Impact of Guilds on Medieval Life Research Paper

Impact of Guilds on Medieval Life - Research Paper Example Guilds were the early associations of skilled workers that originated in the European countries – mostly, France, Germany, England and Italy – which had the written consent of the authority of their region to manage the workforce relevant to the requirements of job owners. Guilds had their advantages of working as collective union whereby ensuring employment opportunities to all the members with reasonable wages and social respect. They held high regards from the monarchs and clergymen for the unique knowledge they possessed for accomplishing the required merits at their desired fields of work. This essay focuses on the influence of guilds in industry, trade and economy across the world during the medieval period. Origin and Extend Guilds were probably the first organized group of individuals set for contributing money and effort towards a common goal in the history of mankind. They comprised the involvement of people from all walks of life which had the original root f rom the Anglo-Saxon civilization throughout Europe. According to Staley, as early as the period of Roman Empire, trade unions were formed with the association of men of similar age, interests, instincts and employment skills and trained for the purpose of the wellbeing and the moral guidance of the society (33). Early guilds were effectively trained by the trade schools for the military purposes and for the constructive requirements of kingdoms. Trained guilds were able to handle jobs in organized sectors, and most of them provided employment to individuals working from their homes. Organized activities of guilds had their influence greatly on the administrative sectors of revenue and merchandise in the early European economy. Since the ancient trade involved international transport of commodities, merchants had formed guilds that operated their business mainly through sea-routes. These trade gilds were the founders of sub-classes of business processes like wholesalers, retailers an d business agents in their domestic as well as international commerce. The foremost of all their achievements was the formation of colonies in foreign countries for the easy access to international business. A clear reference of the proceedings of the early merchant guilds focus the light to the centralized business management applications they employed in the international commerce. Some studies like that of Richardson show that these guilds had a strict regulation of a contractual relationship among members by which they were collectively responsible for the default of each member; and in case of the goods being forfeited at a foreign port for alleviating bad debts, the owner could claim for compensation from the actual defaulter at his home country. Craft guilds, on the other hand, focused on the promotion of particular trades and owned small work units that usually operated from home. Their basic segment of work related to conversion of agricultural commodities to consumable goo ds and their sales in the open market. Bakers, butchers and brewers were the most important category that held the profession in the consumer goods trade. More durable goods were the elements of manufacture guilds that produced goods and sold them in distant markets besides meeting the demands of the local buyers. Under the durable’

An Overview of Management Practice of Whole Foods Essay

An Overview of Management Practice of Whole Foods - Essay Example It was an opportune time since consciousness of people on the healthy lifestyle has begun; there is an increasing educated age and wealthy population, and environmental concerns are spanning across the globe. 2. Brief Overview of the Company Whole Foods was formed in 1978 by two friends, John Mackey and Rene Lawson Hardy from a borrowed capital of $40,000 to sell natural foods in Austin, Texas. It was originally known as Safer Way, to be distinct from Safe Way that was also in Austin, Texas. Expansion and mergers has been part of its business strategies as, within only two years after it was formed, it entered into a partnership with a grocery store that resulted into the opening of the Whole Foods Market in 1980. It didn’t stop there since from then on; WFM had several acquisitions of companies carrying organic products. In 1992, the company went public trading in NASDACQ Global Select Market. It sales revenue saw successive growth that reached $11.7 billion in 2012. Correspo ndingly, shareholders earnings have steadily increased, from $0.82 in 2008 to $2.52 per share in 2012. In 2013, its stores are located in 335 sites in North America, Canada, and United Kingdom with prospects of aiming for more stores opening in years to come. The store offers perishable foods, grocery, meat and poultry, seafood, bakery, prepared foods and catering, specialty beer, wine and cheese, coffee and tea, nutritional supplements, vitamins, body care, educational products, floral items, pet products and household products (Whole Foods Market 2012 Annual Report). WFM is the world’s leading retailer of organic foods and is the first grocer to be certified as â€Å"organic†. Its corporate mission is â€Å"to promote the vitality and well-being of all individuals by supplying the highest quality, most wholesome foods available†. This has been translated to a core mission, of â€Å" promotion of organically grown foods, healthy eating, and sustainability of t he eco system†. 3. Motivational tools and strategies such as Work Life Balance, Benefits ,Virtual Work, Rewards, Recognition, Performance Management, Training and Development Fortune List has ranked WFM for 15 consecutive years as â€Å"One of the Best Companies to Work for in America†. This recognition acknowledgment bears out WFM’s commitment to fulfill its core values of â€Å"Supporting team members’ happiness and excellence.† . As motivational tool, WFM has designed a â€Å"Total Health Immersion and Healthy Discount Incentive program to promote health of its employees. This program aims to educate members and create awareness of the benefits of healthier habits that contributed to year-over year decreases in participant medical claims and inpatient stays in hospital, and an increase in annual preventive wellness exams. WFM recognizes team member’s efforts so much so company supports them in many other ways. Part of its package compensa tion plan includes a generous store discount, medical care, dental and vision plan, life insurance, retirement savings plan, gain-sharing program, stock option plan and emergency funds, paid time off and leaves of absences. A salary cap limits cash compensation (wages plus