...your business strategy | |Embed sustainable business practices right into your business strategy - don't bolt them on as an after-thought: set measurable | |goals; list the key activities you will undertake to achieve these goals; make a senior resource accountable for the success of these| |goals. | Examples of sustainable business practices include: • Optimise the performance of your business • Create strong relationships with your customers, other businesses, staff and community • Balance your budget and ensure your financial sustainability • Help your business community to prosper • Reduce your carbon footprint. 2. Deliver marketing activities that create ongoing growth. Businesses have limited financial, human and capital resources, so focus your resources on the top performing marketing activities for your business. Use an aggressive growth strategy for your biggest growth markets. Adopt a selected growth strategy for new or emerging markets. Build an authentic brand, and craft an appealing story that attracts genuine interest from your target market. Collaborate with customers to develop more targeted products and to get to market...
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...demanding more results from the companies, not only related with financial aspects, but social and environmental aspects, as well. These requirements make a change about the way strategic management is being done, in order to include the triple bottom line. The triple bottom line is an accounting framework that incorporates three dimensions of performance: social, environmental and financial. These dimensions are called the three P´s: People, Planet and Profits. What is the challenge? In the past, each company had to show good financial results in order to be considered successful, no matter if that company used to not take care about the environment or, if it was affecting the society. According with the new world requirements, every single company has to have good results in the triple bottom line: financial, social and environmental. It is no longer permitted for a company having only good financial results; it has to show good results related with the social and environmental aspects, as well. Each company in the world must reveal what their commitments, effort and results related with the financial aspect (affect mainly to the shareholders), social and environmental (affect mainly to the stakeholders) are. The financial aspect is the economic value created by the organization after deducting the cost of all inputs, including the cost of the capital tied up. It therefore differs from traditional accounting definitions of profit. In the original concept,...
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...For example: poor professional and ethic behavior in a company will not only affect their business financially, but will also create a bad reputation for the company. There has to be trust between the company and the clientele. If business is done with ethics principles in hand, the public will be satisfied and, therefore, the company will be as well. 2. Define Social Responsibility. How important is social responsibility for companies? Social responsibility is the idea that companies should embrace its social responsibilities and not be solely focused on maximizing profits. With this, businesses will develop a positive relationship with the society in which they work in. Social Responsibility is very important for companies because the relationship that a company has with the society they are in is “a critical factor in their ability to continue to operate effectively”, according to the ISO (International Organization for Standardization. Many companies have made social responsibility a part of their business models. Also, some investors use a company's social responsibility as an investment criteria. For example, one who has a moral (or other) objection to smoking, may not want to invest in a tobacco company. 3. Explain the factors affecting ethical behavior. There are three major factors affecting ethical behavior. 1- Face to face ethics: happens between employees of a certain company in their everyday professional life. This happens when...
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...10. Pricing decisions Factors to consider when setting prices All profit organizations and many non profit organizations must set prices on their products or services. Simply defined, price is the amount of money charged for a product or service. More broadly, price is the sum of the values consumers exchange for the benefits of having or using the product or service. A company's pricing decisions are affected both by internal company factors and by external environmental factors. These factors are shown in Figure 1. Internal factors include the company's marketing objectives, marketing mix strategy, costs, and organization. External factors include the nature of the market and demand, competition, and other environmental factors. Internal Factors Affecting Pricing Decisions Marketing Mix Strategy Price is only one of the marketing mix tools that the company uses to achieve its marketing objectives. We have coordinated our price decision with product design, distribution, and promotion decisions to form a consistent and effective marketing program. For our product the same price will be applied in different geographical areas. If a client wants to order our Lazzzerlight Product Machine from Spain or from China, there won’t be price differences. The price will remain the same no matter the country you live in. Of course, we are not responsible for the transport of our product, which means that the client must pay a transport fee according to the country...
