StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

Corporation - Essay Example

Comments (0) Cite this document
Summary
How do the interests of corporations conflict with the public’s interest? Introduction The advent of globalization and the extensive advancement of technology today have made life easier for us. Sitting at the comfort of home, we can order for goods and services and those get delivered right in front of our doorstep…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER96.3% of users find it useful
Corporation
Read TextPreview

Extract of sample "Corporation"

Download file to see previous pages From the aspect of business, we are the revenue for the firms. “We” are also considered as a potential source for new orders and new customers. Therefore each and every firm tries hard to retain their existing customer base because it is believed that a satisfied customer is equal to an advertisement for the company and retaining the existing customer is more profitable than replacing them with the new ones. (Hawkins 2010 p.22). However in the process of competition among the firms, the aspects that suffer the most are the social factors, humanitarian grounds and public interest. The Corporation “The Corporation” is a work by Joel Bakan which deals with the history of corporations and the key features it exhibit today. In the book the author has discussed about the procedure of business conducted by the firms of the recent era and the impacts it has on the general people. The topic of corporate social responsibility has also been covered in the book and the work has been primarily addressed to the public at large making them aware of the malpractices of the corporations as well as the provoking attitude of the firms (Bakan 2005). Bakan in his book states the account of the organizations belonging to the 18th century and draws a comparison with the current corporate practices. During the past, the corporate structure was fairly exceptional and facilitated exclusively the methods for carrying out specific big projects for the interest of the public. Today the firms tend to govern our societies and economies. Greater emphasis can be found on the main attributes of management control and restricted liability, and on the reasonably modern notion that the organizations have a separate legal entity (Davies 2010 p.55), who might even have the benefit of several human rights. The writer puts further stress on the fact that financial controversies related to firms are not a new thing. Such scandals have always formed the part and parcel of the organizational framework of conducting business. The transformation in the early parts of 20th century, gave rise to the concept of corporate social responsibility, which is showcased as a response by the business organizations to the general public’s common threat about the power and size that corporations started to build up, and to the associated requirement of a stricter administrative regulation on them. The concept of the fiscal idea of externalities has been also mentioned in the book which argues that the organization’s propensity to outsource costs is at the source of most of the world’s environmental and social issues. Interesting instances has been presented in the text regarding the cost-benefit study within the car business where the passengers’ protection is considered to be the main concern. Unlawfulness in the business activity is universal, and it takes place from the- unethical character of the corporation And from the breakdown of the regulatory structure, due to laidback regulations and futile enforcement. The corporations today focus mainly on their own interest neglecting the harmful and long-lasting effect on the society at large. There were many commercials that were created for the promotion of a product but ended up in causing injury to the humanitarian interests. The complaints lodged regarding the commercials amounted to a total number of 25,214 complaints in 2010 among which 96% were lodged by the associates of the public forum and 4% belonged to the ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Corporation Essay Example | Topics and Well Written Essays - 1000 words”, n.d.)
Corporation Essay Example | Topics and Well Written Essays - 1000 words. Retrieved from https://studentshare.org/english/1487710-corporation
(Corporation Essay Example | Topics and Well Written Essays - 1000 Words)
Corporation Essay Example | Topics and Well Written Essays - 1000 Words. https://studentshare.org/english/1487710-corporation.
“Corporation Essay Example | Topics and Well Written Essays - 1000 Words”, n.d. https://studentshare.org/english/1487710-corporation.
  • Cited: 1 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Corporation

Corporation acquisitions

...are acquired because acquisitions have not been planned as such in the past and hence there are no forecasts that are done prior to acquiring new corporations (Scott 1994). Shareholder losses usually mean a great amount of distress for the people who invest a great deal within these firms who now have gone ahead and decided to acquire new corporations. The fundamentals of corporate acquisitions have focused a great deal on how different avenues of corporate success have been envisaged and how these bring in value and the expected returns for the sake of the firms which have expansion desires (Schnee 2004). In essence, corporate acquisitions are usually...
1 Pages(250 words)Assignment

