Assignment 1 Not All Companies Are Viewed as Equal 1 1 Essay

Satisfied customers can be the best advocates, which is why customers’ needs should be satisfied every time.

Maxed out is a documentary written and directed by James Scurlock investigating debt in America and shows how the credit and lending issues are affecting society. This documentary shows how banks, credit card companies and other creditors intentionally market to people who are more likely to have problems paying their debts such as full time college students, previous bankruptcy filers and people with visual behavior weaknesses. However, the poor and uneducated are not the only ones effected by debt traps. In today’s society almost everything it purchased on credit from every day households to the government. The average household debt has been steadily rising for decades, millions of people in America have simply accustomed themselves to

The world is full of financial hardship, and American society possesses a great deal of controversy concerning lending. Unfortunately, short term lending, such as payday loans or title loans, creates a structural void within American society. According to Wikipedia, “Structural inequality is defined as a condition where one category of people are attributed an unequal status in relation to other categories of people” (wilipedia.com). When working class Americans apply for a payday, the unequal status between upper and middle class possess a bigger separation financially. The never-ending process of a short term financial fix becomes lifelong debt. Thus, middle class society becomes lower class society. Eventually, working class society will struggle to say above the poverty line. In addition to an imbalance in society classes, short term lending targets consumers who life paycheck to paycheck. In Rigging the Game by Michael Schwalbe, the author explains the reproduction of inequalities. Schwalbe discusses the different kinds of capitals human, social, and cultural (10). The three capitals unknowingly shape Americans social system. Many businesses capitalize on these capitals knowing no laws or regulation exists to stop them from capitalizing on individuals who no faults of their own were born into these unfair capitals. As a result, short term lenders possess the ability to have extremely high interest rates and outrageous fine print penalties because there is little

Ethics can be defined as "the conscious reflection on our moral beliefs with the aim of improving, extending or refining those beliefs in some way." (Dodds, Lecture 2) Kantian moral theory and Utilitarianism are two theories that attempt to answer the ethical nature of human beings. This paper will attempt to explain how and why Kantian moral theory and Utilitarianism differ as well as discuss why I believe Kant's theory provides a more plausible account of ethics.

In his Op-Ed article “The Culture of Debt”, David Brooks, an Op-Ed columnist for The New York Times, sheds light on the bigger picture of debt in the nation today and compares three major theories surrounding the question of who is to blame for Diane McLeod’s plummet into indebtedness.

Debtor Nation: The History of America in Red Ink takes us on a journey through the history of debt in America throughout the twentieth century. The history of debt is not something that most people typically think about when they reflect on the history of America. The author does a great job of allowing the reader to witness how each type of debt that we are accustomed to today originated. Each chapter serves as a timeline to help the reader see how debt transformed over the century. We see the initial form of borrowing with retailers offering credit to their customers with no fees (10), to a profitable system where extremely high interest rates were imposed by “loan sharks,” prompting enforcement of regulations (14), all the way through to the late 1990s where two-thirds of American households had

Customer satisfaction is the customer’s evaluation of a good or service in terms of whether it has met their needs and expectations (Vander Schee, 2016). The culture of the organization is to focus on delighting customers rather than on selling products (Lamb, Hair, & McDaniel, 2017). An example of a highly satisfied customer would be Nicole Snow, who owns a small business in Maine. One day she reached out to FedEx on social networks and asked for help in getting her supply chain set up. The team responded immediately and helped her solve the problem (“FedEx,” 2015). Here customer satisfaction is greatly shown the customers’ needs and expectations have been met by

When the decision was made to introduce health conscience and organic products the company was moving in the right direction, but because these products were

A major change that has transpired in America is the growth in consumer debts. Consumer debts have grown exponentially over the last decades due to the elimination of price controls that were once used by lenders to extend credit to consumers. “The elimination of those price controls changed the nature of consumer lending and consumer borrowing by providing an extraordinary profit opportunity to financial institutions and enhanced purchasing power to borrowers” (Lander 202). Whereas in the past, borrowing was done as a strategy for survival and used as a method for financial advancement, in recent times buying on credit and acquiring debts aimed at purchasing products for indulgence have become customary. Some feel that a consequence of this change has caused a substantial increase in consumer debts. On the other hand, others feel quite differently and believe that consumer debts are growing because of the inflation associated with the cost of necessities and the decrease in individual and family incomes. Per Christian E. Weller, a senior fellow at the Center for American Progress, “Data suggests that the run-up of debt is more of a consequence of economic necessities than of profligate spending” (583). Why are Americans going into debt more today than they did yesteryear? Despite the harm debts are causing the American society, Americans are going deeper into debts because of high interest rate loans and credit

