The Importance Of The Enlightenment - 1189 Words

The 17th and 18th centuries were filled with intellectualism, new ideas, and important discoveries. These events took place during the Enlightenment; a time period where reason and logic trumped the church’s ideas. The Enlightenment sparked new ideas about the government which got people thinking and questioning their rulers. Philosophers started to point out the flaws in government that common people used to look past, and these Philosophers started to come up with ideas that would help the government improve. Although the rulers in charge at the time were not fans of what these philosophers had to say, the people started to protest these ideas and stand up for what they believe in. With these new ideas circulating, a democratic†¦show more content†¦He believed this would be a good idea due to the fact that absolute power according to him was, â€Å"bound to result in arbitrary despotism,†(Montesquieu, 6). From Montesquieu’s perspective, absolutism was not a good idea because it gave a ruler complete power and with that power, they could do good, or be completely destructive. Also, according to Rousseau, the government corrupts people and the way they think; this is because people were listening to one person and one opinion at all times. Rousseau wrote a lot about the topic of the people not having any power compared to the rulers in charge and said, â€Å"Man is born free, and everywhere he is in chains,†(Rousseau, n.d). Rousseau believed that people were being given no power and were restricted because they had no say in what was going on. Absolute rulers were abusing the power they were given, and a democracy where no one person has too much power would be the only way to fix the problems at hand. Also during this time, people from all backgrounds started to become interested in the idea of democracy and the natural rights that they had. The idea of natural rights came about because of Locke, a philosopher who expressed the idea that everyone was born with certain liberties. Locke claimed that â€Å"Men being†¦ by natural all free, equal, and independent, no one can be†¦ subjected to the political power of another without his own consent,†(Locke, 5). Locke believed that people were born with certainShow MoreRelated Comparing Kant and Mill Essay913 Words   |  4 Pagesthat which leads to enlightenment (in Kant’s terms) and a general understanding and certainty, as Mill would put it. The two political philosophers, while both striving to reach the same goal, ultimately achieve their goals in a different sense, and even demonstrate a slight discrepancy in what they ultimately mean to attain. Mill’s path toward certainty and understanding is depend ent on dissenting opinion, and is asymptotic to truth; one never achieves the complete enlightenment that Kant describesRead MoreEnlightenment Rationalism and Romantic Subjectivism1187 Words   |  5 Pagesï » ¿Enlightenment Rationalism and Romantic Subjectivism In the eighteenth century social theories had a huge impact on individuals within a society. Two social theories in particular came to be during radical times. The enlightenment rationalism theory was based on human reason and rational thought. The romantic subjectivism theory was based on the importance of individual freedom with an emphasis on the subjective mind and culture. These two social theories were both highly influential during theirRead MoreRomanticism1649 Words   |  7 Pagessocial movement in the 17th to 18th century. However, as the 19th century began, Romanticism came into the light with a new perspective that intrigued the people. It stressed emphasis on emotions and imagination while also helping to realize the importance of self-expression. The American Romanticism movement illustrated inspiration, bias and predominance of individuals in the nineteenth century. Romanticism has a very small amount to do with events and manners traditionally thought of as romanticRead MoreEssay on The Enlightenment1246 Words   |  5 PagesThe history of Western civilization cannot be neatly divided into precise linear sections. Instead, it must be viewed as a series of developing threads that combine, interact, and, at various intervals, take pervasive shifts. The Enlightenment of the eighteenth century was one of these paradigm historical shifts, challenging the traditional notions of authority by investing reason with the power to change the human condition for the better. This ecumenical emphasis on reason and independent thoughtRead MoreImpact Of Enlightenment On The French Revolution878 Words   |  4 PagesI agree that the Enlightenment was force for positive change in society. The Enlightenment was one was the most important intellectual movements in History, as it dominated and influenced the way people thought in Europe in the late 17th and 18t h centuries. We will look at how it ultimately influenced the American and French Revolution which is still strongly governed by these ideas and principles today. The Age of Enlightenment was a European movement emphasizing reasoning and individualism ratherRead MoreEnlightenment And The Great Awakening814 Words   |  4 Pages In the 18th century, Enlightenment and the Great Awakening changed the idea of freedom for the colonists. The Great Awakening was a time of religious revival in the colonies. Enlightenment was an intellectual movement in the 18th century which emphasized economic and