In order for the plan to be successfully implemented and adopted, it is vital for the BCP manager to communicate the benefits of the plan to management and to everyone with an active role in the execution of the plan. In addition, the CEO will communicate the plan to all corporate employees to give everyone a general awareness of the project. Communicating the plan’s objectives and benefits can be done through a combination of e-mails, presentations, newsletters, and meetings. After the business contingency plan has been communicated, the first step in implementing the plan is to identify the employees who will be directly involved in executing the BCP. Those directly involved will also include the Board of Directors and executive leadership.
CVS Caremark Global Expansion to United Kingdom Global Business Management Abstract CVS Corporations was founded by Sid Goldstein, Stanley Goldstein and Ralph Hoagland, May 8, 1963 in Lowell, Massachusetts. In 2007 CVS pharmacy merged with Caremark Rx which created CVS Caremark. CVS Caremark is currently the number two pharmacy store in the United States with revenues exceeded $100 billion dollars and has over 7,400 hundred stores in 42 states. The corporation has been successful for over 40 years in the United States. CVS Caremark is designing a global expansion strategy to target areas that are profitable and promising demographically.
PROMINENT POSITIONS Board of directors Bradley J. Wechsler The role of the Board of Director is to supervise the business and affairs of the Company, Which are conducted by its officers and employees under the direction of the chief executive office CEO, to enhance the long-term value of the Company for its shareholders. The Board is elected by the shareholders to oversee management by enhancing shareholder value in a manner that recognizes the concerns of other stakeholders in the Company including its employees, suppliers, customers and the communities in which it operates. Chief Executive Officer The current CEO Richard L.Gelfond is responsible for ensuring that financial targets are being reached and that marketing activities and operational procedures are consistent with IMAX’s objective Executive Vice President & Chief Financial Officer As CFO, Joseph Sparacio is responsible for overseeing the financial activities of an entire company. This includes signing checks, monitoring cash flow and financial planning. Greg Foster Chairman & President, Filmed Entertainment Foster’s primary responsibility is overseeing all aspects of the company's global filmed entertainment activities, including creative, production, film distribution, business affairs, marketing, sponsorship, studio relationships and the revolutionary IMAX DMR® process.
The stakeholders of the firm include CEO Michael Riordan, Executive Assistant Jan McCall, SVP-RD Kenneth Collins, COO Hugh McCauley, VP international operations Charles Williamson and the IT service managers. Among the aforementioned stakeholders, middle management and the individual users will also be involved in the analysis to assess the full
The commands come from the boss and are passed down to the second in command to put in effect the commands. Each person has their position in the corporation and are enlisted grounded on the skill level (Abadinsky, 2007). The chain of command is one of the key procedures of the corporation. Every individual need to comprehend the pecking order to carry out the order given without difficulty. When the organization has gotten to a magnitude that obliges more individuals suitable to carry out the expectancies the operations creates typical guidelines and protocols.
The team essentially becomes the boss, with oversight from the company’s managers whom act as a liaison in fostering communication and structure for the goals to be accomplished. The teams will have a sense of shared governance and accountability for the goal attainment. Key components of contributing to a successful launch of the newly created structure include, but are not limited to; a clear vision from the COO on what the direction, and plan of action will be, implementation of strong communication of the plan with the managers and employee’s, and a system of checks and balances to allow for adjustments to be made to accomplish the goals of the
Riordan Virtual Organization Riordan is a company looking at all the areas of business. Starting with a strategic plan and the significance of having one, to accountability of social and ethical concerns. Having a strong knowledgeable employee base increases the moral and the security of the company both in the United States and Internationally. Providing the proper financial documentation discloses how the company is doing. Conducting key measurement guidelines to ensure they are on track with production and budget.
The various types of stakeholders exhibits different specific roles in implementing a quality management process. The company’s CEO seeks out to employ the skills, experience and knowledge of each stakeholder group to further the organization’s long-term goals. The employees of the organization are responsible for conveying the tasks specified in the company’s strategic plan in a resourceful manner. Employees interact with customers on a daily so employees are close to the action. In a manufacturing environment, employees work on the company’s products.
For example Frederick W Smith, the President, Chairman and CEO of FedEx provide the strategic direction for all companies operating under the FedEx brand. In addition, each operating company has an assigned President and CEO; such as, David F. Rebholz providing strategic direction for FedEx Ground. As an organization with locations and employees spread out over the globe the FedEx Corporations Human Resource department has many issues to deal with, for instance, attracting qualified candidates for each operating company, retaining that talent, providing guidelines for managers dealing with cultural differences, diversity training for employees and management, overseeing and maintaining the benefits and compensation provided to employees. 2. Describe the major legal concerns of the organization and recommend how those concerns should be addressed.
Management uses several ways that lead to successful performance; they lead by structure, emotional intelligence, human intelligence, and thought leadership. Management uses several ways that lead to successful performance; one way is by structure. An organization structure describes the way the organization operated. It is shown by an organization chart, which list the roles, departments, hierarchy or chain of command. It show a person who the leaders of the organization.