Business Management Theresa Freeman Market Share in the industry Essay
Business Management Theresa Freeman Market Share in the industry Essay
One standard that corporations use to evaluate their performance against their competitors is the set of rankings developed by Fortune magazine. These include the Fortune 500, the 100 Best Companies to Work For, and other lists. The public also uses these rankings to decide to what companies they should give their business.
Respond to the following in a minimum of 175 words:
- Is it a good idea for people to use these rankings to decide which companies they should give their business to?
- Is there an intrinsic value in these rankings, or are they subjective?
- Should a business set a specific ranking on a list like this as a standard to be met?
Support your assertions.
Theresa Freeman
Respond to the following in a minimum of 100 words:
I believe that the Fortune magazine rankings are subjective to maybe a few things. Some jobs aren’t for everyone, and even though one ranking seems great, it might not be the same fit for next person. I could see the appeal for certain people to want to shop at a place that treats their employees better than other companies. In reality though we want the best products and services. A great example is Chick-fil-A having great customer service, and they treat their employees decent. Most people go for the chicken sandwich’s and not the people alone. I would say that this should be a standard for companies to meet. If you are put on the list as a business it would be a greater marketing strategy that is free. It could bring more customers in with very little cost to the company. So in my views some companies may treat their employees great, but it still might not be the best for company for others. I think that it is a good example of the type business you might want to give your business to, but in the it will be the service to customers that will win in the end. I think the list is a great example of standards that can be met.
