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Title Theories for Profit Maximization for Corporate Directors - ... Possible limitation with this theory is the simply that you cannot and will not be able to content every shareholder. This decision does not necessarily take into consideration of other principles in profit maximizing in regards to immediate returns or lifetime investments. A stakeholder is any individual who may be affected by the activities or affairs of the corporation “Stakeholder theory argues that there are other parties involved, including employees, customers, suppliers, financiers, communities, governmental bodies, political groups, trade associations, and trade unions.... [tags: shareholders, stakeholders, limitations] Constrained Maximization in Managerial Economics - Constrained Maximization in Managerial Economics SOLUTION: Maximization is an economics theory, that refers to individuals or societies gaining the maximum amount out of the resources they have available to them.[KOTACK,2005] Constrained Maximisation is a term in economics used to refer to and is concerned with the restrictions imposed on the availabilty of resources and other requirements.( ) it tries to explain using prescribed forumlae such as the langarian method how firms can solve issues to do with constrained maximisation.... [tags: Business Economy Finance]
Alternative Theories To Profit Maximization - Alternative theories to profit maximization ranging from perfect competition to strict monopolies. Companies and The Market Most companies are profit oriented. Companies survive and live on profit. Even governmental institutions, NGO's and NPO's are profit oriented, what they do with profit is different though. Saying this means that companies seek always to be at a position where profit is maximized. As we know by now this happens when MC=MR but this is an always changing point as supply and demand are dynamic, effectively meaning that if firms get it right once they can't just do the same eternally, they still need to adapt to every market factor as a new change is a new reality all toget... [tags: Economics]
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Shareholder Wealth Maximization Concepts Worksheet - Wealth Maximization Concepts Worksheet Maximizing Shareholder Wealth- MBA/540r4 Bernard Lester is CEO and founder of Lester Electronics the public Lester Electronics, Inc. which earns $500 million annually. In 1984, Bernard took his company public, and it is now traded on the NASDAQ market and rated Baa by a nationally recognized rating agency. A corporation is owned by shareholders who share the privilege of limited liability and whose liability exposure is usually no greater than their initial investment.... [tags: Business Finance]
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Public Education Derides Excellence and Promotes Mediocrity - Karl Marx wrote, “No matter how high [a little house] may grow in the course of civilization, if the neighboring palace rises in equal or even greater measure, the occupant of the relatively little house will always find himself dissatisfied (Marx 33).” This makes for an excellent analogy for public education. In the world of education people have different levels of scholastic aptitude and intellectual capacity. People in the little house category - those who are less educationally adept and their supporters, are often dissatisfied when their peers, who belong to the large house group, grow at an equal or faster rate than they do, because is because they will always be relatively less educa... [tags: Education Reform Essays] :: 6 Works Cited
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Lex Service Group, Inglesby Shipyard: Recommendation Report - Webster Hire - one the six business divisions of Lex Service Group, Ltd - is a fork truck hire business division led by Sarah Markham. Under the current manager’s leadership, spirit of employee-management cooperation is being emphasized, as well as the dedication towards the general welfare of the employees and commitment to treating employees as individuals. With these directions in general, the division has achieved outstanding business performance in the recent years, even in the period of extremely high unemployment rate, through extensive employee trainings and cost cutting efforts.... [tags: Inglesby Shipyard Case Study] :: 5 Works Cited
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Sustainable Initiatives for Business Success and Development - Introduction In the contemporary competitive business environment, businesses are faced with a myriad of challenges. If not dealt with, this challenges can impact on their performance. In light of this there is a new paradigm shift which focuses more on sustainable development. As resources dwindle and competition increases, there is need to remain relevant and competitive whilst promoting sustainable social, environmental and technological best practices approaches. Business sustainability can be defined as management of the triple bottom line.... [tags: contemporary competitive business environment] :: 1 Works Cited
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Agency Theory or Principal Agent Theory - Agency Theory or Principal Agent Theory is the relationship that involved the contractual link between the shareholders (the principals) that provide capital to the company and the management (agent) who runs the company. The principals will engage the agent to carry out some services on their behalf and would normally delegate some decision-making authority to the agents. However, as the number of shareholders and the complexity of operations grew, the agent, who had the expertise and essential knowledge to operate the business and company tend to increasingly gained effective control and put them in a position where they were prone to pursue their own interests instead of shareholder’s int... [tags: managers, efforts, shareholders]
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Economics 101 - a. Explain why the introduction of a minimum price above the equilibrium price reduces social welfare. “A minimum price occurs when a price is set by the government and firms cannot charge less than this” (Gillespie, 2011) in order for the minimum price to be effective it must be above the equilibrium price - this occurs when supply and demand are balanced whilst disregarding all external factors. (Figure 1) (Gillespie, 2011) The formation of equilibrium comes when the goods demanded are equivalent to the goods provided (DS); this allows the government to set a price floor (P1); this benefits society as in order for the market to be efficient minimum price must be above the; as when the... [tags: Economy, Price] :: 4 Works Cited
