Free Market Milton Friedman was a staunch supporter of the free market (Esposito & Finley, 2012, p.6). According to him, the most important social responsibility of any business is to engage in activities whose ultimate goal is to maximize profits. Still, the activities ought to be guided by the rules and regulations of the market. The rules, in this case, being the open and free competition that is not built on exploitation. According to Friedman and indeed other economists such as Adam Smith and Keynes, whom Friedman borrows heavily from, corporate workers and leaders in the labour sector should be guided by the principles and nature of a free market. Labour unions’ leaders have a responsibility to the union in advocating for interests that surpass their interests and that of other stockholders. The members of the unions are their priority as dictated by the free market concept. Friedman not only roots for good market policies but also emphasizes on the ethics that are a prerequisite in any business. Friedman suggested that everyone play their role in ensuring that the free…

What values do you think are most important in a CEO? Why are they important? Introduction Companies often demand competent and efficient leaders to become successful. Strategic leadership is relevant as far as the management of company resources is concerned. Being an effective company leader or manager may need to have leadership values such as respect, integrity, wisdom, and authenticity while running the comp[any. These values result in successful strategies for the success of pf the company. On the other hand, different theories, such as behavioral theories, management theories, relationship theories, and complexity leadership theories, may be relevant for successful organizational management. What values do you think are most important in a CEO? Why are they important? Several leadership values are essential for managers in working towards organizational success. One of the crucial benefits that a CEO should possess is respect. The CEO should be respectful; to all individuals u the organization. By so doing, the CEO will be able to earn respect too from his employees and other CEOs from other corporations. Connection builds a good relationship within and…

Jazz Event Music is an important aspect of society that helps to connect the world through rhythm and melody. On the 6th of March 2020, I was privileged to have the opportunity of attending a jazz performance. The jazz performance took place at the Red Poppy House, located off 2698 Folsom Street, San Francisco, in the state of California. The location of the event venue provides a conducive environment for jazz fans to meet and interact with famous jazz performers. The venue’s doors were open at seven o’clock in the evening, and the show started at approximately seven-thirty in the evening. The event venue was able to accommodate 30 seats with standing room available. One thing I liked about the event was that it was cheap, costing $25 for senior students with their school id while allowing the audience to have a great experience. The jazz event was well organized, and the performers knew how to keep time and did not waste time taking to the stage to perform their jazz pieces. The title of the event was Bass Winds…

Corporations Right and Human Rights in Developed and Underdeveloped Countries  Why writing about this topic will be beneficial to me: The global human rights and corporation rights are changing from day today. This proposal is aimed at helping me understand the concept and relationship between human and corporate rights. Learning the way corporate is treating their workers in both developed and underdeveloped countries could improve my knowledge. It is important to understand that workers have rights to object any mistreatment by the company they are work for. My Essay Thesis Statement: In the modern world workers are mistreated, and the human rights violated  by cooperates with the aim of making profits considering the wellbeing of the workers. Approach to the subject of my paper:   This proposal will explore and explain the human and corporate rights comparing and highlighting the current situations in both developed and underdeveloped states. Both human and corporate rights are issues that have become of global concern and are no longer a state issue.  Developed and underdeveloped countries are affected by the corporation and human rights. (Simons, 2012). As…

Sony Corporation’s Various Risk Management Tools A net beneficiary of foreign currency from China and foreign trade other than the USD is Sony Corporation. In fact, the adjustments in exchange rates and enhancement of the USD have a negative impact on the company’s domestic sales profit and gross margin. Various exchange risks, such as investment risks and translation risks, are involved in international trade. A business also faces these risks. Thus, if the risks in the foreign exchange rates occur, it needs to adjust the local currency product price due to competition (XXX). Such foreign exchange risks, including forwarding and options contracts with financial institutes, are mitigated by Sony Corporation by using derivatives and options contracts that will protect the corporation against exchange rate volatility linked to assets and commitments, committed trade, and foreign market investment through subsidiary investments. By using derivatives to offset its exposure to foreign currencies partially, Sony Corporation is safeguarding most of its international content exposure. As stated by XXX, the company signs contracts for foreign currencies and options for compensating some of its foreign exchange…

