Reference no: EM13902311
a. Does Friedman believe that business should make as much profit as possible, even if through fraud and deception? How about through discrimination or polluting the environment?
b. What does it mean to say that a CEO has a “social responsibility” in his capacity as CEO? Why does Friedman cringe at this notion?
c. Should the objective of the firm be to maximize shareholder value? What other objectives might make sense?
d. Should a firm embrace value creation for transient shareholders seeking short-run gains, or for shareholders intending to hold for the long term?
e. What do Denning/Martin mean by the “expectation market” and why is it a problem?
f. Denning/Martin recommend “eliminating the use of stock-based compensation as an incentive,” instead focusing on incentives that “place customers at the center of the firm and focus on delighting them, while earning an acceptable return for shareholders.”
Under such a plan, how should a firm price its products (assuming that lower prices delights customers)?
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Concepts of virtue and morality
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Decision-making function with any other managerial function
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Jobs with little face-to-face communication
: Do you think technology will eventually enable top managers to do their jobs with little face-to-face communication? Give examples.
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Production schedule-overall lowest net present value cost
: A company has received an order for four sophisticated hardware units for an orbiting platform. The purchaser will take delivery of one unit starting 1 year from now, and one unit at the end of each succeeding 3 years (4 units total over four years)...
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How about through discrimination or polluting environment
: Does Friedman believe that business should make as much profit as possible, even if through fraud and deception? How about through discrimination or polluting the environment? Should a firm embrace value creation for transient shareholders seeking sh..
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Optimal shipping strategy to minimize total shipping cost
: A company can ship its product from any of its three factories, F1, F2, and F3, to any of its retail outlets, R1, R2, and R3. The capacity, demand, and shipping cost information is provided as follows: The company wants to come up with an optimal shi..
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Kind of ethical-social and political issues
: Search the ITT Tech Virtual Library and find an article detailing how an organization is using a knowledge management system to make better business decisions. What kind of ethical, social, and political issues are raised by information systems?
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Evaluation of objectives in employees performance evaluation
: Do you think evaluations of values should revieve equal, more, or less weight that evaluation of objectives (or that the employee accomplished) in employees' performance evaluation. Why?
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Investment alternatives to maximize total annual return
: The employee credit union at State University is planning the allocation of funds for the coming year. The credit union makes four types of loans to its members. In addition, the credit union invests in risk-free securities to stabilize income. How s..
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