Natural Environment and Campbell Soup Essay Example for Free

Natural Environment and Campbell dope EssayWhy do some phone line firms practise a deuce-ace-bottom-line forbiddencome while others focus only on profit maximization? Please, use a real company example to illustrate your points. The triple bottom line outcome focuses on the concept where firms be environmentally conscious and socially responsible by achieving a balance between profits, avoiding molest to the environment, and achieving social benefits (Douglas, 2012). Traditionally, firms focused on profit maximization to achieve profits to pay out dividends and with child(p) gains so shareholders eject buy things. In a recent article, Nursing Homes are overbilling Medicare . 5 million a year for treatments patients dont need or never receive. When nursing homes where for-profit, 30% of claims sampled were considered untimely while non-profit nursing homes estimated only 12% (Waldman, 2012).Jill Horwitz, a professor at the University of California stated that for-profi t wellness care providers are more than likely to act on money in any way possible, horizontal by pushing the legal envelope (Walkman, 2012). There are still for-profit companies who pursue a triple-bottom-line outcome. Campbell Soup Company has been environmentally conscious and socially responsible since 1953. The Campbell Soup Foundation has been supporting local communities where employees perish and work financially. Campbell Soups headquarters is located in Camden, New Jersey where they donate somewhat $1 million each year to impact the local residents in a positive agency (Campbell Soup Foundation). They focus on hunger relief, childhood obesity and youth-related programming. Not only does Campbell Soup invest in its local communities, they also partner is many non-profit organizations like the Boy Girls Club and the United Way.Customers can influence firms to pay more attention to the preservation of the natural environment by emphasizing how of import the community and environment in which they live are. Many organizations are now trying to go green. They are making products that use fewer materials and are less harmful to the environment. If customers refuse to buy products from organization that do non value the environment, organizations will careen to customers needs. Along with not buying products, customers should not invest with companies who do not value the environment and communities. Economists incorporate the triple bottom line into their models of business decision making by assuming that many individuals will buy shares in companies that achieve the triple bottom line outcomes they want and will sell shares in companies that do not (Douglas, 2012. Pg. 7).ReferencesCampbell soup foundation. (2012). Retrieved from http//www.campbellsoupcompany.com/Foundation.aspx Douglas, E. (2012). managerial Economics (1st ed.). San Diego, CA Bridgepoint Education.This text is a Constellation course digital materials (CDM) title. Waldman, P. ( 2012, December 31). For-Profit Nursing Homes bakshis in Overcharging While Care Suffers. Bloomberg. Retreived from http//www.bloomberg.com/news/2012-12-31/for-profit-nursing-homes-lead-in-overcharging-while-care-suffers.html 1. Firm ObjectivesWhy do some business firms pursue a triple-bottom-line outcome while others focus only on profit maximization? Please, use a real company example to illustrate your points.Guided ResponseIn 300 words or more, please, provide your response to the above discussion question. Comment on how customers can influence firms to pay more attention to the preservation of the natural environment. Respond substantively to at least two of your classmates postings. Substantive responses use theory, research, and go out or examples to support ideas and further the class knowledge on the discussion topic.2. Decision Making chthonian UncertaintyTo save on gasoline expenses, Edith and Mathew agreed to carpool together for traveling to and from work. Edith pref erred to travel on I-20 highway as it was usually the fastest, winning 25 legal proceeding in the absence of transaction delays. Mathew pointed out that traffic jams on the highway can lead to long delays making the trip 45 proceedings. He preferred to travel along Shea Boulevard, which was longer (35 legal proceeding), but rarely had traffic jams. Edith agreed that in matter of traffic jams, Shea Boulevard was a reasonable alternative. Neither of them knows the state of the highway beforehand of time. After impetuous to work on the I-20 highway for 1 month (20 workdays), they found the highway to be jammed 3 times. Uncertainty is when the potential outcomes are not predictable and/or the probabilities of these outcomes are not estimable ahead of time (Douglas, 2012). * I-20 = 25 minutes w/o delays (25 minutes * 365 days = 9,125 minutes) * I-20 = 45 minutes w/ delays* Shea Boulevard = 35 minutes w/o delays* 1st month of travel there where 3 traffic delays assuming 20 workday s each month1. Assuming that this month is a good commission of all months ahead, should Edith and Mathew continue to use the highway for traveling to work? * 3 jams (workdays) * 45 minutes = cxxxv minutes* 17 workdays * 25 minutes = 425 minutes* Total = 560 minutes compared to* 20 workdays * 35 minutes = 700 minutes when taking Shea Boulevard. Edith and Mathew should continue to use the highway because they save 140 minutes each month. 2. How would you finish change for the winter months, if bad weather makes it likely for traffic jams on the highway to increase to 6 days per month? * 6 jams (workdays) * 45 minutes = 270 minutes* 14 workdays * 25 minutes = 350 minutes* Total = 620 minutes compared to* 20 workdays * 35 minutes = 700 minutes when taking Shea Boulevard. Edith and Mathew should still continue to sate I-20 during winter months because they will continue to save time. They will save 80 minutes of time taking the highway during winter months.3. How would your conclusio n change if Mathew purchased a new smart-phone app that could show the status of the highway traffic prior to their drive each morning, thus reducing the probability of them getting into a jam dash off to only 1day per month (where on this day, the app showed no traffic jam, but a jam developed in the meantime as they were driving along the highway). The conclusion would change in that Edith and Mathew should point Shea Boulevard on days in which they know there is an throw ahead of time. Either way they should continue to take the highway unless they discover accidents ahead of time.Non-Winter* 1 jams (workdays) * 45 minutes = 45 minutes* 17 workdays (highway) * 25 minutes = 425 minutes* 2 workdays (Shea Boulevard) * 35 minutes = 70* Total = 540 minutes compared to* 20 workdays * 35 minutes = 700 minutes when taking Shea Boulevard. Winter* 1 jams (workdays) * 45 minutes = 45 minutes* 14 workdays (highway) * 25 minutes = 350 minutes* 5 workdays (Shea Boulevard) * 35 minutes = 175 minutes * Total = 570 minutes compared to* 20 workdays * 35 minutes = 700 minutes when taking Shea Boulevard.4. Further, comment on how the conclusions of this problem will change if there was no uncertainty and the highway always had traffic jams, whereas Shea Blvd was always traffic jam liberate? Is this scenario realistic and why? Respond substantively to at least two of your classmates postings * 20 workdays * 45 minutes (I-20 w/ jams) = 900 minutes. * 20 workdays * 35 minutes (Shea Boulevard) = 700 minutes. If this was the case, Edith and Mathew would take Shea Boulevard every day. The scenario can be realistic because complex body part could incur at some point throughout the year cause delays and an increase in accident rates.ReferencesDouglas, E. (2012). Managerial Economics (1st ed.). San Diego, CA Bridgepoint Education.This text is a Constellation course digital materials (CDM) title.