Increasing Firm Competitive Advantage Through Use of an Employee Stock Ownership Plan (ESOP)

Increasing Firm Competitive Advantage Through Use of an Employee Stock Ownership Plan (ESOP)

Author: Bob Jack

Publisher: Urlink Print & Media, LLC

Published: 2019-08-21

Total Pages: 100

ISBN-13: 9781643677521

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Board directors, CEOs, and senior management teams constantly search for the competitive edge that will put their firms on top, sustain profits and increase profit potential. In this book, an employee stock ownership plan (ESOP) will be examined as a way to create distinctive competencies, create lasting competitive advantage, sustain profits and increase profit potential for a global engineering company which for the purposes of this book will be named ENGCO. As such, the book will evaluate ESOP as a strategic management resource. ESOPs unique capacity to eliminate or reduce internal weaknesses, create and reinforce internal strengths, protect against external threats and to help the firm capitalize on external opportunities will be discussed and illustrated. Of primary importance in the strategic process is the identification and creation of distinctive competencies. A distinctive competence is the corporation's unique position with regard to its competition and the company's use of its resources. Strategic management concepts, terminology and analytical methods will be applied in this integrative case study that assesses ESOP as a unique strategic resource. ACKNOWLEDGEMENT I want to acknowledge and thank Parsons Corporation's Chairman, CEO and President Charles Harrington for his contributions and assistance in this book's preparation, particularly with updating the Company's recent decision after 35 years as a 100% ESOP owned Company to again go public in 2019 through the NYSE under a highly successful Initial Public Offering. Harrington has served as Chairman and CEO since 2008 during which time the company has been highly successful and under Harrington's leadership is transforming the Company's business from an engineering and construction company into a technology based company in the high performance defense, intelligence and critical infrastructure markets. Harrington has retained the company's highly successful ESOP culture as well.


Employee Ownership

Employee Ownership

Author: Carol A. Beatty

Publisher: Wiley

Published: 2001-11-30

Total Pages: 0

ISBN-13: 9780471646419

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10 FRONT LINE STORIES ON HOW TO ATTRACT, KEEP AND DEVELOP GOOD EMPLOYEES At a time when employers are searching for new and innovative ways to motivate and retain key talent, employee stock ownership plans are proving to be powerful retention and reward strategies that have a positive impact on profitability, revenue growth, and productivity. Employee ownership is relatively inexpensive to initiate and it can help firms gain a competitive edge - the 15% advantage cited by of one of the CEOs profiled in this book. Employee Ownership: The New Source of Competitive Advantage vividly describes the advantages, challenges, disappointments, and triumphs of managers and employees of ten Canadian companies that have made the transition to employee ownership. It will serve as both inspiration and a roadmap to others looking for a new source of competitive advantage. Despite increasing interest in employee ownership programs, there is little available in the marketplace for owners, managers and employees that is accessible, with sound advice and techniques.


Shared Capitalism at Work

Shared Capitalism at Work

Author: Douglas L. Kruse

Publisher: University of Chicago Press

Published: 2010-06-15

Total Pages: 433

ISBN-13: 0226056961

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The historical relationship between capital and labor has evolved in the past few decades. One particularly noteworthy development is the rise of shared capitalism, a system in which workers have become partial owners of their firms and thus, in effect, both employees and stockholders. Profit sharing arrangements and gain-sharing bonuses, which tie compensation directly to a firm’s performance, also reflect this new attitude toward labor. Shared Capitalism at Work analyzes the effects of this trend on workers and firms. The contributors focus on four main areas: the fraction of firms that participate in shared capitalism programs in the United States and abroad, the factors that enable these firms to overcome classic free rider and risk problems, the effect of shared capitalism on firm performance, and the impact of shared capitalism on worker well-being. This volume provides essential studies for understanding the increasingly important role of shared capitalism in the modern workplace.


