Essay Natural Environment and Campbell Soup

Businesses who participate in environmentally friendly practices will become more profitable. There are difficulties and costs that a business will face and profit takes time but is proven to positively impact a business. “The reluctance to address the forces that are polluting the planet always comes down to money (Smith, “6 Reasons Nations Don't Go Green.”). Implementing environmentally friendly practices within a company “will win them customers, and increase profits” (McDonald, “Why Do (or Don’t) Companies Go Green?”). Many global companies today carry out environmental management tools to adapt to environmentally friendly practices, which helps gain customers, and in turn becomes more profitable. In this paper, I will go into further detail explaining why businesses should be more environmentally friendly, the benefits to be gained, costs that come with being environmentally friendly, and management ways that help a company become environmentally friendly.

In order for any business to be successful they would need to know how to make the most profit for the goods they are producing and selling.

A firm that seeks to maximize its revenue is most likely to adhere to which of the

7. What’s wrong (if anything) with saying the basic financial goal of a business is to “maximize profits?”

Describe how the emerging concept of the triple bottom line can be used to enhance operations management at the company. Be sure to address each component of the triple bottom line.

MULTIPLE CHOICE QUESTIONS (Answers are on page no 16 onwards) Q. What is the primary objective of most businesses? a. To maximize profits b. To pay dividends to stockholders c. To provide a benefit to society d. To manufacture a quality product ANS:

60 years ago, at the conclusion of the financial year, businesses who reported a profit were identified as an honorable business. This is not the case today, some successful businesses operate in the red, however, they have a strong mission statement that addresses their customers (internal and external), products or type of service they provide, a strategy identifying how they will grow and survive (Williams, 2008). Though for an organization to survive, they also must possess strong qualities within their mission and vision statement. This is key to ensure all vested parties have a clear understanding for the company’s existence and where the company is headed in the next 3 to 5 years. Make no mistake, a company who is thriving would

To conclude most companies in the short term will find it hard to profit maximise as they will find it difficult to find the exact point at which MR=MC. However they could look to profit maximise in the long run. This is where a firm will calculate the long run average costs of production at full capacity and then adds a percentage mark up on the price for the profit they want to make, this pricing strategy believes that a firm will adjust output in the short run in response to changes in demand rather than the price. However firms that are in the private sector still profit remains a key objective in the long term, therefore the idea that profit maximisation is always the key objective for a firm is very much dependent on what type of business it is and the sector it is in and most that are in the private sector, profit will be the near the center of all its key

3. Earning a profit probably should be one of the objectives of a firm, but it should not be the only one.

The grave, yet subtle, danger that large corporations put the world in is one that not many companies are committed to fixing. Large companies use substantial amounts of water, energy, fossil fuels, etc. and have almost depleted important resources. The Target Corporation has worked tirelessly to improve their environmental standings and therefore, increase the overall well-being of the world. Target, the second-largest discount retailer in the United States, with Walmart being the largest, has set goals year after year to change their consumption habits and increase their environmental sustainability. While Target has many environmentally friendly products and practices, the company has also committed some infractions, making many skeptical

One of the weaknesses in pursuing the objective of profit maximization is that it ignores

This is a persuasive paper defining various business terms like corporate social responsibility and equal distribution of wealth. The thesis statement does state that the CSR programs are applied in various developed organizations to set an example for small and rising enterprises whereas the anti thesis statement is that there are no moral obligations felt by businesses to be involved in CSR. The financial aspect of CSR activities is also discussed; at times it is thought that involvement of business in any environmental friendly work may lead to higher costs whereas an opposite point of view is that CSR increases long run profit (Aras & Crowther, 2009). Now day’s Triple bottom line concept is aligned with business which is another

3. To sell our product at a high rate and low cost to maximize our profits.

The case portrays a series of profit planning decisions in a family-owned publishing company. The case is written by and about the same individual, Ramsey Walker, a young, recent business school graduate. The case begins with a quick overview of Walker & Company's (Walker) history.

Most companies are profit oriented. Companies survive and live on profit. Even governmental institutions, NGO's and NPO's are profit oriented, what they do with profit is different though. Saying this means that companies seek always to be at a position where profit is maximized. As we know by now this happens when MC=MR but this is an always changing point as supply and demand are dynamic, effectively meaning that if firms get it right once they can't just do the same eternally, they still need to adapt to every market factor as a new change is a new reality all together that needs to be studied and addressed. All