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In such cases, specialists advise that SMEs should focus on the factors that significantly influence the successful implementation of these standards (Baxter, 2004). These factors are represented by cost reductions, risk management, marketing opportunities, interested parties, and others. Cost reductions can be achieved by resources and waste consumption. Environmental management systems help companies develop programs intended to reduce resources consumption, to monitor and control this process while working towards reaching their objectives.
There are several strategies that can be used in order to successfully integrate environmental management systems in companies' strategy. This is usually achieved by developing an implementation team. This team should be consisted of important staff members. It is recommended to address department managers and team leaders. This helps maintain management's commitment towards integrating environmental sustainability within the company's strategy (Johnson, 1997). In addition to this, it helps better communicate environmental strategies and objectives to employees and to…… [Read More]
The benchmarks used in evaluating investments' performance are represented by overall indexes like NASDAQ, or industry specific indexes. Business practice has revealed that economic performance is significantly influenced by environmental and social performance. Therefore, it is important that companies include this indicator in their sustainability reports to stakeholders.
This indicator is of great interest to stakeholders like investors, awarding authorities, banks that finance companies in different projects they develop, project developers, and others. This indicator is used in analyzing direct investments. It is of great importance in industries where production costs are quite large. This is the case of the construction industry, the automotive industry, the oil and gas industry, and others.
International organizations that establish standards in environmental sustainability state that companies should assess life cycle costs in order to make their decisions, it seems that the evaluation of production costs tends to be preferred by these…… [Read More]
Sustainable Business Model: The Impact of Sustainability on Shareholders
The objective of this study is to consider the need for adopting sustainability as a business model and to present evidence both for and against sustainability as part of the company's business model.
The Economist writes that the phrase 'the tripe bottom line' was first stated by the founder of a company called SustainAbility in 1994, John Elkington. Elkington posited that companies needed to compare three bottom lines including the first for measuring traditional corporate profit, or that of the profit and loss account and secondly, that of the company's "people account" which measured the level of social responsibility of the company. Finally, the third bottom line was stated as the company's level of environmental responsibility. (Paraphrased, 2009) These three formulate the triple bottom line of "profit, people, and planet." (The Economist, 2009, p.1) Alex Steffen states that while society…… [Read More]
Growth Sustainable Business Plan
Proposed New Business
Intellectual property rights (IP)
esources equired for the Plan
Cash Flow Forecast
Plan for obtaining resources
Type of organization and the Management Information Systems
Vision for the Business Idea
Growth Sustainable Business Plan
Systemic Software Technology is an organization established in 1998 dedicated in designing, and marketing of software products. Since the formation of the company, the organization has enjoyed significant growth. With the rapid development of Information Technology (IT), the company has enjoyed increase in demand for the software products from virtually all sectors in the United States and outside the United States. Since 1990s, the company has designed and marketed several software products ranging from the accounting software to the human resources software for the organizational efficiencies. Bulk of the software products that the organization has designed and distributed are…… [Read More]
The strategy P&G deliberately took was to bring greater sustainability into their supplier management processes to the product and process level while also concentrating on cost reduction and supplier efficiency. This strategy paid off very well in European markets where sustainability standards and requirements are exceptionally high and more stringent compared to the United States (Neto, Walther, Bloemhof, van Nunen, Spengler, 2010). When these benefits are taken over the long-term, they being to also influence product development and lead to even more aggressive goals being set and achieved. P&G has specifically focused on using its supply chain to fuel the development of Sustainable Innovation Products (SIP). Figure 2 from the latest Sustainability eport shows how successful this strategy continues to be for nurturing new innovation.
Figure 2: Sustainable Innovation Products Developed From Supply Chain Initiatives
P&G's focus on the sustainable supply chain has given them the ability to not…… [Read More]
Additionally, businesses must anticipate seasonal shifts in demand when allocating and anticipating costs. A toy company cannot assume that the revenue it enjoys after a Christmas marketing a 'hot toy' will be sustained all year 'round.
In terms of taking a long-term view, a business should treat its employees in an ethical fashion. If employees are treated in a respectful manner, they are likely to perform better and show more loyalty to the organization. Additionally, if a company is found to be exploiting its employees, as was the case of Nike and the 'sweatshop'-type conditions of its offshore operations, this negative publicity can deter individuals from buying from the company. Employee costs in the long and short-term, in terms of compensating employees for overtime and giving them reasonable benefits, must also be included in the business plan. Also, the possibility of stock options, should the company incorporate, is another issue…… [Read More]
Business Structure and Ethics in Organizational Behavior
Business ethics can also be known as corporate ethics. It is described as a form of professional or applied ethics that helps in investigating ethical principles as well as moral or ethical problems that comes up within different business environment. Its application takes place within every aspects of business conduct and it is always of relevance to the individuals' conducts and the organization as a whole. The aim of the paper is to examine ramifications and application of business structure and ethics in organizational behavior that will impact businesses in the next ten years.
Sometimes business may try to make short-term gains when it decides to turn a blind eye to ethics. Even though there are laid down regulatory oversight, code of practice, as well as ever-increasing public pressure, most of the firms always decides to ignore ethical considerations. Moreover, they…… [Read More]
Business, Personal, Moral Ethics
When we know something is right or wrong, good or bad, because of certain facts (not just preferences), we're confronting moral issues. Hurting people is wrong. Wanting vanilla ice cream is probably not, no matter that it may seem offensive to some of us sometimes. Social or cultural institutions that govern our personal principals are imposing moral standards that we can aim to achieve.
