Essays on Bottom-line

Business Sustainability Strategies

Describe (or summarize) three dimensions of sustainability (i.e., triple bottom line) based on your understanding (Include examples) Business sustainability also defined as managing the triple bottom line refers to the process through which business entities apply in managing their financial, social and environmental obligations, risks and opportunities with the three impacts better referred to as profits, people and planet respectively (BCG 1). The three pillars or dimensions of sustainability include economic, social and environmental aspects such that the economic pillar makes the business equitable, the social pillar make the business activities bearable while the environment pillar makes the business ...

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INTRODUCTION

The following discussion is a literature review on five sources each for sustainability monitoring systems and effective indicators.

Sources for Characteristics of Good Monitoring Systems

“Monitoring Systems for Sustainability. What are they measuring?” This is a doctoral thesis from an Australian university that examines the sustainability reporting and monitoring systems by governments, private corporations and global non-governmental organizations. Australian frameworks are compared to those of international models. Sustainability indicators in the Australian context are discussed extensively. Two case studies from the private sector are presented. (Davidson, 2008) Using the case study of the Australian Gas Light Company, shortcomings in current sustainability reporting practices ...

Abstract

This paper explores how research methodologies can be used to resolve organizational issues. Using Starbucks as the company of focus, this paper discusses the qualities of qualitative and quantitative research and how they can be used for investigation and analysis in an organizational setting. It is hypothesized, for instance, that the decline in Starbucks’ sales as well as the poor performance of some of its stores is due to poor customer service. The concept of customer service, however, is too abstract to measure directly. However, this hypothesis can be determined using qualitative research methods as opposed to the quantitative ...

Abstract

This peer review looks at Alex Pierce’s story, The Challenging Two Mile, which is a story about a young man who is running a two mile race at Virginia State Championships. This tale is a self-reflection and personal growth story that follows a chronological plot format, focusing on the character and his pain as the main imagery from the audience’s viewpoint. While the overall image of the two-mile race sets the backdrop, it is the internal and external body struggles that make this story so captivating. Fast-paced and well-written it is an honest, simple and down-to-earth learning ...

[Class Title] [University’s Address]

Introduction

Change is a process that impacts all organizations. As observed by management expert, Kurt Lewin, “group life is never without change, merely differences in the amount and type of change exist” (Burnes, 2004, p. 981). Most change initiatives, however, fails because of the tendency of people to resist change. People, according to management experts, fear change and so they tend to revert back to old ideas and practices even if the change is for the better. This tendency of the individuals to resist change affects the organization as a whole. Also, the longer the ...

Introduction

There are several reasons why the annual Burning Man festival is unique among mass gatherings. Held in the Black Rock section of America’s Great Basin desert in Nevada, Burning Man’s 70,000 participants construct a city that houses—and in itself functions as—a participatory performing arts space, a communal spiritual retreat, and a cathartic experience of radical self-expression (Brill 2007). Then, one week later, they tear it all down, pack everything out, and leave no trace behind. It is an anti-market event (Cesewski & Giles 2007) whose participants rely on gift-giving and barter to secure any necessities ...

Introduction

This report aims to analyse the Triple Bottom Line theory in accordance to sustainability methods and processes. The event which will be related to this study will be Tomorrowland the festival which has been held since year 2005. The sustainability policy of the event’s business processes and operations will be critically assessed and appraised which will be aligned with suitable recommendations for more effective sustainability methods.

Tomorrowland

Tomorrowland is an Electronic Music Festival held in Boom, Belgium every year since 2005. The target audience of the festival are young adults from ages 18 to 27. Their socioeconomic target are ...

Introduction 3

Earth Hour at Hilton Woodland Hills 3 2015 Earth Hour Activities 4

Business Strategies and Commitments 4

Analysis: Significance of Earth Hour Activities 5 Application of Stakeholder Theory, CSR, and TBL Approaches 6 Stakeholder Theory 6 CSR 8 TBL 9 Conclusion and Recommendations for Sustainability 9 Hilton Woodland Hills/Los Angeles Earth Hour Commitment and Sustainability Report Introduction Hilton Hotels and Resorts, one of the leading and most prestigious hotels in the world, is the organization that will be tackled in this report based on its participation in the 2015 Earth Hour. Hilton Hotel is considered to be one of the titans in the industry ...

