Thursday, August 15, 2019
Do Large Business Have an Affect on Small Business Essay
Considering the normative statement that both large and small businesses should follow the same ethical and moral standards, this paper analyzes the perceptions of individuals based on the relative ethical behavior of small business as compared to large business. The study of ethics focuses on the differences between what is right and what is wrong in society which affects both small business and large business due to their obligation to the public and their stakeholders. Both entities are guided by the same standards and both are expected to meet all legal regulations and ethical standards. The analysis employs surveys to gauge the publicââ¬â¢s perceptions of the ethical decision making by management in both small business and large business. The survey also analyzes the role of those ethical decisions within scenarios and their impact on the individualsââ¬â¢ patron behavior in small business as compared to large business. Statistical analysis has been utilized to test the authorsââ¬â¢ overall hypothesis that the public is generally less concerned about ethical decision making of small business relative to large business. The implications of these findings for both large and small businesses are provided with the analysis and suggestions to correct the disparity between both entities. Introduction During the past decades it has been evident that ethics has become the hot topic in business. However, much of the talk is not comprised of all types of business it involves primarily the large corporations. Large corporations such as Enron have caused much grief to those around them and everyone that they employed. Due to this reason regulations such as the Sarbanes- Oxley Act have been enforced to hold large businesses accountable. While these regulations have focused solely on large corporations, efforts to regulate small businesses have been small. It is estimated that small businesses make up over 80% of all business in the United States of America. That is a huge sector which is unregulated due to its size. While the adverse actions of each entity do not do great harm to the economy; the cumulative damage of all components of the group could have devastating impacts on the general economy. Literature Review Businesses today are completely different than the businesses of years past. Today, business ethics has become an area of great concern in both corporate culture and academia. Companies such as WorldCom and Enron have caused people to reevaluate philosophy and business. Ethics can be defined by the morals that people and companies hold. Although internal and external forces influence businesses, there are three issues that affect issues in business. These three issues are systematic, corporate, and individual. To truly understand each factor one has to understand how each of these issues differs and how they influence the business itself. Systematic issues analyze ethical values in economic, political, legal, and other social systems in which the business operates (Velasquez, 2006). An example of this would be a question of morality about the current laws pertaining to accounting systems. Laws influence the actions of people because they stem through consequences with the local or federal government. People tend to be scared of a higher authority more than self punishment. 2010 Small Business Instituteà ® National Conference Proceedings Vol. 34, No.1 ââ¬â Winter 2010 293 The second factor is corporate issues which are issues of morality of internal activities such as policies, practices, and organizational structure (Velasquez, 2006). Corporate issues are based on corporate cultures. If a company treasures capital gains more than human capital the company would then lay off employees to save money. On the other hand, a company that treasures its employees is more likely to take a cut and keep their employees. To say that one company is more ethical because of their decision lays in a companyââ¬â¢s moral standards. The idea of moral standards stems from the third type of issue which is the individual issues. Individual issues are issues that are based on individuals within a company along with their behaviors and decisions (Velasquez, 2006). This includes the moral standards of individuals. Moral standards are standards that are set by the individuals themselves and by no other governing body. Hence, each individual has a right to stand for what they believe in. It may be simple to take these three factors and state that this is common sense information; however, it is just as complicated to say that there can be one rule that can apply to every situation that is similar. In cases where individual morals differ from those of corporate or systematic, it is easy to assume that one would no longer pay attention to their place of business or the entity that is different. However, humans are