...Abstract Businesses across the globe are constantly reviewing their potential options through international operations. They must ensure their visions for new ventures are conducive to their long-term goals in addition to the goals and direction of the regions they are interested. Conducting various analyses will allow companies to solidify their position and direction for the future. In addition, the conduction and review of risk analysis involving various critical factors aid any business when determining the feasibility of any new organization venture. Every business must scrutinize every aspect of their prospect operations to ensure they have covered every single component to ensure maximum success going forward. Once companies have gathered the necessary information through their research, they can properly assess the feasibility of their vision and make an appropriate decision. Comprehensive Analysis The fast food industry is continuing to grow and expand throughout the world, and each company is contemplating their role and position within this competitive environment. Chick-fil-A is no exception to this movement and is currently the number one fast food chicken venue in the United States. Despite their regional popularity, they do not have a significant presence in the international market for fast food. As Europe specifically the UK continues to add more fast food chains, Chick-fil-A has set their sights upon this market to expand their global presence. Before they begin...
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...Instructor: Stacee Johnson-Williams Introduction to Business and Technology Case Study #2 Chick-fil-A SWOT June 5th, 2010 According to http://www.chick-fil-a.com/#storyChick-Fil-A was first started by a man named Truett Cathy, when he opened the Dwarf Grill in Hapeville, Georgia by inventing the boneless chicken. (1) Chick-fil-A Inc was created in early 1960s with Chick-fil-A being the first restaurant to be opened inside shopping malls starting in 1967 in Atlanta. (2) Chick-fil-A brings in 2.9 billion annually with more than 1400 stores open in 38 states and Washington D.C. (3) They are family owned and privately held with a mission statement of ”Be America’s Best Quick-Service Restaurant”. (4) Opened in shopping malls first, Chick-fil-A is currently located in 368 malls across the country. (5) In 1986, at customers demand, stand alone Chick-fil-As were opened and as of today there are 800 stores located across country. (6) In Atlanta there are twelve Chick-fil-A Dwarf Houses that offer full service, counter service and drive through service. (7) Included under the Chick-fil-A Inc are Truett Grills, which features a 1950’s style themes serving full Chick-fil-A menus along with selected items from the original store, currently there are three of these full service restaurants. (8) To add to the rest of the stores there are 200 non-traditional outlets located in college campuses, hospitals, airports and industrial locations and ten satellite/lunch counters serving office...
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...Originally named the Dwarf Grill, Chick-fil-A was founded in 1946 by Samuel Truett Cathy in Hapeville, Georgia. The Dwarf Grill restaurant later became the Dwarf House and to this day remains in business located near a former Ford plant in Hapeville Georgia. The first Chick-fil-A restaurant opened in 1967 located in an Atlanta Georgia shopping mall. Samuel Truett Cathy pioneered the establishment of restaurants inside of shopping malls and subsequently all Chick-fil-A restaurants were located inside shopping malls until 1986. Their first freestanding restaurant opened in 1986 and today most of their new restaurants are freestanding. Today there are over 1,614 restaurant locations with sales topping $4 billion dollars in 2011. Chick-fil-A’s mission statement is simple; to "Be America's Best Quick-Service Restaurant". Along with Samuel Truett Cathy, today there are several key corporate leaders involved in the operation of Chick-fil-A. Dan T. Cathy, Samuel Cathy’s first son, is the President and Chief Operating Officer, Donald M. Cathy, Samuel Cathy’s middle son, is the Senior Vice President and Dwarf House President, James McCabe is the Senior Vice President, Finance and Chief Financial Officer, Steve Robinson is the Senior Vice President, Chief Marketing Officer, Perry Ragsdale is the Senior Vice President, Design, and Construction, and Timothy Tassopoulos is the Senior Vice President of Operations. Chick-fil-A’s procedure for selecting potential leaders is known to be very...
