Essays on High-Low

J. C. Penney’s “Fair and Square” Strategy

Abstract

In 2012 , the huge departmental chain of stores, J.C Penney under its CEO, Ron Johnson came up with an ambitious plan dubbed “Fair and Square” as a countermeasure to recession and dwindling sales. However, instead of revamping the stores the plan which entailed offering complementary promotions and periodical price reductions led to further decline and the organization had to seek alternative ways to remain afloat. This essay presents the problems that J.C. Penney faced and the recommendations that it needed to follow to revert to profitability. It also presents an analysis ...

One of the variations of arbitrations can be considered from the aspect of executory and ad-hoc arbitration. The difference between the executory and ad-hoc arbitration is that in an executory arbitration, the arbitration is agreed upon or set prior to any dispute arising whereas, in the case of the ad-hoc arbitration, arbitration is agreed upon after a dispute arises. Executory arbitration is best suited for situations where parties go into a contract together. Ad-hoc is best suited in cases where disputes are not likely anticipated or where the dispute arises where parties have no form of immediate dispute resolution ...

Abstract

Cultural differences have a great bearing on the way managers perform their work. This paper outlines the need for managers to acquire intercultural training because how they behave in their roles has great implications on the organization as a whole. Electronic technology has changed the way people communicate and work. This introduces cultural dynamics that have to be incorporated into intercultural training. The paper also discusses culture and identity as factors which influence each other. Personal identity and organizational identity are discussed as two interrelated factors which depend on each other. overall, the paper underlines the importance of proper intercultural training. ...