Friday, December 27, 2019

Business Ethics Capitalism - 5279 Words

Part I: Capitalism 1.1 Introduction According to an online article entitled â€Å" Reflections on capitalism† : The word â€Å"capitalism† was popularised by Karl Marx in the middle of the 19th century .It is a social , political as well as an economic system that countries use to guide their development programs and economic policies. Almost all the worlds countries are currently running their economies on capitalist inspired doctrines ,this fact testifies to a great extent of the many advantages and viability of the system of capitalism . 1.2 Advantages of Capitalism 1.2.1 Cheaper and better products A capitalist economy operates in a â€Å"free market†, this is a requirement vital if capitalism is to thrive. A free market is characterized by†¦show more content†¦Therefore, firms gain monopoly over power in a free market allows and exploit customers by charging higher prices. They often pay lower wages to workers. 1.3.3 Immobility Besides, immobility is one of the main problems of capitalism is that a free market is supposed to be able to easily move factors of from an unprofitable sector to a new profitable industry. However, this is much more difficult practically. Because of the inequality of wealth in a truly capitalist society with no government welfare great poverty is bound to occur. Leading to homelessness, slums, and disease this will further lead to forced migration. Forced migration will also increase these problems in large cities and towns. The people who cannot make any money in the countryside will move to the towns and cities with the belief of finding work and making money. 1.3.4 Irrational Behavior Followed by, economics sympathetic how individuals, families, businesses, and governments make choices under conditions of scarcity. We believe people select products to maximize their happiness and that businesses try to maximize their profits. Theres no right or wrong choice here whatever gives you more pleasure is the better choice for you. Of course, a choice we think will make us happy or give us big profits might end up doing nothing of the sort. People tend to get caught up in hypotheticalShow MoreRelated Business Ethics vs. Capitalism Essay2407 Words   |  10 PagesThe concept of business ethics has tried to change the way businesses operate over the years. Business ethics is a form of ethics that governs the actions of businesses to circumvent the affects business has on every day society. But some question its effectiveness in the application of capitalism. Several case studies have shown that this is the case; many companies place the pursuit of money in front of the pur suit of virtue. Although, the majority of companies are not in the spotlight of actingRead MoreThe Issue Of Business Ethics Essay1359 Words   |  6 Pagessome â€Å"normal† oxymorons such as â€Å"jumbo shrimp, passive aggressive, awfully good, The Great Depression,† and of course, â€Å"business ethics.† In terms of â€Å"business ethics,† the common misconception still remains that the word, â€Å"business† and the word, â€Å"ethics† should never be adjacent. Primarily, I find this misconception offensive, but also blatantly incorrect. As a rising business employee, I look forward to continually proving this â€Å"oxymoron† incorrect by utilizing the skills I learn to further bothRead MoreThe Importance Of Ethical Business Is Not New1334 Words   |  6 PagesThe importance of ethical business is not new. Every long-term successful business has clearly understood the need for ethical business practices. There are lessons to be learned, both positive and negative, from businesses around the world. CEOs must work hard to find a balance between profits and public image by learning from history, understanding the evolution of business ethics, and understanding the social responsibility of businesses. CEOs in the business world today are in a precariousRead MoreEvaluation: Ethical