HCM477-0802A-01 Finance in Health Care - Phase 2 Discussion Board 2 Essay

HCM477-0802A-01 Finance in Health Care - Phase 2 Discussion Board 2 - Essay Example Departmental budgets are pieces of budgets that individuals and/or groups (departments) of an organization are responsible for (Oliver 2000). Total facilities budget, on the other hand, is the total, final budget prepared by an organization chairperson. Clearly, the relationship between them is that departmental budgets are parts of the total facilities budget. That is, the total facilities budget is made up of the departmental budgets; hence, it is dependent on them. The business transactions that take place in an organizational budget are all expected income and expected expenses for the year. The first one is reported as budget income transactions and the second as budget expense transactions. Furthermore, the start of year Class balances are identified and accounted for as an accessible source of income. Therefore, the budget formula is: The three stages involved in preparing a total budget are: (1) Budget Preparation (2) Budget Execution and (3) Budget Evaluation. The first one requires program and budget planning and funds procurement. The decisions, therefore, that need to be made at this stage involves how to estimate costs, where to get funds from, communicating with members of the organization so as to make planning effective, etc. The second stage engages in fiscal management so decision problems that could affect the relationship between departmental budgets and total facility budgets could be how to locate internal funds, whether projection of variances by the departments were right, whether management of cash flow was effective. Lastly, the third stage requires budget cycling and performance assessments and audits. The decision problems here could be about reporting to external constituencies, maybe program re-planning or continuing with the budget. (http://www.socwel.ku.edu/marke//Total%20Budgeting.ppt). Each department is responsible for managing within the constraints of the fiscal year. Each departmental budget

Buyer behaviour and market research Essay Example | Topics and Well Written Essays - 1250 words

Buyer behaviour and market research - Essay Example These activities comprise of; necessity recognition, information research, weighing options, creations of willingness to purchase, the actual act of buying, consumption and discarding. This approach of buyer behaviour has gone through series of development over several decades as emerging research methods and paradigms are amalgamated. A good number of varied methodologies have been amalgamated in researches pertaining to decision making processes based on clashing psychological traditions. The stages that a buyer undergoes while making a purchase decision can be illustrated diagrammatically as follows. The process starts with a vast number of consumers but these consumers may at any stage of the model. A consumer is likely to go through all the stages of the decision process only during the first time of purchasing the commodity. It also occurs during purchase of costly and high quality products. Customer behaviour and buying process can be modelled as shown below. This decision is known as complex decision (Sumathi et al., p. 12). For a vast number of products, the buying behaviour is a frequent affair where the aroused urge is catered for as a habit as a repeat purchasing of the product takes place. In essence, the past reinforcement in their experience contributes directly to purchasing. As a result, the last two stages are skipped. This is known as simple decision. It is important to note that the buyer a times may consider re-entering into the entire decision making process where there are changes in terms of cost, item, availability and services. This is done with a view of picking alternative choices. The following diagram shows a stimulus response model in purchasing behaviours In order to determine the potentiality, size and demand, there is need to conduct a thorough market analysis that will take into consideration the attractiveness and

Malaysias Unemployment Rates

Malaysias Unemployment Rates Jump to: Causes of Unemployment | Types of Unemployment | Unemployment in Malaysia | Impact of Unemployment | Unemployment and Inflation | Conclusion The main objective of this paper is to investigate the unemployment and growth rates of Malaysia. Unemployment is an important issue for developing economies in a country. Inefficiently of using labor resources will cause to high unemployment rate. The result shows that the economics in Malaysia is better with high employment. In economics, unemployment statistics measure the condition and extent of joblessness within an economy.  Full employment should be a major macroeconomics goal because it maximizes output. For many years, the manufacturing has been the strongest sector in the country until it is now being progressively replaced by the service sector. In this research, we will measure how unemployment affects economics growths in Malaysia and also the reason of high unemployment rate of fresh graduate. Thus further research and relevant factors is required.   Introduction This paper asks the question of how the rate of economic growth affects unemployment. The main considerations that lead us to think that this is an interesting question have to do with the re-allocative aspect of growth. Faster economic growth must come from a faster increase in knowledge. Besides, unemployed graduates have become a serious case in Malaysia that need more concern by the government. In year 2006 involving 132,900 graduates from institutions of higher learning all over Malaysia indicated that 30.7% of graduates remained unemployed six months after graduation, while 5.7% were still awaiting job placement (Tan, 2007). There are more female graduates in this country were unemployed because they lacked the relevant skills required in the labor market despite having excellent academic results. The number was much higher in comparison to male graduates (Nor Hartinin, 2007). In the sixties and seventies Okuns Law was regarded as one of the most reliable macroeconomic relations. Okuns Law can clearly present the relationship between GDP growth and unemployment. Most economists were playing down the relationship between growth and unemployment. Unemployment was explained by structural factors, mainly by inflexible labor markets: too high wages, too high unemployment benefits and labors attitude. Unemployment Unemployment or joblessness occurs when those individuals actively seeking jobs remain unhired within the past four weeks. Unemployment is expressed as a percentage of the total available work force. The level of unemployment varies with economic conditions and other circumstances. The unemployment rate is a measure of the prevalence of unemployment and it is calculated as a percentage by dividing the number of unemployed individuals currently in the labor force. During periods if recession, an economy usually experiences a relatively high unemployment rate. In a 2011 news story, Business Week reported, More than 200 million people globally are out of work, a record high, as almost two-thirds of advanced economies and half of developing countries are experiencing a slowdown in employment growth. Causes of unemployment The level of unemployment differs with economic conditions and other market forces. Unemployment occurs when an individual is out of his current job and looking for another job. It also means that they are unemployment during the time period of shifting between two jobs. Normally the job seeker needs few months to hunt for their favourite job. When there is a mismatch of skilled workers in the labor market, the structural change within an economy will influence the unemployment. Some of the causes of unemployment are geographical immobility, occupational immobility and technological change. Nowadays, most of the companies are using information technology to carry out the job. The employees who have no upgrade himself will disqualify from the company. Moreover they need to go for training to increase their knowledge on the working field. Unemployment will occur when trade unions and labor organization bargain for higher wages, which leads to fall in the demand for labor. Currently the fresh graduates are hunting for the job which has high salary, nice environment and easy task. They do not have determination and bear hardships to face the challenges. Unemployment occurs when there is a downturn in an economy, the aggregate demand for goods and services decrease and demand for labor decreases. At the time of recession, unskilled and surplus labors become unemployed. When there is insufficient demand in the economy to maintain full employment, the problem of unemployment will occurs. If demand falls, firms sell less and so reduce production. If there are producing less, this leads to lower demand for workers. Either worker is fired or a firm cuts back on employing new workers. In the worst-case scenarios the fall in demand may be so great a firm goes bankrupt and everyone is made redundant. Reasons for  unemployment in Malaysia Lack of experience Nowadays most of the companies prefer to employ people with experiences rather than those without working experiences. Based on our research, there are several