Sinclair s The Jungle And Schlosser s Fast Food Nation

Despite almost a century separating two publications on the meat industry in the United States, the works of Upton Sinclair and Eric Schlosser contain eerily similar accounts in attempt to expose the dangers behind our food. These shocking revelations exposed by Sinclair and Schlosser have forever changed the way our nation views its food. Sinclair s The Jungle and Schlosser s Fast Food Nation discuss the topics of factory conditions and their safety, prevalence of immigrant workers, the conditions of animals and their health, and the corruption behind large corporations and the federal government. These overwhelming similarities have caused Schlosser to be compared to his predecessor Sinclair. Although each reading contains many similar elements, Sinclair and Schlosser had different intentions for the public reaction to their works. In The Jungle and Fast Food Nation, the conditions and safety of the factory was portrayed in different aspects. Sinclair s motive behind the writing of The Jungle was for the public to see the lack of safety and poor conditions the workers faced. Workers in the meatpacking industry during the early 1900s were subject to inhumane and brutal treatment including small pay, severe injuries, and even death. Workers were there for long hours with little compensation for risking their limbs and lives as a result of the work. Many were covered with cuts, working in an environment filled with diseases, and without fingers from the acid exposureShow MoreRelatedEric Schlossers Fast Food Nation And The Jungle1698 Words   |  7 PagesFast food restaurants exude bright colors, distribute meals with toys, and create a sense of happiness, but what truly goes on behind the scenes of this magical industry? In Eric Schlosser’s Fast Food Nation and Upton Sinclair’s The Jungle, the authors use similar rhetorical strategies to reveal the motives and unconventional practices of the food industry. Schlosser conveys his purpose through the utilization of pathos, ethos, anecdotes and imagery as compared to Sinclair who uses historical referencesRead MoreThe Jungle, And Notified The American Public1261 Words   |  6 PagesIn 1906 Upton Sinclair wrote The Jungle, and notified the American public about the true horrors within the meatpacking industry. Almost a century later, Eric Schlosser writes a very similar piece meant to shock and notify the American Public called Fast Food Nation- The Dark Side of the All-American Meal. The greatest element these two pieces have in common is that the cause for these horrific sanitary situations, hazardous employee norms, and foodborne illness outbreaks is all due to monetary greedRead MoreComparison of the Jungle and Fast Food Nation1436 Words   |  6 PagesThe Power of Money and Greed in Society The Jungle by Upton Sinclair was published almost century ago and it showed the Americans the problems that existed in the early nineteenth century, the industrialization timeline. Sinclair’s target was the workers who were mistreated in various workplaces, such as the meat packing companies in Chicago, so that they may be treated fairly. Sinclair wanted a future society where common people (those mostly that worked at the workplaces) to form a group andRead MoreThe Slaughterhouse By Upton Sinclair And Fast Food Nation By Eric Schlosser1015 Words   |  5 Pageshave had significant advancements in today s modern world. For example, the food industry has been lacking in the basic necessities needed to sustain a safe, humane work environment, especially in the meat industry. Excerpts from The Jungle by Upton Sinclair and Fast Food Nation by Eric Schlosser elaborately explain the horrible environments inside the factory. Schlosser mainly addresses how unfit the conditions ar e for the workers, while Sinclair informs the reader of how the animals have beenRead MoreFast Food Nation by Eric Schlosser Essay1205 Words   |  5 PagesSchlosser’s book Fast Food Nation delves deep into the intricate workings of the fast food industry to expose mistreatment and cruelty towards workers in the business, just as Upton Sinclair had done in the early 1900’s regarding the meat packing industry. Schlosser is able to bring light to the darkness behind the All-American meal through extensive research and personal confrontations of which he has high regards for. Fast Food Nation is a good literary nonfiction book as a result of Schlosser using relevantRead MoreThe Most Dangerous Job Essay700 Words   |  3 PagesIn The Most Dangerous Job excerpted from the book Fast Food Nation, by Eric Schlosser, it discusses the issues of the meat packing industry in the early 1900s in the genre of fiction. It describes the factory in a grotesque manner. The meat packing industry was known as having less strict regulations compared to now. The OSHA should have more firm regulations for the meat packing industry and local restaurants. The Most Dangerous Job has a contrast of pathos to ethos and logos, to persuadeRead MoreAnalysis Of Upton Sinclair s The Jungle 2028 Words   |  9 Pagesground breaking exposà ©, â€Å"The Jungle†. On February 26, 1906 Sinclair shocked the Nation by exposing the horrors of slaughter houses and meat packing plants. Thousands of people have died from food-borne illnesses. E-coli, along with other diseases resulting from filthy food processing was revealed as the murderer. As shocking as it might have been back then, it is even more alarming to find out that conditions have not improved in the last one hundred nine years. Food-borne illnesses are still anRead MoreProposal for Research on Fast Foods Essay912 Words   |  4 PagesProposal: Change in the fast food industry (we can take a specific restaurant like McDonald’s) to fight obesity Fast food and obesity The relationship between a nations fast food consumption and its rate of obesity has been studied. Schlosser said it seems wherever Americas fast food chains go, waistlines inevitably start expanding. Schlosser argues that the North America has the highest obesity rate of any industrialized nation. More than half of all adults and about one-quarter of all childrenRead MoreFast Food Nation1133 Words   |  5 PagesFast Food Nation Fast Food Nation, by Eric Schlosser, is a stark and unrelenting look into the fast food industry that has ingrained itself in not only American culture, but in culture around the world. There is almost no place on earth that the golden arches has not entered. Aside from Antarctica, there is a McDonalds on every continent, and the number of countries that have fast food restaurants is growing on a daily basis. Schlosser describes in detail what happens behind the scenes, beforeRead MoreAnalysis Of Upton Sinclair s The Grapes Of Wrath 3839 Words   |  16 Pagesplight of the â€Å"American worker† beginning in the early nineteen hundreds include muckraker Upton Sinclair’s The Jungle and John Steinbeck’s The Grapes of Wrath. The quandaries that plague the characters of the aforementioned novels parallel that of modern day exposà ©s, such as Class Matters, by Bill Keller, Nickel and Dimed, by Barbara Ehrenreich, and Fast Food Nation, by Eric Schlosser, all of which harness and expose the falsehood of The American Dream as a result of wage slavery, class separation

The Executive Compass and Its Relation to the Good Society

