The Current System at BAAF Essay Example | Topics and Well Written Essays - 1250 words

The Current System at BAAF - Essay Example In addition, the intranet may be configured to provide email access and web forum that will allow geographically distant office employees to coordinate on the product testing approaches and methodologies. This also entails the establishment of a prompt and organized communication interface for employees to locate and discuss issues with the relevant personnel online. In addition, the intranet may be configured to provide email access and web forum that will allow geographically distant office employees to coordinate on the product testing approaches and methodologies. This also entails the establishment of a prompt and organized communication interface for employees to locate and discuss issues with the relevant personnel online.4.4 Moreover, all the policies, manuals, checklists etc. that are required by employees to carry out their responsibilities, can be kept on the intranet; thus allowing easy access and complete information.4.5 This will enable BAAF to reduce their turn around time for product development; that will ultimately benefit customers and will also result in savings of high magnitude to the company, as it is estimated that for every week saved in R&D, the company gains up to  £ 1 million pounds per year. B) EXTRANET AND ITS LIMITATIONS5. Using Extranet to share information between Pharmaceutical companies5.1 It is estimated that if BAAF works in collaboration with different pharmaceutical companies in the market, they might be able to reduce the amount of work by sharing information with other companies; and eliminating the need to do everything themselves.  5.2 In order for that to happen, the company can establish an extranet. Wikipedia compares extranets with intranets by stating that an extranet is similar to an intranet with the difference that intranets are generally limited to the employees while extranets can be accessed by outsiders including customers, suppliers and other authorized parties. The detailed comparison can be seen at < http://en.wikipedia.org/wiki/Intranet>.5.3 However, using extranets to share information over the network has some disadvantages that may prove to be critical to the company’s interests.  

International Business Law and its Environment Essay

International Business Law and its Environment - Essay Example These bribery fuelled projects have gained Siemens more than $1.1 billion in revenue (Schaffer, Earle and Augusti). In the period between March 2001 and September 2007, about $1.4 billion in about 4,283 payments were shelled out to bribe government officials in exchange for lucrative business deals in different countries which also include high-ranking Iraqi officials who got kickbacks at the expense of the UN. Millions of dollars were also spent to pay up third parties that implicated embezzlement. It was found that there is an atmosphere of tolerance and even the company’s cultural acceptance of the practice in all levels of the corporation. There has been a systematic implementation of this scheme that engaged the members of the organization (ibid). There was a failure by the internal safeguards of Siemens to clean up their business adequately in time prior to the case filed by the SEC to their disadvantage. The main issue encompasses the acts of the company in violation of the Foreign Corrupt Practices Act of 1977 (FCPA) under the United States federal law which punishes bribery of foreign officials. This is in relation to the thrust of the Securities and Exchange Commission to regulate businesses under its jurisdiction. Specifically, the provisions of Sections 30A, 13(b)(2)(A), and 13(b)(2)(B) of the Exchange Act were violated (ibid). The court found in favour of the SEC and granted the highest settlement in this particular area where Siemens has offered $1.6 billion in payment for the fines and disgorgement provided under the law. Out of which, $350 million will go to the SEC in disgorgement, $450 million in criminal fine to the Department of Justice, about $569 million as fine to Germany’s Office of the Prosecutor General in Munich. This is apart from the approximately $285 million Siemens has already paid in 2007 to the Prosecutor previously mentioned (ibid). In the end, the SEC and the State together with the German government on this case through an amicable settlement by the plaintiff and defendant.