My Capacity For Knowledge About The Business World

The company has mission, vision as well as core values. Its mission focuses on creating a conducive environment where guest satisfaction is its highest priority. Its vision focuses striving hard in order to surpass its own accomplishment for the purpose of recognition in the industry as the leader. Lastly, its values are passion of excellence, integrity, respect and responsibility, people, service-Mindedness, Dynamic leadership and high performance (Kliman, 2006). The company's mission, vision and core values help in bringing together all the employees towards achieving a common goal. In addition, they help them to remain focus to certain objective (Gabriel, 2008). This has

The degrees to which these values are upheld also pose as a challenge to management and employees. Although both parties may agree to these established values, employees may be faced by situations where their personal and cultural values may contradict with the degree as to which the organizational values are upheld. The main challenge here is setting priorities among the values and objectives of the organizations or the people involved. Making the best decision suitable for the situation and the people concerned requires critical analysis of the factors (values, objectives, and people) involved.

This strategy should focus on the vision, mission and culture of the company in a Christian perspective. Managers should focus their company principles on integrity and excellence. Companies with integrity concentrate their goals in doing the right thing instead of work for a profit from their customers, these organization with integrity will make its business decisions based on the standards and principles of God righteousness, truth and honesty. Companies that focus on excellence as their main point has a commitment to offer an excellent service to their customers and make them feel valuable to the company, this type of strategy make them extremely successful in the business world. Therefore, organizations with these types of Christian principles is more likely to success. Their purpose of doing the right thing for their communities give them an advantage on the business market. Also, the appreciation of hard work is rewarded in different areas as fair compensation, performance recognition, and providing growth opportunities, both professionally and personally to their workers. It has been determined that organizations that recognize the needs of their people and create opportunities for them to fulfill those needs are able to bring out the very best in

A company creates value for its customers and attempts to differentiate its offerings from its competitors in the market. The performance goals/metrics are set by leadership which is concurrent with its business strategy.

The founders of the corporation were executives with high standards of integrity, religious convictions, respect and care for its employees, customers, and the community. According to Hess & Cameron (2006), the leaders feel that they should live the values, share the vision, make others successful, as well as, manage the business. They are committed to the organization’s culture and values based on putting people first and integrity.

Howard Smith discusses that a core centered ideology focuses on taking lessons from nature and applying them to the business environment. Firstly, balance and harmony, in the business environment a leader must establish balances between work, life, families and the community. A leader must also ensure that their business practices respect the balances between the environment. Secondly, a sense of community. For a leader, a sense of community creates a powerful unit. All employees and co workers are treated as equals, and that their opinions, input are valued equally. Furthermore, connectedness. A strong leader must ensure that business units are connected. This means ensuring that the businesses logistics, and supply chain units are operating as smoothly as possible in order to ensure efficiency on the business side, as well as to ensure minimal destruction of the environment as possible. For example, predicting the cyclicality of the business cycle in advance in order to minimize trips needed to get supplies on shelves to meet demand. Lastly, the sacredness of life. In order to connect with nature a leader must “Recognize work as a means to living a life, not the end for which life is lived” (Smith, H. L, p. 392, 2003). In order to ensure this, a leader must treat all of their employees and co workers as individuals and that profit and wealth must take a back seat in order to ensure that these individuals can live a comfortable, spiritual and happy life. Howard Smith

An essential component of leadership is to articulate and exemplify the organization's core values. These values must be clear, compelling, and repeated. The leader must both "walk the talk" and inspire his/her colleagues within the organization to also live these values. Values are at the core of individual, group or organizational identity. Values are relatively enduring conceptions or judgments about what is considered to be important to an organization. Agreement between personal and organizational values result in shared values which constitute the benchmarking of a successful business practice.

Coming into this course the concept of Malcolm Baldridge core values had always been touched on but was never the centerpiece of any class I had taken before like it was in this one. Business 401 not only focused directly on the core values but also how to implement them in our careers after Post University. Throughout this course, I have learned many lessons from my classmates and the material that have not only made me a better student but a better leader. While most of us in this class are a management major we all are really striving to become leadership majors because without leadership a manager will never reach he or she 's full potential. Let me explain exactly how this course improved my management abilities.

Stakeholders are suggested to take risks for rewards and improve the economic value of company. The framework encourages that companies operate

Student Answer:       Corporate values and morals important to an organization. Espoused values contribute to the development of normal standards of the organization for how it conducts business now and in the future. They are established by the founder of a new or small company and by the top management of a larger company (Kinicki, A. & Kreitner, R. 2012 p. 63). Sergio Marchionne has developed a strong reputation for challenging the traditionally bureaucratic nature of management in car manufacturing in the US and Italy. He has also succeeded in building effective relationships with key stakeholders (e.g. trade unions, governments) as part of two substantial change management aerogrammes. He then streamlined senior leadership and asked most of his remaining 15 direct reports to lead more than one function, knowing that the increased work load would yield faster decision making. Marchionne also gave his team full authority to take risks without bureaucratic barriers. People were trusted

The core values of a company set the foundation of an organizational culture, which in turn provides employees with a sense of direction and an overarching guideline when it comes to decision making, workplace behavior and ethics. Given its unique function, it is not hard to see the importance of having strong and effective core values in place. However, by simply coming up with a written set of values is definitely not enough to achieve the desired effect; it also requires the effective communication and continuous cooperation of the management. For instance, if the management does not continuously emphasize and manifest these values in their words and through their actions or if there are inconsistency in the values that the management promotes and the decisions that it actually makes, then the employees could easily get confused amidst the conflicting culture. As a consequence, employees may become inefficient and unproductive as they would not know how to differentiate what should and should not be done.

It is necessary as well for a company to have values that keep them in line with their vision. An example of a good vision statement for Heinz would be, “To be the market leader in across our brands in each region”. This sounds like a goal which it is, but it is not just a goal that can be achieved in a short-time frame. It usually takes between 10 to 30 years. An interesting point that is made in the article, “Building your Company’s Vision,” it states, “Listen to people in truly great companies talk about their achievements-you will hear little about earnings per share.” It is important for a company to make a profit or else their business will eventually fail, but having employees accomplish their goals as well as the company goals is just as important. In order to fix what is missing in the problem at Heinz, there are necessary steps needed in order for proper implementation.

CEOs in the business world today are in a precarious position. They are accountable to shareholders to keep profits high while avoiding any scandal or implication of shady dealings. CEOs are also accountable to stakeholders to ensure business practices are acceptable for all parties. Stakeholders are those that are required to keep an organization functioning, such as employees and customers. It is the responsibility of top leadership to ensure the success or failure of the organization is not solely judged by profit margins. Leadership must provide stakeholders with a road map for the organization. “Individual and organizational character is strengthened if the mission of an organization is clear, if workers have maximum opportunity for growth, and if the larger social conditions allow corporations to thrive without resorting to underhanded tactics”(Terris, 2005). If an organization puts employees and customers ahead of shareholders, the organization can be more successful in the long run. Employees that feel wanted and

It is important to exhibit and practice good leadership qualities to have people willingly follow your instructions. Companies not only need good leaders, they need good managers as well to controls resources and expenditures to allow the company to prosper. There are many different models of management strategy that corporate management can follow to assist them in helping their company evolve. Process-based management, corporate entrepreneurship, and Total Quality Management (TQM) are some of them, just to name a few.

When examining the values of a company, one must take into account the different metrics which make up the way that a company is perceived. Vision, Image, and Culture of a company must be aligned in order for a company to achieve an optimal result. When there is a gap in the cohesiveness of these aspects, a company will experience setbacks