An egalitarian company exists with equal human rights for all employees, regardless of social economic income, race, origin, gender, religious or political beliefs. Most people view egalitarian as fair as it creates a friendly working environment.an egalitarian work environment doesn’t depend on job descriptions and traditional management roles. This allows employees to function as a more inclusive work force.it promoted shared responsibilities among workers and promotes team work. An egalitarian work environment doesn’t depend on job description and traditional management roles to define employees and structure workforce. This allows

While the core role of businesses is to connect consumer and producer and initiate transactions, discourse has arisen in recent years on whether businesses have a social responsibility. No longer are businesses seen as black and white institutions that simply provide services. For many, it is thought that businesses should act and make long term decisions not only for the sake of profits or financial success, but also what offers the most societal benefit. Do companies, at the end of the day, have an obligation to investors and the general public or to the stability of their own firm? Such a proposition, which considers the role of businesses in society, is explored within J.C. Chandor’s Margin Call. From the beginning, the audience is presented with a firm that obviously faces difficulties and stresses through the massive layoffs taking place. During the film’s opening, this firm and its decisions seem isolated within the financial industry and unable to have any sort of effect on the general public and society. As the film progresses, the firm develops into an economic behemoth, capable of taking down the entire global economy based on the firm’s decision to liquidate toxic assets. Why are the employees and executives of the firm prioritizing the stability of the firm over all else, from laying off countless employees to unloading worthless MBS product onto the market and subsequently initiating the recessionary snowball? Ultimately, the willful ignorance employed by the

Diversity strengthens unity and provides great power. With only like minds, success cannot be obtained. There must be an equally distributed balance of authority across all demographics for objectives to be met and move forward. Whether the public is willing to admit it or not, women matter tremendously. Women are underappreciated and lack proper significant representation in corporate America. Now is no longer the past and this is a blessing, but culturally as a people we must grow apart from traditional beliefs that hinder our growth as a society. With that beings said, it is beneficial to place women in top corporate positions because they enforce the following very important qualities:

By offering an alternative solution to free trade, fair trade tries to solve the failures of capitalism such as the information asymmetry and the unequal benefit between stakeholders for trading partnerships between developing and developing countries. Notably, Consumers appear to apportion more and more interest in the goods and services they consume. The origin and background of the products they buy are becoming particularly important to them. This explains the inclination towards ethical consumption which includes among others the purchase of fair trade products. With increased availability of trade fair products in mainstream markets ethical consumer choices also grows. The ability to make a positive impact as a consumer, in partnership with fair trade organisations is another dimension of fair trade’s popularity. With fair trade, the consumers can help bridge the wealth gap and reach farmers and artisans who need fair trade to survive and thrive.

Traditionally services activities have not been traded internationally because trade was technically impossible and /or prohibited by domestic regulation (an exception must be made for transportation services) (Jones and Raune, 1990). Consequently the markets for services products have essentially non-traded, with price and output being determined by domestic supply and demand. Hill (1977) has characterized services as evolving the simultaneous location of consumption and production, thereby ruling out the idea of a tradeable service product. But Hill's definition simple relates to contact services ( Hindley & Smith, 1984; Sampson & snape, 1985; Bhagawati, 1987). There exits a range of services, e.g., engineering services, certain management-consulting and accounting services, legal services, data processing and telecommunications services and financial and insurance services which do permit a separation of the location of production and consumption in space as well as time , so that service trade may take either at the factor or at the product level (Melvin,1987). Trade in either the services factor or the services product improves economic welfare and the extent of welfare

Literally everything we do, every concept perceived, every technology developed and associate employed, is directed with this one objective clearly in mind – pleasing the customer.”