Premium Essay

Bsiness

In:

Submitted By aprilianita
Words 276
Pages 2
he major problem with Mega Brands is with the safety of the children that play with the toys. Magnets fall off of the toy and children swallow the magnets which can cause stomach flu like symptoms and has even caused one child to die. Another problem is Mega Brands refusing to cooperate with the U.S. Consumer Products Safety Commission. According to CPSC.com, “The U.S. Consumer Product Safety Commission is charged with protecting the public from unreasonable risks of injury or death from thousands of types of consumer products under the agency's jurisdiction. The U.S. Consumer Products Safety Commission is committed to protecting consumers and families from products that pose a fire, electrical, chemical, or mechanical hazard or can injure children.” The U.S. Consumer Products Safety Commission has a job to do as well as Mega Brands. From one business to another, Mega Brands should have responded to the recalls that could have prevented a lot of children from being sick. According to our text on page 263 “data was submitted covering 1,500 complaint reports made to Mega Brands”. Mega Brands “lacked an organized comprehensive reporting system.” (Brooks, Leonard J. Page 263.) If the organization was better this complaints could have been a red flag to get the toys off of the market.
The concerns that I would express to the CEO about the Magnetix to issues would be that there has been a reported death from our toys. This alone should make the CEO not feel at ease. If the child were his own, he would take every measure necessary to make sure this toy was off the

Similar Documents

Premium Essay

Syllabus

...School: Department of Business Course Number: ECON102 Course Name: Macroeconomics Credit Hours: 3 Credit Hours Length of Course: 8-Weeks Prerequisite: None | Table of Contents | Instructor Information | Evaluation Procedures | Course Description | Grading Scale | Course Scope | Course Outline | Course Objectives | Policies | Course Delivery Method | Academic Services | Course Materials | Selected Bibliography | Instructor Information | (Biography) Instructor: Dr. John Theodore Email: john.theodore@mycampus.apus.edu Phone: 727.712.1426 Office Hours: Sunday from 9 to 11 PM Table of Contents Course Description (Catalog) | ECON102 Macroeconomics (3 hours) This course is an introduction to the principles and tools of macroeconomic analysis. Macroeconomics investigates the main topics of the overall economy including Gross Domestic Product, inflation, unemployment, economic growth, recession, monetary policy and fiscal policy. We use these theories and concepts to examine the role of the government in our economy and how government makes choices. Table of Contents Course Scope | Macroeconomics is concerned with the study of the structure of an aggregate economy and its basic sub-divisions such as government, households and businesses and the relationship between these major components. It addresses the issues of economic growth, recession, unemployment, inflation, international trade, and the role of government and...

Words: 2806 - Pages: 12

Premium Essay

Hotels

...http://www.itcportal.com/careers/your-career-choice.aspx Executive summary This marketing strategic plane is designed for the one of the leading hotel chains which is itc hotels group. ITC is one of the leading chains with the number of hotels all over India. This report will discuss the major areas like operations, marketing, finance and human resource and try to analyses the gap in their polices and working also presents the appropriate solutions. Key success full factors The exclusive Towers concept of a hotel within a hotel, with its own Towers Club and an unique service design is now available at seven ITC Hotels - Luxury Collection .The Executive Club, a concept designed to meet the specific needs of the business traveler, pioneers a tradition in corporate hospitality, setting a premium on discreet efficiency and business related services. Executive Club services are available at nine ITC Hotels at key business locations. The recently launched ITC One offers a new dimension in Corporate Hospitality and is about discovering the’ Power of Personal Space’. ITC One is available at the ITC Maurya, New Delhi, ITC Maratha, Mumbai, ITC Grand Central, Mumbai, ITC Sonar, Kolkata, ITC Windsor, Bangalore, ITC Kakatiya, Hyderabad and ITC Gardenia. EVA Exclusive rooms dedicated for the single lady traveler. These rooms have amenities keeping in mind the requirements of a lady pertaining to her special needs in bathroom accessories, security, and safety and comfort...

Words: 807 - Pages: 4

Premium Essay

Total Rewards

...Assignment #1 – Total Rewards HRM533 Total Rewards Describe each of the top five (5) advantages of a total rewards approach. 1. Self fulfillment that people are recognized for what they do and encouraged to reach their potential through effective learning and development processes and given feedback on their performance 2. Organization culture roles are clear and organizational and personal values are in alignment so that employees engage and enjoy work (as much as is possible) 3. Another way to consider the necessary components of rewarding people is to view them as individuals, within their team, in the organization and generally in the workplace:- 4. Recognition being appreciated, not taken for granted, having a voice 5. Organizational culture being able to engage and fit with the organization in terms of its values and how things are done Describe five (5) common ways a total rewards strategy can go astray. 1. Simply copying another organization’s reward practices can lead to disaster, 2. It would be harmful for either firm to adopt the reward practices of the other. 3. Not implanting an effective award strategy 4. No considering the employees communication strategy 5. Not following the strategy the way is was implemented Describe the six (6) steps in designing a total rewards program. 1. Set the total reward strategy. With the business context in mind, an organization can develop guiding principles...