prone to being victims of society and need to supply for their family. Knowing that something unethical is occurring at a place of business does not mean that the person will just walk away whether they have worked in small or large firms. Decisions of a business affect all tiers of the organizational structure which in turn affect the lives of all stakeholders of the company. Therefore, ethical standards have risen due to the current corruption in many large businesses. News reports of Nike and Merck have grabbed the attention for case studies and have become the top selling stories. The news ran the stories that exposed the fragile nature of the corporate worked to their affect on the countryââ¬â¢s economy. Due to the global impact of large corporations the publicââ¬â¢s eye is primarily on large businesses; however, ethical issues arise in small businesses as well. Lisa Miller states that small businesses ââ¬Å"were overlooked when Wall Streetââ¬â¢s mega-scams and scandal came to light (Miller, 2003). For people that analyze and teach ethics ââ¬Å"business ethics have almost invariably concerned the doing, indeed generally the misdoings, of large companies (Quinn, 1997).â⬠Quinn noted that in the late 20th century there has been an increase in the economic activity of small businesses (Quinn, 1997). He states that not only do the managers have to be observed so do the employees. The employees have want approval of their peers which is also accepted by the manager/owner (Quinn, 1997). In large businesses it seems easier to separate you personal ethics from businesses ethics. In small businesses the relationship with oneââ¬â¢s coworkers becomes a sub-family relationship making it that much harder to make ââ¬Å"ethicalâ⬠decision. The overall factors that influence business ethics derive from personal ethics and how those ethics affect others. Miller points out that it is an assumption that small businesses do not need a code of ethics however, they have a bigger temptation to b involved in ââ¬Å"dubious business practices (Miller, 2003). 2010 Small Business Instituteà ® National Conference Proceedings Vol. 34, No.1 ââ¬â Winter 2010 294 In Mark Schwartz essay A Code of Ethics for Corporate Code of Ethics, Schwartz finds that over ninety percent of large corporations have a code of ethics (Schwartz, 2002). He concluded that there a six universal moral standards in four different sources. The moral standards that he looked at included trustworthiness, respect, responsibility, fairness, caring, and citizenship (Schwartz, 2002). Due to these criteria Schwartz states that a code of ethics should be constructed on factors that could be audited. His study provides a normative foundation for evaluating a corporationââ¬â¢s code of ethics. In a 1981 an article by Brown and King analyzed the influences and perceptions of small business ethics. In their foundational work Brown and King realized the disparity in public awareness between small business ethics and large business ethics. Brown and King surveyed a small group of individuals consisting of ââ¬Å"small businessâ⬠respondents and ââ¬Å"otherâ⬠respondents who were mostly employed by large corporations. Brown and Kingââ¬â¢s research sought to answer three questions. First, the research asked ââ¬Å"How high are the ethics of small business people perceived to be?â⬠Second, ââ¬Å"Compared to others, what causes the behavior of people in small business to be more or less ethical?â⬠Finally, ââ¬Å"What are the prevailing small business attitudes concerning ethical issues?â⬠(Brown and King, 1981). Brown and King found that there was a surprisingly small difference in the responses between the two subgroups of respondents. The research conducted by Brown and King examined the perspectives of those in the various sized business. The research left a gap in the general publicââ¬â¢s perceptions of the ethical actions between large and small business. The Center for Business Ethics surveyed Fortune 1000 industrial and service companies to see how they have instilled their ethical values to compare their results from the study they performed in the mid 1980s. Their survey showed some progress but, not enough (Center for Business Ethics, 1992). Ethical standards fall in line with legal regulations. Sandra Malach, et al. believe that incorporating legal planning into business planning to avoid legal issues and to protect the businesses most important assets (Malach, Sandra et al, 2006). While legal action is important it is important to focus on consequences in a workplace outside o f the any punishments. To further analyze ethical dilemmas it is important to observe the consequences at a workplace. One consequence that business can apply is a zero tolerance policy in a workplace. This ethical dilemma is especially interesting when applied in a small business setting, and contrasted with techniques applied in large corporations. The ethical compass of the theory for the zero tolerance policy is Kantââ¬â¢s Categorical Imperative. Kantââ¬â¢s Categorical Imperative is defined by the rule that people should ââ¬Å"Act in such a way that you treat humanity, whether in your own person or in the person of any other, always at the same time as an end and never merely as a means to an end (Stanford, n.d.).