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...The studied corporation: Public Company for Electrical Power Generation of Aleppo (PCEPGA) Syria_Aleppo. General information of the corporation: _ Governmental company subordinate in management directly to Syrian government (public sector). _ It's producing, profitable and continuously time working company. _ It was built by Mitsubishi and it's first start working was in 1997. _ It consists of five electrical generation units for 213 mega watts for each one. So the total electrical power capability of the station is 1065 MW. _ Generation of electrical power in this station depends on heating power by burning fuel (fuel oil – fuel gas – gas oil) and on water steam power. _ The company's working system is divided to several sectors: * Organizing and managing work part. * Financial management. * The operation. * The maintenance. * The electrical transforming. ______________________________________ I. Current Situation A. Current Performance The return on investment was decreased in the past year because of reducing the raw materials (burning fuel) and reducing the human resources those caused low of product and low of profit. B. Strategic Posture _ the corporation’s current mission, objectives, strategies, and policies are merely implied from performance. _ Mission: supplying services to Syrian people by generating the electrical power that is one of the most important stuff in their life. Objectives: Corporate objective:...
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...give us our strong relationship with customers and are the foundation for our future growth. We will bring our wealth of knowledge and international expertise to the service of local consumers – a truly multi-local multinational. Global presence 2006 Turnover €39.6 billion Americas | €13.8bn | 35% Europe | €15.0bn | 38% Asia/Africa | €10.9bn | 27% 41% of turnover in Developing and Emerging Markets Present in more than 100 countries around the world 179,000 employees Unilever is one of the world’s most culturally diverse companies, with top leadership from 24 different nations. More than 30% of managers worldwide are women. Deliver Vitality through better nutrition and improved hygiene Eco-efficiency – reducing the impacts of our operations Eco-innovation – reducing the impacts of our products Sustainability programmes in fish, agriculture and water Supporting local communities Unilever has led the food industry category of the Dow Jones Sustainability Indices (DJSI) for the past 8 years. Our people Our long term success requires a total commitment to exceptional standards of performance and productivity, to working together effectively, to a willingness to embrace new ideas and learn continuously. Corporate responsibility To succeed also requires, we believe, the highest standards of corporate behaviour towards everyone...
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... Billiton Sustainability Report Case Executive summary This short paper discusses relevant stakeholders that the multinational conglomerate company BHP Billiton encloses in their 2013 Sustainability Report. The components that are briefly touched upon is related to the various stakeholder influences, report and not reported costs (referring to the triple bottom line), but the majority of the paper primarily focuses on the environmental and social factors that BHP Billiton discloses in relation to their sustainability program, because the indicators seem to have the biggest impact on the outward-looking legitimacy of the company. We found that NGOs, local communities and unions highly affect how BHP chooses to report their operations, as these organizations/interest groups have a very close relationship to the firm; both negatively and positively. Furthermore, the paper tries to account for costs not included in BHP’s sustainability report, and it appear that some of these are cost-reporting on corruption, specific environmental issues, anticompetitive behaviour, and transportation. The paper do recognize that BHP is in fact a very active proponent of sustainability reporting, but on the other hand do question to what extent the reporting actually reflect the company’s inner workings, as BHP has been publicly criticised for this before. Question A: Influence of all possible stakeholders of BHP Billiton in terms of environmental and social factors. BHP Billiton...
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...Background of Case 1: Coffee Pot Coffee Pot is a company whose business is selling coffee drinks to consumers. Balkis, the daughter of Coffee Pot late president, takes over his job as the new president of the company after the death of her father. The company has been making losses in recent years. Since the company cannot compete with Starbucks, based on the quick strategic analysis, the company needs to come up with new strategy to attract customers. By using her knowledge in bio-chemical engineering, she manages to come up with the new technology of coffee brewing which enables higher productivity and lower cost of production. Therefore, with lower cost assured, Balkis chooses a strategy of targeting price-sensitive drinkers to improve the company’s profitability. However, the latest quarterly financial report, still reporting loss. In addition the company is also unable to pay the monthly loan. She seeks help from her bookkeeper, auntie Sofiah who only finishes secondary school. She noticed that the quarterly report lacks detail and there is decreasing pattern of earnings from the previous reports. She decides to get help from her friend, Jannah to look into the company’s problems. Meanwhile, Johari, the manager of the Administration, Purchasing and Human Resource division manages to earn his quarterly bonus by beating the previous quarter number. He often changes the suppliers to get the lowest prices. He also managed to reduce purchasing and training costs. However...
