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something rotten in hondo case study solution

Category: Business Paper Type: Homework Reference: APA Words: 1500

PART 1

Comparison

Friedman was an economist and statistician; he received the Nobel Prize in economic science in 1976. It was the habit of Friedman to participate in the debates on different issues. He was the strong proponent in the field of social sciences. Pearce was the professor of the electrical and computer engineering. In 1977, he received the degree of the Master of Science in the electrical engineering. Both of them work to find out the social responsibility of the business. They research on the same article. According to the Friedman, the social responsibility of the business is to increase the profit for the stockholders. Friedman also says that the environment and the social issues can create problem for the business. Because environment affects everything either it is the business or he is human. Therefore, it is necessary to bring change according to environment.

Without change, it is difficult for to survive. He also says that there are some companies to pollute their local communities risk poisoning their customers. Similarly, if the environment of any working place is better than it create good effect on the business. If abuse our employees then the turnover ratio of the employees will increase. If we create good environment in the place of work then the employees motivated and they work with more attention. This thing cause to increase in the productivity ratio. If the environment of our working place is good then it is not difficult to attract the qualified candidates. Nothing likes to work in the polluted or bad environment. Exploitation tax schemes and unfettered markets reward different companies for acting in their own interest in the name of competitiveness and economic growth.

Friedman says that only purpose of doing business is to increase profit or to increase the economic growth but it is also necessary that we have created favorable environment for this. If the environment is good then it is easy otherwise, it is difficult to increase the profit of different stockholders, shareholders and the other participants of the business. Environment is the important factor for to increase the profit of any business. While on the other hand Pearce & Doh says that strategies play important role for to increase profit or to make any business successful. They say that strategies provide direction in doing business. Then it becomes easy to increase the profit. For this purpose they developed the framework for to describe the entrepreneurial strategies and modeling in transitional public policy environment. They also describe how corporation affected by the different policies of the government.

In their research, they also describe the impact of collaborative social initiatives. Executive face conflicting pressure for to contribute in the social responsibilities. It is not the issue that the companies engage in the social responsibilities the main thing is that how they should do so. The main challenge is that how companies achieve maximum social benefits in a business in the limited resources. According to Pearce & Doh joint projects generate values to both for the nonprofit and private participants, as a particularly an effective approach. However, with this it is also necessary to follow the governmental rules and policies during business. Business has no options of shortage for to advance to their CSR goals.