â⬠Kantââ¬â¢s Categorical Imperative is a very restrictive rule to live by and cannot practically be applied to everyday life. However, when discussing ethical dilemmas in the workplace, the Categorical Imperative should not be overlooked. The Zero Tolerance Policy embodies the Categorical Imperative in the sense that everyone must ask himself/herself whether they would be willing to have the same behavior applied to them if the roles were reversed. In the business setting the Categorical Imperative has a special value; it helps mitigate moral hazard. 2010 Small Business Instituteà ® National Conference Proceedings Vol. 34, No.1 ââ¬â Winter 2010 295 Moral hazard was once described as ââ¬Å"a situation in which a party is insulated from the consequences of its actionsâ⬠¦Thus protected, it has no incentive to behave differently (Ahrens,2008).â⬠In the business setting, moral hazard can be devastating to the culture of the company and can eat away at the profit margin. Consider an employee who is discovered to be ââ¬Å"moonlightingâ⬠or working an untaxed second job during hours in which the employee should be giving full attention to their actual job. This behavior may seem harmless and may only warrant a verbal warning, but when the other employees discover how easy it is to get by with unethical behavior they are incentivized to act unethically. This slippery slope scenario results only in the necessary termination of the unethical employee. When an employer establishes that unethical behavior will not be tolerated the result is the strengthening of the corporate culture and the avoidance moral hazard. However, this scenario might work differently in a small business. In a small business the cost of a zero tolerance policy can be devastating. The costs associated with replacing an employee in a large corporation is easily spread across the entire entity as a fixed cost of doing business; this is not the case in the small business. The employer-employee relationship in the small business, by nature, is more flexible and more personal. This flexibility can allow for a more informal agreement, between management and employees, to be made. Finding a ââ¬Å"win-winâ⬠solution allows for Kantââ¬â¢s Categorical Imperative to be upheld and moral hazard can be avoided. In a large publically traded company this kind of arrangement cannot be made because not all of those who are residual claimants (owners) can be spoken for. In the large publically owned company the zero tolerance policy should be followed, but in a small privately owned company a modified zero tolerance policy can be applied. Kantââ¬â¢s Categorical Imperative can be a useful tool when designing corporate policy in publically traded companies. The zero tolerance policy should be applied in publically traded companies. In addition, Kantââ¬â¢s Categorical Imperative should still be applied to design a modified zero tolerance policy in small private companies. To solve the issue of what the zero tolerance policy entails, the company needs to implement a code of ethics in their organization. Eberhard Schnebel and Margo A. Bienert state that a code of ethics strengthens an organizations success therefore improving the overall value of the company (Schnebel & Bienrt, 2004). The value that is added is the publicââ¬â¢s perception that the business is there to benefit the community. L. Spence studied a similar phenomenon as this essay explores. In a 1999 study L. Spence found that there is a lack of information on any correlation between small businesses and their ethical standards. The reason for this is because small firms receive little attention by the media which makes them a quick oversight (Spence, 1999). Four years later L. Spence wrote an editorial with R. Rutherfoord to explore the sociological perspective in the field of ethics (Spence & Rutherfoord, 2003). Due to these two studies we have been motivated to explore the issue further and gain insight on why there is a lack of information on the issue. 