Learn more about LFCG:
Goodwill is an intangible asset that is listed in our business balance sheet. Goodwill is loosely divided into personal goodwill, intellectual goodwill, and business goodwill. Together they reflect the value of the time and energy we have spent creating and growing our company.
Intellectual goodwill includes the ideas, procedures, and methods that add value to the company because they are uniquely ours. Our business customer base, supplier list, credit files, mailing lists, and advertising campaigns and materials are part of our intellectual goodwill. Unique databases, computer designs, and programs, engineering drawings, and schematics are intellectual goodwill. Our employee manuals, training methodology, and proprietary systems are also part of our intellectual goodwill.
Business goodwill is the value found in LFCG’s good name and recognition value. It is our business reputation apart from our personal goodwill. Business goodwill is enhanced for us by being in a growth industry that has substantial financial ratios. The number of our royalty agreements, franchise contracts, licenses, exclusive contracts, and distributorship rights are valued over their purchase costs is considered goodwill for the advantages they give our business over our competitors.
Our trademark is a recognizable insignia, a phrase, and a symbol that denotes our specific commercialization service and legally differentiates it from all other products of its kind. A trademark exclusively identifies a product as belonging to LFCG and recognizes the company’s ownership of the brand.
Copyright is a legal means of protecting our work. It is a type of intellectual property that provides exclusive publication, distribution, and usage rights for LFCG as authors. This means whatever content we have created cannot be used or published by anyone else without consent from LFCG.
Our business models are patented. A patent is a form of intellectual property that gives its owner the legal right to exclude others from making, using, selling, and importing an invention for a limited period of years in exchange for publishing an enabling public disclosure of the invention.
Everything LFCG does is part of a carefully developed business process. A business process is a collection of related, structured activities or tasks by people or equipment in which a specific sequence produces a service or product (serves a particular business goal) for a particular customer or customers. Business processes occur at all organizational levels and may or may not be visible to the customers. A business process may often be visualized (modeled) as a flowchart of a sequence of activities with interleaving decision points or as a process matrix of a sequence of activities with relevance rules based on data in the process. The benefits of using business processes include improved customer satisfaction and improved agility for reacting to rapid market change. Process-oriented organizations break down the barriers of structural departments and try to avoid functional silos.
Business ethics is our applied ethics or professional ethics that examines ethical principles and moral or ethical problems that can arise in our business environment. It applies to all aspects of our business conduct and is relevant to the behavior on an individual level and for the whole LFCG organizations. These ethics originate from individuals, organizational statements, and from the legal system. These norms, values, ethical, and unethical practices are the principles that guide our business. And they help LFCG to maintain a better connection with our stakeholders.
For LFCG, business ethics have two dimensions, normative business ethics, and descriptive business ethics. As a corporate practice and a career specialization, the field is primarily normative. Academics are attempting to understand business behavior employ descriptive methods. The range and quantity of business ethical issues reflect the interaction of profit-maximizing behavior with non-economic concerns.
For LFCG business integrity is to do the right thing even when no one else is around.
In business, quality has a pragmatic interpretation as the non-inferiority or superiority of something; it’s also defined as being suitable for its intended purpose (fitness for purpose) while satisfying customer expectations. Quality is a perceptual, conditional, and somewhat subjective attribute and may be understood differently by different people. There are many aspects of quality in a business context, though primary is the idea we as business produces something, whether it be a physical good or a particular service.
Our services and how they are produced involve many types of processes, procedures, equipment, personnel, and investments, which all fall under the quality umbrella. Key aspects of quality and how it’s diffused throughout the business are rooted in the concept of quality management.
Quality planning is implemented as a means of “developing the products, systems, and processes needed to meet or exceed customer expectations.” This includes defining whom the customers are, determining their needs, and developing the tools (systems, processes, etc.) needed to meet those needs. For LFCG, quality assurance is implemented as a means of providing enough confidence that business requirements and goals (as outlined in quality planning) for a service will be fulfilled. This error prevention is done through systematic measurement, comparison with a standard, and monitoring of processes.
Quality control (QC) is implemented as a means of fulfilling quality requirements, reviewing all factors involved in the production. So that LFCG can confirm that the service produced meets organizational goals, often using tools such as operational auditing and inspection.
Quality improvement is implemented as a means of providing mechanisms for the evaluation and improvement of our processes, etc. in the light of their efficiency, effectiveness, and flexibility.
LFCG EHS (environment, health, and safety)
Environment (E), health (H), and safety (S) (together EHS) is a discipline and specialty that studies and implements practical aspects of environmental protection and safety at work. In simple terms, it is what LFCG does to make sure that our activities do not cause harm to anyone. Commonly, quality – quality assurance & quality control – is adjoined to form the company division known as HSQE. From a safety standpoint, it involves creating organized efforts and procedures for identifying workplace hazards and reducing accidents and exposure to harmful situations and substances. It also includes training of personnel in accident prevention, accident response, emergency preparedness, and use of protective clothing and equipment. Better health at its heart should have the development of safe, high quality, and environmentally friendly processes, working practices and systemic activities that prevent or reduce the risk of harm to people in general, operators, or patients. From an environmental standpoint, it involves creating a systematic approach to complying with environmental regulations, such as managing waste or air emissions to helping sites reduce the company’s carbon footprint. Regulatory requirements play an essential role in EHS discipline, and our EHS managers must identify and understand relevant EHS regulations so that LFCG can implement suitable measures. EHS management is not limited to legal compliance, and LFCG is proud always to do more than is required by law.
