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Is business ethics an oxymoron? - Editorial - Cover Story

Is "business ethics" an oxymoron? Are doing business and being ethical so contradictory that it is impossible to be both an effective business manager and an ethical individual? No doubt many--perhaps most--would answer "yes" to both these questions. But if it is true that management effectiveness and individual ethics are mutually exclusive, why would anyone want to be a manager? Can it be that all of the people who are or want to be managers are willing to sell their souls?

The thesis of this article is that business and ethics are not contradictory. Indeed, good ethics is synonymous with good management. Two principles based on ethical theory are presented that give ethical purpose to management while at the same time making managers more effective. The perception that business and ethics are contradictory is based on a generally accepted view of what managers are supposed to do and, thus, how they are supposed to act. We begin by examining that view.

The Role of the Manager

What do most people believe managers should do? To the extent that there is a social norm concerning the manager's role, people who assume that role will be apt to fulfill that norm. Social norms and role expectations are powerful drivers of behavior.

The traditional view of the managerial role is relatively clear. It has been stated frequently by people writing about management. For instance, Milton Friedman, in his essay "The Social Responsibility of Business Is to Maximize Its Profits" (1970), says:

[A] corporate executive is an employee of the owners of the business. He has direct responsibility to his employers. That responsibility is to conduct the business in accordance with their desires, which generally will be to make as much money as possible while conforming to the basic rules of the society, both those embodied in law and those embodied in ethical custom.

Cashing In On Discounted Loans

When looking for sources of credit in this tight credit market, you might want to take a look at discount payday loans. These types of loans are set up for people who may not be able to get credit under other conventional means either due to bad credit or other factors. You do want to read the loan information provided by the lender that you choose, as the terms can differ across lenders.

Generally, the cash advance (as it is sometimes called) is provided upon verifying employment. Initial loans, for new borrowers, can be discounted payday loans in that they waive the $30 fee associated with the loan. Your credit history will not be checked. The initial loans are sometimes limited to smaller amounts like $300. After you understand the process, you can take out loans for a greater amount, however, it will still be a small loan of up to $600. These types of loans are perfect for emergencies like broken refrigerators and unforeseen medical expenses. They are not recommended for continuous use and there are even limits to how many loans you can withdraw in a year, in some cases.

The loan information given in your agreement will specify repayment terms. Ideally, you should repay the payday loan on the first paycheck cycle after you're taken the loan. This will keep fees down to a minimum. You can then get another loan later, after you're repaid the first. There may be limits on the number of loans you can withdraw in one year. If you want to get another free cash advance (no fee), then some programs will allow you to refer other people to the service and offer you a free loan for the referral. This is another way you can tap discounted loans for future use.

Trading - A Probability Game

You may accept the undeniable fact that the stock market can do anything at anytime. If you're not convinced, consider that there are millions of traders trading for establishments, funds, stockholders, stock traders, scalpers, etc all acting together in different time frames and using differing kinds of research. Fact : Trading isn't about guessing the future as it can't be done. If you agree this fact, then it is far easier to take losses without destroying your self confidence.

You take a trade, you affirm that you do not know what will happen next. You haven't any expectations this trade will become a winner. Here is an example of a chance game : let's assume I roll a dice : - I pay $1 every time I play - If I roll a three, a four, a five, or a six then I win $2. If I roll an one or a two then I do not win anything. Obviously, each time I throw the dice I don't have any concept what the result will be. But I know that for each roll the percentages are in my favor. In the long term, I am going to win 4 times out of six, that means that I'll pay $6 to win $8. I'm going to be a consistent winner if I play long enough. In mathematical terms, your anticipated win every time you play is ( four / six ) X $2 = $1.33 meaning $0.33 profit ( you pay $1 to play ) Another version of this game may be that you win $3 if you roll a four, a five, or a six, and nothing if you roll an one, a two, or a three. In this example the expectancy everytime you play would be ( three / 6 ) X $3 = $1.50 meaning $0.50 profit in the long term So how will we interpret this into trading? Everytime you shake the dice, you do not know the outcome, the same as for every individual trade.

But every time you throw the dice, you know the chances are in your favor to earn money, and you'll make money if you play long enough. So for each trade you enter, you have got to know the percentages are in your favor to earn money. As you can see in the second example, it doesn't mean that you've got to win more frequently that you lose. It also relies on how much you win when you win and how much you lose when you lose. How does one put the percentages in your favor? You've got to develop a trading edge using technical research, basic research, market internals, and so on. You've got to have a number of variables that has got to be present before you enter a trade and always use the same set of variables.

