A company, abbreviated as co., is a legal entity representing an association of legal people, whether natural, juridical or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals.
Over time, companies have evolved to have the following features: "separate legal personality, limited liability, transferable shares, investor ownership, and a managerial hierarchy". The company, as an entity, was created by the state which granted the privilege of incorporation.
The land along the Houston Ship Channel is a heavily industrialized area, with numerous oil refineries. In the late 1980s and early 1990s, several large industrial disasters occurred in the area, with the largest being the Phillips disaster of 1989, a refinery explosion that resulted in 23 deaths and over 100 injuries. In the community of Channelview, ACC operated a petrochemical plant that was the world's largest producer of the fuel additive methyl tert-butyl ether. On July 5, 1990, employees at the plant were working on restarting a compressor for a 900,000 US gal (3.4-million L) wastewater storage tank at the facility. The tank held wastewater that contained hydrocarbons until it could be deposited in a disposal well. Because the hydrocarbons in the tank could vaporize, the tank had an oxygen analyzer that kept track of the oxygen concentration in the tank and had a nitrogen sweep system to keep the gas inert. However, unbeknownst to the employees, the oxygen analyzer had malfunctioned and as a result, the oxygen level in the tank was at a dangerous level. While restarting the compressor, the gas ignited and caused a large explosion. The explosion completely destroyed the tank and some of the surrounding facility infrastructure, affecting an area the size of a city block. (Full article...)
Image 7The Intel 80486DX2 is a CPU produced by Intel Corporation that was introduced in 1992. Intel is the world's second largest semiconductor company and the inventor of the x86 series of microprocessors.
Image 930 St Mary Axe, London, widely known by the nickname "The Gherkin", and occasionally as a variant on The Swiss Re Tower, after its previous owner and principal occupier. Swiss Re is the world’s second-largest reinsurance company.
Employees of a leasing firm taking time off their regular jobs to build a house for Habitat for Humanity, a non-profit that builds homes for needy families using volunteers
Corporate social responsibility (CSR) or corporate social impact is a form of international private business self-regulation which aims to contribute to societal goals of a philanthropic, activist, or charitable nature by engaging in, with, or supporting professional servicevolunteering through pro bono programs, community development, administering monetary grants to non-profit organizations for the public benefit, or to conduct ethically oriented business and investment practices. While CSR could have previously been described as an internal organizational policy or a corporate ethic strategy, similar to what is now known today as environmental, social, and governance (ESG), that time has passed as various companies have pledged to go beyond that or have been mandated or incentivized by governments to have a better impact on the surrounding community. In addition, national and international standards, laws, and business models have been developed to facilitate and incentivize this phenomenon. Various organizations have used their authority to push it beyond individual or industry-wide initiatives. In contrast, it has been considered a form of corporate self-regulation for some time, over the last decade or so it has moved considerably from voluntary decisions at the level of individual organizations to mandatory schemes at regional, national, and international levels. Moreover, scholars and firms are using the term "creating shared value", an extension of corporate social responsibility, to explain ways of doing business in a socially responsible way while making profits (see the detailed review article of Menghwar and Daood, 2021).
Considered at the organisational level, CSR is generally understood as a strategic initiative that contributes to a brand's reputation. As such, social responsibility initiatives must coherently align with and be integrated into a business model to be successful. With some models, a firm's implementation of CSR goes beyond compliance with regulatory requirements and engages in "actions that appear to further some social good, beyond the interests of the firm and that which is required by law". (Full article...)
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The Oliver Typewriter Company was an American typewriter manufacturer headquartered in Chicago, Illinois. The Oliver Typewriter was one of the first "visible print" typewriters, meaning text was visible to the typist as it was entered. Oliver typewriters were marketed heavily for home use, using local distributors and sales on credit. Oliver produced more than one million machines between 1895 and 1928 and licensed its designs to several international firms.
Competitive pressure and financial troubles resulted in the company's liquidation in 1928. The company's assets were purchased by investors who formed The British Oliver Typewriter Company, which manufactured and licensed the machines until its own closure in the late 1950s. The last Oliver typewriter was produced in 1959. (Full article...)
As of November 2022,[update] the company had 35,711 stores in 80 countries, 15,873 of which were located in the United States. Of Starbucks' U.S.-based stores, over 8,900 are company-operated, while the remainder are licensed. It is currently the world's largest coffeehouse chain. The company is ranked 120th on the Fortune 500 and 303rd on the Forbes Global 2000, as of 2022.
The rise of the second wave of coffee culture is generally attributed to Starbucks, which introduced a wider variety of coffee experiences. Starbucks serves hot and cold drinks, whole-bean coffee, micro-ground instant coffee, espresso, caffe latte, full and loose-leaf teas, juices, Frappuccino beverages, pastries, and snacks. Some offerings are seasonal or specific to the locality of the store. Depending on the country, most locations provide free Wi-Fi Internet access. The company has been subject to multiple controversies related to its business practices. Conversely, its franchise has commanded substantial brand loyalty, market share, and company value. (Full article...)
... that although the Brooklyn Union Gas Company's original building, next to its replacement, was once described as having been "miraculously saved", the older building was demolished in 2004 without protest?
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