How do 401(k) Plans work? What are they?

There are many economic issues facing the nation today.  While some are extremely important in determining how the economy is balanced, others are not.  Although this is true, that does not necessarily make these lesser important issues obsolete.  Take, for example, the recent issue of corporate leaders matching contributors to the 401(k) plan with company…

Fast Food Globalization

Globalization is a worldwide scale of growth, an ongoing process where economies, cultures, and societies are being increasingly integrated. Today, it has become a very controversial issue. Globalization has both positive and negative effects on the world.  Positive effects include the reality that large-scale companies that once only outsourced to western countries are now trading…

Canadian Code of Advertising: History, Society, Criticism

Canadian Code of Advertising The Canadian Code of Advertising Standards, which has been developed to promote the professional practice of advertising, was first published in 1963 The code sets the criteria for acceptable advertising and forms the basis upon which advertising is evaluated in response to consumer, trade, or special Advertising: any message expressed in…

Competition in a Free Market

–          North Americans live in a free market society –          In a free market, businesses can make a profit, which means that successful business people can keep some of the money that they make –          Profit drives business; the more successful a business becomes, the more profit the owner keeps –          Profits may be reinvested…

Business Competitive Advantages

businesses look for advantages over their competition Some of these advantages are temporary, part of the continual back- and forth activity that occurs among competitors i.e. Pepsi and Coke Sustainable Competitive Advantages o   Sustainable competitive advantages are methods by which a business holds on to its customers, in spite of the competition o   Developing a…

Customer Relationship Management

Marketers use customer relationship management tools to create marketing programs that satisfy customers Customer relationship management involves three stages: customer acquistion, customer retention, and customer reacquisition Customer relationship management Overall process of building and maintaining profitable customer relationships by delivering superior customer value and satisfaction Information technology and database systems Customer contact brands or companies…

Alvin Toffler: Biography & Theory

Biography Alvin and Heidi Toffler Heidi helped Alvin write some of his books, but credited them as Alvin Toffler Influenced many leaders around the world Described by “Financial Times” as the “World’s most famous futurologist” Also mentioned in “People’s Daily” as one of the top 50 foreigners that shaped modern China “Toffler Associates”, the executive…

Teams and Teamwork: Decision Making in Teams

Teams and Teamwork: Decision Making in Teams Decision making – is the process of making choices among alternative courses of action. How Teams make Decisions Decision by lack of response: one idea after another is suggested without any discussion taking place. Decision by authority rule: the leader, manager, committee head, or some authority figure makes…

Pros & Cons of Walmart: The High Price of Low Cost

Wal-Mart has been apart of our lives for over 50 years, becoming a dominant force in the retailing sector. There are several disputes amongst economists about whether Wal-Mart has a positive or negative influence on our economy and society, many criticizing the Wal-Mart Corporation for its negative and careless approach to becoming the powerhouse it…