1000 results for “Business Policy”.
Discuss the General Environment
In beginning to view the external environment facing Panera, one must look at the opportunities and threats that are present in the field. Within the industry, Panera is at the top of its gain, bringing in considerable profits, focusing on new technology and sustainability, and continuously expanding its presence throughout North America. Additionally, its societal focus on healthy living and environmentally friendly practices through the preparation of clean, healthy, and sustainable products continues to place Panera on the map in terms on new opportunities such as expansion, limited competition in the field of healthy products, and room to expand.
Panera boasts a host of opportunities, as mentioned, based primarily on its service of 130 million customers daily (2010 Annual eport, 2012, pp.6). In this capacity, Panera has the ability to expand its potential market base considerably should it market…
Espire Marketing. (2010 April 16). "Panera Bread Company Case Study." Web. R
etrieved from: http://www.espiremarketing.org/panera-bread-company-case-study/. [Accessed on 13 June 2012].
Panera Bread. (2010). "2010 Annual Report to Stockholders." Web. Retrieved from:
http://www.panerabread.com/pdf/ar-2010.pdf . [Accessed on 13 June 2012].
J-Food has an opportunity to become the first one to shift in the "all-you-can-eat steak buffet" notion to grow into a market leader. The steady attractiveness of steak along with a perception of economy in buffet seems to be the perfect combination in foreign markets and is bound to produce the same results here (Clancy et al., 2000).
By analyzing the situation in the market, we have characterized groups into various subdivisions. The only exclusion comes when we characterize our subdivision for lunch. We strongly trust, and have observed, that a much widespread desire prevails for this lunchtime slot because our pricing is on the economical side and includes our J-Food's Specialty Beef burger. The following are our targeted subdivisions (Clancy et al., 2000).
* Age -- Aged, Baby-Boomers, youthful couples with children, and labor of all areas.
* Family Unit -- We will send requests to small…
Allen, E. And Fjermestad, J. "E-Commerce Strategies: The Manufacturer Retailer Consumer Relationship," Proceedings of the 5th Americas Conference on Information Systems, 2000.
Betts, M. "It's Official: There really is a 'Digital Economy'," Computerworld, June 2000.
Carter, B. "Dying Dot-coms, Dwindling TV Ads," The New York Times, December 18, 2000.
Clancy, K.J. And Kriegafsd P.C. (2000). Counter intuitive Marketing. The Free Press.
Wal-Mart is also the company's most significant competitor when it comes to supply chain performance and the ability to manage tens of thousands of suppliers to predetermined performance objectives as well (Norek, Pohlen, 2001). Target, another significant competitor, is using an up-scale marketing message to position itself away from Wal-Mart and Sears/K-Mart. Target is also challenging Wal-Mart for leadership in consumer electronics including plasma and flat-screen televisions as well (Frazier, 2006). There is also competition from May Company primarily in apparel nationally, and with several smaller regional retailers who concentrate on clothing and furniture to a limited extent. Of these competitors, Wal-Mart has been the most effective as the company's unique value proposition focuses on enhancing and adding buying power to their customer's budgets. In fact it is known that Wal-Mart, for the Value Shopper, is a major means of making ends meet (Frazier, 2006). This translates into a significant…
Mya Frazier. (2006, February). Marketing in Bentonville: Now it's serious. Advertising Age, 77(7), 1,38.
Soo-Young Moon. (2005). An Analysis of Global Retail Strategies: A Case of U.S. Based Retailers. Journal of American Academy of Business, Cambridge, 7(1), 219-222.
Christopher D. Norek, Terrance L. Pohlen. (2001). Cost knowledge: A foundation for improving supply chain relationships. International Journal of Logistics Management, 12(1), 37-51.
The cons or disadvantages are the lack of accountability to the public, a risk the organization will lose touch with its customers and the needs it is meeting, becoming bureaucratic and inflexible in the process. Another disadvantage is the fact that organizations often lose control to government agencies over time as well. These are all critical factors organizations need to consider before going private and being funded by governments. When not-for-profit organizations shift to being for-profit, there are the opportunities for greater control of their strategic direction, greater flexibility in addressing the needs of the customers they serve, and greater potential to define their own financing strategies. Often non-for-profit organizations must abide by strict requirements of their benefactors, whether they are government agencies or large donors. Being for-profit can give a non-profit organization much more freedom to pursue their own strategic direction and plans, unencumbered with the demands of those…
Anders Gustafsson, Michael D. Johnson, Inger Roos. (2005). The Effects of Customer Satisfaction, Relationship Commitment Dimensions, and Triggers on Customer Retention. Journal of Marketing, 69(4), 210-218.
Rob Markey, John Ott, Gerard du Toit. (2007). Winning new customers using loyalty-based segmentation. Strategy & Leadership, 35(3), 32-37.
Both these techniques have an inverse relationship with each other. If the Government chooses to make its operations more efficient, it will be able to utilize the same level of capacity efficiently and increase the level of production. On the other hand, it can make more investments to increase the capacity so that the current and projected demand can be met effectively (Landskroner 2001).
The best way to manage the demand and capacity is to get the maximum output from the minimum amount of inputs. But if the Government increases the capacity and does not bring efficiency in its operations, a significant portion of its available capacity will go in vein. Similarly, if it wants to control the level of demand in the market, it will have to introduce new alternative products for the consumers so that they switch to those products. However, this step requires a considerable time and…
Connolly, S., & Munro a., 1999, Economics of the Public Sector. Harlow: Pearson Education
Graham, L., 2008, Internal controls: guidance for private, government, and nonprofit entities. Hoboken: John Wiley & Sons
Hull, M., 2012, Network Utility Economics: A Basic Text. U.K: John Wiley
Landskroner, R.A., 2001, the nonprofit manager's resource directory. 2nd Edition. New York: John Wiley and Sons
Please discuss, in detail, what is meant by a hierarchy of strategy?
In any organization there must be a hierarchy of strategy when any strategy is designed on an organizational level because to implement such a strategy it will have to be coordinated on many levels. For example, the CEO or the Board of Directors may wish to push an organization in a new direction with a high level strategic plan. They could see an opportunity in the market and wish to better position to take advantage of the opportunity that they have identified. However, to move towards such an opportunity it takes effort from the entire organization and they must move in unison. Therefore on lower levels of the organizational hierarchy there will have to be tactical decisions made about how to best organize daily operations to move towards the organizational strategies that have been implemented on…
Haanaes, K., et al. "Making Sustainable Profitable." March 2013. Harvard Business Review. Online. 6 June 2013.
Harvard Business Review. "How Hierarchy Can Hurt Strategy Execution." July 2010. Harvard Business Review. Online. 6 June 2013.
In the context of many organizations their cultures act as the central reference point for everything from how meetings are held to how people are spoken to, and certainly influence the level of innovation achieved (Markides, 2004). Cultures then can be either constraints or catalysts of growth for any company. It is in how they are defined that makes the difference. For any strategy to be effective however it must be in alignment with the cultural norms, values and expectations. For a strategy to be effectively executed it must focus on how to create significant value and change that everyone involved can accept. To do this, a strategy must align to a culture's given norms, values and expectations. Even when strategy changes culture, it must begin in the context of a cultural fit to be seen with credibility and trust.
Constantinos Markides. (2004). ethinking innovation. Leader to Leader, 2004(34),…
Constantinos Markides. (2004). Rethinking innovation. Leader to Leader, 2004(34), 35-42.
Jack W. Wiley, Marilou Legge. (2006). Disciplined Action Planning Drives Employee Engagement. HR. Human Resource Planning, 29(4), 8-12.
Governmental CS policies do not only assist consumers or organizations, they assist both the consumer and the organization (The Impact of Government egulations on Corporate Social esponsibility - How Government Policies Shape CS, 2009).
It is often said that international environmental laws do not differ from one another. European environmental regulations are very similar to the U.S. environmental laws. The United States Environmental Protection Agency has set up a database that contains all of the contaminated lands in the U.S. This database includes existing and formerly contaminated lands. The European Union, especially France has also put into place databases to track existing and formerly contaminated lands within France. These efforts are there to protect the public from coming into contact with contaminated lands. International governmental environmental policies do not differ from one another in the fact that they all seek to protect the public and the organizations (The Impact of…
Emani, Gazelle. (2010). BP Oil Spill: 7 Secrets BP Doesn't Want You to Know. Retrieved July
19, 2010, from The Huffington Post Web site:
Freeland, Chrystia. (2010). What's BP's social responsibility? Retrieved July 19, 2010, from The
As part of the research triangle, Raleigh has a significant portion of its population that fits the target market. For the Farmery to succeed, it only needs to capture a small portion of the market share. This is especially true because the store has a small footprint, and has the flexibility to set up on vacant lots without the costs of either renting or developing fixed real estate. The Farmery therefore needs to focus on two or three key elements to ensure adequate market penetration.