The executive compass and its relation to the good society The search for a good society was of intense interest in the past and continues to be of interest to many researchers even now . Many philosophers in their own minds have coined a series of utopian views for which has been much debated in the pursuit of a good society. The major ideologies propounded by such philosophers include Liberalism, Conservatism, Socialism, Anarchism, Nationalism, Fascism, Feminism, Ecologism, Religious Fundamentalism and Multiculturalism. All of these ideologies have argued in one way or the other in support of or against either of the elements contained in James Otoole’s executive compass which includes equality, efficiency, community and liberty. In view of this, the first part of the paper seeks to highlight the many different views of the good society propounded by many political ideologies in relation to the executive compass. The second part answers why the invisible hand does not seem to be working and how the tensions between liberty and effic iency can be resolved under the invisible. Finally, the paper will analyze what I would do to contribute to the creation of a good society. Liberty Liberty is derived from the â€Å"Latin word liber which means a class of free men; in other words men who are neither serfs nor slaves and is greatly linked to the ideas of freedom and choice† (Heywood, 2012). The whole idea of liberalism is driven by the pursuit of individualism in which people areShow MoreRelatedBenefits of Managing Ethics in Workplace1141 Words   |  5 Pageshas substantially improved society. A matter of decades ago, children in our country worked 16-hour days. Workers’ limbs were torn off and disabled workers were condemned to poverty and often to starvation. Trusts controlled some markets to the extent that prices were fixed and small businesses choked out. Price fixing crippled normal market forces. Employees were terminated based on personalities. Influence was applied through intimidation and harassment. Then society reacted and demanded that businessesRead MoreMoral And Ethical Dilemmas Of The Millennial Generation And Generation Z1637 Word s   |  7 Pages Everyday is filled with decisions, justifications, good decisions, and bad decisions. Philosophers and scientists alike have debated the reason for why humans are the way they are and the morality, alongside the ethics, behind each of those reasons. Merriam-Webster defines morals as â€Å"of or relating to principles of right and wrong in behavior† and ethics as â€Å"the discipline dealing with what is good and bad and with moral duty and obligation.† Thus one sees the interconnectedness between both definitionsRead MoreCompass Box3905 Words   |  16 PagesEXECUTIVE SUMMARY Asyla Blended scotch, Oak cross malt, The peat Monster Scotch whisky’s will be prominent whisky products for people in Singapore. They are the products of Compass Box Whisky, a company operating from London with its distributors around the world. Compass Box products are known for there quality and standards. In July 2005 whisky pioneers, Compass Box, have been awarded best in class 3 times at the world’s most prestigious drinks awards, the international wine and spirit competitionRead MoreEthical Ethics Of An Ethical Corporation Is Not An Oxymoron1645 Words   |  7 Pagesproper just because you can get away with it like, an executive having an affair with another co-worker, or watching videos of funny cats, when you should be doing monthly reports on sales. Stealing and lying are unacceptable conduct in the workplace, as they are anywhere else. There is a world of difference between what you have the right to do and what is right to do. A basic workplace ethical c ode comes from the desire to benefit society and professions as a whole (Calderon, 2012). This paperRead MoreA Interview On Ethical Business Practices1556 Words   |  7 Pagesamplify productivity. Secondly, they appeal to customers to the business products, thus improving profits and sales. For the ethical business practices interview, I had the preference to interview Nemer Ziyad, the Principal of Ziyad Brothers and Executive Vice President (Allotey, 2008). Ziyad Brothers is among the nation’s largest distributors and importers of Middle Eastern and Mediterranean food yields in the country. Apparently, Nemer is the beneficiary of several awards together with the 2006Read MorePersonal Statement On Ethics And Ethics1395 Words   |  6 Pagesstarting lineup for the season. He was my best friend and I would do anything for him. However, I knew that it was morally wrong for me to lie to our trainer about his score. Not only would it have made him look bad, it would have taken away from my good reputation and made me appear untrustworthy. I could have lied and no one would have ever found out but I knew that over the long run that feeling of guilt would eventually have settled in. I decided to do what was right during this ethical dilemmaRead MoreNestle s Principles Of Business Operations1513 Words   |  7 Pagesthat everything they do in their business revolve around; Nutrition Health Wellness, Quality assurance and products safety, Consumer communication, Human Rights in business activities, Leadership and personal responsibility, Supplier and customer relations, Agriculture products, Environmental sustainability, and Water. Under each of these topics is a set of things Nestlà © follows such as, making it their core aim to enhance the quality of consumer’s lives every day, everywhere by offering tastier andRead MoreThe Constitution : An Symbol Of American Pride, Freedom, And The Hopes1515 Words   |  7 Pageshave generally reacted negatively towards the actions Congress has taken using said clause as its rationale for events over time, giving the government a vast amount of control and power. As time went on however the clause has been used for public good and has brought benefits to the people. The Necessary and Proper clause is located in Article 1, Section 8 and state states: To make all laws which shall be necessary and proper for carrying into execution the foregoing powers, and all other powersRead More Business Ethics and the 1989 Exxon Valdez Oil Spill Essay3442 Words   |  14 Pagesmoral principles or the rules of conduct recognized in respect to a particular class of human actions or a particular group. Using a moral compass should be a requirement for every CEO and executive. Any person who will have some impact on society needs to understand the difference between right and wrong. Since businesses touch such a large segment of our society, codes of ethics must be established and followed to protect the general public. In the following pages we will discuss the 1989 Exxon ValdezRead MoreEssay on Ethics2727 Words   |  11 Pagesand doing what is right. Doing what is right, is not just the obvious be good, dont lie, etc., in times of stress, these values are overlooked. With all the scandals showing up in the press, business ethics has come under scrutiny. Did these companies have a business code of ethics? If they did, were they ignored out of greed or out of confusion? Without a strong code of ethics, managers/leaders have no strong moral compass to guide them in times of crisis and confusion. Business ethics can be

Survey In Forensic Toxicology Health And Social Care Essay Free Essays

