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Scenario: Company X, a multinational manufacturing company based in the US, produces and sells boxed cereals. X grows some of the grain used in its cereals, and buys the other ingredients for its products from suppliers in the US and overseas. X has an existing Corporate Social Responsibility (CSR) program called Breakfast First through which it donates cereal products to homeless shelters, and to the Red Cross for distribution to areas where needed; . X is considering spending even more money to create one or two new CSR programs.
Assume the role of Milton Friedman addressing top management and the Board of Directors for Company X. Friedman’s role is to recommend against the new CSR programs for X; he must explain and justify his theory that the “business of business is business…” and the primary focus of a business is maximizing profits is also ethical.
You might want to write your response in the form of a memorandum to management and the Board of Directors from Friedman OR simply write your response in an essay/speech type format.
Flynn, Inc. is considering a four-year project that has an initial outlay or cost of $80,000. The future cash inflows from its project are $40,000, $40,000, $30,000, and $30,000 for years 1, 2, 3 and 4, respectively. Flynn uses the internal rate of r..
Organizations typically use these tools to implement Six Sigma (DMAIC). Provide some examples of how one or more of these tools can be applied to improve quality in your respective areas of employment, experience, or expertise. Which tool(s) do you t..
What are the Six Sigma method used to measure processes?
How do customer relationship management systems help firms achieve customer intimacy? Define customer relationship management and explain why customer relationships are so important today. Describe how partner relationship (PRM) and employee manageme..
What do you think will happen as a result of the highway administrator's goal-setting program. Analyze the implementation process and identify problems of the program with the relevant concepts and theories.
Consider a plant that packages peanut butter. For each jar the upper spec limit is 8.7 oz. and the lower spec limit is 7.3 oz. The standard deviation of the process is 0.2 oz. If the mean (target) of the process is 7.6 oz., is the process capable?
How do effective managers assess performance and what is the role and process of the Behaviorally Anchored Rating Scale.
What are the products of a bank, an insurance company, and a university? Describe each of the classifications of business products. Why do products have to be deleted from a product mix?
The gender, racial, and religious composition of the United States is going through a profound change. Write a brief overview (in a professional manner) of the demographic statistics of the United States. Assess the impact (in a professional manner) ..
Write a procedural email to employees reminding them of key components of a company policy on acceptable use of email and text messaging. The policy should address security issues
Explain the process by which increased production volume leads to lower costs. Give an example from a real or hypothetical firm. Can this process apply to a service organization as well as a manufacturing one? If so, give an example. If not, explain ..
The Art's Center has an annual season preview where patrons are able to purchase tickets early. There are six stations. An average of 63 patrons arrive per hour. Each station spends an average of 16 minutes with each order. However The Gallo Center d..
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