Indian liquor industry – Regulatory hangover to continue The Indian liquor industry is a high-risk industry‚ primarily on account of the high taxes and innumerable regulations governing it. As a result‚ liquor companies suffer from low pricing flexibility and have inefficient capacities‚ which‚ in turn‚ have led to low margins and weak financial profiles. Moreover‚ even though the two large liquor groups in the country enjoy a majority market share‚ the price-sensitive nature of the industry has
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Q1. Evaluate the ethical issues concerned with the operation management decisions of the IMC plant. 1. Issue of “sweatshop” Condition in IMC plant i. Dangerous and Poor Working Condition The poor layout of facilities inside the plant directly and seriously affected the worker safety. There were several evidences to show that IMC did not provide a safety and proper working environment for its staff and contractors: - Zinc buffer stocks were stored everywhere even blocking the walkways and emergency
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ENTRY BARRIERS IN LIQUOR INDUSTRY When a new firm enters into an industry it can affect all of the firms that are currently in that industry. “new entrants to an industry bring new capacity‚ the desire to gain market share‚ and often substantial resources. Prices can be bid down or incumbents cost inflated as a result‚ reducing profitability.”24Therefore as new firms enter into an industry the entire industry’s potential for sustained profits is reduced due to the increased amount of competition
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Ethical Issues in the Insurance Industry Jeff Bolling Columbia College Abstract Ethical behavior is crucial to preserving not only the trust on which insurance transactions are based‚ but also the public’s trust in the insurance industry as a whole. Sometimes the push to act unethically comes from the consumer. How many consumers expect their insurance agents to falsify their applications or claims? You like your agent‚ he or she likes you‚ they really want to help you out‚ that’s just
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Ethical Issues in the Fashion Industry Introduction This essay reflects on the lecture titled Creative Economy by Martin Bouette. I found this lecture relevant to my final project. My topic is the changing trends in the apparel industry. How Corporate Social Responsibility affects the supply chain‚ going local from global‚ vertical from horizontal. The lecture is relevant in many aspects‚ for example the knowledge society’s changes and ethical issues and responsibility within the apparel industry
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Ethical Issues In Recording Industries Ethical issues in the recording industries Background of Media What is Recording Industry • Known as Music Industry • People in the industry involved- Artists‚ songwriters‚ composers and many more. • An industry that uses songs to earn money • Commercialized the arts. Recording Industry • There are more than 200 recording company in Malaysia. • Sony BMG • Rock Record • EMI (Malaysia) • Halo Music • Warner Music Recording Industry
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head: ETHICAL ISSUES IN THE PHARMACEUTICAL INDUSTRY Ethical Issues in the Pharmaceutical Industry Abstract No one can deny that the pharmaceutical industry has made significant contributions to human progress. The pharmaceutical industry has been responsible for drugs that have saved millions of lives‚ cured many forms of cancer‚ and ensured that an AIDS diagnosis is no longer an automatic death sentence. Yet despite this there are questions that the public has on whether the industry has been
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Tobacco Ethical Issues The five ethical issues that I have selected from thetruth.com are: misrepresenting cigarettes as a safe consumable good‚ using flavored tobacco to appeal to a larger demographic‚ referring to children as “replacement” smokers‚ cigarette butts kill fish and micro-organisms‚ and helping minorities get jobs to buy cigarettes. Misrepresenting cigarettes According to the information available on thetruth.com‚ big tobacco has been implying they are producing a safe consumable
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Recommendation | 5 | | | Reference | 6 | In recent decades‚ the discovery of petroleum change people’s lifestyle in a great extent. And the so-called ‘Black gold’ has become one of the world’s most lucrative industries. (Falola‚ T‚ Genova‚ A‚ 2005) But‚ even so‚ the oil industry almost impossible builds a positive image among the general public. As we know‚ there is no angel in oil companies‚ in most cases‚ oil companies’ behaviors often result in the negative impact to the human‚ society‚
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Liquor industry-In 2013… India is the 3rd largest liquor market in the world. One of the fastest growing markets in the world‚ on the back of demographics & economy. The overall retail market size of liquor is ~$35 billion per annum. Strong MNC presence with Diageo‚ Beam Global‚ Pernod Ricard‚ Heineken‚ SAB Miller‚ Carlsberg and more. There are 3 broad categories – IMFL (Indian Manufactured Foreign Liquor which includes whiskey‚ rum‚ brandy‚ vodka & gin)‚ Beer and Country Liquor (cheaper‚ spiced
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