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This case study is a perfect example of one of those situations we are sometimes faced with in life, when we have to decide whether to make an ethical, but unhealthy decision in terms of its consequences, or an unethical one, but one that is deemed to bring some profits. Like Machiavelli said, "the goal justifies the means," but does it?
The case study is rather simple and involves two categories of stakeholders, the employee and the employer. This is the most usual conflict situation that we may have at the workplace. Jane has been recently hired as the head of the payroll department within R&S Electronics Service Company by the General Manager, Eddie. Her attributions were clear, among them the most important being "strict confidentiality regarding employee salaries and pay scales." As she begins her work within the firm, she notices that Greg, Eddie's brother, makes high…
Family Business and Steinberg Case
Steinberg's Success -- Sam Steinberg (1905-1978), was a Canadian of Hungarian descent who transformed the grocery story founded by his mother Ida, into one of the largest chains in the Quebec, Steinberg's Supermarket. One of his key successes was helping to transform food retailing in the post-orld ar II era into mass merchandising, mechanization, and personnel management that fed into and exploited the bilingual nature of Quebec, and the Ontario. Sam had a unique ability to find optimal locations for his stores by using the old-fashioned technique of driving around the area, watching who drove where, who shopped where, and learning about the areas, then purchasing properties and building on sites he believed would service the public in the most expeditious manner. At the time of his death, Steinberg's was the largest supermarket chain in Quebec. Sam left a legacy of philanthropic ideas and causes,…
DeWolff, C 2008, The Ghosts of Steinberg's, viewed March 2012, <
Ray, R & Kearney, M 2002, I know that Name: The People Behind Canada's Best Known Brand Names, Hounslow Books, Toronto.
Roberts, M 1992, 'Sam Steinberg', Case Study, Business, Harvard Business School, 9-392-044, Harvard Business School Publishing, Boston, MA.
A few of the most notable projects would include: the Clinton Commons Development and Armory Square projects. This would cause the overall amounts of available offices to increase. The construction costs will vary between: $85.00 to as high as $200.00 per square foot. ("Syracuse Average Costs," 2007) While, the financing of purchasing any kind of properties is more difficult. This is because of the tight credit conditions that many financial institutions are facing. When you analyze the different properties, it is clear that the Jefferson Center is facing the greatest challenges. As the market is struggling with an oversupply of office space and declining rents. The other properties located in Liverpool and Dewitt, are situated in markets where the levels of rent are increasing and the available supply is decreasing. This shows, how a divergence is occurring, between the properties that are located in Downtown Syracuse and the suburbs. Where,…
Commercial Real Estate Failures are Easy to Spot. (2010). Dallas Morning News. Retrieved from: http://www.dallasnews.com/sharedcontent/dws/bus/stories/DN-Debt3Commercial_29bus.ART.State.Edition1.3591254.html
Limited Partnership. (2010). Quick MBA. Retrieved from: http://www.quickmba.com/law/partnership/limited/
Market View. (2009). CB Richard Ellis. Retrieved from: http://www.cbre.com/NR/rdonlyres/8EC796F1-C359-443B-A0C9-CDE1D38463AC/0/Spring2009CBREMarketView.pdf
Syracuse Average Costs. (2007). Syracuse Central. Retrieved from: http://www.syracusecentral.com/real_estate/average_costs.htm
1). Crane (2007) further asserts her perspective that the lack of success has a lot to do with a lack of formalized structure and the tendency to hire within the family even when those hires are not a good fit. Crane (2007) echoes much of what the others have said about success in family businesses requiring consistent, honest communication, transparency, and outside advice.
Karolyi Gymnastics Camp
In 1981, Bela Karolyi and his wife, Martha, founded a camp within the Sam Houston National Forest (in Texas) (Karolyi, 2010). It contains a 35,000 square foot gymnasium complex, a huge lake for boating, an exotic animal petting zoo, horse stables and space for horseback riding, trails for nature walks, and an Olympic size swimming pool (Karolyi). It is on these grounds that Bela and Martha host gymnasts from all levels, over 7 years of age, from all over the world (Karolyi). It…
Aronoff, C.E., McClure, S.L., & Ward, J.L. Family Business Succession: The Final Test of Greatness. New York, NY: Palgrave Macmillan.
Chakrabarty, S. 2009. The influence of national culture and institutional voids on family ownership of large firms: A country level empirical study. Journal of International Management, 15(1). Retrieved from Academic Search Premier database.
Crane, M. 2007. The Perils of Running a Family Business. Forbes.com. Retrieved from http://finance.yahoo.com/career-work/article/102660/The-Perils-of-Running-a-Family-Business .
Fishman, A.E. 2009. 9 Elements of Family Business Success. USA: McGraw-Hill.
Strengthening traditional SMEs business in Thailand
On the family business trends in Thailand
The concept of family ownership of firms has raised a lot of focus of late since the common trend in the U.S. is the dispersed ownership which has a strong separation between the ownership and the control of the business. There is a growing trend of firms being part of the group of companies which are brought together by a common family bond or common ownership at some point hence having common control at the family level. Such family-controlled businesses largely employ the pyramid structures in ownership in order to exert the requisite control over the large networks of the business. It is apparent that the family ownership models are predominant in countries with low levels of protection of the minority shareholders. However, this trend is fast changing with the U.S. fast adopting such a model in…
Ahola Corporation, (2015). Five Trends that are Shaping the Future of America's Family-Owned Companies. Retrieved July 5, 2015 from https://www.ahola.com/White-Papers/Whitepaper-Societal-Changes.aspx
Alan Chapman, (2004). Porter's five forces model. Retrieved 25, June 2015 from http://www.businessballs.com/portersfiveforcesofcompetition.htm
Akira S. & Natenapha W., (2004). Family Business in Thailand: Its Management, Governance, and Future Challenges. Retrieved 25, June 2015 from http://www.bus.tu.ac.th/department/thai/download/news/346/SuehiroWailerdsak2004.pdf
Akira S. & Natenapha W., (2014). Family Business Groups in Thailand: Coping with management and Critical Points. Retrieved 25, June 2015 from http://link.springer.com/article/10.1007%2Fs10490-014-9388-6#page-1
Wal-Mart Stores, Inc.
