A Good Business What the characteristics of a good business looks like? The basic element of a good business is derived from good management. It is true since business is run by individuals known as managers that perform specific business functions, such as manufacturing and production, finance and accounting, sales and marketing, and human resource departments Use the professionally-written company essay samples in the open directory presented on this page. They will give you a clear understanding of how an A-worthy company essay should be structured and formatted. Besides, a wide variety of company paper samples Essays on Company Analysis Of Adidas’ Supply Chain Management German company Adidas was established in and has evolved into a global athletic footwear and apparel company, employing over 57, employees across North America, the United Kingdom and Asia. Their supply chain is credited as one of the world’s most effective models and has
Essay on Company ( Words)
A company has traditionally been viewed as a shareholder-focused entity. The classic shareholder model focuses on maximization of corporate profits and returns to the shareholders who have provided risk capital and have accepted the position of residual profits. Company, thus has been regarded as an establishment for purely private profits.
Corporate managers and directors are expected to perform their duties in the interest of the shareholders of the company which is maximization of profits. This conceptualization of company denies participation of employees and others in corporate affairs. The support for shareholders model is provided by the proponents of the natural entity theory who contend that company is the product of the private initiatives of certain individuals promoters who bring it into existence by meeting the legal requirements, and then induced others shareholders to put their money into it for private gains.
This reinforces the idea that company is a form of organizing the business to reap the benefits of large-scale of business for the shareholders.
In contrast, a company is visualized as an artificial legal entity created by the law. A company exists for the purposes which the law has conferred upon it and what its charter memorandum of association contains essay on company the boundaries of the law.
The fact. that early companies were brought into existence by a Royal Charter in the UK, and by specific legislative acts in the USA bring to fore that company is a product of the state power rather than individual initiatives.
Since the law has arisen essay on company the society, a company has certain obligations for the society. Gradually, essay on company, the notion emerged that incorporation of company is not merely for private benefits of shareholders, but also to promote the welfare of the society from which it takes inputs and generates the output.
The output, if not acceptable to the society, will put the existence of the entity in danger. Public interest and public policy objectives were thus gradually reflected in the legislations and essay on company on companies. Limitations on corporate power through the legislations and law such as doctrine of ultra vires were meant to regulate corporate activity for public welfare.
The concoction of a company on property conception and social entity conception has long been debated. Under the property theory, company is regarded as the private property of its shareholders. The function of the directors and managers essay on company to further the interest of the shareholders who have appointed them. Inthe Michigan Supreme Court seemingly formalized the prevailing conception at the time that the corporation is a property of the shareholders, essay on company.
In Dodge v. Ford Motor Co. The Dodge brothers, essay on company, as shareholders, sued the company. The brothers asserted that the shareholders owned the company and were entitled to force the directors to pay out more dividends, essay on company. On the other hand, Ford, who controlled the board of directors, took the position that the purpose of the corporation was to produce cheap goods and provide jobs at good wages, and only incidentally to generate wealth.
The powers of the directors are to be employed for that end. The discretion of directors is to be exercised in the choice of means to attain that end, and does not extend to a change in the end itself, to the reduction of profits, or to the non distribution of essay on company among stockholders in order to devote them to other purposes.
Shareholders own the company. The assets of the company are equitably the assets of the shareholder-owners. Gradually, an alternative conception of company emerged in which shareholders began to be regarded primarily as investors, and not the proprietors.
Based on the social entity theory, essay on company, the company is regarded to have a social purpose. While shareholders are entitled to a fair return on their investment, the company owes certain obligations to other constituents. This gives rise to the stakeholder theory which recognizes the social responsibility of a company ahead of the objective of profit-maximisation. Stakeholders refer to the groups whose well-being is tied with the company, such as employees, essay on company, suppliers, customers, creditors, and communities.
The theory challenges the shareholders supremacy and argues that both shareholders and other stakeholders have equal claims over the company. Conceptualisation of a corporate essay on company on stakeholder theory is illustrated in Figure 1.
Under this model, every stakeholder is important. The business corporation cannot exist without the stakeholders as each part of the whole is necessary. Expectation of all stakeholders is to be met for the survival and success of the essay on company. This is further supported by the corporate citizen theory wherein corporations are seen as members of the society with similar rights and duties like other citizens.
You must be logged in to post a comment. Your Article Library Home Static Main Menu Home Share Your Files Disclaimer Privacy Policy Contact Us Prohibited Content Prohibited Content Image Guidelines Plagiarism Prevention Content Filtrations Terms of Essay on company Account Disabled.
Related Articles: Private Ltd. Company and a Public Ltd. Company Differences Advantages of a Private Company over a Public Company. Importance of Constituent Assembly in Framing Indian Constitution.
Leave a Reply Click here to cancel reply.
Essay Writing Services Companies!!! - HONEST REVIEW of Solid Essay Writing Company
, time: 2:31≡Essays on Company. Free Examples of Research Paper Topics, Titles GradesFixer
Use the professionally-written company essay samples in the open directory presented on this page. They will give you a clear understanding of how an A-worthy company essay should be structured and formatted. Besides, a wide variety of company paper samples Feb 05, · Here is your essay on Company ( Words)! A company has traditionally been viewed as a shareholder-focused entity. The classic shareholder model focuses on maximization of corporate profits and returns to the shareholders who have provided risk capital and have accepted the Estimated Reading Time: 5 mins Essays on Company Analysis Of Adidas’ Supply Chain Management German company Adidas was established in and has evolved into a global athletic footwear and apparel company, employing over 57, employees across North America, the United Kingdom and Asia. Their supply chain is credited as one of the world’s most effective models and has
No comments:
Post a Comment