The Difference Between School Strategic Management Resource Business Essay

The Difference Between School Strategic Management Resource Business Essay The design school is applied by formulating clear and unique strategies in a deliberate process. The design school is also known as process of conception, in this process, the internal situation of the organization of the environment .The planning school; thorough steps are taken from the moment of the analysis of the situation to the actual execution. The positioning school, this is also known as analytical process, this strategy is used by placing the organization within its industry, and looks at how the organization can improve its position with their respective industry. Even though approaches to the design, planning and positioning are different, the design and planning schools are both prescriptive in character, as is the positioning school of thought. In the three schools of thought discussed above, the environment is seen as relatively constant (Volberda Elfring, 2001). Resource based view, is a method of looking at the firm as a bundle of resources in turn of approaching strategy (Powell, 2005).To achieve sustainable competitive advantages ,resource based view evaluates internal resources of the organization and emphasizes resources and capabilities (Madhani, 2009).To enable firms carry out their activities , resources can be considered as inputs .Strategic choices decided by firm while competing in external business environment is determined by internal resources and capabilities (Madhani, 2009) The most significant difference between the perspective school of management and resource based view is that the strategic school of management emphasizes economies of scale and scope such as giving a guide to organization on acquisition, mergers and diversification, budgeting, and analyzing the organizations position within the industry resource based view emphasizing on brand and value creation. While the perspective schools use tools such as Swot analysis, scenario planning and five forces in order to think, program and analyze, resource based view makes an organization to look at their tangible and intangible assets, processes, skills and the leadership aspect of the company .In order to illustrate the significant differences, I would like to compare the differences between the schools of perspective and resource based view. Positioning school enable an organization to identify their position by identifying cost leadership, focus and differentiation,(à Ã‚ rà Ã‚ µnd, 2006 ), while on the other hand RBV gives importance to the leadership level of the organization and views the firm as bunch of resources which is said in the above. However, organization who effectively able to use both of them effectively it would benefit the organization in order to reach their goal and know where they stand, for example they are able to use the SWOT analysis to identify their strength, weakness, opportunities and threats and at the same time use the resource based view to identify what values or brand name in the organization which can be seen as a large asset to the organization. The biggest advantage of resource-based view is that the resource one company holds are hard to be practiced by a competitor. How do these different approaches allow to gain insights into the way successful organizations execute strategy? In order to succeed, companies have to deal with different parts of strategies independently and practice balanced strategies and apply a balanced approach to business system. Many organizations have successfully used these different approaches and executing strategy. I would be using 3 case studies in order to give a better on how this organization uses these different approaches to execute their strategy. Case study #1 Business Management Case Study: How Cisco Applies Companywide Expertise for Integrating Acquired Companies Cisco is a IT company which uses resource based view and the design school. Cisco uses acquisition of other companies to rapidly offer new products, reach new markets, and grow revenue (Cisco, n.d.). Since 1993, the organization have acquired more than 120 companies which consist of small startups to large established firms such as Linksys, Scientific Atlanta, and WebE (Cisco, n.d.). The phases, which is followed by Cisco, clearly illustrates that the organization is effectively using resource-based view and designing school. By using their internal resources such as cross-function teams, common principles, and standard processes, Cisco has developed a formal, repeatable approach to acquisition integration (Cisco, n.d.). The acquisition integration is done by using 3 phases, firstly discovery and planning, where the organization they assess their scope, model their business and integration planning, the second phase, execution, the organization ensure that they are operational readin ess and activate their employee, resources and integration task in order to execute the deal with the acquired company, and the final phase, monitoring, ongoing measurement an adjustment of the integration activity (Cisco, n.d.).As stated by Graeme Wood, Direct of the acquisition integration, in the case study, Cisco centralizes acquisition integration as it is effect and allow them to capture best practices, use their skills and resources more effectively and apply discipline and over sight to the entire acquisition process (Cisco, n.d.). Another statement from Pat Belotti, senior manager of sales acquisition in the case study, integrated Cisco worldwide sales operation, the most important benefit of Ciscos standard integration process that the process help Cisco avoid a purge in revenues, in fact the organization is able to increase their revenues rapidly by applying the organizations resources to assist the acquitted sales department reach their maximum potential (Cisco, n.d.) Case Study #2 Adding value through asset optimization, an Anglo American Case study In this case study Anglo American, a mining company which has a vision of becoming the investment partner and employer of choice in the mining industry, one of its strategy to achieve that ambition is asset optimization and by executing its strategy has been able to achieve on its stated target of saving $1 billion from core operations by 2011 (Anglo American, n.d.). This strategy was executed using the school of planning and resource based view theoretical approaches, in order to achieve their ambition and decided a target of $ 1 Billion from their operations (planning), they decided to optimize their assets. A important feature of development within the asset optimization program was its design, piloting and introduction into Anglo Americans day-to-day business in order for this strategy to be executed a formalized internal process called Operation reviewers, this team was full consist of Anglo Americans internal resources, initially they reviewed their operations, Anglo American c onsistently review their