2010 Small Business Instituteà ® National Conference Proceedings Vol. 34, No.1 ââ¬â Winter 2010 296 Hypotheses As discussed earlier, the objective of this pilot study was to examine the differences in respondentsââ¬â¢ perceptions of ethical dilemmas and ethical standards in small business as compared to large business. In order to facilitate the primary research objective the following working hypotheses were formed: H1: The size of the business will have no impact on consumersââ¬â¢ shopping decisions when ethical dilemmas are present. H2: The size of the business will have no impact on the actions of employees when ethical dilemmas are present. H3: The size of the business will have no impact on the respondentsââ¬â¢ perception of the incentives associated with acting ethically. H4: In general, respondents believe that small businesses should be held to the same ethical standards as large corporations. These hypotheses are based on the supposition that individuals will be more lenient or forgiving of the shortcomings of small businesses relative to their large counterparts. Methodology The study was initiated with the creation of a preliminary (alpha) survey. The alpha survey resulted in fourteen respondents and was conducted by means of convenience sampling. The alpha survey was a paper based survey consisting of thirteen questions. The survey included demographic questions as well as analysis questions. There were mixed results on the alpha survey mostly due to the confusing survey design associated with strict time constraints. While the alpha survey did not provide sufficient data, it was useful as a tool in the creation of a secondary (beta) survey. The beta survey instrument consisted of two separate surveys. One survey was specific to small business while the other was specific to large business. The surveys were created and distributed electronically using Survey Monkey. The goal for the beta survey was a total of 100 respondents for each survey resulting in an overall total of 200 respondents. The small business survey yielded 105 useable returns, a 94.6 percent return rate. The large business survey yielded 107 useable returns, an 84.3 percent return rate. Each survey included five common demographic questions, two common questions pertaining to ethics, and eight questions relating specifically to either small business or large business. The survey was distributed broadly across various social networking sites and throughout the Christopher Newport University community. Due to time and budgetary constraints the beta survey consisted mostly of opportunity sampling and snowball sampling. The authors recognize the drawback of an opportunity sample; however, the research question in this pilot study can be adequately answered using this technique. The analysis questions on both the small business and large business surveys consisted entirely of binomial data. The respondents were limited to either ââ¬Å"Yes or Noâ⬠or ââ¬Å"I agree or I disagree.â⬠For the purpose of testing the hypotheses (H1, H2, and H3) statistical analysis will be used to measure the difference between the proportions of the two samples. For the final hypothesis (H4) the analysis will simply state the overall proportion of respondents in both surveys who answered favorably and interpret the results. Hypotheses H1, H2, and H3 will be tested at à ±=.10, à ±=.05, and à ±=.01 levels of significance.
Five Goals of Punishment Essay
The five traditional goals of punishment are the following retribution, deterrence, rehabilitation, restoration and incapacitation. Each of these punishments reflects features of criminal punishment. In the retribution goal the punishment is imposed by a sentencing judge. It is intentionally given as way to get back at the offender and offer some closure to the victim. The offender is given notice and an attorney is made available. The punishment to the offense is thought to be equal to the offense. Punishment is imposed to the offender in the form of a fine, imprisonment or probation. As a result the offender can spend a good part of their life in prison. Penalties are not sought for their own sake, because this is not the era of retribution; rather they are meant to be corrective by being conducive either to the reform of the sinner or to the good of society, which becomes more peaceful through the punishment of sinners (Mahoney, 2007). Deterrence is used as a tool to prevent others from committing similar crimes. The sentencing judge overemphasized protection of the public, denunciation and deterrence (Thomas, 2007). In this case the judge will imposed sentence and make it clear for others to see that if they do the crime, they will also have to do the time. The principal sentencing purpose in vigilante justice cases like this must be general deterrence. While the prisoner may have learned his lesson, other people out there need to learn the lesson that the justice system is the proper forum for people taking responsibility for what they have doneâ⬠(Herald, 2007). Punishment will for the most part be equitable to others who committed. It is not imposed on the person who committed the crime it is aim to others who are thinking on committing a similar crime. The Rehabilitations goal is to reform the criminal offender the punishment is imposed by a judge who believes this person can be rehabilitated. The idea behind rehabilitation programs that impact on criminals live in positive ways. (For example) they have residential programs that help to shelter runaways and