Perspectives on Social Responsibility Essay1143 Words   |  5 Pagesresponsibility. †¢ What Cohen identifies as the social responsibility of a business to the workers, stakeholders, and society as a whole. †¢ How Cohen’s perspective of the social responsibility of business aligns with the perspective of Drucker. †¢ How Cohen’s opinion of the social responsibility of business compares with the opinion of Friedman. †¢ Finally, an identification of which of the expert opinions best aligns with the current business climate promoting a ‘green environment and why. Social Responsibility Read MoreWhat Interests Me : History And Hiring1616 Words   |  7 PagesHistory and Hiring Introduction: The study of Ethics is an important branch of study. It is as important as the study of the sciences, math and business. At its core the study of ethics provides a framework to make decisions on how we conduct our lives. Almost every action we take has ethical implications that affect our own lives and the lives around us. This is important to consider in the business world, since the decisions made by business organizations can affect the lives of millions ofRead MoreThe Evolution of the Corporation Essays830 Words   |  4 Pagespower of corporations are ever evolving it is critical to determine the effects and consequences this evolution brings upon the business world. The Stockholder Theory maintains that managers should act merely as agents to the stockholder and only serve their interests-the maximization of profits (45). Milton Friedmans argument being, they are the owners of the business, and hence they should be entitled to all profits (45). Although this simple pro fit-motive concept may achieve the desired resultRead MoreWork Ethics1379 Words   |  6 PagesTitle: A New Work Ethic Dr. Jason Carthen Business Ethic 309 January 29, 2011 A New Work Ethic Business ethic is the study of what constitute right and wrong. Or good and bad, human conduct in a business context. Moral standards are different because they concern behavior that is of serious consequence to human welfare that can profoundly injure or benefit people. The conventional norms against lying, stealing, stealing, and killing deal with action that can hurt people. Morality servesRead MoreEssay about Ethics in International Business1657 Words   |  7 Pages Ethics in International Business Abstract International business ethics challenges the corporate world to deal with questions of what to do in situations where ethical standards come into conflict as a result of the different cultural practices in the nation. Since, there is this dilemma that has progressively troubled the large multinational corporations, international business ethics has arisen to help address these adhesive subject matters. There are several international business ethicsRead MoreThe Integration Of Law And Ethics945 Words   |  4 PagesAs the subject title indicates, Substantive ethics is about the integration of law and ethics in corporate ethics programs. The author of this article gives numerous examples of why integration of law and ethics is needed. There are numerous areas of concern, such as dishonest corporate dealings, global human rights, tort lawsuits, and questionable executive salaries (Blodgett, 2012). There is a view that laws are rules meant to be followed and not necessarily understood f or its ethical value. ThisRead MoreBusiness Ethics and the Role of the Corporation Essay983 Words   |  4 PagesBusiness Ethics and the Role of the Corporation The problem to be investigated is the ethical role that the corporation has when balancing internal strategies with external responsibilities. Dr. Novak explains various responsibilities a business has in his article â€Å"Business Ethics and the Role of the Corporation†. This paper will first discuss why Dr. Novak has two sets of responsibilities in his article on business ethics. Next it will explain what Dr. Novak says about the rule of law and

