Sunday, January 26, 2020
Difference Between Boycotts and Lockouts
Difference Between Boycotts and Lockouts Difference between boycotts and lockouts 1- INTRODUCTION Human Resource Management (HRM) is the function which works within an organization .It focuses on recruitment of staff, managing them and giving them direction to the employees who work in that organization. Human resource management can be performed by line mangers (Tesco superstores line manger performs the duties of human resource management ).Human resource management function includes several activities and key among them is deciding to use independent contractor or hire employees to get the job done .Ensuring they are high motivating, able to work in a team and dealing with performance issues. Human resources management also include employee benefits and compensation and managing your approach to employees records and personnel activities. Managing human capital means to conquer and to maintain people in the organization, who will work and give the maximum of themselves, with a positive attitude. The following work will attempt to answer the question Do you think boycotts and lockouts are two other anti-impasse weapons sometimes used by labor and management? An impasse occurs when the parties arent able to move further toward settlement. Sometimes, a strike occurs. Responding to the strike involves such steps as shutting the facility, contracting work, or possibly replacing the workers. Third party involvement namely, arbitration, fact-finding, or mediation- is one alternative. Examine the steps you will undertake as part of the HR management team, in order to answer this question this project will open with a review of the literature that has been written on the issues raised by the question above. It should be noticed that a vast amount of writing has been done on this issues but only a few of them dimmed to provide the most benefit to the purposes and intend of this assignment have been sited. Those countries their economy is operating full employment the bargaining power of the worker is strong and his employer is weak. When there is short fall of full employment then employer is more stronger than employee. In this case employees are compulsory to accept employer conditions. It is recognized that the right of workman to strike is an essential element in the principle of collective bargaining. In a non unionized work place, managers use their discretion in organizing work, selection, promoting and training people and other duties of human resource management but it can be change if the worker join the union. Once the join the union they comes across so many agreement and knowledge about employment relationship. Union main demand is all of its representatives are getting right wages ,no job cuts ,no over load of work They have an interest in work related learning and employee development. 2-BOYCOTT A group refusal to have commercial dealing with some organization in protest against its policies, usually it happens because of political reason. In other words boycott can be defined as a rejection of an individual, cop ration or nation to give political and social pressure for change. Example 1: Swadeshi Movement Against British Rulers In 1905,when India was a part of British empire ,a boycott of foreign goods was declared, which is known as swadeshi movement..Indians boycott all British products, to setup local stores where only locally manufactured goods had been sold. They could use British products but it was against their sovereignty. This movement was a good step for their freedom movement. (www.india_resource.tripod.com) Example 2: United States Boycott Against French Products In 2003,France tried to stop bush administration to build international support for a war to depose saddam hussain.In response united states have declared a boycott of French products specially French wine. French wine producers claims their sales are effected in united states because of boycott. (www.nber.org) Example 3: Greenwich Council Workers Boycott Against New Office In Greenwich council six hundred staff reused to work because there was no security screens on new office entrance .They have boycott to work in new office because of security reason. (www.personneltoday.com) Example 4:International Campaign The international campaign organized against A E Stanly, the corn processing plant in Illinois in early 1990s when 10 12 hours four days weekly shift was introduced. The campaign entailed a boycott of important A E Stanley customers like Tate Lyle, Pepsi and miller. (Scullion and Lineham, 2005). 2.1 TYPES OF BOYCOTTS There are two different types of boycotts Those in which users , consumers, or member register their disappointment through avoidance. Those in which an individual or organization takes a leadership position by increasing an active campaign against a product, service, company or organization. 2.2 Silent boycott Silent boycotts are unorganized boycotts spread by gossips in revenge of number of reasons and hit the company before they realize what is happening. Example 5: Toys R Us Boycott Toys of Violence Toys r us, was the subject by silent boycott. Their top management decided not to sell toys of violence like toy tanks, guns, aircraft and similar products. They did not sit with their customers. As a result their market shares never fully recover. (www.boycottnet.com) Example 6: IBM Vs Compaq IBM became target of a successful silent boycott, because of its superiority in which they have treated self-directed distributors. In a result Compaq computers became a very serious threat. (www.boycottnet.com) 2.3 Focused boycott Its simplest term, it involves dissecting the problem into its components and then zeroing in on the most vulnerable point. Example 7: Slaves Boycott Sugar Products The earliest example of focused boycott was in England when slaves boycott