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The Environmental Performance of Chevron in Terms of Fulfilling Social Needs Within Society and Stakeholders - With annual revenue of US $19.02 billion, Chevron Corporation is the 16th largest integrated oil and gas energy company in the world. Globally they account for a workforce of approximately 62,000 (Forbes 2011). In 2010, the company produced 2.763 million barrels of oil per day (Chevron 2012). Corporations as large as Chevron owe a great amount of responsibility towards the society and environment above and beyond the economic and legal obligations. The industry is strongly linked to environmental scandals and companies make various efforts to address these issues (Farache and Perks 2010, 235).... [tags: Business Analysis ] :: 18 Works Cited
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The Problem of Evil in the Judeo-Christian Tradition Depicted in Hicks' Philosophy of Religion - The problem of evil is a difficult objection to contend with for theists. Indeed, major crises of faith can occur after observing or experiencing the wide variety and depths of suffering in the world. It also stands that these “evils” of suffering call into question the existence of an omnibenevolent and omnipotent God of the Judeo-Christian tradition. The “greater good defense” tries to account for some of the issues presented, but still has flaws of its own. In the excerpt from Philosophy of Religion, John Hicks outlines the problem of evil as such: (a) If God were truly omnibenevolent, he would then wish to eliminate all evil; (b) If God is were truly omnipotent, he would then be capable... [tags: religion, theology, Philosophy of Religion]
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Bentham’s Principle of Utility and its Shortcomings as the Sole Basis for Morality - Jeremy Bentham in his book, An Introduction to the Principles of Morals and Legislation, is trying to create an ethical system that he believes ought to be the basis for all decision making. He states that “As to ethics in general, a man’s happiness will depend, in the first place, upon such parts of his behavior as none but himself are interested in ; in the next place, upon such parts of it as may affect the happiness of those about him” (Bentham pg. 312). Bentham believes that we need to create a society in which there is a balance of both self and other regarding behavior, in order to create a society that maximizes happiness while minimizing pain.... [tags: Ethics, legislation] :: 1 Works Cited
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Marginal Utility Theory, Product Differentiation, And Revenue/Profit Maximization - “Apply the concepts of marginal utility theory, product differentiation, and revenue/profit maximization to some event in your personal, daily lives.” [1] Marginal Utility Concept Application From the three concepts at hand this is by far the easiest to exemplify. According to Sloman and Sutcliffe the concept of utility is directly related to that of satisfaction [2]. The satisfaction that one individual takes from consuming something is called utility. Now when we consider the utility concept we must differentiate first between total utility and marginal utility.... [tags: Business]
Profit Mazimization for Puff Shoes - ... As mentioned above, the company only manufactured two kinds of shoes for the 8 sizes- Sport shoes or Sneakers. Since, Puff Shoes was more of a B2B company which manufactured for other footwear companies, it had its own transportation unit and hired transport services to dispatch the manufactured products to the address of the buyer company anywhere in India for a dynamically prescribed fee. Executive Summary Main objective of this case study is to optimize the functioning of the Puff Shoes manufacturing unit with the objective of maximizing profit through the optimal order and resource allocation to the three production units (machines) while ensuring that the demand is met in... [tags: outsourcing, profit, protect, footwear]
Analysis and Description of Yield Management - 1. Yield management is a technique used in reservations, in a recent analysis by Donaghy et al(2008) the definition of yield management states that ‘Yield management is a revenue maximisation technique which aims to increase net yield through the predicted allocation of available bedroom capacity to predetermined market segments at optimum price’. This practice, used in almost all hotels, can be affected by many issues that can have a detrimental effect on profits, image and productivity. 2. Conceptually, yield management works within a framework set out by Jones and Lockwood (2005) who identified strategic operations as being concerned with the long term (focused on by head office), medium... [tags: revenue maximisation, net yield, hotels] :: 11 Works Cited Intro to Corporate Finance Chap. 1 - •Chapter 1 INTRODUCTION TO CORPORATE FINANCE GOAL Today, corporate finance managers must make decision in a much more coordinated manner and generally has direct responsibilities for a control process. Because there are financial implications in virtually all segments of business, she/he must have sufficient knowledge of finance to work these implications into the area. At the end of this chapter, you should be able to: • Undenstand the nature of corporate finance . • Understand financial management framework.... [tags: Finance ]
Company Shareholders: Profit Making and Market Share - a) Shareholders are the people who own share of stock in a company. Shareholders are the owners of the company, since each share stock entitles owner to say in how the corporation is run. Shareholders elect a board of directors to make the company’s major decision, such as the number of shares to be issued to the public. Shareholders wealth maximization is maximization of shareholders purchasing power. It is attempt made by a shareholder to accumulate as much wealth as possible, by whatever means possible.... [tags: investment, dividends] :: 4 Works Cited
