Products related to Maximization:
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The Moral Case for Profit Maximization
The Moral Case for Profit Maximization argues that profit maximization is moral when businessmen seek to maximize profit by creating goods or services that are of objective value.Traditionally, profit maximization has been defended on economic grounds.Profit, economists argue, incentivizes businessmen to produce goods and services.In this view, businessmen do not need to be virtuous as long as they deliver the goods.It challenges the traditional defense of profit maximization, arguing that profit maximization is morally ambitious because it requires businessmen to form normative abstractions and to cultivate a virtuous character.In so doing, the author also challenges the moral basis of corporate social responsibility.Proponents of CSR argue that businessmen can do good while doing well.This book argues that businessmen already do good by maximizing profit, drawing upon the histories of the wheel, the refrigerator, and the shipping container, as well as the biographies of J.P. Morgan, John D. Rockefeller, and Thomas Edison to demonstrate the role of values in the creation of material goods and the role of the virtues in value creation.The author challenges readers to rethink the relationship between profit, value, and virtue.
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The Profit Motive : Defending Shareholder Value Maximization
What responsibility, if any, does a corporation have to society?How should corporations balance environmental, social, and governance factors?The Profit Motive addresses these questions of corporate purpose using historical, legal, and economic perspectives.Stephen M. Bainbridge enters the debate around corporate social responsibility to mount an unabashed defense of shareholder capitalism and maximizing shareholder value.The book offers context for the current questions about corporate purpose, and provides a reference going forward.Direct and corrective, The Profit Motive argues that shareholder value maximization is not only required by law, but what the law ought to require.
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Innovation, Social Responsibility and Sustainability
While global challenges such as a future pandemics and global warming seem insurmountable, innovation and cumulative small changes can help towards managing such disruptive events.Innovation can encompass a new way of doing things, new products and services, and new solutions; in organizations where innovation can flourish, progress and resilience can be achieved. This edited collection draws together a number of chapters, organized into two parts – developing social responsibility and developing sustainability – both of which are interlinked and interdependent.Topics presented range from: mandatory CSR in the banking industry to the professional integration of displaced persons to knowledge for and about sustainability, and many more.The diversity of the chapters gift readers an interdisciplinary examination of innovation, social responsibility and sustainability. Developments in Corporate Governance and Responsibility offers the latest research on topical issues by international experts and has practical relevance to business managers.
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Agricultural Innovation for Societal Change : Towards Sustainability
Over the centuries, agriculture has developed through technological steps illustrated by various agricultural revolutions.This book describes and analyses significant agricultural changes since the mid-1960s in the context of development, innovation and adoption by revisiting resource-poor farmers in Ethiopia, Sweden and Trinidad and Tobago, and considering overall development changes up to the early 2020s.It is a platform for discussing current issues for future global food security in the context of globalization and free global trade which have influenced economic growth in many countries but also created environmental concerns and a rapid increase in the number of transnational corporations (TNCs).Sustainable food production is now a global priority and therefore ecological footprints must be reduced - this book provides examples of possible technical changes required to achieve this.Reducing greenhouse gas emissions alone is insufficient: political attention must be paid to declining biodiversity, the increasing global exploration of natural resources, demography, increased consumption, waste mountains, expanding migration and antibiotic resistance.Agribusiness TNCs will challenge national governments and international donors in both research and development, increasing competition for leadership.A gradual societal change, incorporating an understanding of biological fundamentals, is necessary for achieving sustainability and for leading us towards the next agricultural revolution.
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What is profit maximization and utility maximization?
Profit maximization is the process by which a company seeks to achieve the highest possible level of profit. This can be done by increasing revenue, reducing costs, or a combination of both. On the other hand, utility maximization refers to the process by which individuals seek to maximize their satisfaction or well-being from consuming goods and services. This can be achieved by allocating their income in a way that maximizes their overall satisfaction, or utility, from the goods and services they consume. Both profit maximization and utility maximization are important concepts in economics and business, as they help to understand the behavior of firms and individuals in making decisions.
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How to achieve profit maximization?
Profit maximization can be achieved by increasing revenue and reducing costs. This can be done by increasing sales through effective marketing strategies, improving product quality, and expanding into new markets. Additionally, reducing costs by streamlining operations, negotiating better deals with suppliers, and optimizing production processes can also help in achieving profit maximization. It is important to continuously monitor financial performance and make adjustments as needed to ensure profitability.
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What does utility maximization mean?
Utility maximization refers to the economic concept of individuals or firms making decisions to maximize their overall satisfaction or well-being. In the context of consumers, utility maximization involves making choices that maximize the satisfaction or happiness derived from consuming goods and services, given their budget constraints. For firms, utility maximization involves making decisions that maximize their profits or overall well-being, given their production constraints and market conditions. Overall, utility maximization involves making rational decisions to achieve the highest level of satisfaction or well-being given the available resources and constraints.
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How can volume maximization be achieved?
Volume maximization can be achieved by increasing the production and sales of a product or service. This can be done by expanding market reach, increasing advertising and marketing efforts, improving product quality and features, and offering competitive pricing. Additionally, streamlining production processes and increasing operational efficiency can help to maximize volume. Finally, understanding and meeting customer needs and preferences can also contribute to volume maximization.
