...Evolving technology and how it affects ethics We live in a world where technology is rapidly evolving everyday, where the second you buy a brand new computer it is already obsolete within that same year with something better already being produced. And now gadgets such as google glass which allow people to take pictures and videos just by blinking without the consent of those around the user, how exactly must we as a people adapt and change our views on ethics as technology continues to evolve. One of the biggest moral issues today is the creation of unmanned drones and their use during violent conflicts. The main issue many people have against them is their ability to take a human life and not experience the horror or conflict of making such a decision. Where does that leave us as humans where we will eventually allow robots to make the decisions of whether or not to kill a certain person based on data it has collected. On the other side of this argument there is something called the Millian harm principle where many people believe that (“The only purpose for which power can be rightfully exercised over any member of a civilized community, against his will, is to prevent harm to others.”) A very strong statement but one that does make sense in my own opinion. Seeing how technology today is already affecting us and making us as humans look at ethics in a different way and perhaps creating new policies in order to adapt to this ever changing world, what we do now may have...
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...organization and help it grow. All four functions are essential to management and can be influenced by internal and external factors. Internal factors consist of culture, employee relation, rules and other things within the business. External factors consist of competitors, customers, and laws outside the company. Globalization, technology, innovation, diversity and ethics are crucial in every part of management. In this paper, I will explain how the four functions and internal and external factors affect Apple. I will also give a concrete example of how the four functions are influenced by globalization, technology, innovation, diversity, and ethics. Globalization is an external factor because it consists of things outside of the business walls. Globalization connects businesses around the world (Dictionary.com). Globalization allows businesses of any kind or size here in the United States to connect with the foreign business. Globalization changes the way managers plan. They now must consider a global market to get the best and cheapest product for their company instead of only having domestic opportunities. Apple Inc. is an American multinational technology company best known for their products the Iphone and Ipad. Apple had 430 retail stores in 16 different countries and online stores available in 39 countries in 2014 (The Rise of Apple Stores). Globalization is important to companies like Apple because it gives them the...
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...More in technology? In the last 200 years the term “technology” has changed. It was first described as the study of useful arts before the 20th century. Technology is now defined as the making, modification, usage and knowledge of tools, techniques, systems and machines in order to solve a problem or improve the current situation (Merriam-Webster, 2014). The use of technology began with early evolution of man, with the first piece of technology to be used being a stone simply because human’s wanted to find a better way of living, to do work easily and adapt to their environment. Technology development was at a faster rate during 1500-1800AD, because people did not have any scientific principles. People built or came up with technological tools by error and trial. When people discovered same scientific principles, several of them where applied to the manufacturing of sophisticated machinery, for example motor engines for transport, electrical generator, clothing machines for cloths, etc. In this period of time better engines, machines and alternative sources of energy where discovered, which lead to a massive scale of industrialization (Agarwal, 2012). Today technology plays a huge part in sectors of people lives from communication, transportation, education, mass production of food and medical research. Despite technology being a major success for developed countries they is a huge argument if developing countries should also spend huge amounts of money on technology investment...
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...1. Why do you think General Electric has invested so aggressively in foreign expansion? What opportunities is it trying to exploit? General Electric CEO main goal was to be number 1 or 2 globally for one reason. Also General Electric also sees foreign expansion as a great way to capitalized abroad. Also international revenues grow faster than domestic revenue. 2. What is General Electric trying to achieve by moving some of the headquarters of its global businesses to foreign locations? How might such moves benefit the company? Do these moves benefit the United States? 3. What is the goal behind trying to “internationalize” the senior management General Electric ranks General Electric? What do you think it means to “Internationalize” these ranks? 4. What does the General Electric example tell you about the nature of true global business? Company name/corporate headquarters location Company size (number of employees) Description of products/services Description of manufacturing operations - how and where the products/services are produced Description of marketing activities Where the company advertises and promotes its products/services The type of marketing the company emphasizes (newspaper, TV, magazine advertising, etc.) Identify where the company's corporate headquarters are located and how many people the company employs. History of the company (When was the company founded and by whom?) What are the major events in its history and when...
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...traits such as, larger produce, resistance to pestilence, etc (Novella, "CRISPR and the Ethics of Gene Editing « Science-Based Medicine"). Similar to how crops could be modified some people fear that Humans and animals will too come to be modified for desirable or specific genetic traits, however this is where the bulk of the ethical problems concerning stem...
