Relativism, Multiculturalism, And Universal Norms - 866 Words

Ani Martirosyan Philosophy 305 Business Ethics Assignment #4 Chapter 8: Relativism, Multiculturalism, And Universal Norms: Their Role in Business Ethics The central thesis of Beauchamp’s argument is as follows: I argue that although a relativism of all moral standards is an untenable position, a lower-level relativism of moral judgment and multiculturalism are morally warranted. I conclude that there is a universal common morality, but that it allows for moral disagreement and legitimate differences of opinion about how to render universal norms specific for business contexts. Moral relativism is defined as the view that ethical standards and morality are culturally based and therefore based on a person s individual choice. Beauchamp†¦show more content†¦According to normative relativism, since the culture at Enron was to shred documents when litigation loomed, it was right to have shredded the documents. The set of norms shared by all people committed to morally constitute is called â€Å"the common morality.† The common morality is made of rules, virtues, and ideals. The following are rules of followed in the common morality: do not kill, do not steal, do not cause pain or suffering to others, be honest, prevent bad things from happening, obey the law, help people in need or danger, do not punish the innocent and nurture the young and the elderly. The common morality also holds standards of virtue that should be identified from norms of obligation. For instance: nonmalevolence, honesty, integrity, conscientiousness, trustworthiness, fidelity, gratitude, truthfulness, lovingness and kindness. All morally committed people share views about moral ideals, but they are not required of people. For instance, an individual who wants to outshine at their job, that individual wants to be the best at what they do. Particular moralities can be ignored by other important moral norms. For example, an employer will exclude a pregnant woman from certain jobs in the chemical industry in order to protect the unborn child from the hazard. Additionally, when people break promises they feel regret and try to make up for it by doing other actions. For instance, people notify others in advance

Properties of Ionic and Covalent Compounds

If you know the chemical formula of a compound, you can predict whether it contains ionic bonds, covalent bonds, or a mixture of bond types. Nonmetals bond to each other via covalent bonds while oppositely charged ions, such as metals and nonmetals, form ionic bonds. Compounds which contain polyatomic ions may have both ionic and covalent bonds. Identifying Bond Types But, how do you know if a compound is ionic or covalent just by looking at a sample? This is where the properties of ionic and covalent compounds can be useful. Because there are exceptions, you need to look at several properties to determine whether a sample is ionic or covalent, but here are some characteristics to consider: Most crystals are ionic compounds. This is because the ions in these compounds tend to stack into crystal lattices to balance between the attractive forces between opposite ions and the repulsive forces between like ions. Covalent or molecular compounds can exist as crystals, though. Examples include sugar crystals and diamond.Ionic compounds tend to have higher melting and boiling points than covalent compounds.Ionic compounds tend to be hard and brittle while covalent compounds tend to be softer and more flexible.Ionic compounds conduct electricity when dissolved in water while covalent compounds typically dont. This is because covalent compounds dissolve into molecules while ionic compounds dissolve into ions, which can conduct charge.

Andrew Jackson And The Removal Policy - 820 Words

The seventh president of the United States; Andrew Jackson, was not only notorious for his success as a general but also for his actions as president. The Removal Policy is still discussed today because of the question of whether or not the removal of Native Americans benefited them or not. The intent of Jacksons actions is controversial because it is not clear if he acted in the best interest of Native Americans or for white settlers. Robert Reminis writing Andrew Jackson and his Indian Wars he concludes that Jacksons removal act was the only way to protect the Native Americans from conflict with impeding settlers. Albert Cave writes in Abuse of Power: Andrew Jackson and the Indian Removal act of 1830, that Jackson broke promises†¦show more content†¦Action was necessary and accepted as rational by the American people because of their unsustainable racism and greed for land to expand their settlements. The intent was not to burden the Native Americans, but â€Å"Jackson f ully expected the Indians to thrive in their new surroundings, educate their children, acquire the skills of white civilization so as to improve their living conditions, and become citizens of the United States†(Remini 213). In order to become citizens of the United States the Indians were expected to conform to the societal normalities of the white citizens. Jackson put the removal act in place to diffuse conflict and encourage Native Americans to accept the American way of life as their new culture. The idea was to act in the most humane manner that would help both sides, not necessarily to