reasons leading to the high unemployment rate. People lacking of experience are mostly fresh graduates from university or college. The syllabus in university should provide more exposure on real-life industrial training, such as industrial attachment and internship program. Different circumferences have to be managed in different solutions, and the problem-solving skills can be accumulated from the real-life experiences. For example, a programmer has to be familiar with a series of computer languages such as C++, PHP, Java and etc. If the applicant did not meet the basic requirements of the company, the company cannot offer the job to this applicant. In University, the knowledge is mostly gained from textbooks, but sometimes the knowledge learnt is hard to be applied on working environments. University may extend the required internship period from 3 months to 6 months or even longer. If the training duration is not long or sufficient enough, students may not be able to apply what they have learnt in school on their works. University students are suggested to apply for companies related to their courses. This may help them improve the learning and practical skills. It is not recommended to join those companies which simply arrange the trainees sitting in front of the computers and do nothing but day dreaming. Firstly, the reason why employers prefer experienced employees is because experienced employees can complete the jobs easily without spending much time on learning their works. Having employees without experiences, companies need to provide additional training and courses for those employees. This will definitely contribute to the cost of the company. Besides, the employee may be not familiar with the industry, thus, it is possible that they cannot complete the job well on time. It is not ensured that they are able to complete their jobs precisely and correctly with their assigned supervisors. They may spend some time on adapting to the new environment and less focus on the jobs. Thirdly, the skills learnt from school are insufficient in real lives. In real life, company job is based on project and it requires the employee to communicate with colleagues. Universities also have to provide more project-based modules for students. This can create more chances for students to discuss with their group members. In addition, it helps improve the soft skill of students. Last but not least, the fact that new graduates demand for high salaries also causes the high unemployment rate. Some of the graduate job-seekers are with high expectation for their first jobs. Even they are aware they lack of working experience, they still try to apply for higher salaries compared with those with one or two years experiences. Furthermore, students who graduated with excellent academic results are no longer secured with good jobs or competitive edges in career advancement. Lack of social and communication skills Most of the graduates with rural background lack of communication skills compared with those from city. The reason may be because most of the residents staying in villages communicate with their elder adults and friends using their own dialects or mother tongues. They seldom speak in English. However, the working environment in Malaysia mostly requires people to communicate efficiently in English and Malay. Therefore, Kampung students may not be competitive in terms of communication skills even though they graduate with excellent academic results. Besides, a number of town students who further study in university seldom use English to communicate with their teachers or friends. For example, the author mostly speak mother language, Mandarin, with her friends. This situation also makes the communication skill in English poor among town students. According to a survey conducted by Ministry of Human Resources, it shows that in Malaysia compared with male graduates, female graduates become unemployed because the female are weaker in communication and social skills. Furthermore, the female have a poor command of language and low levels of self-confidence. The unemployment rate of female graduates is much higher than that of male graduates. The result also indicates that a lot of female graduates are able to achieve excellent academic results but they could not secure their employment without the relevant skills required in the labor market. According to  JobStreet.com which conducted an English Language Assessment (ELA) test whereby it had ranked Singaporeans is first, Filipino is second and Malaysians is third. This has proven that Malaysian English level standard is not up to satisfaction. The survey reveals that 65% of employers have turned down job seekers due to poor communication of English, which is the official business language for 91% in Malaysias companies. Another report shows that, graduates throughout the country were unemployed due to poor communication skill in English. Though the fresh graduates possess excellent qualification and technical backgrounds, but they are unable to speak English efficiently when facing an interview. They definitely should improve their English language standards. For the basic process of an interview, the first point that the interviewer would assess the interviewee is his/her English communication capability. The way in which the interviewee speaks and interacts with the interviewer is a benchmark when the company measures suitable candidates for the job. If the interviewee even could not talk properly, it is impossible for the supervisor to assign a task to this interviewee. Most of the fresh graduates are not good team players. They are somehow arrogant and believe that they are talented and able to complete the tasks. If the fresh graduates did take part in co-curriculum and be the main committee, this will help prove that they are well trained and capable of managing the task. Co-curriculum also can build characters of people. It provides a platform for students to show their personalities. In addition, the social skill, which is also essential for each graduate, is practiced with various co-curriculums as well. Education in Malaysia Choosing the wrong course and the poor result. Bahasa Malaysia is the national and official language in Malaysia. Bahasa Malaysia is used as the teaching language for primary school and secondary school. In recent years, Ministry of Education Malaysia has begun focusing on English teaching. However, so far Malaysian education still mainly uses Bahasa Malaysia as teaching media, while in working environment people mostly communicate in English. The fresh graduates who are unable to communicate in English fluently will be very tough when finding a job. Generally, the citizens in government organizations use Bahasa Malaysia as communication language. The citizens have got used to communicating in Bahasa Malaysia. However, there are a lot of Multinational Corporations which set their head offices or Asia pacific offices in Malaysia. They require their Malaysian employees capable of communicating in English efficiently. Could Malaysia provide sufficient manpower armed with English communication skills? This is a big challenge for Malaysia educations system. Besides, high-level education of Malaysia is not competitive compared to overseas education. In Malaysia, the top university is University of Malaysia (UM), but its ranking is the 167th so far, among the worldwide university according to investigation of USNews.com. Compared with our neighbour country Singapore, the National University of Singapore (NUS) ranks at the 28th and Nanyang Techonological University (NTU) is the 58th. This is a great distance between the education systems of the two countries. Therefore, Malaysia government has to put a lot of effort into the education sector to upgrade the ranking and provide talents to international labour markets. The syllabus in local university is not sufficient or up to the satisfaction of working environment. Most of the students gain their knowledge purely from textbooks. They lack of practical skills. Facilities in university have not reached the global standard and still maintained in Kampung standard. Professors and researchers are not graduates from world-class Universities. Equipments in the laboratories are 10-20 years backward. These are all the reasons why more and more students are willing to study in overseas universities although the cost of education is expensive. Moreover, the qualification lines of entering the universities are very low, as the corresponding university standard is low as well. University should set the higher entry qualification to increase the standard of coming students. Besides, the university should increase their level as well by employing professional stuffs to strengthen education levels. A lot of private colleges which are unqualified set by the Ministry of Education intend to promote as a university. The official explanation is this can improve the quantity of undergraduates. However, it seems the government did not include the quality of undergraduates into their consideration. It is suggested that Ministry of education should review the education system in Malaysia by referring to foreign education systems to improve Malaysia education system. With a huge number of students graduating with CGPAs below 3.0, it is unsurprising that these people become unemployable in the Malaysian