Business ethics, however, are different. They are operational guidelines and process expectations; and in many instances it is what one does to conform to this expectation that determines whether they are considered appropriate or not. The goodness or badness is business ethics is a much different issue, since even good business people can do bad things on purpose in search of bottom line profits and that is not necessarily seen as offensive.
When one basically blends these approaches and seeks to use…… [Read More]
P&G has recognized that there are three pillars needed to support its sustainable development strategy. These include environmental protection, economic development, and social responsibility (MacNealy, 2007).
Summary and Future esearch ecommendations
Procter and Gamble's commitment to sustainability has been shown by its development of new products. Product development is geared towards the preponderance of consumers who would like to improve sustainability outcomes without comprising value or quality. During 2008, Procter and Gamble was able to diminish packaging waste by changing many of their standard carton packaging to a fully recyclable seal tight plastic material packaging. This modification in packaging has resulted in an 80% decrease in the amount of packaging that is being used compared to carton packaging (Lloyd, 2009).
Environmental forces disclosed by Procter and Gamble have included water usage, energy usage, carbon emissions and total waste. The company has reported that energy use at its household care plant…… [Read More]
Business Ethics: Corporate Social esponsibility and the Triple Bottom Line
Picture two companies, Company A and Company B. Company A manufactures chemical products and has been on the receiving end of criticism and public outcry for the air and water pollution caused by its chemical manufacturing plant. Due to increased pressure, Company A devises a strategy to start a project that will enable all farmers in the neighboring areas to get clean water in an effort to give back to the community and reduce bad publicity. Company B. is a nonprofit organization which employs visually impaired and handicapped individuals to conduct research on strategies that communities and corporations can apply to conserve the environment. This company uses Braille technology and has come up with a variety of green strategies for both companies and the government. The community benefits from both companies but Company A embraces corporate social responsibility by providing…… [Read More]
Business Ethics magazine recently awarded the Chroma Technology Corporation, a Vermont-based manufacturer of high-tech optical lens products, the "Living Economy Award" as part of the 16th Annual Business Ethics Awards. The Living Economy Award is offered to the company that best exemplifies "the living economy with practices of employee ownership, fair wages, and environmental stewardship," (Business Ethics). One of the key reasons why Chroma earned the accolade was due to its unique official salary structure: no employee earns less than $37,500 and none more than $75,000; therefore, no upper-level management official makes more than twice as much as anyone on the shop floor. Chroma's unique salary structure in part reflects my vision of corporate business ethics and the values I would like to embody as a professional. There are other reasons why I admire Chroma's policies. They employ an egalitarian meeting format modeled after the Quakers; they ensure environmental sustainability…… [Read More]
Sustainable Distibution fo Essential Medicines in Emeging Makets
Business Case Backgound
The Sustainable challenge
Cuent distibution climate of Cue Phamaceutical
The gowing impotance of the emeging makets
Baies to gowth
Pocuement and Distibution
Challenge to oveall sustainability in phamaceutical companies
Patneships utilized in emeging makets and essential medicine distibution
Suggestions of patneships effective in essential medicine distibution
Data gatheing in essential medicine distibution
Sustainable distibution fo essential medicines in emeging makets
Business Case Backgound
This epot addesses the ole phamaceuticals play in emeging makets. Many people have associated these makets as havens fo explosive futue gowth, but thee ae also seious challenges to be faced. The epot will discuss what views investos, stakeholdes, and company executives hold on emeging makets. Thee ae thee pobable significant factos that may sway thei stance. Fist, the efoms ecently made by the govenment egading phamaceuticals and the obligations of multinationals esulting fom the efoms.…… [Read More]
It is essentially a potential solution to a real ethical and economic problem. With so much work and natural resources pumped into producing textiles at such a high waste rate, recycling textiles can provide a way for consumers to reduce their impact and help increase a much more sustainability. This can be seen as especially making an ethical impact in situations where textiles in question were cheaply made on a mass scale, putting natural resources and people in a vulnerable position. Recycling textiles can help provide fabric for future clothing and cloth needs, without the same ethical and environmental impact as creating textiles from scratch. Moreover, it is clear that the industry can save money on manufacturing textiles only to waste them and have to constantly manufacture more and more to fit the needs of the New York and international garment industry. Using recycled textiles can save funds in unnecessary…… [Read More]
Sustainable Energy Storage
One of the most dire and challenging crises faced by the human race today is the complete reliance on the generation of artificial power and energy in order to fuel the world and its daily functioning. The main problem is that the fossil fuels commonly used for these efforts are beginning to run out and prove themselves quite unsustainable. In response, of course, natural, renewable, and sustainable sources of energy have been identified for the purpose of alternative power generation. While these have met with some success, the new challenge now is to find ways of storing energy from sources like the wind and sun, which are intermittent. The main reason for such storage would be the fact that the greatest need for energy is not necessarily in tandem with when the wind or sun is at its highest.
The main problem associated with this is that…… [Read More]
Schaltegger, S. & Wagner, M. (2010). Sustainable entrepreneurship and sustainability innovation: categories and interactions. Business Strategy and the Environment 20: 222-237.
