CVS Pharmacy Essay Project Research Paper Example | Topics and Well Written Essays - 1250 words

CVS Pharmacy Essay Project - Research Paper Example As an organization, CVS is well aware of the fact that a company’s culture has got great impact on its customers and performance. They are very much successful of building up their identity as one of the biggest pharmacy innovation company. To be precise, the organizational culture of CVS could be highlighted in three ways. The CVS has a tradition to honor their best employees with appreciation by means of awards and incentives. This creates a motivational boom within the employees and they tend to work harder. At the end of each calendar year two Award functions are held at CVS. Paragon Awards to honor the best employees in different departments. Chairman’s Awards are held to appreciate the members of the corporate management. This not only motivates the employees but by following this tradition CVS is able to produce remarkable results as an organization. One of the best parts of CVS’s culture is their diverse management. This enables CVS to satisfy the needs of the customer and provide them with best of their services (Berlinski, 2006). Diversity helps them to attract and maintain the talented people to work for them. The management always welcomes new innovations and ideas for improvement from their colleagues and everyone has equal right to contribute to the success. It was completely an honor and pleasure to use the CVS Care Mark a couple of weeks before. One of the best customer services that I have ever witnessed till date. As I entered into the store I was greeted with immense respect as if I was a celebrity. The name of the lady who guided me through was Lorna. It was so nice to see such a helpful clerk working in the store who makes its customers feel so comfortable. The most unique part of the CVS Caremark is its instant response to the customers need. I can say this because the moment I placed my order,

Finance Dissertation Example | Topics and Well Written Essays - 12000 words

Finance - Dissertation Example These sorts of scandals caused several studies in which scholars and financial analyst tried to identify the content of information that the directors usually possess through which the directors were able to generate higher profits in the stock market. This paper clarifies whether directors outperform their business markets whenever they trade, when they buy, or when they sell. The research paper also establishes the characteristics in transaction level, the firm level, or the director-level, which determine the directors’ trade profitability. Based on the same, hardly any existing studies provide adequate empirical evidence of percentage gain by directors generated by directors in their process of purchasing or selling company shares. The paper also provides that directors are better selling off shares, through insider trading, rather than purchasing them at comparatively lower prices. For testing, data was extracted from the New York Stock and NASDAQ of fifty randomly select ed companies. The insider trading information of these companies for the financial period January 1, 2009 until June 30, 2012 was analyzed. The testing has proved the hypothesis that directors are able to generate abnormal profit through the insider trading sale transactions. 1.0 Introduction In the world of economics and finance, when it comes to financial malpractices, insider trading tops the list. Insider trading is one of the most notorious financial crimes being practiced by managers, directors and other employees all around the globe. An individual who has direct and reliable access to the non-public information about the security can define insider trading as the buying and selling of a security. Insider trading is not always considered as a malpractice or illegal and is subjective to the underlying intention to the transaction. The statement can be further elaborated by considering the fact that if the trader is reaping profits on the basis of such information which is not being public yet, then the insider trading transaction is illegal. In addition, insider trading does not always mean that buying and selling of security is taking place. Providing confidential information to a third party, in exchange of monetary or any other form of consideration, is also illegal. The practice of insider trading is not confined to Directors of any corporation but the practice also prevails among brokers and even the family members of the directors. Although, once the information is public, the inside transaction is not illegal as the parties involved does not derive any unfair advantage over the general public. Media has made the masses at general knowledgeable with the passage of time and they have also equipped themselves with the technicalities of insider trading especially after the cases of Enron and Martha Stewart. The Securities and Exchange Commission of USA has adopted the practice of enforcing strict and practical guidelines which distinguishes legal and illegal trading of the shares by the inside people. Insider trading is not a recent or a latest money making gimmick which has been exploited by the directors and managers to earn higher return. The history of insider trading dates back to the great depression as well. The securities and exchange commission of the United State