Explain the steps that John can take to become more socially responsible?
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CASE STUDY: John, a successful entrepreneur, runs a clothing store in a small town. The store is known for its affordable and trendy clothing that appeals to the youth. John has always been passionate about fashion and is determined to make his store a huge success. He has worked hard over the years and has built a loyal customer base. However, lately, John has been facing a lot of criticism from the community for not being socially responsible. The townspeople believe that John is not doing enough to give back to the community and is only focused on making profits.
Explain the steps that John can take to become more socially responsible?
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- In this case study, we explore the meticulous planning and execution of a charity fundraising gala to support a local nonprofit organization. The gala aimed to raise funds for underprivileged children's education and healthcare. The organizing team faced the task of coordinating a luxurious evening event, complete with entertainment, fine dining, and silent auctions, all while staying within a limited budget. They also had to secure sponsorships, promote the event effectively, and ensure that all proceeds went directly to the cause. The study examines how the team managed to achieve their goals by leveraging volunteer support, creative cost-saving measures, and building partnerships with local businesses. Question: How did the organizing team balance the desire for an upscale gala with the need to maximize funds for the charity, and what strategies can be adapted for similar fundraising events with limited resources?As a result of completing this case, what is something that be learned from this case? The case study focuses on Mr. Hans Overmayer, the marketing vice president of Motofabrikverk S.A.'s Industrial Controls Division in Zurich, Switzerland, in 1983. The company was losing money in the numerical control market as a result of a drop in global demand for machine tools induced by the recession and fierce competition. Background information on the company, its products, research and manufacturing, and the numerical control industry is provided in the case study. Based on the information provided, Moto appears to be a company that specialises in the production and selling of numerical controls (NCs), which are computerised devices that steer machine tools. The company entered the NC sector in 1962 and by 1983 was the third-largest commercial provider of NCs in Europe. However, Moto's Industrial Controls Division (ICD), which is in charge of the NC business, reported a 5% loss in sales in…Based on the framework of the Committee of Sponsoring Organizations of the Treadway Commission or COSO, evaluate one of the situations that appear in the document below: Case 1: Control Environment and Control Activities: The Importance of Hiring Trustworthy Employees Joe and Mary Gray started their multimillion-dollar home electronics and car audio store chain in Texas in the late 1970s. By mid-1983, their company had grown to 10 stores in 3 states with 500 employees and gross sales of $30 million. The decline of the oil industry in the mid 1980s led to the company losing almost half of their employees. Additionally, as people moved to more economically viable states, employee turnover continued to increase. During this time, the Grays needed to fill a recently vacated Controller position in their main office. The position was crucial and required a person who was highly motivated and knowledgeable of operations. After interviewing several candidates, they decided to give Jeff Smith…
- Taimur has spent the last twenty years working his way up the corporate ladder. He started working for the local sporting goods supplier right out of college and is currently the Director of Marketing. He has been hearing that the company is not doing very well and layoffs could occur. This is causing him stress and worry during his daily work. He has tried to stay focused, but his emotional mood is not getting any better. Over the past weekend, he ran into a co-worker who was also laid off over six months ago. He painted a horrific image of the job market, which further panicked Taimur. He tried to get reassurance (guarantee) from his boss about his job security, but she just seemed to give him the runaround. Taimur's quality of work is slipping, and he is preoccupied with his job security. He spends most of his time worrying and has been sick from stress multiple times in the past month. Question: Do you think in the above scenario Taimur is experiencing cognitive dissonance? Why or…ConStruct is a successful family business in the building industry, founded and led by the matriarch Sue Bolt for over 30 years. Sue is now considering retiring and is looking to pass the leadership of the business to her son Mat. Mat has been involved in the business for the past few years, working alongside his mother during breaks in his university studies in Arts Management. The staff have doubts about his capabilities. Critically discuss whether the staff concerns are justified by identifying and describing at least three traits associated with leadership.Read the case study below. A large medical instruments company just hired Scott Daniels, a senior consultant from a large consulting firm, to lead a project to resolve the quality problems with the company's new Executive Information System (EIS). A team of internal programmers and analysts worked with several company executives to develop this new system. Many executives were hooked on the new, user-friendly EIS. They loved the way the system allowed them to track sales of various medical instruments quickly and easily by product, country, hospital, and sales representative. After successfully testing the new EIS with several executives, the company decided to make the system available to all levels of management. Unfortunately, several quality problems developed with the new EIS after a few months of operation. People complained that they could not get into the web-based system. The system started going down a couple of times a month, and the response time was reportedly getting…