political freedom. American and British tensions grew in this time period due to Britain wanting America to be under the king’s control. Enlightenment, the Great Awakening, the Founding Fathers, and different social groups changed theRead MoreBenjamin Franklin As A Representation Of The Enlightenment1571 Words   |  7 PagesRepresentation of the Enlightenment The Enlightenment was largely a rational response to the 16th and 17th century Scientific Revolution, as well as major developments in philosophical thinking, such as ideas proposed by Rene Descartes. During the Enlightenment, thinkers emphasize rational and critical ways of thinking, rather than the complete reliance on religion that had been previously accepted. In many ways, Benjamin Franklin was the human embodiment of the Age of Enlightenment. Similarly to theRead MoreCompare And Contrast : Dogen And Hakuin1419 Words   |  6 Pageskoan practice of the Rinzai School, which focused on â€Å"observing the key word†. Dogen founded the Soto school of Buddhism in Japan, which stressed silent sitting and a gradual path to enlightenment. Hakuin was a major critic of Soto Zen and believed that it was a fixation on emptiness rather than a path to enlightenment. However, Hakuin did agree with Soto s accessibility to the common people since it was more popular among lower class pe ople. Both Hakuin and Dogen were important leaders and thoughRead MoreThe Enlightenment : Main Ideas Of The Enlightenment800 Words   |  4 Pagesfreedom was another prominent theme of the Enlightenment. By this, we mean the idea that man is endowed with certain liberties or rights. These rights were believed to have been granted by God and/or nature. Enlightenment figures typically espoused ideas of equality and human dignity. The Enlightenment had individual freedom with certain unalienable rights is very much in line with the Enlightenment concept about individual freedom.In addition Enlightenment philosophers main idea was too write aboutRead MoreThe Declaration Of The Rights Of Women1237 Words   |  5 Pagesemployment, and divorce. All of these principles relate to the Enlightenment idea because she is arguing for natural rights that many women back then were not given. De Gouges emphasizes that women deserve the right to have jobs and that they can equally fulfill the responsibilities that once belonged to a man. In the end of the â€Å"Declaration of the Rights of Women† De Gouges’ mentions a marriage contract which gives proof of Enlightenment thought because she argues that women should not have to stay

Mcdonald s Supply Chain Management - 2160 Words

Introduction McDonalds is one of the world’s leading fast food chain restaurants. It account for the total of over 30,000 restaurants in over 119 countries. All these McDonalds restaurants serve around 50 million people every day. There are ups and downs in every business. Every business has to face challenges over the time. Out of those challenges, one of the major challenges faced by McDonalds was supply chain management. Supply chain management involves creating a balance between minimising wastage as well as at the same time meeting customers’ needs. Wastage is reduced by two major steps:- †¢ Accurate forecasting (product is not ordered in excess) †¢ Accurate supply control of raw material. Supply chain management involves creating†¦show more content†¦The core role of this department was to communicate with restaurant managers on a regular basis and get updates on all the local events. This team then consider these factors and make best use of supplied information to forecast likely demand of finished menu items like Big Macs using new planning and forecasting system called Manugistics. This case study will cover how McDonalds manage its supply chain through its all new management system and what benefits does this brings to them. Different Types of stock Stock can be any physical product a company buys, creates or sells. Stock can be differentiated into three different types:- Raw material- Raw materials and any ingredients used by McDonalds that will go into producing the finished product. For McDonald s, these will include the buns, beef patties, paper cups, salad ingredients and packaging. These are delivered to the restaurants between 3 and 5 times a week. The raw materials arrive together on one lorry with three sections so that each product can be stored at a suitable temperature. The three sections are: †¢ Frozen (raw materials need to be stored frozen i.e., below -18 ° Celsius) †¢ Chilled (food items which requires temperature to be below 4 ° Celsius) †¢ Ambient (items that can be stored at room temperature) Work-in-progress (WIP) Work in progress refers to stock that is used in the process of making final product by making use of raw material. For example, a Big Mac consists of bun, two beef patties,Show MoreRelatedMcdonald s Supply Chain Management Essay929 Words   |  4 PagesSupply Chain Management in the Service Industry Firms such as McDonald’s and Wallmatt, which operate in the service industry, have branches internationally and nationally. They open stores in various regions of the globe with the primary objective of providing their target client’s with seamless experiences while utilizing this opportunity to expand their business in emerging markets. Compared to manufacturing industries, intangible sales characterise service industries as they greatly rely on people’sRead MoreFood And