Products related to Maximization:
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The Moral Case for Profit Maximization
The Moral Case for Profit Maximization argues that profit maximization is moral when businessmen seek to maximize profit by creating goods or services that are of objective value.Traditionally, profit maximization has been defended on economic grounds.Profit, economists argue, incentivizes businessmen to produce goods and services.In this view, businessmen do not need to be virtuous as long as they deliver the goods.It challenges the traditional defense of profit maximization, arguing that profit maximization is morally ambitious because it requires businessmen to form normative abstractions and to cultivate a virtuous character.In so doing, the author also challenges the moral basis of corporate social responsibility.Proponents of CSR argue that businessmen can do good while doing well.This book argues that businessmen already do good by maximizing profit, drawing upon the histories of the wheel, the refrigerator, and the shipping container, as well as the biographies of J.P. Morgan, John D. Rockefeller, and Thomas Edison to demonstrate the role of values in the creation of material goods and the role of the virtues in value creation.The author challenges readers to rethink the relationship between profit, value, and virtue.
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The Profit Motive : Defending Shareholder Value Maximization
What responsibility, if any, does a corporation have to society?How should corporations balance environmental, social, and governance factors?The Profit Motive addresses these questions of corporate purpose using historical, legal, and economic perspectives.Stephen M. Bainbridge enters the debate around corporate social responsibility to mount an unabashed defense of shareholder capitalism and maximizing shareholder value.The book offers context for the current questions about corporate purpose, and provides a reference going forward.Direct and corrective, The Profit Motive argues that shareholder value maximization is not only required by law, but what the law ought to require.
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Building Rural Community Resilience Through Innovation and Entrepreneurship
Drawing from empirical analyses, case studies, and a synthesis of best practices, this book explores how innovation manifests itself in rural places and how it contributes to entrepreneurial development and resilience.Innovation in rural places may come about as a result of new forms of collaboration; policies that leverage rural assets and address critical service or product gaps; novel strategies for accessing financial capital; infusion of arts into aspects of community life; and cultivation of networks that bridge entrepreneurs, organizations, and institutions.The chapters illustrate how a number of innovation-related characteristics relate to economic vibrancy in rural places such as a strong connection to the arts, adaptive and sustainable use of natural resources, value-chain integrated food systems, robust bridging social capital networks, creative leveraging of technology, and presence of innovation-focused entrepreneurs.Through exploration of these and other topics, this book will provide insights and best practices for rural community and economic development scholars and practitioners seeking to strengthen the rural innovation ecosystem.
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Everyday Life-Environmentalism : Community Sustainability and Resilience in Asia
This book provides one of the first systematic introductions to the Japanese concept of life-environmentalism, Seikatsu-Kankyo Shugi.This concept emerged in the 1980s as a shared research framework among Japanese social scientists studying the adverse consequences of postwar industrialization on everyday life in communities. Life-environmentalism offers a lens through which the agency of small communities in sustaining their everyday life and living environment can be understood.The book provides an overview of this approach, including intellectual backgrounds and foundational concepts, along with a variety of empirical case studies that examine environmental and sustainability issues in Japan and other parts of Asia.It also includes critical reflections on the approach in light of contemporary sustainability challenges.The empirical topics covered in the book include local community responses to development projects, resource governance, disaster response and recovery, and historical environmental preservation.The chapters are contributed by researchers working at the forefront of the field.It provides only a glimpse into the vast literature that awaits further exploration and engagement in the future. The book is suitable for upper undergraduate students, graduate students, and researchers interested in environmental problems, sustainability and resilience, disaster mitigation and response, and regional development in Asian contexts, particularly Japan.It is well-suited for courses in anthropology, geography, sociology, urban and regional planning, political science, Asian studies, and environmental studies.
Price: 135.00 £ | Shipping*: 0.00 £
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What is profit maximization and utility maximization?
Profit maximization is the process by which a company seeks to achieve the highest possible level of profit. This can be done by increasing revenue, reducing costs, or a combination of both. On the other hand, utility maximization refers to the process by which individuals seek to maximize their satisfaction or well-being from consuming goods and services. This can be achieved by allocating their income in a way that maximizes their overall satisfaction, or utility, from the goods and services they consume. Both profit maximization and utility maximization are important concepts in economics and business, as they help to understand the behavior of firms and individuals in making decisions.
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How to achieve profit maximization?
Profit maximization can be achieved by increasing revenue and reducing costs. This can be done by increasing sales through effective marketing strategies, improving product quality, and expanding into new markets. Additionally, reducing costs by streamlining operations, negotiating better deals with suppliers, and optimizing production processes can also help in achieving profit maximization. It is important to continuously monitor financial performance and make adjustments as needed to ensure profitability.
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What does utility maximization mean?
Utility maximization refers to the economic concept of individuals or firms making decisions to maximize their overall satisfaction or well-being. In the context of consumers, utility maximization involves making choices that maximize the satisfaction or happiness derived from consuming goods and services, given their budget constraints. For firms, utility maximization involves making decisions that maximize their profits or overall well-being, given their production constraints and market conditions. Overall, utility maximization involves making rational decisions to achieve the highest level of satisfaction or well-being given the available resources and constraints.