- A recent report on executive awareness of and involvement in corporate pandemic preparedness by Michael Evangelides, principal at Deloitte Consulting LLP, most top executives and boards of directors are not engaged in the influenza pandemic planning process and won't give it equal billing to other potential disruptions until at least one of the following occurs: • Media attention to pandemic influenza increases. • Legislation or regulation emerges, requiring a high level of preparedness. • Shareholders and investors demand a high level of preparedness. • The financial impact of a pandemic on the corporation becomes evident. Obviously, planners can do little to nudge along the first three prerequisites. But, fortunately, the fourth is in their sphere of influence. And it is worth pursuing, says Penny Turnbull, senior director of crisis management and business continuity planning at Washington, DC–based Marriott International, Inc. "It certainly helps focus the minds of our senior…A recent report on executive awareness of and involvement in corporate pandemic preparedness by Michael Evangelides, principal at Deloitte Consulting LLP, most top executives and boards of directors are not engaged in the influenza pandemic planning process and won't give it equal billing to other potential disruptions until at least one of the following occurs: • Media attention to pandemic influenza increases. • Legislation or regulation emerges, requiring a high level of preparedness. • Shareholders and investors demand a high level of preparedness. • The financial impact of a pandemic on the corporation becomes evident. Obviously, planners can do little to nudge along the first three prerequisites. But, fortunately, the fourth is in their sphere of influence. And it is worth pursuing, says Penny Turnbull, senior director of crisis management and business continuity planning at Washington, DC–based Marriott International, Inc. "It certainly helps focus the minds of our senior…Case Study: Read the following case study and answer ALL the questions below. Please number your answers accordingly. You have recently completed your Master’s degree in Industrial Psychology and have commenced your internship in hopes of becoming an Industrial Psychologist within the next year. Part of your training requires you to complete a component on Career Counselling and one of your assigned clients is 17-year-old Calihan. Calihan is not only an exceptional academic student (with his average being 90%), but he also performs exceptionally well in swimming. In fact, he is working towards participating in the 2024 Olympic games which will be held in London. Calihan is quite focussed on his swimming but he knows he will not be able to have a swimming career for the rest of his life. He has heard of the term “work as a central life interest” but is not too certain on what it means. He was thinking he might pursue a career in Sports Psychology as it links to his interest in the…
- find three companies that are currently using a Balanced Scorecard by completing an internet and library database search. Your task is to identify and discuss the perspectives and key performance measures of each organization’s balanced scorecard. Discuss in as much detail as possible the specifics of the balanced scorecard that is being used by these companies. You also need to analyze the significant strengths and weaknesses of each organization’s balanced scorecard. Many companies are using the Balanced Scorecard to assist in their performance management. In a Balanced Scorecard, the company's strategy is translated into a system of performance measures that are used to monitor the company's performance in meeting its strategic objectives. Be sure to clearly document the perspectives and performance measures being used by each of the three companies. This report should include your analysis of the strengths and weaknesses of each company's balanced scorecard.Part B: Case Analysis International Cow Packers (ICP) is a $12 billion meat processor (slaughter, processing, and packing). Founded in 1943, ICP has grown to become the largest beef and lamb processor in the United States (revenues come 90% from beef and 10% from lamb) and also has a growing export market to Japan. The company follows a focused cost-leadership strategy, delivering USDA-graded meats primarily to the institutional (schools, prisons, hospitals) and supermarket channels. ICP’s entire value chain is organized to deliver volume product at the industry’s lowest per-unit cost. Its supplier industries, primarily cattle feedlots, have relatively little power since prices for these raw materials are determined in the commodity markets. While entry barriers to the industry are high due to high minimum start-up costs, industry rivalry is extremely intense - primarily due to the fact that three large companies (including ICP) control 80% of the market for processed…In Chapter 1 of the text, goal setting is discussed. Select a business-related or professional goal (e.g. lose weight, complete a course of study, find a new job, etc.) you want to achieve in the next 12 months. Address each part of the SMART technique -- Specific, Measurable, Achievable, Realistic, and Time-bound– providing relevant details about the goal for each component of the goal-setting process.