Assignment on “Comparison of Friedman vs. Pearce & Doh theories ” “Something’s Rotten in Hondo” By ABC Date PART 1 Comparison Friedman was an economist and statistician; he received the Nobel Prize in economic science in 1976. It was the habit of Friedman to participate in the debates on different issues. He was the strong proponent in the field of social sciences. Pearce was the professor of the electrical and computer engineering. In 1977, he received the degree of the Master of Science in the electrical engineering. Both of them work to find out the social responsibility of the business. They research on the same article. According to the Friedman, the social responsibility of the business is to increase the profit for the stockholders. Friedman also says that the environment and the social issues can create problem for the business. Because environment affects everything either it is the business or he is human. Therefore, it is necessary to bring change according to environment. Without change, it is difficult for to survive. He also says that there are some companies to pollute their local communities risk poisoning their customers. Similarly, if the environment of any working place is better than it create good effect on the business. If abuse our employees then the turnover ratio of the employees will increase. If we create good environment in the place of work then the employees motivated and they work with more attention. This thing cause to increase in the productivity ratio. If the environment of our working place is good then it is not difficult to attract the qualified candidates. Nothing likes to work in the polluted or bad environment. Exploitation tax schemes and unfettered markets reward different companies for acting in their own interest in the name of competitiveness and economic growth. Friedman says that only purpose of doing business is to increase profit or to increase the economic growth but it is also necessary that we have created favorable environment for this. If the environment is good then it is easy otherwise, it is difficult to increase the profit of different stockholders, shareholders and the other participants of the business. Environment is the important factor for to increase the profit of any business. While on the other hand Pearce & Doh says that strategies play important role for to increase profit or to make any business successful. They say that strategies provide direction in doing business. Then it becomes easy to increase the profit. For this purpose they developed the framework for to describe the entrepreneurial strategies and modeling in transitional public policy environment. They also describe how corporation affected by the different policies of the government. In their research, they also describe the impact of collaborative social initiatives. Executive face conflicting pressure for to contribute in the social responsibilities. It is not the issue that the companies engage in the social responsibilities the main thing is that how they should do so. The main challenge is that how companies achieve maximum social benefits in a business in the limited resources. According to Pearce & Doh joint projects generate values to both for the nonprofit and private participants, as a particularly an effective approach. However, with this it is also necessary to follow the governmental rules and policies during business. Business has no options of shortage for to advance to their CSR goals. Therefore redirecting the company toward the socially responsible mission, which seems attractive and may have unintended consequence of diverting both the employees and the manager from the core mission of the business. Nevertheless, for this it is necessary to develop the model, which can guide to the manager and employees. Strategies and plans play important role for achieving the goals of the organization. Because strategies provide us direction during the business that in next what we have to do. Although environment affect to increase the profit yet with the environment strategies are also essential for to maximize the profit of any organization. PART 2 Something’s Rotten in Hondo: Ethical issues: Ethics are the norms and values that are acceptable to any society. In the Hondo industry, some ethical issues create problem in the environment and disturb the people of that society. The issue of this industry is the pollution of the environment. This industry is located in public place, when it works then it contaminate the air in this way this industry is the reason of the disturbance of the people. Because it is difficult for the people to live and take, breathe in the contaminated air. They do not have enough resources for to restructure this firm in other place outside of the population. For this they start to work at nighttime, it was a tough task for the workers. It is also unethical. Option identification: It is a good idea for to reconstruct the firm outside of the city. It is also not good for to work at the nighttime, because in this way it pollute the environment at the nighttime. If this is not having enough resources for to reconstruct this firm again then it has to use scrubbers. Because it is also a good for to keep the environment, clean from polluted gas of the industry. For health, it is necessary to live in the healthy and clean environment. It also include in the ethics to keep the environment neat and clean. Ethical arguments related to the options you identified: If the company have not enough resources for the reconstruction of the firm or for the new scrubbers then the owner of the Hondo have to close this firm. The first priority is to care the health of the other people. It is not ethical to open the any industry or firm in the public place. Therefore, this firm has to close until they have the enough resources for to reconstruct or money for to buy scrubbers, which cannot pollute the air. Otherwise, they have to close Hondo, because people life is more important than the other thing. Ethics principles in arguments: During doing any kind of the business, we have to follow the principles of ethics, which play important role for to make the business successful. During doing any kind of the business, we have to be honest in all kinds of the actions and communications. In business, if we promise with someone then we have to fulfill the promise on time. For business, it is also necessary for to maintain the integrity, it also include in the ethics. Loyalty with employees and customers is also necessary, without loyalty, it is not easy to achieve the goal. We have to care the others either they are our stockholders or are our employees. In addition, have to respect the others and behave equally with the all employees and worker of the organization. They have to work hard for to achieve the mission of the organization. Work day and night for to maintain the reputation or the goodwill of the firm. In addition, have to accept personal accountability for the ethical quality of the decision or omission. These are the different ethical principles, which help for any organization for to achieve goal and maximize the profit. Justify your decision regarding the dilemma: In the current situation for Hondo it is necessary to buy scrubbers because, they have not enough resources for to reconstruct in outside of the city. They also have to cooperate with their workers. Without employees, they cannot do anything. They have to fulfill the rights of the workers and behave them with mannered way. For this, they have to create good environment inside of the firm. They have to use their current resources for to keep environment clean and when they have the capacity to reconstruct this unit again then they have to construct it. Reference: BIBLIOGRAPHY \l 1033 Doh, J. A. (2005). The High Impact of Collaborative Social Initiatives. Retrieved march 18, 2015, from https://www.dropbox.com/sh/dfe62aaj36yzfra/AABSM8ETa0R5iXfHW5fQklRWa/The%20High%20Impact%20of%20Collaborative%20So Fraedrich, D. J. (1992). Something’s Rotten in Hondo. Retrieved march 18, 2015, from https://www.dropbox.com/sh/dfe62aaj36yzfra/AACLrjVRnmlS6kTD_YH0a7qea/Hondo.pdf?dl=0 Friedman, M. (1970, september 13). The Social Responsibility of Business is to Increase its Profits. Retrieved march 18, 2015, from https://www.dropbox.com/sh/dfe62aaj36yzfra/AAAzyN6qAPoEXgwFYJF-gbIqa/4.1%20Friedman_%20The%20Social%20Responsibility%2

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