Freeman Stakeholder Theory Essay Example | Topics and Well Written Essays - 500 words

Freeman Stakeholder Theory - Essay ExampleEmployees view as their jobs and livelihoods at stake and suppliers provide raw materials to the corporation, so its success is vital to their success. Similarly, managers, customers and the community are other stakeholders in the corporation, all of whom stand to benefit from it. (Freeman, 1984).On this basis, Freeman argues that changes that have occurred in corporations law have resulted in constraints, in that stakeholder interests are being compromised in the interest of promoting the interests of stockholders, which has produced an outcome that is not conducive to the general good. He therefore contends that all stakeholders have the beneficial to benefit equally and need to participate in determining the future direction of the firm. The purpose of the firm cannot be described as merely that of maximizing profits for stockholders (Freeman, 1999).Freeman bases his Doctrine of Fair Contracts on a normative basis, i.e, that fairness di ctates that the purpose of the firm and its operations should be such(prenominal) as to correspond that there is a basic equality maintained among all groups of stakeholders. Therefore, the normative basis applies justice and fairness, as outlined in Rawls theory, using the device of the neighborly contract. Under the social contract, every person has the right to certain basic liberties, which are equal to that which others have (Rawls, 197153). Furthermore, opportunities should be available to everyone without restriction and they must be of the greatest benefit to the least advantaged members of society (Rawls, 1971303).Applying a normative basis to stakeholder holder theory, the guiding principle is that a firm should be managed in such a appearance that the benefits are balanced for all stakeholders and this is achieved by the Fair Doctrine principles outlined above. When a firm is managed in such a way that only stockholders benefit, then this may undermine the

Cultural Awareness on Iran Research Paper Example | Topics and Well Written Essays - 1750 words

Cultural Awareness on Iran - Research Paper ExampleIran possesses a unique culture that traverses across some(prenominal) elements. Culture is an aspect that achieves definition from different entities. Persian culture belongs to the larger Persian identity that defines most countries in the same region. Persian culture frames angiotensin-converting enzyme of the richest compositions in the world. This relates to literature, architecture and live customs that date back to three thousand years ago in the Zoroastrian age. Throughout civilization, this culture transferred to the east and western nations. It is notable that many western celebrations achieve their articulation from Persian culture. Art is an imminent feature of Persian culture. Art and culture interweave to form a prominent civilization. This reveals in the form of exquisite carpets, distinct architecture, subtle soulful music, blue mosques and brilliant literary work. Notably, Farsi forms one of the richest language s in the world. ... Bakhtiaris and Lurs speak the Luri dialect. thither are semi nomadic people who speak the Baluchi language. They live in the adjacent areas, of Pakistan and Afghanistan, in the southeastern Iran. Twenty eight percent, of the Iranians, speak various Turkish dialects. Arabs and Assyrians mostly speak Semitic languages. Islam defines the core of Iranian culture and life. Islam forms the piety that governs political economic, legal and personal lives of Iran. In this aspect, Prophet Muhammad is the last God spy that brought revelation to mankind. Islam provides that this message belongs to the whole of mankind. As in the example, of the Bible, Quran is the basic guidance of their religious life. Unlike the provision of the Bible, Quran strongly dictates many aspects of Iranian lives. Muslims start notable obligations such as praying five times a day. Friday forms a holy day in the Muslim worship calendar. Islam is an influential religion that dictates closure of c ompanies on Thursdays. In the holy month, of Ramadan, all Muslims are mandated to fast. Notably, Iran forms the only Shiite state of all the Muslim countries. Sunnis believe that the successive leadership of the Muslims did not have to come from the Prophet Muhammad family. The Shiite believes that the Islam leadership should have been monarchial. Iran and Iraq possess the highest population of Shiites. In terms of family values, the family forms the core social unit. In an Iranian setting, a family forms a actually private unit. This is a distinct aspect whereby female relatives face protection from outside influences. A clear manifestation, of this cultural aspect, pertains to the taboo of asking a interrogation about female relatives and someones life.

