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In 1962, the Atlantic Cement Company began operating a cement plant outside of Albany, New York. The company employed over 300 local residents, and by 1970, had invested $45 million in the plant. The plant emitted large amounts of pollution, however, and caused constant vibrations and loud noises. Local residents filed suit against the company, claiming that the loud noises and the vibrations were harming their health and properties. The suit asked that the court issue an injunction that would close down the plant until the pollution and vibrations could be eliminated. The company was already using the best available technology, which meant that the suit was asking that the plant be closed down indefinitely. The court refused to issue the injunction, reasoning that the costs of closing the plant outweighed the benefits to be gained by the residents. Instead of closing the plant, the court ruled that the cement company should pay residents a one-time fee to compensate them for ongoing harms. This fee was calculated to be a fair market price for what the residents would receive if they were inclined and able to rent their property.
Define justice.
Was this a just result under Nozick's view of property rights?
Assume that you have been appointed to turn a failing company around, and you identify TQM as the answer. Your project report submission should comprise answers to the questions that revolve around this situation and are related to TQM. Delineate the..
A "Best-Cost" strategy is most like which other generic business strategies? A strategic use of the value chain model is:
Develop a complete activity schedule based on the crashed activity times. Formulate a linear programming model that can be used to make the crashing decisions for this project.
How do the two alternative process technologies (Chemling and AFU) differ in terms of their scale and automation? What are the implications of this for Rochem?
One of the British financial institutions that specialize in banking and insurance services surveyed the external environment and reached the conclusion that organic food retailing is one of the fastest growing businesses.
What is groupthink? Why can groupthink be detrimental to effective group functioning?
Describe implementation and evaluation feedback and what they tell us? Define institutionalization and associated processes.
What do you identify as the ''operations function'' wthin IKEA? How is this different from the ''sales function''
Identify and discuss what you believe to be the most strategic external environment scanning factor that could have the biggest impact on your Strategic Audit firm in the next five years. Explain what you think your Strategic Audit firm can do to wor..
Identify five forces which shape competition as described by Porter. Explain illustrate what is meant by term "competitive advantage". List three directional strategies.
Characteristics of an Reactor firm include (check all that apply - you may have to check several boxes to receive full credit): A defender strategy typically involves which types of behavior (check all that apply - you may need to check more than one..
The demand for airline travel is quite sensitive to price. Typically, there is an inverse relationship between demand and price; when price decreases, demand increases and vice versa. One major airline has found that when the price (P) for a round tr..
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