The first of these is location. Let it not be understated that location, location, location is critical to the success of any retail business. Because food is not normally something that people are willing to travel more than a few miles for, it is important that the Farmery target a neighborhood where there is a high concentration of individuals that fit the target market. There…
Falk, T. (2012). Detroit turns shipping containers into condos. Smart Planet. Retrieved December 4, 2012 from http://www.smartplanet.com/blog/bulletin/detroit-turns-shipping-containers-into-condos/5900
Food Marketing Institute. (2012). Supermarket facts. Food Marketing Institute. Retrieved December 4, 2012 from http://www.fmi.org/research-resources/supermarket-facts
Greene, B. (2012) the Farmery. Kickstarter.com Retrieved December 4, 2012 from http://www.kickstarter.com/projects/farmery/the-farmery
Imlay, T. (2006). Challenges in today's U.S. supermarket industry. Microsoft. Retrieved December 4, 2012 from http://msdn.microsoft.com/en-us/library/aa479076.aspx
Business Plan for a Financial Divorce Software
Business Plan Divorce Software
Business Plan relating to the Sales of a new Financial Divorce Software.
Business Plan relating to the Sales of a new Financial Divorce Software
Keys to Success
Legal Form of Ownership
Location and Facilities
Products and Service
Ps of Marketing
Financial Statements and Projections
evenue and Cost Estimate
Forecasted Profit and Loss Statement
Forecasted Balance Sheet
Financial planning is involved in every aspect of life. Individuals and businesses have to formulate their daily, monthly, and yearly budgets in order to achieve a balance between their incomes and expenditures.…
Association of Divorce Financial Planners, (2012). Divorce Financial Planning. Retrieved on July 7th, 2012, from
Blythe, J. & Megicks, P. (2010). Marketing Planning: Strategy, Environment and Context, 3rd Edition. U.K: Prentice Hall
Cadle, J., Paul, D., & Yeates, D. (2010). Business Analysis, 2nd Edition. Swindon: British Informatics Society
Francis, P. (2010). Creating the Marketing Executive of the Future Using Key Deming Principles, Journal of Executive Education, 9 (1): 127-138
Suppliers tend to have a moderate power on the steel industry. This situation is mostly determined by the switching costs of firms in the industry. Another factor of influence on this situation is represented by the importance of volume to suppliers.
It is difficult for companies to enter the steel industry. This is because of the great investments that are required in order to produce steel products or to purchase them. The limited success to distribution is another factor that increases the difficulty of addressing this industry.
3. Market analysis
This industry is characterized by an increasing demand for steel. The business sectors that report such significant demand increase of steel are represented by: the construction, the infrastructure, and automobile sectors. Producers of steel and organizations in the field tend to focus on developing user friendly steel products. This can be achieved by developing light weighted…
1. Porter's Five Forces (2010). QuickMBA. Retrieved February 10, 2012 from http://www.quickmba.com/strategy/porter.shtml .
2. Steel Industry Analysis (2010). EconomyWatch. Retrieved February 10, 2012 from http://www.economywatch.com/world-industries/steel-industry/analysis.html .
There has been little in the way of fiscal policy, and the result has been entirely predictable. ith no particular influx of spending into the economy, the recovery has generally been quite weak. ith no fiscal policy tools on the horizon, it is therefore unlikely that any improvement to the recovery will take place.
International business is also an option for a company to improve its situation. If a company wants to sell, for example, running shoes, it has a number of options for this. The company could make the shoes in one country and sell them around the world. The company could also make the shoes in a number of different countries for local sale. It is recommended that the country should take advantage of economies of scale and produce in one country. Then, the company should sell the shoes all over the world. It can use local help…
World Economic Forum (2013). Global agenda council on the role of business. World Economic Forum. Retrieved May 5, 2013 from http://www.weforum.org/content/global-agenda-council-role-business-2012-2013
Friedman, M. (1970). The social responsibility of business is to increase its profits. New York Times Magazine Retrieved May 5, 2013 from http://www.colorado.edu/studentgroups/libertarians/issues/friedman-soc-resp-business.html
Labonte, M. (2013). Federal Reserve: Unconventional monetary policy options. Congressional Research Service. Retrieved May 5, 2013 from http://www.fas.org/sgp/crs/misc/R42962.pdf
Business cluster refers to the geographical concentration of closely related businesses, suppliers, and firms belonging in a given field. The primary objective of forming these clusters is to boost the productivity with which firms compete at both national and international levels. Clusters are also crucial in the strategic management processes. This article discusses the benefits of such clusters, the management at domestic and international scales, and the negative aspects of clustering (DeWitt, Giunipero & Melton, 2006).
Concentrated clusters promote the management of supply chains by developing strong relationships between the customer and supplier. Employing the concept of concentrated clusters enhances the benefits a company derives from its interaction by linking various companies and other business entities within the same industry. Operating in concentrated cluster enables firms to understand the precise needs of customers and vice versa. With this situation in place, businesses are able to establish permanent clientele who in…
Fischer, M. (2007). Determination of Critical Success Factors for the Development of Biotechnology Clusters. New York, NY: GRIN Verlag
Porter, M.E. (2000). Location, Clusters, and Company Strategy; Oxford Handbook of Economic
Geography. Oxford: Oxford University Press
DeWitt, T., Giunipero, L.C., & Melton, H.L., (2006). Clusters and supply chain management:
Business Manager 0668
Tools for customers
E-commerce payment solutions
Search Engine Optimization
Strategies for improvement
Search Engine Optimization and webpage rankings
Global business diversity
Customer elationship Management
Website integration of tools
Discuss how you will facilitate customer payment using e-commerce solutions (e.g., how the transaction will take place, including the tools customers will use).
The customer transactions and payments are one of the important elements of e-commerce strategy. The businesses are required to offer a secure and trust worthy system for their client to manage the financial transactions. There are different transactions handling methods used by the e-commerce-based organizations. These payment methods should be aligned with the overall business transaction handling process as well as appropriate selection of tools and e-payment solutions.
The transactions of products produced under the label of Sunny Day salon are mainly related…
Buttle, F. (2012). Customer relationship management.USA: Routledge.
Kent, P. (2012). Search engine optimization for dummies. USA: John Wiley & Sons Inc.
Kim, C., Tao, W., Shin, N., & Kim, K.S. (2010). An empirical study of customers' perceptions of security and trust in e-payment systems. Electronic Commerce Research and Applications, 9(1), 84-95.
Ojeda-Zapata, J. (2011). iPad Means Business: How Apple's Tablet Computer is Changing the Work World. USA: Happy About.
Business Society and Corporate Values
There has indeed been a great deal of discussion regarding CEO compensation, which is rightly viewed as being completely out of line. The core problem and cause of inflated CEO salaries cannot be attributed to a single reason, but is rather the result of a range of inter-connected factors. What is definitive is the fact that these salaries have inflated over time; this is in part due to the fact that greed is a progressive, boundless factor. "According to the Economic Policy Institute, in the late 1970s, total compensation of chief executives in large American corporations was 35 times that of the average American worker. In 2007, it was 275 times that" (Borger, 2007). These facts alone demonstrate that there is good reason to be in a state of alarm. The reasons for such severely inflated and remarkably unjust salaries are a result of the…
Ball, P. (2012, July 4). GlaxoSmithKline's bribes are evidence that Big Pharma isn't working. Retrieved from Guardian.co.uk: http://www.guardian.co.uk/commentisfree/2012/jul/04/glaxosmithkline-big-pharma-not-working
Borger, J. (2008, September 5). Why do CEOs make so much? Retrieved from Minnpost.com: http://www.minnpost.com/politics-policy/2008/09/why-do-ceos-make-so-much
Boselovic, L. (2011, May 15). Rajaratnam case puts big chill on insider trading. Retrieved from post-gazaette.com: http://www.post-gazette.com/stories/business/news/rajaratnam-case-puts-big-chill-on-insider-trading-297777/
Choudhury, U. (2011, October 14). Rajaratnam becomes a 'whipping boy' for Wall Street misdeeds. Retrieved from firstpost.com: http://www.firstpost.com/business/rajaratnam-becomes-a-%E2%80%98whipping-boy%E2%80%99-for-wall-street-misdeeds-107346.html
Business & Society
In one paragraph, supported by evidence in your text and from other research, describe two forces that you believe shape the relationship between business and society. Provide two examples (one for each force you choose). Look for flaws and strengths in specific examples and applications.