The province of alcoholism and the blood intoxicant concentration of a individual at the clip of decease can sometimes be hard to construe due to the assorted post-mortem artefacts that can change the true ante-mortem blood intoxicant concentration. The opportunity of intoxicant being produced in the organic structure after decease is a continuously encountered issue in everyday casework [ 2 ] . The status and province of the organic structure, the clip between decease and sample aggregation, the environmental conditions and besides the type of samples collected, preserved and analyzed are all of import factors that should be considered carefully during reading. We will write a custom essay sample on Survey In Forensic Toxicology Health And Social Care Essay or any similar topic only for you Order Now Under certain status ethyl alcohol can be produced after decease by agitation of glucose and due to bacterial activity [ 3,4 ] . Some illustrations in which the blood ethanol concentration at the clip of decease can be altered are: The possibility of ethanol production in the organic structure after decease or after sample aggregation due to microbic production ; If ethanol remains in the tummy after decease, the possibility is of continued local diffusion into the environing tissue and blood is raised ; In instances of caput injury which has rendered a individual unconscious for a few hours prior to decease, the blood ethanol concentration during this clip continues to diminish due to metamorphosis in the liver. Some other instances that may be debatable to cover with are instances where the organic structures are recovered from H2O in which the possibility of sample dilution can play a important function [ 2 ] . These are merely a few illustrations of the many possibilities that can change ethanol concentration and do reading of post-mortem ethanol concentration really hard. It is hence of great importance in forensic post-mortem ethanol instances to execute accurate and precise analysis for ethyl alcohol, to utilize the optimum specimen and to cognize the restrictions and significance of ethanol findings in these specimens [ 5 ] . The optimum specimen picks, aggregation site, and preservatives, every bit good as the deductions and reading of ethanol findings in post-mortem ethyl alcohol instances will be discussed in this paper. 2. Postmortem Specimen for analysis of Ethanol. In malice of the troubles encountered with post-mortem ethanol consequences, an necropsy offers the chance to roll up specimens that are non readily available in ante-mortem cases.A A In add-on to trying blood from different vascular sites and piss, samples collected from vitreous wit and stomachic contents every bit good as musculus, encephalon and liver tissues, cerebrospinal fluids and gall are all possible during necropsy. Although there is a possibility to roll up and analyse extra specimens during post-mortem ethanol analyses, this will merely partially counterbalance for the increased interpretative troubles encountered by the assorted post-mortem artifacts.A A It is hence necessary to use a greater grade of cautiousness during the reading of post-mortem ethanol consequences and to take into history the entirety of the information obtained. A individual post-mortem blood ethyl alcohol concentration is by and large uninterpretable without a coincident piss and/or vitreous wit e thanol concentration ; therefore it is of import that every bit good as information sing the instance history and inside informations gathered from the scene of decease [ 1 ] .A A Due to this it is of import alternate specimen should ever be collected and analyses in order to right and safely confirm ante- mortem ethanol ingestion. In this chapter the different types of specimen used for post-mortem ethanol analyses every bit good as there deductions and restrictions will be discussed. 2.1 Blood Alcohol Concentration Although there are multiple samples available for aggregation at necropsy for toxicological analysis of ethyl alcohol, blood is a important in leting valid decision of whether the deceased has consumed intoxicant and was under influence at the clip of decease. The basic information required, on construing the blood intoxicant concentration in post-mortem samples harmonizing to Plueckhahn [ 6 ] , who has researched the reading of the blood intoxicant concentration extensively, are: The site of aggregation of the blood sample ; The clip after decease and province of the organic structure when the specimen was collected ; The storage status of the sample, the preservative used, and the clip elapsed before analysis ; The method used for analysis of the sample. Furthermore in add-on to the above, one might besides see the status and visual aspect of the blood sample such as the odor, colour, fluidness and/or the presence of blood fabrics. Despite the fact that blood from a femoral vena is the recommended specimen to be collected for toxicological analysis, some diagnostician still be given to subject cardiac blood or worse fluid scooped from the thorax and or plural pit as a replacement for the appropriate specimen [ 7 ] . This questionable manner of roll uping samples increases the potency for taint of ethyl alcohol entered by the lung due to inspiration of tummy content or ethyl alcohol which might hold diffused from the tummy in to the environing tissue. Blood from the femoral vena is least susceptible to postmortem alterations and as stated earlier the recommended specimen of pick for toxicological analysis. Additionally blood from the interior integral Chamberss of the bosom is besides suited as a auxiliary specimen to compare with femoral blood intoxicant concentration or when there is limited sum of femoral blood available to roll up and/ or analyse [ 8 ] . Furthermore Arterial blood is up to 40 % higher in eth anol concentration during the absorbent stage compared to venous blood, whereas there is undistinguished difference between the two 1s the intoxicant has reached the station optical density stage. Therefore blood from the big vass or bosom may demo differences compared to blood from other beginnings due to incomplete distribution [ 9 ] . This difference was shown by comparing cardiac blood with femoral blood, in which 35 out of 51 instances, had a bosom intoxicant blood was that was by and large higher, with the highest difference observed being 0.09/dL [ 10 ] . Poutry and Anderson [ 11 ] , besides analyzed cardiac and femoral blood in 100 instances, nevertheless, found bosom to femoral ratios being near 0.98. In 17 instances at that place were differences of greater than 20 % between the two in which merely 6 with a bosom to femoral ratio greater than 1. These 6 instances were either in early phases of soaking up or the femoral intoxicant blood degree was unnaturally low due to low volume specimen available in the sample tubing. Harmonizing to this survey circulation equilibrium occurs quickly, which means that differences in blood beginnings occur merely in rare post-mortem instances. This does n’t intend that important differences can non happen, particularly in instances affecting possible decomposition, i njury and in instances of recent consumption when the deceased has been in the soaking up stage and equilibrium has non set in anterior to decease. Because hazard of taint of bosom and upper organic structure blood beginnings, it is recommended to get and analyse blood from a femoral vena [ 2 ] . Some writers even province that the blood straight taken from the chest pit or from a unsighted needle stick into the thorax, is the worst possible sample that can be taken [ 2 ] . The necessary blood intoxicant concentration to do decease is often an unfastened inquiry and depends much on the individual ‘s gender, age, overall wellness, imbibing experience and developed tolerance [ 9 ] . 