Friday, May 15, 2020
Avon, Mary Kay and Estee Lauder Resume Animal Testing
In February of 2012, PETA discovered that Avon, Mary Kay, and Estee Lauder had resumed animal testing. The three companies had each been cruelty-free for over 20 years, but since China requires cosmetics to be tested on animals, all three companies now pay for their products to be tested on animals. For a short while, Urban Decay also planned to start animal testing but announced in July of 2012 that they would not test on animals and would not sell in China. While none of these are completely vegan companies, they have been considered cruelty-free because they did not test on animals. Urban Decay takes the extra step of identifying vegan products with a purple paw symbol, but not all Urban Decay products are vegan. Testing cosmetics and personal care products on animals are not required by U.S. law unless the product contains a new chemical. In 2009, the European Union banned cosmetics testing on animals, and that ban went into full effect in 2013. In 2011, U.K. officials announced an intention to ban animal testing of household products, but that ban has not yet been enacted. Avon and Animal Testing Avons animal welfare policy now states: Some select products may be required by law in a few countries to undergo additional safety testing, which potentially includes animal testing, under the directive of a government or health agency. In these instances, Avon will first attempt to persuade the requesting authority to accept non-animal test data. When those attempts are unsuccessful, Avon must abide by local laws and submit the products for additional testing. According to Avon, testing their products on animals for these foreign markets is not new, but it appears that PETA removed them from the cruelty-free list because PETA has become more aggressive advocates in the global arena. Avons Breast Cancer Crusade (funded by Avons popular breast cancer walk) is on the Humane Seal list of approved charities that dont fund animal research. Estee Lauder Estee Lauders animal testing statement reads, We do not conduct animal testing on our products or ingredients, nor ask others to test on our behalf, except when required by law. Mary Kay Mary Kays animal testing policy explains: Mary Kay does not conduct animal testing on its products or ingredients, nor ask others to do so on its behalf, except when absolutely required by law. There is only one country where the company operates ââ¬â among more than 35 around the world ââ¬â where that is the case and where the company is required by law to submit products for testing ââ¬â China. Urban Decay Of the four companies, Urban Decay had had the most support in the vegan/animal rights community because they identify their vegan products with a purple paw symbol. The company even distributes free samples through The Coalition for Consumer Information on Cosmetics, which certifies cruelty-free companies with their Leaping Bunny symbol. While Avon, Mary Kay, and Estee Lauder may have offered some vegan products, they had not specifically marketed those products to vegans and did not make it easy to identify their vegan products. Urban Decay had planned to sell their products in China, but received so much negative feedback, the company reconsidered: After careful consideration of many issues, we have decided not to start selling Urban Decay products in China . . . Following our initial announcement, we realized that we needed to step back, carefully review our original plan, and talk to a number of individuals and organizations that were interested in our decision. We regret that we were unable to respond immediately to many of the questions we received, and appreciate the patience our customers have shown as we worked through this difficult issue. Urban Decay is now back on the Leaping Bunny list and PETAs cruelty-free list. While Avon, Estee Lauder, and Mary Kay claim to oppose animal testing, as long as they are paying for animal tests anywhere in the world, they can no longer be considered cruelty-free.
