It provided the largest existing opportunity and 2. ISC felt that the aftermarket use of ISC’s technology would translate back to OEM’s purchasing decision and that they would follow suit with their customers. Despite having a strong relationship with OEM’s such as AT&T, we feel that ISC would inevitably have less power in the OEM partnership. ATT sales force’s interests were not aligned with ISC’s sales goals. This misalignment was due to the fact that the technology would reduce the need for more base stations and ATT sales people were paid on the number of base stations sold.
A business is then formed from these people, and they become business people. Business people use their services to produce whatever a consumers demands, when these demands are fulfilled, the consumer pays and then the business gains money. If businesses want to gain more money, the business must spend more money, more money spent means more money flowing through the economy. A strong economy makes a strong government, and a strong government makes strong people to support the government. Although the business cycle is not as simple as I stated, fundamentally that is how it works, by using their greed business people end up helping everyone instead of hurting, and thus business people are captains of industry.
The Five Forces Model Evaluation of UMUC Haircuts FORCE | EXPLANATION | IMPACT | AFFECT STRATEGY? | BUYER POWER | Buyers can get more for their money by forcing businesses to lower prices while demanding the highest quality service. Since they can always go from one business to the next, businesses must take the cut in industry profitability to suit the buyer (Porter, 2008). UMUC Haircuts must be very attentive to buyer power since haircuts affect physical appearance and that is very important to many people. However, this is not of a high threat since the company has rising profits and established buyers.
The Ford Pinto Case: Kantianism In the business world there is one goal, to make profit. The people in charge of the businesses try and create the most revenue for their stakeholders as well as themselves. However, if a company’s one and only goal is to make money, ethical problems are due to arise. Many times, what is best to make money is not what is best for the general public. Should people’s well-being and safety be compromised in order to benefit the people who have a stake in the company?
But logically, the bonuses were for business productivity. How was the business productive if they received federal bailout money? It was said that the bonus money was in their contracts. Their clients took major loses and they take the bonus. I think that a business leader needs to act and conduct themselves in the best interests of their employees, and clients.
Concepts: (Total) Profit Approach – This approach is defined as trying to maximize the profit of the Company. While this objective is important, it must be considered in concert with the objective of providing a socially useful function (Perreault et al, 2007, p. 89. A second important function is that the Company must consider their behaviour as being ethical or not when trying to maximize profits. The actions of Premier Fitness were likely motivated by an objective of maximizing its profit. The Company used lower prices to attract customers and then charged them a higher cost than advertised.
But its payout ratio was unsustainable. Hence, the optimal way is to reduce its shares outstanding with a stock repurchase. by repurchasing shares, the company could adjust its unbalanced capital structure, and even raise debt to finance its purchase. It also will send a signal to the market that the share may currently be undervalued, and thus boost the share price. If the share is fairly priced, market could also interpret the repurchase behavior as a positive signal that the board has confidence in the company’s future performance.
An internal stakeholder is someone linked internally to the organisation that has certain interests which they might look into such as managers might employees might want to have higher wages and owners would want their shares prices to increase to give them more profit when they decide tom sell them. External stakeholders are individuals or groups such as suppliers, the public, lenders and customers which influence and are influenced by an organization but are not involved internally with the business. There are several types of stakeholders as seen below. Michelin Manufacturing Company Customers The interests of the customers are too able to buy good quality tyres that will be efficient, cheap and will be able to last a long time. Also to make sure the tyres are attractive and look good on their specific car.
Free labor would promote better competition for businesses, thus arising in new businesses and companies. This will keep cash flow constantly going. During this time we should increase our knowledge with new technology so that we as humans can create an easier living for ourselves. With the slave system this reduces the need for technological advancements and defeats the purpose of why we should invent machines to make our jobs easier. Slave owners can lower the price on their products, but in the long run that can cause the farmer financial ruin.
The cost to the government and the taxpayer of keeping the business’ running and making sure they efficiently pursue their desired function can have high opportunity costs.This is especially prominent in a time of recession/economic downturn when the money could be spent in other ways to increase growth the economy,such as macroeconomic policies including fiscal and monetary policy. On the other hand public ownership does have some positives. The main benefit is that of public interest, this includes the fact that the business is not there to operate for profit, it is there to serve the consumers. This point could also be tied in with the fact that any profit made by the business’ if government owned will go back into society. This is obviously beneficial if the business’ are making profit, but it could be argued that a business should not be making profit, but instead charging lower prices to consumers initially.