External Environmental Factor In analyzing the existing and future environmental factors that may affect company’s profitability we review the remote environmental factors that present opportunities as well as treats and constraints such as (Pearce & Robinsons. 2011): 1- Economic 2- Social 3- Political 4- Technological 5- Ecological The ongoing changes in the external environment of the organization impacts the decisions that Lululemon will need to make to remain
Ethics Reflection Paper Name Strategic Planning & Implementation/581 Date Instructor’s Name Ethics Reflection Paper Ethics are the principles, values, and beliefs that provide a basic framework that businesses may choose to follow to set standards for what is right and wrong behavior in the workplace (Pearce & Robinson, 2011). Ethics is the means of deciding a course of action. According to Pearce and Robinson (2011), “ethical standards reflect not a universally accepted code, but rather the end product of a process of defining and clarifying the nature and content of human interaction.” Corporate social responsibility (CSR) embraces a company’s ethical policies to encourage employees to reach out to the community, including stakeholders with a positive impact to protect the company’s assets as well as promote a healthy secure work environment. Personal ethical standards help contribute to the decision and behavior of an organization to develop a strategic plan. The purpose of this paper is to explain the role of ethics and social responsibility in developing a strategic plan while considering stakeholder needs and explain how my ethical perspective has evolved throughout the masters program at University of Phoenix.
Later, the case discussed how FIJI Water LLC dealt with various issues of corporate social responsibility (CSR), such as the issue of carbon footprint on its production, responsibilities to the stakeholders, and relations and various legal issues with the Fiji authorities on tax incentives, export duty claims, and transfer pricing issues. Question 1: Pearce & Robinson (2011) recognized the importance of corporate social responsibility (CSR) for business today. The firms’ strategies should not only focus on the stakeholders’ or the employees’ interests, they
Trustworthiness, Ethical Stewardship in Leadership Anthony R. Gilmartin Northcentral University MGT7019-2 February 10, 2013 Abstract In this article, a comparison and contrast of the approaches of the parties who influence business decisions as it relates to ethics, and to whom the decisions influence. Furthermore, the article will scrutinize the differing objectives of company leaders who influence business decisions. Along with assessing the events that a corporation may take to arrange ethical considerations relative to social or financial performance, and corporation’s status in the community and business industry. The article will review the degree of consideration business leaders should use with social, ethical, and public issues when dealing with internal and external stakeholders. Last, the article will evaluate ethics in an academic setting, principally concerning academic integrity and the code of conduct.
EUR 34 35 HUGO BOSS © 25-Feb-2015 2 / 19 Sustainability @ HUGO BOSS Sustainability @ HUGO BOSS The strategic dimensions “We act responsibly“ We Manage stakeholder oriented LCA @ HUGO BOSS Environment Preserve natural resources Employee Employ equitably and foster a culture of responsibility HUGO BOSS © Partner Collaborate responsibly Product Develop ideas for tomorrow Society Create shared values 25-Feb-2015 4 / 19 LCA projects: ecologtex / ecoshoes For textile and leather products Life Cycle Assessment @ HUGO BOSS Mass LCA analyses – collecting data from the complete supply chain Online Questionnaires (primary data) LCI – datasets Product Environmental Footprint Analyses of all main environmental impacts: !for each single process step ! for the whole product life cycle ! for the supply chain secondary data Benchmarking of production steps Supply Chain and Product optimization Material data (secondary data) LCA @ HUGO BOSS Product and Process data© HUGO BOSS 25-Feb-2015 6 / 19 Life Cycle Assessment @ HUGO BOSS Mass LCA analyses with 100% primary data from the supply chain LCA @ HUGO BOSS HUGO BOSS © 25-Feb-2015 7 / 19 Life Cycle Assessment @ HUGO BOSS Mass LCA analyses with 100% primary data from the supply chain through online questionnaires LCA @ HUGO BOSS HUGO BOSS © 25-Feb-2015 8 / 19 Life Cycle Assessment @ HUGO BOSS Mass LCA
Abstract In this paper I will create an environmental scan for the company indicating the most significant environmental threats and discuss how the company should respond to each threat to ensure that the impact to the business is minimal. Based on the environmental scan, I will evaluate the company’s strengths and evaluate how the company can leverage these strengths so as to yield a competitive advantage in the marketplace. Next I will identify a significant competitor for the company and assess how my company will compete against it to maximize profits and create value for stakeholders. I will assume that the U.S. economy is in a state of decline requiring modifications to the strategy. Evaluate how the strategy should be modified.
Stakeholders as potential assets for organisations When developing a project or a strategy, organisations have to go through a strategic management process to analyze the environmental factors that might affect them. This process contains many steps, from defining the mission and the objectives of the company, analysing the business environment, reviewing the strategic opportunities, and comparing the strategic options, to the very last step: the implementation of the strategy. In this essay, we will focus on the role of stakeholders in this complex but necessary process. The stakeholders are part of the value chain and are defined as “those individuals or groups who depend on an organisation to fulfil their own goals and on whom, in turn, the organisation depends”. Their level of implication in the success or failure of an organisation’s strategy and the way managers should deal with them have been highly debated subjects in management literature, especially since Freeman (1984), the founding father of the Stakeholder Theory, often quoted in academic papers, published its seminal book, Strategic Management: A Stakeholder Approach.
This begins with understanding your company’s “footprint” and “handprint”. Your company’s footprint is the sum total of the environmental and social costs of what you do, while your handprint is why you are here, encompassing all that your company contributes to the world. Schein's model of organizational culture could be used in this case to Explain the culture of this organization. Schein (2004) identifies three distinct levels in organizational cultures: 1. artifacts and behaviors 2. espoused
SUBJECT: Safety Principles and Practice I Assignment 2 Table of contents Topic Page number 1 Question 1 3 2 Question 2 4 3 Question 3 5 4 Question 4 6 5 Question 5 7 Question 1 1.1.1 Employee training 1.1.2 Management training 1.1.3 Group meetings 1.1.4 Free flow of information regarding the accidents and incidents 1.1.5 Conducting accident and incident analysis 1.2 The approaches to environmental management in the industry are: 1.2.1 The reactive approach, here the environmental issues and legislation are likely to be perceived as threat to doing good business in the especially in the corporate climate. The company that takes this approach is unlikely to implement ISO 14000 unless there is no other alternative but to comply Companies who follow the reactive approach to environmental management put no economical value on the environmental management which is viewed as an unnecessary cost centre and there are no clear set objectives set. There is also a lack of awareness on the environmental issues and legislation. The compliance with the environmental legislation is reactive up until it is no longer avoidable making the unavoidable environmental problems to be approached with short term financial solutions. 1.2.2 The second approach is the bureaucratic approach which is followed by companies that have learnt that a lack of compliance with legislation can be bad for the business.
Abstract This paper explores how to apply negotiation strategies to address potential conflicts in the workplace. It also determines how evidence-based management could be applied to the work environment you researched. Then, it explains the blocks, stages, and methods of creative decision making to determine the best approach the employer should follow when making managerial decisions. Finally, explores the environmental and strategic factors that affect the organizational design of the company. Discuss how you could apply negotiation strategies to address potential conflicts in the workplace.