process to make sure that the process is efficient as possible, the operations reviewers apply a structured evaluation process in three functional areas which are operational improvement , technical assessment , safety and sustainable development assessment they combined their central technical capacity with the operational expertise to create a team and focused on delivering value from operational improvement (Anglo American, n.d.). Anglo Americans optimization process sets out a clear view of how operational improvement can be planned for. There are five phases, starting with recognizing an opportunity (investigate numerous ways to lower the mines carbon footprint) followed by the idea stage (found out that a mobile flare design would solve the problem) followed by the initiative stage (a detailed plan were created by technical expert from Anglo American) and finishing with putting an improvement into practice (Anglo American, n.d.). Anglo American has eff ectively used the school of planning and resource based view by effectively planning the asset optimization using their resources and as a result has gained sustainable benefits worth billion of pounds. (Anglo American, n.d.) Case Study #3 Delivering a business strategy, a TNT case study In this case study, TNT, a business to business express delivery service and how the organization is delivering a business strategy using school of positioning and resource based view .In the case study TNT has identified that their organization has a distinctive position and that their market position is based on differentiating itself from rival through their intangible resources (resource based view) (TNT, n.d.), TNT has developed a strategy map that puts the customer on the top at their highest priority of the business (TNT, n.d.). The organization wants everyone involved with the business informed on how the organization will be able to achieve its goals (TNT, n.d.).The TNT case study of Delivering a business strategy shows that Operational Excellence is achieved through a strong foundation of fast, reliable and quality services (TNT, n.d.). From there, by understanding what different customers expect, the organization is able to improve the customer relationship and experience (TNT, n.d.). By building a stronger customer relationship the organization is able to build a higher level of loyalty and commitment. The organization views the innovation process is about identifying the future needs of the organizations customers and by establishing a stronger relationship the business is able to develop a joint approach and shared vision (TNT, n.d.). This strategy map involves quality employees in order to meet their aims and effectively carry out the strategy. In the case study, TNT have stated their mission to surpass customers expectations and experience in the transfer of their goods and documents all around the world and by delivering value to the organizations customers by providing the most reliable and efficient solutions through their delivery networks and seek to lead the industry by instilling pride in their people and at the same time creating value for our stakeholders and be socially responsible around the world (TNT, n.d.). In order to achieve thei r aim TNTs biggest resource is their employees from various departments such as distribution, sales and marketing, finance, customer service and HR. .To ensure employees standards keep on growing, TNT emphasizes on development of employees (TNT, n.d.). By developing the organizations biggest resource, people, the organization ensures that it will have the capability to meet and implement quickly any necessary changes in the organizations strategy (TNT, n.d.).The organization also nurture new employees fresh from the market by offering a in house a five year apprenticeship program for people under 22 years old (TNT, n.d.) .TNT has successfully have used the positioning school and resource based view and successfully have a crafted an effective strategy. Conclusion A competitive advantage gives organization-enhanced capabilities for developing and delivering strategic value. Companies should have several competitive advantages, difficult to copy or duplicate, and sustainable over the long-term (Williams, 2007). The three companies above from the three case studies above has clearly have illustration combining school of taught to achieve their mission and vision.

Johannes Gutenberg and the Invention of the Printing Press Essay

Johannes Gutenberg and the Invention of the Printing Press Between the 13th and 16th centuries we can see the rise of a print-dominated society; a society which moved away from the Church's monopoly of information that existed until that time. There were many social, economic and political changes. It was not because of the printing press that those changes were brought about, but perhaps they could have not happened so fast without the print. Johann Gutenberg managed to bring together technologies known for centuries before him, adding the idea for movable metal type. This led to the mass production of books, being them more available to the general public. The invention of the printing press helped ideas spread quickly making things easier for the reform of the Church and the development of modern sciences. INDEX Introduction ...................................................................... 5 The life of Johannes Gutenberg .............................................. 7 The development of print technology .................................... 8 The invention .................................................................... 9 The printing press and the Church .................................................... 11 Gutenberg's Bible ............................................................. 12 The print and the developing of culture.................................. 13 Final comment ................................................................. 16 Bibliography .................................................................... 17 Introduction "Renaissance" means "rebirth" in French and stands for the cultural, intellectual and economic changes that occu... ...14. (Frank Granger, Gutenberg--The Most Important Man of the Millennium <a href="http://teched.edtl.vt.edu/gcc/HTML/PrintingsPast/GutenbergBible.html">http://teched.edtl.vt.edu/gcc/HTML/PrintingsPast/GutenbergBible.html</a>), downloaded in September 2014. <a href="http://www.gutenbergdigital.de/,">http://www.gutenbergdigital.de/,</a> downloaded in September 2014. http:/www.ideafinder.com/history/inventions/story039, downloaded in September 2014. http:/www.inventors.about.com/library/inventors/blJohannesGutenberg, downloaded in September 2014. http:/www.historyguide.org/intellect/press, downloaded in September 2014. <a href="http://www.amazon.com/exec/obidos/ASIN/1568362730/ref%3Ded%5Foe%5Fh/102-5739894-2995348,">http://www.amazon.com/exec/obidos/ASIN/1568362730/ref%3Ded%5Foe%5Fh/102-5739894-2995348,</a> downloaded in October 2014.

