23:10 | Author: sang pencari ilmu

If a firm athempts to maximize its fundamental. Stock price, is this good or bad for society? In general, its good. Aside from such illegal actions as fraudulent a accounting, exploiting monopoly power, violoting safety codes, and failing to meet  environmental standards, the same actions that maximize fundamental stock prices also benefit society. Here are some of the reasons:
  1. To a large extent, the owner of stock are society. Seventy- five years ago this was not true, because most stock ownership was concentrated in the hands of a relatively small segment of society, comprised of the wealthiest individuals.
  2. Consumer benefit. Stock price maximization requires efficient, low- cost businesses that produce high-quality goods and services at the lowest possible cost. This means that companies must develop product and sevices that consumers want and need, which leads to new technology and new product. Also, companies that maximize their stock price must generate growth in sales by creating value for customers in the form of efficient and courteous services adequate stocks of merchandise, and well- located business establishedments. People, increase product prices and gouge the public. In a reasonably competive economics, which we have, price are constrained by competition and consumer resistance.
  3. Employees benefit. There are cases in which a stock increase when a company announces a plan to lay off employees, but viewed overtime this  is the exception rather than the rule. In general, companies that successeful increase stock prices also grow and add more employees, thus benefiting society.                                      
          One of fortune magazine's key criteria in determining their list of most admired companies is a companies is a company's ability to attract, develop and retain talented people. Their results consistenly show high correlations among a company's being admired, its ability to satify employees and its creation of value for shareholders. Employees find that it is both fun and financially rewarding to work for successful companies. Thus, successful companies get the cream of the employee crop, and skilled, motivation employees are one of the keys to corporate success.

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00:14 | Author: sang pencari ilmu

To be successful, a company must meet its first goal; identifity, creating, and deliving highly valued products and services to its customers. This required that it possess all three of the key attributes; good leaders, good managers, and a good work force. Therefore, it's not these attributes. For example, courses in economics, comunication, strategy, organizational behavior, and human resources should prepare you for a leadership role and enable you to effectively manage your company's work force. Other courses, such as marketing, operation management, and information technology, increase your knowledge of spesific disciplines, enabling you to develop the efficient business processes and strong external relationship your company needs.  In particular, this finance course will enable you forecast your company's funding requirements and then describe strategies for acquiring the necessary capital. In short, your MBA courses will give you the skills you need to help a company achieve its kiist geal; producing goods and services that customers want.
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