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The aspect of King Arthur to be fully owned by employees implies that all its operations are done in accordance with the decisions of the employees. This model implies that employees are provided with ownership interest. The firm provides the employees with aspects like stock ownership, which may hardly have any up-front cost to such employees. In such a case, the employees take a key role in running the business organization including making informed decisions. Again, unlike other models where employees are completely kept out of issues concerning the business management, employees would have a feeling of accountability and would be pressurized by not only motivational factors but also factors associated with business ownership (Lewis,11).
Working at the King Arthur Flour has a number of benefits. Unlike working in other business organizations where employees are kept in the dark as far as decision-making processes are initiated, working in this business organization would provide an employee with the advantage of being in a position to contribute to the business success. In cases where employees have no ownership to the firms they work in, it follows that the only motivational factor is the compensation. In the case of King Arthur Flour, employees understand that their efforts would yield some personal benefits. To the firm, benefits such as retaining good employees are achieved. This kind of ownership attracts and retains good employees. Small businesses or some business organizations that are perceived to have less attractive working environments have difficulties to attract or retain good employees (Lewis pg9). This happens as every good employee strives to get a bright chance in a good organization. Another benefit would be the aspect of buying out ownership. This happens when the original owners intends to leave
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Milton argued in this article that the sole purpose and core obligation of a business is to act in the shareholders best interest- i.e. to create shareholder value or in more blatant terms, to generate profit for them (Friedman, 1970). However, Wearden (2010) adds that there are many who argue against this, the proponents of Corporate Social Responsibility or Sustainable Business, those who advocate the integration of social and environment concerns in their business operations.
For instance, the suppliers, employees, and products and services of a business organization are influenced by it. In addition, government policies, employees, suppliers, and competitors exert substantial influence on a business organization. As such, the effect of the environment on a business is inversely proportional to its size (Dyer & Ross, 2008, p.
1). This paper briefly summarizes the enormous business potential in the USA as witnessed at one of the major business events known as “Denver Gift, Home, Jewelry & Resort Show” held in Denver, Colorado from February 26, 2011 to March 1, 2011. To encourage the manufacturing and sale of Native American products, Denver Gift, Home, Jewelry & Resort Show hosted 450 exhibitors selling nearly 4000 types of products including jewelry, furniture, gifts, cosmetics, stationery, handicrafts, garden accessories, interior decoration, etc.
Mihaly Csikszentmihalyi (2003) Introduction: The unethical employment practices of Nike as well as the retail giant Wal-Mart; the trading of ‘blood diamonds’ by De-Beers; or the Enron Scandal are all examples of companies and events wherein the businesses acted unethically.
Maryanna identified the business opportunity embedded in this trend and decided to take advantage of it by starting a naming business. Yes, the founding of Marayanna’s business was customer driven in the sense that she started her business only when she realized that their existed demand for the right type of names.
The main objective of a security plan in e-business is to “protect the privacy of the people with whom you do business and safeguard your IT and other information assets.” (Rapalus, 2001)
Information is a significant business asset for any
The two partners have to adopt a partnership form of business so that they may share the management roles and all the risks that can be encountered. This is a good form of business, as the profits that will be attained
KFC also customises its products and services to meet regional demands. The company is not all about the products but also the services that it offers to the customers. Both products and services are vital for the company. The company targets a wide range of
Among the other factors important in the essay will include the processes of making a business strategy, and implementing it within the environment of the business. The competitive strategy model provided by porter will have importance
10 Pages(2500 words)Essay
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