Section C and Media Log - Desklib

This document discusses the relevant current issues, business practices or challenges from Media Log and their implications on decision making in your organization and/or industry for each dimension. It provides insights on Ethics & business, Corporate social responsibility, Sustainability, and Globalisation. The Media Log section includes a list of events/issues with brief discussions and media sources.

Running head: SECTION C AND MEDIA LOG 1
Section C
Name
Institutional Affiliation

SECTION C AND MEDIA LOG 2
Section C:
Dimensions Identify the relevant
current issue,
business practice or
challenge from your
Media Log (include
reference)
Critically analyse your
chosen issue, business
practice or challenge
including implications it
would have on the decision
making in your
organisation and/or
industry for each
dimension
Ethics &
business:
“Doing the
right thing”
Many businesses are
now adhering to the
diversity at workplace
by giving equal
opportunities for
women, men, disabled
and races in their hiring
practise (Court, 2019).
This business implies
increased worker productivity
in businesses as everyone
feels senses of belonging and
hence give their best input.
This will improve accounting
sector through increased
diverse skills.
Corporate
social
responsibility
:
“Doing things
right in
business and
promoting
positive social
and
environmental
change”
Many business are now
practicing direct
philanthropic giving
whereby they engage in
initiatives which include
donating time,
resources or money to
charities and
organization at local
level to support human
rights, clean water,
education programs and
national disaster relief
(Nightingale, 2019).
This has a positive implication
to the business as it appeals
and attract many customers
since they associate such
philanthropic activities to
moral businesses and hence
would want to buy from them
to also support the business in
return. This will improve
disclosure of CSR in
accounting financial
statements or annual reports
for stakeholders to assess the
company effectively.
Sustainabilit
y:
“Doing things
right now and
for future
generations”
Many businesses have
enacted environmental
sustainability initiatives
like limiting pollution
and reducing
greenhouse gases
(Jeremy & Kevin, 2019).
This has increased the
standing of these businesses
that have taken steps to lower
air, land, and water pollution
as good corporate citizens
whereas further benefiting the
society at large. This will

SECTION C AND MEDIA LOG 3
ensure the accountants full
disclose the impacts of
business activities on
environment and hence easy
assessment of the financial
reports and company at large
by stakeholders.
Globalisation
:
“Competing in
an
interconnected
world”
Globalization has led to
advancement in
automation making
many people to lose
their employment
(Gibson, 2019).
Businesses benefit from less
hiring but much automation in
terms cost saving while locals
lose through massive layoffs
as machine takes up their
jobs. Automation will make
accounting easier as less
junior staff are replaced by
machine which can easily do
record keeping and data entry
which might otherwise be
tedious.

SECTION C AND MEDIA LOG 4
Media Log
Date Event/ Issue (Brief
discussion)
Media Source (APA 6th)
17
Sep,
2019
2:41
pm
Essential fresh water will
greatly impact the manners
farmers are farming in NZ.
Thus, the minister has to
extend consultation window to
enable farmers digest proposal
and engage in meaningful
manner (Age, 2019)
Age, N. (17 Sep, 2019 2:41pm).
Farmers demand a fair go
over water consultation. NZ
Herald , 1-4.
https://www.nzherald.co.nz/f
arming/news/article.cfm?
c_id=195&objectid=122684
62
3
Sep,
2019
1:12
pm
Wellbeing programmes are
increasingly becoming
commonplace as hirers realize
benefits of workforce
productivity alongside retention
(Court, 2019). Thus, to be
successful, organizations will
require programs of diverse
wellbeing which meet needs of
diverse workforces.
Court, R. (3 Sep, 2019 1:12pm).
Wellbeing at work is a team
effort. NZ Herald, 1-4.
https://www.nzherald.co.nz/busine
ss/news/article.cfm?
c_id=3&objectid=12264434
17
Sep,
2019
3:00
pm
It is common for things to go
wrong over some period, and a
gradual reputational decades
and it is like a tooth decay
which is hard to know till you
bite (Galloway, 2019). It is,
Galloway, D. C. (17 Sep, 2019
3:00pm). Reputation expert:
Labour has a 'Jacindamania'
dilemma. NZ Herald, 1-4.
https://www.nzherald.co.nz/
business/news/article.cfm?