Schaltegger & Wagner (2010) create a usable framework for sustainable entrepreneurship, sustainable innovation, and sustainable business development in "Sustainable entrepreneurship and sustainability innovation: categories and interactions." he article first addresses the purpose for the research. Companies have been traditionally culprits in creating both environmental and social justice problems, necessitating regulations imposed externally. Driven solely by profit, a company will not be likely to pursue innovation or sustainability entrepreneurship unless it was profitable to do so. he authors point out that while this may be true with some organizations in some sectors, that otherwise the business environment is changing. A new framework based on current business trends is proposed by Schaltegger & Wagner (2010). his new framework is based on the fact that many companies -- and their managers --…… [Read More]
Accounting Sustainable Management
The organization's emphasis towards the sustainability is increasing as a response to the scarcity of natural resources and the negative effects on environment by means of ecological hazards. Therefore, the organizations are adapting their business procedure to utilize such resources that are cost effective and environment friendly so that they can earn profits and can remain environment friendly by having a positive image in the society by addressing their social accountability.
Sustainability and its elevance to Business and Accounting
Sustainability and its elevance to WML
Implication of Sustainability in WML
The current study has been conducted in order to analyze the strategic practices of Wave Master Ltd. (WML) with respect to sustainability. The sustainability of a company indicates the extent to which the company is playing its part in the safeguard of biological systems and the extent to which the company is considered as environment friendly.…… [Read More]
Please discuss, in detail, what is meant by a hierarchy of strategy?
In any organization there must be a hierarchy of strategy when any strategy is designed on an organizational level because to implement such a strategy it will have to be coordinated on many levels. For example, the CEO or the Board of Directors may wish to push an organization in a new direction with a high level strategic plan. They could see an opportunity in the market and wish to better position to take advantage of the opportunity that they have identified. However, to move towards such an opportunity it takes effort from the entire organization and they must move in unison. Therefore on lower levels of the organizational hierarchy there will have to be tactical decisions made about how to best organize daily operations to move towards the organizational strategies that have been implemented on…… [Read More]
.....entrepreneur one must endure multiple hardships. These hardships define people as leaders or failures. Women in the last few decades have amidst gender inequality, started businesses. This had led to a major growth in the number of women entrepreneurs in a predominantly male-dominated area. However, while women entrepreneurship has written, the persistent inequalities and continued views of women have led to the assumption that entrepreneurship may still be gendered. Meaning, society views only men as the main bread winners and capable of being effective leaders that entrepreneurs are defined as. This paper supports this assumption and will provide evidence of gendered entrepreneurship as well as literature that goes against such notion, demonstrating the potential for the gender gap to narrow in the future.
To first understand the potential of gendered entrepreneurship, one must first define it. Gendered entrepreneurship is a hypothesis considering entrepreneurship to have gendered patterns. The UK was…… [Read More]
Climate change is something affecting all countries, with particular relevance to low-lying coastal regions. Island nations in the Indian Ocean, for example, and the dozens of nations in the Caribbean are at risk of inundation not just from the constantly rising sea levels from melting glacial ice in polar regions. Climate change leads to warming ocean waters, which in turn lead to more frequent and more severe storms. In addition to island nations, low-lying coastal regions on mainland continents will also become increasingly vulnerable to the effects of climate change. Climate change does impact other regions of the globe and other countries, as weather patterns impact precipitation levels, which could lead to some regions experiencing more severe drought conditions and others more flooding; some regions might incur greater damage from forest fires too, due to the persistent lack of precipitation. Therefore, the risks of climate change are genuinely…… [Read More]
LED Bulb - Marketing Plan
Marketing Situation Analysis
Implementation, Controls, and Evaluation
LED technology has made many breakthroughs in recent years. The most notable of which is its level of cost effectiveness. However, the initial investment required to implement LED light bulbs still exceeds the alternative market choices. Yet the total cost of ownership offers consumers sizable gains. The market segment that this marketing plan is catered to is composed of industrial firms who purchase items in quantity as well as consider such items as the total cost of ownership. It is reasonable to suspect that this segment will be the most receptive to LED technology.
Rationale for Research
LED lighting solutions were chosen because this technology represents the future of lighting. The LED bulbs offer better quality of lighting, have a much longer lifecycle, and require is significantly reduced amount of…… [Read More]
Suppliers tend to have a moderate power on the steel industry. This situation is mostly determined by the switching costs of firms in the industry. Another factor of influence on this situation is represented by the importance of volume to suppliers.
It is difficult for companies to enter the steel industry. This is because of the great investments that are required in order to produce steel products or to purchase them. The limited success to distribution is another factor that increases the difficulty of addressing this industry.
3. Market analysis
This industry is characterized by an increasing demand for steel. The business sectors that report such significant demand increase of steel are represented by: the construction, the infrastructure, and automobile sectors. Producers of steel and organizations in the field tend to focus on developing user friendly steel products. This can be achieved by developing light weighted…… [Read More]
Business Plan -- ocky Mountain Sports Fishing, LLC
Definition of the Market
ecreational fishing is a multi-billion dollar industry in the United States, both for salt and freshwater. Conservative estimates show that there are upwards of 30 million individuals with more than a 1-2 time/annum interest in the sport. This has an overall impact on the economy of $125 billion (Williamson, 2012). Consumer demographics show that it is primarily a male oriented event. Mobility and technology have improved the sport in the last two decades, as well as maps, surveys, and handheld sonar and GPS devices. For this reason, as an organized sport, it is chiefly an upper middle and above income sport that also may require several thousand dollars in travel expense. There are even contests for ice and sport ice fishing in the U.S. And Canada.