Wal-Mart United States
Complexity of the Business
Main Company Issues
Samuel Moore Walton was born March 29, 1918 in Kingfisher, Oklahoma and died April 5, 1992 in Little ock, Arkansas. From humble beginnings, he became a retail titan as the founder of Wal-Mart Stores, Inc. He graduated from the University of Missouri and entered the J.C. Penney training program before serving in the Army during World War II. He started a chain of five-and-dime variety stores in Arkansas right after returning from the Army, and opened his first Wal-Mart store in 1962. He pioneered many customer service functions that today are considered standard practice. Walton eschewed the typical discount-store chain practice of locating stores in or near large cities, preferring small towns where the competition was nonexistent.…
Argus, June 6, 2011, retrieved June 10, 2011, from www.argus.com
Biography, 2010, retrieved June 10, 2011, from www.biography.com/articles/Sam-Walton-9523270
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Forbes, 2010, retrieved June 10, 2011, from www.forbes.com
Businesses are the cornerstone of a capitalistic society. Businesses often drive economic growth and overall societal prosperity. In many instances, business can enhance the overall quality of life of those living in civilization. Looking back briefly at history, provides a unique perspective of business as it relates to societal development. Currently, looking at a minimum wage individual living in America today, they are able to perform tasks and activities that many of the wealthiest individuals in society during 1900 could only dream of. The minimum wage individual can watch television, listen to music on a cell phone, use the internet and even control the weather within their vehicle. This has occurred primarily due to the profit incentive embedded in a capitalistic society. The same will occur with Alex, Bill, Carl, Devon, and Xavier as there farm business developments. These same principles are present for all Christians who want their business…
1. Barnet, Richard; Ronald E. Muller (1974). Global Reach: The Power of the Multinational Corporation. New York, NY: Simon & Schuster.
2. Blumberg, Phillip I., The Multinational Challenge to Corporation Law: The Search for a New Corporate Personality, (1993)
3. Cadman, John William. The Corporation in New Jersey: Business and Politics,, (1949)
4. Conard, Alfred F Corporations in Perspective. 1976.
Moshavi D. & Koch M.J., (n.d). he Adoption of Family-Friendly Practices in Family Owned Firms.
he article is centered on the family business and how the conflicts that emanate from the family business affects the non-family employees and what repercussions it has on the business as well. It highlights the work and family systems interaction and how that interaction can be managed. his is an empirical investigation into how the family business owners manage the work and family conflicts that face the non-family employees. he article first highlights some pertinent theories that help explain the influence of family on business like the resource-dependency theory and institutional theory in order to help the reader understand the entire concept. he researcher used the survey method to collect his data and 680 human resource manager filled in questionnaires that were used. he dependent variable is sighted as work-family responsiveness and the independent…
The writer here takes a closer look at the family business and specifically the communication trends that are experienced within such businesses. It also looks at how the communication helps to boost innovativeness in family business. The paper seeks to examine the effects of communication on innovation within the family business and how much innovation there is within the family business setting. The researcher here also looks at the variations in innovation among the family businesses and the reasons behind these disparities. The researcher highlights the various factors that are likely to affect the innovation within the family business setting and how these have over years changed. The data that was used was widely sourced from case studies of various family owned business in contrast to the business not owned by families. There was a general conclusion that non-family owned businesses seemed to show higher levels of innovation and better structured communication systems.
Memili E., Zellweger T. & Fang H.C., (2013). The Determinants of Family Owner-Managers' Affective Organizational Commitment. Interdisciplinary Journal of Applied Family Studies.
The author here highlights the need for the commitment of the owner-managers within the family owned businesses. The levels of commitment as managers are seen to be affected by the levels of harmony that is within the business management position. The conceptual framework of this article looks highlights some major factors that are likely to determine the commitment of any individual family member in managing the family business. These are relationship conflict, work-family conflict, affective organizational commitment which are all seen to have an impact in the ownership attachment.
wikipedia.org/wiki/Manager, last accessed on September 28, 2007
Mark Hillon, Chaos and Complexity, Storytelling Organization, http://www.horsesenseatwork.com/psl/pages/chaosdefined.html, last accessed on September 28, 2007
David E. Wojick, Chaos Management and the Dynamics of Information: A New way to Manage People in Action, Washington DC, http://www.bydesign.com/powervision/Mathematics_Philosophy_Science/Chaosman.html, last accessed on September 28, 2007
Scott Love, October 13, 2004, Chaos Management for the Resilient Leader, Asheville, http://www.expertclick.com/NewsReleaseWire/default.cfm?Action=ReleaseDetail&ID=7315,last accessed on September 28, 2007
Robert Heller, July 8, 2006, Entrepreneurial Management: What's the difference between management and entrepreneurship?, Thinking Managers, http://www.thinkingmanagers.com/management/entrepreneurial-management.php, last accessed on September 28, 2007
22 August 2006, Entrepreneurial Management, oise State University, http://mg.boisestate.edu/entrepmanagement.htm, last accessed on September 28, 2007
ruce Tulgan, April 10, 2007, the Undermanagement Epidemic: Hiding in Plain Sight, http://22.214.171.124/search?q=cache:LEWzz37AT1kJ:www.ipa.org/pdf/2007-02hr.pdf+undermanagement&hl=en&ct=clnk&cd=5&client=firefox-a, last accessed on September 28, 2007
Daniel Goleman, October 20, 2006, Cram 101 Textbook Outline for Primal Leadership: Learning to Lead With Emotional Intelligence, First edition, AIPI Publishing
Management Styles, Rensselaer Polytechnic Institute…
Daniel Goleman, October 20, 2006, Cram 101 Textbook Outline for Primal Leadership: Learning to Lead With Emotional Intelligence, First edition, AIPI Publishing
Management Styles, Rensselaer Polytechnic Institute, http://www.rpi.edu/dept/advising/free_enterprise/business_structures/management_styles.htm , last accessed on September 28, 2007
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If the child is punished for small infractions of the rules and other children are not, this makes him feel that life is unfair, and makes him act in the ways that he is expected to act. Formal labeling is manifest when teachers treat students labeled as gifted as brighter, which motivates the children to perform better on tests, or when students labeled as 'special education' or 'ESL' are assumed to be capable of less than other children. If less is expected of them, they will naturally perform at a lower standard.
Q5. Identify some of the factors that could lead to inept parenting in single parent family households.
