...Improving WRTG 393 Technical Writing An Outsiders Perspective Looking In In my line of work we often find that Government Officials (workers) like to use political speak when they either don’t know the answer or are afraid of telling it like it is. My choice is to tell it like it is.. Just as Guy, he has heard me on many occasion giving the bottom line up front message, because time is money (tax payer money)! Let’s look at the positives: The class was extremely challenging and although frustrating at times, I believe that challenging is what college is all about. The class material and timeline was packed full of diverse work assignments taking me out of my comfort zone on many occasions. Additionally I will say that the Instructor always had a positive attitude, a dedicated Faculty Member to say the least, but this attribute was overshadowed by the confusion of the class during the first few weeks that may have set the tone for the remaining semester. Now let’s look at hurdles that this particular course must overcome in order to improve: Confusion or perceived confusion is one in the same. The students although initially excited about the opportunity to write about a topic that interest them, received a big wakeup call on the first night and were faced with something that may have felt like more of a punishment. This set the tone for the first few weeks, and may have put this course into a tailspin from the very beginning. Real world examples would have been a...
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...the Mexican government started to liberalize the economy. These international acquisitions had a few objectives that they were obligated to meet. At first, if CEMEX was not able to integrate the acquisitions to meet the requirements of their own structure, then they would not buy the acquisition. After the first requirement, the interest expense ratio should be maintained below 4.5 per cent and the ratio of net debt to net earnings should be kept below 2.7 per cent. Finally, the acquisitions needs to achieve the same effectiveness and performance of the other CEMEX companies. CEMEX shows one of the six biases identified in Ghemawat and Ghadar’s article. CEMEX shows the ‘’Top Line Obsession’’. The Top Line Obsession means that senior managers are more focused on the top line, rather than the bottom line a an accounting statement. In the article of Ghemawat and Ghadar are also seven strategies that a senior manager can pursue. The strategies that CEMEX uses are the ‘’Pick Up the Scraps’’, ‘’Keep Your Eye on the Ball’’, Make Friends’’ and ‘’Sell Out’’. The Pick Up the Scraps strategy means that a company buys another company when a profitable opportunity reveals itself. CEMEX bought companies which were facing an economic crisis in their country and really needed to sell. The second strategy is the Keep Your Eye on the Ball strategy. This means that companies keep using their FSAs to integrate the acquisitions. CEMEX used this because in every company they bought, they directly...
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...Business Management Assignment 1. What were Nau's founders' primary motivation for founding Nau? The founders wanted to make Nau a clothing line on steroids, versus a simple clothing line. They wanted their clothing to have a purpose as they committed the company to having a small carbon footprint, give back to the community, while supplying a quality constructed product that both performed well and looked nice. 2. What kind of entrepreneurial venture is Nau? A team of entrepreneurs that are in it to win it. 3. a: How do you feel about the management's decision to give a percentage of the company's profits to charity? b: Describe the pros and cons of such a decision a: I think it is a great idea to give a percentage to charity. What is not discussed is the percentage. If the percentage is too high, profits will suffer to a point where profitability is not attainable and the bottom line suffers too greatly. As it seems, the management needed to insure their security as a company first, then worry about "giving back" or "public opinion". b: Pros: Giving to a charity is a great idea for a company. It puts the company in the face of the public with a positive light. Positive publicity is always paramount for a developing company. Cons: Starting businesses should chiefly be concerned with the bottom dollar. Profits are the fledgling company's mantra. If profits are too low, sustainability is unobtainable and growth is impossible. You are giving away hard earned...
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...MrBlume said he would not rely on it to boost earnings from its domestic operations in the new financial year. "I will not sit here and wait for Australian consumers to do more domestic travel." Wotif, whose sites include lastminute.com and latestays.com, is focused on selling accommodation to consumers in Australia. Almost one in 10 room nights in Australia is booked on Wotif's sites, while its online service for flights remains in its infancy. Wotif's Asian business continued to underperform, with travel bookings to the region declining for the fourth consecutive year. Travel to Asia totalled 6 per cent of Wotif's total bookings. Despite the poor performance, MrBlume said he was optimistic the Asian business was close to reaching the bottom. The travel company has not given guidance for the new financial year, although MrBlume conceded the "Australian retail environment continues to be problematic". He indicated Wotif was more focused on growing its existing business than pursuing acquisitions. "We haven't got any...
