Wholesale Medical Marijuana Distribution Essay Example | Topics and Well Written Essays - 250 words

Wholesale Medical Marijuana Distribution - Essay Example The farm produces the marijuana and sells it to retail stores in Denver and Colorado. The farm processes its product to improve its quality before selling it to producers. The company aims at the production of high quality marijuana that satisfies the target market demands. The targets of the business include the adult recreational marijuana users and the medical institutions that require marijuana (Hutchison, 2014). The company aims at satisfaction of customers and improved quality in the marijuana medical products. The mission statement of the business is the selling of high-quality marijuana to the market and foster customer satisfaction. This through customer valuation and enhancing accountability in the delivery of the product. The priority of the company are the customers, rather than the company. The marketing goals are to deliver the medical marijuana at all medical institutions in Colorado and Denver by the end of the year. The goal is also to provide customer satisfaction through the evaluation of the customer demands in different business settings (Beesley, 2013). Another goal is to ensure that the potential customer is informed about the business and its value in the medical field. The company is among the few that have been allowed to deliver marijuana on a wholesale scale in Colorado and Denver. The online market has been incorporated into the company to ensure easy access to the product. The medical market has also revolutionised and has a high demand of marijuana. Beesley, C. (2013). Sole Proprietorship – Is this Popular Business Structure Right for You? The U.S Small Business Administration. http://www.sba.gov/blogs/sole-proprietorship-popular-business-structure-right-you Hutchison, B. (17th January, 2014). Medical Marijuana Production in Canada set for Dramatic Change. National Post. Accessed 31st August 2014. http://news.nationalpost.com/2014/01/17/medical-marijuana-production-in-canada-set-for-dramatic-change/ Krizman, R. (2009).

Ethics in Corporate Governance Essay Example | Topics and Well Written Essays - 750 words

Ethics in Corporate Governance - Essay Example Corporate governance helps to bring a supreme level of satisfactions to five different constituencies, such as employees, customers, vendors, investors and societies. Effective corporate performance and successful markets are based on a commitment to fundamental ethical principles. Ethical standards can be expressed in a formal conduct requirement of the organization which can guide preferred behavior of an organization. Six Steps Majority of the successful organizations implemented several codes of ethics for their employees to conduct in an appropriate manner while practicing business operations. Corporate ethics are considered as the guiding principles. â€Å"Ethics helps to build mutual relationship and develop the sense of social belongingness† (Sison, 2008). Effective corporate governance can be achieved through best practices and set of principles. An effective deal depends upon the honesty, integrity and manners. Corporate governance determines how an organization is m anaging their relationship with their stakeholders and shareholders. Ethical investors always expect transparency and honesty from the organizations. Six steps can be recommended to the board of an organization in order to maintain ethics. The board of the organization must implement their own fundamental capabilities and values. This will help them to optimize their leadership potential. They should build an organizational environment of trust with their investors and employees. Moreover, all the stakeholders of the organization should feel free to discuss several ethical issues and dilemmas with the board of the organization. It is the important for the organizations to clarify and announce the responsibilities and roles of the management and board in order to provide an effective level of accountability to the stakeholders. â€Å"Material matters’ disclosure should follow transparency by the organizations† (Fernando, 2009). The board of the organization should ensur e that all the investors have effective access to the factual and clear information. Therefore, it can be stated that ethics play an important role in corporate governance and organizational performance. If the organizations have high reputation for effective ethical behavior, it can engender both employee and customer loyalty. Board of the organization should ensure that ethical codes and vision of the organization is communicated to every stakeholders of the organization. The board should integrate these codes with the ethical vision of their company. This process can be executed through policy manuals, newsletters, team meetings, corporate meeting with investors, and several training events. The board of the organization should ensure that the organizational culture and behavior are following ethical vision. Reports regarding unethical behavior need to be thoroughly investigated by the board. Moreover, it is their responsibility to punish the violators of corporate governance and ethical standards. In addition, the board should provide rewards to those employees who are maintaining positive ethical behavior. Most importantly, the organization should provide all true and factual information to their investors and other stakeholders. Last controlling and sustaining ethical behavior will be the last step for the board of the organization. They need to execute survey process in order to know the ethical behavior of the organizatio