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What must governments do to build business and consumer confidence?...
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- Using the example from the article, identify some of the winners and losers from a well-intended government policy to replace ethanol to produce gasoline. Give me an example from your personal experience/observation that a well-intended government policy leads to a negative unintended consequences.How would a stakeholder approach, if taken by the companys top leaders and board of directors, have possibly prevented the crisis?Is the public is better-served by the existence of the CPSC?
- Both Ford and PayPal are in traditional industries with key disruptive innovations. What are the suggestions you would give to companies in the traditional industries to stay competitive in an ever-changing market?Before responding to the questions below ask yourself the following: 1) is it true that “…doing what's best for society necessarily means sacrificing profits,” 2) are shareholders the only important and influential stakeholders in deciding how best to pursue corporate objectives, and 3) is government regulation, supplemented by self-regulation and civil society, the most effective way to strike a balance between profits and the public good? Based on your individual conclusions regarding the above, answer the following questions: Are profits and the general welfare basically incompatible? Why or why not? If you believe CSR requires the sacrifice of some amount of profit, what amount is appropriate? Is that amount the same for all firms in all industries? How should the CEO decide?Do you support the views that much more can be done by successive governments to curb the levels of corruption within the public sector?3
- Identify the fallacy: “Republicans are extremists who believe that government is fundamentally evil.”How does the Better Business Bureau encourage companies to followits standards for commerce?Did Goldman Sachs do anything wrong legally or ethically? Explain your answer. Would it make a difference if other investment bankers were also providing such services? What subsequent impacts could the transactions described above have on Goldman Sachs?
- What about a quick rundown of the problems affecting the business climate and the difficulties that American companies will have in the future?Which branch of government is the best used for implementing changes on policies for the greater development of the public?what is the difference between nepotism in the government sector and the private sector of business?