Makeup Of 527 Organizations Discussion University Essay Example

Sustainable political and financial trends largely influence the activities of organizations and groups involved in the national economy. The analysis of 527 organizations presented in the considered lists allows for identifying the relevant factors that reveal the functioning of numerous companies (527s: Advocacy Group Spending). Based on the current dynamics of work, organizations associated with liberal and democratic activities are the most represented, while companies operating in narrower sectors, such as industrial spheres, are underrepresented (527s: Advocacy Group Spending). Along with the proposed classification items, the organizations reviewed can be grouped in accordance with such criteria as support for political parties, budget replenishment mechanisms, or share of market coverage.

While looking at the names of the organizations included in the list in question, this is not always possible to unambiguously say what direction a particular business is in and who it represents. For instance, ActBlue, considered one of the most successful companies in its niche, supports fundraising for the needs of liberals, which is obvious from its name (527s: Advocacy Group Spending). At the same time, such a company as EMILY’s list is not immediately identifiable as a project to encourage the involvement of women politicians (527s: Advocacy Group Spending). However, when considering the names of some of the organizations, it becomes clear that many of them function primarily as companies that support two major political parties. For instance, liberal-democratic projects related to the transformation of outdated regulations and legislative frameworks often have the words “new,” “progressive,” or some others in their names (527s: Advocacy Group Spending). Conservative groups, on the other hand, often include the words “republican” or “conservative” in their names (527s: Advocacy Group Spending). This suggests that companies tend to reflect the relevant political preferences that characterize their activities.

Work Cited

“527s: Advocacy Group Spending.” Open Secrets.

Ethical Considerations Of Coca-Cola Company

Introduction

Coca-Cola is one of the most famous companies in the international market. The brand has consistently demonstrated a strong focus on the market and decision-making to satisfy its customers. Almost in all restaurants worldwide, customer encounters Coca-Cola drinks, such as Sprite and Fanta. Moreover, Coca-Cola promoted itself almost in all countries, increasing brand recognition and loyalty (Ferrell et al., 2009). Indeed, the company has faced specific issues concerning ethical considerations. It is vital to scrutinize why Coca-Cola has had multiple ethical problems over the last decade and what the company can do to recover its reputation and resolve problematic considerations.

Discussion

Over the last decade, Coca-Cola has had to withstand severe ethical crises. The company strived to complete its financial goals and could not manage specific significant issues, such as racial discrimination scandals and financial manipulation. In 2020, some sources promoted the idea of Coca-Cola being ‘anti-white’ (The Indian Express, 2021). Moreover, it is stated that Coca-Cola violated contracts with stakeholders in the 2000-s, which led to the company’s vulnerability, as one of the stakeholders decided to leave the company. In addition, the history of Coca-Cola’s competition with PepsiCo made Coca-Cola more assailable, as companies started to rival personally, accusing each other of financial fraud and inappropriate behavior.

At the beginning of the 21st century, a chain of adverse events connected to customers’ poisoning with carbon dioxide happened. The expertise documented the crucial manufacturing mistake; Coca-Cola had to reveal the truth and comment on the situation. Apart from the poisoning scandal, the company faced the issue with the Belgium market, where Coca-Cola was accused of illegally strengthening its market share (Ferrell et al., 2009). In addition, the recent incident with Cristiano Ronaldo at Euro 2020 press conference made Coca-Cola suffer significant financial losses. Ronaldo replaced Coca-Cola with pure drinking water; his gesture made Coca-Cola’s shares fall (IndiaTimes, 2021). It is vital to remember that Coca-Cola is the official sponsor of the Union of European Football Associations, and the incident directly influences the image of Coca-Cola as a sponsor.

One of the analysts claimed that Coca-Cola could repeat the fate of Enron, which collapsed several years ago. Today, it becomes possible to see that Enron failed to resolve ethical questions such as financial fraud and hiding debts from investors (Silverstein, 2019). Moreover, weak organization and corporate culture led Enron to collapse, ending its heyday. The collapse of Coca-Cola is probably impossible, as its organizational culture and brand image are too strong to fail the whole corporation. Although COVID-19 influenced the entire supply chain of Coca-Cola, undermining its usual manufacturing and distribution, the company took certain actions to provide supply chain continuity (Westfall, 2020). The company attempts to recover the chain of supply and distribution and, at the same time, tries to treat its workers properly. Coca-Cola is famous for its ability to resolve problems quickly; indeed, it might be painful for its brand image.

Furthermore, some rival companies claimed that Coca-Cola’s promotion strategies were excessively aggressive, leading to other companies’ vulnerability and displacement in the market. It probably happened due to worldwide recognition of Coca-Cola by customers, and, being in a restaurant or café, they choose a famous drink instead of an unknown one. The obesity crisis in China influenced global Coca-Cola’s funding, even though the company’s message is to promote a healthy and active lifestyle (Boseley, 2019). One more incident is currently taking place: bloggers on YouTube accuse Coca-Cola of producing acid water. A recent scandal with Dasani water, manufactured by Coca-Cola, undermined the company’s reputation, demonstrating the acidity of Dasani and its harmful influence on the human organism (Demond, 2020). Currently, Coca-Cola has not presented its official answer to this issue.

