Were payroll costs outpacing profits? Was there a rise in product theft due to shoplifting or vandalism? While all of these are causes for concern, Company Q only states that they closed the stores due to decreased revenues. In seeking to prevent lost monies, Company Q apparently forgot that those who could be considered stakeholders weren’t just Company Q’s owners or board of
The Screaming Table Restaurant’s pay system did not meet all the criteria for effectiveness identified in Compensation Notebook 1.1. It could not be seen as equitable since the “volunteer” staffs could not get what the other servers were getting, which was the minimum wage and other benefits. It did not comply with the law because by not paying employees minimum wage was violating the provincial employment standards legislation. The Screaming Table Restaurant’s pay system has helped them to reduce the labour cost and meanwhile has brought them more profit; however, this structure might be hard to attract and retain qualified individuals since candidates or current employees would consider the job this as a low pay one, and would not want to work for the company. Personally, I consider the restaurant’s pay structure as an effective one because it did helped the restaurant to save a lot and besides, if the volunteer staffs knew that their wage was from the tips, they would try their best to perform the quality service for customers to earn high tips.
There are many people who shop at Wal-Mart because of their low prices and the convenience they provide. Most people do not realize the negative impact on American society from shopping at Wal-Mart. They use their popularity to influence situations which have a negative effect on the United States. For example, shopping at Wal-Mart promotes bad business tactics, which can cause American factories to shut down, hurt the working-class, and cause national economic consequences. The First reason people should not shop at Wal-Mart is because it helps promote bad business tactics, which can cause American factories to shut down.
The ethical and social implications in the decision revolve around the fact that Whirlpool did not consider the best interests of all it's stakeholders. The effect on the local community and vendors in Evansville stretches far beyond the effects of just the plant workers losing their jobs. So while the company may have met its economic responsibilities in it's attempt to maximize profits and meet consumer price expectations, it fell short on its ethical responsibilities. 2. Whirlpool has many legal and ethical responsibilities in the plant-closing example.
Wal-Mart’s sales were growing, and that meant that Target’s sales would go down since consumers preferred Wal-Mart for Target. The inability of Target’s managers to identify a solution to the problem of dropping sales and develop a viable course of action also affected Target’s performance. Another micro environmental factor was the thriftiness of customers all over America, which endeared them to Wal-Mart. The impatience of Target’s shareholders and the pressure they exerted on the company’s board to deliver was also a major factor. The marketing strategies that were adopted by the management also failed to turn things around.
Burger King and Tim Horton’s International Dilemma: A Managerial Analysis | Qiyun Feng | | | | Executive Summary Primary Problem * The lack of cultural flexibility is throwing Tim Horton’s and Burger King behind other competitors. Secondary Problem * Lack of identification from consumers from other parts of the world. * Low sales compared to Canada and vice-versa * Inflated menu that confuses first-time customers * Lack of significant market shares * Wasn’t able to break in to significant market even under the American company, Wendy’s * Lack a specific marketing point * Higher taxation on Burger King leading to lower revenues * Lack of correct menu presentation Implications on the Organization As the market grows, it will become obvious that the company will have its growth forever limited by the markets of Canada. Since it is obvious that the growth of Tim Horton’s is out growing the growth of population in Canada, there is no doubt that Tim Horton’s will eventually reach market saturation. Perhaps the when is unknown, but it will.
Informal report Part 1 Concepts from Session 2, The External Environment (B120, Book 1) (a) Issues found at The Lodge Bistro Chain were: * Lack of dealing with growing competition and increasingly threatening external environment. With a rise in the amount of cafés and restaurants it is essential for managers to be creative and competitive in order to attract customers. * Weaknesses in CEO’s leadership and individual managers – Using a Laissez-faire style leadership(Cameron and Bridge, 2012) is clearly not working with some of the managers, giving them more autonomy without proper supervision in place can damage the Lodge Bistro chain’s reputation. * Falling standards, meeting agreed targets rather than how they were achieved, high staff turnover, perhaps due to lack of motivation resulting in new staff leaving after being trained, furthermore putting pressure on existing staff and managers. Word count: 120 (b) The Open University (2012, p17) cite: ‘’A key success factor for any type of business is an accurate understanding of the external environment on which it operates.
Wal-Mart’s sales were growing, and that meant that Target’s sales would go down since consumers preferred Wal-Mart for Target. The inability of Target’s managers to identify a solution to the problem of dropping sales and develop a viable course of action also affected Target’s performance. Another micro environmental factor was the thriftiness of customers all over America, which endeared them to Wal-Mart. The impatience of Target’s shareholders and the pressure they exerted on the company’s board to deliver was also a major factor. The marketing strategies that were adopted by the management also failed to turn things around.
The only kinds of food that poor people can buy are unhealthy foods from places like McDonalds or Wal-Mart. Lastly, Eric Gimineze believes that the poor are not being paid well enough to be able to actually live. The problem is not that food is expensive, but that the poor do not get paid well enough to be able to keep themselves and their families afloat. Although all three articles offer a solution to hunger, Gimineze presents the best solution with his idea to raise the wages for the poor to livable rates, so that they do not have to struggle to make ends meet. Although Gimineze’s solution is the best, it is not in accordance with the other articles.
The gap among the rich and the poor exists not only in terms of wealth, but also in terms of access to healthy food. Normally, businesses do not think about the wellbeing of those that live in poverty, they are too worried about their own success to worry about the underprivileged. More often than not, businesses make decisions for financial reasons, not based on the wellbeing of others. Morally, the food gap in America is a huge problem. While existing in the same society, under the same foundation, some people have the funds to sustain healthy diets, while others have nothing to eat or overeat to the point of obesity.