Case Analysis Essay Example | Topics and Well Written Essays - 250 words - 3

Case Analysis - Essay ExampleThe whole point hind end sponsoring a person is because of the recognition he or she has and that recognition helps them to sell their goods. It was also mentioned that when Dwyane Wade showed his skills during the 2005 playoffs, his intercourse contract was revised from $500,000 to 10 million dollars. This shows that converse is mainly depending on his performance and based on his performance his popularity and fan following at large. The risk involved in this kind of partnership is the faker performance. He cannot assure that he will keep on performing. Rather this factor can never be constant. There are ups and downs in sports. So once the performance level of Dwyane Wade f whollys, his fans will start decreasing and so will his popularity. This in return will affect the sales of all the products being promoted through him. This is the main risk factor associated with this case. However this issue cannot be stopped or avoided. The companies need to be careful before doing double investment related to

Political parties Personal Statement Example | Topics and Well Written Essays - 250 words

Political parties - Personal Statement ExampleHe or she achieves this by coming up with a lose-lose model which creates warfare between the political parties. Political parties in U.S are divided into two. First are the traditionalists or republicans who are contented with how things are. Secondly are the progressives or the democrats who moot in moving the society forward. Both groups believe in different ideologies. Therefore, the loser meets his or her political greed by holding on to the ships company ideology, thus forcing other members to vote against a particular motion in parliament. This becomes difficult for the government to meet its objective effectively, living the citizens unattended.As a state, Americans requisite to realize that traditionalists and the progressives have views that will never complement each other. With this in mind, they should not allow the losers ideologies to take down what they voted for in order for the government to experience its promises t o

Financial Analysis (Tesco and Wall-Mart) Coursework

Financial Analysis (Tesco and Wall-Mart) - Coursework ExampleTesco plc is a general product retailer and a multinational grocery, which is has its headquarters in Cheshunt, UK. Perhaps it is the worlds third largest retailer in terms of revenues. The other retailers that are forrader of it are Carrefour and Wal-Mart, and it is also the second largest in terms of profit, whereby it comes after Wal-Mart. The retailer has branches in fourteen states crosswise North America, Asia, and Europe. In the United Kingdom, it is the loss leader in the grocery market whereby it controls a market share of about thirty percent. It was established by Cohen Jack back in the year 1919 as a small market stalls group (MacLaurin, 2002, p.76). Interestingly, the company generates approximately eighteen one million million million pounds in sales, offer employment for around one hundred and eighty thousand people and earn about seven hundred million pounds in revenue from outside of the United Kingdom . Currently, the have about deuce thousand and twenty six stores running outside the United Kingdom. However, within the United Kingdom, the company runs 2 thousand, two hundred stores and offers employment for about two hundred and eighty five thousand individuals. ... The company employs around two million, one hundred thousand people from all over the world. The company has trading operations or presence in over ten states, which include China, Brazil, Argentina, Honduras, Nicaragua, Canada, Costa Rica, United Kingdom, Japan, India, El Salvador, Mexico, Chile and Guatemala (MacLaurin, 2002, p.26). They earn around one hundred billion dollars from stores that are located outside the United States, approximately twenty five percent of the total revenue. They run over eight thousand, four hundred stores across the globe. The company operates on a model of price leadership. Clients are aware that the company can offer them the lowest process for what they need. Unlike Wal-Mart, we find that Tesco pot decided to adopt a kind of approach that is multiple format not only in its native market but also in the global operations. Whereas the company managed to be successful in all the twelve international markets that it ventured in, Wal-Mart did not manage to be successful that is it was not able to arouse a its presence felt in a number of markets (Simms, 2009, p.45). Nevertheless, after strongly managing to establish itself or making a mark in the emerging markets, in the year 2007, Tesco Corporation entered into the United States market after carrying out thorough and comprehensive groundwork. Tesco Company came out with a one of its kind unexampled convenient store approach, which is Fresh & Easy based on its comprehensive market research and after a very short time, the approach be to be a great success and considerably gained an extensive acceptability and was embraced by most of the consumers in the United

