Evaluation and comparison of PepsiCo and the Coca-cola company

Evaluation and comparison of PepsiCo and the Coca-cola company Today Pepsi is a huge international and multibillion dollar soft-drink and snack food company second only to Coca Cola. It is hardly what Caleb Bradley had in mind when he created a soft drink formula in his North Carolina pharmacy store in 1898. In its early days Bradley sold only the syrup needed to make the Pepsi drink. Today we have countless choices of drinks and snacks all under the Pepsi name. Caleb Bradley patented his formula in 1902 and started making and selling it out of his pharmacy. He had great success with it, and production increased almost exponentially. During World War I sugar began to be rationed and prices rose over 500%. Caleb had no choice but to declare bankruptcy and sell his business to Roy C. Megargel, and investment banker, in 1928. But Megargel had very little luck with the company as well and in 1931, just three years later declares bankruptcy himself. A company by the name of Loft Inc. purchases most of the Pepsi shares and becomes a major shareholder of the corporation. After reorganizing, Pepsi begins to advertise on a massive scale. With the depression in full swing at the time Pepsi begins to sell 12 oz bottles of its product for just 5 cents compared to its competitor selling 6 oz bottle at the same price. It becomes known as the poor mans drink. It began to aggressively look to the international market, especially in Canada and Mexico. In 1934 Pepsi was finally able to open its first distribution center in an international market, Canada. From that point on the drink and the name had nowhere to go but up. New products were added to its list such as Diet Pepsi, Pepsi Free, etc. In 1965 Pepsi joined forces with a large snake food industry know as Frito Lay. Thanks to this merger the company was able to make for the first time $1 billion in sales, its first but certainly not its last. Pepsi also become purchasing fast food restaurants such as Taco Bell, Kentucky Fried Chicken and Pizza Hut. But in 1997 it spun off these fast food chains into another company. Today Pepsi make over $40 billion a year and this number is increasing every year. The brand name alone is worth over $12 billion which puts it in the top 20 most valuable names in the world. There seems to be no stopping this giant in the soft drink industry, but every company has a rival and Pepsi has some very powerful ones. PepsiCo and The Coca Cola Company Performance Ratio Comparisons: PepsiCo Inc Fiscal Year 2009 Profitability Growth Cash Flow Financial Health Efficiency Ratios Ratio Comparisons: The Coca Cola Company Ratio Comparisons Profitability Growth Cash Flow Financial Health Efficiency Ratios Stock Charts: PepsiCo Inc 3 month stock chart 6 month stock chart 1 year stock chart Stock Charts: The Coca Cola Company 3 month stock chart 6 month stock chart 1 year stock chart Stock Prices: PepsiCo Inc Stock Prices: The Coca Cola Company Development: PepsiCo Inc Product Add more than 200 product variations a year to keep up with changes in consumer taste New Age beverages SoBe No Fear (energy drink) SoBe Synergy (targeted to school-aged children) SoBe Fuerte (Hispanic market) Propel Fitness Water Obesity concerns Low-carb Doritos, Cheetos, and Tostitos Health concerns Natural and organic chips Hispanic markets Popular brands from a Mexican subsidiary (Sabritones Chile and Lime puffed wheat snacks) Culture Pepsi Refresh Project Pepsi is awarding grants from $5,000 to $250,000 to consumer-generated ideas that will make a positive impact in the world. The program launched on January 13, 2010 and will award more than $20 million in 2010 to move communities forward. Aug 27, 2010 CVS Pharmacy and Boundless Playgrounds Join the Refresh Challenge to Support Children of All Abilities Current Developments Aug. 4, 2010 PepsiCo announces company is investing USD $3 million over next three years to create Agricultural Development Center of Peru (CEDAP), which will develop new varieties of potatoes and other tubers and roots. This is meant to develop new and healthier products and to encourage commercial cultivation of these species in ways that preserve biodiversity Aug 16, 2010 PepsiCo announces plan to invest USD $250 million in Vietnam over next three years. New investment includes increasing manufacturing capacity, adding marketplace