Their position was lost revenue due to possible fraud and stealing by their own employees. These situations show a lack of compassion between Company Q and the community. The situations also show a lack of trust Company Q’s management has regarding their employees. It is my opinion that you cannot run a successful business if your management team has a lack of trust amongst the employees or not having the support needed from the community. * Part B Three actions that I would recommend for Company Q could take to improve the attitude toward social responsibility would be: In the higher crime rate areas Company Q could invest in a security process that would keep employees and the consumers safe.
Such as the violations of labor laws and gender discrimination, and taking out smaller businesses wherever they set up. One of the negative reasons to Wal-Mart would be its violation of the federal Robinson-Patman Act and any similar state law which is a law that prohibits price discrimination, as to most of its purchases of inventory, which drives many lawful and law-abiding local businesses out of business, which enables Wal-mart to lower its costs and sell at lower prices, all at the expense of its local competitors and the people who Wal-mart make their purchases from. Another reason that adds to the negatives of Wal-mart is that it's in violation of the federal and state wage and labor laws requiring Wal-Mart to pay overtime to its employees called "Associates" by Wal-Mart which enables Wal-Mart to lower its costs and sell at lower prices all at the expense of its local employees and their families. Wal-mart also allegedly uses unlawful tactics to prevent its employees from forming unions in violation of the federal Taft-Hartley Labor Relations Act and various state statutes.
These two stores were in high-crime-rate areas. Company Q should consider, instead of simply cutting losses and closing, creating a more crime-free place for the community and for the stores employees. Not only does closing stores create a higher unemployment percentage in an already high-crime area, but it also takes the profits that should go to the area to neighboring parts. Maybe by tightening up security devices such as cameras and alarms, etc, Company Q could work toward bettering the community and its profits. Besides, if chains closed every time they lost money, there would be a huge loss in just the opening and reopening phases of a business.
According to Keynes, why might deflation create problems for an economy? ▪ In expectation of increased spending, too many entrepreneurs would begin businesses and most would fail. ▪ The cost of repricing goods would increase costs, and therefore reduce profits, for businesses and they would cut production. ▪ People would drop out of unions because unions would become ineffective at keeping wages of members high. ▪ Consumers might expect prices to fall further and cut back consumption now.
Internal Issue: There is a misalignment of IT Strategy and the whole business strategy in RCCL. RCCL’s corporate strategy is to enhance customer experience, reduce cost, and increase revenue. All these three strategies need technological support from IT department. However, Murphy’s Leapfrog Project was shelved due to financial problem. Causes Analysis: As to external issues, there are mainly three reasons causing overall industry downturn.
However this can also have its negative impacts on the community. Since the permitting of conditional fee agreements (CFA), statistics shown that there has been a drastic increase on the number of claims in the councils on accidents for compensation using legal processes. This can be a disadvantage for those with low incomes since solicitors will only take up cases which may have a large financial outcome to a client, thus denying the poor individuals access to justice even if they has a good
Because of their consistently low prices on products, their competitors have lowered their prices in order to compete with Wal-Mart. In turn, this has driven overall prices down. Wal-Mart has also created many new jobs and increased tax revenues. Businesses that are located next to Wal-Mart stores have also benefited from them because customers who are shopping at Wal-Mart will stop at other businesses before or after shopping at Wal-Mart ("Walmartstores.com: Economic Opportunity"). Because of the impact Wal-Mart has had not only on the retail industry in the United States, but also globally, I think it is safe to say that Wal-Mart is a very secure company.
The higher the rate the more expensive borrowing would be. This means that it is more expensive to borrow money to support investment and growth. This all demonstrates to us that McDonalds will be more dependent upon the availability of credit as they are a franchise company. Inflation If McDonalds have high levels of inflation then they will have the lack of confidence in the future, as they will not be able to take on new things because the business is not able to buy many things for the money they have. There will be reduced profitability as there will an increase in costs which means that sales prices will go up.
Liugai Andrei BA-109 Nike’s sweatshop. Lesson should be learned In modern society, social responsibility of corporate is divided into economic responsibility, Legal liability, responsibility of charity and Ethical responsibility. Ethical responsibilities legally do not have to be forced by social norms formed companies comply voluntarily. So then companies need to pursue what ethical management is. Phenomenon called multinational corporations, business activities were confined within one country in the past have appeared riding the wave of globalization.
Wal-Mart’s growth in the United States and in many other countries around the world has not come without a price. Yes, they offer unbeatable prices and may have whatever you need, but the smaller “mom & pop” stores are the ones that are suffering. They can’t compete with a giant retail store, and are forced in to going out of business or filing bankruptcy. This is unfortunate, but many would have to agree, it’s not the fault of a giant company like Wal-Mart, it’s the fault