...understanding Duke Energy’s financial strength and to evaluate whether or not it will be a good fit for my professional career and lifestyle. Although a companies financial strength is more than the financial information you see in their financial statements like; company relations, employee satisfaction, and customer satisfaction. However, for the purposes of this evaluation I will focus on the company’s actual Financial Performance measures to close out my evaluation to make a decision. Within this evaluation I will look at areas of Duke Energy’s company history and their current financial statements. The History of Duke will include how the company got started, their goals and mission and how long the company has been in business. The history will also include the economy’s major Boom’s and how Duke Energy managed to pull through and maintain in business. Because the information found on a company’s financial statement itself does not give a complete understanding of the company’s financial performance and strength, I will transform the numbers and use financial ratios. Using financial ratios will provide a better comparison platform to compare and evaluate Duke Energy within their relative industry benchmarks. Upon Completion of this evaluation, I will be able to make a sound decision on the financial stability of Duke energy, and whether or not I will be accepting the management position. Evaluation of Duke Energy’s Financial...
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...Integrity Yiyang Zheng BUSA 552 Dr. Kerlin May 7th, 2015 INTRODUCTION This paper will review the ethical business practices of Duke Energy in the light of the recent Coal-Ash spill. It will review ethical principles, business considerations, stakeholder impact, and the company’s internal policies related to preventing environmental damage. The thesis of this research essay is that Duke Energy did not only suffer financial loss due to being made to pay a fine for environmental damage, but also the company’s actions negatively affected its reputation and share price. Therefore, companies should carry out ethical practices and risk assessments to best serve the needs of all stakeholders. BACKGROUND INFORMATION In February, 2014, Duke Energy released a high amount of coal ash into the Dan River, Rockingham County, N.C., which violates the Clean Water Act (CWA) (1972). The CWA is a waste-water and pollution reduction programs, setting guidelines and regulatory standards for different industries (EPA). Specifically, The CWA of 1972, amended in 2002, states that “it is the national policy that the discharge of toxic pollutants in toxic amounts be prohibited” (Clean Water Act, SEC. 101.3). Duke Energy was found guilty on nine misdemeanor violations (Smith) and was ordered to pay compensation. As a result, Duke Energy’s leadership agreed to pay $102.2 million for the damages caused, and the CEO confirmed that the company took responsibility for its actions...
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...its first acquisition, buying 16 Mohr-Value stores. In 1983, the first Sam’s Club warehouse opened followed by the first Wal-Mart Supercenter in 1988. By the end of the decade, the company had over 1,402 Wal-Mart and 123 Sam’s Club locations and $26 billion dollars in sales – an increase of 2,600% over the decade. Today, Wal-Mart is the world’s largest retailer, with $405 billion in sales, over 4,300 stores, and 2.1 million employees (Duke, 2010, p. 0). One hundred shares of Wal-Mart stock purchased for $1,650 when the company went public would have grown to 204,800 shares worth over $10.1 million as of July 9, 2010 for a return of 613,431% (“Dividends & stock splits”, 2010, July 9) (“Wal-Mart (WMT) stock quote” 2010, July 9). Daft (2008) stated “Wal-Mart is the largest retailer in the United States” (p. 129). Wal-Mart’s 2010 annual report provides the mission statement of the organization as: “Wal-Mart was built on the foundation of saving people money so they can live better” (p. 0). Wal-Mart’s website and financial statements disclose that the key values and beliefs include Wal-Mart’s claim to keep costs low for the customer and to build trust in its customer base (“Wal-Mart 2010 annual report”, p. 16). Sam Walton built Wal-Mart on three core values: Respect for...
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...Professional Development Plan by DBA Student A Project Presented in Partial Fulfillment of the Requirements for DDBA 8005 Foundations for Doctoral Business Administration Studies Instructor September 2009 Professional Development Plan Part IA: Description of Personal and Professional Goals From a very early age, I was encouraged to attend college by my parents, my grandparents, and a beloved uncle. They all taught me that obtaining an education, particularly a college education, was a privilege that had not always been afforded to people of color and that it should not be taken for granted. They also taught me that education was the best way to attain great success, no matter how I chose to define success. It did, however, take some time before I fully understood what they so passionately attempted to instill in me. It was not until I began working at Johnson C. Smith University (JCSU), in an environment of academia, that I understood the value and importance of education, and the incredible impact that being part of a learning environment has on a young mind. I have been fortunate to be able to utilize the management skills I learned from my undergraduate studies and through various employment opportunities after obtaining a master’s degree in business administration. I have enjoyed my experiences working in the business field, as diverse as they have been, and would love to teach business administration at the university level. I would like to pursue a Doctor...
