Study99notes

The sales figures were dropping for Kmart over years. To overcome the situation the company merged with Sears to form the Sears Holding Corporation. The former boss of Kmart and current chairman of Sears Holding Edward Lampert knew that the merger of business houses was more than a merger of financial sheets. He wanted a common customer-oriented culture to be developed for the new organization. He engaged many small training companies for his mission.

Need for Disaster Recovery Plan: Business organizations have business processes running which if interrupted can cause loss of revenue and/loss of reputation for the organization. Some of the business processes can be identified as critical processes which if affected can directly impact the output of the firm.

The release of greenhouse gases into the atmosphere is the principal cause of global warming. Besides the industries, the Global Environment Facility (GEF) has reported that about 1.4 billion individuals worldwide use fossil fuel as a primary source of energy to sustain their needs in energy.

In 2005 two big retailers came together to win the competition in the retail market. Normally it would have been expected that if two big players came together, they would win the market merging their capabilities and skills. But it was not all rosy. Kmart was struggling with bankruptcy and Sears was not doing well either.

The next target for this startup is to achieve 1 million dollars in sales target. To achieve this target the company has to win over new clients, as well as it has to retain existing clients. The company had a good beginning with many tech clients that it got in the first two years.

The primary focus of life has changed according to Needleman to money now. It was not the same in the Middle ages where bargaining and trade were in place instead of digital or paper money. Needleman is of opinion that the people in the Middle ages were not so concerned about wealth.

Product innovation is one of the keys to success in the market. Companies innovating continuously are able to maintain a product differentiation edge over their competitors. It is like a race where the company which can come up with a better product or cheaper product may develop an edge over the rest of the competitors.

Sustainability has become a popular term in recent times. The concept of sustainability has become popular in response to the current crisis of climate change. Though sustainability itself is a bigger concept and not restricted to being responsible only for the environment. Sustainability is about running processes, particularly businesses, in such a way that it does not create a negative impact harming the running of those processes or businesses themselves (Diesendorf, 2000).

The word “leadership” comes from a combination of words including “lead”. To successfully lead others is leadership ability. Though everyone can have a 5slightly different understandings and meanings of “leadership” for themselves.

Spirit has many descriptive names in New Thought. Divine Mind, First Cause, God, Universal Intelligence. Universal Intelligence is the everywhere-present all-knowingness of Spirit. Universal Intelligence knows all things and everything because it knows only itself, which is everything.