Problem Statement The problem, in this case, stemmed from declining department sales and inappropriate business practices that created unpleasant work conditions and significant reductions in employee productivity. There was poor communication between management and employees and the tally system incentivized individual goals rather than the group goal. This methodology caused
Bridget Hutchings - 228303 EST1 - Task 310.2.1-05 The attitude of Company Q towards social responsibility seems to be decreased by the pressure of profit loss. They closed 2 stores recently due to the fact that they were continually losing money. This not only creates a problem for the employee's that worked there, but also for the customers who frequented the stores. By improving their ethical makeup they could not only improve their profits, but it would also help the relationship with their employees and customers grow. There are a few things that Company Q could work on and change to create a better enviroment for the community.
Ethical Issues in Business - Objective 310.2.1-05 Evaluation It is clear that Company Q has protected its shareholders investments as well as the company’s profits by closing failing stores in high-crime areas which were consistently losing money. However, there are many areas in which Company Q has not lived up to their ethical duty to be social responsible, by failing to have a positive effect and not making attempts to decrease their negative effect on society. The lack of response to consistent customer requests for more healthconscience and organic products demonstrated a complete disinterest in their community’s health, customer satisfaction, and consequently return business. Lack of return business creates revenue loss, and affects both the business and the shareholders. When the requested products were finally available in the stores, the prices of the products were very high and the product variety was extremely limited.
And if they can not manage to improve their customer service, then other retailers will outperform them. After the terrible customer service, I decided to write a letter to the Consumer Relations Department and to my surprise, I received no response. I wrote a very professional letter in which I mentioned how much I enjoy shopping at Macy’s, however, under several occasions I have experienced dissatisfying service. Most
A massive layoff by a business decreases the business’s expenses because they will have fewer employees on the payroll. The business will also have less production and may have less income as a result. A household is affected by a layoff because an entire income is lost. When a household loses an income, spending is decreased to compensate for that loss. Businesses also suffer when massive layoffs occur.
Company Q was not being socially responsible when they closed two grocery stores that were located in the same general area of the city, they did not show a commitment to their employees and the community? When they closed their doors, that meant jobs were lost in the community, this instinctively brings anger towards the food chain. Company Q should have seriously considered what these closures could do to their reputation. Through the years, Company Q was not being socially responsible when they didn’t listen to the customers about stocking healthier foods and organic products. Company Q eventually listened and brought in a limited selection of products, but the customers found them to be to expensive to purchase.
Economic Advisement Paper ECO372 Economic Advisement Paper In wake of the recent downturn of the Unites States economy many major elements in the economy have suffered. Unemployment rates are still at unsatisfactory levels, expectations remain low among consumers, and consumer income is also lower than satisfactory. Although, current interest rates remain low it is believed that more needs to be done to ensure an economic rebound remains within grasp. The following represents recommended changes needed to ensure United States Citizens do not suffer more than they already have. The economy is considered to be very unstable at the current time, and it is the duty of the United States government to do everything in their power to once again stabilize the once booming economy for the sake of the entire country and its citizens.
This is a potential reason for the high turnover rate, as low-level employees are more likely to be transient. The results also showed that the majority of the sample was more dissatisfied, than satisfied with company operations. The qualitative data showed more negative responses (1 and 2) versus positive or middle ground responses. Employees feared losing their job and felt they were not being compensated fairly. Also, the majority of the employees surveyed did not enjoy their assigned shift nor did they feel they were given the proper tools to perform their jobs effectively.
The number of products imported from other counties has increased over the years and exports have seriously decreased. So, it seems that the United States finds itself in a very similar situation as in the Great Depression of the 1930s. The government didn't learn from their mistakes made back then therefore the economic situation has returned. Instead they find themselves with an economy overloaded with product, financial inflation and deflation which has lead to serious workers unemployment. Therefore, as I stated before The Great Depression came about because of three main causes, in my opinion these three causes were not properly dealt with which has people believing that the United States has fallen into another depression similar to the one in the 1930s.
First USA was the second-largest credit card issuer, yet it had so many flaws, such as low customer satisfaction, payment-processing problems, a shortening of late-fee grace period for some customers, and a very competitive low-interest/zero percent solicitation. These flaws angry the customers, which led to declining in net-interest margin. And that’s not all, once the customer lost his/her trust in the business, it is very hard