Reference no: EM133216922

Question 1. You are the CEO of a company, and the board of directors has told you to make sure the company is as profitable as possible. Your employees are asking for wage increases due to inflation, but you know that a wage increase would mean less profit. Explain how you would handle the situation and justify the solution. Make sure to address your decision, the rationale behind it, what you would say to the employees, and what you would say to the board.

Question 2. Many people say that businesspeople do not do enough for society. Some students choose to go into the public sector instead of business because they want to help others. However, businesspeople say that they do more to help others than nonprofit groups do because they provide jobs for people rather than giving them charity. Furthermore, they believe businesses create all the wealth that nonprofit groups distribute. Find some middle ground in this debate to show how both businesspeople and those who work for nonprofit organizations contribute to society and need to work together more closely to help people. Incorporate concepts of Adam Smith to help illustrate.