The most effective strategy for a company to use in order to maintain and increase profits over the long term is to maintain high ethical standards.

The core or motivating factor for most of the company is to continue maintaining and increaseing profits and becomimg more and more competitive and capture as much as market as possible.Now,with most of the company focussing on these objectives,they build most effective strategies and take decisions to achieve these objectives.Now,there should be some factor which should differentiate them from others.I think,if the company is eyeing the long term market,that factor can certainly be maintaining high ethical standards. There are many benefits of maintaing the high ethical standards across the organization.The first abvious benefits would be the trust generation among the various stakeholders for that company.The customers would definitely trust the company for its products and this would increase teh sales of teh company in the longer term.The secound benefit would be that teh employee would be more satisfied and happy with the transperancy and high moral and ethical grounds followed in the company. Also,In today's current market scenario where You find many small and large startup ncompany getting started and closed down,the most diificult thing for the customer in the choosing the company for fulfilling its needs would be the trust it has for that company.The customer wants the company there for him after he has choose the products or services of the company,to be there for him whenever he needs any help.The comapny can win this trust of the customer by following high ethical grounds.The high ethical grounds helps in creating the Brand of the company among the customer.This would make the customer more aware about the company and would help them in making the decisions about the particulat company. Thus,the most effective strategy for a company to use in order to maintain and increase profits over the long term is to maintain high etical standards.

A computer-chip maker,could solve its problem of declining sales by dropping its prices.This would make it better able to compete in the highly compet

I think the above argument assumes two things.First,The argument assumes that the reason for decining sales is the price of the chips it sales.Second,It assumes that only way to increase the sales is dropping the prices of its chips. Lets us first try to validate the assumptions.The first assumption as stated above is that prices of its chips is causing the decline in its sales.However,this may or may not be true.There might be several other reason because of which the sales has decline.The quality of chips that it manufactures might be either detoriating or the competitor has launched the better quality,efficient,less costly chip.or the company had lost it focus from chips to some other business or the company had reduced it spending on the marketing and advertising because of which the customers are not aware of the its chips.The other reason might be that the customer which had bought its chips had faced some snags or they had not not found the its chips value for money and hence they might have given the bad reviews about the chips.so just focussing on slashing the prices of its chips may be the correct solutions for the problem. Now,the second assumption which is stated as that the only way to increase the sales is dropping its prices.As we can make out from the first assumption that,dropping the prices of its chips may not be the right thing to do.There might be several other way out like manufacturing the better quality chips.Investing more on reaserach and development and manufacture better quality,efficent,cost effective chips for the customers.Or Increasing the spending on the advertising and exploring the new way of connecting to the prospective customer.Or if the existing customer had faced some technical snags,then provide them the better post sales service like replacing the malfunctioned chips with teh new one of if possible repair teh same. So as seen,the slashing the prices might be the good solutions only if the prices of the chips is the problem.so after proper analysing teh root causes shouls any decision be made and thus effectively solve the given problem of decling sales and thus substantially boost Davis' market share.

Seniority should not be the basis of employee compensation. Employees should be promoted and given raises solely on the basis of their work performanc

Seniority alone should not be the basis of employee compensation.I think that is the very valid to make in todays's highly competetive world where each penny spend should be accountable.In today's globalised environment where the geographical boundaries are quickly dissappearing,one cannot take the traditional view of determining teh basis of employee compensation. In this highly modern,sophisticated world,where the efficency and the productivity of the employee is the prime concern for the employer,the method of determing the compensation has to the product of various different factors.So the seniority or years of service of the particular employee alone cannot be the basis of the copmensation for the employee.The work performance and the merit of the employee should be taken into the consideration.This would,in turn,motivate the employee to perform better and be more productive.However,one cannot discard the seniorty factors altogether.There are many setors and domain where teh seniority of teh employee could be a vital factors.For Example,in a small retail grocery shop,the seniority of a particular employee would have given him the opportunity to form a close tie to various customers who turn up at the shop because of the bonding they have with teh particular senior employee.so in this particular case,the store owner would be very happy to offer hom the lucaritve compenastion inspite of him being not able to continue working that effectively.However,there are several other domain,where seniority alone would not be that important.For example in the booming service sector,seniority combined with the performance would be very important.so the factors would vary from sectors to sectors. Therefore,we can safely assume,that seniority of a employee is definitely a important factors,but the performance and efficency are also equally important.so the combination of these several vital fators together can help determaine teh compensation for a employee ,so that there is satisfaction and motivation among the employees.