...business activities. These stakeholders include trade unions, employees, local communities, customers and many more. We will also be investigate economical, environmental, political, social, legal factors on these businesses and explain how they affect the business and its activities. JCB What is JCB? JCB is one of the world’s biggest and leading manufacturers of construction material. They are world renowned, have a very iconic brand and sell to almost all of the countries around the world. JCB employ over 10,000 people on 4 continents and sell their products in 150 countries through 2,000 dealer depot locations. JCB is a Private Limited Company (LTD), whereby the responsibility has been passed down through the family from original owner Joe. C. Bamford to his sons Lord Anthony and Mark Bamford. Being a Private Limited Company (LTD) allows them to have better protection over their brand and they have the ability to sell shares privately or invite in a partner to assist in business decisions if they choose to. JCB’s operation lies within the secondary business sector, in turning raw materials into a finished product ready for sale. They rely on the primary business sector to provide them with the materials in which they can make their products with. JCB’s overall aim is to make a profit from selling products like most other businesses. JCB’s mission statement explains that they “aim to provide innovative, strong and high-performance products and solutions to meet our global customers'...
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...Strategic Plan STR/581 Strategic Plan James Cash Penney started JCPenney, now known as JCP, 110 years ago. Penney aspired to be a lawyer for his family was not really well-off. His father was a Baptist minister and a farmer. He never had an opportunity to start in law school due to educational expenses that his family cannot afford. He worked in a local dry goods store where he became an assistant manager in Golden Rule Store. He had the chance to acquire one-third of the venture. In five years time, that was 1907, Penney acquired that of his partners (Soylent Communications, 2012). He had a vision to establish an entity that treats people the way he wants to be treated and this is what people commonly hear as “fair and square”. His very first retail business was named Golden Rule as based on his philosophy in life coming from the words of Confucius: “treat others as you want to be treated”. JCPenney was successful in his business for long years. His venture has the capacity to be an industry leader in innovation, pricing, and marketing strategy. Way before internet was invented, JCPenney offered catalogs to showcase their products. And now, they have jcp.com and their facebook page in which they do their promotions, marketing and sales (Toy, 2012). JCPenney had difficult times in keeping a close competition with Macy’s and Dillard’s Department Store especially when there were costs hikes when sales were down. The company adopted measures to deal with its problem. There...
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...History of J.C. Penney Company, Inc. J.C. Penny is the second largest of all the United States department stores. The nearly thousand stores are dispersed around the United States and even in Puerto Rico and Mexico. J.C. Penny has been around for over 100 years. According to International Directory of Company Histories, “James Cash Penney started his first retail store in 1902 in Kemmerer, Wyoming, a small mining town.” (Grant, 1997) The store has since transformed to more of fashion-oriented retail store instead of a wide variety of goods. Since their refocus of the company, JCPenny’s has been able to compete in the very harsh market with a lot of competitors such as Sears, Walmart and Kmart. The internet shopping options provided by JCPenny has been showing great growth for the company. In fact the company is so well known because of its ability to adapt to the new forms of sales such as online. JCPenny SWOT Analysis Strengths: * JCPenny has a long history in the business * Brand Recognition * Locations nationwide that are in nearly every mall * Exclusive popular brand names that are not available other places Weaknesses: * Decline in comparable store sales * Decrease in popularity due to competitors * Changing business strategies a little too often * Lack of coupons Opportunities: * Growing internet sales * Exploring specific markets such as maternity and/or big & tall * Attracting new customers through new business...
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...Field Experience Project LaCosher Kately PYSC 336 On Wednesday July 11th, 2012 5:45-8:00 p.m. Mrs. Renee and I met at Mt. Trashmore for our 2 lap walk prior to attending Bible study. Before we arrived at the park I met with as she had asked so that I may program her new smartphone. I programmed her phone and then we went on to walk. After completed our walk at around 7:00 p.m. we went on to Bible study. On Saturday, July 14th, 2012 10:00 a.m.-11:45 a.m. We met for breakfast at Denny’s. Mrs. Renee insisted on Denny’s because they gave a great senior discount! We ate breakfast as we talked about different things she has seen and encountered during her life. She explained that marriage was hard but by God grace she was blessed to have been married for many years. After breakfast we went to the Spa. On Wednesday July 25th, 2012 6:00-8:00 p.m We met for our normal walk at Mt. Trashmore before Bible study. After Bible study we went down the street to grab a bite to eat along with some other church members. I enjoyed listening to Mrs. Renee’s interpretation of the message. On Saturday, July 28th, 2012 9:00-12:00 p.m. We met at Mrs. Renee’s favorite breakfast restaurant Denny’s for breakfast prior to going to Macy’s and JC Penny’s for a little retail therapy. Mrs. Renee was looking for a new dress to wear to our Pastor’s upcoming Anniversary celebration. And I was up to challenge of helping her find the perfect dress. This surely was no easy task. She was determined...
