Essay on Global Business Plan - 3446 Words

Global Business Plan University of Phoenix Global Business Strategies MGT/448 Gary Queensberry Dec 12, 2007 Global Business Plan Orange R Us has been in business for a while and has made very strategic business decisions. When the company decided to export out of the country to Mexico, the company had to perform some research. The company performed many task such as a country risk and strategic planning analysis, devise a business plan and a marketing strategy. Oranges R Us, a company located in Tampa, Florida, produces high quality and nutritional orange juice. Since being in business for over fifteen years, the company is venturing into the international market. After thorough research of Mexico’s politics, economy,†¦show more content†¦More than 90% of Mexican trade is under Free Trade Agreements (FTAs) with more than 40 countries, including the European Union, Japan, Israel, and Central and South America (Wikipedia). As of 2005, Mexico received $118 billion (53% of total) in imports from the U.S. (U.S. Department of State, 2007). Orange R Us sees Mexico as a country poi sed for a great economic turn-around. Indicators and forecast models show that the country is on a steady uphill swing and ORU feels confident in their choice of selection Mexico as the country to export their product. Social, health, and environmental With the lack of clean water in Mexico, there are all types of illness within its population. It would be very necessary to export orange juice (a beverage full of vitamin C) into Mexico with hopes that it would boost the citizens’ immune systems, allowing the country to become healthier (cia.gov, 2007). Therefore, ORU feels their product will benefit the Mexican citizens physically and is impelled to offer their product to the Mexican citizens. Physical Environment Many of the railroads and ports in Mexico have been privatized (U.S. Department of State, 2007). The government has improved its infrastructure by â€Å"expanded competition in ports, railroads, telecommunications, electricity generation, natural gas distribution, and airport† (Wikipedia, 2007). Mexico’s land transportation network is extensive. There are 72,700 miles of paved roads, including more than 6200Show MoreRelatedGlobal Business Plan9701 Words   |  39 PagesExecutive Summary Moto-Europe Tours has sought to fill a niche in the tour guide industry. The founders of this business venture saw a need to expand the company’s operations globally. Moto-Europe Tours is a business venture with the goal of expanding tour experiences to Italy and its surrounding countries. The stabilization of Italy’s government, its inviting culture and close ties with the U.S. are factors that make opportunities for Moto-Europe Tours to expand ideal. This report contains theRead MoreMarketing Plan For A Global Business Essay1585 Words   |  7 Pagesand business focused class I have ever taken. 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Essay about The Rise and Fall of Henry Ford’s Forgotten...

Citation: Grandin, Greg. Fordlandia: The Rise and Fall of Henry Ford’s Forgotten Jungle City. New York: Metropolitan, 2009. Book Review: Fordlandia Henry Ford tried to make a rubber plantation in the Brazilian Amazon jungle. He wanted his own supply of rubber so that he can make his own tires and hoses for his own cars since raw materials to make rubber were monopolized by European countries in those days. So he made his own American factory town by buying over 2 million acres of land in the heart of Brazil. He said he would pay the workers double the amount then they would get if they were to work someplace else in that type of work. Ford wanted this town to be just like one back home in America and it â€Å"became the terminus for a†¦show more content†¦Another problem with Fordlandia was that Ford never set foot in Fordlandia himself but had other bosses set up to try and make this town work. The book reports the mistakes that the managers made and the outcomes that came after. Even some of the managers themselves were not able to live up to the standards that Ford had created. The book clearly shows that even though Henry Ford and his managers had a good goal in mind, it turned out to be a big failure. Henry Ford’s rubber production never succeeded in the way that he wanted it to. The soil was not right for this kind of plant. The company engineers were making guesses when making decisions about the saplings since they had no prior experience with them. The author reports leaf blights, red mites and caterpillars ate away any leaves on the trees which made the trees worthless (325). Henry Ford tried to make a little part of the Amazon jungle into the ideal civilization and failed. There were knife fights and food riots among the workers due to the diet restrictions set upon the workers and the different rules of life set up for them. The workers left when they made enough to get what they wanted. There were also diseases that spread fast and many had died. The author also reports that since alcohol was prohibited, workers went outside the town to establishments that did serve it (193). The Amazon is one of â€Å"the most diverse ecologicalShow MoreRelatedThe Rise And Fall Of Henry Fords Forgotten Jungle City1205 Words   |  5 PagesFordlandia: The Rise and Fall of Henry Ford’s Forgotten Jungle City Henry Ford may be best known as the founder of Ford Motor Company and as the creator of the first model-T, but what you may not know, is that he owned 25 million acres of land in the Amazon, where he attempted to establish the largest rubber plantation in the world. Greg Grandin, in his book Fordlandia: The Rise and Fall of Henry Ford’s Forgotten Jungle City, talks about Ford as an idealist who took on many projects and was determinedRead MoreFord V8 Based On Its Design And Papanek s Theory Of Design1966 Words   |  8 PagesThe Ford V.8 This essay will analyse the Ford V8 based on its design and Papanek’s theory of design. 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Report on AICD in Australia-Free-Samples-myassignmenthelp.Com