Even the best single parent faces considerable challenges. Single parent households tend to be less affluent economically, which automatically presents a difficulty in terms of ensuring that children have safe and healthy environments in which to live. Single parents…
Maybe for some things are well enough, but for most Americans they are far from it. Most Americans spend their days worrying about being just one layoff away from joining the 50 million other men, women and children in the ranks of the uninsured. The average household income in this country is just about $50,000. This means that most people are not in a position to pay a fourth of their family's annual income, before taxes, just to cover health insurance premiums. More and more people face paying thousands more of our hard earned dollars in out-of-pocket expenses before the coverage we pay so dearly for actually kicks in (ichard, 2009).
In the past many Americans who have been enrolled in employer-sponsored health insurance plans have been able to rely on their employers to pay the biggest share of the premiums, but the truth is that fewer and fewer Americans…
Benefits of Health Reform. (n.d.). Retrieved February 19, 2010,from Organizing for America
Web site: http://www.barackobama.com/issues/healthcare/
Doctors Debate Universal Health Care: Pros and Cons From the Experts. (2010). Retrieved
February 19, 2010, from Organized Wisdom Web site:
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
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
One tactic which has made the John Doe group unique in the industry is its recognition of the importance of community in the viability of individual enterprises. Its damaged relationship with the communities in which it has sought to operate can be rectified by aspects of its model which are already in place. Though the company operates thousands of funeral service establishments from a centralized point of authority, its acquisition strategy incorporates the families who have owned and operated the newly purchased assets into the business plan. As a result, John Doe's holdings are hybrid entities, armed with the resources of a large parent company but endowed with the close community relationship of an independent business. Taking advantage of this model should be central to the company's overall reversal of its negative public image. This will demand that the new core of central leadership make an effort to increase…
The office and administrative expenses would remain constant even to that point, as would the insurance expense.
Exhibit B: Cash Flow Statement, Year Two
At this point, the business is earning a healthy return and Mr. Ahn is receiving will be able to bring in a reasonable salary. The nature of the business may well change at this point. At the maximum revenue of $144,000 per year the pretax profit would be $63,600. As a result, it is likely that a clinic will be formed with other practitioners in order to minimize expenses and increase profitability.
e did not include taxes in our cash flow examples because the company is going to be set up as a sole proprietorship. This means that the income from the company will be rolled into the income for Mr. Ahn, as well as his liabilities. Mr. Ahn's personal expenses are therefore not included in…
No author (2007). Traditional Chinese Medicine. Alternative Medicine Foundation. Retrieved December 18, 2008 at http://www.amfoundation.org/tcm.htm
No author (2005). Regulation of TCM in the United States. Medscape Today. Retrieved December 18, 2008 at http://www.medscape.com/viewarticle/511877_7
No author (2008). HIV / AIDS, the U.S.-China Partnership for Public Health at Work, and Traditional Chinese Medicine in the U.S. Fact Sheet. U.S. Department of Health and Human Services. Retrieved December 18, 2008 at http://www.hhs.gov/news/facts/chinahiv.html
Census information from U.S. Census Bureau. Retrieved December 18, 2008 at http://factfinder.census.gov/home/saff/main.html?_lang=en
Business Plan -- ocky Mountain Sports Fishing, LLC
Definition of the Market
ecreational fishing is a multi-billion dollar industry in the United States, both for salt and freshwater. Conservative estimates show that there are upwards of 30 million individuals with more than a 1-2 time/annum interest in the sport. This has an overall impact on the economy of $125 billion (Williamson, 2012). Consumer demographics show that it is primarily a male oriented event. Mobility and technology have improved the sport in the last two decades, as well as maps, surveys, and handheld sonar and GPS devices. For this reason, as an organized sport, it is chiefly an upper middle and above income sport that also may require several thousand dollars in travel expense. There are even contests for ice and sport ice fishing in the U.S. And Canada.
Sport fishing is…
Hummel, R. (1994). Hunting and Fishing for Sport: Commerce, Controversy, Popular Culture. Bowling Green, OH: Bowling Green State University.
Kotelnikov, V. (2001, January). Customer's Perspective of Quality. Retrieved from E-Coach: http://www.100ventures.com/business_ guide / corsscuttings / bizsys_customer.html
Skorupa, J. (1991, September). Eco-Tourism Arrives. Popular Mechanics, p. 92.
Turban, E. (2002). Electronic Commerce: A Managerial Perspective. New York: Prentice Hall.
In that egad, convenience, poximity to thei wok place and speed of pepaation sevices ae the most citical elements fo the success of the ventue with this custome demogaphic. By the same token, these customes ae less likely to be eached by online apps o Twitte and moe likely to espond to the mee poximity of the sevice van to thei places of business and physical outes leaving thei offices and businesses.
Opeational Incopoation of Demogaphic Chaacteistics
Just as poximity of sevice is citical to the success of the ventue to univesity students on campus, it is also cucial to the success of the ventue with woking non-student pofessionals employed in businesses within the immediate vicinity of the USC campus. Moeove, because the individuals in this custome demogaphic will pobably pefe to avoid having to actually ente the USC campus to patonize the sevice van, it would be advisable to…
references and they would tremendously appreciate the opportunity of accessible and convenient international cuisine.
Operational Incorporation of Demographic Characteristics
Since preparation of a wide range of authentic high-quality international cuisine could be problematic, especially if it sought to provide multiple different ethnic dishes, it would be advisable to select one or two of the most common and recognizable menu items likely to be appreciated by international customers rather than attempt to maintain to broad a menu at the expense of quality. Training of food preparation personnel would be crucial in this regard because it is anticipated that international customers will not try the fare more than once if it is unsatisfactory.
The principal marketing approach would be to employ outside professional services to translate marketing messages and to disseminate them through the same digital media as the main marketing initiatives. However, it would also be advisable to publish print advertisements of international cuisine specialties in conjunction with discount coupons in the local print media (i.e. foreign language newspapers) typically relied upon by many foreign students and available in the homes of those students who live at home within first-generation immigrant families in the community.
Finding a Solution to Our Camera Failure Problems at Images Studio
Images Studio is a full service photography studio offering multiple photography services. For more than 15 years, Images Studio has been capturing life's memorable moments. Our creativity, knowledge and caring, professional service provide our clients with images of the highest quality. Our clientele choose Images Studio because they can be assured we deliver on our promises of exceptional quality and service.
hile we specialize in elegant wedding photography, we also photograph family portraits, children, senior portraits, special events, executive portraiture, sports, glamour shots, high-definition (HD) video services, commercial and aerial photography. Images Studio offers both in-studio and on-location services.