equipment, further strengthening brands, and broadening companys product portfolio via innovation Market Differentiation Strategy Industry-leading Nutrition Goals Reduce the average saturated fat per serving in key global food brands in key markets by 15% by 2020 Reduce the average added sugar per serving in key global beverage brands in key markets by 25% by 2020 Reduce the average sodium serving in key global food brands in key markets by 25% by 2020 Increase whole grains, fruits and vegetables, nuts, seeds, and low-fat dairy in its product portfolio Environmental Goals Provide access to safe water to three million people in developing countries by the end of 2015 Reduce packaging weight by 350 million pounds by 2012 Work to eliminate all solid waste to landfills from PepsiCos production facilities Commit to an absolute reduction in greenhouse gas emissions across global operations Future Pepsico hopes to revive Quaker with new products Pepsi plans to cut sodium by one-fourth in key brands in five years, and cut sugar per serving in drinks by 25 percent in the next 10 years. Development: The Coca Cola Company Product Calorie concerns 2006 Enviga, negative calorie green tea drink 2007 Glaceau (Vitamin Water) 2009 90-calorie mini can (7.5 fl oz) Culture Live Positively Cokes project to help make a positive difference in the world through sustainability with focuses on climate protection, balanced living, education, and community Give It Back Recycling Program Coca Cola is asking for its consumers to return the cans and plastic bottles of Coke they buy in order to make backpacks, t-shirts, rugs, etc. Aug 24, 2010 Coca-Cola workers strike in Bellevue Sept 1, 2010 Strike announced at Edmonton Coca Cola factory Current Developments Sept 7, 2010 Coca Cola Enterprises plans to sell its North American business to Coca Cola Co in the fourth quarter Aug 30, 2010 Coca-Cola West (Japan) to buy vegetable juice maker Qsai for $421 million Coca Cola Freestyle A touch screen soda fountain with over 100 different Coca-Cola beverage products and custom flavors. Market Differentiation Strategy Future Coca Cola drinks in Japan made from Kale, a nutrition but not very tasty vegetable, may turn up in stores Coca Cola buys major Russian juice producer Nidan Company Comparison In PepsiCos 2009 Annual Report to shareholders, it identifies a plethora of competitors. Notable competitors include Dr. Pepper Snapple Group, Inc., Nestlà ©, and Kellogg. However, no rivalry is longer or larger than the one between PepsiCo and Coca-Cola. Not only are these two the first and second largest food and beverage companies in the world, these two have a vested interest in keeping the competition alive. In this industry, where margins and market share determine profitability, marketing plays a vital role in bringing in creating new loyal customers and maintaining the old ones. And both of these companies have benefited from the marketing of the other. Product Comparison Its easy to compare these two companies given the similarity in their products. Both have well-known brands for soda, sports drinks, juices, and water. They both also see the benefit in vertically integrating their supply chain. While PepsiCo chose to purchase its two largest bottlers, The Coca-Cola Company has continued to hold a large share in their bottling companies. These companies compete on a product by product basis as is detailed in the chart below. It is important to note that one key line is not included, popular snacks. PepsiCo has acquired a multitude of brand named snack companies including Frito-Lay while Coca-Cola while having over 3,000 different beverages sells only that, beverages. This has helped PepsiCo diversify and increase its sales and market compared to Coca-Cola. PepsiCo The Coca-Cola Company Bottling Acquired Pepsi Bottling Group and PepsiAmericas Owns 34% share of Coca-Cola Enterprises and 32% share of Coca-Cola FEMSA Soda Pepsi, Mountain Dew, and Mug Coca-Cola, Fanta, and Sprite Sports Drink Gatorade Powerade Orange Juice Tropicana Minute Maid Water Aquafina Dasani and Evian Size and Profitability Comparison As much as PepsiCo tries to compete on the same grounds as The Coca-Cola Company, for the time being Coca-Cola is still the leader in many ways financially. For one, PepsiCo is significantly smaller than The Coca-Cola Company. In 2009, PepsiCos Market Capitalization was only 80% of