Main Risk Factors for Cardiovascular Disease

According to the World Heart Federation (WHF, 2016), the majority of cardiovascular disease (CVD)’s etiology stems from risk factors that can easily be controlled or managed or modified although a few other risk factors cannot be controlled. For that matter, the risk factors can be grouped into two broader categories (I) modifiable factors and (II) non-modifiable factors. For the modifiable factors, they include hypertension, cholesterol, unhealthy diets, obesity and overweight, physical inactivity, and the use of tobacco (WHF, 2016). On the other hand, the non-modifiable factors include age; the risk of CVD increases with age because as a ...

Introduction

Contemporary organizations in the food industry, including food manufacturers, distributors and retailers are looking for the ways to incorporate sustainable processes and Corporate Social Responsibility (CSR) into the global and local supply chains. One of the critical elements of any operational activity is the logistics, which has a significant influence on the external urban and natural environment. Importantly, companies are becoming increasingly concerned with the negative impact of transport logistics and the levels of CO2 emissions in inbound and outbound logistics. This increasing awareness and focus of the companies on sustainable logistics practices is a result of the primarily ...

Discussion of Banyan Tree Green Homes Program

Banyan Tree Green Homes Program 3 Introduction 3 Concepts and Theories of Sustainability 3 Analysis of Banyan Tree Green Homes Program 5 Sustainability Motivations 6 Sustainable Business Practices 7 Benefits of Adopting Sustainable Business Practices 8 Challenges Facing Sustainable Business Practices 9 Recommendations 10 Conclusion 10

References 12

Banyan Tree Green Homes Program Introduction The hospitality industry is an important part of social, economic and environmental development given its role in leisure services and tourism throughout the world. Given the rapid changes observed in the industry, it is important to understand the potential threats that the various activities undertaken in hospitality ...

Impact of Team-Based Approach on Productivity at Nestlé

Introduction

Companies in the contemporary business environment must rely more and more on intangible assets and develop competitive advantage beyond the hard and soft attributes of their products and services. Globalization and internationalization of supply chains demand more flexibility and resilience from the companies, placing pressure on their creative and innovative capabilities (Sims, 2007). That said Human Resource Management (HRM) has gone a long way in transforming from a simple administrative support function to a strategic element in most of the modern forward-looking organizations. Diversity is the key to building sustainable competitive ...

[Class Title]

The Lawyer-Client Relationship The lawyer-client relationship should be based on trust and confidentiality. Under no circumstances should a client lie to his or her lawyer as well as under no circumstances should a lawyer incriminate his or her client for telling them the truth. A problem in trust and confidentiality will result to poor lawyer-client relationship, which could significantly impact the outcome of a case. Trust and confidentiality problems arise when the client withholds some information from his lawyer for fear that his lawyer will back out. There are clients, for instance, who are guilty of doing ...

Key Problems Identification

External Increasing competition In 1990s, the competition in the frozen desserts industry was on the rise. As soon as the market preference changed to healthier food habits, there was a rush to introduce the lower fat products and the ice cream market got fragmented increasing indirect competition manifold. The demand for such low fat frozen desserts continued to expand with an overall shift in preference towards the lower fat products as late as 1995. Especially the market share of the super-premium segment was being lost to the premium segment in Ben and Jerry hardly had any penetration. The increasing ...

In any type of company, one of the significant challenges for leadership is connecting industry knowledge and business analytics. Bartlett (2013) observes that these two components serve as the primary sources of information for decision makers. Managers generally hold much insight and wisdom in their accumulated experience, but unfortunately, any gaps in the facts are commonly filled with opinions (Bartlett, 2013). Instead of relying on subjective sources, leaders can utilize business analytics to validate new ideas and test industry beliefs (Bartlett, 2013). A starting point for effective business analytics is to recognize that data and information are not ends ...

Leader and Management Development

Introduction Leadership forms the backbone of any organization. This is because it entails offering direction, creating a sense of purpose and defining a strategic plan for the organization. Such aspects of leadership are important in ensuring the success of an organization in the long run (Yukl, 2013). For the leadership functions mentioned above to be successfully implemented, it is critical that the individuals in leadership positions show responsibility in their day-to-day undertakings. It therefore implies that leadership development has become a primary aspect of the overall management function. Leadership development is anchored on the character and behavior of the ...