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...Diversity in Workplace: A study on Multinational Clothing Retail Brands Diversity in Workplace: A study on Multinational Clothing Retail Brands Course: BUS 520 Management & Organizational Behavior Section: 3 Prepared For: Dr. Muhammad Shariat Ullah North South University Prepared by: Sarah Binte Mohiuddin ID # 1512983660 Md. Farhan Khan ID # 1512984660 Tasnim Siddiqa ID # 1430824060 Md. Salauddin ID # 1513300660 Date of Submission: 03rd August, 2015 LETTER OF TRANSMITTAL 03rd August, 2015 To Dr. Muhammad Shariat Ullah Associate Professor, Department of Management, University of Dhaka Subject: Submission of Project Report. Dear Sir, It is our great honor to submit our project report on “Diversity in Workplace: A study on Multinational Clothing Retail Brands.” In this endeavor, this report seeks to identify and analyze the diversity and its effects among employees in two clothing brands. The report contains statistical analysis and some findings and recommendations. It would be our enormous pleasure if you find this report useful and informative to have an apparent perspective on the issue. Thank you, 1. Sarah Binte Mohiuddin 2. Md. Farhan Khan 3. Nazifa Tasnim Siddiqa 4. Md. Salauddin ACKNOWLEDGEMENT ...
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...which stand out as being optimal candidates for selling out to CB&M. I collected each company’s financial statements and analyzed five years’ worth of data provided via the company’s annual reports specifically pertaining to the balance sheet and the income statements. Interpreting a few specific financial ratios, I will provide an in-depth analysis in determining which of the two companies is healthier financially. Introduction Financial ratios are classified according to the information they provide. Some of the frequent used ratios are: liquidity ratios, P/E ratio and profitability ratios. I will provide an in-depth analysis in determining which of the two companies is healthier financially. Liquidity Ratios Target J. C. Penny J. C. Penny is a chain of mid-range department stores based out of Plano, Texas. It was started by James Cash Penney under the initial partnership with Thomas Callahan and Guy Johnson, who owned dry goods stores called Golden Rule (J.C. Penny). Penney took ownership of the store around 1907 when Callahan and Johnson dissolved their partnership. “It currently operates “approximately 1,100 stores and at jcpenney.com, customers will discover a broad assortment of national, private and exclusive brands to fit all shapes, sizes, colors and wallets” (JCPenny.com). Financial Ratios After taking a look at some of the recent financial statements I saw that there was a substantial difference between the two companies. Book Value Per Share ...
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...NAME: Madam C.J. Walker (birth name Sarah Breedlove) DATE OF BIRTH: December 23, 1867 PLACE OF BIRTH: Delta, Louisiana DATE OF DEATH: May 25, 1919 PLACE OF DEATH: Irvington-on-Hudson, New York FAMILY BACKGROUND: Sarah Breedlove, who later became known as Madam C. J. Walker, was born into a former-slave family to parents Owen and Minerva Breedlove. She had one older sister, Louvenia and brothers Alexander, James, Solomon and Owen, Jr. Her parents had been slaves on Robert W. Burney's Madison Parish farm which was a battle-staging area during the Civil War for General Ulysses S. Grant and his Union troops. She became an orphan at age 7 when her parents died. To escape a yellow fever epidemic and failing cotton crops, the ten year old Sarah and her sister moved across the river to Vicksburg in 1878 to obtain work. At the age of fourteen, Sarah married Moses McWilliams to escape her sister's abusive husband. They had a daughter, Lelia (later known as A'Lelia Walker, a central figure in the Harlem Renaissance). When Lelia was only two years old, McWilliams died. Sarah's second marriage to John Davis August 11, 1894 failed and ended sometime in 1903. She married for the third time in January, 1906 to newspaper sales agent, Charles Joseph Walker; they divorced in 1912. ACCOMPLISHMENTS: Madam Walker was an entrepreneur who built her empire developing hair products for black women. She claims to have built her company on an actual dream where a large black...
