TELS 3363 Lecture Notes - Lecture 1: Investopedia

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carminegoldfish401

12 Aug 2015

School

University of Houston

Department

Organizational Leadership and Supervision

Course

TELS 3363

Professor

A.Colin Tangeman

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Document Summary

In today"s society we have really depended on technology, and most important the new improvements of technology. In reality we want to have the best, greatest, and up-to date inventions in our homes, work place, or whatever the case may be. With the mass production that is required for company in giving the customers the products they seek, there will be weaknesses in the future. When a weakness is to occur, then the company has to know how to respond to the weakness immediately. The most convenient route for company to make is a cost-benefit analysis. A cost-benefit analysis is a process by which business decisions are analyzed. The benefits of a given situation or business-related action are summed and then the costs associated with taking the action are subtracted some consultants or analysts also build the model to put a dollar value on intangible items, such as the benefits and costs associated with living in a certain town.

Related Questions

Assignment Instructions: The founder of On-Time Technology Products is being pressured by their biggest investor to use cheaper parts that will not last more than one year. Based on your reading of ethics in this PowerPointÂ©presentation, apply ethical reasoning to respond to this big investor regarding your companyâs ethical position on using these cheaper parts.

Checklist:

â¢Review the PowerPoint presentation on consequential, non-consequential, and virtue ethics. below copied in word

â¢Then using an ethical perspective from the above presentation, and apply it to respond to the big investor.

â¢Discuss how your ethical response also complies with providing exceptional customer service. Scenario Background:

On-Time Technology Products (OTTP) sells products relating to time. Their product line consists of a huge assortment of clocks, watches, daytime planner books, and software. Many of their products are unique and innovative. They have been frequently compared to other high-end retailers.. Their products are sold in retail stores, via the Internet, and via catalogs. Their call center is presently in Dayton, Ohio. Mark MacGibson is the new President for On-Time Technology Products. Mr. MacGibson is a graduate from Kaplan Universityâs MBA program. Mary Graff has a Bachelorâs degree in Business from Kaplan University and is the supervisor for the Customer Service Representatives. Mr. MacGibson and Ms. Graffâs plans are to take On-Time Technology Products to a new level of exceptional customer service.

PowelPoint below in word..

An Overview of Consequential, Nonconsequential and Virtue Ethics Theories

What is Ethics?

Ethics is the study of those values that relate to our moral conduct, including questions of good and evil, right and wrong, and moral responsibility.

Consequentialist Theories:

Consequentialist theories claim that the morality of an action depends only on its consequences.

It only considers the result of actions and not principles or rules in determining morality.

Types of Consequentialist Theories:

Ethical Egoism argues that each person should act in their own self interests.

Act Utilitarianism argues that each person should act in a way that produces the greatest happiness for everyone.

Rule Utilitarianism argues that each person should follow rules that tend to produce the greatest happiness for everyone.

Weaknesses of Consequentialist Theories:

Requires person to predict the future and all possible outcomes.

Can easily be used to justify questionable actions (the end justifies the means).

Nonconsequentialist Theories:

Nonconsequentialist theories claim that the morality of an action depends on principles or other factors that are not related to consequences.

Types of Nonconsequentialist Theories:

Divine command theory argues that we should obey the laws of God.

Kantâs Categorical Imperative states that we should always act in a way that is based on reason, duty, and would be considered ethical if everyone acted in the exact same way. Also, people should be treated as an ends and not as a means.

Weaknesses of Nonconsequentialist Theories:

Divine Command requires a high degree of interpretation skills.

Variety of religions makes standards hard to develop for all.

Can be rigid and ignore outcomes

Virtue Ethics:

Virtue ethics seeks to identify character traits of a moral person and develop those with the idea that the virtuous person will act in a virtuous manner. It does not look to principles or consequences.

Virtue ethics was developed among the ancient Greek philosophers such as Aristotle and Confucius.

Virtue ethics enjoys modern support as an approach that avoids many of the problems with Consequential and Nonconsequential ethical theories.

Weaknesses of Virtue Theory:

Difficulty in determining just which characteristics are virtues

Justification for respecting a virtue usually brings one back to either consequences or principles.

Difficulty in applying to specific situations.

Conclusion:

One theory is not enough to cover all possible choices.

Theories can be synthesized to fit oneâs philosophy of life.

One theoryâs weakness is anotherâs strength.

ivorytermite127

Read through the article about Imagination Tech and its market "implosion" thanks to the announcement that Apple is going to begin using its own Graphics Chips in upcoming phones (years from now).

