deception or fraud.” Friedman did not support firms acting illegally‚ unethically‚ or immorally; he believed the goal of firms was to maximize shareholder wealth within the legal boundaries of society. Government and citizens should assume their rightful roles by setting and maintaining those limits. Several concepts prove why the ethical responsibility of a corporation should be placed internally‚ on producing profit‚ rather than addressing social issues. Friedman’s philosophy supports the rights of shareholders
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Facility Layout • • • • Types of Facilities Site Selection: Where to Locate Global Supply Chain Factors Location Analysis Techniques Prof N. Balasubramanian Facility‚ Capacity‚ Planning - MMS I 1 Types of Facilities • Heavy-manufacturing facilities – large‚ require a lot of space‚ and are expensive • Light-industry facilities – smaller‚ cleaner plants and usually less costly • Retail and service facilities – smallest and least costly Prof N. Balasubramanian Facility‚ Capacity‚ Planning
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M1. Explain the points of view of different stakeholders seeking to influence the aims and objectives of two contrasting organisations. A stakeholder is anyone who is interested in the success of an organisation‚ and often the stakeholders have a large influence on the business’s aims and objectives. In this assignment I will be explaining why stakeholders would be interested in a company’s aims and objectives and why each stakeholder would be interested in my two chosen organisations joining together
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convenience stores‚ franchised Ben & Jerry’s scoop shops and restaurants. Stakeholder and stockholder’s role and motivation Stakeholders are the parties that have interests or affected by a corporation. Analyzing Ben & Jerry’s‚ there potentially exists several stakeholders‚ including management‚ employees‚ customers‚ suppliers‚ stockholders‚ community etc. * Management Actually speaking‚ management plays a vital role in the organization and usually
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ETHICS WITHOUT STAKEHOLDERS Joseph Heath Abstract: One of the most influential ideas in the field of business ethics has been the suggestion that ethical conduct in a business context should be analyzed in terms of a set of fiduciary obligations toward various "stakeholder" groups. Moral problems‚ according to this view‚ involve reconciling such obligations in cases where stakeholder groups have conflicting interests. The question posed in this paper is whether the stakeholder paradigm represents
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Contingency Planning Kimberlea Penney AIU Online February 10‚ 2013 Prof. R. Rodriguez ABSTRACT Contingency planning is an effective back up plan to any situation that requires an alternative course of action for the outcome of a common goal. There are several steps involved in contingency planning and these steps prepare for the strategic planning process to come to full effectiveness for a facility. A full plan for a facility allows for immediate resolutions for managing and addressing the
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Hospitals and long-term facilities Coretta Bradley Dr. David Tataw Health Services Organization – HSA 500 August 7‚ 2011 Hospitals and long-term facilities Hospitals can be defined as a facility that sick or injured persons are given medical treatment. Whereas long-term facilities provide rehabilitative‚ restorative‚ or continuous care to persons whom need help with day-to-day activities. Throughout this paper‚ the difference between non-profit and for-profit hospital will be described
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under efficient operating conditions absorption costing all manufacturing costs are assigned to products: direct material‚ direct labour‚ variable and fixed manufacturing overhead acceptable quality level (AQL) the defect rate at which total quality costs are minimised account classification method (or account analysis) the process in which managers use their judgement to classify costs as fixed‚ variable or semivariable costs accounting rate of return (or simple rate of return‚ rate of return on assets
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Week 4 Hand in assignment Project planning is intended to structure a foundation for the execution and control phase of a project. When a project is properly planned out project success usually becomes imminent (Zwikael‚ 2009). Evidently‚ the importance of planning is illustrated in the article: “Benchmarking of project planning and success in selected industries” by (Zwikael & Globerson‚ 2006) as it indicates the evaluation of project planning quality across several different industries. In
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A PROJECT REPORT ON MAN POWER PLANNING FOR SANCHETI INSTITUTE OF ORTHOPAEDICS AND REHABILITATION SUBMITTED TO UNIVERSITY OF PUNE PARTIAL FULFILLMENT OF 2 YEARS FULL TIME COURSE MASTERS IN BUSINESS ADMINISTRATION (M.B.A) SUBMITTED BY K.RAJANI BALA (BATCH - 2005-2007) VISHWAKARMA INSTITUTE OF MANAGEMENT PUNE.48 1 ACKNOWLEDGEMENT Any project is never an individual effort; it is contributory of many hearts‚ hands and brains. I sincerely feel that the credit of the project work could
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