There are several factors that determine how the business relates to the society. One of these factors is the ever-changing expectations of the society and the ethics Lawrence, Weber, & Post, 2005, pp. 27.
This is what has caused many organizations to adopt corporate social responsibility. Corporate social responsibility, more commonly known as CS or corporate citizenship, is where the business attempts to understand the community and environment in which it is operating and how its activities are affecting the community and environment and thus it devices strategies to eliminate any negative effects and encourage activities which increase the positive effects. In…
Lawrence, A.T., Weber, J., & Post, J.E. (2005). Business and society: stakeholders, ethics, public policy. New York, NY: McGraw-Hill/Irwin.
Stuhl, O. (2011). Review: Everything but the Coffee: Learning about America from Starbucks. Gastronomica: The Journal of Food and Culture, 11(3), 109-110.
In certain situations the landed cost can also include customs duties, and other taxes that apply to the shipment in case.
Shipping and insurance -- 7.5% of the product's cost.
Packaging -- 5% of the product's cost.
Profits -- 20% of the product's cost.
Organic bread landed cost - $15+7.5%+5%+20% = $19.2
Organic fruits landed cost - $17 +7.5%+5%+20% = $21.76
Organic vegetables landed cost - $16 +7.5%+5%+20% = $20.48
Organic desserts landed cost - $32 +7.5%+5%+20% = $40.96
Organic cheese landed cost - $45 +7.5%+5%+20% = $57.6
Organic wine landed cost - $46 +7.5%+5%+20% = $58.88
The landed cost is established in accordance with the profits requirements of the company. The company must also identify the profits that distributors in Germany are interested in. This is intended to help Naturally Green develop a pricing strategy that can satisfy the company, its distributors, and its customers. It is important to…
1. Industry Statistics and Projected Growth (2012). Organic Trade Association. Retrieved November 21, 2012 from http://www.ota.com/organic/mt/business.html .
2. Germany (2012). CIA, the World Factbook. Retrieved November 22, 2012 from https://www.cia.gov/library/publications/the-world-factbook/geos/gm.html .
3. Landed Cost (2012). Business Dictionary. Retrieved November 22, 2012 from http://www.businessdictionary.com/definition/landed-cost.html .
Business Financial Plan for Sweet Tooth Treats
Baking has always been a major part of my family life, and for generations there has been infamous cookie recipes past down from one cook to the next. Every holiday season, my cookies are notorious for being the best any gift receivers have ever had. Finally, I believe it is time to make my baking hobby and actual money making enterprise. I know I have the recipe, the potential customers, and options for both retail space and an online presence. The only thing missing is the initial push to make this hobby an actual business -- Sweet Tooth Treats.
Business Start Up Plan
The essentially product here is the various cookies, of different flavors and ingredients. I have several recipes for cookies, both permanent and seasonal variations. These products will be sold in both individual sales at a retail location,…
Colorado Small Business Association. (2012). The beginning balance sheet. Documents. Web. https://www.coloradosbdc.org/DocumentMaster.aspx?doc=4
Damrauer, Virginia Hire. (2010). One Good Cookie. National University. Web. http://www.academia.edu/346438/One_Good_Cookie_A_Business_Plan
Hub Pages. (2012). How to start your own cookie business from home. Small Business and Entrepreneurs. Web. http://kathrynvercillo.hubpages.com/hub/Start_Your_Own_Cookie_Business
Office of Financial Management. (2012). Generally Accepted Accounting Principles (GAAP). Accounting Principles. Web. http://www.ofm.wa.gov/policy/80.20.htm
Stakeholders may also exercise political power indirectly, for example, during protests by environmentalist on a government move.
Lastly, the stakeholders have legal power. Legal power means they can sue the business firm if they feel they unfairly treated by the business firm. This happens when they sue a corporation for damages due to harm caused by the firm on the stakeholder. An example is a lawsuit by customers for damages caused by consuming, or using unsafe goods or services, brought by employees damage caused by injury at work, or brought by environmentalists for damages on the environment either by water polluting, air pollution, or by harm to habitats and species of animals and plants (Weber & Lawrence, 2011).
In order to start a coalition with the stakeholders, the CEO needs to hold a first meeting with them. The meeting should have some characteristics, which include optimism, have energy, and signal…
Weber, J. & Lawrence, T.A. (2011). Business and Society. Stakeholders, Ethics, Public Policy,
3rd ed. Unites States, USA: McGraw-Hill Company.
Kokemuller, N. (2013). How Do Stakeholders Influence Business Activities? Chron. Retrieved from http://smallbusiness.chron.com/stakeholders-influence-business-activities-18754.html
Loewenstein, M., Holt, C. & Rabinowitz, P. (2013). Identifying and Analyzing Stakeholders and Their Interest. Community Toolbox. Retrieved from http://ctb.ku.edu/en/table of contents/chapter7_section8_main.aspx
hen this happens, actuaries can use the data that was collected to provide a clear picture of what is taking place inside the various segments of the firm. ("Sarbanes-Oxley Act") (Holland)
Obtaining a complete list of all business units is where the off the books activities and any type of outside partnerships are disclosed to managers. This helps them to determine the extent of these arrangements on the company and the impact of the actions of other entities. Once this takes place, is when actuaries will have a better understanding of what is occurring and how this is contributing to the corporation's growth. ("Sarbanes-Oxley Act") (Holland)
Performing a risk assessment is when executives will determine if there are any kinds of actions that pose a threat to the firm. This allows them to see if questionable areas are a possible danger and the lasting impacts it will have on the…
"Sarbanes-Oxley." Deloitte, 2010. Web. 29 Jun. 2013.
"Sarbanes-Oxley Act." Price Waterhouse Coopers, 2004. Web. 29 Jun. 2013.
"Sarbanes-Oxley Act 2002." Investopedia, 2013. Web. 29 Jun. 2013.
Holland, Jessica. "Ensuring Compliance with Sarbanes-Oxley." University of South Carolina, 2006. Web. 30 Jun. 2013.
Business Entities, Laws, And egulations
This paper will focus on the challenges faced by one start-up businesses and an established company with labor issues. For the start-up, a birth clinic, a case needs to be made for the type of business entity they should each use. The established company is a construction company whose business entity must be identified and employment law pertaining to the scenario will be discussed. For each business, identification of the best business entity for the given situation needs to be accomplished first. The decision of the type of business entity will take into consideration control, taxation, and liability issues. eview of the laws and regulations that each ownership group must consider and identification of risks that the businesses should protect against will be discussed. eview of the construction company's business structure and how it affects control, taxation, and liability issues along with how employment law…
Cheeseman, H.R. (2010). The legal environment of business and online commerce: Business ethics, e-commerce, regulatory, and international issues. (6th ed.) Upper Saddle River, NJ: Pearson Prentice Hall.
University of Phoenix. (2010). Course syllabus. Retrieved from University of Phoenix, BUS415 - Business Law website.
This means that you must continually monitor and communicate about possible changes, pertaining to the overall scope of the threat. Once this occurs, is when an entity will have an effective security procedure that will adapt to the various changes that are taking place.
This is significant, because this information can be used to corroborate the overall nature of security threats that could be faced by the SME. Where, this information is useful in helping to identify and address possible operational considerations that must be taken into account. As a result, this will help to provide not only a glimpse of possible security challenges that will be faced, but it will also help to establish an effective IT security protocol.