Question: Prepare a report to be submitted to the AICD evaluating the evidence that the responsibility of a company director is to place shareholder interests above those of other stakeholders. Answer: Purpose of this Report The company form of business structure, in every part of the world, has a common feature of separate legal entity. Under the principle of separate legal entity, the companies are treated in a separate manner from their owners (Latimer, 2012). Further, due to this status of the companies, the company can sue and be sued by other, can individually purchase shares of any company, and it continues to have a perpetual succession, even when the owners of the company die (Wibberley, Chambers and Gioia, 2017). Eccles and Youmans (2015) stated that the companies only have the option of surviving and thriving. They believed that the shareholder value was not something which could be deemed as being the only objective for the companies in Australia. Further, the shareholder value was deemed as just a result of the companys activities. So, they put the shareholders as any other stakeholder. Though, the reality is far from truth. The shareholder interest is something which is always given the emphasis by the board of directors and the key example of this can be found in the governing act for the corporations in Australia, i.e., the Corporations Act, 2001 (Cth). In the following parts, the evidence from the Corporations Act, along with some other points, has been presented to show that the company directors keep the shareholder interest as their primary goal. This report is to be submitted to AICD, so that the evidence presented here, can be presented before the general public. Background AICD, i.e., the Australian Institute of Company Directors is a body in Australia, the purpose of which is to stay committed towards excellence in governance. This is done to obtain a positive impact on the society and economy and to provide leadership to the issues related to directors (Australian Institute of Company Directors, 2017). This report has been prepared as AICD has been apprehensive about the opinion of the company directors that the shareholder interest takes supremacy over the interest of the others. And to deal with these apprehensions, the recommendations have been drawn whereby the interest of the diverse stakeholder audience can also be given priority. Theories Stakeholder Theory This theory examines the economic, social and the political framework, in which the human life is undertaken. The emphasis is upon the financial and economic analysis which cannot be separated from the institutional, political and social frameworks of the society. This theory is focused on the primary interactions of the groups in the society where the negotiation between the company and the interest groups is deemed as the primary activity (Phillips, 2011). Proprietary Theory Under this theory, the focus is upon the entitys owners and for corporations, this is the shareholders. The key goal from the perspective of the shareholders is the rise in the shareholder value and this is deemed as the primary corporate performance indicator. This theory also explains the shareholders position under the governing act of Corporations Act and the corporate financial statements form and presentation (Obidairo, 2016). Entity Theory The basis of this theory is on the lawful fact and the concept of the separate legal entity, which gives the owners of the company and the company, a different and separated concept. Hence, the shareholders under this concept are only considered as a group of companies resource provider (Schneeman, 2009). Enterprise Theory The company is deemed as a social organization under this concept and it contains different stakeholders like the society in general, agencies of government, regional communities, clients, creditors, employees and shareholders. The economic contribution of the company to the society or the community is also demonstrated under this theory. Further, this is used for measuring the organizations economic impact in the community and is not simply focused upon the profits or losses of the operations (Dandago, 2009). Shareholder Interest: Problems and Solution The shareholders are such individuals, who purchase the shares of the company, for a sum of amount, for which they are awarded dividends and also certain rights. This money becomes the capital for the company, which is used for diversified purposes by the company. Under the Corporations Act, 2001, at different instances, the supremacy of the interest of the shareholders has been highlighted. Time and again, it would be highlighted how the shareholders interest is protected more and more and there is a lack of evidence which could prove the same for the other