...Introduction The country in which JC Penny does not currently do business is Iran. There are many reasons why business is not currently done in that country. This paper will cover Iran's financial perspective and business environment. It will also cover if JC Penny should venture out on its own or if it should merge with an existing Iranian company, upon choosing to do business there. Lastly it will cover risks, and payment plans if they were to go thru with the expansion into Iran. The country’s fundamental business environment from a financial perspective JC Penny is not currently doing business in Iran and for good reasons. Of all the countries in the world, the United States has the most abundant of international sanctions that prohibit or restrict business with Iran (Risk of tougher sanctions rises for businesses, 2007). Although it may be possible to conduct business in Iran, it will be difficult for JC Penny to do business in Iran. “Although most activities are not covered by sanctions, beyond a few key sectors such as energy, many banks, [sic] have been reluctant to become too exposed to the country in case tougher measures are imposed” (“Risk of tougher sanctions rises for businesses,” 2007, para. 1). The Obama administration presses allied governments and persuades corporate officials not to invest in Iran (Becker, J. & Nixon, R., 2010). Providing JC Penny negotiates the legal hurdles required to do business in Iran, JC Penny’s apparel is not what most Iranians...
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...J.C. Penny Corporation, Inc. Company Analysis and Prognosis Tasha Liberman CASE STUDY BACKGROUNDER #2 MGMT 498 nd July 22 , 2013 Table of Contents Introduction .............................................................................................................................. 1 Company & Industry Background...................................................................................... 1 Company Strategies ............................................................................................................ 1-2 Current Financial Performance.......................................................................................... 2 Financial Performance Compare to Sub-Sector ........................................................ 2-3 Primary Macro-Level Forces ............................................................................................... 3 Micro-Level Forces.................................................................................................................. 4 Primary Strengths and Weaknesses ................................................................................. 4 Risk and Rewards Potential................................................................................
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...public by going to the media. Therefore, going public tends to be more effective and cause the company bad publicity. Whistleblowing can be personal or impersonal. Personal is when the wrongful act affects the whistleblower alone. Impersonal is when wrongful act affects others. Many people whistle blow for two reasons: morality and revenge. Morality is the biggest and best reason for this act because people generally should want to be moral and ethical. Whistleblowers should keep in mind that once they blow the whistle there are consequences, such as termination, blacklisted and lawsuits. A few individuals are strong enough to blow the whistle. Whereas, many people would not because of fear. In this case, Robert Blatchford, the whistleblower was terminated for going public about J.C. Penney charging full price for items that were...
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...‘A CEO should stay clear of operational problems in the company. Otherwise he becomes part of the problem’. Please elaborate on what this statement means to you. Operations of an Organisation deal with the overall functioning of business effectively so as to obtain determined results within a specific period. Operations is mostly related to production/manufacturing where it helps to oversee, design, decide and implement actions accordingly. It is the same for the non-manufacturing based industries too. Operational problems may lead to disturbance in stability of business and may affect the growth of business. The operations of a Company are monitored not only by the designated team and the operations manager but also by the higher level employees of an organisation who overlook the entire scenario, anticipate the threats and opportunities and implement the same for progress of business. The operations of any business run on certain principles which form the reason of its existence, performance and growth. These may be termed as the pillars of the business operations and they are: 1. Vision and mission of the Company 2. Policies, structure and system 3. Investment, infrastructure and resources 4. Management and strategies Operational problems for example can be like wastage of resources, non-fulfilment of services within stipulated time, sudden breakdown of machinery in a manufacturing unit, lack of modern business strategies and ignorant management. An example of...
