A Corporation With No Morals - 1036 Words

A Corporation With No Morals Some teenagers today, may not know what business ethics are. Well, business ethics is the difference between right and wrong in the business realm. There are so many companies with good business ethics but in our world we only hear about the companies with the bad ethics. One of those companies is called Enron. Enron is a gigantic corporation that deals with the electrical power in Dallas, Texas. Enron may have destroyed many people’s lives due to the company declaring bankruptcy. Enron’s collapse has devastated the world; especially the market place because no one thought that a corporation that big would ever fall. What the Enron executives did was morally despicable, lying to their fellow â€Å"blue collar† workers and not telling them the truth behind all of Enron’s debts. â€Å"In the space of five days last week, the story of Enron’s collapse went from the merely unusual to the truly baroque, with plot elements lifted from the pages of Robert Penn Warren and John Grisham† (Time Feb 2002 18). Enron executives have brought loads of controversy upon themselves. How does the seventh wealthiest corporation collapse? Why did it collapse? Who was behind all of this? Questions like these are wandering through investor’s heads who invested their money in this company. Enron was a corporation that was built up through loans or â€Å"fake money†. One would call it fake money because Enron really had no clue on how many debts they owed and howShow MoreRelatedThe Moral Responsibilities Within A Corporation971 Words   |  4 PagesCorporations can be large or small but they all have some sort of ethical impact on their employees, shareholders, customers, community, and surrounding environments. Richard DeGeorge writes, â€Å"We can speak of corporations having moral responsibilities to act in certain ways, and they are morally responsible for the consequences of their actions on people.† (p. 200). Large corporations are comprised of the board of directors, management, and their workers. They also deal with suppliers, customersRead MoreThe Moral Responsibilities of Multinational Corporations (MNCs)1617 Words   |  7 PagesMultinational companies like Caltex have a moral obligation to improve the living conditions of the citizens who l ive and work in those countries. Their role cannot be limited to increasing shareholder value, while perpetuating and fortifying political regimes that persecute and discriminate a group, or groups of their citizenry. I liken this to reforestation, and the responsibility that governments and corporations have to our planet. A corporation cannot simply make a profit and deplete naturalRead MoreCorporations Are Moral Agents and Have Obligations Which Go Beyond Obeying the Law.Doc1479 Words   |  6 PagesQuestion 4. It is overwhelming how corporations have embedded a social responsibility in their mission statements and company objectives. This leaves us with one assertion that is that corporations do have some level of obligation towards society’s morality; however, the corporation itself is not a moral agent (Klaus M. Leisinger). The discussion that follows is about corporations being moral agents or otherwise; however I will reach a conclusion that corporations do have an obligation that extendsRead MoreCorporations Are Moral Agents and Have Obligations Which Go Beyond Obeying the Law.Doc1485 Words   |  6 PagesQuestion 4. It is overwhelming how corporations have embedded a social responsibility in their mission statements and company objectives. This leaves us with one assertion that is that corporations do have some level of obligation towards society’s morality; however, the corporation itself is not a moral agent (Klaus M. Leisinger). The discussion that follows is about corporations being moral agents or otherwise; however I will reach a conclusion that corporations do have an obligation that extendsRead MoreSocial Responsibilities And Moral Character Of Business1175 Words   |  5 PagesSocial Responsibilities and Moral Character of Business Milton Friedman was a 20th century American economist who advocated free-market capitalism. In 1970 he submitted an editorial article entitled â€Å"The Social Responsibility of Business is to Increase its Profits† to the New York Times. In the article, Friedman argues that in free market systems it is nonsensical to make corporate entities adhere to â€Å"social responsibilities of business† pushed by activists, as corporations are artificial in natureRead MoreAnalysis : The Corporation Joel Bakan878 Words   |  4 Pagesbook, The Corporation Joel Bakan, presents arguments: that corporations are nothing but institutional pathological psychopaths that are â€Å"a dangerous possessor of the great power it wields over people and societies.† Their main responsibility is maximizing profit for their stockholders and ignoring the means to achieve this goal. This in results portrays them as â€Å"psychopathic.† Bakan argues that: corporations are psychopaths, co rporate social responsibility is illegal, and that corporations are ableRead MoreThe Moral Obligation of Businesses Essay1326 Words   |  6 Pagescommon collaboration. By stages, cooperation will improve into activities that rise towards sustaining that niche society’s wellbeing. People who care about others who are not able to take care of them self like, poor, old, weak, sick, as also know as moral imperatives (Brenan, pg 114). Even though, helping isn’t partial to the above-mentioned groups. Basically thinking regarding citizens, land, atmosphere and nature is known as cultivation. Businesses and Government are also involved in civilizationRead MoreThe Corporation Joel Bakan Presents Arguments872 Words   |  4 PagesIn the book, The Corporation Joel Bakan presents arguments, that corporations are nothing but institutional pathological psychopaths that are â€Å"a dangerous possessor of the great power it wields over people and societies.† Their main respo nsibility is maximizing profit for their stockholders and ignoring the means to achieve this goal, portrays them as â€Å"psychopathic.† Bakan argues that, corporations are psychopaths, corporate social responsibility is illegal, and that corporations are able to manipulateRead MoreDirty Money : Corporations And Crake959 Words   |  4 PagesDirty Money: Corporations in Oryx and Crake In the words of Theodore Roosevelt, â€Å"To educate a person in the mind but not in morals is to educate a menace to society†. Yet, as humans, we all too often forget our own histories, sacrificing morality in order to walk the precarious path towards scientific progress. In Oryx and Crake, written by Margaret Atwood, corporations are elevated to a status that transcends governance, in an ever increasing search of profit. In the process, the younger generationRead MoreEssay on Business Ethics1066 Words   |  5 PagesBusiness Ethics The statement has been made that ethics has no place in business and the implications of this statement and its inferring characteristics provide a complex issue in the operation of national and multinational corporations. Because ethical decision making is often not as profitable as choices that do not embrace ethical elements, the perspective has emerged that the nature of an effective business mindset inherently brings about unethical behavior. In order to consider

