Parmalat fraud scandal_Team10_03112014

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Information about Parmalat fraud scandal_Team10_03112014

Published on March 12, 2014

Author: araemy

Source: slideshare.net

Italy United States • Republic • Capital city – Rome • 15 regions and 5 autonomous regions • President – 7 year term (no term limits) • Use Civil Law System • Judicial review under certain conditions in Constitutional Court • Italian National Action Plan on CSR • In March 2013, Italian Ministry of Labor and Social Policy presented plan to increase the culture of responsibility among enterprises, citizens and local communities • Corruption Perceptions Index 2013: • ranked 69, Score 43 (Score 0 = highly corrupt) • Constitution-based federal republic; strong democratic tradition • Capital city – Washington, DC • 50 states and 1 district • President – 4 year terms (eligible for a second term) • Use Common Law System - Federal Level • Use State Legal Systems (Not Louisiana) • Awards for Corporate Excellence • The Secretary of States ACE recognizes the important role U.S. businesses play as good corporate citizens • Corruption Perceptions Index 2013: • Ranked 19, Score 73 (Score 100 = very clean)

Italy United States • Market Cap - 480,452,646,400 • GDP per capita - 33,072 USD • Labor Force - 25,658,144 • Unemployment – 10.7 % • 11th largest importer and 9th largest exporter of goods • Italy exports 286,392,000 USD worth of dairy products to the United States (2010) • EU import regulations affect country of origin and labeling standards especially on Genetically Modified Foods (GMOs) • Borsa Italiana S.p.A. • Based on Milan, is Italy’s main stock exchange privatized in 1997. Also part of London Stock Exchange • Market Cap - 18,668,333,210,000 • GDP per capita - 51,749 USD • Labor Force – 155,460,000 • Unemployment – 6.6 % • 1st largest Importer and 2nd largest exporter of goods • United States dairy exports are concentrated within NAFTA with Mexico 1st, Canada 2nd and China 3rd (2010) • About 28,000 part time and fully time employees in the dairy industry. • Places different tariffs on Milk and other diary product imports • New York Stock Exchange • Worlds largest stock exchange

Italy United States • Population: 61,482,297 (Jul 2013) • Growth rate: 0.34% (rank 163) • Major City: Rome (3.357 million) • Life Expectancy: 81.95 years • School life expectancy: 16 years • Obesity • Ranked 97 in the world, 19.8% of adults are obese • Poverty • Over a quarter of the population in Italy lives below the poverty line • Family Values • The family is the center of the social structure and provides a stabilizing influence for its members • Population: 316,438,601 • Growth Rate: 0.9% (rank 124) • Major City: New York (8.337 million) • Life Expectancy: 78.62 years • School life expectancy: 17 years • Obesity • Ranked 18 in the world, more than one third of Americans are obese • Average American consumes more than 3,500 calories per day • Health value • 17.9% of US GDP is allocated for health expenditures (Ranked 3)

Italy United States • Internet Download Speed at 7.8 Mbps • Ranked 4th in number of internet hosts at 25,662,000 • Ranked 10th in the total amount of “green electricity” produced • Piracy Rate – 48% (High) • Commercial value of unlicensed software - $1,945 million • Rate of cyber-crime – 3% Parmalat - secured quality • Use Ultra High temperature technology • Use technologies in packaging • reduce bacterial level less than 10,000 • unique packaging design (eating yogurt without spoon) • Internet Download Speed at 21.7 Mbps • Ranked 1st in number of internet hosts at 505,000,000. • Ranked 2nd in the total amount of “green electricity” produced • Piracy Rate – 19% (Low) • Commercial value of unlicensed software - $9,773 million • Rate of cyber-crime - 23% (High) • Malicious code (ranked 1) • Spam zombies (ranked 3) • Phishing web site hosts (rank ed1) • Bot (ranked 2) • Attack origin (ranked 1) • Frequent and accepted usage of GMOs (Genetically Modified Organism)

Italy United States • Languages: Italian-Official • (German, French, Slovene ) • Ethic Groups: Italian • (Including German-, French-, Slovene-, Albanian-, Greek-Italians) • Religions: Christian 80% • (Muslims, Atheists and Agnostics) Hofstede’s Cultural Dimensions: • Power Distance=50 • Low in North, High in South • Individualism=76 • High in North, Less in South • Masculinity=70 • Competition is significant • Uncertainty Avoidance=75 • Must express emotions • Languages: No official language • English 82.1%, Spanish 10.7% Other 7.2% • Ethic Groups: White 79.96%, Black 12.85% • Asian 4.43%, Other 3.73% • Religions: Protestant 51.3% • Roman Catholic 23.9%, Mormon 1.7%, Christian 1.6%, Jewish 1.7%, Buddhist 0.7%, Muslim 0.6%, Other 18.6% Hofstede’s Cultural Dimensions: • Power Distance=40 • “liberty and justice for all” • Individualism=91 • Receive what one deserved • Masculinity=62 • Successes and achievements in life • Uncertainty Avoidance=46 • 9/11 – created a lot of fear in the society