disregard the Indians heritage or way of life. The Indian Removal Act was supposed to give Native Americans the option to stay on their sacred land, but they were driven out involuntarily anyway. Jackson did not abide by the Indian Removal Act passed through congress, which exemplified absolute abuse of his power as president. â€Å" In both houses of Congress, a substantial block of leg islatorsShow MoreRelatedAndrew Jackson s Indian Removal Policy1379 Words   |  6 PagesAndrew Jackson’s Indian Removal Policy Known as a highly regarded military general, Andrew Jackson was justified in his signing of the Indian Removal Act of 1830, because it allowed for the expansion of America by land acquisition and economic growth while at the same time protecting the culture of the American Indian tribes from total extinction. During the early 1800s, America, a newly born nation, was growing in a hurry. In order to compensate for this growth, America neededRead MoreNative American Perspective on Indian Removal Act807 Words   |  4 PagesIndian Removal Act which forced Native American tribes to move west. Some Indians left swiftly, while others were forced to to leave by the United States Army. Some were even taken away in chains. Andrew Jackson, the seventh president of the United States, strongly reinforced this act. In the Second State of the Union Address, Jackson advocated his Indian Policy. There was controversy as to whether the removal of the Native Americans was justified under the administration of President Andrew JacksonRead MoreAndrew Jackson Indian Removeal Policy Essay1197 Words   |  5 PagesWas Andrew Jacksons Indian Removal Policy Motivated by Humanitarian Impulses? Authors: Anthony F. C. Wallace, Robert V. Remini, A Summary By: History 2111 Summer 2011 A summary comparison of views regarding the Indian Removal Act of 1830, Was it an act of humanitarianism intended to help and save the Native American culture from the white settlers, as Robert V. Remini has argued? Or was his intent to destroy the tribal culture and to get rid of the Native Americans, as Anthony F.C WallaceRead MoreAndrew Jackson : Good President845 Words   |  4 PagesPresident Andrew Jackson Andrew Jackson helped to provide for a strong protection of popular democracy and individual liberty to the United States. Andrew Jackson known as the people’s president held a strong emotion in the states right’s which advocated to the increase of executive power. President Andrew Jackson was good for his country, because he provided certain decisions that helped form America into a better place than where it was before. President Andrew Jackson showed significant positivesRead MoreAndrew Jackson s Controversial Policy1449 Words   |  6 PagesAndrew Jackson’s decision to remove the Cherokee Indians is still a controversial policy debated by historians today. This policy was important because it represented a significant turning point in United States history. The Jackson administration’s decision to remove the Cherokee Indians to lands west of the Mississippi River in the 1830’s significantly changed the political policy pursued by the United St ates but continued the social and economic policies. The Jackson administration changed U.SRead More Jackson Should Be Removed From the Twenty Dollar Bill Essay944 Words   |  4 PagesJackson Should Be Removed From the Twenty Dollar Bill Awarded the prestigious honor to remain forever engraved on the twenty dollar bill, Andrew Jackson became a figure in American history never forgotten. Future generations of younger students will not need to know Andrew for them to assume he was a great man. Unfortunately, the ignorance of idolizing Jackson because he appears on American currency serves to blanket the realities of his administration. Jackson should be removed from the twentyRead MoreAndrew Jackson: One of the Most Influential Presidents of All Time 1712 Words   |  7 PagesAndrew Jackson’s influence on the politics of his time was remarkable. He was the only president to have an era named after him. He also changed the way this country was run and expanded the country’s borders. He changed much, but the four most important aspects of this era, in chronological order, were his victory over the British, his defeat in the presidential race of 1824, his successful presidential campaign in 1828, and his de cision to remove Native Americans to land west of the MississippiRead More Jacksonian Era: The Removal Policy Essay1177 Words   |  5 PagesAndrew Jackson, who was the 7th President of the United States, signed the Indian Removal Act in May 28th, 1832 and this policy granted Andrew Jackson the right to forcibly move the Native Americans to land west of the Mississippi. Even though â€Å"it is presumed that any explanation of Jackson’s purposes is an attempt to justify the mass killing of innocent people†¦Ã¢â‚¬  (Remini, 45) some would say his childhood affected him; seeing and hearing Indians Attacking places near his home. Or how he was the secondRead More Andrew Jackson Essay981 Words   |  4 PagesAndrew Jackson No one can argue that as a president, Jackson made no mistakes; however, they in no way disqualify him from having a place on the U.S. twenty dollar bill. Jackson made every decision according to the will of the American people, even the more unsavory ones. He was a war hero that exemplified the strength and tenacity by which America has defined itself over the generations. He acted in all ways with concern for the growth of the American nation, both at home and overseas. Even hisRead MoreThe Long, Bitter Trail1195 Words   |  5 PagesSamuel Pinkhasov The Long, Bitter Trail The Indian Removal Act was very controversial during its time, receiving influence from individuals, local, state and mostly by the federal government. This act gave the president, Andrew Jackson, the authority to make transactions with Indian tribes in the Southern region of the United States. The Indian Removal Act was a deal made by President Andrew Jackson with the Indian tribes, forcing them to leave their occupied land, which happened to be federal