spend time turning their lives around. In terms of issues, whatever crime they committed, the intake screener has to evaluate ità properly (Hoping to, 2008). Punishment is imposed on the offender as an opportunity to turn their life around. In this case the punishment can provide a pleasant result if successful. The Restoration goal is to make the offender and the victim whole again. The punishment is imposed by a sentencing judge. The punishment is imposed according to the offense in most cases it consists of fines, restitution and community service. This program involves a two-pronged approach: law-enforcement agencies and prosecutors cooperate in ââ¬Å"weeding outâ⬠violent criminals, and public agencies and community-based private organizations collaborate to ââ¬Å"seedâ⬠human services and restoration programs (Kay, 2008). The punishment is imposed to the offender in some cases they are order to pay installments to the victim. In this case the punishment can result unpleasant depending on the attitude of the offender. The incapacitation goal is to prevent the offender from committing future offenses. By incarcerating the offender they reduce the likelihood of a reoccurring offense. Punishment is imposed on the offender who committed the criminal offense. Jail or prison definitely provides an unpleasant consequence. Refereence Herald, S. (2007). Prison sentence for Fairlie man :[2 Edition]. Timaru Herald,p. 5. Retrieved from ProQuest Newsstand database. HOPING TO TURN LIVES AROUND Series: TIMES STAFF WRITER :[SOUTH PINELLAS Edition]. (2008). St. Petersburg Times,p. 3B. Retrieved from Business Dateline databaseKay, L. (2008). JPD harvesting fruits of labor. McClatchy ââ¬â Tribune Business News. Retrieved from Business Dateline database. Mahoney, J (2007). Putting the death penalty to rest ; How religion shapes our opposition to capital punishment. The Record,,p. O01. Retrieved from Business Dateline databaseThomas, M (2007). Reduced sentence for man behind string of robberies :[Final Edition]. Coquitlam Now,p. 10. Retrieved from Canadian Newsstand Core database.
Wednesday, August 14, 2019
Censorship and Classification in Australia - Free Samples to Students
Australia ranks 19 th in the world censorship ranking (Rsf.org 2018). This reveals the fact that the Australian media tends to censor a lesser amount of media that is circulated within the country. The public media of the country is very strong and is majorly managed by the two main media groups, Fairfax Media and the News Corporation (Freedomhouse.org 2018). The Australian government tends to allow more freedom to the press. China ranks 176 th in the world censorship ranking and does not allow much freedom to the press media (Rsf.org 2018). The Chinese government tend to pose a huge number of threats to the freedom of the press media and tends to put a huge amount of restriction on the various news that might get published in the press media. The journalism in China tends to be regulated by the government on the basis of the various regulations that deal with the state secrets and thus tend to be harmful for the future of the country. China is one of those countries that implement very strict censorship rules (Theguardian.com 2018). The following essay deals with the comparative study of the media censorship in the countries of Australia and China with a major focus on the various arts, music and the magazines that are censored in the countries. Both the countries, Australia and China, tend to censor the pieces of art that might be referred to as holding the content that might go against the standards that are set by the rules of the country. The countries seem to censor the materials on the basis of the age of the residents who have been viewing the same. The concerned authorities tend to ban the exclusive and the dark materials that might be depicted in any art form. The censored materials in both the countries might include the forms of the art that might depict sexually explicit content as well as the content that might display extreme violence. The Chinese censorship laws tend to be stricter than the censorship laws that are practised in Australia. The Chinese government tends to implement the various censorship laws on the circulation of the art forms within the country. The Chinese government tends to put ban on any art form that might prove to be a threat to the national integrity of the country. The bans imposed by the Australian government are mainly observed in the instances wherein the content displays the use of violent and explicit content. In case of the Chinese government, however, the censorship is done on the basis of the threat posed and thus might include all types of the art forms that are imported from the various foreign lands all over the world. The countries Australia and China impose censorship on the various music albums and other musical productions in cases wherein the content of the music