Words: 728 - Pages: 3

Premium Essay

Unit 1 P1

...The Promotional Mix For this task I have to describe the promotional mix used for two different businesses. The first promotional mix I have chosen is for the Samsung galaxy s4. I will be describing how the promotional mix that is used to promote the product. The second promotional mix I have chosen is for Lynx Apollo Marketing mix The marketing mix is the combination of four major tools of marketing otherwise known as the 4ps • Product • Promotion • Price • Place Promotional mix The traditional 4ps of the marketing mix are appropriate for dealing with tangible products such as a car or a pair of football boots. But for services such as banking and retailing the 4ps cannot be applied. So an extended marketing mix – the 7ps – is used • People • Processes • Physical evidence In order to develop a successful promotional mix for a product, it is important for a business to first, understand the nature of the customers and their needs and wants. The business needs to act to the information about their customers and create marketing activities that deliver something of value to customers. To implement marketing activities the business uses the marketing mix. Advertising The American marketing associations definition of advertising is: ‘advertising is a paid form of non-personal presentation and promotion of ideas, goods or services by an identified sponsor’. Advertising is the method used by a wide variety of organisations to; • Communication a message to...

Words: 1027 - Pages: 5

Premium Essay

Nucor - Strategy

...is the world’s leading mini-mill producer of a diverse range of steel products such as bars, beams, sheets, plates joists and fasteners. With a production capacity exceeding 27 million tons, it is the largest producer of steel in the United States, as well as North America’s largest recycler. Nucor’s growth and success are driven by its low-cost strategy and technological leadership. By pioneering the use of electric arc furnaces and creating a network of mini mills, the company eliminated the need for excessive costs in production processes, capital equipment, raw material, distribution and manpower. COMPANY HISTORY 1950s-60s – make of nuclear instruments and electronics 1964 – exited nuclear to focus on profitable steel joist bsiness 1972 – adopted the name Nucor and began long-term strategy to grow into a major player in the US steel industry 1985 – became the 7th largest steelmaker in North America 2012 – surpassed US Steel as the largest steel producer in North America 2014 – made 166 consecutive quarterly dividend payments, having earned profits in every quarter of every year since 1966 VISION, MISSION, VALUES Nucor is made up of over 20,000 employees guided by the following vision and mission: “Take care of our customers by being the safest, highest quality, lowest cost, most productive and most profitable steel and steel products company in the world.” The company broadens its definition of “customers” by including employees, shareholders, purchasers...

Words: 1673 - Pages: 7

Premium Essay

Enterprenure

...CONTENTS Sr. # Description Page # 1. Preface …………………………………………………………… II 2. Acknowledgement………………………………………………. III 3. Managers title page…………………………………………….. IV 4. Five principles…………………………………………………… V 5. Feasibility report………………………………………………… IX 6. Introduction……………………………………………………… X 7. Executive Summary………………………………………… X 8. Background of Entrepreneurs………………………………… XI 9. Production Plan………………………………………… XII 10. Marketing……………………………………………… XIV 11. 4P’S of Marketing………………………………………… XVIII a) Product……………………… XIX b) Price………………………… XX1 c) Placement ………………… XXII d) Promotion………… XXIII 12. Organizational Plan…………………………………………...... XXV 13. Human Resource Management…………………… ………... XXIX 14. Conclusion…………………………………………...…... XXXIII PREFACE This report is about the launching of a new business of hot factory restaurant in the I-8 markaz area of Islamabad. The management of this organization includes managers in different disciplines which play an important role in launching of a new restaurant. This...

Words: 3246 - Pages: 13

Premium Essay

Crompton Greeaves

...crompton greaves limitedWipo Limited | MANAGERIAL ACCOUNTING | ASSIGNMENT 03 | | SUBMITTED BY PRIYAL CHOWKHANI R1301038 PGDM 2013-15 1. Vision/Mission statement of the Company’s Promoters and their management philosophy. Vision Statement Vision statements help to describe the organization's purpose. Vision statements also include the organization values. Vision statements give direction for employee behavior and helps provide inspiration. Strategic plans may require a marketing strategy, which could include the vision statement to also help inspire consumers to work with the organization. Vision of Crompton Greaves Limited- To become a Leading Appliances brand  by offering technically superior products & services and qualitative after sale service thus enhancing the quality of life of every consumer, through an engaged team.    Mission Statement Leaders should emphasize the current mission statement to employees, which clarifies the purpose and primary, measurable objectives...

