...Brad Sears Christy Mallory OCTOBER 2011 Economic Motives for Adopting LGBT-Related Workplace Policies Introduction This study evaluates the economic impact of corporate non-discrimination and benefits policies by analyzing the extent to which economic reasons motivate corporations to adopt such policies. The past decade has seen a large increase in the number of corporations adopting LGBT-related workplace policies. In 1999, 72% of Fortune 500 companies included sexual orientation in their non-discrimination policies, and only a handful included gender identity.1 By 2009, 87% of such companies included sexual orientation and 41% included gender identity in their non-discrimination policies.2 Over the same time period, the percentage of Fortune 500 companies offering domestic partner benefits increased from 14% to 59%.3 This study reviews statements issued when adopting such policies by the top 50 Fortune 500 companies and the top 50 federal government contractors. Since companies began to adopt these policies, and state and local governments began to amend their laws to prohibit sexual orientation and gender identity discrimination, arguments have been made that the requirements are costly and burdensome for private businesses. As recently as May 2011, the Tennessee legislature repealed an ordinance passed by the city of Nashville requiring city contractors to include sexual orientation and gender identity in their non-discrimination policies.4 The Tennessee Chamber of...
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...facilities. Since then the proportion of people visiting India for medical reasons has been on a rise. This is because the medical treatment here 25 percent less expensive than other countries. In India most of the people in the services sector speak English and the language barrier is another factor that allows foreigners to consider India as a Viable option for their medical treatment. The health and wellness tourism in India is also at a huge growth for the high quality services offered. The Indian tourism sector is a good example of the multiplier effect, which is when the success of one type of industry which in this case is tourism attracts other forms of economic development and creates more jobs, for example in shops, hotels, restaurants and bars, and also as guides and instructors. The GOI is allowing 100% investment into Hotels and Tourism. This means there will be a lot of overseas investment in airports, roads and hotels. This investment will be good, as new chains will open here, more flights, more accommodation, and better transport. These reasons will increase tourism even more. In the next 5 years 8-10 billion dollars are being invested in the tourism sector. India has significant potential for becoming a major global tourist destination and this is a big advantage for India. Ecotourism in India is also growing; this is...
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...ESSAY ONE MAKING CONNECTIONS DRAFT Bottom of the pyramid (BOP) refers to refers to the poorest yet largest economic group in the world as it shows on figure 1. This was a term introduced by http://recyclewashington.files.wordpress.com/2010/05/graphic-world-economic-pyramid-web1.gif?w=510 http://recyclewashington.wordpress.com/category/economics/ These income values are based on the purchasing power in US dollar, and the BOP represents the tier 4 which earns less than $1,500 a year per head. This economic group however represents 4 Billion people which is larger than all other groups combined. Countries that can be referred to as BOPs include countries like Niger which has a GNI per capita of $701 http://hdrstats.undp.org/en/countries/profiles/NER.html or Afghanistan with a GNI per capita of $1000 http://hdrstats.undp.org/en/countries/profiles/AFG.html. There is a high correlation between countries with low GNIs http://hdrstats.undp.org/en/indicators/103606.html and Third world countries http://www.nationsonline.org/oneworld/third_world.htm therefore we are able to identify similarities amongst them whether cultural, environmental or economic. The Bottom of the pyramid strategy is a modern strategy introduced by Coimbatore Krishnarao Prahalad. He believes that that multinational companies not only can make money selling to the world’s poorest, but also that undertaking such efforts is necessary as a way to close the growing gap between rich and poor countries. Key...
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...the largest socio-economic group of individuals who are amongst the poorest in the world. Although those individuals living at the bottom live in severe poverty, the notion is that there is a fortune at the BoP for multinational organizations to exploit. There is a considerable amount of market potential that exists within these groups. An organization can make an effort to capitalize on this potential, changing or creating a sustainable business model for future operations. For a multinational organization to do so, there are various opportunities and challenges in which they must understand. Opportunities of reluctance from competitors, purchasing power of the BoP, progression of the BoP, and financial gain of the organization must be considered before investing. While challenges of ethical concerns involving the products produced and the vulnerability of the BoP market must be recognized as well. There have already been numerous multinational organizations that have invested their efforts into the BoP market and have attained immense success. The argument against tapping into this market is understandable, but with vast opportunities and avoidable challenges, it is apparent that a multinational organization can and should seek their fortune at the bottom of the pyramid (BoP). As the majority of the BoP market is untapped, there are various opportunities for a multinational organization to consider when determining whether they can and should seek fortune at the BoP. The central...
