Should Corporations Be Socially Responsible or Just Solely...

Issue: Should corporations be socially responsible or just solely profit driven? Bibliography Ayn Rand. â€Å"the anti-industrial revolution† from the new left: The Anti0Industrial Revolution, Penguin Group New Zealand, Limited, 1996, 127-151 Joel bakan. â€Å"The Corporate rise to dominance† from The Corporation: The Pathological Pursuit of Profit and Power, Simon amp; Schuster, 2005, 5-27 John Steinbeck. â€Å" The Grapes of Wrath: Chapter 5 â€Å"from The Grapes of Wrath, Josef Weinberger Plays, 2008, 32-41 Milton Friedman. â€Å"The Social Responsibility of business is to increase its profits† from business ethics: A Philosophical reader, Thomas I.White, ed(s)., Maxwell Macmillan Canada, 1993, 162-167 Edward Broughton,(2005, may 10)†¦show more content†¦(William Fray). This made the corporation a separate legal person acting in its own rights under the law, this aided in the birth of a â€Å"companion† of the corporation known as its invincible friend. This invincible friend is sometimes or even more often who corporations easily push the blame on when they run into trouble. When in actual sense it is the board of directors or executives that make the wrong decisions and most times end up getting away with it as they claim they were only acting in the best interest of the shareholders which is the reason they were hired in the first place. In the Anti-Industrial Revolution, Rand imagines a fictional world in which he observes a young man in 1975, married with children and owes a modest home in the suburbs of a large city having to get up by 4.00a.m if he is to be at the office by 9.00a.m due to the condition he finds himself in which includes; that electric percolators are no longer produced, no electric cookers or toaster, private automobil es being outlawed and replaced by mass transportation, bus delays and several other factors. He also had to bring his own lunch to the office since there are now far fewer restaurants around. He’s grandmother died due to non-existence of a â€Å"pace-maker†, he has to obey the rule of having one bulb per room, his wife hasShow MoreRelatedEssay about Welch Case Study1466 Words   |  6 Pagesï » ¿Welsh Case This particular case discusses whether General Electric fulfilled its Corporate Social Responsibility under the leadership of Jack Welsh or if it just met basic obligations. It also displays the evolving idea of social responsibility in a corporation by contrasting the corporation’s actions during Welsh’s leadership and after Welsh retired. It is shown that Welsh had a classical economic view of social responsibility. General Electric followed a traditional business model whileRead MoreEnvironmental Impacts Of Environmental Disasters1635 Words   |  7 PagesIntroduction Environmental damage that is caused by just one individual is exclusively minor which causes it to be unnoticed, whereas a major group of people, such as a large corporation harming the environment at once causes major harm to society. More than a century of industrial development has caused negative environmental impacts such as global warming, ozone depletion, and air and water pollution. These are recognized as global environmental problems that need immediate solutions. Climate changeRead MoreMy Favorite Shirt, A Black Crop Top With Daisies1559 Words   |  7 Pagesare focused on retaining â€Å"ethical standards† and that they â€Å"only work with vendors and suppliers who share [their] commitment.† They even post a list of their factories, organized by country, city, and factory name. 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According to Smith, (2003), â€Å"CSR refers to the obligations of the firm to society or, more specifically, the firm’s stakeholders—those affected by corporate policies and practices.† All major five star establishments today are owned and run by giant corporations and most of them haveRead MoreCase Study Analysis of Royal Ahold Scandal7067 Words   |  29 PagesFinal exam assignment Introduction Over the last few decades there have been a number of cases of high profile corporate collapses and fraud scandals. In essence, the unethical behaviour of corporations affects us all, such as shareholders’ lost financial investments, employees who lost their jobs, other companies that provided goods and services to the company, as well as the economic impact on domestic and international communities. 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But the Enron debacle has, as the Houston Chronicle put it, all the earmarks of classic tragic drama in which hubris causes the fall of the mighty, (Ivanovich, 2002) and, Mr. Skillings sworn testimonyRead MoreGlobal Big Business Is the Most Powerful Force for Improving Labor Standards in Developing Countries. Discuss.4605 Words   |  19 PagesGlobal big business is the most powerful force for improving labor standards in developing countries. Discuss. In their insatiable hunt for increased profits, large corporations have developed an increasingly global presence. This presence exists to facilitate both the import and export of goods and reflects the fact that for many companies, potential customers are no longer restricted to the domestic market. Advancements in communications and logistics have rendered geographical distance betweenRead MoreEssay about Strategic Analysis of Ford Motors Company3516 Words   |  15 Pagescompany has not been performing well in recent times. In actual fact, the companys financial conditions began to decline since 2005 which was even before the recession. The negative earnings per share (EPS), profit margin, return on assets raises an alarm. The low profitability is also responsible for the low fixed and total assets turnover ratios. Return on equity however shows a slight improvement which can also be a result of the recent re-engineering process by the company. Liquidity Ratios The

Strategy Formulation A Concept For Achieving Success By...

