to contribute to the company. The ethical criterions that Alcoa uses are principles (integrity approach). They conduct SURVEYS among the community through focus groups to find new programs that will help the environment. Alcoa is committed to improve the quality of life within the communities their employees live and work. Their principles also are geared towards research and development of innovative products and environmental issues. Alcoa is highly committed to the preservation of natural resources
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Alcoa INC. History view: Alcoa Inc is Aluminum Company of America. It is the world ’s third largest producer of aluminum‚ behind Rio Tinto Alcan and Rusal. Alcoa conducts operations in 31 countries more than 200 locations. Alcoa is a world leader in the production and management of primary aluminum‚ fabricated aluminum‚ and alumina combined‚ through its active and growing participation in all major aspects of the industry: technology‚ mining‚ refining‚ smelting‚ fabricating‚ and recycling.
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stewardship is something are highly committed too also they believe it is the right thing to do and a key facto to exceptional value to shareholders. Top management commitment to their values played an important role in their transformation. The leader of Alcoa‚ Paul O’Neill‚ had begun reducing the amount of products sold and widened the range of business globally. Alcoa has also created a new office‚ Environmental Health and Safety (EHS)‚ at the corporate level to comply with each country’s environmental
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The two primary reporting alternatives Alcoa has in accounting for the repurchase of the shares include converting to treasury stock or formally retiring stock (Spiceland‚ Sepe‚ Nelson & Thomas‚ 2016). With either choice‚ the total shareholders’ equity would be equivalent: the cash and shareholders’ equity would decrease since cash is paid to repurchase the stock. By changing it to treasury stock‚ the cost is reported as a decrease in total shareholders’ equity. The purchase of the treasury stock
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In the 1920’s the American society began adopting new values that threatened the traditional values that originated in the 19th century. People began moving to large cities and women started to be less constraint to the image of being a proper woman. Instead‚ they became freer and tried to find their own identity. A new generation was born which challenged traditional standards with many of their new ideas. As more people began moving to urban locations‚ like New york and Chicago‚ they began making
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Schwartz’ s value Inventory Shalom Schwartz (1992‚ 1994) used his “Schwartz Value Inventory’ (SVI) with a wide survey of over 60‚000 people to identify common values that acted as “guiding principles for one’s life” He identified ten “value types” that gather multiple values into a single category. Power This takes value from social statues and prestige. The ability to control others is important and power will be actively sought through dominance of others and control over resources.
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Introduction 4 4.2. Review of Literature 4 4.3. Recruitment and Selection in Alcoa 5 4.4. Findings and Recommendations 6 5. Learning and Development 7 5.1. Introduction 7 5.2. Review of Literature 7 5.3. Learning and Development in Alcoa 8 5.4. Findings and Recommendations 9 6. Reward Management 9 6.1. Introduction 9 6.2. Review of Literature 10 6.3. Reward Management in Alcoa 10 6.4. Findings and Recommendations 11 7. Performance Management 11 7.1. Introduction
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Katelyn Anderson Corporate Social Responsibility Project – BA 342 FA14 Opening Alcoa is a global front-runner in lightweight metals technology‚ manufacturing and engineering. They are most popular for being a leading producer of primary and fabricated aluminum and are ranked 130 on the Fortune 1000. Alcoa revolutionizes multi-material resolutions that directly enhance global progression and expansion. Alcoa’s technologies improve means of automotive‚ commercial‚ air and space transportation. They
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have analyse the key findings for Alcoa ltd and summarize Alcoa’s products and services‚ including the success of this company and at the end we talk about recommendations and conclusions. Alcoa mission statement Our vision is to be the best company in the world – in the eyes of our customers‚ shareholders‚ communities and people. We expect and demand the best we have to offer by always keeping Alcoa’s values top mind. Summary of Alcoa LTD products and services Alcoa is a worldly renowned company dealing
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Alcoa Inc. For the quarter ended 30th September 2015‚ Alcoa Inc. reported revenue of $ 5.6 billion which was 11 % below that reported for the same period last year. The main reason behind this decline in revenue was the divestiture and closure of low margin business and the dent that aluminium price have continued to take in the most recently ended quarter. The net income was $ 44 million down from $ 149 million of third quarter 2014. Adjusted net income was $ 109 million translating into an EPS
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