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...TermPaperWarehouse.com - Free Term Papers, Essays and Research Documents The Research Paper Factory JoinSearchBrowseSaved Papers Home Page » Business and Management Jc Penney In: Business and Management Jc Penney 1. I feel J.C. Penney’s strategy is to do with away constant “sales” and have every day lower prices. I also feel that Penney’s will favor the promotion of brand names and doing away with in-house labels. 2. Yes I think Penney’s has a good strategy for growth. The new CEO Ron Johnson is providing direction and encouraging new ideas. By using the “apple” model for Penney’s he is incorporating new ideas. Mr. Johnson is trying to develop a competitive advantage by changing the way Penney’s does business. His ideas are innovative and are being responsive to customers. Finally by offering brand names he is promoting quality over cheaper in-house labels. 3. Ron Johnson has established the mission and vision with his vision on how Penney’s needs to change to become competitive. He has established the grand strategy by assessing Penney’s current performance and lays out the game plan on how the mission will be accomplished. Mr. Johnson has clearly formulated his strategy by analyzing Penney’s internal problems along with the problems they have are facing from their competitors. Penney’s is currently n the strategy implementation part of the process this will take much investment but cost cutting and the elimination of sales have...
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...Review and History of Supreme Court Case titled Wal-Mart Stores, Inc. v. Samara Brothers, Inc. Lee Dupree Prof. Michael Hanners LEG 565 Commercial Law 08/08/12 Before the Case Ultimately, the goal of trade dress protection has always been to prevent other manufacturers from making one product look like another, therefore deceiving unaware consumers into purchasing goods from the wrong manufacturer. By the end of the 1990s, courts also began to protect product shapes and packaging. The broad label of unfair competition supplied product packaging and shapes with legal protection, known as trade dress. Trade dress was meant to make it easier for consumers to differentiate products by their dress and associate a product and its manufacturer with the dress as well. By default, this protection extended to protect the producer’s investment in the advertising and promotion of the product, and also allowed producers to sue on behalf of consumers who would have a difficult time bringing suit based on their confusion. Samara Brothers, Inc. designs and produces clothing for children and the most profitable part of its business was spring and summer one piece outfits that display items such as hearts or flowers. In 1995, Wal-Mart Stores, Inc. contacted one of its suppliers, Judy-Phillipine, Inc. and contracted them to produce an entire line of children’s clothing patterned after photographs of Samara clothes. (It should be noted that Judy-Phillipe, Inc. supplied the...
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...styling salons, optical, portrait photography, and custom decorating. The company offers various products and services online via its website, a platform that has been the nursery for industry giants like Amazon (AMZN) and eBay (EBAY). Its direct rivals include Kohl's (KSS) and Macy's (M), among others. J.C Penney's most recent quarter results least impressive among peers The company announced December quarter results on Wednesday, February 27, an event that sent the company's shares down the charts at Wall Street. The company's sales and revenues declined shamefully by huge margins. Revenues were down 25 percent for the quarter while Internet sales dipped 34 percent. On the other hand, Macy's online business soared 48 percent and looks set to take over what J.C Penney leaves behind. Last year, J.C Penney sent home 19,000 staff, and recently trimmed its workforce by 2,200 employees as it sought to cut fixed costs following a tough campaign. Customers are losing trust in the Texas-based company despite the massive experience garnered over the years. The company did not impress in terms of market share, with fewer than 17 percent approaching the retailer's stores. Contrary to J.C Penney, Macy's Q4 results tramped analyst expectations with sales increasing by 7.2 percent year-over-year to $9.35 billion. This included the extra weeks in the 2012 calendar. However, the management noted that, comparing the same number of weeks as 2011 sales grew by 3.9 percent. Operating income, excluding...
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...While some of the department stores covered by this Survey beat our same-store sales estimates for the first half of 2011, some lagged behind. (For details, see the “Same-Store Sales of Selected Department Stores and Discounters” table on the previous page.) Most of the moderate-price department stores such as J.C. Penney and Kohl’s fell behind expectations. On the other hand, discounters such as Dollar Tree Stores and Dollar General reported relatively strong gains in the first and second quarters of 2011. The better department stores such as Saks and Nordstrom have been able to attract upper-income households with limited sales promotions, by offering convenience and a superior shopping experience. These stores are sticking to their core strategies: they are actively striving to come up with innovative marketing programs and customer services, and selling exclusive designer products. (Adams Media Research, 2012) [pic] J.C. Penney and Kohl’s both posted modest sales gains in the first and second quarters. While middle-income consumers are showing reasonable caution in their spending behavior, they’re willing to go slightly over budget when the merchandise is right. Overall, discounters exceeded our same-store sales expectations for the first half of 2011, reflecting stable consumer demand for everyday necessities. Among the big box discounters, we believe Target benefited from an expanded assortment of food and allied categories. We also think the company...