2. Collection and Storage of Specimen for Ethanol Analysis. Among forensic toxicologists and analytical chemists the normally used quoted proverb, that is peculiarly valid in the field of post-mortem forensic toxicology, which emphasizes that right specimen aggregation is the most of import measure in drug analysis is that: â€Å" the analytical consequence will ne’er be better than the sample from which is was derived â€Å" [ 2,6 ] . The intent of roll uping organic structure fluids and executing forensic analytical analysis for ethyl alcohol is to find the significance, if any, of ethyl alcohol in a forensic probe. Not merely the check used to find ethyl alcohol in de samples should be precise, accurate and specific, but the penetrations given should supply information as to whether the measured ethyl alcohol degrees are basically the same as when they were collected [ 5 ] . The concern of possible ethanol loss or addition in clinical or forensic probe at changing times after the specimen was collected is an inevitable factor encountered in many instances affecting the finding of ethyl alcohol. Furthermore post-mortem samples present an extra challenge: does the measured ethanol concentration reflect the concentration at the clip the deceased passed? There are several factors that play a important function in replying these inquiries. In this paragraph the principle and processs for properly aggregation and cont inuing post-mortem specimen will be discussed and categorized in three bomber bunchs ; 1.The loss of ethyl alcohol, 2.The production ethyl alcohol and last but non least 3.The saving of the gathered specimen for ethanol analysis. 2.1 The loss of Ethanol The loss of ethyl alcohol from collected specimen has been a concern and a ground for probe for most of the history of forensic toxicology. To day of the month, three major theories are used to explicate the loss of ethyl alcohol from the gathered biological specimen. These include 1. Vaporization, 2. Oxidation and 3. The action of micro-organisms. A. Vaporization How to cite Survey In Forensic Toxicology Health And Social Care Essay, Essay examples

Diploma of Management and Leadership

Question: Discuss about theDiploma of Management and Leadership. Answer: Assessment Task 1 My team has been assigned to identify the e-commerce opportunities for Apparel Brands in order to make a proposal for the board of directors of the company. The budget has been considered of $30,000 for setting up the e-commerce venture. Reviewing the Simulated Workplace Information for Apparel Brands Pty Ltd Apparel Brands Pty Ltd, a famous distributor and manufacturer of the generic footwear and clothing in Australia, which takes orders both from the suppliers retailers and the retailers. According to Huang and Benyoucef (2013), simulated workplace transforms the traditional way of working within the organisation for ultimate betterment of it. As Apparel Brands Pty Ltd has planning to come up with exciting and innovative range of online clothing brands within five years, therefore, simulated workplace initiatives can be governed by a fixed protocol in order to assure the standard quality and consistency with the manufacturing of online products in efficient manner. However, the management of Apparel Brands Pty Ltd utilises the time schedule in order to developing the brand image in potential manner, which will ensure a definite success of this particular company. Even the simulated workplaces utilisation of proper portfolio system can help this specific company to grow in the fashion re tail industry. Simulated workplace also suggests the celebration at the end of accomplishments of the fixed goals and objectives. Forming a team As Apparel Brands Pty Ltd intends to develop, own products and brand in order to sell the online products directly to the consumers, therefore, it is very important for the higher authority of this particular company to create some potential groups, which will strictly observes different segments of the entire business operations. There should be different team including the manufacturing department, advertising and marketing department, and quality checking department and sales and finance department (Benlian et al. 2012). As the management intends to decrease the distribution costs and enhance the basic level of the profit margins, therefore, the management should incorporate completely new strategies rather than the existing ones in order to leverage the opportunities of e-commerce. Discussing Team Objectives and Improving Performance Plans In order to secure the e-commerce opportunities, the team has fixed some essential team objectives. To make timely and reliable service deliveries in order to retain the satisfied customers To maintain a proper sync with the supplier of the products To develop the digital marketing process in efficient manner To enhance the PR and customer service for maintaining customer loyalty Preparing to Work with the Team (a) Chiu et al. (2014) have mentioned that several effective strategies are required in order to help Apparel Brands Pty Ltd for fulfilling the e-commerce opportunities. With the proper communication strategy, there will be proper maintenance of team planning. The members should share a perfect level of commitment for achieving the common objectives. Technical knowledge and skill should be suitable enough to deal issues regarding the development of e-commerce. (b) The equality policy ensure that every team member possess similar opportunities to share own ideas. Even the responsibility policy of this particular team also helps the team member to perceive own responsibility in potential manner. Solaymani et al. (2012) have mentioned that the employment policy involves relevant information regarding purpose, application and the sanctions of the allocated tasks within the time. All of these policies eventually advice the team members for supporting each other in order to bring out the best performances of every team members (Salehi et al. 2012). There are also arrangements of the review process of the existing policies within the team in order to easily link with the potential strategies. The mentioned policies are enough flexible and it can be adapted for certain changes. Zhang et al. (2012) have referred that the policies maintains a perfect relationship in between the interested team members and the higher authority of the organisation. (c) The team goals involve creating the e-commerce site for Apparel Brands Pty Ltd in short period and helping the company to increase sales revenue. The team engage the best software developer and technical person for developing the e-commerce site and select social media as an effective medium of marketing and advertising the online fashion products. (d) The leader of the team should allow every individual to share own views regarding the opening of e-commerce website for Apparel Brands Pty Ltd as it will help in consensus. There should be employment of cooperation and collaboration strategy in order to gain the consensus among the team. (e) As opined by Bhatti (2015), group behaviour plays an essential role while taking effective decisions within the group. As group behaviour can impact the decisions, therefore, the leader should