...When Corporate Values do not Align with Personal Values When an individual accepts a position at a company, it is important that they should first check that their values match the companies’ values. Often, the companies’ values are readily available and should be researched before the position is accepted, but in some cases, an employee will find out too late that they feel a conflict between their own values and their employer’s values. Every person has certain ‘Benchmark Goals’ that dictate what is important to them in life (Pace, 6). Some people value family, money, and some value having a career in a certain field. Employees in positions where there are conflicting values can be unhappy in their position, and it can carry over into their personal life. When values align, it can give an employee a sense of purpose and connection with their position and coworkers. Sometimes though, if the values do not match up, it can cause internal conflict for the employee, or even conflict between employees. There are two main ways that an employee can have conflicts with the values, between them and their supervisors or coworkers, and between them and their company. Someone who has very strong values centered on faith will struggle with a company who requires weekend work which might cause them to miss a weekly service. Katherine Dean reminisces about a position she once held where her supervisor pushed them too hard, because he overly valued sales and financial gain, even above...
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...ALIGNING INCENTIVES IN SUPPLY CHAINS AGENDA OVERVIEW OF ARTICLE MODEL OF ANALASYS (CLASS DISCUSSION) CONCLUSION QUESTION / ANSWER PERIOD CISCO (Mad Monday April 16, 2001) The world’s largest network equipment maker shocked investors when it warned them they would soon be scrapping $2.5 billion of raw surplus (almost 50% of quarterly sales) - which is one of the largest inventory write-offs in US history. How could Cisco misread demand by $2.5 billion, almost half as much as its sales in the quarter? Many experts believed it was due to forecasting errors, or forecasting software problems, or even mismanagement from top executives But were they right in their assumptions? CISCO (What really happened) The truth is Cisco ended up with much more inventory (subassembly boards and semiconductors) then demand required due to supply chain partner’s behaviour in the 18 months leading up to Mad Monday Cisco did not have a manufacturing plant and subcontracted out to multiple third parties who mass produced the components because demand for Cisco products usually exceeded supply Cisco compounded the problem by offering incentives to suppliers who delivered quickly, which gave the suppliers incentives to build buffer stocks. The suppliers also boosted profits by buying in bulk from component suppliers. This turned out to be a win/win situation for the subcontractors and the component suppliers alike. Demand began to...
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...president of Levendary China also operated like the original founder. He took it upon himself to make the changes needed in order to adapt to the needs of the Chinese customer. Looking at the operations from this perspective one would be able to conclude that although the China operations may not be strictly process aligned with their American counterparts they are certainly vision/mission aligned. From the information given in this case, it appears that the China expansion had no corporate strategy in place. Incorporating a globalization strategy and aligning it with the corporate vision/mission is the first thing I would do. They could use what is called the balance scorecard, which is a strategic planning and management system used to align the business activities of an organization, improve internal and external...
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...1. What are the key elements of Loctite’s value proposition? Name three of these elements and briefly explain why you consider them most important. (10 marks) An element that should be extremely important to Loctite is their brand imaging. The company has identified through a survey that they should not confuse “who do you go to first” with “who do you buy from”. They also identified that customers are likely to go to them first although they might not be the supplier of the customer’s final choice. There is great value in being the first supplier that a customer goes to. This means that they are recognized as the leaders in the industry and, if they managed their sales during those first interactions, could be the first and only choice of many consumers. When customers are in the industry of Loctite products they think Loctite first. Loyal users of the products were willing to pay a little extra for the Loctite brand because they knew that Loctite would ensure that the product would work. Another element of importance to Loctite’s value proposition is the quality of product being offered. This aligns with their brand imaging as well. They are known for quality product because they put out a high quality product. When placed against their competition, Loctite products would always be considered the best among its competition. The product worked, was dependable and got the job done for consumers. They put products that...