Corporate Social Responsibility Ge - 1126 Words

1. Corporate social responsibility is defined in Chapter 5 as the corporate duty to create wealth by using means that avoid harm to, protect, or enhance societal assets. Did GE in the Welch era fulfill this duty? Could it have done better? What should it have done? By using the definition in the text book there is no question that GE created wealth. In the case study the author uses the example of an investor who put $100 into GE in 1980. If that investor would hold on to the GE stock that investor would have a return of $6,749 when Welch retired. GE under Jack Welch was the most profitable company of its time, but was the wealth it created socially responsible? Was GE looking at different ways to avoided harm to, protect and enhanced†¦show more content†¦Friedman felt that Governments should run social programs, not corporations. In the free enterprise system managers are responsible only to stockholders. Spending money on social projects wrongly appropriates money that belongs to the company. It also robs consumers, who must pay higher prices for products. Friedman argued that this is â€Å"taxation without representation.† Corporate Social responsibility threatens political freedom because it requires that companies perform political functions, gives executives political power, and opens business to evaluation by political criteria. Friedman also argued that corporations should not take on political and social projects outside of their economic expertise. Friedman Idea argues that the only social respon sibility companies have are to maximize profits while staying within the law. According to the case study Friedman’s ideas seems to characterize the attitude of Jack Welch while he was in Charge at GE. Welch concentrated on playing the competitive game, building dominant businesses, and making money. Although GE did give money to different causes and charities, never emphasized any social responsibility, and focused the company on only increasing the shareholders return on investment. Welch agreed with Friedman’s view that managers should give primacy to the interests of shareholders. 3. HowShow MoreRelatedEssay about Welch Case Study1466 Words   |  6 PagesCase This particular case discusses whether General Electric fulfilled its Corporate Social Responsibility under the leadership of Jack Welsh or if it just met basic obligations. It also displays the evolving idea of social responsibility in a corporation by contrasting the corporation’s actions during Welsh’s leadership and after Welsh retired. It is shown that Welsh had a classical economic view of social responsibility. General Electric followed a traditional business model while Welsh was workingRead MoreGe Case Study Essay1458 Words   |  6 Pages 1. Corporate social responsibility is defined in Chapter 5 as the corporate duty to create wealth by using means that avoid harm to, protect, or enhance societal assets. Did GE in the Welch era fulfill this duty? Could it have done better? What should it have done? I believe that Welch only fulfilled one portion of his corporate social responsibility duty. Financial results for GE show that Welch was very effective in directing a highly profitable company, but he did so at the expense of manyRead MoreThe Jack Welch Era at General Electric Essay example988 Words   |  4 PagesElectric (GE) for 20 years from 1981 to 2001. Jack transformed GE, taking a solidly profitable manufacturing company and turning it into an exceptionally profitable conglomerate dominated by service business. As such a big company who was running businesses for decades, GE has a lot of social responsibilities. Corporate social responsibility is the duty of a corporation to create wealth in ways that avoid harm to, protect, or enhance societal assets. I will analysis the social responsibilities of GE fromRead MoreCase Study: the Jack Welch Era at General Electric999 Words   |  4 PagesAnswer Did GE in the Welch era fulfill its social responsibility duty? Could it have done better? What should it have done? Chapter 5 in the text, Business, Government, and Society by John F. Steiner and George A. Steiner, corporate social responsibility is defined as the corporate duty to create wealth by using means that avoid harm to, protect, or enhance social assets. General Electric in the Jack Welch Era fulfilled its corporate social responsibility but by marginal measures. Yes, GE fulfilledRead MoreThe General Principles of Corporate Social Responsibility That Should Be Exercised by the Managers879 Words   |  4 PagesQ3. How well did GE conform with the â€Å"General Principles of corporate Social