sugar products. In 1791, when parliament refused to eliminate slavery and result of this boycott sugar sales dropped by third and half. (www.ethicalconsumer.org) 3-Lockouts When an employer withhold work and denies workers to access their work place. Its a strike by management to induce settlement to a labor dispute on employers terms. when several employers take this action together its called shut down or joint lockouts. A lockout is defined as being the act of an employer in: Closing the employers place of business, or suspending or discontinuing the employers business or any branch of that business; or Discontinuing the employment of any employee; or Breaching some or all of the employers employment agreements; or Refusing or failing to engage employees for any work for which the employer usually employs employees; and Is done with the view of compelling employees, or to aid another employer compelling employees to accept terms of employment or comply with the demands made by the employer. 3.1 REASONS OF LOCKOUTS There can be many reasons of lockouts such as: When union goes on strike and employers want to put pressure on union for reducing the number of members who are able to work. employers can announce a lockout until the strike ends. Another case is when an employer mat compel a lockout to avoid slow down or irregular work stoppages. Example 8: Golden Reach Factory Lockout Its Workers In year 2003, between march and September when the management of golden reach factory in India locked out,1400 of its workers in response to strike called in protest. The golden reach factory is a subsidiary of unilever an Anglo Dutch conglomerate ,unilever has never declared a lock out in Netherlands conglomerate seems to have different policies towards labor, depending on the country which its operates. (www.britannica.com) 4-STRIKES Union and labor associates use strike as weapon to get their demands accepted. Its starts when bunch of workers want to push pressure on their employers, they cease work until they get there demands accepted by employers. In an industry when trade unions and labor associates denies to work until they get their demand accepted is called strike. In a strike people are agreed to stop their work and protest against their employers or government to put pressure on them to pay rise or any other changes they want make on their work place. 4.1REASONS OF STRIKES Trade union and labor associates calls strike for several reasons such as: Salary and incentive problem Increment is not up to mark Dissatisfaction with company policy Dismissal of a staff wrongly Withdrawal of any privilege or concession Hours of work Paid holidays Provident and gratuity Minimum wage dispute Environmental problem on work place Example 9: Royal Mail Strike For Wages Royal mail strike called in because of jobs cut, services, wages, benefits and privatization .Strike is hitting postal services. Communications workers union (CWU) said 25,000 workers participated in this strike. That was the biggest strike after 2007.Major cities (London, Edinburgh, Ipswich, Bristol, Birmingham) got effected of this strike. Workers are protesting against ââ¬Å"panic drivenâ⬠cuts being made at royal mail to pay job and services. It effects customer trust on royal mail. Postal workers are fed up because of lacking ability of management and their behavior. Royal mail has accused the union of reneging a modernization deal that ended the 2007 strike. (www.guardian.co.uk) Example 10: RMT Vs TFL RMT(rail maritime and transport workers) is largest of the four unions which deals with TFL(transport for London).RMT wants to cancel their contract with TFL because they redundant RMT workers. Even they denies to pay rise.RMT wants a guarantee to protect job of its members.RMT workers called a strike because their demands were not accepted. It effects all the people of London who travel by public transport. (www.guardian.co.uk) Example 11: British Airways Staff For Redundancies British Airways chief .executive (Willie Walsh) has given three weeks notice to BA staff to agree job redundancy and pay cuts. He offered his staff to voluntary redundancies because company is fighting for its survival. As a result strike occurred.BA passengers faced difficulties for traveling. Most of the flights were cancelled. That was the worst time for British airways and still not fully recovered. (www.guardian.co.uk) Example 12: National Strike Against Economical Policies 19 March 2009,union have called for a strike in France ,to protest against French president Nicolas Sarkozys wrong policies in the economic slump. More than 1.2 million people came on the streets. Employees from the private sector and civil servants demonstrated in the cities from Paris to Marseille, schools have been close and transportation have badly effected. President Sarkozy has offered 2.6 billion euro (3.5 billion dollor) tax cuts and aid to unemployed and law paid workers unions in France demanding for more to protect their workers in the recession time when unemployment has reached 2 million and its expected to increase further. Bernard Thiboult ,general secretary of the confederation general du travel. The country 2nd largest union have said if the government says we will not change the policies then there should be no surprise if climate gets tougher. (www.bloomberg.com) Example 13: Massive Strike In Italy April 2002, millions of employees have ceased work and went for strike against government plans to giving special powers to the employer to hire or fire employees easily. The strike was called by three main unions of the country which has brought parts of the country to stand still. Union said rallies in Rome ,Milan, Bologna ,each rally had a crowd of more than 200,000.It was the first all day work stoppage in 20 years. Schools ,banks were remain closed all day even the public transport ,buses ,rails ,air