Essay Examples on Manhattan campus

Managerial discretion as appealing in personal Hunts

Managerial discretion as appealing in personal hunts outside activities during business hours Holmstrom Milgrom 1991 Milgrom Roberts 1992 Agency theory upholds that self interested devious managers given a high level of discretion will apt firm profits Fama Jensen 1983b Jensen Meckling 1976 Williamson 1963 In all three of these situations managerial discretion creates opportunistic behavior negatively influences corporate profits and thus damages owners interests of owners both short and long term Gedajlovic Shapiro 1998 In the short term managers waste firm funds by increasing their non salary income or consuming privileges Jensen Meckling 1976 Williamson 1963 Long term managers pick approaches and that managers pursuit of personal objectives like salary security power status standing and professional excellence divests firms of productivity gains Williamson 1963 Managerial capitalism embraces that managers chase growth over profit maximization because rises in salary power and status appropriate with increases in firm size enhance managers utility function Marris 1964 according to personal requirements regarding firm size or growth over profits Managers who love high levels of discretion have been exposed for example to be more likely to adopt gaining strategies which would eventually increase their reward Wright Kroll Elenkov 2002

1 pages | 368 words
Save

Stress is primarily a physical response

Stress is primarily a physical response when the body feels it is under attack The body enters a state of fight or flight and sets up the body for physical activity Similarly to humans fishes have the ability to cope with stress and its implications and as such get stressed the same way as humans do As Bartelme 2010 puts it stressor in fish could be defined as a stimulus that requires a physiological response by the animal in an attempt to adapt to that stimulus In other words stress is an internal physiological state that is caused by external conditions If severe enough fishes enter a distressed state that often leads to decreased performance which is a habitual undesirable aspect of production Most situations in which a fish experiences a change in its natural environment or a disturbance in its behavior are able to cause stress There are many different factors that influence stress in fish however stress protects the fish and ensures its survival As Bartelme 2010 states when a fish feels threatened the fish senses the threat and in response releases catecholamine and cortisol into the bloodstream which gives the fish an energy boost to help escape or evade the threat Catecholamines function as a hormone that helps the body respond to stress and prepare it for a fight or flight reaction while cortisol is a hormone that helps regulate stress in the body Moreover fish stress can either be short or long term 


2 pages | 490 words
Save