...What are business ethics and sustainability? Introduction Steel is a unique and vital material. It touches almost every part of modern life. It is a key element of our infrastructure. From buses to buildings, from canned food to computers, almost everything we see around us is either made of steel or is made using steel. Steel is essential to modern society. TATA Steel Ltd. is the third largest steel producer in Europe and has its main steelmaking plants in the UK and Holland. It supplies steel and related services to major industries, such as construction, vehicle production and packaging. The European operations are a subsidiary of TATA Steel Ltd. ,one of the world’s top ten steel producers. The combined Group has around 50,000 employees. The challenges of sustainability A commitment to environmentally-sound practices is part of many businesses’ commitment to act responsibly. Social responsibility refers to an organisation’s obligations to maximise its long-term positive impacts and minimise its negative impacts on society. For TATA Steel Ltd., it is a core part of its vision to be ‘the global steel industry benchmark for value creation and corporate citizenship.’ TATA Steel Ltd. is committed to tackling the challenges of sustainability. This means that it takes its responsibility towards both the environment and its communities seriously, balancing these against the need to make a profit. It has put systems in place to meet international standards for environmental...
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...BUSINESS ETHICS Student’s Name: Ce Wang Student’s ID: 1226656 Instructor’s Name: Peter Goalby Course Name: New Advances In Business University Of Bedfordshire Date Assignment is due: 20/03/2015 Abstract Business ethics looks at whether the company is heading in the right course by adhering to the various factors such as integrity, fairness and reliability. The ethics set up by the organization plays a vital role in the hiring process and the business management practices. Running an ethical organization is vital in financial matters and in creating the morale and loyalty of the personnel. Ethics are also relevant to the business as it ensures that there is ethical behavior among the workers in the organization. Ethics are also relevant to the business as it aids in creation of an ethical organizational culture. Most of the organizations when posed this question believe that it is the employees who are chiefly responsible for ensuring that their work meet the ethical considerations. However, the employees are not the only ones responsible for business ethics, the employees need support from the management or from the employer. This paper has a look at the ethical issues surrounding the steel manufacturing industry and the Healthcare industry. It also looks at the relevance that ethics have on business, sustainability and corporate responsibility. The paper also looks critically at the connection of business ethics to the organizational culture. Lastly, it...
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...na nce enduring sustainability The journey towards es Go r ve fo rm an gi INTEGRATED REPORTING Communicating Value Transparently At the very core of the concept of Integrated Reporting (IR), is the growing recognition that a number of factors determine the value of an organisation – some of these are financial or tangible in nature and are easy to account for in financial statements. However others, like people, natural resources, intellectual capital, markets, competition, etc., are harder to measure. This is where the concept of Integrated Reporting comes in. IR enables an organisation to communicate in a clear manner on how it is utilising its resources and relationships to create, preserve and grow value in the short, medium and long-term. And thus helping investors to manage risks and allocate resources most efficiently. The IR reporting framework covers six parameters: v Organisational Overview of the Business Model O k loo ut The Busine ss M el od Risks a nd v Operating Context, Risks and Opportunities v Strategic Objectives and Strategies v Governance r Pe Op po r tunities Value Transparently Communicating ategic Obje Str c es a tiv nd Strate ce v Outlook na nce This Annual Report is Tata Steel’s maiden attempt to report in accordance with the above parameters. It is in keeping with Tata Steel’s own belief in transparency, accountability and ethics. A belief that Tata Steel has held strong for...
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...Managing for environmental sustainability Jiangsu Zhuhong Forging Co., Ltd. Table of Contents Executive Summary 3 Introduction 4 History: 4 Ownership 4 Major Products 4 Market presence 4 Jiangsu Zhuhong Forging Co. Ltd. Key Target Market 5 Product 5 Price 5 Promotions 6 Corporate plan 6 1. Manufacturing strategic plans 6 2. Marketing strategic plans 6 3. Human resource strategic plan 7 Environment related strategic plan 7 Environmental Information gathering system 8 Organizational Response Mechanism 8 Behavioral Audit 9 Energy Consumption 9 Emission Level 10 Sentiments of Stakeholders 10 Manufacturing Efficiency 11 New/ Improved product Developments 11 Waste Management 12 Packaging 12 CEO behavior: 12 Environment Safety Mechanism 13 Recommendations 14 References 16 Executive Summary The report is about the management of environment sustainability of the company Jiangsu Zhuhong Forging Co. Ltd which was prepared after conducting an interview with owner of this company Mr. Mr. Meiyan Yang. The company produces forged rings made of steel for different manufacturing industries like steel, power and cement. These industries are the chief consumers of forged rings are mainly concentrated in the province of China. The environment safety mechanism as well as environmental sustainability management of the company is very poor as they are more focused towards increasing productivity and efficiency whereas the environment...
