Minimum wages

Many economic theories have been proposed to discuss the impact of minimum wages on labor market. The proceedings of the labor market is based on the exchange of resources between the employee and employer, the employee receive wages in return for their labor services to the employer. Labor market is considered to be most competitive market, where the established market price is much closer to the value of the product. Therefore, the employee is likely to receive marginal value, in the competitive market (excluding the factor of minimum wage). Therefore minimum wage laws have been introduced which foresee crisis of unemployment, if fewer employers are interested to hire labor, where as more people are willing to offer their services. Therefore, the law intends to maintain the equilibrium, to avoid social and economic turmoil. The amount of labor supplied by the workers is directly proportional to the nominal wage, a certain increase in the wage, forecast increase in the labor supply. The observation is based on the assumption that an employee hired at a low wage will prefer to consume ‘leisure and forego wages', a slight increase in the nominal range, it becomes difficult to practice leisure and avoid labor, therefore there is an increase in the number of workers wiling to offer labor. The relationship between the labor supplied and nominal wage is function of different variables including price. A substantial increase in the price level will reduce the number of workers, at all wages (Wascher, 1995). LABOR MARKET AND WAGES There exists an inverse relationship between the nominal wage, and the ‘amount of labor demanded by the organizations'. A substantial increase in the wages is likely to compel the organizations to reduce recruitment schemes. The relationship has been derived on the basis of an assumption that the organization prefers saving for increased proportion of profitability i.e. such level of production is aimed by the organization which increases the profit i.e. the difference between expenses and revenue. The revenue is based on the price of an item, and quantity of the items sold (Christopher, 2005). The expanses include the amount of wages, which is based on the labor and services. Therefore, the company will prefer to maintain a minimum threshold level to secure profit, on the basis of reduction in the wages, as more workers are employed, the labor wage increases which turn the organization less profitable. The price factor may compel the organizations to recruit the employees for all wage levels. minimum wages AND LABOR MARKET: IMPLICATIONS It has been predicted that minimum wage laws are expected to increase unemployment, if minimum wage is established above equilibrium wage. It is because, a large number of employees will be interested in offering their services in exchange for higher wages, on contrary on small and limited number of such opportunities will be available. Also, the organizations will be careful about the recruitment scheme, and ensure that only well qualified people are hired on high wages, therefore there is expected to be little scope for the least skilled and inexperienced employees, thus within the labor market the unemployment level will increase (Kane, 2007). Another factor which has the potential to deteriorate the condition and extend the unemployment crisis is monopsony within the labor market. If the employer has the authority to determine the wages for the employees, it is expected that the unemployment rate will diminish because minimum wage may boost employment. The equilibrium between the labor demand and labor supply will exist only at a point when applied wage is equal to the requirements of the labor and organizations. Wages are more than the equilibrium wage, will result in unemployment i.e. the excess supply of labor. ‘Using the matching function formulation along with Nash bargaining between workers and firms, the results of Hosios inform us that an efficient labor market equilibrium requires that the elasticity of the matching function with respect to the size of the set of searchers be equal to the share of the surplus they receive’ (Kane, 2007). CONCERNS: MINIMUM WAGE It is important to understand that minimum wage is a practice control factor applicable on the labor, which can be regarded as the captivity of the economic rights of the low-paid labors, and their prospects. The increased minimum wage limit is expected to reduce America's labor freedom index to 87 percent. In the case of free market economy, the maximum utilization of the land, information, capital goods, and labors achieved through price allocation. If the prices are kept free floating, the market is considered to be real free in launch of its economic policies and business plans, which have an impact on the labor market, and the fixture of minimum wage. ‘Estimates of the bargaining power parameter, although significantly lesser than a   percent, are significantly larger than estimates of the match function elasticity and as a result yield an optimal minimum wage rate less than the then current value of $4.25’ (Swinnerton, 1996). Considering the example of an organization, the organization has the right to increase its wages to capture the attention of the labor for the employment. Wages are considered to be suitable indication to discuss the expansion of business activities, and direct employment. ‘Freely floating prices allocate resources efficiently to places where they will take root and boost economic productivity' (Christopher, 2005). Price signals have been disturbed and distorted through implementations of labor regulations, which hamper market mechanism, and restrict economic freedom of employers and employees. Minimum wage is considered to have significant impact on economic freedom, the labor supply and demand mechanism undergo disruption due to the allocation of government specified minimum wages (Card, 1995). If the situation is not existent, the minimum wage can be regarded as ‘crude instrument' which relocate the labor market towards efficient allocation. ‘The labor market is not excused from the basic economic principle that artificially high prices