The Novel Kate Chopin The Awakening and the Short Story by Kate Chopin Essay

The Novel Kate Chopin The Awakening and the Short Story by Kate Chopin The Story of an Hour - Essay ExampleSometimes cultural expectation or accessible conditions make people behave in a typical manner. Kate Chopins short story The Story of An Hour and his novel The awakening are both works in which the social conditions or the cultural expectations compel people to flying to the world of freedom (Petry, 1996) (Koloski, 1996). The protagonist of the novel The awakening longed to take herself outdoor(a) from the expectations of her society (Telgen and Hile, 1998). While reading between the lines of The awakening, readers can find that the most crucial incident, the suicide of Edna (at the end of the book) is a consequence of her attempt to escape from everything and to tear herself away the social expectations to which she was strongly bounded to (Ewell, 1986). Her mentality was one of despair in which she does not wanted to live in the way she was sibyllic to be. Reading thorou gh the mind and sole of Edna, we can see that the decision that she has taken at the end was the one and only solution for her to escape from the ingrained struggles she suffered. She had violated the line that marks the norm of the society (and its conventions) of the late 1800s (Telgen and Hile, 1998). Ednas despair that she will not be able to live in the judge manner, leads to her take her own life. ... Edna was actually becoming free (recognizing her selfhood) attaining freedom and victory that was denied to her by Robert. Edna is a woman who should have born couple of centuries later she would neer fit in the life of the 1800s. Roberts demand for Edna to be his wife, a bring-woman, following all the social conventions and followings, were unacceptable to Edna. As far as she was concerned, much(prenominal) a submission to his desires is a denial of her identity. Edna was unable to face this reality and she opted not to live rather than being submissive to the followings. S he does not want herself to be locked inside the societal cage in which men others wanted her to reside. Her outlook and personality made her unfit for the life of her times. Ednas life became quite irreconcilable for the role her lover, husband and what the society demanded for her. Ednas personal desire of freedom was denied in all her relationships, her father, her husband and even Robert (Ewell, 1986). Everybody denied her wish to live in her freedom and wanted her to submit her sense of self in the role she was expected to play. Edna refuse to play these roles and her sense of self was too strong and very singular for her. Ednas sense of self makes impossible her role of wife and mother as defined by her society yet she comes to the discovery that her role of wife and mother also makes impossible her continuing sense of independent selfhood (Chopin, 1982). She was found to be moving into the water and swimming away from the shore where she would remember Leonce and the childr en. They were a branch of her life. But they need not have thought that they could possess her, body and soul (Chopin,

Legal Responsibilities of a Nurse Essay Example | Topics and Well Written Essays - 750 words

Legal Responsibilities of a Nurse - Essay ExampleFrom this paper it is clear that nursing laws state that a absorb should act as an intermediary between the physician and the patient. Nurses have to c befully monitor the patient and report to the physician if some(prenominal) abnormality is observed. A nurse is legally responsible for interpreting the patients charts and files and thereby identifying what allergic reactions the patient may develop against different medications. Nurses are legally required to provide the patient with assistance in issues like hygiene if the patient necessarily it. Some patients may move out of the infirmary environment and use infectious facilities during the course of interference. Undoubtedly, this situation would adversely uphold the patients disease recovery process. Hence, a nurse has the legal duty to pay proper attention to his/her patient and thereby avoid those adverse situations. In short, a nurse should avoid all acts that are likely t o affect the patient safety or quality of the care badly. This discussion highlights thatthe major legal responsibility of a healthcare employer is that he should maintain a wholesome healthcare environment where patient safety is specifically met. Healthcare laws indicate that employers are legally required to employ sufficient number of staff that is inborn to achieve patient safety and quality care.An employer has the legal responsibility to ensure his employees safety and welfare.... In addition, the employer has to ensure that his staffs are provided with necessary medical equipments and other treatment facilities. Employers must provide their staff with a potential worksite environment where elements of stressors are minimal. An employer has the legal responsibility to ensure his employees safety and welfare. It is the legal responsibility of an employer to assess the seek factors existing in the workplace environment and do whatever is practicable to minimize the level of those risks. Hence, a healthcare employer should encourage his staff to report both issue or pitfall in the work environment that is likely to hurt patient safety or employee efficiency. In addition, the employer is legally responsible for nonrecreational immediate attention to issues that are likely to impact the quality of care. American Medical Association in its code of medical ethics has specified the unplumbed elements of doctor-patient relationship and patients rights. Those rights involve the basic right to have adequate health care and the right to courtesy, respect, dignity, responsiveness, and timely attention to health needs (Kwon, n.d). Hence, a medication error will certainly constitute violation of patients rights. In the view of Kitchener, autonomy, nonmaleficence, beneficence, justice, fidelity, and veracity are the six fundamental ethical principles in the healthcare (as cited in Corey, Schneider & Callanan, 2010, p. 19). Hence, through the medication error, the nurse violated the principle of nonmaleficence, which states that do no harm to clients intentionally or unintentionally. Even though the nurse violated the basic nursing principles and thereby patient rights were