Exploration of a Journal Article in Sociology Essay Example for Free

Exploration of a Journal Article in Sociology Essay Because we have a capitalistic economy, business is the main component of it. Business is in every corner of every sector of the market. Most everything you can possible think of that relates to the economy is business. Retail, services, agriculture, manufacturing, health care, even political campaigning all involves business. Even when civilizations were based on an agricultural type of economy, business transactions occurred The business I have chosen for this is Mc Donald’s. In 1974, McDonalds opened its first restaurant in the US. Today, more than 2. million people in this country place the trust in McDonald’s every day -trusting the Company to provide us with food of a high standard, quick service and value for money. Customer service is very important to the McDonalds because it says that they care about their customers. Customer service very important and vital part of any organization, which is selling goods, or service because it exists to satisfy customers Good customer service will bring you new and keep old customers but if you have bad customer service this will make customers unhappy and they will stop visiting you and the business will not have new customers. McDonalds operates in a very competitive market. It generally keeps its prices within a compatible range to its competition. What McDonalds can d There is more than one definition for corporate social responsibility. One way in which it can be defined is the obligation of organization management to make decisions and take actions that will enhance the welfare and interests of society as well as the organization (Daft, 2003). In other words, corporate actions have social implications, and managers have a responsibility to act in ways which benefit society as well as the organization (Body, 2005). The difficulty that most companies of today are facing is that investing money in order to become more socially responsible may benefit one of the company’s stakeholders, but have the opposite effect for another stakeholder. For example, investing money into the corporate social responsibility is very expensive in the short-term, so whether or not a company decides to become more socially responsible will depend on how willing the shareholders are to invest in such a project. However, the company could see an increase in profits in the long-term future if they were to do so. Nonprofit organizations should be present in the economy to create those services and goods that are necessary for people but are not profitable for companies to produce them. For-profit organizations pay taxes to government and it this way make it possible for nonprofit organizations to fulfill their role 3Energy conservation – Finding additional ways to enhance energy efficiency in restaurants in order to save money and lessen environmental impacts. Sustainable packaging and waste management – Continue exploring ways to decrease the environmental impacts of consumer packaging and waste in restaurant operations. Green building design – Enhance strict building standards to incorporate further opportunities for environmental efficiencies and innovation in the design and construction of restaurants. McDonalds have long recognized the value of minimizing their environmental footprint. This action is not only good for the world in which they operate, it’s a strong contributor to McDonald’s long-term financial success.

Economics, Accounting, Finance and Management :: MBA College Admissions Essays

Having a flair for Economics and accounting I have decided that I want a degree in Accounting and Finance or Management. The many brilliant representatives of the management community around the world have strengthened that resolve. When I worked in my school as a tutor of English as a Second Language for students from a community school in Muscat, I realized the importance of a strong leader who could organize, command respect, and be able to work well with others. These ideas were further enforced by my month long internship at Novartis Pharmaceutical (Accounts and Finance Department and Human Resources Department). I attended the Harvard Model Congress in Paris and won the Award of Distinction. One skill in particular that contributed to this award was my confident public speaking.    The last 4 months have been crucial in my learning of real world business and economics. For my IB Extended Essay, titled "To What Extent Does Subway in Oman Operate as an Oligopoly", I set out to prove the oligpolistic structure of the fast food market in Oman. In this effort, I have come across many real life complexities in pricing behaviour, profit making and other aspects of the Theory of the Firm. While attempting to explain these alternate theories of firms I have developed a keen interest in analyzing and understanding how the world of business works.    After an undergraduate degree in accounting and finance or management I plan to go onto post graduate studies and work on an MBA. A strong performance in a BA will allow me to move onto an MBA and only then shall I be satisfied.      For the last four years I have been part of our schools volleyball team ICE. We have retained our ISAC (Inter Schools Activities Conference, Middle East) title for four years. Playing in the power hitters (spiker) position requires immense physical fitness and to accomplish that I regularly go to the gym for fitness training. I am also part of my school track and field team. Being the fastest sprinter in the school since 11th grade the 100m, 200m and 400m races are my specialty even though I still pursue long distance running. In my spare time I explore and master the computer as I am conversant with a Visual Basic Programming course.

