Global Concept Research Paper

Applied Concept Paper
Unit A:
Chapters 2 & 3

Due February 18, 2015
Philip Scherrer
Z23216164
Global Strategy and Policy
Monday & Wednesday 8am-9:20am
MAN 4720-004
Professor Harry Schwartz
Major: Business Management

Executive Summary…………………………………………………………..3

Abstracts………………………………………………………………………4-6

Concepts………………………………………………………………………7-8

Analysis……………………………………………………………………….9-12

Conclusion…………………………………………………………………….13

Appendices/Works cited……………………………………………………..14
**(Articles are attached at the end of the paper)**

Executive Summary
The purpose of this applied concept paper is to link some keys terms from our required course text with relevant current events in the business world. This document will better enable me to understand
He's been part of a positive culture in another state. I believe we got the right guy," says State Sen. Bob Krist of Omaha (Hammel). Scott Frakes is well known for his transformational leadership style in the Washington State prison system. He transformed 2,800 state employees, in six prisons, which were responsible for correcting 8000 inmates. His progressive policies in reform led to a decrease of 35% in use of solitary confinement that he believes can make matters worse for mentally ill prisoners. He was also responsible for overseeing the addition of a 2000 bed prison in Washington to combat overcrowding. Frakes is a transformational leader because he created a movement of change with an articulated vision for the movement and actively served as a role model. His track record has given him the ability to command respect because he has shown that he can successfully formulate and implement effective strategies. Frakes will be transforming ten state prisons in Nebraska by reducing overcrowding, use of solitary confinement, and ensuring heightened community supervision once inmates are released to protect the public. Frakes goal as a transformational leader will be to treat and restore 30% of the 5221 mentally ill inmates to reduce crowding but not until they are safe for the public. Nebraska is also in need of a transformational leader to re-rail the entire department because the former leader, Mike Kenney, prematurely released
Top managers of the corporation have followed the corrupt corporate culture of its inside board of directors to line their own pockets instead of looking out for the best interests of its shareholders. HSBC's corporate governance system is still corrupt because of the corporate culture so adding new members to the board is likely to be unsuccessful. HSBC needs to have a complete reconstruction of management as well as a new board of directors to successfully become compliant and regain shareholder trust. The old corporate governance system was one of widespread collusion with secret names for clients and total disrespect for the law by knowingly committing illegal actions. There is no corporate governance in HSBC or in HMRC, a tax agency that was in cahoots with keeping information secret from law enforcement agencies. The inside directors have kept secrets from outside directors, so they lacked the knowledge and involvement to give guidance to and monitor top management. Then to make matters worse, administrators and members of top management left without showing accountability for their actions. The board of directors is supposed to guide decisions in a responsible way that promotes corporate governance for the long-term success of a