...BUS 508- Assignment 2: Human Resource Strategy Latasha Luke Professor Mary Jane Granoff Contemporary Business-BUS 508 2/18/2015 In choosing an industry in which two or more companies that have been voted on some of the best places to be employed and carefully reviewing the Top 100 companies on Forbes I have chosen Wal-mart and Target. Wal-mart and Target are the leaders in the Retail industry. Both have many things in common when discussing corporate culture. Wal-mart and Target are both very customer driven. You can go into a store owned by either business and be met by knowledgeable, helpful employees. The type of service provided is a direct reflect of the type of training that is provided by each companies Human Resources Department. Each company has also embraced the idea of focusing on customers’ needs as well the needs of their employees and realizing that taking care of their employees is a way to build a strong team. Another way that these companies mirror each other is through community service efforts, both strive to be good corporate citizens at a time when the communities really...
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...CHAPTER 8: HUMAN RESOURCE MANAGEMENT: FROM RECRUITMENT TO LABOR RELATIONS Anielli Eugenia de Padua Guimaraes Professor Dr. Evangeline Jefferson BUS 508 - Contemporary Business October 23, 2012 Chapter Overview The importance of employees to the success of any organization is the very basis of management. In this chapter, we explore the important issues of human resource management and motivation. We begin with a discussion of the ways organizations attract, develop, and retain employees. Then, we describe the concepts behind motivation and the way human resource managers apply them to increase employee satisfaction and organizational effectiveness. We also discuss the reasons why labor unions exist and focus on legislation that affects labor–management relations. The process of collective bargaining then is discussed, along with tools used by unions and management in seeking their objectives. Glossary of Key Terms Collective bargaining: process of negotiation between management and union representatives Compensation: amount employees are paid in money and benefits Downsizing: process of reducing the number of employees within a firm by eliminating jobs Employee benefits: additional compensation such as vacation, retirement plans, profit-sharing, health insurance, gym memberships, child and elder care, and tuition reimbursement, paid entirely or in part by the company Employee separation: broad term covering the loss of an employee for any reason,...
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...CHAPTER 8: HUMAN RESOURCE MANAGEMENT: FROM RECRUITMENT TO LABOR RELATIONS Anielli Eugenia de Padua Guimaraes Professor Dr. Evangeline Jefferson BUS 508 - Contemporary Business October 23, 2012 Chapter Overview The importance of employees to the success of any organization is the very basis of management. In this chapter, we explore the important issues of human resource management and motivation. We begin with a discussion of the ways organizations attract, develop, and retain employees. Then, we describe the concepts behind motivation and the way human resource managers apply them to increase employee satisfaction and organizational effectiveness. We also discuss the reasons why labor unions exist and focus on legislation that affects labor–management relations. The process of collective bargaining then is discussed, along with tools used by unions and management in seeking their objectives. Glossary of Key Terms Collective bargaining: process of negotiation between management and union representatives Compensation: amount employees are paid in money and benefits Downsizing: process of reducing the number of employees within a firm by eliminating jobs Employee benefits: additional compensation such as vacation, retirement plans, profit-sharing, health insurance, gym memberships, child and elder care, and tuition reimbursement, paid entirely or in part by the company Employee separation: broad term covering the loss of an employee for any reason,...
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...------------------------------------------------- Human Resource Strategy Analyzing Google and Protiviti May 18, 2015 Dr. Woodard Bus 508 May 18, 2015 Dr. Woodard Bus 508 When looking at two countries on the Fortune 100 list I choose the number one company and the number 100 company. Those two companies are Google and Protiviti, Inc. Both companies are doing very well and have similarities and differences. Upon dissecting the two companies and figuring out why they belong on the Fortune 100 list, I found the following. The number one best company to work for in the world is Google. Google offers a great deal of products and services that are very useful. Google has over 50 different products listed on their website. The products are categorized by web products, mobile products, business products, media, Geo, specialized search, home & office, social, and innovation. A lot of their products can be used on mobile devices by downloading them as applications. Some of the applications that are very popular that Google created is Google Maps, Gmail, Drive, Google Wallet, Google Translate, Calendar, and many others. One application that is really cool is Google Wallet. It is basically like a prepaid credit card that is monitored by Google’s bank. You are able to make purchases as if it was a regular card. You can send and receive money. This is a very helpful application/service especially for parents that are giving allowances to their kids, college student’s receiving...
