Saturday, February 22, 2020

Business Ethics Corporate Social Responsibility Assignment

Business Ethics Corporate Social Responsibility - Assignment Example Their importance is hierarchical as explained above. That is, from top to bottom. 2. The potential costs of such an investment is that a lot of money will be pumped into carrying out research that is related to development of medication that can be used to treat the river blindness disease. The revenue likely to be generated from the sale of this drug is likely to be lower than the money invested. However, the benefit of such investment is that millions of lives would be saved. This would help the company to create trust among different stakeholders. In the long run, this drug is likely to generate profits when people realise its effectiveness. 3. Indeed Merck could justify this investment given that their operations are guided by their value system which posits to the effect that medicine is for people not for profits. It is important for Merck to convince the shareholders that profits can be reaped from the sale of the drug in the long run after people have first gained trust in th e new drug. In order to make such a decision, it is imperative for Merck to show other shareholders that the health of the targeted people is more important than the company’s profit oriented goals. 4. ... These employees value the life of people hence they would not support action that jeopardises the live of the targeted people. If the decision to develop the drug is made, then employee loyalty is likely to decline since they would also have a guilty conscience that they are selling a drug that is not safe to people. 5. If the decision to develop the drug is made, there is likely to develop media hype that is likely to tarnish the image of the company. There would be a public outcry that the company that is supposed to be saving the interests of the people is now putting its profit oriented goals ahead of the health and safety concerns of the targeted people. The company is likely to lose its credibility since it would be jeopardizing the lives of the targeted people. As aptly stated by its value system, the company should not prioritise its profit oriented goals ahead of the interests of the people who are supposed to benefit from the drug offered. On the other hand, if a decision n ot to develop the drug is made, the company is likely to gain the trust of people since it would have proved that it is oriented towards the needs of the stakeholders. Indeed, there might be a public outcry from some sections of the society but this decision is justifiable since it does not aggravate the situation. A lasting solution is needed to solve the problem at hand not decisions that are likely to impact negatively on the targeted people. 6. Merck had an ethical obligation in as far as the development of the drug was concerned. First foremost, it is Merck’s responsibility to establish the impact of the drug on the targeted people. Even if the drug had a small

Thursday, February 6, 2020

Duke Ellington Essay Example | Topics and Well Written Essays - 1000 words

Duke Ellington - Essay Example â€Å"gotta hurry home†.  These records did not  hit  as they expected, and it was until 1926 when Irving mills became their  manager  that they had their massive hit.  They  later  recorded â€Å"black and tan fantasy† a song that associated with Ellington throughout his career. Later he  was  put  at the  top  by his  acceptance  to be a  house  band for cotton club. This made him well known in America and contributed to financial security that his  band  needed. It left cotton club in 1931 to  tour  the world; they managed to change with time. In 1930s swing music  hit, New York and Ellington managed to change from  hot  jazz of 1920s to this genre. The  record  Ã¢â‚¬Å"doesn't mean a thing if it  ain't  got that swing† created that  era. In 1940s, the  band  strength  increased even more, and  new  soloist joined them (Pinkney & Pinkney). They recorded various records including â€Å"per didoà ¢â‚¬ , and â€Å"jump for joy†. In 1943, Ellington gave his first  hall  concert debuting â€Å"black, brown and  beige†. In late 1940s, his music continued to be of high quality, and his  band’s turnover increased. Many influential bands broke up during this time due to the rise of bebop. In spite of, Ellington’s  band  never broke up. In 1950s, he had his worst moment of his career, but it was not a problem with his art. The band struggled for a while, but in 1955, they realized "Diminuendo and Crescendo in Blue" which brought him back to  fame. Duke brought various innovations to the music industry back then; making it acceptable for a black person to succeed in music. He was among the earliest jazz singers to make a  record  that took more than three minutes. His songs were more untraditional and had  different  modulations from what people  were used  to back then. The melodies of... The biggest contribution of Duke was his effect on the black community; he was able to show the world that blacks too had talent. His discipline was also notable; this is has been explained his ability to keep the band together until his death. His contribution, however, went beyond music; he contributed a lot to his culture as a black person. He fought for racial equality and even became part of civil rights movements. Duke contributed an immense deal in making blacks feel worthy, and he was quoted saying that his race was his inspiration. He was able to influence many musicians including Thelonious Monk whose piano style was influenced by Ellington. Monk is a modern jazz musician, as well as a pianist. His unique arranging concepts influenced a number of modern day composers. Even if, Duke's main forte was jazz, he also composed for ballets, films, operas and church services. He was kind hearted and would regularly display his musicians; enabling them to make a strong impact on the ir own jazz styles. Ellington received various Grammy awards all the way through his career and many other awards. He continued to perform until his demise after suffering from cancer. His band continued with his legacy headed by his son Mercer. Ellington's legacy was to remain the greatest jazz musician of all time, and he has done that considering his name is, as vital, as it was then. His influence to musicians has remained strong and relevant. Until today musicians revisit his work for inspiration and as a bedrock to their own careers.