corporation’s responsibility to society. Today society demands social responsiveness of businesses in the marketplace. A businesses’ failure to act socially or ethically responsible‚ in some cases‚ could form the foundation for its own peril. My paper attempts to define social responsibility‚ discuss views and theories‚ and provide case examples where businesses respond to situations in the global marketplace. The argument that corporation’s responsibility to shareholders to maximize profits as a sole objective
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is more than just “telling and selling.” Marketing is managing profitable customer relationships. The twofold goal of marketing is to attract new customers by promising superior value and to keep and grow current customers by delivering satisfaction. Hence‚ marketing is defined as the process by which companies create value for customers and build strong customer relationships in order to capture value from customers in return. Today‚ marketing must be understood not in the old sense of making
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Chapter 3: Developing Service Concepts: Core and Supplementary Element | Overview of Chapter 3 * Planning and Creating Services * The Flower of Service * Planning and Branding Service Products * Development of New Services | I. Planning and Creating Services * A service product comprises all elements of service performance‚ both tangible and intangible‚ that create value for customers * The service concept is represented by: * A ________________ * Accompanied by ________________
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Importance of Core Values The core values of a person are characteristics that define that person. Everyone should know clearly what are their core values and why they have it. The values of a person are formed throughout his life and suffer external influences from family‚ friends‚ teachers and the society in which that individual grew. The core values of people show who they really are and guide their choices throughout their lives. As Gandhi once said: “Your beliefs become your
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CORE FITNESS Summary Core Fitness is a fitness facilities and equipment provider‚ operating in Central Pennsylvania. After finding that refurbishing and resale of fitness equipment to home gyms could be a lucrative business‚ the company decided to seriously look at it as a business. Further to this‚ Core is now discussing a proposal to reclaim and refurbish unused and unwanted exercise equipment as a complimentary service for their health clubs. Sandy Knight feels that this proposal could allow
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Task two is the second task that applies the results of the Marketplace Simulation. In my simulation I named the company Airborne. I used a very conservative approach in all four quarters. The company did not have to borrow any money or pay any carrying charges for inventory. I did however‚ lose sales in all quarters due to higher than expected sales and product demand. Loss of sales can cause ill will and can cause you to lose customers permanently. However‚ the increased demand can also create
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The term “Core competence” was first put forward in the 1990. In the book The Core Competence of the Corporation‚collaborated on by famous management experts C.K. Prahalad and Gary Hamel. It points out‚ “Core competence is optimized knowledge and skills inside some organization‚ especially regarding how to adjust diverse manufacturing skills and optimize different technologies and skills.” In their view‚ core competence first of all should provide the enterprises with the potential to enter different
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Organizations develop strategies to gain a competitive advantage. One way an organization establishes competitive advantage is through the use and development of core competencies. Core competencies are the value created activities that allows a company to achieve efficiency‚ quality‚ innovation‚ or customer responsiveness (Jones‚ 2010). Two specific core competencies that give an organization a competitive advantage are functional and organizational resources. Functional resources are simply the skills
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Assignment: * Critically evaluate core Transactional Analysis (T.A) concepts and practice * Assess personal and professional learning from this module. The first part of this essay starts by outlining the key concepts of T.A.; its assumptions‚ theory of personality and ego-states‚ transactions‚ strokes‚ games and the Karpman Drama Triangle‚ life scripts and existential life positions. It then goes onto critically evaluate core T.A. concepts and practice from the perspective of Humanistic
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Core Banking System Meaning:- Core banking is a general term used to describe the services provided by a group of networked bank branches. Bank customers may access their funds and other simple transactions from any of the member branch offices. Core Banking system or CBS is one of the recent developments in the field of banking‚ and has proved to be very useful. It is a facility provided by banks in which a person‚ having an account in one branch‚ can operate his account‚ in another
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