Coca-Colas. Furthermore, the Coca-Cola Company has continued to sell more efficiently than PepsiCo. In 2009, all of Coca-Colas profit ratios were significantly greater than PepsiCos. Perhaps this is partially explained by the greater number of employees PepsiCo employees. PepsiCo is winning out on top line growth however, with more than $10B in sales last year alone. PepsiCo The Coca-Cola Company Stock Ticker PEP KO Headquarters Purchase, NY Atlanta, GA 2009 Number of Employees 203,000 92,800 2009 Market Capitalization $103 B $130 B 2009 Sales $43.2 B $31.0 B 2009 Gross Profit Margin 53.5% 64.2% 2009 Operating Margin 18.6% 26.6% 2009 Net Profit Margin 13.8% 22% Investment Comparison At first glance, PepsiCo and Coca-Cola may seem like they are about equal when it comes to what stockholders are looking at. Shareholders want a maximum return on their investment either through an increased stock price or dividends. Given that PepsiCo and Coca-Cola are both seen as value stocks by most investors, the amount they provide in dividends is of significant importance. Given PepsiCos higher Dividends per Share in this category regardless of how small is worth noting. (2009) PepsiCo The Coca-Cola Company Dividends per Share $1.77 $1.64 EPS $3.86 $3.18 P/E 16.61 17.66 Qualitative Comparison But a company is more than just its numbers. A companys qualitative features like its core values and growth plans for the future are of equal importance. Both PepsiCo and Coca-Cola are interested in expressing a commitment to health, but they do it in significantly different ways. PepsiCos interest in health is centered around sustainability. They highlight their three commitments to human, environmental, and talent sustainability whereas Coca-Cola takes a more human centric view on health. It is specifically trying to promote a healthy lifestyle through education, nutrition information, and exercise. Both are trying to fight the obesity epidemic and offer healthier choices, but their ways vary. The Decision to Invest Industry Analysis Before deciding whether or not to invest in PepsiCo, one must investigate if now is the time to investigate in its industry. The difficulty in studying PepsiCos industry is that it falls into a couple of industries. The Business Company Resource Center returned eight possible industries, but the most salient one and the one PepsiCo aligns most with is the Bottled Canned Soft Drinks Industry. The good news for PepsiCo is that the soft drinks industry is now and is projected to remain extremely concentrated. PepsiCo, along with Coca-Cola, are either the cause or effect of this trend and have helped lead the United States to be the number producer and consumer of soft drinks. But this market is heavily saturated, and the regions projected to be able to offer the most growth in the next decade are the Asian and South America markets. By targeting these groups and catering to their cultural expectations, significant returns can still be made. The biggest challenge for the industry going forward is addressing the growing concern that soft drinks are causing an obesity epidemic. By offering healthier alternatives, or perceived healthier alternatives such as diet colas, juices, and bottled water, this can be overcome. The significant investment that Pepsi has made in its campaign to promote a healthier lifestyle will also not go unnoticed. The number one ingredient in soft drinks may become more difficult to obtain. The supply of water, the largest ingredient in almost all of Pepsis products, could become more strained as pollution and droughts continue to plague the resource. Developing a plan to share and conserve this resource and addressing all the growing concerns over its supply will be important for Pepsi. Management Analysis No company can be successful long term without the right management team. PepsiCos committed CEO has been with the company for almost two decades in a variety of strategic and operational leadership positions. She has a firm understanding of the industry as well the growth strategy that she has been implementing for years. Perhaps more important than what PepsiCos leadership is known for, is what they arent known for. No member has gained public attention for unethical financial decisions or misdoings. What else should be included here? Expert Opinions February 20, 2008 While many companies saw business decline in the