09/29/13

Ethics vs. Profit

A requirement of business, alongside ethics requires a choice to be made. Firms make conscious decisions towards maximizing profits in lieu of an ethical counterpart. As globalissues remarks in the pharmaceutical industry, “diseases and illnesses affect the (most) poor” and thus are “ignoring this market because they can’t pay.” In order for the pharmaceutical companies to become arguably “ethical” executives must sacrifice a degree of profit from their product(s) in order to supply potentially life-saving medicine to people in need. Yet the companies themselves rely on profit for the production of their drugs that otherwise would not exist to theoretically save those who could afford the medicine. Thus, in any business there must be a degree of sacrifice between ethics and profit.

Is it possible then, to achieve profits alongside being ethical?

Communism embodies that very idea, the ultimate policy in social equality. Shared wealth, land and class, yet sacrifices all profits. Therefore, is the concept of capitalism entirely unethical whose entire purpose is to make a profit?

Opinions may vary upon the definition of ethics or what constitutes the superior form of government. However, I see it not as an argument discussing whether one thing or the next is more ethical than the last. But that in any situation it is appropriate to identify ethical issues and attempt to mitigate them in order to achieve the lowest degree of harm and strive for a balance between profit and morality.

09/22/13

The Winning Probability

I find it intriguing how incredibly unpredictable markets and business in general can be, where instating that something as concrete proof is just as big of a no-no in the world of business than it is in the sciences.

Turning to the business of markets, stocks and the general philosophy behind picking winners (the Apples and the Microsofts) drives the world of investment. This inherent desire, whether based off greed or some other factor has resulted in a general trend for the time and type of stocks people purchase. Buy when a given stock is on the rise and frantically sell when it begins to tank. A trend, provided by TheBigPicture below:

Sentiment_cycles

This is where my puzzlement begins, if the goal of stock investing is to gain a degree of capital return then why is the general trend to invest when the price is high and sell at a loss which few winners providing few with earnings. However, shouldn’t the most opportune time to invest be when a stock is on the fall? Surplus of stocks equivocated with a lower price equates to a higher potential loss/stock but mitigates risk and presents an increased opportunity for a winner to arise.

Though with that said, the only thing entirely predictable about markets, is their unpredictability. 

 

09/15/13

Toronto Rebranding is a Rap up

When the word brand comes to mind the first thing that comes to mind is product – the image I have associated with a particular product (both physically and physiologically.

However branding reaches far beyond the just the product world. People, organizations, teams all carry a unique identity, a brand association. The Toronto Raptors is one such team whom, as of recently is attempting to rebrand itself and the organization with its partnership of rapper Drake according to the NationalPost for the 2015-16 season.

Along with remodeling the team’s jersey design the Toronto-based newly “global ambassador” for the team brings his own charisma and brand to the team in an effort to spark excitement for the under performing franchise.

Rebranding an already known product (in this case experience) is typically unwise and unsuccessful however in the case of the Toronto Raptors I find it intriguing that  instead of repositioning their brand by modifying the inner workings of the team itself. The organization has outsourced a third-party members whom already embodies a distinctive and relatable brand-image as the centerpiece of the Raptor organization. Less to do about basketball and more to do about stardom. However, because of this, the organization is still extremely susceptible if the team remains under-performing as Drake has no quantifiable effect on the team’s performance come game time.

The Start Of A New Raptors Season Is Here