The world we live in today is dynamic in nature. Strategists are quite aware of this fact and hence, strategy formulation is a day to day duty to adjust into the changing world. A strategy is a concept for relating means to ends which is difficult and requires a proper calculation to achieve efficacy. The nature of the strategy is constant throughout history, but its character continually evolves with changes of factors such as economy, technology, society, and political ideas. Other factors such as past historical experiences and geographical location may not change. The formulation of strategy involves the creative act of choosing a means, an end, a way to relate the two, or a combination of all the three. Hence, competitive strategy formulation is critical in setting up a framework for achieving success by decision makers. Additionally, a thorough evaluation of both tangible and non-tangible factors in planning is necessary. There is need to evaluate expected end results or settin g objectives, how to commit available resources, and the subsequent monitoring. This essay highlights how strategists should weigh considerations of both tangible and non-tangible factors in the formulation and execution of strategy. It will also analyze history (non-tangible) and technology (tangible) factors, to showcase how the two applied in decision making during the Kosovo crisis. There are several considerations in the formulation of strategy and they vary in different nations. Similarly,Show MoreRelatedThe Concept of Strategy and Strategic Management1718 Words   |  7 PagesTHE CONCEPT OF STRATEGY AND STRATEGIC MANAGEMENT G. Tyge Payne, PhD 1 Strategic Management Strategy: The unifying theme that gives coherence and direction to the decisions of an organization Strategic Management: Consisting of the analysis, decisions, and actions an organization undertakes in order to create and sustain competitive advantages. Or, the Strategic Management Process is: The full set of commitments, decisions, and actions required for a firm to create value and earn aboveaverageRead MoreWorldcoms Management Planning Function1355 Words   |  6 PagesIn every aspect of life, todays decisions impact the state of the future, this is determined by planning. In management planning involves setting objectives and determining a course of action for accomplishing these goals. This requires managers to be good decision-makers as well as aware of environmental conditions facing their organization in order to predict future conditions. Established in 1988, WorldCom Public Relations Group was formed to allow the most independent public relations firmsRead MoreGlobal Stra tegic Management Essay1668 Words   |  7 Pagesand international business will result in strategies for global cooperation. Background Strategic management is a relatively young subject. 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Why a Strategic Plan is needed In any successful business, a strategic plan is important to for the company to follow. A strategic plan allows short term and long term goals to be reached. RiordanRead MoreChapter One- Strategic Management Strategic Management Comprises of Two Words Strategy and Management. Simply Put, Strategy Is a Companys Game Plan. Strategy Can Be Defined as Large-Scale, Future-Oriented Plans for5766 Words   |  24 Pagescomprises of two words strategy and Management. Simply put, Strategy is a company’s game plan. Strategy can be defined as large-scale, future-oriented plans for inter-acting with the competitive environment to achieve company objectives while management is defined as the act of getting activities completed efficiently and effectively with and through other peoples. 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Implementation involves the day-to-day operations, processes, activities, decisions and practices which will ensure that the organization’s socially responsible commitments and policies are carried out and met The main obstacles to implementing socially responsible policies are ,lack of clarity in policy statements, lack of a supportingRead MoreStrategic Management, Its Phases and Useful Concepts for the Formulation and Implementation of Value-Oriented Corporate Level Strategy6710 Words   |  27 PagesStrategic Management, its Phases and useful Concepts for the Formulation and Implementation of value-oriented Corpo rate Level Strategy Final Paper Strategic Management Department of Business Administration of SHANDONG UNIVERSITY [pic] written by: Priscila de Oliveira Vieira 2012.01.09 Table of Contents 1 Introduction 3 2 Origins of Strategic Management 4 3 Phases and Concepts 6 3.1 Goal-setting 6 3.2 Strategic EnvironmentRead Moretest bank Essay5473 Words   |  22 PagesChapter 01 The Concept of Strategy True False Questions Question title Question stem Choice Difficulty 1 Easy 2 Medium 3 Hard Reference link Topic TF01.01 Strategy is a detailed plan and a program of instructions that every member of the organization must carefully follow to ensure success F 1 Introduction and objectives Strategy definition TF01.02 Strategy is a unifying theme and a general guideline T 1 Introduction and objectives Strategy definition TF01