Sport fishing is…… [Read More]
In order to accomplish our mission we set forth the following strategic goals, they include:
Build the Financial perspective of our business by addressing how shareholders view the firm and which financial goals are desired from the shareholder's perspective. Goals are closely linked to the business lifecycle and must be adjusted over time. For example, in the early stages, our goal is revenue growth, but as the company becomes more sustainable, profitability will become more important.
Increase customer value by discovering what a customer's needs and value expectations are and then meeting or exceeding these expectations. Some examples of things that customers value include a broad selection of products, quality, service, performance, and low price.
Achieve operational excellence through the internal productivity that optimizes those business processes that will best satisfy customers. Productivity is more than efficiency; it depends on the value of the products and services (utility,…… [Read More]
Many people have become critics of the ethical standards of many industries, yet many such industries (pharmaceuticals, agribusiness, casinos, tobacco companies) remain highly successful.
Since the definition of ethics is always in the eye of the beholder, it is essential that the business frame the issue of ethics in a proprietary manner. Each firm will choose a slightly different version of ethics to which it will adhere, but that choice must reflect the ethical standards of potential investors and potential customers so as to continue to attract both groups. A business with a clearly thought-out, well-defined code of ethics is more likely to have those ethics permeate throughout the organization. If nothing else, the ethical principles will be consistent throughout the organization, such that management and other stakeholders know what to expect from their employees. That, at least, will provide insurance against the likelihood of an Enron-type situation where nobody…… [Read More]
Many businesses in this day and age seek to demonstrate stewardship and resolve to do business within a guideline of corporate social responsibility. In this quest many have chosen to focus on greening their business often including both procurement and manufacture, seeking to reduce the effect of their business on the environment. The different systems approaches that an organization can utilize to demonstrate more effective environmental sustainability are almost as varied as the companies themselves. The utilization of pollution prevention programs depends almost entirely on what it is a company does and what wastes they challenge to control. Additionally companies seek to demonstrate their compliance utilizing various accounting tools that are often made public and become incorporated in their systems designs. These designs will incorporate procurement, logistics, on demand manufacture, i.e. lean manufacture and many other possible systems designs to both demonstrate cost savings and produce a more…… [Read More]
Business and Human esources
Apple Company Inc.
Apple was founded by Steve Wozniak, Steve Jobs and onald Wayne in 1976; however it was integrated in 1977. It is an American company which not only produces computer electronics, personal computers, portable devices and software but also sells them. Apple has been in this business since 30 years and in this time span, it has faced highs and lows in its economic activity. It is not only listed on the NASDAQ with the ticker of AAPL but it has a share in NASDAQ-100 and S&P 500 as well. In 2007, Apple gained extensive fame after the struggle of many years when it introduced the iPhone, iPad and iPod touch in the market (Flippone et al., 2012).
The Organization Today
Flippone et al. (2012) mentioned that Apple has 393 retail stores located in 14 countries since August, 2012. Apple is recognized as the…… [Read More]
The article is an exciting approach to capitalist development in that it finds conditions under which sustainable entrepreneurship and sustainability innovation emerge spontaneously and can practically work. As the study points out, one of the classical things that capitalism does is to "creatively destroy." It is this ability to destroy what is old and does not work and build and impose what is new and does is the primary benefit of capitalism. What sustainable entrepreneurship has done is to apply this as a positive force in realizing the field's lofty goals where public government initiatives have failed to achieve them. The article conducts an extensive literature review to accomplish just this task (ibid. pp. 223-225).
However, until now, there has not been one universally recognized definition of what sustainable development is. Such research and definitions have implications for theory and practitioners in that it clarifies which firms are most likely…… [Read More]
In addition, we might ask ourselves if the richer nations have or not a greater responsibility as far as the research and development in the area of sustainable energy are concerned. (Reid, environmentalleader.com)
elieving that there are such energy sources or consumption policies which would allow the planet's resources to be maintained for a longer period, while making sure that all the nations are provided with a comfortable living is rather naive. Under these circumstances, it has been argued that doing the moral thing means choosing the least terrible solution. The problem is that this implies a relativistic evaluation of the matter which impacts the manner in which the moral principles are conceived.
efore stepping into a debate regarding the character of the moral principles, we may state that we agree with the opinions which state that there is no such thing as objective moral principles."Ethics can be seen as…… [Read More]
Ethical issues and dilemmas have always been hitting the operational performance and sustainability of business organizations. They directly affect the way an organization formulates and implements its policies, operates as an active participant in the industry, and competes with other organizations for the sake of accomplishing its strategic objectives. Ethical issues may relate to the organization's social responsibility or corporate responsibility; both are vital for the organization to ensure a sustainable future in its industry. This paper discusses an ethical issue which was faced by one of the world's most admired organizations -- Apple Inc. The main purpose of the paper is to highlight the ethical issue in which Apple was involved; the consequences of the ethical issue and the individuals involved in the process. The paper starts with a brief introduction to Apple; its main product offerings, industry, scale of operations, and major strategic decisions which it…… [Read More]
Branson cites his early management decisions at Virgin ecords as prime examples of this people-oriented approach:
At Virgin records we attracted some of the best artists because they liked the way we ran it. We never lost a major artist in 20 years which is quite rare in the record industry. We dressed as we felt comfortable. We worked in pleasant buildings rather than office blocks and people working there had fun, enjoyed the job, enjoyed challenging, taking on the major record companies. (Glancey & McQuaid, 2000, p. 94)
If Virgin ecords was going to about catering to the musical tastes of a new generation, then the company that supplied those wants was going to have to be a company that operated in accord with the views and aspirations of that new generation. Traditional business attire and the smug accoutrements of the typical corporate headquarters would be dispensed with in…… [Read More]
As happened with many service businesses during a recession, Jazz Event Productions experienced a drop in revenues in 2010. For a company that has grown steadily throughout its 15-year history, it was an unwelcome first. The decrease in sales occurred primarily because companies faced with tough economic choices because of the recession either cut back or eliminated entirely their budgets for special events. hereas many of our loyal customers continued to trust us to produce their special events just as in past years, others were operating with reduced budgets. As a result, Jazz experienced a period wherein sales dropped by about five percent.
