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

Freeman Stakeholder Theory - Essay Example Employees have their jobs and livelihoods at stake and suppliers provide raw materials to the corporation, hence 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 right 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 dictates that the purpose of the firm and its operations should be such as to ensure 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 social contract. Under the social contract, every person has the right to certain basic liberties, which are equal to that which others have (Rawls, 1971:53). 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, 1971:303). Applying a normative basis to stakeholder holder theory, the guiding principle is that a firm should be managed in such a way 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

Product design overview Coursework Example | Topics and Well Written Essays - 250 words

Product design overview - Coursework Example The design places open drawers underneath the table with elevated sides and fluid mechanical structure for easy and minimal effort in sliding the drawers and for tagging along of the product. With no doubts, this concept of a product is actually possible to render. The product is viable and can be made by the Just Add Glue workers who have certain limitations because there are already existing counter tables with drawers that are industry made by workers with basic molding tools. Although existing, these counters are made of driftwood and tiles which make these existing counter drawers hard to maneuver, not made for mobility, and are not geared for the elderly people. These existing counters are hard and heavy to open the drawers, and impossible to tag along because of the material. On the contrary, the Tag-along product is actually a portable counterpart of these kitchen counters that already exist. This can be produced by the JAG workforce since simple molding tools can produce the Tag-along table. The feasibility of this project is unquestionable as it can be easily moved along in the kitchen while storing all the kitchen necessities. It is lightweight which makes the target consumers, which are old people, taken into consideration. The target market is real because there is a need for elderly people to be effort efficient when they move about the kitchen. As seen in the Survey Results Analysis, there were actually real people who were willing to pay the average of 60$ from 67% of the senior respondents for the Tag-along Table product. These consisted of 47% who thought 60$-80$, 20% of the respondents who were willing to pay 40$-60$, These target market range from the 50-80 year old elderly people in the suburbs of Eastern and Western Sydney. According to Australian Bureau of Statistics In June 2010, there has actually

Explication of a poem Essay Example | Topics and Well Written Essays - 750 words

Explication of a poem - Essay Example wen presents a poem which through its rich imagery, use of sounds and literary allusions, creates a picture of the soldier that is extremely different from the conventional portrait of the soldier. The most important contribution of this poem to one’s understanding of war is the fact that it breaks down the notion of war as an honorable occupation for men. Such accounts of war are almost always premised upon the masculine prowess of the people involved in the war. This poem, however, significantly, alters the view of the soldier as a masculine person. What the poem does is to introduce images of the soldier as a helpless weakling who is trapped in the hostilities between two nations. The sight of the soldier is that of a man â€Å"guttering, choking, drowning† and immersed in pain. The â€Å"desperate glory† (Owen) that he seeks turns out to be a mirage, something that is unattainable in modern warfare. What Owen seems to be indicating is the fact that the older forms of warfare that led to lesser numbers of casualties had given way to more dangerous and more impersonal forms of warfare that led to the numbing of the soldiers in question. One of the most important techniques that the poem uses in order to undercut the rhetoric of war and patriotism is the very rhyme pattern that it follows. The rhyme scheme is abab. This resembles the marching pattern of an army. The pattern, however, in the poem, only symbolizes death and decay. It represents the impossibility of progress and the boredom that accompanies a life as a soldier. Even instances of urgency and vigor are followed and accompanied by the clumsiness of wearing one’s â€Å"helmets just in time†. This is an example of a transferred epithet where the characteristics of one object are transferred to the other. The very basic act of marching is undercut and parodied in the poem, something that locates it in a canon of anti-war poetry. War is thus, something that stunts the growth of one human being and of the

Managing people Essay Example | Topics and Well Written Essays - 2000 words

Managing people - Essay Example 246-250). In this scenario, an important element is to figure out during what time there is more record of absence, since it could be due to more excessive working hours, no offs per week, working extra hours, more work and less encouragement causing employees to feel the motivated and demoralized. It is important for the organization to assess the situation and design strategies to bring back the presence of its employees on a daily basis. And this also brings a lot of responsibility and looks upon the efficiency of the HR human resource management to skillfully design ways to encourage employees to come to work on time daily and be more productive for themselves and the company (Preece, 2010). A few interesting trends that follow absence in employees are as follows: When there is an air of downsizing in any company, related to its economic instability and productivity stress (McPheat, 2011). Surprisingly absentees are more common in youngsters than older employees. Analysis on a we ekly basis there is absence mostly on Fridays and Mondays. Earlier and even organizations are now following the Draconian Policies that just push away the employees and burden them psychologically. Instead if they understand the employee’s needs and follow a flexible off time from work schedule, including sick leaves, casual leaves, vacation such can be very helpful in the reduction of unscheduled days off (cipd.co.uk, 2013). According to a few HR Experts, they say â€Å"If a Company fails to give their workers a sense of their â€Å"Importance and Value to the Organization† such results in less motivation and dedication resulting in absence (Baker-McClearn et al., 2010)† Reputed organization consists of many bases in which management is the primary function at all. Without a tremendously functioning management, no organization can acquire an eminent position. Therefore, management requires several competent and credible employees to attain a good position. As w e find many organizations undoing and the critical problem behind their failure is the absence management (Preece, 2010). Absence management happens mostly due to sickness, unprofessional and immoral employees, and leniency in the policies. The foremost is the lenient policy gives an extra margin to recruits by which they get fearless of being off. Another chief reason of destabilized management highlights lack in the proficiency of the HR team brings immature employees into the company. What can be the effective approaches in the transformation of absence Management? In every state we find a military department as the most powerful and well being, functioning properly and accurately. The prime reason behind their success indicates proper training, maintenance of discipline, and the methodology in each act. They do the entire task with complete dedication without losing concentration on their work. This is the key which every organization has to grasp and implement it on employees b efore giving permit for the job. Therefore, training criteria must be created firm and even tougher than the actual job so it evidently determines the compatible employee. It also enables the organization to accurately evaluate the tendency of personnel rather than to judge credibility during ongoing job. Thus, it is the best approach in reckoning employees practically rather than to do blind trust on employees at