Mau Lo Business Expansion - 1569 Words

Mau Loa – Business Expansion Funding opportunities should be explored and increased for small businesses and entrepreneurs doing business in Atlanta, GA (Fulton County). Georgia State Legislators should use their influence to broaden funding opportunities in the City of Atlanta similar to the funding opportunities enjoyed by start-ups in Silicon Valley (Southern San Francisco Bay area). More specifically, State politicians should consider using their influence to assist young entrepreneurs (under the age of 20 years old) with funding for their small business ventures. There are a few successful business incubators and/or other business initiatives to provide education, training, business mentoring and bank financing in Atlanta, GA. However, a lot of these programs target more established businesses. Younger entrepreneurs find it extremely difficult to find the kind of support to truly launch a viable business concept. Mau Loa, LLC Mau Loa, LLC needs to raise business capital to expand its brand into other markets. For expansion efforts to be successful, Mau Loa needs funding totaling $10,000+. I am an eighteen year old, without established credit, running a business that is grossing under a $2,500 in revenue. I need to secure traditional or non-traditional funding for the expansion of the Mau Loa brand. Background The major issue experienced in the fashion industry is a lack of innovation. The CEO and Founder of Mau Loa, LLC, will function as a positive andShow MoreRelatedOne Significant Change That Has Occurred in the World Between 1900 and 2005. Explain the Impact This Change Has Made on Our Lives and Why It Is an Important Change.163893 Words   |  656 Pagestwenty-four hours and â€Å"not more than one consecutive WORLD MIGRATION IN THE LONG TWENTIETH CENTURY †¢ 11 year for leisure, business or other purposes,† as tourists are described by the World Tourism Organization.5 Much of this mobility is a continuation and expansion of practices that have been going on for centuries: travel for trade and business, the colonization of agricultural lands, the movement of soldiers and sailors, and the constant ebb and flow of forced and free labor