Business resilience is the ability LFCG has to adapt to disruptions while maintaining continuous business operations and safeguarding people, assets, and overall brand equity quickly. Business resilience goes a step beyond disaster recovery by offering post-disaster strategies to avoid costly downtime, shore up vulnerabilities, and maintain business operations in the face of additional, unexpected breaches. LFCG business resilience begins with an understanding that workflows must be preserved in order for organizations to survive unexpected events. An often-overlooked challenge of business resilience planning is the human element. All LFCG employees, partners, and assets are prepared and educated on how to respond accordingly.
The data is clear: an equal world is a better world for all of us. When equality grows, communities are healthier, businesses are stronger, economies rise – and the world is a better place for everyone. Equality and diversity in the workplace mean many things. They’re about respecting our staff for their age, gender, race, cultural background, career experience, skills, beliefs (religious and philosophical), sexual orientation, and more. We at LFCG found that hiring people from all kinds of backgrounds widens the range of thinking that takes place in our office. When we put a bunch of very different people (but all of them talented) in a room, we are stimulating their creativity by allowing them to present their unique ideas. LFCG now offer our services on a global scale; a diverse workforce helps us better understand our customers. And a diverse workplace breaks down language barriers. Promoting equality and diversity has increased employee satisfaction for us.
We pride ourselves on how we apply attention to detail to routine tasks defined informal, written procedures, and oral instructions. We perform tasks according to quality and output standards that demonstrate operational agility. Identifies potential areas of conflicting priorities and vulnerability in achieving standards and sets the vision, defines the value and acts as a role model for creating a culture that sets superior standards and delivers on time and budget every time.
Brand equity refers to a value premium that LFCG generates from our services with a recognizable name when compared to a generic equivalent. We work continuously on creating brand equity for our services by making them memorable, easily identifiable, and superior in quality and reliability. LFCG utilizes mass marketing campaigns to help to build brand equity. LFCG, as a company, has positive brand equity, and our customers are, in general, willing to pay a premium price for our services, even though they could get something similar from a competitor for less. Customers, in effect, pay a price premium to do business with a firm they know and admire.
Brand valuation is the job of estimating the total financial value of our brand. Like the valuation of any product or self-review, a conflict of interest exists if those that value the brand also were involved in its creation. The ISO 10668 standard sets out the appropriate process of valuing brands and sets out six key requirements: transparency, validity, reliability, sufficiency, objectivity, and financial, behavioral, and legal parameters.
In sociology, academic capital is the potential of an individual’s education and other academic experience to be used to gain a place in society. Much like other forms of capital (social, economic, cultural), academic Capital doesn’t depend on one sole factor the measured duration of schooling but instead is made up of many different factors, including the individual’s academic transmission, the status of the academic institutions attended, and publications produced by the individual. And for LFCG making sure our academic capital, as an organization, is top of the line is vital.
It is insight, competence, know-how, ambassadors, network, and inside information in the travel, tourism, and leisure industry. LFCG strives always to have the inside lane for developing our industrial capital for the advantage of our clients.
Financial resources, as in equity or access to a network able to provide such resources, are essential. LFCG strives to continuously develop this access on behalf and together with our prospects and clientele.
Recruiting is all about trust and credibility, and one of the best ways to obtain that is by being as transparent as possible. Being open and clear with candidates helps LFCG to set proper expectations, avoid disappointments, and shape a positive candidate experience. By being transparent, we find it easier to recruit top talent; in general, we also have higher rates of employee retention because expectations have been clear from the beginning.
When LFCG does headhunting, there are ethical issues related to headhunting, confidential data of the prospective employee, confidentiality. It is of the utmost importance for LFCG that any such issue is handled according to the highest standard and with complete transparency for all parties involved.
Academic competence is a perishable commodity and needs refreshment and development continuously. We provide all our employees, partners, and assets with masterclasses in any filed or for any subject deemed necessary. Our masterclasses are developed together with collaborating academic institutions and our assets within that special file or for that special subject.
Mentoring is essential for LFCG’s organizational development; this is how we cultivate and develop industry expertise and capital throughout the organization. For LFCG, mentoring also helps us develop and adapt our corporate culture across gender, cultural, and ethnic differences, helping LFCG to be the best version of itself, always.
Healthy living is important for LFCG, and we believe that our employees, partners, assets, investors, and clients are more effective and better stakeholders for LFCG if they are at god health. We will provide everyone with an individual adapted work out plan, a nutritional regime, and access to instructional videos.