Ethical Professional Practice
1-4 p26
1. According to IMA’ Statement of Ethical Professional Practice, would it ethical for Perlman not to report the inventory as obsolete?
IMA’s statement states that if they are stealing report it to the police, in this particular situation they are stealing but not physically. If would be unethical if Perlman did not report if because this effect there financial gain. They are stealing indirectly which creates a gate for feature dishonesty.
2. Would it be easy for Perlman to take ethical action in this situation?
This decision would be entire up to her as the assistant controller yes it will be easy to report it but for the rest of the management team it will probably not be easy to give up a bonus. It would be good because …show more content…
she will not be discredited.
Reaserch & application 1-9
1. What is whole foods Market’s strategy for success in the marketplace?
Their strategy for success in the marketplace is due to their highly selective selection of organic products. Providing an empowering work environment for their team leaders and commitment to a sustainable agriculture. Their opportunistic real estate and acquisition strategy. Opening store in existing trade areas as well as new markets.
Does the company rely primary on a customer intimacy, operational excellence, or product leadership customer value proposition?
What evidence support this conclusion?
I think that is really on product leadership, customer value proposition because they wan to provide the highest quality of organic foods, satisfying their customers, keeping their team member happiness and excellence. Creating wealth, through profits and growth in addition to caring for their communities and environment. As it is stated in their core values it’s a balanced way of doing business. They consider the entire five equal in importance and deserving of equal consideration and attention.
2. What business risk does Whole Foods Market face that may threaten it ability to satisfy stockholders expectation?
Growth that is partially dependant on new stores opening and acquisitions, no assurance that their strategy can be successfully be executed. Finding the right qualified people to fill in these spots in no guarantee. Competition from national and conventional supermarket and specialty stores. Restaurants compete on the basis of price, quality or combination of both. Adaption od management, operating systems and information systems can hinder the operatin by failing to integrating in a timely manner. Adequate supply products to new stores at a competitive prices that stores can operate in a successful & profitable
manner.
2 Some of the controlled activities that the company could use to reduce these risks are do not give compensation (EVA) to management or CEO, for input on how to better the company, growth of new store, relocation expense to employees who move to new stores, implementing their talents and managerial skills, improve, and support new store growth. Quarterly operating cost results increased competition, be more aggressive in marketing, legal proceedings, identify all risk factors associated with the job and implement rewards for no accidents. To prevent loss of key personnel is to make sure your employee is satisfied and happy.
3.
Line Position Staff Position
Rolando Alas- Produce team leader Julie Birdsong-Project leader/central support
Sean Byrne-Meat team leader Dodi Steiniger-Director of operational finance
Omar Gaye- Store team leader Ron Stockman-Whole body coordinator
3. Compare and contrast whole food markets mission statement with the Jonson & Johnson credo shown on page 11.
Whole foods mission statements is longer break down what they believe in providing the highest quality at moderate prices. Insuring that their customers will be satisfied with overall quality service price and with respect to the ecological system. Also making the customer know that they are working with other suppliers to meet their needs. Addressing team member excellence. Johson & Johnson’s credo is short and brief and does not emphasize the important of the customer satisfaction and importance of quality. They are responsible to every individual versus team members. They are more individualize rather than a team, they elaborate about profits and address stock holders as their last priority, ensuring they make profits versus creating wealth through profits and growth.
4. Whole foods market mission statement clarifies customer values, and employee responsibilities. Provide quality products, service, promoting team leadership, and all associates such as Stock holders and stake holders, and community environment, responsibilities . The code of business ethics is addressing the way employees should behave while employed by WFM in STATE and OUT OF STATE. There are guidelines that apply to vendors who do business with WFM.
1. According to IMA’ Statement of Ethical Professional Practice, would it ethical for Perlman not to report the inventory as obsolete?
IMA’s statement states that if they are stealing report it to the police, in this particular situation they are stealing but not physically. If would be unethical if Perlman did not report if because this effect there financial gain. They are stealing indirectly which creates a gate for feature dishonesty.
2. Would it be easy for Perlman to take ethical action in this situation?
This decision would be entire up to her as the assistant controller yes it will be easy to report it but for the rest of the management team it will probably not be easy to give up a bonus. It would be good because …show more content…
she will not be discredited.
Reaserch & application 1-9
1. What is whole foods Market’s strategy for success in the marketplace?
Their strategy for success in the marketplace is due to their highly selective selection of organic products. Providing an empowering work environment for their team leaders and commitment to a sustainable agriculture. Their opportunistic real estate and acquisition strategy. Opening store in existing trade areas as well as new markets.
Does the company rely primary on a customer intimacy, operational excellence, or product leadership customer value proposition?
What evidence support this conclusion?
I think that is really on product leadership, customer value proposition because they wan to provide the highest quality of organic foods, satisfying their customers, keeping their team member happiness and excellence. Creating wealth, through profits and growth in addition to caring for their communities and environment. As it is stated in their core values it’s a balanced way of doing business. They consider the entire five equal in importance and deserving of equal consideration and attention.
2. What business risk does Whole Foods Market face that may threaten it ability to satisfy stockholders expectation?
Growth that is partially dependant on new stores opening and acquisitions, no assurance that their strategy can be successfully be executed. Finding the right qualified people to fill in these spots in no guarantee. Competition from national and conventional supermarket and specialty stores. Restaurants compete on the basis of price, quality or combination of both. Adaption od management, operating systems and information systems can hinder the operatin by failing to integrating in a timely manner. Adequate supply products to new stores at a competitive prices that stores can operate in a successful & profitable
manner.
2 Some of the controlled activities that the company could use to reduce these risks are do not give compensation (EVA) to management or CEO, for input on how to better the company, growth of new store, relocation expense to employees who move to new stores, implementing their talents and managerial skills, improve, and support new store growth. Quarterly operating cost results increased competition, be more aggressive in marketing, legal proceedings, identify all risk factors associated with the job and implement rewards for no accidents. To prevent loss of key personnel is to make sure your employee is satisfied and happy.
3.
Line Position Staff Position
Rolando Alas- Produce team leader Julie Birdsong-Project leader/central support
Sean Byrne-Meat team leader Dodi Steiniger-Director of operational finance
Omar Gaye- Store team leader Ron Stockman-Whole body coordinator
3. Compare and contrast whole food markets mission statement with the Jonson & Johnson credo shown on page 11.
Whole foods mission statements is longer break down what they believe in providing the highest quality at moderate prices. Insuring that their customers will be satisfied with overall quality service price and with respect to the ecological system. Also making the customer know that they are working with other suppliers to meet their needs. Addressing team member excellence. Johson & Johnson’s credo is short and brief and does not emphasize the important of the customer satisfaction and importance of quality. They are responsible to every individual versus team members. They are more individualize rather than a team, they elaborate about profits and address stock holders as their last priority, ensuring they make profits versus creating wealth through profits and growth.
4. Whole foods market mission statement clarifies customer values, and employee responsibilities. Provide quality products, service, promoting team leadership, and all associates such as Stock holders and stake holders, and community environment, responsibilities . The code of business ethics is addressing the way employees should behave while employed by WFM in STATE and OUT OF STATE. There are guidelines that apply to vendors who do business with WFM.