Business in Literature Essay Example | Topics and Well Written Essays - 1500 words

Business in Literature - Essay Example In the novel The Ladies Paradise, the new recruit Denise is not used to displaying her salesgirl charm and feel violated, defenseless and naked because she is treated like a machine for modeling clothes. The job requirement was that the women had â€Å"to be attractive for the sales rooms† she consents to be attractive according to the stores standards to the leering men and the unethical Monsieur Jouve who would harass the girls that worked in the store by forcing them to buy into his good-will and making sexual advances towards them which was seen as a privilege given his position as the owner. This goes against the moral concept of the market as the Monsieur is only seeking to maximize his profit in this case his sexual gratification. The fulfillment of self-interest will contribute to the common good in the market according to John Stuart Mill; the Mauss theory acknowledges that the market cannot ignore the ethics of self interest in the market. His anthropology is based o n the aspect of giving and receiving in the market as a basis for social integration that is important in the economic interactions. Honesty and respect acknowledges the morality of exchange and interdependence of social relations in the market. Mauss anthropology emphasizes that responsibility is a fundamental constituent of ethical subjectivity therefore responsibility for other human beings legitimizes economic actions. Tono Bungay novel offers an ethical critique of the impact of the late nineteenth century capitalist modernization in the homeland. The story also traces the effects of the accelerated economic transformation to the social arrangements and classes in the society. The ethical dilemma arises where the aristocrat society subjects the bourgeoisie to exploitation and machinations in entrepreneurship. There is a struggle of capital and labour. This also describes the modern

The collapse of HIH (Australian Insurance company) Essay

The collapse of HIH (Australian Insurance company) - Essay Example Moreover, analysts were concerned with the increase in the capital adequacy requirements in favor of the insurers. It was basically a proposal by Australian Prudential Regulatory Authority (APRA) in 2000. (A Chronology of Key Events, n.d) This was followed by selling part of domestic business to German based Allianz at about $500 million. The same year also saw the tumbling of share prices reaching to the lowest ever. Markets blamed the Allianz deal. The following year saw the most heartening part of HIH as it estimated $800 million loss and enters into a position of provisional liquidation. Both Australian Securities & Investments Commission (ASIC) and Royal Commission after analyzing the documents finally forced the company to close down its operations which marked the collapse of one of the biggest corporate ruins in Australia. (Kehl, 2001) Many would opine the fact that the sudden demise of such a huge insurer firm is generally due to its aggressive business strategies. It has moved on to acquire FAI and within a year or two it has again made a move to sell off its part of business to Allianz. Also another most remarkable part of the story is regarding its subsidiaries. The company recorded to have more than 200 subsidiaries world-wide. This extensive creation of subsidiaries has affected the business as a whole. With such expansion policies and an average of 26% a year of growth, the company struggled hard to find its way through as the market was experiencing enough competition especially from its overseas operations in UK and US. (HIH Insurance, 2001) Even one of the prime liquidators of HIH, Mr. McGrath also opined that the FAI Insurances were of no value when HIH bided for $295 million. (Sexton, 2009) The main motive that is to be considered in acquiring FAI Insurance by HIH was to make a significant mark in the Australian insurance industry. Therefore in 1995 the