Wednesday, May 6, 2020
The Impact Of Outsourcing On The Airline Industry
This report is to provide an analysis of the effect of outsourcing in the airline industry. In the airlines, outsourcing is very common especially at small cities and international locations. It has its advantages and disadvantage. It helps to reduce costs such as payroll, benefits and any other related costs. Also, it has it disadvantage such as the quality of the work could be affected. I also will look into the process for an airline beginning to outsource a location (or stations) that was not previously outsourced. An advantage of outsourcing a station is that the airline can save a lot money. As the contactor takes over, they will assume responsibility of hiring, training, paying any related cost for that individual. Also, the airline is no longer responsible to follow the union contract between the employee and contractor. The disadvantage of outsourcing is that quality of work produced by the employee is highly affected. Lots of these employee have a notion that they are high expendable and can be replaced easily. Mix that thought process with low pay and little to no benefits and one might get an employee that will not do a quality job. Some stations has already been outsourced could be replaced by another company or contract. This report will briefly look into how that transition could affect the overall operations of that station in a positive and negative matter. I will refer this a contract transition. During this transition, operations at that particularShow MoreRelatedOutsourcing Of Aviation Maintenance Practices And The Effects Of Globalization1352 Words à |à 6 Pages Outsourcing of Aviation Maintenance Practices and the Effects of Globalization Matthew Wilkerson Embry-Riddle Aeronautical University Worldwide May 16, 2016 Ã¢â¬Æ' Abstract Within the aviation industry outsourced maintenance practices have become increasingly more prevalent to maintain current assets. 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Tuesday, May 5, 2020
Demand and Supply of Coca-Cola-Samples for Students-Myassignment
Question: Discuss about the DEmand and Supply of Coca-Cola. Answer: Introduction The aim of this essay is to highlight on the demand and supply of Coca-cola. This product is a effervescent and most popular soft drink in the world. The Coca-Cola Company has produced various ranges of products and has become one of the familiar brand in the globe. Coca-Cola is considered as the substitute product as the consumers desire to switch to other good if its prices rises (Ruttan and Thirtle 2014). Both demand and supply of commodity depends on the product price and its demand for quantity. The market equilibrium occurs at the intersection point of the demand and supply curve of the commodity. This study also aid in exploring the variables that affect the demand and supply of coca-cola market. Discussion Demand for Coca- Cola The law of demand depicts that increase in price of the commodity leads to decline in its quantity demanded. Demand for a particular good refers to the commodity that the consumer desires to purchase over the certain period of time (Rios et al. 2013). It is usually represented that the demand curve is negatively sloped as the commodity price and its demand for quantity holds inverse relationship. The product quality and its brand value has increased the total number of customers around the globe. This has facilitated the organization in attaining higher revenue and profitability in this competitive market. Therefore, law of demand is illustrated with the help of the diagram shown below: Figure 1: Coca-cola s demand Source: (Authors creation) Supply of Coca-Cola The supply of the product represents the total amount of goods that the retailer is keen to supply in the present market. The law of supply portrays that rise in product price leads to increase in its quantity supplied with other variables remaining constant (Mankiw 2014). The reason behind increase in quantity supplied of goods is that the manufacturer wants to supply more product in order to attain profit. This law reflects that the price and quantity have positive relationships and this is depicted by positive slope supply curve. In this case, increase in Coca-Cola price leads to rise in its quantity supplied upto a particular level due to the presence of other constraint including existence of substitute products such as Pepsi. In the long period, if the manufacturers strategize to increase Coca-Cola price its quantity demand automatically decreases owing to presence of substitute goods in the competitive market. This is explained in the diagram below: Figure 2: Coca colas supply. Source: (Authors creation) Factors affecting demand and supply side of Coca-Cola Several factors influence the coca-cola demand in the market. These are: Relative product price-The demand for this good is affected by change in relative price product. There are many substitute products for Coca-Cola such as Pepsi, Sprite. However, if the price of this commodity rises while price of substitute goods remain constant then demand for coca-cola declines. Customers income- Customers income and its demand are directly related with each other. Therefore, rise in purchasers incomes leads to increase in its demand. Customers preferences- If the customers prefer coca-cola with respect to other product, then its demand remains unchanged irrespective to increase in its price (F et al. 2013). Policies adopted by government- Recent data reflect that the demand or coca-cola changes with the adoption of few measures by the government. However, if the government increases the tax on coca-cola, then its demand decreases. Time- Time is a crucial variable that influences the coca-colas demand in the market. Thus, its demands changes according to the seasonal change. Age