Scientific And Behavioral Theories Samples †MyAssignmenthelp.com

Question: Discuss about the Scientific And Behavioral Theories. Answer: Problems The firm faces various challenges or problems. First, the workers are apathetic/show no interest but only want to be paid. Secondly, poor management approach is used where the manager is sergeant or so much commandeering. Third, the work is tedious and the production process is hard due to lack of automation. Fourth, the use of highly flammable chemicals is a risk to workers. Fifth, poor sales method is used because often sellers are just standard designers. Sixth, there is a high rate of turnover. Seventh, there is a persistent complaint that clients increasingly receive their products late. Alternatives There is a need to change the management styles in both production and sales department from the current commandeering (strictly administrative) to a shared leadership whereby every workers input is valued. This will make workers be interested in work rather than payment and hence reduce the current high turnover rate. Also, there is a need for the sales representative to be trained in order that delivery is done on time. This must go in hand with productions process enhancement to avail the product in time to eliminate complaints. This can be boosted through automation including online sales where sales representatives are connected to their clients in a manner that orders placed can be processed in time and delivered immediately. Management Theory The best management theories to be adopted is a merger between scientific and behavioral theories. The behavioral theory will help change the behavior of both the management and workers based on best practice behavior. [1] For example, the apathetic workers will become interested because this theory promotes social interactions between the management and workers. Scientific management will help simplify the tasks, divide work equally as well as use monetary incentives to make workers much interested. [2] This is because workers are lab rats and hence shall perform for cheese. Bibliography Hersey P, Blanchard KH, Johnson DE Management of organizational behavior. Upper Saddle River, NJ: Prentice hall; 2007. Waring SP Taylorism transformed: scientific management theory since 1945. UNC Press Books; 2016 Aug 1.

Death, Life, Values and Ethics in Literature free essay sample

An analysis of how each book The Death of Ivan Ilyich, Tuesdays with Morrie and The Trial and Death of Socrates brings the issues of death, life, social values and ethics. This paper compares three books The Death of Ivan Ilyich by Leo Tolstoy, Tuesdays with Morrie by Mitch Albom and The Trial and Death of Socrates by Plato. It explores the similarities and difference that the themes that these books raise. All three books centrally raise the same issues that of death, life, social values and ethics. It is interesting to note how little the mans ideas about these things have changed from 401 BC to present century. These books are a natural insight into the fact that human society is born with some central idea. The books should be used for education to show the development of civilizations and how some ideas are centrally basic to the human race irrespective of the time frame. We will write a custom essay sample on Death, Life, Values and Ethics in Literature or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page

