MGT 101 Business Project Company Choice and Problem Summary - 25 Points Choose a company that you would like to investigate. This company should be going through some sort of problems that can be investigated along the way through this project. Once you have selected a company for your business project, submit to your instructor for approval. If you are choosing a local company, you must make sure you have access to all the information needed to fulfill the requirements of this project. Everyone must choose a different company. You will be using a 5-step critical thinking problem-solving process, IDEAS, to work through any problems to determine a solution for this project and for any other problems you encounter. I – IDENTIFY the …show more content…
Explain the purpose of the business. Does the company operate on a profit or non-profit basis? Explain your answer with details. Re-examine the company’s mission statement. How does their mission statement exhibit this statement now and in the future? If not, why doesn’t it? Where is the business located and how many locations are there? B. Investigate and exhibit the evolution of business you selected by creating a timeline, concept map, video, or by writing about it. Select 2-3 major events throughout history that have changed business. Provide a chronological history of your business within the timeline, map, video, or write-up. C. Discuss how capitalism’s four basic rights are illustrated in the operations of this business. Private property rights Choice Ownership Competition What form of economic environment does this company operate (ex: monopolistic competition versus oligopoly, etc.) D. What role does the government play in the operations of the business? E. Describe the legal form of the business and indicate some of the advantages/disadvantages of the form. F. How has this business exhibited corporate citizenship and responsibility of business in society? Describe any “green” concepts the business might be using or plan on using in the future. Identify at least two ways that social responsibility can benefit consumers If you believe a company should “go green”, should a company spend more money communicating their
Researching was my second step in the critical thinking process. When using research for this project, I came up with ideas that were relevant and useful to the task at hand. Consequently, critical thinking played a crucial role in deciding on new ideas, selecting the best ones and adjusting them if necessary. This lead to a reasonable solution
If I were to analyze the company's mission statement according to the elements of a mission statement enumerated by David and David, it would be as follows:
Many firms are learning that being environmentally friendly and sustainable has numerous benefits. (O.C Ferrell, Fraedrich, Ferrell, 2015). This could enable them to increase goodwill from various stakeholders and also save money in the long term. This will mean that they are being more efficient and less wasteful of resources, which will enable them to be more competitive by satisfying stakeholders. The CEO of
Ideally, a good mission statement also provides information regarding the organization’s overall management philosophy, its business model, its technical and social competencies, and its values and beliefs (Aguinis, 2009; Azaddin, 2011; Bart & Hupfer, 2004; Covin, Slevin, & Schultz, 1994). Moreover, to make mission statements of large companies more individually relevant, Azaddin (2011) advocates flexible “guiding statements” that account for the “context, culture, structure, and needs of an organization” (p. 31). Thus, a mission statement must be meaningful and applicable to all stakeholders for strategic decision-making to be effective.
Embrace new technologies to improve efficiency, maintain environmental stewardship through green practices and sustainable operations, support continuous improvement of the business processes, develop employees’ capability, and provide excellent customer services.” (Hillsborough County, 2015)
In the article on Strategic Planning, what company’s mission statement is used as a good example of business purpose?
Mission statements for any organization are today a foundation stone for defining its activities, attitudes and culture. Thus the mission statement influences the organization to a very great extent. Thus the mission statement shows the degree of internalization and the general principles of governance adopted by the institution, and its core values and responsibilities and the area of interest. (Yopp, 2008)
2. Provide a 100- to 200-word summary in which you provide an example business that you would start for each form. What is legally necessary to file in order to form that business? Discuss at least one of the advantages and one of the disadvantages of that form.
The company runs multiple projects simultaneously however the case study centres around two major projects, that being the Goodold Company project, which is in the implementation phase of the project lifecycle, as well as a newly landed project, the Growin Corporation project, which is in the initiation phase.
There are six steps in the critical thinking process. Each step of the critical thinking method poses questions which encourages the individual to dig deeper into the subject to discover the answer needed to enhance their understanding of the subject. This type of thinking process opens the possibilities of many different levels of understanding on the subject matter providing information that joins together to form a new way of seeing the text. It is the process of gathering evidence to seek a resolution.
The current parking space gets filled when the game attendance reaches approximately 15000. The parking has to be twice the area of existing one.
Bases on this discussion question I will be honest. I have never had any past experiences with projects that relates to experiences of power, negotiation, and conflict. But does not indicate that I am not learning on this chapter 4. After I have read chapter 4, the introduction paragraph says, if you do not know where you are going, any road will take you there” this phase relates to myself, because I have never had any past experiences, and this class will take me to have my first past experience in a project management. The project management plans should be dynamic, flexible, and receptive to change when environment or project changes. There are elements to most project management plans that are very important to follow. Project title, Project
Make the company “go green” by encouraging a greener environment inside the company as well as making any future banks sustainable
Corporate social responsibility has been one the key business buzz words of the 21st century. Consumers' discontent with the corporation has forced it to try and rectify its negative image by associating its name with good deeds. Social responsibility has become one of the corporation's most pressing issues, each company striving to outdo the next with its philanthropic image. People feel that the corporation has done great harm to both the environment and to society and that with all of its wealth and power, it should be leading the fight to save the Earth, to combat poverty and illness and etc. "Corporations are now expected to deliver the good, not just the goods; to pursue
One major problem as far as companies using green marketing and why it isn’t working is that the relatively vague definition of green marketing leaves a lot of room for loopholes. Green marketing, by simply being defined as “the marketing of products that are assumed to be environmentally safe,” allows companies to take advantage of this idea even if their products are not the best example of green ones (McClendon 1). Most companies also don’t practice what they preach in such