When you compare this with the previous source, this information can be used to highlight specific security threats that the company we are examining could face. Where, it discusses the…
E Commerce Growth. (2010). Strategic E-Commerce Solutions. Retrieved from: http://www.sescommerce.com/ecommerce-growth.asp
Internet Usage Statistics. (2010). Internet World Stats. Retrieved from: http://www.internetworldstats.com/stats.htm
PEW Wireless Internet Usage Rising. (2010). Wireless Week. Retrieved from: http://www.wirelessweek.com/News/2010/07/PEW-Wireless-Internet-Use-Rising-Mobile-Content/
Reflective Writing. (2010). UNSW. Retrieved from http://www.lc.unsw.edu.au/onlib/pdf/reflective.pdf
As a strategist for JetBlue I would find differentiation to be the most difficult. The discount airline business is highly commoditized and vigorously competitive. Sources of differentiation are scarce. All competitors have almost equal access to the same technology and same routes. Competitors attempt to differentiate based on service levels, yet none of their service initiatives are a source of sustainable competitive advantage. Furthermore, differentiation is not the main driver of profitability in this sector. Cost control is, but many of the major costs such as airplane leases, landing fees and fuel prices are relatively fixed so acute focus must be placed on the more controllable areas, including those which affect the same service levels upon which differentiation is built.
Sandberg, Kirsten. (2005). inning Customers Through People and Technology: A Conversation with Jeffrey Rayport. Harvard Business School Press. Retrieved April 8, 2008 at http://www.bestfaceforward.info/DocumentDisplayServlet.srv?url=%2FUploadDocumentDisplayServlet.srv%3Fid%3D31157.
Sandberg, Kirsten. (2005). Winning Customers Through People and Technology: A Conversation with Jeffrey Rayport. Harvard Business School Press. Retrieved April 8, 2008 at http://www.bestfaceforward.info/DocumentDisplayServlet.srv?url=%2FUploadDocumentDisplayServlet.srv%3Fid%3D31157.
Cons are that SBUs add a layer of management, the SBU executive. This gives rise to organizational complexity at high levels, including potential conflicts with regards to senior management roles and performance recognition.
A line of business structure has the benefit of being very product-focused. This allows decisions to be made at a level much closer to the day-to-day operating environment of each product. This structure, however, encourages duplication of staff functions. Moreover, each business line is removed that much further from the corporate objectives, and corporate executives risk losing touch with individual lines of business, leaving them unable to respond or react to problems quickly.
Matrix structures combine two or more other structures. This encourages cooperation across business and functional units, and refocuses everybody on what is best for the company as a whole, rather than their individual area. This in turn creates a system of balances. However, matrix…
References no author listed) (2008). Five Formal Organization Structures. Family Business Institute. Retrieved May 15, 2008 at http://www.family-business-experts.com/organization-structures.html
Suppliers also exert significant influence in terms of their ability to demand higher prices in scarcity, and can use product quality as a differentiator. From the standpoint of a company relying on suppliers, the use of quality management audits (LaLonde, addatz, 2002) can be an equalizing force in the balance of power in a relationship with a supplier. Given the fact that buyers have significantly greater influence on the continual income stream of a company and the potential of replacing a supplier or discontinuing an unprofitable product, loss of profits from a supplier would be more recoverable from relative to that of a powerful buyer.
Patricia C. La Londe, Janet . addatz. (2002). Tools for improving customer-supplier relationships. The Journal for Quality and Participation, 25(3), 12-18. etrieved March 21, 2008, from ABI/INFOM…
Patricia C. La Londe, Janet R. Raddatz. (2002). Tools for improving customer-supplier relationships. The Journal for Quality and Participation, 25(3), 12-18. Retrieved March 21, 2008, from ABI/INFORM Global database. (Document ID: 281227431).
Summarize the actions that lead to the lawsuit.
The actions that lead to the lawsuit are from an Ace Hardware franchisee alleging that they were defrauded by the company. What happened is oy and Pattie Ewers are suing based on the fact that the company deceived them into buying a well-known hardware store in Northern Virginia (named Fisher Hardware). The basic idea is that the Ewers' would make an initial purchase. While Ace, set up the franchise and helped the facility to build upon the customer base that was established over 60 years. ("Ace Hardware Lawsuit," 2012)
However, after the Ewers' received a $1.8 million SBA loan is when they were facing numerous difficulties with a supply chain that was filled with bugs. To make matters worse sales were much lower than the financial figures that oy Ewers examined before purchasing the store. The combination of these factors…
Ace Hardware Lawsuit. (2012). WHLA. Retrieved from: http://www.wjla.com/articles/2012/08/ace-hardware-lawsuit-fischer-s-hardware-owners-claim-ace-ruined-business-78662.html#ixzz2EzL0SOQP
Barkoff, R. (2008). Fundamentals of Franchising. Chicago, IL: American Bar Association.
Barney, J. (2012). Purchasing, Supply Chain Management and Competitive Advantage. Journal of Supply Chain Management, 48 (2), 3 -- 6.
Cross, F. (2011). The Legal Environment of Business. Mason, OH: South Western.
UK National Environment
In UK, the allocation of resources is purely based on the forces of demand and supply. This form of economy is a free economy in which competition is embraced and firms have to become efficient to increase their level of competitiveness. The government only intervene to provide the necessary infrastructure and to ensure that consumers are not exploited by the businesses. Besides, the government will formulate policies that ensure fair competition and collect revenues for the country development agenda. With these, businesses must ensure that they operate within the law and abide by the regulations that are set by the state. Barr Company can therefore conduct business in a competitive industry without government interference on what form of business to do or the amount of prices to charge on their products. The management has large latitude of choice to make on how to produce, what to produce,…
2003. Soft drinks in the UK, London, Euromonitor.
A.G., B.P.L.C. 2012. a.G, Barr plc financial results 2012 [Online]. Available: http://www.agbarr.co.uk/agbarr/newsite/ces_docstore.nsf/wpg/1B9A74B86C552270802579CD00485134/$file/Final%20results%20announcement%20January%202012.pdf .
AGRAA, a. 2007. The European Union: economics and policies (8th ed.), Cambridge, Cambridge University Press.
BOTHA, a. & KOURIE, D. 2008. Coping with continuous change in the business environment:knowledge management and knowledge management technology, Oxford, Chandos Pub.
In the modern business environment, communications policies also pertains to electronic transfer and storage of business information and correspondence. Likewise, communication policies dictate the rules differentiating permissible and impermissible uses of communications equipment for personal use as well as the privacy rights (if any) permitted employees on company time and equipment. Finally, communications policies also outline the expected protocols for business communications between co-workers, particularly with respect to the expected supervisory functions (ussell-Whalling 2008).
In my current company, the organizational culture permits "reasonable" personal use of company equipment and time, provided it does not amount to more than a nominal expense or compromise any aspect of efficient business operations. The privacy rights of employees to personal information disclosed or stored on company equipment is nonexistent and explicit acceptance of that policy is ensured through the computer log-in system that requires daily confirmation in the log-on process.
Business ethics reflects a…
Daft, R. (2005) Management 7th Edition. Mason: Thomson South Western.
Russell-Whalling, E. (2008) 50 Management Ideas You Really Need to Know. London: Quercus
Instead they are being left in family homes, alone while family members work to pay the bills.
One of the problems with government regulations and business is that often times the regulation applies across the board with little regard to the size of the business or the size of the population that the business serves.
To implement a regulation to businesses across an entire geographic area can harm the business in the small town. Why should the same regulation apply to a business in a town of 330 as a business in a town of 1.5 million residents? To comply with certain government regulations businesses in small towns are often left with no choice but to close the doors.
Existing regulations already put a huge burden on the U.S. economy, more than $600 billion per year, according to detailed studies by economist Thomas Hopkins of the ochester Institute of Technology.…
Bass, Gary (1995) Government Regulations are an Essential Part of Life
Blockbuster anti-trust case thrown out. (Law & Regulation).(Brief Article)
Every company has corporate governance initiatives in place. Consider that corporate governance simply refers to how the company is run and controlled. The current usage of the buzzword derives from the issues that a few companies had where executives or managers were not subject to appropriate levels of governance. Thus, the guidelines issued recently by the OECD, the ASX, the Combined Code and in Sarbanes-Oxley serve to institutionalize stronger corporate governance policies in order to strengthen public confidence in capital markets. Most companies would already be following these guidelines.
