ALL WK 1, DQ’s: WK 1, DQ 1: What is a business’s obligation to build an ethical culture and balance its desire for profit with ethical responsibilities to employees, customers, society, and the environment? Ethics is different from one person to the next, so it is imperative that business clearly define the norm for staff members and management. The decisions organizations make influence more than business partners, affiliates, culture, and others. It is important for organizations center of attention on maximizing shareholder revenue. Therefore, maximizing profit without causing destruction to the business culture can be a balancing act for most organizations.
Ethics Paper MGT/498 January 20, 2014 Mix sustainable development, company social responsibility, stakeholder theory and accountability, and you have got the four pillars of company property. It’s an evolving construct that managers are adopting as another to the standard growth and profit-maximization model. Corporate sustainability is often viewed as a brand new and evolving company management paradigm. The term ‘paradigm’ is employed deliberately; in this company property is another to the standard growth and profit-maximization model. Whereas company property acknowledges that company growth and profitability are necessary, it additionally needs the corporation to pursue social group goals, specifically those about property development — environmental protection, social justice and equity, and economic development.
Some of the very important factors are: Government stability effects businesses in a great range by competing with businesses to lower their costs, transparency is another important factor where anything the business does is revealed to the government and the government know exactly what they are up to. Economic policy of government on businesses is also a very essential factor that effects businesses for example, government sets up rules and frameworks according to which the businesses compete with one and another, so from time to time government changes these rules which forces the businesses to change the way of their set ups. There are also beneficial political factors that help businesses in various ways, these factors can be defined as apprenticeships and funding of schools and colleges which will enhance the skills of the population that will affect McDonalds in having more skilled workers to work for them which will
Organizations that seek global market relevancy must embrace diversity – in how they think, act and innovate. Diversity can no longer just be about making the numbers, but rather how an organization treats its people authentically down to the roots of its business model (Llopis, 2011). Many corporations have tried to buy their diversity but this is not something that can be bought and for those organizations that continue to embrace this approach will tarnish their brand (Llopis, 2011). America is changing and this new world carefully evaluates how organizations relate to it (Llopis, 2011). Corporations need to understand that diversity is not just about accessing multicultural markets.
As a C-corporation the business, not the owner, would be held liable for any financial damages. Any accidents involving employees or customers would be the responsibility of the corporation to settle. Financially speaking incorporating is the best option because as a sole proprietorship the owner is currently paying a much higher tax rate versus the corporate tax rate. With the tax code being different for corporations there is better profit retention and security. The client also mentioned the issue of partnership and the selling of stock in order to expand the company.
Lastly organizations must all seek the greatest profits meaning nothing else but profits. When these conditions are meet which isn’t often, organizations can supply goods following their own self-interests in a predictable manner to the market. Suppliers utilize the demand curve to determine the amount of productivity and the right cost for the market. The requirement that all the firms are large ensures no organizations will be able to gain more than another. These types of conditions keep firms from monopolizing the market.
The giants do so to satisfy their excessive greed and attain more control over all aspects of life within their reach. In order to keep such corporate greed in check and to help the government be more productive, a well informed and altruistic public has to use its authority as the customer to boycott the products of such voracious companies. And with the support of a powerful media, the message can not only be sent to the corporate executives, but also to gather more supporters. To appease their customers, when executive greed becomes a public ally, lobbyists who assist the giant corporations, will conform and pursue the welfare of
Consequently, stimulates invention, and creativeness in the commercial community. Violations of patents and trademarks are punished with penalties, and referred to civil laws consequences with expensive fines if the accuser loses the case of patent violation. The U.S. Department of Commerce lately launched a nationwide program to help small and medium sites companies with the objective to growth its exports and sales overseas. This is one of many services that the Department of Commerce provides for help businesses, and at the same time to succeed profitability and continuity. Troubled Asset Relief Program “TARP” Regardless of its clear pro-business support to organizations, fight in contradiction of the companies, the motivation programs and government bailouts still critiqued by certain elements of the commercial world.
English 120 3 November 2012 Democracy under Attack: Repercussions of the Corporate State Since the inception of congress the ideals and principles of the grand social experiment known as the United States have been guided by their legislation. These tenets have helped shape the fabric of our culture and way of life and although not perfect have proven to work over the test of time. Unfortunately, the issue of overt corruption that has seeped into congress presently is something that our founding fathers could never have envisioned when laying the framework of our constitution. To truly understand how the wheels of democracy are greased by the fat of capitalism, the incestuous relationship between corporate
As many companies who are international have had to do, Levi Strauss will need to find a method that all of their companies can agree with and keep it going while being ethical. This will help the company to prevent any, and in some cases all controversy. Conclusion With many companies in the international market, it is as important as ever to remain as ethically sound as possible. With the goal of increased earnings comes additional responsibility to accommodate all countries and their ethics. By modifying how the company does business outside of the United States, Levi Strauss and Company should be able to accommodate social factors as well as moral factor which will allow the company to be successful for years to come.