Publix Business Audit
Running head: Publix Business Audit
Publix Supermarkets
Stacy Jenkins
Warner University
Socially Responsible
Professor Shawn Taylor
June 28, 2012
Abstract
Since the establishment of Publix Supermarkets by George Jenkins, there has been a continuing participation of charitable giving to the community as well as the people who are employed. Publix is known for being very involved in the community and encourages the employees to be involved within the community. George Jenkins philosophy of charitable giving lives on even after his passing.
Publix Supermarket is a Fortune 500 company and known for their philosophy of pleasing the customer. George Jenkins is the founder of Publix he opened his first store in 1930 in Winter Haven, Florida. After several years of operation Jenkins purchased All American grocery store chain and relocated his headquarters to Lakeland, Florida (Publix, 2012). Mr. Jenkins was very good to his employees he offered bonus’ according to the profitability of each store. Publix also offers 401K plans to employees as well as life insurance and health benefits. From the very onset of Publix supermarkets George Jenkins goal was to be involved in the community by his philanthropy giving which included the company’s donations to the Special Olympics, March of Dimes, Food For All, and several other charitable organizations. The company has also implemented the product line of Green Wise and created “Get Into a Green Routine” (Publix, 2012).
By offering stock options to employees this allows them to become partial owners of the company and as a result encourages them to be more efficient. Knowing that the employee is a stakeholder in the company also motivates an environment in which employee ownership creates satisfaction with job responsibilities. George Jenkins recognized the social responsibility that philanthropy is only one focal point for the vision of his company. His transference from traditional philanthropy to a strategic
Publix Supermarkets
Stacy Jenkins
Warner University
Socially Responsible
Professor Shawn Taylor
June 28, 2012
Abstract
Since the establishment of Publix Supermarkets by George Jenkins, there has been a continuing participation of charitable giving to the community as well as the people who are employed. Publix is known for being very involved in the community and encourages the employees to be involved within the community. George Jenkins philosophy of charitable giving lives on even after his passing.
Publix Supermarket is a Fortune 500 company and known for their philosophy of pleasing the customer. George Jenkins is the founder of Publix he opened his first store in 1930 in Winter Haven, Florida. After several years of operation Jenkins purchased All American grocery store chain and relocated his headquarters to Lakeland, Florida (Publix, 2012). Mr. Jenkins was very good to his employees he offered bonus’ according to the profitability of each store. Publix also offers 401K plans to employees as well as life insurance and health benefits. From the very onset of Publix supermarkets George Jenkins goal was to be involved in the community by his philanthropy giving which included the company’s donations to the Special Olympics, March of Dimes, Food For All, and several other charitable organizations. The company has also implemented the product line of Green Wise and created “Get Into a Green Routine” (Publix, 2012).
By offering stock options to employees this allows them to become partial owners of the company and as a result encourages them to be more efficient. Knowing that the employee is a stakeholder in the company also motivates an environment in which employee ownership creates satisfaction with job responsibilities. George Jenkins recognized the social responsibility that philanthropy is only one focal point for the vision of his company. His transference from traditional philanthropy to a strategic
References: Publix Super Markets, Inc. | Partners and Sponsors | March of Dimes. (n.d.). Pregnancy, baby, prematurity, birth defects | march of dimes. Retrieved June 24, 2012, from http://www.marchofdimes.com/partnersandsponsors Publix. (2012). Welcome to publix super market. Retrieved from http://www.publix.com/ Special Olympics. Special olympics of florida. Retrieved 22 June 2012 from Special Olympics: http://www.specialolympicsflorida.org/support/fundraising-events-and-promotions.html. Thorne, D. M. (2010). Socially responsible business management. Mason, Ohio: Cengage.