Mr. Speaker: Debating Business Issues in Less than 200 Words

The third of three debates that I wrote for a business class a few years ago. The purpose of the assignment was to debate a business issue in less 200 words. I hope some Business Administration students will find this helpful.

Debate 3: Should the House Bail Out Big Businesses

Mr. Speaker, we are here today to debate the resolution that the House should bail out big business. As side government, we support this resolution and believe strongly that it must stand.

When the failure of a major corporation would reverberate through not only its own sectors but across several sectors, causing wide-spread unemployment, the government should intervene, buying shares in the company and monitoring its operations. Moreover, as a condition of its investment in a troubled corporation, the government should conduct a thorough investigation and audit to ascertain whether the company’s financial shortfalls result from criminal fraud or negligence, prosecuting managers and executives as evidence against them warrants.

“We used to say, ‘As GM goes, so goes the nation,’” North American GM President Mark Reuss quoted the old adage as he spoke with reporters in January. In General Motors, we see a compelling example of a government bail-out’s benefit. Within eighteen months of the government’s investment in GM, the company streamlined its operations, sold-off its unsuccessful ventures, won wage and benefit concessions from the unions, and returned both to profitability and market leadership. Emerging from bankruptcy and bailout as an industry leader, the “new” General Motors repaid its debt to American taxpayers with substantial interest. Timely government intervention in a large corporation’s troubled finances has exactly the remedial effects workers and shareholders want.

Side government, Mr. Speaker, would like to thank the House for its time and, for the reasons stated, reiterate that we believe strongly this resolution must stand.

Thank you, Mr. Speaker.

References:

Calello, P. & Wilson, E. (2010). From bailout to bail-in. Economist, 394(8667).
Retrieved from http://search.ebscohost.com/login.aspx?direct=true&db=bth&AN=47815765&login.asp&site=bsi-live

Morley, R. (2011, January 24). The Subprime Nation. The Trumpet.
Retrieved from http://www.thetrumpet.com/?q=7246.5799.0.0

Ruggles, D. (2010). How, Why We Saved Detroit?. Ward’s Dealer Business, 44(7). Retrieved from
http://search.ebscohost.com/login.aspx?direct=true&db=bth&AN=52593968&login.asp&site=bsi-live.

Video: From Microsoft to Linux on its 20th Anniversary

Microsoft vs. Linux Video

 

A gift from Microsoft to Linux on its 20th Birthday. Is it a sincere happy birthday wish or a Trojan cake?

httpv://www.youtube.com/watch?v=ZA2kqAIOoZM
 

The Story of Linux: Commemorating 20 Years of the Linux Operating System

httpv://www.youtube.com/watch?v=5ocq6_3-nEw
 

Mr. Speaker: Debating Business Issues in Less than 200 Words

The first of three debates that I wrote for a business class a few years ago. The purpose of the assignment was to debate a business issue in less 200 words. I hope some Business Administration students will find this helpful.

 

Debate 1: Is it personal? or is it just business?

 

Mr. Speaker, we are here today to debate the resolution that it is not personal, it is just business. As side opposition, we do not support this resolution and believe strongly that it must fail.

“Business is business,” executives say, implying businesses are nameless, faceless, profit-making machines.  “It’s not personal. It’s business,” serves as the all-purpose rationalization for “downsizing,” improving the “ROI,” and fiduciary duty to shareholders.

Is the purpose of a business to make profit with utter disregard to its social responsibilities? Is it in the interest of a business to operate without considering its impact on the environment? Is it beneficial for a business to neglect the welfare of its employees, and the community at large, as long as it’s profitable? The answer is no.

Businesses should be responsible towards their employees, their communities, and the societies of which they are part. A few of the benefits of being socially responsible are enhanced brand image and reputation; increased sales and customer loyalty; reduced regulatory oversight; and more ability to attract and retain employees. Case studies conducted by the IIDS, confirm that communities will reject businesses who are not good neighbours.

Besides being responsible towards their communities, businesses need to be responsible towards the environment. By buying locally, reducing the use of non-renewable resources, using recycled materials and minimizing packaging, businesses will not only reduce their impact on the environment; they will also cut production costs. In a report, the EDA concluded that “Going green can be both environmentally and economically beneficial.”

Side opposition, Mr. Speaker, would like to thank the House for its time and, for the reasons stated, reiterate that we believe strongly this resolution must stand fail.

Thank you, Mr. Speaker.

References

BusinessLink.gov.uk. Corporate social responsibility and your business.

Retrieved from http://www.businesslink.gov.uk/bdotg/action/detail?itemId=1075408480

&lang=en&r.i=1075408504&r.l1=1074404796&r.l2=1074446322&r.l3=1075408468

&r.s=m&r.t=RESOURCES&type=RESOURCES

International Institute for Sustainable Development. Corporate social responsibility (CSR).

Retrieved from http://www.iisd.org/business/issues/sr.aspx

Economic Development Agency (2008). Benefits of Going Green.

Retrieved from www.eda.gov/PDF/EDAAmericaSummer2008.pdf