stakeholders as well. Duties of Directors The Corporations Act is applicable on all the corporations having its operations in the commonwealth of the nation. The company directors have been imparted with the duty to carry on the operations of the company, on behalf of the shareholders. The emphasis is always upon the stakeholders (Cassidy, 2006). Under section 198A(1) of the Corporations Act, the company carries on its business by the directors of the company and it has to be managed under the directions of the company. In order to keep the directors focused towards their role, they have been given certain duties, which have been covered under Chapter 2Ds Part 2D.1. These duties are focused upon the operations of the company being conducted in a proper and diligent manner, whereby the shareholder rights stay protected (Australian Government, 2017). Under section 180 of this act, the directors have been given the duty to use their powers and fulfill their duties in a care and diligent manner, as would be done by a prudent individual. Section 181 imposes a duty of good faith over the company directors, where the directors are required to fulfill their duties and use their powers for proper purpose and the companys best interest (Federal Register of Legislation, 2017). Section 182 imparts the diligence in matter of use of position of the directors in a manner where the company is not detrimental or where the director does not obtain a personal gain (WIPO, 2015). Related provisions like 182 are given under section 183, regarding the use of information of the company. And section 184 makes it a criminal offence for the directors when there is a misuse of the information of the company and the position and is not in the good faith of the company (Australasian Legal Information Institute, 2017). There are a number of cases, where the directors of the company have been held liable for breaching their duties and for working against the interest of the shareholders. In the case of ASIC v Soust [2010] FCA 68, the Federal Court held Soust liable for breaching the director duties (Hodgkinson, 2010). In HIH Insurance Limited (in liquidation) Ors [2016] NSWSC 482, the plaintiff was the shareholders of the company, who had purchased the shares of the company, at inflated prices. The court allowed the plaintiff to recover the losses and there was no need for them to show that there was a linkage between the deceptive and misleading conduct of the company and the purchase decision of the plaintiff (Adams, 2009). This issue becomes a problem as the act does not pay that much emphasis to the interest of the other stakeholders, as is done by imposing the duties upon the directors and other officers of the company. In order to solve this issue, as a best practice, the company directors should take care of the interest of other stakeholders also, when they discharge their duties and align these with the interest of other stakeholders. Rights of Shareholders The shareholders have been given the right to inspect the books of the company under this act, through section 247A (ICNL, 2017). The availability of this right is dependent upon the satisfaction of the court that the shareholders are acting for proper purpose and in good faith of the company and the inspection of the books is being carried on for the benefit of the company. A key example of this right was seen in the different cases which were brought before the court, including the case of Hanks v Admiralty Resources NL [2011] FCA 891 and Mesa Minerals Limited v Mighty River International Limited [2016] FCAFC 16 (Mainprize, 2017). There is a need to provide such rights to the other stakeholders also. As the amendment of acts is not as easy, the companies should, as a best practice, adopt a mechanism through which the other stakeholders can raise voice in such issues. Relief Under section 1324 of the Corporations Act, the ASIC, i.e., the Australian Securities and Investments Commission and the other individuals who are of the view that their interest is being affected, have been given the legal backing to apply to the competent court and obtain an injunction order, or a declaration from the court against the directors or the other officers, who fail to fulfill the obligations which have been imposed on them through this act. Similar provisions were given under the erstwhile act of Corporations Law through section 574. The court can, through section 1324, make an award for damages for the individual who brought the matter before the court, and to any other related plaintiff, who is affected due to such actions of the director. Hence, by default, the directors have to undertake care and diligence when they perform their duties. By making an application to the AICD, the other stakeholders can evade the issue which is presented through these rights being available to a specific set of individuals, which may not necessarily include all the other stakeholders. Oppression and mismanagement The company law is historically based on the principle of rule of majority. And so, the decisions of the company are undertaken by a majority vote. However, this does not mean that the rights of the minority shareholders are forgotten. The minority shareholders are specifically protected under the Corporations Act and it always remains of importance, that their rights are not breached. Part 2F.1 of the Corporations Act, 2001 gives the right to the minority shareholders to