Ethics in Business - Abc Learning Case Study - 1641 Words

Overview of the Business: ABC Learning Ltd was an Australian provider of early child hood education services, founded in Queensland in 1988, that through its 18 centres was the largest single operator of early childhood education services in Australia by 1997. Led by founder Eddy Groves, ABC Learning Ltd continued to grow, through the opening of new centres and the acquisitions of rivals i.e. peppercorn Childcare in 2004 in which 450 centres were purchased for $340 million. â€Å"By 2008, ABC Learning was the largest provider of childcare, holding around 20 per cent of the long day care market and providing care to over 100 000 children† (Senate education, employment workplace relations committee, 2009). In 2005 Mr Groves began an†¦show more content†¦Mr Groves’ corporate governance practices were poor, and is currently in legal proceedings regarding interparty transactions, this was certainly news worthy, and damaged the company’s reputation and slowed investor confidence. Additionally, the price paid to companies was deemed to be above market norms, siphoning more money from the companies depleted coffers. Critics are focused on the â€Å"mess† of the books for ABC Learning Centres Ltd, specifically the complex way in which revenue and profits were accounted for, â€Å"particularly the way compensation payments from centre developers were counted as revenue† (Thompson 2008). The Financial position of ABC Learning centres was misrepresented and projected a positive image of the financials, until Auditors Ernst and Young were required to pour over the books after the collapse. All of these issues are summed up in Thompsons (2008) assertion that Groves was the right man to grow the business but not the right man to manage the business, had the right manager been in place then the organization may have been able to turn its fortunes around. The Ethical Issues of the case: Firstly there is a significant Ethical and morale lapse in a share floated company when the CEO engages in related party transactions. The moral issues ariseShow MoreRelatedThe Digital Of Digital Identification1483 Words   |  6 Pagese-book twitter, etc., the particular Organization learning resource organizing software’s utilized in the particular companies, Information technology software’s just like tally, Trade Bolt system utilized in Broker households in addition to various other customized programs around companies. This specific document offers useful information to the significance about defence involving electronic identification from the agencies via because research study technique. The situation review displayed fromRead MoreManagement Failures3530 Words   |  15 Pagesp. 3 3. Part B: Managerial ethics p. 4 4. Part C: Corporate social responsibility p. 6 5. Conclusion p. 7 Reference List p.9 1. Introduction The purpose of this assignment is to portray and evaluate the main management failures that led to the collapse of ABC Learning Centres Ltd (ABC) under the management of Eddy Groves. Therefore it is to be looked at the following areas: internal and external environment, managerial ethics and corporate social responsibilityRead MoreAn Analysis of Corporate Collapses4180 Words   |  17 Pagesin the text. I also declare that it has not been submitted for assessment in any other unit or course. Table of Contents Executive Summary 3 Introduction†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦4 Agency Theory and Relevant Hypotheses 5 ABC Learning Centres Limited - Australia 7 Olympus Corporation - Japan †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..10 WorldCom Incorporated - United States of America†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 13 Conclusion 16 Reference List†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.†¦17 Executive Summary Read MoreCorporate Accountability Abc Learning Case Study3462 Words   |  14 PagesABC LEARNING CASE STUDY Table of Contents Nature and relevance of risk to corporate accountability 3 Importance and implementation of risk analysis and risk management systems. 4 Risk management 4 Risk analysis 6 Risk management framework 7 ABC Learning 8 Risk at ABC 9 ABC’s Financial Statement 10 Comparing and contrasting corporate governance 13 Corporate Governance Theories 13 Usefulness of publicly available information 16 References 18 Nature and relevance of risk toRead MoreCollapse of Abc Learning Centre Austrailia3382 Words   |  14 PagesTable of Contents Table of Contents 1 1.0 Introduction 2 2.0 The Internal and External Environment 2 2.1 The Internal Environment 2 2.2 The External Environment 3 3.0 Managerial Ethics 5 4.0 Corporate Social Responsibility 7 5.0 Conclusion 10 References 11 1.0 Introduction ABC Learning Centers, an Australian company was then run by CEO Eddy Groves and at one point was the worlds largest provider of early childhood education services before the company bizarrely collapsed. TheRead MoreCollapse of Abc Learning Centre Austrailia3370 Words   |  14 PagesManagerial Ethics 5 4.0 Corporate Social Responsibility 7 5.0 Conclusion 10 References 11 1.0 Introduction ABC Learning Centers, an Australian company was then run by CEO Eddy Groves and at one point was the worlds largest provider of early childhood education services before the company bizarrely collapsed. The share price had dropped from a massive $8.50 to just $1.15 within a span of a year (Cohen C 2009) The purpose of this report is to identify and critically discuss management issues at ABC LearningRead MoreCommunity Learning Center Practicum : My Internship At Neighborhood House1216 Words   |  5 PagesSOWK 391: Community Learning Center Practicum My junior internship at Neighborhood House provided me the opportunity to gain experience and expanded my knowledge working with the diverse population. Neighborhood House has prepared me to work with all population such as race, gender, age, and all culture. I had the opportunity to be in three different programs during my journey as social work student in Neighborhood House. The three programs were; Food Support, Early Childhood, and Youth LeadershipRead MoreSchool Of Thought Is Essential School For The Procedure Of Change Management Essay1821 Words   |  8 Pagesassociation will come to realize that what sort of transforms they have to be carried out in their inner surroundings. There are different methods for an organization which must be clear and interesting to make change. ïÆ'Ëœ 2. THE LEARNING OR PLANNING SCHOOL â€Å"The learning school of thought provides for us the definite data about the change. Once the administrators and the association resolve to adjust the generally planned change, they have to make consistent orderly approach to perform the objectivesRead MoreCase Study : Chief Legal / Ethics Officer2238 Words   |  9 PagesCase Study â€Å"As Chief legal/ethics officer /compliance officer of ABC hospital, you are responsible for providing guidance and leadership to your health care employees. You hold monthly meetings for high-level staff to address employee and other concerns. In your most recent staff meeting, you focused on trends that are alarming to you: a rising employee turnover rate and declining morale among staff. What leadership competencies are needed to reverse these trends? Propose a plan for the hospitalRead MoreBusiness Ethics9512 Words   |  39 PagesBUSINESS ETHICS LEARNING PORTFOLIO 2011 This learning portfolio is a summary of my learning journey of Business ethics in last four months. It is a formal academic document prepared with diverse events that I have learned from all the resources in and around me. By writing and presenting this portfolio, I have achieved the unit outcomes of Business Ethics 657. Deepak Kuriacose Student ID: 14211825 Unit Coordinator: Dr .David Pick 23/05/2011 BUSINESS ETHICS: Portfolio Navigation