For example, the first category covered by the Combined Code is about the Board of Governors. Boards of Governors have always been responsible for corporate governance -- for our company not to have any governance policy would imply that it does not have a Board. hat is recommended is that the Board has specific features and structures. One recommendation…
ASX: Corporate governance. (2011). Retrieved November 30, 2011 from http://www.asx.com.au/governance/corporate-governance.htm
Friedman, M. (1970). The social responsibility of business is to increase its profits. New York Times Magazine. Retrieved November 30, 2011 from http://www.colorado.edu/studentgroups/libertarians/issues/friedman-soc-resp-business.html
No author. (2011). Management compliance guide. Sox Toolkit. Retrieved November 30, 2011 from http://www.soxtoolkit.com/sox-govern.htm
OECD principles of corporate governance. (2004). Retrieved November 30, 2011 from http://www.oecd.org/document/49/0,3746,en_2649_34813_31530865_1_1_1_1,00.html
Business Plan Assisted Living Facilities
Residential and Day Treatment Facility
Residay Home and Residential Care provides assisted living solutions for senior adults. Residay Home and Residential Care is dedicated to making the provision of the highest quality care to senior citizens requiring or desiring an assisted living facility. Residay Home and Residential Care is located in the Tennessee Valley Area of North Alabama and is an alternative to the generally larger and less personal senior assisted living facilities specializing in the ability to make provision of a very high level of care in a smaller and more personal environment. Residay Home and Residential Care makes provisions of assistance to seniors in their activities of daily living including assisting with medication, meals, reminders, personal grooming, physical therapy and other such assistance. Further provided by Residay Home and Residential Care are opportunities for companionship, entertainment, and activities, which seniors enjoy…
Administration on Aging, Department of Health and Human Services (2005). Fact Sheets: Eldercare Locator.
Administration on Aging. (2004). Report to Congress. Long-term Care Ombudsmen Report, Fiscal Year 2004. Washington, DC: U.S. Department of Health and Human Services, Administration on Aging.
Agency for Healthcare Research and Quality. (1996). Medical Expenditure Panel Survey: Nursing Home Component. Retrieved from: http://www.ahrq.gov/data/mepsweb.htm#Nursing .
Alabama State Board of Health, Alabama Department of Public Health, Division of Licensure and Certification Administrative Code. Chapter 420-5-4 Assisted Living Facilities. Retrieved from: http://www.alabamaadministrativecode.state.al.us/docs/hlth/420-5-4.pdf
It is as such necessary to assess it in light of the negative consequences it might generate, the resources available to the company so that it reduces the threat of the problem and finally, the criteria which need to be satisfied in order to state that the problem has been resolved (Principia Cybernetica Web).
a) Problem components: different views manifested primarily in cultural barriers (such as language barriers); lack of experience in the field of delivery services; the role of women in the workplace is still decreased and it has only improved recently as a result of the epidemics and the necessity for more labor force; gender discrimination could raise problems and it must be limited, if not at all eliminated. Bribery is also a growing problem in the region and the efforts of the delivery subsidiary could be easily compromised -- these problem components also represent the reasons as…
Canwell, D., 1998, Marketing Campaigns, Cengage Learning EMEA
Wherther, W.B., Chandler, D., 2005, Strategic Corporate Social Responsibility: Stakeholders in a Global Environment, SAGE
2009, Our Company -- Mission, Strategy, Values, FedEx Website, http://about.FedEx.designcdt.com/our_company/company_information/mission_statement last accessed on August 10, 2009
2009, Our Customers, FedEx Multimedia Center, http://mediacenter.FedEx.designcdt.com/video/our_customers last accessed on August 10, 2009
In the long run, Machan & Chesher's argument makes sense -- care for the health and safety of company employees and see the company grow more profitable! Care for one's own health and one will be a better employee! However, management does not always take the long-term vision that, 'if I allow my employee to take a day off for the flu, he or she will be more productive upon his or her return, and not infect other employees.' Employees may be told to come in to the office when they are sick or else they will be fired. Thus, they risk their own health or the health of others, to make a quick return on the corporation's investment in an employee. Also, an adolescent or even a twenty-year-old on his or her first job may have a sense of invincibility, and do imprudent things, like speed to deliver pizzas,…
P&G has recognized that there are three pillars needed to support its sustainable development strategy. These include environmental protection, economic development, and social responsibility (MacNealy, 2007).
Summary and Future esearch ecommendations
Procter and Gamble's commitment to sustainability has been shown by its development of new products. Product development is geared towards the preponderance of consumers who would like to improve sustainability outcomes without comprising value or quality. During 2008, Procter and Gamble was able to diminish packaging waste by changing many of their standard carton packaging to a fully recyclable seal tight plastic material packaging. This modification in packaging has resulted in an 80% decrease in the amount of packaging that is being used compared to carton packaging (Lloyd, 2009).
Environmental forces disclosed by Procter and Gamble have included water usage, energy usage, carbon emissions and total waste. The company has reported that energy use at its household care plant…
Corporate Social Responsibility. (2010).Retrieved August 15, 2010, from As you sow Web site:
CSR Profile of Procter & Gamble. (2010). Retrieved August 15, 2010, from CSR Wire Web site:
Business Database Technology
The focus of this project is to design a database program for a company called Home Sweet Home that specializes in the management of properties on behalf of owners. The company offers a complete rental service for customers willing to rent furnished properties. The services delivered by the Home Sweet Home include advertising of properties in then local and national press. The company also carries out the interview and organize visit to prospective renters as well as negotiating the lease agreement. Once a customer rent a property, the company assumes the responsibilities of carrying out the regular property inspection.
Entities are the object used to track the database, and each entity is stored in the database. The entity assists in designing the ED (entity relation diagram). This paper identifies the entities that need to be used in the database design for the Home Sweet Home. The…
Hoffer, J.A. Ramesh, V. & Hiekki Topi, H.(2012). Modern Database Management (10th Edition) . Prentice Hall.USA.
Walt Disney is the largest entertainment company in the industry all over the world. Throughout the years the company ahs become a leader in the source of entertainment.an in-depth look at the company's financial processes [provides an insight of how the company became known, respected and loved by many people all over the world. Disney is a familiar household name due to the its lasting impact not only in American society but all over the world .from 1920's Walt-Disney has left an impact to people throughout the world for its entertainment which includes films, theme parks as well as resorts (Disney, 2013). Being a leading entertainment company in the world is an indication that the financial performance of Walt Disney has been secure since its inception. Everyone in the world enjoys entertainment and Walt Disney has natured and organization that provides entertainment to people just as…
Disney. (2013). Business and Ethics Standards. Retrieved September 25, 2013 from http://thewaltdisneycompany.com/about-disney/business-ethics
Disney. (2013). Code of Business Conduct and Ethics for Directors. Retrieved September 25, 2013 from http://thewaltdisneycompany.com/content/code-business-conduct-and-ethics-directors
The Walt Disney Company. (2010).Standards of Business Conduct. Retrieved September 25, 2013 from http://corporate.disney.go.com/corporate/conduct_standards2
"Rainmaking" by partners for example, is not measurable over regular short-term intervals and it takes place substantially off-premises and during non-traditional business hours.
What kinds of rules and procedures do you think the department managers will come up with? Which departments will be more formalized? Why?
Manufacturing departments should be more formalized than research and development departments. Manufacturing managers may allow a certain amount of flexibility or choice of hours, but with sufficient structure to ensure that staffing needs are met in full at all times. To the extent that manufacturing output is quantifiable and that output corresponds to the productivity of individuals, short-term evaluations may be appropriate. If off-site privileges manufacturing operations are particularly susceptible to abuse in any department, restrictions would be appropriate, particularly where there is no potential benefit to the organization. Research and development departments may be able to allow greater individual independence and autonomy over…
n turn, the Return on Equity, which is calculated my multiplying the Du Pont variables listed above, will most definitely be altered. The potential for return is, naturally, one of the most relevant factors for investors in determining if a stock is a worthy investment, and if so, how much of it to buy. A "downward" change in the ROE will most likely have a detrimental effect on stockholders who bought the Krispy Kreme stocks based on their projected profit margins, asset utilization and debt projections.
Another factor involved in the Krispy Kreme restatement is the news that an SEC investigation will be undertaken. As the main concern of a publicly-held corporation ought to be profitability for the shareholders, any potential criminal or Sarbanes-Oxley violations are deleterious to these investors, and would most likely have created hesitation on the part of investors to buy Krispy Kreme if these actions had…
In light of these detrimental effects, a restatement of company assets, projected profits and debts, and other factors in determining the shareholders' return on equity will almost certainly be harmful not only to the individual stockholders of Krispy Kreme, but to the company as well by reducing investor confidence in the stock. Milton is correct in his reluctance to recommend the stock although he does believe that it will be profitable in the long run due to these factors.