Thursday, December 19, 2019

Motifs Of Nature Frost, A New England Poet - 2462 Words

Motifs of Nature: Frost, a New England Poet Robert Frost, famous for his poems about nature, was a New England poet and farmer. Frost was born in 1879, in the state of California. At the age of eleven, Frost’s father died and subsequently the family moved to New England. Although Frost was born in California, he identified with the working farmers of New England. Frost bought his first farm in Derry, New Hampshire. Owning his own farm gave Frost firsthand experience with agriculture and living with nature. From harvesting the crops to staying warm in the winter, Frost knew the hardships of being a farmer in New England. Frost often wrote about nature and work, the labor required to run a farm. He believed the two to coincide, as it takes physical labor and hard-work to live comfortably in nature. Nature may provide through plow and cultivation, but nature is still indifferent towards humanity. Contrary to the Puritan notion of the time, man is not in-charge of nature, an anti- romantic view. Frost believed neither was not a sentimental force, but remained tangible to produce for humans when worked. Despite his best efforts, Frost’s attempts at farming failed. Nature serves as an inspiration for many of Frost’s poems as many of his poems are set in nature. According to Nina Baym, general editor of The Norton Anthology of American Literature, Frost used complex â€Å"diction, colloquial rhythms, and the simplicity of his images to make his poems look natural and unplanned† (230).Show MoreRelated Robert Frosts The Oven Bird Essay1725 Words   |  7 Pages(Baym, Vol. D 1188), Robert Frost chooses a title that presents a single, natural image of a particular species of bird. The title not only identifies this mid-summer and...mid-wood bird as the singer everyone has heard in the first line, it also establishes the nature image as a main theme in the poem. The birds song presents images of solid tree trunks, flowers, and pear and cherry bloom, while imposing its individual voice on the landscape. This motif is a defining characteristicRead MoreThe Poetry Of Robert Frost3137 Words   |  13 Pagesexamine the poetry of Robert Fros t for references to themes of nature, religion, and humanity and how they relate to each other. This exercise will be prefaced with a brief introduction to the man and his life as a segue to better understanding Frost’s verse. The unexpected but unavoidable aim of this composition will be to realize that Frost’s body of work is almost too sophisticated to comprehend, his manipulation of language so elusive that each reader may believe Frost is speaking only to them,Read MoreHow Successfully Do Waltons Letters Introduce the Central Themes and Concerns of the Novel Frankenstein by Mary Shelley?1980 Words   |  8 Pagesgo on adventures for knowledge. Neither of them can see reason and they prefer glory and fame to wealth. They pursue science and exploration to benefit mankind, but also for personal glory. A question the readers often ask is whether they have good motifs, or whether their ambitions are driving them crazy. Waltons language reflections on his passion and warm-heartedness. He writes â€Å"I feel my heart glow with an enthusiasm which elevates me to heaven†. His use of metaphors makes him seem educatedRead MoreAmerican Literature11652 Words   |  47 Pagesinterpreted 2 ways, on the surface for common folk or in depth for philosophical readers sense of idealism focus on the individual s inner feelings emphasis on the imagination over reason and intuition over facts urbanization versus nostalgia for nature burden of the Puritan past Genre/Style: ï‚ · ï‚ · ï‚ · ï‚ · ï‚ · ï‚ · literary tale character sketch slave narratives, political novels poetry transcendentalism Effect: ï‚ · ï‚ · ï‚ · helps instill proper gender behavior for men and women fuels the abolitionistRead MorePoems with Theme with Life and Death and Their Analysis8446 Words   |  34 Pages Different opinions of different poets on life and death found in their poems are also presented and contrasted in this paper. This paper will be of use and help to the learners of English. Introduction: To many, Death creates uncertainty and fear. It seems we shall never meet again. But the poets remind us of the essential truths of life, death and immortality. In her poem Turn again to Life, the poet Mary Lee Hall, says â€Å"If death is a chapter in a book