Bank of the Philippine Islands

BANK OF THE PHILIPPINE ISLANDS Bank of the Philippine Islands (BPI) is that country's second-largest bank, trailing only Metropolitan Bank ; Trust. It is also the Philippines' oldest bank and one of the oldest of all Asian banks. BPI offers a full range of commercial and retail financial services, including corporate finance services, asset management, and brokerage and other financial consulting services.BPI's retail network includes more than 700 branches throughout the Philippines, as well as branches in New York, Hong Kong, and Tokyo. The bank also operates a network of more than 1,200 automated teller machines and more than 8,500 retailer-based point-of-sale machines. In 1999, BPI pioneered online banking in the Philippines with the launch of online bank BPI Direct in 1999.In addition to its banking products and services, BPI has also developed a strong non-life insurance operation, chiefly under subsidiary BPI/MS Insurance Corporation. Listed on the Philippines Stock Exchange, BPI has long been majority controlled by Philippines conglomerate Ayala Corporation. * leader in electronic banking, having introduced most of the firsts in the industry, such as: * automated teller machines (ATMs), * a point-of-sale debit system * kiosk banking * phone banking internet banking * mobile banking * owned by the Ayala Corporation Business Evolution * post World War II era, BPI evolved from a purely commercial bank to a fully diversified universal bank * accomplished mainly through mergers and acquisitions in the eighties when it absorbed an investment house, a stockbrokerage company, a leasing company, a savings bank, and a retail finance company * Since the late 1990s – consummated three bank mergers * 1996 – merged with City Trust Banking Corporation 2000 * consummated the biggest merger then in the banking industry when it merged with the former Far East Bank ; Trust Company (FEBTC) * formalized its acquisition of three major insurance companies in the life, non-life and reinsurance fields * 2005 – acquired and merged with Prudential Bank MERGERS April 2007 – Bank of the Philippine Islands (Europe) Plc * October 2008 – BPI, Ayala Corporation and Globe Telecom signed a Memorandum of Agreement to form the country’s first mobile microfinance bank * 2009 – entered into a strategic bancassurance partnership with The Philippine American Life Insurance Company (Philamlife) to form BPI-Philam Life Assurance Corp Principal Subsidiaries * BPI Family Savings Bank, Inc. * BPI Capital Corporation * BPI Leasing Corporation * BPI Direct Savings Bank * BPI International Finance Limited, Hong Kong BPI Express Remittance Corporation * Bank of the Philippine Island (Europe) Plc, * Ayala Plans, Inc. * BPI/MS1 Insurance Corporation Reasons Of merger * Jaime Augusto Zobel de Ayala, BPI’s Chairman, said the purchase would further â€Å"enhance† the operations of BPI with increased or widened network. * N ew incentive package by BSP with respect to mergers and acquisitions * BPI has been on the lookout for some good acquisitions in order to bolster its position as a rising regional financial powerhouse. The merger is seen to offer a good strategic fit to BPI in penetrating the attractive customer segment of Prudential composed mostly of middle market entrepreneurs. * With the merger, BPI will solidify its position as the country’s second largest bank with combined assets totaling P456. 09 billion. * BPI expects to gain at least 200,000 new accounts with the acquisition. BPI and FAR EAST BANK TRUST COMPANY MERGER The majority stockholders of the Bank of Philippine Islands (BPI) and Far East Bank and Trust Co. FEBTC) approved the merger of the two banks, making the combined entity the 10th largest financial institution in the region with over $3. 5 billion in capital. The merger catapulted BPI/FEBTC as the country's largest bank, accounting for 14 percent of the entire banking i ndustry's total resources with combined  assets of P372. 4 billion. The merged institution will also have the largest branch network of 680. BPI president Xavier Loinaz, in an interview, said they expect the integration of the two banks to be firmed up by the end of March this year. We think that by end of March this year, they (merger process) would be falling into place,† Loinaz said, when asked about the merger timetable. FEBTC president Octavio Espiritu assured FEBTC employees that they will work out ways to thresh out remaining issues regarding the merger particularly the possible massive displacement of FEBTC personnel. While they are finalizing the integration, both Loinaz and Espiritu said the performance of their respective banks in 1999 was relatively â€Å"flat†. â€Å"We haven't seen any growth for the year, pretty much the same level as last year.Loans are flat for 1999,† Loinaz said, adding that BPI's bottomline was also â€Å"flat†. The sa me thing with FEBTC, Espiritu said the bank's income was down due to loans provisioning amounting to about P2 billion for the year. This year, Loinaz said they are still waiting for the economy to turn around. â€Å"Last year was quite disappointing. We showed a slight drop in (bottomline) the previous year,† he added. Loinaz said they do not expect â€Å"too much† from the first year of merger of BPI and FEBTC.But, he informed the stockholder that for 2000, the pro-forma projected earnings per share for the merged bank would be 5. 37 percent, 6. 31 percent in 2001 and 6. 79 percent in 2001. Based on BPI's closing price on Oct. 20, 1999, the day that the merger agreement was signed and announced, the exchange ratio represented an implied value of P82. 50 per FEBTC share or an implied premium of 18 percent to FEBTC's closing price on that day. According to Loinaz, they look forward to working with DBS Bank which now owns about 20 percent of the merged bank. DBS Bank is the second largest bank in the region.