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...words in the first person narrative voice. SUGGESTED OUTLINE AND QUESTIONS FOR YOUR ESSAY YOUR PERSONAL INTEGRITY: What is your understanding of a moral compass as a foundation for personal integrity? From which Wisdom Tradition(s) do you draw in constructing your moral compass? What do you value and question about this Wisdom Tradition? • MORAL VISION: What is your vision of a good life? What values anchor your moral vision? What symbol, song, image, or story motivates and inspires your moral vision? How does your Wisdom Tradition influence your moral vision? • MORAL CODE: What are the rules or principles of your moral code? How does your moral code align with your moral vision? How does your Wisdom Tradition influence your moral code? • MORAL FITNESS: What practices constitute your moral fitness regimen? How do you use these practices to cultivate personal character and integrity? How do these practices align with and reinforce your moral vision and code. How does your Wisdom Tradition influence your moral code? • DEFINING MOMENT: What moral challenge has been a key defining moment for you? How has this challenge tested, clarified, and defined your character and values. If you could, how would you rewrite the script for this event in your life? Why? How does your Wisdom Tradition influence your moral understanding of this challenge? YOUR FUTURE AS A BUSINESS LEADER: Drawing from the precepts and insights of your moral compass, how do you envision your future...
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...Personal Values What are values? Values are qualities, standards, or principles individual’s uses as driving forces that influence their actions and reactions. Values are also considered psychological objects that we cannot see or touch, but are considered physical objects (Posner, 2010). Types of values include ethical or moral values, personal values, or core values (Fiset, 2007). “Values, personal values, and core values all refer to the same thing” (Best of Time Management, 2008). Values are used by individuals and organizations. “Using values help individuals and organizations energize everything concerned with them. In this paper, I am going reflect how my values align (or do not align) with the values of Kudler Fine Foods and how they affect my performance. Where Values Comes From Individuals inherit values. They learn from their parents, teachers, and other influential individuals in their life. Values can reflect the values of the place where an individual live. Values may change some, but they last a lifetime (Best of Time Management, 2008). Everyone have values that determine their decisions and guide their lives. Individuals may dedicate or give up their entire life to pursue their values (Posner, 2010). My Values Implementing values as an individual can always attract success, achievement, and well being for that person. I have a lot of values I implement, but I am only going to discuss a few values that I use. Some of my values consist of the...
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...draw in constructing your moral compass? What do you value and question about this Wisdom Tradition? * MORAL VISION: What is your vision of a good life? What values anchor your moral vision? What symbol, song, image, or story motivates and inspires your moral vision? How does your Wisdom Tradition influence your moral vision? * MORAL CODE: What are the rules or principles of your moral code? How does your moral code align with your moral vision? How does your Wisdom Tradition influence your moral code? * MORAL FITNESS: What practices constitute your moral fitness regimen? How do you use these practices to cultivate personal character and integrity? How do these practices align with and reinforce your moral vision and code. How does your Wisdom Tradition influence your moral code? * DEFINING MOMENT: What moral challenge has been a key defining moment for you? How has this challenge tested, clarified, and defined your character and values. If you could, how would you rewrite the script for this event in your life? Why? How does your Wisdom Tradition influence your moral understanding of this challenge? YOUR FUTURE AS A BUSINESS LEADER: Drawing from the wisdom of your moral compass, how do you envision the role of human values in your future as a business leader? * SOCIAL CONSCIENCE: What challenges and opportunities do you envision for yourself in building a social network of shared values? * CONSCIENTIOUS LEADERSHIP: What challenges and...