Utilitarianism or God, do we have to choose? - Utilitarianism or God, do we have to choose. During many years that question is being formulated and many scholars had a very difficult time to decide if it was possible to follow God’s will and the principle of utility maximization. The principle of utility maximization was a theory created by John Stuart Mill and presented in his book Utilitarianism (1863). Societies throughout the years have argued that those theories are hard to combine, since Utilitarianism seeks for self-development and God’s teachings seek for community growth.... [tags: essays research papers fc] :: 5 Works Cited The Future of Accomazzo & Legacy Farming Company - The perfect competition market is considered the most competitive market out of all four main market types (McEachern 341). In saying this, it also the rarest in existence, most economists consider any market to be in just near perfect competition as a firm will closely satisfy the five main characteristics of a market in perfect competition. The five characteristics are that the market has many buyers and sellers, the products are homogenous (identical), easy barriers of entry and exit, its firms are price takers, and the consumers have all the information needed of the product (Kaplan).... [tags: Business Management ] :: 9 Works Cited Pricing Strategies of the AUDI Automobile Company - Intuitively, a cost-plus approach sets a lower boundary for the selling price. Yet to pitch a competitive price on the market, it takes more than that. The demand forecast advocates opting for the lowest selling price which yields the highest return. A market penetration strategy necessitates thorough knowledge of the selling prices of the nearest competitors and their retaliation potential. Ideally, the lowest price in the market of £10,400 dictates the upper ceiling of AUDI’s price discretion.... [tags: automobile industry]
Maximizing Profits as the Main Goal - Maximizing Profits as the Main Goal The traditional theory (neoclassical) assumes that firm’s primary objective is to maximize profits. That is if the firm is owner controlled. This assumption is based on that firms makes the output and price decisions. Also, that firm takes all necessary actions to earn the greatest profit possible. The managerial theory assumes firms do not necessarily act in order to maximize profits. The basic tenet behind this is the separation of ownership from management, complexity of the organisation and the firm’s manager maximizes his own utility and growth rather than profits.... [tags: Economics Business Management Essays] :: 9 Works Cited Stakeholder Theory and Competing Concept - Introduction Stakeholder theory was given by R. Edward Freeman, which was expressed many ways to represent the stakeholder as an important part of the corporate responsibility. According to Stenberg (1996), this stakeholder theory, is basically not capable to provide better corporate governance. He also stated that, this theory is unable to provide a better view of business performance (Edward & Reed, 1983). Currently, the stakeholder theory has been grown up from its origin and seen as the concept of Value Maximization in the business firm.... [tags: Business Management] :: 14 Works Cited Business Ethics and Ethical Leadership - 1. Seminar 4 required us to debate on the following title “This Business School believes that ethical leadership is impossible in a shareholder focused economy” through the view of four characters. Mike, a non-consequentialist deontologist in the 5th stage of Kohlberg’s (SoCMD) (Figure 1.) argued that ethical behaviour of corporations should be set in a top-bottom structure and that ethical leadership should be reflected in this manner through respecting the governance code and corporate ethics.... [tags: business ethics, ethical leadership, ethics] :: 18 Works Cited The Role of Economics in Business Firms - Introduction The purpose of this academic essay is to establish the differences between demand analysis and demand estimation while describing the importance of each to firms with regard to managerial economics. This document will also explore price elasticity and its relation to marginal revenue and profit maximization. The significance of this essay for the student body audience is to provide a canopy for integrated learning economical concepts and their application to real world scenarios in business related occupational fields.... [tags: price elasticity, marginal revenue, profit maximiz] :: 2 Works Cited Do Options Effect a Person's Satisfaction? - It may seem rational to think that having more options when making decisions would increase a person’s satisfaction. However, Barry Schwartz provides evidence opposing this theory in his article. In “The Tyranny of Choice”, Schwartz (2004 p.70) utilized various concepts supporting the theory that unlimited choices can be detrimental to a person’s emotions ultimately leading to depression. There were two main concepts in Schwartz’s article that distinguished whether a person will be satisfied or earn the likelihood of becoming depressed when having multiple options.... [tags: choices, depression, maximize]
Three Concepts to Maximize Shareholders' Wealth - CFO of a company has the responsibility in maximizing the shareholders wealth without affective the goals of the organization. CFO is responsible for making crucial financial decision of a company. CFO of a company has to play the role of a steward, catalyst, operator and strategist, no investment decision of the company can be made without the approval of the CFO. These roles and responsibilities clearly narrate their significant part in shareholders wealth maximization. There are many ways a CFO can use to maximize the shareholders wealth.... [tags: market, cash flow, revenue]
Corporate and Individual Social Responsibility - Social responsibility is a moral principle of an entity, be it an organisation or individual, to act towards betterment of society at large. It is a duty that every firm and individual should perform so as to maintain the balance between the environment and economy. Their actions should lead towards sustainable development so as to safeguard the interests of the coming generations and at the same time fulfilling the needs of present population. The responsibility can be active, by performing activities that directly advance social goals, or passive, by avoiding any engagement in socially harmful act.... [tags: Social Responsibility Essays] What Is the Canonical View of Corporation Responsibility? - Economists say that the main goal of a business is to maximize its profits. According to the canonical view a business or a corporation has completed the task of the social responsibility with this maximization, always of course by obeying the laws. But the question that arises under this consumption is whether or not a company must be ethical and behave to its employers and its customers as if it was a good and moral citizen; or as the book says `'a good citizen'. From the theory of the psychological egoism we know that human beings are selfish and self-interested.... [tags: Philosophy]
