Dumpster diving, also known as urban foraging, is the practice of scavenging through discarded materials in search of useful or valuable items. In his essay "On Dumpster Diving," Lars Eighner offers a detailed and personal account of his experiences as a dumpster diver. Through his writing, Eighner aims to challenge the societal stigma surrounding the act of dumpster diving and to provide a glimpse into the lives of those who are forced to scavenge for their basic necessities.
Eighner begins his essay by explaining that he began dumpster diving out of necessity, as he was homeless and unable to afford basic necessities such as food and clothing. He notes that while dumpster diving may seem distasteful or degrading to some, it is a means of survival for many individuals who have no other options.
As Eighner delves deeper into his experiences as a dumpster diver, he offers insight into the practical aspects of the practice, such as the best times and locations to search for discarded items and the importance of following certain rules and regulations. He also touches on the psychological effects of dumpster diving, noting that it can be both demoralizing and empowering.
Throughout the essay, Eighner takes care to emphasize the fact that dumpster diving is not a choice for many individuals, but rather a necessity. He writes, "I dumpster dive because I am poor. I do it as a means of survival." This sentiment is further reinforced by Eighner's descriptions of the often surprising and valuable items he has found in dumpsters, including books, clothes, and even furniture.
One of the most poignant moments in Eighner's essay comes when he reflects on the societal stigma surrounding dumpster diving and the prejudices that those who engage in the practice often face. Eighner writes, "I am not a bum. I am a person who happens to be poor and homeless. I am a person just like you, only with fewer options and less resources." Through this statement, Eighner aims to humanize those who are forced to scavenge for their basic necessities and to challenge the notion that they are lesser or undeserving.
In conclusion, "On Dumpster Diving" is a thought-provoking and poignant essay that offers a unique perspective on the lives of those who are forced to scavenge for their basic necessities. Through his writing, Lars Eighner aims to challenge the societal stigma surrounding dumpster diving and to provide a glimpse into the realities faced by many individuals who are struggling to survive.
What is wealth maximization in financial management?
How shareholder wealth maximization is it done? How to Calculate Wealth? Higher the uncertainty, the discounting rate is higher and vice-versa. In this competitive business world, it is necessary for the company to survive. Therefore, financial decisions made by the finance manager should be taken very carefully. So, profit maximization ignores the timing of returns and considers wealth maximization. It is a vital activity in an organization. The general management of an organization should consider financial management as a key component. The financial managers select assets, projects and the decisions that are profitable and reject, which are not.
Wealth Maximization
Thus, management that being very much aware of this fact may consider motivate the employees to put up their best at the workplace, which will in turn help the organization to achieve other aims and objectives. With their wealth maximized, shareholders can afford their cash flows in such a way as to optimize their consumption. Competitive Advantage There are two elements of competitive advantage as per Michael Porter, let us see both of them below: Cost Advantage Cost advantage means the cost at which the competing firms cannot produce the goods at which the other firm is producing. Short-term profit maximization can be achieved by the managers at the cost of the long-term sustainability of the business. Lowering production quality for the sake of increased profits will hurt your brand, upset customers, and allow competitors to steal your business.
Goals of Financial Management
What are the drawbacks of profit maximization goal? Two main sources of wealth creation or value creations are the industry attractiveness and competitive advantage of the firm. Businesses that make a profit make proper use and allocation of resources that result in capital, fixed assets, labor and payments. Lowering production quality for the sake of increased profits will hurt your brand, upset customers, and allow competitors to steal your business. Profit is one measurement of the efficiency of the business. Debt holders have fixed claims to the firm. In this way, wealth maximization objective considers time value of money and assign different values to cash inflows occurring at different point of time. If both the conditions support an organization, it tastes the success.
Wealth Maximisation
Bargaining Power of Suppliers Lesser the bargaining power of suppliers and buyers, the firm becomes better positioned to dominate terms. In order to achieve organizational goals and objectives, it involves planning, organizing, controlling, and monitoring financial resources. According to Solomon, net, present — value or wealth of a course of action is the difference between the present value of its benefits and the present value of its costs. It implies that maximizing the net present value of a course of action to shareholders. Thanks once again for all the details. For instance, a corporation might choose to cut production costs by using lower-quality parts in its products.