Since expanding our mix of photographic services in 2007, our revenues have grown steadily with the demand for our additional services. e have accommodated this additional demand by adding personnel and equipment. By hiring two additional full-time photographers…
Affordable 2/3" HD cameras hit the studio. (n.d.). Retrieved October 22, 2011 from: http://www.hdcameraguide.com/guide/hi-def_spotlight/23q-hd-cameras
Current, T. (2009, Sept.27). The new H4D-60 from Hasselblad. Retrieved October 22, 2011 from: http://currentphotographer.com/the-new-h4d-60-from-hasselblad/
Financing photography equipment. (2008). WB Financial. Retrieved October 22, 2011 from: http://www.equipmentleasingspecialists.com/photography-equipment-financing.php
Stephen. (2010, July 11). Hasselblad H4D review. Retrieved October 22, 2011 from: http://bayimages.net/blog/reviews/hasselblad-h4d/
Mentoring is a critical job and is important for the one providing it as well as the party seeking it. The business parties seeking mentoring are normally those that are beginners and they wish to avoid problems by seeking expert advice. On the other hand the mentor's credibility and business experience is proved when he offers mentoring and advice. Theft and fraud are two most common issues faced by the starting businesses. The paper discusses what advice can be offered to beginners to avoid theft and fraud in business.
What advice can be offered to beginners to avoid theft and fraud in business?
Mentoring is an advisory job and should be backed by proper knowledge and experience. Based on the three decades of business experience, it can be said that fraud and theft are most common in business however only a little more carefulness can help avoid…
Epstein, L., (2013), "Protecting Your Business from Theft and Fraud," Retrieved from:
Matthews, C., (2002), "Preventing Small-Business Fraud," Retrieved from:
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
A draft of this presentation is revealed below:
Whenever I was watching television, I found myself fascinated by commercials. They were my favorite thing on TV. They were original, creative and I though that the people creating them were very talented. But the commercials I used to love were generally created by large size companies, conglomerates even. I remember enjoying the Nike and the Schweppes commercials especially, as they were engaging and often interactive. But in the creation of these commercials, vast resources had been engaged.
Still, not all companies have the possibility of financing vast marketing campaigns. But all companies need to promote themselves and their products in order to succeed in this growingly complex, dynamic and competitive market place.
Our company aims specifically at this need for marketing support, especially on the part of small and medium size companies in the local community, for whom the hiring and…
Armstrong, G., Harker, M., Kotler, P., Brennan, R., 2009, Marketing: an introduction, 9th edition, Pearson Education
Roberts, S., What is win-win negotiation? Negotiations, http://www.negotiations.com/articles/win-win-settlements / last accessed on April 11, 2012
Vervest, P., 2005, Smart business network, Springer
The small business management series -- establish business networks
This is further based on the following assumptions:
1. The company will charge $150 per hour for each client.
2. The company expects to spend at least 80 hours a year with each client.
3. The company expect to see at least 30 clients per year, which will generate a revenue of $150 x 30 x 80 = $360,000. For the purpose of this computation, this will be regarded as the selling price.
4. The company expects its yearly fixed costs to be $526,000. This fixed cost consists of the cost of staff remuneration, utility bills and advertising.
5. The company expects its variable costs to be about $344,000 a year, comprising of the cost of equipment servicing and maintenance, legal costs, and so on.
Given the above assumption, the company's yearly break-even point can be computed as follows:
The implication of the above computation is that LNS must service…
Graham J.R., Smart S.B., & Megginson W.L. (2010): Corporate Finance -- Linking
Theory to What Companies Do. Mason, OH: South-Western Cengage Learning.
Hubbard R.G., O'Brien a.P. (2009): Macroeconomics. Upper Saddle River, NJ: Prentice-
S. market for counterfeit goods and if Coach and other companies are taking advantage of law. It is foolish according to the attorney of Kim for Coach to threaten its customers with $2 million lawsuits and before antagonizing customers the company must do a minimal investigation and it is not known how many customers got scared and paid off Coach. Kim, had worked for the Coach in 2004, filed suit saying among other major charges that the company wanted to suppress online sale of used items to pay high prices to the company for a Coach handbag. There is a problem for all companies which grapple with counterfeiting and it is often seen on Craigslist and eBay. Along with Kim one more eBay seller, James Caffarella of Littleton, Mass was also sued when he tried to sell legitimate silver golf-ball Tiffany key chain using a stock photograph. He too received…
Coach.com. (2011a) "Company Profile" Retrieved 21 February 2011 from http://www.coach.com/online/handbags/genWCM-10551-10051-en-/Coach_US/CompanyInformation/InvestorRelations/CompanyProfile
Coach.com. (2011b) "Global Business Integrity Program" Retrieved 21 February 2011 from http://www.coach.com/online/handbags/genWCM-10551-10051-en-/Coach_US/CompanyInformation/InvestorRelations/GlobalBusinessIntegrityProgram
Menkes, Suzy. (2010) "Coach Gallops Into Europe" New York Times,
Retrieved 21 February 2011 from http://www.nytimes.com/2010/11/02/fashion/02iht-fcoach.html?_r=1&ref=coachinc
It is expected that an initial
investment of $400,000 will be needed in order to effectively establish the Center. In addition, the Center will require a maintenance cost of $50,000 per month.
5. Budget and Strategy
Strategy 1: Arranging meetings with community leaders
This strategy ensures that the community at large will accept FAC in its capacity as an establishment to provide help and counseling within the existing cultural, religious, and educational paradigms. Public trust is important for the success of the Center. Specifically, this strategy includes arranging meetings times, venues and refreshments. This is estimated at a budget for about $5,000 per meeting. This strategy will also include the possibility of securing the services of a cultural consultant; preferably also a person with some standing in the community. The budget for this is estimated at an initial fee of about $3,000, which will repeat monthly for as long as…
The company continues to plow its profits back into expanding the firm by opening new stores. Family Dollar has chosen not to expand by acquisition.