cause lower demand'. The National Bureau of Economic Research observed that many analysts were of the opinion that minimum wages have negative impact on the labor market, ‘almost all point to negative employment effects’. More specifically, the study also revealed that there is, ‘relatively overwhelming evidence of stronger unemployment’ impacts on less experienced workers (Swinnerton, 1996). In the case on United States, the proposed federal minimum wage has been avoided by the Congress for more than a decade. The reviewed limit for the minimum wage is expected to raise to $7.25, however analyst are of the opinion that labor market can be served well through expansion of the Earned Income Tax Credit (or EITC, a substantial wage subsidy for low-income workers). According to 2007 Index, more than 90% of the US labor market is considered independent, and the imposition of the minimum wage will not only hamper the status of the labor market, but will reduce the labor freedom factor. IMPLICATIONS The proper approach for ensuring better income for group of workers can be achieved through imposition of minimum wage. The entrance to Labor Market can be achieved through implementation of minimum wage, and this is likely to benefit least qualified individuals. ‘Labor market flexibility refers to the ease with which workers and employers can negotiate mutually advantageous labor contracts' (Nathalie, 2006). However the implementation of minimum wage has been discouraged by economist, most of the economists are of the opinion that higher minimum wage has failed to achieved the primarily goal of poverty reduction, and is responsible for unemployment. According to a survey by Canadian authorities, 10% increase in the minimum wage was responsible for the direct unemployment of Canadian teenagers by 2.5%. In this context the labor laws play fundamental role, to counter such flaws. Researchers have concluded that, the scheme of tightening of laws about labor relations is responsible for the unemployment. It has been warned that implementation of rigid laws for the minimum wage barrier will affect the performance of the organizations. It is believed that organizations will opt for recruitment of smaller staff, and sought the replacement of workers with machines, and diminishes the performance premiums and other perks, or move switch over their operations ands move to other part. EFFECTS AND ALTERNATIVE (TAX CREDIT) The increase in the level of minimum wage is considered to be blockade for the reformed economic policies of any country; furthermore it disrupts international competitiveness, labor freedom. Labor freedom, like property rights and business freedom, a detailed study report issued by The Heritage Foundation and The Wall Street Journal have concluded that, all these factors are considered to be important parameters for the evaluation of country's overall economic freedom as measured by the Index of Economic Freedom (Kane, 2007). The labor market should be based on labor freedom to strengthen the scope of economic activities that correlates the ability of workers and businesses to interact without any surveillance or official restrictions by the government. The minimum wage is although considered to be an important measure for supporting the poor and less skilled worker, but such conditions affect the business activity and shatter the economic plans of the organizations, and consequently the labor market is affected (Wascher, 1995). ‘The minimum wage disrupts the natural interaction of supply and demand and leads to inefficient allocations of labor and, eventually, increased unemployment', on contrary the government discourage the practice of competitiveness, and transform it into level economic battlefield, with restricted scope of advents (Swinnerton, 1996). The sole objective of minimum wage is to provide higher income to low earners, but to avoid the negative fallout of labor market, the execution of such policy should be avoided, and therefore policies based on negative income tax or earned income tax credit should be introduced to favor the low wage earners. Such methodology is considered to be economic efficient. The classical analysis of minimum wage support the idea that higher wage earners should help the low earners, the restriction of higher minimum wage is likely to affect the services and jobs of the low wage earners, therefore the labor market can be strengthen by providing sufficient incentives to ‘ low wage workers at the expense of other low wage workers and businesses employing low wage workers' (Card, 1995). The alternative scheme of negative income tax or earned income tax credit support the low earners, and it is the over all society that incurs the cost, and this further stabilizes the labor market. The scheme is considered to be economically viable, ‘because, a low tax rate on the broader economy causes less deadweight loss than a high tax rate on a small section of the economy' (Wascher, 1995). It has been reported that the approved EITC has increased the level of earnings by 40 percent; the proposed $7.25 of minimum wage after taxes for a full-time worker is expected to double the EITC. It is expected that minimum wage and tax credit scheme will rekindle the hope of low earners, and re-link them directly to the benefits of growing economy. REFERENCES Tim Kane, Ph.D. and Anthony B. Kim. A Higher Minimum Wage Equals Less Economic Freedom. 2007. Prentice Hall. pp. 125 Neumark, D. and W. Wascher. Minimum-Wage Effects on School and Work Transitions of Teenagers. American Economic Review 85. 1995. pp. 244-249. Card, D. and A. Krueger. Myth and Measurement: The New Economics of the Minimum Wage. Princeton: Princeton University Press. 1995. Swinnerton, K. Minimum Wages in an Equilibrium Search Model with Diminishing Returns to Labor in Production. Journal of Labor Economics 14. 1996. pp. 340-355. Christopher J. Flinn. Minimum Wage Effects on Labor Market Outcomes under Search, Matching, and Endogenous Contact Rates. New York University Publications. 2005. pp. 45 Nathalie Elgrably. The Minimum Wage and Labor Market flexibility. December 2006.Montreal Economic Institute Publications.      