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...t Malaysian-based Company (Maybank) Introduction / Objective of the term paper Company Background Maybank, a government-linked company (GLC). is the largest bank in Malaysia with more than 380 domestic and 90 international branches. In Maybank, the unionised Special Grade Clerks performs these functions: • receiving and paying of cash items within designated authority • signing of internal vouchers • checking and verifying all activities of tellers • dual control of ATM • control and release of checkbooks, PIN, bank drafts, bankers cheques etc. If one analyses the job function / authority and responsibility of the unionised Special Grade Clerk, one would note that a lot of the functions of some Unionised employees in some banks are much superior to the said officers. Non-clerical - Position hold above trainee officer, bank officers (in-charge banking hall) and etc. It was reported of estimated 4,605 or 61% of Maybank employees in the clerical and non-clerical category were NUBE members and some of them decided to form an in-house union called Maybank Non-Executive Union (Mayneu). Organizational Behavior issues identified ✓ Biasness in Performance Bonus Maybank and the National Union of Bank Employees (NUBE) had been in dispute over the alleged lack of or insufficient performance bonuses provided to lower-level employees. The dispute had been ongoing since 2009. NUBE claims that the bank did not provide a fair...
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...This level of reporting and verification speaks to the point the Coca-Cola is looking at sustainability in the short and long term. One area in which the company could improve from an Accountability perspective is depicting additional efforts for goals that have not been achieved. …Measures Within the report, Coca-Cola speaks to the following areas of sustainability: The Coca-Cola System, Water Stewardship, Energy Efficiency, Climate Protection, Sustainable Packaging, Corporate Giving Economic Opportunity, Workplace / Human Rights, A Great Place to Work, Sustainable Agriculture, and Health / Well-Being. Overall statements around these measures are that they seem to be fairly inclusive to the industry, as well as covering the triple bottom lines three dimensions of social, environmental and economic performance. One highlight to the companies’ measures is their brief depiction of the Coca-Cola System. Through this measure, the company eludes that they are considering the products entire lifecycle; from where they get their ingredients, to the products refrigeration, and finally the community improvement. Areas in which the company could improve from a Measures perspective are energy efficiency and climate protection. Currently...
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...RESEARCH PAPER NO. 1805 Corporate Social Responsibility Reputation Effects on MBA Job Choice David B. Montgomery Catherine A. Ramus May 2003 RESEARCH PAPER SERIES CORPORATE SOCIAL RESPONSIBILITY REPUTATION EFFECTS ON MBA JOB CHOICE David B.Montgomery1 Sebastian S. Kresge Professor of Marketing Strategy -Emeritus Graduate School of Business Stanford University Stanford, CA Tel: (650) 723 3029 Email: Montgomery_david@gsb.stanford.edu & Dean, School of Business Singapore Management University Catherine A. Ramus* Assistant Professor Donald Bren School of Environmental Science and Management University of California Santa Barbara, CA 93106- 5131 Email: Ramus@bren.ucsb.edu Tel: (805) 893 5057 Fax: (805) 893 7612 *Corresponding Author 1 The authors’ names are merely alphabetical. 2 CORPORATE SOCIAL RESPONSIBILITY REPUTATION EFFECTS ON MBA JOB CHOICE ABSTRACT In a preliminary study with 279 MBA’s from two European and three North American business schools we find that reputation-related attributes of caring about employees, environmental sustainability, community/ stakeholder relations, and ethical products and services are important in job choice decisions. We use an adaptive conjoint analysis survey tool to discover the relative weighting of a new set of social responsibility job search criteria, including these attributes with traditional job search criteria like financial package, geographical location, etc. In addition, our results show that more than...
