Egoism Decision On Selling The Plant - 2473 Words

Egoism – Decision on selling the plant in Wisconsin To begin, the first ethical theory that will be discussed is Egoism. As stated by Weber, an egoist is an individual that assumes a narrow focus of analysis – the self – and may consider either the probable consequences of the self or evoke a personal set of ethics (Weber 2015). Moreover, since egoists focus on themselves, they do not ponder the consideration of others in regards to their decision-making. While coming to decisions, consequences and principles are taken into consideration, but only on a self-regarded level. With there being the focus on an individual’s self and that alone, egoists do not worry about any sorts of outside interest. Any indication of contemplation of others will result in applying a different ethical theory, due to egoists having a, â€Å" I will look out for myself† mindset (Weber 2015). In the Wisconsin case, the crucial actor is the owner of an automobile plant in a small town. Furthermore, included in this case are the current employees of the plant, the town the plant is located in, and the German competitor who is bidding to purchase the plant from you. Thinking as an egoist, the main consequence being presented is the potential closing of the plant, along with lost profits. Since the core of egoism pertains to self-interest, the well-being of the town has no influence on the decision-maker. From analyzing the case, it seems as if the owner’s personal security and wellness revolvedShow MoreRelatedJean Mcguire, A Land Salesperson For The Company Sunrise Land Developers Essay1596 Words   |  7 Pagesfinancial support for her family. This essay first discusses how Jean’s situation constitutes an ethical dilemma, followed by comparative analysis drawn from consequential perspectives of egoism and utilitarianism about the situation, then finally possible suggestions, based on my learning, that could help Jean in her decision makin g. The term ethical dilemma however, is generally defined as â€Å"a complex situation that often involves an apparent mental conflict between moral imperatives, in which to obey oneRead Moredefend a clear position on whether or not any constraint ought to be placed on the freedom of a business to:Export capital for production862 Words   |  4 Pagesutilitarian would argue that by allowing our capital to be produced abroad we would be hurting ourselves domestically by giving up potential jobs to workers internationally and by limiting domestic usage. In today’s economy a company can set up production plants in virtually any country they want, and most tend to go where the cost of labor is least expensive. A utilitarian’s goal is to determine how to obtain â€Å"the greatest possible balance of good over bad for everyone effected by our actions† (Shaw BarryRead MoreEssay on Mega Foods Case Study1893 Words   |  8 Pagesï » ¿ Mega Foods Case Study Cherice McCray Troy University- Dothan Campus As the regional director for Mega Foods Inc., I foresee several ethical issues stemming from closing plant operations in Orchard, Georgia and moving operations to the country of Frostburg. The utilitarianism approach as mentioned in Northouse (2013) is behaving in a way as to create the greatest the good for the greatest number. Keeping operations in Orchard, Georgia may not be the most profitable option;Read MoreEssay on Ford/Firestone Rollover Deaths4792 Words   |  20 Pagesput an inferior tire on this vehicle? The problem you have here is lawyers and the marketing department overruled the safety recommendations of engineers. What was not in dispute was that some Firestone 15-in. Wilderness AT tires produced at its plant in Decatur, Ill had defects that were implicated in tread separations and rollover accidents. Many of the accidents occurred in hot regions, such as Florida and Texas and the Middle East. And no one denied that SUVs rolled over more frequently thanRead MoreThe Ethics Of The Accounting Profession2258 Words   |  10 Pagesbetter service between companies. Enron saw the deregulation as an opportunity and decided to transform from a traditional pipeline company to an intermediary trading company. They bought up all the short-term contracts from the producers and began selling long-term contracts at fixed prices. In the years that followed, Enron grew quickly and was named â€Å"The Most Innovative Company in America† by Fortune magazine. Revenue went up from $13.3 billion in 1997 to almost $139 billion in 2002. These impressiveRead MoreProfessional Ethics10396 Words   |  42 Pagesa respectful hearing. The same is not true, however, for individualism in ethics. Individualism in ethics is the thesis of egoism: the view that the individual is the standard of value, that individuals are ends in themselves. But traditional ethics has always found egoism to be highly problematic. So it has always found large†scale and consistent expressions of egoism problematic—such as those in the business world. The business world is a network of individuals, each with his own agenda inRead MoreCPA 118 ETHICS NOTES6292 Words   |  26 Pagesof ethics Normative Theories of ethics Teleological consequential Right from wrong is determined from results or consequences of a decision or action Identify consequences (costs and benefits) for each alternative course of action Compare the ratio of costs and benefits (both economically and morally) Make a decision Deontological non-consequential and rule deontology †¢ Consequences are irrelevant †¢ The important is the intention to do the right thing or the motivationRead MoreBusiness Ethics Test Questions with Answers Essay22425 Words   |  90 Pagesinvestors’ decisions are free from fraud and deception. b.  evaluate a company’s financial prospects or creditworthiness, so that banks and investors can make informed decisions. c.  ensure that decisions and transactions conform to the law. d.  function as intermediaries between a company’s stockholders and its executives. Answer: a 19. Identify the gatekeepers who evaluate a company’s financial prospects or creditworthiness, so that banks and investors can make informed decisions. a.  