Sysco Corporation is an American-based company engaged in the distribution of food and associated products mainly to the foodservice or food prepared away from home industry. The company supplies its products and services to customers inclusive of restaurants, healthcare and educational facilities, lodging enterprises and other food service customers. Sysco functions under three segment divisions which are broadline, SGYMA and others. The revenue earnings of the company during the year ended July 3, 2004 was $29,335.4 which is an increase of 12.2% compared to 2003. The increase was because of the rise in the SYGMA segment sales during the year. Net profit recorded by the company was $907.2 million during the fiscal year 2004, which is an increase of 16.6% compared to the corresponding year 2003. (Sysco Corporation: Computer Business eview Online)
The various products distributed by the company include a complete range of frozen foods, like meats, wholly prepared entrees,…...
featured SYSCO's H system. It will discuss which features add value to the system, as well as what challenges may occur in implementing this type of system in other organizations. And, it will conclude with a recommendation for a feature that would enhance their system.
SYSCO
What are the fundamental aspects of SYSCO's Virtual H system that add value to the organization?
The fundamental aspects of SYSCO's Virtual H system that add value to the organization include a variety of facets. First, is the ability for divisions to pick and choose which initiatives they feel are most valuable. Second, regional H's ability to view how these initiatives are performing in other divisions, so they can make a better informed choice when choosing what may be appropriate for them. Third, is corporate H's need to sell the programs they've developed to the regional divisions. This ensures that careful research goes into the development…...
Texas-Based Company
Sysco is an institutional food provider, selling to restaurants, hospitals, hotels and schools. According to their latest annual report, they earned revenues of $44 billion and net income of $992 million. The company has been involved in merger and acquisition activity of late, including a purchase of Brakes Group, a European competitor, for $3.1 billion. This ended up putting Sysco in the news last month, when it was downgraded by Moody's. The credit agency downgraded Sysco debt from A3 to A2, over concerns that the company was going to engage in further M&A activity, which would see the company increase its debt to levels that are more challenging (No author, 2016).
One of the reasons Moody's is so concerned is not just because of the Brakes purchase, but because Sysco attempted to buy U.S. Foods last year, only to have the deal rejected by regulators. Sysco appears to see mergers…...
Subway Finance and Info Systems
The practice of finance and accounting is a very important component within the context of business operations. As the global economy continues its tepid pace of expansion, cost controls are now paramount to company success. Managing inventory, sales, loss, and other financial aspects are critical to the success of any franchise. Subway is no different in this regard as the company must content with intense price competition along with a consumer with less discretionary income. Throughout the course of my interviews, I acquired knowledge as to how many owner account and control costs. I also gained insights as to how these owners utilize information technology in an effort to forecast future demand while also eliminating inefficient behavior on the part of associates. Through these subsequent conversations, I was better able to garner a better understanding of the finance department. I was also better able to understand…...
3) "SUBWAY Free Cookie Promotion for Completing SUBWAY Receipt Survey." Financial Tips and Articles on How to save More Money and Earn Extra Cash from Credit Card Offers and Banking Bonuses to Travel Savings and Shopping Discounts including Promotional Code Offers and Merchant Discount Links That Assist You in Maximizing Money. N.p., 6 June 2011. Web. 02 Aug. 2012. .
HR Compensation
It is well established that human resources personnel have a direct and forceful impact on the strategic success of any business or economic organization. Ulrich (1997) suggests that "the relationship between HR practices and business results is built on a rather simple premise: better deployment and use of HR practices should correlate with higher business results "(p.303). One tool HR managers have at their disposal is the use of compensation packages and their unique impact on the labor force. The purpose of this essay is to examine compensation packages, in both the monetary and non-monetary form, impact on attracting and maintain a desirable workforce and the possible influence on the overall effectiveness of the organization.
Casico (2010) discussed the aspect of compensation in terms of rewards. He suggested that compensation could be divided into two separate categories; either financial or non-financial rewards. Financial rewards are considered the monetary distribution of…...
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Works Cited
Cascio, W. (2010). Managing Human Resources. Productivity, Quality of Work Life, Profits. 8th edition. McGraw Hill.
Casico, W. (n.d.) . HR in Alignment hosted by Wayne Casico.
It has been shown that the acquisition of talent not an area specific to each individual position at top companies. The highest-performing companies build pools of talent from which they can draw as needed (Michaels et al., 2001). Thus, there will inevitably be talented people who are at times underutilized. Their higher-order needs are not being met and thus they must be generously compensated. Otherwise, when the time comes to move someone from the organization to a fulfilling, higher-order executive position, the talent will not be there.
CEO pay proponents also point out that the bulk of the "excessive" executive compensation comes in the form of stock or options. These instruments were brought into executive compensation packages specifically to align the interests of management with those of the shareholders. It was the shareholders and the boards of directors who initiated this, as a means to protect shareholder wealth. There have…...
Porter's discussion of strategies fails capture the highly specific responses needed from home base countries' multinationals to expand into other nations with cultures highly dissimilar to ones' own. In the Competitive Advantage of Nations, Porter assumes a cultural homogeneity and "likeness" and has never published research illustrating a western multinational or for that matter home base country moving into foreign nations. The research Porter completed with the Japanese Ministry of International Trade highlights the insularity and importance of trust through relationships.
The growth of westernized home base industries into China is significantly more complex than Porter theorizes through the diamond or other analytical constructs as defined in Competitive Advantage of Nations. For example, Chinese consumers prove extremely loyal to domestic products and brands, partially because so few Western items existed in the market until the 1990s.
The transformation to a free market economy did little to change the cultural…...
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References
Forbes (2006) - Why Do Good Managers Set Bad Strategies? Knowledge&Wharton. November 4, 2006. Accessed from the Internet on February 21, 2007 from location:
Porter (1990) - "Competitive Advantage of Nations" Harvard Business Review. March - April, 1990
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