Responsibility† set forth in the section of that title in the chapter? Here some of the General Principles of Corporate Social Responsibility that should be exercised by the managers: 1. Corporations are economics institutions run for profit. This are their main responsibility, they are oriented to the financial incentives, and not in the term that have to be able to meet the social objectives without financial incentivesRead MoreCorporate Social Responsibilities Essay1603 Words   |  7 PagesOn September 13, 1970, Milton Friedman wrote and article, Social Responsibility of Business is to Increase its Profits. One of Milton’s theories suggested that the only legitimate incentive for a corporation to exist is to maximize its profits with its shareholders. As companies progress over time, so does the reason for the company existence. â€Å"What makes a stake holder?† Isabel Hilton (GE Stakeholders 2009) â€Å"What makes a stake holder? If you take a broad view of business then almost anyone whoRead MoreThe Ethical Decision Making Is A Vital Part Of The Foundation989 Words   |  4 Pagesorganization resulted in major collapses. The kind of decision making within companies such as Enron or WorldCom are the exact opposite of a company like GE that values ethical business practices. An important difference between these companies reflects the idea of egoism vs utilitarianism, or increasing individual benefits before the good of the whole. At GE, â€Å"[m]anagers at all levels are rewarded for their performance in meeting both integrity and business standards, and when violations occur, even managersRead MoreSocial Responsiblity-Jack Welch2421 Words   |  10 Pages1. Corporate social responsibility is defined in Chapter 5 as the corporate duty to create wealth by using means that avoid harm to, protect, or enhance societal assets. Did GE in the Welch era fulfill this duty? Could it have been done better? What should it have done? Jack Welch did make GE the most valuable company in the world. He was described as â€Å"the most important and influential business leaders of the 20th Century† by some Wall Street analyst. Nevertheless, Jack Welch as the CEO did notRead MoreEssay on Corporate Social Responsibility (CSR)3709 Words   |  15 PagesIntroduction This paper will discuss what major corporations doing with regard to corporate social responsibility. It will then investigate thoroughly five five major corporations which are leaders in community outreach and involvement: General Electric, DuPont, Motorola, ExxonMobil and Microsoft. Many large corporations are taking corporate social responsibility into account and making it a part of their everyday routine. Various companies have modified their ways of conducting day-to-dayRead MoreGeneral Electrics Corporate Social Responsability1758 Words   |  8 Pagescorporation of GE’s size, money would be its only concern. What I learned was that GE has a public image problem more than a Corporate Social Responsibility (CSR) problem. The company has been working to make the people of the planet more Earth friendly by creating technology that has higher efficiency with fewer emissions and lower resource demands. GE has a well-established strategy for Corporate Social Responsibility. As a result of CSR the company has reaped profit benefits as well as a perceptibly

Economics Analysis of Iphone free essay sample

iPhone 5 on the economy is discussed. As everyone already knows, we are still in a great economic recession. It is estimated, however, that the selling of the iPhone to consumers will add approximately 3 billion dollars to the US economy by the end of this year. Within this article, the concept of economic growth is prevalent. With the expected 3 billion dollars expected to be added to the US economy, this would add approximately 1/3 of a percentage point to our economy’s economic growth rate by the end of this year. Compared to the iPhone sales last year for the iPhone 4s, they added approximately . 1-. 2 of a percentage point to the country’s economic growth, which is less than the expected earnings of the iphone 5. The US economic growth rate for this year with the aid of the iPhone 5 is predicted to be somewhere between 2 to 2. percent. This is pretty weak, but factors such as the quality of the product, the quantity supplied, the quantity demanded, and popularity of the good nonetheless is contributing to the country’s overall economic growth. We will write a custom essay sample on Economics Analysis of Iphone or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Going back to the statement of this percentage growth is still pretty week, this is explained when Zandi explains that increased spending on iPhones would mean decreased spending on other things. This can be related to the concept of opportunity cost. For example, if Mary were to spend money on a $200 16GB iPhone 5, then she would have to give up buying those 2 pairs of shoes that she’s been eyeing down at the mall. Another economic concept demonstrated is the effect of quantity demanded of a good on one of its goods complements. With the sales of iPhones going up, then there would be an increased demand for iPhone cases, chargers, earphones, etc because they are complements to the iPhone itself. It is clear that the iPhone 5 is an incredibly popular product already and this article explains the effect of it on the economy today.