Investors Read MoreSources of Ethics20199 Words   |  81 PagesCompany codes, ordinarily brief and highly generalized, express broad expectations about fit conduct. †¢ Second, company operating policies often contain an ethical dimension. Express policies as to gifts, customer complaints, hiring, and other decisions serve as a guide to conduct and as a shield by which the employee can protect against unethical advances from those outside the firm. †¢ Third, may professional and industry associations have developed codes of ethics, such as the AffirmativeRead MoreStrategic Human Resource Management72324 Words   |  290 Pageslong term: ideally which matches its resources to its changing environment and, in particular, its markets, customers and clients so as to meet stakeholder expectations. Strategic management is a term that is used to describe the process of making decisions and taking actions to achieve the organisation s goals. The process of strategic management is a continuous process involving the adjustment of the organisation s resources, the environment in which it operates and the aims of the organisation

Entrepreneurship Business And Its Expenses - 1727 Words

Entrepreneurship in America When looking at the importance of entrepreneurs in the United States it is important to discuss the history of entrepreneurs in this country, the obstacles that come along with starting up a business, and where one might acquire the capital or money to finance the upcoming business and its expenses. History of Entrepreneurship The word â€Å"entrepreneur† is a word borrowed from the French in the mid-19th century that literally means â€Å"undertaker.† Entrepreneurship is much older as it dates back to ancient times. For America, the nation was founded by entrepreneurs. While many colonies were founded by the English state, many were also founded by profit-seeking corporations. One example would include New York which†¦show more content†¦The first patent was presented to entrepreneur Joseph Jenks in 1646 and this began the â€Å"Yankee ingenuity era.† A patent is exclusive rights to an invention that constitutes as a solution to a specific technological problem and is a product or process. The patent was for a device that improved the manufacturing of edged tools that helped with other production. The â€Å"Yankee ingenuity era† refers that this patent led to many other important patents including the cotton gin, flour mills, the high-pressured steam engine and many mo re. Even though only 2 to 3 percent of all products patented make it to market, it is still an important tool for entrepreneurs to protect their rights to their product and idea. Entrepreneurs were doing so well in America that in 1776 when the 13 colonies declared independence. The US was the richest place on earth per capita. No wonder the British fought so hard to keep the colonies. In 1811 incorporating came into law for the United States as New York passed a general incorporation law which made the process of growing ones business much simpler and faster and this created a boom in the number of entrepreneurs and corporations. Before this law there were only a total of seven companies that had been through the incorporation process, but between 1800 and 1860, more than 2,000 companies were incorporated in Pennsylvania alone. Unfortunately the Virginia Company was not one of these successful

E-Business Applications Caltex Australia Pvt Ltd

Question: Discuss about theE-Business Applications for Caltex Australia Pvt Ltd. Answer: Introduction Caltex Australia started its operations in the year 1936. The company which began as the joint venture between the standard oil (California) which later named as Chevron Corporation and the Texas Company to sell out the oil in Saudi Arabia (Caltex, 2016). In 1968 the company was renamed as Caltex Petroleum Corporation. Caltex is the leading Oil provider company in Australia. The distribution structure of the company turns out to be the biggest strength for the company. The Company belongs to the oil and gas industry. It trades mainly in three products they are (Caltex 2016): Fuels (Caltex 2016) Petrol - Caltex Vortex Premium 98, Caltex Vortex Premium 95 Diesel- Caltex Vortex Premium Diesel Autogas (Caltex 2016) Lubricants and motor oil (Caltex 2016) Caltex Star Mart which is the eatery store which consists of coffee, grocery items, Daily newspapers and magazines, Cold drinks, bread, milk and snacks (Engineering News 2016). Caltex Australia is not a company which is primarily built on the model of an E-commerce business rather e-business forms a part of the same Company wherein the customers have the access and convenience to buy the product (Engineering News 2016). E-Commerce Business Models Caltex Australia Pvt Ltd. Follows the model of the B2B and B2C. The company deals with the online as well as the offline refueling of the fuels. Caltex provides the option of on-site refueling that provides the fuel and diesel direct to the site. The payment can be made with the help of the card wherein the customer has to scan the barcode and pay the sum instantly (Caltex 2016). Ease of Use of the E-Business Business owners and consumers buy online because the online stores give a sort of relaxation to the consumers (Huang and Benyoucef 2013). If the business owner is planning to start his own online business, there are