Communication and Hospitality Industry - 2432 Words

SPIRIT OF HOSPITALITY 1. The Pineapple has been internationally recognized as a symbol of hospitality and a sign of friendliness and welcome! TRUE 2. According to many industry experts, what is the secret of being the best? SERVICE 3. Your ________, or ____________, is especially important in the hospitality industry because the guest is paying to have a pleasant experience. ATTITUDE, SPIRIT 4. People don’t care how much you know until they know how much you care. TRUE 5. There is not a difference between simply serving your guests and offering exemplary guest service. FALSE 6. Service with Spirit requires: Extra personal effort, Pride in your work and your property, A sense of professionalism and standard, Positive work†¦show more content†¦I know you can manage the restaurant without me for a few hours just fine. â€Å"I would love to do that.† â€Å"We’ve worked hard to try and find another option but have not been successful so far. Let’s try again in a month’s time, sometimes circumstances change.† â€Å"It may sound impossible, but let’s see what we can do.† 10. What is considered a good way to make a commitment to a positive attitude? Be responsible for your own actions and reactions. 11. Tell yourself you did great when you did something praiseworthy is a good method to ___________.Improve your attitude 12. Leaders don’t need to compete- they automatically earn respect by demonstrating an A+ attitude. TRUE 13. What was the title of this session’s â€Å"a ha!† Moment Secrets of the World Class CHARACTER 1. Successful people get ahead by doing the jobs that no one else wants to do. TRUE 2. Character is our personal motivation to do what is right, both inside and out. TRUE 3. People are born with either good character or bad character. FALSE 4. Your character is shown in ways that you deal with trail and adversity. TRUE 5. History is made at night, character is what you are in the _________ DARK 6. Someone who is motivated to learn something new every day is demonstrating which of the following positive character traits? INITIATIVE 7.Show MoreRelatedMarketing Communication in the Hospitality Industry34407 Words   |  138 Pages............. 4 2.2 Marketing Communications........................................................... 5 2.2.1 Communication Process..................................................... 6 2.2.2 Marketing Communication Models...................................... 7 2.2.3 Marketing Communication Tools ........................................ 8 2.2.4 Consumer and Business Markets....................................... 9 2.2.5 Integrated Marketing Communications ............................. 10 Read MoreCommunication in Hospitality Industry Essay4889 Words   |  20 PagesContents Executive Summary 2 Introduction 4 Purpose of this report 4 Introduction to the property and department 4 Department that been addressed 4 Discussion and Issue 4 Communication 4 Influence to the staff, guest and management 6 Analysis 7 Reasons why communication is the biggest issue in food and beverages department. 7 Recommendation and Conclusion 9 Recommendation 9 More brand training for staff and manager. 9 MBW (Manage by Walking) system 10 Know the staffRead MoreThe Interrelationship Between Core Sectors In The Hospitality1336 Words   |  6 PagesThe interrelationship between core sectors in the hospitality industry The hospitality industry is one of the most important service providers in the international tourism industry. It includes all the tourists and passengers who travel to other destinations. They are part of the overall experience and must meet the standards set by the customer and industry. Modern websites, such as travel consultants, also set standards based on people s assessments of their experiences. â€Å"TheseRead MoreHow Social Media Changed The Hospitality Industry1148 