Proctor and Gamble is a well-known multi-national corporation that manufactures and distributes products serving individuals of multiple gender, race and ethnicities. Over the years they have amassed large amounts of revenue in billions of dollars because they have worked extremely hard to produce multiple brand name products in multiple sectors of the industry and distribute them at usually very affordable prices which make it very convenient in attracting consumers from all across the world, be it rich, poor or unemployed. This paper examines the structure, function and productivity of Procter and Gamble (P&G) while dissecting its positive and negative impacts on society and the environment. Overview and History of the Organization Overview The Fortune 500 multinational corporation to be discussed is Proctor and Gamble (P&G). Currently, P&G operations has two global business units namely ‘Household Care’ and ‘Business and Grooming’.
Firstly the development of TNC’s in countries. Tesco is a major TNC and in 2004, its first stores opened in China. This would bring lots of investment into China which would create many jobs, and access to new technology. Overall TNC’s would increase countries GDP. Also China is a NIC (newly industrialised country).
Huge business unquestionably had impact in this development of the economy, yet there are still other additionally political and social impacts to consider. This permitted the biggest and most effective of the organizations in America to undertake the leading role in the economy to their fullest potential and grow. Likewise through huge business, overseas businesses and markets prospered, therefore this accumulating a considerable measure of capital into the business sector. Huge organizations obliged mass-promoting and extensive manufacturing; this would add to the expanding interest of general society, and now likewise foreign interest, which expanded deals and profits of organizations, less demanding and a lot more rapid. Innovative developments permitted the utilisation of mass manufacture, for instance, the formation of the mechanical production system or the "Conveyor Belt" by Henry Ford for the Model T Ford auto.
From CNN Money, we learn that out of 500 best companies in the world, 166 of them have their headquarters in the United States. On the other hand, China is a powerful state, too. Even though communism is the dominant style, China has managed to export huge amounts of products throughout the world. China has achieved to become the United States’ primary competitor in economic development. It has had a very rapid economic growth in the past few decades.
Globalization Globalization is one of the biggest trends in today’s business world. Through the advancement of technology the world has gotten much smaller and as a result it is easier to do business across enormous distances. This is a trend sure to continue to grow. Leadership within Verizon is a challenge because it employs people across the globe. It is true this becomes easier with technology but when demands of all the different markets of the world are measured this can led to a much more complex puzzle.
Many companies have found that outsourcing some of their HR functions make these goals a reality. The trend in the business world today is no longer directed toward the simple acquisition of technology. Rather it’s the prudent utilization of technology to support the trend toward furthering a company’s “people agenda.” Achieving a balance between up-front and ongoing costs and reaping the benefits of these investments by cultivating employee growth, is the ultimate target. Among the main goals identified by HR departments, the most commonly cited include stabilizing costs, lowering their risks and increasing employee productivity. (ADP Research Institute, 2011).
Political factors are important for Tesco to cover when planning HR, From a shift in local public opinion to a change in government or even a new industrial world superpower entering the market, politics influence how much funding is available, how much tax must be paid, minimum wage rates, how markets are controlled. Tesco need to consider the external economic factors, this is because how much money is available for salaries, training and equipment is the most immediate concern in human resource planning, however, external economics plays an equally critical role. For example, people don’t have as much money to spend in an economic downturn and are normally much more selective in what they buy or what services they use. This means some industries, such as those producing luxury items or
It is measurably more expensive to attract a new customer than to retain an existing customer. So why do so many companies focus their efforts and their dollars solely on new customers? It is because every organization is committed to growth and growth is associated with building new business. However, in order to maintain continuous profitability, companies must establish and maintain profitable relationships with all of their customers (past, current and future). Business leaders must do four things to have profitable customer relationships.
UNIVERSITY OF CYPRUS DEPARTMENT OF BUSINESS AND PUBLIC ADMINISTRATION Master of Business Administration MBA577.7: Sales Management Final Exam Dr. Marios Theodosiou Spectrum Brand’s, Inc.: The Salesforce Dilemma Prepared by: Natasa Apostolou Question 1st Over the past decade, companies including Raynovac Corporation had made numerous acquisitions and mergers aiming to diversify and expand their products and brand portfolio. Due to the fact that the consumer brand industry had become highly competitive on a global basis had led these companies to develop abundant product lines giving them a lucrative opportunity to compete in a variety of markets, product categories and most importantly, to strengthen their relationships with retailers. The development of large chain stores across North America through retail consolidation had forced the balance of power to shift away from manufacturers. Instead, building strong relationships and creating powerful bonds with retailers had become the essential element for companies in order to be able to compete fairly in the markets. As a result, minor firms could not handle the pressure and compete as effectively as larger companies and thus, gaining shelf space amongst the different stores had become a huge struggle for them.
Coinstar, Inc. – Analysis of an Automated Retail Trailblazer Ranked 15th in Fortune’s Fastest-Growing Companies for 2012, Coinstar continues to ride a wave of success through its innovative self-service automated retail solutions. The company has experienced exponential growth with revenue increases of 39% and 29% in 2010 and 2011 respectively. This growth can be attributed to a growing number of kiosk installations, existing kiosk sales growth, and a continued effort to expand automated retail sales enterprises (Cacace, 2012).