private sectors. It is recommended that students should take courses based on their capabilities and interests but not based on what is apparently in-demand in the society (e.g., IT courses). If students are not interested in the courses, less effort would be put in the study; hence, the result would not be scored in flying colour. Normally the company hire employees based on their paper results and abilities instead of their capabilities in other fields. Student with lower scores would probably get lower opportunities of interviews. Types of unemployment After the research, we found that there are four type of unemployment. And below is the summary of structural unemployment, frictional unemployment, and cyclical unemployment. Structural unemployment When there are less suitable job provide for the people will cause to structural unemployment because there is a mismatch between the skills needed for the jobs and the skills of the unemployed workers. For example, A employee fired by his car maker company because machine had replace human in making car and the employee does not know how to operate the machine, so the employee only have the skills of make car and he have the difficulty in searching a new job. Structural unemployment may also be affected by cyclical unemployment. If a nations economy is suffers from a recession, that means many of the unemployed workers become discouraged, while their skills become rusty and outdated. This means that they (unemployed workers) may not suitable for the job vacancies that are reserved for them when the economy turns to normal. Some economists see this scenario The implication is that sustained high demand may lower structural unemployment under the speech from British Prime Minister Margaret Thatcher during the 1970s and 1980s. This theory has been referred to as an example of path dependence. A lot of technological unemployment occurs, because of the replacement of workers had change into machines to produce more effectively, we called as structural unemployment. Thus technological unemployment refer to the way in which production increases by machine but lesser workers to produce the actual same level of output or more output every year. The fact that aggregate demand increase suggests that this problem is instead one of cyclical unemployment. As like we said before Okuns Law, the demand side must grow rapidly to absorb the growing labor force but also the workers made redundant by increased labor productivity. Frictional unemployment Frictional unemployment is the time period between jobs and unemployed workers when a worker is seeking for a better job and or a new environment. Frictional unemployment is always present in an economy no matter which country are u, so the level of unemployment is calculated by the unemployment rate minus the rate of frictional unemployment. This means that any changes in unemployment rate are normally represented in the simple statistics. Frictional unemployment exists because both jobs and workers are multifarious, and a mismatch between the demand and supply. Such a mismatch can be related to skills, payment, work-time, location, attitude, and other factors. New entrants of employee such as graduated students and homemakers that want to return to the career can also include in frictional unemployment. Workers as well as employees accept a certain level of compromise or risk. Time and effort will be invested to find a better match but there is always a risk. This will increase the economy growth since it results in a better allocation of resources. However, if the mismatches are taking too long finding a job or too frequent, the economy will suffers a decreasing, since some work will not get done. Therefore, governments should search for multiple ways to reduce unnecessary frictional unemployment happen too deep through planning nicely which means including providing education, advice, training, and assistance such as having some camp providing the more information about how to seeking job. An increase or decrease in labor market frictions will shift the curve outwards or inwards. The frictions in the labor market sometimes will illustrate graphically with a Beverage curve, a downward-sloping, convex curve that shows a relationship between the unemployment rate and the vacancy rate. Changes in the demand or the supply for labor cause movements along the curve. Cyclical unemployment Cyclical unemployment, also known as deficient-demand unemployment, occurs whenever there is not enough aggregate demand in the economy to provide jobs for everyone who needs a job (People who seeking for job). Demand for most goods and services decreases will lead to less production and for sure fewer workers are needed when they are less product in the market, wages fall and fail to meet the equilibrium level. Its name is derived from the frequent shifts in the business cycle although unemployment can also be persistent (during the Great Depression of the 1930s). Besides, with cyclical unemployment occurs, the number of unemployed workers will increase and exceeds the number of job seekers, so that even with full employment and all open jobs were filled, they are still some workers will remain unemployed. These two friction cyclical unemployment and frictional unemployment happen because of the cyclical variables. For example, a surprising decline in the money supply may influence the entire rational economic factors and will cause to restrain aggregate demand. Summary Structural unemployment Where their skills becomes outdated.  (Example: Someone who do not use computer get fired because he do not know how to type in information into computer.) Frictional unemployment where people lose their jobs in order to look for better ones or still searching for job. Cyclical unemployment Unemployment occurs when there is a recession of economy in a nation. The thing about unemployment is that the economy has to do with gross domestic product (GDP). We can produce more stuff with full employment. So if there is high unemployment, we should produce more but if we dont, this will lead to a bad economy growth in a nation. Malaysia Unemployment Rate Normally unemployment rate in developed countries is higher than developing countries due to higher competition. For example, in the last three quarters of 2011, United Kingdoms unemployment rate has rose from 7.8% to 7.9% and followed by 8.3% respectively. At the same time, Malaysias unemployment rate has went up from 3% to 3.2% and followed by 3.3%, and was ranked at 170th place out of 198 countries based on their degree of severity (The Human Resource Ministry of Malaysia and CIA World Factbook, 2012). Observation reveals that youth unemployment rate is even greater than the overall unemployment rate for both of the countries suggesting that youngsters are facing more difficulties in finding jobs as compared to adults. In Malaysia, one of the badly affected sector is the nursing field whereby in 2010, more than 54% of the private nursing graduates were unemployed three to four months after graduating, compared to only 21.7% in 2008 (The Star, 2012). It is a worry situation as fresh graduates find themselves difficult to get employed despite having a solid academic qualification. Malaysia Unemployment Rate (From July 2010 until January 2012) The unemployment rate in Malaysia was last reported at 3 percent in April of 2012. Historically, from 1998 until 2012, Malaysia Unemployment Rate averaged 3.3600 Percent reaching an all time high of 4.5000 Percent in March of 1999 and a record low of 2.8000 Percent in March of 2012. The unemployment rate can be defined as the number of people actively looking for a job as a percentage of the labor force. This page includes a chart with historical data for Malaysia Unemployment Rate. Needs of the Labour Market Quality of education Firstly, the quality of education has become a significant cause in current situation and it getting worst. Seems like every year our country produces more and more excellent students. This is proved where our students get better and better result (straight A) in SPM or PMR. With the increasing number of straight A students in SPM and PMR, it seems like our student is improving a lot. Besides that, it is also easier to find degree holders anywhere. Surely, this is a good sign of the graduates quality. This statement may not bode well with some of the institutions out there but this should be taken as a challenge, not a mockery. (Abdul Razak Ahmad, New Straits times Sunday, March 20 2005) Most of the students will concern only on the major subject instead of minor subject. Besides, government also offer less minor subject to the students. Now the majority of student studying only for certificate, so they do select the easier subject compare to others. Most schools also began to commercialization to benefit, they will reduce the level of subject, resulting in a lot more apparent (look impressive but is worthless) of the University. Economy Secondly, fresh graduate unemployed because of the recession of economy in our nation too. The changing of the economic structure is a probably cause for the increasing number in unemployment. For many years, the manufacturing has been the strongest sector controlling the unemployment rate in the country until it is now being replaced by the services sector step by step. The services sector