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...Autobiography My name is LaQuinta Walker and I was born in the Spring of April 4, 1987 in Atlanta, Georgia. I was born to, high school sweethearts, Sharon and John Walker from a small town called Aliquippa, PA. My parents are currently still alive and has been married over 35 years. I am the youngest of five children, and whose name means "The Fifth" in Spanish. Some cool facts about my birthday are that I share it with the late poet, Maya Angelou. April 4th occasionally falls on Easter and is the anniversary of Martin Luther King Jr.'s assassination in 1968. These cool facts help reminds me that Greatness was born and ended on my great birthday and I have been passed a torch that will burn on. Soon after I was born, my family uprooted to Phoenix, Arizona, where my mother's family migrated too. My early childhood was pleasant growing up in the late 1980's. We were an average middle class family. My father enlisted in the Air Force Reserve, while working at Crystal Bottle Water Company. My mother was a Register Nurse most my life. Arizona was a good time! The climate there was great or could be extreme heat. Every house appeared to have a pool, which was really cool to own. We owned a golden retriever, who we adopted into our family and named Sassy Frassy Goldy Walker. She was my dog! Sassy had two set of litters prior to coming to live with us, she had a very protective, motherly instinct and I loved her. Sassy was a very good dog, until we made pound cake. As...
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...Madam C.J. Walker's Abilities Gen200 December 9, 2010 Madam C.J. Walker's Abilities “While America has produced hundreds of millionaires, few ex-washerwomen are numbered among their ranks” (Inventors Assistance League, 1999-2005). Madam C. J. Walker, an African American, formerly known as Sarah Breedlove, went through many hardships but had the abilities to turn her adversity into prosperity. She went from tending cotton fields to a washerwoman, eventually marrying to escape the abuse of her brother-in-law. She gave birth to a daughter and three years later husband passed away. Madam C.J. Walker decided that she wanted her daughter to have a better life than her own. She had to find the ability to start this journey, to plan, grow and sustain her accomplishments and finally the ability to give back and help others. Many Americans have the dream to start their own company and become successful, but most have the inability to start. Madam C.J. Walker was able to start; she moved her daughter to Denver and worked as a cook while she saved her money to start her business. She discovered the ingredients to put on her scalp to make her hair grow. Many African American people back in her time had poor hygiene and would lose his or her hair. Madam C.J. Walker’s treatment worked wonders on her own scalp and on her friends. She began her own company, selling her Wonderful...
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...TermPaperWarehouse.com - Free Term Papers, Essays and Research Documents The Research Paper Factory JoinSearchBrowseSaved Papers Home Page » Business and Management Jc Penney In: Business and Management Jc Penney 1. I feel J.C. Penney’s strategy is to do with away constant “sales” and have every day lower prices. I also feel that Penney’s will favor the promotion of brand names and doing away with in-house labels. 2. Yes I think Penney’s has a good strategy for growth. The new CEO Ron Johnson is providing direction and encouraging new ideas. By using the “apple” model for Penney’s he is incorporating new ideas. Mr. Johnson is trying to develop a competitive advantage by changing the way Penney’s does business. His ideas are innovative and are being responsive to customers. Finally by offering brand names he is promoting quality over cheaper in-house labels. 3. Ron Johnson has established the mission and vision with his vision on how Penney’s needs to change to become competitive. He has established the grand strategy by assessing Penney’s current performance and lays out the game plan on how the mission will be accomplished. Mr. Johnson has clearly formulated his strategy by analyzing Penney’s internal problems along with the problems they have are facing from their competitors. Penney’s is currently n the strategy implementation part of the process this will take much investment but cost cutting and the elimination of sales have...
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...Company Analysis and Comparison: JC Penney (JCP) and Target (TGT) Becky Kennedy FINC 350 A Professor Mason February 1, 2015 JC Penney and Target are a huge presence in the retail industry. Both companies specialize in the sale of merchandise and service to consumers through retail stores and e-commerce. Target and JC Penney are companies that are part of an industry known for its competitiveness and few barriers to entry. They compete with other local, national and regional retailers for resources such as customers, employees, locations, merchandise, and other aspects of the retail business. Both companies have stores at several locations throughout the United States, with both company’s operating results depending on their ability to predict and respond to changes in trends and customer preferences by providing consumers with quality merchandise at competitive prices. Both companies face the same kinds of risks. The answers are in the way they are managed. The retail industry is risky with Target and JC Penney both struggling with issues resulting in lost revenue. Risks faced by companies in the retail industry most likely include competition, marketing, branding, employee/customer retention, supply chain management, financial management, data management and much more. Target suffered from a data breach at the end of 2013 that proved to be costly and they are still subject to investigations and private litigations costing them millions of dollars. JC Penney has suffered...