Article: Dennis Milton, The Holes in a Krispy Kreme Rally, Business Week online 1/19/05
This is when the overall amounts of responsibilities are limited to: the percentage of ownership of the different shareholders. As a far as control is concerned, this means that management must carefully monitor who they are hiring to work as the jackhammer operator. The reason why, is because of the possibility of the on the job injuries that are work related. Taxation issues are limited mainly to the percentage of ownership of the various shareholders. As all income from the business will be divided and reported on the individual tax returns of the business owners. The possible liability issues include: workplace injuries, negligence and the loss of income that an employee can claim (in the event they are injured). To protect itself against the different risks, the business needs to have policies in place that will monitor the activities of managers, to ensure that they are following all regulations. This…
What is a Limited Liability Company. (2011). Wise Geek. Retrieved from: http://www.wisegeek.com/what-is-a-limited-liability-company.htm
Astarita, J. (2009). Introduction to Private Placements. SEC Law. Retrieved from: http://www.seclaw.com/docs/pplace.htm
Eadie, J. (2011). Using Private Placement Strategies. Covenant Info. Retrieved from: http://covenantmfo.com/blog/2011/3/17/using-private-placement-strategies-minimize-tax-headaches
Schied, J. (2009). What Rules do Franchises have to Follow. Bright Hub. Retrieved from: http://www.brighthub.com/office/entrepreneurs/articles/55272.aspx
In addition, we might ask ourselves if the richer nations have or not a greater responsibility as far as the research and development in the area of sustainable energy are concerned. (Reid, environmentalleader.com)
elieving that there are such energy sources or consumption policies which would allow the planet's resources to be maintained for a longer period, while making sure that all the nations are provided with a comfortable living is rather naive. Under these circumstances, it has been argued that doing the moral thing means choosing the least terrible solution. The problem is that this implies a relativistic evaluation of the matter which impacts the manner in which the moral principles are conceived.
efore stepping into a debate regarding the character of the moral principles, we may state that we agree with the opinions which state that there is no such thing as objective moral principles."Ethics can be seen as…
Aristotle, Nicomachean Ethics (Ross, W.D. Translator). Retrieved fromhttp://socserv.mcmaster.ca/econ/ugcm/3ll3/aristotle/Ethics.pdf September 30, 2010
Hartman Laura P. & Joe DesJardins. Business Ethics Decision Making for Personal integrity & Social Responsibility, Second Edition
In this case the affair did not have any apparent effect on the business. In fact during the time of the nearly two-year affair profits actually rose. However the whistle blower believed that the affair was morally wrong, particularly because the boss was married with children.
The whistleblower believed that ultimately the affair would be detrimental to the business so he blew the whistle. He believed that the affair was an indication that the boss was a poor decision maker and that this poor decision making would ultimately cause the business some harm. Some people believed that he was not obligated to tell of the affair. However, others argued that it would be just a matter of time before the decisions that he made in his private life would affect the manner in which the business was run. In this instance the idea of preventing harm encompassed a broad scope.…
Dahlsrud A. (2006) How Corporate Social Responsibility is
Defined: an Analysis of 37 Definitions. Corporate Social Responsibility and Environmental Management.
Davis, Michael. Some Paradoxes of Whistle Blowing. Business and Professional Ethics Journal. 15 (1)
McWilliams A., Siegel D.S. Wright P.M. (2005) Corporate Social Responsibility: Strategic Implications. Retrieved November 24 from; http://www.economics.rpi.edu/workingpapers/rpi0506.pdf
Independent dealers must sign a contract that sets forth the manner in which they will operate their rental centers. Often a small business owner will supplement their income be adding U-Hauls to their market mix. Independent contractors earn a commission on their sales.
Each division of AMERCO has it own president. All of them must report to a Board of Directors. The Chairman of the Board and overall President is Edward Shoen, descendent of the original founders of the company. Many members of the Shoen family still control much of the company (Google Finance). Little information is available about the company, aside from their financial statements. Although they have a Board of Directors, the company continues to operate as a family-style operation, with the family members occupying many positions in upper management. The company structure is simple and little is available beyond basic information.
Purchasing Contract Analysis and the UCC…
Ceh v. UHaul International, Inc., 11th district court of appeals, No. 04-10031.
A www.ca11.uscourts.gov/opinions/ops/200410671.pdf. Accessed January 22.
Company News; U-Haul's Parent Seeks Bankruptcy Protection." June 21, 2003. New
York Times. http://query.nytimes.com/gst/fullpage.html?res=9800EFDF173BF932A15755C0A9659C8B63 . Accessed January 23, 2007.
Ethical issues and dilemmas have always been hitting the operational performance and sustainability of business organizations. They directly affect the way an organization formulates and implements its policies, operates as an active participant in the industry, and competes with other organizations for the sake of accomplishing its strategic objectives. Ethical issues may relate to the organization's social responsibility or corporate responsibility; both are vital for the organization to ensure a sustainable future in its industry. This paper discusses an ethical issue which was faced by one of the world's most admired organizations -- Apple Inc. The main purpose of the paper is to highlight the ethical issue in which Apple was involved; the consequences of the ethical issue and the individuals involved in the process. The paper starts with a brief introduction to Apple; its main product offerings, industry, scale of operations, and major strategic decisions which it…
Apple, (2012). Labor and Human Rights. Retrieved on September 26th, 2012, from
Enderle, R. (2010). Apple and the Ethical/Business Problems of Child Labor and Other Unsavory Practices. Retrieved on September 26th, 2012, from
Hinks, P. (2012). Apple's new leader faces ethical dilemmas at Foxconn. Retrieved on September 26th, 2012, from
Hyatt, J.C. (2012). Apple, Foxconn, Promise Improvements for Workers. Retrieved on September 26th, 2012, from
Pattern of Ethical Challenges
One company that consistently makes the news because of ethical issues is Walmart. This essay examines business ethics as practiced at Walmart.
Founded in 1962, Walmart has grown to sales of $405 billion and more than 2.1 million associates worldwide. The company is now ranked as the world's largest retail chain. But that explosive growth has also made Walmart an exceptional target. How many companies can boast of their own dedicated watchdog organizations, whose sole purpose is monitoring the company's performance on a wide range of issues related to business ethics? Walmart is such a company, although it would probably prefer otherwise. According to the website of Walmart Watch, it exists solely to "hold Walmart fully accountable for its impact on communities, the American workforce, the retail sector, the environment and the nation's economy" (Walmart Watch, 2011). Launched in 2005, Walmart Watch's stated purpose…
Business and Corporate
business strategy analysis of kraft foods
Analysis of Business Level Strategy
Kraft Foods Inc. is the second largest food company in the world and makes annual revenues in excess of $54 billion (Kraft Foods Annual eport, 2012). It operates in a highly competitive consumer foods industry where high volume sales are essential for competitive success. Tapping into new markets and growing one's brand portfolio are also important for growth and success.
Kraft Foods Inc. pursues a number of business-level strategies to support its corporate level strategies. The business level strategies are determined by answering the question How do we compete? (Ireland, Hoskisson & Hitt, 2008). Kraft Foods Inc. has selected product differentiation and brand development as its primary business level strategy. Product differentiation involves creating and conveying to the consumer a unique feature of the product portfolio that distinguishes the company from the competition and…
Furrer, O. (2011). Corporate level strategy: Theory and applications. (p. 2). Routledge
Ireland, R.D., Hoskisson, R.E., & Hitt, M.A. (2009). Understanding business strategy: Concepts and cases. (p. 88). Cengage Learning
McKern, B. (2003). Managing the global network corporation. (p. 125). Routledge
O'Grady, T.P., & Malloch, K. (2010). Innovation Leadership. (p. 371). Jones & Bartlett Learning.
Because the internet is such a public place, policies would differ depending on where the e-commerce company would like to offer its business. The decision making in this area should be based on the state in which the company is headquartered at, if there would be a physical location for the company.