requires people who do not only know the right technical knowledge, but also those people who know the right soft skills wisdom, communication, interpersonal, maturity and business oriented. Economics growth Economic growth is the increase in the amount of the goods and services produced by an economy over time. It is conventionally measured as the percent rate of increase in real gross domestic product, or real GDP. An increase in the capacity of an economy to produce goods and services, compared from one  period of time to another. Economic growth can be measured in nominal terms, which include inflation, or in real terms, which are adjusted for inflation. As an area of study, economic growth is generally distinguished from development economics. The former is primarily the study of how countries can advance their economies. The latter is the study of the economic aspects of the development process in low-income countries. As economic growth is measured as the annual percent change of gross domestic product (GDP), it has all the advantages and drawbacks of that measure. Advantages of Economic Growth Sustained economic growth is a major objective of government policy not least because of the benefits that flow from a growing economy. Higher Living Standards: For example measured by an increase in real national income per head of population see the evidence shown in the chart below. Employment effects: Growth stimulates higher employment. The British economy has been growing since autumn 1992 and we have seen a large fall in unemployment and a rise in the number of people employed. Fiscal Dividend: Growth has a positive effect on government finances boosting tax revenues and providing the government with extra money to finance spending projects. The Investment Accelerator Effect: Rising demand and output encourages investment in new capital machinery this helps to sustain the growth in the economy by increasing long run aggregate supply. Growth and Business Confidence: Economic growth normally has a positive impact on company profits business confidence good news for the stock market and also for the growth of small and large businesses alike. Disadvantages of economic growth There are some economic costs of a fast-growing economy. The two main concerns are firstly that growth can lead to a pickup in inflation and secondly, that growth can have damaging effects on our environment, with potentially long-lasting consequences for future generations. Inflation risk: If the economy grows too quickly there is the danger of inflation as demand races ahead of aggregate supply. Producer then take advantage of this by raising prices for consumers. Environmental concerns: Growth cannot be separated from its environmental impact. Fast growth of production and consumption can create negative externalities (for example, increased noise and lower air quality arising from air pollution and road congestion, increased consumption of de-merit goods, the rapid growth of household and industrial waste and the pollution that comes from increased output in the energy sector) These externalities reduce social welfare and can lead to market failure. Growth that leads to environmental damage can have a negative effect on peoples quality of life and may also impede a countrys sustainable rate of growth.   Examples include the destruction of rain forests, the over-exploitation of fish stocks and loss of natural habitat created through the construction of new roads, hotels, retail malls and industrial estates. How does unemployment affect your economy? If more people are unemployed, less people pay taxes or less money for spending. Spending money boosts the economy through taxes which is why everything is taxed. The taxed money adds up when everyone shops. If one is unemployed, they live on what is saved or what unemployment departments give them. Therefore, they do not have more money to spent, they only buy necessities. Also by not having the money to buy wants, not only needs, it means some business will have to cut prices in order to try to sell. By cutting prices this leads to less, no, or sometimes negative profits. Enough of this happens and that business might go out of business which leads to MORE unemployment. All of this leads to deflation which could lead to a depression. Deflation does not encourage spending, in fact it does the opposite. Also your dept numerically stay the same but now you earn less so it will be even harder to pay them off. The consequences of unemployment to the Malaysian economy Unemployment can lead to stress emotionally and mentally. When stress occurs, the individual and the loved ones around them suffer. There would be unnecessary pressure and expectations and a case of low morale. Thus leading to misunderstandings.   When misunderstandings occur, one may resort to violence and in turn affect the relationship or lead to an increase in crimes. Unemployment affects the economy by having a reduction in AD (aggregate demand), and economic growth. There would also be a lack of demand as people unemployed are saving. Unemployment influence and effect economic growth Unemployment affects the economy in ways that most people do not visually see. If more people are unemployed, less people pay taxes or have money for spending. Spending money boosts the economy through taxes which is why everything is taxed. The taxed money adds up when everyone shops. If one is unemployed, they live on what is saved or what unemployment departments give them. Therefore, they do not have money to be frivolous, they only buy necessities.  Spending less doenst benefit the economic growth. With the increase in unemployment people will be more inclined to turn to a life of crime thereby decreasing the economic growth. Some of the well-known effects of unemployment on the economy are: Unemployment financial costs The government and the nation suffer. In many countries the government has to pay the unemployed some benefits. The greater the number of the unemployed or the longer they are without work the more money the government has to shell out. Therefore, the nation not only has to deal with the lost income and decreased production but also with additional cost. Spending power: The spending power of an unemployed person and his/her family decreases drastically and they would rather save than spend their money, which in turn affects the economy adversely. Reduced spending power of the employed Increased taxes and the insecurity about their own work may affect the spending power of the working people as well and they too may start to spend less than before thus affecting the economy and also the society in a negative manner.

Essay on the Symbolism of the Menagerie in The Glass Menagerie

The Symbolism of the Menagerie in The Glass Menagerie      Ã‚   Tennessee Williams' play, The Glass Menagerie, describes three separate characters, their dreams, and the harsh realities they face in a modern world.   The Glass Menagerie exposes the lost dreams of a southern family and their desperate struggle to escape reality. Williams' use of symbols adds depth to the play. The glass menagerie itself is a symbol Williams uses to represent the broken lives of Amanda, Laura and Tom Wingfield and their inability to live in the present. The glass menagerie symbolizes Amanda Wingfield's overwhelming need to cling to her past and her fulfilled fear of being alone.   Amanda resents the poverty-stricken neighborhood in which she lives so much that she needs to mentally escape from it by invented romance and self-deception. Williams describes her as having "endurance and a kind of heroism, but she is also silly, snobbish, sometimes cruel and sometimes pathetic in her well-intentioned blundering"(Williams 1865).   Abandoned by her husband, Amanda comforts herself with recollections of her earlier, more gracious, southern life in Blue Mountain when she was pursued by "gentleman callers".  Ã‚   Amanda is desperate to find her daughter, Laura, a husband, the kind of gentleman caller that she herself longed for, who would not have deserted her. "Well, in the South we had so many servants. Gone, gone, gone. All vestiges of gracious living! Gone completely! I wasn't prepared for what the future brought me." (Williams 1893 ). She foists her illusions on her unwilling children, lives in the past with pretensions to glory.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Laura's collection of glass animals represents her hypersensitive nature and fragility.   The glass menagerie is ... ...tle glass animals came to represent in my memory all the softest emotions that belong to the recollection of things past. They stood for all the tender things that relieve"(Williams 64). They retreat into their own separate worlds to escape the harshness of life.   Amanda, Laura, and Tom are incapable of living in the present. Mirroring the social and economic despair in the U.S., The Glass Menagerie is nostalgia for a past world and its evocation of loneliness and lost love, which celebrates, above all, the human need to dream.    Works Cited and Consulted: Crandall, George. The Critical Response to Tennessee Williams. Westport: Greenwood, 1996. Martin, Robert. Critical Essays on Tennessee Williams (Critical Essays on American Literature). New York: Simon and Schuster, 1997. Williams, Tennessee. "The Glass Menagerie". New York: Random House, 1985.