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...Customer Relationship and Corporate Governance in Sustainability of Business Vinod Krishna U. Makkimane Sr.Faculty Institute of Business Management & Technology Banashankari 3rd Stage, Bengaluru. Sustainability is a dynamic concept born out of the environmental debate of the last quarter century. There is growing concern nationally and internationally about biodiversity and protection of plants and animals and community based activity. It is important to view sustainable efforts from global perspective that addresses socio-economic and environmental issues. Sustainable Development as a norm has been accepted in the literature ever since the publication of the Brundtland Commission report in 1987.The Brundtland Commission defined Sustainable Development as that which "meets the needs of the present without compromising the ability of the future generations to meet their own needs". A primary goal of sustainable development is to achieve a reasonable and equitably distributed level of economic well being that can be perpetuated continually for many human generations. It also implies using renewable natural resources in a manner that does not eliminate or degrade them, or otherwise diminish their usefulness for future generations. Sustainable development also requires depleting non-renewable energy resources at a slow enough rate so as to ensure the high probability of an orderly society transition to renewable energy sources. Mahatma Gandhi has observed long back that...
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...ROLE OF HUMAN RESOURCE (HR) FOR CORPORATE SOCIAL RESPONSIBILITY (CSR). Ms. Suhas Diwate Suhas_diwate7@rediffmail.com Name of Author/Co-Author: Suhas B. Diwate Institutional Affiliations: Asst. Professor (HRM- Department of Management Studies), Bapurao Deshmukh College of Engineering, Sewagram Correspondence Address: Suhas B. Diwate C/o B.M. Diwate, Gajanan Nagar. Near Z.P. Colony. Wardha-442001 ( Maharashtra) Contact Details: • E-mail ID- suhas_diwate7@rediffmail.com • Mob: +91 8087293033 • Fax No: NA Title of paper: “ Role of HR for CSR” ABSTRACT: Concept of CSR A Business Unit is in society, within which it operates. This speaks of a number of stakeholders to which the organization has a responsibility. The social responsibility of business encompasses the economic, legal, ethical and discretionary expectations of that society have of organizations at a given point in time. The Concept of CSR originated in the 1950s in USA. CSR became a matter of utmost importance of diverse groups demanding change in business. It is a voluntary assumption of responsibilities that go beyond the economic and legal responsibilities of corporations. Corporate Social Responsibility (CSR) covers all aspects of an organization’s operation, inter-alia the relations with stakeholders including the employees as one of them. Business cannot exist in isolation. They need the infrastructure...
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...the business mentality used to be focused only on profits. As long as profits were increasing and money was coming in, things were going well. Whenever profits were falling, something was wrong and had to be changed. Of course, companies still need to turn a profit to keep their doors open, but the way in which they have changed is that many of the businesses out there realize that there are other aspects to success than higher profits. Things are not solely about the traditional “bottom line” any more. What has sparked this change in thinking? If companies have done the same thing for hundreds of years then why change now? The answer to these questions is the environment. People are now more aware of the impact that businesses are having on the environment. Businesses are aware that the business they are conducting is not done in a vacuum. All of their decisions affect the planet as a whole. The impact can range from pollution, deforestation, depletion of natural resources, and everything else in between. The environment has also caused businesses to change in not just trying to pollute less, but it has also been the catalyst for changes in things such as new legislation, innovation, and even the development of underdeveloped countries. Before these topics can be discussed it is important to understand how companies got to this situation in the first place. The answer to this is self-interest and growth. Growth from companies and growth from the population as well. There...