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...changes are all examples of macro change. To help analyse these factors managers can categorise them using the PESTEL model. Provides an understanding of the wider business environment.Encourages the development of strategic thinking.May raise awareness of threats to a project.Can help an organisation to anticipate future difficulties and take action to avoid or minimise their effect Even Coca Cola, the worlds’ largest beverage company has to consider about their macro environment and its opportunities and threats. They too have to analyze their Political, Economical, Social Environment. limitations .The external factors considered during PEST analysis are dynamic and they change at a very fast pace. At times, these changes may occur in less than a day’s time, thus making it tricky to predict why and how these factors may affect the present or future of the project.Collecting enormous amounts of relevant data from the right sources becomes a bit of a problem, especially since most of the pertinent data must be collected from external agencies. This makes PEST analysis not only time consuming but costly as well. Also, getting the latest data and keeping the analysis updated with it becomes a problem.A proper PEST analysis requires a lot of information to be collected. But when handling too much information, the users tend to get confused and lose sight of what factors are more critical. This ambiguity in prioritizing the affecting factors can put the entire planning on the wrong track ...
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...Beckstrom. Most companies, they argue, function like eight-legged spiders. “Cut off the leg of a spider, and you have a seven-legged creature on your hands; cut off its head and you have a dead spider”. “But cut off the arm of a starfish and it will grow a new one. Not only that, but the severed arm can grow an entirely new body. Starfish can achieve this feat because, unlike spiders, they are decentralized; every major organ is replicated across each arm”, (Nayar, V. (2010). Recasting the Role of CEO: Transferring the responsibility for change), The Starfish and the Spider: Unstoppable Power of Leaderless Organizations, by Ori Brafman and Rod A. Beckstrom. In this reading, Nayar realized that HCLT was operating more like the spider rather than the starfish and seeing that they were operating more like a highly centralized organization. With this information a revelation was revealed to Nayar, and this will begin the start of...
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...Chapter 5- GLOBAL COMPANY PROFILE: Regal Marine world’s 3rd largest boat manufacturer; Regal uses CAD computer aided design; Regal uses JIT inventory to deliver parts as needed. GOODS & SERVICES SELECTION: The good or service provided is basis for an organization’s existence and the key to success; To maximize success, companies focus and concentrate on few products; Companies must look constantly for new products to design; Product Decision- to develop, implement a product strategy that meets the demands of the marketplace with a competitive advantage; Product strategy is 1 of 10 decisions of OM and focuses on developing a competitive advantage thru differentiation, low cost, rapid response, or combination of these. PRODUCT STRATEGY OPTIONS: Product Selection- the choosing of good or service to provide customers or clients; Differentiation- by offering a distinctly unique and high quality product; Taco Bell- has developed a low cost and high value product line; Toyota- a rapid response to changing customer demand; PRODUCT LIFE CYCLES: Intro Phase- the product is being fine-tuned for market, negative cash flow due to research, product development, process modification, and supplier development; Growth Phase- product design is stabilizing, requires effective forecasting of capacity requirements; Maturity Phase- high sales revenue, competitors are established, improved cost control, reduction in options of product line necessary for profitability and market share; Decline Phase-...
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...and the gradual scarcity of resources have come to light as major disruptions in the business environment. These challenges have opened up new opportunities for companies to sell solutions to these problems. Businesses prosper with the motive of growing their profits at an infinite rate. But environment considerations should not be left while garnering those profits. The role of Environmental ethics come into play here which focuses on the MNCs' ethics in running their businesses as well as keeping the environment untouched to the extent possible. Environmental Ethics The field of Environmental Ethics has grown since the early 1970s. The scholars who have categorized the natural environment include Alan Marshall and Michael Smith. Marshall has used the following terms to describe these categories: Libertarian extension, which commits itself to extend equal rights to the community which consists of humans as well as non-humans, Ecologic extension, which places equal emphasis on human rights as well as the interdependence of all biological objects and their diversity, and conservation ethics, which focuses on the worth of environment only in terms of how it is useful to mankind. The concept of Anthropocentrism places humankind at the centre of the...
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...Ana Martins Murta English 105 Professor Colin Fewer July 2012 A critical essay: Why is newspapers circulation decreasing? The future of newspapers has been put under discussion for many years, since the appearance of different news technologies, such as television and internet. The latest communication technology, internet, represents a huge threat to newspapers, according to some authors, and makes it necessary for the print journalists to change a bit of how they work. On the other hand, evidence suggests that the declining of newspapers has been going on since many years before the appearance of internet, hence other motives are involved in the decreasing circulation of this way of information that has been so important to the construction of the world as it is. This essay examines the factors that are leading to the lessening of newspapers, and suggests what journalists can do to avoid it. The lessening of newspapers circulation is leading to a decrease in publicity investment on them, what is leading to the end of some newspapers companies, since advertising in the major source of profit in a newspaper. According to Philip Meyer, in the year of 2000 advertising accounted for 82 percent of newspaper revenue … and circulation was the other 18” (37). And according to the 2011’s Pew Research Center’s Project for Excellence in Journalism, while the ad revenue for print newspaper decreased badly from 2003 to last year, the ad revenue for online newspapers is substantially...
