Chat with AI
Business, Government and Society: A Managerial Perspective 12th Edition by John Steiner,George Steiner
Edition 12ISBN: 9780073405056Business, Government and Society: A Managerial Perspective 12th Edition by John Steiner,George Steiner
Edition 12ISBN: 9780073405056 Exercise 1
How would you evaluate Astor in terms of his motive, his managerial ability, and his ethics? What lesson does his career teach about the relationship between virtue and success?
Explanation
Verified
Verified
The person Astor, a German immigrant, founded the AFT Company in 1808. The story of the AFT Company backed the American dream of anything is possible with sheer hard work. It revealed the story of an ambitious German immigrant who arrived in America poverty-stricken and built an enterprise that dealt with the fur trade. At that time, fur was already an established business that colonial rulers engaged in after establishing contacts with the Indians. Getting familiarized with the advantages of the fur trade and acquiring the skills to assess and manage fur skins from a fur trader on his journey to the U.S., the person A built a giant fur company gradually.
Astor illustrated excellent bargaining abilities in selling gadgets for furs. He purchased trade assets in massive numbers to reduce the expense, and his assistants spent for fur in exchange for trinkets. Also, he conceded liquor to move without obstruction during trade agreements, building an edge the state cannot arrive. The government lacked his agility and dedication; he surpassed his competitors. In less than 10 years, he became the second wealthiest person in the U.S. With the state L purchase, personality Jefferson formed the L and C team to examine the appropriateness of state L for the fur trade. The expedition became an impetus for fur trading since fur trade in the NW territory was already befalling. To obtain the charter rights for trading in this area from the state legislatures, he requested the legislature of state NY to assign the charter. In addition, he was plotting to establish an independent kingdom called A, where he would be the King. However, his strategy failed since he had to sell it off to the British during the war of 1812. He was involved in continuous lobbying with the members of the congress, washed out his adversaries, exploited the gullible natives by affording alcohol( which was outlawed by the government) in exchange for furs, and vice versa.
Assessing the way he handled his business and treated his employees and Indians, it can be stated that Astor was a ruthless and selfish person whose sole interest is profit generation. He neglected the interests of his workers and exploited the Indians to a great extent, wiped out all his competitors, which indicated that his tactics were unethical and prudent. In terms of managerial ability, he was an abled person with accurate knowledge about his business, a perfect sense of time and perception, and showed competency and alertness.
A successful and decent businessperson would demonstrate qualities such as having good morals, showing competency, alertness, concern about the workers, and a perfect sense of time and perception. However, the career trajectory of Astor revealed that he was an unethical person with limited or no concern for others. His shrewdness and conniving tactics cannot be deemed as good qualities. One can infer from his career that virtue and success go hand in hand. Ignoring the interests of the workers or suppliers is a huge blunder. His exploitative tactics and lack of making any positive contribution to society was widely criticized.
Astor illustrated excellent bargaining abilities in selling gadgets for furs. He purchased trade assets in massive numbers to reduce the expense, and his assistants spent for fur in exchange for trinkets. Also, he conceded liquor to move without obstruction during trade agreements, building an edge the state cannot arrive. The government lacked his agility and dedication; he surpassed his competitors. In less than 10 years, he became the second wealthiest person in the U.S. With the state L purchase, personality Jefferson formed the L and C team to examine the appropriateness of state L for the fur trade. The expedition became an impetus for fur trading since fur trade in the NW territory was already befalling. To obtain the charter rights for trading in this area from the state legislatures, he requested the legislature of state NY to assign the charter. In addition, he was plotting to establish an independent kingdom called A, where he would be the King. However, his strategy failed since he had to sell it off to the British during the war of 1812. He was involved in continuous lobbying with the members of the congress, washed out his adversaries, exploited the gullible natives by affording alcohol( which was outlawed by the government) in exchange for furs, and vice versa.
Assessing the way he handled his business and treated his employees and Indians, it can be stated that Astor was a ruthless and selfish person whose sole interest is profit generation. He neglected the interests of his workers and exploited the Indians to a great extent, wiped out all his competitors, which indicated that his tactics were unethical and prudent. In terms of managerial ability, he was an abled person with accurate knowledge about his business, a perfect sense of time and perception, and showed competency and alertness.
A successful and decent businessperson would demonstrate qualities such as having good morals, showing competency, alertness, concern about the workers, and a perfect sense of time and perception. However, the career trajectory of Astor revealed that he was an unethical person with limited or no concern for others. His shrewdness and conniving tactics cannot be deemed as good qualities. One can infer from his career that virtue and success go hand in hand. Ignoring the interests of the workers or suppliers is a huge blunder. His exploitative tactics and lack of making any positive contribution to society was widely criticized.
Business, Government and Society: A Managerial Perspective 12th Edition by John Steiner,George Steiner
Why don’t you like this exercise?
Other Minimum 8 character and maximum 255 character
Character 255