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...Value Alignment Introduction British Petroleum (BP) is an oil company founded in 1909. They merged with Amoco Corporation in 1998 and became one of the largest oil companies in the world ("Encyclopedia Britannica", n.d.). Working in the oil industry for so long, BP has encountered many issues that have tested the organizations values. Analyzing those values and comparing them to personal values can lead to a better understanding of the organizations actions. Personal and Workplace Values Values are beliefs rooted deep in our subconscious that influence peoples actions and decisions (Gibb, 2010). During childhood, a beginning set of values are derived from interaction with parents, teachers, coaches, and other influential figures. As one matures, critical thinking, and life experiences may change some of these values. However, many of the values learned as a child stay in the subconscious and serve as the basis for many decisions as an adult. Many adults tend to live their lives according to their set of values. Decisions are made according to what feels right or whether it is “the right thing to do.” Some may think their values are universal, but it is important to understand the diversity in values and not become outraged or angry when values held sacred are challenged or violated. Companies establish a set of values or ethics to help ensure the company operates properly and is profitable. These values or ethics are guiding principles that help employees make important...
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...into one experience. This strategy attempts to make the competition irrelevant. Porcini’s Porto creates a new segment outside of the three major segments: fast food, single location full-service restaurants and full-service chain restaurants. Porcini’s “new” approach creates a new uncontested market space (Blue Ocean Strategy, W. Chan Kim and Renée Mauborgne). Any alternative means for a person to eat is Porcini’s competition. Porcini’s experience differentiates in an advantageous way from the three major segments. Porcini’s wireless technology creates a quicker eating experience for the customer that is not available at competitors in full-service restaurant chains. It’s also important that this innovative strategy does not decrease the value of the product/service offered. The project team identified fast food to be the primary competition. Porcini’s quick service is complimented by high quality food, providing a competitive advantage over restaurants in the fast food segment. Porcini’s strategic focus on the employee hiring process and job satisfaction creates a team equipped with the talent and attitude to employ the strategic goals of the business. In order to provide high quality service, Pronto must employ people who can carry out the high...
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...Personal Values According to the article written by Dennis Jaffe, & Cynthia Scott, CEO Robert Haas noted his philosophy in an interview in Harvard Business Review: "We've learned...that the soft stuff and the hard stuff are becoming increasingly intertwined. A company's values-what it stands for, what its people believe in-are crucial to its competitive success. Indeed, values drive the business"(1). “Managers' attitudes and behaviors are built upon their personal value systems (PVS), Knowledge about the structure of management's PVS assists in understanding the attributes of corporate decision making”(2). In the past managers use to tell employees what to do and stand over them to make sure they did what they were told. Today managers are in a position in which they have to guide, train, and support, motivate, and couch employees (3). Because of this role managers have, their values play an important part in leading the team to accomplish the values expected from the company and their customers. In this paper the author will identify her values as determined by the Williams Institute Ethics Awareness Inventory self-assessment, how these values align with the values of Kudler Fine Foods, and how this would affect her performance as the manager of this organization. My Values According to Williams Institute Ethics Awareness Inventory self-assessment, this authors Ethical Profile is most closely aligned with obligation and least closely aligned with results. This...
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...Value Alignment BUS/475 Value Alignment Intro – still need Personal and workplace values Xerox Fuji started out as a small and focused company that a vision that would not die. Looking back from when the company began in 1962 it was clear Xerox Fuji knew the future would consist of hard work and continual forward movement. Xerox Fuji started as a joint venture in Japan and envisioned the company expanding globally. Today Xerox Fuji products are global because of the company’s hard work and dedication. Xerox Fuji is always reaching to improve their product lines every day. This forward thinking shows deference in today’s world. To stay in business, companies should have the flexibility and ability to keep up with changes. The values of respect, hard work, dedication and commitment can be applied to an individual and company with a successful outcome. Individual alignment Values drive and motivate behaviors and actions. Each individual has a set of core values, which could be as common as punctuality, self-reliance, dedicated hard worker, loyalty, and harmony, to name a few. For example, one of values is honesty, which motivates me to be straightforward in my personal and professional lives. Through my actions I choose not to cheat, lie, steal, or deceive. It is important my actions and behaviors show that I have a strong and trusting character. In analyzing the alignment between...
