How Personal Can Ethics Get Essay Example | Topics and Well Written Essays - 750 words

How Personal Can Ethics Get - Essay Example For this very reason, it has become matter-of-factly for executives to trade in what is moral for what is lucrative. Decision-making is an integral process of everyday life. In a nutshell, it governs everything that we do from the moment we gain consciousness everyday. We decide what time to wake up, what breakfast to eat, what clothes to wear, etc. The same goes in a business environment. Every decision that must be made affects the entire company. But more than this, it also affects the community and is not delineated to only those belonging to the company. When one looks at every decision process in this context, then greed shall not govern the action of corporate honchos that run businesses which in turn affects everyone’s lives. â€Å"There is a natural principle of benevolence in human beings which, to some extent, has the same relation to society that self-love has to the individual† (Borchart & Stewart, 1986). Culture, from the origin of the word itself means cu ltivate. It is an aspect which can be formed and molded according to the necessities of the time and the will of those forming it. It may be for the better or for the worse depending on the vision of the leader who oversees the group. The same goes for an organization and how it may develop its culture. When it is focused on short-term goals of profit generation without regard for the welfare of other people, and when this is done time and again, then it becomes a part of that company’s culture and its own identity. Once this happens it becomes difficult to break away from and willpower is necessary to steer it into its right track. But when an organization builds from within itself a culture of excellence with concern for other members of the community, then this emanates and the growth of the organization becomes evident as all members have the common goal and the common missions that they must adhere to. Whole Foods Market presents an example for a company that strives to change the perception of a business venture and make it an overall experience for its customers. Founded by John Mackey in 1980, the small company has grown into a large corporation with 170 stores. Driven by the idea to make grocery shopping a whole new experience, Mackey launched the company which incorporated a wide array of choices and interactive experience with its courteous and informed employees. Steve Demos of White Wave says, â€Å"Wall Street – that’s where the fun begins. They only measure one thing, the bottom line. My goal is to demonstate that the principle-based business model is more profitable than its counterpart, and when we do, Wall Street will chase us instead of the other way around† (Slocum & Hellriegel, 2007). Like Demos, Mackey ardently believes in not sticking by the rules laid out in Wall Street whhere big and fast profit is the name of the game. He argues that a steady growth directed at a long-term goal is the way to go rather than relying on quarterly figures to determine the next steps of the company. Whole Foods even went so far as to release a ‘Declaration of Interdependence’ affirming their motto: â€Å"Whole Foods, Whole People, Whole Planet.† Corporate greed had always been regarded as an acceptable reality in our society. Big busineeses always had been denoted as having attained their status based on shady transactions and corporate manipulations that CEOs must

ECON Research Paper Example | Topics and Well Written Essays - 1000 words

ECON - Research Paper Example Hypothetically, the relationship is that with a budget deficit, there is likelihood that the government may finance this deficit through printing of more money and pumping it into the economy. This leads to more money into the economy leading to inflation. Since this printing of money is not going concordant with production of goods and services. This concept is popular with developing countries where financial markets are not well developed to finance the deficit or when the public lacks enough confidence in the government of the day to invest in the government’s debt, or when the central bank is not independent and therefore easily manipulated by the government to finance its debts. Data pointing on the relationship between budget deficit and inflation are hard to come by since different countries give varying statistics. Some show a direct relationship while some do not hence this research. This research will use the statistics of the United States budget deficit and inflat ion and United Kingdom deficit and inflation. UK and US financials The united kingdom and the united states are considered to be relatively economically stable countries with independent central banks and relatively stable financial markets. This means the central bank is under no influence by the political class and financial markets may be used to finance budget deficits. This leaves the budget deficit and inflation as independent entities and it would therefore be interesting to see what other relationship there may be between the two concepts. Financial data of these two countries will be used in this paper. Budget Deficit or Surplus Data US Surplus or Deficit data The above graph shows the US deficit and surplus over a period of 20 years. The fluctuation over the years may indicate change in political environment and shift in policies. UK Surplus or Deficit data The above graph shows similar data over the same period of time but of the UK. The figures show huge variations betwe en the two countries. It may seem the two are exact opposites of each other. For the rise of one over a given period, a fall of another within the same period is reflected. Inflation Data US inflation rates The inflation data chosen is of the same period of years, 1982-2012. The figures are also fluctuating over the years, this too may be due to changing monetary policies, and political era shifts. UK inflation rates The inflation figures between US and the UK are not as varied as the budget deficit figures. The figures seem to go in tandem with each other. This may be due to economic common factors that lead to such. The common factors may be global, bearing that the US and the UK control a significant portion of the world’s economy. Budget deficit/inflation figures US Budget deficit/Inflation The US budget deficit and inflation figures show a relationship between the two. A rise in one shows a rise in the other. This may indicate lack of full independence of the central ban k. However, lagged the relationship may be, there is a relationship. UK budget deficit/Inflation The UK budget deficit and inflation figures show a more lagged relationship. The relationship between the two graphs is not reflective of an active relationship between the two figures. It may indicate a very independent central bank. However, it is important to consider the difference in the economic operation between the two c