The Corporation

DeCelles and Pfarrer (2004) development of a multidimensional model that examines the role that stakeholder pressures, environmental factors, charismatic leaders, and their followers play in corporate corruption. To illustrate the effect of conflicting stakeholder interests on an organization, DeCelles and Pfarrer (2004) put forth the following example. In order to address the increasing demands of stakeholders to improve ethical standards, an organization might be compelled to implement ethical…

Advantages:- 1. As the corporation are well known’s, so they attracts the investment for their well established names. 2. Owner can become employee of the company and can enjoy the benefits such as reduction in health fees or etc. 3. It can have various classes of shares unlike in S corporation. Disadvantages:- 1. Fees of registration, agent fees and other legal fees which are huge in amounts have to be paid. 2. Different formalities and laws have to be followed unlike in other forms of…

Toys “R” Us has become an innovative icon in the manufacturing industry but it wasn’t always this way. Toys “R” Us had an explosive beginning. The creativity and ability to stay ahead of the competition was something that enabled them to be on top of their game. However, other competitors started having success with toy sales and began taking revenue from Toys “R” Us. Corporate administration had the old analogy that the new toys were just fads and there was no need to spend money on…

What is CSR? Corporation social responsibilities (CSR) has been defined as a company’s ‘’status and activities with respect to its perceived societal obligation” (Brown and Dacin 1997, p 68). In the recent years, CSR has growing to be one of the main reasons why the societies views and actions have changed towards international companies. Approximately, more than 80% of the fortune-500 organizations address corporate social responsibilities issues on their sites (Esrock and Leichty 1998). In…

choices to minimize the tax fees. Shareholders in LLC have limited liability. (Section 97 of Companies Act 1993). Limited liability protects the personal assets of a shareholder from claims made against the corporation and protecting shareholders from liability for the acts of the corporation (Broemmel, n.d.). The LLC business has separate legal entity (Section 15 of Companies Act 1993) Salomon v Salomon (1897). This mean obligations and property are its own and not those of its participants.…

Milton Friedman believed that the social responsibility of a business is to maximize profits (Hartman, Des Jarding, & MacDonald, 2014). In my personal opinion, Friedman’s perspective did not necessarily indicate that businesses should disregard the welfare of society, but rather place an emphasis on the utilization of resources. For instance, reinvesting the profits instead of donating them to charity. Much like Friedman, T.J. Rodgers believed that an organization should reinvest its profits in…

The US Supreme Court’s Decision in Spokeo, Inc. v. Robins: How Will It Change Class Action Litigation? RGR – 6/2 research: http://reaction.mayerbrown.com/rs/vm.ashx?ct=24F76F19D3E347A9CCDD89AED0259410DFF555B2DF8E0BD15EE5636069FFCB1CDB7A3A9C4 http://www.scotusblog.com/case-files/cases/spokeo-inc-v-robins/ http://www.law360.com/articles/762088/spokeo-without-scalia-the-fate-of-no-injury-class-actions Meta Description: The recent Supreme Court decision in Spokeo vs. Robins will have a lasting…

the next. It is beneficial for some entrepreneurs and business leaders to think heavily about what style of structure is best suited for their vision. Those styles of structure would be a sole proprietorship, partnership, limited liability, and corporation. Beginning with sole proprietorships, Roger Miller identifies it as “the simplest form of business”. The reason behind that definition is because the owner is in control of everything related to the business.…

was the most successful in its field , but unlike other corporations, it had a foul secret. All the grand success that HealthSouth was known for was a lie, a mask to hide what was going on behind the scene, hidden from the public eye. A secret so well hidden, that it went unnoticed for years. A secret so large it broke not only the law but several accounting principles. It was the rise and fall of the largest and most victorious corporation in the Health Care Corporate Field; the HealthSouth…

the times the goal is to only increase profits(Friedman, 33). However, being the social animals there are social responsibilities of humans, which they must carry out independently, not involving the business (Friedman, 33). As per Friedman, “A corporation is an artificial person and may have artificial responsibilities but Business as a whole cannot be said to have responsibilities even in vague sense” (Friedman, 33). Moreover, if head of a company is using profits for social responsibilities…