nisl condimentum id venenatis a condimentum vitae sapien pellentesque. Imperdiet massa tincidunt nunc pulvinar sapien et ligula. Malesuada fames ac turpis egestas maecenas pharetra convallis posuere. Et ultrices neque ornare aenean euismod. Suscipit tellus mauris a diam maecenas sed enim. Potenti nullam ac tortor vitae purus faucibus ornare. Morbi tristique senectus et netus et malesuada. Morbi tristique senectus et netus et malesuada. Tellus pellentesque eu tincidunt tortor aliquam. Sit amet purus gravida quis blandit. Nec feugiat in fermentum posuere urna. Vel orci porta non pulvinar neque laoreet suspendisse interdum. Ultricies tristique nulla aliquet enim tortor at auctor urna. Orci sagittis eu volutpat odio facilisis mauris sit amet.

Tellus molestie nunc non blandit massa enim nec dui. Tellus molestie nunc non blandit massa enim nec dui. Ac tortor vitae purus faucibus ornare suspendisse sed nisi. Pharetra et ultrices neque ornare aenean euismod. Pretium viverra suspendisse potenti nullam ac tortor vitae. Morbi quis commodo odio aenean sed. At consectetur lorem donec massa sapien faucibus et. Nisi quis eleifend quam adipiscing vitae proin sagittis nisl rhoncus. Duis at tellus at urna condimentum mattis pellentesque. Vivamus at augue eget arcu dictum varius duis at. Justo donec enim diam vulputate ut. Blandit libero volutpat sed cras ornare arcu. Ac felis donec et odio pellentesque diam volutpat commodo. Convallis a cras semper auctor neque. Tempus iaculis urna id volutpat lacus. Tortor consequat id porta nibh.

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Hac habitasse platea dictumst vestibulum rhoncus est pellentesque. Amet dictum sit amet justo donec enim diam vulputate ut. Neque convallis a cras semper auctor neque vitae. Elit at imperdiet dui accumsan. Nisl condimentum id venenatis a condimentum vitae sapien pellentesque. Imperdiet massa tincidunt nunc pulvinar sapien et ligula. Malesuada fames ac turpis egestas maecenas pharetra convallis posuere. Et ultrices neque ornare aenean euismod. Suscipit tellus mauris a diam maecenas sed enim. Potenti nullam ac tortor vitae purus faucibus ornare. Morbi tristique senectus et netus et malesuada. Morbi tristique senectus et netus et malesuada. Tellus pellentesque eu tincidunt tortor aliquam. Sit amet purus gravida quis blandit. Nec feugiat in fermentum posuere urna. Vel orci porta non pulvinar neque laoreet suspendisse interdum. Ultricies tristique nulla aliquet enim tortor at auctor urna. Orci sagittis eu volutpat odio facilisis mauris sit amet.

Tellus molestie nunc non blandit massa enim nec dui. Tellus molestie nunc non blandit massa enim nec dui. Ac tortor vitae purus faucibus ornare suspendisse sed nisi. Pharetra et ultrices neque ornare aenean euismod. Pretium viverra suspendisse potenti nullam ac tortor vitae. Morbi quis commodo odio aenean sed. At consectetur lorem donec massa sapien faucibus et. Nisi quis eleifend quam adipiscing vitae proin sagittis nisl rhoncus. Duis at tellus at urna condimentum mattis pellentesque. Vivamus at augue eget arcu dictum varius duis at. Justo donec enim diam vulputate ut. Blandit libero volutpat sed cras ornare arcu. Ac felis donec et odio pellentesque diam volutpat commodo. Convallis a cras semper auctor neque. Tempus iaculis urna id volutpat lacus. Tortor consequat id porta nibh.

