Governing business activity Essay Example | Topics and Well Written Essays - 1500 words

Governing business activity - Essay Example A firm is an arrangement of individuals, resources – both physical, as well as financial and a great deal of information. They exist to carry out various constructive tasks in the society, through production and distribution of goods and services. These tasks are accomplished by utilizing society’s resources such as land, labor, capital and providing adequate profits for the work done, in return (Hirschey, 2009). Smaller firms are usually managed by a single owner, who is in charge of all the key decisions made and hence are more likely to dominate the decisions in their favor, by taking decisions which are profitable to them. Thus, both the short term as well as long term goals of a smaller firm could be profit maximization alone. Larger firms on the other hand, are owned by the shareholders but managed by "business managers" who are in charge of all key decision making within the company. Thus, as compared to smaller firms, the larger firms may deviate from the conventional profit maximization objective, to pursue other equally important goals such as sustainable development, improving quality of their products, environmental protection etc. which are in the larger interest of the society as a whole. However, such goals are merely short term objectives, as objectives other than profit maximization may serve the community at large, but it does not help the firm in sustaining its competitive positioning in the industry. Furthermore, under the Corporate Social Responsibility agenda, which has recently gained widespread popularity and acceptance, it is considered obligatory for firms, to contribute towards development of the society as a whole rather than pursuing their selfish motives of earning profits. But according to Sternberg (2000, Pp. 41): â€Å"The Social Responsibility of any business is to increase its Profits. For any

Hemingway's Personal Life and its Influence on his Short Story, Hills Research Paper

Hemingway's Personal Life and its Influence on his Short Story, Hills Like White Elephants - Research Paper Example ling to give them space and do not realize the damage they cause to their psyche due to over-protectiveness or outright suppression of their rights and individuality. Ernest Miller Hemingway was born on July 21, 1899 in Oak Park, Illinois and he was the second child of his parents Grace Hall and Clarence Edmonds Hemingway. After graduation, he shifted to Kansas City and joined as a cub reporter for the Star Newspaper. The ongoing World War excited him and he joined Red Cross as an ambulance driver. He was injured in the war and during the course of his recuperation, he met Agnes von Kurowsky. Hemingway took the relationship seriously but Agnes treated him as a kid. He returned to America to be honored as a war hero. With the termination of relationship with Agnes, Hemingway was heart-broken. In Chicago, when on freelance assignments, he met Hadley Richardson and they got married in 1921. Both of them moved to Paris, on the advice of a friend, to live in association with other writers. That move brought Hemingway to the limelight in the world of literature. In Paris he did some writing for the Toronto Star newspaper. Soon the marriage with Hadley ended, but Hemingway remarried Pauline Pfeiffer and they moved to Key West, Florida. His father committed suicide and his writing was interrupted. By then Hemingway had taken to heavy drinking. The marriage again was on the rocks and he went to Spain accompanied by his new love Martha Gellhorn. In 1940, he divorced Pauline. They jointly bought a house in Cuba and World War II broke out and Hemingway went to Europe to cover the war. Martha was already there to work. Their relationship however ended in 1945. He was in love again and he married Mary Welsh in the year 1946.They returned to Cuba and Hemingway was on his writing assignments again. The next phase in his life was full of tragedies. Ernest and Mary were enjoying a safari in Africa, and they were involved in a plane crash. The injuries were minor and the rescue