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...se Liu Siqi 921026-9628 tml10slu@student.hig.se Date: 2012-03-25 Summary Sandvik is a global company in material technology and engineering industry, its business is over the entire world. Sandvik built all its objectives based on high customers’ satisfaction and with the goal of improving customer companies’ performance and profitability, and in order to do so, it successfully conduct and combine many typical marketing strategies. Some scientific articles, information on Sandvik’s official website and marketing text books are adopted to strengthen this paper’s study. This article may focus on several important marketing aspects which are marketing planning, segmentation, product, price, place, promotion and sustainability to analysis the Sandvik Company’s marketing strategies. And compare the reality situation to theory from book or literature, an abundant discussion has been done to describe the condition of Sandvik’s marketing and rational conclusion based answering the purpose has been made according to discussion. Content 1. Background/Introduction 1 2. Purpose 1 3. Methodology 1 4. Theoretical framework 1 4.1 marketing planning1 4.2 Segmentation, Targeting and Positioning2 4.3 Product2 4.4 Price3 4.5 Place 4 4.6 Promotion4 4.7 Sustainability: Marketing ethics and social responsibility5 5. Results/ Finding 5 6. Analysis/ Discussion 9 7. Conclusions 12 8. Reference list 13 1. Background...
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...in which they engage. The primary sector deals with the extraction and harvesting of natural resources. They then perform rudimentary processing of the products for sale directly to consumers (although rare) and to industries in the secondary sector. Primary sector industries include mining, agriculture, fishing, and the timber industry (Goodwin et al. 2014). The secondary sector then converts the outputs of the industry sector into products deemed suitable for consumption. Industries in the secondary sector include manufacturing industries (such as car manufactures, steel rollers and pharmaceutical industries) and processing industries (such as wine companies, soft drink companies and milling companies) (Goodwin et al. 2014). Then there is the tertiary sector that provides services to the primary and secondary sectors. Such services include marketing services, transport, consulting, education, finance and administration to mention just but a few (Goodwin et al. 2014). The management of physical and human resources differ from sector to sector and from industry to industry. Industries in the same sector may have similar or closely similar resource requirements. However, resource requirements largely depend on the activities of the business. The agriculture industry (generally the primary sector) is largely labour intensive (The World Bank 2003). This means that the sector is mainly dependent on human resource for its success. This is one of the reasons why developed countries...
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...STUDY EXECUTIVE SUMMARY Nucor is the world’s leading mini-mill producer of a diverse range of steel products such as bars, beams, sheets, plates joists and fasteners. With a production capacity exceeding 27 million tons, it is the largest producer of steel in the United States, as well as North America’s largest recycler. Nucor’s growth and success are driven by its low-cost strategy and technological leadership. By pioneering the use of electric arc furnaces and creating a network of mini mills, the company eliminated the need for excessive costs in production processes, capital equipment, raw material, distribution and manpower. COMPANY HISTORY 1950s-60s – make of nuclear instruments and electronics 1964 – exited nuclear to focus on profitable steel joist bsiness 1972 – adopted the name Nucor and began long-term strategy to grow into a major player in the US steel industry 1985 – became the 7th largest steelmaker in North America 2012 – surpassed US Steel as the largest steel producer in North America 2014 – made 166 consecutive quarterly dividend payments, having earned profits in every quarter of every year since 1966 VISION, MISSION, VALUES Nucor is made up of over 20,000 employees guided by the following vision and mission: “Take care of our customers by being the safest, highest quality, lowest cost, most productive and most profitable steel and steel products company in the world.” The company broadens its definition of “customers” by including...
