Milton Friedman suggests that businesses should only be responsible for making profits. If a business stays within the law‚ it is encouraged to do anything and go to any means necessary to maximize the bottom line. Other aspects such as customer happiness‚ impacts on society should not be its main concern. Porter and Kramer on the other hand suggest that we can create shared values in other words we can create economic value simultaneously by creating societal benefit and vice versa. Theoretically
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1. Setting up an internet linked computer Research necessary equipment required to set up an internet linked computer. To make use of the Internet‚ a business must invest into the necessary equipment. First of all‚ there will need to be hardware in the shape of PCs that connect to the web‚ using either cabling or wireless technology. The costs of these are falling and if a business buys in mass‚ then the costs can be reduced further. In addition to the PCs there are the costs of cabling‚ modems
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The Impact of Computer Science on Health Care & Medicine Abstract Computer science can be defined as the systematic study of algorithmic processes‚ their theory‚ design‚ analysis‚ implementation and application. Its functions in the modern society today expand far beyond the uses one could even begin to imagine. Specifically‚ there is an increased influence in its practical application in the field of medicine. In recent times‚ an interdependent relationship between medicine
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In his 2013 apostolic exhortation‚ Evangelii guadium (“The Joy of the Gospel”)‚ Pope Francis contentiously lamented‚ “Today everything comes under the laws of competition and the survival of the fittest‚ where the powerful feed upon the powerless. As a consequence‚ masses of people find themselves excluded and marginalized: without work‚ without possibilities‚ without any means of escape.” Although the pope’s remarks were widely seen as an attack on capitalism and received a great deal of media attention
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The Impact of Small Scale Business on the Nigerian Economy Small Scale Businesses contribute immensely to the growth and development of the Nigerian economy. Some of these impacts are felt in the following areas: Increase in the nation’s Gross domestic product and Gross national product 1. Increase in Gross Domestic Product and Gross National Product The Gross National Product (GNP) is the total dollar value of all final goods and services produced for consumption in society during a particular
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Impact of Globalization on Local Business According through the topic‚ in my opinion‚ I think that our world and many societies in our world have change from the past times. The reasons why our world has changed because of we have technology and money to be part of our life. We focus to develop the way to find the money even we know that is unethical‚ but we still to lie or do everything to get money. It makes effect to our world to be globalization. On the other hand‚ technology also affects
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individuals. This paper has covered some of the fields which people are using Internet for and how Internet has changed the way of humans carrying out those fields. It has also discussed about some of the issues rising from using Internet‚ what kind of impact do we have and how the future of Internet might be. Introduction When Soviet Union launched Sputnik‚ the first man-made object that is sent into the space to orbit the earth‚ on October 4‚1957‚ the United States was forced to create an invention
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The Ideal Role for Business in Society Introduction Business has been going along since long before money‚ insurance plans‚ and global warming were even a glimmer in someone’s mind. The days of trading your skill for what you needed are still present today‚ but in a much different realm. Most people do not rely on their neighbor to grow vegetables for their family to eat while they herd the sheep. Disposing of chemicals and building a greener society were not a worry on the mind of anyone many
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What is the impact of culture on business and marketing? The elements of culture have a profound affect on how we market our products and do business. Even though they may seem invisible at first glance‚ ignoring cultural differences can hurt the marketer’s company and career. The best international marketers not only respect cultural differences‚ but they also understand the origins of these differences and integrate the lessons learned into their marketing strategy. Cultural Knowledge is necessary
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IMPACT OF MANAGEMENT IN GLOBALIZATION OF BUSINESS Globalization has introduced rapid changes in the business management landscape in the local and international arena. Whereas before‚ corporations are introspective in their organizational development and business operations‚ now they are envisioning global expansion and global markets in achieving their objectives of great wealth and profit. Marcus (2010) succinctly expressed “The impact of globalization over the last thirty years has been
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