Preview

Major Causes of Stealing of Cash-in-Transit by Employees a Case Study of G4S Security Firm

Good Essays
Open Document
Open Document
733 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Major Causes of Stealing of Cash-in-Transit by Employees a Case Study of G4S Security Firm
1.0 INTRODUCTION
This chapter contains the background of the study, the statement of the problem, general objectives, justification of the study and limitations of the study and research questions.

1.1 Background of the study.
G4s Security services has its operations in more than 100 countries and is a preferred security partner for many organisations across the globe. In Kenya G4s Kenya Limited is security expert, with global reach. It offers variety of services such as cash services such as cash processing, Logistics services, courier services, cash transportation services, Bank Escort services, Valuable Escort Services, manned Security and security systems.
G4s Kenya chapter had won the hearts of many organisation in Kenya for providing reliable and efficient services in areas of manned security services, security systems and cash transit services.
Of late the company’s image has been soiled, especially in the cash transit services where the guards who are supposed to offer security to the money have made away with very huge sums of money.

1.2. Problem statement
Many business organisations are struggling to promote their corporate image, reputation, efficiency and its market share.
Flagging the corporate scene with muddied and tinted face is G4s a security and courier firm.
The adventurous heists under G4s Kenya’s watch are examples of how corporate image is ruined.
The courier firm holds a contract with several banks to refill automated teller machines (ATMs) in the City and around the country to meet customer demands.
However, the cash-in-transit they are supposed to guard and safely transport, has too often been carted away in schemes sometimes said to involve or been hatched by the employees of the

You May Also Find These Documents Helpful

  • Satisfactory Essays

    Growth Management Services (GMS) assists and guides local governments, state agencies, and others to manage growth and development consistent with the Growth Management Act (GMA).…

    • 372 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    The affect of the unethical behavior has changed the profitability of the company drastically but is now starting to regain their name with the new CEO pillmore and he has worked hard to reestablish the company’s integrity. He has also set new guidelines for ethical conduct and has…

    • 374 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Technical Paper 502

    • 1305 Words
    • 5 Pages

    GFI’s network is fairly stabilized as it has not experienced many outages due to network failures. GFI has hired three (3) network engineers to keep up with the network growth and the bandwidth demand by the company employees and the clients. However, the company has not hired any security personnel who can take care of the operational security responsibility.…

    • 1305 Words
    • 5 Pages
    Powerful Essays
  • Powerful Essays

    Monsanto Ethics Study

    • 4118 Words
    • 17 Pages

    Beset on all fronts by disputes as varied as the dumping of toxic waste, bribing convictions in Indonesia, misleading advertising in France and child labour allegations to name a few, Hugh Grant wondered where the company had lost it’s way and what could be done to set things right.…

    • 4118 Words
    • 17 Pages
    Powerful Essays
  • Good Essays

    The company offer services to other parts of the world such as Caribbean, Europe, Australia, South America, Middle East, Asia and parts of North America. The firm also offers both international and domestic services…

    • 1327 Words
    • 6 Pages
    Good Essays
  • Good Essays

    Hm Case Summary

    • 575 Words
    • 3 Pages

    * This has demonstrated the company’s management has been corrupt in some respects, especially the earning should be used to solve the company’s own operation problem.…

    • 575 Words
    • 3 Pages
    Good Essays
  • Good Essays

    World Com

    • 649 Words
    • 3 Pages

    In the case of WorldCom, a national company that began in 1983 and would provide long-distance telephone services, it is hard to determine where the problem begins. The case, as explained in the book, has never really found the core of the problem. We are told that financial reports were falsely created and improper accounting practices were found, but who is to blame? The textbook tells us that several of the former top financial executives pleaded guilty to securities fraud, however they defended themselves to say that they were forced to cover things up by other top officials.…

    • 649 Words
    • 3 Pages
    Good Essays
  • Better Essays

    Kenya Research Paper

    • 2528 Words
    • 11 Pages

    Kenya is still the primary focus of all adventure travel in Africa. It is one of the finest and undoubtedly the most famous safari destination in the world. Safari, however, is by no means the only reason to visit Kenya, for the attractions of its rich culture and diverse environments are considerable.…

    • 2528 Words
    • 11 Pages
    Better Essays
  • Satisfactory Essays

    Care Kenya Case Study

    • 838 Words
    • 4 Pages

    Outline Staffs • 300 staffs, budget of 14 mil US$ (’04) • Excellent in community engagement & mobilization • Paid on a nonprofit compensation model p p - Reward process rather than profit - paid for the mandate for aid, not trade…