fourth quarter, PepsiCo met expectations even after investing heavily abroad for growth. It posted a 17% gain in revenue and an 11% increase in operating profit as core brands came through. The company had double-digit growth in snacks and drinks in emerging markets. (article from 2008) http://articles.moneycentral.msn.com/Investing/CompanyFocus/WhyPepsiCoStockIsABuyNow.aspx April 14, 2010 Coke or Pepsi: Which stock to buy? The ability to leverage sales across a wider variety of products will be a powerful driver for PepsiCo here and overseas. This is referring to PepsiCo and snack items http://articles.moneycentral.msn.com/learn-how-to-invest/coke-or-pepsi-which-stock-to-buy.aspx Summary

Original Writing Coursework – My Typical Work Experience Day

My first day of Work Experience began on 30th June, 2008. I woke up on that morning at 7am, feeling nervous and excited at the same time. My room was quite messy when I got up. I got out of bed, tidied up my bed and room, and went for my early morning shower. The shower was relaxing and refreshing as I stood under it and gathered my thoughts. It was a cool, windy day. I like windy days at times: It eases my nervousness and builds up excitement: at long last it was the much awaited first day at work. Soon enough, I was dressed. I took time as I did not know what to wear since I wanted to make a good impression on my first day at work. I was not wearing my school uniform (which I was used to wearing without thinking! ). I needed to be creative! Creativity first thing in the morning was not something I was used to! After throwing a few shirts and trousers randomly on my bed, I finally picked up a dark blue shirt with a pair of light blue trousers: blue being my favourite and lucky colour and of course socks which complimented my shoes. I think I looked reasonable: not too formal, not too casual: casual smart as the saying goes! I had cereal and waited anxiously for the bus. I became too anxious as I gave worried glances at the clock. The bus normally comes to pick me up at 7:50am. When 7:50am came and went, I panicked. I thought the bus wouldn't come. I did not wish to be late on my first day for work experience! It never gives a good impression, I had heard somewhere! It was a relief when at 8:10am the bus indeed came to pick me up. The journey from my home to school was calm and pleasant. The bus went through the busy and crowded Northern Approach motorway into the greenery, peaceful and lovely Victoria Park filled with trees, lakes and small cafes and benches. As I was going to school, I have been thinking about what it would feel to have a real job once my education was complete. I suddenly thought about the future. I did not know what job I will have in the future but I know what I will be working on: either in the Science industry or in the ICT industry. I had also, partly, been thinking what to do during the Summer Holidays, as it was getting nearer by the hour and in what way I could make use of this time which may be useful in my future career. I finally reached my workplace, which incidentally, was my own school. The school, where I was working, was called Oaklands and it was an international secondary school with many international students and staff. Oaklands is situated in Old Bethnal Green Road in Bethnal Green. As there are two buildings in the school, there was a long, green and white bridge which connected these buildings. One building is an old one and the other, recently built. It was very colourful and clean inside the building: many international flags were put up to make the students feel at ease in school. There were about 600 students and about 60 or 70 staff in the school that was supposed to be my work place for a week. The reception area is usually quiet as there are not many people coming to reception everyday. Angela's office is situated at the back of the main reception beside the waiting area. I reached my office and saw my supervisor, Angela. The office was quite disorganised as there were post-it notes, pictures and files all over the place. The room was as small as a pigeon hole: it could only fit two or three people. It gets crowded when more than three people come in. It was cold inside as there was an Air Conditioner on. Normally I would come to school as a student by 8:45am but I reached my workplace quite later than usual, at around 9:30am, as a member of staff