A challenge which an e-commerce manager can face is in regards to purchasing a software which might not satisfy the needs of the company. This will put the capital of the business out of balance. The negative side about purchasing software can be that they purchased one which does not carter to their needs entirely, or lacks some features which are crucial for their business or organization to thrive ("Acquiring Information Systems," n.d.). Even though the buy option may look like a good idea for newcomers in the it world, it does not allow for any modifications…
Acquiring Information Systems and Applications (n.d.) WileyPLUS Web. Retrieved from http://www.wiley.com/college/rainer
Rainer, R.K., & Turban, E. (2008). Introduction to Information Systems: Supporting and Transforming Business, 2nd Ed. Retrieved from http://bcs.wiley.com/he-
As in the case of explosive manufacturing and housing wild animals, running a commercial gas station is a commercial activity that is inherently dangerous no matter what precautions the operator takes to prevent accidents that could cause harm to others.
Running a gas station is an ultra-hazardous activity whose dangers can be mitigated as much as possible, but the very nature of the activity is impossible to make completely safe. Therefore, unlike the situation in the supermarket, any injuries suffered by victims of a fire or an explosion caused by the gas station's stored hazardous liquids would not require any showing of negligence on the part of the gas station owners or operators. (Of course, if the plaintiff was injured in a slip and fall in the cashier area and not because of the inherently dangerous aspect of gasoline storage, the same requirement would apply with respect to establishing a…
The U.S. Navy falls more towards the engaged end of the continuum but they are not as actively engaged as Costco. The Navy's ethics relate to its core values. In many respects, honesty and integrity are crucial to the Navy's success. This is certainly the case with respect to internal interactions. ith respect to external interactions, however, the Navy moves away from active ethical behavior towards relative indifference to the issue. To some degree this is necessitated by the work the Navy must do. Combat work and other issues relating to national security occasionally require that the Navy not treat all stakeholders equally well. Such activity, secrecy or lack of public accountability is not actively unethical; it is simply necessitated by circumstances. However, the majority of activity of the U.S. Navy is conducted according to high ethical standards, which puts them towards the engaged end of the continuum.
Goldberg, Alan B. & Ritter, Bill. (2006). Costco CEO Finds Pro-Worker Means Profitability. ABC News. Retrieved April 11, 2009 from http://abcnews.go.com/2020/business/story?id=1362779
US Navy Ethics site. (2009) Retrieved April 11, 2009 from http://ethics.navy.mil/
This would have been a truly unethical action.
The second objection that can be brought to the sustained thesis is represented by the fact that censorship is a violation of several human rights. These rights include the right to freedom of speech, the right to self-expression and the right to be well informed. It might be argued that Google made a mistake and created a precedent, proving that totalitarian regime scan impose their rules even upon independent companies because these companies are more interested in obtaining financial profits rather than defending human rights and liberties.
This may be true to a certain limited extent. Supposing that Google had refused to implement its dot cn service. In this manner it would have made a statement regarding censorship and freedom. but, at the same time, it would have failed to serve the Chinese people in any way.
An action of this kind…
Martin, K.E. "Google, Inc., in China (condensed)." Business roundtable Institute for Corporate Ethics. 30 October 2008. http://www.darden.virginia.edu/corporate-ethics/pdf/BRI-1004.pdf
Mill, J.S. "Utilitarianism." Google Books online. 30 October 2008 http://books.google.it/books?hl=it&id=9PE1LARQNV8C&dq=utilitarianism&printsec=frontcover&source=web&ots=54SBhkL_2p&sig=jUOgPaHFZE0wtGFE9IPUjqiAE8Q&sa=X&oi=book_result&resnum=4&ct=result
Coyne (ISO, 2007).
Under Mr. Coyne's direction, ISO maintains a regular cycle of community relations events with charitable themes emphasizing the corporate focus of benefiting the community. ISO also provides varied opportunities for employees to incorporate their families into ISO functions as well as recreational activities designed to promote good employee relations. At ISO, periodic progress reviews and regular feedback from supervisors allows employees to maximize their career potential by rewarding performance with regular financial raises and opportunities to advance up the hierarchical ladder (ISO, 2007).
Communication, Diversity, and Business Ethics:
ISO welcomes diversity in its workforce and encourages applications from all sectors and academic institutions. ISO corporate policy and employee handbook specifically stress the importance of maintaining a culturally diverse working environment where employees of all backgrounds and cultural practices are equally welcome. While New Jersey does not require employers to offer health insurance and other benefits to non-married…
Kinicki, a., Williams, B. (2005) Management: A Practical Approach. New York: McGraw-Hill.
Insurance Services Offices, Inc. Public Homepage. (2007) Accessed, October 28, 2007, at www.iso.com.
Insurance Services Offices, Inc. (2005) Employee Handbook.
Business Message: Wyndham Hotel Customer Survey Message
Almost every consumer is familiar with this type of form letter request for information from a business. The purpose (intention or goal) of such messages is twofold. First and foremost, it is designed to elicit information that may be useful to the company (the sender or transmitter) in terms of how it offers its services. If, for example, mothers with children complain that there are insufficient play facilities on the premises, Wyndham can add more child-friendly spaces in its hotels that attract a wide variety of families. Offering a place to air grievances also enables the hotel to 'make up' to a dissatisfied customer (the reader or receiver). It is rare that the average dissatisfied customer cannot be pacified with a free night at the hotel or a full or partial refund for the services he or she was dissatisfied with -- and…
A useful recommendation in this sense is represented by the contracting of a local law firm to ease the company's penetration into the region and to help us understand and overcome the initial barriers. But aside from understanding and complying with the regulations, it is also essential to understand and comply with the cultural features.
India is one of the oldest and most impressive global cultures. And its culture has also impacted the means in which business is conducted. One specific means is represented by the language barriers which are raised. And not only that the representatives of the two countries would speak different languages, it is highly possible that the representatives of India speak different languages among themselves. This is because the states of India have different official languages, and some states even have more than one official language (Kwintessential).
In terms of actual relationships between the Indians, these…
Khanna, P., Mohan, C.R., 2006, Getting India right, Policy Review, No. 135, Questia http://www.questia.com
2011, Business laws and regulations in India, Amritt, http://www.amritt.com/business-laws-regulations-in-india.html last accessed on March 25, 2011
2011, the world factbook -- India, Central Intelligence Agency, https://www.cia.gov/library/publications/the-world-factbook/geos/in.html last accessed on March 25, 2011
India -- language, culture, customs and etiquette, Kwintessential, http://www.kwintessential.co.uk/resources/global-etiquette/india-country-profile.html last accessed on March 25, 2011
Given the scarcity of lever machines on the market and the unique nature of the niche market, price elasticity of demand is expected to be low. There may not be many prospective consumers, but those who want this product will be keen and are unlikely to be strongly price sensitive. The best price would therefore be at the high end of the range, $1,200. This means that the selling price to the distributor would be $600, for a contribution margin of $350 per machine when sold through the distributor, or $950 if sold through the company website. These figures have been included in the contribution margin analysis.
Marketing Issues -- Place
Distribution for a niche product is a tricky proposition. Consumers are often far apart, meaning that it is difficult to use a storefront retail location to reach these consumers. The Australian market -- in particular with respect to high…
AFP. (2008). Coffee culture grinds Starbucks' Australian operation. AFP. Accessed January 16, 2011 from http://afp.google.com/article/ALeqM5hh5ZejoZIuPexWy8T3R_zQIzELSg
Allen, S. (2011). Pricing strategy. About.com. Accessed January 16, 2011 from http://entrepreneurs.about.com/od/salesmarketing/a/pricingstrategy.htm
Brynjolfsson, E., Yu, J. & Smith, M. (2006). From niches to riches: Anatomy of the long tail. MIT Sloan Management Review. Vol. 47, 4, 67-71.
Carmody, K. (2004). Coffee culture. Sydney Morning Herald. Accessed January 16, 2011 from http://www.smh.com.au/articles/2004/04/19/1082326139253.html
This would lead to a new round of calls for increased ethical standards. (De George, 2005)
Name at least three reasons why ethics are important to your job/profession or a job/profession you would like to work in Three reasons why ethics is important would include: it helps improve decision making, allows us to go beyond traditional business theories and it creates a culture of acceptable behavior within an organization. Decision making is improved, because executives can see the impact of their actions. Ethics help managers to choose the outcome that will have greatest impact, resulting in improved decision making. Once this takes place it allows, executives will be able to see what is occurring beyond traditional business theories. Where, ethics will shape how each theory is applied and to what degree. Over the course of time, the consistent application of ethical standards will become a part of the business culture,…
Business Ethics. (2010). National American University, 6 -- 146.