strictly observe of maintaining of positive behaviour within the team. Every team member is appreciated for his or her effective ideas and it helps to work in coherent manner within the group. The team member can thoroughly understand the present trends in the e-commerce industry before providing ideas and work potentially within the group (Colla and Lapoule). (f) Assessment 1 Third-party report for candidate: Did the candidate propose and agree on strategies for ensuring participation of team members? Y Describe how: The candidates have gone through the effective strategies. Did the candidate help develop policy and procedures to ensure team members take responsibility for own work? Y Describe how: The candidate helps the leader to research about the existing policies and procedures for ensuring team members to take responsibility for own work. Did the candidate work with group to determine common understanding of organizational requirements and team goals? Y Describe how: The candidate listens to the leader for understanding the team goals. Did the candidate work with group to determine and agree on specific duties to support team members with assigned responsibilities? Y List the candidates support duties: The candidate supports the team member for assigned responsibilities. Did the candidate demonstrate knowledge of group behavior and how to gain consensus and work within groups to enhance team effectiveness? Y Describe how the candidate demonstrated this knowledge in their interactions with the team: The candidate interacts with the team member with potential communication skill for sharing own knowledge. Team member/observers name: Signature and date: Candidates name: Signature and date: (g) However, the team leader take effective notes from the review report for arranging a team meeting for further discussion for developing e-commerce website. Establishing Ground Rules for Teamwork (a) Every team members have agreed with the proposed strategies in order to ensure the constant participation of every team members. In the team meeting, there will be detailed discussions on the adopted strategies for developing e-commerce site. There is statutory strategy for flexible working arrangements, which helps to maintain a positive environment within the group. The training strategy helps the inefficient team member to gain knowledge on the importance of developing e-commerce website as it possess the potentiality to increase the sales revenue of the company in immense manner (Carmona et al. 2012). (b) The leader of the team has taken few policies such as every team member should have detailed knowledge of the strategies and the detailed process of the development of the website. The team building policy helps to regulate, inform and define the operation within the team. Equal opportunity policy helps every team member to share own knowledge and ideas. Code of conduct policy suggests maintaining organisational specific rules (Li and Xie 2012). References Benlian, A., Titah, R. and Hess, T., 2012. Differential effects of provider recommendations and consumer reviews in e-commerce transactions: An experimental study.Journal of Management Information Systems,29(1), pp.237-272. Bhatti, T., 2015. Exploring factors influencing the adoption of mobile commerce.The Journal of Internet Banking and Commerce,2007. Carmona, C.J., Ramrez-Gallego, S., Torres, F., Bernal, E., del Jess, M.J. and Garca, S., 2012. Web usage mining to improve the design of an e-commerce website: OrOliveSur. com.Expert Systems with Applications,39(12), pp.11243-11249. Chiu, C.M., Wang, E.T., Fang, Y.H. and Huang, H.Y., 2014. Understanding customers' repeat purchase intentions in B2C e?commerce: the roles of utilitarian value, hedonic value and perceived risk.Information Systems Journal,24(1), pp.85-114. Colla, E. and Lapoule, P., 2012. E-commerce: exploring the critical success factors.International Journal of Retail Distribution Management,40(11), pp.842-864. Huang, Z. and Benyoucef, M., 2013. From e-commerce to social commerce: A close look at design features.Electronic Commerce Research and Applications,12(4), pp.246-259. Li, P. and Xie, W., 2012. A strategic framework for determining e-commerce adoption.Journal of Technology Management in China,7(1), pp.22-35. Salehi, F., Abdollahbeigi, B., Langroudi, A.C. and Salehi, F., 2012. The impact of website information convenience on e-commerce success of companies. Procedia-Social and Behavioral Sciences, 57, pp.381-387. Solaymani, S., Sohaili, K. and Yazdinejad, E.A., 2012. Adoption and use of e-commerce in SMEs.Electronic Commerce Research,12(3), pp.249-263. Zhang, Y., Deng, X., Wei, D. and Deng, Y., 2012. Assessment of E-Commerce security using AHP and evidential reasoning.Expert Systems with Applications,39(3), pp.3611-3623.

We feel we know the self to be an equivocal commodity Essay Example For Students

We feel we know the self to be an equivocal commodity Essay Although he does abandon any morals he has he has more scruples over doing so than Cromwell clearly, as we can see from his performance when with the Mores when his guilty conscience suspects that he is no longer welcome there; later we see him showing his conscience to Cromwell; Im lamenting. Ive lost my innocence. (page 44) However, Cromwell quickly brings him into check and so seems to dissolve the last trace of Richs ever fading conscience. Thomas Cromwell was clearly a follower of pragmatic political thought, we can see this through the fact he advised Rich to read works Machiavellian literature. We will write a custom essay on We feel we know the self to be an equivocal commodity specifically for you for only $16.38 $13.9/page Order now We see him labeled by the boatman as the coming man, this is because he is a very pragmatic politician, and it is his pragmatism that brings about his success as nothing holds him back; When the King wants something done, I do it. (page 21) Cromwell is a schemer, is ambitions are clearly very powerful ones. He is a suspicious character, this can be seen through the agitation on stage at the mere mention of his name, he certainly is not a well liked character. He uses people, notably Rich in order to achieve what he desires. He has no scruples in knowingly setting up an innocent man, clearly he is not a man of conscience. He is a rather sadistic character and we see this side of him as we see him hold Richs hand in the candle flame, this incident also serves to demonstrate Richs weakness as even after this Rich continues to follow Cromwell in order to progress. His attitude could be well summed up in the following phrase, which gives an insight into his lack of conscience and moral standards; so much wickedness purchases so much worldly prospering. (page 43) Cromwell is jealous of more and his success and relationship with the King, and resorts to Richs perjury in order to defeat More. Clearly, Cromwell is a character lacking in morality and any sense of human decency. More describes him as threatening like a dockside bully. Ambition can lead to moral downfall. Since the power that drives on ambition is great enough to push aside any signs of conscience if it achieves the seemingly greater cause, we see this in the actions of both Rich and Cromwell. The Common Man too is guilty of finding fewer and fewer things, which he is willing to stand up for. He will keep his quiet about anything and everything if it keeps him out of trouble and out of the spotlight.