The Pros and Cons of Greed - When the word “greed” is used it is most often in a negative connotation describing some sort of socially unacceptable behavior. Individuals who are described as “greedy” are often considered thieves or usurpers. Yet, is greed really that bad. Is it not greed that, ultimately, motivates one to excel. In a commencement speech at the University of California-Berkeley’s School of Business Administration stock speculator Ivan Boesky declared, “Greed is all right, by the way…. I think greed is healthy” (James), could a man who seemed so successful be so very wrong.... [tags: Pro Con Essays] :: 3 Works Cited Company Internal Report - Many companies have different targets and objectives but at the end of the day these different targets are aimed at profit maximization. Profit maximization enhances and ensures maximum value for the shareholders’ investment. Profit maximization requires strategizing and planning by the management. Leadership skills of senior management affect and influence most of the managerial decisions that facilitate either growth and success or collapsing and failure of a firm. Goals of firms established determine the kind of actions to be performed, their speed and finally their control and monitoring.... [tags: Business Management ] :: 5 Works Cited Health or Wealth - Health or Wealth Market forces, in my belief, have always shaped the relationship between humans and their environment, and I have found it a daunting task to consider the history of such a long and complicated relationship. In all truth, market forces can be considered as anything that drives our means of consumption and our economy as a whole, and from this point of view, they can be seen as existing in some way since the dawn of time. So, instead of starting at the beginning, I will instead focus on the relationship between humans and nature from the start of what I see as the beginning of the end.... [tags: essays papers]
The Combines Act - The Combines Act J.C.H. Jones's article "The Economics of the National Hockey League" (1969) purpose is to explain through simple micro economics that the prime motive of professional hockey team owners is profit maximization. The owners argue that their main interest is "for the love of the game," not the financial benefits of owning a professional sports franchise and to avoid government regulations such as the Combines Act (note 1). An article written in 1982 by J.A. Schofield entitled "The Development of First Class Cricket in England," states the behavior of sport cartels.... [tags: essays research papers]
Anticipated Shocks, Monetary Policy Rules and Welfare in Small Open Economy - This paper examines the welfare maximizing monetary policy rules in the two-country dynamic stochastic general equilibrium model for Pakistan. The model assumes Calvo sticky prices mechanism and shocks to domestic productivity, to the foreign output and to fiscal policy. The policy rule affects the output gap and domestic inflation. Optimized monetary policy rule has a potential to curb the inflation and meet an optimal level of nominal and real exchange rate volatility. This study suggests Pakistan is an emerging small open economy and monetary authorities have an option to adopt the Taylor rule.... [tags: pakistan, exchange rate, authorities] :: 19 Works Cited Multiobjective Planning of Recloser-Based Protection Systems on DG Enhanced Feeders - In the last years, distribution automation has gathered a significant relevance in distribution systems planning and operation. The network operator (NOp) looks for a suitable configuration of the feeder topology as well as the system, pursuing the reliability enhancement and a full energy demand supply. Nevertheless, an efficient protection system requires an adequate investment in such devices as reclosers, fuses and sectionalizers. Thus, two conflictive objectives arise, namely, NOp investment minimization and reliability maximization.... [tags: network, topology, solution]
Recent Trends in Document Clustering with Evolutionary-Based Algorithms - Document clustering is the process of organizing a particular electronic corpus of documents into subgroups of similar text features. Previously, a number of statistical algorithms had been applied to perform clustering to the data including the text documents. There are recent endeavors to enhance the performance of the clustering with the optimization based algorithms such as the evolutionary algorithms. Thus, document clustering with evolutionary algorithms became an emerging topic that gained more attention in the recent years.... [tags: clustering, inspection, research] :: 80 Works Cited
Research on the Importance of Corporate Governance - Context and Background One of the foremost objectives of any business is profit maximization; each and every organization wants to run a profitable and sustainable business activity alongside satisfying the needs of its customers. It wants to set a mark, and be differentiated amongst its competitors whilst increasing its market share value. However in regards to the prospects of profit maximization, every business must ensure that it adheres to a strict code of conduct, enforce internal controls and abide by set rules and regulations.... [tags: business, profit, standards]
Overview of the Cognitive Network Technique - Cognitive Network is a technique which is used to improve the spectrum utilization. Current network scenario is experiencing the huge spectrum scarcity problem due to the fixed assignment policy so in this method great amount of spectrum remain unused. To overcome this limitation the spectrum allocation must be in dynamic manner. In this report the spectrum allocation is discussed thoroughly. Interference is the most important factor that needs to be considered. It is caused by the environment (noise) or by other radio users.... [tags: radio networks, interference] :: 20 Works Cited An Mock Investment Advisor Case Analysis - Mini Case Assume that you recently graduated and have just reported to work as an investment advisor at the brokerage firm of Balik and Kiefer Inc. One of the firm’s clients is Michelle DellaTorre, a professional tennis player who has just come to the United States from Chile. DellaTorre is a highly ranked tennis player who would like to start a company to produce and market apparel she designs. She also expects to invest substantial amounts of money through Balik and Kiefer. DellaTorre is very bright, and she would like to understand in general terms what will happen to her money.... [tags: finances, company, income]
Evolutionary Programming Technique for Voltage Control - INTRODUCTION 1.1 OVERVIEW The fast growth and development in power system has made the system becoming heavily stressed and more complex from day to days. This is happened due to the several reasons such increased of load in the transmission lines and also the difficulties in constructing new transmission system as well as inconvenience in building up new generating plant near the load centers. These incidents may lead to the power system problems such as voltage instability problem or voltage collapse and loss maximization.... [tags: Thesis, Electricity, Engineering]