ith the improved economy, sales have returned to pre-recession levels, however, because they are cautious and careful owners who want to perform their due diligence, Alex and Cindy are looking for ways to ensure that the company stays profitable. They believe that the best approach,…… [Read More]
To survive, further market segmentation within the La-Z-Boy family must be created, to engage in risk management through diversification. This can ensure that regardless of how the economy does, some market segment will want to buy some of the company's products, from one of its brands or companies. The corporation can create value-based, low-cost products to compete with al-Mart, for example, offering slightly more customization than the giant retailer, but with fewer styles and fabrics currently offered. Speed might be less of a focus than value for England, Inc. In the future.
England, Inc. Or other brands can stress customization and even further market segmentation in style -- hip, trendy sofas and other furniture in a limited array of bright and eye-catching fabrics could target young people in dorms and apartments who want to buy customized furniture, even if they cannot afford to move into their own homes. Other brands…… [Read More]
Given the scarcity of lever machines on the market and the unique nature of the niche market, price elasticity of demand is expected to be low. There may not be many prospective consumers, but those who want this product will be keen and are unlikely to be strongly price sensitive. The best price would therefore be at the high end of the range, $1,200. This means that the selling price to the distributor would be $600, for a contribution margin of $350 per machine when sold through the distributor, or $950 if sold through the company website. These figures have been included in the contribution margin analysis.
Marketing Issues -- Place
Distribution for a niche product is a tricky proposition. Consumers are often far apart, meaning that it is difficult to use a storefront retail location to reach these consumers. The Australian market -- in particular with respect to high…… [Read More]
Where pricing integration typically fails however are in the handling of exceptions. Columbus (2003) makes the point that the use of automated approaches to managing special pricing requests can be one of the highest OI activities of any company. The focus for LOM then is in turning the one-off loan request specifically including a differing rate or structure into a competitive advantage by quickly being able to fulfill it. The use of automated special pricing requests applications and techniques as defined by Columbus (2003) are strong competitive tools that could be used as part of FlashQuote and BFOT overall.
FlashQuote Use Case Analysis
Identifier: FlashQuote Use Case Analysis
Name: BFOT System component that includes quoting, pricing, loan interest rates and the ability to electronically upload the loan, once approved, to the LOS.
Purpose: To more accurately and completely capture the quotes given to prospects over the telephone, the Web, and…… [Read More]
Discuss the General Environment
In beginning to view the external environment facing Panera, one must look at the opportunities and threats that are present in the field. Within the industry, Panera is at the top of its gain, bringing in considerable profits, focusing on new technology and sustainability, and continuously expanding its presence throughout North America. Additionally, its societal focus on healthy living and environmentally friendly practices through the preparation of clean, healthy, and sustainable products continues to place Panera on the map in terms on new opportunities such as expansion, limited competition in the field of healthy products, and room to expand.
Panera boasts a host of opportunities, as mentioned, based primarily on its service of 130 million customers daily (2010 Annual eport, 2012, pp.6). In this capacity, Panera has the ability to expand its potential market base considerably should it market…… [Read More]
Business and Corporate
business strategy analysis of kraft foods
Analysis of Business Level Strategy
Kraft Foods Inc. is the second largest food company in the world and makes annual revenues in excess of $54 billion (Kraft Foods Annual eport, 2012). It operates in a highly competitive consumer foods industry where high volume sales are essential for competitive success. Tapping into new markets and growing one's brand portfolio are also important for growth and success.
Kraft Foods Inc. pursues a number of business-level strategies to support its corporate level strategies. The business level strategies are determined by answering the question How do we compete? (Ireland, Hoskisson & Hitt, 2008). Kraft Foods Inc. has selected product differentiation and brand development as its primary business level strategy. Product differentiation involves creating and conveying to the consumer a unique feature of the product portfolio that distinguishes the company from the competition and…… [Read More]
PHL/323 Ethics Management Current Ethical Issue Business Paper (select a recent article -- back 1 year) • esearch information issue deals business ethics a newspaper, magazine, journal, TV, Internet.
Current ethical issue in business: Ethics of marketing junk food
There are many products which are marketed to the American public which are not 'healthy' such as cigarettes and spirits. However, the issue of food marketing is a more nebulous one, ethically speaking. Unlike nicotine and alcohol, human beings need food to survive. But certain types of food have been identified by many nutritionists as being uniquely deleterious to human health, aka 'junk food.' McDonald's has drawn particular ire, in part because of its marketing to children, according to the article "Marketing to children: Accepting responsibility," recently published in Business Ethics. McDonald's is an American icon, yet it also sells some of the unhealthiest food in the country. McDonald's…… [Read More]
Business Strategies and Decision-Making
Choosing a business structure can depend on a wide range of variables and it is thus essential for a manager to have a complex understanding of his company, the industry it is associated with, and business forecasts. The process of choosing a business structure needs to be considered before starting any businesses in spite of the fact that this respective process can take a significant amount of resources. Many business owners are inclined to either dedicate very little of their time to this process or even to bypass it completely. This can lead to serious issues later in the company's functioning, as business owners can come across a series of problems that they're not prepared to deal with.
