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Comparison between two retail companies picked are Walmart and Costco

The two retail companies picked are Walmart and Costco whose 2017 Financial statement links are provided below: WALMART https://www.nasdaq.com/symbol/ wmt/financials?query=income- statement COSTCO https://www.nasdaq.com/symbol/ cost/financials?query=income- statement Both organizations are well known brands and position themselves well with their customer base. Walmart’s value proposition is “We save people money so they can live better”. On the other hand, Costco’s value proposition is “All-in-one convenience and everyday affordability”. Both retailers focus on cost saving for their customers. Looking at their financial statements and by analyzing them a few key areas are evident when comparing the two organization. Looking at the current ratio and quick ratio we can determine the short-term solvency of each organization. The current ratio can be determined by dividing the assets by the liabilities. Walmart’s current ratio sits at 0.86 while Costco’s sits at 0.99. The quick ratio is c...
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Strong “Positive” Work Ethics

Strong work ethics is the Bible of any organization to achieve its goals, where every employee from the CEO to the Entry-level workers must follow it to keep the company functioning at its peak.

I am going to talk in this example about one of the leading IT empires in the world (Apple.inc)

Basic Info: Apple.Inc, Multinational Company, Based and operating in the United States, founded on April 1, 1976.

Stakeholders: Tim Cook, Arthur Levinson, Craig Federighi, Albert Gore, Jr, Bruce Sewell

As I mentioned above that the everyone from the CEO to every other employee must follow the work ethics to help the organization achieves its goals, Let me start with the CEO Tim Cook when he refused to not receive roughly $75 million in dividends from over 1 million shares of stock back in 2012.

“At Mr. Cook’s request, none of his restricted stock units will participate in dividend equivalents. Assuming a quarterly dividend of $2.65 per share over the vesting periods of his 1.125 million outstanding restricted stock units, Mr. Cook will forego approximately $75 million in dividend equivalent value.”

It doubts there are many CEOs out there that would turn down the offer of $75 million in cash, but Apple’s CEO showed a great ethical example to every employee in Apple.

Another example of a positive ethic when Tim Cook's visit to workplaces at Foxconn factories in China that make I-pads and I-phones and he met with Vice premier Li Kaqiang to strengthen relations with them in a law following manner to also increase honesty in relations. He also responded to emails and complaints to make an ethical I-phone change workplace conditions by stating that "Apple cares about every worker in their worldwide supply chain", also Apple done audits of these companies and given pay raises to the workers there, and affirmed on Workers must be treated with the utmost dignity and respect.

Apple has tried to ensure that its employees and those with which they work display appropriate conduct in all situations. It bases its success on “creating innovative, high-quality products and services and on demonstrating integrity in every business interaction.” According to Apple, four main principles contribute to integrity: honesty, respect, confidentiality, and compliance.

Apple makes each of its suppliers sign its “Supplier Code of Conduct” and performs factory audits to ensure compliance. Apple may refuse to do additional business with suppliers who refuse to comply with Apple’s standards. To emphasize its commitment toward responsible supplier conduct, Apple releases an annual Apple Supplier Responsibility Report that explains its supplier expectations as well as its audit conclusions and corrective actions the company will take against factories where violations have occurred.

In conclusion, Nowadays Apple is not only an IT Company that creates hardware and software, Apple cares more about connecting people by providing Ideas and unusual solutions to enhance our daily life, where every employee follow the company positive ethics and respect it, and when the higher management of CEO TIM Cook shows a great example of leadership and strong ethics that passivity effects Apple, Stakeholders and the community.

Individual Resources:

Apple INC. (Jan 01, 2017). Apple Supplier Code of Conduct. Retrieved from 

https://images.apple.com/supplier-responsibility/pdf/Apple-Supplier-Code-of-Conduct-January.pdf

lawaspect.com. (N.D.). Apple Ethics. Retrieved from 

https://lawaspect.com/ethics-of-apple/

Nina, GOLGOWSKI. (May 25, 2012). Apple CEO Tim Cook turns DOWN $75 million in dividend income. Retrieved from 

http://www.dailymail.co.uk/news/article-2150009/Tim-Cook-rejects-75m-payout-Apple-CEO-turns-DOWN-dividends-1m-shares.html


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