The global financial system

The global financial system is experiencing banking and financial turmoil commonly referred to as the credit crunch that is said to be due to the pricking of a massive debt bubble, (Peston, 2009). There is no standard definition of the credit crunch; however, a credit crunch is generally described as an economic condition in which investment capital is difficult to obtain (Invetopedia 2009). Credit crunches have been observed to follow recessions and do seriously stifle economic growth through decreased capital liquidity thereby reducing productive sector’s ability to borrow.When this situation arises, companies are not able to borrow in order to expand their operations and many may cease production altogether thereby resulting in bankruptcies. When such a situation arises, unemployment increases, homes are lost, banks close down and governments are forced to step in to contain the crisis, in most cases with limited success in the short run. This is not the first time that suc h a crisis has occurred. Records show that there was a crisis as early as 1622 and between 18th and 20th sixty two banking and financial crashes have been experienced (Henley 2007).Among the chief credit crunches that took place in the 20th century are the Wall Street in the year 1929 and the Japanese financial turmoil in 1990s. Genesis of the crisis The genesis of the debt crisis is partly due to imprudent lending. An observation made by Liu (2008 p9), an individual without a job or reliable income and poor credit history gets a mortgage from a bank. That borrower’s debt is partly sold to another bank that partly sells that debt to another bank that partly sells that debt to another bank perhaps a foreign bank. When the borrower fails to pay, all these banks get affected.In the event that many such borrowers are involved banks will have a liquid crisis and will not be able to lend to needy customers thereby setting in motion a credit crunch. Britain as example AS stated abov e, massive borrowing and reckless lending is viewed as the major cause of the credit crunch and the situation is made worse when the money is from foreign countries. For Britain, if one aggregates together the consumer, private and public-sector debt, ratio of Britain’s borrowings to her annual economic output is estimated at over 300%, roughly GBP 40000 bn Peston (2009 p1).Households borrowed too much GBP 1200bn on mortgages alone. Gross foreign current liabilities of Britain banks rose from GBP 1100 bn in 1997 to GBP 4400 bn 2008. That is three times the size of Britain’s annual economic output. Most of this cash were the savings from foreign country banks notably China, other Asian countries and the Middle East that were used to buy foreign currency assets in Britain, but the British used this to buy. The savings that were used to buy assets in Britain were made the poorly paid workers in those countries. The tilting of the economic balance could not be sustained fo r ever.A return to equilibrium to a more balanced global economy had to come to pass at some point and this is currently what is happening with the western economies USA, Britain and others getting the pinch (Peston 2009) Credit crunch in the United States Zhou Xiaochuan, the governor of Chinese Central Bank said, â€Å"Over-consumption and a high reliance on credit is the main cause of the US financial crisis† Peston (2009 p2). Up to 2007, borrowers were financed 100% of the purchase price to buy assets without any serious scrutiny being done on the ability to pay.The New Times of 19 February 20, 2009 reported that the credit crunch in US started way back in late 1990s. At the beginning of 2000, there was a decline in the stock market that made the US to slip into recession. This prompted the Federal Reserve Bank to lower interest rates to stimulate the economic growth. Lower interest rates made mortgage payments cheaper and increased demand for homes that lead to the sourin g of prices. At the same time banks lowered the refinancing rates which consequently lowered the quality of the mortgage but kept on increasing and finally led to the commencement of the defaults and delinquency in 2006.The financial institutions were not able to balance two things that were simultaneously happening that is the rise in the purchase of assets and the corresponding demand for credit prompting the introduction of securitization (Liu 2008 p4). This susceptibility could not be contained, even with the introduction of securitization, resulting inevitably into the bursting of the bubbles. The outcome was the falling of asset prices that precipitated losses to those who borrowed to buy houses and these include hedge funds, private equity finds, billionaire’s corporate raiders, banks and others.The debts started to increase and the need to sell these assets to offset debts drove the prices down resulting in further losses. With banks not being paid, their resources we re progressively depleted thereby halting 100% mortgage financing and other loans. This has the effect of driving prices further down that will lead to the contraction of the US economy as this vicious circle is bound to persist into the future. Business loans for the newly established companies that depend on credit are and will continue to be difficult to access (Tse, et al, 2008).In addition, closing major deals is not proving easy either. The economists predict that the tightening of the credit to drag on the US economy for quite sometime. Size of debt A number of governments are in the process of formulating various policies and measures to be undertaken so as to contain the negative economic and social impact of the credit crunch. To achieve this, and in order to set in a recovery mechanism, an estimate of the size of the debt has to be carried out and this is by no means straight forward.However, a rough calculation of the debt may be estimated by a jargon referred in financi al circles, notably by Bank of England, as the customer funding gap (Peston 2009 p3) that is the difference what the US banks have lent and what they have borrowed from households, businesses and institutions that are considered too small to be major players in global financial markets. Conclusion The credit crunch, also known as liquidity crisis or squeeze, is as a result of too much borrowing and lending to undeserving individual and institutions especially in the USA and Britain.This squeeze has constrained the banks ability to lend, scared away investors from buying debts thereby drying up money for borrowing. The liquidity crisis has reduced money available to spend by consumers and the business. The credit squeeze has triggered in serious ramifications for the USA economy, the developed economies and the entire globe in general. Works Cited: Henley, J September 2007. Show us the Money: The Guardian, September 19, 2007. Available at http://guardian. co. uk/money/2007/september/ 19/business accessed on 19 February 2009.Investopedia 2009: Investoprdia News and Articles available at http://www. investopedia. com/ask/answers/credit-crunch. asp accessed on19 February 2009. Liu, X (2008). CDO and the Credit Crunch: Article presented at Xiamen University. Available at http://ifas. xmu. edu. cn/Article/uploadfiles/200810/200810091551131838 pdf accessed on 19 February 2009. Peston, R (2009). The New Capitalism: BBC News. Available at http://www. bbc. co. uk/blogs/thereporters/robertpeston/16 12_09_news_capitalism. pdf , accessed on 20 February 2009.The New York Times of 19 February 2009. Available at http://topics. nytimes. com/topics/reference/timestopics/subjects/c/credit_crisis/index. html accessed on 19 February 2009. Creditcrunch. co. uk, The UK Forum p 1 Published by Credit Crunch. co. uk. Available at http://www. creditcrunch. co. uk/home/index. php accessed on 21 February 2009. Tse, T. M and Cho, D (2008), Credit Crunch in U. S. Upends Global Markets, The W ashington Post of 9 August 2008 available at http://www. washingtonpost. com/wp accessed on 20 February 2009.