Proprietorships are one of the most encountered types of business organizations, this being largely owed to the fact that they are easier to form and maintain and because…… [Read More]
022 million was registered in 1998 and the lowest of $308.670 million was registered in 2001
The operating expenses fluctuated between the high value of $24.745 million in 2000 and the low value of $15.737 million in 1998
The operating profit also fluctuated between $21.250 million in 1997 to a negative 17.591 million in 2000
The net income followed a constant descendant trend, decreasing from $12.368 million in 1997 to -$26.393 in 2001 (Keystone Workbook, Historical Common Size Income Statements)
elative to financial ratios, the following must be considered:
All ratios of operational analysis are larger than the industry averages, meaning that the company operates at high levels of quality and performance
With the exception of payable turnover and cash conversion cycle, all resource management ratios are superior to the industry averages, meaning that Keystone is fairly able to use its resources and transform them into money
Profitability ratios are…… [Read More]
According to the company, the concept of kyosei. extends to all of its business enterprises, including research and development, product manufacturing, marketing, sales, and product distribution.
Specifically, Canon strives to conserve energy, resources, and the minimization of potentially dangerous chemicals and industrial by-products. In principle, Canon hopes to preserve the environment and the earth's physical resources through implementing industrial conservation efforts and practices, recycling programs and policies, educational programs, and social initiatives consistent with the overall goal of "... building a better world for future generations" (Canon U.S.A., Inc., 2008).
The entire Canon corporate philosophy is expressed in eight fundamental tenants of corporate social responsibility: To continuously improve environmental assurance and performance throughout corporate operations at every level;
To comply fully with all applicable environmental laws and regulations and additional mandates of its corporate stakeholders;
To aggressively pursue pollution-prevention and minimization strategies and apply those equally to energy and other…… [Read More]
This in turn often leads to low inventory on the shelves to be sold at the various retailers.
The notion of reverse logistics stands for all procedures related to the recycle of products and materials. It is the process of planning, putting into practice, and controlling the knowledgeable, cost effective flow of raw materials, in-process inventory, finished goods and related information from the point of use to the point of source for the reason of recapturing worth or proper discarding. The issues for sellers and vendors is to process returns at a proficiency level that permits rapid, efficient and cost-effective compilation and return of merchandise. Customer requirements facilitate command for an elevated standard of service that includes correctness and timeliness. In the end it's the logistic company's responsibility to cut down the connection from return origination to the point of resell.
This issues for supply chain flows that offshoring…… [Read More]
For example, AIG got into a lot of trouble during the Great ecession because it was paying retention bonuses so that people about to be laid off would stay on but this was controversial because AIG got bailed out by the federal government. Even though the bonuses were contractually obligated and evne though they served a specific purpose, the vitriol and invective was toxic. This despite the fact that government-serviced entities that were ALSO bailed out the government (Fannie Mae and Freddie Mac) did the same exact payouts for the same exact reason and the outrage for those firms was a lot less even though they cost the taxpayers a whole hell of a lot more money than AIG ever has or probably ever will. In short, businesses operating within the law should not be harassed or treated unfairly but it can happen.
In short, Mackey made some good…… [Read More]
Sustainable tourism does not destroy the environment, economy, or cultural aspects of the tourist destination (David Vaughan, 2000). Sustainable tourism is aimed at ensuring that those concerned are not affected in any way and that a positive development is realized through it. Back in the 1980s, ecotourism which consisted of activities such as wildlife exotic cultures and nature, became more common with remarkably few people understanding what the impacts of such tourism are, this led to its pitfall (Erlet, 1993). Therefore, sustainable tourism helps to improve all associated impact of tourism as a whole, and this can steadily be achieved through seeking partnership between various governments, local community and any stakeholder in the tourism industry.
How sustainable tourism can be achieved
esearches done in this field indicate that for sustainable tourism to be achieved all efforts should be channeled towards fostering co-ordination and cooperation between managers of the tourism destination…… [Read More]
My future career will definitely depend on what are of the world I would like to dedicate my services towards. Traveling appears to be a worthwhile approach to figuring this out. Exploring the local places and other areas around the world will most likely inspire me to a sustainability problem that my skills would best apply to.
The next step in achieving the goals of my plan requires me to network and learn from others who have already successfully achieved this objective. It is very simple to connect with people due to the technological advances in recent years giving me no excuse not to be able to find others who can give me practical advice in the matter. Learning from others is very important in this entire process and understanding that I can learn something from everyone I meet, every day, will help me realize opportunities that I currently am…… [Read More]
The new business will be a service business that operates as a small scale bed and breakfast. The hotel will consist of one large single family house that is rented by the room in a major metropolitan area that operates in a few independent niches. The first is that the house will rent a room to visitors on the emerging online platforms such as www.airbnb.com. This service allows homeowners to rent out their extra space to anyone that is interested online. Therefore users can actually stay with an individual or a family as opposed to staying at a hotel for a significantly reduced rate. There are many advantages to this model for both the customers and the room providers.