claim against any such oppression and mismanagement, undertaken by the directors of the company. The significance of the minority shareholders right can be inferred from the power which is available with the shareholders of the company to override the decisions which have been made by the board of the company (Victorian Law Reform Commission, 2013). In the UK based case of Automatic Self-Cleansing Filter Syndicate Co Ltd v Cuninghame [1906] 2 Ch 34, the board of the company had been given the general power of managing the company, by the internal governance rules of the company. The qualification of these decisions was subjected to a special resolution which had to be passed by the members of the company. Out of the 2700 shares, 1202 shares of the company were held by McDiarmid. He arranged for the assets of the company to be sold and for the company to be undertaken by another. This needed a shareholder resolution so that the same could be used to instruct the board to carry out the transaction. The resolution got 1502 votes and hence was passed with a simple majority. The directors resisted the resolution as this transaction was not deemed to be in the companys best interest. The matter was brought before the court and the decision was given in favor of the directors. The reason for taking this step was to safeguard the intere st of minority shareholders and the interest of the company (Mntysaari, 2006). The protection to the shareholder from oppression is provided in every company related act, across the globe. So, when the shareholders are of the view, that due to them being less in number, they are being oppressed, than an action can be brought against the company, against the undertaken oppression. The courts of Australia, including the Supreme Court of NSW, through the Corporations Act have the power of making an order in cases where the directors conduct is established to be in contravention to the shareholders interest, or is deemed as oppressive or unfairly prejudicial. Though, the company is not generally wound up for such reasons, when a case of oppression has been made and has been established, as winding up of the company is deemed as being a final and concluding step (Baxt, 2007). One of the manners in which such issues can be resolved was seen in the matter of Hillam v Ample Source International Ltd (No. 2) (2012) FCAFC 73, which was brought before the court of law (BRI Ferrier, 2015). It was stated in this matter that the minority shareholders had been oppressed owing to the board of directors conduct. And ignoring the solvency, this was considered to be the correct decision in this particular instance, to wind up the company and for the companys assets to be sold and the proceedings to be distributed in the shareholders of the company (Gibson Howlin Lawyers, 2012). The particular section for minority oppression in the Corporations Act is section 232, where the shareholders are granted relief, when the affairs of the company can be shown to be opposite the shareholders interest and also in such cases, where the same seems to be discriminatory in an unfair manner, prejudicial, oppressive against the shareholders. Though, it is significant that the unfairness is present and just the presence of prejudice and discrimination is not sufficient (Australian Institute of Company Directors, 2013). This issue is more or less aligned to the rights of the shareholders only and hence, the company directors are bound to address this issue. And not much can be done to give this right to the other stakeholders, till the time they are oppressed or mismanaged by the company, owing to the lack of shareholding. Recommendations The above issues highlighted a range of options for the company directors, which it is recommended for them to be followed so that they can cater to the different stakeholder audience, in which, the shareholders of the company are included. The directors have to strictly abide by the duties which have been imposed on them and this has to be done in order uphold the best interest of the company, which would automatically be in the interest of all the stakeholders. There is a need for the directors of the company, to keep a special check on the minority shareholders rights, as the majority principle can prove to be a breach of their rights. It is also recommended to the directors of the company to adhere to the provisions of the Corporations Act, as this act takes care of the right of each of the shareholders, which can range from the shareholders of the company, to its creditors. More importantly, before all this is done, there is a need on part of the company to effectively identify its diversified stakeholders and categorize them broadly, where the rights of a similar group are aligned together and such group is made a single group of stakeholders. Lastly, for the company directors to improve upon the safeguarding of the interest of the stakeholders there is a need to go beyond the letter of the law and fulfill its spirit. Conclusion The discussion which has been carried in the previous parts has thrown a light on the duties which have been imposed on the directors of the company. One magnified look at these highlight the underpinned theme of protecting the shareholders of the company, from any such action, which harms them, and the company. The governing act, i.e., the Corporations Act, has given different rights to the shareholders of the company, which not