I argue that a business has a responsibility to maximize its profits and that for a business to maximize profits for its shareholders it must at least adopt a pseudo-stakeholder theory of operation representing social responsibility although it has no moral responsibility to be socially responsible. To facilitate this argument, I will use the definitions of those terms as presented by the authors in the book. The stockholders invested their money for the purpose of earning a return on that investment
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Unit Title: The Business Environment Guided Learning Hours: 160 Level: Level 5 Number of Credits: 18 Learning Outcome 1 The learner will: Understand the significance of the environment on business activity. Assessment Criteria The learner can: 1.1 Explain the features of business activity. Indicative Content 1.1.1 Explain the business organisation as a transformation process. 1.1.2 Describe the different ways in which a business may structure its activities. 1.2 Discuss the complex
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playing field. Business Field Citigroup long thought of as just a bank, is a financial services organization offering consumer banking to investment banking and from merger underwriters to currency handling (Services, 2012). They utilize two business segments which are the Regional Consumer banking and business and institutional services. This basically means that part of their business models deals with the banking services of individual customers and the other caters to business and institutional
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A business undertaking is an organisation which is engaged in some industrial or commercial activity. It represents an institutional arrangement for carrying on any kind of business activity. It may be owned and controlled by a single individual or by a group of individuals who have entered into a formal or informal agreement to jointly conduct the business. Every business undertaking is a separate and distinct business unit. It has its own identity and separate ownership. It can be distinguished
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E 16 – Business Management Strategy “A pattern or plan that integrates an Organization’s major goals policies & action sequences into a coherent whole” (Quim) Mintzberg distinguish b/w a strategy as 5 P’s:‐ Plan: Forward looking / Purposive deliberate Ploy: Plan Designed to deceive/confuse Pattern: Consistencies of behavior whether intended or not Position: In the market; relative to the Competition Perspective: Values attitudes Cultures of Managers Dimensions of Strategy
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The main type of business organizations in the UK are: * Sole traders * Partnerships * Companies/ Corporations * Charities * Cooperatives * Franchises * Private Sector and Public Sector The sole trader organization is composed of one person who funds the business and also keeps 100% of the profits. Hence it being the most common form of organization. A partnership is an organization which can have multiple partners running a single business. However profits are
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Suing a customer over an unpaid debt is certainly not the most enjoyable tasks a business owner endures, but it does have to be done sometimes to minimize losses. If I were suing a customer and I received a notice stating that the customer is filing for bankruptcy the first thing I would do is try to find out what type of bankruptcy the client is filing for. I would most certainly try to minimize my losses by trying to rearrange my case so that I could recuperate as much from the client as possible
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plants. In a few cases, moved entire manufacturing plants to new plants in the southern part of the country to break away from practices of 20 years ago. They called this the “Cooperization” process which is one where they create lean independent business. The “Cooperization,” process included plans for divisional managers to seek out complementary acquisitions for further expansion of the Cooper Empire. Let’s now look at ways they add this value to the Cooper Portfolio. How does it create value
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does; • Focusing on optimizing free cash flow per share. What does it mean to have the mission, “the earth’s most customer centric company”? How well is Amazon achieving this mission? In its 2005 presentations to financial analysts and its shareholders meeting, Amazon.com described itself as having a new mission- to be the earth’s most customer centric company, which the company defined as “starting with the customer and working backwards.” One of the main goals of Amazon at the time and still
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STRATEGIC MANAGEMENT Business Strategy Case Analysis “NESTLE” Group Members : Suhendra Suwardi (10313010) Fadly Hassan (10313011) Kanigya Kadiso (10313019) Steven Edbert (10313026 Johan Susetyo (10313029) BUSINESS MANAGEMENT INTERNATIONAL CIPUTRA UNIVERSITY SURABAYA 2016 NESTLE 1. Company Profile of Nestle : Nestlé S.A. is a Swiss multinational nutritional and health-related consumer goods company headquartered in Vevey, Switzerland. It is the largest food company in the world
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