The wealth for wealth sake- the ethical perspective of profit making. The WritePass Journal

The wealth for wealth sake- the ethical perspective of profit making. INTRODUCTION The wealth for wealth sake- the ethical perspective of profit making. INTRODUCTIONSHAREHOLDER WEALTH MAXIMISATION/ LEVELS OF RETURNSSTAKEHOLDER AND AGENCY THEORYAGENCY THEORYCORPORATE SOCIAL RESPONSIBILITY AND ETHICSETHICSCONCLUSIONCHALLENGES AND THE LEANING OUTCOME I FIND MOST DIFFICULTREFERENCERelated INTRODUCTION This report seeks to explore the topic ‘wealth for wealth sake- the ethical perspective of profit making’, stakeholder theory, agency theory, corporate social responsibility, ethics and if any relationship exist between these concepts and level of company’s returns using British Petroleum Plc as a case study. These issues have sprung up a lot of debates in the last decade, with some of the opinion that the sole aim of an organisation is the maximisation of wealth for its shareholders while others hold the view that organisations should be responsible not just to their shareholders but to stakeholders. In view of this, this report will discuss these issues by examining diverse views and research on these issues and whether the focus of companies should be based solely on maximising shareholder wealth or if companies should pursue other objectives beside wealth maximisation. SHAREHOLDER WEALTH MAXIMISATION/ LEVELS OF RETURNS A business exists to maximise wealth for its shareholders and the manager has a duty to act solely in the interest of the shareholders (Friedman, 1971 in ACCA p1, 2011, p.147).   Friedman was of the view that organisation cannot have responsibility and so not accountable to anybody but its shareholders. This view was reiterates by Grant, 2011 who said that organisations are entities that have the right to maximise profit. However, a business though an artificial person in law, has the same rights and responsibilities as human beings and thus accountable for its actions and this invariably bestows its some responsibilities to those groups who are affected by the organisations activities and decisions (ACCA P1, 2011, p.146). The question is then whether organisations should make wealth at the expense of other stakeholders, such as the customers, suppliers, employees, community and society?   These organisations in question are kept running by communities of people who all share com mon goals and values and shareholder wealth maximisation is being made possible because of the effort and actions of these group of people despite the fact that the shareholders provides funds for the business. An organisation who fails to recognise its stakeholder is asking for trouble as employees can boycott work or customers can stop buying from them. The implication will be a fall in share price and since shareholder wealth is measured by the value of shares they own in the company, there will be a reduction in shareholder wealth.   Studies have shown that businesses that are ethically sound are rewarded with additional customers while those that are unsound are boycotted and employees show more commitment to socially responsible companies (ACCA p1, 2011, p.147). Friedman fails to realise that organisations are first and foremost communities of people working together for a common purpose and the existence of community automatically give rise to mutual responsibilities (Grant , 2011 in (Blank and McGurn, 2004; Gates, 2004; Gini, 2004). Moreover, the market is a network of relationships and it is the working of these various relationships that makes an organisation efficient or inefficient. Bp has a better understanding of the importance of developing relationships with the stakeholders when in April 20, 2010 the Gulf of Mexico oil spill in America Killed eleven workers and left 17 injured in a bid to maximise wealth (Mardell, 2011). The company was charged $20bn as compensation fund (Palmer, 2011). Bp continues to pay dearly for its actions long after the incident with the continuous fall in the share price as evident in the graph below: Bp Share Chart April 2010 to April 2011 SOURCE: ADVFN, 2011 Bp had the biggest fall in share price following the spill by more than 6% on opening and ended the day 4.7% down (Merrison, July, 2010). BP Share Price 1-Day Chart SOURCE: SKY NEWS, 2010 As at June 9, 2010, two months after the incident, Bp is below book value and trading less than half of its 52-week high, and its worth less than $100 billion. The company which has been paying out a steady 84 cents per share per quarter now has that payment in jeopardy as there is a $4.50 fall in the share price and a dividend of $3.36 is currently being paid on a stock worth $30 (Salmon, 2010). Analysts even went as far as proposing an exit for Bp via a takeover. STAKEHOLDER AND AGENCY THEORY Stakeholders are all those agents who are concerned about the growth and development of an organisation (Pesqueux et al, 2005, p.6 in Mercier 1999). They are those individuals, groups or organisations who are interested in and or are affected by the activities of an organisation. (Boddy, 2011, p.637) and (Mallin, 2010, p. 63-67). Mallin identified several stakeholders and the nature of their interests and expectations in the organisation which are: EMPLOYEES: whose interest is in job security, fairness in promotion and pay and working conditions, personal development among others. Others are environmental groups, communities, customers, suppliers among others (Mallin, 2007, p.51-53). The law of corporations says that the firm should be run primarily in the interest of shareholders; stakeholder theory does not give preference to any stakeholder. Organisation should seek a balance relationship among all its stakeholders as an imbalance will put the survival of the organisation at stake. Jensen (2001) supported this view when he said that a firm who seek to maximise wealth cannot ignore the interest of its stakeholders. Buttressing the point that stakeholders not just shareholders are paramount to the success and wealth of a stakeholders, Freeman maintained that effective stakeholder management is important to the survival and prosperity of an organisation as opposed to Friedman who argued that the only responsibility of business is to engage in activities design to maximise wealth for the shareholders and anything contrary to this is stealing. However, Friedman opined that in the pursuit of this goal, the business must conform to the basic rules of the society whic h are embodied in ethical customs, giving credence to the fact that ethics is key to business performance. Mallin 2007, p.7273 raises concerns as to whether a board can function effectively with multiple objectives and which should take priority over others, not to mention the fact that the enhancement of shareholder wealth is given supremacy in the United Kingdom. AGENCY THEORY Managers of a firm own a duty to shareholders to make all effort to maximise shareholder wealth by working in their interest. Alternatively, managers are also concern in working for their own best interest giving that economic theory of rational choice maintains that human nature being selfish will engage in activities that benefit them rather than others (Bradburn, 2001, p.4). However, there have been a lot of cases of selfless service in history such as Mother Theresa of old. Agency theory arises thus as a result of the conflicts of interest between management and shareholder due to separation of ownership from control. Studies have shown that managers substituted their interest in place of those of shareholders just like the case of Enron Corporation (ACCA, paper p1, 2010). Agency problem therefore arises as a result of managers making decisions that are contrary to the maximisation of shareholder wealth and possible causes of this are Separation of ownership and control: shareholders the principal fund the company but appoint agents, management to control the affairs of the company on their behalf. Differing goals between shareholders and management: Shareholders want high return on investment and thus want managers to take higher risk. However, managers are risk averse and tend to minimise risk by investing in low risk projects as oppose to shareholders who want higher returns on their investment thereby reducing shareholder wealth. Asymmetry of information: Because management are involve in the day to day running of the company, they have access to all financial and management information which the shareholders have no access to except the annual report of the company that are often times subject to manipulation (Watson and Head, 