only give them an option to have a say in the affairs of the company, but also to raise their voice in case they feel that their rights are being infringed, particularly when they do not favor the company. The case laws highlighted above show the manner in which these rights are granted to the shareholders. When the act is so much emphasized upon the shareholders, it can be clearly stated that the shareholder interest is kept over and above the interest of the other stakeholders. And to improve upon the safeguarding and upholding of the interest of the other stakeholders of the company, the above mentioned recommendations could prove to be helpful References Adams, M.A. (2009) Australian Corporate Governance: Lessons from HIH Insurance. [Online] Australasian Legal Information Institute. Available from: https://www.austlii.edu.au/au/journals/ALRS/2005/1.html#fnB8 [Accessed on: 31/07/17] Australasian Legal Information Institute. (2017) Corporations Act 2001. [Online] Australasian Legal Information Institute. Available from: https://www.companydirectors.com.au/director-resource-centre/organisation-type/organisation-definitions [Accessed on: 31/07/17] Australian Government. (2017) Corporations Act 2001. [Online] Australian Government. Available from: https://www.legislation.gov.au/Details/C2013C00605 [Accessed on: 31/07/17] Australian Institute of Company Directors. (2013) Dont forget minority shareholders. [Online] Australian Institute of Company Directors. Available from: https://www.companydirectors.com.au/director-resource-centre/publications/company-director-magazine/2013-back-editions/april/opinion-do-not-forget-minority-shareholders [Accessed on: 31/07/17] Australian Institute of Company Directors. (2017) Find out more about who we are and what we do. [Online] Australian Institute of Company Directors. Available from: https://aicd.companydirectors.com.au/about [Accessed on: 31/07/17] Baxt, R. (2007) Duties and Responsibilities of Directors and Officers. 19th ed. Sydney, NSW: The Australian Institute of Company Directors. BRI Ferrier. (2015) Breakdown in corporate relations: winding up on the just and equitable ground. [Online] BRI Ferrier. Available from: https://briferrier.com.au/news/breakdown-in-corporate-relations-winding-up-on-the-just-and-equitable-ground [Accessed on: 31/07/17] Cassidy, J. (2006) Concise Corporations Law. 5th ed. NSW: The Federation Press. Dandago, K.I. (2009) Advanced Accounting Theory and Practice. London: Adonis Abbbey Publisher Limited. Eccles, R.G., and Youmans, T. (2015) Why Boards Must Look Beyond Shareholders. [Online] MIT Sloan Management Review. Available from: https://sloanreview.mit.edu/article/why-boards-must-look-beyond-shareholders/ [Accessed on: 31/07/17] Federal Register of Legislation. (2017) Corporations Act 2001. [Online] Federal Register of Legislation. Available from: https://www.legislation.gov.au/Details/C2013C00605 [Accessed on: 31/07/17] Gibson Howlin Lawyers. (2012) Oppression of Minority Shareholders. [Online] Gibson Howlin Lawyers. Available from: https://www.gibsonhowlinlawyers.com/recent-developments/oppression-of-minority-shareholders [Accessed on: 31/07/17] Hodgkinson, J. (2010). CEO guilty of market manipulation. [Online] John Hodgkinson. Available from: https://johnhodgkinson.wordpress.com/2010/02/19/ceo-guilty-of-market-manipulation-and-market-rigging/ [Accessed on: 31/07/17] ICNL. (2017) Corporations Act 2001. [Online] ICNL. Available from: https://www.icnl.org/research/library/files/Australia/Corps2001Vol4WD02.pdf [Accessed on: 31/07/17] Latimer, P. (2012) Australian Business Law 2012. 31st ed. Sydney, NSW: CCH Australia Limited. Mainprize, S. (2017) Shareholders And The Right To Inspect Company Books. [Online] ERA Legal. Available from: https://www.eralegal.com.au/2017/04/03/shareholders-right-inspect-company-books/ [Accessed on: 31/07/17] Mntysaari, P. (2006) Comparative Corporate Governance: Shareholders as a Rule-maker. New York: Springer. Obidairo, S. (2016) Transnational Corruption and Corporations: Regulating Bribery Through Corporate Liability. Oxon: Routledge. Phillips, R.A. (2011) Stakeholder Theory. Northampton, MA: Edward Elgar. Schneeman, A. (2009) Law of Corporations and Other Business Organization. 5th ed. New York: Delmar. Victorian Law Reform Commission. (2013) The oppression remedy in the Corporations Act. [Online] Victorian Law Reform Commission. Available from: https://www.lawreform.vic.gov.au/content/3-oppression-remedy-corporations-act#footnote-135972-53-backlink [Accessed on: 31/07/17] Wibberley, J., Chambers, G., and Gioia, M.D. (2017) Lifting, Piercing And Sidestepping The Corporate Veil. Guildhall Chambers. [Online] Available from: https://www.guildhallchambers.co.uk/uploadedFiles/PiercingtheCorporate%20Veil.JW,MDG.pdf [Accessed on: 31/07/17] WIPO. (2015) Corporations Act 2001. [Online] WIPO. Available from: https://www.wipo.int/wipolex/en/text.jsp?file_id=370817 [Accessed on: 31/07/17]

Who Should Rule