Benazir Bhutto’s Personal Life Essay

She was born at Pinto Hospital in Karachi, on 21 June 1953. She was the eldest child of former prime minister Zulfikar Ali Bhutto, a Pakistani of Sindhi descent. Her paternal grandfather was Sir Shah Nawaz Bhutto. Bhutto was raised to speak both English and Urdu. English was her first language, while she was fluent in Urdu. Despite her family being Sindhi speakers, her Sindhi skills were almost non-existent. She was a bright student and a well mannered Lady of fine content. She served her life for Pakistan. She was Kind hearted and goal oriented person . On 18 December 1987, she married Asif Ali Zardari in Karachi. The couple had three children: two daughters, Bakhtawar and Asifa, and a son, Bilawal. When she gave birth to Bakhtawar in 1990, she became the first modern head of government to give birth while in office. Education: She attended the Lady Jennings Nursery School and Convent of Jesus and Mary in Karachi. After two years at the Rawalpindi Presentation Convent, she was sent to the Jesus and Mary Convent at Murree. She passed her O-level examinations at the age of 15.She then went on to complete her A-Levels at the Karachi Grammar School. After completing her early education in Pakistan, she pursued her higher education in the States. From Harvard University , she obtained a Bachelor of Arts degree. In June 2006, she received an Honorary LL.D degree from the University of Toronto .The next phase of her education took place in the United Kingdom. Bhutto’s father arrested: She returned to Pakistan where her father, Zulfikar Ali Bhutto, had been elected prime minister, but days after her arrival, the military seized power and her father was imprisoned. In 1979 he was hanged by the military government of General Zia Ul Haq. Bhutto herself was also arrested many times, and was detained for three years before being permitted to leave the country in 1984. She settled in London, but along with her two brothers, she founded an underground organization to resist the military dictatorship. When her brother died in 1985, she returned to Pakistan for his burial, and was again arrested for participating in anti-government rallies. She returned to London after her release, and martial law was lifted in Pakistan at the end of the year. Anti-Zia demonstrations resumed and Benazir Bhutto returned to Pakistan in April 1986. The public response to her return was tumultuous, and she publicly called for the resignation of Zia Ul Haq, whose government had executed her father. Prime Minister: She was elected co-chairwoman of the Pakistan People’s Party (PPP) along with her mother, and when free elections were finally held in 1988, she herself became Prime Minister. At 35, she was one of the youngest chief executives in the world, and the first woman to serve as prime minister in an Islamic country. she brought electricity to the countryside and built schools all over the country. She made hunger, housing and health care her top priorities, and looked forward to continuing to modernize Pakistan. Policies for women: During election campaigns the Bhutto government voiced its concern for women’s social and health issues, including the issue of discrimination against women. Bhutto announced plans to establish women’s police stations, courts, and women’s development banks. Charges of Corruption: The French, Polish, Spanish and Swiss governments provided documentary evidence to the Pakistan government of alleged corruption by Bhutto and her husband. Bhutto and her husband faced a number of legal proceedings, including a charge of laundering money through Swiss banks. Her husband, Asif Ali Zardari, spent eight years in prison on similar corruption charges and once again, she was forced to leave her homeland. For nine years, she and her children lived in exile in London, where she continued to advocate the restoration of democracy in Pakistan. Asif Ali Zardari was released from prison in 2004 and rejoined his family in London In the autumn of 2007, in the face of death threats from radical Islamists, and the hostility of the government, Benazir Bhutto and her husband returned to their native country. Benazir Bhutto Murdered: Although she was greeted by enthusiastic crowds, within hours of her arrival, her motorcade was attacked after a campaign rally in Rawalpindi,by a gunman who fired at her car before detonating a bomb, killing himself and more than 20 bystanders. Bhutto was rushed to the hospital, but soon succumbed to injuries suffered in the attack. In the wake of her death, rioting erupted throughout the country. The loss of the country’s most popular democratic leader plunged Pakistan into turmoil, intensifying the dangerous instability of a nuclear-armed nation in a highly volatile region. Political Testament: In her political testament, Benazir Bhutto identified her son, Bilawal Bhutto Zardari, as her choice to succeed her as Chairman of the PPP. At the time of her death, Bialawal was only 19, still an undergraduate at Oxford. The party leadership agreed that his father, Asif Ali Zardari, would serve as acting chairman of the party until Bilawal completes his studies in England. Meanwhile, the PPP entered into a broad coalition, including the party of Bhutto’s former rival Nawaz Al-Sharif, and scored an overhelming victory in the 2008 election. A member of the PPP, Yousaf Raza Gillani, was chosen to serve as Prime Minister. Later that year, President Musharraf resigned, and Asif Ali Zardari was elected President of Pakistan. Although Benazir Bhutto did not live to see these developments, the party she led and the causes she championed are in the ascendant, and her spirit pervades the political life of contemporary Pakistan. May Her Soul Rest In Peace,Amen

