...assessing themselves against these Criteria. Companies that embrace the Criteria for Performance Excellence and incorporate them into their business practices can expect to achieve more than their competitors. (See NIST study.) Why should businesses use these Criteria? The Criteria provide an assessment framework for performance excellence. It will help measure performance on a wide range of key business performance indicators: customer, product and service, operational, and financial. All key stakeholders processes and results are examined: customers, employees, owners and public. Assessment against the Criteria allows the company to identify company strengths and target key opportunities for improvement. Company communication and performance will improve, with resources aligned to achieve common goals. Why should companies conduct a Management Self-Assessment The Self-Assessment is just one application of the Criteria for Performance Excellence offered by the University Extension and the SBDC. Companies completing the Self-Assessment will have a detailed overview of their organization outlining strengths and opportunities for improvement. Self-Assessment Purposes The assessment has three important roles in strengthening companies: • to help improve performance practices and...
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... | |Sustainable marketing is the adoption of sustainable business practices that create better businesses, better relationships and a | |better world. At Sustainable Marketing Services, we believe sustainable marketing involves the following five key elements. | |1. Embed sustainable business practices into 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...
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...and elements of Sustainable Supply Chain Management (SSCM). Recycling is a relatively new industry and the amount of recycling in countries varies significantly based on Political, Industry and Community issues. Academic and corporate awareness of sustainable supply chain and logistics issues has increased significantly in recent years (Seuring and Muller, 2008). Whilst demand for recycled raw materials is consistently increasing, the prerequisites for establishing a reliable supply chain are complex. Without a reliable and cost effective supply chain, manufacturers will avoid the use of recycled materials and instead choose less environmentally friendly virgin materials. Regardless of the reason for a company going ‘Green’ and looking for sustainability, there are key market drivers and requirements for such goals to be successful. This paper will examine the key supply chain factors that are required to optimise a sustainable supply chain model with respect to recycling and utilisation of recycled products. The key areas of focus for this analysis are: • Government/Politics/Regulatory • Industry • Companies • Community/Culture & Socio Economics • Infrastructure • Logistics These are commonly regarded as the key enablers of a sustainable supply chain with regard to...
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...Table of Contents Table of Contents Table of Contents ii 1 What are the business problem(s) involved in the case? 1 2 What are the ethical issues raised by the case? 2 2.1 Formalist Analysis 2 2.2 Utilitarian perspective 3 2.3 Virtue ethics perspective 4 2.4 Descriptive ethics framework 5 3 What would Alex Brown do? 6 4 Conclusion 7 Appendix 1: Scoring two courses of action based on Formalist Perspective 8 Appendix 2: Scoring two courses of action based on Utilitarian Perspective 9 What are the business problem(s) involved in the case? Is Chinese subsidiary of Pharmacyl Inc., successful? No. Evidences are that they (1) have not achieved outstanding results in this important market, (2) have not become market leader and overtaken local competitors yet, and (3) have not created solid base to expand to other parts of the country. Why have they not been successful yet? Because they were having ineffective leadership and management practices. Evidences are that manager (1) does not know what their subordinates were doing, and (2) could not motivate subordinates to obtain good results. Why have they had ineffective leadership and management practices? Because they got serious problem with communication throughout company. Evidences are that (1) employees are struggle to tell the truth of what they think is the real root cause of the issue they are facing to their line manager, (2) manager could not communicate easily and frankly with employees...
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...Better Practices for Retaining Organizational Knowledge: Lessons from the Leading Edge David W. De Long and Thomas Davenport n 1998, after significantly downsizing for ten years, the Tennessee Valley Authority (TVA) realized that the median age of its 13,000 remaining employees was 48. Because most of its workers retired well before age 60, this meant that over the next ten years the TVA, the largest electrical utility in the United States, was bound to lose many of those it depended on to run its nuclear, coal-fired, and hydroelectric power plants efficiently and safely. Those employees, and the knowledge they embodied, would be hard to replace. Changing workforce demographics, marked by an aging labor force, more competitive recruiting, and faster turnover among younger employees, are creating unprecedented knowledge-retention problems in many industries, threatening to reduce the capacity for innovation, growth, and operational efficiency. A recent study of 26 firms conducted by the Accenture Institute for Strategic Change documented the danger lost knowledge poses for organizational performance in the global chemical industry.1 But, of course, operational and institutional amnesia imperil more than just the chemical industry. This article outlines a set of “better practices” that organizations currently are implementing to address these concerns. The practices shared here are not claimed to be “best in class,” because the challenges of knowledge ...