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...Murdoch Business School Working Papers Factors Affecting the GRI Disclosures in the Annual Reports of Australian State Government Departments Dr Maria Mucciarone Murdoch Business School Professor Greg Tower - Curtin University Professor Mike Garner - Salisbury University Working Paper No.3 February 2012 The views presented in this paper are those of the author(s) and do not necessarily reflect those of the Murdoch Business School or Murdoch University. Working papers are considered draft publications for critical comments by colleagues and will generally be expected to be published elsewhere in a more polished form after a period of critical engagement and revision. Comments on this paper should be directed to the authors at m.mucciarone@murdoch.edu.au; Greg.Tower@cbs.curtin.edu.au; rmgarner@salisbury.edu.au © Copyright is held by the author(s) of each working paper: No part of this publication may be republished, reprinted or reproduced in any form without the permission of the paper’s author(s). National Library of Australia. ISSN: 1837-6371 Factors Affecting the GRI Disclosures in the Annual Reports of Australian State Government Departments Abstract Purpose: Growing concern over the environmental impact of climate change and carbon tax has increased demand for public disclosure on how government departments are fulfilling their social and environmental obligations. The purpose of this study is to identify what factors influence Australian State government...
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...“For a newly internationalised company, like Elecdyne, discuss one of the following sets of issues (from 1-4), plus you must discuss issue 5.” 1. The centralisation-decentralisation debate You should identify where the various functions of management sit in terms of being upstream, downstream, neither, or both, and how developments in technology may affect these functions in the next 10 years. | 2. Social innovation and networking You should undertake an analysis of the social innovation based opportunities that might develop for a newly internationalised company, like Elecdyne in different sectors (e.g. health and education) over the next 10 years. | 3. Sustainability and the potential impact of related issues on the company’s innovation, production and / or logistics functionsYou should analyse the sustainability based opportunities that might develop for a newly internationalised company, like Elecdyne over the next 10 years and evaluate the potential impact of these on the company’s innovation, production and / or logistics functions. | 4. Corporate social responsibility (CSR), including 5 key CSR related issues, Pyramid of CSR etc. You should evaluate the issue of corporate social responsibility using the “Pyramid of CSR framework” and analyse 5 key CSR related issues (recycling, ethical business, working condition, environmental issues, and philanthropy activities) or factors that you think a newly internationalised company, like Elecdyne should focus...
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...is evident among low-income earners. The future success of the company and maintenance of its competitiveness is dependent on increased focus on these areas. The Bargaining Power of Suppliers According to Porter, the power of the suppliers is highest when the cost of supply accounts for a larger proportion of the total organization’s expenditure, the suppliers have no competitors, and when the suppliers are very few. The depositors are the main suppliers of Barclays bank. Deposits from customers account for the largest part of the institution’s working capital. However, the company has global outreach providing it with a huge number of suppliers. In addition, the suppliers still control the institution's interest rates as the world has become more corporate. Therefore, the bargaining power of suppliers is high. The Bargaining Power of the Buyers Customers in the banking sector have more power due to more concentration and availability of knowledge of the market as well as the huge number of alternative financial institutions. The advantage of Barclays bank is founded on the king of products and services it offers. It offers insurance services, e-banking and free credit cards as some of the services that differentiate it from its main rivals. In general, the power of the buyers is high. The Threat of Potential New Entrants A market with more barriers to new entrants minimizes this threat. Some of the main factors that are considered to obstruct new entrants into the market...
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...Band Management Case 1 A case Analysis of (Product) Red (A) Submitted By: Amit Pathak Navin Koirala February 18, 2015 Synopsis (Product) Red (A) is an innovative business model which integrates business and charity together. (Product) Red (A) is an original approach of raising fund for AIDS patient in Africa by Licensing the brand to the business giant of the world and the fund directly going to Global fund of United Nation. This innovative approach has been very successful in collecting funds raising it form $5million to $50 million contribution by the private/corporate sectors. Case Facts Product (Red) is the best instance which can be taken as one of the best marketing campaign with the assist of many huge and reputed firms. The sole purpose of this campaign is to raise funds for HIV/AIDS victims in Africa through “The Global Fund” which is a nonprofit organization with the corporation of reputed business organization like GAP, Armani, Apple, Converse, American Express, Motorola etc. The main concept of this whole campaign is to raise fund with the purchase of Product (RED) and certain part from the purchased amount is funded in the Global Fund to help in the prevention and treatment of HIV/AIDS patient in Africa by bearing the cost of Antiretroviral Drug (ARV), a treatable drug to extend the patient’s lives. Above all this article carries out the various facts and details about Product (RED) and its stages of the development and its business models which are pointed...
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