mpany facing abroad in Europe as they expand abroad? How do you suggest they address that competition?The competition that KnitMedia may be facing abroad is acts sent on tour from major record companies like Sony, Warner, and Universal. In addition, when creating Knitting Factories around the world, so to speak, KnitMedia may face rivalry from the region’s local clubs. Besides, Europe is known for musicians playing their fair in the streets which brings up the question of whether or not locals would pay to get into a club to hear KnitMedia’s music.As far as competition from major record companies is concerned, KnitMedia has already addressed this issue in forming an alliance with Sony. In addition, Michael is convinced that The Knitting Factory offers a venue of music not popularized by major record labels. In order to deal with local competition overseas, Michael may consider forming alliances with local clubs as well as hiring from that region’s talent. Chapter Three (pg. 103)Assume that it is possible that the Knitting Factory could have incurred a substantial loss without electric power for that weekend, and that ConEdison was aware of that. Do you believe that ConEd’s decision to cut them off was an ethical one? Regardless of the decision to cut off the power, do you think the manner in which they did cut off the power was ethical?Given the fact that ConEd could not be contacted until the following Monday, what would you have done if you were Michael Dorf? Would that have been ethical?Important factors involved in business regarding ethics include value judgments on working relationships within the corporation, with stockholders, as well as with clients and customers. The examples of poor ethical business and questionable business practices are displayed in the matter concerning the New York-based utility company, ConEdison, and their customer, the Knitting Factory, an alternative jazz club and bar. The ac...
