The new CEO appears to have much more corporate business experience than the previous CEO. Should this be a concern for the corporation?
Although at first thought, it may appear a person having more corporate experience with this company could be a cause to be alarmed, but this is not necessarily true. An effective CEO would possess many attributes in the working world, corporate business experience should be considered one of the top required attributes. Mike Brady, the new CEO of Greyston Bakery, not only had corporate business experience, but also had the passion and experience in the social and food business. Mr. Brady held the many qualities necessary to support the mission of this company (Zen Peacemakers International, n.d.). Therefore,
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In this case, Roshi Glassman discovered a mixture of ingredients, including but not limited to the ingredients for delicious brownies and baked goods. He actually had a vision to help the needs of the people in the community with the profits he earned from selling his baked goods. While there were mistakes made along the way, he never lost sight of his vision. In my opinion, companies that go above and beyond to give back to communities by opening up employment to all, regardless of their work, medical or personal background will attract more business. The success of many businesses do not solely rely on their making money, but on the interest they show by investing in the future of our societies.
Comment on the social activism of Greyston Bakery. Why don’t more companies follow
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Explain your position.
Traditionally, the key focus of a business is to make money. The more money a business makes, the better for the company. However, some businesses, like Greyston Bakery, have found a way to make a profit while investing in the future by being attentive to the needs of society. As I mentioned earlier, by taking an interest in the future of the society, more people will notice and therefore attract more diversified consumers to the company.
Transforming employees’ lives enables those employees to rise above and possibly give them a chance they may have never had without these businesses giving the less fortunate an opportunity for education and training (Stanwick & Stanwick, 2016). By investing in those that may have faced some or many obstacles in their lives, provides an additional purpose for the company. At the same time, the employees gain knowledge and become a value to the society by returning the morals they have acquired from the
Another central feature of the board of directors is the question of whether the CEO is also the chairman of the board. When the CEO is also the chairman this is often referred to as “CEO duality”. In the US the CEO is often the chairman of the board. Studies have shown that the board in most cases
The RemyCake bakery created a cohesive team and an established clientele and became a staple within the community. Their exemplary customer service and the charismatic presence of their founders created a unique work and customer environment. However, with the recent retirement of the RemyCake bakery founder, a number of issues have arisen. Our Task Force identified the origin of their organizational issues. The following summary addresses and provides solutions for the RemyCake Bakery’s issues of ineffective leadership style, lack of organizational hierarchy, under-developed employee training program, and poor communication at all levels.
Leaders believe people have an intrinsic value beyond tangible contributions as workers. As a result, genuine interest in the spiritual, professional and personal growth of all employees is demonstrated.
Why do you think Starbucks has been so concerned with social responsibility in its overall corporate strategy?
Greyston Bakery is definitely a unique company. This company offers so much more than just brownies to its community. As I stated previously, the company gives somewhat “undesirable” employees a chance to transform from “hard-to-employ” into easy to employ. It also offers shelters to the local homeless, facilitates programs geared towards individuals’ personal growth, and offers health care programs for individuals suffering from HIV/AIDS. In addition, Greyston’s ten guiding principles focus mainly on being a model and a light in its community for other corporations to mimic. Even though it is a for-profit corporation, the company is definitely not merely profit-oriented. While all of these attributes make up a great community-oriented company, I believe more companies do not follow suit because of the expense. Offering so many programs and benefits such as housing to the homeless and child development programs can cost a company millions. In the text, it states that Greyston’s foundation
Gordon Food Services, known as GFS Canada distributes fresh foods, canned and dry foods, fresh and frozen meats, seafood and poultry, special orders, equipment supplies and cleaning chemicals across all provinces of Canada. GFS Canada is one of the largest foodservice distributors in Canada.
Now, there seems to be several leadership styles within the company, dependent on the department that you were in. Each of the new leaders are much more aggressive and want to expand clientele and product lines. Willis, the new CEO is more of a collaborative leader. In this form of leadership, Willis has worked with the VPs of each department hoping to capture their full potential.
Is Pretentious Petit Four bakery’s covenant terms reasonable and enforceable? Will Guy have to delay his plans of a new bakery and cooperation due to the employment covenant he signed?
The political/legal segment focuses on the influences groups and organization has on the government and how the government influences them as well. While this country is still faced with a down economy, Starbucks CEO, Howard Schultz, wants to set a trend and “redefine the role of business in society” (Dolan, 2011). He is asking for companies to get involved in the education and training for society’s workforce in an effort to help decrease the unemployment rates and put people back to work. He believes it is the responsibility of the business community “to serve the communities where we do business by helping to improve, for example, the quality of citizens’ education, employment, healthcare, safety, and overall daily life….” ((Dolan, 2011). In addition, The Starbucks Foundation is partnering with
Organization leaders should understand that employees are not only economic beings motivated by money but are also social beings motivated by social factors such as love and conducive working culture (Marquet, 2015). Sinek focuses on the various means of bringing the balance back in our organizations so that companies and the individual workers can work side by side in a symbiotic affiliation with each other. For example, Sinek points out an example of a CEO named Bob Chapman, whose major focus was building workers who are capable of doing extraordinary things (Sinek, 2014). Considered a people-centric leadership style, Mr.
Given the effect a CEO can have on a company's success, we can understand why their compensation packages
Despite numerous controversies between board trustees and employees within organizations, Earl Martin Phalen was influential leader in not for profit and for profit sections. With his experiences, skills, and characters, he contributed enormously commitment in his founding organizations: BELL and Summer Advantage . He showed his strong feeling of enthusiasm and motivation in his previous organizations that impacted on the country’s children, families, and educational system. Because of his experiences, ROAR offered him the position of CEO. Should Earl became CEO of ROAR?
Immediate Concern A successor has to be found to replace the retiring Jack Welch, as no suitable candidate has yet been determined. This is becoming a concern for shareholders who want to realize the same returns they have been receiving under the Welch regime. The new CEO needs to be dynamic to lead this complex organization, and sustain the rate of growth realized during the Welch era.
We begin with layout our marketing objectives for the plan followed by the situation analysis to evaluate the internal strengths and weaknesses of the bakery. We also do research on the factors that are threat for growth of the business and identify the challenges which are obstacle in the path of business and this will help us to find the proper way of segmenting and targeting the customers market according to their requirements. Further it aided us in formulating marketing mix for a better position in the market mix. Finally our marketing ends with the finding of marketing strategies and evaluating the key performance of market evaluation. We hope that this marketing plan help the “Cupcake Central” for
General Mills, as one of the Big Three companies that focused on diversification of consumer goods on cereal division, restaurant chains and packaged consumer foods. In 1994, the cereal industry was profitable and had been one of the most concentrated industries overall historically, and the big Three company had a dominant position in this industry. However, the problem was although the high profitability attracted fewer entry company due to the high entry barrier restrained by joint monopoly of the Big Three, they were facing the threat of private label companies which grew fast in market share by sales and volume. Therefore, what is General Mills strategy to increase revenue while dealing with the threat of private labels. This is a critical issue because General Mills need measure the trade-offs among strategies, and this determines whether General Mills would still be one of the top players in terms of market shares in the industry.