and sea has stopped. There was no live TV no news paper were published. Prime minister silvio Berlusconi said after the strike that he is ready to start talks with union leaders but he insisted that reform of the labor laws was necessary. (www.bbc.co.uk) Example 14: Protest Against Bridgestone The international campaign against the Japanese tyre Bridgestone which is subsidiary of firestone. The workers were replaces with their substitute workers. (www.laborrightsblog.typepad.com) 4.2 TYPES OF STRIKES There are several different types of strikes such as: Sit down strike Slow down strike Economic strike Sympathy strike General strike Sick out(sick in) strike Wildcat strike 4.3 Sit down strike Its a strike when workers do not absent from work place. They dont leave control on production facilities but do not work. This strike is also known as pen drop strike or tool down strike. In this type of strike employees shown up to their jobs but they refuse to work and refuse to leave, in these circumstances they make it very difficult for their employers to resist against union and take control of area. Example 15: ACPA On Strike for Pay Rise In Pakistan(Punjab) more than 2.2 million clerks went on a pen drop strike on call of APCA(all Pakistan clerk association). According to the press release more 2.2 million clerks protest against government and to support their demands regarding their pay rise. They demanded that government should increase the salaries of lower sub- ordinates to the inflation rate. (www.dailytimes.com.pk) 4.4 Slow down strike In this type of strike employees do not stop the work they remain on their jobs but they control the rate of productivity in organized manner to pressure on employers. Example 16: Chief Justice Of U.S Wants More Salary Chief justice of united states district court judge (Carl B. Rubin) went on slow down strike when congress refused to increase his salary more than 51% to reply that only he only hear two cases usual ten cases a month. (www.washingtonpost.com) 4.5 Sympathy strike When employees of one unit , industry, factory go on strike to support employees of separate but related industry, profession, unit is called sympathetic strike. Example 17: Renault 1997,French Motor manufacture company Renault announced the closure of its Belgium production plant at Vilboorde, company dismissed almost 3100 workers without consulting with workers representatives. The colure of the company leads another 1000 redundancies among supplies and subordinates. Unexpected colure of the company in Belgium generated very high level of sympathy action not only in Renault workers across the Europe but also car workers in Belgium were fearful of the same fate. Representatives of the unions of France, Belgium and Spain met and agreed to seek the reasons of the colure of the plant at Vilvoorde and find all possible legal avenues. They organized one hour strike and involves the union of Portugal and Slovenia . Car workers in France, Spain and Belgium protest against Renault, Their plants in 3 different countries were hit by one hour work stoppages. workers of related motor manufactures industries like Polo ,Opel and Ford in Belgium staged sympathy actions. (www.eurofound.europa.eu) 4.6 Sick out(sick in) strike When all the members of union called in sick at the same day is called sick out strike. They dont break any rules but sickness of majority of the staff at the same day leaves very strong impact on employer, that if the staff really went on strike. Example 18 : Air traffic Staff On Strike For Wages In 1969 when united states air traffic controllers called in sick strike because of wages and condition. The traffic controllers walked out and stay out of job for three weeks and called in sick, attempting to avoid the legal penalties for striking. (www.libcom.org) 4.7 Economic strike In this type of strike labor stop their work and put pressure on their employer to increase their economic needs like wages and bonus. Example 19:Lublin Strike In 1980 the workers of eastern city of Lublin (Poland) went on strike for increase of their salaries and cheap prices of food products. July 1980 almost 50,000 local workers from more than 150 companies went on strike. Its also called Lublin strike. (www.tnn.pl) 4.8 General strike It means a strike by all members of union in the region or an industry. This strike can called in by all the members of the union in the region for their common interests. In these types of strikes workers intend to put pressure on the government. Example 20:Union And Non Union Worker On Strike In the year of 1934 in san Francisco union and non union workers went on strike. They have protest against police and employers tactics that had killed two picketers. (www.newdeal.feri.org) Example 21: Trade Union Conflict With Coal- Owners A general strike had occurred in 1926, By the trade unions of great Britain. they were supporting miners federation in their dispute with coal-owners Government had granted a year subsidy to the coal-owners because of the bad state of coal-mining industry and set up a commission of inquiry under sir Herbert Samuel. the commission suggested a scheme of reorganization the industry as soon as practicable when government subsidy was due to expire the coal-owners made up their mind that they are not going to employ the miners except lower rate and longer hours, but they did not give them any proposal until after expiry of the notices, and then did not include any plans for considerable reorganization to result of this trade union congress called a conference of its unions and reported that there is no alternative to a general strike majority of the organized workers stop their work, essential services partially carried on by volunteers acting upon plans outlined by government in the light of railway strike 1919 and miners strike 1920 (www.historybookshop.com) 4.9 Wild cat strike