Securities and Exchange Act of 1934. (2010). Retrieved July 24, 2010 from Investopedia website: http://www.investopedia.com/terms/s/seact1934.asp
Crane, A. (2007). Why is Business Ethics Important. Business Ethics. Oxford: Oxford University Press, 9 -- 11.
De George, R. (2005). A History of Business Ethics. Retrieved July 24, 2010 from Santa Clara University website: http://www.scu.edu/ethics/practicing/focusareas/business/conference/presentations/business-ethics-history.html
Massive amounts of daily emails from various sources would arrive, often reiterating the same information or even forwarding the exact same memo. This is actually an instance of the slowdown of communication and operations due to the advances in communication technology that now exist; the ease of communication has led many organizations to over-communicate to the point of redundancy and extreme inefficiency. The emphasis in research literature on communication technology is also partially to blame for this perspective (Preston et al. 2009). This is still a problem at my current organization, though to a far lesser degree, and there is a company awareness of the problem.
The message types that result from this trend were largely ineffective, impersonal, unguided, and unreasoned. They did not really take into account who the recipients were, nor whether or not it was necessary for them to receive the communication, or if they had in…
Beurer-Zelig, B.; Fieseler, C. & Meckel, M. "A descriptive inquiry into the corporate communication profession in Europe." Public relations review 35(3), pp. 270-9.
Preston, P.' Kerr, A. & Cawley, A. (2009). "Innovation and knowledge in the digital media sector." Information, communication, & society 12(7), pp. 994-1014.
Having this traditional silo-structured environment makes it very difficult to properly develop a curriculum surrounding service management. Because of this there is a significant gap that exists between the education received by business school graduates and the skills that they need to succeed in today's service heavy environment.
Non-traditional Business Skills and Tactics
Nontraditional business skills are often referred to as soft skills or people skills. These consist of the ability to communicate and understand people on an emotional level. These are often the skills that can determine the success or failure of a career (Thilmany, 2009). The skills are all related to human interaction. This includes most forms of communication, negotiation and leadership. Soft skills can be distinguished by different types such as informative, negotiating, listening, and communicative. Informative soft skills are those that send a message that has to be conveyed accurately. Negotiating or convincing soft skills is…
21 Business Skills Needed to Succeed. (2009). Retrieved September 22, 2009, from New
Horizons Web site: http://www.nhmn.com/COMMUNITIES/softskills/news/08-03-
Davis, M.M. And Berdrow, I. (2008). Service science: Catalyst for change in business school curricula. IBM Systems Journal, 47(1), 29-39.
The treatment of the undocumented workers has legal and economic implications, but is only an issue in the political arena.
Companies that hire illegal immigrants are being socially responsible. The argument that illegals suppress wages is not based on sound evidence - the jobs illegals do would otherwise be unfilled. If anything, hiring illegals is socially responsible because it gives those people an opportunity to better themselves, something they otherwise would not have had. The notion is especially absurd given that 99% of Americans received this same opportunity at some point in their own family's history. Furthermore, mankind has an obligation to look out for our fellow man. This duty transcends any sense of duty to a state or that state's rule of law.
The only small issue with regards to illegal immigrants is that with regard to legal immigrants, those who play by the rules, sometimes to their detriment.…
Carroll, Archie B. (1991). The pyramid of corporate social responsibility. Business Horizons. Retrieved October 24, 2008 at http://findarticles.com/p/articles/mi_m1038/is_n4_v34/ai_11000639
A company cannot refuse to hire someone with sickle cell anemia (a disease that primarily affects persons of African ancestry), because the person might require costly health insurance, for so long as the person was strong enough to perform the job, discrimination would not be acceptable as it would affect persons disproportionately of one racial category.
Explain trade secret and how it could be protected legally and in day-to-day operations. Provide an example.
According to Nolo.com, an online legal dictionary, a trade secret is:
in] most states, a formula, pattern, physical device, idea, process, compilation of information or other information that 1) provides a business with a competitive advantage, and 2) is treated in a way that can reasonably be expected to prevent the public or competitors from learning about it, absent improper acquisition or theft" ("trade secret, 2007, Nolo.com). Perhaps the most famous trade secret in business is…
Elias, Stephen. (1998)."Trade Secret Law: Overview." Nolo Press. Retrieved 8 Apr 2007 at: http://www.marketingtoday.com/legal/tradesec.htm#1
Estoppel." (2007). Nolo.com. Retrieved 8 Apr 2007 at http://www.nolo.com/definition.cfm/term/7F1E56D5-7EC1-4CEB-86B3943F6990FF77
Messiha, Dominic J. & Hillary R. Ross. (May 2006). "EEOC Revises Compliance
Manual to Target More 'Contemporary' Forms of Discrimination." ASAP: Littler Mendelson Time Sensitive Newsletter. Retrieved 8 Apr 2007 at http://www.littler.com/collateral/print/61A7D18C32514B88187D50664174D11F.html
One set of concepts from each area was utilized to explain how the situation at Grand Bois may have come about. The end goal of the authors was to "provide business practitioners, ethics teachers, and readers interested in corporate conduct with insights useful in understanding why managers may act the way they do."
It could be argued, according to Hamilton and Berken (2005), that Exxon managers had made a sound business judgment, based on facts that were not known, at the time. The industry still contends that the majority of exploration and production waste contains no harmful compounds, and that for this reason the disposal techniques that are used at the Grand Bois facility were not only cost effective, but also environmentally safe.
Just because the exemption of this waste for hazardous materials was brought about by political lobbying does not mean that it is not scientifically or justified.
Beschorner, T. (2006). Ethical theory and business practices: The case of discourse ethics. Journal of Business Ethics, 66. Retrieved December 1, 2006, from ProQuest database.
Bowen, M. & Power, F. (1993 Apr). The moral manager: Communicative ethics and the Exxon Valdez disaster. Business Ethics, 3(2). Retrieved December 1, 2006, from Business Source Complete database.
Call for an extra Exxon Valdex payout. (2002). Disaster Prevention and Management, 11(3). Retrieved December 1, 2006, from ProQuest database.
Carson, S. (2006 Mar). Gert's moral theory and its application to bioethics cases. Kennedy Institute of Ethics Journal, 16(1). Retrieved December 1, 2006, from ProQuest database.
Another factor that must be taken into consideration is represented by the business etiquette in China. Business etiquette in this country is significantly different than that of Western countries, but it is similar to other Asian countries. The analysis of business etiquette is based on the cultural dimensions that characterize the Chinese population. Same as in the case of other Asian cultures, China has a high long-term orientation, which means that the country's population has a strong attitude on persevering. Also, there is a high level of power and wealth inequality within the society. The Chinese culture is a collectivist one, and businessmen should refer to this fact in their meetings with Chinese partners (International Business Center, 2008).
The differences between the business etiquette in China and those in other countries refer to aspects like the appearance and clothing style, the behavior at meeting, offering and receiving gifts, and communications.…
1. Import Export Flow Chart (2008). HKTDC. Retrieved August 10, 2011 from http://www.hktdc.com/info/mi/a/bgcn/en/1X002LZA/1/Guide-to-Doing-Business-in-China/2-1-Import-Export-Flow-Chart.htm .
2. China (2008). International Business Center. Retrieved August 10, 2011 from http://www.cyborlink.com/besite/china.htm .
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Massive amounts of daily emails from various sources would arrive, often reiterating the same information or even forwarding the exact same memo. This is actually an instance of the…Read Full Paper ❯
Having this traditional silo-structured environment makes it very difficult to properly develop a curriculum surrounding service management. Because of this there is a significant gap that exists between the…Read Full Paper ❯
The treatment of the undocumented workers has legal and economic implications, but is only an issue in the political arena. Companies that hire illegal immigrants are being socially responsible.…Read Full Paper ❯
A company cannot refuse to hire someone with sickle cell anemia (a disease that primarily affects persons of African ancestry), because the person might require costly health insurance, for…Read Full Paper ❯
One set of concepts from each area was utilized to explain how the situation at Grand Bois may have come about. The end goal of the authors was to…Read Full Paper ❯
Another factor that must be taken into consideration is represented by the business etiquette in China. Business etiquette in this country is significantly different than that of Western countries,…Read Full Paper ❯