Human Resource Management (HRM) refers to the practices and knowledge within an organization that is concerned with the organization’s primary responsibility and employment relations (Redman, & Wilkinson, 2009). As such, it is a discipline that is guided by numerous models that include Guest, Harvard, Warwick, Storey, and Fombrun models. The Guest model developed by David Guest contends that the HR manager is initially presented with specific strategies which then create a need for certain practices within the organization in order to achieve the desired outcome. It bears six aspects that include HRM strategy and practices as well as behavior, ...

Issues

The Corporation is an investigative report about the wrongdoings of corporations. The issue is about all the evil that corporations do. Corporations are responsible for many problems in the world including poverty and the exploitation of people, toxic chemicals and wastes, genetic manipulated organisms, warped consumer mentality, among other things. Some of the products they produce do not serve society any good but mainly to earn corporations huge profits. Corporations—large, multinational corporations in particular—exist to earn profits for themselves.

Portrayal of Corporations

The documentary portrays corporations mainly as evil. Although the documentary is truthful and the evidences it presents can ...

Petronas, which is short for Petroliam Nasional Berhad, is one of the most profitable companies in Malaysia. The company is ranked among the largest corporations in the world on the Fortune 500 and is one of the most profitable businesses in Asia. Petronas was established in 1974 and is Malaysia’s fully integrated oil and gas company. Unlike other some countries where private individuals run the oil and gas companies, in Malaysia, the government (sole owner of Petronas), used its power and took control of the country’s natural resources. Since its inception, the company has grown and developed ...

1. There were several important factors that led to the decline in 2007 and 2008. While some were notional factors, most of them were factors that were actually taking place and affecting the sales of the company. It was at the beginning of February 2007 that Schultz began noticing that the media communication of Starbucks was failing to tell the story of the company. He also noticed some of the following factors in play that were behind the possible decline of Starbucks. a) The personalization of the customer experience that existed in the smaller coffee shops no longer existed ...

Executive summary

The National Bank of Canada has its headquarters in Montreal, and it is Canada’s sixth largest bank. It was started on 4th May 1859 by the francophone business people in Banque and Ontario. The bank has 2.4 million personal clients and most of its branches in the Canadian provinces. It has many representative offices partnerships and subsidiaries in other countries where it serves both non-Canadian and Canadian customers. The bank’s management structure consists of the board of directors and the office of the president. The bank is upholding a proper governance system and appropriate ethical strategies to ...

Introduction

This report takes into consideration the application and the strategies that Petsmart Company has in line with their ethical structure, the governance structure and the corporate social responsibility for the present and the future. Additionally, the business report highlights the present position of the Petsmart Company in these three categories. The company is described as one of the largest pet and veterinary product retailer services provider and the solution for pet and the owners (Petsmart, 2016). The information provided by the company’s profile is that the company has more than 50,000 associates and another 1,466 pet ...

IEG 330: Supply Chain & Logistics Engineering

Section: F2 Summer 2016

Abstract 3

Introduction 4 Objectives of the Project4 Literature Review4-5 Description of the Collecting Data Process5-6 Description of the Collected Data6-7 Mapping the Supply Chain Network of the Company8 Performance Measurement8-11 Tools, Techniques and Approach to follow11-12 Challenges Expected12 Conclusion12 Gantt Chart13 Reference14 Abstract This report presents an analysis of Kuwait indo Trading Company’s (KITCO) supply chain. Supply chain analysis and management is an imperative aspect for the business. This is mainly the results obtained help improve the bottom line of all members of the supply chain (manufacturers, suppliers, wholesalers, and retailers). The improvement results from ...

Abstract

In India, cigarette packets will now be 85% covered with a message that comprises of 65% photograph and a 20% message highlighting the harmful affects of smoking and the fact that it can lead to cancer.( Porecha & Kutty, 2014) The cancer connect due to smoking has been proven beyond any doubt. Although, discussed only as an issue in an ethical marketing class, the fact remains that, ‘smoking kills’. The fact that tobacco companies pay so much in taxes cannot rule out the harmful affects of smoking. Smoking kills and governments cannot absolve themselves of any moral obligation wherein they ...

Abstract

The current discussion is aimed at the dissection of ethics, corporate social responsibility and sustainability of British Petroleum (BP) by taking the case of Gulf of Mexico Oil Spill in to consideration. By commencing the discussion with an overview of the externalities present in the oil industry, the pressures on oil companies are examined which is further evaluated through the application of stakeholder theory and the theory of utilitarianism. In the case of BP, it is revealed that the resort to CSR was primarily a reactive measure to correct its tainted brand image and save it from reputational risks. ...