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...1.0 PRoblemS DEFINITION 1.1 Types of Strategies used for Local and International Markets Under the International Strategic Management approach, companies can choose to either venture their business towards the Global or Regional strategy. The Global Integration strategy looks at production and distribution of products and services of a homogenous type and quality on a worldwide basis. National Responsiveness strategy requires understanding of individual consumer tastes imposed by autonomous governments and agencies. To further understand the Global and National strategies, we look into the two-dimension matrix below. (textbook, pg277) Global Strategy International Strategy Transnational Strategy Multi-domestic Strategy Global Integration High Low National Responsiveness High Low Quadrant 1 – Global Strategy, High requirement for integration and low awareness of differentiation. Based on price competition, entry strategy used it often mergers and acquisition. Quadrant 2 – International Strategy. Low requirement for centralised quality check and strategic decision making eliminating the need to adapt to individual countries. Mixed strategy combining low demand for integration and responsiveness. Quadrant 3 – Transnational Strategy. High requirement for integration and differentiation. Emphasizing both global integration and local responsiveness. Quadrant 4 – Multi-domestic Strategy. High requirement for differentiation but low concern for integration...
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...Universidad Autónoma de Nuevo León Facultad de Contaduría Pública y Administración International Business Program Human Resource Management Marcelo de la Rosa Integrated Business Project Grupo Villacero Student Name | Student ID | Lucero Reyes Chapa | 1592824 | Sandra Patricia Romero Leos | 1582746 | Karla Daniela Lara Moreno | 1587671 | Lucero Dávila Llerenas | 1599511 | Efrén Huerta Aguilar | 1692895 | Roberto Carlos Hernández Díaz | 1693016 | Group: 5Bi November 5th, 2015, Cd. Universitaria de Nuevo León GRUPO VILLACERO HISTORY Villacero is Mexican steel distributor company that was founded in 1955, as company Materiales de Fierro Monterrey. It was not until 1970 when Villacero was consolidated and expanded its activities in steel processing services. In November 2006 Villacero and C & F acquired a significant share of Adelphia Metals, the third largest distributor in North America rods. In 2007 Villacero formed a strategic alliance with ArcelorMittal to form a joint trading company to serve the domestic and US markets. With over 55 years of experience, Villacero is a leading Group in Mexico that stands out worldwide in more than 34 countries through marketing, processing and logistics in the steel sector. It has large activities that provides to the most varied market segments such as: Distributors, Construction, Housing Developers, general industry, government, and international trade, among others. Villacero is a responsible company towards...
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...Winter Internship Report on the basic study of Corporate Governance and Comparative Analysis Of The Annual Reports of Vizag Steel and TATA Steel At Vizag Steel Submitted in partial fulfillment of the requirements by NALSAR University Submitted By Sushma Yanamadala ( Centre for Management Studies National Academy of Legal Studies and Research Shameerpet, Secunderabad. Certificate from Company Declaration I hereby declare that the project entitled “Corporate Governance and Comparative Analysis of the Annual Reports of Vizag Steel and TATA Steel” submitted to the NALSAR University of Law, Centre for Management Studies, Secunderabad has been prepared by Sushma Yanamadala in Corporate Governance Department at Vizag Steel, Vishakapatnam. This embodies the data collected and analyzed under Mr.S.SakthiMani, Company Secretary, at Vizag Steel and hereby approved. The data collected for the analysis and report was provided by Vizag Steel, and was asked to use this information only, which include the company profile, annual reports and articles that have been used for reference. Place: Vishakapatnam Date: Signature of the candidate --------------------------------- ACKNOWLEDGEMENT ...