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...Entrepreneurial Leadership Bus 508 Professor Dainel Sersland Introduction Jerry Murrell founded five Guys burgers and fries from the vision. Five guys business plan was to create the perfect burger without “No cut corners” but to have the best burger in an already crowded market. Through out the paper we look at how Five Guys burgers and fries became successful, still growing strong and how the company ethical and social practice has affected their success. Five Guys burgers and fries mission statement, as simple as its menu, is aligned with the philosophy that if your are going to sell hamburgers and fries in a restaurant industry that has a lot of hamburgers-french-fries business, you’d better do hamburgers and fries well than the competitors. Murrell states ”we figure our best salesmen is our customer, treat that person right, he’ll walk out the door and sell for you”. I believe this is the key factor that sets Five Guys burgers and fries apart from the other fast food chain. Quality, customer service and choices made five Guys burgers and fries are the factors to success of Five Guys burgers and fries. Factors of Success Quality of the ingredients such as the meat is only fresh grounded beef and not frozen in any five Guys burger location, but just in a cooler. The menu is trans fat free, the bun is not toasted but grilled to keep the caramelized taste if the bun. Jerry Murrell states,” that all our money goes into our food that’s why the décor is simple”. The quality...
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...and Buying Patterns 5.0 Strategy and Implementation Summary 5.1 Sales Strategy 5.1. Sales Forecast 6.0 Appendix 6.1 Personnel Plan 7.0 Financial Plan 7.1 Break Even Analyst References 1.0 Executive Summary Kodjo car wash will be the first hand car wash serving Takoma Park, Maryland. The car wash will be run by Cokouvi. Cokouvi has been working for decades in Maryland big dealership. The Business Kodjo car wash will offer customers with three different services: interior cleaning, and exterior car washing. Kodjo car wash has a lot of competitors who are trying to take over the market by offering low rate with high quality service. Kodjo car wash offer high quality service, by hiring best employees in regards to respond quickly to the time customers have to spend in the shop before they get their cars back .This delivery time will be very important to kodjo car wash to keep its customers, and distinguish itself from competitors. Kodjo car wash will hire best employees to operate in effective cost control. Research proves that unhappy employee provides less productivity than an employee who is happy. Unhappy employee always fell like the managers are taking advantage on him therefore his result will be less than a happy employee. The Customers Kodjo car wash will have three groups of customers: local business car dealerships individual car owner and leasers. The environment surrounding the site area is quite affluent, and busy with 50% of the residents...
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... 1 Five Guys Burgers and Fries: Recipe For Success Bonds Contemporary Business- BUS 508 January 25, 2013 Five Guys: Recipe for Success 2 Five Guys Burgers and Fries: Recipe For Success Introduction Five Guys and a Burger was created in 1986 when founder Jerry Murrell realized his two oldest sons did not want to go to college. He was okay with their decision and decided to use their tuition money that had been saved to open the first Five Guys and a Burger, a quality hamburger take out restaurant located in Arlington, Virginia. This paper will discuss the company’s philosophy; start up values, factors for success and the culture of the food. Five Guys Philosophy Five Guys’ philosophy sets them apart from any other food chain. They believe that if you sell quality food and maintain superior customer service that the product will sell itself. “Keep it simple, focus on “food,” not “fast,” and use honest-to-goodness fresh ingredients of the highest quality you can buy.” (Smith, para.3) When a restaurant keeps it simple, inventory and training is much easier within the restaurant and employees usually do a better job due to their tasks being much more manageable. When owning a small business quality versus quantity is important because it separates you from well known companies. Most consumers know and recognize that...
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...Case Study for the Ethical Problem in Business Bus 508 The Bussiness Enterprise Introduction Business owners need to be concerned not only about profit, but also about social responsibility too. Social responsibility is often mandated by certain consumer protection laws, but it benefits business owners to make social responsibility a part of their business plan in order to provide a positive image and reputation in the marketplace. If firms want to do well for their business in the long term, they must have ethics and social responsibility. Social Responsibility includes: Responsibilities to the general public include dealing with public health issues, protecting the environment, and developing the quality of their workforce. Responsibilities to the customer include considering the customer’s rights, such as the right to be safe, the right to be informed, the right to choose, and the right to be heard. Responsibilities to Investors and the Financial Community Responsibilities to Employees. Companies require skill and knowledge from their employees to properly get the job done for them, so the company can earn a profit. In return the companies have wide ranging responsibilities to their employees. These include workplace safety, quality of life issues, ensuring...