Physical Distribution & Logistics Management Samples for Students

Question: Identify Logistics Management strategies that enabled the Company to become Successful. Answer: Introduction Medical Devices Company (MDC) is a multinational company that is successful and innovative in manufacturing and distributing sophisticated medical devices that is used by surgeons in the operation room to treat patients. The cost of the individual range of products is very high and is around 2000 for the devices that are used on a larger scale. The company has two manufacturing plants for the European market, which is present in Ireland and Poland. The other products that are bought from other companies are all sold under the brand name of the company in all over the European market, as they are first moved in to the manufacturing plants of the company from where it is distributed in the market. Reason for the success of the company The logistics strategy is defined in the service level of the organization as it helps in making the organization cost effective in nature. The constant change in the supply chain management has helped in developing strategies with respect to logistics management and specifically in product lines, with respect to the countries and the specific customers (Gilmour, 2013). In developing a logistics strategy, the company needs to examine the objectives and the supply chain decisions that it had taken earlier to change the strategies in a proper manner. The structural issue of the organization needs to be examined properly so that the number of warehouses and distributive channels can be identified and the products that will be manufactured in their plant. The strategies also need to be based on the organizational excellence, which should help in reviewing the separate functions that are present in the organization (Hajiesmaeili et al., 2016). Company like MDC has to examine the components that will help in developing the logistics strategy. The company needs to consider the transportation facility as they have around fifteen warehouses that help in acquiring the products after it has been shipped from the other countries. These warehouses act as distribution centres to more than forty warehouses that are present in all the urban areas of Europe. The outsourcing of the company takes place in another forty warehouses where the sales representatives and the agents of distribution meet together to gather the inventories (Spillan et al., 2013). The competitor of the firm is Johnson Johnson who follows a high level of logistics strategy as the employees and the workers of the organization are very efficient. The company has warehouses situated all over the places and it is divided in to different sections that help in organizing the inventories in a better manner. The vendor compliance program that helps the rival company needs to be followed by MDC as well, as it will help in manipulating the current logistics environment. This has helped the rival company in keeping the error margin low, which may disrupt the supply chain. This will help in avoiding the inefficiencies in managing the freight, which might affect the internal process and the customers as well. The use of technology in the transportation system of the company like the competitor will help in downsizing the departments within the organization (Goldsby Zinn, 2016). Competitive advantage The competitive advantage is the ability to differentiate itself in the eyes of the customer by the organization. This will help in fostering the competition, as it will lower the cost of the organization, giving rise to more profit. It can be said that the competitive advantage arising from the cost and value advantage helps in giving a upper hand over its rivals (Palsson Kovacs, 2014). The cost advantage of the company is that they have to increase the volume of sales, which will help in improving the market share of the company. It is because of the low economies of scale by increasing the volume of sales. It is seen that most of the cost of the company is outside the warehouse and in the wider network of the supply chain. It is seen that the company has to maintain a better logistics strategy and supply chain management that needs to be efficient so that it will help in reducing the cost per unit (Rushton, Croucher Baker, 2014). The value advantage is another form of competitive advantage that the company y may get following an efficient logistics management. It helps in seeking additional values, which further helps to stand out amongst the competitors. This differentiation in value can be achieved through the strategies that help in adding value by segmenting the market in a proper manner. The main benefit that can be derived from this advantage is that it creates many opportunities for the company to work in specific segments with respect to differentiated appeals. Differentiation helps in achieving an advantage in the market by giving proper service to the customers (Prajogo, Oke Olhager, 2016). On combining both the advantages, it can be seen that the company needs to be a cost leader and lead in the service as well, which will help the company to gain the advantages in the market. the company needs to develop different logistics that will help in offering the services that they provide to the customers. The management of the company needs to identify the challenges that will help in identifying the logistics that will be required by the company to support the supply chain management strategies so that the company can become the leader of cost and service