Objective Finding (OF)

Identify the goal, wish, or challenge upon which you want to work. Bottom line: When finished with this step, your team will have a goal/wish/challenge for which it will seek a solution.

Diverge

Converge Identify “hotspots,” expressed as a list of “In What Ways Might . . .” (IWWMs) statements. Start from your list of goal/wish ideas.

Draw out ideas that seem intriguing or interesting (regardless of viability) by expressing them as IWWM statements.

Use a storyboard to sort into clusters of related ideas, with each cluster being a “hotspot.” Recognize the “hotspots” that mean something to your team. Do they have any unusual consequences or implications? After considering these questions, write your team’s overall goal or wish in ...

About the report

The objective of this report is to assist One-World Investment Consortium, who is planning to invest £150 million in Thomas Cook PLC, a British global travel company listed on the London Stock Exchange under the ticker sign of ‘TCG’. We duly understand the impact of our professional recommendation on Consortium’s final decision making related to investment, and therefore, we intend to be comprehensive in the approach our analysis. As for the structure of this report, it will be a two-part report. In the first section of the report, we will evaluate the past 5 year(2007-2011) financial performance ...

Abstract:

This report presents an analysis of Kuwait indo Trading Company’s (KITCO) supply chain. Supply chain analysis and management is an imperative aspect for the business. This is mainly the results obtained help improve the bottom line of all members of the supply chain (manufacturers, suppliers, wholesalers, and retailers). The improvement results from a reduction in transport, logistical, holding, and other costs associated with the transport and handing of goods and raw materials within the supply chain. It also increases the bottom line by streamlining all processes involved in a supply chain. This includes periodic product and raw material ...

Objective Finding (OF)

Identify the goal, wish, or challenge upon which you want to work. Bottom line: When finished with this step, your team will have a goal/wish/challenge for which it will seek a solution.

Diverge

Converge Identify “hotspots,” expressed as a list of “In What Ways Might . . .” (IWWMs) statements. Start from your list of goal/wish ideas.

Draw out ideas that seem intriguing or interesting (regardless of viability) by expressing them as IWWM statements.

Use a storyboard to sort into clusters of related ideas, with each cluster being a “hotspot.” Recognize the “hotspots” that mean something to your team. Do they have any unusual consequences or implications? After considering these questions, write your team’s overall goal or wish in ...

A. Select a leader who you feel has exhibited exemplary ethical conduct and do the following:

1. Discuss at least two ethical traits that the leader demonstrated. A good example of an individual that exhibited ethical leadership is Sallie Krawcheck. Krawcheck is the current CEO and Co-Founder of Ellevest, and Chair of the Ellevate Network. Her previous employment include head of Bank of America’s investment banking division, CEO of Merrill Lynch’s wealth management division, and CEO of the Wall Street research company Sanford C. Bernstein & Co.. In an industry wherein fraud and dishonesty are rampant, Sallie Krawcheck’s ethical leadership was exemplary. As observed by Fortune Magazine columnists, the quest for an honest ...

Employee Performance Recognition and Compensation Policies

Essay Question One: Introduction Air World International was established by Carolyn Laker in 1994, a property developer by profession, with an aim of providing quality air travel services between Europe and the U.S.A. In its initial years the company managed to establish itself as a major player in the airline industry and notched up consistent profits. However, as the global recession took hold in 2007, by 2008, the company’s fleet was running on below average capacity. Despite employee recommendations of lowering its fare structure to attract more passengers (a strategy being implemented by its competitors), Carolyn and the ...

IDEO’s Human-Centered Design & The Fun Theory

1.0 Inspiration

Bottom line: When finished with this step, your team will have identified a behavior that could be improved to make a better world and will understand the goal/wish/challenge for which it will seek a solution. Explore behaviors that you would like to improve. Due to the nature of the online environment, and to ensure everyone on the team has the best chance of fully participating, focus on behaviors of family, friends, co-workers, or other similar groups vs. working with the general public. For example: Changing the behavior of library patrons or children on a playground may not ...

The case dwells upon the purpose of the business and the basic criteria for its successful and sustainable development. The point that the authors are making is that any business should aim at attracting and retaining their clients. There are two ways to reach these goals. One way is to build a quality product and another is to deliver a service in a high-quality way. This means that the companies should not only focus on what, but how they deliver this experience to the clients. With the above in mind, the authors suggest that business decisions should be based ...