Cigna Corporation

... of the organization through external factor evaluation matrix. A similar exercise will be undertaken for internal factors through internal factor evaluation matrix. The paper evaluates CIGNA Corporation first by using Porters five forces. These include barriers to entry that were found to be high and increasing, the bargaining power of suppliers that was found to vary because of conglomeration in the industry, and a moderately low customer bargaining power. Additionally, the threat of substitute products was low and rivalry between competing firms was found to be high. In the external evaluation of CIGNA Corporation, the paper seeks to evaluate the Corporation’s opportunities and...
18 Pages(4500 words)Essay

S Corporation vs. Corporation

...in either of these categories. Focusing on the tax issue, there is the fact that corporations are able in certain situations to help one in reducing their tax obligations. In states where the corporate tax is lower than individual income tax, one can incorporate thereby paying the lower corporate tax. Being a corporation allows the corporation to write down losses that may result from start ups, thereby reducing the tax burden that they have to meet. Corporations are also able to avoid tax by retaining income earned. This will limit the tax burden of the shareholders as well as the corporation. Though there are...
3 Pages(750 words)Essay

Huntsman Corporation

...provisions for their manufacturing process. Financial instability of Europe plays a significant role in the performance of the industry and is putting “a long shadow over the chemical enterprise” (C&EN, 2013). With these uncertainties, the activities in the industry and its performance are no more predictable in the future. Huntsman Corporation is located at Houston in Texas and has a proven track record of successful performance and stalking profit levels in the international market place of the chemical industry. The international company operates its business locally through the subsidiaries established in different parts of the world. Being at the top most layers in the industry, Huntsman Corporation...
15 Pages(3750 words)Research Paper

ToolsCorp Corporation

... good foundation in places like Canada not to mention the United States, they have a plan to broaden operations to wider markets. Thus, they seek to have a vibrant business plan that would have the role the program on a large scale. SWOT Analysis: Strengths ToolsCorp Corporation is a well-recognized company especially in Tennessee and almost 80% percent of the people are well aware of the company. Furthermore, a good number of those living in the United States know the company. In this sense, the company has got a well-structured base because of the majority of the people who know about the company. Many people who deal with a variety of tools have a liking for the company tools because the company stocks everything needed by the customers...
10 Pages(2500 words)Essay

ExxonMobil Corporation

..., intergovernmental organization created at the Baghdad Conference in September 1960. Prior to the rise of OPEC, the oil industry was dominated by large oil companies such as Exxon, Mobil, Chevron, BP and the like. OPEC was formed to reduce the influence of these multinationals in the oil and gas industry. OPEC countries produce 40 percent of the world's oil supply and their exports account for 55 percent of the total export in oil (BERA, 2006). Future of the industry Harry J. Longwell, Director and Executive Vice President of ExxonMobil Corporation, explains that forecasting for the future of the oil and gas industry must begin with the single most important element that forms the core of all business, the demand for the product...
16 Pages(4000 words)Research Paper

Microsoft Corporation

...are model has evolved which presents a challenge to such commercial software model. Porter's Five Forces Analysis of Microsoft in America Porter's Five Forces have become a yardstick for assessing industry profitability. This helps the retailer in consistent performance and planning. The five forces are; Buyers'/customers' power Suppliers' power Rivalry among competitors Threat of new entrants Threat of substitute products Threat of New Entrants Bargaining Power of Bargaining power of Suppliers Buyers Threat of Substitute product References: 1. Datamonitor (2007). Microsoft Corporation - Company Profile. Datamonitor Europe, London 2. Microsoft (2008). 'Your Potential, Our Passion'....
4 Pages(1000 words)Essay

Sharp Corporation

... not only sustained itself but has emerged as one of the leaders in electronic product market. Innovation and technological prowess along with diversified product portfolio has been the reason behind the success of sharp corporation behind its success. It is note worthy that the product mix has been kept changing so that they are not outdated and people expect more out of sharp products. This leads to investment in R& D and the cutting edge technology which acts as a driving force behind the successful sustainment of sharp as the leader in technology domain. The cutting edge technology combined with a never ending quest for creating newer products that have never been seen before has brought the company to where it is today. The spirit...
8 Pages(2000 words)Essay