For profit and non profit organization Essay

Both not for profit and for profit companies have many similarity and differences. A lot of companies start with the intent of making a profit. These companies also pay taxes and are called profit or for profit companies (Rodwell, & Teo, 2013). Other companies, while they can make a profit begin with the intent of helping others. These companies are not for profit or non-profit organizations. Nonprofit organizations are not allowed to make a profit, and do not pay taxes, but they might generate income. Any income generated by a nonprofit must be returned to the organization to accomplish the goals for which it was established (Anand, 2008). Regardless of its status, many companies like Goodwill Industries International and BP P.L.C. are faced with challenges that threaten the company ethically and morally. Part One: Goodwill Industries International (Not-for-Profit) Profile of Goodwill Industries: Goodwill Industries International is a nonprofit 501(c)(3) organization. Donations and gifts are fully tax-deductible to the degree acceptable by law. Goodwill Industries International is a worldwide social services initiative that creates opportunities for people to attain financial constancy and build durable families and lively communities by offering job training, employment assignment services and other community-based programs for people who have incapacities, those who do not have the education or job experience, and others who face difficulties finding employment (Goodwill Industries International, 2014). Goodwill supports the operations of about 165 individual Goodwill chapters in the US and Canada. Founded in 1902, Goodwill is one of the world’s leading benefactors of such services, as well as one of the largest employers in the world of the disabled (Hoovers, 2014). Areas of Interest: While it is most recognized for its 2,800 thrift stores, Goodwill concentrates on offering rehabilitation, job preparation, placement, and employment servi ces for people with disabilities and others. The company helps people to find and keep good jobs (Hoovers, 2014). Goodwill offers programs for young people, senior citizens, veterans, and people with disabilities, criminal backgrounds and other specialized needs (Goodwill Industries International, 2014). Mission statement: Goodwill works to improve the self-worth and value of life of individuals and families by reinforcing communities, removing obstacles to opportunity, and helping people in need achieve their full potential through learning and the power  of work. Goodwill strives to enhance the dignity and quality of life of individuals and families by helping people reach their full potential through education, skills training and the power of work (Goodwill Industries International, 2014). Summary of activities: (Based on 2013 Data) Last year, Goodwill assisted more than 9.8 million people prepare for careers in industries such as banking, IT and health care, and to get the backup services they needed to be successful (Hoovers, 2014). Last year the company served 9.8 million through employment and training programs, 44 million through mission services, 261, 875 received a job with Goodwill’s assistance and its estimated that those people earned $4.4 billion (Goodwill Industries International, 2014). Funding Sources: Support for Goodwill programs is produced mainly from the sale of contribution of goods, both at the retail stores and through an online auction site, and from contract work and government grants (Goodwill Industries International, 2014). The total profits produced by Goodwill organizations was $5.17 billion of which 83% was spent on programs. There are 87 million donors. Retail stores generated $3.79 billion, industrial and service contract work produced $647 million, $90 million came from government grants and $27 million from corporate and foundation grants. Individual gifts, donations and fees for services generated $46 million and government support foe mission services produced $455 millio n (Goodwill Industries International, 2014). History: Goodwill was founded in 1902 in Boston by Rev. Edgar J. Helms, a Methodist minister and early social visionary. Helms gathered old domestic goods and clothing in more affluent areas of the city, then taught and hired those who were underprivileged to fix and restore the goods (Goodwill Industries International, 2014). Goodwill Structure: Goodwill International’s CEO is Jim Gibbons. Cindy Cho Kim is the Director of International Development and currently there are two spokespeople Organization expert Lorie Marrero is the face of the Donate Movement. ABC reporter Evette Rios united with Goodwill’s cause in 2012 to help to plead to the Latin American market. Goodwill stores are self-governing organizations headed by a charitable board of directors (Goodwill Industries International, 2014). Goodwill has a connection of 165 independent, community-based Goodwill stores in the United States and Canada. Each local Goodwill must be accredited, request participation and meet specific standards created by Goodwill Industries  International (GII) (Goodwill Industries International, 2014). The GII Member Services center, is located in Rockville, MD. There are 2,900 total retail stores. Goodwill Industries of the Columbia, Inc. was initially recognized as a branch division of the Seattle Goodwill in 1961. Goodwill also has an online auction site at www.shopgoodwill.com (Goodwill Industries International, 2014). Values statement: The goods were then resold or were given to the people who fixed them. The system worked, and the Goodwill value of â€Å"a hand up, not a hand out† was established. (Goodwill Industries International, 2014). The value statement includes respect, integrity, stewardship, innovation and excellence (Goodwill Industries International, 2014). Problems: One problem that Goodwill Industries has is their view in the public eye. Many Goodwill stores are viewed as exploiters of disabled citizens. Some stores used a federal law under the Special Wage Certificate Program, to employ disabled workers at rates of 22, 38, and 41 cents per hour (Gibson, 2 013). The law allows nonprofits and companies to get a certificate that lets them to employ disabled workers â€Å"based on their abilities† at whatever salary they find suitable, with no minimum. This is compared to the $729,000 in salary and deferred compensation that the CEO, Jim Gibbson makes. The CEOs of Goodwill organizations across the U.S. mutually earned $30 million (Gibson, 2013). The problem exists because there are numerous disabled adults who still need to support themselves but cannot get hired by normal means. Management and upper administrators have the ability to ensure that all their employees work in a safe and equal working environment which proper accommodations for their disabilities. Goodwill’s response was that disabled workers would not be hired anywhere else and should be appreciative for any amount they make even if it is 22 cents. Goodwill is against eliminating the program because it would cause more harm than good (Gibson, 2013). Support for Goodwill programs is produced mainly from the sale of contribution of goods, both at the retail stores and through an online auction site, and from contract work and government grants (Goodwill Industries International, 2014). Another problem that Goodwill faces is criticisms for ripping off customers. The prices of items are for a donated used article. Goodwill has been accused of taking the better donated items and selling the products on eBay or keeping them for themselves, or calling family members to come in and purchase the items. They also sell the less desirable items in stores and price them at ridiculously expensive prices for used and donated items. According to Smith, selfishness is a fundamental driving force of human conduct (Fieser & Moseley, 2012). Companies such as Goodwill accumulate wealth through a system that presents good intentions but are driven by greed. The company has become very wealthy off of items that were completely free. Company Impact: One report indicates a decrease in donations (Begam, 2010). Donations for several local charities are at an all-time low this year. Goodwill says their donations are down 25% in their stores across the region (Begam, 2010). Many consumers are urged not to donate to Goodwill because of their treatment of disabled employees and pricing donated goods at high prices. Part Two: BP P.L.C (For-Profit) Although BP P.L.C. is a profit organization, it faces many challenges that also threaten the company ethically and morally. Profile of BP, P.L.C.: BP is one of the world’s leading international oil and gas companies. We provide customers with fuel for transportation, energy for heat and light, lubricants to keep engines moving, and the petrochemicals products used to make everyday items as diverse as paints, clothes and packaging (BP, 2014). Areas of Interest: BP’s area of interests includes finding and extracting oil and gas to producing fuels, lubricants and petrochemicals (BP, 2014). Mission Statement: Although not specifically labeled a â€Å"mission statement,† BP has a published statement of â€Å"What We Stand For†: â€Å"BP wants to be recognized as a great company – competitively successful and a force for progress. We have a fundamental belief that we can make a difference in the world. We help the world meet its growing need for heat, li ght and mobility. We strive to do that by producing energy that is affordable, secure and doesn’t damage the environment (BP, 2014). Summary of Activities: In 2013 BP completed 17 exploration wells and made seven potentially commercial discoveries in 2013. It was the most successful year for exploration drilling in almost a decade. They started three major projects in 2013 and another three in January and February 2014. They