Crowd Individuality Essay - 1666 Words

It is human nature to acclimate to one’s surroundings, but this instinct has created non-individualized activities amongst the public, leaving the non-thought provoking state of mind of society (Orwell). The naive stay happy, tradition brings normality, and a lack of self-expression leaves the mind at ease, for there is no one to reject it. Crowd mentality has driven society since the Stone Age, and throughout the course of history writers have recorded such mentalities and behaviors loving and/or criticizing it. George Orwell is not the only author to critique society’s forced state of being; many others have an apparent disapproval and criticism for society in their writings as well. Each one reflects a different time in history and the†¦show more content†¦There is quite blatantly a mental disconnection of a whole town and is far as to have one is even insulted for questioning it. Mark Twain is society’s biggest critique as his whole book Adventures o f Huckleberry Finn is his disapproval of it. In one the many adventures, he stumbles across the Grangerford’s and the Sheperdson’s feud, and he exposes their ignorance when Huck asked Buck why there was a feud. Buck responds with â€Å"I reckon maybe – I don’t know† (Twain 168) and eventually Huck witnesses the consequences of choosing to accept traditions without question and it ends in many pointless deaths. One can see that the trend in blind tradition can end in unfortunate consequences. Huck’s young friend was willing to die for an aimless cause. When a little boy is embedded with a mentality to fight till death since he was born, something is morally wrong with the social norms of their society. Another ordeal in the family feud in Huckleberry Finn was that if one chose to befriend a Sheperdson, they would be out casted from the family and heavily ridiculed as if they committed a form of betrayal. For example, when Miss Sophia plotted to run away with a Sheperdson, one could only imagine what would have happened to her if they hadShow MoreRelated Emerson and Thoreau791 Words   |  4 Pagesdeep connection to the divine. As the two most prominent figures in the transcendentalist movement, Ralph Waldo Emerson and Henry David Thoreau whole-heartedly embraced these principles. In their essays â€Å"Self-Reliance† and â€Å"Civil Disobedience†, Emerson and Thoreau, respectively, argue for individuality and personal expression in different manners. In â€Å"Self-Reliance†, Emerson calls for individuals to speak their minds and resist societal conformity, while in â€Å"Civil Disobedience† Thoreau urged AmericansRead MoreRalph Waldo Emerson’S Unifying Theme Throughout His Essay,998 Words   |  4 PagesRalph Waldo Emerson’s unifying theme throughout his essay, â€Å"Self Reliance†, emphasises the idea that you should trust and value your individuality rather than conf orm to others way of life. Emerson supports this claim with the statement â€Å"Nothing can bring you peace but yourself. Nothing can bring you peace but the triumph of a principal.† Self-reliance is the triumph of a principal. Society as a whole is anything but self-reliant, we are followers rather than creators and original thinkers. OnceRead MoreIndividuality Vs Conformity Essay1605 Words   |  7 Pagesbetter, for worse, as his portion.† As human beings, we always encounter the critical decision in our daily lives of whether to pursue individuality or conformity in various situations. Although I believe that individuality is certainly more powerful than conformity, I noticed that many ignore the necessity of harmony between individualism and conformity. If individuality is absolutely more powerful to the point that we should never accept conformity, then should we avoid conforming to the laws of ourRead MoreEssay on Culture1216 Words   |  5 Pagesformulate an e ssay entirely on cultures meaning would be extremely difficult due to its meaning being so vast and indescribable and would therefore not lead to any relevant conclusion. Culture has a paradigmatic complexity and it’s this that makes it so hard to analyse effectively. However, if you were to place a leading phrase in front of the word â€Å"culture† , a word that defines its disciplines, it becomes more identifiable; pop culture, oral culture and print culture. Throughout this essay I will beRead MoreThe Age Of Reason Or Known As The Enlightenment1189 Words   |  5 PagesMills new found wisdom and recovery prompted his to write, â€Å" On Liberty.† â€Å" On Liberty† is one of two essays that illustrates or represents Mill’s perspective on individualism. Mill’s essay is a, â€Å"... commonplace to defend individualism( Robin Haack 1).† One of Mill’s primary, â€Å" concerns was to prevent the subjection of individuals in a Democracy ( Mill 1087).