purposes of corporations are investigated under two different approaches on corporate value maximization: Shareholder Approach and Stakeholder Approach. So‚ firstly both approaches are defined briefly. Secondly‚ compare and contrast of shareholder and stakeholder approaches is made. Keywords: Purpose‚ Corporation‚ Value Maximization‚ Shareholder Approach‚ Stakeholder Approach. Shareholder Approach on Value Maximization: Shareholder approach on value maximization focuses
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“These are times that try men’s souls”- Thomas Paine . Are you a summer soldier or sunshine patriot? (D) Will you run when times are dark? What will you do in this crisis? I am Annabelle June‚ but am known as Alex Moore‚ here in Valley Forge when I’m in my disguise as a boy. Last winter I signed up for nine months of service‚ because of the war with the British in America. I also joined because it is the right thing‚ I’m sure of it‚ especially with the fights my parents had about the war. I was raised
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Stakeholder versus Shareholder Stakeholder theory thinks that the enterprise is a series of contracts with various stakeholders to form various stakeholder consultations‚ the outcome of a transaction‚ whether investors‚ managers‚ employees‚ customers‚ suppliers‚ or government departments‚ community‚ etc.‚ they are enterprise-specific investments and bear the risks. On the other hand‚ Shareholder theory thinks that not only the market will be sound‚ permanent‚ and viable‚ but also the ethical issues
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Thomas G. Guarino begins his article “The God of Philosophy and of the Bible: Theological Reflections on Regensburg” by suggesting that there is several attempts to interpret what Pope Benedict XVI addressed at University of Regensburg. Yet‚ no one of these attempts have focused in one of the major points of his speech. For the Pope‚ true Christianity uses reason‚ which proceeds by faith. The Church does not adopt wholesale any philosophical system; it critically appropriate and purifies philosophy
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Art of the United States Out of all the works of art with in the Art of the United States exhibit in the San Diego Museum of Art in Balboa Park‚ Shipwreck by Thomas Doughty really made an impression on me. It is a 25 x 30 ¼ in. oil on canvas. The reason this painting caught my eye is because it has two especially unusual qualities. First‚ Doughty rarely painted seascapes‚ and his paintings usually focused on the lyrical aspects of nature rather than the threatening ones. Shipwreck was composed
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philosopher. This quote explains that in war it does not matter whether or not you do the right thing‚ but whether or not you know how to survive. This quote relates to Liam O’ Flaherty’s short story and Thomas Hardy’s poem. In “The Sniper” by Liam O’Flaherty and “The Man He killed” by Thomas Hardy both literary works show similarities and differences by the use of plot‚ irony‚ and theme. In the two passages‚ there were many similarities‚ but there were also some differences throughout the plot
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Stakeholders Stakeholders can be defined as “anyone who has an interest in what an organisation does” (Wright‚ 2001). These stakeholders can include governments‚ investors‚ political groups‚ customers‚ communities‚ employees and suppliers. It is important to keep stakeholders satisfied and gain their support in order to run a successful event. This will be further developed in this essay‚ with further recommendations in distinguishing and managing stakeholders. Stakeholder management is the process
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The Leviathan In “The Leviathan‚” Thomas Hobbes develops the concept of liberty by using mechanistic philosophy. The Leviathan is a symbolic artificial person created when power is combined into one body that enacts a sovereign to represent a common will (Hobbes‚ 222). Offering a principle based on science‚ he stresses “natural order” through the unison of body and mind as one functioning unit. In the state of nature‚ Hobbes defines liberty as the absence of external impediments. Without impediments
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The term "utopia" is defined as both "no place" and "perfect place." In Utopia‚ Thomas More creates a utopic society centering around communistic ideas. Utopia is an ideal communistic society that abolishes private property. The perfect society he creates is therefore not attainable due to humanity never being able to obtain complete and holistic perfection. Utopia’s strict rules impose several limitations upon its citizens that therefore dehumanize them. Utopia’s strict rules limit the citizen’s
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Roles of stakeholders Every organisation has stakeholders. Examples of stakeholder groups (beyond stockholders) are employees‚ suppliers‚ customers‚ creditors‚ competitors‚ governments‚ and communities. They often affect the corporation‚ law and markets but actually it consists of senior management‚ managers and employees. In this assignment‚ we will discuss role of stakeholders in terms of identification of learning and development within organisation‚ what is the nature and application of the
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