Beverage Industry : Supply Chain Management1123 Words   |  5 PagesINTRODUCTION: - Food and beverage industry today has become one of the most competitive industries in the world. Recognizing that supply chain management is a core strategy and achieving world class performance in this strategy by developing and managing supply chains that provide flexibility, response time and delivery performance that exceed the competition is a key to survival in the food and beverage industry. The largest production sectors of food industry are brewing, milling, baking, confectioneryRead MoreBig Macs Supply Chain Success1548 Words   |  7 PagesBig Mac s supply chain success The seed of McDonald s success was sown in 1990 - six years before it started its actual operations. Sanjeev Bhar traces its supply chain management that played a vital role in its growth. About two decades ago, the QSR wouldn t have meant much to the Indian FB segment. Today, the acronym has been seamlessly absorbed in the industry lingo. McDonald s, arguably, one of the first brands that left a strong imprint on the Indian QSR history, has much to do with thisRead MoreMcdonalds Supply Chain1511 Words   |  7 PagesIntroduction Supply Chain is one of the critical factors for the smooth functioning of any business in the world. When talking about fast food restaurant or business, McDonald’s Supply Chain model is one of the highest precisions. It is this unmatched Supply Chain Structure, which not just ensures on time delivery of raw materials and supplies to McDonalds but also enables it to cut down on its cost and maximize profitability along with maintaining highest quality standards of its products. FromRead MoreOperations Management for Mcdonald963 Words   |  4 Pages[pic] University College Dublin National University of Ireland, Dublin Bachelor of Science Operations Management Pre course assignment Intake: BSc14L Student Name: Wu Linlin Student Number: 10287698 Lecturer: Professor Brian Fynes Dr. Chang Chen Sheng Date of Submission: 21 February 2012 For the fast food chains, it is no doubt that McDonald s is successful in the world. It is known to all from children to elder. This is closely relevant to organizationRead MoreCompare the Quality Management of Mcdonalds Restaurants and Kentucky Fried Chicken1240 Words   |  5 PagesA) The Management of internal culture, morale and development of staff As business evolves and customer service standards are set ever higher, it is no longer possible for the training of frontline staff to concentrate solely on providing specific skill sets or outlining required practices in the workplace. Nowadays, employees must also be shown how to develop the desired mindset, so that they can then be trusted to use their initiative when solving problems and interacting with clients. BothRead MoreStudy The Internal Resources, Capabilities, And Activities Of Firms993 Words   |  4 Pageshow that firm is realizing its competitive advantage(s) in the industry through these three factors. This information can then by utilized by the firm itself to continue to build on these competencies and continue to develop them into higher levels of competitive advantage. Other firms can exploit this information to imitate or perfect this company’s advantages for itself. Discussion Question 4.2 Conduct a value chain analysis for McDonald s. What are its primary activities? What are its supportRead MoreProduct Life Cycle : A Product857 Words   |  4 PagesProduct Life Cycle – Stage of decline The Stage of Decline is the final stage of the Product of Life Cycle. Which is if the product is not making money or the expenses are more than the profits, they pull the product. (Product of Life, 2011) McDonald s SWOT analysis 2016 Being one of the most favorite fast food places in the world, McDonald’s is a brand which will hardly can be missed by anyone. The SWOT of McDonald’s discusses the reasons that the firm has been able to achieve this height ofRead MoreAnalysing Mc Donald’s Supply Chain Management1742 Words   |  7 PagesSupply Chain Management according to Tom Mc Guffog is Maximising added value and reducing total cost across the entire trading process through focusing on speed and certainty of response to the market. Supply chain management is one of the important area which requiring strategic planning in a business enterprise. Planning and decision making are required right from the production of goods till the goods reach the ultimate consumers in the most cost effective and timely manner. 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Australia Had To Consider Interpretation â€Myassignmenthelp.Com