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...History The Fortune 500 Company chosen for this paper is the Lockheed Martin Corporation. Lockheed Martin is a global securities and information technology company headquartered in Bethesda, MD. Lockheed Martin employs roughly 126,000 people in several facilities throughout the world. The company's main business is in research, design, development, manufacturing, integration and sustainment of advanced technology systems, products and services. Lockheed consists of four operating units, or business areas, which consist of Aeronautics, Electronic Systems, Information Systems and Global Solutions, and Space Systems (LMC, 2011). Lockheed Martin Corporation was created in 1995 from a merger of two major global technology companies, Lockheed Corporation and Martin Marietta Corporation (LMC, 2011). Lockheed Corporation first began in 1912 when two brothers, Allan and Malcolm Loughead, created the Alco Hydro-Aeroplane Company to manufacture a floatplane. In 1916, the brothers used their own profits to buy out the other investors and organized the Loughead Aircraft Manufacturing Company. In 1921, the company was liquidated because of poor sales. Allan Loughead returned in 1926 to create the Lockheed Aircraft Company, which began to be much more successful. Lockheed is the matching pronunciation of Loughead and used instead (Weiss & Amir, 2009). The Martin Marietta Corporation also had its beginnings in 1912 when Glenn L. Martin, an aviation pioneer, created the company to manufacture...
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...Xerox Case Study Diana M. Orlando Palm Beach State College Abstract This case study discusses how Xerox makes diversity, equal success. As one of the world’s leading organizations in copiers and ink, Xerox has committed their leadership team to empower their employees to work collectively in bringing new innovative ideas, different view and knowledge to their organization. By creating such a successful diversified organizational team, and along with its leadership, it has allowed Xerox to be known as one of the most admired organizations in the computer industry (Schermerhorn, J. R., 2012). Diversity and Inclusion of Xerox Diversity is an essential part of Xerox’s corporate culture. It offers an equal opportunity to all employees, and allows leadership to take full advantage of different thoughts, views, knowledge and perspectives, which has created a strong workforce and its ability to stay in the top of their league. By creating an equal opportunity-based environment where innovative creativity happens, Xerox has the power fulfill its company goals to succeed. Diversity has changed over that last few decades and Xerox is using diversity to the best of their ability. As a global organization, its diverse workforce is with no question, strong. The thought of hiring people of color in organizations years ago would never be, however their idealism is more about striving for the ability to have a different way of thinking than their competitors. It established...
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...MICRO-ECONOMICS ASSIGNMENT Group 24 VINEET KHANDELWAL | FT161105 | ANKIT GUPTA | FT161016 | CHANDAN | FT161030 | KUSHAL RAVEENDRA | FT161046 | Question Number 1: You run a small firm. Two management consultants are offering you advice. The consultant A says that your firm is losing money on every unit that you produce. To reduce your losses, the consultant recommends that you cut back production. The consultant B says that if your firm sells some additional units, the price will more than cover your increase in costs. In order to reduce losses, the second consultant recommends that you should increase production. 1. Explain which consultant/s is/are factually true and who is offering the correct advice? 2. Explain your answers by drawing the relevant diagram/s. On a broader view, both the consultants seem to be factually correct. The key thing is to look at the relationship between Marginal cost, average cost and the price per unit. The first consultant is in a way right in his advice because the average cost to produce is higher than the selling price .Hence factually he is right to say to cut back production. Since the price is greater than the marginal cost at Q1 the second consultant is also correct in saying that the increase in production will more than cover the costs incurred. Hence taking the advice of second consultant seems more practical as it will lead to profits once if the production is increased up to a point (Q3) where the...
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...Proceedings of the 15th Annual Conference of the Association for Chinese Economics Studies Australia (ACESA) Guanxi Neglect at the Roaring Dragon in South-west China: The demise of an International Management Contract Stephen Grainger1 University of Western Australia ‘guanxi neglect – neglecting opportunities to show respect towards guanxi relationships’ Abstract This paper introduces the concept of guanxi neglect through a case study that describes the takeover of a formerly Chinese managed hotel by a western based, international hotel management company. Specifically, it covers the cultural conflict that occurred for employees trying to adapt from the former Chinese relationship (guanxi) based planned methods of hotel management to that of the more market oriented, management company. Conclusions that are drawn highlight cultural characteristics and issues that companies taking over or approaching joint-ventures with SOEs, are advised to be aware of. In recent years, the hotel business environment in south-west China has undergone significant changes. China’s opening-up has encouraged an outbreak of new hotel construction and property speculation as companies and investors hope to cash in on the domestic and international exposure of the unique region. Prospects for growth in the number of tourists and investors visiting the region in the future were good. 1 Correspondence to: Stephen Grainger The University of Western Australia Perth, W.A., AUSTRALIA Email:...