Metaphors in The Play “As You Like It” Essay Essays

Metaphors in The Play â€Å"As You Like It† Essay Essays Metaphors in The Play â€Å"As You Like It† Essay Essay Metaphors in The Play â€Å"As You Like It† Essay Essay Essay Topic: As You Like it In his drama. â€Å"As You Like It. † and by and large in all his authorship William Shakespeare uses a batch of metaphors. In. â€Å"As You Like It. † he has Rosalind who is disguised as male child named Ganymede use an interesting metaphor that explores the relationship between the ingestion of clip and the motion of a Equus caballus based on temper or pleasance. In my sentiment the lone ground that Rosalind of all time uses the metaphor is to seek to convert Orlando. the adult male she has fallen in love with and knows that he loves her. that she is wise when it comes to love and that she as Ganymede could bring around his love by giving him love lessons. The metaphor proves to be effectual because by the terminal of their conversation Orlando is convinced that Ganymede could bring around him. When Rosalind foremost approaches Orlando disguised as Ganymede she asks him for the clip. Orlando answers by stating that there is no manner to cognize the clip in this wood because there are no redstem storksbills. He says that it would be more appropriate to inquire for the clip of twenty-four hours. Rosalind follows this up by stating. â€Å"Then there is no true lover in the wood. else suspiring every minute and moaning every hr would observe the lazy pes of clip every bit good as a clock. † ( III. two ; 275-77 ) . By this she means that a true lover is merely every bit good at stating clip as a clock because they are ever believing about the 1 they love and every minute they sigh and every hr the moan. Orlando admirations why Rosalind said the lazy pes of clip instead than the fleet pes of clip because he thinks it would hold been merely as appropriate. Rosalind explains how clip travels at different velocities for different people and how she could state who clip promenades for. who clip jogs for. who clip gallops for. and who clip stands still for. Orlando asks her about each velocity and Rosalind gives an illustration of the sort of individual who would hold clip move at each gait. When Orlando asks who clip jogs for Rosalind says. â€Å"Marry. he trot difficult with a immature amah between the contract on her matrimony and the twenty-four hours it is solemnized. If the interim be but a se’nnight. times gait is so difficult that it seems the length of seven twelvemonth. † ( III. two ; 285-88 ) . By this she means that between the clip a adult female gets engaged and the twenty-four hours of her nuptials clip seems to travel easy. This is because the adult female is exited and dying. A week’s clip could look like 7 old ages. It is my belief that clip ever moves the antonym of how you want it to. When Orlando asks who clip promenades for Rosalind replies. â€Å"With a priest that lacks Latin and a rich adult male that hath non the urarthritis. for the lone slumber easy because he can non analyze and the other unrecorded happily because he feels no hurting – he one missing load of thin and uneconomical acquisition. the other cognizing no load of heavy boring indigence. These clip ambles however. † ( III. two ; 290-95 ) . To mosey is to walk in a easy manner. Both the priest and rich adult male have reasonably easy lives in which they are non really busy. Because they do non make anything clip seems to travel easy. When Orlando asks who clip gallops for Rosalind answers with. â€Å"With a stealer to the gallows. for though he travel quietly as pes can fall. he thinks himself excessively shortly at that place. † ( III. two ; 297-98 ) . A stealer on his manner to the gallows walks every bit slow as he perchance can but clip still seems to travel so fast. This is another illustration of how clip seems to travel the antonym of how you want it excessively. When Orlando asks who clip stands still for Rosalind says. â€Å"With attorneies in the holiday. for they sleep between term and term. and they perceive non how clip moves. † ( III. two ; 300-01 ) . Lawyers on holiday sleep off their vacations and have no sense of clip. To them it is similar clip is non traveling at all. Whenever I am on holiday I normally sleep it off and when I do wake I have no thought how much clip has past. I have been playing association football for about 6 old ages now and I have learned that at my games clip either mover fast or decelerate. Normally when my squad is winning clip moves slow because I want the game to stop. When my squad is losing clip seems to travel fast because I do non desire the game to win. I want my squad to come back and win. I have learned that clip neer works the manner you want it excessively. Shakespeare’s metaphors add a batch of intending to his authorship. Without them he might non be every bit good cognize as he is now. The metaphor in. â€Å"As You Like It. † adds a batch to the narrative. It non merely adds affect but besides plays a function in the plot line. If Rosalind had non used she may hold non been able to convert Orlando to take love lessons with her and that would do a immense alteration in the narrative.