certain advantages that the online business provides to him (Huang and Benyoucef 2013). Customers can purchase the product at any time. Easy delivery of the product The transactions made by the customers are safe The customers can purchase the goods at any time. E-Commerce Applications Currently used The company uses several Applications (Caltex 2016): Online Marketing: The company uses online marketing where the company has an online portal where customers can transact and order their products online. Offline Marketing: The company uses offline market where the customers can visit the stores and service stations and make use of the product. E-Commerce Supply Chain Management The companys Supply chain management is considered to be the vital business process for the smooth flow of products from the supplier to the end user in the value chain. Directly or indirectly it includes all the party include in fulfilling the request entered by the customer. Every stage in the supply chain management pertains to the flow of the information related to products, information and the cost (Chambers and Chambers 2016). The Caltex National Truck Networks referred as NTN which consists of 200 truck sites in and around Australia which provides the company with the cost of fuels which results in less investment on operating cost and with this the fleet efficiency gets improved (Caltex 2016). Benefits provided by the fleet efficiency: the products are delivered on time to the end users and the operating cost of the company gets reduced. The company offers greater fuel discounts to the users who are located in the NTN area (Caltex 2016). E-Commerce Security Strategy With the online marketing and transactions need to be secured. The company provides StarCard, StarFleet, StarFleet Plus, StarCard Debit and StarCash cards with the help of which the customers can pay for the every purchase they make. There are several features that are attached with each and every card (Caltex 2016). StarCard: With StarCard the customers can save 6 cents on purchase of every litre of Vortex Premium fuels which includes vortex 95, vortex98 and vortex premium diesel this offer is provided to the customers for only first six months and after that customers can save 2 cents per litre on every purchase made by the card. The card monthly fee is $3.95 (Caltex 2016). The account can be maintained online. The pin secures the card (Caltex 2016). The card can be used in 2000 fuel outlets (Caltex 2016). StarFleet: The card can be used in more than 3500 fuel outlets. The card holder can save 2 cents on every litre of the diesel purchased. The card monthly fee is $5.95 (Caltex 2016). The statement and billing of the card can be done online. The cardholder can set the purchase limits on the card (Caltex 2016). StarFleet Plus: The cardholder provides the benefits of both the StarFleet and StarCard and the card can be used in over 3500 outlets (Caltex 2016). StarCard Debit: The card can be used with full pin security. The customers can save up to 4 cents on every purchase he/she makes on vortex premium fuels and on every purchase of diesel or fuel the card gives the cardholder to save 2 cents (Caltex 2016). Star Cash: Star Cash are the cards which provide the employees and the card holders with certain gift vouchers and coupons (Caltex 2016). The company provides the e-commerce security in the form of maintaining the own account of the customers with the help of the Username and password. The cards are password protected and no data are shared in public (Caltex 2016). E-Commerce Marketing Strategy The company has invested in the retail and the terminal sites. Caltex will help the local businesses to manage the supply of the product more efficiently so that they can meet the growing demand for the petrol and diesel. The company invests largely on the supply and retail infrastructure (Engineering News 2016). Caltex is also improving the road safety for the transportation purposes. The company largely invests in making of the pumping equipment and installing new pipes. In 2004 the company started a joint venture with the Woolworths petrol which currently provides the customers with the Caltex fuels around Australia (Woolworths Online 2016). The company is also planning to enhance its expansion project and expand in Thailand with the help of the retailers and the investors Caltex is making strategies to expand its operations in Bangkok. Chevron has opened 23 new service stations for Caltex and these websites would increase in number by the year 2015 and there would be 370 such new sites which will be opening way for Caltex (Engineering News 2016). The supply chain of e-commerce can be divided into two segments: firstly, the procurement, where the customers are buying goods and services with the help of the electronic media and the second is e-commerce where the customers can transact, buy goods and services (Caltex 2016). The Caltex Online Business provides access to several services that the company provides to its customers. These includes The inquiries related to accounts, reprint of the invoices, the summaries of the transactions, promotions, newsletters and many other. The online business of Caltex is not efficiently marketed (Engineering News 2016). IT Architecture The IT Architecture composes of three components (Taylor et al. 2014): The internet, The firewall and the Business. The internet will help the customers to choose the products of his choice. The firewall will provide the protection against the harm that the technologies and people can provide with the data provided on the internet and the business that will provide the customer with the product in return the customer will get the product (Taylor et al. 2014). Recommendations As compare to