Tuesday, December 10, 2019

Analyzing Risks Management of Risk Rating Scale

Question: Discuss about the Analyzing Risks Management of Risk Rating Scale. Answer: Part A Likelihood of risk according to risk rating scale (AE; extremely likely, likely, possible, unlikely to rare). Product malfunction causing injury to a consumer rare (E) Malfunction in the product is highly unlikely to happen but in exceptional circumstances it may occur Worker injured on-the-job from tripping on loose carpet square possible (C) Injury to worker while performing certain job might occur at some time due to carelessness while performing the task. Interest rate rise increases repayment costs on business borrowings possible (C) Increase in repayment cost due to increase in interest rate might occur. If due to market forces the interest rate is increased then, it will result in increase in cost at which the company repay its borrowings. One of your product component suppliers goes into receivership unlikely (D) The company knows well in advance about the credibility of its suppliers so receivership is not expected but due to unexpected crises it may occur. Staff fraud due to possible software loopholes/backdoors - unlikely (D) Frauds are not expected from the staff employees but due to some loopholes it may occur (Southern Cross University, 2015) b) Level of impact value (15; insignificant, minor, moderate, major to catastrophic) Product malfunction causing injury to a consumer -minor (2) It may cause minor injury which requires medical treatment. Also, it will be covered by local media coverage. Worker injured on-the-job from tripping on loose carpet square - minor (2) Minor injury will result in loss of some days of work. This will cause inconveniency and local media coverage. Interest rate rise increases the repayment costs on business borrowings moderate (3) Significant level of financial and corporate impact on the company One of your product component suppliers goes into receivership - moderate (3) It would cause significant impact on the corporate objectives of the company. Staff fraud due to possible software loopholes/backdoors - major (4) Due to staff fraud, major financial impact is caused and the business is interrupted as the critical system becomes unavailable for minimum one day. It will result in adverse and extended national media coverage. c) Overall risk priority for treatment (high, medium, low) Product malfunction causing injury to a consumer high Because customer is the essential part of the business and if the issue remains unsolved then, mouth publicity will affect the overall sales of the product. Worker injured on-the-job from tripping on loose carpet square high Proper treatment of worker must be the top priority as the injury would result in loss of some days of work and also loss of trust of workers. Interest rate rise increases repayment costs on business borrowings medium As interest rate is affected by market phenomenon, the company could do less towards solving this problem. One of your product component suppliers goes into receivership medium Supplier receivership matters cannot be solved immediately as it involves various parties. Staff fraud due to possible software loopholes/backdoors high Fraudulent activities must be taken into consideration on high priority basis as it involves financial loss to the company. Also, proper action must be taken to stop these activities to occur in future (Broadleaf, 2014). Part B Knowing now that GM suffered massive losses as a result of badly misjudging the mood of the US consumer and the impact of the global financial crisis, what basic rule of thumb for assessment of consequence should GM have applied in this case? Due to incorrect judgment of the mood and taste of the consumers in the United States, General Motors suffered a great loss. Even though there was demand of hybrid and fuel efficient vehicle, the company wrongly assessed the trends in the market and preferences of the customers. Financial crisis was also one of the important reasons of the shift in demand of consumers adding to the further lowering of demand(Sturgeon Biesebroeck, 2010). The basic rule of thumb that GM should have applied for assessing consequences is acquiring adequate and important information and data about the current needs of its customers. Risk management specialist must have knowledge about the current trends in the automobile sector and needs to know what actually a customer is demanding(Carmohn, 2010). Also, information about various releases in the market by the competitors must be collected and updated, so that customer reaction can be noted and further action can be taken according to the impact created by the other automobile release (Xu, 2005). With rising oil prices, falling confidence in the finance markets and raised environmental concerns among the general public, what likelihood and consequence would you assign to this situation, and what resultant overall risk priority would you generate? Due to rise in the prices of oil, the automobile industry is facing a competitive pressure in the market. Due to global financial crisis the confidence of people in the financial markets is falling(Rosenfeld, 2009). Also, now the customers demand for fuel efficient vehicles due to rising concern about environment. The government has also made various regulations related to environment safety and emission control (National Academies Press, 2016). The likelihood of occurring of this situation is unlikely. Because the event is not expected to occur but at the same time, there is a slight possibility of its occurrence sometimes. When we talk about the consequences, it has catastrophic impact on both financial and corporate objectives of the company. It demands for major steps on the part of management to deal with the situation. Business is interrupted to a great extent and international media coverage plays a major role in affecting the image of the company (Popov et al., 2016). High risk priority is generated for this situation as it calls for immediate actions and counter actions to be taken to save the company from the major impact of increase in oil prices and global financial crises. References Broadleaf, 2014. Setting priorities for risk treatment and assurance of controls. [Online] Available at: https://broadleaf.com.au/resource-material/setting-priorities-for-risk-treatment-and-assurance-of-controls/ [Accessed 13 September 2016]. Carmohn, S., 2010. An analysis and explanation of the failure of General Motors on the basis of the theoretical framework of path dependency in the field of Crisis Management. GRIN Verlag. National Academies Press, 2016. Impacts On The Automotive Industry. [Online] Available at: https://www.nap.edu/read/1806/chapter/7 [Accessed 13 september 2016]. Popov, G., Lyon, B.K. Hollcroft, B., 2016. Risk Assessment: A Practical Guide to Assessing Operational Risks. John Wiley Sons. Rosenfeld, H., 2009. The North American Auto Industry in Crisis. [Online] Available at: https://monthlyreview.org/2009/06/01/the-north-american-auto-industry-in-crisis/ [Accessed 13 september 2016]. Southern Cross University, 2015. Risk Likelihood and Consequence Descriptors. [Online] Available at: https://scu.edu.au/risk_management/index.php/4 [Accessed 13 September 2016]. Sturgeon, T. Biesebroeck, J.V., 2010. Effects of the crisis on the automotive industry in developing countries : a global value chain perspective. [Online] Available at: https://www.researchgate.net/publication/46443928_Effects_of_the_crisis_on_the_automotive_industry_in_developing_countries_a_global_value_chain_perspective [Accessed 13 September 2016]. Xu, J., 2005. Market Research Handbook: Measurement, Approach and Practice. New York: iUniverse.

