Economic: maximizing stockholders wealth and value In regards to evaluating your company on their attitude toward economic social responsibility, I have found that your company has made some good moves, although there could be some improvements made in this area. By closing down the two stores that were losing money you increased the profits at your other stores. This helps the wealth of your stockholders, and shows a good attitude toward economic social responsibility. Considering the high profit margin of stocking health and organic products your company took years to stock the products and still only carries a limited supply. This shows a bad attitude toward economic social responsibility.
Social Responsibility Company Q seems to currently have an economic attitude toward social responsibility. An economic model is based on the traditional concept of business. If the business is providing a quality good or service, showing a profit and providing jobs then it is successful. Company Q is more concerned with profits and lost revenues then maximizing a positive impact. They have shown this by closing a few stores in a higher-crime-rate area because they were losing money, by only offering a very limited amount of health-conscience and organic products because they are high margin items and by declining to donate to the local food bank because of worries over lost revenues.
An example of this could be social security benefits. These motivations help the company recruit top level employees and increase their overall productivity. But this can be a trade-off as these benefits and rewards can be costly. Takeaway 2 - Corporate Culture, Human Resources, and Ethics Zappos is a great example of a company that has created a lively atmosphere for their workers through their casual working environment. But another takeaway is that this type of culture is not compatible with many companies.
In the short run, Kudler was able to maximize its profits and minimized losses. They were making profits because they were producing quantity where marginal revenue was equal to marginal cost and charged prices based on their demand curve. The demand for their goods was very high at first because they had little competition. Another positive effect of a monopolistic competition is that it promotes product variety and improvement. When Kudler makes business improvements, it causes their competitors to either imitate them or get out of the business.
Tuition reimbursement means increased morale, productivity, confidence, retention, profits, and less employee turnover. Many people want to take the step to further their education and are afraid because of the financial stressors however with tuition reimbursement from employers the stressors are eliminated. Tuition reimbursement is a necessary investment toward the sustainability of the company’s present and
Recession is two consecutive quarters of negative economy growth. During recession, there is low level of demand because people don’t have much money to spend. So they look for cheaper products that they can afford. At this time businesses confidence gets low as people aren’t demanding for their products so they would have to cut out their productions as they don’t need to make as much products. At this time they would need to provide cheaper price to attract their consumers and to increase the demand.
If there is no minimum amount the company has to pay, it can save some costs that it might otherwise incur. 2. The company can hire more people at a lower income and in fact decrease unemployment 3. B. Deprives students and low skilled workers an opportunity to make an earning (Rector) 1. Minimum wage actually make low-income citizens and students worse off by pricing them out of a job due to their minimal skill sets and resources 2.
Minimum Wage: To Raise or Stay the Same By Rebecca Gebhart March 5th, 2013 Gebhart 1 Even though many people think that increasing the minimum wage will be more harmful than helpful, most evidence shows otherwise. Raising the minimum wage seems to be the right thing to do because after research there seemed to have been more benefits then downfalls that come with it. With deciding whether or not increasing minimum wage is a good idea comes a lot of different factors. Three possible factors are the effect it has on a worker in their personal life, the willingness and participation of an employee and what will happen to the company as a whole. Someone who is opposed to increasing the minimum wage has their arguments to why it is a
Many businesses do not realize the consequences of their actions when they hire older, more skilled employees for jobs just to save a few dollars. These businesses are slowly but surely destroying the future of the United States economy because it is easier and less costly to hire older employees that they do not have to spend money training. It is easy to think about how raising the minimum wage could be beneficial, but it is much more difficult to see how such a thing could leave devastating effects on the United States economy. It is important to fully think about the lasting effects of controversial topics such as this one concerning the raising of minimum wage, because there is an enormous chance that they will affect
Although many average people are very thankful that the wealthy taxpayers pay more, it is also evident that wealthy taxpayers tend to whine when faced with increased tax brackets. But chances are they received their education at a lot lower price than students today are facing. Chances are that they have secure jobs that allow them to be unaware of the current economy’s hardships. Chances are that they were lucky enough to accumulate their wealth during times when it was much easier to build up their wealth. They happened to be in the right place at the right time.