its competitors, Caltex Australia can build an online site where customers can buy goods and services with the help of a click (Financial Review 2016). The company can take the help of the various marketing strategies which will result in the demand for the product to shoot up and directly would result in increase of the revenue. The company can take use of the search engine optimization (SEO) with the help of SEO the Google site will navigate the keywords entered by the customers and show the results on the top this would assist in making a business successful. The company can start with the email marketing where the customers will get updated about the companys new venture and the plans of expansion. The social media can turn up to be the best platforms to make business success, making of Facebook pages and insisting the customers to like the page businesses can also make their business visible on Instagram. Caltex Eatery store can also start an e-portal and the in-house delivery which will help the company to make profit Conclusion Today's offline business tends to go online with the help of the portal because customers want the products at their convenience. In this new era businesses should adopt new strategies and technologies to make their business success. With the help of the internet and e-commerce the possibilities for the new opportunities have become endless for the customers and businesses both. The companies with the help of the internet can sell their products. Many companies have started transacting and selling electronically. There are no barriers for the company to enter into the electronic segment. On the other hand, the e-markets are competitive in nature. Reference https://www.emarketer.com/Article/Australian-Retail-Ecommerce-Sales-Top-10-Billion-2015/1011823 https://www.emarketer.com/Article/Australian-Retail-Ecommerce-Sales-Top-10-Billion-2015/1011823 https://www.engineeringnews.co.za/article/caltex-australia-to-distribute-chevron-premium-base-oils-in-australia-2016-08-25/rep_id:4136 https://www.theaustralian.com.au/business/companies/caltex-bets-on-retail-strategy-as-petrol-demand-peaks/news-story/61be9154eea07290cc6bc38ae19f4a2c https://www.wsj.com/articles/SB933741426574017706 https://www.caltex.com.au/our-company/media-releases/caltex-investment-to-boost-victorian-fuel-supply-reliability https://www.caltex.com.au/our-solutions/fuel-cards https://www.linkedin.com/pulse/loyalty-news-update-jono-carroll https://www.woolworths.com.au/Shop/Discover/petrol Huang, Z. and Benyoucef, M., 2013. From e-commerce to social commerce: A close look at design features.Electronic Commerce Research and Applications,12(4), pp.246-259. Taylor, I.J., Deelman, E., Gannon, D.B. and Shields, M., 2014.Workflows for e-Science: scientific workflows for grids. Springer Publishing Company, Incorporated. https://www.afr.com/street-talk/waiting-on-convenience-to-freeup-caltex-australias-hip-pocket-20160521-gp0rp3

Use and misuse of technology free essay sample

The use of technology in higher education has become a very critical point in Schools, Universities, and many other learning institutions. Teachers, school educators however found it very helpful to increase the number of students attending colleges and provide a better way of learning. Mind you, students now can attend colleges no matter where in the world they are located. They can apply to colleges, register for classes and even attending the classes distantly. Despite all of those good things that are possible due to technology, some students fall deeply into using it in an abusive manner. They have become more and more dependent on technology to do their school works. In classroom, many students are armed with iPads, laptops, tablets and other electronic devices. Furthermore, studies have shown that many students interact more with these devices than with the books. Consequently, they get distracted and lose their focus in the class. We will write a custom essay sample on Use and misuse of technology or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Yet teachers are in disagreement with this invasion which is technology in classroom, they are also working very hard to come up with other methods of teaching that will help these students to be more focus and lessen their attention on their daily routine which is using their toys while in class. While this war is on between digital native (young people who have grown up in immersive computing environment) digital immigrant (people who have yet to learn how to use a computer), thinkers are analyzing the issue and come with answers that will help proving that technology in higher education can be misused and at the same time useful in higher education. To expand the topic, the following lines will discuss the misuse of technology in higher education, its use; also give some recommendations that will help student be more successful in their education . First, technology is misused by some students are hacking into the school severs, using email to intimidate or threaten other students. They are downloading music and plagiarizing information from the internet and use them as their own. They are constantly checking the cellular phones during class time, accessing pornographic web sites, and playing video games during in class. This is an uncontrollable situation. While the use of technology is supposed to bring changes in the traditional way that teachers used to teach, student used to learn but still doesn’t prevent some students taking advantage of these changes and use them as they want. Second, Technology in higher education has also affected human’s interaction in classroom. Since technology has been introduced as an alternative for teaching back in 1900s, it has gradually take the