Words: 5342 - Pages: 22

Premium Essay

Collect Your Food!

...B.B.A. VI Semester Subject: Indian Ethos in Management SYLLABUS Class: - B.B.A. VI Semester Subject: - Indian Ethos in Management Unit-I Business Ethics: Introduction, Business Ethics and Management, Business Ethics and Moral Obligations; Corporate Social Responsibility; Corporate Governance; Report of the Kumar Mangalam Birla Committee on Corporate Governance; Role of Media in Ensuring Corporate Governance; Environmental Concerns and Corporations. Ethical Issues related with Advertisement and Marketing; Secular versus Spritual Values in Management, Work Ethics, Stress at Workplace Relevance of Values in Management; Gandhian Approach in Management and Trusteeship; Social Values and Political Environment Indian Ethos: Values and Ethics; Requisites for Ethics Globally A Holistic Management System; Management in Indian Perspective Unit-II Unit-III Unit-IV Unit-V 45, Anurag Nagar, Behind Press Complex, Indore (M.P.) Ph.: 4262100, www.rccmindore.com 1 B.B.A. VI Semester Subject: Indian Ethos in Management UNIT – 1 BUSINESS ETHICS Business ethics is nothing but the application of ethics in business. Business ethics is the application of general ethical ideas to business behavior. Ethical business behavior facilitates and promotes good to society, improves profitability, fosters business relations and employee productivity. The concept of business ethics has come to mean various things to various people, but generally it‘s coming to know what it right or...

Words: 9495 - Pages: 38

Premium Essay

Essay

...UNIVERSIDAD AUTONOMA DE NUEVO LEÓN FACULTAD DE CONTADURIA PÚBLICA Y ADMINISTRACIÓN INTERNATIONAL BUSINESS PROGRAM BUSINESS ITS LEGAL, ETHICAL AND JUDICIAL ENVIRONMENT “SUMMARIES” CHAPTERS 12, 13, 14, 15, 16, 20 and 21 Name: Nayeli Berenice Beltran Garza ID: 1586848 Group: 4Ai Cd. Universitaria de Nuevo León, November 16th 2015 CHAPTER 12 CONTRACTS AND SALES Introduction and Formation A contract is a promise or set of promises for breach of which the law fives a remedy, or the performance of which the law in some way recognizes as a duty. The three general sources of contract law for contracts entered into in the United States include common law, the Uniform Commercial Code, and the new sources of law evolving in response to e-commerce. Common Law The common law was the first law of contracts. It consists today of those traditional notions of law and the body of law developed by judicial decisions dealing with contract issues. Common law applies to contracts that have land or services as their subject matter. Contracts for the construction of a home and employment contracts are governed by common law. The Uniform Commercial Code (UCC) One of the problems with common law is its lack of uniformity, the states do not follow the same case decisions on contract law, and some states do not follow the Restatement. To address the uniformity, the National Conference of Commissioners on Uniform State Laws and the American Law Institute worked...

Words: 12443 - Pages: 50

Premium Essay

Egypt Economic Overview 2011

...CENTRAL BANK OF EGYPT ECONOMIC REVIEW Vol. 51 No. 1 2010/2011 Research, Development and Publishing Sector The Economic Review is issued by the Research, Development and Publishing Sector at the Central Bank of Egypt (CBE) on a quarterly basis. It aims to make available to a broad readership of specialists and nonspecialists a wide range of information on the performance of the Egyptian economy during the reporting period. The CBE posts the Review on its website: www.cbe.org.eg. Contents Page Main Monetary and Financial Indicators The Leading Article - Output Gap and Its Determinants: The Experience of Egypt ………………………………………… 1- Macroeconomic Performance 1/1 1/2 1/3 1/4 Gross Domestic Product (GDP)……………………………... Employment and Unemployment……………………………. Inflation……………………………………………………… Tourism………………………………………………………. 21 27 28 33 1 2- Monetary and Banking Developments 2/1 2/1/12/1/22/1/32/1/42/1/52/2 2/2/12/2/22/2/32/2/42/2/52/2/6Monetary and Banking Policy and Monetary Aggregates…… Monetary Policy……………………………………………... Reserve Money (M0)………………………………………… Domestic Liquidity (M2) and Counterpart Assets…………... Payment Systems and Information Technology (IT)………... RTGS and SWIFT Local Services…………………………… Banking and Credit Developments…………………………... Banking Reform……………………………………………... Supervision Sector…………………………………………… Overview of Banks' Aggregate Financial Position………….. Interbank Transactions in Egypt……………………………... Deposits……………………………………………………… Lending Activity……………………………………………...

Words: 48956 - Pages: 196