This strike takes place by employees with out the authority and permission of union. Example 22: Prison Officers On Strike Hundred of prison officers went on strike to support their colleagues in HMP (Liverpool). The prison staff at Cardiff, Preston and wands worth are expected to stop work unless managers agree to talk with prison officers association Staff at Liverpool are on unauthorized strike. (www.news.sky.com) 5) Collective Bargaining The process through which members of management and the union meet to negotiate a labor agreements. According to Dessler(2005), the good faith refers to the conditions of both partiesto make every reasonable effort to arrive at agreement good faith bargaining may include the following Surface bargaining Inadequate concession Inadequate proposals and demands Dilatory tactics Imposing conditions Making unilateral changes in conditions By passing the representative Committing unfair labor practices during negotiations Withholding information Ignoring bargaining items Example 23: Northwest Airlines has refused to negotiate with mechanics union representatives because of a reason that their representative have met with mechanics union representatives three times before but they did not respond on their proposal. (Dessler, 2005). Example 24: Employer international union has said that baryant college representative are not fully responsive on the issues of wages, respects and benefits. 134, unfair labor claiming that baryant college negotiators are failed to negotiate with union. (Dessler, 2005). 6)Intervention of the third party When the parties fail to handle the situation then they want to refer this matter to third party. 6.1 Types of intervention 1) Mediation: Mediation is a third neutral party which only arrange a meeting with both parties ,listen both parties issues and try to bargaining common points. Mediation dont have any authority to come to decision .They just offer a settlement package. 2) Fact finder: Fact finder is a neutral third party which deals only to study the issue and make public recommendations for settlement. 3) Arbitration : Arbitration is the only powerful intervention because arbitration has a authority to give them decision for settlement. 4) Conciliation : Conciliation has no power, their role is only to clarifying the issues and offers advice. 7- Recommendations These are the following steps to helps company to come out from this situation. 1) Salary: Company have to make sure employees dont have any issue with their salaries. Their salaries should be on time. Every six months their contract should be renew and give them a pay rise. That should be good step to make them happy .They will be more productive. 2) Bonus: Company should give bonuses to their staff. like Christmas bonus. It would be a step to motivate them. 3) Benefits: If employee are getting benefits like discount card, pensions, insurance and other benefits then employee cannot think for strike. 4) Job guarantee: Employees should have a job guarantee. IF they have a job guarantee they will be more loyal with company because they know their job is secure and employer fulfills all their demands. 5) Paid holidays: Employee should have a privilege of paid holidays. Its the extra benefit that employees are getting from company. This way employees have a relief from work and makes them more energetic to work after holidays. 6) Dismissal of the wrong staff: Company must have rules and regulations for their staff. Do not dismiss any member of staff. who does not deserve to be dismissed. If there is a situation then try to observe then make a decision because wrong decision effects on companyâ⬠s image. 7) Redundancies: If company is running with any financial crises and want to redundant staff , then company should give them one month notice , give them redundant pay according to law. 8) Dissatisfaction with company policies: Employees must be satisfy with company policies. They should not have any problem. If there is any thing which they think is not on the right place they should complaint and give suggestions to the management. 9) Hours of work: Employees working hour should be accurate. If they are working more than normal hours then they should get their time back or pay them as overtime. 10)APPRAISAL: Employee should get promotion at work. If they have skills employers should promote them with a good salary package. 8- Conclusion: The conclusion of this report is that strike, lockout and boycott are not healthy for company, Organization must have proper strategies to run a business . If there is good relationship between employee and employer then company will run fine. and organization will able to achieve its targets If company polices are not meeting staff requirements then they will disappointed and could take a step towards strike. Employer should always prepare to solve these kind of situations. IF strike occurred then it is a issue for employer, employee and organization. It effects. on everyone related to the company Its better to sit together and resolve the issues. Overall in labor relations worker should be happy working with their employer and employer should keep an eye on workers needs and their work. IF any of them fail to fulfill their duty then it can become a huge problem and one day worker can go for strike , lockout and boycott. Arbitration can try to solve the situation. Collective bargaining is step where they can control the problem.. They fix a meeting between employee and management and open channel for communication for each other. If collective bargaining fails then management need to prepare to deal with one of the anti impasse weapon strike. The best way is to resolve it with intervention. The main causes for strikes are wages, pay cuts, job cuts and wrong policies. If human resource management team properly control these factors then there is no cause for strike.