Analysis of Market Positioning of Sony Corporation in China Introduction Sony Corporation is a Japanese multinational corporation with headquarters in Japan, Kōnan Minato, Tokyo, and commonly referred to as Sony. The company is one of the largest manufacturers of consumer and specialist electronics products. Sony Corporation is a designer, manufacturer, and seller of technical, consumer, and manufacturing equipment, machinery, and devices on electronic markets all over the world. The firm distributes Sony Interactive Entertainment software and add-on content across digital networks, game and video network services, and music content, and home or mobile game consoles, packaged devices, and software (Hong, 2019). They are also a developer, producer, marketer, and distributor of recorded music; they are producing and distributing animated game applications, animation titles, and various visual and music products services (Lee, Lin, & Yu, 2019). The discussion herein underscores the financial projections of the company under various financial elements, and comprehensively makes critical assumptions behind the predictions. This report is intended to examine the international market of Sony Corporation in China. The company has learned how to get consumers to…

Starbucks Corporation Starbucks Corporation is one of the biggest companies in the food and beverage industry. Headquartered in Seattle, Washington, the company operates a coffee chain that deals with coffee production. The company’s unique approaches towards clients, as well as its history, enhance its position as the leading coffee producer. In recent years, it has illustrated a constant growth in both its income and other financial indexes. Its approaches towards business as well as methodologies display positive tendencies, and its tremendous revenue has seen the company become one of the fastest-growing companies. For instance, according to Starbucks Corporation (2020), the company had more than 28,000 locations worldwide at the end of 2018. Besides, the growth has been fueled by its Initial Public Offering (IPO), which currently trades at $ 87.56 per share in the NASDAQ stock market with a market capitalization of 102.795 billion. A large number of competitors that are gaining popularity on the market continually has affected its profitability over the last few years. The company’s profitability remains high, and the tremendous increase in revenue is a positive…

Corporation Upgrade Phase 1 ITS495 Capstone Project Assignment 3: Corporation Upgrade Phase 1 Resources Read/review the following resources for this activity: Minimum of 3 external resources Introduction Part of providing a quality portfolio is showing the prospective employer that you can address technology issues from every angle. One way to do this is to show a well-rounded approach to a systems upgrade. No matter which area of technology you choose to specialize in, there will come a time that you will need to upgrade a system. Having a document that walks you through this approach will help you in ensuring the upgrade has very little negative effect on the company. Activity Instructions You have been asked to work as the Director of IT to upgrade the computers in a small credit union from Windows XP to Windows 7 as well as upgrading the servers from standalone servers (print, active directory, file, web, and mail) to a single machine with virtual servers. This task will be separated into 5 phases to be completed individually through the next 5 weeks and a…

The American corporation of Starbuck The American corporation of Starbuck is a company that is involved in the trade of coffee retail in almost 60 countries. The company purchases coffee roasts and sells beverages, including coffee, tea, and other drinks. Now the company has turned out to a significant coffee house all over the world. The business structure of Starbuck is arranged systemically so that it can produce more income and status, respectively. To run the business effectively, the company of Starbucks has excellent supply chain management which helps to articulate plans. The company of Starbucks has offered the key requirements in its supply chain management system (Boone, 2017). The supply chain management of the entire Starbuck company was the victim of its success. As it has wide stores all over the world at an instant pace, therefore the supply chain organization had to see the development of the entire operation, which was very difficult. Consequently, the company was in a doubtful condition regarding the functions of the supply chain department because all the operational costs were rising day by…

Investigate the Impact of Acquisition on Shareholders’ Wealth a Case Study of Western Digital Corporation and SanDisk Corporation This paper assesses the merger and acquisition that happened between Western Digital Corporation and SanDisk Corporation on 21 October 2015. The research investigates the pre-merger and post-merger performance of the firm. 1.0 Introduction Mergers and acquisition is one of the most applied by companies to achieve the needed resources and capacities to enhance the company earning capacity. Mergers and acquisition promote operation efficiency as a result of consumption and production economy of scale, improved resource allocation, improved application of expertise and information, enhanced marketing synergy, improved use of brand name capital and more effective asset combination. M&A promote corporate synergies which may result in more improved production method, more efficient management and improved market power. New-classical economic theory assumes that the main role of the organization management is to maximize shareholders wealth. M&A is considered an instrument through which corporate replace their inefficient management team. This help in the redeployment of capital in the organization. Hence, if shareholders wealth maximization policies are…