SECTION C AND MEDIA LOG 5
therefore, imperative for
sustainable business to ensure
there is no reputational decay
as it negatively hurts their
sales.
c_id=3&objectid=12268399
13
Sep,
2019
5:55
pm
Despite the unfair competition
practices levelled against the
founder of New Zealand’s
expanding 300M Sudima Hotel
chain, the families has no
grudge despite their factories
seizure and suffering racial
prejudice as such hardships
only meant new opportunities
created by globalization that
saw them succeed in NZ
(Gibson, 2019).
Gibson, A. (13 Sep, 2019 5:55pm).
From Hong Kong to NZ: How
hotel magnate Sudesh
Jhunjhnuwala made New
Zealand his home. NZ
Herald, 1-4.
https://www.nzherald.co.nz/
business/news/article.cfm?
c_id=3&objectid=12262791
11
Sep,
2019
10:0
9,
Greener alternatives to cement
add to pressure on firms like
LafargeHolcim and Votorantin
Cimentos as global economy is
pivoting towards dramatically
lower emissions for sustainable
practices. Because cement
makes about 7% of global
carbon dioxide emissions,
copious volume enters through
limestone kilns used to
generate materials (Jeremy &
Kevin, 2019).
Jeremy, H., & Kevin, O,. (10:09,
Sep 11 2019). Why builders
are swapping cement for
weed. Stuff, 1-4.
https://www.stuff.co.nz/life-
style/homed/latest/1157003
03/why-builders-are-
swapping-cement-for-weed-
in-a-bid-to-reduce-pollution
17
Sep,
2019
2:46
pm
There is a possibility of an
unethical business practices
leading to the large scrub fire
which tore across hulls above
central Dunedin as it only
occurred when remaining
families evacuated were
cleared to get back to their
homes (Matai & Sam, 2019).
The implication was to cause
havoc amongst the people.
Matai, N. & Sam, C,. (17 Sep, 2019
2:46pm). Fire in Dunedin
hills 'suspicious': FENZ. NZ
Herald, 1-4.
https://www.nzherald.co.nz/
nz/news/article.cfm?
c_id=1&objectid=12268466

SECTION C AND MEDIA LOG 6
Frida
y,
Sep
6,
2019
10:4
5am
The consciences of Kiwi plays a
huge role in how their money is
invested as they embrace
socially-responsible investing
which primarily drives over
33% of New Zealanders and
also ranks top three concerns
when investing for eighty-eight
percent of individuals. Investors
avoid placing their money into
firms whose business does not
fit with their ethics, yet still
attempting to maximize
financial gain. Kiwi considers
both financial return and
social/environmental goal
(Nightingale, 2019).
Nightingale, M. (15 Sep, 2019
10:45am). Kiwis' investing
habits revealed in Hatch
Investment Landscape
Survey. NZ Herald , 1-4.
https://www.nzherald.co.nz/
personal-finance/news/articl
e.cfm?
c_id=12&objectid=1226778
1
Frida
y,
Sep
6,
2019
A transparent mechanism to
pay remains essential
constituent of pay equity which
provides workers with pay info
thus making a pay equity claim
against their employers. NZ
needs pay transparency since
workers, especially Maori,
Pacific and Asian females
remain being paid less than
females in similar or same roles
(Diversity Works, 2019).
Diversity Works ((Friday, Sep 6,
2019).)Pay Transparency
Key To Closing Gender Pay
Gap. Diversity Works NZ, 1-
4.
https://diversityworksnz.org.
nz/news-resources/news/pay
-transparency-key-to-
closing-gender-pay-gap/
10:30
pm,
26
Augus
t
2019
The survey by Bank of
America’s survey showed that
forty-three percent of
respondents expected the
United States recession in the
year 2020 whereas Morgan
Stanley, economist predicted
global growth would average
2.70% in coming future. The
economist have indicated that
tit-for-tat tariff surges point to
no deal in short run an US-
China relationship
disintegration. Thus, there is a
Yeung, K. (10:30pm, 26 Aug, 2019).
China Economy: US-China trade
war escalation seen moving global
recession risk closer to tipping
point. South China Morning Post,
1-3.
https://www.scmp.com/economy/c
hina-economy/article/3024415/us-
china-trade-war-escalation-seen-
moving-global-recession

SECTION C AND MEDIA LOG 7
need for the two economies to
improve their relationship
never to hurt the people.
References
Jeremy, H., & Kevin, O,. (10:09, Sep 11 2019). Why builders are swapping cement
for weed. Stuff, 1-4.
Court, R. (3 Sep, 2019 1:12pm). Wellbeing at work is a team effort. NZ Herald, 1-4.
Diversity Works (Friday, Sep 6, 2019). Pay Transparency Key To Closing Gender Pay
Gap. Diversity Works NZ, 1-4.

SECTION C AND MEDIA LOG 8
Gibson, A. (13 Sep, 2019 5:55pm). From Hong Kong to NZ: How hotel magnate
Sudesh Jhunjhnuwala made New Zealand his home. NZ Herald, 1-4.
Nightingale, M. (15 Sep, 2019 10:45am). Kiwis' investing habits revealed in Hatch
Investment Landscape Survey. NZ Herald , 1-4.
Age, N. (17 Sep, 2019 2:41pm). Farmers demand a fair go over water consultation.
NZ Herald , 1-4.
Matai, N. & Sam, C,. (17 Sep, 2019 2:46pm). Fire in Dunedin hills 'suspicious': FENZ.
NZ Herald, 1-4.
Galloway, D. C. (17 Sep, 2019 3:00pm). Reputation expert: Labour has a
'Jacindamania' dilemma. NZ Herald, 1-4.
Yeung, K. (10:30pm, 26 Aug, 2019). China Economy: US-China trade war escalation
seen moving global recession risk closer to tipping point. South China
Morning Post, 1-3.
https://www.scmp.com/economy/china-economy/article/3024415/us-china-
trade-war-escalation-seen-moving-global-recession