Saturday, January 18, 2020
Target Corporation Essay
Executive Summary: This case study analyzed five different projects Target Corporation had to decide on capital spent for which project created the most value and the most growth for the company and its shareholders. By analyzing the financial statements and exhibits of each project, I was able to determine the positives and negatives of each of these alternatives. The alternatives were Gopher Place, Whalen Court, The Barn, Goldieââ¬â¢s Square, or Stadium Remodel. The recommendation provided for Target Corporation is choosing the Stadium Remodel project. There were three main factors used for choosing this project. First, its low initial investment that makes the risk for Target much lower. Second, by implementing this project it continues the strong brand image Target has with its customers. Lastly, the Stadium Remodel project uses only a small percentage of total capital expenditures making it possible for Target to have more capital available for future capital expenditures. Table of Contents: Executive Summary ââ¬â Page 1 Situational Analysis ââ¬â Page 4 Alternatives ââ¬â Page 5 Recommendation ââ¬â Page 10 Appendices ââ¬â Page 13 Situational Analysis: Target Corporation has become a strong performing company in the retail industry in part because of its successful investment decisions and continued growth. That is why when Dan Scovanner, CFO of Target, and the four other executives in the CEC (Capital Expenditure Committee) meet it is of high importance. The approval or denial of CPRââ¬â¢s (Capital Project Requests) has the potential to set precedents that would affect possibleà decisions in the future. Every month the CEC meets to go over new CPRââ¬â¢s that could have a lasting impact on the short-term and long-term profitability of Target. For the month of November in 2006, there were five particular projects Scovanner knew were going to be the most highly discussed and evaluated. These projects involved four new store openings and one remodeling of an existing store. The new openings were Gopher Place, Whalen Court, The Barn, and Goldieââ¬â¢s Square. The remodeling of an existing store format into a SuperTarget was Stadium Remodel. To come to a conclusion on whether to approve or deny projects the CEC uses a ââ¬Å"dashboardâ⬠that has many factors. These factors include total investment size, NPV, IRR, population, population growth, and so on. The problem was whether capital was better spent on one project or another to create the most value and the most growth for the company and its shareholders. Alternatives: The first alternative for Target Corporation is the project Gopher Place. The positives of this project are that it will have the highest population increase from 2000-2005 at 27%. This increase is much higher than any other project and that means more possible customers and sales in the future. The market also has a favorable median income at $56,400 and projected sales growth is higher than the prototype. In addition, Gopher Place NPV Value is 18% higher (Appendix 1) than the prototype. Then, there are the negatives of choosing this project. First, the investment size initially looks within a typical investment level at $23 million. But, compared to the prototype this project is actually over $5 million more or 31% higher (Appendix 1). Gopher Place has the lowest population among the 5 projects given and has the smallest percentage of adults with four plus years of college at 12%. This is important because Target focuses on creating a shopping experience that attracts college-educated woman whom have children and are more affluent than the standard Wal-Mart customer. Also, Target already has stores within the area and the sales from this new project would derive 19% of its sales from surrounding area. Lastly, within the next few years Wal-Mart is expected to add two new supercenters, which would take up 76% of the market, compared to Targets 24% of the market. The second alternative for Target Corporation is the project Whalen Court. The positives of this project areà that it has the highest NPV, highest total R&P sales, highest population, and highest percent of adults with four plus years of college. First, Whalen Court not only has the highest NPV but they have the greatest opportunity. If sales increase by 10% it would be over $16 million more than the prototype. Second, this projects sales could be by far the greater than the prototypes of any other pro jects. The 1st and 5th year sales equivalents would be over $52 and $69 million respectively. Compare this to the other projects and they are 10ââ¬â¢s of millions more. Third, the Whalen Court project has the highest population at 632,000, which means they have the largest customer pool. Their population is almost three times greater than the second closest project. Lastly, this project has the highest percentage of adults with four plus years of college. This is very important because these are the customers Target is trying to attract the most. Now, there are some negatives of this project as well. First, the investment size is much greater than the typical prototype. It is actually 409% (Appendix 1) more than the prototype. The next closest project is only 31% more, which makes this project very concerning. Next, is the building cost versus the prototype. The project is for a lease of a building and the cost are very high compared to the other projects at over $15 million more than the prototype. Add in the fact that Target usually owns their store property and this project is already out of the ordinary. Finally, there is the IRR in value and st ore sensitivities. The Whalen Court project has one the lower IRRââ¬â¢s and it affects many things. Construction costs would have to decrease more than $41 million to achieve prototype store IRR. This is an extremely large number compared to the other projects. In addition, this projects IRR for sales is staggering. Sales would have to increase over 31% to achieve prototype store IRR. This is much higher than any other project. The third alternative for Target Corporation is the project The Barn. The positives for this project were small initial investment, good