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...Impact of Technology and Workforce Diversity on the Corporate Sector | Keerthi Purushothaman III B.A. Corporate Economics 10CEM28 | Introduction With the onset of globalization, the corporate sector has transformed in many ways. It has adopted new work policies and adapted to new technologies. The impact of technology and workforce diversity on corporates is an area of growing importance. In a multicultural nation such as India, workforce diversity has a huge impact on business. With the expanding innovations in technology, businesses are forced to explore and adapt to new technologies in order to make the processes faster and more effective. This is also important for them to be able to stay ahead of the game and face competition. Businesses today use technology in almost every facet of operation. They communicate with advanced network systems; they analyze data and plot forecasts using complicated programs; they utilize all types of digital media for marketing campaigns; and they streamline operations with new inventory and check-out systems. Technology is not without its downsides, but business cannot deny the impact it has had on every level. As we enter the 21st century, workforce diversity has become an essential business concern. In the so-called information age, the greatest assets of most companies are now on two feet (or a set of wheels). Undeniably, there is a talent war raging. No company can afford to unnecessarily restrict its ability to attract...
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...Since San Walton opened his first store in 1962, Walmart has grown into a global retailer with more than 4,000 store in the United States and more than 6,000 internationally. Walmart is comprised of three business segments, Walmart US, Walmart International and Sam’s Club. Walmart Global eCommerce works across all three segments. Walmart’s mission statement “We save people money so they can live better”, is not indicative of where its strategic focus areas are, but it does sound good for the average customer who has a limited budget. This mission statement leads directly into Walmart Global eCommerce goals which include combining online, social innovations with physical stores to give consumers “anywhere, anytime shopping experience” in addition to its organizational sustainability goal of creating zero waste, using only sustainable energy and selling products that sustain the environment which is important to all of Walmart’s segments including eCommerce. Walmart’s overall objective is to deliver shareholder value by increasing earnings per share, returns and maintaining strong stable returns on investment. According to Walmart CEO, Mike Duke, Walmart’s strategic focus areas are: •Making sure the company has the best retail talent at every level of the organization by recruiting, developing and retaining the best associates; •Delivering on the productivity loop that enables Walmart to operate for less so the company can drive prices even lower for its customers ...
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...manufacturing needs a strategic plan to become the top industry globally to manufacture plastic in injection molding. Strategic management process is strategies, decisions, and actions define by a company to determine the performance of the organization. The components Riordan needs to succeed in business are (Wheelen & Hunger 2010). The use of Environmental Scanning, Strategy Formulation, Strategy implementation, Evaluation, and Control. It includes gathering of information external and internal, developing extended range of plans, putting strategies into action, monitoring the performance, and monitoring the results. The process is set in place to meet the goals of the competitors for future development as new products is introduced through technology. Riordan needs a Strategic Plan (Virtual Organization Portal. 2013)...
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...1. Explain why ethics are an integral component of the manager’s toolbox in the 21st century. (5 Points) Ethics are integral in the 21st century due to the evolution of business, technology, and government oversight. There is a legal responsibility to do what is right by the customer – if you produce a product knowing that there is a high risk of harm to the consumer, you will be eventually be found out, prosecuted, and held liable. Organizations have put a high priority on ethics, which can be hard to balance in the highly competitive business world. But with the advancements in technology and social media, consumers are highly aware of how an organization behaves – and this information travels the world quickly. There is little tolerance in most companies for unethical behavior that threatens the mission, vision, values, strategy and goals of the company, not to mention the consumer base. 2 Describe how and why ethics can and do guide managers’ decision making process (10 Points) Individual ethics, and the organizational ethical climate, do a great deal to guide the decision making process. If a company has the climate of utilitarianism, the manager will base their decision on what will do the most people the most good. For example, if there was a choice between two options as outlined below: Option A – has defect rate of 50%, can suspend production for 1 month to fix defect costing $350,000 to reduce defects to <5% Option B – has defect rate of 50%...
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...Advancements in ERP for FMCG Introduction Prior to a discussion of the advancements in Enterprise Resource Planning (ERP) for the Fast Moving Consumer Goods (FMCG) industry, it is important to first take a look at some of the environmental impacts to understand the context in which we need to place our discussion. The FMCG industry is currently functioning in an uncertain political and economic environment. All of this is impacting the industry in a climate where corporate accounting practices are being heavily scrutinized and anything perceived to be discretionary spending is queried. In addition, the industry is seeing dramatic consolidation via merger and acquisition activity with leaders increasing their market share and dominance in the supply chain. Traditional product lifecycle management is being challenged with the frequent introduction of new products and services with shorter lifecycles and a focus on brand extension. All of the above is placing intense pressure on conventional manufacturing and supply chain practices. IT Trends Recent research conducted by SSA Global Technologies shows that there is an increased emphasis on cost saving and efficiency, with demands on IT to do more with less, and for new IT investments to deliver significant returns on investment than were expected in the past.1 1 SSA GT Global Manufacturing Survey 2002 Not surprisingly, in the context of the above environmental factors, research conducted by AMR Research2 found that for 2003...
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