Management Should Have the Right to Allow a Union in the Workplace or Not - History shows that there has been conflict of power within the workforce between union and management. This essay will discuss if management should have the right to determine whether a union should operate within their workplace. It is necessary first to discuss the roles of unions and management in the workplace and discuss both points of view on the power distribution between unions and management in the workplace. The rise of industrial age led to the rise of industrial factory systems. As the industries grew larger as well as the workplace, it required more employees.... [tags: pluralism vs unitarism] :: 13 Works Cited The Relationship Between Business Ethics, the Millennium Development Goals, and the World Trade Organization - The world today is reeling from the effects of world trade, globalization, development of multinational companies and the never ending war for the fight of resources that countries have to offer. With this development, one of the critical aspects of a business, to have sound ethical practices, seems to be lost with the management, shareholders and government proliferating profit maximisation strategies. This paper will explain ethics, consider the role business and government play with respect to social responsibility and how these may be influenced and achieved through the Millennium Development Goals (MDGs) and the World Trade Organisation.... [tags: Business Ethics Research Paper] :: 4 Works Cited Environmental Sustainability Issues in the Olympics - The Centennial Olympic Congress of Paris recognized these problems and incorporated environment as a “third pillar” of the Olympic charter, along with sports and culture. The UN Environment Program (UNEP), now a veteran and influential player in this arena, was among the first to get involved with the International Olympic Committee (IOC) to work towards environmental sustainability issues in the Olympics. UNEP has also worked with the IOC to develop an “Agenda 21” for the Olympic Movement based on environmental sustainability guidelines created by delegates at the 1992 UN Conference on Environment and Development.... [tags: Environmental Sustainability ] Appraising City Energy Investments Methods - Introduction City Energy is a private electrical distribution company. The company has to decide between using internal staff for electronic meter testing or outsourcing the same function to a service provider. It has already started an evaluation weighting the key issues in this regard. Investment appraisal methodologies are applied to the two things so as to prioritize the alternatives. Investment appraisal methodologies are used at the time of decision making to decide which investment proposal or option is in the most excellent interest.... [tags: Business Analysis ]
Capital and Funds for Organizations - Introduction In the present business environment, organizations need adequate funds so as to operate effectively and efficiently. The financial strength of an organization enables them to have a competitive advantage over their competitors. Since most organizations main aim is profit maximization, all their activities are geared towards raising of funds. Organizations should therefore engage in activities that increase their income. There are several activities that organizations engage in with an aim of funds generation (About.com, 2011).... [tags: Business Environments, Funds] :: 6 Works Cited Fallacies of Corporate Social Responsibility - FALLACIES OF CORPORATE SOCIAL RESPONSIBILITY INTRODUCTION In a contemporary world, a business-society relationship has evolved well beyond a simple business model to a much broader - socially responsible - corporate stewardship. As of this result, Corporate Social Responsibility (CSR) emerged as a concept that encourages companies to be ethical and responsible with the environment it operates in so as to wider impact on society. Though, CSR is now argued so widely as to have become a subject matter for serious arguments.... [tags: CSR, business, milton friedman] :: 13 Works Cited Resolution on War on Terrorism - On September 11, 2001, attacks upon the World Trade Centers began a war. These attacks were a terrorist attack and began a war on terrorism for the United States which is not a regular kind of war. James F. Hoge, Jr., and Gideon Rose state, “But it was a strange kind of war, one without front lines or massed troops, fought in the shadows against an elusive enemy without a clear sense of where it would lead or how it would end” (xi). It will not be fought in one area or directly to one group of people, and it would be hard to find a certain resolution to end it.... [tags: september 11, terrorist attack, world trade center] :: 20 Works Cited Transformational Leadership in the Workplace - Leadership and Teams Envision a workplace where positivity exudes from its leaders; where integrity and ethics are the cornerstones of the organization. A place where you will be encouraged to excel and grow and your efforts will be recognized. Places like this do exist. These are the places where the Transformational leadership style has been adopted. Transformational leaders help to navigate organizational endeavors through positive influence, maximization of strengths, and the alleviation of pitfalls.... [tags: influence, strengths, pitfalls] :: 4 Works Cited Ethics in International Environments - Ethics in International Environments Introduction Global marketing opportunities usually form the pillar under which viability and profitability of international marketing depend upon. This merged with globalization of market today makes international marketing practices a concern globally that calls for moral responsibility (ethics) in conducting business (Danley, 1983). Ethics in international marketing poses many dilemmas and this is because value judgments differ among different cultures. What is fully accepted as right in one country is completely wrong in another country.... [tags: Business Ethics] :: 11 Works Cited Microcredit and Social Business - From Microcredit to Social Business: Towards Making Poverty History Innovative ideas are not standstill, when ideas works they create attraction and developed gradually that microcredit did. In the process of advancement, idea continue to change, newer ideas emerge, sometimes it may outdo the original ideas and very different from the expectations (Mulgan, 2006, p. 154). In the course of time, Grameen Bank own by the ‘poorest of the poor’ who are mostly women becomes a giant that now has 31 different independent companies and organizations.... [tags: poorest of the poor, dependency, capitalist system] :: 15 Works Cited The Justification of Morality and Why You Should Act Morally - The Justification of Morality and Why You Should Act Morally 1. Introduction In this paper I wish to consider the following related questions: (i) Can