respectively. It can thus be seen that logistics and management of supply chain has a potential to help the company in achieving the cost and value advantage simultaneously (West, Ford Ibrahim, 2015). Competitive advantage of rival company Other companies can maintain competitive advantage if they follow these strategies and the company such as Johnson Johnson, one of the main rivals of MDC, follows integrative marketing where they use innovative solutions to increase the sales of the company. the company followed a policy that if the customers are not willing to go to the stores to purchase the product, the company would themselves reach to the customers by allowing them to do online transactions so that it will help in increasing the sales and increase the profit of the firm (Fernie Sparks, 2014). The company maintains a pipeline management system, which helps in integrating the technological changes in the organization so that they can respond to the needs of the new customers. They have redesigned their entire business process so that the strategies can be effective with the nature of work that is done within the organization. The company has improved the location of the shipments so that it is able to track the location of the goods when it is in motion. The use of Radio Frequency Tags and responders in their supply chain has helped in keeping a track of the goods so that the loss can be minimized (Marchi, Maria Micelli, 2013). The company uses information technology as it gives them a competitive advantage because of the way the people in the organization works. The company uses a new management approach that is focused on customer satisfaction, which helps them in improving the process in which the company offers better service at a lower cost. The company has a particular discipline through which the employees of the organization know what to do and how to do it so that it can be done quickly and efficiently. This helps the organization to follow a higher degree of standardized procedure because of the training that the company provides to the employees before hiring them (Schilke, 2014). Sustainability The operation in the supply chain that is related to the internal structure and external structure of the supply chain helps in being sustainable in nature. The supply chain management is inclusive of the six modules that include reasoning, standardizing, approaching to management, resistance, profitability of the organization and the motivation that is given to the employees. Sustainable management of the supply chain helps in extending the analytical scope from a single industry to a multiple number of suppliers and retailers (Ross, 2013). The operation of the supply chain and the framework of the manufacturing supply chain are based on the services, which is limited to the environment, economy and society. The advantage that it provides in the competitive market is that it makes the supply chain adapt and guide the requirements that are needed in the market for the survival of the company, as it helps in serving better quality products to the customers. The influence of the custom ers help in serving the customers in a better way so that the core elements in the supply chain helps in undertaking the social pressure, which includes the pressure from the government and from the customers. The customers have to be satisfied, as the company needs to deal with their complaints (Heizer Barry, 2013). The provision of the services and the production quality are the basic features of a product that is used in the service. The supplier of the company has the control over the needs in the supply chain that is sustainable in nature. As an example from the case study, it can be said that the company has tied up with others who sell their products under the name of the MDC brand, which has helped in using the integrative strategy in the company (McKinnon et al., 2015). Another major factor is the intensification of the labor force in the supply chain related to service as it makes the core competencies important to be responsible in the society and especially with the risk related to the supply chain. The supply chain that it oriented towards the service helps in dealing with the problem of the employees with respect to unemployment and medical treatments. The company makes sure that the employees receive the basic requirements, which will help in gaining their service for a longer period. The employees that are active participant in the service chain helps by taking up their own responsibilities and corrective actions whenever necessary (Blome, Paulraj Schuetz, 2014). Recommendations To survive in the European market, the company has to cycle the stock so that the transactional cost is reduced, which will result in reducing the average inventory. The company needs to reduce the order of the transaction costs so that the purchase orders can be generated automatically and by the machine. This will help in reducing the expenditure by lowering the cost that is related with purchase. It will further help in pre-planning the materials that will be required by the manufacturing plants that the company has all over Europe (Winter Knemeyer, 2013). The company will also have to lower the holding cost of the inventory so that it will help in utilizing the space that is there in the warehouse by proper handling of the equipment and better modes of storage. The logistics strategy will help in forecasting the models that will be helpful in reducing the mismanagement of the over stocks. It will help in eliminating the promotions