sales growth, high IRR and NPV value, and a new market. First, this project had the lowest investment cost out of all the projects at $13 million. The low investment allows for a larger return on investments for Target. Furthermore, this was the only project that had a higher NPV than total net investment. Second, The Barn had projected sales higher than the prototype. Itââ¬â¢s total R&P sales were projected to be over $2 million more than the prototype for the 1st andà 5th year. Third, This projectââ¬â¢s sales could decrease 18.1% and still achieve prototype store NPV. In addition, sales could decrease 23.2% and still achieve prototype store IRR. Therefore, the sales could not be as close to what was projected and still be greater than the prototype. In addition, The Barn had the highest IRR at 16.4%, which is what shareholders and investors want to see. Lastly, this project would have Target enter a new market. The closest stores were 80 miles and 90 miles away. Now, the negatives of The Barn project are its population increase, median income, percent of adults with four plus years of college, and competition. First, this project location is only supposed to have a 3% population increase from 2000-2005. This is the lowest out of all the other projects. Second, the median income is the lowest amongst the five projects at only $38,200. Thir d, the percent of adults with four plus years of college is among the lowest of the projects at 17%. Therefore, this location isnââ¬â¢t exactly the customers Target usually tries to attract. Lastly, the competition in this area is very steep. Within a few years there will be a Wal-Mart Supercenter, Samââ¬â¢s Club, and Kmart taking 87% of the market. Thus, Target will only control 13% of the market. The fourth alternative for Target Corporation is the project Goldieââ¬â¢s Square. The positives of this project are lower investment size, lower building cost, affluent and faster growing population. First, this projectââ¬â¢s total net investment is $694,000 less than the prototype. Second, it has a lower building cost than most of the other projects with only $313,000 more than the prototype. Lastly, the location for Goldieââ¬â¢s Square has the second largest population at 222,000 and it will increase by 16% from 2000 to 2005. This means this location has potential growth for Target. Now, the negatives for Goldieââ¬â¢s Square are the projects NPV and IRR, projected sales, and the market. First, the NPV for this project are the lowest of any of the other projects by far. With only $317,000, Goldieââ¬â¢s Square would 6,156% (Appendix 1) lower than the prototype. That percentage is astronomically larger than any other project. In addition, it has the lowest IRR of all the projects at 8.1%. Both this low NPV and IRR have a major affect on what the projected sales need to be to achieve prototype. Sales would have to increase respectively 45.1% and 47.2% to achieve prototype NPV and IRR. These are the most of any other project and would be very difficult to achieve. Lastly, the market for this project seems to beà fairly saturated. There are already 12 Target store currently in this market and could possibly go up to 24. In addition, a large portion of the sales (25%) would be taken from the surrounding stores. Finally, in the next few years it is projected the competition in this market will be high. Target is projected to only have 17% share of the market. The fifth alternative for Target Corporation is the project Stadium Remodel. This is the only remodeling project and its positives are lower total net investment, projected R&P sales, median income, percent of adults with four plus years of college, and customer loyalty. First, the initial investment amount would 46% (Appendix 1) better than the prototype which is the best of all the projects. In addition it is one of the lower investment costs therefore it wouldnââ¬â¢t cost the company as much. Second, the projected R&P sales are better than the prototype. The post-remodel sales projects a 17% sales lift for this store. This remodeling could really boost sales at this store making it more profitable in the long-term. Third, the median income for this market is the highest at $65,931. In addition, this project has one of the highest percentage of adults with four plus years of college at 42%. Both of these statistics fits Targets customer type very well. Lastly, this Target store has been in the market since 1972 with loyal customers. The support for this store is there it just needs to not hurt the brand image by not fixing the deteriorating facilities. The negatives of this project are higher risk and completely not fulfilling Targetââ¬â¢s main objective. First, this project has the second highest sales risk of the projects. If the sales decline by 10% then the store NPV would decline by $7.85 million. This is a higher risk then some of the other projects that have to be considered. Lastly, the main objective of Target Corporation is to meet the goal of adding about 100 stores annually while maintaining a positive brand image. This project would help maintain a positive brand image but it also would not be adding towards the goal of 100 stores a year. Recommendation: Based on the alternatives analyzed I believe the best alternative is the Stadium Remodel. I came to this conclusion based on many different factors. First, I took Targetââ¬â¢s strategy into careful consideration. Targetââ¬â¢s strategy was to consider the shopping experience of the customer as a whole.à The corporation refers to customers as guest do there best to fulfill the slogan, ââ¬Å"Expect more. Pay less.