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Integrity in business ethics
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Recreational Equipment Incorporated (REI) is a company that does far more than producing top-of-the-line gear for experiencing the outdoors. Not only does this business have a unique and almost unheard of dedication to its values and purpose, but also manages & leads its employees with great wisdom and skills both common and exclusive when compared to successful organizations. While sporting goods such as Big 5 and Dick's Sporting Goods may be more common, what happens “backstage” at REI is more than enough reason to favor it over its competitors. And that's not even the entirety of its superiority!
REI began its thriving drive way back in the 1930's through the pioneering of Lloyd and Mary Anderson. After undertaking an unreasonably difficult search merely to purchase a reliable ice axe, Lloyd Anderson and his wife decided to establish a cooperatively-owned group for producing and selling outdoor gear. Six years after the establishment of REI in1938 (by the Andersons and 21 of their fellow outdoors-people), the co-op secured its first retail location: a few shelves in a Seattle gas station. Today somewhere around 10,000 employees represent REI in 128 retail locations and numerous support and production facilities, (not included in the 128).
Success has followed REI throughout its existence. Progressing from gear such as traditional water-absorbing tents to the camping gear that they sell today, REI is an innovative cooperation that claims to try its best to well-equip its customers. Why has it been so successful? Perhaps the primary reason is that it has remained passionately dedicated to its purpose: “To inspire, educate and outfit for a lifetime of outdoor adventure and stewardship.” From instruction, to voluntee...
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...ing employees to participate in the enjoyment of the outdoors, to reinforcing REI's core values of authenticity and integrity, it is clear that the company is successful in leadership. Employees well-led are employees who are more productive and motivated to do their job (O'Hair 157-159).
As a leader that is successfully embracing its cause of loving the outdoors and equipping others to experience it, REI has also had to pour a lot into its employees to achieve its current standing. Its good organizational and communication skills, as well as its core values and standards are a key part of its triumph in meeting and expanding its goals. Along with its dynamic and energetic culture, the formal and structured aspects of working at REI are made enjoyable in an original way, giving a new perspective to a person's job, and making it a great place to work & have fun.
"News From the FMO." Why We Do Tent Inspections. City of Manassas Fire and Rescue Department, 2012. Web. 6 June 2014.
Abstract Patagonia's mission statement is, to use business to inspire and implement solutions to environmental crisis? Patagonia is a clothing company that focus is on selling environmentally safe outdoor apparel. This papers focus is on the history of Patagonia their environmental marketing strategies and their competition. There has also been some outside research done to see what the public perception of Patagonia is. Introduction Patagonia's History In 1957 a young climber named Yvon Chouinard could not find pitons (a form of climbing protection) that he liked.
...r leaders are those who are both as passionate and in touch with the venture’s cause and idea as anyone else. However, the tricky thing for entrepreneurs to watch out for is to place too much value on any singular idea. This often causes us to shut out like-minded individuals and other sources that may improve upon our original ideas and frameworks.
Lowe’s tries to foster collaboration and strength in a variety of methods; many are through leadership training tracks and supporting employees and their families. During times economic uncertainty, it is important that individuals know that they an organization that cares and supports them. In a comprehensive report released by Lowes, the company detailed improvements Lowe’s achieved in important focus areas, including the health, safety and engagement of employees, the company’s advancement towards its 2020 goals and its partnership with suppliers to maintain the highest ethical standards and improve the products it sells (Lowe’s Companies, 2015a). According to Lowe’s Companies (2015a), “For the first time in Lowe’s annual Employee Opinion Survey, all of its U.S. stores, distribution centers and customer support centers all reached the company’s benchmark engagement goal of 65 percent, indicating a highly engaged and satisfied staff” (para 4).. “Career Bliss recognized Lowe’s as one of the 10 happiest retailers to work for in 2014” (Lowe’s Companies, 2015, para 5). To keep an organization running efficiently and effectively, you need a good customer base; you cannot achieve this without helpful, courteous and willing employees. Lowe’s understand that to keep up in the industry, they need to ensure they employees are taken care of
Ralph Waldo Emerson once said “In the presence of nature, a wild delight runs through the man, in spite of real sorrows.” The outdoors gives a man or woman a place to escape their normal everyday lives. A person can do countless activities and hobbies while he or she is outside enjoying nature. But where can you go to gear up for a day in the wilderness? Cabela’s Inc. is easily the most popular and versatile place for a consumer to go and get everything they need for an outdoors adventure in one place. Cabela's attracts customers to its stores by expressing their passion for the outdoors and offering a variety of products for outdoorsmen and benefits consumers with the convenience of having everything they need for an outdoor adventure
(Potential $loss if reduce price = 94962.yr but losing market would be a bigger problem.)
