I think that a business leader needs to act and conduct themselves in the best interests of their employees, and clients. This paying of multi million dollars spent on bonus for the executives is a huge ethical dilemma. The tax payers didn’t even get their money back prior the disbursement of the bonuses. This is the type of leadership that is stewardship but with bad unethical decisons As a leader, you can put the needs interests, and goals of others above your own and use your personal gifts to help others achieve their potential. The questionnaire in Leader’s Self: Insight 6.2 enables you to evaluate your leadership approach along the dimensions of authoritarian leadership, participative leadership, stewardship, and servant leadership.
Target’s balance sheet may be applied to my everyday life by showing me how the company is doing business wise and if my purchases are making a contribution towards their overall profit. The balance sheet can be used to help me see the ways that I have made financial decisions in my life. Their balance sheet shows that over the last 3 years their total assets have dropped by $401,000 which means that they have been selling a lot of merchandise. Their liabilities have dropped by $240,000 which means that they are not in as much debt. I do like the fact that from year 2009 to 2010 their liabilities dropped by $1,208,000 and their current assets went up by $936,000.
The best salesman had earned a salary ranging in the low sixties, while the managers earned an amount in the high forties to the mid fifties. Due to the sales override, the “receptionist” was making five times the amount of the other staff members. Problem/Opportunity Statement I feel that Finley has been presented with an opportunity to promote the receptionist. The salary being paid to Cathy Brennan is considered too high in the corporate world for a receptionist. According to Salary.Com, an executive receptionist in 2012 is making between “26,617 and 33,578.” Brennan’s enthusiasm, desire to learn, and customer service skills have proven her to be highly beneficial to the success of the firm.
He is also looking to hire the most creative people so that he can be a step ahead of the competition. Home Depot appeals to the values tradition and security. They downsized the number of employees, they made a significant effort to help the current employees and they lowered the sales and profit goals so the hourly employees could receive bonuses. 2. How would you describe Steve Ellis’s affective, cognitive, and behavior components of his attitude towards managing in a recession?
Executives are focused on quarterly returns for public companies and are effected by external earnings reports that can keep managers short sighted. One quarter focused on profits the next focused on revenue and over again. A reactive market based strategy leaves little room for long range planning for sustainable growth. Private Equity firms look at longer range business planning because they become a business partner. Dollar Genera’s performance relative to the Competition In 2006, on face value Dollar General has Dollar General is a performing well relative to it’s peers.
Such as the abandonment of gold standards which currently exists and it allowed to have more money to be put in circulation. The Fair Labor Standards act which established a maximum normal workweek of 40 hours and a national minimum wage of 40 cents/ hour which still exists. The SSA still exists which combated the widespread poverty among senior citizens. The social 2 3 security act also insured 26 million American workers against income loss from unemployment. 4 The New Deal brought feelings of optimism, with Fire side chats which gave people a sense of optimism for their nation by gaining confidence and this worked because the people started to withdraw more from banks.
Background: Judy Stevens the purchasing supervisor of Cottrill Inc. has the pressure to reduce the working capital of the Cotrill Inc, Columbus plant $300,000 annually. Judy is not satisfied with their pager service provider. Judy has been given a proposal from Saxton wireless which provides an opportunity for Judy to increase the efficiency of their critical pager services system and also to reduce the cost on the pager costs. However, the pager system cannot be disrupted nor can be changed overnight because of the high downtime cost of $200,000 per hour.Tallant is the trusted pager service provider which has been providing solutions to Cottrill for the past 12 years on the other hand Saxton is yet is establish a name for itself in the pager service industry. There is a challenge for Judy to choose the better service provider without taking any risk.
These points are just a guideline to obtain quality from a business; however, many of these points contradict the practice of “Salesmen of the Month” awards shown in the article. Firstly, one reason Deming would not approve of “salesmen of the month” tactics would be that this idea disagrees with his point stating that businesses should “end the practice of awarding business”. This tactic awards those who obtain business, which could lead the other employees to feel as if they are inadequate to the top “salesmen of the month”. This also ties in with Deming’s other point stating that businesses should “remove barriers that rob people of pride”. In the article the top 3 salesmen of the month each are shown their own individual profiles, while the other employees are simply grouped together into one generic heading titled “The rest of sales staff”.
Conversely, this type of manager might give Ravi the feeling of losing control, seeing he would not be consulted in making decisions. I do not believe that all of the criteria were necessary. For example, the strong educational background “must-have” is a good way to screen candidates, but it comes with the risk of screening out potential candidates with extensive experience in business. On a side note, the list of “must-haves” brings in too many fields of business, from management to marketing. A consultant or specialist for
Case Background Beta Management Company was founded in 1988. A wealthy couple had become fed up with their investment losses stemming from the October 1987 crash and had asked their friend, Ms. Wolfe, to manage a portion of their money. While business was slow at first, she gradually developed a client base through good performance and word of mouth. She considered herself a market strategist, and Beta Management’s stated goals were to enhance returns but reduce risks for clients via market timing. She would keep a majority of Beta’s funds in no-load, low-expense index funds (with the remainder in money market instruments), adjusting the level of market exposure between 50% and 99% of Beta’s funds in an attempt to “time the market.” One of her New Year’s resolutions had been to begin looking at some individual stocks for possible purchase for Beta’s equity portfolio.