â⬠Target focuses on creating a shopping experience that attracts college-educated woman whom have children and are more affluent than the standard Wal-Mart customer. Therefore, when I saw the Stadium Remodeling project had the highest median income and second highest percent of adults that had four plus years of college, I knew this was a project Target would strongly want to consider. In addition, one of Targetââ¬â¢s main objectives is maintaining a positive brand image. This store was already successful at a strong long-term location serving an affluent fami ly-oriented customer base. By remodeling this store, Target is able to build the strong brand image among its loyal customers. In addition to maintaining a strong brand image, Target wonââ¬â¢t have to use much of its budget for capital expenditure. In Appendix 2, it shows how the Stadium Remodel project will only use .49% of the total capital expenditures budget. This is the second lowest percentage among the five projects. Also, the low investment cost will make it possible to build 205 more stores at this cost if they wanted to. Therefore, the lower cost of this project will make it still possible for Target to keep its goal of trying to open 100 new stores annually. In conclusion, I believe this project would be the best chose based on a low initial investment, maintaining strong brand image, and using only a small percentage of total capital expenditures. If Target truly were about brand awareness and building a loyal customer base then they would have no problem choosing the Stadium Remodel project
Friday, January 10, 2020
Ethical Dilemmas for Counseling
Ethical, Legal, And Professional Issues In Counseling ââ¬â Presentation Transcript 1. James F. Whittenberg, M. Ed. , CSC, LPC Rivera High School, Brownsville ISD Doctoral Candidate, Capella University, Minneapolis, MN Counselorââ¬â¢s Institute, South Padre Island, TX January 27-29, 2011 2. This presentation is intended to raise awareness of ethical, legal, and professional issues in counseling and reduce the risk of unethical or unlawful behavior that might result in legal complications for counselors.Participants will be asked to be actively involved in group discussions pertaining to ethical dilemmas. Guidelines and recommendations for ethical decision-making will also be provided. Goals and Objectives 3. Definitions Ethical Decision Making Model Meta-Ethical Principles American School Counselors Association. (ASCA, 2004). Ethical Standards for School Counselors. American Counseling Association. (ACA, 2005). Code of Ethics. Texas State Board of Examiners of Licensed Professi onal Counselors. (LPC, 2010). Code of Ethics. Case Studies of Ethical Dilemmas Overview 4.Morality ââ¬â Morals influenced by cultures and beliefs Ethics ââ¬â Set of ideal standards and rules of conduct expected of individuals in specific professions Law ââ¬â Rules of society enforced by government Best Practice ââ¬â Practicing in the most competent way possible Reasonableness Standard ââ¬â Each person owes a duty to behave as a reasonable person would under the same or similar circumstances Professionalism ââ¬â Abiding by moral principals, ethical codes, legal statutes, best practice, a strong ethical decision making model, and the reasonableness standard Definitions 5.Identify Problem Apply Meta-Ethical Principles Apply Strictest, Current Ethical Code Apply School/District/Agency Policy Consult with a Supervisor or Colleague Consider All Consequences Define Course of Action Corey, Corey, & Callanan (2007) Issues & Ethics in the Helping Professions . 7 th ed. Pacific Grove, CA: Brooks/Cole. Ethical Decision Making Model 6.Beneficence: Do good to benefit society Nonmaleficence: Do no harm to clients Autonomy: Freedom of choice & Control of oneââ¬â¢s life Justice: Fairness and Equitable Fidelity: Responsibility of trust & faithful commitments Veracity: Truthful and Honesty Corey, Corey, & Callanan (2007) Issues & Ethics in the Helping Professions . 7th ed. Pacific Grove, CA: Brooks/Cole. Moral Principals 7.Counseling relationship & Non-therapeutic relationships Confidentiality & Privacy Professional Responsibility Assessment & Testing Research & Publication Records (maintenance & access) Duty to Warn / Imminent Danger Advertising, Fees, Gifts, & Bartering Informed Consent & Disclosure Group Counseling Ethics, Law, Professionalism, & Competency Commonalities: ASCA, ACA, & LPC 8. American School Counselor Association (ASCA, 2005).Ethical Standards for School Counselors . http :// www. schoolcounselor. org/files/ethical%20standards. pdf R evised from 1998 to 2004 Emphasis: multicultural competency; legal statutes; accountability; student and parent rights; advocacy Aligned with the ASCA National Model Academic, career, personal, and social development Use of ââ¬Å"studentâ⬠instead of ââ¬Å"clientâ⬠Inclusion of ââ¬Å"guardiansâ⬠along with ââ¬Å"parentsâ⬠American School Counselor Association
Thursday, January 2, 2020
The Contribution of Different Approaches to Psychology for...
Psychology is a vast field which consists of theories and approaches where it involves certain assumptions on human behavior. How they function and the aspects of the behavior that needs to be studied, in addition to the research methods that are needed to be followed in order to understand it thoroughly. These approaches provide characteristic viewpoints and emphasize different factors. These approaches have contributed towards the development of modern psychology in various ways. There are many historical approaches that lead to determining of psychology to the field it is today. Structuralism arose as the first approach in the history of psychology.it was the study of sensation and perception that set up our consciousâ⬠¦show more contentâ⬠¦Skinner mentioned that some behavior could be described by the personââ¬â¢s intentions and therefore arise for a justification and that the positive reinforcement and the negative reinforcements and the punishments are the three main behavior modeling aspects .classical conditioning was demonstrated by Ivan Pavlov where he conditioned the dogs to salivate to the bell through continued association of the sound of the bell and the food. In the day today or modern psychology the theories of classical conditioning have been applied in many therapies. This consists of systematic desensitization for phobias where the phobias are effectively overcome in steps. And today the theory of classical conditioning is also used in aversion therapies in the world of modern psychology. Today the theories of behaviorism are applied in health settings, where therapists and counselors make use of the techniques to support and treat different illnesses. The biological theory believes that all most all the behaviors are inherited from one