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...Amazon.com’s E-Business Model Jessica Downing Mary Lind Contemporary Business (BUS 508) 07/23/2011 Discuss the pro and cons of Amazon’s growth and diversification of business and specialization, and make recommendations about what Amazon could have done differently. Amazon.com was founded in 1994; it is one of the largest book retailers online. Amazon.com also started offering different products online as well. Amazon.com had a variety of electronics like video, furniture, toys, and selling music (Amazon.com). Besides, Amazon has a lot of websites across the nation ranging from Canada to China. Amazon also does shipping to certain countries for some of their products. The growth and diversification of Amazon.com is to have a plan for their customer’s that makes it very convenience and making sure the prices of the products is a significant price for the customer’s to order online. The pros of Amazon.com are to influence the customer’s on saving money when ordering products online. Quality of the products making sure it is in good shape before shipment goes out to the customer’s. Another pro of Amazon.com would be seeing a huge market profit: In May 2006, Amazon.com made its grocery website and nearly 1,000 non-perishable items was placed on the grocery shelves (Amazon.com) Another pro would be individuals everyday goes on the website to shop for products. It is very convenience for customers. Amazon.com privacy act is on their website for the customer’s to read...
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...Diversification Strategies BUS 508 Contemporary Business Professor Lewis Janisa Carter February 1, 2012 Introduction In today’s highly competitive and challenging business environment many variables are to be considered when it comes to the success or failure of a business. Business firms must consider the worlds fast changing societal needs and appropriately employ the diverse strategies needed to flourish. This paper will compare and contrast two businesses, one successful and the other unsuccessful. By doing so, I will take a closer look at diversification strategies and evaluate the reasons that determine a business’s outcome. I will also discuss the importance of business plans, marketing plans, and strategic plans as they are key elements to the success of a business. And finally, I will offer the failed business new diverse strategies that would help with future success. Compare and Contrast Two Businesses and their outcomes Amazon.com Amazon.com was founded by Jeff Bezos in 1994, and launched in 1995. Amazon.com is an American multinational electronic commerce company. It was one of the first American Ecommerce companies to sell over the internet. Ecommerce has multiple advantages over “brick and mortar” and order catalogues. With Ecommerce customers can...
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...Assignment 1: Entrepreneurial Leadership Sara J Broderick Dr. Kathleen Irwing BUS: 508 Contemporary Business Strayer University Oct. 22, 2013 Entrepreneurial Leadership Five Guys’ Burgers and Fries, a family owned franchise is one of the fastest growing chains in America (Better Burgers Starts to Sizzle in Canada, 2012). Five Guys’ Burger and Fries sets itself apart from other fast food chains by using quality ingredients and keeping a constant core menu. Jerry Murrell, founder and owner says the business plan from the start is still the business plan today. “Sell a really good, juicy burger on a fresh bun. Make perfect French fries. Don't cut corners.” (Welch 2010) There are advantages to a family-owned business that give Five Guys’ Burgers and Fries unique edge. Also, Five Guys’ Burgers and Fries focus on the customer has helped their marketing efforts tremendously. Murrell’s philosophy for the successful franchise is different then most fast food franchises in that the focus is on quality food. Many fast food franchises serve frozen beef patties and dehydrated frozen fries. Five Guy’s Burger and Fries actually soaks their fries in water, then pre-fries them forming a seal so that when they get fried a second time, they don't absorb any oil -- and they're not greasy. (Welch 2010) Five Guys’ Burger and Fries also differs from other food chains by keeping the core menu. Murrell doesn’t want to serve subpar food so they stick with a limited menu and execute it...
