Essays on Business Theory

Business policy case study

Executive Summary The case summarizes the challenges that JC Penney faced in the 1990s and developments that it brought in 2000. JC Penny was a retailer on the front line in the U.S. thus, found it difficult to embrace changes in the late 1990s. The plans for growth became an obstacle to its effective operation in the 1990s, which later contributed to the company’s improvement. JC Penny relocated from a decentralized merchandising system to a consolidated merchandising system. The company linked its business goals with HR practices and put aside the Eckerd drugs store to pay attention to ...

Ethical and cultural relativism have been defined as differences in opinion among people from different cultures as a result of their belonging to such cultures. Put differently, as a result of growing up in different cultural environments, people acquire certain sets of beliefs which are distinct from those of persons who grew up in other cultures. The end result is that both groups of persons have different beliefs about what is right or wrong as a result of the cultural conditioning that they have undergone. Proponents of the cultural relativism school of thought have argued that as a result of these differences in ...

Introduction

Telefonica is one of the largest wireless service providers in the world. It has operations in three different continents. It is the number one player in many markets including Spain, Chile and Argentina. Telefonica was originally a state owned company in Spain. However, after the deregulation of state ownership, Telefonica completely revamped its operation and started expanding in new geographies. Telefonica successfully expanded its operation in Latin American countries during 1990s but after the turn of the century faced a lot of competition from other wireless service providers. Currently, it is planning to expand in the European market. This essay will ...