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...Wal-Mart Ethical Analysis Abstract Wal-Mart prides itself on having one of the strictest and most stringent ethics policies in the industry. Employees are not allowed to accept any type of gift, including a cup of coffee. And its 1.3 million employees are encouraged to report any ethics violations that they might suspect or see. With having such a strict policy, Wal-Mart faces around 5,000 lawsuits a year from unethical business practices. Wal-Mart's rating as a company that consumers trust and respect has steadily declined in the last few years. Their image is declining due to negative press giving the perception that Wal-Mart is bad for the economy and is unfair to workers. Wal-Mart Ethical Analysis Wal-Mart was established in 1962 when Sam Walton, who had operated stores in Arkansas and Missouri, decided to open a discount store. In fifty years Wal-Mart has grown to be the largest retail chain in the world. Wal-Mart Stores, Inc. is not only the largest retailer in the world; it is now also ranks as the largest corporation in the world. Wal-Mart operates over 6,000 stores in the US and 13 international markets including the UK, Canada, Japan, Mexico, Brazil and China. It also retails products through its online site. The company is headquartered in Bentonville, Arkansas and employs around 1.3 million people. A business Code of Ethics (COE) is a written set of guidelines issued by an organization to its workers and management to help them conduct their actions in...
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...defined plan. Sam Walton, founder of Walmart, began his retail career as a management trainee at JC Penny. Walton opened a five and dime store in 1951 and his first Walmart opened in 1962. Walton’s concept of discounting prices included a large variety of low priced items, buying large quantity goods at the lowest price, and passing the savings on to his customers. Today’s retail organizations must have a plan to achieve success. Walton’s vision allowed Walmart to grow into a multi-billion dollar international retail giant. This paper discusses Walmart’s motivational profile including the background and history of Walmart, their corporate culture and management, the strengths and weaknesses of their motivational strategies, and finally, an analysis of Walmart’s motivational strengths and recommendations for future improvements. Background Information Before opening Walmart, Sam Walton traveled around the world studying everything he could about discount retailing. Walton became eager to bring the United States a different type of store. He had an idea that Americans wanted something out of the box. Walton put in most of his own personal money to open his first store in Rogers, AR. Walmart extended with more stores in later years. He always believed that if a business gave their customers what they wanted, they will continue to come back for more business. Walton knew that customers wanted a store to exceed their expectations. When a store inconveniences anyone, they...
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...Abstract This report discusses ways the open heart surgery program complies with the hospital’s mission. It will also analyze whether or not CMH, now known as Carolinas Medical Center Northeast (CMC), has sufficient infrastructure and financial resources / leverage necessary to add the program. The competitive situation among other area hospitals that could impact the decision will be described. The change in the service area required for the cardiovascular surgery service will also be explained. Alternative strategies the Board should consider before making a final decision on the possible addition of the open heart program will be examined. Key Words: Cardiovascular, open heart surgery, coronary care Cannon Hospital opened its doors to Concord, NC on July 26, 1937 with forty-six beds, ten bassinets, eight doctors and two patients (Swayne, Duncan & Ginter, 2009). They have come a long way since then. According to Cimino Wilson, they are now known as CMC-North-East, and have handled 12,045 surgical procedures, employed more than 4,700 employees and admitted 22,388 patients in 2011. Since its inception, thanks to the philanthropy of Cannon A. Mills, they have been a contemporary, well-equipped facility. Their mission then and now is “absolute commitment to service and clinical excellence.” Ways the program complies with the hospital’s mission. It was the goal of Cannon A. Mills to provide his employees with the best possible health care (Swayne, Duncan &...
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...and analysis of the problem-solving process used by Wal-Mart together with their decision making–processes. Wal-Mart was founded by Sam Walton on 1962 with the first discount store in Arkansas. Sam Walton saw the potential of retail store and eventually continued the empire of building different stores in the United Sates. Ethics plays a big role in the way Wal-Mart conducts their business. Wal-Mart, as one of the biggest business company in the world today, always believe in the three basic principles - respect for the individual, service to the customers, and strive for excellence. Wal-Mart actively follows the mission and ethical program designed by Sam Walton, the founder of Wal-Mart, values of saving customer’s money so they can live better. The foundation of Wal-Mart lies on every customer, associate, director and supplier. The organization’s focus is to build relationships and to emphasize the value of respect within the company as well as the community and suppliers. Code of ethics is a set guidelines used by any organization to establish an acceptable behavior for the members of the organization to follow. As in the case of Wal-Mart, the mission and basic beliefs of the organization makes them unique among their competitors. According to the message of the current President and CEO of Wal-Mart- Mike Duke, “associates in all areas and levels of our business are responsible for understanding and complying with our Statement of Ethics.” (Wal-Mart, Statement of Ethics)...
