Contemporary corporate governance issues Essay Example | Topics and Well Written Essays - 1500 words

Contemporary corporate governance issues - Essay Example This paper evaluates whether businesses exist solely for the benefit of its owners (shareholders or not). It goes further to look at the agency theory and other related matters as well as the challenges related to it and the need for alternative views and systems in businesses in the present era. Some decades ago, businesses were basically set up to generate wealth for the owners. This was a capitalist model that ensured that investors got the highest possible returns from their investments. Other concerns were kept to the barest minimum. Parkinson (1994) rightly judged by the events around him, that the â€Å"process of supervision and control [management] intended to ensure that the company’s management acts in accordance with the interest of its shareholders [owners]† Twenty years ago, this was a very acceptable standpoint that most people in society would seldom argue against. Wood & Welker (2011) identify a group of shareholders who arose in the 1970s with the view of ‘disciplining’ directors and restoring control of the true ownership of the organization to its owners. This group of people is described by Johnson, Scholes & Whittingon (2008) as pristine capitalists. With this background, there were two major questions: What should a firm do for its connected parties like its workers and suppliers. Are they just a means (in the absence of machinery) for the creation of wealth for these pristine capitalists? Secondly, if all directors were controlled solely by shareholders, what happens to their freewill and what can they do about the needs of other legitimate people connected to the organization in question. So with this, there were a lot of debates and scandals that forced the business community to take the agency theory a step further and incorporate other important and legitimate needs that organizations needed to honor to the larger society and to its connected parties. Need for The Agency Theory The popular Salomon V Salomon case laid the precedence for the separation of ownership and businesses. This has given right to the formation of limited liability companies around the globe that are distinct from their owners. However, to ensure that an entity acts and operates effectively and efficiently, there is the need for organization to employ directors and managers who will manage the supervisory and routine activities of a business respectively. This has led to the need for shareholders and owners to stand aside and transfer the running of their organizations to competent people who can run the organization. These people, often known as directors or managers act as agents of the owners and they need to seek the best for the organization. In doing this, the owners of organizations have to follow the agency theory which ensures: 1. Identification of legal provisions of the contract between the owning companies and joint ventures in line with the rules of the agency theory (which will be discussed later). 2. Accountability to owners (Hutzschenreuther, 2009). Thus national laws as well as articles of associations for the incorporation of the business guards the conduct of managers and directors. This is because these directors, known in Latin as fiduca (which means ‘trust’) and carries connotations of trust, good faith and honesty (Rahaim, 2005). This means that directors and managers need to avoid â€Å"self dealing† or â€Å"conflict of interest†. The idea of self-dealing refers to a situation where directors use their influence or knowledge in an organization to further their needs.

The Negative Prospects of the Technological Advancements Essay

The Negative Prospects of the Technological Advancements - Essay Example The robotics will have their own mind, make their own judgments and thus eradicate the human race. From this title, it can easily be predicted that there is no future for the human race. Bill Joy debates the negative prospects of the technological advancements in nanotechnology, genetics development and the use of robots. The computers processing speeds exponentially growing in recent years and the development of novel inventions will supersede the speed of growth. The gigantic computing power might make the intellectual fictitious robot possible. Human beings and the robots will merge in an attempt to complete the industrial tasks. These changes might even lead to human replacements in these industrial tasks. These hazards also occur in nanotechnology and genetics scopes of life. The establishment of nanotechnology made possible development of electronics of molecular nanoscale. This technology will grow greatly in the subsequent two decades. Joy said that it is by far easy to make negative applications for nanotechnology as opposed to the more functional ones. He further articulated that, if we do not put the ethical issues of nanotechnology in mind, there is a high danger of destroying the earth’s biosphere that we all depend for survival. The development of genetic technology presently brought us numerous ethical issues. Bill Joy supposed that the general community is conscious of, and nervous about, genetically customized groceries, and appears to be declining the concept that such edibles should be allowed to be unlabeled. Bill’s apprehension was that genetic technology might give the authority to bad personality and aid them to perform disparaging act with an example being the White Plague. The price of employing GNR technologies to perform negative acts is being less than the NBC period is what Bill worries. While creating weaponry of mass destruction with NBC technology requires rare novel unprocessed materials and largely protected data with large-scale actions, the GNR technologies are abused easily. According to him, they will not need vast facilities or novel unprocessed materials but the knowledge is what will enhance their usage. This is knowledge provokes the human thought. Undeniably, the advancement of GNR technologies will alter our existence to a large degree. The development of genetic technology will treat today’s incurable diseases Nanotechnology will provide enormous industrial materials to be used in production of electronics. Humans will be freed from their places of work with the deployment of robotics to substitute human labor. This is a remarkable negative effect because human labor will be brought to extinction. Human labor is what most people depend on to make or earn their living as it provides employment. Some of Bills debates are not on point because there is uncertainty whether the expectations of the future are pessimistic without the power to manipulate the development of GNR techn ologies. I do not suppose that there is abuse of GNR technologies just by being knowledge about it. A number of Bill Joy’s justifications of disagreement are sufficient. In addition, I doubt whether the future is that pessimistic if we do not manage the development of GNR technologies. Just as we require tools to develop mass destructive arsenal with NBC machinery, we also require equivalent tools for application of GNR awareness. High precision machinery is required to implement genetic and nano-technological advancements. I am in doubt of the future being so pessimistic with no ethics care in such fields. Bill Joy depicts that people may combine with robots hence development of new Borg similar species. We ask ourselves if this is the destiny of human evolution (Winston & Edelbach, 156).