Family Dollar's primary business partners are its vendors. Merchandise suppliers work with Family Dollar to ensure a good selection of core products are on the store's shelves. The company also partners with construction firms to build its stores as it continues to expand its network. The company also partners with transportation companies to help with the logistics component of the business. Each of these back-end partners helps the company to achieve lower prices for its goods, while ensuring that Family Dollar can offer a range of goods that will appeal to the average buyer.
In general, these strategic alliances appear to be successful. Family Dollar is consistently profitable, which indicates that the objectives of these alliances are being met. Customers are attracted by the product…
Family Dollar.com website, various pages. (2010) Retrieved November 16, 2010 from http://corporate.familydollar.com/Pages/history.aspx
MSN Moneycentral. (2010). Family Dollar. MSN Moneycentral. Retrieved November 16, 2010 from http://moneycentral.msn.com/investor/invsub/results/statemnt.aspx?Symbol=FDO
Lipton, J. (2009). Cheap Americans are here to stay. Minyanville. Retrieved November 16, 2010 from http://www.minyanville.com/businessmarkets/articles/dollar-stores-tree-recession-saving-josh/8/27/2009/id/24259
Reeves, S. (2009). The dollar stores that deserver your bucks. Minyanville. Retrieved November 16, 2010 from http://www.minyanville.com/businessmarkets/articles/dollar-discounters-retail-walmart-shopping-holiday/11/16/2009/id/25467?page=full
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
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
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.
Reasons for Failure
usiness failures have become a properly investigated field of study in the past few years as a struggling economy and an overall difficult business environment have combined to discourage potential entrepreneurs from entering the market place and to cause many existing business owners / entrepreneurs from continuing their endeavors. This interest in business failures is precipitated by the fact that the number and nature of business failures impacts negatively on the overall business climate and examining possible causes in an effort to forestall further such failures is vital to maintaining a healthy business environment. The emphasis in recent years has shifted from examining why and how businesses fail toward an analysis of how to avoid and prevent business failures.
The failed business that I chose to review was a small ice cream / restaurant in my neighborhood. The name of the business was Charlie's Ice…
Goltz, J. (2011, January 5). Top 10 Reasons Small Business Fail. New York Tmes .
U.S. Small Business Administration. (n.d.). Standard Operating Procedures. Retrieved May 25, 2011, from SBA: http://www.sba.gov/about-sba-services/
We have decided to take this option for several reasons. Firstly, the size of our restaurant will be able to entertain almost 500 people and with such a large space we need a huge market to fill it up. Secondly, Americans of all age-groups dine-out regularly (almost 4 times every week, according to last year's statistics.) thirdly and lastly, this figure is only going to increase with time.
Contending against both "informal-dining-steakhouses" and "family-steak-restaurants," we will be offering these benefits: (1) Low pricing for complete buffets, (2) customers will not be giving tips since the restaurant will be self-service, (3) giving speedy service to all customers at all times, (4) offering variety in meals all the way through the week and (5) diners can watch their favorite sports during their meals.
The sales annual projections for the next 3 years are summed up below in table 3 below.…
Hensley, S. And Donohue, M. (2009). Restaurant Industry Expected to Post Modest Sales Growth in 2009 as it copes with the Weakest Economy in Decades. National Restaurant Association. Accessed from: http://www.restaurant.org/pressroom/print/index.cfm?ID=1725
Bryson, J. (1995). Strategic Planning for Public and Non-Profit Organizations; Jossey-Bass: San Francisco,; 137.
Daniels, J. And Radebaugh, L. (1998) International Business: Environments and Operations, 8th edn. Addison-Wesley: Reading, MA.
Davis, S. (1984). Managing Corporate Culture. Cambridge MA: Ballinger.
Inventory Management Strategy. In his book, Streetwise Project Management, Dobson (2003) advocates the use of a just-in-time inventory management strategy to keep inventories low and manufacturing process more productive. This approach, though, will require close coordination with a Brazilian supplier, warehousing operations, planners and forecasters, and transportation directors throughout the inventory management process. In this regard, Epps (1995) advises, that such an approach requires the efficient transportation of materials from outside vendors directly to the work-in-process area, where the required value added processes of the manufacturing operations take place, which is followed by the shipping of the finished products to the customer within a reasonable timeframe. This inventory management strategy can save manufacturers the costs of inspection, stocking, material handling, inventory tracking, carrying the inventory, and the dangers that are typically related to damage to parts and their tendency to become obsolete over time (Epps).
The just-in-time inventory management strategy…
Bolten, E.F. (1997). Managing time and space in the modern warehouse with ready-to-use forms, checklist & documentation. New York: AMACOM.
Boyson, S., Harrington, L.H. & Corsi, T.M. (2004). In real time: Managing the new supply chain. Westport, CT: Praeger.
Brazil. (2009). U.S. government: CIA world factbook. [Online.] Available: https://www.cia.
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
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…
2004 Program Enhancements. (2004). Retrieved June 26, 2011 from http://walmartstores.com/ media/resources/legacydocs/2004SuppStandards_3.pdf' target='_blank' REL='NOFOLLOW'>
To survive, further market segmentation within the La-Z-Boy family must be created, to engage in risk management through diversification. This can ensure that regardless of how the economy does, some market segment will want to buy some of the company's products, from one of its brands or companies. The corporation can create value-based, low-cost products to compete with al-Mart, for example, offering slightly more customization than the giant retailer, but with fewer styles and fabrics currently offered. Speed might be less of a focus than value for England, Inc. In the future.
England, Inc. Or other brands can stress customization and even further market segmentation in style -- hip, trendy sofas and other furniture in a limited array of bright and eye-catching fabrics could target young people in dorms and apartments who want to buy customized furniture, even if they cannot afford to move into their own homes. Other brands…
Morse, Dan. (2002, November 19). Fast furniture: Tennessee producer tries new tactic in sofas.
Wall Street Journal.
Some of the unique cultural aspects of the business at hand are the value placed on flexibility, family and employee independence. All of these cultural values are heavily focused on the people factor. Any changes to these values will have to take into account the effect it will have on the employee's moral and thus productivity. Many of our employees are successful because their values are in line with the business' values and therefore there is no "culture shock" so to say. In order to prevent any changes from alientating the company's strong employee base, any changes to these three values should be slight. For example, one recommendation would be to focuse on changing one aspect while strengthening the other two. In terms of changing the dispersion of the employees, employees could be required to work on site for a specific number of days per week or month.
business idea create a thrift store. Focuses employing boys girls juvenile detention center. The profits store invested housing education workers, children maintain store. The assignment: Clearly explaining idea reader Then focus briefly highlighting aspects idea: 1.
