The Business Aspect of The Firm Essay Example | Topics and Well Written Essays - 250 words

The Business Aspect of The Firm - Essay Example The struggle by Amalgamated Manufacturing to make profit shows that the business aspect of the firm is not doing well. Profit maximization depends on costs of operation and revenues generated (Moyer, et al. 2008). Costs of operation should be minimized and revenues maximized. The goals of the form therefore include: expound business aspect, minimize cost of operation and improve sales of electronic components in order to maximize revenues. In expounding the business aspect, the firm may need to conduct consumer research in a bid to identify the loopholes characteristic of its products in the market. Customer satisfaction is fundamental in pursuing profitability of the firm. This is because; they seek to maximize their utility at the minimum cost possible. On the same note, revenues and costs determine profitability. Revenues are generated from sales volume, and it is therefore essential to boost sales in the pursuit of profits. Agency problem depicts an aspect of conflict of interest between the principal and the agent. The principal requires that the agent pursues goals and objectives set by the principal. Sometimes an agent pursues other goals and objectives other than those set by the principal, resulting in an agency problem (Moyer, et al. 2008) In the case of Amalgamated Manufacturing, conflict of interest may arise between the owner(s) of the firm and the manager(s). Owner(s) may want to maximize profits, while the manager(s) may seek to pursue another set of activities before the profit motive. These differences therefore result in conflicting ideas of the right time to push for profitability. The firm therefore may continue to struggle for profitability as a result of the characteristic agency problem.

System of Inquiry Paper Research Example | Topics and Well Written Essays - 1500 words

System of Inquiry - Research Paper Example Lateness is a hallmark of laziness. It shows that the individual being late is not taking enough time out in his or her day to plan the day out so that they will budget enough time to do everything that needs to get done. People who are disorganized generally have such difficulty keeping up with all the things going on around them, that they cannot focus on what is happening now. Thus, people who are disorganized are generally (but not always) late. Once people know someone is disorganized so much that they always arrive places late, they usually don't give these people the benefit of the doubt. They probably figure that this person is so discombobulated that they have no clue how to run their own lives, and, it follows that these people are probably not trusted by many people to follow through. Being late is generally a characteristic that should be looked upon with shame. Therefore, if one is always prompt, one can be proud, hold one's head up high, and know that responsibilities were taken seriously enough to have the respect for others to come to work or school on time or early. In other words, what we do matters. ... Once people know someone is disorganized so much that they always arrive places late, they usually don't give these people the benefit of the doubt. They probably figure that this person is so discombobulated that they have no clue how to run their own lives, and, it follows that these people are probably not trusted by many people to follow through. Being late is generally a characteristic that should be looked upon with shame. Therefore, if one is always prompt, one can be proud, hold one's head up high, and know that responsibilities were taken seriously enough to have the respect for others to come to work or school on time or early. It is a hallmark of an upstanding individual in the community to always be polite. "Politeness means speaking and acting in a civil way and using good manners" ("Character Attributes," 2010, p. 1). Generally, "[p]oliteness is best expressed as the practical application of good manners" ("Polite," 2010, p. 1). One may ask, "Why be polite" Polite people are more likely to get ahead in life in many ways. People who are polite have doors opened for them, and open doors for other people (literally and figuratively). Generally, people who are mean and rude are not going to get promoted at work. Nor will rude and mean people be given the benefit of the doubt when something goes wrong in their lives. People who are rude and mean are not pleasant to be around. People who are polite are much more pleasant and inviting people, and therefore people don't mind hanging around people who are polite. Politeness will bring a person success in life. No matter who one is, politeness can open doors for people. People who are nice may be more favored to get a raise. Polite people may also be