2007, pp.11-12). This was the case of Enron whose managers engaged in fraudulent creative accounting techniques in a bid to build empires at the expense of shareholders which led to the eventual collapse of the company. According to Jensen and Meckling, agency problem occurs when managers own less than 100% of the firm. He argued that managers are driven by power and control rather than maximizing shareholders wealth and often times seek to build empires. Thus take decisions that maximise their interest rather than the shareholders such as increase in managerial pay, rewards and job security. As a result of this conflict of interest and in an attempt to ensure that management interests are in line with those of shareholders, agency costs are incurred such as legal cost, cost of managers’ incentives and monitoring among others (ACCA, paper p1, 2010, p.23). To resolve problems arising from goal congruence between shareholders and management, Measures have been put in place by shareholders to minimise these problems: Monitoring activities of managers: Here external auditors are put in place to ensure that the financial statements prepare by the directors show a true and fair view of the affairs of the company. However, in the process agency costs are incurred. Performance related pay: Executive share option schemes: In an effort to encourage executives to maximise shareholder wealth and reduce managers aversion to risk, share options are introduced which allow senior managers to own certain number of shares in the company at a fixed price. The downside of using share option to check and balance senior executives is the fact increase in share price due to boom in the economy and general market trends will result to executives being rewarded not base on the merits of their performance (SIGLER, 2009, pp. 762-764). CORPORATE SOCIAL RESPONSIBILITY AND ETHICS It has become increasing important that organisations become actively responsible and makes ethical business decisions as a result of the recent scandals that have gulfed the business world, from Enron to WorldCom among others. The business world and the community can no longer fold their hands and watch in horror in anticipation of when the next big scandal will rock the world economy. Thus, the need to revisit the role of ethics and corporate social responsibility in today’s business world. Although corporate social responsibility is closely linked to ethics because an outcome of ethical conduct is social responsibility (Dubrin, 1994, P.44), however, Blowfield, 2008, p. 12 13 in Davis 1973 explains that corporate social responsibility begins where the law ends. It is the positive impacts companies made on the lives of the community and beyond the society in which they operate outside of their legal obligations. Siegel and Vitaliano (2007) argued that CSR occurs when firms e ngage in activity that appears to advance a social agenda beyond that which is required by law. There is no doubt that corporate social responsibility is of paramount importance to the performance of a business as evidence have shown that organisations who put social responsibility as top most priority in their agenda will have a strong financial performance (Schermerhorn, 2002, p.159). In a poll in 2005, eighty-one percent of executives said that corporate social responsibility is important to their business. Majority of the executives were of the opinion that the purpose of a business is to be a steward in the society as it has duties to its stakeholders such as the customers, shareholders, employees, community and the environment (Blowfield, 2008, p. 10). In addition, there is little or no reason to believe that organisations cannot maximise wealth for their shareholders while performing other public responsibilities. Svensson et al, 2011,p.29 in Lea 1999 agrees with this when he said that ‘it is the various stakeholders that determine the economic performance of a business and that profit   will arise naturally from the performance of their business practices such as being socially responsible’. Similarly, Freeman et al 1988, p.47 stressed further this by saying that financial performance and ethics are the same thing. For an organisation to maximize wealth, it needs to maintain relationships with several stakeholders that affect or are affected by its decisions (Presqueux, 2005, p.8). Business should not only look at the immediate returns, but at the communities who will become their consumers. This indicates that companies need to re-examine the nature of their interactions and the effects on their stakeholders (Gibson, 2007, p.xiv). Martin 2003, p.87 in an article in Harvard business review maintained that organisations exhibit socially responsible behaviour because it create goodwill among customers and enhances shareholder value. Little wonder more companies have come to the significance of being socially responsible and have become actively involved in building key relationships with their various stakeholders. Some have gone from being socially responsible to becoming sustainable due to increasing awareness to conserve and protect earth’s limited and depleting resources (May et al. 2007, p.237) such as the G8 summit. British petroleum, BP in 1997 took a stand on climate change by reducing greenhouse emissions. This socially responsible act Bp claims has cost them nothing but increased net income by $600 million. However, the same Bp in 2010 was involved in an oil spill that led to 11 employees’ death and pollution due to negligence and an attempt to cut cost and increase shareholder wealth (Mar dell, 2011). Bp as a result suspended dividend payments to shareholders with $25 billion dollars set aside to cover compensation claims (Boddy, 2011, p.161). Apple and Microsoft are massively involved in CSR while still creating value for their shareholders. (Heal, 2005, p.14). Alternatively, there have also been those who argued that acting socially responsible has no impact on the wealth of an organisation. Friedman in an article published in 1970 argued that an organisation has no responsibility other than maximising shareholder wealth through legal and accepted means. Friedman was one of the capitalists who emphasised strict completion, wealth maximisation and reduction in expenditure which serve as barriers to acceptance of ethical practise in business. Monsanto was destroyed while acting socially responsible. The company invested money to make crops more productive without the use of chemicals. This backfired as it was faced with oppositions from environmental activists and consumers, thus making farmers to abandon them, causing financial threats to the company and the subsequent takeover. The quest to maximise shareholder wealth should not put other stakeholders’ lives in jeopardy. Take for instance Ford Motors whom in the sixties in an attemp t to improve market position, fight competition from companies like Volkswagen and subsequently increase wealth for shareholders made the affordable Ford Pinto that was produced very cheaply with the petrol tanks placed in a position that endangers lives. Analyst believed Ford knowingly choosing profit over safety. The car poses risks and do not meet up with the legislation, yet the car was put up on sale. What followed were series of car accidents that caused many lives. Ford motors continued to sell the car as the cost of removing the product from the market far outweighs the law suit that would arise. The company was sued, though it won the lawsuit, but its reputation was badly damaged which affected the market share and subsequently the shareholder wealth they were aiming for (Boddy, 2011, p.135-136). The company in an attempt to maximise wealth for their shareholders put profit first before the safety of its customers and the community and operated outside the legal and accepte d standard advocated by Friedman. ETHICS Ethics are the norms and standards for judging good versus bad, right versus wrong. It thus defines whether actions taking by an organisation are under moral grounds (May et al, 2007, p. 157). However moral behaviour is dependent on some circumstances of time and places or on each individual decision-maker. It provides a support for maximising shareholder value in the long term and an understanding of business ethics will enhance business targets and improve performance (Sternberg, 1994, p. 15). In a survey of CFOs carried out by ACCA, it was discovered that companies that build a culture of ethics are more likely to succeed financially. Also, good ethics they say means good business (Chriysside and Kaler, 1996, p.8). Studies have shown that employees