place of the human teachers and now students mostly rely on computers, television and other electronic devices as another way to learn. They don’t spend time in focusing in class because they have the computer at home that will help them do their work. Although this technology brings certain benefits in the classroom, it also causes some students to be unexcited and lazy to learn at school. They believe that learning by themselves using the computer is a much better and faster. However, these students are wrong. Cynthia M. Frisby, associate professor of Strategic communication at the University of Missouri, has noticed students on MySpace and eBay during her lectures. She has also noticed more failing grades. The final straw, she says, came in an e-mail from a student complimenting my outfit, failing to realize that the time stamp was on the e-mail, further suggesting that he was not paying attention to my lecture. â€Å" Now she bans laptops in her large lecture courses and has a clause in her syllabus about the inappropriate use of technology. The result? Huge increases in attention and better performance on exams, she says. Students have even mentioned that they feel like they are doing better without the laptop. † This anecdote clearly shows that students are still young and curious but they need an ongoing motivation, guidance, and support to excel in education. While technology in higher education is being misuse by certain users, it is important that we mention some great features that technology allows us to do. In addition, due to technology our children are able to acquire a lot of skills. This is the first time in history that students have the ability to research any topic. They are not obligated to be in a classroom or in a library. Technology has unlocked the doors to an ocean-wide of information, which is not always accurate. Therefore, they need to learn and look carefully through it all and get the â€Å"good stuff. † This ocean-wide of information and current vault of technology has also allowed students to truly engage themselves in their education by developing personal educational plans or studying fields that may interest them. When students take full responsibility and engage themselves in their own learning in order to reach his or her own ultimate goal, everybody wins. For example, a chemistry teacher might want his or her students to do a project about Chemical Structures, Acid and Bases. Each student could choose a specific part of the topic that tickles their interest such as Acid indicators, structures of molecules etc. The assignment could then be diversified by allowing students to search for information from different websites –watch videos about acid and bases. They can then group together create a wiki for example which is website that allows its users to add, modify, or delete its content via a web browser usually using a simplified markup language or a rich-text editor. With this software, students can develop or design chemical figures to show how certain acids or bases are formed. Moreover, they have access to data bases of their school where they can also look for more resources that are related to their topics. Finally, they can create a podcast which is video editing software that allows them to put to put together their findings and share it as a full length video in class. The possibilities are innumerable all thanks to technology, teacher, and student sense of creativity! To quote Edutopia, an on-line publication, â€Å"Learning through projects while equipped with technology tools allows students to be intellectually challenged while providing them with a realistic snapshot of what the modern office looks like. Through projects, students acquire and refine their analysis and problem-solving skills as they work individually and in teams to find, process, and synthesize information they’ve found online. † Another interesting and very important feature of technology in education is the Distance education also known as the e-learning. It is a method of education where student can study in their own time, at their own place (home, work, and library) and without an actual face-to-face interaction with a teacher. In addition, it is more flexible in terms of time and geographical position of an individual learner. They can be anywhere in the world and still attend classes in their own time. Meanwhile, severe changes have occurred in classroom nowadays. Nearly 60% of survey respondents say that professors will soon teach in more than one category. At NYU’s top-ranked tax law program, for instance, classroom courses are videotaped with three cameras and an audio mixer. â€Å"The course goes online within 30 minutes,† says Mr. Delaney. â€Å"Within 24 hours, students interested in reviewing a certain case or topic can click an online index that charts the content of the entire class and [can] view the portion that interests them. † This has never happen before! Students have access to billion sources of information just by typing a topic whatsoever and click search. Due to technology that has been introduced to the education system, colleges have loosened a little bit and become more influencing on student’s passion to learn. For example, before technology, students were bound by classroom and library walls. They had no alternative. They had to go to libraries to read those heavy books in order to do their homework. Now thanks to technology, they have the choice whether they want to go to the libraries to do research or not. They have iPads, computers, and e-books which is also a tablet that can store millions of books. They only have to type the name of the book and it will pop up on their devices screen and they can just read through line get the information they wanted.