Question: Discuss About The Australia Had To Consider Interpretation? Answer: Introducation In this case the federal court of Australia had to consider the interpretation of the duty of care and diligence which the directors owe toward their companies under the provisions of section 180(1) of the Corporation Act 2001 (Cth) (CA). The judges in this case had to determine whether two directors who were also the only shareholders of the company can be held liable for providing detrimental financial advice to the clients of the company in relation to section 180(1) of the CA. In this case Storm Financial Limited (Storm) were the defendants and the Australian Securities and Investment Commission were the plaintiff. Storm held an Australian financial services license and indulged in providing financial services to clients on the basis of a model which had been developed by one of its directors. The model provided for borrowing of the clients against the equity they had in their homes, so that they could obtain a margin loan through the use of such funds in order to make an investm ent in index funds along with the establishment of a cash reserve[1]. The court had to determine whether such actions indulged into by the directors accounted to the breach of duty under Section 180(1) of the CA[2]. Applicable law The major law which was applicable in relation to this case is Section 180(1) of the CA. According to the section a director or any other officer of the company has to discharge their duties and use their powers through the application of appropriate level of care and diligence which would have been implemented by a reasonable person if they were in the shoes of the directors or officers of the company. The section further reads that for the contravention of this section civil penalties prescribed by section 1317E of the CA are applicable[3]. Submissions made by the parties The directors of Storm made a submission before the court that the model used by the company was viable and the contraventions made by the company could not be foreseen by a reasonable person. The various submission made by them on this issue consisted that the company that many professionals which included lawyers and financial advisers had been advised by the company. It was also submitted by the company that they had been subjected to review by ASIC, Compliance professionals along with its non executive directors. Reliance was also made b y the directors to the fact that during the ten years of its history the financial index off the company had never fallen. It was also submitted by them that the only real reason for the failure of the model was the Black Swan event namely GFC. However it was not alleged by the ASIC that there was a flaw in the model used by the company if it could have been considered as aggressive. The submission made by the ASIC related to contravention relate d to the model only to the extent it included a particular class of people. The ASIC submitted that the duty under 180(1) was breached by storm. It was provided by the ASIC that the duties had been breached by the directors when the company was solvent, the two directors were the only shareholders and directors of the company and there was no dispute in relation to the management. Other issues which were adjudged by the court in relation to this case are whether an actual breach on the part of the directors was needed to contravene the provisions of section 180. The claim made by ASIC was based on the fact that the directors had actually breached the provisions of the CA as a stepping stone towards section 1801(1). The court expressed that there was serious doubt on the submission that an actual breach was mandatory to constitute the contravention of section 180(1) however the proceedings of the courts have been done on this basis. Thus the submission of the ASIC had been rejected by the court which stated that the actual breach by directors was necessary to contravene section 180(1) of the CA. It was submitted by the directors of storm that the duties existing under section 180(1) were solely owed to the company. To the contrary it was submitted by the ASIC that the a norm of conduct is prescribed by the s180(1) which is different from the benefit of the corporation so the duty extends to the world at large. The submissions of the directors had been accepted by the court, however it noted that the interest of the corporation must not be interpreted in a narrow manner and thus must not be restricted to the interest of the shareholders alone and in addition not only financial losses but reputational damages are also considered as losses for the corporation. It was in addition submitted by the director that a director who is the only owner of the corporation is not liable to the contravention of section 180(1) of the CA. the basis of the submission was that the shareholders and the directors have the sole right to determine the risk the corporation should take in order to make profits. The directors submitted that sole directs cannot breach section 180(1) as it is implied that the ratification of the act can be done by the directors where they are the only shareholders. The submission of the directors in relation to this point had been rejected by the court. The court in relation to the submission ruled that such submission cannot be supported as per the wordings and context of s180 (1) of the CA, and thus could not be authorized. Acts which are not consistence with the CA may be authorized by the shareholders but they have no power to ratify them. Decision of the court: It was found by the court that directors of storm had contravened the duty owed by them under section 180(1) of the CA. The assertion of the court was based on the fact that a reasonable director in the same circumstances would have been aware that the sections of the CA would be contravened in the given situation and would bring detrimental consequences for the company. The test as provided by section 180 (1) of CA was applied by the court to determine whether reasonable care had been exercised by the directors in relation to the discharge of their duties. it was provided by the court that in order to properly implement the test all circumstances related to the