The Prospectus Essay Example | Topics and Well Written Essays - 1250 words

The Prospectus - Essay Example Using this prospectus in this study, will make it easy for the designed objectives to be achieved as the research problems will be easily achieved. The prospectus also ends up giving ways through which this study can be helpful to the stakeholders. The wedding day is the greatest day that the brides have been waiting for all their lives. They, for this reason, raise expectations high on this day, assuming and wishing that everything will go as planned. However, the brides get consumed thinking about the positive expectations from their wedding day until they forget about the unexpected negative events that can also accompany the day (Laurie, 2014). There are very many stressful issues that the brides are normally concerned about during this day that can make one wonder whether this day should be meant to be a big one for the brides or a stressful one for the. In their endeavors to making sure that everything goes well beginning from making themselves look fabulous to ensuring that there arises no mess in the program and arrangement of activities, the brides end up being stressed during their wedding day. This research is for this reason aimed at finding out those reasons that make the brides go crazy during when it is expected to be their biggest day in life. The research will be based on certain assumptions including the fact that the brides need to oversee the planning of activities during their wedding day. Another assumption is that, the brides are the ones in-charge of their looks during this day. We can also assume that all the weddings have some stressful events in them. Weddings are expected to be the best events that bring a lot of happiness in the lives of the brides. It is this day, the wedding day, which should mark the begging of endless happiness in the lives of brides when they begin living together with the grooms. Wedding is perceived as a bridge that brides use to pass through life full of loneliness to a life of companionship.

Introduction to Marketing PowerPoint Presentation

Introduction to Marketing - PowerPoint Presentation Example outsourcing social media marketing services from the social media companies that have since been established and now, looking to dominate the industry. The overall market size for the social media advertising companies cannot be estimated precisely because to do so, one will need to count the ever-growing number of companies and institutions being established daily, and who essentially need to market their products. Thousands of existing companies and institutions are already outsourcing social media services, so an estimate of 50% of all businesses countrywide would be an appropriate market size, for now. 1. Placing adverts for companies and institutions on all the six most popular social media platforms. These include Facebook, Twitter, LinkedIn, Pinterest, Google Plus+ and You Tube. The choice of platforms to use depends on the social media sites preferred by the client and most importantly, the nature of products and serviced being advertised. 2. Content creation and campaign management services. In an effort to marketing a particular product or service, there has to be a campaign to sensitize its use and the content in that campaign needs to be original. 4. Research, monitoring and analysis of social media marketing.- success depends on your ability to measure and understand your efforts. Community measurement is an essential tool in social media marketing. 2. The top areas businesses want to flourish in are tactics and engagement processes - At least 89% of companies want to use the most effective social tactics and engagement plans for their social media audience. 4. Businesses want to make the most out of Google+ - While 54% of big corporations are using Google+, 65% of smaller companies want to know more about it and 61% plan on increasing Google+ activities this year. 5. Podcasting is on growth trajectory-Though only 6% of companies have utilized podcasting in their advertising, 21% plan to increase their podcasting activities this year. That is