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How can volume maximization be achieved?
Volume maximization can be achieved by increasing the production and sales of a product or service. This can be done by expanding market reach, increasing advertising and marketing efforts, improving product quality and features, and offering competitive pricing. Additionally, streamlining production processes and increasing operational efficiency can help to maximize volume. Finally, understanding and meeting customer needs and preferences can also contribute to volume maximization.
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Innovation in Music: Technology and Creativity
Innovation in Music: Technology and Creativity is a groundbreaking collection bringing together contributions from instructors, researchers, and professionals.Split into two sections, covering composition and performance, and technology and innovation, this volume offers truly international perspectives on ever-evolving practices. Including chapters on audience interaction, dynamic music methods, AI, and live electronic performances, this is recommended reading for professionals, students, and researchers looking for global insights into the fields of music production, music business, and music technology.
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Fashion and Environmental Sustainability : Entrepreneurship, Innovation and Technology
The wide range of topics that the book covers are organised into sections reflecting a cradle to grave view of how entrepreneurial, innovative, and tech-savvy approaches can advance environmental sustainability in the fashion sector.These sections include: sustainable materials; innovation in design, range planning and product development; sustainable innovations in fashion supply chains; sustainable innovations in fashion retail and marketing; sustainable alternatives for end-of-life and circular economy initiatives; and more sustainable alternative fashion business models.
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Climate Change, Community Response and Resilience : Insight for Socio-Ecological Sustainability Volume 6
Climate Change, Community Response, and Resilience: Insight for Socio-Ecological Sustainability, Volume Six presents a fundamental theoretical framework for understanding how community resilience and risk assessment affect climate change adaptation behavior.This framework is based on a 26-chapter theoretical and empirical examination that includes pioneer projects from various regions that illustrate the relationship between theory and practice, reflect a paradigm shift in climate change, community response, and resilience, and focus on these important aspects from a sectoral perspective.Climate change, ecological consequences and resilience are then discussed in the final section. Members of the Royal Meteorological Society are eligible for a 35% discount on all Developments in Weather and Climate Science series titles.See the RMetS member dashboard for the discount code.
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Girl Power : Sustainability, Empowerment, and Justice
Power. Gender. Sustainability. This Element harnesses powerful new data about gender and sustainability, presents inspiring stories of empowerment, and introduces a framework for building empowerment muscles.First, from a pioneering global survey, it unveils three shocking truths about young women's empowerment.It also compiles significant data on systemic gender disempowerment intersecting environmental degradation, violence, and exclusion, as well as profound societal impact if girls and women were fully empowered.Second, from climate activist Greta Thunberg to the all girl Afghan robotics team, the #NeverAgain movement against gun violence, and the Hong Kong pro-democracy movement, today's empowered girls are a transformative force for change.Each modeling a distinct skill - an empowerment muscle - seven case studies present empowerment muscles of focus, solidarity, hope, courage, advocacy, endurance, and healing.Third, unlike most works using empowerment nebulously, this Element concretizes empowerment - a set of muscles each reader can build and strengthen through 'workout' training exercises.
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What are maximization problems in mathematics?
Maximization problems in mathematics involve finding the maximum value of a function or quantity within a given set of constraints. These problems often require optimizing a certain objective function, such as maximizing profit or minimizing cost, subject to certain limitations or conditions. To solve maximization problems, mathematical techniques such as calculus, linear programming, or optimization algorithms are typically used to find the optimal solution that yields the highest possible value. Overall, maximization problems play a crucial role in various fields, including economics, engineering, and operations research, where finding the best possible outcome is essential.
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Is hate a result of profit maximization?
Hate is not necessarily a result of profit maximization. While it is true that some individuals or groups may use hate to further their own financial interests, such as by promoting divisive rhetoric to attract a certain audience or by exploiting discriminatory practices for economic gain, hate can also arise from a variety of other factors such as fear, ignorance, and prejudice. Additionally, hate can have significant social and economic costs, such as decreased productivity, increased conflict, and reduced trust within communities, which can ultimately undermine profit maximization. Therefore, while there may be instances where hate is used for profit, it is not the sole or primary cause of hate.
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Is profit maximization the ultimate goal of companies?
While profit maximization is an important goal for companies, it is not always the ultimate goal. Companies also strive to create value for their customers, employees, and society as a whole. Building a strong brand, fostering innovation, and maintaining a positive corporate culture are often seen as equally important objectives. Ultimately, companies need to balance profit maximization with other goals to ensure long-term success and sustainability.
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Is profit maximization the only sensible guideline for economic action?
No, profit maximization is not the only sensible guideline for economic action. While profit is an important factor in business decision-making, other considerations such as social responsibility, sustainability, and ethical practices also play a crucial role. Focusing solely on profit maximization can lead to negative consequences such as exploitation of resources, disregard for employee well-being, and harm to the environment. A more balanced approach that takes into account the long-term impact on all stakeholders is often more sustainable and ethical in the long run.
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