† He essentially explains this in his essay by describing exactly what liberty is. It focused on the state of being. For example, when Mill statesRead MoreEssay about A Summary of Introduction to the New Edition in Stuart Ewen776 Words   |  4 Pagesthe ubiquitous advertising, marketing strategies, people started to question whether the images they see is reality, thus disclose the power of image and its effect on the culture of people. To discuss the issue, the author uses pieces of students’ essay as example to further explain the history and images of culture. Ewen starts to explain the different impact of style on individuals. He begins with the idea that somehow style has always been related to one’s wealth and social status, as seen inRead MoreShooting An Elephant By George Orwell1670 Words   |  7 PagesOrwell faced a similar dilemma. â€Å"Shooting an Elephant† is an essay that depicts Orwell’s conflictions about shooting a rampaging elephant while he served as an Imperial policeman in Burma during British colonial rule. In his essay, Orwell describes the difficult decision of whether or not to shoot the elephant and why he made his decision. Although he did not initially want to shoot the elephant, the social pressure of being surrounded by a crowd of Burmese natives encouraging him and his role as an ImperialRead MoreAnalysis of Joel L. Swerdlow’s 2001 Essay, â€Å"Changing America738 Words   |  3 PagesIn Joel L. Swerdlow’s 2001 essay, â€Å"Changing America,† he writes about the cur rent cultural differences among kids in high school. He goes on to talk about how you can gather a large variety of kids, coming from all over the world, yet they still somehow manage to develop the same â€Å"American Teenager† attitude toward life. The essay talks about how people used to view America as a â€Å"melting pot† of nations, and how over time that view is starting to change. America was founded on change. Past revolutionsRead MoreKierkegaard s An Age Of Dispassionate Reflection954 Words   |  4 PagesSoren Kierkegaard, in his essay, the Present Age, writes about two ages—the passionate age and the present age: an age of dispassionate reflection. Kierkegaard believes the present age to be centered on reflection (deliberation, representation, anticipation), which substitutes for decisive action. The present age, according to Kierkegaard is â€Å"characterized by an ‘unhappy objectivity,’ in which the individual has become ‘leveled down’ and loses himself as part of a crowd. â€Å" One aspect of this unhappyRead MoreEmerson Thoreau and Individualism in Society Essay1370 Words   |  6 PagesDavid Thoreau is his student, who was also a great essayist and critics. Both men extensively studied and embraced nature, and both men encouraged and practiced individualism and nonconformity. In Ralph Waldo Emersons essay Self Rel iance and Henry David Thoreaus book Walden and essay Resistance to Civil Government (Civil Disobedience), both thinkers speak about being individual and what reforms and changes need to be made in society. Thoreau stayed with Emerson for a while and was affected by

History of Canopy Beds

A  popular email hoax  has spread all sorts of misinformation about the Middle Ages and The Bad Old Days. Here we look at the use of canopy beds. From the Hoax There was nothing to stop things from falling into the house. This posed a real problem in the bedroom where bugs and other droppings could really mess up your nice clean bed. Hence, a bed with big posts and a sheet hung over the top afforded some protection. Thats how canopy beds came into existence. The Facts In most castles and manor houses and in some town dwellings, materials such as wood, clay tiles, and stone were used for roofing. All served even better than thatch to stop things from falling into the house. Poor peasant folk, who were the most likely to suffer the annoyances brought about by an ill-kept thatch roof, commonly slept on straw pallets on the floor or in a loft.1 They did not have canopy beds to keep out falling dead wasps and rat droppings. Wealthier people didnt need canopies to keep out things that dropped from the roof, yet wealthy people such as noble lords and ladies or prosperous burghers did have beds with canopies and curtains. Why? Because the canopy beds used in medieval England and Europe have their origins in an entirely different domestic situation. In the earliest days of the European castle, the lord and his family slept in the great hall, along with all their servants. The noble familys sleeping area was usually at one end of the hall and was separated from the rest by simple curtains.2 In time, castle builders constructed separate chambers for the nobility, but though lords and ladies had their bed(s) to themselves, attendants might share the room for convenience and security. For the sake of warmth as well as privacy, the lords bed was curtained, and his attendants slept on simple pallets on the floor, on trundle beds, or on benches. A knight or ladys bed was large and wood-framed, and its springs were interlaced ropes or leather strips upon which a feather mattress would rest. It had sheets, fur coverlets, quilts, and pillows, and it could be fairly easily dismantled and transported to other castles when the lord made a tour of his holdings.​3 Originally, curtains were hung from the ceiling, but as the bed evolved, a frame was added to support a canopy, or tester, from which the curtains hung.4 Similar beds were welcome additions to townhomes, which werent necessarily warmer than castles. And, as in matters of manners and dress, prosperous town-folk emulated the nobility in the style of furnishings used in their homes. Sources 1. Gies, Frances Gies, Joseph, Life in a Medieval Village (HarperPerennial, 1991), p. 93. 2. Gies, Frances Gies, Joseph, Life in a Medieval Castle (HarperPerennial, 1974), p. 67. 3. Ibid, p. 68. 4. bed  Encyclopà ¦dia Britannica [Accessed April 16, 2002; verified June 26, 2015].