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...With the announcement earlier this year by Airbus that it plans to invest $600 million to build jetliners in Mobile, Alabama, the Southeast U.S is well positioned to attract foreign direct investment and U.S suppliers to the region. Central to the supply chain discussion are location strategies that optimize the value chain, drive innovation through the involvement of education and academia in proximity/joint working relationships and provide flexibility for adapting to business change. Location decisions such as these are special events that require careful attention to many conflicting strategic, operational, financial and intangible factors that can set the stage for either great success or fantastic failures. these issues will be one of the biggest challenges facing the industry in the coming years. This whitepaper explores the key drivers impacting the aerospace industry, the process for developing a comprehensive location strategy in response to industry expansion, and these critical locations factors that lead to location strategy success in the Southeast U.S.: Global commercial aircraft orders have increased six percent in 2011, with accelerating demand for new, more fuel efficient and technologically advanced aircraft. According to a number of studies, the industry will have to increase production by 45 percent to meet demand in the coming year to address the backlog orders. This is evident by the recent announcement by Airbus to double its current $12 billion spend...
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...HRM: 4 4.Issues of new strategy: 5 5.Solution for issues: 6 6.HRM practices: 6 7.Conclusion: 7 8.References list: 7 1.Executive Summary: Unitel was a huge telecommunications organization in the Asia Pacific area since their privatization in early 1990s. In order to expand their business and compete against others, Unitel has announced a new collective strategy called :”Vision 2020”, which was grown by an external consulting company. Firstly, this report aims to analyse the role of HRM during the business strategy is executing. To explain these role, using the 6 functions of HRM such as staffing, performance management, training and development, rewards and benefits, employee-management relations, health and safety. Secondly, this report moves to the issue section, meaning that it will demonstrates the main issues that occurs while excuting the new strategy.Those problems are conflicting relationship, poor management, belief problem. After that, these best possible solution for those issues is applying the Storey Model (1992). The Storey Model (1992) includes four main features as belief and assumption, strategic aspects, line management, key levers.Next, after all these events, with the purpose of improving the organizational performance, this report also provides four HRM practices that can be use in order to satisfy the purpose. Ultimately, a conclusion is supplied to sum up the whole main key points of the report. 2.Introduction: A big telecommunications company...
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...organizational culture to implementation of csr strategy 1. Introduction Nowadays many authors declare Corporate Social Responsibility (CSR) in strategic terms as it is no longer seen as the invention of some social activist but important source of competitive advantage. However various researchers still struggle to figure out what shape and utility should the tools of CSR have and what implementation model could be the best to fulfill the business objectives. The study aims to demonstrate whether Trompenaars bipolar model of organizational culture could prove useful while implementing CSR strategy and to propose some good practice in this case. 2. Theoretical framework Culture A lot has changed in world of management since 80s and many leaders tend to ask a question whether corporate culture is still important. However high interest in that area seems to be a sufficient prove that it still is. According to a recent survey by management consultancy Bain & Company, 9 of 10 senior executives believe that corporate culture is as important as strategy for business - - - - - Electronic PDF security powered by www.IndexCopernicus.com 114 Adrian Pyszka, Michał Piłat success1. Corporate culture is described as general constellation of beliefs, mores, customs, value systems and behaviors that are unique for each corporation (Tunstall, 1983). By Schein (199) organization culture is the pattern of basic assumptions that a given group has invented, discovered or developed...
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...Response to the Presidential Commission from the desk of the President - Barak Obama CR 503 – Business and Society I. Presidential Commission President Obama, heading a special commission, has requested a draft for a National Code of Corporate Responsibility. Once completed, the Code will be widely disseminated as a national blueprint for proper business conduct. It is, therefore, imperative that the new code contain the necessary business, social and ethical policies that will lift the American corporate community out of its disreputable position and accelerate its return to global superiority -- as both economically productive and socially/morally unassailable. There are two aspects to the Corporate Responsibility Code which the President wants addressed. First, what conduct or practice rules, principles or policies should be in place for corporations, and how they function as business entities, interacting with other institutions and with individual members of the public? Secondly, what conduct or practice rules, principles or policies should be in place for individual business managers, and how they function and relate to their subordinates, their stockholders, and members of the public? Your assignment is to draft the two parts of this Code. Congress will only approve the new Corporate Responsibility Code that is proposed if it addresses key issues for both corporate conduct and individual manager conduct, and if each rule, principle or policy...
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... * Mite10 * Home timber and hardware 2. Bunnings warehouse * Structural Factors 3. Technical Factors 4. Environmental factors 5. Environmental Factors 6. Sociological Factors 7. Personnel Issues 8. Workplace Health and Safety 9. Mitre 10 * Structural Factors 10. Technical Factors 11. Environmental Factors 12. Sociological Factors 13. Personnel issues 14. Workplace Health and safety 15. Home Timber and Hardware * Structural Factors 16. Technical Factors 17. Environmental factors 18. Sociological factors 19. Personnel issues 20. Workplace health and safety Background Information The industry in hardware is growing in Australia, and with three main companies all fighting to be number one it provides customers with great prices and great products. Bunnings warehouse, mitre 10 and home timber and hardware all have one thing in common and that is to provide every customer with the best service and products. In this industry study I will provide information on each hardware. Allowing customers to create an insight into the business. Bunnings warehouse Bunnings started in 1886 Western Australia by Arthur & Robert the Bunnings bros where they bought their first sawmill. Bunnings expanded in the WA market, adding building supplies to the existing timber business. Bunnings bought Alco Handyman in WA to increase exposure to the D.I.Y market, also McEwans...