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...Ford Motor Company | Spring 2013 Final Project | By Drake Dukes, Sarah Miller, Josh McKeon, Mackenzie Sowers, and Danny Lee | 5/9/2013 | Introduction Ford Motor Company aka “Ford” is an American multinational automaker headquartered in a suburb of Detroit, Michigan founded by Henry Ford and incorporated in 1903, 109 years ago. Ford introduced methods for large-scale manufacturing of cars through the use of the world famous assembly lines. Ford Motor Company engages in the development, manufacture, distribution, and service of vehicles, parts, and accessories worldwide. Ford markets cars, trucks, parts, and accessories through retail dealers in South America, Europe, Turkey, Russia, and the Asia Pacific region (SEC). Ford is the second-largest US-based automaker behind General Motors and the 5th largest in the world behind its domestic counterpart, GM and foreign rivals Volkswagen, Toyota, and Hyundai. The company operates through two sectors, Automotive and Financial Services. Under the Automotive sector, the company sells automobiles and commercial vehicles under the Ford brand and luxury cars under the Lincoln brand. Ford also owns small stakes in Mazda of Japan and Aston Martin of the United Kingdom. The financial services sector provides financing products, which include retail installment sale contracts for new and used vehicles; leases for new vehicles to retail customers, government entities, daily rental car companies, and fleet customers; wholesale financing...
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...Case Study – Strategy Development in the Global Food Retail Supermarket Industry Introduction In order to develop a global strategy, the deep understanding of the term ‘globalization’ is very important for every company. Globalisation: The globalization increases the mobility of goods. Globalization is a term describing different complex ideological, political, environmental and cultural forces as one world. During World War II, the national boundaries got faded and financial markets, information services, manufacturing concerns as well as cultural products have made themselves available to the whole world. American hamburgers are available in Tokyo today and Japanese cars gets assembled and marketed in America. Virtually everybody is connected through Internet throughout the world. The world around us seems completely borderless. (Steger, 2009) The globalization of food retail super market industry has developed extensively in the supply chain retailing. It has made a greater impact on the public consumer market. The globalization has forced the local food retailers to think beyond retailing in the domestic markets for sustainable growth and presence. The global food retailing industry is a complex collection of diversified supermarket chains, independent food stores, and direct-to-consumer services that supply much of the food consumed today. The successful food retailers usually follow two strategic formats which are as follows: * Discount Outlets These kind...
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...University of Florida Levin College of Law UF Law Scholarship Repository Faculty Publications Faculty Scholarship 2013 Leadership and Followership Robert H. Jerry II University of Florida Levin College of Law, jerryr@law.ufl.edu Follow this and additional works at: http://scholarship.law.ufl.edu/facultypub Recommended Citation Robert H. Jerry, II, Leadership and Followership, 44 U. Tol. L. Rev. 345 (2013), available at http://scholarship.law.ufl.edu/facultypub/ 366 This Article is brought to you for free and open access by the Faculty Scholarship at UF Law Scholarship Repository. It has been accepted for inclusion in Faculty Publications by an authorized administrator of UF Law Scholarship Repository. For more information, please contact outler@law.ufl.edu. LEADERSHIP AND FOLLOWERSHIP Robert H. Jerry, II* "[B]etter followers beget better leaders." I been fond of a set of expressions HROUGH use to underscore the importance of an idea or a cause I sometimes the years, I have believe important and worthy of personal or institutional investment, or both. The expressions fit together like this: our society has a particular problem that needs attention; our colleges and universities, being institutions broadly representative of our society, also have this problem (as we should expect): we need to work on this problem in our colleges and universities; if we cannot solve this problem in our institutions of higher learning, then I have little...