Drilling fluid Essay Example | Topics and Well Written Essays - 1000 words

Drilling fluid - Essay Example The mud also provides hydrostatic pressure to balance the formation pressure resulting from the formation fluids in the borehole that if uncontrolled might lead to blowout. The mud is also used in transmitting hydraulic horsepower from the surface to the drilling bit and power the measurement and logging while drilling tools. The choice of drilling mud is determined by the drilling operation to be done, and its properties should be such that it prevents back pressure and blow outs within the minimum costs as possible. (Committee, 2004, pp. 15-19) Drilling fluids are classified into three major types like water, oil, and pneumatic based fluids. The three major types are further classified depending on the purpose, chemicals added fluid phases, alkalinity and dispersion. Water based muds have four phases which include water, Active colloidal solids, Inert solids and Chemicals. The water phase or continuous provides the initial viscosity which is modified to achieve the required flow properties. The water phase also suspends the active colloidal solids and the inert solids. A sample of colloidal solid present is the Bentotite, and that of an inert solid is the Berite. Bentonite, which is a clay provides just sufficient viscosity for carrying the fragments to the surface. Baruim Sulfate increases the weight of the column for borehole stabilization. Caustic soda and other ingredients are added to increase the alkalinity and reduce corrosion. Salts such as Potassium chloride are also added to prevent water from infiltrating the rock formation. Clay is added to water based fluids to increase their density, yield point, gel strength, viscosity and to minimize fluid loss. The clays added are classified as Montmorillonites or bentonite, Kaolinites, and Illi tes. The chemicals are also added to improve the flow properties and are listed as Thinners, Dispersants and Deflocculants. (Caenn, 2011, pp. 538-542) Based on the dispersion, water

Statement of Work Coursework Example | Topics and Well Written Essays - 250 words

Statement of Work - Coursework Example The outcome of the contract will increase the Fair attendance to an average of 287,000 attendants and enhance the positive image of the Fair. The contract seeks to provide carnival services to the Spokane interstate fair with operational carnival rides, games, five food sessions and novelty concessions. The contract should provide management expertise and the payment for the carnival services will be paid before September. The gross receipts will not include insurance fees and any applicable taxes. Additionally, the contractor will provide expertise in the content of the promotional programs so as to increase the attendance of the trade fair. The contract shall implement promotional programs designed to increase the attendance rate of the fair. The contractor will demonstrate a high level of expertise and allow the games, rides and shows open at all time The contractor shall abide by all the recommendations stipulated by Spokane Loss/Safety control Department. Moreover, prior to the opening of the Fair, all the concessions and ride shall be inspected by the Washington Department of

Delinquent Youth Subculture - Gang Research Paper

Delinquent Youth Subculture - Gang - Research Paper Example What is the response to youth gangs? The aim of this paper is to research the phenomenon of youth gangs in the American society. This requires providing answers to the questions above, supported by data from both primary and secondary sources. Structurally, I have organized the text into six main sections. The first part or Introduction outlines the aim and focus of the paper. The second section centers on the gangs’ origins and history, as well as explains what a gang is. The third part identifies the types of activities and behavior characteristic of a gang. The fourth section provides some theoretical background to the concept, while the fifth focuses on the societal response to the youth gangs phenomenon. Finally, I conclude the paper with the sixth section that sums up the paper’s findings. Origins and History of Gangs Scholarly sources abound with youth gang definitions, one of the earliest being that of Thrasher (1927). Thrasher explained that a gang should be un derstood as a spontaneously forming group that is not attached to any specific part of society (Thrasher, 1927). A more recent definition of gangs views the latter as groups that consist of individuals who recurrently associate and are subject to identifiable organization in leadership and internal matters. These groups also identify themselves with or claim to have control over a particular territory within a given community, and are known to engage in illegal (often violent) behavior individually or collectively (Miller, 1975). Youth gangs are also believed to be â€Å"any denotable groups of youngsters who a) are generally perceived as a distinct aggregation by others in their neighborhood; b) recognize themselves as a denotable group (almost invariably with a group name); and c) have been involved in a sufficient number of delinquent incidents to call forth a consistent negative response from neighborhood agencies and/or enforcement agencies† (Klein, 1971, p. 13). The ori gins of modern gangs go back to the 17th century England. The British crime chronicler Pike speaks of the existence of robber gangs on English highways at that time (Pike, 1873, pp. 276-277). Yet, these gangs were reportedly different from the ones that we have today. The gangs with more or less rigid structures appeared in the early 17th century. For example, Pearson tells about London being â€Å"terrorized by a series of organized gangs calling themselves the Mims, Hectors, Bugles, Dead Boys†¦ who found amusement in breaking windows, [and] demolishing taverns, [and] they also fought pitched battles among themselves dressed with colored ribbons to distinguish the different fractions† (Pearson, 1983, p. 188). In the United States, the beginning of the street gangs history is related to their formation on the East Coast after the American Revolution in 1783. At the same time, many reputable scholarly sources prefer the later date – the beginning of the 19th centur y (Sante, 1991). The first gang that operated in the streets of New York was the 40 Thieves.