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...Based on my own opinion about the “responsible business” is the legal sector has long been involved in elements of Responsible Business but I am not sure that all would recognize the term responsible business. This is not because they are not responsible but more because the legal sector is still a bit behind the times when it comes to Corporate Responsibility (CR), Sustainability or as I heard it called recently ESG (Environment, Social and Governance). Yes there are some firms with fantastic and innovative CR program that have real impact but I think the key issue is investment. And by investment I mean in senior CR staff, proper budgets and truly “getting” the business case for CR. In the summer of 2014, I was amongst many I guess who cheered a huge hurrah as The Institute for Corporate Responsibility and Sustainability launched. This I felt was a huge leap forward for CR in, amongst others, the legal sector, as those of us who have been working in CR for many years could now achieve professional status. I know it is early days but it then disappoints me when I see yet another law firm recruiting for a junior level member of staff to run their CR program. Where is the leadership? Where is the understanding of the importance of this key area of business? For all other areas of their businesses law firms will invest in appointing the most experienced person to manage a practice area, they will give the title “Head” and they will give a staffing allocation and budget. Perhaps...
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...Tutorial 1 * Sustainability * Sustainability reporting * GRI Framework * S’pore Airlines & Capitaland to use GRI * Most Companies use GRI * Recommend for improvement * Should not commenting on “using other activity”, reduce fuel price” * Look @ quality of report and reporting process * Ask ourselves and benchmark what is quality of report Make reference to SGX Report print out * Look @ page 4 & page 5 on sustainability questions to use for coursework. * Page 4, potential risk * Not enough words for definition such as page 1 * Are there chart graphs of future? * Is company honest and transparent? * Is there a 2-way communication between stakeholders? * Be more critical and evaluate. * For e.g; being critical. If S’pore Airlines missed a point, recommend it. Do not critic activities. * Yes, a sustainability report should be audited. This would add points to assignment. * Do you want your stakeholders to believe report? Yes, get it audited say, “Yes, it has been reviewed.” * Do not describe activities. Do not describe what is sustainability. * Write all good things * Not everything is good. It would be good to be honest and highlight the negative. * For e.g; “ This report is good, because it also highlights the negative. It engages stakeholders. * Look @ GRI – Global reporting initiative Go to website as a guideline. Look @ content page > Search google on GRI > go to “G4...
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...Example Reflective Journal |Date |Activity |Reflection | | |Unit 1: Introduction |This is the first time that I really have the opportunity to talk about and discover more about what is really sustainability. I have often | | | |heard this word and have probably already used it without really fully understanding the concept. | | | |I am eager to learn more about the role that corporations could play in our future world and how we could possibly reverse the trends toward | | | |over-consumption and over-population. | | | |As a business student, I have often been told that corporations should aim before all at creating financial wealth for its shareholders. I would| | | |however want to believe that a corporation can contribute to the well-being of a wider range of stakeholders...
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...efforts contribute to corporate sustainability goals. External public reporting using the TBL framework provides a means for organizations to be accountable to their stakeholders for their social, environmental, and economic performance. By providing stakeholders with information necessary to hold companies accountable for their performance, TBL accounting helps ensure that corporate managers consider sustainability in their decision-making. Some critics contend that the direct comparison of TBL accounting to traditional financial accounting offers a false promise of rigor and aggregate performance measurement that is impossible given the fundamentally different types of impacts and activities relevant for sustainability. (The Triple Bottom Line-MindEdge) profit (the...
