IMPACTS OF A BORDERLESS SOCIETY Essay Example | Topics and Well Written Essays - 1000 words

IMPACTS OF A BORDERLESS SOCIETY - Essay Example Historically, most perishable foods were produced and sold locally, as there was no way of efficiently transporting these products across long distances. However, the increase of technology and globalization has meant that food sold in one city is often produced in a different part of the country, or somewhere else in the world entirely (Halweil, 2002). It is now estimated that food travels 1,500 miles on average from when it is produced to when it is consumed. This includes food being produced on one side of the country and sent to the other, or being produced locally, transported to distribution centers a significant distance away and finally transported back to local supermarkets (Prentice et al., 2010). Another estimation considers that food has changed hands at least six times between where it was produced and where it is sold (Kloppenburg Jr., Hendrickson, & Stevenson, 1996). For the food components that were part of my meals, the initial stages of these products would have been produced on agricultural or dairy farms. For example, dairy products would have been used in the production of the cheese, milk and yoghurt. From that point, the raw product, such as milk, would be sold perhaps to a manufacturer or to a middleman who would later sell it to a manufacturer. The manufacturer (e.g. Yoplait) makes use of raw ingredients sourced from throughout the country and the world to create their product. Generally the manufacturer chooses suppliers that can produce a significant quantity, are reliable, and are low in price. The manufacturer may sell their product directly to suppliers, or may pass it on to a distributer. The distributer then sells the product to the store where it is to be sld to individual consumers, such as a supermarket. The number of steps would be smaller for produce and other products that do not require as much processing, however, I did

Does stakeholder theory provide a better basis for the development of Coursework

Does stakeholder theory provide a better basis for the development of Corporate Governance in the 21st century than agency theor - Coursework Example It is important to understand the meaning of corporate governance to be able to fully discuss its features. Even though there are different variables that come into play because of the different operating environments in different nations, corporate governance may refer to that process that leads to effective control, direction and accountability in organizations. As a result, corporate governance involves elements like control, co-ordination, direction and the checks and balances associated with management of organizations. In addition to the definition of the term corporate governance, it is equally important to point out that the practice has evolved over the years to become a more complex but essential feature for the success of contemporary organizations. The concept of corporate governance has been fast adopted in various parts of the world but with some major variations because of the different circumstantial variations of nations (Clarke 2004). Consequently, there have been d ifferent frameworks of corporate governance that have emerged as a result of this. However, there are two main approaches of corporate governance that can be identified. ... at had a tradition of common law like Australia, United Kingdom, USA, Canada and New Zealand developed corporate governance structures that focused on shareholders’ returns or interests. In their case, corporate governance was supposed to ensure that corporations achieved the objectives set by their owners. Consequently, the two main corporate governance approaches have been termed as insider and outsider approaches respectively. Having reviewed the background of corporate governance it is therefore important that the theories of corporate governance that have been put forth be discussed. Theories of Corporate Governance There are two theories of corporate governance that have been proposed by scholars and of which will form a basis for this discussion. They include the stakeholder theory and the agency theory as discussed below. The Stakeholder Theory Also referred to as the stewardship theory, the theory proposed by Freeman is based on the argument that organizations have a wider obligation of serving the general interests rather than just attaining the capitalistic goal of wealth maximization (Mulili and Wong 2011). The theory holds that firms are socially responsible to all parties that interact with it or those that are affected by the firms’ quest on achieving its set objectives (Freeman et al 2010). As a result, corporate are said to be socially responsible to their stakeholders, that is, the suppliers, employees, clients, shareholders, interest groups and the government among other industry actors they are directly or indirectly involved with. It has been noted that stakeholders are important to corporations because the manner in which they are handled determines their feedback (Gregg 2001). For instance, when they get more in terms of value or extra