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...Table of Contents 1.0 EXECUTIVE SUMMARY 3 2.0 SITUATION ANALYSIS 4 2.1 PESTEL ANALYSIS 6 Political 6 Economic……………………………………………………………………………………………………………………………….6 Technology 7 Environmental/Ecosystem 7 2.2 PORTER’S FIVE FORCES ANALYSIS 8 High threat of new entrant to the market 9 Medium bargaining power of suppliers 9 Medium -high bargaining power of customers 9 Low threat of substitute products and high level of competition. 9 2.3 SWOT ANALYSIS 10 STRENGTHS 10 WEAKNESS 10 OPPORTUNITIES 10 THREATS 10 2.4 SWOT MATRIX 11 2.5 COMPETITION 12 MARKET LEADERS 12 3.0 KEY ISSUES IDENTIFIED 14 3.1 ASSUMPTIONS 15 4.0 OBJECTIVES TO BE PURSUED 15 4.1 The Keys to Success of the business 15 4.2 Mission Statement 16 4.3 Company Summary 16 4.4 Unique Selling point: 16 5.0 MARKET SEGMENTATION ,TARGETING AND POSITIONING. 17 1.0 EXECUTIVE SUMMARY The purpose of this report is to conduct a three years marketing plan for Fortune coffee and cake shop which is a family business. The family is interested in setting up a retail outlet at 200 King Street, Aberdeen because of the closeness to University of Aberdeen, Unite student hostel, Robert Gordon University student hostel and the presence of corporate offices like First Nation bus headquarters, Police Scotland office and others. The major sources of information and data are textbooks, journals, internet and personal interview. The marketing plan is divided into four sections: the situation analysis...
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...one thousand and fifty stores only in domestic markets (USSEC, 2011). It is a private listed company. The stocks of the company are listed in the New York Stock Exchange under the symbol BBY. The company was ranked as a company of the year by Forbes (Tatge, 2006). It was also ranked as a “specialty retailer of the decade” (DSN, 2001). It is currently ranked at number 45 in the Fortune 1000 companies list (One Source, 2011). It is among the primary retailers of electronic goods in the United States. During the first quarter of the fiscal year 2011, it has earned revenues over six hundred million (Best Buy, 2011). SWOT Analysis SWOT Matrix The SWOT analysis of Best Buy Co. Inc. is as follows: Strengths * Market position * Networking * Profitable growth in stores business * Alliance | Weaknesses * Limited suppliers * Lawsuits * Limited geographic concentration | Opportunities * Acquisitions * Expansions * Expanding the product lines | Threats * Competition * slow sales curve * increased rental prices | Strengths Best Buy Co. Inc. is the largest consumer electronic goods retailer in USA and accounts for around twenty percent of the market share in the country. The company enjoys unique market position and it was ranked at number forty...
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...To: Dr. Moffitt From: Daniel Arnold Date: 3/5/15 Re: Individual Project – “The History of Double-Entry Bookkeeping” Accounting has played an important role in the evolution of civilization, even before the modern concept of ‘accounting’, as understood by modern man, existed. Man’s drive to measure and record his surroundings required more and more complex means in order to do so (Gleeson-White 11). This drive to more complex recording techniques led to writing, a numeric system, the spread of arithmetic, and created a standard system in an effort to ease international trade. The scope of this paper will focus on the realization of double-entry bookkeeping, a major branch of accounting. Double-entry bookkeeping (DEB) is defined as an accounting system that recognizes both sides of a transaction using equal amounts of debits and credits. Unlike a single-entry system, it tells the whole story of a transaction (Gleeson-White 11). In order to understand how DEB came into existence, one must reflect on history. As stated earlier, man’s natural drive to measure and record events around him led to arguably one of the biggest single leaps in human civilization - writing. Professor Denise Schmandt-Besserat discovered this link between writing and accounting in 1969. Schmandt-Besserat asserts this about her discovery: “the origin of writing is no longer a mystery…contrary to all expectations [no one would have] guessed that writing derived from counting” (Gleeson-White...