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Applied Reliability, Usability, and Quality for Engineers
Global competition is forcing reliability and other professionals to work closely during the product design and manufacturing phase. Because of this collaboration, reliability, usability, and quality principles are being applied across many diverse sectors of the economy.This book offers the principles, methods, and procedures for these areas in one resource. This book brings together the areas of reliability, usability, and quality for those working in diverse areas to allow them to be exposed to activities that can help them perform their tasks more effectively.This is the only book that covers these areas together in this manner and written in such a way that no previous knowledge is required to understand it.The sources of the material presented are included in the reference section at the end of each chapter along with examples and solutions to test reader comprehension. Applied Reliability, Usability, and Quality for Engineers is useful to design, manufacturing, and systems engineers, as well as manufacturing managers, reliability, usability and, quality specialists.It can also be helpful to graduate, senior undergraduate students, and instructors.
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Sport, Performance and Sustainability
This book examines the logic of ‘faster, higher, and stronger’ and the technoscientific revolution that has driven tremendous growth in the sports economy and in sport performance over the last 100 years.It asks whether this logic needs revisiting in the light of the climate crisis and sport’s environmental responsibilities. Drawing on multi-disciplinary work in sport history, sport pedagogy, sport philosophy, sport science, and environmental history, the book considers not only how sportification may have contributed to the growing environmental impact of sport but also whether it might be used as a tool of positive social change.It reflects on the ways that sport sets performance limits for other ethical reasons, such as doping controls, and asks whether sport could or should set limits for environmental reasons too.Sport, Performance and Sustainability touches on key themes in sport studies, including digitisation, activism, social media, empowerment, youth sport, and physical education. This is fascinating reading for anybody with an interest in sport, the environment, development, sociology, or culture. The Open Access version of this book, available at www.taylorfrancis.com, has been made available under a Creative Commons Attribution 4.0 license.
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The Objective is Quality : An Introduction to Performance and Sustainability Management Systems
Quality is a form of management that is composed of the double approach of driving an organization towards excellence, while conforming to established standards and laws.The objective of quality confers advantages to companies: it makes them more resilient to change that can be unexpected or even chaotic; it makes them more competitive by identifying those steps in processes that do not offer added value. No longer the concern of a small community of experts, even scientists and engineers working in the private sector will find that they will have to con- front questions related to quality management in their day-to-day professional lives.This volume offers such people an unique entry into the universe of quality management, providing not only a cartography of quality standards and their modes of application – with particular attention to the ISO standards – but also a broader cultural context, with chapters on the history, prizes, deontology and moral implications of systems of quality management.This book thus opens the door to all those eager to take the first steps to learning how the principles of quality are organized today, and how they can be applied to his or her own activity.
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Fashion and Environmental Sustainability : Entrepreneurship, Innovation and Technology
The wide range of topics that the book covers are organised into sections reflecting a cradle to grave view of how entrepreneurial, innovative, and tech-savvy approaches can advance environmental sustainability in the fashion sector.These sections include: sustainable materials; innovation in design, range planning and product development; sustainable innovations in fashion supply chains; sustainable innovations in fashion retail and marketing; sustainable alternatives for end-of-life and circular economy initiatives; and more sustainable alternative fashion business models.
Price: 90.50 £ | Shipping*: 0.00 £
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What are maximization problems in mathematics?
Maximization problems in mathematics involve finding the maximum value of a function or quantity within a given set of constraints. These problems often require optimizing a certain objective function, such as maximizing profit or minimizing cost, subject to certain limitations or conditions. To solve maximization problems, mathematical techniques such as calculus, linear programming, or optimization algorithms are typically used to find the optimal solution that yields the highest possible value. Overall, maximization problems play a crucial role in various fields, including economics, engineering, and operations research, where finding the best possible outcome is essential.
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Is hate a result of profit maximization?
Hate is not necessarily a result of profit maximization. While it is true that some individuals or groups may use hate to further their own financial interests, such as by promoting divisive rhetoric to attract a certain audience or by exploiting discriminatory practices for economic gain, hate can also arise from a variety of other factors such as fear, ignorance, and prejudice. Additionally, hate can have significant social and economic costs, such as decreased productivity, increased conflict, and reduced trust within communities, which can ultimately undermine profit maximization. Therefore, while there may be instances where hate is used for profit, it is not the sole or primary cause of hate.
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Is profit maximization the ultimate goal of companies?
While profit maximization is an important goal for companies, it is not always the ultimate goal. Companies also strive to create value for their customers, employees, and society as a whole. Building a strong brand, fostering innovation, and maintaining a positive corporate culture are often seen as equally important objectives. Ultimately, companies need to balance profit maximization with other goals to ensure long-term success and sustainability.
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Is profit maximization the only sensible guideline for economic action?
No, profit maximization is not the only sensible guideline for economic action. While profit is an important factor in business decision-making, other considerations such as social responsibility, sustainability, and ethical practices also play a crucial role. Focusing solely on profit maximization can lead to negative consequences such as exploitation of resources, disregard for employee well-being, and harm to the environment. A more balanced approach that takes into account the long-term impact on all stakeholders is often more sustainable and ethical in the long run.
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