Corporate Social Responsibility Assignment Example | Topics and Well Written Essays - 1000 words

Corporate Social Responsibility - Assignment Example Some of the products from the company include switches and routers, network security software Intel Protocol (IP) equipment as well as storage networking, optical transport devices. Nonetheless, the company runs a Research and Development Centre in Ontario and some of the customers of Cisco Systems include all businesses, providers of telecommunication services, schools, and government agencies (Cisco Systems Canada Co, 2015) . In addition, Cisco Systems Canada is a subsidiary company of Cisco Systems that is headquartered in California (Cisco, 2015). Cisco has a unique approach to CSR where the focus is to use expertise, partnerships, and technology in creating a positive impact worldwide. The company believes that social and environmental responsibility benefits people, the planet and very crucial in ensuring sustainability in business. Brazil lists among the countries that are successfully emerging from the global recession implying that the countrys economy is growing, and this explains the declining unemployment rates (Cisco, 2015). However, the country still records high crime rates owing to lack of education where teenagers choose to join youth gangs as the only way to survive. In most residents in Brazil, young people are missing out on their dreams to become better people in the future because they lack knowledge and skills (BBC NEWS, 2015). To address the situation, relevant stakeholders need to increase the resident’s access education by improving the learning sector. On the contrary, Brazil continues to attract foreign investment with multinational companies focusing on how to benefit from the growing market. In this case, company’s Cisco operates in the country but has been able to engage in corporate social responsibility projects to improve accessibility to learning in the country (Cisco, 2015). In Brazil, SOS Children Villages was initiated to shelter children who were at personal and social risks as well as empowering

Family firm going public Essay Example | Topics and Well Written Essays - 2250 words

Family firm going public - Essay Example The family business is flourishing in many developed and developing countries throughout the world. It is a particular breed of business that can be more clearly understood by keeping in mind the idea of two interconnecting but separate systems. The family and the business are two systems in that the goals, needs and tasks of each are not identical. Because of the ambiguous nature of the interconnection, problems can and do arise. Methods for sorting out the roles and rules for the two systems need to be consciously developed and understood (Bogod & Leach, 1999). The advantages of running a family business are worth reiterating. They bear closed resemblances to those voiced by entrepreneurs generally – a feeling of freedom, a provision of income and capital, a sense of creativity. Family businesses can be a satisfying way to provide a living and for family members to feel collectively rewarded for their personal sacrifices. Under the best of circumstances, the family firm can provide a basis for meaningful and enduring family connections. Although there are many advantages, the concept of family business is not free from disadvantages. One such disadvantage arises when the procurement of capital comes into picture. Few, family firms reach this stage, which comes about when the business needs additional capital to continue its operations (Sitorus, 2001). Capital is procured by going public, usually concurrent with the introduction of professional management.... referred to as the primary market and the subsequent trading as the secondary market (Monteith, 1995). It is important to an economy that both markets operate efficiently. Similarly, a liquid a transparent secondary market will encourage investors to participate in the stock market and should again increase the availability of equity capital and lower investors' required returns. (Sitorus, 2001) Until recently limited liability was only available to limited companies, which ruled out sole traders because the company had to have at least two shareholders (Kline, 1994). Many traders go round this by setting up private limited companies, with another member of the family holding nominal accounts of shares to qualify for company status. They remained, in reality, one person business. There is now the possibility of limited liability for shareholders companies. There is no upper limit to the number of shareholders. Many family businesses are organized as limited companies but others prefer the informality of remaining unregistered (Marchisio, 2003). Many family businesses have been started on this basis and some have grown to considerable size within this format. The main limitation is that shares cannot be made available to the public, which restricts the company's power to raise additional capital through new shares (Bogod, 1999).By inviting members of the public to subscribe to the business, it enjoys much wider opportunities to raise funds. Going public also gives existing shareholders greater liquidity as they can now realize the value of their shares by selling them on the open market (Newman, 1985). Since the shareholders in a family