Advertising plan for Vodafone Assignment Example | Topics and Well Written Essays - 2500 words

Advertising plan for Vodafone - Assignment Example In the current world, it’s not only about sending text messages and vocal communication; there is also the need to send photos, videos etc.  Vodafone  provides all these options. Because of all these facilities more customers are attracted to  Vodafone. Their Broadband services are also used by most of the customers. Apart from the products and services they offer, they have started a Vodafone Group Foundation. The fund of this foundation is collected from the Vodafone Group annually. The Foundation has been started in more than 25 countries and they are involved in many community involvement and social activities.   Vodafone was awarded the UK's first mobile license in the year 1982. They started the first international mobile roaming service in the year 1991.In 2002 they started providing the facility to access internet in mobile. Apart from all these, recently they started the Vodafone money transfer service through mobile. Through this the customers can send and re ceive money through safest and easiest way. Vodafone have around 45% stake on Verizon Wireless services. They acquired a company named Telsim from Turkey in the year 2006 with an investment of around 2.5 billion Euros. In 2007 they acquired a company Vodafone Essar and entered into the Indian Mobile Market with an investment of around 5 billion Euros. The Vodafone Group is listed in the Stock Exchanges of London and NASDAQ and the headquarters of Vodafone is in London. Vodafone is mainly based on Middle East, Europe, Africa, United States and Asia Pacific. They have expanded their network in other countries also. Partner Market Agreements were made between Vodafone and their partners. With their co-operation, they entered into the marketing of global products and services with different levels of brand. By this strategy  Vodafone  enters into different countries and expanded their network and made their partners and customers getting more values and services. Also for the Vodafo ne customers who are travelling to other countries, they no need to invest again in that country because of this facility and they can make use of their partner network. The main products of Vodafone are  Vodafone live,  Vodafone Connect to Friends, Vodafone Euro-traveller,  Vodafone Mobile Connect USB Modem,  Vodafone 710,  Vodafone Freedom Packs, Vodafone at Home and Vodafone Money Transfer. In 2009 Vodafone launched a new business unit for health named as mHealth.   In 2010, they launched another product named  Vodafone 150. It is labelled as the world's cheapest mobile phone. Some of the main markets of Vodafone are Germany, Spain, UK, Netherlands, Turkey, Portugal, Greece, Romania, Hungary, Ireland, New Zealand etc. In these countries Vodafone have 100% ownership. In South Africa 94% of the stake is owned by Vodacom Group and from these 94%, 65% is owned by Vodafone Group. In Italy 76% of stake is owned by Vodafone. In India 65% of stake is owned by Vodafone. Voda fone also invested in a company named  Safari com  it is a market leader in Kenya and it has an ownership of 40%. They have around 25 million subscribers. They have an indirect investment of 4% in Bharti Airtel. Product & Service A wide range of services are offered by Vodafone. A few of them are 1) Voice 2) Messaging 3) Data and fixed line solutions and devices to assist customers in meeting their overall communication

Decolonization Research Paper Example | Topics and Well Written Essays - 1250 words

Decolonization - Research Paper Example olutions to present peace had been placed and failed because of conflicting ideologies that had been held by nations that lacked the desire to honor freedom. Reed had been the order of the day with the struggle presented in establishing the needed dominance within the established grounds (Bolton 451). The aspect of decolonization had been extended to the need to break the bonds established before to the onset of WW1 when nations had scrambled to obtain territories within the Asian and American continents. The concept ensured freedom and establish the independence needed to predict the ideology in upholding human rights. The decolonization process ensured the eradication of colonial dominance within the territories and uphold independent decision making. Decolonization has also been extended to be reflected to the period that presented the needed wave to establish free opinions to the rule of law. To achieve the fete, there was the realized battle to obtain the rights of presenting do minance and achieve the desired support from external bodies willing to maintain balance. Decolonization ensured that the rights of the individuals had been maintained to establish strong bonds within the societal setting and eliminate the harsh rule of colonization. After the famous war in 1914-1918, there was the realization from the nations that had been under harsh colonial government that the European nations had presented could be destabilized. His entity yielded the ideology to seek for freedom and promote the prevalence of justice and self governance. Europeans had travelled the borders with the mission to integrate their technology and religion in less developed societies before the beginning of the famous war. The solution had been included in presenting a uniform measure to present a stable society that would follow the set rules (Hendrick 468). However, as the war progressed, there had been the subjections realized in the methods applied in ruling the less advanced