at Oaklands School. Angela normally comes around 10am – 10:30am, but she came early at around 9:30am on that day to help me settle on the first day of work. We signed the work experience contract which was kept in my Work Experience record book. I had to bring the book every single day to work. Apart from signing the Work Experience contract, I had to fill in pages of records which were about how your first day went and how your other days went and what you had to do during the week. After the initial paperwork, I began my first day at work. Most of the time during Work Experience, I had to work on a computer to work on the school's newsletter, the Oak, updating and editing as I went along. Using Microsoft Publisher and Word, I started to add some pictures and notes on to the school's newsletter. Staff came by and went to check on Angela and me. Staff also checked on my progress with the newsletter, complimented my work and told me to keep going, which was encouraging. I was asked to take pictures and take small interviews about the new Year 7's joining Oaklands. When I was asked, I was frozen as ice. At home, I tried my hand on cameras and often ended up taking fuzzy pictures. Being asked to take photographs at work was a totally different ball game and I never really expected that. I declined the project because I felt that I needed more practice on taking photographs. My hands moved constantly and that is certainly not a good sign for a professional photographer! I wondered whether my declining would adversely affect the impression of my supervisor about my confidence level in trying or attempting something of a challenge. But then I thought that I would rather say yes to something that I felt comfortable in doing, especially on my first day at work. Angela had to label the envelopes for the letters she was going to send. I helped her labelling the envelopes which took a while (it took roughly about an hour to complete it) but I managed to finish it on time. I then had to go to the staff office to get the envelopes franked with First-Class postage. Later, I helped Angela out with cutting our school year's pictures and sticking them for the staff that needed them. There were about 120 students in our year. That also took a while to complete. The morning was almost over. It taught me already that tasks needed to be prioritised, tasks needed to be completed on time and with concentration. There was no time to be wasted or for fooling around. It was a professional atmosphere and one needed to be professional. Finally, I had my lunch at school. Usually I have lunch at home since I do half-day schools but by the time I finished the day, I was so hungry, I decided to have a big lunch that would fill my appetite. I could smell all the good food being cooked in the kitchen. I was feeling that I was getting distracted and perhaps it was a good idea to take a break or call it a day since I was supposed to do half days at work anyway. The food looked colourful and matched my instant imagination! The cafeteria was crowded because many students and staff (not just me), were starving. It was funny to think of myself as staff! I noticed that there had been changes in the cafeteria since the last time I was there. Near the windows, there are high seats and tables around the room thereby adding more seats. There is now a tray clearer in the cafeteria where we can put our finished lunches. I looked at the place and it all seemed different than usual! Perhaps it was because I was there not as a student but as an employee for the week. On my journey back home that day, I was immersed in thoughts: I always wondered how professionals have worked on their first day of their career whether in the corporate world, legal world, medical world, creative world or in the world of academia. I wondered how, after education and training, when a person finally becomes a professional, how does he or she feel on their first assignment or first piece of work or first day at work. When I look back at my Work Experience and think about these professionals, I can somewhat get a glimpse of the level of excitement and anticipation they must feel on their first day! I also think that one can only excel and do well in any field provided one is interested to learn and is dedicated to explore the subjects that are close to ones heart. For me a journey had started. I had a long way to go.