a system of morality be justified?; (ii) Why should one act morally?; (iii) How can others be persuaded to act morally. Clearly none of these questions is new, and moral philosophers have proposed a variety of responses to them over the centuries without reaching any general agreement. Nevertheless, because these questions are fundamental to any practical application of moral theory, it is worthwhile to continue to reflect upon them.... [tags: Morality Morals Controversial Issues Essays] Lester Scenario: Investment Alternatives Benchmarking - Investment Alternatives Benchmarking for Bernard Lester Whether it’s a strong competitive market or the effectiveness of shareholders maximizing shareholders wealth has become the norm for the global production market. Companies have found different operational strategies to convert less than profitable corporation into long-term profit maximizing corporation. Corporate CEO’s and financial manager must distinguish between growth or operational wealth, which will determine the possibilities of growth maximization, defining current and projected values to shareholder, examining growth opportunities, and increase market values.... [tags: Investment Alternatives Benchmarking Bernard Leste] Economics of a Monopoly - Economics of a Monopoly Introduction ¡§Monopoly¡¨ is defined by its market power. Monopolies are always known to possess an exclusive control over its particular market and that gives them the sovereign authority to control the prices for its goods or services (Dictionary.com Unabridged (v1.1), 2006). Hence, they represent the market. They indeed have detrimental effects on consumer and social welfare. In this paper, section 1 will focus on the theory and economics of a monopoly. Section 2 will discuss with a recent case of monopoly, as in the web search engine company- Google, whose real repercussion is still not clear to most consumers.... [tags: Economics Monopolies] :: 13 Works Cited Managing Workforce Diversity - Introduction Without a doubt, the greatest asset an organization can have is its human resource. Therefore, issues affecting the staff have increasingly become popular among business managers, scholars, policy makers and other stake holders. One of the issues that have particularly generated sufficient interest is managing workforce diversity. O’leary & Weathington (2006) defines diversity simply as way of differentiating one person from another. Diversity is about recognizing and appreciating the uniqueness of each person.... [tags: Workplace Diversity] :: 8 Works Cited The Birmingham Rehabilitation - Of the three research articles, two were quantitative studies, and one was a systematic review. The Birmingham Rehabilitation Uptake Maximization study compared the outcomes of HBCR and CBCR in terms of cardiac risk factors, and adherence to rehabilitation 12 months after recruitment post-MI, PTCA, or CABG (Jolly, Lip, Taylor, Raftery, Mant, Lane, Greenfield, & Stevens, 2009). The second study, General Health Improvement, reviewed the overall benefits of continuing cardiac rehabilitation at home.... [tags: obesity, cholesterol] :: 24 Works Cited David Gauthier's Answer to Why Be Moral - David Gauthier's Answer to Why Be Moral ABSTRACT: In this paper I argue that David Gauthier’s answer to the Why be moral. question fails. My argument concedes the possibility of constrained maximization in all the senses Gauthier intends and does not rely on the claim that it is better to masquerade as a constrained maximizer than to be one. Instead, I argue that once a constrained maximizer in the guise of "economic man" is transformed through an affective commitment to morality into a constrained maximizer in the guise of the "liberal individual," then a purely rational justification for morality must become invisible to the latter.... [tags: Argumentative Persuasive Essays] :: 5 Works Cited Automatic Surveillance: Vision Detection Using Gaussian Processes Analysis - ... Pixels of sharp variations are consequently classified into the foreground. Many techniques have been established to work in the frame of this principle among which we can list: the running average [1] [2] that interest in modelling the background each pixel location by fitting a Gaussian probability density function (Pdf) on the last n pixel’s values. At each frame time, the pixel's value can then be classified as a foreground pixel if the difference between its values and the estimated mean values exceeds a given threshold.... [tags: detecting moving objects, application]
Financial Management Techniques - Financial Management Techniques The study of Financial Management techniques involves the assumption that the single objective of commercial entities is the maximization of firm valuation and shareholder wealth It could be argued that in financial management the single objective of commercial entities is the maximization of firm valuation and shareholder wealth. Different factors need to be considered in order to discover the extent to which this objective is realistic.... [tags: Papers]
Dividend and Dividend Policy - Dividends are commonly described as the distribution of earnings in real assets among the shareholders of the firm in proportion to their ownership. Dividend policy therefore refers to the payout policy which a company uses in deciding the size and pattern of cash distribution to its shareholders over time. (Kapoor, 2009:5). Mullin plc clearly used a stability strategy from 2003 to 2007 with the annual dividend rate being five shillings per share. The current economic conditions have clearly affected its ability to pay dividends to its shareholders.... [tags: financial, rates, shareholders] :: 2 Works Cited Price Discrimination - Price Discrimination Prices are based upon the price elasticity of demand in each given market. In other terms, this means that during ladies night at the local bar, it costs more for men to have a beer than women simply because these bars find it o.k. to charge females less, as a way to draw more females to the business on a specific night. Price discrimination is part of the commercial and business world. Movie theaters, magazines, computer software companies, and thousands of other businesses have discounted prices for students, children, or the elderly.... [tags: Economics Economy Profit Finances Essays] :: 7 Works Cited OfficeMax, Inc. - OfficeMax, Inc. History OfficeMax, Inc., based in Shaker Heights, Ohio, has nearly 950 stores in 49 states. OfficeMax stores sell over 7,500 name brand and private-label office products from writing instruments and paper products to computers and office furniture at discounted prices. The company is currently one of the nation's office supply chain. In addition to opening more domestic stores in this year, OfficeMax has also decided to branch out into Mexico, Japan, and Brazil. Vision OfficeMax's vision is to become the leading super discount office supply retail store offering a variety of core office supply products and services by featuring more innovative store-within-store formats... [tags: Papers] Raising the Minimum Age for Driving Motorcycles to Twenty-One - Raising the Minimum Age for Driving Motorcycles to Twenty-One In this essay I will discuss whether it would be better for society and for the motorcyclist if the minimum age for driving would be raised to 21 years. I will discuss the monetary and nonmonetary benefits, the private costs and benefits and the social costs and benefits. I will also discuss and explain rationality and maximization. Rationality is making a well thought through decision weighing all factors involved.... [tags: Papers]
