The Pillars of Business’s Philosophy

In this week’s discussion I will review the ten business principles as defined by Greg Fisher. I will then choose three principles to discuss. I will then explain the business principles that are utilized in my facility, as well as those that are not currently utilized. Upon describing the ones not utilized, I will then give examples on how they can possibly be implement into the facilities practice. In closing I will discuss what principles are and which ones are not important to healthcare system.

Yes the company reflects its mission statement and the reason why i said yes are as follow:

The main purpose of the Integrative Learning Project (ILP) is to introduce an authentic or fabricated company/industry to research. The company’s organizational setting includes the mission statement of the company, who the internal/external customers are, what aspects can

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.

Because no organization is immune to the constant forces of change, uncertainty and complexity, those forces should be channeled to drive and fuel the competitive landscape. The core values serve as its foundational strategy. “A strategy, at its essence, attempts to capture what the company wants to be and how it plans to get there” (Morris, 2011, p. 206). In order for an organization to cohesively work toward a common objective, a strategic plan must be put into place. The strategy should reflect core values and identify

* What organizational structure, management processes, and philosophy will foster superior performance from the company’s business units?

corporate-level strategy you think is most important to the long-term success of the firm and

As most great companies know, Progressive understands they are successful because of their people. They adhere to the vision, mission statement, and core values building trust with associates. These business philosophies provide focus to associates about what is important. With few top leadership changes, Progressive has been able to send a clear and consistent message to its associates letting them know they are valued.

The difference that Exxon Mobile is making is huge in the business world. Companies all over the world will study and research Exxon Mobile because of how well they are doing each year as an organization. Another difference that this company is making in the world is that it provides gas to consumers and other products. Allowing consumers to use their business to fill their tanks of with gas is making a difference because people respect and need Exxon Mobile in many ways. Therefore according to the four business components we can see that Exxon Mobile is perfecting at least two of these components already. The third business component states that your organization should allow you to be yourself. Exxon Mobile produces quality employees and strives for them to act and be their best. This company allows employees to be themselves and constantly grow within the business. They want and hope that the employees they hire follow all of the guidelines to how they run their business but they also want the employees to bring creativity to work with them. Challenges and new ideas are very important to Exxon Mobile, employees have the opportunity be promoted by overcoming things such as these challenges and also if they can bring new ideas and perspectives to this business. The fourth component of business focuses on having a higher power to make sure you have help. An example of this would be an executive director,

Every company has their own theory and goals behind what they overall want to see or become. This paper is written with intent to help better understand a real life situation that took place at Guitarras Dominquez. When a company first opens their doors for business, they use high end material to show the essence of quality in their product which will allow for growth in their customer base. Do you ever wonder how a company gets far in doing so? Intention from the start of a business does not include cutting corners and saving money, but eventually with budget cuts and business plans they tend to become necessary.

High-performing organizations do not achieve their success through serendipity; success in the business world requires a planned and coordinated effort on the part of the workforce. This effort springs from abilities of an organization’s leaders. The entirety of the Business Policy Seminar has been an exercise in

Business should be market oriented that means to get a better place in the competitive market by providing better quality.

To begin with, Chapter two covers three important aspects of the business world which are competitiveness, strategy, and also productivity. These particular aspects are very important for any company to succeed in the world of business. With that being stated, any type of firm such as a manufacturer or a service provider, they must employ these three aspects because they play an important role in growing revenues. For an organization to even be considered successful, they must have a competitive advantage which leads to a strategy that will meet the company’s goals, while having the knowledge-ability to help produce the goods and services in a cost effective manner. Also, it is known that most organizations have a single state called the Mission Statement. The mission statement basically summarizes these three aspects of a company. One question that the Mission Statement should address is, “What level of business are we in?” This mission statement is categorized as the absolute basis for the organizational goals.

As I seek to enter the workforce/company, one of the first things that I wish to remember is the importance the company has placed on their strategic planning and goals. How decisions made by this team will directly affect the operations, finance, accounting, purchasing and administrative departments. The things that help to make any organization successful, are the value the organization places on their strategic, and operational goals. Therefore, before taking a position with a company I hope to learn as much as I can about the various functions of the company, and how each department works with the next in order to achieve these goals. Thus, I hope to use the knowledge I have gained in this class in operations management to access the company’s operational strategies. This should be reflective in their mission and vision statements as well as their financial reports. I would also look for the value they place on ethics, corporate responsibility and giving back to the community. I feel a company’s success will be directly tied to how effective they are in meeting the daily challenges of processes/production/service, operations, and sales. The value placed on these specific areas will be evident by their success and reflective in both their short and long term goals, in their financial statements.

What brought me to have a passion for business was my leadership skill set. As a child I always knew what I wanted my profession to be, I get electrified whenever I learn something new or see businessmen in their suits. I have come to realization, this job has a lot of components and it is an everyday challenge, although I have a great fondness for competition as well as challenges. The philosophy of business management considers the fundamental principles that underlie the formation, operation, and the everyday challenges of a business enterprise.