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In this essay, I will provide a critique to this article, addressing the issue of doping, its impact on business, and the best way to address this problem.
This article gives a reader an insight into Armstrong’s doping scandal. It shows how this issue began, and its final implications, which leave Armstrong in negative light. Most importantly, the US-Anti Doping Agency (USADA) declares Armstrong guilty of doping, based on a 200-page report with intensive details, which point to fact that Armstrong ran a complex doping operation. It is decided that he is a drug cheat when he fails to defend himself against these allegations. What follows is the stripping off all his seven Tour de France wins. Different organizations he collaborated with deny him and promise to cut business relations with him. For example, Nike terminates his contract abruptly, while some cycling chiefs from International Cycling Union (UCI) require Armstrong to repay all the prize money from the stripped winnings from 1998-2005, and he resigns as the chairperson of Livestrong, his cancer foundation (“The Wall Street Journal”).
In this article, the author takes a neutral stand, as she neither supports nor condemns any of the parties involved in this whole issue. The author only reports on the facts as they are, and does not give personal opinion on the overall issue. This is a commendable approach, essential in reporting, for bias avoidance.
Armstrong’s doping scandal raises many concerns in the cycling sport, as doping is mentioned as a trend among some cyclists. Nonetheless, doping, according to the World Anti-Doping Agency is illegal. One of the reasons is that it adversely affects the health of the involved athletes, and is considered cheating in sport (Porterfield, 2007). Therefore, pointing out and investigating Armstrong by USADA for this practice is in order. However, the measures taken against him, as well as the kind of
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Milton argued in this article that the sole purpose and core obligation of a business is to act in the shareholders best interest- i.e. to create shareholder value or in more blatant terms, to generate profit for them (Friedman, 1970). However, Wearden (2010) adds that there are many who argue against this, the proponents of Corporate Social Responsibility or Sustainable Business, those who advocate the integration of social and environment concerns in their business operations.
For instance, the suppliers, employees, and products and services of a business organization are influenced by it. In addition, government policies, employees, suppliers, and competitors exert substantial influence on a business organization. As such, the effect of the environment on a business is inversely proportional to its size (Dyer & Ross, 2008, p.
1). This paper briefly summarizes the enormous business potential in the USA as witnessed at one of the major business events known as “Denver Gift, Home, Jewelry & Resort Show” held in Denver, Colorado from February 26, 2011 to March 1, 2011. To encourage the manufacturing and sale of Native American products, Denver Gift, Home, Jewelry & Resort Show hosted 450 exhibitors selling nearly 4000 types of products including jewelry, furniture, gifts, cosmetics, stationery, handicrafts, garden accessories, interior decoration, etc.
Mihaly Csikszentmihalyi (2003) Introduction: The unethical employment practices of Nike as well as the retail giant Wal-Mart; the trading of ‘blood diamonds’ by De-Beers; or the Enron Scandal are all examples of companies and events wherein the businesses acted unethically.
The main objective of a security plan in e-business is to “protect the privacy of the people with whom you do business and safeguard your IT and other information assets.” (Rapalus, 2001)
Information is a significant business asset for any
The two partners have to adopt a partnership form of business so that they may share the management roles and all the risks that can be encountered. This is a good form of business, as the profits that will be attained
KFC also customises its products and services to meet regional demands. The company is not all about the products but also the services that it offers to the customers. Both products and services are vital for the company. The company targets a wide range of
Shareholder owned business organizations are principally accountable to their external investors, in which they are expected to take responsibility in maximizing financial returns. Contrary to this accountability
Among the other factors important in the essay will include the processes of making a business strategy, and implementing it within the environment of the business. The competitive strategy model provided by porter will have importance
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