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...Assignment 1: Environmentally Sustainable Management Environmental sustainability is about more than just cleaning up after the messes we make. It goes beyond recycling and reusing resources and rather focuses on the goal of eliminating the item to reuse or recycle in the first place. After years of wasteful use of natural resources, it has become extremely important to make big changes to the way individuals and businesses conduct themselves for the benefit of our future generations. Why environmental sustainability? Gone are the days where “ignorance is bliss” regarding using natural resources as though they were limitless. The sad reality is that if something isn't done about the speed at which natural resources are being consumed and destroyed, the next generations will be left with a dim future. Everything from drinking water to soil that grows food could potentially be a thing of the past. So why would motivate a business to want to spend time and their own resources to focus on becoming more environmentally sustainable? Why not continue to compete at lowest cost and highest margin even if it means that it comes at a high cost to future generations? There are many reasons why businesses are choosing to focus on environmentally sustainable management including customer demands, economic considerations, regulatory laws and social responsibility. Customers are becoming more and more aware of the long term implications businesses of all sizes can potentially have...
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...Created Theory: Ethical Bottom Line Introduction The Ethical Bottom Line Theory is developed on the bases of the case study and CSR theories and the traditional concept of accounting system. In traditional business accounting and common usage, the "bottom line” refers to either the “profit” or “loss”, which is usually recorded at the very bottom line on a statement of revenue and expenses. The Triple Bottom Line was coined by Elkington (1994) to introduce the full cost accounting method. For example if a corporation shows a profit but their production pollutes the river, and the government ends up spending taxpayers’ money for rehabilitation programs. So the Triple Bottom Line was coined to address the issue. The triple bottom line incorporates the notion of sustainability into business decisions. The TBL is an accounting framework with three dimensions: social, environmental (or ecological) and financial. The TBL dimensions are also commonly called the three Ps: people, planet and profit and are referred to as the "three pillars of sustainability". Interest in triple bottom line accounting has been growing in both for-profit, nonprofit and government sectors. Many organizations have adopted the TBL framework to evaluate their performance in a broader context (Elkington, 1994) Ethical Bottom Line theory condenses the Triple Bottom Line of Elkington (1994) framework and integrates the Stakeholder Theory. Brief Description of the Theory The theory condenses...
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...LG ON SUSTAINABILITY What do you think is the most important for sustainability management at LG Electronics? In a rapidly changing business environment, we cannot afford to remain still; we have to constantly think about ways to achieve growth and advance our businesses. At the same time, we have to always remember that our customers are the absolute and enduring standard that drives our thinking, inspires our actions, and pushes us forward, as we focus on creating positive impact on the world. Throughout this process, we always take “Jeong-do Management” as our guiding principle, because strict compliance with the law and standards is both the starting point and ultimate goal of our efforts to become a truly global corporation. Please tell us about LG Electronics’ achievements in sustainability management in 2014. In 2014, we made organization-wide efforts to build and strengthen fundamentals, the very foundation for sustainable and enduring growth. As a result, the strength of our organization is improving, and we are thoroughly preparing to secure opportunities in our future businesses. In addition, both our employees and management are carefully identifying actions and practices required for sustainable management and putting them into practice. We are also defining practices that we need to adopt in conducting business, while directing our interest and energy towards issues that affect both individuals and societies to fulfill our responsibility as a corporate...
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...Analysis on triple bottom line and systems theory Corporate social responsibility is one of great debate for many years. Nobel prize-winning economist Milton Friedman believes the corporate responsibility a business has is to its shareholders making a profit, while Michael E. Porter and Mark R. Kramer believes businesses and society are interwoven (Newton, 2012). The purpose of this analysis is to analyze the ways in which systems theory and triple bottom line theory support or negate each other. First, the analysis will analyze CSR. Second, it will analyze how systems theory and triple bottom line theory support each other. Third, the analysis will analyze how systems theory and triple bottom line theory negate each other. Some companies believe corporate social responsibility builds good reputation and customer loyalty. Years ago corporate social responsibility was just about making a profit and providing employment. Today corporate social responsibility is more than just the bottom line. It is being involved in the community and being a benefit to society. Corporate social responsibility is the obligations of a business to society. Two types of corporate social responsibility theories are triple bottom line and systems theory. According to Savitz and Weber (2006), triple bottom line captures sustainability by measuring the impact of an organization’s activities on the world; this includes social, environmental, and financial performance (people, profit, and planet)...
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