Corporate Sponsored Education: The Limits Of Social Responsibility - Corporate Sponsored Education: The Limits Of Social Responsibility ABSTRACT: The business sector increasingly subsidizes financially challenged institutions. Representative examples would include health care, major sports arenas, and penal facilities. Among the recent beneficiaries of corporate largesse are schools. Such assistance blurs social roles and raises serious moral concerns, especially those of moral agency. Education, more so than other social institutions, determines the kind of citizen and moral character a person can become.... [tags: Social Responsibility Essays] :: 5 Works Cited Judge Posner's Challenge to the Philosophy of Law - Judge Posner's Challenge to the Philosophy of Law ABSTRACT: This paper presents a conceptual analysis of Richard Posner's empirical theory of judicial behavior. His theory opposes the conventional view which holds that judges are insulated from external pressures so their judicial decisions will be based upon a disinterested understanding of the law. Since economics holds that all people — including judges — attempt to maximize their utilities, Posner thinks that the conventional view is an embarrassment which presumes judges are not rational.... [tags: Posner Law Essays] :: 2 Works Cited Outlines of the Theory of Choice - Outlines of the Theory of Choice There are two distinctions of orientation or of intention of a subject toward any phenomenon: "to" or "from" it, attraction or repulsion, acceptance or rejection. The +/- acceptability or pleasantness/unpleasantness of a phenomenon to a subject is the term indicating his or her +/- orientation to the perceived phenomenon. There are six components of the stream of human consciousness: contact senses (smell, taste, tactile senses), distant senses (auditory, visual) and emotions.... [tags: Psychology Philosophy Essays] :: 11 Works Cited Wal-Mart Business Ethics - Wal-Mart is currently eradicating some of its negative images by going green, keeping prices continuously low, contributing to disaster relief, community service and a health enticement for Americans to lose weight. Research shows that Wal-Mart believes that by making these changes now, it would help them come closer to the company’s main objectives of respecting the individual, servicing the customers with superior and excellent customer service. Wal-Mart also wants and has the expectations of its suppliers to adhere to these beliefs in their contracting, subcontracting, and other business relationships.... [tags: eradicating some ot its negative images] Monopoly of Petroleum: OPEC - Monopoly of Petroleum: OPEC Images Not Included A monopoly is evident where a firm is the sole seller of its product and if its product does not have close substitutes, as discussed in (Gans J., King S. Mankiw A. 2003). This essay will discuss the monopoly of petroleum by The Organization Of Petroleum Exporting Countries (OPEC), particularly how it controls the price of petrol, threats to its monopoly and the social costs involved. OPEC was established in the 1960's and ever since, Saudi Arabia gained a reputation of being the major power of the organization.... [tags: Business Case Studies Oil Essays Petroleum]
Management Of Human Resources - Management of Human Resources HR is the key to organizational success or failure. HR policies and practices must be tired to overall organizational strategy. Discuss with examples, how the organization can develop competitive advantage through superior Human Resource Management. In order to ensure organizational success, there are various things to keep in mind. Firstly we need to define the organization strategy. What is an organizational strategy. Kay states that strategy is about the achievement of competitive advantage which, in his view, is based upon an organizational identifying, developing and applying to relevant markets its distinctive capabilities, which are most often derived fr... [tags: Business HR Human Resources] Problem Solution: Global Communications - Problem Solution: Global Communications Global Communications (GC) is a telecommunication company under tremendous economic pressure just like other telecommunication companies. Its stock value has diminished drastically at over 50% which creats doubt in the stockholdersand thefuture of the company is being questioned. GC decided to take an aggressive approach to solve this problem by outsourcing some of their technical call centers department to Ireland and India, without communicating it first to the union This will cause a lay-off of employees and cut salaries by 10% for those relocating.... [tags: Business Analysis Strategy Management] Sustainable Development - Introduction There are fundamental challenges related to development in every era of human history. From the historical focus on expansion of imperial power and colonial rule in order to attain supplies of raw material and cheap labour, often in the form of slavery; to the gradual emergence of social progression in the form of concepts such as social justice, democracy, and equity during the post-world-war period. Earlier developmental approaches were centered on raising living-standards by promoting increase in productivity to provide goods and services to a growing population.... [tags: Economics, Environment, Social] :: 9 Works Cited Capitalist System - From the French Revolution (1789) to Modern Times, various significant theories created by philosophers, scholars, social scientists, politicians, and economists. Rousseau to Kant, Adam Smith to John Stuart Mill, Proudhon to Comte, Marx to Bernstein, Ricardo to Mazzini, many approaches considered as milestones introduced to the environment’s of different studies. However, during the timeline which consists four (18th, 19th, 20th, 21st) centuries, societies evolved significantly while the fundamental assumptions of earlier communities are replaced.... [tags: Karl Marx, Ricardo, capitalism, economy, Smith] :: 4 Works Cited
