Legal issues for managers - ILAC assignment Essay

Legal issues for managers - ILAC assignment - Essay Example This was even with the fact that Security One Pty Ltd was not well prepared to carry out the task. After his suggestion was accepted and SIL agreed to use Security One Pty Ltd for the consultation, he informed his wife, thus making it possible for his wife to have privileged information which allowed her to buy more shares in the Security One Pty Ltd and use this as a way to enrich herself. Yet, in all this, Paul never informed the other members about the possible conflict of interest. Paul also hired employees from an informal organization which led to the firm incurring huge losses after the employees form the informal organization stole property and hard cash from SIL. In hiring the employees, he did not carry out a due diligence and only did a simple web search fro the organization. This lack of delicate care led to him not being able to know that the organization was not a formal one and that it was run by criminals. Kim gave her sister in law privileged information about the proposal to create the new power plant. Using this information, the sister in law, Judy was able to buy purchased $50,000 worth of shares in the company. Karen, despite warning by the CEO, went ahead and made decision to invest more money even after the CEO had warned that an increase in the price of coal would reduce SIL’s market competitiveness and would lead to losses. Even after the CEO’s perditions of the price of coal going up came to be true, she still went on and continued to invest more money. This led to many losses. Conclusion Under the Corporations act 2001, an officer of a firm is supposed to act in the best inters of the firm. In cases where the officer has a conflicting interest in the firm, he or she should be able to look at this issue and be able to refrain from making company decisions. Paul was in a position where he had conflicting interests with the firm he was working for. He should have told

Market research Assignment Paper Example | Topics and Well Written Essays - 750 words

Market Assignment - Research Paper Example Energy drinks are products that became popular in the year 2000 and their popularity kept on increasing since then. These products are really suited for those individuals who have to work at night hours or have a hectic nature of work on their shoulder. The launch of a 12 hour energy drink would be considered a market leader product in a market where the current offering is only a 5 or a 6 hour version of the energy drink. As it is considered to be newer version of the product in the existing market, it would be really beneficial if a market research is conducted to analyze whether the product will succeed in the market or not. As the company in question lacks the budget to conduct a survey or the focus group research analysis, the only option left would be to use public information on the energy drink market that would help in identifying the target markets for such an energy drink. On the basis of the information and the current buying behaviors of individuals, it seems obvious tha t the target market for a 12 hour energy drink would be the age group of 16 to 30 years old. The recent trend of advertising for the energy drinks currently focus on the young generation of such age group. This age group is can further be divided into athletes, gamers, party lovers and workaholics. Now it would be really difficult to target all these different target groups with a uniform/similar product but since the product brings an extension to the time period i.e. 12 hour version, it may be possible that it can serve all the different target groups with a uniform product i.e. similar product, packaging, etc. By identifying the target market, a segment of the market would be identified. This market segmentation would help in reduced marketing costs for the company. For a successful market segmentation and target market, proper consumer data would be analyzed with respect to the energy drinks. Using the public information, both quantitative and qualitative would be analyzed. Quan titative data would include such as age group, the age group of 16 to 30 years old would be the perfect market as far as the age group is concerned for the 12 hour Power O energy drink. The income factor would not be much of a concern as far as the target market is concerned, the prices of such energy drinks are cheap and these can be easily bought by the target age groups. As far as the qualitative data is concerned, there would be no effect based upon the education of that particular target market. The occupation of the target market may come into question with regards to the occupation. People working at night hours are deemed to be fond of energy drinks, hence a 12 hour Power O energy drinks would really help them. The only question that would really matter would be the fact that such 12 hour energy drink would have ingredients that might have negative effects on the users. Such 12 hour energy drink would have heavy amount of caffeine that can be considered to have negative and harmful effects on the users of such energy drinks. Hence at the target age range of 16-30, it could be excessively harmful and it can create legal restrictions on the sale of such energy drinks (as is the case in Norway and Iceland where under 16 sales is prohibited) because of the increased amount of caffeine