Importance Of Organizational Culture At Maheen Waqas

†¢ Importance of organizational culture: By: Maheen Waqas So far we have discussed the meaning, characteristics, types, liabilities and sustaining the organizational culture with in the company’s structure. The most crucial part is the importance .i.e. why do we need to develop such cultures and how far it affects the company and industries in reality? We will discuss the importance of organizational culture by jotting down various points. We have come to know that various companies adopt different cultures, since each industry has its own culture so the affects also vary widely. We see that employees spend 40 working hours on their jobs in a week so it has great impact on their life both personal and working. The†¦show more content†¦It helps the employees acquire and adopt by practicing different moral principles, way of dealing with colleagues, way of dressing up, motivational forces, values and principles. Following are the values and c haracteristics discussed in detail. 1. Unity: The employees of different demographics remain united when they share a similar organizational culture. We see that when working at a place all the employees belong to different background, come from different families, possess different traditions and have various beliefs and cultures. When sharing an organizational culture at the work place, it gives the employees a feeling and sense of unity. They understand each other in a better way, it promotes better communication and fewer conflicts arise. Thus the people remain united besides different backgrounds and different cultural beliefs and values. Employees no more get neglected and everyone is treated equally and fairly. 2. Loyalty: The organizational culture helps to keep their workers motivated and engaged in different working tasks. This keeps the employees loyal and sincere to their companies. When the workers consider themselves an important part of the company and consider their work crucial then they feel loyal and sincere towards their company and they feel urged to contribute their role in the company’s success. The sense of accomplishment further motivates them to play a role in organization success. 3. Competition: One of the most important

Concept Triple Bottom Line-Free-Samples-Myassignmenthlep.com

Questions: 1.Analyse an origin Australias current position and design a sustainability strategy based on a business case for the Identification and Implementation of sustainability imperatives that an Organisation should undertake for Competitive advantage. 2.Define and explain the Principles of Sustainability in a global Business Environment and Discuss Issues of future sustainability in the Corporate Environment 3.Identify and Compare Market and regulatory issues relevant to sustainability at the global and local level including voluntary reporting such as the triple bottom line. 4.Critically evaluate the increased requirements for mandatory reporting, and the benefits of voluntary reporting, as well as the guidelines available and the risks associated with external reporting. Answers: 1.Introduction According to the traditional business model adopted by companies the focus was mostly on the growth and development of the company regardless of the consequences the strategies may have on the society and the environment. With globalization and the changed dynamics of the business environment all over the world corporate look in to the business model of the company from a different perspective. The recognition of the responsibility the corporate have towards the society or the environment has changed the way the business operated in the past. The growth and development strategies of the corporate houses are now based on the requirements of the current situation without hampering the capability of the future to meet their requirement at that point of time. Sustainability has three pillars: environmental economic and social (Milne Gray, 2013). Origin The company is regarded as the leading power supplier of Australia, New Zealand and the Pacific. The company is popular among the B2B as well as B2C clientele based on the efficiency and services. Origin has a rich heritage in the energy industry owing to the time the company has been serving in the industry, the company engages in energy exploration, retailing, production and power generation. Operating in a heavy industry enables the company to grown in the process of changing dynamics of the industry without hindrance (Home page, 2017). Company background The company can be deemed as a contemporary organisation as it was formed in the new millennium. Headquartered in Sydney as well as in New South Wales the company boasts a heritage of goodwill and good reputation among the stakeholder of the company as well as in the industry. Origin is the largest energy retailer in Australia and serves approximately 4.217 million customers; the consumers of the company are starting from domestic usage to small business units to large energy consumption units. The company also leads in the sector of supplying low carbon based products in Australia. Origin also has around 160,000 shareholders (Home page, 2017). Mission and vision The mission and vision of the company is to change and re-shape the entire energy supply chain. Objective The objectives of the company are: To keep up with the dynamic demand of the energy industry To build a sustainable future To encourage innovation in order to deal with the changes To deal with the changes in the climate and environment with innovation and strategy (Savitz, 2013). Current position Since inception of the company, it has been focused on changing the ways in which the energy supply chain works, the current position of the company is that it is leading in the energy supply industry in Australia. The company focuses on two businesses and develops strategies based on these: emery market leadership, natural gas and LNG production (Home page, 2017). In order to develop the business and grow in the industry of operation the company is currently concentrating on three priorities: Improving returns and growing renewable, Improving competitiveness and delivering growth in natural gas as well as LNG and management and funding of the capital (Savitz, 2013) Concept Triple bottom line The concept of triple bottom line was developed by John Elkington in 1994; according to Elkington companies should not have a single point of focus while strategizing for the growth and development of the company. He said that companies should keep their resource concentrated on three aspects rather than one (Glac, 2015). These three aspects are described as 3Ps: Planet, people and price. He says that for an organization environment and society are equally important. As the operations of the organisation are influenced and revolves around these aspects. The idea of triple bottom line contemporary and sets a juxtaposing idea with the traditional business model that companies used to follow previously. The traditional concept just concentrated on the development of the business from an economic