• World price of dairy is estimated to rise in 2013 • When the price of dairy rises, the prices of manufactured dairy products also increases such as cheese, yogurt, ice cream • Health and diet • As consumers become more health conscious, milk substitutes such as soymilk pose as an increasing threat in NA and Europe • High risk of food contamination in food products • Competitors • In order to survive in the sales, company cut employees • Possibly have more Competitors from BRIC emerging markets • Climate changes • It affect firm’s operating environment • High feed costs, energy costs, and maintenance costs

• Estimated population in 2025 will rise to 8.08 Billion • Global population rises, the demand for milk and cream rises as well, benefiting industry revenue • In 2018, IBISWorld forecasts that industry revenue will increase by 4.0% to a total of $574 billion • Technology • Advancements in technologies extend products expiration dates • Expertise in new technology usage is an opportunity for efficiency and increase production • Health and Diet • Capitalize on consumer’s health awareness by contributing more fresh fruits, vegetables, yogurts, etc

• "Country Profiles." Welcome to APEDA Agri Exchange. 2013.Web. 02 Mar. 2014. • "Country Profiles." Central Intelligence Agency. Central Intelligence Agency, n.d.Web. 02 Mar. 2014. • "Corruption Perceptions Index 2013 View Results Table View Brochure." Corruption Perceptions Index 2013. N.p., n.d.Web. 08 Mar. 2014. • Daniels, John D., Lee H. Radebaugh, and Daniel P. Sullivan. International Business: Environments and Operations. Upper Saddle River, NJ: Pearson Education/Prentice Hall, 2011.N. pag. Print. • "Data | The World Bank." Data | TheWorld Bank.Web. 01 Mar. 2014. • Global Milk & Cream. Rep. no. C1111-GL. N.p.:IBISWorld, 2013.IBISWorld Industry Report. IBISWorld.Web. 6 Mar. 2014. • "- Italy Corporate Sustainability Reporting." - Italy Corporate Sustainability Reporting. N.p., n.d.Web. 11 Mar. 2014. • Luthans, Fred, Jonathan P. Doh, and Richard M. Hodgetts. International Management: Culture,Strategy,and Behavior. 8th ed. New York: McGraw-Hill, 2012.Print. • Miller,Roger LeRoy., and William E. Hollowell. "Crimes Affecting Business." Business Law:Text & Exercises. 6th ed. Mason, OH: South- Western Cengage Learning, 2011.95-99.Print. • Penn, Jacqueline E., Katherine C. DeVille, and E. Eldon Eversull. "COOPERATIVE STATISTICS." United States Department of Agriculture. N.p.,Nov. 2010.Web. 2 Mar. 2014. • SHADOW MARKET 2011 Bsa Global Software Piracy Study. Rep. 9th ed. N.p.:Business Software Alliance, 2012.Print.

• Sumo3000 in Computer Security. "Top 20 Countries Found to Have the Most Cybercrime." Remove Spyware Malware with SpyHunter Enigma Software Group USA LLC Top 20 Countries Found to Have the Most Cybercrime Comments. Enigma Software, n.d.Web. 08 Mar. 2014. • "Trade Statistics for International Business Development." Trade Map.Web. 02 Mar. 2010 • "THE WORLD FACTBOOK." Central Intelligence Agency. Central Intelligence Agency, n.d.Web. 01 Mar. 2014. • "THE HOFSTEDE CENTRE." Countries.THE HOFSTEDE CENTRE, n.d.Web. 02 Mar. 2014. • United States. Central Intelligence Agency. Central Intelligence Agency. Central Intelligence Agency, n.d.Web. 01 Mar. 2014. or Statistics." U.S.Bureau of Labor Statistics. U.S. Bureau of Labor Statistics,Web. 28 Feb. 2014. • "United States Labor Force Statistics - Seasonally Adjusted." United States Labor Force Statistics - Seasonally Adjusted.Web. 02 Mar. 2014. • "U.S. Energy Information Administration - EIA - Independent Statistics and Analysis." United States. U.S Department of Energy, n.d. Web. 01 Mar. 2014.

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