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...In July of 2012, Chick-Fil-A COO Dan Cathy made a public statement praising the institution of marriage between man and woman while condemning those between same sex couples. Such a statement received harsh criticisms from several notable political figures such as Chicago City Counsel member Joe Moreno and Boston Mayor Thomas Menino, each of whom hoped to ban Chick-Fil-A from their respective cities. The Jim Henson Company, famous for its creation of “The Muppets”, ended their business relationship with Chick-Fil-A because of their conflicting views on the issue (The Jim Henson Company is pro-gay). Wanting to keep the real reason behind their failed partnership behind closed doors, Chick-Fil-A claimed that they would stop selling toys from the Jim Henson Company because of a choking hazard with the products, although there were never any reported incidents. Many consumers of the company’s food were unaware of where their money was going until just recently as a more disturbing report was uncovered in early August, revealing that the issue went far beyond a first amendment right. Campus Pride, a nonprofit organization aimed to make college environments safer for LGBT students, released a handout titled “5 Simple Facts about Chick-Fil-A”, which exposes the organization’s funding of hate groups that “aggressively work against LGBT people, advocating for their criminalization, psychological abuse or death” as well as its support of groups such as the Eagle Forum, who consider...
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...Two Organizations Term Assignment Two organizations chosen: Chick-fil-A & Target Question 1 (Chapter 1) - How do your organizations appear to be managing in a world characterized under an uncertainty, ambiguity, and sudden change environments? Do you believe your organizations presently have the needed skillsets they are going to need? * Target: Target does a great job of paying attention to what is going on in the world, and staying ahead of other companies. Target always has the latest gadgets, latest trends, etc. They are ready for anything that is thrown at them, and I think they do have the needed skillsets they are going to need. * Chick-fil-A: Through uncertainty, ambiguity, and sudden change environments, Chick-fil-A seems to remain constant. They have their great service, delicious food, and kind employees who are willing to go above and beyond for the customer. They have been successful since their beginning, therefore I do believe that they have the needed skillets they are going to need. Question 2 (Chapter 2) - Do you believe your organizations’ managers are able to handle the rate of environmental changes (particularly the financial impacts on their customers, suppliers, employees, etc.) occurring nationally and internationally? * Target: I do believe that Target’s managers are able to handle environmental changes. Target’s famous slogan, “Expect More. Pay Less,” is very well communicated. The managers believe this slogan enough to live...
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...Assignment 1: The Business Environment By: Deont’e Monroe Course: Bus100 (Intro to Business) Instructor: Terese Cole The word business according to Wikipedia.com* is defined as “A business (also known as enterprise or firm) is an organization involved in the trade of goods, services, or both to consumers.”* The word economy according to Wikipedia.com* is defined as “An economy consists of the economic system of a country or other area; the labor, capital, and land resources; and the manufacturing, production, trade distribution, and consumption of goods and services of that area”.* In the simplest form of explanation business is the economy, there can’t be one without the other. From all of the big market corporations such as Wal-Mart, Apple, McDonalds, etc., down to the small businesses started by entrepreneurs. Businesses are labeled into two categories; for-profit and non-profit businesses. For-profit business is defined as “a business or other whose primary goal is making a profit.” Any place where you go and receive a good or service and you must pay in return is a for-profit business. A non-profit business or organization is defined as “An organization which focuses a goal such as helping the community and is concerned with money only as much as necessary to keep the organization operating.” Homeless shelters, soup kitchens, medical institutes, foundations for children, even charities in themselves are non-profit organizations created for the good of giving back to...
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...CASE 7 CHICK-FIL-A: BIRD OF A DIFFERENT FEATHER STRATEGY MANAGEMENT COMPETIVENESS AND GLOBALIZATION, CONCEPT AND CASES BY 02/23/2016 Executive Summary. This case analysis evaluates Chick-fil-A. It is designed to show the Strength, weakness, opportunities and threat. It delineates how the founding principles have guided the company over the years, and how it has responded slowly to change over the years. CFA has grown to be a force to reckon with in the industry with strength in customer experience and sandwich trademark. However, the emerging markets, social changes, economic issues and intense rivalry will continue to pose threat to this strong cultured company. At the end of the case analysis, we would have been able to devise possible solutions for the present and future times. Background. The story of Chick-fil-A will be incomplete without the man who turned a dwarf house into a giant brand. Samuel Truett Cathy was born in 1921 into a religious family and in fact was named to honor a Baptist evangelist. These factors would plan a significant role in Cathy’s life. At an early stage, Cathy developed entrepreneurial skills; he delivered papers and sold Coca cola and helped with the meals. And at the age of 25, he and his brother opened their first restaurant- Dwarf House. Cathy soon realized he could prepare chicken faster and insert between two buns. He went ahead to trademark the name Chick-fil-A borrowed from the then steak fillets. Cathy explored expansion...