Words   |  5 Pagesimprove living conditions, but also helps business owners to reach out more customers than before. This paper will take into account to talk about how social media changed the hospitality industry. The purpose of this paper is to study how social media change the behavior of customers within hospitality industry and how hospitality businesses is effected by social media. Based on the research conducted by Noone, â€Å"social media is the combination of various internet tools that enable users to generateRead MoreCase Study : Hotel Management And Tourism1388 Words   |  6 Pagesrequired you to, you will be sure to encounter those of us who have chosen the hospitality field as a career. Within this industry, there are so many options to choose from including the culinary arts, hotel management and housekeeping, event planning, and travel agent and the main goal of those who work within these fields is to ensure you feel comfortable while you are traveling or staying close to home. Although hospitality is a broad major, they all require the same basic skills. The branches IRead MoreDiversity Within The Workforce Of International Tourism Enterprises1192 Words   |  5 Pageseconomy, competitions are constantly increasing. Many organizations, especially towards the hospitality industry strive to create diverse leadership teams, to be more creative, opening up to changes and accepting challenges. Indeed, diversity brings out many positive effects towards one’s organization, but it also hinders many negative factors, challenges and obstacles in the workforce such as communication barriers, discrimination issues, and training challenges if the organizations are not ableRead MoreTechnology s Impact On Hospitality Industry1198 Words   |  5 PagesTechnology’s Impact on the Hospitality Industry Hospitality Information Systems and e-commerce provides hospitality executives a set of tools that allow them to effectively integrate technology in a way that will ultimately profit their company. Information Systems in hospitality contributes competitive advantage in the constant communication that takes place between managers and technology specialists. This paper will discuss the method of applying Information Technology models to the currentRead MoreUnderstand the Current Structure of the Hospitality Industry Essay examples1149 Words   |  5 PagesUNDERSTAND THE CURRENT STRUCTURE OF THE HOSPITALITY INDUSTRY 1. Demonstrate the diversity of the hospitality industry explaining how it has achieved its current complexity, scale and scope. The hospitality industry has a lot of different sectors. It is commonly split into the 14 different sectors. Hospitality Services Tourist, Tourism Hotels Self CateringRead MoreGlobalization in the Hospitality Industry1167 Words   |  5 PagesTourism is an industry that gives people the opportunity to explore and discover different cultures and many different countries. People are able to view attractions, dabble in local cuisine and experience life in a different country. Tourism is an industry that is rapidly growing as more and more people are traveling abroad. People have a genuine interest in learning about new cultures and experiencing all that a country has to offer. More countries are moving closer to globalization and this inRead MoreThe Management Of Hospitality Industry Essay1435 Words   |  6 Pages The hospitality diligence and in particular the higher segment hotels and restaurants provides the finest hospitality, an enjoyment of fine quality foods and beverages. These services are regarded define a very special culture that governs the industry. The culture highly esteems and values hospitableness as a major central theme. Telfer, a renowned philosopher, explains hospitableness as a virtue that depends greatly on one’s devotion and generous spirit than on proficiency. While great rewards