The moral point of view refers to people’s perspective on an issue based on whether the issue is deemed morally applaudable or morally right or wrong. So it involves the resolutions or laws created based on a larger perspective about what is right or wrong, one that affects or impacts more than merely one person, and therefore doesn’t take a person’s self-interest into account. The point of view can be identified by two characteristics: a best practice of deferring to reason; in other words, the resolutions should be the outcome of thoughtful sound reasoning, rather than ...

Causes, Effects and Management of Stress at the Workplace

Job stress is the detrimental physical and psychological responses that result from job demands that exceed a workers resources, capabilities, and needs (“Stress in the workplace,” 2009). In most cases, stress increases healthcare costs and reduces productivity. The causes and effects of work-related stress can be countered using individual and organizational strategies, which include assertiveness and training. Stress is caused by the content or demands of the job and the organizational needs or objectives. Organizational stress arises from heavy work overloads and issues with job security. In regards to job security, inadequate staff capabilities can affect their development, which ...

1.0 Introduction Citi Group (Citi) has taken a bad hit during the financial crisis in 2008, which it continues to shoulder today, almost a decade later. The appointment of current CEO Michael Corbat in 2012 pushed the company back to the path of better reduction of non-profitability, which finally broke through in 2015 when Citi finally made positive profits beyond its 2015 breakeven target. The succeeding sections explored this journey of challenges and promises as clearly as possible. 2.0 Mission and Vision: Impact to Primary Stakeholders Citi’s vision and mission focuses on the customer as a financial services ...

Introduction

Good governance and capital structure play a crucial role in the maximization of corporate profitability, either through an increase in profit margin or a reduction in capital cost or both (Uwuigbe, 2014), and in effect shareholders’ wealth. Companies who are aware of these factors in their objectives of profit maximization eagerly put their good governance principles into corporate codes, which act as valuable reference points in their governance decisions. As such, sound corporate governance engenders investor confidence in terms of capital preservation and acceptable returns of investments (Okiro, Aduda, & Omoro, 2015; Agyei & Owusu, 2014; Heng, Azrbaijani, & San, 2012). With ...

In the year of 1955, families around the world became at risk of losing decades of having dinner at the table, together. Yet, at the time, it seemed like a reasonable solution to haphazardly putting a meal together for a family who, at times, would not eat it. The phenomenon of the fast food industry has released many parents from the scrutiny of meal-planning every day of the week. The commercial marketing towards children made their products irresistible, seemingly affordable, easy, and enjoyable. McDonald’s took the world by force, making hamburgers and French fries the answer to busy ...

ITC Ltd.

ITC Ltd.

Introduction

ITC limited is a major organization in the Indian market as it employs more than 29,000 workers in 60 locations throughout the country. As of the year 2011, ITC was the biggest tobacco company in the Indian market, controlling a 75 percent of the market share (Ojha 1). The impact of ITC is both positive and negative on the Indian economy. ITC has been participant in several social responsibility activities, which are part of ITC’s obligation to serve the community from where it makes money. The negatives of ITC are the health related problems caused ...

Industry Background

The company chosen to be the focus of the discussion in this paper is Arcelik AS. It is a publicly listed firm in Turkey, under the Istanbul Bourse (formerly the Istanbul Stock Exchange). For the industry, analysis, two industries will be focused on since Arcelik AS markets a wide range of products in more than 100 countries. Its two biggest departments would be the consumer electronics and home appliances department. The company is a known manufacturer or white goods or large electrical products. Some of the best examples would include refrigerators, washing machines, freezers, dishwashers, coffee makers, food processors, ...

Question 1

What makes a business a sustainable one? Discuss the theory and practices associated with sustainability using examples from your own learning during the module. Sustainable business refers to a business model that has low negative impacts to the environment, society and to the economy at large. A sustainable business is the one that has the ability to meet the triple bottom line (TBL). TBL is an accounting framework that encompasses the social, environmental and financial responsibilities. This termination was coined by John Elkington in his 1994 publications on the triple bottom line. He reflected on the drivers that had ...

Ref: Sustainability Methods

Sustainability in an organization is the durability of policies, processes, methods and systems in the organization. The main objective of sustainability is sustainable development. Sustainability is, therefore, the key objective of many firms. It ensures the firm achieves the long-term objectives. Rotary international is an organization that operates across the globe and employs sustainability as a key factor in its operations. Different factors have thus affected the sustainability process of the Rotary international.