Who should rule? According to Plato, philosophers should rule because they have what it takes to be leaders. In his work, Plato explains that leaders should possess certain â€Å"forms†. These forms are relevant because they are unchanging and present the best knowledge.Advertising We will write a custom essay sample on Who Should Rule? specifically for you for only $16.05 $11/page Learn More Plato believes that philosophers are the only people who can grasp such aspects (Jowett 19). They are also capable of understanding everything appropriately. The leading â€Å"form†, according to Plato, is that of â€Å"Good†. All other â€Å"forms† arise from the â€Å"Form of Good†. According to Plato, philosophers grasp ideas by undergoing through certain stages of understanding. This is what makes them the best leaders in a society. Plato claims that philosophers are a class of men that possess unique ideas, knowledge, and unde rstanding (Adam 72). They are â€Å"just† and capable of leading others. The souls of these philosophers are conditioned thus making it easier for them to fulfill the needs and expectations of their people. Rationality, according to Plato, is what guides a philosopher. Rationality is one of the attributes that make a philosopher an effective leader. Philosophers will promote justice because it is worthwhile. Justice is relevant because it embraces people’s psyche and health. Such leaders will ensure the souls of their people are healthy, contented, untroubled, and happy. Such kings are able to make appropriate judgment in order to address the needs of the people. The other argument presented by Plato is that of pleasure. Philosophers are â€Å"truth-loving†, something that makes it easier for them to apply â€Å"impartial judgment†. According to Plato, any kind of pleasure that is not associated with truth and philosophy is unpleasant. Only philosophers u nderstand the importance of â€Å"just life† and its importance towards a better society. From this understanding, it is agreeable that being a philosopher is a privilege. Plato believes that philosophy is a unique occupation that embraces wisdom (Adam 48). Such kings will be â€Å"just†. This is necessary because justice helps such kings grasp the â€Å"Form of the Good†. Philosophers will imitate the â€Å"Form of the Good† thus creating orderly societies.Advertising Looking for essay on philosophy? Let's see if we can help you! Get your first paper with 15% OFF Learn More From the above discussion, it is notable that Plato connects the idea of â€Å"justice† to the â€Å"Form of Good†. He furthers views the two as essential qualities of a leader. That being the case, it becomes evident that philosophers possess such qualities. The kings will behave in a â€Å"just† manner because it is the best thing for them to do. A s well, such leaders consider justice to be something essential regardless of the rewards or punishments it presents (Jowett 20). Plato believes that justice should be able to appeal to psychology. This is what promotes individual justice. With such ideas, Plato strongly believes that a philosopher will become the best ruler in The Republic. From a personal perspective, I would support Plato because he offers valid ideas about leadership. Philosophers should become kings because they will govern their kingdoms for the good and welfare of the citizens. Such kings will apply practical theories and ideas in order to address the needs of the people. The approach will ensure all classes benefit equally from their leadership. Philosophers, as Plato argues, will not leave the minorities behind (Jowett 85). This will promote equality, peace, and development. These classes include farmers, warriors, and guardians. With these three classes, philosophers can establish the best systems thus mak ing it easier for the people to understand their respective obligations and responsibilities. The idea can reduce corruption and injustice. The people will never question their positions in the society. Instead, they will stand firm in order to safeguard their rights. This explains why such kings can address most of the challenges affecting our societies today. According to Plato, a ruler should have skills and virtues in order to lead others. This is necessary because a tyrant cannot be virtuous. A king will establish the best relations in his kingdom. He will always be close to his family, his villages, and eventually bring his people closer.Advertising We will write a custom essay sample on Who Should Rule? specifically for you for only $16.05 $11/page Learn More With the â€Å"Form of Good†, the philosopher will make his kingdom successful. The leader will use his knowledge to implement the best ideas and opportunities that can address the di verse needs of his people. As Plato states, â€Å"true leaders should consider every issue at hand in order to make the best decisions (Jowett 103)†. This explains why only philosophers can complete these duties and empower their people. After examining Plato’s arguments, it is evident that philosophers can help establish successful societies. Such a philosopher will be a servant of the people. This is exactly what Plato argues in his work, â€Å"The Republic†. Although many people would argue that Plato’s ideas influenced leaders like Adolf Hitler, the outstanding fact is that such a leader was a tyrant but not a philosopher-king. It is necessary to consider some of the ideas presented by Plato in order to understand the importance of justice and proper leadership (Jowett 75). If applied properly, Plato’s views on leadership can help societies and corporations overcome most of the challenges they face today. Works Cited Adam, James. The Republic o f Plato. New York: Longman, 2009. Print. Jowett, Benjamin. The Republic by Plato. New York: Wiley, 2010. Print. This essay on Who Should Rule? was written and submitted by user Randall Mccray to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.