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...COM MGT 500 WK 7 ASSIGNMENT 2 MGT 500 WK 7 Assignment 2 - Management at J.C. Penney Company, Inc. Using the Internet research J. C. Penney Company, Inc. from its inception to current-day operations. Write a five to six (5-6) page paper in which you: 1. Evaluate two (2) key changes in J.C. Penney’s management’s style from the company’s inception to the current day. Indicate whether or not you believe the company is properly managed today. Provide support for your position. 2. Explain senior management’s role in preparing the organization to shift from a catalog-based retailer to an Internet retailer. Provide evidence of whether the transition was seamless or problematic from a management perspective. Provide support for your rationale. 3. Evaluate management’s decision to use celebrities as key merchandise vendors and spokespersons. Indicate the organizational impact of these decisions. More Details hidden... Activity modeaims to provide quality study notes and tutorials to the students of MGT 500 WK 7 Assignment 2 in order to ace their studies. MGT 500 WK 7 ASSIGNMENT 2 To purchase this visit here: http://www.activitymode.com/product/mgt-500-wk-7-assignment-2/ Contact us at: SUPPORT@ACTIVITYMODE.COM MGT 500 WK 7 ASSIGNMENT 2 MGT 500 WK 7 Assignment 2 - Management at J.C. Penney Company, Inc. Using the Internet research J. C. Penney Company, Inc. from its inception to current-day operations. Write a five to six (5-6) page paper in which you: 1. Evaluate...
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...Submission: December 14, 2011 Title of Assignment: Internet Technology, Marketing, and Security Executive Summary of Internet Technology, Marketing, and Security In society companies spent a lot of money on branding their company’s image. Due to the rapid growth in technology, the internet has become the fastest way to expand many marketing campaigns. Many companies number one priority is to ensure that their company’s image is maintained while making a profit. Security risks are more likely to take place on the internet because of many companies lack of safeguard focus of customer’s information. The Evaluation of JC Penney’s Production and Corporation Information J. C. Penney Company, Inc. is one of America's leading retailers, operates over 1,100 department stores throughout the United States and Puerto Rico, as well as one of the largest apparel and home furnishing sites on the Internet, jcp.com. Serving more than half of America’s families each year, the JC Penney brand offers a wide array of private, exclusive and national brands which reflect the Company’s vision to be America’s shopping destination for discovering great styles at compelling prices. Traded as “JCP” on the New York Stock Exchange, the $17.8 billion retailer is transforming its organization to support its Long Range Plan strategies to build a sustainable, profitable enterprise that serves its customers, engages it associates and rewards...
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...to Conduct Business Research: Part 1 J.C. Penny J.C. Penny Corporation, Inc., is an American retail company that was founded in 1902 by James Cash Penny. The company was called J.C. Penny Stores Company from 1913 to 1924 and then was reincorporated in 1968 to present as J.C. Penny Co. The firm was incorporated in 1913 and the following year the company moved its headquarters to New York City. In 1927 J.C. Penny Co., became a publically traded corporation. J.C. Penny Co. has been a household name for decades, but has seen its share of financial difficulties. Now the company is in the process of changing their culture, as it has discontinued its traditional catalog sales, and created a profitable internet shopping site. The issue that J. C. Penney is facing includes dramatic losses in sales, profits, and stock value. They recently hit a 55 week low with their stock value. They have brought back a former CEO Myron Ullman III to make some changes which does open the door for some new possibilities as well. They are currently making changes by closing 33 stores that have been underperforming to make up some of those losses and project that to make some significant differences. Other issues that come with that are the 2,000 employees that will be laid off as a result. They are battling some tough situations with the economy not in the best place for the retail business while trying to still keep their footprint as a company. Former CEO, Ron Johnson had implemented sales and promotions...
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...Financial Analysis of Jc Penny A brief overview of the rebrand Financial Analysis of Jc Penny A brief overview of the rebrand History J.C. Penney Company, Inc has about 1,100 stores in all 50 states. J.C. Penney Company, Inc. (JCPenney) is the second largest department store in the United States behind Sears Roebuck. JCPenneys’ name came from James Cash Penney who started his first retail store in 1902 in Kemmerer, Wyoming, a small mining town when his was 26 years old called Golden Rule. Even though the local banker cautioned Penney against opening a "cash only" store, since three other previous investor attempts failed, Penney still proceeded. In Penney's 1st year, the store successfully made $28,898 in sales. By 1913, Penney changed the company’s name to J.C. Penney Company, Inc. and moved the corporate headquarters to New York City to be closer to manufacturers and suppliers. Private label brands were a major reason for the success of the company; JC Penney could determine the price and used this to increase his profit margin. Some private label examples include Belle Isle, Ramona, and Honor Brand. In 1929 the company was listed on the New York Stock Exchange. When the Great Depression hit, the company cut back its inventory and purchased goods at lower prices so it could pass the savings on to customers. The company's profits even increased during the Depression and the number of stores grew to 1,496. During World War II, Materials and merchandise were scarce...
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