The relevance of mission and vision to the sustainability of the organization

Mission and vision statements of an organization play a significant role in the success of a company. The mission and vision statements of the company help ...

Corruption as a Political Risk in Business

The global economy has shown good signs of recovery from the previous recessions that have been witnessed by leading global economies of America, Russia, China and Japan. Despite this strong and healthy economy, there are emerging issues of vulnerability of the economy risks associated with foreign exchange transfer, political interference, legal and regulatory risks, supply chain disruption, political violence, sovereign non-payment, financial sector susceptibility, and the inability of local governments to provide stimulus. While the economic sector for both product and services continues to enjoy steady growth fueled by high levels of employment and consumption, the industries have been ...

Reflection Paper for Civil Engineering Senior Project

The definition of sustainability according to World Commission has been found to lack specificity. However, the triple bottom line (TBL) has been widely used to act as a starting point towards identification, monitoring, and development of actions forming three facets of sustainability: the environment, economy, and social equity (Stenzel, 2010). Every project designed has an impact on at least one of the following factors: the environment, the society, or the economy. When designing a project, there is a need to take into consideration the impact of the project on the environment, the society, and the economy. In the context ...

How has Aurora Textile performed over the past four years? Be prepared to provide financial ratios that present a clear picture of Aurora’s financial condition On the basis of financial statement overlook and the outcome of the financial ratios, we found that over the period of 1999-2002, the company’s financial performance was bearish. Moreover, just like the other companies in the industry, even the company had not considered the possible impact and consequently lost its financial standing. Beginning with the revenue figures, the amount has been decreasing consistently and plummeted from $245.90 million to $147.503 million by ...

The triple bottom line

The triple bottom line is defined as an accounting framework that contains tree parts namely, profits, people, and the planet. From the first structure, profits, it used to measure the economic value that has been created by the company and the economic benefit that is earned by the community and the society surrounding the company. In this case, it depicts how the Hilton hotel has improved the quality of their services and products such that customers are ready to pay extra for their goods and services. In the part of the people, it measures the extent in which the ...

Introduction

In the past, airports were viewed to be a little more than suppliers of infrastructures for the carriers. They dwelt with airlines they served and the degree of resident demand. The success of airports was not related to airport strategies and performance. They have positioned themselves as part of an integral component of the transport chain. In the past, airlines were innovative and dynamic partners of transport that controlled and regulated passengers’ experience. Currently, airports are trying to balance their customers’ relation to be similar players. The airports are transforming to a more entrepreneurial design text and have begun ...

The concept of Corporate Social Responsibility (CSR), is being implemented by practically all organizations, and in this age of technology, social media and globalization, the consumers are more aware and any operational lacking by a company will showcase them as ‘bad corporate citizens, impacting directly on the company’s bottom line. Issues such as disparity in various segments and sectors of society and challenges to the environment have made CSR an indispensable requirement for the organizations to be able to connect the image in a positive manner with the community, the stakeholders and employees. The concept of CSR has ...

As requested, I have looked into the tendency to overbill in law firms and sole practitioner offices in the United States. I have looked into how these tendencies can endanger any prospective law firm, including our own. According to my findings, the legal profession requires many reforms in order to comply with Rule 1.5 of the Model Rules and to still be able to generate a viable profit through billable hours, fixed rates or contingency fees.

Analysis of Billing Issues Within the Legal Profession

In recent years, the legal industry within the United States has undergone a major transformation. In fact, since the economy crashed in 2008, ...

Question 1

Sources of the problem facing Wight Despite Wright comprehend and being clear on his mandate as the Clearwater Seafood’s Chief Financial Officer (CFO) he had faced several challenges. As CFO, he was required to determine the best way to incorporate company’s foreign exchange risk management program into the overall growth strategy of the firm. The company has been benefiting from a weak Canadian dollar. However, strengthening of the Canadian dollar has become a source of the problem that Wight is facing. According to the article, as the Canadian dollar falls, the company’s foreign exchange risk management ...

Watching the movie, “The Corporation” is an eye opener for me. One of the things that struck me is the statement made by Michael Moore that the main motivation of corporations is the bottom-line, that is, to make as much profit as they can. It is saddening that most corporations only take into consideration their stockholders, without concern for their other stakeholders such as their employees and customers. Moore mentions further that for corporations, “there is no such thing as enough”. From the movie, I also learned that it is legal for corporations to put profit over the public ...

