Social Capital Essay Example | Topics and Well Written Essays - 250 words

Social Capital - Essay Example Technological advancements enable instant flow of information to audiences. Some of this information may be seditious and inciting. This profound freedom of information flow attracts an equal measure of responsibility of good citizenship. Technology is a powerful tool that motivates social institutions to be more efficient, but it does not imply substitution of social capital for technology. Modern entertainment isolates societies by privatizing leisure and interaction moments. This negatively affects the social tenets that bind a society. Active social collaborations foster tranquility and successful governance as opposed to weak and un-civic minded society, which cultivate corruption and poverty. Social networks ensure trust and tolerance among people in the circles of employment. The non-participant and the larger society share the benefits of social capital. Indeed, this is because of the diversity in the benefits of networking, ranging from decreased tribal conflicts, a feeling of patriotism, citizen satisfaction and lower costs of transactions. Social capital is the foundation of a thriving society. When the society disintegrates, it is the social capital that gets lost. Collaboration is only sensible in the existence of mutual

Strategic Management - Business & Management Essay

Strategic Management - Business & Management - Essay Example The company did not respond to the changing management needs and continued to pay heavy packages to its workers and coupled with low response to fashion changes, it has lost its customers confidence. JZ Benny did not respond to the competitive edge that the new entrants like Spanish El Dorado and Scandinavian Helgar were employing. It remained static in the fashion outsourcing even when its competitors changed to fast fashion model shops. While the competitors outsourced their fashions from Eastern Europe, JZ Benny instead rushed to China and South East Asia which sold at low cost. Thinking this as a cost advantage over the rivals, it turned out to be a stock burden for the company since they had to buy in bulk and hence were left with indispensable stock at the end of the season. This was a miscalculated marketing strategy resulting from inefficient market analysis. The company failed to keep up with its competitors who resulted to e-supply chain which enabled them to connect the customers with the designers hence placed in the market what the customer preferred. This ensured that they were always ahead of other retailers since they stocked what the customers liked. JZ Benny saw a management gap and responded by fishing Bob D’Saster from competitor Helgar Fashions. As the CEO of JZ Benny, D’Saster was confident that cost cutting measures and investment in technology would turn the chain around to start making profit. Cost cut measures were implemented leading to layoff of about 20% of the staff and heavy investment in RFID (Radio Frequency Identification) tags to help in improving the Barcode Inventory Processing. However this did not help the company and the AGM dismissed D’Saster and placed John Hammond as the CEO. As expressed by Courtney et al., 1997, the case of JZ Benny is a management problem. The company has been under a management that does not recognized that