group- This commodity is familiar in all age groups and hence is not influenced by its product demand (Baumol and Blinder 2015). In addition, rise in total population in the country also leads to rise in its demand. Brand reputation- Damage of Coca-Colas demand leads to decline in demand for its substitute products. However, Coca-cola enterprise tries to produce good quality products for attaining their trust and increasing their overall sales. The determinants that influences supply of coca-cola are given below: Commodities price- According to law of supply, rise in this product price creates willingness of the manufacturer to produce more commodities. Advancement of technology- The production cost of coca-cola decreases owing to advancement of technology in the process of production (Bauer 2014). The coca-cola organization introduces new technology in order to increase the efficiency of the worker and total productivity. Total number of customer- if huge number of customers is present in the market, the manufacturers aspire to produce more coca-cola for catering their wants. Input price- Input cost refers to workers and machinery cost in the business. Scarcity in this factors supply results to decline in the factor cost. Hence, the retailers want to supply more commodities at equal price. Demand elasticity The demand elasticity of the product refers to the change in demand for quantity with respect to change in goods price (Andini and Simatupang 2014). In case of elastic product, negligible change in product price leads to high change in demand for quantity. Coca-cola is considered as elastic product as its demand elasticity is greater than one. This is shown in the diagram below: Figure 3: Elasticity of coca-cola Source: (As created by author) Conclusion It can be concluded from the above study that the manufacturers set the product price according to its elasticity. If the product demand is elastic, the manufacturers strategize to lower the price for attaining higher revenue. On the contrary, if the goods demand is inelastic, the producers try to raise the price for gaining more revenue. Thus, the overall production cost lowers that augments to higher profit. Since Coca- cola product elastic, small rise in product price leads to incredible change in product demand due to availability of substitutes commodity in the competitive market. References Andini, R.A. and Simatupang, T.M., 2014. A process simulation of inventory planning and control for Minute Maid Pulpy at Coca-Cola.International Journal of Logistics Systems and Management,17(1), pp.66-82. Bauer, M.J.R., 2014. Principles of microeconomics. Baumol, W.J. and Blinder, A.S., 2015.Microeconomics: Principles and policy. Cengage Learning. Bustinza, O., C. Parry, G. and Vendrell-Herrero, F., 2013. Supply and demand chain management: The effect of adding services to product offerings.Supply Chain Mankiw, N.G., 2014.Principles of macroeconomics. Cengage Learning. Mankiw, N.G., 2014.Essentials of economics. Cengage learning. Rios, M.C., McConnell, C.R. and Brue, S.L., 2013. Economics: Principles, problems, and policies. McGraw-Hill. Ruttan, V. and Thirtle, C., 2014.The role of demand and supply in the generation and diffusion of technical change(Vol. 21). Routledge.
Sunday, April 12, 2020
Tuesday, March 10, 2020
Corporate Social Responsibility and Timberland Essays
Corporate Social Responsibility and Timberland Essays Corporate Social Responsibility and Timberland Paper Corporate Social Responsibility and Timberland Paper In what ways does Timberland fulfill its responsibility to consumers, employees, investors and society as a whole? A : 1 : Timberlandââ¬â¢s mission has been to equip people to make their difference in the world. Let them be consumers , employees , investors or society as a whole. Timberland ââ¬Ës business is a model for both commerce and justice having a long history in this regard. While continuing to build its reputation as a brand that stands for durability, ruggedness the American outdoor since 1950 , Timberland has been constructing a reputation of integrity and commitment to the community as well. Timberland is committed to ensuring that the workers who produce products are provided with fair, safe and non-discriminatory workplaces. Their products are produced in factories across the globe- in 38 countries by roughly 300 factories and approximately 247,000 workers. Timberland ââ¬Ës Code of Conduct is to officially formalize the pursuit of human dignity in the manufacturing process. Timberland has always pursued to serve their various stakeholders- from a demanding shareholder or discerning customer to an employee who wants to make a living with purpose. Timberland has maintained their contract very well with various vendors, suppliers, customers, and local communities to create products. Timeberland ââ¬Ës our Code of Conduct demands much more than the minimum industry-standard requirements of environmental and human rights laws. Child labor has been adhered at 16 (which is higher than the law in some countries where their products are manufactured today), and also overtime being paid at a premium despite local laws and have maintained zero tolerance for working hours over 60 hours per week. Timberland listens to stakeholder voices and constantly works to improve assessment and human rights programs. They have taken on the challenge of helping factories build new and different management systems and improves staff knowledge about corporate social responsibility issues. Timberland has also incorporated items that often fall ââ¬Å"beyond factory wallsâ⬠into the assessment program. Basic things like nutritious food, medical services, housing, child care, schooling, and transportation are all taken into account during the evaluation. It is ensured that that there are ways for workers to learn and grow, such