perspective as mentioned above, environment and societal responsibilities were recognized as a burden on the company speculated as liability as the company had to invest in these aspects which e roded the profit. The goal and objectives of the corporate units focused around the economic and financial growth of the business (Glac, 2015). For example: organizations that operated in the energy sector did not concentrate innovation and research on developing alternatives as the non-renewable resources are limited. The process of sustainability begins with the thought of the future generation and previously that was absent. Corporate houses always tend to calculate the process of investment on the return that would offer to the growth and development of the company. Sustainable project are mostly based on intensive research investment as well as the installation process also requires capital hence the companies are apprehensive of the investment as it does not assure positive return on investment (Milne Gray, 2013). This concept urges corporate houses to take responsibility of the resources they have received from the society and the environment to grow and develop their busine ss. When one enjoys liberty and freedom of operation it is also the duty of the company to comply with the duties and responsibilities that come with the freedom (Henriques Richardson, 2013). Companies are supposed to understand the positive or negative impact they pose to the society and the environment and strategize accordingly to combat in case of any negative impact. For example: Energy industry has a large impact on the environment as a lot of drilling and mining causes a number of environmental issues which should be recognized by the companies in this industry and should work towards combating these problems. 2.Corporate Sustainability The concept of corporate sustainability is supported with four pillars, corporate social responsibility (CSR), stakeholder theory accountability and sustainable development. This is a contemporary concept in the management system. It is an alternative to the traditional profit making objective of the corporate. This concept recognizes that fact that it is significant for a company to initiate corporate growth in order to channelize the profit in resources for the future of the company. At the same time it also recognizes the responsibility the companies have towards the development in a sustainable manner (Benn, Dunphy Griffiths, 2014). Sustainable business is referred the development and creation of conservation and preservation approach of the environment, development of societal equity, promotion of the well-being of the people associated with the organization and support fair trade practice. Corporate sustainability ensures a process of strategic planning and coordination of the business operation with the social and environmental requirements in order to act responsibly and ethically (Ferrell, Hirt Ferrell, 2016). Innovation is as a significant approach towards the development of a sustainable business model. Innovation in terms of technology, policies, and decisions can help the company ensure that the principles of sustainability are met as per the guidelines that are stated below. Organisation must follow an adaptive path of operation in order to embrace and incorporate any new idea and innovation (Halpern et al. 2013). Principles of sustainability in a global business environment Business environment can be internal and external where the company has control over the internal environment; the dynamic of the external business environment is not under the control of a company. United Nations has ten principles of corporate sustainability; it states that sustainability is the direct impact of the values and principles that are followed by an organisation. There are four areas stated by the UN which has to be considered by a company in order to follow sustainable development: anti-corruption, human rights, labor and environment. By including the Principles stated by the UN Global Compact into the strategies, policies and procedures of the business the company will be establishing a culture of integrity. Corporate houses will not only uphold their basic responsibilities to the people and environment, but also prepare the organisation for future prospects (The Ten Principles of the UN Global Compact, 2017). The ten principles are: Corporate houses should uphold and respect internationally proclaimed human rights and incorporate the same in the business operation Abuse of human rights should be considered as a serious offence and should be dealt with severity The freedom of association and the effective acknowledgment of the right to collective bargaining should be implemented by the companies The companies should not indulge in any kind of forced or compulsory labor The company should encourage and work towards abolition of child labor There should be no biased form of employment and occupation development in the organisation Precaution should be maintained by business organizations which deal with the environment depletion The companies should support and promote environmental responsibility Investment and research should be encouraged by organizations regarding sustainable innovation and development Extortion and bribery are major forms of corruption which is ethically as well as financially harmful for any organisation and it should be avoided at every point of operation (The Ten Principles of the UN Global Compact, 2017) Sustainability strategy of Origin The company issues the sustainability report on an annual basis on the official website. Origin focuses on several aspects when it comes to sustainability like: health safety and environment, people and culture, land access and coexistence, communities, customers, water, waste, process safety, policy, communities and supply chain. The company is firstly shutting down the only coal-firing power station as a step towards curbing the carbon emission. This station is said to be shut down by the early period of 2030. The company is focused on changing the way the energy sector perceives the carbon emission issue. Carbon emission is regarded as one of the severe concerns of global climate change. The company engages in materiality analysis in order to understand the impact of strategies. Some of the aspects that are considered while assessing are: the level of risk, the level of stakeholder involvement and topicality of the factors (Origin Sustainability Report 2017, 2017). Issues of future sustainability According to the World Council for Economic Development (WCED), sustainable development is the procedure incorporated by the organizations which ensures that the company will collect the requirements and resources based on the current position of business without negotiating the requirements of future generation. Some of the issues in future sustainability are: The position of the economy on a global scale is fragile and coupled with the changing dynamics can pose a threat to the idea of sustainable development in developed countries as well Allocating jobs to the labor force that is available is a real challenge and an issue with the concept of sustainable development Policies of the government all over the world can also be an issue with imposing the strategies that are ideated by the organisation Lack of knowledge of the emerging threats regarding the environment or the society may pose a threat towards the future of the sustainable development model. The unanticipated accelerated growth and impact of the issues that were persisting in the past can pose a threat and can be a major issue in the steps taken by an organisation towards sustainable development (Miller et al., 2014). 