Question 3-1: Are individual attracted to flexible work arrangements

Flexible work arrangement is the desire to change the normal way of working, for instance working from home (online). Not everyone is attracted to flexible work arrangements. 80% of US female labor force prefer such arrangements because they have a free will to work from anywhere they want, without necessarily reporting to work every day and this balances their work-life rate (Major and Lisa 15). On the other hand, some may not be attracted to this arrangement because workers communicate less, they are not available when needed, lose of teamwork, and they detach themselves from the firm, and this ...

The process of change is more often than not bound to receive a backlash from those that it targets. This is especially the case for an organization given the integral role that people play in running them. It is inherent in human beings to resist any form of change while being in favor of the status quo often due to the fear of unknown. As a result, most organizations fail not only due to resistance from employees but also the failure to put in place adequate preparations as well as the lack of proper communication. At the same time, ...

Alcoholism is best described as the continued excessive and uncontrolled consumption of alcohol. Just like many other bad health habits, it has become a major world concern as many developed and developing countries cite it as a number one cause of addiction. It needs to be remembered that there has been a rise in alcohol-related illnesses and deaths and in some cases the use of illegal alcohol has continued to cause blindness and other medical problems (Gifford 56). Alcoholism can be equated to many other dangerous diseases that do not have cures many of which affect people without knowing ...

Problem Statement - What are the Problems that require Attention?

The case study ‘Morrison’s Dilemma’ by Leonard A. Jackson over the Caribbean restaurant by the name ‘Irie Caribbean’ discusses in detail all the aspects of restaurant operations, reporting about each and every aspect of its functioning to find out the problems faced by the management. Morrison and his partner wanted to turn the business into a profitable venture. This case study digs deeper to analyze why the business has not been able to generate profits as per the owners’ expectations. Jackson, the case study writer, quotes Morrison in the beginning, feeling proud to get second ranking for the ...

The AEG Sustainability Program

Introduction Sustainability should be of great concern to all companies in the events industry. Their business activities have a great impact on the environment. There are many new developments in sustainability, both in theory (including an increasing body of academic literature) and in practice (such as new industry guidelines, accounting frameworks like Triple Bottom Line, and corporate certification schemes) (Sachs, 2015). Corporate management in events companies is, of course, in the best position to make business decisions consistent with the growing awareness of sustainability issues. However, other corporate stakeholders can also become engaged when necessary to assure that their ...

There is no service or manufacturing organization that can work alone or in isolation. It always needs suppliers and a supply chain in order to function in an effectual manner. Nowadays, realties as well as trends that are prevailing in the global economy are compelling the organizations to ensure management of supply chain as an essential element of business strategy. In recent years, most organization have started relying on external supply sources, by using outsourcing in order to reduce the cost, and utilize major competencies. Supply chain perspective of operations management has become important because of the role that ...

Background

Joe Thomas, the company’s previous vice president, recently unveiled the results of his management report for Clipboard Tablet Company to its Chief Executive Officer Sally Smothers. So far, the results are positive albeit not a little too stunning. In this paper, the author proposes his own strategic and management platform for the growth, sustainability, and improved profitability of Clipboard Tablet Company from the years 2012 to 2015. The said discussions will focus mainly on price strategy and research and development (R&D) strategies and their corresponding effects on the company’s performance. In order to support the theoretical effects ...

Corporate decision makers and governments have subscribed to the view that cashflow is a reliable indicator of a firm’s health.usually, cash flows are pragmatic yardsticks. One need not look into other sources of information, but in the level of cash coming in versus the amount of cash being spent, to determine the feasibility of a business. However, Gentry says that cashflows, particularly operating cash flows are not as reliable as they seem to be. Taking off from a study done by Casey and Bartzack, it has been found that operating cashflows do not provide significant information on the ...

Personalization technology includes ideas from user profiling, information retrieval, user interface design, and artificial intelligence to develop information services, which are sensitive and proactive to the individual preferences. Personalization helps in impacting the bottom line because the consumers feel important as relevant information pertaining to their choice is displayed to them, and the organization can benefit by increasing conversions. Nordstorm.com suggests shoes or a tie that goes with the suit or a similar suit in the same category . Personalization impacts the bottom line even when it is used in direct mails, emails, and online shopping. Personalization strikes a balance ...