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. This list is 78 pages long, and in just China alone, Target lists 1337 factories which translates to around 45% of the total number of factories. Although Target provides their Vendor Code of Conduct, which lays out ethical and moral standards which they expect their vendors to adhere byRead MoreReport on Corporate Social Responsibility (Csr): Five-Star Hotels2574 Words   |  11 Pagescan make or break a corporation. CSR is usually a pledge taken by an establishment or corporation to set in place socio-ethically responsible policies in areas of work ethics, human welfare, environment and human rights. 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. In this paper I will focus on the case study of Royal AholdRead MoreThe Primary Goal of a Firm Has Been Held Out to Be Shareholder Wealth Maximization Which Translates to Maximizing Stock Prices. in Light of This Statement, Do You Think Firms Have Any Responsibility to Society?2898 Words   |  12 PagesEmmanuel olusegun BSU/MS/MBA/08/3104 FACULTY OF MANAGEMENT SCIENCE MASTER OF BUSINESS ADMINISTRATION (MBA) BENUE STATE UNIVERSITY MAKURDI. AUGUST,2010 1.0 Introduction: The fundamental economic role of business is to make profit and to maximize shareholders wealth. Therefore, this primary objective is carried out in the society. Firms Operations are not performed in a vacuum but in an environment. Business Organizations are open system that must interact and respond to theRead MoreMetalfrio Case Analysis7723 Words   |  31 PagesBrazilian multinational corporation, Metalfrio Solutions S.A., is one of the world’s largest manufacturers of plug-in commercial refrigeration equipment. They seek differentiation through innovation and customer relationships, through their brands of Metalfrio, Derby, Caravell and Klimasan, to meet the different needs of their customers (â€Å"Metalfrio†). In addition, Metalfrio goes beyond just their point of sales, as they include services along with their products, adding value and uniqueness to theRead MoreThe Failed Corporate Culture of Enron4805 Words   |  20 Pages2002) In February, 2002, Enrons fo rmer Chief Executive Officer Jeffery Skilling had testified before members of the Senate Commerce, Science and Transportation Committee that Enron was a financially sound company the day he resigned in August 2001, just months before the companys financial implosion. 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. Strategic Management can therefore be defined as the set of decisions and actions that result in the formulation and implementation ofRead MoreExam 06044100 Essay1435 Words   |  6 Pagesdo this, the board and top executives must understand the firm’s effects as an organization, and everyone else must have a clear grasp of the direction where it is going. 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