Sampling and Data Collection Plan Essay Example for Free

Sampling and Data Collection Plan Essay Team D has chosen to look into whether or not should Pear Inc. should start putting their resources into either Laptops or tablet electronic devices. Putting resources into a venture that may or not pan out could be detrimental to that same company. As an example; Kodak and their choice not to expand into digital, something they created, and stay the course with their polyurethane film (Mui, 2012).In the end the choice the public made was to go to digital and have the image saved for ever instead of the inevitable fading of pictures and the breakdown of the film making Kodak play catchup. Population, Size, and Target When considering of finding the population we have chosen social media for all sexes, ages, financial, and country demographics. The reasoning behind the choice is Pear’s product utilizes this source of media in particular. In addition social media is heavily used by the same people who frequent these sites. The sampling would reflect on Pear’s target audiences assisting in the choice of which direction to go with Pear’s resources. It determining size team D would like to obtain a min of 10% of the population of random sampling. Due to the time limit restraint of the weeks leading up to week 4 team D would like to see a 300 individual response to the choices of our chosen sampling element. Sample Element Team D had talked about data mining, survey source, and observation. Data mining would need to look at the sales of both the Pear Book and the Pear Pad in a given business cycle of the most current year (Stat Soft, 2014). This is due the fact technology is growing so fast looking at data, even one year ago, may provide incorrect data in which put Pear on a different direction then it should be taken. Also data mining would only answer the direction the company is being taken too by the market and not determining  or understanding the cause of the direction. Data mining is also a form of observation. Pear could send out certain employees to different electronic store, web sites, chat rooms, or to any form of commerce to look at the all sales both Pear’s and its competitors, however still wouldn’t answer the question of where to place Pear’s resources. Pear must determine to logically and have firsthand knowledge of what people are thinking about before they go and purchase. What are their choices and needs to be filled when using their chosen electronic device. Personal lives continue to change. Meaning people might be going to college, High School, into video gaming, or just in need a device as a medium of entertainment. Pear has chosen to perform a targeted survey in which 9 questions would be asked. The survey would ask if they were to look for electronic devices today what they would be looking for. Additional questions would be asked: Age Income Laptop or tablet Gender Usage (business, pleasure, or both) Video gaming How much time on device (laptop or tablet) Prices of either Laptop or tablet Is brand type important Storage capacity Using the survey is putting the trust in the individual to answer the questions truthfully and accurately. However the moment the individual steps into the business or orders their device their mind may be changed at the point of sale. If there is a change this is the degree of variance and would be used in the confidence makeup of the sampling. We hope to have a 95% acucuracy. If we only have 300 answered surveys and we wanted to look at the age of those surveyed we would take the age range and find the mean. As an example let call the mean 26.7, then we would find out the standard deviation of those surveyed and receive 2.5. Then we would look to find the 95% interval of 1.96. I would calculate the formula of 1.96(2.5/sq root of 300) and receive the answer of .28 (rounded to the nearest tenth). Then I would take the mean of 26.7and add or subtract .51, (26.7+/-.51) the results are 26.42,26.98. In conclusion Team D would conduct a survey on an established social media site on the internet. Total the number of responses hoping to have at least 300 or more. The reliable information would need to be trusted because the questions are granular and generic enough to not have personal information. So protection would only be how many persons answered the question and nothing personable. Storage of the data would be password protected. References Mui, C. (2012). How Kodak Failed. Retrieved on October 9, 2014 from http://www.fo rbes.com/sites/chunkamui/2012/01/18/how-kodak-failed/ SHMA (2012). 4 Types of Consumer Buying Behavior. Retrieved on October 9, 2014 from http://managementation.com/4-types-of-consumer-buying-behavior/ Stat Soft (2014). What is Data Mining (Predictive, Analytics, Big Data). Retrieved on October 9, 2014 from http://www.statsoft.com/Textbook/Data-Mining-Techniques