that are non-recurring by compensating the out of the stock situations. The products that are manufactured by the company or are in the process of being manufactured helps in reducing the total inventory. The components of the products have to be assembled by the company so that the customers can purchase the final product. The company should not stock all the products as it would lead to over storage in the warehouses. This would lead to congestion and misplacements of the stock. If the company wants to hold on to the products for a longer period, then they should have a proper space, which will not be mixe d with the other inventories. The company while purchasing the raw materials needs to negotiate with the supplier so that they can get the best possible extended time of payment. This will help the company by keeping the flow of cash, as they can manufacture and sell the products to the company and pay the suppliers as well. The reserves of the stock by the company needs to be evaluated in a proper manner so that the company can keep an estimate of the materials and at the time of shortage can supply those products in the markets, which will help the company in maintaining a competitive advantage over other companies. The balance between the stock and the inventories has to be maintained so that it will help in effectively identifying the efforts of the company. Conclusion Thus, it can be concluded that the company has to follow the logistics strategy that will help them in managing their operations in an efficient manner. The strategies will help the company in managing their inventories in the best way possible so that it does not go to waste. It will increase the profits of the company, as it will help in keeping a track of the inventories. This will help in better management of the operations by the company. The techniques that are being used by the rival companies have to be adopted such as integrative marketing approach that will help in dissecting the market. This will give a competitive advantage to the company, as it will help in better management of the inventories. The use of skilled laborers in the organizations and giving them proper training so that they can understand the nature of work will help in smooth outflow of the products all over Europe that are being manufactured by the company. The employees of the company needs to know what i s their role and should be fixed in those respective department so that the movement within the organization will be fast and in an efficient manner. Reference List Blome, C., Paulraj, A., Schuetz, K. (2014). Supply chain collaboration and sustainability: a profile deviation analysis.International Journal of Operations Production Management,34(5), 639-663. Fernie, J., Sparks, L. (2014).Logistics and retail management: emerging issues and new challenges in the retail supply chain. Kogan Page Publishers. Gilmour, P. (2013). Benchmarking supply chain operations.International Journal of Physical Distribution Logistics Management. Goldsby, T. J., Zinn, W. (2016). Adding Relevance to Rigor in Research: The JBL Practitioner Panel.Journal of Business Logistics,37(4), 310-311. Hajiesmaeili, A., Rahimi, M., Jaberi, E., Hosseini, A. A. (2016). Studying the Influence of Logistics on Organizational Performance through a Supply Chain Strategy: Case Study in Goldiran Electronics Co.World Academy of Science, Engineering and Technology, International Journal of Social, Behavioral, Educational, Economic, Business and Industrial Engineering,10(4), 1042-1050. Heizer, R., Barry, R. (2013).Operation Management, Sustainability and Supply Chain management(Vol. 11). Pearson, UK. Marchi, V. D., Maria, E. D., Micelli, S. (2013). Environmental strategies, upgrading and competitive advantage in global value chains.Business strategy and the environment,22(1), 62-72. McKinnon, A., Browne, M., Whiteing, A., Piecyk, M. (Eds.). (2015).Green logistics: Improving the environmental sustainability of logistics. Kogan Page Publishers. Plsson, H., Kovcs, G. (2014). Reducing transportation emissions: A reaction to stakeholder pressure or a strategy to increase competitive advantage.International Journal of Physical Distribution Logistics Management,44(4), 283-304. Prajogo, D., Oke, A., Olhager, J. (2016). Supply chain processes: Linking supply logistics integration, supply performance, lean processes and competitive performance.International Journal of Operations Production Management,36(2), 220-238. Ross, D. F. (2013).Competing through supply chain management: creating market-winning strategies through supply chain partnerships. Springer Science Business Media. Rushton, A., Croucher, P., Baker, P. (2014).The handbook of logistics and distribution management: Understanding the supply chain. Kogan Page Publishers. Schilke, O. (2014). On the contingent value of dynamic capabilities for competitive advantage: The nonlinear moderating effect of environmental dynamism.Strategic Management Journal,35(2), 179-203. Spillan, J. E., McGinnis, M. A., Kara, A., Liu Yi, G. (2013). A comparison of the effect of logistic strategy and logistics integration on firm competitiveness in the USA and China.The International Journal of Logistics Management,24(2), 153-179. West, D., Ford, J., Ibrahim, E. (2015).Strategic marketing: creating competitive advantage. Oxford University Press. Winter, M., Knemeyer, A. M. (2013). Exploring the integration of sustainability and supply chain management: Current state and opportunities for future inquiry.International Journal of Physical Distribution Logistics Management,43(1), 18-38