Another niche that will be targeted is that the house will represent a carbon neutral house that practices fully sustainable practices. The house will generate…… [Read More]
The Inclusive orkplace
In the modern business world employees expect more and have more rights than ever. To accompany this, employees are seen as core contributors to an organization. The workplace has changed from one where employees blindly follow the guidelines of the company to complete tasks, to one where employees are central to the organization. Employees are also more educated than ever before.
In recent decades, issues like employee empowerment, collaboration, teamwork, self-managed teams and cooperation have all become important. Each of these issues have the idea of giving more and getting more at their basis. In Ideas that will shape the future of management practice (Bohl 1996, 8), human resources is described as being the way of the future, "e will see a more mature articulation of the importance of people as a firm's only sustainable competitive advantage." The change is described as giving high reward for…… [Read More]
The graphic shown in Figure 1 was also provided in the article (Porter, 2008).
Figure 1: Five Forces Model
This model's effectiveness does not however capture the increasingly critical role of tacit and explicit knowledge in businesses. The tacit knowledge, of the type that is learned from the continual streamlining of core processes, is not easily captured and communicated. It is often called tribal knowledge as this type if intelligence often stays within workgroups where it originates and seldom is captured for broader use. Specific knowledge, or the type of intelligence that can easily be captured and communicated, is often not used to its full potential as well. Studies in the auto industry suggest that knowledge, not products or pricing, is the new competitive advantage (Dyer, Nobeoka, 2000). The Five Forces Model does not recognize how important knowledge is as a competitive force in the definition of competitive…… [Read More]
Total Quality Management
Total quality management (TQM) is defined as "a philosophy of organization-wide commitment to continuous improvement, focusing on teamwork, customer satisfaction, and lowering costs" (Daft 640). This definition shows the various aspects that are a part of a total quality management approach to business. These include that a TQM approach involves the whole organization, that continuous improvement is a major focus, and that there is an emphasis on satisfying customers. To consider quality management in more detail, these three aspects will now be considered. This will be followed by a consideration of the importance of quality management in business. Finally, the effects on both managers and employees will be discussed. This will provide an overview of quality management, while also showing the impact it has on organizations.
The first important aspect of TQM is that it involves the entire organization. This includes that it involves all tasks,…… [Read More]
Reflection Prompt #1
Summarize three of the ethical theories that are explained in Chapter 1 of Introduction to Business Ethics. Explain how people running businesses would construct their companies if they utilized these ethical theories. For example, you might personally think that people should act to increase the overall happiness for the greatest number of people (utilitarianism). You would explain utilitarianism and then explain how a company based in utilitarian ethics would function. In other words:
What products would they make?
How would they treat their employees? How would they treat their customers?
How would they manufacture their products?
How would they utilize their resources and profits were they to become successful?
At the basis of the ethical considerations rests the question of whether or not ethics are static or they are relative. The example is give of Lockheed Martin who was caught offering a quarter of a…… [Read More]
Companies that do not choose to consider these options in their building design are losing out on some significant payouts from the government. They can also gain considerable tax incentives as well. However, there are still many companies in existence that refuse to jump on the wagon and realize the benefits of green design. This type of thinking demonstrates an antiquated philosophy regarding design work.
In recognition that the world must change its attitude and act in a way that will help to conserve our vital resources, the General Service Administration (GSA) has mandated that sustainable building techniques be used. According to these standards, the sustainable building will seek to Sustainable design principles include the ability to: optimize site potential, minimize non-renewable energy consumption, use environmentally preferable products, protect and conserve water, enhance indoor environmental quality, and optimize operational and maintenance practices. These government standards are a response to…… [Read More]
In an increasingly globalized world concerned with environmental destruction, there has been a recent rise in the practice of sustainable tourism, especially within the context of developing nations. Yet, because the context of sustainable tourism is such a new development within the larger industry, there are many controversies and questions revolving the practice of sustainable tourism. Still, sustainable tourism development can promote sustainable development through regional community involvement, as long as the people living in these areas continue to see benefits from their devotion to sustaining eco-friendly practices within their tourism models.
Sustainable tourism is a relatively new element within the larger tourism industry. Ecotourism is often defined as "travel to natural areas that conserves the environment and sustains the well-being of local people," (Kiss 2004 p 232). Sustainable tourism occurs in a situation where organizations make eco-friendly choices in order to maintain a higher degree of sustainability…… [Read More]
Sustainable Tourism Development
The aim of the essay is to gain an understanding of the rational and different approaches to tourism planning and development, sustainable tourism, current issues and impacts of tourism.
The aim is to increase awareness of the need to plan and manage tourism destinations within an international, national, regional, and local framework. Investigate current trends in planning for tourism development in a range of destinations. The stages in the planning process are discussed and apply theoretical models to practical case studies and site visits.
Understand the differing approaches to tourism planning and development and understand the rationale for planning in the travel and tourism industry (1000+ words)
Using the EBSCO article: The effectiveness of public policies and structural funds in enhancing tourism development.The case of Romania.
a) Discuss, using appropriate references, why a long-term approach is beneficial to destinations like Romania, and state the advantages to stakeholders…… [Read More]
Fair Trade allowed producers to receive a significant price premium, dependent upon world coffee prices and the mainstream markets. Price premiums for farmers promoted social development and strengthened institutional capacities in the area. However, the ability to improve working conditions for workers was limited (Valkila and Nygren 2009). Price premiums were found to be the main benefit for fruit producers involved in a Swiss partnership (Bezencon 2009).