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...Executive Summary of “Transformative Leadership: Achieving Unparalleled Excellence” For , MGT 3110 February 6, 2015 Abstract This paper summarizes the article written by Cam Caldwell, Rolf D. Dixon, Larry A. Floyd, Joe Chaudoin, Johnathan Post, and Gaynor Cheokas regarding the need for a new type of leadership in today’s social work environment, defined as Transformative leadership. The article itself varies in the definition, however in a broad sense Transformative leadership is maintaining good moral standing and sound business ethics among employees and individuals inside and outside the workplace. However, in order to reach this theoretical level of business related moral and ethical leadership known as Transformative leadership, one must be able to interpret and utilize the six other forms of leadership. The six forms of leadership discussed in this article are Charismatic, Level 5, Principle-centered, Servant, Covenantal, and Transformational leadership. There will be a total of ten propositions (P) that correspond to a given model of leadership and will be referred to as (P1, P2. etc.). When these six models of leadership are combined and used in conjunction, it is known as transformative leadership which makes up the content of this article. Keywords: Ethics, Transformative leadership, Covenantal leadership, Moral standing, Proposition, Level 5 leadership, Servant leadership, Principle-centered leadership, Transformational leadership, Charismatic...
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...Personal Worldview & Business Ethics Paper Liberty University BMAL 560 January 25, 2015 STEP 1 To what extent should personal religious beliefs impact our decisions about business ethics? Personal religious beliefs should impact all decisions about business ethics. If your beliefs are truly mandated in your life, then you have no choice but to be fair and honest about your business decisions. Business decisions can sometimes be difficult and harsh, but that is no reason to comprise the integrity of what you believe in. In 2012, Summers & Summers concluded that from the “Christian worldview”, God is the source and creator of all things. This means that God has provided all the resources we need in order for those needs to be satisfied. Our task is to use these resources properly. (pp. 30). Psalms 24:1 tells us “The earth is the Lord’s and everything in it, the world, and all who live in it; for he founded it upon the seas and established it upon the waters” (NIV). To what extent do your personal religious (or non-religious) beliefs about life impact your sense of business ethics and personal decision-making? The extent of my owm personal religious beliefs about life impacted my sense of business ethics and personal decicion-making. As a new Revenue Agent for the Internal Revenue Service, my on-the-job trainer told me to always assume the taxpayer was a liar. I was not able to do that. I always let the records speak for themselves and I counted on my good...
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...Table of Content Abstract 3 Introduction 3 What is the purpose of the article detailed by the author? 3 The conceptual framework of the article 4 How well the authors achieve their purpose? 5 What are the author’s interpretations? 6 Does the author exhibit bias or slant in their treatment of the subject? 7 Does the author agree or disagree with information from the leadership course? 7 Is the information in the article consistent or inconsistent with what you know from your own experience? 8 Conclusion 8 References 10 Abstract Servant leadership is a type of leadership quality that focuses on the philosophy to serve first. It addresses certain concerns like customer experience, employee engagement and ethical values that brings in a culture where the leader and follower both reach a goal without using authoritative power (Baghurts & Carter, 2013). The article discusses a focus group on eleven employees from a servant leadership restaurant and how it uses different methods to examine positive results influence by customer experience, engagements and loyalty to the workplace. Introduction Servant leadership is a management way of life; it tackles the concerns of customer experience, employee engagement and ethics, thus creating an only one of its kind organizational society, where both followers and leaders come together to...
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...Legal Forms Business Paper Brandi Austin LAW/531 April 16, 2012 Aaron Kemp Legal Forms Business Paper Deciding the form of business organization is one of the most important phases in developing a company. One must understand the pros, cons, requirements and qualifications needed before determining which form is best for the business. The next few paragraphs will discuss various forms of businesses and provide scenarios to clarify the appropriate use of these forms. Sole Proprietorship A sole proprietorship is the simplest form of business organization (Cheesman, 2010). Easiest put, the owner of the business is the business. There are several major advantages to operating a business as a sole proprietorship. On the positive side, forming a sole proprietorship is very affordable and can easily be transferred or sold without the approval of additional partners. On the negative side all liability falls on the sole proprietor. My current company is listed as a sole proprietorship. In 2008, I wanted to secure my company name and be established in some way as a real business entity. My funds were low at the time, so the fastest and most frugal method for me to establish was a sole proprietorship. Because business was still in the infant stages, the threat of personal liability was not a concern. Partnership A general partnership, or partnership, is a voluntary association of two or more persons for carrying on a business as co-owners for profit. General partners...