The modern day society is more and more pressured by changes in the behavior of people, but also by larger changes at the greater social level. A notable change is as such represented by an increasing gap within the population. While the efforts are focused towards increasing social and economic equality, fact remains that the gap between the rich and the poor continues to be impressive. In such a setting, some people possess large amounts of products, which have to be disposed off, and others are in need of various products, but do not afford them. The thrift store comes to answer the needs of both population categories, by collecting goods and…
Hatten, T.S. (2011). Small business management: entrepreneurship and beyond. Cengage Learning.
Katzmann, G.S., (2002). Securing our children's future: new approaches to juvenile justice and youth violence. Brookings Institution Press.
Longenecker, J.G.. Moore, C.W., Palich, L.E., Petty, W.J., (2006). Small business management: an entrepreneurial emphasis. Vol. 1. Cengage Learning.
Olson, G.E. (2010). Better green business: handbook for environmentally responsible and profitable business practices. Pearson Prentice Hall.
Business Law and Christian Ethics
The terms limited liability and liability protection are often used interchangeably to describe business arrangements that limit the amount of a firm's liability, generally to the amount of assets held by the firm. In other words, those types of business arrangements protect an individual's personal assets from judgment should the person be sued in a professional capacity. One frequent example of a limited liability business arrangement is the limited liability partnership, which essentially "protects each partner from debts against the partnership arising from professional malpractice lawsuits against another partner" (Pakroo, 2013). In those instances, the liability limitation is not limited the individual assets of the partners, but also extends to property owned by the partnership.
Whether or not limited liability or liability protection aligns with a Christian worldview is a tricky moral question because it presupposes that all people who enter into those types of…
Pakroo, P. (2013). Limited Partnerships and Limited Liability Partnerships. Retrieved September 24, 2013 from NOLO website: http://www.nolo.com/legal-encyclopedia/limited-partnerships-limited-liability-partnerships-29748.html
Scalici, S. (2007, March 30). The Christian Taxpayer. Retrieved September 24, 2013 from Crosswalk website:
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.
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 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
The cheese plant is dedicated to agricultural product production processes utilizing mostly raw materials produced on its own farms. Generally, the individual farms each maintain several hundred heads of cattle capable of producing sufficient raw materials (such as fresh milk) to sustain McCadum Cheese Plant operations.
Apparent McCadum Cheese Plant Inventory Needs:
In general, production that is dependent on the availability of raw materials from its farm network. It would not be practical or efficient to ensure business continuity primarily through large inventory because of the perishable nature of the product and of its component ingredients. The sheer volumes at issue would also be a prohibitive concern even apart from perishability issue; for example, the plant uses 35,000 pounds of fresh milk in each production run.
Apparent McCadum Cheese Plant Inventory Status:
The McCadum Cheese Plant business ensures business continuity by using a well-coordinated but geographically decentralized supply for its…
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
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.
Solgar is one of the foremost manufacturers of vitamin, mineral and herbal supplements in the nation. It has a long history of providing quality products to consumers who are interested in alternative methods for improving health and treating ailments. Throughout its history, Solgar has been faced with a number of changes that have fundamentally altered the way in which business is conducted. From the passage of legislation to the discovery of new supplements and uses for supplements, the organization has been faced with difficult challenges and has found a way in which to cope. Over the next twenty years the vitamin industry is challenged with a significant number of external forces that will undoubtedly cause Solgar to change the way it does business. One specific change that is virtually inevitable has to do with the regulation actions that were enacted in 1994 by the…
Schwartz, Peter (1991). The Art of the Long View. New York: Doubleday.
Every company regardless of the nature of their work is required to contribute to the community that sustains their growth. Casinos are therefore not an exception to this rule. We understand that they consumer massive energy and other resources to keep their customers satisfied on daily basis but that does not excuse them from contributing to the benefit of the environment and of the community that support them.
An environmentally conscious company is the one that is aware of the impact of its activities on the environment and works hard to reduce the impact. Oil companies for example come under attack regularly for damaging the environment. BP oil spill is one such example. But that doesn't mean that only companies like Oil or Drug organizations are responsible for protecting the environment, other firms are equally responsible for playing their role effectively.
Gambling is a socially acceptable activity in…
Logistics and supply chain management is what Wal-Mart has as a core strength, and have consistently found new processes to accelerate inventory turns, reduce waste of time and money in the process (Dobbs, 2007). This efficiency of the Wal-Mart supply chains and its ability to move millions of products into the hands of consumers weekly is what gives the company exceptional power over supplier relationships as well (Hansen, 2009).
The unique strategies that Wal-Mart relies on for retailing emanate from their expertise in logistics and supply chain management, and the ability to manage pricing exceptionally well as a competitive strength (Appelbaum, Lichtenstein, 2006). The approach to retailing at Wal-Mart is more comparable to the end-point of a supply chain where the distribution center is actually the retail store. This is precisely the model that Wal-Mart relies on to gain process and cost efficiencies from its support and retail staff.…
Appelbaum, R., & Lichtenstein, N.. (2006). A New World of Retail Supremacy: Supply Chains and Workers' Chains in the Age of Wal-Mart. International Labor and Working Class History, 70(1), 106-125.
Raj Arora, & Charles Stoner. (2009). A mixed method approach to understanding brand personality. The Journal of Product and Brand Management, 18(4), 272-283.
Richard De Santa. (1998, January). Technology. Supermarket Business, 53(1), 18.
Dobbs, J.. (2007, October). The logistics of boosting efficiency. Retailing Today: CONNECTING NORTHWEST ARKANSAS,7.
Directly approach wealthy individuals in Kansas City and solicit direct gifts or memorial gifts.
In addition, there are some well-known Kansas City philanthropists, as well as new members of the Fortune 1000, who will be identified by PKC Associates and invited to help establish the endowment.
The benefits of becoming a founder of or significant contributor to the Friends of Shuttlecocks' endowment will be explained to the potential donors. These include:
Naming opportunities. They may be named for donors, loved ones, favorite faculty or staff.
Fulfillment of mission. One of the most important reasons a donor establishes a planned gift.
