Nortel case study 10 discuss how to prioritize the

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NORTEL CASE STUDY 10 Discuss how to prioritize the following remedies to stop such recurrences: business education, regulation of accounting /financial markets, regulations of incentives, or regulation of punishments. I believe that developing or prioritizing any of the above state stated remedies will be an excellent way to start from and will in turn benefit the secondary stakeholders of the company. I would prefer ovehauling the entire system and take a fresh start and implement the concept of Gospel of Wealth so that the top management remains aware of the requirements of the middle and lower level employees and not just focus on one single idea or concept that can be effectively implemented in all organizations. It is important that the primary stakeholders needs should be met, but it is equally important that they should work within their boundaries under strict check and balance. There are many different ways that can positively impact other organizations and might not be suitable for a single one that might suit as per the situation. Any remedy that is effectively implemented can curtail the business unethical practices and save them from repeating the same issue in the future. The company should not promote activities that help in fraudulent activities and tax avoidance . Conclusion The Nortel Cooperation became the largest telecommunication equipment supplier in 2000 across the globe. After witnessing a dramatic rise in 2000, Nortel’s downfall was drastic which forced the company to close its business operations in 2009. There have been various factors that led to the high and decline of the organization. The major factor that resulted in the decline of the company was the fraudulent activities by the senior managers and accountants for their personal gains, the highest amount of compensation and allowances and the global financial crisis.
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NORTEL CASE STUDY 11 References Calof J. (2014) An Overview of the Demise of Nortel Networks and Key Lessons Learned, - executive-summary.pdf Collins, D. (2011). Business Ethics: How to Design and Manage Ethical Organizations. Hoboken: Wiley & Sons. Fogarty T. (2008) Inside Agency: The Rise and Fall of Nortel, Journal of Business Ethics , Volume 84, Issue 2, pp 165-187. Kumar S and Martin J. (2010) Case study: Nortel, Financial Times , - b9800144feabdc0.html#axzz3aHgi2z53 Tyson J. (2014) TIM Lecture Series – Adventures in Innovation: Inside the Rise and Fall of Nortel, Technology Innovation Management Review . Vinluan F. (2009) The Rise and Fall of Nortel: Unwise acquisitions, scandal led to downfall, BizJournals , ? page=all Wahl A. (2009) The good, the bad and the ugly: Nortel Networks, Canadian Business , - nortel-networks/
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