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...out of 5 points Correct The purpose of strategic pricing is to _____. Answer Selected Answer: improve profits by capturing more value rather than making more sales Correct Answer: improve profits by capturing more value rather than making more sales Question 2 5 out of 5 points Correct To create value in a product and price it profitably, financial management must choose to _____. Answer Selected Answer: incur costs to make only profitable products given their value to the targeted customer Correct Answer: incur costs to make only profitable products given their value to the targeted customer Question 3 5 out of 5 points Correct Pricing that reflects market conditions is _____. Answer Selected Answer: customer-driven pricing Correct Answer: customer-driven pricing Question 4 5 out of 5 points Correct The key actions for price setting involve _____. Answer Selected Answer: setting appropriate pricing objectives, calculating price-volume trade-offs, and assessing drivers of price sensitivity that are unrelated to value Correct Answer: setting appropriate pricing objectives, calculating price-volume trade-offs, and assessing drivers of price sensitivity that are unrelated to value Question 5 5 out of 5 points Correct _____ allows a company to vary its prices outside the scope of value and cost according to explicit or cultural rules or protocols. Answer Selected Answer: Pricing policy Correct Answer: Pricing...
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...in this paper will briefly describe Starbucks culture, and how the espouse values align with their enact values and the extent of their communication; the role communication plays in perception and culture when misalignment divides espouse value and enact value; and how conflict improves communication within the company. Culture of Starbucks Starbucks culture focuses on the environment and presenting the best quality product to their customers. Starbucks culture foundation was designed by creating the ultimate coffeehouse experience, and hiring a diverse and passionate workforce. Starbucks’ mission statement is as follows: “to inspire and nurture the human spirit – one person, one cup and one neighborhood at a time” (Starbucks, 2014). Starbucks was in Fortune Magazine for being one of the best companies to work for. This company is famously known for providing a work environment that shows respect and dignity to all. Every organization is defined by how their people act and communicate. Starbucks commitment to social awareness has created a strong healthy organizational culture which aligns espouse values and enact values. For example, Starbucks is a leading purchaser and supporter of Fair Trade Certified coffee, which supports human rights issues (Starbucks, 2014). Starbucks started their culture with the right delivery of information; therefore their employees and stakeholders mimics their values, mission and vision. Role of Communication...
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...management in the room that we must adhere to complete transparency and ensure full communication across all the teams. The project was a huge undertaking and due to the timelines everyone involved understood that we would be working under some additional work pressure. This project was initiated by the Office of the CIO (Chief Information Officer) and had visibility at the highest level because it would affect Staples’ associates globally and involved approximately $30 million. I recently joined Staples Corporation. Staples has an unique culture that I have not seen in previous companies that I have worked at. I will attempt to analyze the culture, specifically the artifacts, espoused values and assumptions as defined in “Organization Culture” (Schein, 1990) at Staples Corporation and align the cultural attributes to my personal characteristics. Based on this, I will attempt to show...
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...INTEGRITY How would you define this trait? “To think is easy. To act is hard. But the hardest thing in the world is to act in accordance with your thinking.” -Johann Wolfgang von Goethe What does this quote mean to you? Developing Values Overview: Our values should come from within us (hearts and minds), not from outside influences (friends or peers). This is not as easy as it sounds because it requires us to have the courage to stand up for our convictions and accept consequences for our beliefs. 1. What thoughts and values do you hold that are different from some of your friends? Be as specific as you can. 2. What thoughts and values do you hold that are different from your parents/guardians? Be as specific as you can. 3. Courage is the ability to align your behaviors with your values. How have you been able to do this in your life? Have you ever had to pay a price for your convictions? Value Clarification Directions: You will develop your own values and beliefs on a variety of topics listed below. Choose three of the topics listed below and explain your beliefs and views on them. Be sure to explain why you believe what you do. This is a time to reflect seriously and contemplate your values, looking at all angles of an issue. Affirmative Action Abortion Legalization of drugs Military draft Religion Spanking Children The War on Terror Teenagers Becoming Parents Respecting the Opposite Sex Effects of Today’s Music on our...
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