Skip to main content

Posts

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...

How to evade a ban?

1. Corporations should not migrate to other countries to buy land in order to evade the ban. In general terms, this behavior and example of DDT use in Mexico  is causing damage to     the   Ecosystem that is defined as "composed of living and nonliving elements, it's a web of balanced interactions allowing the continuation of each element (Business Ethics,2012,p.707) . Corporations thinking in profits framed in the concept:   the end justifies the means ,  justifies the lack of social responsibility. 2. Corporation should protect the ecosystem showing its Corporate Social Responsibility towards all kind of workers, Americans, Mexicans etc. The potential danger of the pesticide should be communicated to all the stakeholders and community in general. Corporations should have the sustainability model (Business Ethics,2012,p.731) protecting both persons, animals and environment. 3. In all sense, corporations that manufacture DDT ...

Ethics and Environmental Concerns

  “Environmental ethics is a branch of ethics that studies the relation of human beings and the environment and how ethics play a role in this. Environmental ethics believe that humans are a part of society as well as other living creatures, which includes plants and animals. These items are a very important part of the world and are considered to be a functional part of human life. Thus, it is essential that every human being respect and honor this and use morals and ethics when dealing with these creatures.”  (Rinkesh, 2018, para. 1). To answer the first question, we will say DDT have been banned in the United States because, after studies, they are harmful to human health and the environment. From what is said above, buying land in Mexico, importing US DDT, growing larger crops, and exporting elsewhere just as in the United States should be discouraged. Today, several harvests made with pesticides are being exported to poor and developing countries, putting the fu...

Should a corporation buy land in Mexico, import DDT from the USA, grow larger crops, and export them to the USA?

Introduction In this discussion post, I consider how businesses ought to act in the absence of explicitly documented regulations. The issues addressed here include corporate social responsibility as well as moral accountability. Along certain ethical theories, it makes sense to approve for the corporation to buy land in Mexico, import DDT from the US, grow larger crops, and then export it to the US. A utilitarian approach – an ethical theory that affirms that right acts are those that maximize utility or happiness ( Bentham, 1996 ) – closely aligns with this. Approaching it from a cost-benefit angle will mean that it reduces the cost of production for the corporation; it provides jobs for the local residence in Mexico and reduces the cost of sales back in the US (Strain, 2018). However, calculating what may be considered ultimate utility or the actual cost-benefit is quite difficult especially since the aim is to see if it outweighs the negative consequences of environmental po...

How emotional intelligence; mindfulness and mindlessness techniques impact self-efficacy.

According to the research of   Cultural Intelligence for Leaders , the definitions of the terms would be elucidated as follows: Self-efficacy : represents one’s belief in one’s abilities to meet a goal set by himself/herself (2012). The perspective is precisely summarized in the sentence that “I think I can and I will” Emotional intelligence   refers one’s ability to deal with one’s emotions to “stay calm and clear-headed during the period of stress” or obstacles (2012). This is the important way to deal with the unfamiliar cultural situations since emotional intelligence plays an important role in knowing one’s emotions, managing them, adapting or adjusting them in addition to recognizing the emotions of others to ensure the proper developing the relationship ( Cultural Intelligence for Leaders,   2012). Throughout the definitions perceptively, it is obvious that self-efficacy is considered as the consequence of emotional intelligence which the high or low level ...

Traits and Skills

It is false to argue that leadership is the subject of an inborn trait. Once a leader is born, there are many changes that occur in the surrounding which shape him/her into becoming a good leader. And therefore, according to my own evaluation, my argument will be centered upon the behavioral theories. This theory focuses on the behavior of a person to play a major role in leadership rather than the genetic traits. It depicts what one does in the surrounding rather than the top qualities an individual possess (Lussier, R. N., & Achua, C. F. 2015).  In the earliest school of thought, the main leadership style identified was autocratic, where most leaders have leadership styles which are very specific and must be practiced or learned over a given period of time. In the autocratic type of leadership style, one gives strict orders and in return, expect the orders to be obeyed. There are no questions to be asked by the followers but instead, follow the orders. A typical example can...

situational leadership style

  In the situational leadership style ,a leader arrange leadership style according to advancement of their associates (Anthony, 2019). A leader should change the style to change the situation not subordinates. The leadership style can change frequently to unite the demands of associates in the company. The situational leadership theory is designed by Paul Hersel and Ken Blanchard while working on the Management of Organizational Behavior. According to this theory, there is not one distinct style of leadership. (Vroom & Jago, 2007).  The effective leaders are who use the leadership style to incerase the performance willingness of groups that they are endeavouring to inspire. The successful leaders differ in term of duties, responsibilities that they need to achieve nıt just in terms of groups that they inspired. The Situational Leadership Model is a structure for leaders to be appropriate for their behaviors with the performance requirements of the individuals that they a...

Leadership Styles

Leadership styles are a way of providing direction, plan implementation, and employee motivation. The leadership styles for the five fundamental changes in any institution are planning, launching, enabling, maintaining, catalyzing (Son, 2017).  A current example where the stages of change have proved effective is the Amazon’s company. Despite being governed by the same man- Jeff Bezos (Son, 2017); it has seen slew of changes that have improved its performance to one of the most successful companies. Jeff Bezos's leadership has been nothing short of amazing in the growth and success of Amazon. Amazon shows that a great leader can really set a standard for a company and lead them to success. The following paper will identify the stages of change. These stages are: Planning Planning involves identifying the best way of introducing change. In this stage, there is an excellent emphasis on creativity, information gathering, and identifying obstacles, highlighting alternatives, an...