Fine Wine and I free essay sample

My grandfather, a retired French engineer and fine wine-lover, once told me the secret behind a spectacular wine’s taste was its unique terroir, or the combination of the soil, gradient, and weather. Like wine, we are all influenced by our environment. I, for example, am a product of Madawaska, Maine. The Acadian heritage, the personality of the people, and the welcoming feel of the community as a whole have all contributed to my identity. Unlike wine, however, people are influenced by multiple places. I moved to Wisconsin late this summer, and now the culture and feel of this new place is beginning to make a similar connection for me. Before now, my time in Wisconsin was marked solely by fleeting summer vacations, and I didn’t really know the area. Yet, this area has become the anchor for my uprooted culture through the memories I had as a child, the stories my mother told me, and the memories I’m making now. We will write a custom essay sample on Fine Wine and I or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page At the old Victorian house on Main Street in Madawaska, I remember racing my remote control car with my brother, learning how to ride a bike, and walking to the recreation building. In South Milwaukee, when I see other children participating in similar activities that I did, I can’t help but think ‘Would I be any different if I was raised here in South Milwaukee instead? ‘ Every wine-lover will say that terroir leaves a small trace in the final product. Similarly in life, the places that influence us the most don’t necessarily need to where we have spent most of our time.

Evolution Vs Creationism Evolution and the Failure of Creationism

Question: Discuss about the Evolution Vs Creationism for Evolution and the Failure of Creationism? Answer: Introduction The words evolution and creationism have been discussed as a basic topic in biological science as whatever we read and discuss are all derived from evolution only which took place many long years back. However these teachings in the public schools have been a part of controversy many times in relation to religionist beliefs of many students, still evolution is subjected to be a important part in the syllabus of students. Definition of evolution Evolution is a term which describes the process of development from one stage to a newer stage accompanied with few changes which makes it different from its previous stage. It later developed into a theory known as the evolutionary theory proposed by Charles Robert Darwin. Evolution involves change in both internal and external conditions which are di verse in nature. (Bird, 1978) Definition of creationism Creationism is a belief that all things/matter has not evolved gradually all of a sudden but has substantially been created by one omnipotent power known as god which is the only universal power to bring every soul into existence. Definition of creation science Creation science means the development or creation of the universe, energy or life from the evidences and inferences that are scientific in nature .it includes all the scientific facts and proofs that lead to creation of anything which is acceptable for earth and living kinds of all species.(Eldredge, 2000) Scientific concepts in teaching evolution The discussion of evolution in biological classrooms is essential as it helps contributing the present world view of liberal intellectuals in every field. Some students and their parents believe in evolution and some in creation but the basic fact is that life comes life itself and from nowhere else. The theory of evolution is said to be very generous by readers and not yet proved to be scientific. Both evolution and creation are not accessible to scientific methods as they deal with only origin and history but in the present context students learn facts on the basis of observation. There are different models of creation and evolutionand they differ in the nature of development process. In creation model it is said that life and its other complex types evolved as a result of scientific evidences whereas model of evolution states that it evolved because of its emergence with non living matter and simpler kinds. There are view evidences for and against these beliefs about creation and evolution model. About evolution it is said that no one has ever seen it happen. If it is actually happening then it should still be occurring and there must be many transitional forms which we could observe. But what we see now is various kinds of species are becoming distinct and no new species has been produced. There is no availability of evidences in the fossil record about the evolution of life from another life or non-life kind. Conclusion From the above stated discussion it can be concluded that either both evolution and creation or none of these must be included as a teaching topic in biological science because they both are inter-related in some aspect. Various theories have been proposed for and against these models to proof their existence but none focuses on the principle of observation. References Bird W., (1978). Article inActs and Facts, published by the Institute for Creation Research, Eldredge N., (2000). "The Triumph of Evolution and the Failure of Creationism," Freeman W., Pages 92to 94. Icr.org,. (2016).Evolution, Creation, and the Public Schools | the Institute for Creation Research.https://www.icr.org/article/evolution-creation-public-schools Schmidt O.,(2010).InThe Great Soviet Encyclopedia.The Gale Group.www.VantagePoint-BD.com, V. (2016).Creation versus Evolution.Clarifyingchristianity.com.https://www.clarifyingchristianity.com/creation