History of Computer Essay Example

History of Computer Essay Example History of Computer Essay History of Computer Essay HISTORY OF COMPUTER THE PRE-MECHANICAL AGE: 3000 B. C. – 1450 A. D. 1. Writing and Alphabets – Communication First development of signs corresponding to spoken sounds, instead of pictures, to express words. Around 2000 B. C. , Phoenicians created symbols that expressed single syllables and consonants (the first true alphabet) The Greeks later adopted the Phoenician alphabet and added vowels; the Romans gave the letters Latin names to create the alphabet we use today. 2. Paper and Pens – input technologies. Sumerians’ input technology was a stylus that could scratch marks in wet clay. About 2600 B. C. , the Egyptians wrote on the papyrus plant. Around 100 A. D. , the Chinese made paper from rags, on which modern-day paper-making is based. 3. Books and Libraries – output technologies (permanent storage devices) Religious leaders in Mesopotamia kept the earliest â€Å"books† The Egyptians kept scrolls. Around 600 B. C. , the Greeks began to fold sheet of papyrus vertically into leaves and bind them together. 4. The First Numbering System Egyptian system: The numbers 1-9 as vertical lines, the number 10 as a U or circle, the number 100 as a coiled rope, and the number 1,000 as a lotus blossom. The first numbering system similar to those in use today were invented between 100 and 200 A. D. by Hindus in India who created a nine-digit numbering system. Around 875 A. D. , the concept of zero was developed. 5. The First Calculator: The Abacus. One of the very first information processor. The Abacus was man’s first recorded adding machine. It was in 500 B. C. when the Abacus was invented in Babylonia, then popularized in China, the Abacus is an ancient computing device constructed of sliding beads on small wooden rods, strung on a wooden frame. You could call the Abacus as the first Calculator. THE MECHANICAL AGE: 1450 – 1840 1. The first Information Explosion. Johann Gutenberg ( Mainz, Germany; c. 1387-1468) Invented the movable metal-type printing process in 1450. 2. The first general purpose â€Å"computers† People are the one who held the job title â€Å"computer†: One who works with numbers. 1614 John Napier introduces logarithms, he invents logs. Logs allow multiplication and division to be reduced to addition and subtraction. 1617 John Napier employing an ancient numerical scheme known as the Arabian lattice, lays out special version of the multiplication tables on a set of four-sided wooden rods, allowing users to multiply and divide large numbers and find square and cube roots. 1623 Wilhelm Shickard, a professor at the University of Tubingen, Germany who invented the first mechanical calculator that can work with six digits and carries digits across columns. 1625 William Oughtred (1575-1660) invented the slide rule. 1642 Blaise Pascal invented a mechanical calculation machine and he called it as Pascaline. The Pascaline can solve mathematical problems like addition and subtraction. 1671 Gottfried Leibniz, a German mathematician who invented a machine called Stepped Reckoner that could multiply 5 digit and 12 digit number yielding up to 16 digit number. 1801 Joseph-Marie Jacquard developed an automatic loom that was controlled by punched cards. 1820 Charles Xavier Thomas de Colmar a French who developed the Arithmometer, This device performed the same type of computations as Leibniz’s Stepped Reckoner, but was more reliable. 1821 Charles Babbage invented the first, modern Computer Design: a steam powered adding machine called the â€Å"Difference engine. † Babbage understood that long math problems were just repetitive operations. Therefore, Babbage made a machine to automatically solve math problems. 1832 Babbage also invented the â€Å"Analytical Engine. † A mechanical adding machine that took information from punch cards to solve and print complex mathematical operations. 