Notice the share price of Imagination Tech since the issue happened. Is the company undervalued now from this crash? Why or why not? Why do you think the stock has crashed so far, even though Apple's announcement won't affect them for years? what do you think this company might be able to do to recover? How do you think the market "discounts" this firm's cash flows from a risk perspective? Do you think this has changed after the Apple announcement?

Also, from a capital budgeting perspective, I would like you to think about the "Project" that Imagination might need to implement to survive. How do you think company executives would have approached the cash outflows that were necessary to help fix this situation? Think about how future cash flows would be impacted if the company did nothing, what would happen to future cash flows if the company successfully created a new product or innovation that helps increase cash flows? Would managers find a positive NPV from their capital budgeting analysis?

Article:

Shares in Imagination Tech crashed more than 70 percent on Monday after the British company said its biggest customer, Apple, would stop using its graphics technology in iPhones, iPads and Apple Watches.

Imagination said Apple, which accounts for about half its revenue, had notified the British firm it was developing its own graphics chips and would no longer use Imagination's processing designs in 15 months to two years time. Shares in Imagination, in which Apple holds an 8 percent stake, plunged to 76 pence, their lowest level since 2009 and about a 10th of their record of 734 pence hit in 2012. "The biggest risk to Imagination's business model was realized this morning," analysts at Investec said.

"The loss of this revenue stream will have a material impact on the financials of the company." Imagination's shares were trading down 61 percent at 105 pence by 0915 GMT, giving the company a market value of 298 million pounds ($372 million), or 463 million pounds less than it was worth on Friday. The technology company has licensed its processing designs to Apple from the time of the iPod and receives a small royalty on every graphics chip used in a device.

Imagination, however, said it doubted Apple could go it alone without violating Imagination's patents, intellectual property and confidential information, and analysts said legal battles could lie ahead.

"This evidence has been requested by Imagination but Apple has declined to provide it," said the British company, which was founded in 1985 and listed in 1994.Apple did not immediately respond to a request for comment. Imagination's shares rose sharply between 2009 and 2012 as sales of smartphones boomed and Apple and Intel bought stakes. The company was valued at more than 2 billion pounds ($2.5 billion) in April 2012.

It struggled, however, to reduce its reliance on Apple, and has faced increased competition from the likes of chipmaker Qualcomm and British rival ARM, which developed its own graphics to complement its core processor blueprints. Imagination says it has 50 percent of the high-end smartphone market, but only 7 percent of mid-tier devices, where it has been trying to regain market share, including in phones made by Chinese manufacturers.

It said that Apple's notification had triggered talks on alternative commercial arrangements for the current license and royalty agreement. Analysts said there could be room for a compromise, and it could be a bargaining move by Apple to reduce royalties.

Apple paid Imagination license fees and royalties totalling 60.7 million pounds for the year to end-April 2016, half of its total revenue, and is expected to pay about 65 million pounds for this year, Imagination said. Most of its costs are incurred designing new technology years ahead of when it appears in devices, and it said there were minimal direct costs associated with the Apple revenue.

scarletelk92

Comment on the following post with reference:

In our modern times, companies have shown that social responsibility goes beyond the usual waste segregation and tree planting activities. There are more efforts now to stop the ongoing destruction of our planet. This comes to a realization as our society progresses and we started to understand our environment better. Environment conservation has become a trend.

Like other companies, our cafe, "The Green Cafe", understands the benefit of being eco-friendly. It is ethical to care for your environment and to care and contribute to its preservation for the future. It is our social responsibility, as businesses, to do our part to run our business with the least harm to our environment.

Part of our decision is to reduce waste through composting. Similar to Walmart and Target, they "go green" through composting their waste. This process will not only help the environment but will also reduces the operating cost associated with waste.

The cafe will also start to utilize compact flourescent lamps which are energy saving lights. These are environmentally-friendly, saves energy and saves the company money by lowering the hydro expense.

Finally, the group is thinking about installing water conserving toilets which are costly at first, but will conserve water through less flushing and reduce water expense as well.

We are starting to realize that "going green" requires an effective strategy to balance both advantages and disadvantages. The disadvantages involving more initial expenses to convert to more energy efficient products (ie. cfl lights and water conserving toilets). The benefits include a good image to customers, the decrease in energy expenses, and the good conscience of being forward thinkers and socially responsible entrepreneurs.

To add, social responsibility are not solely based on utilitarian judgments of "maximizing the greatest good", it is a personal choice by individuals whatever the class maybe, to pursuit what is right or wrong and to try to contribute to what is right and in this given case, to help protect the environment which in turn, will do the greatest good for the society as a whole.

limeeel747

TELS 3363 Lecture Notes - Lecture 1: Investopedia

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