Equity Markets and Portfolio Analysis

Equity Markets and Portfolio Analysis

Author: R. Stafford Johnson

Publisher: John Wiley & Sons

Published: 2014-06-30

Total Pages: 720

ISBN-13: 1118202686

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Understand today's investment challenges and the role of the Bloomberg system In recent years, changes have swept through the investment industry like wildfire. Academia has followed along and provided new lenses for viewing this transformation, as well as new strategies for gaining a true understanding and knowledge of investment and financial markets. Now, Equity Markets and Portfolio Analysis has been created to further inform investment professionals and finance students on the basic concepts and strategies of investments, and to provide more detailed discussions on advanced strategies and models. The concepts covered in this book will help readers gain a better understanding of the markets and uses for an increasing number of securities, strategies, and methodologies. Equity Markets and Portfolio Analysis is the only core investment book that covers the functionality of Bloomberg terminals, increasingly critical tools both in the classroom and on the trading floor. As Bloomberg terminals now play a key role in the research, teaching, and managing of student investment funds, understanding the system's information and analytical functions has become more important than ever. In-depth coverage of fundamentals through more detailed concepts for students and professionals who want to better understand the evaluation, selection, and management of securities One-of-a-kind training and instructional course, introduction to Bloomberg investment subjects, and reference for CFA preparation Bloomberg material provided in an appendix accompanying each chapter, a useful option for professors Ideal for finance practitioners, investment bankers, and academics This unique resource will give readers both the foundational knowledge and the analytical tools necessary for investment success, both in the classroom and in the real world.


Essentials of Contemporary Business

Essentials of Contemporary Business

Author: Louis E. Boone

Publisher: John Wiley & Sons

Published: 2013-11-27

Total Pages: 336

ISBN-13: 1118336496

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This text is an unbound, binder-ready edition. We've listened. Boone/Kurtz, Essentials of Contemporary Business is the flexible, current, and easy-to-use resource that today’s students and teachers want. Our commitment to delivering solutions at the speed of business has produced the perfect combination of current material, illustrative examples and a storytelling narrative -- all in a brief, valued-priced package. Covering all of the major topics of the introduction to business course, Boone/Kurtz, Essentials of Contemporary Business offers shorter chapters and a visually pleasing design paired with a comprehensive suite of resources to help you make business concepts come alive. Experience a textbook program that supports your goals to stimulate curiosity, show relevance, promote creativity, and prepare students for what's ahead, in both their academic and business careers.


Introduction to Business

Introduction to Business

Author: Lawrence J. Gitman

Publisher:

Published: 2024-09-16

Total Pages: 1455

ISBN-13:

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Introduction to Business covers the scope and sequence of most introductory business courses. The book provides detailed explanations in the context of core themes such as customer satisfaction, ethics, entrepreneurship, global business, and managing change. Introduction to Business includes hundreds of current business examples from a range of industries and geographic locations, which feature a variety of individuals. The outcome is a balanced approach to the theory and application of business concepts, with attention to the knowledge and skills necessary for student success in this course and beyond. This is an adaptation of Introduction to Business by OpenStax. You can access the textbook as pdf for free at openstax.org. Minor editorial changes were made to ensure a better ebook reading experience. Textbook content produced by OpenStax is licensed under a Creative Commons Attribution 4.0 International License.


Professional Practice 101

Professional Practice 101

Author: Andrew Pressman

Publisher: Routledge

Published: 2021-05-30

Total Pages: 265

ISBN-13: 1351377884

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Professional practice courses often suffer from a boring reputation, but there’s nothing dull about this updated, cornerstone edition of Professional Practice 101, which renders accessible the art and science of contemporary architectural practice. With its unique focus on links between design thinking and practice, this third edition brings an inspiring and fresh perspective to the myriad issues involved in successful architectural practice. The process of providing architectural services in today’s constantly evolving practice environment must be just as creative, intellectually rigorous, and compelling as wrestling with design problems. In this new edition, packed with invaluable advice from leading experts, Andrew Pressman bridges the knowledge and experience gap between school and practice covering topics such as: Ethics, social responsibilities, and obligations to the environment Design firm types, culture, and leadership Financial, project, and time management Service and project delivery; leveraging emerging technologies Entrepreneurial business models and business development Legal issues, including AIA contract document analysis Collaboration and negotiating with clients and stakeholders Practice-based research Students and early-career professionals will discover the fundamentals they need to launch their careers as well as more sophisticated strategies that will allow them to thrive as their roles evolve and they assume increasing responsibilities. This engaging, comprehensive primer debunks the myth that recent architecture graduates have little or no guidance to prepare them for business. Professional Practice 101 is a learning tool that will readily deliver the knowledge and background for success in current architectural practice.


Fundamentals of Human Resource Management

Fundamentals of Human Resource Management

Author: Mary Gowan

Publisher: SAGE Publications

Published: 2023-12-21

Total Pages: 700

ISBN-13: 1071927396

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Fundamentals of Human Resource Management for Competitive Advantage delves into the essential principles and practices of human resource management with a focus on gaining a competitive edge in the modern business landscape. A wide variety of learning tools in each chapter keeps students engaged and helps them bridge the gap between theoretical concepts and real-world applications.