Lululemon Case Study free essay sample

Founded in 1998, lululemon has become an extremely successful company. Over the last 12 years of operation, its mission is to improve health, make a difference in all the communities it is located in, and provide guests with quality products to help them live healthy lives. Currently, lululemon still strives to make a difference in each community through the Community Legacies Program. Plans for expansion are also in effect, and its economic responsibilities are continually being met by the income generated each year. Social Responsibility is the backbone of lululemon. It presents many positive aspects for the company such as maintaining a positive image within society, however it may result in potential negative outcomes like possible profit loss. Strategically, lululemon uses non-traditional and unique marketing and business schemes. For example, lululemon relies on social activities for product promotion rather than typical ad campaigns such as print and/or television media. The next step for lululemon is to encourage people to bring families to the in-store yoga classes to better find a balance between work, family, and healthy living, together. We will write a custom essay sample on Lululemon Case Study or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Issue/Problem Statement lululemon athleticas main goal is to provide their guests with products that will help them live long and healthy lives. They ensure quality in their products, as well as recognize customer needs and adapt to meet those needs. Their goal is to demonstrate integrity and ethics in their company as well as create a positive relationship between their stores and the communities they are located in. lululemon constantly challenges itself to maintain these social bonds, ethical and social responsibility practices, while achieving their economic and financial quotas. Background Information  lululemon is a Vancouver based company with over 100 locations worldwide and is valued over $200 million dollars. The company was founded in 1998 by Chip Wilson, who started the company with the idea that his products would help improve the level of health within a community. Responding to the increased number of women participating in Yoga, lululemon has created products with new innovative fabrics and technology to fit, and feel better which helps women improve their fitness goals. They have provided a culture that provides awareness of the health benefits of doing yoga in daily life. lululemon’s mission statement is to help people live long, healthy, and fun filled lives. They focus on ensuring that their products are of the highest quality and that their store experiences are one of a kind. lululemon invests money in training to educate their staff on effective and creative ways to create a unique experience in each individual store. With deep rooted ties in each community, lululemon created the charitable giving program, where guests of each location decide which local charities they would like to support. Klululemon then chooses up to eight of these charities to be part of the program. Current Information lululemon has established their popular Community Legacies program which is a â€Å"5-year vision that is based on the belief that every person we hire, garment we create, store we open, customer we educate and yoga class we attend contributes to building a legacy in our communities. In 2009, lululemon’s net income generated about 58. 3 million dollars. Their earnings have topped the Streets consensus for seven consecutive quarters. It is also bringing U.S stores to the same level as Canadian stores. The 44 stores in Canada (35% of the total) generated 60% of revenues last year. For the year of 2010, lululemon has plans on opening 12 to 15 new stores this year; it aims to open 25 showrooms by June of the following year and 20 by August. â€Å"CFO John Currie projects a possible 300 stores in North America, with Asian expansion likely into 2012. † Data Analysis lululem on athletica has become a strong and successful company which can be measured economically, as well as by social responsibility. By being socially responsible and utilizing their strong code of ethics, lululemon has created a prestigious reputation for itself by effectively serving the interests of the customer by creating new, quality goods that helps benefit the customers’. lululemon has also fulfilled customer interests by letting them choose which charities in the community they want to support. lululemon also acts in a socially responsible manner by having in store yoga classes for customers to fulfill their mission of helping people live healthier, longer lives. Although lululemon athletica is a very strong company, it has some weaknessness. By acting in a socially responsible manor, this may cause a halt in the company’s economic increase. Profit loss may be a main consequence of investing so much money for training, hiring yoga instructors, and supporting charities. In a short-term perspective, resources such as intellectual capital, money, and time are used on educating the public about the yogi lifestyle. In the long-term, the company is able to effectively use social responsibility as a competitive advantage, as resource utilization and â€Å"waste† is a necessity to running a successful business. This is redeemed by the company’s high prices on their product, which then is redeemed by the positive and unique in-store experiences. This allows lululemon to have a strong economic and prestigious reputation, making it a successful company with a high competitive advantage compared to its opponents. Current Business Strategy and Results lululemon executes an innovative non-traditional business strategy which can be seen in the marketing strategies used. Since lululemon does not use traditional advertising techniques, it relies on running clubs and other social activities for their products to gain attention. The stores also provide free products to yoga teachers, fitness instructors and others to spread the word to people who have the same personal interests. lululemon is also known to spend money on in-store yoga classes where they can stick to their mission statement and inspire and build trust and loyalty among guests by concentrating on providing quality products, and providing a positive and memorable experience. Through this innovative marketing strategy lululemon is able to maintain a competitive advantage over other brands that create a similar product for half the price. Just like their marketing style, lululemon’s business strategy is non-traditional. Before opening a store the company opens a â€Å"showroom† where educators interact with guests through yoga and fitness classes to understand what customers in the area need the most, therefore management differs from store to store, however the results are similar; the guests have a place to be challenged, relax and achieve personal goals. Each store also creates a positive work environment for the educators creating an extremely high quality of work  life because the company cares about all of the educators’ health. An educator at a lululemon location in Toronto was shocked by how much the company cared. â€Å"Ive never before worked for a company that cares so much about my life. They genuinely want you to be proactive in your own life. At head office, employees are encouraged to display professional and personal goals on posters over their desks† Lululemon also uses a proactive strategy as it meets all of the economic, legal, ethical and discretionary responsibilities. These responsibilities are met since the company is valued at over $220 million; they operate legally; want to help people live healthier lives; and is committed to supporting charities. As a result of the strategies used, lululemon has remained to be a successful business with loyal customers because of the unique experience in every store and by giving customers what they want. Recommendations and Implementation Plan The company’s next step is to focus on providing their customers with a better lifestyle where they can find a balance between work, family and health, as it is part of their core values. This could be accomplished by expanding their in-store yoga classes from just the guests, to their entire families. This would allow lululemon to bring in more customers as more people will be involved with the in-store experience. This also would not dilute the main purpose of the business as their focus is to create healthier communities by improving balance between work, family, and life. Conclusion Through being socially responsible can lead to economic downfall, lululemon has become an extremely successful company. This is shown in how it serves the interests of the customers by providing them with quality products and how it meets its mission to help people live healthier lives by providing in store yoga classes. People also have a say in which charities they want lululemon to support, which encourages people to use their products since they will know that money will go to charities. It is evident that lululemon meets its economic and discretionary responsibilities as the company is valued at over $220 million and are still opening stores, and how they support charities in every community the company is located in. Its ethics and legal responsibilities are also met as lululemon does not partake in any unethical practices and obeys the laws set in place. The company also advocates that they will keep their promises. With lululemon entering the global market, it will continue to achieve major success by being socially responsible in any location it operates in.

