Assessment of the Internal (Micro/Operating) Environment What is the organization’s current strategic vision? * Southwest Airlines has a mission‚ vision‚ and Triple Bottom Line Commitment to performance‚ people‚ and the planet. * The mission of Southwest airlines is dedication to the highest quality of Customer Service delivered with a sense of warmth‚ friendliness‚ individual pride‚ and Company Spirit. * The strategic vision includes a low-price and no-frills strategy‚ with a low-cost
Premium Airline Southwest Airlines Low-cost carrier
Principal Agent Problem Running a business can be a tricky expenditure in today’s society. As we know a business can only be successful economically if they are bringing more money than they are putting out. Owners of businesses realize that positive economic profit is essential to the livelihood of their businesses. As with every business‚ employees are hired to do specific tasks that the owner assigns for them. However‚ with employees comes the responsibility of managing them. This is where a
Premium Principal-agent problem Agent
Sustainability Change Agent Abilities Required to Help Create a Sustainable Future In order to be a successful sustainability change agent‚ an individual must have the following: 1. 2. 3. Knowledge of the environmental‚ economic‚ and social issues related to sustainability (understanding); A value system and self-concept to support and under gird the actions of a change agent (motivation); and Change agent abilities (skills). Change Agent Abilities: The following is a listing of change agent abilities
Premium Education Leadership Higher education
norms‚ as well as learn good moral values. It is also a very influential socialization agent in our life. A norm is what is generally accepted among society but not necessarily a law. For example not picking your nose at a restaurant is not a law but it is the norm and if you were to do so you would get some very disturbing looks. Values are what we learn as the ?right? thing to do. Again these are not laws just values established through every one of our socialization agents. School taught me many crucial
Free High school Education Sociology
the shareholder-principal conflict with manager-agents known as the principal-agent problem. To mitigate agency problems between senior executives and shareholders‚ should the compensation committee of the board devote more to executive salary and bonus (cash compensation) or more to long-term incentives? Why? What role does each type of pay play in motivating managers? There are several dimensions to the principal-agent conflict. Principal-Agent Relationships exist whenever one person or party
Premium Board of directors Management Principal-agent problem
CHAPTER 19 CORPORATIONS 1. – THE NATURE AND CLASSIFICATION OF CORPORATIONS A corporation is a legal entity created and recognized by state law. It can consist of one or two persons identified under a common name. CORPORATE PERSONNEL When an individual purchases a share of stock in a corporation‚ that person becomes a shareholder and owner of the corporation. Shareholder and corporations are liable. THE LIMITED LIABILITY OF SHAREHOLDER One of the key advantages of the corporate forms
Premium Corporation
AGENCY 1. DEFINITION OF AGENCY "Agency is the relationship that exists between two persons‚ when one‚ called the agent‚ is considered in law to represent the other‚ called the principal‚ in such a way as to be able to affect the principal ’s legal position in respect of strangers to the relationship by the making of contracts or the [sale or purchase] of property." So‚ an agent is someone who represents another‚ called the principal‚ in dealings with third persons. Agency is therefore an
Premium Contract
Celebrities have a moral responsibility to be good role models for the society‚ would you agree? First of all by using the dictionary the main definitions can be broken down; the definition for a celebrity is ‘a famous or well known person’. The definition of moral responsibility is ‘the idea that a person has moral obligations in certain situations.’ The definition of a good role model is ‘a person whose behaviour‚ example‚ or success is or can be emulated by others‚ especially by younger people
Premium Human Earth Shahrukh Khan
When did civil disobedience ever require moral responsibility? Civil disobedience is when people peacefully disobey the law. Now since when that was ever a moral responsibility. Moral responsibility is standards the we have to keep. Civil disobedience should not have to be a moral responsibility. Other places feel different when it comes to the justice system. Other countries run the complete opposite of how americans do it. Like for example‚ Singapore feels that no one should fail to exhort it
Premium Law Civil disobedience Martin Luther King, Jr.
a travel agent is to avoid having to do all the research and planning yourself. Agents must be leaders and be able to take charge over all arrangements in order to bring clients’ dream vacations to fruition. 2. Computer Literacy * Helpful travel information is acquired by computer and travel publications—from weather conditions to travel documents‚ money exchange rates‚ local customs and popular tourist attractions. Proficient computer skills are a must. In particular‚ agents must skillfully
Premium Travel agency