Risk assessment for a de novo company in a developing country Essay

Risk assessment for a de novo company in a developing country - Essay Example This report stresses that auto parts are a two-edged sword in China. The world auto parts industry has discovered that, for those parts that have a medium- to high labor cost component, China is an endless supply of inexperienced and relatively skilled labor that can produce their parts. If our joint venture establishes itself, there may be several competitors who follow in quickly behind us. There are no barriers to entry. Franchise value would allow our company to charge a premium over generic auto parts suppliers for the perceived quality of our products. This is our guarantee that foreign and domestic Chinese automobile manufacturers would like to use our product in preference to a commodity-type supplier. There is a danger of copying in China, which is greater than other parts of the world. As in developing countries such as India, copyright laws and enforcement are relatively weak. If an erstwhile competitor would like to copy our product, and even put our name on that product, it may take some time before we would be successful in closing down that company’s copycat products. This paper makes a conclusion that the audit function is not simply an â€Å"after-the-fact† exercise. The company needs to put policies and procedures in place which conform to SEC disclosure rules and US laws about foreign practices. The Board should create a separate China subcommittee, and review on a regular (perhaps quarterly) basis the conformance to these requirements. In addition, the outside auditing firm can recommend additional ‘safety’ measures to insure that the JV complies.

Ploicy Research Paper Example | Topics and Well Written Essays - 750 words - 1

Ploicy - Research Paper Example icial system and based on constitution that is intended for public good while a policy is set up by policy markers that must be in accordance with the law and intended for all organizations. The increasing use of IT in any organizations had widespread the free access of private information to the unauthorized. To assess the company’s unauthorized computer network is sometimes valid and sometimes not as authorities do not deal with it as such; however, assessing another personnel file is another story because these are usually dealt as private company records. Almost every state in the United States and all parts of the world viewed this unauthorized use as a criminal act, but in California â€Å"an employee might use an employer’s computer service for his or her own purpose without permission if no damage is caused and if the value of supplies and computer services does not exceed $100† (Oz 429). However, such exception is considered morally incorrect if the company itself expressly imposed a policy against such activity. To provide employees with clear guidelines, employers have developed a privacy policy posted in any conspicuous locations for emp loyee notifications and they are requested to sign as a proof that they are being informed. The policy states that â€Å"access or use of any equipment or data unless such access is work-related and required to fulfill that employees’ duties, or alter, damage, or destroy any company data or documentation† is forbidden, and anyone who violated this policy is considered to be criminally liable (Oz 429). This policy is a reminder that the company / customers / employees have their right to reckon their private files to be left confidential. Every company wanted to provide their customers a high work standard and keep their workplace safe, comfortable, and productive that is why it does not tolerate abusive used of alcohol and drugs among its employees. They are true anymore with the risk and liabilities brought by