Profit maximization questions x 2 Essay Example | Topics and Well Written Essays - 750 words

Profit maximization questions x 2 - Essay Example Therefore, the answer is, to strike a balance between the two, that is, to not run after the profits to the extent that morality and values come at stake. As corporations it is imperative for us to hold our businesses in a manner that our personal values, which, in the first place should not be against that of the company, are aligned with what the society expects from us. A Business carries a two fold mandate, to earn profits and to seek to justify the means of doing so. Corporate Behavior should be governed by business ethics and values and at the same time describe certain methods to induce profit maximization. Being a part of the top level management as executive I will seek to define moral and ethical guidelines in which to undertake the business, making it a part of my organizational behavior. The very culture needs to be such that it helps promote values and business ethic. It’s certainly undesirable to have cost cutting at the expense of low quality and sub standard pr oducts as in a way it may bring in short term profitability and increase shareholder wealth but in the long term it will lead to degradation of the company’s image. I would try to take measures and communicate throughout the organization to promote moral values and to not give in at the mere expense of profitability. However, this does not mean that the pursuit of profitability is of secondary value. As I stated earlier the key is to strike a balance between the two. I believe seeking profitability on the lines of personal values and beliefs will actually act as a catalyst and exponentially create wealth for the stake holders through better image amongst them. There is absolutely no point in running a business that violates personal values as it shatters the very being and makes him a slave of profitability. Once that violation is made the person has no moral obligation and can go to any extent to achieve the latter objective. Hostile take over’s, industrial espionage or even violating the rights of customers and suppliers may lead to some sort of profitability, but this type of corporate manslaughter is certainly questionable. Having a definitive framework in which to carry out the business would certainly be my initial responsibility and in order to see if its being followed, as most of the time there is a disconnection between the company's code of ethics and the company's actual practices, a corporate Value appraisal system should be in place to keep a check and balance. Ans.2 If we analyze the net profitability after tax the company has had around 11% profitability each year whereas the market moved 13% up in the initial two years and the difference between the last two years is about 8.8%. These numbers suggest that the company is performing in a somewhat similar manner as the market. Now, if the company holds a leading position in the industry and has been having a smooth run of profitability and yet the share price has remained constant, it is certainly a message for the company that something is certainly wrong. The share price explains the sentiments of its investors about that particular company, if they believe that the company will do well, the share price will show a bullish trend but if otherwise, the stock price will go down. Now the company needs to understand and analyze its competitive position in the market. It should seek to evaluate how the consumer perception has changed about the company. Having known that the share value of the competitors has grown, this is a

Archimede's Constant in Everyday Life Essay Example | Topics and Well Written Essays - 1000 words

Archimede's Constant in Everyday Life - Essay Example Originally, according to the Webster Dictionary, π is the 16th letter of the Greek Alphabet series. The constant π is called so because it is the first letter of the Greek Letter word perimeter. The first person to use this Greek letter word for the denoting the value of pi was William Jones. In-plane geometry, the constant pi shows the relationship that exists between the circumference and diameter of a circle, regardless of its size. This constant remains the same regardless of the size of the circle. So, π = C/d serves as the basic relationship. Further modification can also help to rewrite the relationship as π = C/r2. The number is also transcendental; it is a number that is not a root of any polynomial with rational coefficients, or it is not an algebraic number of any degree. The value of pi is 3.141519...The origin of this constant can be traced back to the times of 400 BC in ancient Greece; this was the first time there has been evidence of recording the cons tant pi by a mathematician. Greeks, especially ancient Greece has been known for making giant leaps in the field of geometry and the identification of this constant does not come as a surprise. In later years of 200-300 BC, it was Archimedes who was able to approximate the figure of 22/7 for pi, for the first time ever. After Archimedes’ death, the Romans took control over the world. They are not known for the mathematical achievements and research into this wonderful constant was next to zero at this time.After the dark ages of the Roman invasion, pi gained activity again in the Renaissance period in Europe. In the 1700s, after the invention of the calculator, the fastest calculation method for pi was developed by Leonhard Euler. Now that we have the facility of supercomputers it has been found that the constant goes up to 206, 158, 430, 000 digits and counting!