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...Philosophy of Compensation Nikolette Arnold Letu How should a compensation plan reflect an organization’s mission statement and core values? The company’s mission and vision statements reflect its core values. For the same reason, having the right vision and mission statement is of outmost importance as it serves as a guiding principle for organizations to be able to stay focused on what they intend to do and how they should do it (Evans, J., 2010). Most organizations that have aligned their activities with their vision and mission statements have gained more than satisfactory results. Part of an organization’s strategic development is the setting of goals that coincide with their core business values. For example, a product manufacturer would ask, what is the purpose of making these products? How do I market these products? In the face of the competition, how would I know that consumers would buy these products? In addressing these questions, one would need to have a clear goal of what particular product he would manufacture and the intended market for the said products. Apparently, the product must have an edge whether in pricing, design and other value adding strategies in order to become sellable. In this regard, a manufacturer sets a vision of what he wishes to accomplish; should he want to become the leading producer of sports apparel. In order to accomplish that, he sets his mission, if it be producing the best sports apparel using only the best material...
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...|CASE ONE: TANGLEWOOD STORES AND STAFFING STRATEGY | Letitia Pinkney HRM 434-24—Employee Selection & Staffing Background Tanglewood is a chain of general retail stores featuring items such as clothing, appliances, electronics, and home decor. It was originally founded by best friends Tanner Emerson and Thurston Wood. The company’s mission statement is: Tanglewood will be the best department store for customers seeking quality, durability, and value for all aspects of their active lives. We are committed as a company to providing maximum value to our customers, shareholders, and employees. We will accomplish this goal by adhering to the core values of responsible financial management, clear and honest communication, and always keeping performance and customer service in the forefront. By the 1980s there were ten stores open. Emerson and Wood realized they had developed a fairly successful blueprint for running stores with a strong base of employee participation, customer satisfaction, and profitability. While all the stores under the Tanglewood name have the same basic look, the management styles and human resource (HR) practices still reflect the historical differences between stores. For staffing, in particular, the organization feels there absolutely must be a workforce of committed, qualified individuals who will help carry the Tanglewood philosophy...
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...Table of Contents Introduction 3 Background 5 Reason for Change and Change Diagnosis 6 The Success in Change 7 The Undoing of the Successful Change 8 References 11 Introduction JC Penney was a thriving retailer business that played on consumer’s emotions and made a consumer feel proud of themselves. JC Penney as a retailer created a buzz about themselves with their pricing strategy and coupons that they offered to their consumers. Consumers often discuss the sales and the great price of a sale of items amongst themselves. This was definitely a strength for this retailer. JC Penney was also a great place to shop for big and tall in a concrete building and store, not a catalog that was another appeal to their consumers. J.C. Penney was using a decentralized system of purchasing merchandise and inventory while other companies began to use centralize systems. To centralize the buying activities and revamp the stores, funds were needed. Funds were raised through the sale of JCP’s Direct Marketing Services, which sold insurance and travel and auto club programs. It led to a significant improvement of cash flow. The company then began to close down 120 of outlet stores that were under performing and sold its interest Eckerd drugstore chain to improve an influx of cash flow. J. C. Penney lost its edge over its competitor and started to lose money in the 1990’s and their investors were starting to get weary and the shares were plummeting from this event. J. C....
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...Tanglewood Case Study One Human Resources 594 C.H. March 19, 2013 Tanglewood is a large chain of general retail stores that sell such items as clothing, electronics, appliances, and home décor. In 1975, Tanner Emerson and Thurston Wood were the originally founders of Tanglewood. Initially, Tanglewood’s named originated from Tannerwood, which at the time only sold outdoor products and clothing. The business has a wonderful reputation in the local community. It was known for the superb customer service and loyalty among the customer base. Over the next several years, the company expanded to well over 200 stores across the United States. Tanner Emerson became the CEO and Thurston Wood became the President of the company. Tanglewood Organization A major concern for the company was the expansion of chains like Target and Kohl’s. These expansions have caused the leaders to dissect their HR policies and practices. “For staffing, in particular, the organization fells there absolutely must be a workforce of committed, qualified individuals who will help carry the Tanglewood philosophy into the future.” There was a comparison within the text that showed the standing of Tanglewood in regards to other chains like Dillards, J.C. Pennys, Macy’s, Target, and Wal-mart. “The financial showed that Tanglewood is a moderately sized organization with strong growth potential.” Staffing Levels 1. Acquire...