are more inclined to work for companies that are ethically and socially responsible (Weiss J, W, 2003, p.11). The pursuit of shareholder wealth should be within the confines of ethical behaviour as an organisation that solely pursues we alth maximisation will act unethically (Gibson, 2007, p.7). More so, managers believes that shareholders interest is in wealth maximisation, however, shareholders differ on this view depending on the nature of their investment with time. Some shareholders wants returns on the short term through dividends and often times, such shareholders are not inclined to acting ethically as opposed to those who wants their returns reinvested to achieve capital gains in the longer term. Boddy states that evidence have shown that investors are willing to invest in business that encourages ethical decision making. Therefore, companies need to integrate values such as trust, honesty, integrity and fairness into its policies, practice and decision making (Blowfield, 2008, p. 18). In recent times, series of companies with strong ethical policies have been found in breach of the law. This was the case of Boeing in 1998 when despite its ethical guidelines on procurement, corruption and marketing used co nfidential materials stolen from its competitor Lockheed Martin to win defence procurement contracts with the United State government. This led to it suspension from bidding for defence contracts. Ethics is a necessity in the achievement of profits, growth and shareholder value (Blowfield, 2008, p.190). Conversely, an organisation that acts unethically will have its reputation damaged and boycotted by its stakeholders just like the Ford Pinto, Enron and WorldCom. Enron despites having a Code of ethics had its senior management concealed debts worth $35 billion. The exposure of this fraudulent act led to a drop in share price from $90 to 61 cent (Gini, 2009, pp.104-115). Royal Dutch shell adopted the slogan people, planet, profits in an attempt to regain lost trust in the Niger Delta region of Nigeria and criticism for its proposed scrap of Brent Spar oil storage platform in the deep Atlantic (Blowfield, 2008, 61). It is therefore not acceptable for business to say that anything it d oes within the confines of law is ethically acceptable. In the 80’s, the Beech-Nut Nutrition Corporation had its executives sentenced by a jury for purported selling baby apple juice which in reality contain little or no apple juice. The company’s shares of $750 million dropped from a high of 20% as a result to 17% (Gini, 2009, pp.29-31). Pressure is being mounted on businesses to go beyond the law by according respect and dignity to stakeholders, thus the need for organisations to consider responsibilities to those whom their decisions will affect. Managers have to balance the demands to maximise wealth for shareholders with those of acting ethically in the pursuit of wealth and being responsible to its stakeholders whom are affected by its decisions as doing contrary to this could be detrimental or poses to the business and shareholder wealth just as Dearlove 1998 suggests that ethical behaviour should be imbibed as a core value of business. Corporate social responsibility and ethics in a lot of ways increases wealth for shareholders as illustrated in series of examples above. However, organisations will need to weigh the benefits and advantages accrued from it and come to a balance. This is not to say that companies should pursue wealth at the expense of other stakeholders’ lives. CONCLUSION The aim of this report was to discuss the objective of the company as to whether the maximisation of shareholder wealth should be the sole objective of the company. Evidences reviewed in the report pointed to the fact that wealth maximisation should not be the sole aim of the company, other stakeholders who are affected by the company’s decision should be considered and the involvement of these various stakeholders evidence shown create company goodwill and increase shareholder wealth. It is therefore imperative that companies pursue other objectives beside wealth maximisation. REFLECTIVE JOURNAL WHAT I LEARNT FROM TAKING PART IN THE COURSE WORK: This report gave me a better insight into shareholder wealth maximisation and levels of returns, stakeholder theory, agency theory, corporate social responsibility and ethics. I learnt to work with limited time and meet up with strict deadline and to effectively manage my time. MY RESAERCH TECHNIQUES: My research techniques was based on reading journals, text books,   Harvard Business review, television station archives such as BBC News, Ft.com,Rueters.com and internet sources. MY MOTIVATION: My motivation stemmed from my drive to produce a quality course work. So my motivation was strong as I worked really hard to meet up with the deadline for the assignment. WHAT I WILL DO DIFFERENTLY NEXT TIME: I would ensure that I have done a thorough research regarding the subject matter before commencing my work as this will make it easier and save me time. THE FOLLOWING ARE THE LEARNING OUTCOMES WHICH I FIND EASIEST Corporate social responsibility which bothers on the ground that organisation in their pursuit of shareholder wealth needs to consider the positive impacts they made on the lives of the community and beyond the society in which they operate beyond that which constitute their legal obligations. I got to know that corporate social responsibility enhances shareholder wealth maximisation despite some argument which stress sole objective of wealth maximisation. CHALLENGES AND THE LEANING OUTCOME I FIND MOST DIFFICULT Stakeholder theory was particularly difficult for me as I have challenges getting relevant materials for it. Another was ethics which in a way is like a twin to corporate social responsibility. I realised while writing ethics that most of what I had to talk about were already discussed in corporate social responsibility making it difficult for me to have a balance word count between the two concepts. Thus ethics was also touched on in corporate social responsibility and vice versa. I believe I have done this work to the best of my ability and it will be useful to me in my future career prospects. REFERENCE ACCA. 2010. Ethics linked to better business performance. [WWW]. accaglobal.com/allnews/national/zimbabwe/ethics   (9/4/2011). ACCA. 2010. 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The Effect of RMB Revaluation in the Economy of China Dissertation

The Effect of RMB Revaluation in the Economy of China - Dissertation Example The Effect of RMB Revaluation in the Economy of China Table of Contents List of Tables 4 List of Figures 4 Chapter 1: Introduction 5 1.1Background of the research problem 5 1.2Statement of the research problem 5 1.3Research objectives 5 1.4Research questions 6 1.5Significance of the research problem 6 1.6Definition of terms 7 Chapter 2: Review of Related Literature 9 2.1 Chapter Overview 9 2.2 Currency revaluation and its effects 10 2.3 The fixed vs. ... The director also drew a plan of action if China did not withdraw the control of currency and permit the renminbi (RMB) to gain strength. The central bank of China known as the People’s Bank of China allowed for some relaxation. The bank announced that will abandon the two year old peg. The peg has kept the RMB with the dollar (Yu, 2010, p. 2). It allowed RMB to respond according to the forces of the market. China will now begin to move into the regime of floating exchange rate. The regime will be a tight one which was in practice in the period between 2005 and 2008. The value of RMB will be the base on a basket of currencies within a narrow range (Wharton University of Pennsylvania, 2010). China believed that the stable RMB policy is good for the country from the time of the financial crisis of Asia. The country turned away from the exporters who were reported for violating the standards of pollution. The strengthening of the RMB against the U.S. dollar has continued unabated since 2005. It will follow the stable rising path since the country is under intense inflationary pressure (Wang and Whalley, 2007, p. 3). 1.2 Statement of the research problem The problem this dissertation seeks to resolve is: What effects shall the revaluation of the renminbi have in China’s economy, as well as in the world economy? The principal goal of the dissertation is to identify the impacts of the revaluation of the RMB on the economy of China. 1.3 Research objectives In adopting the research problem specified above, the research undertakes to achieve the following objectives: (1) To examine the necessity of a currency revaluation in