Necklace Characters Essays - The Necklace, Pride, Belief

Necklace Characters Mathlide Loisel is a character who has much pride in her. It is her motivation to act throughout the story, and it is the key to her downfall. Mathlide downfall comes into place when she does not tell Mrs. Forrestier that she lost her necklace. Mathlide does not gush out confessions and prostrating herself while pleading for forgiveness, she takes the responsibility for her mistakes by replacing Mrs. Forrestier's necklace. De Maupassant shows her qualities in the introduction, the incident, and the poverty she endures. At the beginning of the story Mathlide pride is so strong that she does not want to face reality. Reality meaning the husband she has and the small household she resumes in. So in order to reject reality she turns to her dreams in which she has the life of ease and riches. Pride comes to place when she is complaining to her husband about the way hey live and how she deserves more than this. When they discover that they have been invited to a big party, she feels she must live up to her pride. Knowing without a doubt that they have no money, she wants to have a beautiful dress and along with the dress she gets a radiant necklace from Mrs. Forrestier. The incident in which Mathlide loses the necklace plays an active role in Mathlide's pride. Mathlide refuses to endure embarrassment by telling Mrs. Forrestier that she lost her necklace, so she goes and replaces the necklace. Her pride will not let her stoop so low into apologizing, pleading for forgiveness for nothing, instead her pride tells her that she is capable of replacing the necklace, and so she does. Her pride dreadfully leads her into destitution lifestyle, something she is not most proud of. The reality of her life becomes more realistic than ever. She is plunged into poverty, and drudgery that will take away her prized youth and beauty, never to return, but yet she still has her pride. At the end after all the debts are all paid, she sees Mrs. Forrestier, who by the way does not recognize her, tells her about the incident and what she had to do to pay the money, and discovers that the necklace was nothing more than a fake. Mathlide is a character who has a pride so strong that she doesn't notice until her pride hits her with retribution, by leading her to poverty. She sees her responsibility for losing the necklace, and she had enough sense of self-sacrifice to pay for restoring it. She sacrifices "with pride" not only her position, but also her youth and beauty. Pride plays a crucial role in Mathlide life, role that stands strong and proud, but yet its so crucial that it drives Mathlides fate.