cases have to be taken into consideration which included the foresee ability of the risk of harm with respect to the interest of the company, the degree of the harm the benefits arising out of the directors conduct and the burden imposed on the company to mitigate the foreseeable harm. It was found by the court that the Corporation Act had been breached by the directors of storm as they provided financial services in accordance to the model in context to clients of a vulnerable category which had been highlighted by the ASIC and this can be said because: A director who would have acted reasonably in the same circumstances which the company was in, along with considering the duties of the existing directors of storm would have had the knowledge that it is very likely that the sections of the CA would be breached if he or she used his or her powers to permit or cause the model provided by storm to be made applicable on the clients who were pleaded in class by the ASIC and specifically those investors who neared retirement or retired with limited assets and income. It was provided by the court that the breach which the company was alleged with was not only foreseeable but any reasonable director in the place of the existing directors would have considered them as most likely. It was further analyzed by the court that the conduct which the directors indulged in was a singular breach of each of their duties and not many breaches consistent with the count of investors who made up the classes of vulnerable investors. It was further conceded by the ASIC that only one breach had been made by both the directors. It was considered by the court that although the directors acted honestly, and had a genuine views that genuinely held the view that capital loss could never occur with index fund investment in the Storm model, it would not be possible for them to evade the liability under section 1317s of the CA as they had significant roles to play in the company along with seriousness of contraventions of the storms. The issue of liability had only been dealt with so far by the judges in relation to this case and further proceedings would be held in order to determine the liabilities of the directors. The case signified that the directors of the company which is solvent and where they are only shareholders are liable to breach the duty of care and diligence if their actions contravene the provisions of CA. It is further provided by section 136(3) that a special resolution would not have any effect if the constitution of the company has a further requirement which has to be satisfied in order to modify or repeal the term. In addition section 136(3) states that the further requirement as described in 136(3) can also be modified but only if the requirement is complied with[5]. Section 232 to 234 of the CA deal with operative conduct of affairs directors of the company. As provided by section 232 the court has authority to provide any order with respect to Section 233 in case the activities in relation to the company or a proposed or actual actor omission or a proposed or actual resolution by the company members is either detrimental to the benefits of the members of the company as a whole or unfairly prejudicial oppressive or discriminatory with respect to a member or members within any capacity[6]. What is actually an affair of a body corporate is defined in section 53 of the CA. The section can be summarized by stating that any actions taken in relation to the company can be deemed as affair of the company[7]. Section 233 of the CA states that any order can be made by the court in relation to circumstances provided under section 232 which may include the winding of a company, modification for repairing the existing constitution of the company, restraining and director from engaging a specified act, on providing orders requiring a person to do a specified act[8]. As provided by section 234 of the CA any member of the company holding in shares is eligible to obtain order under section 233 even if such member in certain circumstances have ceased to be the member of the company[9]. Application: The constitution of Koala through its close 9k provides that Kenny, Keith, Khalid and Kylie has to be the directors of the company at all times. A provision of the Constitution of a company can only be changed through the passing of the special resolution. A special resolution is passed by two third majority of the total members. In this particular case where there are four directors the directors other than Kanye have the power to pass a special resolution. In addition, according to the provisions of section 136(3)of the CA even a special resolution is not valid if an existing provision of the Constitution is not complied with. Therefore as the constitution of Kuala provides that all for directors have to be the directors of the company all the time. The other the directors do not have the power to remove Kanye from her position as Clause 9k clearly states that the four must be the directors of Koala all the time. In addition the actions which the directors are indulging in to raise the capital of the company and not Kanye the opportunity to be a part of such raise can be seen as oppressive action on the part of the other three directors with respect Kanye. This action is set to provide the other three directors an increased shares in the company which would lead to proving them increased control over