generation to the other and that it has an adaptive function.it is an approach where the psychology is taken in a more scientific manner. The biological approaches have led to the understanding of th e human brain in a more clear view and it has significantly helped to improve different brain disorders like schizophrenia. In addition to it the biological findings have helped in the psychiatry worldShow MoreRelatedThe Development of Counseling and Psychotherapy1862 Words à |à 7 Pagesonset that though the development of theories relating to counseling and psychotherapy was still taking place at the beginning of the 20th century, it is believed that the foundation for the same was laid long before this period. In that regard, Sigmund Freuds contribution to the counseling and psychotherapy field cannot be overstated especially when it comes to the study of the human mind. In this text, I concern myself with counseling and psychotherapy and its development over time from a socialRead More Social Psychology Essay1687 Words à |à 7 PagesThere are many explanations for the origins of modern social psychology. It is therefore important to consider that social psychology cannot be traced back to one single source of origin (Burr, 2003). Hence, this is the reason why there are debates of what social psychology is. Allport (1985) described social psychology as the study an individualââ¬â¢s thoughts, feelings, and behaviours which are influenced by the actual, imagines, or implied presence of others. As seen from this definition there isRead MoreThe Founding Of The First Laboratory By Wilhelm Wundt Essay797 Words à |à 4 Pagesof the first laboratory by Wilhelm Wundt in 1879 began the fascination for psychological research. Psychology had not yet became a science until Wundt realized that human activities can be examined through careful observations, manipulations, descriptions, and control aimed at measuring/ predicting behavior. Early on psychology was about the study of behavior and mental processes. Today, psychology ranges from neural messages to cultural influences. Wundt adopted protocols from physiology and physicsRead MoreThe Theoretical Approache s Of Psychology1651 Words à |à 7 PagesPsychology is the scientific ââ¬Å"study of the mindâ⬠(Gross, 2015) and behaviour, which includes the study of humans and animals. There are various approaches in modern psychology. A theoretical approach is a perspective which is someoneââ¬â¢s view about human behaviour, there can be many different theories within an approach, however they all piece together the same assumptions. (McLeod, 2007). A theory is an attempt by theorists to try to explain behaviour. Theories are not facts but can be verified byRead MorePsychology Is The Scientific Study Of The Human Mind And Its Behaviors1625 Words à |à 7 PagesBy definition, Psychology is ââ¬Å"the scientific study of the human mind and its behavioursâ⬠. However, originally, Psychology did not begin as a science. The subject of Psychology began in 1879 when the first experimental laboratory was opened by Wilhelm Wundt. Since its establishment, Psychology has progressed into a w orld-renowned academic discipline with the formation of the first American experimental lab in 1883 and the first doctorate in 1886 which was presented to Joseph Jastrow, who became aRead MoreSocial And Cultural Context Of Psychology818 Words à |à 4 PagesKatja Gavrilina Define the term Psychology and discuss its history in light of social and cultural context, highlighting the significance of different perspectives in Psychology. Psychology is defined as the scientific study of mental processes and human behaviour. It had roots in philosophy and physiology, before becoming an independent scientific discipline in the late 1800 s. Descartes (1641) suggested that the mind and the body work separately, together creating the human experienceRead MoreThe Theory Of The Mind And Behavior1264 Words à |à 6 Pagestogether the infinite pools of facts about the history of Psychology. We can trace it back to its roots, held deep in philosophy; even ancient Greek philosophers such as Plato introduced the concept of Anamnesis, suggesting that we are born with imprinted knowledge. Aristotle, a student of Plato, theorized the concept that we were born a blank canvas and the development of our minds are sculpted by our experience, demonstrating that modern psychological debates of nature VS nurture, and interestsRead MoreAnalysis Of The Book Mcadams 1154 Words à |à 5 Pagesof different psychologists , he provide a real recollection of life stories and narrative approaches that recent researcher and theories have apply to understand human behavior. This article integrates recent theories and researchers of life stories as illustrated the investigation of self-understanding, personal memory, personality structure and change, and the relations between the personal lives and cultural. The article provides a numerous of psychologist stories and the contributions theyRead MoreInvestigating The Expository Qualification And The Debate Between The Personalistic And Naturalistic Position1574 Words à |à 7 Pagesimparted his plans in respect of personalistic and naturalistic position. As a major aspect of this task, the origination of the philosophical perspective was additionally examined, it clarified the improvement and how it develops to present day psychology research. How do the consequences of investigating and considering psychological research help our enthusiasm on individual conduct? Does it give significant proof on their revelations? In this circumstance, we regularly utilize the term historyRead More Behavioral Therapy Essay1843 Words à |à 8 Pagestreatment approaches are predecessors of the ancient and medieval philosophies and theories. Cognitive behavioural therapy as one of the modern treatment method in not an independently formed treatment, different theories have contributed to its present shape and application. The purpose of this paper is analysing the contributing treatment approaches that resulted in the emergence of the Behavioural Cognitive Behavioural Therapy (CBT). The paper presents and analyses the contributions that
Subscribe to:
Posts (Atom)