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...PROJECT REPORT ON “ANALYSIS OF CONSUMER BEHAVIOR IN FORTUNE KGMO” AT ADANI WILMAR LIMITED, PUNJAB SUBMITTED BY SIKANDER SINGH (156/2012) LBSIM, New Delhi (In partial fulfillment for the requirement of the Two year Full time Post Graduate Program in Management, 2012-14) ACKNOWLEDGEMENT I express my deep sense of gratitude to Mr. Umesh Chauhan, for his expert guidance and valuable inputs that gave me an exquisite insight about the project on “ANALYSIS OF CONSUMER BEHAVIOR IN FORTUNE KGMO”. I am highly obliged and thus express my gratefulness to him. I am also thankful to the Prof. S. K. Jain, for giving me an opportunity to apply my knowledge of “Marketing Management” in this Research work. I share the pleasure of this achievement with all my colleagues for moral and emotional support in completing this research work in the area of “Consumer Behavior”, successfully. Sikander Singh PGDM - General LBSIM, New Delhi LETTER OF TRANSMITTAL To: Prof. V.K. Mehta From: Sikander Singh Date: 30th June 2013 PGDM (General), 2012-14 Batch Subject: A Report on “Analysis of Consumer Behavior in Fortune KGMO.” Sir, I, Sikander Singh, hereby, submit to you the Summer Internship project report on Analysis of consumer behavior in Fortune KGMO at Adani Wilmar Ltd. I, under the guidance of Mr. Umesh Chauhan (ZSM, Adani Wilmar Ltd.) and Prof. S K Jain (Mentor) was able to successfully complete the project. This report comprises of the...
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...Global Fortune 500 Company Home Depot | Economics for SocietyAyesha MuhammadSeptember 1, 2014 | Global Fortune 500 Company Home Depot | Economics for SocietyAyesha MuhammadSeptember 1, 2014 | Global Fortune 500 Company Home Depot Home Depot is one of the largest home improvement retailer in the world. With stores in the United States, Canada, Mexico and China. Home Depot was founded in 1978 by Arthur Blank and Bernie Marcus, along with investment banker Ken Langone and merchandising guru Pat Farrah. Their vision was to open a store as a one-stop shopping for the do-it-yourself individual. Home Depot opened their first store on June 22, 1979, in Atlanta, Georgia. In 1981 Home Depot went public on NASDAQ and moved the New York Stock Exchange in 1984. Between 1980’s thru 1990’s the company saw tremendous growth, in 1989 the company celebrate their 100th store opening. The company wish to expand their store globally, so they open the first home improvement centers in 1994 in Canada with the acquisition of Aikenhead’s home improvement centers, in 2001 under the acquisition of Total HOME that expand the vision in Mexico, and 2006 the company extended its reach to China by acquiring the The Home Way, a 12 store chain. Their global expansion demonstrates how The Home Depot combines its vast knowledge of the home improvement industry with the needs, shopping trends and customs of each unique geography to best serve customers. They are committed to being a global...
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...are approximately 245 million customers and members that visit Wal-Mart each week, globally. It has stores in 27 countries and sales in 2013 were $466 billion. Wal-Mart’s mission statement of having the lowest prices is consistent with controlling cost, innovation and continuous improvement (Fortune 500, 2014). One of the strategic plans of Wal-Mart is to bring back “Made in America” products (“Time”, 2014). One of the reasons for having low prices is because Wal-Mart’s global out-sourcing. Goods and products that are made and bought overseas are cheaper. However, higher and increasing shipping costs, high global oil prices and wages overseas, translated to costlier fuel for ships and airplanes. There are also supply interruptions overseas as the middle class is growing and local demands are increasing in developing countries. This prompted Wal-Mart to re-evaluate its sourcing ways on variety of products. As you know, Wal-Mart does not produce goods or products but this giant retailer is playing a part in the manufacturing rebound in the U.S. It promised to buy $50 billion of U.S. goods over the next 10 years and is committed in keeping lower prices through renewed economic and manufacturing strategy (“Time”, 2013). The operational plan to lower costs is through the distribution system. An operational feature that Wal-Mart championed is its cross-docking inventory system. A process of moving material from the receiving dock to the shipping dock, bypassing storage...
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...with his popular book called The World’s Religions in which he details the numerous religions practiced throughout the world. In a short video, Smith briefly explains his own thoughts on the parable. Initially Smith specifically points out the harmony of polar opposites. He follows by emphasizing the dualistic lens that human beings tend to see through without considering the interconnection that is present. Instead of perceiving these opposites to be closely linked, we want to identify which is superior and separate them as antagonist. Throughout the parable, one perceived “bad” occurrence happens followed by a perceived “good” occurrence. For example, one day Mr. Lāng Ông’s beautiful horse had wandered off, and his neighbor came to share his condolence. However, Mr. Lāng Ông responded in a neutral and nonchalant manner as he said, “Who knows what’s good or bad?” The next day the horse had came back, but with numerous other horses. His neighbor notices this and expresses his congratulations, but again, Mr. Lāng Ông responds in the same neutral and nonchalant manner. The key difference between these two men is their thinking of the circumstances that took place. Smith alluded to it in the short video as he stated,...
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