Industry – According to IBIS World’s Campgrounds & RV Parks Market Research Report, camping is a five billion dollar a year industry with stable growth expected in the next five years especially with the growing retiree population. Then, The American Camper Report indicates that 2.5 million people went camping in 2011 spending a total of 534.9 million days camping (The Outdoor Foundation, 6). However, when looking at the future of camping, fifty-five percent of campers say that the biggest challenge to camping is finding the time to get away (The Outdoor Foundation, 58). Also, the camping industry has a high turnover rate of sixteen percent meaning that current campers are stopping; however, there are more new campers trying it for the first time to still get an increase of over two million campers in 2010-2011 (The Outdoor Foundation, 10).
American Eagle Outfitters is a fairly new company but they are doing extremely well because they have a clear grasp of who their target market is. They posses a fresh new hip look with great quality clothing at a reasonable price for consumers (http://www.prism.gatech.edu/~gte201w/aeostrat.html). This is one of the main reasons why teenagers and young adults are so attracted to the company. American Eagle is aiming to appeal not only to the targeted 20 year old but also consumers between the ages of 16 and 34 years old. This will widen the gap between their major competitors because they are trying to appeal to more segments than just one. American Eagle seeks to be assessable, fashion orientated, and has a strong value proposition, which has allowed the company to thrive and take shares from competitors over the past five years. Not only is their clothing line very comfortable, bold and fresh, the store layout and atmosphere is also major key factors in American Eagle’s success over the recent years. AE also has a strong competitive advantage because of their short lead times and their ability to position themselves in high-visibility, high-profile locations in key markets. American Eagle’s cycle time is about five months from design to delivery, versus about nine months for The Gap and six months for Abercrombie. AEOS minimizes lead times by maintaining sourcing relationships with a few key manufacturers and producing much of the merchandise in North America, versus 9% for The Gap and a minimal amount for Abercrombie. AEOS has the ability to quick-source some of its simpler product categories in order to react quickly to sales trends. (http...
Ron Johnson spent a great deal of time and money to promote his ideas of “stores-within-stores” by turning floor space into an area to house several branded boutiques. He did this in order to attract a target market of a wider demographic which includes age, gender, and generation. One of the m...
As all organizations are striving to meet goals and objectives of the business, so must any comprehensive staffing strategy. Applying this to Tanglewood, the leadership realized that the business must remain competitive with their rivals of Kohl’s and Target. Even so, the company’s culture and values has set them apart, where employee involvement, engagement, and recommendations have been truly valued.
Leadership is the vehicle used within organizations to point the workforce towards achieving organizational goals. Therefore, in today’s marketplace, it is imperative that organizations have a workforce that can achieve these goals and that they also have leaders that can energize their workforce by cultivating an environments of high morale.
In fact, it is the culture of motivated and empowered entrepreneurial employees that makes Nordstrom’s culture unique (Spector & McCarthy, 2012). There are less rules and procedures for Nordstrom’s sales personnel than in other retail organizations. Their sales clerks also operate with a certain level of autonomy, running their departments almost as if they are private stores (Mello, 2015). This overall strategic approach to HR keeps training costs low, and consequently the cost of turnover is also minimized. This is important, as Nordstrom’s turnover, due to the level of internal competition and entrepreneurialism this type of retail strategy requires, is one of the highest in its market (Mello, 2015). The high turnover rate makes HR planning an important factor in ensuring a stable workforce that can create and maintain ongoing customer relationships (Spector & McCarthy, 2012).
Have you ever thought how all those water bottles, orange juice bottles, shampoo, conditioner, Gatorade or other common bottled goods you use every day get filled with the associated product or how the cap is put on or how the label is applied? Well that would be the job of the Monoblock Filler and Capper system developed by Pneumatic Scale Angelus. Pneumatic Scale Angelus is a global privately held company based out of Stow, OH that makes packaging equipment used by your everyday companies like Nestle, Tropicana, Johnson & Johnson and many more. One of their most common sold packaging equipment products is one of the most important within the vast industry, the monoblock filler and capper system.
People always talk about how important it is for companies to have a good leader, someone who not only keeps the blue numbers, but also achieves a loyalty from customers, pleasant working environment, successful business partnerships and ahead of the competition.
Patagonia is a long-standing outerwear clothing company. From camping gear, to light fleece, to extreme insulated jackets, Patagonia has been one the main outdoor clothing companies in the last 20 years. It was originally founded by rock climber, Yvon Chouinard, whom created climbing equipment out of his own garage. It then grew to a multinational scale and now they are supplying stores all over the world. But with this large expansion, Patagonia prides itself on the lack of carbon footprint they have. They use recycled materials in their jackets, and they also donate one percent of their profits to the conservation of the environment. The nature-centered ideology is one that has been passed down from generation to generation