CalPERS vs. JC Penney Overview CalPERS investment program began on February 22, 2000 when they included JC Penney on their annual Focus List. CalPERS further exclaimed that due to declining sales and a deteriorating customer base they had lost confidence in Penney’s management. Subsequent to the release of their focus list JC Penney made numerous strategic decisions to revitalize and boost the value of the company. Penney forced their current CEO James Oesterreicher to retire. Next instead of promoting from within, they searched for new blood and hired former Barney’s CEO Allen Questrom.
Though John had sympathy for the family pressures she was facing, but her unpleasant behavior was affecting the efficiency of the entire team and the organization. On the other hand, Andy another employee with CES and a team member for the waste management committee, made it worse by creating negativity in the mind of Vincent on the very first day of his office. Vincent resigned his earlier job because of the internal politics and did not want the same issues again. Vincent tough tried in altering Gwen’s job description but knew she won’t be satisfied with that too. John’s inability to anticipate issues and take up steps to resolve the conflict arising due to the Vincent’s presence is harming the output of the organization.
Although its competitors have continued to grow over the last three years, Best Buy has experienced a slow decline. Its announcement of its plans to expand and open 100 new Best Buy Mobile locations over the next year was superceded by two significant events in April of 2012, the resignation of their CEO and its announcement of its closing 50 stores. Both have caused the Best Buy’s stock price to decline further over the last few months. Even when comparing to the DOW Jones, NASDAQ, and S&P 500 in the chart above, Best Buy’s stock price is well below industry average. From 2007 to 2012, industry averages range from ~10% appreciation to ~-10% depreciation.
Considering the current situation of the business, if no changes were made, there will be: increasing amount of unsatisfied customers. The reason the customers are unsatisfied is because our employees have been performing poorly. If nothing was done to improve employees’ efficiency, customers will remain unsatisfied; decreasing amount of customers. Because customers are unsatisfied with the service and products, they tend to not return; similarly, , further deterioration of the business’ reputation caused by lack of customer satisfaction and poor customer feedback make it difficult to attracting new customers;
Team members are eager to satisfy assigned tasks given from a leader who supports and assists their efforts. c. Another strength I display is the ability to motivate and inspire my team to strive for excellence. By establishing high expectations for each team member as well as for myself, together achieve our goals. Through team member empowerment, each team member is encouraged to make decisions and contribute valuable input. Each member plays an intricate role in achieving goals.
Members are able to connect with others who are serious about the profession and want to build a network and it makes visible for great career opportunities. All these can make a great complement in improving skills and project
With each problem solved or goal achieved, excitement grows within the team and a sense of accomplishment is felt once the process is completed (Bethea, Holland, & Reddick 2014). Highly effective teams are also proficient at the process of self –evaluation. These collaborations learn from each experience, gaining knowledge and skills to address the next challenge or situation. A collaboration’s honest critiquing of the care process encourages growth and leads to an even more effective team. #2 Effective collaborations though can only form if there are effective members on the team.
Matt Petz Petz 1 Wal-Mart: The Devil of Business Ethics Wal-Mart may seem like a great business with its low prices and friendly customer service, but behind the scenes it’s a different story. Many people are fooled by the commercials high lighting the endless job opportunities and the great benefits, when in reality Wal-Mart is robbing its employees blind. Their employees are faced with many problems because of their employer’s business procedures. Wal-Mart employees are only given health care opportunities they can’t afford, they are cheated out of vacation time and extra hours, and they are even turned down for better paying jobs within the company because of their age, sex, or race. Wal-Mart is a large monopoly that is rampaging through the world economy in disastrous ways.
Question One: What factors do you think contributed to the level of success your group achieved? Communication was key to the success of Group 1. From the outset discussions within the group about our individual strengths, weaknesses, availability, and a time frame for when we wanted to achieve aspects of our assessment were clear and well discussed. I had suggested to the group on the 5/8/14 it would be great if we could have subtopics and themes locked in by that week ending we could go onto discussing who would do what. The Piece it together activity cemented our collaboration commitment and was a great way to get us all together.
It establishes a fundamental systems and processes for presenting and detecting misconduct, for investigating and disciplining, and for recovery and continuous improvement (Ferrell, Fraedrich, & Ferrell, 2011). The corporate governance did not protect the stakeholders because there was embezzlements from some employees and greed from the executive leadership. There was a lot of turnover at the executive level which made the organization weaken and may not able to carry out its mission. Not having this process in place to detect when there was some unethical acts being taking place has caused a lot of turmoil for this no-profit agency. There was not process in place to follow for recovery for when a mistake was discovered or a problem was reported.