Answer:
Explanation:
This question puts together two different perspectives based on different goals and metrics: economics and ethics. In economics, self interest is the driving force and productivity is one of the metrics used by managers and shareholders in measuring their profit making. In ethics, doing good for people and creating social value is the goal. The results cannot be measured anymore in units of productivity.
Peter Drucker in his famous book "Management: tasks, responsibilities, practices" says : "To know what a business is we have to start with its purpose. Its purpose must lie outside of the business itself. In fact, it must lie in society since business enterprise is an organ of society. There is only one valid definition of business purpose: to create a customer." That means to create value for society and not to maximize the profit.
I shall add a recent message sent by Richard Branson - the creator of Virgin Group - in his book "Screw business as usual" : Doing good can help improve your prospects, your profits and your business; and it can change the world." But with a condition: in that firm to exist an organizational culture based on positive values and not on profit maximization. In conclusion, ethics may impact positively on performance if and only if there is a managerial philosophy based on ethics and not on profit maximization, and on value creation. In this well-defined context profit and profitability are consequences and not driving forces of the whole business.
Answer:
$242,000
Explanation:
Calculation of the total amount of manufacturing overhead actually incurred:
Particulars Amount
Indirect Materials $42,000
Indirect labor $101,000
Depreciation On factory equipment $42,000
Additional Manufacturing Overhead <u>$57,000</u>
Total Manufacturing Overhead incurred <u>$242,000</u>
Answer:
Following are the solution to this question:
Explanation:
The metaphor of gambling, chess, and rallying related only to the degree of growing complexity and significance of different roles. In typical management needs and allocates capital, so named players. A senior executive not just uses the resource and also serves as a key motivator for both the company's so-called chess-making goals. Its successful leaders, however, not just to lead to accomplishing organizational targets, and also motivate individuals to serve a better future, and people are advised to rally to the metaphor is therefore said to have been accurate and is focused on the various positions and levels performed by the organization, thus distinguishing roles.
Answer:
The brand that is the exception is Nike
Explanation:
Nike marketing strategy is a very brilliant strategy in the sense that they uses psychographic segmentation approach to make its brand more attractive to the target customers. They're socially- conscious of what the customer want. Nike uses separate strategy to aim their immediate users, athletes and all sportsmen which enables them to cap the market potential of the different segments. They already possess structures to enabled them survive in changing market.