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...Case Study Discussion and Executive Summary June 27, 2011 MGT/216 Case Study Discussion and Executive Summary This paper explores “The Ford Pinto Case” managing of business ethics. Numerous factors suggest within this research that Ford Motor Company was negligent and violated its code of ethics. To understand how relationships are affected a closer look at Ford Motor Company missions and values will align Team B’s personal values with Ford Motor Company. In this paper the study to examine are the role of people, products, and profits in the decisions made regarding the Ford Pinto. Key factors surrounding the Ford Pinto Case The death of Lynn Marie Ulrich, Dana Ulrich and Lynn’s sister, and Judy Ann along with many others was what brought the controversy of the Ford Pinto’s faulty gas tank placement to a climax. After so many unnecessary deaths the release of the Ford Pinto was the responsibility of Ford’s CEO Henry Ford II and Ford’s new president Lee Iacocca. Iacocca reduced the average production of a car from three and a half years to a little over two years. Iacocca was aware that during crash testing the Pinto’s gas tank exploded upon collision but was desperate to expedite the vehicle’s release on his deadline. After the discovery of the Pinto’s faulty gas tank, Ford’s president decided it would be costly to make changes in the Pinto’s gas tank location and its size. The Ford Pinto cost $2000 and making changes would increase its price thus possibly...
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...Problem statement Social networks are nowadays considered by many academic and business experts as the next frontier of the ways in which communication is enacted by individuals in contemporary society. It is easy to infer how relevant are social networks in the private lives of many individuals. The social network Facebook has now experienced more than 1.5 nillion active users worldwide. This surge is justified in part by the ease through which social media users can interact instantaneously without the necessity to be in the same place, and in part by the fact that users enjoy themselves by using social networks on an extensive basis, as recognized by many experts. Online communities are made able to share content, comments and opinions directly,...
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...discussion current marketing strategies of Starbucks. Starbucks is particularly proud of their commitment to maintaining quality, integrity, and great taste of coffee through the course of its growth, and coupled with that commitment is the high value placed on the employees (partners) worldwide. "We realize our people are the cornerstone of our success, and we know that their ideas, commitment and connection to our customers are truly the essential elements in the Starbucks Experience." Starbucks' value for people goes beyond the employees, however. The relationship between the strength and vitality of the communities and the success of Starbucks is highly valued: investing in communities is not only the right thing to do, it has become part of the tradition of the Starbucks culture, to help produce social, environmental, and economic benefits for communities. Local communities benefit from literacy and volunteer programs that encourage the physical and social well-being of at-risk youths in suburban programs, efforts to sustain and maintain economic livelihood for farmers, and contributing to disaster relief programs. Starbucks is also committed to the global environment, understanding and...
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...brief: 4 1.2. Services provided by the organization: 5 2. Employee management in the organization: 5 2.1. Technologies invented and business: 5 2.2. Various collaborations: 7 2.3. Implementation of knowledge management strategy: 7 2.4. Post implementation analysis: 8 3. Potential application: 8 3.1. Communities of practices within the company: 9 3.2. Organizational influences: 10 3.3. Community evolution in IBM Global Services: 10 3.4. Patterns followed: 11 4. Conclusion: 12 References: 13 1. Introduction: Knowledge management (KM) is group of processes that concerns the creation, distribution and consumption of knowledge. It’s a broad topic and is not only a technological strategy. It mainly governs the whole process of discovery and formation of knowledge. KM balances and increases other managerial initiatives such as total quality management (TQM), business process re engineer (BPR) and organizational learning providing a latest and urgent focus to continue competitive spot (Abrahamson, 2003). In order to serve the customers well and remain in the business knowledge management should be applied. But none of it would be possible without a continuous focus on formation, updating, accessibility, quality and the use of knowledge by all the staff and teams at work. 1.1. Organization (IBM) brief: The International Business Machines Corporation, commonly known as IBM is a multinational company and consulting firm that manufactures computer hardware and software...
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...The Foundation Schools will keep the costs down with the school by collaborating with the community that has played a key factor by keeping the school successful. AT&T’s individual and corporate strategy as well as identify education and training needs to meet career goals of the associates and the needs of the business. AT&T uses the following methods to determine the education and training needs relative to their growth and the company to include customer feedback, observation of behaviors, professional goals, strategic direction, and competitive analysis (Best Practices, 1999, p. 29). AT&T CCS has integrated employee development and career planning into its human resource strategy. By making employee development a cornerstone of its human performance system model, AT&T CCS signals its importance to managers and employee alike (Best Practices, 1999, p. 29). It is similar to Foundation Schools, Nancy’s leadership has been a key reason the school has achieved its current reputation. She focuses her time on developing her staff, investigation and implementing new approaches to learning, and ensuring the school maintains its position as a leader in special education (UOP, 2011,p.2) To foster commitment, involvement and innovation, AT&T CCS employs a variety of team and individual involvement approaches. To measure and manage performance, AT&T uses three key measures to determine performance to include (1) people value added (PVA), customer value...
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