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...Strategy and Balanced Scorecard Steve Wu 23.10.2014 1 Objectives for today 1. The Balanced Scorecard What is strategy? Elements of a Balanced Scorecard Implementation issues 2. Strategic Analysis of Operating Income 2 What is Strategy? Strategy specifies how an organization matches its own capabilities with the opportunities in the marketplace to accomplish its objectives. A thorough understanding of the industry is critical to implementing a successful strategy. Strategy Tactics and concrete actions Means Policy and higher-order goals Ends 3 Basic Business Strategies 1. Product differentiation—an organization’s ability to offer products or services perceived by its customers to be superior and unique relative to the products or services of its competitors Leads to brand loyalty and the willingness of customers to pay high prices 2. Cost leadership—an organization’s ability to achieve lower costs relative to competitors through productivity and efficiency improvements, elimination of waste, and tight cost control Leads to lower selling prices 4 Financial Performance Measures Financial performance measures are traditional measures based on financial statements Examples of financial performance measures? Core financial measures Net income Return on assets (ROA) Return on (common) equity (ROE) Sales revenue Sales growth Total costs Cost reduction rate 5 Financial Performance Measures Financial measures reflect outcomes...
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...organizations. Nurses need to develop a professional mission statement that defines our understanding of nursing concepts, our professional strengths and our critical thinking abilities. A. Functional Differences A regulatory agency, such as the Virginia Board of Nursing (VBON), is state government agency that exists solely to enforce the laws that regulate nursing practice. The BON protects the public’s safety and welfare by outlining the standards for safe nursing care, issuing licenses to practice nursing and monitoring compliance to state laws (McDaniel, 2013-14). The BON will investigate complaints of nurses not in compliance with the nurse practice act and will take necessary disciplinary action against nurses found in violation. In addition, BONs approve pre-licensure nursing education programs and oversee the licensure examination of nurses. All health care professionals must pay licensure fees in order to practice legally in their state. These activities assure that the public is cared for by qualified individuals (McDaniel, 2013-14). Professional nursing organizations have the same goal as BONs, to protect the public, however the method by which it is accomplished is functionally different. Nursing organizations are nurses working together to develop professional standards and practices, codes of ethics, and to promote and to protect to economic and general welfare of nurses (McDaniel, 2013-14). The mission of the Emergency Nurses Association (ENA) is to “advocate...
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...Question 1 0 / 3 pts <p>How has technology changed HRM practices?</p> How has technology changed HRM practices? You Answered The HR function is simpler. Recruiting using the web generates smaller, more focused applicant pools. Correct Answer Employee training is often delivered on demand rather than through scheduled courses. Electronic resumes take more time to evaluate than paper resumes. Employees are happy to be under surveillance by their employers. See page 7 Question 2 0 / 3 pts <p>Employee relations are part of which primary HRM activity?</p> Employee relations are part of which primary HRM activity? Global assessment Motivation Staffing You Answered Training and development Correct Answer Maintenance See page 34 Question 3 0 / 3 pts <p>A recent survey found that women in _________ are world leaders with 45 percent holding senior management positions.</p> A recent survey found that women in _________ are world leaders with 45 percent holding senior management positions. United States Correct Answer Thailand You Answered Canada Brazil Hong Kong See page 14 Question 4 0 / 3 pts <p>To assist the organization in its strategic direction, which of the following must HRM NOT do?</p> To assist the organization in its strategic direction, which of the following must HRM NOT do? Correct Answer Only react to the decisions made by top managers ...
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...D Diversity Analysis of Wells Fargo MGMT 360-51 Team - Multiplicity Shannon Willy Darren Cattnach Jeannine Petersen Edward Davis Cindy Sellner Metropolitan State University Summer 2010 Executive Background Introduction Wells Fargo & Company is a diversified financial services company providing banking, insurance, investments, mortgage, and consumer and commercial finance through more than 10,000 stores and 12,000 ATMs and the Internet across North America and internationally. They are headquartered in San Francisco; however, they’re decentralized so every local Wells Fargo store is a headquarters for satisfying all their customers’ financial needs. This has led to a large customer base, which Wells estimates that one in three households in America does business with them. Wells Fargo has $1.2 trillion in assets and more than 278,000 team members across their 80+ businesses. They ranked fourth in assets, and third in market value of their stock among their U.S. peers as of March 31, 2010 ("Wellsfargo.com," 2010). Wells Fargo’s company vision is stated as, “We want to satisfy all our customers’ financial needs, help them succeed financially, be the premier provider of financial services in every one of our markets, and be known as one of America’s great companies.” This statement has led them to have an outstanding reputation in the community. They have been recognized in the following publications: FORTUNE 19th in Revenue among All Companies...
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