tends to be explicit for circulation among the residents of the country. The Australian censorship board like its Chinese counterpart exercises a ban on the music under the conditions wherein the content of the music might be in strict disagreement with the laws of the country and the sentiments of the residents (Musicinaustralia.org.au 2018). The musical pieces might be banned by the countries if they do not comply with the terms in the laws of the country or might prove to be demeaning for a certain section of the residents of the country. The Chinese censorship laws for the musical items in circulation among the residents of the country tend to be stricter than those that are implemented by their Australian counterparts. The Chinese government is known to have imposed a ban on the musical pieces that tend to portray a criticism of the concerned government. The Chinese government, unlike the Australian government, tends to put a censorship on the circulation of the musical compositions that point at the political affairs of the state. The Chinese government is also reported to have put a partial censorship on the musical album X by the Australian singer Kylie Minogue and to have permitted the release of the album un the country only after three songs were removed from the concerned album (Osnos 2018). There are found similarities among the censorships that are implemented by both the Australian and the Chinese governments in the matters pertaining to the censorship of the various internet sources. The countries enforce a ban on the various websites that display any kind of unwanted content or the content that is not suitable for viewing by the children. The censored websites might include those that might put forth gruesome, violent and explicit content. The Chinese Government unlike their Australian counterparts have deemed certain websites to be potentially dangerous for the members of the country. The various websites are Facebook, Wikipedia, Twitter, some of the services by Google and YouTube. The Chinese government tends to put either a permanent ban or a temporary one on these websites during the various critical conditions that might occur within the country (Cfr.org 2018). The Australian Government however does not instill huge controls over the social media handles that exist within the country. The citizens enjoy their freedom of expression over the various social media handles and even use the same to bring a certain occurrence to the limelight (Aph.gov.au 2018). In lieu of the above discussion, it might be stated that there are major dissimilarities between the censorship that is used by the concerned governmental bodies that have been operational in the countries. The censorship laws that are practiced by the governments of Australia and China tend to vary from each other in all the areas that are included in the media. The censorship in case of the media on the internet is a practice that is observed to be followed by all the countries in the world and is thus considered to be a usual occurrence in the countries of Australia and China, the two countries that have been considered in the above composition. It might be safely concluded that though both the countries exercise the media censorship laws, the laws that are implemented by China are stricter than those implemented by Australia. Aph.gov.au 2018.à Censorship and Classification in Australia ââ¬â Parliament of Australia. [online] Aph.gov.au. Available at: https://www.aph.gov.au/About_Parliament/Parliamentary_Departments/Parliamentary_Library/Publications_Archive/archive/censorshipebrief [Accessed 6 Mar. 2018]. Cfr.org 2018.à Media Censorship in China. [online] Council on Foreign Relations. Available at: https://www.cfr.org/backgrounder/media-censorship-china [Accessed 6 Mar. 2018]. Freedomhouse.org 2018.à Freedom of the Press 2017 | Freedom House. [online] Freedomhouse.org. Available at: https://freedomhouse.org/report/freedom-press/freedom-press-2017 [Accessed 6 Mar. 2018]. Musicinaustralia.org.au 2018.à Freedom of Expression - Music in Australia - Knowledge Base. [online] Musicinaustralia.org.au. Available at: https://musicinaustralia.org.au/index.php/Freedom_of_Expression [Accessed 8 Mar. 2018]. Osnos, E. 2018.à Opinion | Chinaââ¬â¢s Censored World. [online] Nytimes.com. Available at: https://www.nytimes.com/2014/05/03/opinion/sunday/chinas-censored-world.html [Accessed 8 Mar. 2018]. Rsf.org 2018.à Australia : Surveillance threat | Reporters without borders. [online] RSF. Available at: https://rsf.org/en/australia [Accessed 6 Mar. 2018]. Rsf.org 2018.à China : Worldââ¬â¢s leading prison for citizen journalists | Reporters without borders. [online] RSF. Available at: https://rsf.org/en/china [Accessed 6 Mar. 2018]. Theguardian.com 2018.à The world's most censored countries. [online] The Guardian. Available at: https://www.theguardian.com/commentisfree/2006/may/04/pressfreedom [Accessed 6 Mar. 2018].