Widow Spiders, Genus Latrodectus

Widow Spiders, Genus Latrodectus The famous black widow is just one of the venomous widow spiders living throughout the world. Bites from female widow spiders are medically significant, and may require treatment with an antivenin. Widow spiders do not attack humans unprovoked, but will bite when touched or threatened. What Do Widow Spiders Look Like? Most people will recognize widow spiders by the hourglass markings on the underside of their abdomens. The hourglass mark is not present in all Latrodectus species, however. Females take longer to reach maturity and molt more times than males, resulting in darker, shinier coloration. Males, by contrast, remain lighter and duller. Female widow spiders are larger than their male counterparts; the body of a mature female measures about one half inch in length. Female Latrodectus spiders have a spherical abdomen and long, thin legs. Widow spiders belong to the cobweb spider family. They spin irregular, sticky webs to catch insects. Like other cobweb spiders, widows possess a row of bristles on their hind legs. This comb-foot helps the widow spiders wrap her insect victims in silk. How Are Widow Spiders Classified? Kingdom - AnimaliaPhylum - ArthropodaClass - ArachnidaOrder - AraneaeFamily - TheridiidaeGenus - Latrodectus What Do Widow Spiders Eat? Widow spiders feed on insects, which they capture in their webs. When an insect touches the web, the widow spider senses the vibration and immediately rushes to capture the prey. The Widow Spider Life Cycle The widow spider life cycle begins with eggs. A female widow spider lays several hundred eggs, wraps them in a silken egg case, and suspends it from her web. She keeps watch over the eggs, and will defend them vigorously during the month of their development. During her lifetime, the female may produce up to 15 egg sacs, with as many as 900 eggs in each one. The newly hatched spiderlings are cannibals, and will quickly devour one another until only a dozen or so offspring remain. To disperse, the young spiders parachute down from the web on silken threads. They continue to molt and grow for two or three months, depending on their sex. Most females live about nine months, but the male lifespan is considerably shorter. Widow spiders, especially black widows, have earned a reputation for sexual cannibalism – the female eats the male after mating. While this does occasionally occur, it is more myth than fact. Not all males get eaten by their partners. Special Behaviors and Defenses of Widow Spiders Widow spiders do not have good eyesight. Instead, they rely on their sensitivity to vibrations to detect prey or potential threats. For this reason, its never a good idea to touch the web of a widow spider. A careless poke with a finger is likely to attract a speedy bite from the resident widow. Mature female Latrodectus spiders inject a neurotoxic venom when they bite. In prey, the venom takes affect fairly quickly; the spider holds the insect firmly until it stops moving. Once the prey is immobilized, the widow injects it with digestive enzymes that begin to liquefy the meal. Though widow spiders are not aggressive, they will bite defensively if touched. In humans, the venom causes latrodectism, a medical syndrome that requires treatment. Within a few minutes, a bite victim will feel localized pain at the site. Symptoms of a widow spider bite include sweating, rigid abdominal muscles, hypertension, and swelling of the lymph nodes. Where Do Widow Spiders Live? Widow spiders stay outdoors, for the most part. They live in crevices or recesses within rock piles, logs, embankments, or outbuildings like sheds or barns. Widow spiders live on all continents except Antarctica. Five species of Latrodectus spiders occur in the U.S.: southern black widow (L. mactans), western black widow (L. Hesperus), northern black widow (L. variolus), red widow (L. bishopi), and brown widow (L. geometricus). Worldwide, about 31 species belong to this genus. Other Names for Widow Spiders In some parts of the world, widow spiders are referred to as button spiders. Sources: Latrodectus, Tree of Life WebGenus Latrodectus, Bugguide.netBlack Widow Spider, Ohio State University Factsheet

Human Resources-Employee Selection Process Term Paper

Human Resources-Employee Selection Process - Term Paper Example The functions of HR department include management of all activities regarding employee management of the organization. The process of employee management starts from employee selection and ends when an employee leaves the company. Henderson (2008) asserts that human resource management is concerned with the management of employee population in an organization. These activities include employee recruitment, employee selection, employee training, dealing with workplace issues regarding employees, performance appraisal systems, analysis of employees’ performance and productivity, and employee development. Groenewald (2009) asserts, â€Å"Staffing, training, compensation and performance management are basically important tools in the human resources practices†. Employee Selection Process There is a difference between recruitment and selection processes. Recruitment is a process in which a company identifies vacant jobs and publishes them in the newspapers and in internal va cancy lists in order to hire suitable employees for those positions. In job advertisements, a company also specifies the required set of skills and qualifications in order to let the candidates know about the skills required for a job. Claude (2010) states, â€Å"Employee recruitment forms a major part of an organization's overall resourcing strategies†. In the process of employee selection, a company conducts job interviews and various tests in order to select the most appropriate candidates for the vacant positions. â€Å"The key to effective selection is the ability to match the right person for the right job at the right time† (Hauenstein, 2011). Employees are the most valuable assets of a company because they make the company reach heights of success. â€Å"Employee Selection is a key strategy that can save organizations tremendous resources, time, and energy† (Young, n.d.). Proper employee selection acts as the foundation for employee retention whereas neg ligence shown in employee selection process puts adverse effects on the company. It is a fact that hiring a low profile employee is just like adding an expense to the company because such an employee is not able to deliver high quality services because of lack of knowledge and required skills and abilities. Therefore, it is very important for the HR department to hire such employee for the company who should be fully competent for the job and should possess the qualities of enthusiasm, commitment, dedication, motivation, and innovative mindset. Key Activities of Employee Selection Process Employee selection is the most important part of the HR department’s responsibilities. The activities related to this process include application assessment, call for tests, written tests, employment interviews, and issuance of appointment letters. Let us discuss all of these steps in detail in order to know their importance in the employee selection process. Application Assessment This is t he very first stage of the employee selection process. During the process of application assessment, no face-to-face interaction takes place between the candidates and the company. Candidates send their applications along with resumes to the company and the company analyzes all applications to shortlist the most appealing ones. At this