Permanence. Endowments allow permanent support for future longevity of the charity.
Challenge. Endowment minimums offer an attractive challenge to those who understand the value of such thresholds.
Participation. Families, friends, and associates may contribute to a fund in honor of an individual.
Living Memorial. The idea of supporting functioning programs…
Addressing Association Challenges With Internet-based Solutions. (2000) Association Management, September 1. Retrieved 2 December 2004 from www.highbeam.com.
Rosenberg, Bridget. (2001) Endowments.(charities need to market benefits of long-term giving) the Non-profit Times, January 1. Retrieved 2 December 2004 from www.highbeam.com.
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…
Love Canal Scandal
The Love Canal situation dealt with a chemical company that buried there toxic chemical waste and then sold the land that was contaminated. The Hooker Chemical and Plastics, Co. bought a canal that was unfinished because the owner went bankrupt before he got to finish it. Hooker then filled a large area, a 3,200 ft. section of the canal with chemical waste. It wasn't Hooker alone who dumped in this area. In the same period, several other chemical companies as well as The City of Niagara alls also were also adding to the waste. Hooker claims to have chosen this site for hazardous waste due to the clay composition in the subsoil and the fact that not many people lived nearby. The company reported to have buried approximately 21,800 tons of chemical waste in the canal.
The company later sold the land for…
On August 10, 1978 a group composed of three young women, two were eighteen and one was sixteen, were the subject of a rear end automobile accident by another vehicle while driving in a 1973 Ford Pinto. Other similar reports of the cars combustion upon an accident also began to emerge. However, Ford understood the cause of the problem well before any of the accidents occurred. Ford had actually conducted a cost benefit analysis that factored items such as the cost of fixing the fuel system problem on existing cars compared to the estimated legal costs associated with the lawsuits that were directed at Ford due to the unneeded loss of human life. Even though the part was not very expensive, Ford decided that it would still be cheaper to provide compensation through legal settlements than it would be to conduct a product recall to fix the systems.
Ford's actions were definitely unethical in many regards. Even it would have been cheaper for the company to provide compensation to the families would have been cheaper than fixing the problem, the company was still unethical. When considering the costs of human life, protecting lives should certainly come before profits. Not only was the Ford company unethical, but they were also bad at judging the costs. They were forced to pay heavily in settlements, but the total damage was far worse. The company's brand lost a significant amount of value among many consumers which cost them business for years.
Business Model Canvas
Combative Fighting Systems
Martial arts school that teaches Jeet Kune Do concepts / Kali / Brazilian Jiu-Jitsu
Opened July 1995
Westminster Ave, Westminster, Ca. 90630 (714) [HIDDEN]
Martial art instruction for children through adults.
Mixed Martial Arts (MMA) training, coaching. Physical fitness
More info online Google Ken Gabrielson Brazillian Jiu-Jitsu.
"Dirty Dozen," Gracie Jiu-jitsu Black Belts. Combative Fighting Systems.
Fighters trained: John "Machine" Lober
Todd Medina El Tiburon
Provide mixed martial arts training and coaching, including: Jeet Kune Do concepts / Kali / Brazilian Jiu-Jitsu
Provide an avenue for children and adults to develop physical fitness
"Dirty Dozen," Gracie Jiu-jitsu Black Belts, and Combative Fighting Systems
Superbly trained staff: John "Machine" Lober, Todd Medina, El Tiburon (have I got this right
Facility in Westminster, California
Chamber of Commerce, Westminster
Mixed Martial Arts Association (MMAFA)
International Mixed Martial Arts…
Osterwalder, A. And Pigneur, Y. (2010). Business Model Generation: A Handbook for Visionaries, Game Changers, and Challengers. New York, NY: Wiley.
The Business Model Canvas Nonlinearthinking.typepad.com. Retrieved http://nonlinearthinking.typepad.com/nonlinear_thinking/2008/07/the-business-model-canvas.html
Alexander Osterwalder: The Business Model Canvas. [Video.] Retreived https://www.youtube.com/watch?v=2FumwkBMhLo
How to create your Lean Canvas. LeanStack. Retrieved http://leanstack.com/LeanCanvas.pdf
When the Truth Takes a Stretching Class
Maria Bailey clearly and blatantly misrepresented the size of her start-up business, but shrugged it off saying she knew what she was "capable of doing" and just wanted to show potential clients "what we were going to be," rather than tell them the truth about how fledgling her business actually was at that time.
Was it immoral for Mary Bailey to misrepresent her company?
Looking at the "consequential" side of her decision to fudge the truth about her company, moral decisions are made based upon what the consequences of the action will be. The results of her action actually could have several consequences. The one first and pivotal consequence Maria hopes will happen, of course, is that the fact of her deciding to embellish the truth about the size of her company will bring potential customers into her business start-up Web…
Australasian Business Intelligence. (2004, May 4). Guilty plea follows workplace death.
Bauman, Margaret. (2004). Alaska leads nation in workplace death rate, report says.
Alaska Journal of Commerce.
Morbidity and Mortality Weekly Report. (1999). Improvements in workplace safety
While at J.C. Penney, Walton read extensively about retailing theory and principles. He also had the insight to consider the importance of proximity to his merchandise suppliers and he took full advantage of his ability to turn around merchandise so fast that he could leverage his short-term debts to suppliers into capital for investment and growth.
6. Who is in charge of the company now?
Michael Terry Duke, became the Chief Executive Officer and President of Wal-Mart tores Inc. In 2009. Previously, he was the Executive Vice President of Wal-Mart tores Inc., and before that, he served as Executive Vice President of Administration, and Executive Vice President of Logistics, enior Vice President of Logistics at Wal-Mart tores Inc., and enior Vice President of Distribution of Wal-Mart tores Division (UA).
7. Describe any "barriers of entry," competition or marketing challenges the Entrepreneur overcame.
The principal barrier of entry faced by Walton…
Kennon, J. (2011) Sam Walton (aka Samuel Moore Walton)
The Hershey Company. (2011). Our Story.
This document contains legal advice made on request of Zmags, an Australian Holiday Brochure. Paper covers the customer law, contract law and other legal issues as found in the brochure for Coasts and Bays. The brochure claims to make the holidays 100% rejoicing for the clients and to offer them a lifetime experience. The brochure offers guidelines about the travel routes as well as the resorts. There are legal concerns involved in the advertisement made by any company. Often an advertisement campaign is too tempting or misleading that the customer's rights are violated. Australia has strict laws against the rights of customers that are almost universally applicable in all the states and regions of the country. The report advises what to include or exclude from the report to make it legally effective.