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Hac habitasse platea dictumst vestibulum rhoncus est pellentesque. Amet dictum sit amet justo donec enim diam vulputate ut. Neque convallis a cras semper auctor neque vitae. Elit at imperdiet dui accumsan. Nisl condimentum id venenatis a condimentum vitae sapien pellentesque. Imperdiet massa tincidunt nunc pulvinar sapien et ligula. Malesuada fames ac turpis egestas maecenas pharetra convallis posuere. Et ultrices neque ornare aenean euismod. Suscipit tellus mauris a diam maecenas sed enim. Potenti nullam ac tortor vitae purus faucibus ornare. Morbi tristique senectus et netus et malesuada. Morbi tristique senectus et netus et malesuada. Tellus pellentesque eu tincidunt tortor aliquam. Sit amet purus gravida quis blandit. Nec feugiat in fermentum posuere urna. Vel orci porta non pulvinar neque laoreet suspendisse interdum. Ultricies tristique nulla aliquet enim tortor at auctor urna. Orci sagittis eu volutpat odio facilisis mauris sit amet.

Tellus molestie nunc non blandit massa enim nec dui. Tellus molestie nunc non blandit massa enim nec dui. Ac tortor vitae purus faucibus ornare suspendisse sed nisi. Pharetra et ultrices neque ornare aenean euismod. Pretium viverra suspendisse potenti nullam ac tortor vitae. Morbi quis commodo odio aenean sed. At consectetur lorem donec massa sapien faucibus et. Nisi quis eleifend quam adipiscing vitae proin sagittis nisl rhoncus. Duis at tellus at urna condimentum mattis pellentesque. Vivamus at augue eget arcu dictum varius duis at. Justo donec enim diam vulputate ut. Blandit libero volutpat sed cras ornare arcu. Ac felis donec et odio pellentesque diam volutpat commodo. Convallis a cras semper auctor neque. Tempus iaculis urna id volutpat lacus. Tortor consequat id porta nibh.

11 More Pages to Come in This Document. Get access to the complete answer.

MyAssignmenthelp.com boasts a talented team of homework help tutors who help students to write homework assignments perfectly. Students, who are searching for answers for can someone do my homework for cheap find our services worthwhile. The reason being our experts provide high quality help with homework writing at affordable prices. Despite providing reasonable academic assistance, we never compromise with the quality of the papers. Some of our popular services are Math homework help, finance homework help, finance homework help, management homework help, etc.

More BUS320 BUS320 Business Governance and Society: Questions & Answers

Q
icon

We aren't endorsed by this University

BSS0576 Corporate Innovation and Entrepreneurship

Task: On completion of this unit you should be able to:1 Demonstrate the following knowledge and understanding Demonstrate a systematic understanding and critical appreciation of theories and models of creativity, innovation, entrepreneurship and change management in the context of contemporary o ...

View Answer
Q
icon

We aren't endorsed by this University

JNB508 Research Methods

Questions: The main research topic is Aged Care and Child Care where students finds their own research, which can be articles, images, data, graphs and so on. Once each student has built up a good range of general research material about Aged Care and Child Care, they each analyse (highlight ...

View Answer
Q

Social Media

i. What are the potential advantages and disadvantages for an organisation when using social media? ii. What impact might an individual employee’s comments or behaviour have on an organisation’s brand in the sense that it might be seen by broader and unintended audiences? iii. What soc ...

View Answer
Q
icon

We aren't endorsed by this University

PSW164-Professionalism and Cross Cultural Communication

Case Study Assignment Scenarios Scenario 1 You are assigned to care for Mrs. Barnes an 82 year old lady with severe crippling arthritis. Mrs. Barnes has no family in the immediate area.  Part A Time Management You will provide service to the client 7 days per week from 8:00 am to 9:00 am fo ...

View Answer

Content Removal Request

If you are the original writer of this content and no longer wish to have your work published on Myassignmenthelp.com then please raise the content removal request.

Choose Our Best Expert to Help You

icon

5% Cashback

On APP - grab it while it lasts!

Download app now (or) Scan the QR code

*Offer eligible for first 3 orders ordered through app!

screener
ribbon
callback request mobile
Have any Query?