1842 The first program was written by Ada Augusta Lovelace for Babbage’s Difference Engine. Thus Ada Lovelace is credited with being the first computer programmer. The programming language Ada is named in her honor. THE ELECTROMECHANICAL AGE: 1840 – 1940 1. The beginning of Telecommunication. Voltaic battery The first electric battery, known as the voltaic pile, was invented in 1800 by Alessandro Volta. Telegraph Samuel F. B. Morse conceived of his version of an electromagnetic telegraph in 1832 and constructed an experimental version in 1853. Telephone and Radio 1876 Alexander Graham Bell developed the first working telephone and transmitted his now famous quotations â€Å"Watson, come here, I want you. † 1894 Guglielmo Marconi discovered that electrical waves travel through space and can produce an effect far from the point at which they originated. 1852 George Boole develops binary algebra. This became known as Boolean algebra and became important in the 20th century when binary computers were developed. 2. Electromechanical Computing 1853 Pehr and Edvard Scheutz complete their Tabulating Machine, capable of processing fifteen-digit numbers, printing out results, and rounding off to eight digits. 1885 Dorr Felt devices the Comptometer, a key driven adding and subtracting calculator. 889 Felt’s Comptograph, containing a built-in printer, is introduced. 1890 The first person to successfully use punched cards- specifically for census taking- was Herman Hollerith. By the 19th century, the number of people in the United States was so large, it took seven years to count them all. 1893 Otto Shweiger, a Swiss engineer, invented the first efficient four function calculator called the Milli onaire. 1906 Lee De Forest invented the Vacuum tube. This was important because it provided an electrically controlled switch; a necessity for digital electronics computer. History of the computer electronic age Presentation Transcript HISTORY OF THE COMPUTER THE ELECTRONIC AGE 1941-PRESENT 1941: KONRAD ZUSE Built the first programmable computer called the Z3, capable of following instructions . Z3- was the first fully functional, PROGRAM CONTROLLED computer of the world. Z1 Z3` 1942-Howard Hattaway Aiken A student of Harvard University built the Mark I â€Å" The First Stored-Program Computer. ASCC Harvard Mark 1 is 8 feet tall, 51 feet long, 2 feet thick, weighed 5 tons, used about 750,000 parts, 500 miles of wires, 3-5 seconds per calculation. A- Automatic S-Sequence C-Controlled C-Calculator 1942: John Atanasoff and Clifford Berry Completed the first all-electronic computer, called the ABC Computer, it was the first computer to use electricity in the form of vacuum tubes to help make electric computation possible. This is used for solving complex system of equations. ATANASOFF BERRY THE FOUR GENERATIONS OF DIGITAL COMPUTING THE FIRST GENERATION COMPUTERS: 1951-1958 VACCUM TUBES AS THEIR MAIN LOGIC ELEMENTS. PUNCH CARDS TO INPUT and EXTENALLY STORE DATA. ROTATING MAGNETIC DRUMS FOR INTERNAL STORAGE OF DATA PROGRAMS. First generation computer had vacuum tubes, resistors, and welded metal joints. They were large, slow, expensive, and produced a lot of heat. Often broke down because of burned-out vacuum tubes. Also needed many experts to operate them. When running these computer, people stood by shopping carts full of replacement of vacuum tubes. 1945: PRESPER EKERT and JOHN MAUCHLY Developed the first operational electronic digital computer, called ENIAC, for the US Army. It is over 1000 times faster than Mark I, and could perform 5,000 additions per second. E- Electronic N-Numerical I-Integrator A-and C-Calculator ENIAC had more than 18,000 vacuum tubes, and took up 1,800 square feet of space. In addition, the electrical current of ENIAC required could power more than a thousand modern computers. Today ENIAC’s technology could fit in a modern wristwatch. ECKERT and MAUCHLY 1951: UNIVAC This computer was also designed by Eckert and Mauchly , became the first commercially available electronic computer. One of this version the UNIVAC 5 was used to predict result of the 1952 US presidential election. It is used for business transactions and operations. UNIVAC is 5 feet tall, 50 feet in length. Consist of 5,600 vacuum tubes and 18,000 crystal diodes. An internal storage of 1000 words or 12,000 characters. UNIV ersal A utomatic C alculator 1951-1953: MAGNETIC CORE MEMORY This was the fastest type of memory until the late 1980’s. 1953: IBM 701 Known as the â€Å"DEFENSE CALCULATOR. IBM’s first commercial or business scientific calculator.