The consumer law of Australia generally bans all the misleading activities in the business…
1. Australian Competition and Consumer Commission, 2013, Retrieved from;
2. Bradbury, H.D., 2010, the Australian Consumer Law, Retrieved from:
Business Strategies and Decision-Making
Choosing a business structure can depend on a wide range of variables and it is thus essential for a manager to have a complex understanding of his company, the industry it is associated with, and business forecasts. The process of choosing a business structure needs to be considered before starting any businesses in spite of the fact that this respective process can take a significant amount of resources. Many business owners are inclined to either dedicate very little of their time to this process or even to bypass it completely. This can lead to serious issues later in the company's functioning, as business owners can come across a series of problems that they're not prepared to deal with.
Proprietorships are one of the most encountered types of business organizations, this being largely owed to the fact that they are easier to form and maintain and because…
Bechet, T.P. "Developing Staffing Strategies That Work: Implementing Pragmatic, Nontraditional Approaches." Retrieved July 26, 2015, from http://unpan1.un.org/intradoc/groups/public/documents/un/unpan021815.pdf
Grendstad, G., Selle, P., Stromsnes, K., & Bortne, O. "Unique Environmentalism: A Comparative Perspective." (Springer Science & Business Media, 28 Nov 2006)
Field, T. "Avoiding Patent, Trademark and Copyright Problems." Retrieved July 26, 2015, from https://centraljersey.score.org/system/files/u129009/Avoiding%20Patent,%20Trademark%20and%20Copyright%20Problems.pdf
Larabee, D. "Pros and cons of investing in family-owned businesses." Retrieved July 26, 2015, from http://www.ft.com/international/cms/s/0/cd98f8a4-5756-11e3-b615-00144feabdc0.html#axzz3gzrkx9vE
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:
The company's objective is to develop capabilities in the Reseach and Development aeas as well as ensuing poducts that can be sold and distibuted in the Euopean and Ameican makets. It should be noted, howeve, that such a move must be taken with caution and cae; appoaching the Euopean business maketplace may not wok in the same manne as othe business envionments. As one expet ecently wote "appoaching the Euopean makets without ecognizing the impotance of national languages and cultues in daily life is a cucial mistake" (Robet, 2010, pg. 31). It would be wise fo the company to emembe Robet's wods due to the unique natue of the Euopean makets and Gemany in paticula; since that is the county this pape ecommends the company conducts its business.
It is impotant to note that choosing a county to base the company's opeations is a delicate and time-consuming matte that…
references of political actors, German Politics, Vol. 18, Issue 3, pp. 281-300
Dickman, M.; (2003) Implementing German HRM abroad: Desired, feasible, successful? International Journal of Human Resource Management, Vol. 14, Issue 2, pp. 265 -- 283
Dunning, J.H. & Lundan, S.M.; (2008) Multinational Enterprises and the Global Economy, London: Edward Elgar Publishing
Federal Republic of Germany (2003) Background Notes on Countries of the World 2003, pp. 1 -15
Grewal, R.; Chandrashekaran, M.; Dwyer, F.R.; (2008) Navigating local environments with global strategies: A contingency model of multinational subsidiary performance, Marketing Science, Vol. 27, Issue 5, pp. 886 -- 902
In this context, the learning curves followed by the collective of entrepreneurs place that collective of entrepreneurs within the still larger setting of the global marketplace. Taylor and Asheim refer to an economic geography that is more than merely a map of where economic activities take place (Taylor & Asheim, 2001, p. 315). A modern learning organization integrates itself on virtually every conceivable level. Much as its individual members make use consciously and unconsciously of a variety of learning techniques in order to work together as a unit, so too do all of their learning paradigms combine to make them a single, effective player on a larger global stage.
Taylor and Asheim encourage firms to immerse themselves in the concept of economic geography, to complete, as it were, the learning curve, by employing their cognitive abilities vis-a-vis the global marketplace, and so use that marketplace as a source for policies…
References http://www.questia.com /PM.qst?a=o&d=5009563626
Chen, G. (2005). Management Practices and Tools for Enhancing Organizational Learning Capability. SAM Advanced Management Journal, 70(1), 4+.
Chrisman, J.J., Chua, J.H., & Steier, L.P. (2002). The Influence of National Culture and Family Involvement on Entrepreneurial Perceptions and Performance at the State Level. Entrepreneurship: Theory and Practice, 26(4), 113+.
The grand jury returned a 112-count indictment against Steve Warshak, company president; his mother, Harriet Warshak; general counsel Paul Kellogg; and former employees Charles Clarke Jr., Steven Pugh and Amar Chavan. A company called TCI Media, which was allegedly used to launder money, was also part of the indictment. The charges include 77 counts of money laundering, 12 counts of mail fraud and four counts of bank fraud (Berkeley president, others indicted for fraud, 2006).
After the Grand Jury indictments were handed down The U.S. Attorney's Office in Cincinnati filed a new complaint against Berkeley Premium Nutraceuticals that included the freezing of various assets worth almost $2 million. The complaint alleged that Berkeley owner Steven Warshak and others participated in a complex, large scale mail and wire fraud operation. This amounted to another felony charge being added to the long list that had already been handed down. The frozen assets…
1. Berkeley Nutraceuticals files for Chapter 11 bankruptcy. (2008). Retrieved June 10, 2009, from Business Courier Web site:
2. Berkeley Premium Nutraceuticals, Inc. (2009). Retrieved June 10, 2009, from Business Courier
Given the proper incentives -- the ability to profit from hard work and risk taking -- people will strive to do well.
Give two or three examples of business competition in which everybody wins. What are the defining characteristics of such games (if any)? Could all (or business activities consist of such games?
There are situations where one firm lowers its prices, competitors are likely to follow and everyone will see less profits. or, a competitor might hold its price to gain market share. They all stand to gain only by setting prices where everyone earns profits and has a stable market share.
These firms face a prisoner's dilemma where acting in one's self-interest does not serve one's self-interest. Another example of the prisoner's dilemma exists in the fishing industry, where the rate of catches has increased faster than the ability of the fish to reproduce. The result is a…