Fair Trade products and certified end products represent the next logical step in the natural and organic products movement. The impact of fair trade has already been examined in other industries and it is believed that the same principles apply to the cosmetics industry as well. Trends in the cosmetic industry are driven traditionally by the fashion industry. However, social responsibility must now be considered a part of the equation as well. The movement towards socially responsible products is being driven by…… [Read More]
Business environment is mainly characterized by various human economic activities including the production, sale, and purchase of goods and services that are carried out with the main objective of earning profits. Generally, the business environment can be described as a set of conditions that facilitate and promote the human economic activities. This environment is basically comprised of the internal business environment and the external business environment. The internal business environment includes the factors that are within the control of business while the external business environment refers to factors that are beyond the control of the business enterprise. One of the most common aspects of the business environment and human economic activities is the economy, which is generally influenced by various factors.
ole of Business in the Economy:
Business is defined as the management and coordination of individuals and resources in order to achieve specific production objectives, with the main goal…… [Read More]
Business Economics - GM545
Academic Term: May 2012 Session
Factors affecting the price of Gasoline:
It is an established fact that market forces of demand and supply are responsible for fluctuation in prices of commodities. Where demand is greater than supply, it is going to result in price hike i.e. An upward shift in the demand curve and vice versa.
Same principle governs the prices of gasoline at pumps and service stations. Where the retailer increases his prices, disregarding the competition, the demand of a gasoline at that particular pump will decline with business shifting to the competition. Where the demand reduces greatly, the retailer will further reduce his prices for customer retention.
Hence, it is competition in the retail industry which affects the prices greatly. This is the very reason why a gasoline station at a distant area or the one within the city shows price difference.…… [Read More]
Mounted on the side of the pole are 2 solar panels made by F3 Solar that are capable of generating up to 80 W. Of power.
-No lamp changes -- sealed for life.
-Fully controllable with excellent colour rendition
-Multi combination outputs.
-LED Life expectancy -- 25 years +
Prices vary by distributor
Green Column (http://www.wirefreedirect.com / green_column.asp)
The wind and solar powered solution delivers free, renewable energy which is stored in a battery ready to be consumed when darkness falls. Green Columns are already in use all over the UK on footpaths, playgrounds and car parks. (Note: Product's current battery lasts up to 10 days in mild weather, but only 4-5 days in inclement weather conditions.)
Prices vary by distributor
The following questions will be submitted to potential vendors for the solar and wind powered street LED light systems needed for the initiative envisioned herein.
1. What…… [Read More]
Business Environment in Taiwan
Taiwan is an island situated approximately 180 kilometers (Eastern Asia) away from southeastern coast of mainland China. Having a geographical area of 35,883 Km2, Taiwan is officially part of the Peoples epublic of China (PC) although there is much tension between Taiwan and China regarding statehood of Taiwan. The U.S. however does not acknowledge Taiwan as a separate state. Taiwan has a population of 23 million (consisting three main ethnic groups i.e. Taiwanese, Mainland Chinese, and indigenous people) and Taipei is the capital city of Taiwan. Of late, relations between Taipei and Beijing have been cordial. Taiwan follows a civil law system and has a multiparty democracy as governance system (Department of Investment Services, 2013). Being a thriving economy based on hi-tech industrial base and trade relations with most of the developed world, the country is deemed an important destination by multinational corporations (MNCs) for the…… [Read More]
In the past few years, there have been a number of key meetings of about environmental issues. The ongoing discussions with regards to the fate of the soon-to-be extinct bluefin tuna illustrate the frustrations of trying to reach environmental agreements. Nations responsible for the management of the resource ignore scientific advice and pursue their own interests to the detriment of the common good, and resist any effort to change the practice (Gronewald, 2009). Other conferences trend along the same line -- small groups of nations meeting to hammer out specific policy details. The Environmental Law Roundtable of Australia and New Zealand is one such example. The UNEP (United Nations Environmental Programme) chemicals roundtable was a conference that discussed specific areas of concern with respect to chemical pollution.
There are many international agreements that govern the environment. The best-known is the Kyoto Protocol of the United Nations Convention on Climate Change,…… [Read More]
How important is an individual's privacy in the workplace? Is an individual's privacy in the workplace the most important consideration to be taken into account? hat constitutes privacy in a workplace environment? Do the goals and the mission of the organization supersede an individual's desire to protect his or her privacy? Is it ethical for an employer to collect and disperse personal information from employees without their knowledge? How does the philosophy of utilitarianism play into this issue? This paper delves into those questions and provides supporting information for the resolution of this issue.
After careful review of the textbook for this course, after reviewing additional scholarly resources and taking into consideration a utilitarian approach to this issue -- and after researching the Australian laws regarding workplace privacy -- this paper takes the position that an individual's privacy is indeed vitally important (and must by law be protected)…… [Read More]
Some companies, perhaps sensing a business opportunity, have tried to use the green textile movement to their advantage. DuPont and other chemical companies have targeted a potentially hopeful resource for the future in the form of enzymes, which can be very effective in fiber preparation, pre-treatment and value-added finishing as catalysts. Because enzymes work "even under mild conditions and do not require the high energy input often associated with chemical processes," they offer a more ecologically friendly way to treat fabrics than harsh formaldehyde or chlorine ("Textiles and leather," Industrial Sustainability, 2007).
It may sound paradoxical that enzymatic chemicals can make the industry more sustainable. Another paradox of the industry is that natural fibers such as cotton and hemp may not be as eco-friendly as one might expect. For example, in the United States, about a third of a pound of synthetic fertilizers and pesticides are required for the process…… [Read More]