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JOURNAL 2

Week Two Journal: Breakdown of Companies

Terry Blankenship

PHI445: Personal & Organizational Ethics

Brian Polte

Ashford University

08/24/2015

Week Two Journal: Breakdown of Companies

I. NON-PROFIT COMPANY: BIG BROTHERS, BIG SISTERS

In today’s world, the number of children growing up with only one parents seems to get larger day by day. It can be hard on a single parent to provide for their children and be there on a constant basis. Big Brothers, Big Sister is a non-profit organization whose goal is to provide assistance to these children that have these issues and guide them. They provide children with one on one sessions with qualified mentors to help reach their full potential. The main basis is to keep children on the right path, steering them away from trouble, educational success, and helping with communication skills.

Big Brothers was the first name of the organization and began in Cincinnati, Ohio 1903 which currently has over 400 agencies nationwide. In 1976, Big Brothers and Big Sisters merged to become the organization that runs today. Currently the main headquarters is located in Tampa, Florida and lead by Pam Iorio. Their organization also has several other board member also. The company is tax exempt and deem so by the Internal Revenue Service 501(c)(3) because it runs on donations. Some of the major sponsors are Jack In The Box and JCP which have donated over a million dollars. To also help with getting more mentors and donations, the organization holds several events throughout the year for support and raise awareness.

What the organization offers, has evidenced that it does make a difference for the children that belong to it. The mentors take the kids to places that their parents cannot afford. They are there if the children need a friend. Even though the company does not want it, the mentors can help school work as well. One of the biggest issues the organization faces is money though. Because it runs on donations, this could bring a lot of unwanted stress. In 2013, one of the Kentucky locations was on the verge of shutting down due to the lack of money.

II. PROFIT COMPANY: LOWES.

Lowes is a company where I spend a lot of time at. Lowes is a home improvement company which sells a variety of products like drywall, fridges and stoves, to even cleaning supplies. The company was founded by Lucius Smith Lowe in 1921 in Wilkesboro, North Carolina. The main headquarters in located in Mooresville, North Carolina and the CEO is Robert Niblock. After Lucius past away, his daughter inherited the store and sold it to her brother Jim 1940. After a partnership with Carl Buchan, the two split after growth differences and Buchan took over in 1946.

There are over 1800 store locations in several countries, but most is located here in the United States. The company’s revenue is over 56 billion and had a net income just over 2.5 billion in 2014. The company has over 250,000 employees currently. Currently there is only one other company that could truly compete with Lowes, being Home Depot. Lowes was at risk to going out of business when Home Depot decided to go to the big store plan. Because of this Lowes had to grow with the market to keep up. Now the two battle over suppliers of products for example, Lowes sells Kobalt products and Home depot does not. The company ran into treatment of employee issues when they were sued over an overtime compensation dispute in 2002. They sponsor several sports team including the Yankees and Hendricks Motorsport’s driver Jimmie Johnson. They also support foundation such as Habitat For Humanity.

References:

Big Brothers, Big Sisters Retrieved From: http://www.bbbs.org/site/c.9iILI3NGKhK6F/b.5962335/k.BE16/Home.htm

Lowes Retrieved From: http://www.lowes.com/cd_About+Lowes+Landing+page_567636953_?storeId=10151&langId=-1&catalogId=10051