Phase 3 DB 1

Phase 3 Db 1 Rebecca Lyn Oberstadt INTD670-1304B-04 Leadership and Ethical Decision-Making Instructor Maurice Ivy December 12, 2013   A Meeting of Minds When I was first asked to prepare for a meeting between the managers of UWEAR and PALEDENIM I was a bit apprehensive. I know that they both have very different management styles, corporate policies, and essentially two different companies who work in the same industry. Yes, they both have a uniform company, yes they both work to provide the same and similar services, but each company is run a different way with different rules and guidelines. To break this down further each company needs to be examined. UWEAR is a publicly traded company and has 100 employees, it has been in business for a long time and is well established in the Uniform industry. Their employees are very independent and tend to work alone and get things accomplished. Because of the sheer number of employees they don’t have time to hand hold. They are also regulated by the government and the trade commission since they are a public company. PALEDENIM is a private company and only has 15 employees, has been in business a few years but nowhere near the time as UWEAR. They have a family oriented business motto. They help each other out and work as a close nit team to get things done. Now what does public versus private mean? “Privately-held companies are - no surprise here - privately held. This means that, in most cases, the company is owned by the company's founders, management or a group of private investors. A public company, on the other hand, is a company that has sold a portion of itself to the public via an initial public offering of some of its stock, meaning shareholders have claim to part of the company's assets and profits.”(Investopia,2009) So since we now know the difference between public and private we see that one company has more public scrutiny forced upon it as it has stock holders and other companies keeping an eye on the daily events of the company and how it runs. I reviewed some regulations that might also affect the companies status of public versus private and that has to do with the Sarbanes-Oxley Act that was established in 2002. “The legislation came into force in 2002 and introduced major changes to the regulation of financial practice and corporate governance.” (soxlaw.com, 2013) These regulations help keep companies accountable for everything no matter if they are public or private. After reviewing the law and regulatory commissions needed to keep the companies running smoothly I have a better understanding of what materials I need to prepare for this meeting. I have learned enough about the topics to be comfortably informed. I think laws and regulations aside though, the companies need to go to bed together so to say. They both need to look at what each company does and try to merge their ideas together. They both work efficiently now, but when the merger is complete people will feel stepped upon if things don’t get merged completely. I think that team work is great and the managers need to take a look at how the smaller of the two business accomplishes this teamwork and the larger company needs to implement some of that into their practices. Just like the small company needs to learn to be more independent from one another and take some initiative to do things and see wht they can accomplish on their own. The best way to show each company that the other will work best if they merge not only companies, but ideas, and management styles should be an effective thing to do. They need to be showed pros and cons to each situation. By using something like PowerPoint or old fashioned story boards. This way they can see things side by side. Each slide or board should be accompanied by options to help the teams merge into these situations and back everything up with resources you found where other companies have done the same if not similar things. This can show the managers that this can be done and efficiently.   Bibliography Page Cooley,LLP (2003). The Sarbanes Oxley Act of 2002: Final SEC Rules Regarding Codes of Ethics. From http://www.cooley.com/57376 Investopedia.com(2009). What's the difference between publicly- and privately-held companies?. From: http://www.investopedia.com/ask/answers/162.asp Ivy,Dr. Maurice (2013). FAQ: Organizational Codes and the Law. From: https://campus.ctuonline.edu/pages/MainFrame.aspx?ContentFrame=/Home/Pages/Default.aspx Mechur, Robert, 2009. Rochester Business Journal, Yes Sarbanes-Oxly applies to private companies. From: http://www.boylancode.com/news-knowledge/articles/62-yes-sarbanes-oxley-applies-to-private-companies Soxlaw.com(2006) Sarbanes-Oxley Act. From: http://www.soxlaw.com/index.htm Phase 3 Discussion Board Instructor Comment Sun (12/8) 75 71 A RLO: Good job with your discussion and comments regarding the invitation, the stakeholders, and potential outcomes to the situation. Your points were allocated as follows: Discovered Connections through Meaningful Discussion with Peers and Critique of Others' Responses – Possible points- 15/75 Assessed Importance and Impact of Key Course Concepts for Career Area – Possible points- 15/75 Integrated and Synthesized New Topic and Applied Course Concepts to Student's Own Experience – Possible points- 15/75 Formulated a Statement that Demonstrated College-Level Thinking – Possible points- 9/75 Evaluated the New Learning Gained from Course Materials, Readings, Problems, Chats, References, and Reflections – Possible points- 6/75 Timeliness of Submission: Main Discussion Board Posting – Possible points- 9/75 Timeliness of Submission: At Least Two Responses – Possible points- 3/75 APA adherence: – Possible points- 3/75 Please make sure to review the sample APA paper before and after writing your discussion. Place a period or punctuation after your citation – unless you use a block quote. Make sure to include the source, year, and page or para. # in your citations after each direct quote. Total Points: 71 / 75