business is to increase the profit for its shareholders – discuss ’. First I am going to explain the role of shareholders and how they affect the decision making of businesses. I will then discuss other stakeholders and the responsibilities that the business ‘owes’ to them. I also plan to look at examples of real life businesses that have made decisions based on the different stakeholder’s needs and wants and compare this in terms of ethical theories. Shareholders are just one form of stakeholders that
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developed since. There are three that best represent the key perspectives in this matter; Friedman’s Shareholder theory‚ Freeman’s Stakeholder theory and Heath’s Market Failure Model of business ethics (Heath). Each of them is the pillars of which many other theories are based on but have very different and opposite views. The Shareholder theory suggests that manager has fiduciary duties to the shareholders only and must maximize profits as long as the law permits. The Stakeholder theory on the other hand
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Creating Documents With Mail Merge Everything you need to know about mail merge is here -- from creating mail merge data sources from within your word processing software to using outside sources for your mail merge. Now is a great time to explore the options that this excellent feature offers. Inserting a Date Field in Your Document Inserting the date as a field in your document will ensure that the date on the letters you send is always current. This feature is particularly useful for templates
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Present value is where the value on a set date of a future payment is discounted to reflect the time value of money and other factors. This can also apply to a series of future payments. Present value calculations are commonly utilized in business and economics to provide a way to compare cash flows at different times. Present value can be described as the current worth of a future sum of money or stream of cash flows given a specified rate of return. (http://www.getobjects.com) Future cash flows
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VALUE LINE PUBLISHING‚ OCTOBER 2002 Teaching Note This case follows the performance-review and financial-statement-forecasting decisions of a Value Line analyst for the retail-building-supply industry in October 2002. The case contrasts the strong operating performance of Home Depot with the strong stock-market performance of Lowe’s. Students examine a financial-ratio analysis for Home Depot that acts as a template to generate a comparable ratio analysis for Lowe’s. The students’ ratio
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Value creation Amber’s part Business Model Peter Drucker indicates that a good business model can position their customers appropriately‚ and define what does the customer value. A business model is used for creating value as well as appropriating value. Identifying the business model could be helpful for getting deep understanding of the company and identifying the risks hided in operation process. Researchers showed that business models can be divided into two categories‚ which involves the business
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ECONOMIC VALUE Hong Kong prides itself as an open and international city with a level playing field for all. If we really want to be a world class city like New York‚ London or Toronto‚ we would need to demonstrate our tolerance and be receptive of people coming from diverse backgrounds. Literally we need to put our money where our mouth is‚ not just pay lip service to it but guarantee it by law. Hong Kong is a very multiracial society. We have many kinds of Chinese alone: Hong Kong Chinese‚ Mainland
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that nature failed to give. One of these things is culture. According to the book “Anthropology: The Human Challenge”‚ culture is “a society’s shared and socially transmitted ideas‚ values and perceptions‚ which are used to make sense of experience and generate behaviour and are reflected in that behaviour.” To simplify‚ culture is the customs‚ arts‚ social institutions‚ and achievements of a particular nation‚ people‚ or other social group. (Culture) How can we say that a certain trait is a cultural
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balance of the rights of majority and minority shareholders is essential for the smooth functioning of the company.”- Explain & Illustrate? 1. Introduction: The basic principal relating to the administration of the affairs of a company is that “the will of the majority is supreme”. The general rule is that the decisions of the majority shareholders in a company bind the minority. 1 In a world that recognizes ‘simple majority rules’‚ minority shareholders of companies are by default vulnerable to oppression
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organizational‚ and cultural values affect decision making in my personal and professional life. My cultural‚ organizational and personal values represent my beliefs and traditions of my cultural environment. Through my research‚ I examined values and based them on how important they are within my personal‚ organizational‚ work‚ and cultural lifestyle. Based on the research‚ I came to the conclusion knowing the foundational elements of individual behavior can be very rewarding. Values do not act individually
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