Lessons from the Locker Room Essay

A new chapter began in my life on the first day of ninth grade. That day, I went to my first day of freshman football practice. Although I knew a little about the game, I had never played football before, so I was somewhat apprehensive about what might happen. The coaches guided us through a series of tests designed to place us into the appropriate positions, although most of the guys already knew where they would be playing. I did everything the best I could, and was soon assigned to Coach Green and the linemen. Through that year I never got to start a game, but the things that happened both on and off the field with the other players made me very interested in what would come in the future. The experiences of that year set the stage for my entrance into varsity high school football, an experience which would shape much of my life. Before anyone can join the varsity football team, he must complete a series of tests. However, these tests are not like those at many schools. Coach has a philosophy that anyone who is willing to â€Å"pay the price† should be allowed to be on the team. Based on that philosophy, numerous criteria are presented to all the would-be players at the beginning of preparation for the season. When I first saw these criteria, I thought that they sounded very simple. They consisted of such things as getting into bed by a specified time each night, eating healthy, coming to five workouts in the summer, and not missing a practice for any reason other than family emergency. Little did I know, they would, in the end, be much more costly than I originally thought. After our freshman season was over, some of the players on the team were given the opportunity to â€Å"move up† to the varsity team for the playoffs. I took advantage of the opportunity, and quickly found myself in the middle of a close-knit family. At that point, I understood very little of what was happening. However, I knew for sure that I wanted to learn more. That season ended at our rival’s field in defeat on a cold night in late November. In the locker room after the game, most of us cried as we realized what this meant for the seniors of that year and for that team. For the first time, I watched guys cry and hug each other as they used their love for each other to pull themselves through the feelings of disappointment. Coach called together those of us who would comprise the team of the following year, and  told us to prepare for plenty of hard work in the off season. The first day back in January, I had my first official test. This test would be the benchmark by which each player would judge his progress in the off season. The test tested our speed and strength, but the workouts would test our heart and our commitment. The next day, we had our first official workout. We spent the first week with coaches giving us demonstrations on proper technique in weight lifting. Within two weeks though, we had begun in earnest. Fridays were reserved for â€Å"special† workouts. I still remember my first one. It was supposed to be an upper body lifting day, and the youngest of us were rather confused when we were told to leave the upper body room and go into the locker room. We all dreaded what might be waiting for us. All we actually did through the whole thirty minute workout was what seemed like a thousand pushups, but that day began a special bonding process. Within five minutes of beginning, most of us were already extremely tired and ready to quit . I am not sure that I ever knew who was speaking, but all that I can remember was intensly painful muscle cramps and the encouragement being shouted by my teammates. At that moment when failure seemed just one more pushup away, we began to develop a sense of responsibility to one another. All that I knew was that we had to work together if we were going to have a chance to be what we could be. The one voice I can remember was a teammate of mine. I remember him lying three guys over, sweating and straining as he struggled to keep his body off the ground. At the moment when I felt that I could not go on any longer his eyes met mine. He quietly told me to never give up and to fight as long as I had the chance. I merely nodded to him and decided that I had to make it through. After several more torturous minutes, Coach told us to â€Å"get in our half mile† before we leave. As I jogged around the track, I thought to myself about how difficult varsity football was going to be. As the workout ended I thought to myself, â€Å"just bury me right here.† I decided, however, that I would be able to make it through with the help of my teammates. We had several more â€Å"special† days, but whenever I would think that I could not go any longer, I would remember my teammates going through the same thing and be strengthened. Very quickly, the summer was upon us. At first I thought that the summer workouts would be a carbon copy of the ones which we had during school, but I would  soon find I was wrong. The first thing that I noticed was that attendance at summer workouts was optional. However, this proved to be more beneficial. Because people were not required to come everyday, most days only people who wanted to be there would come. There were always some guys who could be counted on to be there. These guys were the ones who eventually formed the core of our team. Friday was once again reserved as a day for a different kind of workout. The first Friday of that summer I was introduced to a superset. In a superset, Coach would decide on a series of exercises, and we would go through the circuit as many times as possible in the time available. These undoubtedly were seen as something of a competition to see who could do the most, but eventually we would all get tired and slow down. Coach noticed our slowing pace and our fatigue, and he asked us why we had been slowing down. Of course he knew the answer, and he quickly asked us another question. His next question though, was much more difficult. He brought up a hypothetical situation in which we had reached the fourth quarter of a game and were all very tired. Coach asked us if, when the fourth quarter came, we were going to quit and