completed the commissioning of all major units for the Whiting refinery upgrade, transforming it into one of our advantaged downstream assets in our portfolio (BP, 2014). Funding  Sources: In 2013 BP had several areas of funding. Sales and other operating revenues totaled 379,136 million dollars. Earnings from joint ventures – after interest and tax totaled 447 million dollars. Earnings from associates – after interest and tax totaled 2,742 million dollars. Interest and other income totaled 777 million dollars. Gains on sale of businesses and fixed assets totaled 13,115 million dollars. Total revenues and other income totaled 396,217 million dollars and BP shareholders totaled 23,451 million dollars (BP, 2014). BP’s History: BP’s history begin with innovations, starting in 1908 with oil found in a rugged part of Persia after a long and difficult search. Since then, discoveries large and small have fuelled the company’s progress. Back in England, William D’Arcy gambled his considerable fortune on oil, and was on the verge of losing everything. It seemed that the geologists and experts who had wagged their heads encouragingly at him since 1901 had all been wrong about the oil beneath the sands of Persia. By the early morning of 26 May 1908, the whole camp reeked of sulphur. At four o’clock the drill reached 1,180 feet and a fountain of oil spewed out into the dawn sky. Within a year, the Anglo-Persian Oil Company, which would one day become BP, was in business (BP, 2014). BP’s Values: Our values of safety, respect, excellence, courage and one team align explicitly with BP’s code of conduct and translate into the responsible actions necessary for the work we do every day. Our values represent the qualities and actions we wish to see in BP, they guide the way we do business and the decisions we make (BP, 2014). Structure: BP’s businesses are organized to deliver the energy products and services people around the world need right now. It has 102,498 locations and its international headquarters in located in St James’s Square, London Its Upstream segment is responsible for activities in oil and natural gas exploration, field development and production. Its Downstream segment focuses on fuels, lubricants and petrochemicals. BP is one of the world’s leading international oil and gas companies. They provide customers with fuel for transportation, energy for heat and light, lubricants to keep engines moving, and the petrochemicals products used to make everyday items as diverse as paints, clothes and packaging (BP, 2014). Problems: One problem that BP faces results from the oil spill in the Gulf of Mexico in 2010. The company faces many lawsuits. BP is front and center because of  its high-profile role in the disaster, not to mention its deep pockets and its reputation as a global business power. Current estimates have BP setting aside about $32 billion to cover cleanup, legal claims, fines, and other costs related to the spill. So, clearly BP is planning on taking the brunt of the legal blame — and the biggest financial hit, for contributing to the worst oil spill in the nation’s history (Nolo, 2014). Another problem the company faces is the mandated cleanup fines that the government is requiring the company to pay. According to Smith, selfishness is a fundamental driving force of human conduct (Fieser & Moseley, 2012). Companies such as BP accumulate wealth by using resources from the Earth. The company is subject to lawsuits and cleanup fines because of the numerous livelihoods that were damaged and the damage cause to the environment as a result of the oil spill the government requires the company to supply. Recently, BP Oil and Gas filed a petition with US Supreme Court Justice Antonin Scalia seeking review of a lower court’s decision to have BP continue making payments to the affected parties related to the 2010 Gulf of Mexico oil spill and stop payments to claimants while litigation continues (Matthew, 2014). Impact to Company: Initially, BP had a negative public view and maintained its stock. However, by late June, BP was trading in the $27 range. Fewer analysts recommended buying BP and a few recommended that investors sell. Coincidentally, this was all about the same time as or shortly after BP agreed to put $20 billion into an escrow account to pay for spill-related damages and announced it would not pay stock dividends in 2010 (Lawyers.com, 2014). In addition as of 2013, BP spent $26 billion on response efforts. Part Three: Personal Ethical Evaluation Goodwill Industries International Goodwill’s primary response was driven by selfish motives (Fieser & Moseley, 2012) and morally irresponsible. The company’s response that the people should be grateful and not complain about their wages brings a negative view upon the company. According to Fieser and Moseley (2012), the moral subjectivist thinks that right and wrong is decided by what, the subject of the situation, thinks or feels is right or wrong. However the average person  working in the United States expects to receive minimum wage for working, because it is the norm or culturally relative (Fieser & Moseley, 2012). The culture of the United States would view Goodwill as taking advantage of already limited people. Ethical egoism implies that people act so as to maximize their self-interest (Fieser & Moseley, 2012). Goodwill felt that it was doing a greater good by hiring those who would not normally have gotten employment. Morally speaking, they were within the confines of the law to operate as su ch. Because Goodwill used the Special Wage Certificate Program, to employ disabled workers at rates cents per hour (Gibson, 2013) they were legally justified in their actions. The law allows nonprofits and companies to get a certificate that lets them to employ disabled workers â€Å"based on their abilities† at whatever salary they find suitable, with no minimum. On the other side of this coin is that Goodwill receives grant money from the government for operating as a nonprofit organization and actually helping people in the community. Even though the attempt was noble, they could have done more to improve the situation. Though they hired a demographic of people that would normally remain unemployable, they could have offered a salary that demonstrates a level of equality, fairness or self-worth. In many cases these people were working for less than eight dollars a day. They spent more money in expenses getting to work than they actually made at work. Some of the people complained about that very issue also, that they did not make enough money to cover rent. This is compared to the $729,000 in salary and deferred compensation that the CEO, Jim Gib bson makes. The CEOs of Goodwill organizations across the U.S. mutually earned $30 million (Gibson, 2013). The company received 90 million dollars government grants and $27 million from corporate and foundation grants in 2013. Goodwill offered a potential solution to a difficult situation. In doing so, the company created a problem for themselves. It could have been prevented had they offered an acceptable wage compensation to the disable employees. One way Goodwill can address the issue with the treatment of its employees is to consider the triple bottom line, which implies that successful companies must pursue three distinct values: people, the planet, and profit (Fieser & Moseley, 2012). There should be social benefit to workers and the community, environmental benefit with the implementation of sustainable ecological practices, and economic benefit only after all hidden  environmental costs have been factored in. In doing so, if Goodwill hires employees, then they should pay them minimum wage and accommodate their job assignments according to their ability regardless of their level of ability. They should also offer opportunity for raises and promotion. This ensures that everyone gets equal pay and fair treatment. One solution for the issue of greed is to put into place quality assurance representatives and to create a price list for different categories of items. This ensures that all items are priced the same across the country. The price list should have a price range, which includes the lowest and highest prices that items can be priced within their category. For example, a lamp can be priced from $3.00 to $5.00 depending on quality. This solution is possible but would require extreme communication across the nation. It would also require store representatives to ensure that these policies were followed and to ensure that all donations are inventoried properly. BP P.L.C BP’s primary response was utilitarian driven (Williams, 1973) and morally responsible (Fieser & Moseley, 2012). The company was motivated by the idea to make things right. The company’s response to set finances aside for the cleanup efforts and to assist those affected by the oil spill was their way of taking responsibility for the harm that their operations and property caused on the environment and lives in the Gulf area. The oil spill was a direct result of the company drilling in the Gulf. The thousands of gallons of oil that flooded the area affected animal life and eventually the livelihood of fishermen. BP plc was faced with managing the crisis and examining the causes of its organizational failure. At the core of the issue is a failed organizational culture. The problem could have been prevented had BP ensured that all safety measures for drilling were being used. As time passed, BP became more driven by ethical egoism. They began to act so as to maximize their self-interest. They no longer wanted to pay the families who were affected and wanted courts to reevaluate the situation to determine if they were still obligated to pay these families for the oil spill that killed and poisoned wildlife, animals and fish (Matthew, 2014). Even though the company’s initial response was admirable, they came