Coca-Cola had to manage multiple ethical considerations at once. Probably, the company had to withstand numerous problems because of its largeness: people were expecting excellent work inside and outside Coca-Cola; indeed, tracking all stages of manufacturing and promotion might be difficult. Coca-Cola is a giant company that provides millions of people with workplaces. It can be complicated to properly monitor the activity of manufacturers, distributors, PR managers, and other workers. In addition, over the last decade, there has been a tendency to pay extreme attention to ethical considerations. Many famous companies face the problem of discrimination and improper treatment in the 21st century and have to manage these issues. Therefore, it might be suitable to claim that Coca-Cola is not the single company that has to deal with ethical issues.

Conclusion

Overall, there are several ways in which the company can recover and avoid crucial mistakes. Coca-Cola should stop rivaling aggressively with other companies and control its brand image better to mend its reputation and prevent future dilemmas with stakeholders. Additively, the company can provide intermediaries with specific contracts, ensuring both sides have satisfactory terms. Clarity and transparency are issues that might raise stakeholders’ trust. For instance, Enron hid debts from investors, leading to a colossal collapse. Thus, one of the recommendations for Coca-Cola is to implement a transparent system of financial tracking for investors and intermediaries. Additively, Coca-Cola might pay more attention to building a more robust organizational culture to prevent its collapse.

References

Boseley, S. (2019). Coca-Cola influences China’s obesity policy, BMJ report says. The Guardian. Web.

Ferrell, O. C., Fraedrich, J., & Ferrell, L. (2009). Business ethics: Ethical decision making & cases (7th ed.). Cengage Learning.

Silverstein, K. (2019). Enron, ethics and the slow death of American democracy. Forbes. Web.

Westfall, M. (2020). Ethical and sustainable sourcing during COVID-19. The Coca-Cola Company. Web.

Demond, L. (2020). Why Dasani water is bad for you! We break it down right here! [Video]. YouTube. Web.

The Indian Express. (2021). Explained: Why Coca-Cola is under fire for promoting ‘reverse racism’ and ‘anti-white’ rhetoric. Web.

IndiaTimes. (2021). Ronaldo vs Coca Cola: How Cristiano Ronaldo’s coke snub became a meme fest [Video]. YouTube. Web.

Important Changes In The American Economy

America has one of the greatest national economies, serving as a capitalist and democratic benchmark for many countries worldwide. Its financial markets, growth, and innovation have always helped the government to retain its impeccable reputation. However, the history of the U.S. economy is long and not without failures. The system of the United States has undergone many changes that made the country’s economic state stronger.

The Great Inflation was the second half of the 20th century’s most significant macroeconomic phenomenon. The post-World War II universal monetary system was forsaken during that time, and there were four financial crises, two major resource scarcities, and the first-ever application of wage and price restrictions in peacetime. Inflation in 1964 was somewhat more than 1% annually, and it maintained this rate for six years (Bryan). Midway through the 1960s, inflation started to increase and peaked in 1980 at over 14% (Bryan). In the second part of the 1980s, it gradually decreased to an average of barely 3.5% (Bryan). The Federal Reserve regulations that permitted an unsustainable increase in the quantity of money were the cause of the Great Inflation. As stated by some economists, it was the biggest macroeconomic policy failure. However, that defeat also resulted in a fundamental shift in macroeconomic theory, which finally resulted in the principles that now direct the monetary and fiscal policy of the Federal Reserve and other financial institutions worldwide. In this sense, the Great Inflation sparked the resurgence of central banking in the contemporary era.

The ascent of the service industry to supremacy in terms of employment and value-added shares is a defining feature of the service economy. This increase in the U.S. can be observed during the second half of the 20th century, more specifically from 1970 to 2005 (Witt and Gross 231). American firms boosted their production by 80% during the 1970s while simultaneously cutting back on their personnel by roughly 17% (Witt and Gross 231). In other terms, compared to three decades ago, American manufacturers are approximately twice as productive. Therefore, even as organizations employ fewer people, they are generating an increasing amount of goods. This implies the presence of constant scientific and technological progress, the beginning of which changed the production of the American economy.

While the first two events had at least one positive outcome, the last event, the global pandemic, had a more detrimental and unprecedented effect. The United States trade imbalance has grown due to the country’s quick recovery compared to the rest of the globe (The White House 97). In this situation, imports have surged due to the robust U.S. rebound, as items have come in from overseas to meet rising demand from businesses and consumers (The White House 97). The global pandemic led to the vulnerability of many American companies that relied on overseas imports to make their products.

As a result, the American system has undergone several modifications that have strengthened the nation’s economy. For instance, the Great Inflation triggered the modern era’s rebirth of central banking. The U.S. economy changed to a service economy in the 1970s, which meant that fewer workers were needed to produce the same amount of money and commodities. Lastly, the global pandemic caused a trade deficit in the American economy, leading to an imbalance in demand and supply, accentuating American businesses’ vulnerability to imports.

Works Cited

Bryan, Michael. “The Great Inflation.” Federal Reserve History, Web.

The White House. “The U.S. Economy and the Global Pandemic.” The White House, Web.

Witt, Ulrich, and Christian Gross. ” The Rise of the “Service Economy” in the Second Half of the Twentieth Century and Its Energetic Contingencies.” Journal of Evolutionary Economics, vol. 30, np. 2, 2020, pp. 231-246.

error: Content is protected !!