Women in Islam essays

Women in Islam essays Women play an important role in any society. In many cultures, a woman looks after the family while the man works to support them. Not all women look after the family, as many have full time careers. Womens education is encouraged almost everywhere, allowing women to better themselves. Education allows for better career opportunities. In most societies, the role a woman chooses to take for herself is often a choice rather than a restriction. In Islamic societies, however, women seem to be forced into certain roles and responsibilities. These restrictions often seem to elevate a mans status and importance in society while degrading a womans status. While the Koran and Islamic society state that the two sexes are equal in religious and legal aspects, the two sexes have very different roles within the society. These roles and responsibilities push women down, and create an unjust standard of living between the sexes. The Koran is meant to be the everlasting word of God, and is the text that guides Islamic society. According to Tove Dahl, women received through the Koran a religious status equal to that of men as believers, and in addition legal status as an independent subject . In pre-Islamic society, women were often considered the property of their men, and did not enjoy much freedom. Men would control the womens actions, often dictating their lives. As Islam and the word of Allah spread, a society was formed on religious beliefs, and based on the literal text of the Koran women were to be treated as equals. Given that the word of the Koran is the word of God, then women in Islamic society should be treated as equal with men. If women were granted equal religious matters and given independent legal status, then in a society which revolves around religion, women should have the same rights as men, and given freedoms to make their own decisions pertaining to most issues. ...

CASE STUDY 02 Essay Example | Topics and Well Written Essays - 1000 words

CASE STUDY 02 - Essay Example The debt position of the company is more or less the same as that of its peers. 7 Dividend policy forms an integral part of corporate finance. It looks obvious that the company must reward its shareholders by declaring high dividends. But then the question is if the company declares all of its earnings as dividend merely to keep the shareholders happy then this will perhaps retard the future growth prospects. For this reason the companies do not declare all its earnings as dividend but they plough back a certain portion of the earnings in the form of ‘Retained Earnings’. The companies pay a lot of attention to ‘dividend policy’ as a fall may invite the wrath of the shareholders and a rise can come in the way of the growth prospects (Ross, et al., 2008, pp. 590). The dividend payment of FPL Group Inc has been on an upward move for the last ten years. In the year 1984 the company declared a dividend per share of $1.77 that reached the levels of $2.47 in 1993. Unlike the steady rise in the divided the earnings per share (EPS) of the company passed through fluctuations on many occasions but the impact of this was not felt on its dividend payment pattern. In fact in the year 1990 FPL Group incurred a net loss of $391.005 million resulting in a negative EPS of $2.86. But even in this year the company declared a dividend of $2.34. The main incentive of a share issue is that payment of dividend is ‘not obligatory’ i.e. a company pays dividend only when it is able to generate sufficient amount of earnings. But this seems to be inapplicable in the real world as is evident from the case of FPL Group. However it is anticipated by the analysts that the group will either cut dividend or keep it stable at the existing level of $2.48 per share . In 1993 FPL Group maintained a dividend payout ratio of 91% which is the highest as compared to its peers. During this period Duke Power Co. maintained a payout ratio of 68%, Florida