the affairs of the company. They also had the duty to consult Kanye while such decision was being made as all executive directors of a corporation has the right to be consulted. Another operation action which has been identified in this scenario is that the other three directors have suspended providing dividend on shares and increased their salaries. This action taken by the directors can bring significant detriment to the position of Kanye as a shareholder of the company as not only would Kanye be able to receive dividends with respect to the profit made by the company, the best interest of the company would also not be ensured as the other three would charge a high remuneration. Conclusion Thus, in the given circumstances Kanye has the right to bring and action against the other three directors for a legal amendment of the constitution in relation to section 136(3), along with action for oppressive conduct against members under section 233 of the CA A director is a person who is entrusted to take care of the functions of a corporation. They are impossible several rights and responsibilities in Australia through the Corporation Act. In relation to this particular scenario three specific duties of directors as provided to Section 181 to 183 of the CA are discussed in this section along with a few case law examples setting out actions of directorsin relation to a company. Section 181 of the CA clearly sets out that the actions of the directors towards the Corporation must be in good faith and to ensure best interest of the corporation. The duty of best interest is interpreted by the court in broad aspect. The directors must always be honest towards organization they are managing and their actions should always be streamlined towards ensuring the best possible result for the company[10]. Section 182 of the CA expressly sets out that no director of the company has right to use the position they are in in such a way so as to bring detriment to the existing company. Is there is any conflict of interest it is the duty of the directors to always inform the other directors about such interest and to give priority to the benefits of the company over personal benefits. The duty not to use the position in an in proper way can be contravened by the directors even if they did not have the intention to do so[11]. As provided by section 183 of the CA any information which the directors of the company can access and relation to that company should not be used by them to give any personal benefit at the cost of the company[12]. As provided by the case of ASIC v Vizard[13] the director who used the confidential information obtained from the organization managed by him Contravened section 183, 182 and 181 of the CA. This was because the information was used improperly to gain personal benefits at the cost of the company. In the case of Cassegrain v Gerard Cassegrain Co Pty Ltd[14]it was found by the Court that the directors of the company violated the duty to act in its best interest and not to use position information in in in proper way by selling the shares of the company at a low cost to their wife and daughter respectively. It has been provided by the scenario that two out of four directors of Koala namely Keith and Kylie have taken the initiative to form a new company named Koala 2. The new company is dealing with one of the same products which is dealt by Koala. They decided to sell souvenirs which was also sold by Koala into the foreign markets by purchasing it from the local and making massive profits. As the directors of Koala it was the duty of Keith and Kylie to acting the best interest of Koala. In the circumstances the best interest of Koala would have been insured is both the directors would have taken the initiatives to sell the souvenirs in the foreign market under the name of Koala. However such actions were not taken by them and therefore the duty to act in the best interest of the company provided to Section 181 of the CA was violated by them. In addition they also used the position and information they gained access to as the directors of Koala. If they would not have been the directors of Koala they would not have had the information about selling such souvenirs which was related to the business of Koala into the foreign markets. Thus it can be provided that Keith and Kylie have violated section 182 and 183 of the CA by making improper use of position and information of the company As discussSubmissions made by the partiesed in the cases above under no circumstances can the directors act in such a way which would bring detriment to the company for personal benefits. The actions which have been indulged into by Keith and Kylie of opening a new company under the name of Koala 2 is deemed to bring detriment to Koala as it would not be able to make the profit it is entitled to. Therefore Kanye or Khalid can bring actions against Keith and Kylie for the breach of section 181 to 183 of the CA. The bridges of this section results in civil penalties as provided under section 1317 E of the CA. Criminal penalties are also applicable to these sections if it is found that the directors were fraudulent or reckless towards reaching the provisions of section References ASIC vStephen WilliamVizard[2005] FCA 1037 Australian Securities and Investment Commission (ASIC) v Cassimatis (No. 8) [2016] FCA 1023 Cassegrain v Gerard Cassegrain Co Pty Ltd [2015] HCA 2 Corporation Act 2001 (Cth)