Neo-Realism and Liberalism: Comparing These Two Different Frameworks Used in International Relations In order for countries to cohesively overcome international barriers, frameworks of ideal political standards must be established. Two of these frameworks constantly discussed in international relations are the theories of Neorealism and Liberalism; two theories with their own outlook at the way politicians should govern their country as well as how they should deal with others. Neo-realism lies on the structural level, emphasizing on anarchy and the balance of power as a dominant factor in order to maintain hierarchy in international affairs.... [tags: International Relations] The Role of Cost Accountants in Small Scale Manufacturing Industries in Nigeria - ... 3. To determine whether information generated by Cost Accountants can be used in improving the profitability of small scale manufacturing industries. 4. To verify whether detailed information for planning, control and decision-making in small scale manufacturing industries are provided by Cost Accountants. 1.4 RELEVANT RESEARCH QUESTIONS 1. How can information provided by Cost Accountants help in minimizing cost incurred by small scale manufacturing industries. 2. How effective are Cost Accountants in improving productivity level in small scale manufacturing industries.... [tags: small-medium enterprises management] :: 10 Works Cited The Importance of Corporate Governance fot the Financial Development of a Country - Corporate governance is very important for financial development of country. After East Asian financial crisis developing countries realize the importance of corporate governance in development of economy. In 1990 The OECD Organisation for . The relationship between ownership structure and firm performance is an important area of study in the broader field of Corporate Governance from last two decades. Researchers have focused mainly on managers and major shareholders interests on firm ownership.... [tags: ownership structure, firm performance]
Drive Direct & Increased Booking to Your Hotel with Web Booking Engine - In today’s time, when a sizeable percentage of hotel reservations are done online, we cannot certainly deny the importance of a hotel website which is quite unique and exclusive to the hotel. Yes, unique and exclusive, as the website features all the information related to the hotel in detail and most importantly, it has all the potential to generate good amount of reservations through it. However, despite being so important, hotel websites are still not leveraged to draw maximum direct bookings.... [tags: online reservations]
Productivity and Innovation Credit Helps Business Cope with Rising Costs of Overhead - PIC (Productivity & Innovation Credit) is a scheme that has been implemented by the government to help businesses cope with rising operating costs such as rent and wages. To claim the PIC Cash Payout a business should fulfil the following 6 qualifications: 1. Lease or acquire IT (Information Technology) equipment. 2. License/acquire IP (intellectual Property) Rights. 3. Training fees. 4. Registration of designs, patents and trademarks. 5. Design projects. 6. Research and development activities. Leasing or acquisition of IT equipment is one of the activities that bring out the most expenditure when compared with the others on the list as an institution has to deal with computer software, comp... [tags: government, rent, wages] Reducing World Poverty Through Micro Lending, Social Business and Government Intervention - Anup Shah claimed on the Global Issue website, “Almost half the of world’s population, which is over three billion people, live on less than two and half dollars a day” (Globalissue.org). This is the poverty level. To reduce poverty effectively many of us have donated money to aid the poor, the question arises weather there are other ways to reduce poverty effectively. Traditional approaches like charities, social programs and government assistance are conductors to reduce poverty levels. However, Mohammed Yunus proposes to reform the financial system and increase social awareness due to the escalating gap between the wealthy and poor.... [tags: economics, poverty essay] :: 3 Works Cited Diversity Management and Interlacing Cultural Differences into a Company's Core Values - “Rapid internationalization and globalization has enhanced the significance of workforce diversity”. (source) There is now a growing need for diversity management and interlacing cultural differences into the company’s core values. Within the last couple of decades human resource management has tied in diversity management with compliance to the EEOC and affirmative action. Going forward into the future, companies need to start looking at diversity in the workplace as an individual focus to utilize.... [tags: results of internationalization and globalization]
International Security: How HIV and Aids Play an Effect on That - In the reading The Contested Concept of Security, Steve Smith implies that security is based on human security, in that there’s more to security than brute force. Traditionally, from a realist perspective, security has been defined solely as military defense. From a liberal perspective, security is not just military, but also the establishment of Institutions. However, since the events of September 11, many people like Steve Smith have been given good reason to reassess the meaning of the whole concept of security.... [tags: security, military, states, strategy]
Determinants of Financing Choice of Listed Firms the Nigeria Experience - CHAPTER 1 1.0 Introduction The discussion on how firms raise capital with regards to instruments used to finance investment decisions have generated a lot of academic debate amongst scholar’s in finance in recent past with scholar’s examining plausible reason why listed firms raise capital through primary listing, secondary listing or issuing debt using different combinations of instruments such ordinary equity, debt, hybrid securities such as preference shares, convertible and warrant debt etc.... [tags: Finance ]
Which Provides A More Accurate View of the Global Economy - According to dependency theory, governance of the global economy has been marked by asymmetry and skewed in favour of developed countries and multinational corporations while developing countries survive “at the margins”. This essay will seek to examine the basis for this point by extracting examples from the real world and comparing the theory with the neoliberal theory in providing a more accurate view of the global economy. In defining the global economy, there are a few key ideas that one could adopt including dependency theory and neoliberal theory.... [tags: Economics ] :: 29 Works Cited
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