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...Merger Acquisition Gaurang S. Patel Strayer University To Dr. Bridges BUS 508 – Contemporary Business Date: 07/06/2014 Q.1 Basically, merging in business world refers to the process whereby business that was initially separate entities come together and forms a corporation together and operates as one new entity (Chandra, 2005). To this effect, several reasons can be put across to explain why separate business entities decide to merge together with their competitors in the global market and operate as one new corporation or business entity. In this paper we shall examine T-Mobile and MetroPCS Company who merged in 2012 with their new headquarters in Bellevue. One of the reasons that lead to merging together of the two companies was the need of maximizing shareholders wealth or profits. In this respect, by merging together as one corporation T-Mobile and MetroPCS estimated that they will automatically reduce competition that they faced from each other thus the business or the new corporation will monopolize the entire market thus it will be in a good position to maximize profits. Secondly T-Mobile and MetroPCS merged with the motive of diversifying its risks in the global market. The global society that we live today is full of diverse political and economic upheavals that may weigh down on single business thus by merging with business organization in different countries the corporation, will stand a better chance of minimizing foreign exchange risks in foreign countries...
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...Assignment 2: Competitive Strategy Presented By: Carolyn Campbell Presented To: Prof. Laura Pogue Class: BUS 508 Date: November 4, 2012 Assignment 2 1. Determine how each corporate culture differs from the other. Southwest Airlines culture was very unique among all of its employees. The company generated a culture around prioritizing their workers over their customers. This family oriented atmosphere that was created enabled worker retention and customer service to skyrocket. Southwest was ranked number one among all major US carriers several times on a customer service as well as safety, price, on time performance, and baggage handling basis. Both customer and employees were expected to be treated with respect and dignity. This would soon be incorporated with red hearts on banners and posters as reminders of compassion that was expectant toward employees and customers. Fun was also incorporated into the company’s core value as a form of behavior that employees exhibited while performing their jobs. The company’s day-to-day operations included jokes and pranks, as well as frequent company-sponsored party to boost employee morals. The management team within Southwest Airlines was given roles to ensure that employees were proud of the company that they worked for. Managers were expected to spend at least one-third of their time amongst their workers, observing and ensuring that demands were met and also listening to employees concerns and suggestions. Managers and...
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...Borders Allison Foster Instructor Steven Brown BUS 508 – Business Enterprise April 30, 2011 Week Four Originally named “Cadavera”, Amazon was founded by Jeff Bezos in 1994. The purpose of this company was to provide the largest online bookstore ranging from compact discs, books to electronics and apparel. Amazon made it’s own individual mark in 1994 when the owner created a business plan that had no predicted profit for the first four years. According to (wikipedia.com), by the year 2001 Amazon turned a five million dollar profit. The Pros and Cons of the Amazon Business Today Amazon has grown more than just the worlds largest bookstore. Amazon created many different entities such as; Amazon Marketplace, Amazon Fresh Market, Amazon MP3, Amazon Payments, Amazon Prime, Amazon Kindle, and Amapedi. Amazon.com is also eco friendly by promoting the Go Green campaign. This company partners with American Red Cross and raise funds for national and environmental disasters such as Hurricane Katrina, Hati Earthquakes, and 9/11. Although Amazon.com has grown to be successful, the company still endures advantages and disadvantages of diversification of business and specialization. Advantages of Amazon.com are the business to consumer relationships, vast amount of diverse product selections, low cost of merchandise, convenience, personalization, and free delivery . Over the years, Amazon has dominated the e-business and internet retailing. Disadvantages of Amazon...
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...Assignment 1, Entrepreneurial Leadership Kelly Endebrock Dr. John Kitoko Contemporary Business, BUS 508 January 22, 2012 1. Analyze and describe the founding leader(s), leadership style, and major business principles of a profit-oriented entrepreneurial approach in which the primary goal is to provide a product or service to consumers and to make a profit. Bill Gates fits into the definition of an entrepreneur, they are said to be achievement-oriented, someone who would work until the task is completed, and who are restless and do not fit into structured organizations. “Entrepreneur Bill Gates founded the world's largest software business, Microsoft, with Paul Allen and became one of the richest men in the world.” (biography.com). Gates started with nothing more than a vision, and has been able to develop and realize this vision with grit and determination and in 30 years has become the center of the world’s largest company. Gates had nothing more than his own skills to develop Microsoft as a business and ultimately as a brand. The true test of an entrepreneur has to be in developing something from almost nothing. The Leadership style of Bill Gates is a mix of Autocratic and Democratic initially, and later he exhibits Laissez-faire styles by delegating some of the task to his key employees. Bill Gates’ Autocratic leadership styles were very obvious as he frequently joined his researchers and made teams and group out of them for more product launches. However...
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