Name: Instructor: Course: Date: Contemporary Management Issues Report JB HI-FI JB Hi-Fi has a fundamental principle, that all of their business affairs are conducted ethically, legally and with strict observance of high standards of propriety and integrity…
Download full paperFile format: .doc, available for editing
Download file to see previous pages
It is through adherence to these values that build a strong partnership of trust between the company and stakeholders. This code applies to all from the directors, chairperson, C.E.O, to the junior employee. JB Hi-Fi as a company respects the dignity of every employee, the freedoms, rights and needs of all individuals. The company strives to provide a working environment that is rewarding, challenging and safe. The company realizes the benefits of recognizing the work of all employees. The company respects all personal and sensitive information that relates to their customers, employees and suppliers. The company strives to reinforce the commitment it has to highest standards of business and professional ethics (JB Hi-Fi 1). All company employees are expected to treat fellow employees, the public and customers with courtesy, respect and honesty. They are also expected to safeguard and respect customer properties, the company and the property of all fellow workers. The employees are expected to maintain the confidentiality of all customers, the confidentiality of the company and all other parties’ information that have been gained through work (JB Hi-Fi 1). The employees are expected to perform their duties to the best of their ability; this is taking into account the experience, skills, position and qualifications. The employees are expected to perform their duties in a responsible, safe and effective manner. The company expects the employees and all company staff to respect all sensitive and personal information according to the privacy legislation. The company expects that the personal business and financial interests of the employees to not conflict with their duty to the company and work within the policies and rules of the company and obey the law. When all employees undertake their responsibilities and obligations, the workplace, job performance and satisfaction benefits the company and helps the company achieve business goals (JB Hi-Fi 1). Competitors and fair competition All company employees have knowledge of commercially sensitive information. The employees must also disclose all significant stakes in a competitor. The interest in a competitor constitutes a conflict of interest and employees are expected to divest themselves of this interest. Fair competition means that the company; Will know and follow its legal obligations to competitors. Will not compete on a basis of obstructing comp0etitive conduct, rather the company will compete on a basis of customer service. This is part of the company’s commitment to management, staff and fair-trading. Will does not differ unfairly between customers when supplying products or Services. Will not refuse to deal or discriminate against, a customer for any improper reason. Not threaten or intimidate a customer, organization or other person. The company does not encourage untruthful or disparaging remarks about any of the competitors, their products and services. The company aims at conducting business fairly, and competes on a basis of product and services merits. The company also aims at being an effective competitor that acts according to the ethical norms acceptable to the community. The company does not accept bribes, kickbacks or payoffs, in all deals; the company ensures that it is courteous, truthful and well informed. The company ensures that it is careful to avoid misrepresenting the features, availability or quality of their
...Download file to see next pagesRead More
The following paper deals with contemporary issues emerging in the business activities of MNCs and the concept of ethical leadership. In this context, the given passage of Niccolo Machiavelli’s ‘The Prince’ is starkly relevant to contemporary issues in management. It is asserted in the passage that whether it is prince, an individual or a company, all of them have to flow according to changing circumstances.
JB Hi Fi is not just another electronics store it is a great brand and has a great quantitative value. And, this paper will also try to evaluate the importance of the future branding strategies to keep up the brand image towards the future market. Introduction: Auditing is an important factor to be taken seriously to measure the ultimate output in a quantitative manner.
The IMC strategizes on the basis of JB’s current position and share in the retail market compared to its most significant rivals. The rationale for this approach is based on the reality that competition within the market is intense and therefore competing on the basis of mere product placement, availability and access needs to be complimented by communicating an image that attracts the target demographic of 18-30 years old.
This has seen different electronic companies specializing in the music related products by introducing competitive products in the market. This has increased competition as customers have several options to choose from. In particular, competition for high fidelity (hi-fi) music systems has increased requiring marketers to do a thorough market analysis to ensure successful rolling out of such products.
It next brings forth the advantages of maintain work life as better work life balance leads to more productivity, employee satisfaction, enhanced loyalty and better customer service. Finally the paper discusses some of the current best practices related work life balance including flexi timing, telecommunicating and working from home.
During the financial year 2012, the current liabilities of the company JB-Hi Fi Limited has increased $93,543 thousand as compared to the prior year ending 2011. This represents an increase of around 27% during the financial year. The major increase has been represented in the figure of Trade and other payables of the company.
The contemporary world due to the urge of applying cost effective and proper managerial strategies has resulted to varied intriguing issues evidenced with global corporations. Officials concerned with activities of different institutions always seek to maximize on their managerial trends, profits as well as allow for positive business feedback (Adler & Shper, 2010, pp.285).
The author states that the IMC strategies have been developed on the basis of the relative market share that JB Hi-Fi enjoys within its domain in comparison to its major rivals viz. Big W, Harvey Norman and Dick Smith. The central objective behind the adoption of such strategies is that JB Hi-Fi shares the market space.
Petroleum Development Oman (PDO) is an Oman-based company operating in the oil industry, and engaged in both exploration and production of natural gas and oil (MarketLine, 2014). PDO is owned by four major players, the Government of Oman,
10 Pages(2500 words)Essay
GOT A TRICKY QUESTION? RECEIVE AN ANSWER FROM STUDENTS LIKE YOU!
Save Your Time for More Important Things
Let us write or edit the essay on your topic
"Contemporary Management Issues Report JB HI-FI"
with a personal 20% discount.