Mathews Corporation

... and negative) on the overall Mathew Corporation's business. Introduction to business: First of all I will discuss the Matthews Inc. Systems and business, basically Mathew Corporation was founded in 1923 and is a leader in high-performance labels, signs, and related industrial safety products. It manufactures ultra-thin recognition labels for handheld electronic devices. One more labels it produces shields electronic devices by dispersing their temperature or static. A number of labels work in temperatures colder than 50 below zero, others burn or produce sounds in the dark, cover themselves, or still stick to oily or greasy products. So this is the little introduction regarding the company business and production. Task 1 Structure...
22 Pages(5500 words)Case Study

Whirlpool Corporation

...Question The company faced a number of challenges during the end of the decade 1990. The challenge was to survive and sustain a billion annual growth in a highly competitive home appliances business. The company serves customers in 170 countries and makes a revenue in flow of over $13 billion per annum and stays at the top of the home appliances business across the globe. Whirlpool was under threat and its margins were fast depleting. Three key factors were identified as the root cause of these changes: 1. Materials Management: The Company was besieged by the Asian companies who could make the same products for much lesser cost because of their sourcing comfort. Better sourcing or material management was becoming critical. 2... The company...
7 Pages(1750 words)Essay

Organisational Change of Sinopec Corporation

The justification behind the establishment of Sinopec Corp. was to "diversify the ownership structure, abide by the rules of the market economy, and establish a modern enterprise system". Sinopec Corp. issued 16.78 billion H shares in Hong Kong, New York and London on Oct. 18th and 19th, 2000. The Company floated 2.8 billion A-shares in Shanghai Stock Exchange on July 16th, 2001. The Company’s current total number of shares is 86.702 billion, of which 67.92% is held by the State through Sinopec Group, 9.5% by domestic banks and assets management companies (AMCs), 19.35% by foreign investors and 3.23% by investors at home.
The Company is acknowledged as one of the biggest energy and chemical firms in China. The scope of...
7 Pages(1750 words)Case Study

Business Strategy of the Able Corporation

Now that Walden International has shown its intentions to acquire the company, it presents a fresh lease of life for Able Corporation and an opportunity to recoup and consolidate its position. For a successful acquisition to take place the potential acquirer needs to have a high degree of clarity on the kind of acquisition that one would want, knowledge about the key distribution channels and the industry segmentation. The acquirer takes a proactive role. Walden International, therefore, must have done some pre-acquisition studies and analysis and the aggressive manner in which the company has been presenting itself to the world by explaining each quarter its financial gains, will help Able Corporation to pool its resources, put i...
10 Pages(2500 words)Assignment

Strategy and Transformation in Dell Computer Corporation

The management principles,  strategy, and vision are responsible for all the success of Dell. It was founded in the year 1984 as PC’s limited. In June 1988, when its first stock offering entered the market,  the name officially changed to Dell Computer Corporation. The year 1986 was a memorable year for Michael Dell and his corporation when Dell entered the European market. By the year 1989, Dell acquired sales of $50 million. The last four quarters earned revenue of around $57.9 millions2. Dell always aims to deliver innovative technology and services. This company sells the maximum number of systems than any other computer company.

The main principle of Dell is selling computers directly to the custome...
10 Pages(2500 words)Case Study

Change Management of Singapore Shippping Corporation

Singapore Shipping Corporation (SSC) is a medium-size ship owner with 3 car carriers with a total capacity to carry 13,929 units of cars. Although it has been in business for over 40 years, yet it has not been able to expand appreciably in the ship owning and operation activities. Playing safe it has always offered its tonnage on time charter without taking any risks. It has confined itself to owning and operating car carriers that have a limited market. It now aims to expand its business to enable it to weather recessions and be more competitive in the market with diversified capabilities.

