DISCUSSION FORUM
UNIT 6
BUS 3304
As a successful retail company, SportsMax is known for its quality sporting goods equipment and excellent customer service. With 100 stores located throughout North America, the company strives to maintain its competitive edge by maximizing sales revenue while keeping costs low. This is where store managers come in. Each store manager is tasked with submitting their estimates of sales revenue, costs, and resulting profit in order to help the company establish its operating budget for the year. Robert Manning, the manager of one SportsMax retail store in Chicago, is currently facing an ethical conflict in regards to his budget submission.
As a store manager, Robert has the responsibility of ensuring that his store meets or exceeds the company's budgeted profit. If he exceeds this profit, he is eligible for a bonus equal to 10% of actual profit in excess of budgeted profit. However, in order to achieve this bonus, Robert might be tempted to overestimate his sales revenue or underestimate his costs. This could lead to inaccurate budgeting and put his store at risk of falling short of the company's expectations.
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I can do this by emphasizing the importance of honesty and integrity in all aspects of the company's operations. By creating a culture of transparency and accountability, Robert will feel more inclined to provide a budget that reflects his store's true sales revenue and costs. In addition, I can offer incentives that encourage accurate budgeting, such as bonuses for meeting budgeted profit targets without inflating the
C., Fraedrich, J., & Ferrell, L. (2015).Business ethics: Ethical decision making & cases (10th ed.). Mason, OH: Cengage. O 'Sullivan, Arthur; Sheffrin, Steven M. (2003). Economics: Principles in Action. Upper Saddle River, New
The company selections for this project were based on company history and the type of products and services they provide. Each of these companies, (General Motors Company, Target Corporation and Werner Enterprises, Inc.) officers a different type of product or service and manages inventory, if any, using different accounting methods. General Motors Company is a car manufacturer that designs, builds, and sells various vehicle models as well as vehicle parts and financial services available to customers during and after a vehicle is purchase (10-K Report, Page 1-5). On the merchandiser side, Target Corp. has managed to become one of the most popular retailers selling a variety of products at affordable prices. Part of its strategy is to differentiate itself from other competitors, provide a unique shopping experience and effectively
has been a successful specialty athletic retailer for many decades. This company’s marketing mix utilizes many marketing strategies that have lead this company to be one of the most successful and profitable retailers in sport apparels in the nation. According to A status quo pricing objective may be part of an aggressive overall marketing strategy focusing on nonprice competition-aggressive action on one or more of the P’s other than price. Some companies that sell through the Internet originally thought they’d compete with low prices and still earn profits and from volume (Cannon, McCarthy, & Perreault, p. 445).” The stores often offer customers promotions and discounts.
Consumers often go through a decision-making process when they're looking to buy products. In the search for information phase Anthem must make sure that their data is available to potential consumers. When consumers watch TV, Anthem should continue to produce marketing commercials and keep improving their website and utilize the social media outlets as another way to shape the decision for consumers to purchase Anthem. Also, buying the search engine option so when individuals are searching for health insurance options this will allow the company to be the first choice available. Evaluating the alternatives allows Anthem comparison to other competitors in the market.
The National Collegiate Athletic Association (NCAA) is an organization that is responsible for the health and long-term success of their collegiate athletes. The NCAA is comprised of 1,121 colleges and 99 voting athletic conferences. Although the NCAA is very big and has the attention of a ton of people, this does not stop the organization of committing unethical practices. In my paper I will discuss how the ethical complication that arises are two very big issues in collegiate sports at the present time and that is the non salary payments to the athletes and the exploitation off the athletes despite the billions of dollars in profits that the NCAA intakes annually off of their athletes names. The issue of fairness, autonomy and social responsibility
Lance Armstrong is dealing with an Ethical dilemma because of his position in life. Being a successful sport man made him more and more popular in people’s world. To lose that would cost him too much. The love that fans have for him, if he confesses his transgressions, he would lose them. On the other hand if he fights and still lie, that would cause his family unnecessary strain.
In 2014, there were over 460,000 National Collegiate Athletic Association (NCAA) student athletes competing in 23 sports in the United States. The total annual NCAA College revenue was $10.6 billion. The NCAA annual revenue generated from tickets sales was $5.6 billion. The NCAA annual revenue from rights agreements, which ranges from broadcasting, social media and sponsorships, came up to $433 million. These figures represent the economics of the NCAA, a commercialized industry (NCAA Statistic Verification, 2015).
Sports Law Midterm I. (A) After reviewing the case that was given to us, I do not believe we have enough valuable information to fully comprehend what had happen that night Sarah Smith got struck in the head with a hockey puck. But given what we do know, there is no way that Sarah’s estate can bring a claim against the Blue’s organization for hiring Kyle Albert. It was clearly an accident, there was no way Albert had intentionally deflected the puck into the stands to purposely hit Sarah. On the other hand, Sarah’s estate can bring a claim to the Blue’s organization for owning the hockey arena because it obviously wasn’t a safe area for fans to be in.
Ethical issues in sports Sports in today’s world have gained a lot of importance and there have been a lot of additions to sports in the form of new rules, policies the way it is meant to be played etc. Though many stringent laws are framed, implemented and monitored there are always some sort of issues in the way the sports activities are carried out. Regardless of the level of participation some of the players resort to unethical ways of winning the event. The attitude towards the sportsmanship has changed significantly over the years.
Ethics is the heart of leadership. Unfortunately for years now in sports being basketball or football, especially in the college level if you are not getting results as a head coach, you could be fired. It does not matter if you have a respectable program with student athletes graduating and the academic progress report (APR) is at an all time high for the university. The only thing that matters in getting wins and going to bowl games. What is the right thing to do?
SPORT OBERMEYER, Ltd. EMBA – SEPT 15 – ENG-BL – S2 TEAM A 1. Using the sample data given in Exhibit 10, make a recommendation for how many units of each style Wally Obermeyer should order during the initial phase of production. Assume that all ten styles in the sample problem are made in Hong Kong, and that Obermeyer 's initial production commitment must be at least 10,000 units. (Ignore price differences among styles in your initial analysis.)
Sport managers are responsible for the moral decisions that govern an organizations behaviour. An individual must understand that certain decisions may be right or wrong when it comes to situations in life. Since the 21st century, sport has developed an increase in talent, many individuals choose to make unethical decisions to benefit themselves. It is also important to allow every individual an equal opportunity to be a part of a sports team unless reasons exist otherwise. When choosing a team, evaluation should be based on skill, personality, and prior behaviour.
This might provide a larger customer base for Athlete’s Warehouse. 3. Deficient inventory of competitors – As Colin states “According to my estimates there are at least 3000 people in this market area are willing to pay good prices for good quality merchandise. These people are not being serviced by the existing businesses”. (Howse, B. 1992).
Nike is a clear example of a company whose previously unethical practices led to bad PR and motivated them to get involved in CSR. Similarly to Bowen’s concept of the evolution of CSR, Nike too has gone through an evolution that first started from profit focus, then progressed to community affairs, and finally to their now sustainable business (one of the carroll citations - not entirely sure if you’re supposed to put in citations twice though). In the 1990’s there was a lot of controversy surrounding Nike, this was mainly due to their profit focused initiatives and lack of ethics. Nike initially had hyper-growth in the 1970’s and early 1980’s.
The success for athletes is based on the number of fans and sponsors a player has. Sports organizations rely on the records of the teams and not the player that work to death to make those wins. The athletes of a team don’t get paid enough from their team's commissioners so for their money they rely on their sponsors. To make sports famous the sports organization relies on sponsors and fan bases. The fan bases and sponsors invest in the sports organization instead of the teams.