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...EXECUTIVE SUMMARY This report is a suggestion of which accounting technique should to be integrated into BHP Billiton’s contemporary management accounting system. Through in depth research this technique has been identified as the environmental management accounting technique. This result was achieved through the research of the strengths, weaknesses, opportunities and threats (SWOT) analysis and the identification of the critical success factors. A balanced score card was then created using the information gathered to be used in identifying the most relevant technique. EMA was the technique decided upon as compared to the other techniques as it is the most relevant to BHP Billiton as their industry deals day to day with the environment and society. It will create awareness for the harm that is being done to the environment and will encourage them to create the minimum damage to the earth. It will also assess any repercussions of their actions that may affect society and bring harm to people. By integrating the EMA technique, it will help the organisation to collect the most relevant information to their situation and will assist in the planning, controlling and decision making within that organisation. This will improve the organisations strategy in which to help preserve the environment and also affect their financial state positively. TABLE OF CONTENTS EXECUTIVE SUMMARY 3 TABLE OF CONTENTS 3 1. INTRODUCTION 5 2. BHP BILLITON LTD 5 ...
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...CONNECT FEATURES Interactive Applications Interactive Applications offer a variety of automatically graded exercises that require students to apply key concepts. Whether the assignment includes a click and drag, video case, or decision generator, these applications provide instant feedback and progress tracking for students and detailed results for the instructor. Case Exercises The Connect platform also includes author-developed case exercises for all 12 cases in this edition that require students to work through answers to assignment questions for each case. These exercises have multiple components and can include: calculating assorted financial ratios to assess a company’s financial performance and balance sheet strength, identifying a company’s strategy, doing five-forces and driving-forces analysis, doing a SWOT analysis, and recommending actions to improve company performance. The content of these case exercises is tailored to match the circumstances presented in each case, calling upon students to do whatever strategic thinking and strategic analysis is called for to arrive at a pragmatic, analysis-based action recommendation for improving company performance. eBook Connect Plus includes a media-rich eBook that allows you to share your notes with your students. Your students can insert and review their own notes, highlight the text, search for specific information, and interact with media resources. Using an eBook with Connect Plus gives your...
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...subsidiaries and affiliated businesses, most of them united under the Samsung brand. On March 1, 1938, founding chairman Byung-Chull Lee started a business in Taegu, Korea, with 30,000 won. At the start, his business focused primarily on trade export, selling dried Korean fish, vegetables, and fruit to Manchuria and Beijing. Over the next three decades the group diversified into areas including food processing, textiles, insurance, securities and retail. Samsung entered the electronics industry in the late 1960s and the construction and shipbuilding industries in the mid-1970s; these areas would drive its subsequent growth. Following Lee's death in 1987, Samsung was separated into four business groups – Samsung Group, Shinsegae Group, CJ Group and Hansol Group. Samsung Electronics Co., Ltd. is mainly engaged in the production of consumer electronic products. It operates in three business divisions: consumer electronics (CE) division, which involves in the color televisions (CTVs), monitors, printers, air conditioners, refrigerators, laundry machines and others; information technology & mobile communications (IM) division, which involves in the production of computers, handhold phones (HHPs), network systems, digital cameras and others, as well as device solutions (DM) division, which is divided into semiconductor and display business parts, providing dynamic random access memories (DRAMs), flashes, thin film transistor-liquid crystal displays (TFT-LCDs) and others. The Company...
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...ever be in such a situation in which it does not encounter any competition whatsoever? | | | |TABLE ON CONTENTS |PAGE | |What is strategy |03 | |LEVELS OF STRATEGY |03 | |Corporate strategy |03 | |BUSINESS STRATEGY | | |FUNCTIONAL STRATEGY | | | |04 | |strategy in absence of competition | | | |05 | |corporate without competitors ...
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...theme will be to analyze the selected company using the standard of the ‘North-End-CSR’ card. The assessment, using the ‘North-End-CSR’ card, should reveal certain of the company’s characteristics, and allow us to evaluate and reconsider the purpose of CSR Discussion Outline of XSTRATA The publicly-traded company selected by our team is XSTRATA, a corporation which is listed on both the London Stock Exchange and the Switzerland Stock Exchange. The headquarters of the company is in Switzerland. To analyze the XSTRATA’s CSR conformity, key general factors of the company which will be considered. They are: (a) industry classification, (b) services and products, (c) overseas operations, and (d) number of employees. The strategy and extent of CSR activities may be expected to vary depending upon these factors. a) Industry Classification XSTRATA is in the mining industry....
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