as opportunities for recreation, skills development, and savings or credit- all essential for ensuring the dignity of workers in the global supply chain. As a publicly traded enterprise and a corporate citizen, Timberland is committed to engaging investors / stakeholders in dialogue and action to reduce our global footprint. Investor profiles is broad and diverse, and includes groups or individuals who can affect- or are affected by- the company. Timberlandââ¬â¢s approach to stakeholder engagement focuses on two central tenets- transparency and accountability . Transparency enables to engage in candid dialogue with stakeholders, challenge assumptions and encourage innovation. It also helps build trust with these partners and critics to deepen understanding of impact on the world and advance approach to corporate social responsibility. Accountability similarly drives efforts to seek public and stakeholder input as to pursue commitment to commerce and justice. By communicating performance, stakeholders can measure progress and hold them accountable for planned improvements. At Timberland, social responsibility starts at the top. The Company has a strong set of values that form the resolve for all that is being done for he community ââ¬â humanity, humility, integrity excellence. Timberland has pioneered several progressive environmental and social programs. All these programs together under one umbrella of Corporate Social Responsibility formalized Timberlandââ¬â¢s Four CSR Pillars: Energy, Product, Workplace Service. Embedded in each pillar is a commitment or bold goal that drives Timberour strategy in that arena. Q : 2 : In addition to a climate o f social responsibility, do you think Timberland is likely to foster a climate of ethical awareness throughout its organization? Explain your answer. A:2 : Timerlandââ¬â¢s Code of Conduct : To create measurable sustainable impact in the lives of workers , the communities where we live and work and the environment we cherish through strategic relationships and investments that unleash civic potential , build capabilities and convene stake holders in common purpose. Well, I feel, its indeed a great combination Timberland has to do business keeping in mind social welfare . Business and community being joined together to create more powerful enterprise and community fostering a climate of ethical awareness throughout its organization. The issues being embraced as an enterprise and as a community are complex and far reaching. And to extend influence as a responsible business, Timberland looks for opportunities to leverage their expertise by educating and empowering a wider society (that is, other brands, government organizations and private citizens). In this way, they promote and steward the environmental and social health of our planet and its people and share our passion for Earthkeeping activities. Approach to building strong communities and a healthy planet through civic action is grounded in three basic criteria: Timberlandââ¬â¢s corporate culture is built around values of Humanity, Humility, Integrity and Excellence. In the CSR arena, as in every aspect of the company, all programs must reflect these values. Company rely on a collaborative process built on a common vision and aligned values- within our organization and with partners in the industry- to create enduring change. This includes working together to raise awareness, model innovation and compel action. The results of efforts across all four CSR pillars of Energy, Product, Workplace and Service must be measurable and transformative . Q : 3 : In what ways does Timberlandââ¬â¢s path of service programs help develop the quality of its work force? A: 3 : Business community shall be joined together you have a more powerful enterprise community. said Ken Freitas ââ¬â Timberland Vice President Social Enterprise. Timberland implements this commitment through a serious of programmes in which its employees including top managers corporate dollars participate. Thru its path of service program, employees receives up to 40 hours of paid time per year to participate in community service projects at local schools, day care centers, the society for prevention of cruelty to animals ( SPCA ), food banks, and the like they might clean up a nearby beach or help build a park. Years ago Timberland established its service sabbatical program, in which 3-6 months sabbaticals are awarded to as many as 4 employees who wish to use their professional skills to assist non profitable organizations full time, then there is a global servââ¬âAââ¬âPalooza, the annual worldwide co-wide celebration during which 2000 employees, vendors and community partners in a day of service. Engaging as a company in community service over the years has produced a variety of benefits, including the following: Augmented employee development. Our service projects are employee organized and led. Employees who step up to lead service projects receive training in project management, team motivation, and presentation skills, which they can transfer from their service roles into a professional capacity . Increased employee attraction and retention. Responses to our global employee survey consistently indicate that the Path of Serviceâ⠢ program benefit is a factor in our employeesââ¬â¢ decision to work for and stay at Timberland. Strengthened business partnerships. Timberland encourage employees to share the service ethos with business partners, vendors, and customers, to increase the impact which can be made in communities. Sharing in service experiences provides insight into the company culture and values- an asset in building ongoing business relationships. Reinforced commitment to community building and goodwill. Lasting impacts prevails in the communities in which contributions linger long after the specific service event.
