Additionally, company hours are limited to times where purchasing is higher. These three elements all need to exist for the company’s strategy to succeed. If any of these were taken away, the company would be hard-pressed to keep business practices profitable. Even more impressive is how little debt the company is using to finance their growth. The product
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. Company Q is not displaying an obligation to its stakeholders; particularly the customers, community and employees by not maximizing a positive impact through ethical and philanthropic actions. In order for Company Q is improve their reputation they need to take on a socioeconomic approach to social responsibility. This approach focuses not only on profits but on the benefit of the business to society. Company Q can improve their social responsibility in three areas; customer satisfaction, community outreach and employee trust.
An understaffed company due to lack of initial funds will not be as efficient, and may lose customers. Low initial capital will also affect an advertising campaign and may cause the business not to bring in as many customers as it could have. Location: Location is one of the most important decisions new business owners have to make. The location of a business will ensure what kind of customers will visit the establishment. If the establishment is in a Hispanic neighborhood, the majority of the customers might be Hispanic.
Critics say that pressure groups benefit the well organised but they disadvantage the weakly organised, subsequently working against the public interest. This is because the pressure groups run on donations for their funding. As a result, a pressure group with as little as two or three wealthy advocates may end up becoming influential and having its cause heard by the government. However, its members may not represent as much of the population as is suggested by the pressure group’s standing, thus creating inequality. This is amplified by the fact that the larger pressure groups can leave many smaller ones in their shadow.
Money may be required for R&D, production facilities, marketing research, or advertising right before a firm is able to make it's first sale. Even a really good opportunity may not be profitable for a firm for years, so that means lack of financial strength could often a barrier to entry into an otherwise attractive market. Also in many firm's, the cost of producing each unit decreases as the quantity produced increases. Firms sometimes have the advantage of flexibility. Firms that own or have assured sources of supply have an important advantage, especially in times of short supply but Big firms on the otherhand often control their own sources of supply.
Immigrants realize that crossing the border illegally could mean losing their life, but many believe the life they currently have is not worth living. Many of them do not have enough food to eat, a place to live, or an opportunity to have a job that allows them to support themselves and their family. For most immigrants, there is no other choice but to put their lives on the line and cross the border in hopes of achieving the American Dream. In America today, the idea of America as the “land of opportunity” is starting to fade. What once was a country that prided itself on the possibility of anyone having a “rags to riches” story, has the face the reality that in today’s day and age, this rarely happens.
Which of the following is not a public good? a.|national defense| b.|patented technological knowledge| c.|general knowledge| d.|the elimination of poverty| ____ 4. Because of the free-rider problem, a.|private markets tend to undersupply public goods.| b.|the federal government spends too many resources on national defense and not enough resources on medical research.| c.|fireworks displays have become increasingly dangerous.| d.|poverty has increased.| ____ 5. Private markets usually fail to provide lighthouses because a.|lighthouses cost too much to build relative to their benefits.| b.|government intervention makes it hard for private lighthouse owners to compete in the market.| c.|ship captains have incentives to use lighthouses without paying.| d.|lighthouses are valued very little by ship captains these days.| ____ 6. Most lighthouses are operated by the government because a.|of the free-rider problem.| b.|lighthouses are no longer valued by society.| c.|most lighthouses are only tourist attractions in state and national parks.| d.|shipping companies would not be able to afford maintenance fees for lighthouses.| ____ 7.
This no doubt at times is a reality because of budgetary restraints common to many not for profit groups. There are also many employees who feel that because they work for a not for profit, they should not expect similar compensation to those in the for profit realm. Another reason for this tendancy is that some not for profit organizations do not feel an obligation to provide compensation anywhere near the same level as for profit corporations. Instead they rely more on the self sacrificing spirit of the employee to want to make a difference in their community. (Nonprofit Organizations) What can not for profits do to attract qualified employees?
Additionally the investors were not exactly sold on the ideas either. They were judging past performance and were not completely convinced that the plan would work. The ramifications of that mistake were that since they did not conquer step one very well, all of the other steps seemed to suffer too. Everyone involved felt some sort of uncertainty and did not have a clear direction; which would be step three. “If you can sell your employees on the company's future and the importance of their role in it there are numerous advantages people are more likely to generate their own ideas, to contribute with enthusiasm, to keep slogging when it becomes unpleasant, and also to experience a sense of camaraderie and togetherness” (Spiro 2010) Another significant error that was made was in the HP story in which the vision was never communicated, step four.
Profit Sharing - Result controls may serve well with congruence between employees’ and company’s objectives, but employees take for granted the law-required 10% profit sharing of the company’s income and so their motivational effect seems little. Salary Increase – The semi-annually salary increase is subjective and irreversible, and so may be inconsistent with performance and fails to motivate employees to work harder. Internal competition – Although assigned the