Your edge is your methodology to enter and exit trades and may be well outlined in your trading plan. All that may be summarised like the following : - For each trade you take, you do not know the end result, you agree that anything can occur, and thus you have got no expectation for that trade. - you have a belief in your trading method, that is you believe that for each trade you take the percentages are in your favor. - you suspect the result over a sequence of trades is comparatively certain and predicted. To go back to the dice example : will you get mad or feel dumb when you don't roll a winning number? No because with a dice you accept the incontrovertible fact that you can't know the result. You haven't got any expectation. Apply the same concept to your trades and save your self-confidence. This idea of treating trading as a chance game made a massive difference in the way I feel about losses. I learned about it in'Trading in the Zone' by Mark Douglas. I highly recommend this book.

An Option for World Trade

International deal is substitute of capital, commodities, and services across world frames or soils. In the most of nations, it being a remarkable percentage of gross domestic product (GDP). While world deal has been represented throughout lots of story (see Silk Road, Amber Road) the economic, social, and political importance has been connected the raise in new centuries. Industrialization, manufacturers, advanced transportation system, globalisation, transnational corporations, and outsourcing are all having a major impact on the transnational trade system.

Trading globally opens consumers and nations the opportunity to be exposed to commodities and services that are not available in their individual nations. Almost each variety of product can be checked on the global market: food, clothes, spare parts, oil, jewelry, wine, stocks, currencies and water. Services are as well traded: tourism, banking, consulting and transportation. A product that is dealt to the worldwide market is an export, and a product that is bought from the worldwide market is an import. Imports and exports are described for in a country's ongoing account in the balance of payments.

According to the U.S. Department of Commerce, strong companies reach up about 4 % of U.S. Exports which signifies that 96% of exporters are smaller companies. Why is world trade so strategic to begin smaller businesses? In numerous examples, the products or services you may care to market are not available or made in your domicile nation. For illustration, consider about trading cashmere sweaters. You may want to become an importer in order to compete with established products dealt by your competitors.

Online business can oftentimes start trading internationally with very little effort. The cyberspace has metamorphosed things. Your web site can be your store window in some number of nations. You don't need a physical front in every territory to deal there.

A Paper by Georgios Papastamkos, MEP on Transnational Trade on the cyberspace emphasised that the online circumstances for smaller and medium-size enterprises are especially great since they receive more chances to get across conventional commercial systems instead than they had even a last decade. Enterprises are effective to set up their cyberspace sale targets easy, speedily and at little cost, thereby achieving a higher level of fight.

If your business is operating in a niche, with a relatively smaller domestic market, looking to another nations can help you expand your audience with surprisingly little effort. And if your commodities or services attract to a bigger audience, moving into international marketplaces makes you the probability to touch a wide number of potency recent customers. It could really boost your receipts and earnings.

However, in a larger market there will be more competition from local companies. It can be heavy to match up on cost or fulfilment when shipping internationally, so you might let to modify your proposition to have an impact.

It's not only for manufacturer but for consumers are also receiving benefits by online trading,. Since they enjoy a very bigger choice between commodities and services, competitive pricing, lower living costs and a better excellent of life, they as well don't demand to go out to browse all products and services even from wholesale providers. They are today better able to compare productions and services since they take access more selective information on online trading.

How Tyler Perry rose from homelessness to a $5 million mansion

ON a warm and breezy Georgia morning, a tall, toned and down-to-earth Tyler Perry swaggers onto the front porch of his grand palace, dressed to the nines. The 34-year-old new-school playwright, who has, he says, made over $50 million writing and producing plays for the urban theater circuit, says that his 12-acre estate, nestled some 25 minutes outside of Atlanta, is a brick-and-mortar testament to the rewards of faith. Perry should know; in the not-too-distant past, he was jobless, penniless and homeless.

"I wanted this house to be vast. I wanted to make a statement, not in any grand or boastful way, but to let people know what God can do when you believe," he says. "I don't care how low you go, there's an opposite of low, and as low as I went I wanted to go that much higher. And if there was an opposite of homelessness, I wanted to find it."

The estate he named the Avec Chateau, a French phrase meaning "with home," is the opposite of homelessness and a lot of other things.

Valued at approximately $5 million, it perhaps can be best described as 16,000 square feet of paradise. The rear of the Chateau houses two "prayer gardens," a man-made waterfall, tennis court, amphitheater and a negative-edge pool that offers the illusion of crystal blue waters flowing into a stream.

Inside the Chateau, visitors encounter powerful, unpredictable decor that plays a melodic homage to the classic, contemporary, and even the medieval era.

The dominant theme in the foyer is medievalism with a life-sized knight in shining armor "guarding" the large double doors, and an equally threatening armored warhorse peeking around the corner.

An aristocratic marble floor, spiral staircase and square interior columns make a seamless segue into the front room where a cool gray wall blends easily with the blossoming crystal chandelier and the mahogany floor. Perry says the gray hue, like many of the other colors (and wood stains) throughout the house, was achieved by accident.