Tuesday, December 3, 2019

The Ethical Issue in Human Growth Population s Essays -

The Ethical Issue in Human Growth Population s Amber Campbell Belhaven University MBA 680 Unit 6 Writing Assignment 1 Human population development is turning into an enormous issue in our reality today. The population is expanding quickly. The reason that it is turning into a worry is on account of it has influenced the economic, environmental, and social parts of our reality. In the film Frontline: Heat, we can perceive how there won't not be a future for our planet unless we can lessen the discharges and make our reality a sheltered spot. For the present as well as for future eras with the goal that they can live long and sound lives. "And God spoke to this effect that his offspring would be sojourners in a land belonging to others, who would enslave them and afflict them four hundred years" (Acts 7:6 ESV). An expansion of human populations can impact our economy. A portion of the components that is influenced are unemployment, neediness and the limitation of monetary development. At the point when the populace expands, the expense of well-being, education, and different territories of urban development are influenced. Unemployment results from the grounds that there is a little offer adding to the economy while bigger offers uses it to support itself. The incomes are insufficient to accommodate the population development. This influences families to spare less in light of the fact that they are spending the greater part of their pay on fundamental needs and can't stand to instruct their children, which delivers neediness in the cutting edge. This outcomes in low capability and low risk of business for kids when they achieve the working age. Because of this, commercial enterprises and administrations can't create. With the expansion of populations, the volume of work and unemplo yment increase. The quantity of unemployed relies on upon the span of the dynamic populations called the Labor Force. In the event that the development rate of the populace is higher than the openings for work accessible to the work power, unemployment will happen. At the point when there is an expansion of populations, society is exclusively centered on giving the essential needs. This outcome of the absence of getting instruction and on account of this they can't offer the economy some assistance with expanding. Additionally, there are a larger number of customers with the expansion of populations than producers, bringing on the limitation of economic development. Is our economy affecting the population, as well as so is the earth? "Population is the most obvious danger to our surroundings". Our populations are rising past the world's capacity to keep up a sensible personal satisfaction. This augmented populations has additionally expanded the area utilizes, asset uses and contamination issues. A bring up in areas use has brought about living space misfortunes for different species to live. Without this area environment, the species that are living there quickly beyond words. Because of the diminishing in the creature population, this influences its utilization by people. Another issue is likewise the expansion of assets utilized. This outcome of changes in areas cover which can influence biological communities, biodiversity, horticulture and efficiency. The accuracy of information data is essential inside of method of a business. Printed polls are extraordinary for thoughts of change and the nature of performance received from the organization. Many business uses printed surveys for complaints and proposals from the clients. This is a brilliant method of better accomplishing better service and reliable clients. It is additionally utilized by sensors to decide what numbers of individuals is living in your in one's city. Phone reviews are utilized by health facilities on the significance of the patients stay at the clinic as of their protection, obligingness, and so forth.