Not only does culture help improve an organization's productivity, effectiveness and efficiency but it allows it to be set apart from its competition. Both the workers of the company and the customers play a significant role in the representation of the organization and the fulfillment attained when culture is properly perpetuated and reproduced. This study henceforth explores exactly how participants of an organization help with the co-creation of a previously established culture within an organization. It will further examine how experiences and socialization also play a huge factor during the process of cultural co-creation. Concrete analysis was done through the use of ethnographic interviews, keen observations, and the obtaining of corporate documents.
QBT Task 4 – Final Version 2 Robb Farrell Western Governors University Student ID# 000242903 THE REAL BOTTOM-LINE OF TODAY’S BUSINESS Research reveals that companies that focus on adhering to ethical standards and investing in socially responsible practices to the benefit of all stakeholders have a significant business advantage it today’s market place. Socially and ethically conscious originations have compelling business results in related to employee loyalty, company profits and consumer affinity. There was a time in our capitalist society that an organization’s number one priority and predominant focus was profits and shareholder interest. Indeed things have and are changing. In today’s market climate, companies have had to increase their consciousness as to what really matters.
By doing this then the Company Q leadership can institute changes corporately as well as locally because they would then have an understanding the unique situations that each store has to contend with in each of the different communities. An added benefit of Company Q establishing and instituting a culture of social responsibility, will be in recruitment of talented individuals who are looking for companies that understand the importance of social responsibility in the communities in which they
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
Culture is a balancing act between many elements of a company and requires careful execution at each level. This is especially true for entrepreneurial companies, like Verizon, where what's going on is the developing of a business as well as a culture. Corporate culture must be led, fed, cuddled, and constantly monitored like a newborn. CEO McAdams is happy with his business and its growth. He created a culture to where people grow through training, camaraderie, treating others with respect, and promotes open communication.
Organizational cultures also can be created and maintained by the organizations managers, leaders or supervisors. Organizational culture is a common understanding shared among a group of individuals, and a certain type of behavioral patters within the organization that causes employees to interact in a certain manner with one another. Citigroup’s organizational culture has an effect on employee’s performance level, productivity, customer services, and behavior. The current organizational culture of Citigroup mainly has been determined by what has been working in the past for the organization to remain successful. With Citigroup’s organizational culture it has guided employees toward the behaviors and attitudes that have put the company at risk.
EST1 Task 310.2.1-05: Ethical Situations in Business Western Governors University February 2, 2013 EST1 Task 310.2.1-05: Ethical Situations in Business Companies have four levels of social responsibility: 1) economic, 2) legal, 3) ethical, and 4) philanthropic. A company has to balance its duty to shareholders to make a profit with its contract with society to make socially responsible decisions. In order to increase profit, a company must understand the needs of the stakeholders and develop a coordinated plan which establishes standards within the company that can be understood and accepted by all employees; as well as supporting the needs of the community it serves. Company Q has supported the need to improve profit by closing two unprofitable stores. However, an analysis should be made regarding the need to close those stores.
Sales-force was incentivized by a quota system with quarterly volume quotas. Manufacturing Selling Prices of RBS increased 3 times in previous 5 years. Price increases were due to increase in raw material cost by 11%. Advertising was focused on new uses of product like pet care, baby care, pool care, outdoor care etc and emphasized non-toxic benefits of product. In 2006 too much RBS product moved in the market, so need to deplete Inventory and increase sales RBS More aggressive in promotion during last 3 years.
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.
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.