Final Exam Case Study Example | Topics and Well Written Essays - 1000 words

Final Exam - Case Study Example refore, the proper focus on time can help him manage his business very well with regards to the sale of products and services (Turban, Volonino, Wood & Sipior, 2013). b) Growth: the business has been expanding and at times becoming hard for Ted to manage effectively. This is witnessed at the expressed desire by Ted to expand the bicycle repair work. He at one time had to close down the store due to overexpansion. Ensuring ted’s business growth without running into issues such as the overexpansion is significant and requires that Ted strategize his business not to over expand for proper management. c) Operational effectiveness:Ted has a lot to manage as currently he has to manage five stores. Ted has to manage everything from staff to ordering from his suppliers, and even works in one of the stores twice a week in order to save on costs. Therefore, if Ted can better manage his operations, it would help him in expanding his bicycle repairs and get his business to grow (Turban et al., 2013). a) Weather: Ted to has open his business when there is favorable weather to ride any bicycle. During the rainy periods, he has to close down and open during the weekends and during the sunny days he has to open because the weather is favorable. Ted needs information on weather because cycling is deeply affected by weather conditions. b) Advertisement: Ted needs to advertize his business well in order to boost his sales. This is a good strategy as it will enhance his competitiveness with other firms producing similar products and in turn win his clients. He should have information on the best advertisement channel that will reach his targeted market on time without any delays (Turban et al., 2013). The advertising agency should also suit his goods and be cost effective according to his ability. c) Sales: this is basically a vital information Ted has to be updated on. The quantity of sales he should make within a given period of time should be dependent on the demand and

