Philosophy of business

The company achieves its “everyday low prices” by ensuring its business practices are both efficient and effective (Ferrell, Fraedrich, & Ferrell, 2014). The company also prides itself by offering best-in-class customer service. However, recently, Walmart has come under scrutiny for some questionable business practices. Accusations of bribery, environmental and human safety malpractice, and illegal anti-union tactics have brought Walmart’s ethical values under…

and transparency. Unlike less comprehensive business certifications, B Corp certifications involve meeting holistic standards for all aspects of a company, from its environmental and social impact, to its corporate governance and community involvement. B Corp certification is designed to help consumers identify those companies that are not just conscious in their words, but conscious in their deeds (Dunbar 2015a). The non-profit organization, B Lab, supporting the B Corp movement vision is to…

a tight economy and slow sales Seagram executives needed to strategically reorganize the company’s business philosophy to remain profitable. This strategic reorganizing leads the organization to expand into Asia Pacific countries and purchasing majority ownership of the entertainment company MCA. Diverse acquisitions generated problems that required Seagram’s to reengineer and unify the fusion of managers and employees that have been obtained. The reengineering identified the culture change…

Marketing can be split into two individual components; as customer value and as a business philosophy, both carry separate characteristics which differentiate each, yet they are heavily linked and are vital to understand and implement in the modern environment. In order to succeed and stay innovative in the modern world, organisations must understand the essential component of customer value, however this requires application of many frameworks as this is an extensive concept. Many view…

companies in the world, is the philosophy in which they run their business. United focuses on two main philosophies that help them stay the world-class airline they say they are. The two business philosophies that they follow is providing world-class customer service to provide their passengers a relaxing and luxurious flight, and creating a workplace where employees feel they can make a solid difference in the company. Providing a world-class customer service base is important in any company…

Grace Lever is a highly decorated female entreprenuer, author and speaker who's mission is to empower and equip women with business skills that will enable them create profitable lifestyle businesses. Lever is the Founder of GraceLever.com and The Doing Academy and is a staunch advocate for the benefits of doing and getting things done. Inline with her philosophy of doing, her community boasts close to 10,000 highly dedicated women entrepreneurs. She is also behind many successful online…

This is a very interesting book not only for restaurant managers but for any business owner as it will give you ideas on which techniques to implement in your business in order to properly manage it and succeed at it. Meyer presents principles that are very good and it has indeed helped him succeed. He does not only concentrate in making revenue, but also and very important, his staff. The fact that his staff was to deliver hospitality not service was crucial to Danny Meyer. In his early years…

Kantanka Motors Kantanka Motors being a Small to Medium Enterprise, faces unique challenges in its immediate business environment. The company will necessarily have to deal with the prevalent forces to drive change if it is to survive, grow and meet the expectations to create investment and employment opportunities. Within this environment are important business success indicators which the business will have to adapt to chiefly, successfully adapting to the change from technological advances,…

exemplary enterprise for new media startups. Its founders posed the necessary personal, business and professional skills to lift up an idea and make it a great profitable business. The culture at Gimlet is a forward looking one where a passion, drive and commitment define the work ethic of its employees and processes. Persistence, perseverance and patience are positive qualities that Alex and Matt, the founders of Gimlet exhibited, which drove the company from a success to another. The…

book Spoelstra talks about 17 ground rules that help not just a business, but anyone who is willing to go an extra step in order to succeed. They’re several principles that Spoelstra mentions throughout the book, but in my perspective I’m going to mention what I think are the top five principles. One of the most important principle in my opinion is ground rule number one: If you aren’t willing to take a few risks in marketing, become a bean counter. This rule deals with how a business…