    • 838 Words
    • 4 Pages
    Satisfactory Essays
  • Good Essays

    Operation Get Rich or Die Tryin' is just one example in a sea of inadequate security measures that is far too common in today corporations. The fact that TJX failed not only to notice the breach, but also to implement basic security measures is concerning enough. However, this inevitably leads us to ask if such a large corporation had this level of neglect, how pervasive is the lack of security in the industry? To answer the question, all we need to do is take a look at last couple of years in the news. We can see from a quick Google search that we've had hacks on Experian, Yahoo (in which I was personally affected), Sony and Uber, just to name a few. These are companies with which we are all familiar. and with vast amounts of capitol at their disposal. Yet somehow they still failed in their responsibility to safeguard some of our most…

    • 724 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    - Image crisis no. 1: ‘A world needs a big bank’ campaign vs. closing 170 branches in the UK. In 2000 Barclays launched a ‘Big’ campaign with the slogan: ‘a big world needs a big bank’. Barclays wanted to be seen as an ‘big’ bank by its important stakeholder groups. The adverts were slick and had received good pre-publicity, but it turned into a communication disaster. Because Barclays was spreading the word that is was a big bank, while closing 170 branches in the UK. Barclays started to lose more reputation when it was revealed that the new Chief Executive had been paid £1.3 million for just 3 months’ work. The situation was further aggravated by the arrogance with which Barclays announced and justified the decision of closing all the branches in the rural areas. - Image crisis no. 2: ‘‘Children; do not pile up debts on your credit cards.’’ Another image crisis occurred in 2003 when the CEO of Barclays, Matthew Barret, said that he did not borrow on credit cards because they were too expensive and that he has advised his four children not to pile up debts on their credit cards. Since Barclays is the biggest credit card company of the UK, the CEO stunned his customers with what appeared to be a similar vote of no confidence in his own product. - Image crisis no. 3: ‘‘Excessive risk taking’’ In 2008, at the height of the global financial crisis, a third image occurred. Many banks turned to the government for cash injections. Barclays, however, raised billions from investors in Qatar and Abu Dhabi. The reason for this was that it would allow the bank to retain ‘complete control’ over running their business, like paying the bonuses to its top executives and investment bankers. Although some…

    • 958 Words
    • 4 Pages
    Powerful Essays
  • Good Essays

    Corporate Crime

    • 969 Words
    • 3 Pages

    Corporate crimes are crimes committed by corporate officials that are in the interest of the corporation. They can be hard to detect and can include embezzlement, falsifying financial statements and bribery. Three main factors were made to assist in understanding the theory of corporate crime, such as the drive for profit. This is important because all companies want to pursue making money in any way possible, yet some choose illegal and deceitful actions as others do not. Using the structure of organizations, the second factor, corporations strive to survive in competitive environments to achieve their fundamental goals. No matter what method is being used to obtain profit and since corporations have multiple employees with different jobs, this makes it difficult for officials to detect who is responsible for illicit behavior. The third factor, corporate culture is also important in corporate crime because most employees follow the rules and actions their corporate officials provide for their business. If corporate officials are setting the roots for their company, their actions and beliefs can lead to an attitude in which the type of behavior shown is acceptable. These factors explaining the theory of corporate crime are present within the Enron scandal, which will be explained throughout this essay.…

    • 969 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Looking at the history of the organisation, it has come a long way since 1979 in developing its brand, reputation and presence in the market. However, with a number of factors outside their control, the main issues that the organisation faces are:…

    • 794 Words
    • 4 Pages
    Good Essays
  • Better Essays

    Pestle Analysis: Safaricom

    • 2285 Words
    • 10 Pages

    Safaricom Limited. Is a mobile network operator with headquarters in Nairobi, Kenya.With an estimated 10 Million customers and 1$ Billion in revenues, it is, without a doubt, Kenya’s leading telecommunications company. Further testament to this fact is the recent Initial Public offering of its shares which was the largest ever in East and Central Africa.…

    • 2285 Words
    • 10 Pages
    Better Essays
  • Powerful Essays

    Oil and Gas Proposal

    • 2044 Words
    • 9 Pages

    Limited is a privately owned company incorporated under the Companies Act Cap.486 of the laws of Kenya. The Company is licensed to procure and market petroleum products in the domestic Kenyan market as well as for export to the neighbouring Great Lakes region in Africa.…

    • 2044 Words
    • 9 Pages
    Powerful Essays