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...Caktiong who was born and raised in Fujian, one of China’s poorest provinces. His family migrated to the Philippines to look for better opportunities and began cooking in a Chinese temple. Because he spent so much time on the kitchen with his parents, he developed incredibly sensitive taste buds and learned his entrepreneurial mindset. In 1975, when Tony was only 22, he used his family’s life savings to open two Ice Cream Parlors in Cubao, Quezon City. The stores were very popular due to their fantastic customer service and generous scoops of delicious ice cream. Tony wanted to expand his business and hired a management consultant Manuel Lumba who discovered people craved hot food, like hamburgers. Despite the huge challenge of international companies such as McDonald’s, Tony transformed his ice cream shops into a burger chain. By 1978, Jollibee was born. Within its first year, Jollibee had sales of 2 million dollars. They became a 100% Filipino owned company and opened 7 more restaurants. The company started out with the Yumburger as their flagship product, but quickly added the Spaghetti Special in 1979. One year later they launched another Filipino hit, the Chicken Joy and French fries. Within only 2 years of Jollibee’s existence they began opening franchises throughout the Philippines, expanding their reach and popularity. By the end of the 1980’s Jollibee had added many options to their menu, had began to expand their stores globally, and had sales of 1...
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...competition. Pizza Hut has received significant competition from Domino's Pizza (DPZ) and Papa John's over the last few years and they have been keeping Pizza Hut's sale growth down. Even with the softness in Yum's business, the operating cash flows remain strong totaling about $1.6 billion for the first half of the year. Overseas, Yum has a very strong position and plans to expand its already very successful International division into continental Europe, Russia, and India. The "Live Mas" advertising campaign has been a success. The US division of Taco Bell has been the only bright spot, with comp store growth of 2% in the latest quarter. With expansion into china, Yum should increase in stock value over a longer period of time. Investing into Yum would be a smart and well paying investment. Since I've bought my shares in Yum I noticed an increase in stock prices. If Yum continues to grow we will see them become the highest paying food stock compared to McDonald's (MCD). But its competition also has expanded into china, many tough rivals, such as Domino's (DPZ), Chipotle (CMG), Chick-fil-A and McDonald's...
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...Servant-Leadership Theory from a Socially Constructed World View and a Biblical World View Mark J. Dixon Jr. Liberty University Abstract Servant-Leadership Theory has been a progressive theory in which much study has been done. Robert Greenleaf began using the term servant leadership to encourage leaders to first want to serve. There are two different world views discussed in this research paper that will shed light into what it takes to be a servant leader and how it can be successful if there is a full understanding of the theory present. There is the secular and the biblical world view in which differences in the two are identified. Servant-Leadership is meant to be more than just a way to see positive outcomes in a business, but it also transfers into effecting people’s lives. An attempt to enhance understanding and the question trying to be answered here is what separates the secular view of Servant-Leadership Theory from the Biblical worldview. This paper examines the characteristics and goals of servant-leadership though both worldviews to give a better understanding of servant-leadership theory. Keywords: servant-leadership, characteristics, biblical, secular Servant-Leadership Theory from a Socially Constructed World View and a Biblical World View There has been much attention given to leadership theories since the introduction of Servant-Leadership Theory by Robert Greenleaf in 1970. Greenleaf’s intent for servant-leadership is to help not only the leader...
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...Ratio and Financial Statements Analysis Kimberly Y. Gruber University of Maryland University College Dr. Sunando Sengupta 07/25/2013 Turnitin Score: 23% Executive Summary The purpose of this paper is to examine ratio and financial statement analysis. Such analysis is a useful tool for managers and stakeholders to evaluate a company’s financial health in order to identify opportunities for growth and areas of weakness so as to institute corrective measures. Financial statements are used in order to predict trends of cash flow within the business as well as predict the potential of a business and if they are capable of financial growth. Ratio analysis examines the probability of a company’s profit or a company’s loss. This paper will examine the benefits and limitations of ratio analysis, explain what factors impact the meaningfulness of such measures and what new practices or theories may be emerging regarding the application of ratio and financial statement. The paper concludes that ratio and financial statements is an essential tool used in analyzing a company’s profit. Introduction to Ratio and Financial Statement Analysis Though there are various methods for monitoring the liquidity of businesses the most common has been the use of financial ratios. Ratio analysis is an established technique—involving the relationship between two or more variables--that is used to conduct qualitative analysis of information contained in a company’s financial statement to...
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