Ethics in Management Essay Example | Topics and Well Written Essays - 1500 words

Ethics in Management - Essay Example Values which we believe guide us on how we should act and behave are said to be moral values, for example: respect, honesty, fairness, responsibility etc. if you put these values in Statements, they would be called ethical principles. (Free Management Library, 1997) The concept of Business Ethics means different things to different people, but generally it refers to being aware in an organization about what is the right or wrong step in the workplace and then doing the right thing. Ethics are all about making decisions that may or may not be to your benefit but you make them because they are the most socially acceptable solutions. In organizations, being ethical is not considered a good thing or is thought to have a negative effect. This is because the organizations are usually about doing what's best for becoming the top organization, this mean sometimes not doing the right thing. This is especially with regard to effects of products and services and with the relationship and organization has with its stakeholders. Giving importance to business ethics has become extremely critical during times of elemental change, this change in the way organizations work both profit and non-profit has come with the changing perceptions of people especially bu siness professionals. Values and beliefs that were previously ignored and taken lightly are now strongly questioned. Many of these values that are ethical and socially acceptable are no longer given attention; as a result, there is no clear moral mentor or employee to guide future leaders through difficult problems and about what is right or wrong. When people start working and behaving ethically, they become more sensitive to their colleagues and subordinates. The best example for this would be when the leader and his or her employee maintain a strong and moral attitude during a time of crises. (Brotherton, 2003) (Free Management Library, 1997) Being ethical in an organization can have negative effects on the profitability of the organization and this may be something that the stakeholder might be unhappy with but it is very important for both the stakeholder and the organization to understand that long term goals and objectives are more important and fruitful than short term goals and by being morally sound and sensitized organization you will win the long term trust of the customers therefore be beneficial to the stakeholders indirectly. (Free Management Library, 1997) Business ethics is now being considered a management discipline, especially after the social responsibility movement in the 1960s and policies like affirmative action policies that addressed society's most sensitive moral and ethical issue, discrimination against color, caste and race. In that era, social awareness movements increased the expectations of organizations especially multinational corporations to use their strong financial and social influence to throw light on some of the major social problems such as poverty, crime, environmental protection, equal rights, and public health and literacy programs. (Brotherton, 2003) A growing amount of population emphasized on that organizations were making a profit from using our country's resources, human capital and natural; these organization had the responsibility to improve society for the welfare of the country (Jaszay, 2001). Many

Coca Cola Buy, Sell or Hold Essay Example | Topics and Well Written Essays - 3000 words

Coca Cola Buy, Sell or Hold - Essay Example the year 1886, but even though John had great pharmaceutical capabilities, he lacked marketing skills due to which he was not able to create the kind of hype of this non – alcoholic drink as we know today, thus realising Coca Cola as a remarkable and an extraordinary product Asa Candler purchased the formula and the Coca Cola brand from John realising this as the perfect business opportunity. Candler was born in Georgia and had great motivational capabilities, prior to purchasing Coca Cola he was a pharmacist and had purchased this soon to be the most renowned brand - name for just $2,300. And not long after that he became a millionaire and became to be known as one of the top most business tycoons in the United States. He was also elected as the Mayor of Atlanta in 1916 just when he retired from Coca Cola. The most amazing performance of his management skills were displayed when he successfully launched his marketing campaign and distribution channel for the Coca Cola brand name. He decided that it was best to only create the raw soft drink and instead of appointing the company’s executives to market the product the company would appoint various bottling plants as their ‘C & F’ or Carrying and Forwarding agents. The strategy was a success since the early launch and this marketing strategy boosted the sales of Coca – Cola not only in America but throughout the whole wide world. Even today the Coca Cola Company administers its marketing operations in the same way, although with minor adjustments, such as they purchase most of the stake in most of the bottling plants to remain in power. Coca – Cola is the most renowned brand name through out the whole world with an established market base in over 200 countries and in possibly every corner of this world. But recognition has its shortcomings, and one of the negative sides of recognition is that it brings controversies along with it. This is especially true in case of the Coca – Cola Company; it is a

My Alignment with the Values of the Bank Essay Example for Free

My Alignment with the Values of the Bank Essay According to Business Dictionary 2010, values can be defined as the important and enduring beliefs or ideals shared by the members of a culture about what is desirable and what is not. Each person has his or her own individual values and so does organizations. The values of organizations dictate its actions and behaviors. Corporate values can be said to play an important role in an organization and is imperative to success. And Access Bank PLC is known for its core values which are Excellence, Leadership, Empowered employees, Passion for customers, Professionalism, and Innovation. These values can be said to be responsible for its excellence and continuous strive to be the best both locally and globally. To attain a successful alignment between individual and organization values, there needs to be a synergy between the employee and the organization he or she works for. My alignment with these values are in no doubt because I as an individual always strive to be the best and these values should be cultivated by any individual or organization that strive to be the best. Firstly the value of Leadership, I as an individual that strive for excellence always want to be the leader. I strive to acquire all the necessary knowledge and expertise that makes me stand out as a leader that others look up to. So in this vein, contributing and believing in the Leadership value of Access Bank PLC is something that will come as second nature to me. Then there is excellence. This being part of my daily mantra is a value that aligning with will also come as second nature. I and Access Bank both believe in the value of excellence. As someone who strive to be the best and excel. Excellence is a watch word that applies to everything I do. I recognize the importance