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...[pic] Wal-Mart: Where did all the small businesses go? Rasha Burara Anela Sehovic Bader Al-Askari Matt Meikle Problem statement The purpose of this assignment is to analyze Wal-Mart and find out their strength, weaknesses, threats and opportunities. We will identify the company’s issues by looking at internal and external factors that influences the corporation. In the analyzing part we have made an SWOT analysis to identify Wal-Mart’s strength, weaknesses, opportunities and threats to get better overview of the company. In general we can say that Wal-Mart’s strength is their ability to recognize what their customer needs are by offering low prices on all their products. We have also made Porte’s five forces which help us to analyze the external factors and the position of the company. Furthermore, we have looked on the ethical aspects that Wal-Mart is facing. • Problem 1 – How could Wal-Mart avoid shutting down small town, family owned businesses when they move into an area? • Problem 2 – How can Wal-Mart avoid losing American suppliers to foreign country suppliers? History Wal-Mart Stores (Wal-Mart) was established in 1962 when Sam Walton, who had operated stores in Arkansas and Missouri, decided to open a discount store. The company went public and was traded over the counter in 1970, before being listed on the New York Stock Exchange in 1972. Wal-Mart diversified into grocery (Wal-Mart Supercenters), international...
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...in electronic media, which is why it is sometimes referred to as information technology crime or info crime. This can be anything from downloading illegal music file to stealing money from online bank accounts. Cybercrime can also include non-monetary offenses, such as creating and distributing viruses on other computers or posting business information on the Internet that is meant to be confidential. There is no boundaries or jurisdictions when it comes to cybercrime ŞTEFAN, I. (2011). Below is three known cybercrimes though there are many more cybercrimes in the past and the future these are just a few. This cybercrime is considered being the biggest attack in US history. Five hackers hacked into companies like NASDAQ, Visa Inc., J.C. Penny Co, Jet blue airways Co, and Carrefour SA. They caused over 300 million to these companies. The hackers primarily wanted to steal and sale the 160 credit card numbers they stole from the companies. Authorities say each man had their own role, two hacked networks, another mined them for data, another provided anonymous web-hosting services to hide the group’s activities, and the last person sold the stolen data and distributed the profits. The suspects were caught because they sent each other instant messages saying if the hacks were successful, one man used google news alerts to see if his attacks had been discovered. All five of these men are from Russia and Ukraine....
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...1. Competitors. There are eight major competitors of Tanglewood: Dillard’s, J.C. Penny, Kohl’s, Macy’s, REI, Sears Holding Corp., Target and Walmart. On page 4 of casebook, it says “major concern for Tanglewood has been the westward expansion of companies like Kohl’s and Target”. Tanglewood has even more direct competition right now. It might be good to hire qualified staff to exceed the competition. Structure. Tanglewood is a retail business. It has clothing, jewelry, and non-clothing merchandise: sporting goods, bath, bedding and home décor. Company operates in the moderate price niche, targeting middle- and upper-income customers. Tanglewood is located in 12 geographical regions, with 20 stores per region. The breakdown of stores is: * Eastern Washington * Western Washington * Northern Oregon * Southern Oregon * Northern California * Idaho, Montana and Wyoming * Colorado * Utah * Nevada * New Mexico * Arizona Total number of stores is two hundred forty three. Employees. * Each store is managed by a single individual – store manager * He/she has three store managers working beneath him/her * The assistant managers for softlines, hardlines, and operations and human resources. * Department managers * Shift leaders * Associates Total: two hundred fifteen employees per store. Culture and values. * Tanglewood has emphasized employee participation and teams. * Vision for employee relations...
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