Sunday, February 23, 2020
Loss Aversion Research Paper Example | Topics and Well Written Essays - 1000 words
Loss Aversion - Research Paper Example This is evident in trying to explain loss aversion since its explanation is only one sided ignoring the loss-gain explanation aspect of this aspect (McGraw, Peter, Jeff, Daniel and David, 1440). Loss aversion patterns observed in the past periods makes it clear that when a loss and a gain of equal magnitude are compared and an assessment made, losses are realized to impact more on making choices than gains of the same magnitude would do. This is because a loss as it occurs is felt in the very short instances with great influence and severity as compared to if the same amounts of gains occurred. This asymmetry is mostly driven by thoughts and feelings that losses should inflict more pain than would gains of the same or slightly higher magnitude would bring joy and pleasure to the individuals (Harinck, Fieke, Eric, Ilja Van and Paul, 1099-1100). Some form of bias have been witnessed in the observations made since the loss aversion form of impact is mostly felt on non-monetary circumsta nces with the asymmetry not completely detected on monetary situations. This has been proved from several previous studies on monetary gains and losses such as that on mixed gambles assessed on bipolar scales. Support for loss aversion According to the previous discussions, loss aversion happens when people think and expect that losses have greater impacts when compared to the same gain magnitude. This version of the case has been proved by two studies; initially, it was proved that losses that were witnessed from a gamble resulted into greater impacts in feelings than those for gains; this might have been because the expectation may have been quite high. From the studies, it is highly acknowledged that the hedonic impact of losses is higher than corresponding gains. This is proved because negative aspects are processed severally in the different parts for the brains than the processing of positive acts, this highly raises psychological feelings due to increased neural activity. In decision making research, there are constructs of loss aversion that have been used in giving explanation to the effects detected such as endowment and status quo reports. The other effect that this form of act tends to explain is the framing effect that is developed for negotiations in the formation of coalitions (Harinck, Fieke, Eric, Ilja Van and Paul, 1100). . Reasons against loss aversion Despite the application of Loss Aversion having been proved, they may be irrelevant at times. From research, it is found that supporters of loss aversion highly exaggerate the situation. It is clear that negative outcomes are painful when they inflict any individual but it has been witnessed in the past that individual exaggerate the degree of the impact which even propels the inflicted to prolong the period of the feeling. The form of bias exhibited above has been witnessed and recorded through valid proofs in a diverse field of study where people tend to normally exaggerate their negative fe elings about negative occurrences (Kermer, Deborah, Erin, Timothy and Daniel, 651). In the past individuals have also failed to gauge how much they are able
Friday, February 7, 2020
San diego pension crisis Research Paper Example | Topics and Well Written Essays - 1250 words
San diego pension crisis - Research Paper Example This was a bad precedent that would set a devastating trend way into the future. Successive local governments would use the pension funds for other purposes when the economy started to slow down. To give an example, in 2002 when the city government was unable to give pay raises to employees, the city offered increases in pension of 25 percent. This was done despite the fact that the cityââ¬â¢s cash contributions into the pension fund had lowered. It was under this corrupt scheme that the City Council promised to increase the pension benefits provided a plan that allowed the city reduce funding to the pension kitty was approved by the retirement board which is controlled by the labor union and city employees. Despite warnings issued by Diann Shipione, who was a trustee of the pension board, the underfunding was approved. Diann warned that the plan would in the long run bankrupt the city. A private attorney who represented the board also indicated that the plan was most likely illeg al. Mayor Dick Murphy, who was running for re-election in 2004, denied allegations that the city had serious financial problems at a time when deficit in the pension fund was close to hitting one billion dollars. Murphy was forced to resign later due to the pension scandal. In January 2006, seven people were indicted for conspiracy to commit fraud. These included the former pension systems director and the staff attorney. It is believed that this system of dipping into the pension funds was also emulated by other cities but its effects in San Diego were extreme. Recent efforts by Mayor Jerry Sanders to develop measures to salvage the pension situation have been met with resistance from different circles. The ballot measure which was proposed by the mayor and councilman Kevin Faulconer was put under a lot of scrutiny. The proposal would have overhauled the retirement benefits for the city workers. It was met by heavy criticism from both sides of the political divide. Councilman Carl DeMaio who developed another separate proposal on how to deal with the pension issue was one of the most vocal critics of the mayorââ¬â¢s proposal. He is at one time quoted to have referred to the mayorââ¬â¢s proposal as a toothless tiger (Gustafson, ââ¬Å"Critics Sayâ⬠). He reiterated that the proposal did not comprehensively deal with the pension problems that the city faced. The proposal if approved would have introduced strict measures of conducting new hires for public safety jobs. It would also have eliminated guaranteed pensions for new hires and replaced this with 401(k) s (Gustafson, ââ¬Å"Critics Sayâ⬠). The suggestion that guaranteed pensions for firefighters, police officers and lifeguards was not supported by politicians. Other leaders of unions especially those whose members were to be affected also vowed to rally their members to oppose the proposal. Frank De Clercq who heads the firefighters union in San Diego projected that if implemented ideals of the proposal will lead to challenges during recruitment into the affected jobs (Gustafson, ââ¬Å"Critics Sayâ⬠).This is because people will be reluctant to risk their lives in jobs that do not guarantee their well being after retirement. He further added that firefighters risked their lives on a daily basis in order to save the lives of others (Gustafson, ââ¬Å"San Diego Pensionâ⬠). Jay Goldstone, who is the chief operating officer of the city, was of the opinion that a lot of savings were to be made
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