It has been proposed to the management that the company should now move into the more lucrative break-bulk and container cargoes. F...
13 Pages(3250 words)Case Study

Strategic Management of News Corporation

Organizational growth is possible through a strategic approach. Growth is to make business innovations through a combination of theory and practice of business strategy(Koller & Lecher 2007), creation of organizational capabilities (Peter quoted by Kettunen 2007), and bridge-building between what is today, what is desired tomorrow (West-Burnham, 1994 quoted by Kettunen, n.d). The principle of strategic planning is linked to short-term and long-term planning (Kettunen, n.d.). However, “strategies and business change with time and there is no need for loading ourselves with piles of speculation (Murdoch quoted by McQuade, 2006). In light of the above discussion strategic planning assumes a dynamic nature guided by suitabil...
10 Pages(2500 words)Case Study

Operating in India: The Case of Exceed Corporation

On the other hand, it would be required that the firms interested to operate globally can meet the demands of the market in which they plan to enter.

In the case of India, the operation of foreign firms across the country is related to a series of problems. More specifically, private – driven commercial activities cannot be expanded further from a pre-defined framework: there are commercial activities in the country that belong to the exclusive administration of the government and they are conducted by state-owned enterprises. India is a country of low income (referring to the income of the vast majority of its population which is estimated to be approximately 1,165,577,000 in accordance with a recent report publishe...
18 Pages(4500 words)Case Study

Strategic Management: Microsoft Corporation

The firm’s leadership is characterized by strong support to the employee, the development of teams of employees within the organization (for the completion of specific tasks) and the enhancement of innovation by all the firm’s employees. As it is made clear through Figure 1 in the Appendix section (Financial Highlights for the firm in the last 5 years) the firm has managed to keep its performance on continuous growth. The structure of its operations and the style of leadership applied to the particular organization should be considered as the main reasons for the success of the firm internationally. The development of MS-DOS in the decade of the 1980s should be considered as the main reason for the rapid growth of the...
12 Pages(3000 words)Case Study

Hongkong and Shanghai Banking Corporation

Its credit card and banking business have catapulted it to be one of the top banks in the world. The company has been doing well from 2003 until 2007 as evidenced by its financial statements. The company's financial success is explained in the following paragraphs below. The second question below discusses in clear accounting and finance terminologies the sources of the company funds. Also, the corporate governance policy of HSBC is clearly discussed in question three below.

It is said that “The starting point for my analysis of corporate resource allocation and its governance is a concern with the dynamics of enterprise and economic performance. Central to the process through which successful enterprises and econ...
17 Pages(4250 words)Case Study

Globalization and International Business: Starbucks Corporation

The Small Business Encyclopedia defines globalization as the process by which the economies of countries around the world become increasingly integrated over time. This integration occurs as technological advances expedite the trade of goods and services, the flow of capital, and the migration of people across international borders (globalization, Answers.com).
The shreds of evidence of globalization are all around us. For example, Hill (2005) cites an example of an American driving a car designed and produced in Germany that was assembled in Mexico from components made in Japan fabricated by Korean steel and Malaysian rubber. The car is filled with gasoline from oil pumped from off the coast of Africa, at a service station o...
12 Pages(3000 words)Case Study

Carnival Corporation

However, there has been a decline in the overall cash inflow during the year 2008. This is due to the increase in the total operating cost. The operating cost for the year 2008 was 61.71%, whereas for the year 2007 the operating cost was maintained at 58.52%. The increased fuel cost has resulted in an increase in operating expenses. The fuel cost was 14.36% of the total operating expenses for the year 2007, but the fuel cost increased to 19.62% of the operating expenses for the year 2008 resulting in higher operating expenses for the period. From the cash and cash equivalents at the end of the year 2007 of $ 943 million, the net cash and cash equivalents at the end of the year 2008 have come down by 31.07% to $ 650 million. Theref...
6 Pages(1500 words)Case Study
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Corporation for FREE!

Contact Us