Tuesday, August 13, 2019
Moral and learning development in children Essay
Moral and learning development in children - Essay Example According to Piaget, the moral makeup of a child is a product of his/her own conception and understanding of the world. This view is contrary to the conventional view that children are taught what is right and wrong by parents and teachers. While moral preaching inevitably goes on, children made moral judgments based on their own observations of their environment. Further, morality is a product of interaction with peers and authority figures do not influence it much. Key moral concepts like fairness, equality, justice and mutual reciprocity were all largely constructed through their interactions with other children. Moreover, as per Piagetââ¬â¢s definition of morality, contemporaneous social norms do not matter much to children, but instead morality comprises of universal, generic principles. Of course, while these tendencies are evident during early childhood, the nature of moral development matures and becomes more sophisticated as they grow up. Lawrence Kohlbergââ¬â¢s work m odifies and refines several of Piagetââ¬â¢s theses. Kohlberg noted that the moral evolution of children is a lot more gradual and complex than what Piaget had proposed. Kohlberg identified a total of six stages of moral development, grouped under three major levels. Each of these levels represents a fundamental shift in the social-moral understanding of the individual.
Monday, August 12, 2019
The potato chip industry Essay Example | Topics and Well Written Essays - 1000 words
The potato chip industry - Essay Example The change in the market structure of the potato chip industry will have a few effects upon the stakeholders. A monopoly market structure tends to risk the freedom of the consumer, but businesses can enjoy the advantages of a pure monopoly while at the same time protecting the consumer from subsequent exploitation characteristic of a monopoly. Characteristics of a Competitive Monopoly A monopoly competition is characterized by a number of distinct values. Normally, there exists a number of small businesses that produce identical goods but with minimal differences. These small firms end up having competition for their products in the market. Some of the hurdles that entrants of a business line or an industry experience include barriers involving government policies, creation of demand for products, research and development costs, and start-up and so on. However, in the case of a competitive monopoly, the firms involved do not have experience these (Ackerman, Goodwin & Weissskopf, 2009 ). Due to the demand created for their products. More often than not, demand exceeds supply for the product in question and therefore the business try to compete for a larger share of available demand. In relation to this, the potato chip industry had a monopolistic competition for their products before the lawyers came and took over the industry. The market structure for the potato chip industry experienced minimal price control due to the reason that it was a competitive monopoly. Effects of Pure Monopoly to the Stakeholders Every business has a number of stakeholders, who may have interest in the company due to one or more reasons. The stakeholders of any company include, but are not limited to consumers, suppliers, government, creditors and owners/shareholders. A pure monopoly market affects the stakeholders in different ways depending on the benefits that they attain from their relationship with the company (Hall & Liberman, 2001). When the two lawyers bought up the entire indu stry, they wanted to be able to exercise pure monopoly in the potato chips industry in Northwest region. Particularly being the sole owners of the entire industry in the region, the partners are able to enjoy price control to the detriment of the consumers of this product. This way they can maximize their profits. The consumers of the potatoes in the Northwest region will have several major adverse effects from the monopolistic practices of Wonk Company. Firstly, the prices of the potato chips will shoot up meaning that the consumers will spend more for the same products that were once affordable. For the reason that Wonk Company does not experience competition, it is possible that the products will decline in quality and as a consequence the consumers will suffer the effect. The suppliers from whom the potato chip businesses bought their products will also experience a hit. Wonk Company will attempt to practice price control of the products that they acquire from their suppliers. A s a result, many of the suppliers such as farmers will have to look for alternative markets for their potatoes. Otherwise, Wonk will buy the products at low prices and farmers will suffer the effects of the monopolistic market. Impacts of Monopoly on Prices, Output and Efficiency Davies puts forward the fact that
Sunday, August 11, 2019
Research Notetaking Assignment Example | Topics and Well Written Essays - 1000 words