back with an actions that demonstrated that they are truly a profit company and wanted to stop all obligation to pay those who were affected by the oil  spill. The company agreed to put $20 billion into an escrow account to pay for spill-related. They eventually paid $26 billion in issued related to the oil spill (Gibson, 2013). BP could have do more to help the situation analyzed the damage caused by the oil spill to determine lasting effects on fishermen’s livelihoods. The company can set aside more money to assist in future cleanup efforts, provide funding to local environmental services for testing and cleanup efforts. BP can also settle all reasonable lawsuits. This will help its public image and provide closure for families who lost their livelihood. The company can set aside money for environmental service agencies to test toxicity levels, population and regeneration of different animal species and any future cleanup efforts. These solutions are possible because eventually BP will have to pay more in legal fees, lawsuits or fines. These solutions offer them the chance to get ahead of the problem and be proactive Part Four: Critique of Company’s Actions Goodwill Industries International Goodwill’s actions and motivation seem to reflect self-interest and at times down right greed. The company’s response that the people should be grateful and not complain about their wages brings a negative view upon the company. According to Fieser and Moseley (2012), the moral subjectivist thinks that right and wrong is decided by what, the subject of the situation, thinks or feels is right or wrong. Even though Goodwill’s administration would have viewed the hiring of disabled people at such a low wage as acceptable, many would not. The average person working in the United States expects to receive minimum wage for working, because it is the norm or culturally relative (Fieser & Moseley, 2012). The culture of the United States would view Goodwill as taking advantage of already limited people. Ethical egoism implies that people act so as to maximize their self-interest (Fieser & Moseley, 2012). Goodwill felt that it was doing a greater good by hiring those who would not normally have gotten employment. Morally speaking, they were within the confines of the law to operate as such. Because Goodwill used the Special Wage Certificate Program, to employ disabled workers at rates cents per hour (Gibson, 2013) they were legally justified in their  actions. The law allows nonprofits and companies to get a certificate that lets them to employ disabled workers â€Å"based on their abilities† at whatever salary they find suitable, with no minimum. The company’s response should have been response was utilitarian driven (Williams, 1973). This approach would have allowed the company to view the disabled as people worthy of the respect of being treated and paid equally. Just because they â€Å"can† legally pay these employees less does not mean that it is the correct thing to do. Right and wrong could have been determined by a cost-benefit analysis. Because the company receives so many millions to help fund programs like employing disable people, they would not have lost anything financially to pay the people at least minimum wage. There could have been several benefits, such as a more positive public view, sustained donations from the public and a developing a program that actually helps the community. BP P.L.C. BP’s primary response was utilitarian driven (Williams, 1973) and morally responsible (Fieser & Moseley, 2012). The company was motivated by the idea to make things right. The company’s response to set finances aside for the cleanup efforts and to assist those affected by the oil spill was their way of taking responsibility for the harm that their operations and property caused on the environment and lives in the Gulf area. As time passed, BP became more driven by ethical egoism. They began to act so as to maximize their self-interest. They no longer wanted to pay the families who were affected and wanted courts to reevaluate the situation to determine if they were still obligated to pay these families for the oil spill that killed and poisoned wildlife, animals and fish (Matthew, 2014). (1) Moral Subjectivism In its common form, Moral Subjectivism amounts to the denial of moral principles of any significant kind, and the possibility of moral criticism and argumentation. In essence, ‘right’ and ‘wrong’ lose their meaning because so long as someone thinks or feels that some action is ‘right’, there are no grounds for criticism.à  If you are a moral subjectivist, you cannot object to anyone’s behaviour (assuming people are in fact acting in accordance with what they think or feel is right).à  This shows the key flaw  in moral subjectivism — probably nearly everyone thinks that it is legitimate to object, on moral grounds, to at least some peoples’ actions.à  That is, it is possible to disagree about moral issues. (2) Cultural Relativism Right and wrong is determined by the particular set of principles or rules the relevant culture just happens to hold at the time. Cultural Relativism is closely linked to Moral Subjectivism.à  It implies that we cannot criticize the actions of those in cultures other than our own.à  And again, it amounts to the denial of universal moral principles.à  Also, it implies that a culture cannot be mistaken about what is right and wrong (which seems not to be true), and so it denies the possibility of moral advancement (which also seems not to be true). (3) Ethical Egoism Right and wrong is determined by what is in your self-interest.à  Or, it is immoral to act contrary to your self-interest. Ethical Egoism is usually based upon Psychological Egoism — that we, by nature, act selfishly.à  Ethical egoism does not imply hedonism or that we ought to aim for at least some ‘higher’ goods (e.g., wisdom, political success), but rather that we will (ideally) act so as to maximize our self interest.à  This may require that we forgo some immediate pleasures for the sake of achieving some long term goals.à  Also, ethical egoism does not exclude helping others.à  However, egoists will help others only if this will further their own interests. An ethical egoist will claim that the altruist helps others only because they want to (perhaps because they derive pleasure out of helping others) or because they think there will be some personal advantage in doing so.à  That is, they deny the possibility of genuine altruism (because they think we are all by nature selfish).à  This leads us to the key implausibility of Ethical Egoism — that the person who helps others at the expense of their self-interest is actually acting immorally.à  Many think that the ethical egoist has misunderstood the concept of morality — i.e., morality is the system of practical reasoning through which we are guided to constrain our  self-interest, not further it.à  Also, thatà  genuine altruism is indeed possible, and relatively commonly exhibited. Utilitarianism Utilitarianism is a very simple view that matches common sense – right and wrong can be determined by a cost-benefit analysis. We must consider all the good and bad consequences when deciding if an action is right. Utilitarians disagree about what counts as â€Å"good† or â€Å"bad.† Some think that fulfilling desires is good and thwarting desires is bad, classic utilitarians think that happiness is good and suffering is bad, and pluralists believe that there are multiple â€Å"intrinsic goods† that are worth promoting. An action will then be said to be â€Å"right† as long as it satisfactorily causes good consequences compared to alternative actions, and it will be â€Å"wrong† if it doesn’t. Utilitarianism doesn’t discriminate or encourage egoism. It is wrong to harm others to benefit yourself because everyone counts. What counts as â€Å"satisfactory† will not be agreed upon by all philosophers. Originally some philosophers suggested that only the â€Å"best† action we could possibly perform is â€Å"right,† but this is an extreme, impractical, and oppressive view. Why? Whenever you are taking a shower or spending time with friends it would probably be better to be doing something else, such as helping the needy, but it is absurd to say that you are always doing wrong whenever you are taking a shower or spending time with friends. Additionally, it isn’t clear that there is a â€Å"best† course of action always available to us. There might be an unlimited number of actions we can perform and at least one of them could be better than what we choose to do. Corporate sustainability includes many normal business practices. The oil spill in the Gulf of Mexico provides a classic example of how failure to be sustainable can lead to an overall organizational failure of mandate, and a failure to serve stakeholders. BP plc was faced with managing the crisis and examining the causes of its organizational failure. At the core of the issue is a failed organizational culture. This paper examines what events and  organizational values have led to the crisis and what changes to organizational culture would be required, to avoid a repeat event and begin to create a sustainable organization. Reference: Arnold, D. H., & McKay, R. (2013). Sustainable Enterprises: Crisis Management and Culture Transformation for BP. Business and Management Research, 2(3), p16. Chicago Anand, S. (2008). Not†for†Profit Organizations. Essentials of Corporate Governance, 163-177. Matthew, J. 2014. BP Asks US Supreme Court to Halt Gulf of Mexico Oil Spill Payments Retrieved from http://www.ibtimes.co.uk/bp-asks-us-supreme-court-halt-gulf-mexico-oil-spill-payments-1450360 Rodwell, J. J., & Teo, S. T. (2013). STRATEGIC NRM lN FOR-PROFIT ANO NON-PROFIT ORGANIZATIONS IN A KNOWLEDGE-INTENSIVE INDUSTRY. Human Resource Management in the Public Sector, 9. Williams, B. (1973). A critique of utilitarianism. Cambridge/UK.