In 2002 wal-mart had $219 billion in sales and $6.6 billion in net income, over 1 million employees in the United states and 1.4 million employees worldwide. The top factors that make Wal-Mart the best is the degree of customer intimacy, community building, and one-to-one marketing. Everyone should know that Wal-Mart has given that community feel through its brick and mortar stores and its superior customer service that makes the customer feel that intimacy with the company. Another big thing that Wal-Mart has over all others in the same field is a second area of major investment was in distribution technology. Wal-Mart established a network of innovative hubs which used “cross-docking” to minimize distribution center inventory and to facilitate the need-based inventory delivery system enabled by the satellite network.
1. Explain, in the context of meeting organisational needs, the difference between managers and leaders. Submit your answer for assessment. 2. How do you perceive the role of a business/ organisational manager, ie what things does a manager need to do and what resources do they draw upon?
They believe in a virtuous circle entwining the food chain, human beings and Mother Earth: each is reliant upon the others through a beautiful and delicate symbiosis. They send the message of preservation and sustainability which follows providing high quality good to customers and high profits to investors. Whole Foods markets have positioned themselves at the hub of this growth by becoming the world’s largest organic food store and earning billions in revenue from their 300+ stores all over North America and the United Kingdom. They continue to thrive as they still hold true to their original ideals and seek out to sell the finest natural and organic products available. Their basic mission: “Whole Foods Whole People Whole Planet are the elements that play a vital role in their company’s success”(Thompson, Strickland & Gamble, 2009).
• Competitors like Marvel are wooing customers with low cost per click-through • Condition-specific websites like cholesterol.com has a better chance of converting a visitor to a customer. • Setting a price competitive to Marvel’s would drop MedNet’s revenue by 80% • Since advertisements are the only source of revenue, MedNet’s has to rethink their revenue generation strategy to sustain their business. • It is considered as a product problem because they may have to change the value proposition Note that technology is fragmenting the market and disrupting the business model What are the decision options? • Charging for the content, treating site visitors as patients. • Extend coverage of alternative health information • Develop and manage corporate websites What does he/she need to know to make a decision?
The organization that I have chosen to use for this project is QuikTrip. QuikTrip is a convenient store that originated in Tulsa, Oklahoma in 1958 and has since expanded into several markets across the country including Dallas, Atlanta, Phoenix, and many others. They are well known for their cleanliness, quality food, and friendly service. They have a great track record in regard to being ahead of their competition and it is all due to the amount of research they do. 1.
PepsiCo has shown the best current ratio and is able to pay off their debts, which Coca-Cola does not have that and is struggling to pay off their debts. However, Coca-Cola has a higher retained earnings percentage, which means that it is able to have funds available for future growth of the company. The hope for both companies is to provide their financial statement with better information presented over their competitor giving the ability to earn more investors. PepsiCo and Coca-Cola do not need to be at war with each other as they have what it takes to get people to use both products, no matter what. Keep in mind, that it is the people’s choice whether or not to support a company and decide whether to invest in the company not competing against each
The personal values of the manager will affect his or her decisions and leadership style. Using a tool like the Williams Institute Ethics Awareness Inventory Assessment will give the manager an idea of his or her ethical profile and allow then to see if they match the ethics of the company. Using the profile the manager can better serve the company by applying his or her values in an area that may need their
The process of making decisions in the ethics games were based on the position of employment within the company. The position within the company can change based on an employee’s level. Ever employee has a duty to report issues, it is the position held that changes in what to do with the information. With the position held in these games the first process was protecting the shareholders and thinking of how this could affect those involved. The issues were dealing with by the employees in this exercise can affect the company and the individuals.
When it comes to organizational culture affects the way workers respond and react when positioned in ethical problems Organization’s culture can disclose the unwritten ethical standards that guide workers in their decision-making. Some companies can prevent unsafe ethical behavior by changing their organizational culture. Organizational culture is the study of the attitudes, beliefs and psychology within an organization. It not only includes how workers act together, but also how they connect with others outside of the organization. Ethical standards are the code of conduct required by the organization for workers to follow.
In short run profit maximization will increase however in long run it is harder to increase companies profit because they will need perfect information in order to prevent the risk of the market. According to reality in most of times big companies work for society, to get a brand image and name lowering prices, use child labor and pesticides in order to create lower cost and therefore increase their profit. Sometimes companies make polices in order to get subsides as low carbon emission. As a result more consumers are demanding these products. In the short run firms may not increase their profits because the cuts in prices but if they achieve this in long run they may experience maxim profits.