Research Notetaking - Assignment Example to more readily irrigate land in Mexican territory- in 1904 the company excavated a more direct opening at a site a few miles south of the California/Mexico borderâ⬠(Wiltshire, Gilbert and Rogers 2) Jackson relates that the roots of the Hoover Dam project stretch deep into a long-term goal by the private sector to secure the irrigation of the Imperial Valley in the southern section of California. These efforts can be traced back to the 1900ââ¬â¢s, when such irrigation aims became central to the existence of the Colorado Development Company. The successful early efforts resulted in a large tract of the Imperial Valley being nicely irrigated. There were problems however with canal siltation, even when the valley was being successfully irrigated, so that the firm had to redouble its efforts building another canal on top of the original canal that tapped the Colorado River and connected the valley to it (Wiltshire, Gilbert and Rogers 2). ââ¬Å"Constructed in the 1930s, the concrete arch-gravity structure was intended to prevent flooding as well as provide much-needed irrigation and hydroelectric power to arid regions of states like California and Arizona. It was originally known as Boulder Dam, but was renamed in 1947 in honor of Herbert Hoover, who as U.S. secretary of commerce and the 31st U.S. president proved instrumental in getting the dam built. At 726 feet high and 1,244 feet long, Hoover Dam was one of the largest man-made structures in the world at the time of its construction, and one of the worlds largest producers of hydroelectric powerâ⬠(A&E Television Networks). The History Channel notes that the Hoover Dam was originally named Boulder Dam, but that in 1947 the dam was renamed to honor the late President Edgar Hoover. Hoover was also US Commerce Secretary, and it was Hoover who was credited with having done a substantial part of the work to erect the iconic structure to the benefit of the people of states like Arizona and California. For those states,
Saturday, August 10, 2019
Oppression and power within diversity and inclusion Essay
Oppression and power within diversity and inclusion - Essay Example The concept of oppression and power within educational systems and from social stigmas create different expectations within society. Specifically, there is a sense of oppression and power that is based on creating and defining boundaries and expectations among specific identities. While the forms of oppression come with associations from race, class and gender, there are also more subtle forms of oppression which I have noted among the classroom and those that are categorized according to various formats. For the terms and conditions of oppression and power to change, a different concept of power needs to be formed. This is based on changing characteristics of leadership while redefining both personal and institutional powers that lead to forms of oppression while creating a sense of diversity and inclusion. The concept of oppression and power is one which is formed with a sense of lacking equality among groups. Specifically, there is social stratification that takes place among grou ps and which creates an imbalance among groups that hold a specific identity. The problem which arises is one that is based on social and institutional powers that combine to change the lack of justice and equality among groups while defining and creating boundaries that are accepted among groups at higher levels. As this moves into the individual mannerisms, it begins to create social stigmas and formats of how one should behave and approach others. The dividing lines then begin with the powers of those who define the institutional and social powers that are unequal and lead to individual behaviors that continue with this particular problem (Sensoy & DiAngelo, 2012). While the power of oppression has led to institutional and social alterations, there is also an understanding that the group and individual powers have altered with the understanding that this needs to change. The result has been a backlash in the format of oppression and power. This has led to a sense of deculturaliza tion within institutions. Not recognizing differences or identities has become one of the growing trends, specifically with promises for equality and justice that have become more important. This particular concept is based on changing the levels of education and development within society while creating even more value to the educational expectations among those that are receiving an education (Spring, 2006). The backlash that has been taken with oppression and power is one which I have found to not create consistent efforts for change. The first problem is that many within social orders still recognize the identity differences. At the same time, many teachers and administrators continue to exercise a sense of oppression by labeling others in a different way, such as through learning systems. The concept of inclusion by trying to not notice the culture within a classroom is creating even more difficulties with developing a sense of inclusion from other formats. While the concept of deculturalizaation works at an institutional level to form policies while creating gaps within the system at a social level, others are formatting different responses which are expected to alter the educational system and the sense of oppression or inclusion. The recognition and trend has moved from not recognizing culture and focusing on equality into one which is based on the multicultural classroom. The initiative which this is creating is one which is based on understanding the different levels of diversity while noticing that there are differences between each student based on various cultures and formats. This particular application is one which demands equality but at the same time recognizes a sense of diversity is required for those that are within the classroom. This is continuous with trying to define the identity and behaviors while welcoming the diversity that is within the school system and which is a part of the main format for those that are working at an institutio nal level (Pang & Shimogori, 2011). It is the format of believing in multicultural
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