take the easy way out. Of course we all answered that we would play with everything that we had. Then he made a very simple statement. Coach told us that if planned on being able to give things our all in a game, we had to practice fighting past the pain. According to him, to do anything less would be selling ourselves short of the potential that we had. From that time on, we gave all that we had in every opportunity we had. We fought through the summer workouts together, and gradually became more and more dependent on each other. We began to realize that we would have to put together everything that we had learned and practiced all summer if we were to survive the last two weeks before school started. The last two weeks before school started is known as Camp. Camp is the last hurdle to be cleared before someone is an official team member. We practiced from one till nine for two weeks that year. By the end of the two weeks, we were all strained physically, mentally, and emotionally. Each night, I would come home, shower off, and slump into bed. Then, I would proceed to coat my legs in a layer of Flex-All. While there were moments when some of us likely  wondered if the end of Camp would even come, it did eventually arrive. However, eventually the end of the two weeks came. I vividly remember the last night of Camp. We practiced until our regular time, but then a team meeting was called at the fifty-yard line. Coach congratulated us for making it through and told us it was time for story time. We spent the next twenty minutes running from coach to coach at different places on the field, and listening to stories about something that had happened on that spot of the field. All of the stories told were based on â€Å"what it means to be a part of the team.† Through these stories, the coaches painted vivid portraits of past team members who had been willing to go beyond the call of duty for the team. I do not remember the details of many of the stories very well, but I do remember the story told by another coach. He told the story of a guy from a team several years removed who had really shown what it meant to be a mustang. According to the story, the quarterback had thrown an interception when the team was already down by a touchdown in the fourth quarter. One of the quarterback’s teammates, a guy who had never really been a standout player, was not willing to let the opposing team score as a result of the interception. He ran from the opposite side of the field and was able to tackle the guy ten yards short of the goal line. Coach claimed the player had never run as fast as he did on that night. Spurred on by the effort of their teammate, the defense made a strong stand, and the team fought back to win that game. I expected to hear a lesson about giving it all you had, but instead, Coach had something different in mind. He told us about the importance of picking up the slack for everyone else. He reminded us that in the time we would spend together, not everyone would be perfect on every play, but that we would still be alright if we all did the best we could. This year has been a very interesting one. As a senior captain on the team, I have had a responsibility all year long to help lead the team. During the workouts, I would often find myself shouting encouragement to the younger players as they struggled. Many of the seniors have gone beyond their responsibilities for the sake of the team. But these lessons do not stay confined to the field and the locker room, for I often find them having an  effect on me outside of the football environment. Coach has taught us that we are examples everywhere that we go. Any time there is a decision that I must make, my thoughts inevitably bring me to the question, â€Å"Is this something worthy of a Mustang football player?† I believe that my experiences in football were critical to me successfully overseeing a class day as junior class president while I was short handed. I think I would have been tempted in the past to just give up. I was so intent on not giving up and on doing everything I could possibly do for the â€Å"team† (in this case, the class) though that I knew I had to depend on some other people and, with their help, work everything out.

Workplace Related Legal And Ethical Issues - 1383 Words

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In upholding the standards taught individual may be forced to take a particular action involving a decision when a behaviorRead MoreLegal, Safety, and Regulatory Requirements Paper817 Words   |  4 PagesLegal, Safety, and Regulatory Requirements Paper HCS 341 Legal, Safety, and Regulatory Requirements Paper The workplace is a delicate environment filled with different personalities types. These differing needs of feeling safe and comfortable create many challenges in the workplace. The creation of the Human Resource Department has helped create a safety net for all employees to fall under and create a stable environment for employees to feel safe and secure. Regulations such as Equal EmploymentRead MoreEthical Issues Associated With Religion949 Words   |  4 Pagesimportant matter in the workplace. This is because of the ongoing religious diversity within the working environment. In today’s world, businesses employee individuals from different countries and religious backgrounds who may practice their beliefs in a variety of ways. There are ethical issues associated with religion in the workplace such as religious harassment, attire, and practices. We have the right to practice our religious beliefs without the interference of these issues which can result fromRead MoreBusines s Ethics And The Ethical Issues1461 Words   |  6 PagesBusiness ethics and the ethical issues in marketing Moral principles that guide the way a business behaves are known as business ethics. However this term has a broader definition. As the word ethics can pose many definitions in a broad context and it can be challenging to find a common understanding of the term, hence, most companies denote the concept of the term ethics as responsible business conduct, business practices or integrity. Business ethics offers a tool for conducting business more effectively