3.Identification and comparison of market and regulatory issues regarding sustainability Depending on the scale of operation of the business the sustainability measures are taken by an organisation. If the organisation is operating on a global platform the scale of policies and decisions regarding sustainability will also increase. Hence, finance is the main issue when sustainability is concerned (Herbohn, Walker Loo, 2014). Another major issue apart from finance is the scarcity of other resources in the organisation. Based on the industry of operation and on the nature of the business the resources can be allocated. Shift of focus from environment and climate has been identified in recent observation, economic and financial crisis gaining precedence (Idowu, Zu Gupta, 2013). Organizations on a large scale are yet to consider natural calamities and naturally occurring environmental depletion as major issues and they have to be dealt with similar intensity as with man-made issues. Constantly growing population as well as increased amount of consumption can also be considered as an issue of a global scale in sustainable development (Lozano, 2015). Regulatory issues relevant to sustainability at the global and local level Ethics and principles followed by an organisation is more than just doing what is right and avoiding what is wrong. Many times the concept of right and wrong become subjective and this is where a guideline, principle or a regulatory authority becomes significant. Based on the home country or the country of operation law and principles are set by the government for organizations to follow in terms of adopting sustainability and ethical growth (Herbohn, Walker Loo, 2014). Globally and Locally United Nations monitor all the countries that are a part of the UN in terms of following the principles laid down by the organization. The issues with these principles are that they are not specific and are also not based on the industry, scale or nature of the business. These regulations are general guideline of ethics (Lozano, 2015). Every company must have a code of ethics of their own based on the values and principle of the organisation and the need and requirement of the society and the environment the organisation caters to. Environmental law on a global platform should be implemented by every country to keep a check on the environmental depletion caused by corporate organizations. In most of the country there are laws but there is an issue with the enforcement and that needs to be checked by the government (Godha Jain, 2015). 3.Critically evaluate the increased requirements for mandatory reporting To analyze the impact of a company on the environment and the society, sustainability reporting has been regarded as one of the best ways. It shows the position of the company with respect to the competitors in the market in terms of sustainability. By adopting this process the company can be more transparent in their operation as well as gain confidence form the stakeholder. But the question here is should this process be made mandatory by laws and regulations. As CSR is a process that is based on the values and principles of the company it is important to have clarity in the process of implementation by the company the legal aspect will make the process unnecessary complicated. On the other hand, there are institutions that need an external force to recognize the responsibility. A check is required for such companies, though in todays business environment every organisation small or big realizes the importance of sustainability which makes voluntary reporting mandatory (Ioannou Se rafseim, 2017). GRI or global reporting initiative is an independent body that operated globally to provide helps governments and businesses organizations. The enterprise helps organizations to understand and communicate the influence of business on sustainability issues based on the environment and society. GRI is regarded as one of the pioneer institutions to encourage and support the concept to sustainability reporting. There are also other independent bodies which help the corporate sector to develop sustainably (Godha Jain, 2015). Benefits of voluntary reporting Creating a reliable position: The goodwill and the reputation of the company can be built with the help of voluntarily by supplying the reports as it shows the transparency of the company among the relevant stakeholders. Increases transparency: As the report that has been published by the company is voluntary the chances of fabricating any information in the process is low. This increases the accountability of the company in the perspective of the stakeholders as well. Value added to the vision and strategies: the voluntary report will further add value to th mission and vision of the company which is based on the principles on which the company operates. Support and assurance form the stakeholders: the companies stakeholders are assured of the intention of the company when the organisation published a document or a report without any pressure or compulsion from an external bod Conclusion Some of the industries that have regularly received criticism globally because of the impact they have on the environment and the society are the oil and gas industry, energy industry, mining industry etc. With the changing dynamics of the business environment the corporate sector have adapted to the concept of sustainability to a great extent. Origin is a company that is contemporary in its approach towards sustainability. The company approaches several aspects in the sustainable development process and issues a voluntary repot on an annual basis which is easily available on their official website. In this report the company clearly states the objectives of the approach. It analyses each and every aspect in an descriptive manner so that it is easily understandable by the reader. Origin has the mission of changing the perspective of the energy sector by pioneering in some of the measures. Reference list Benn, S., Dunphy, D., Griffiths, A. (2014).Organizational change for corporate sustainability. Routledge. Ferrell,O.C. Hirt G.A., Ferrell. L. (2016).Business: achangingworld(10th ed.) New York: McGraw-Hill Irwin. Glac, K. (2015). Triple Bottom Line.Wiley Encyclopedia of Management. Godha, A., Jain, P. (2015). Sustainability reporting trend in indian companies as per GRI framework: a comparative study.South Asian Journal of Business and Management Cases,4(1), 62-73. Halpern, B. S., Klein, C. J., Brown, C. J., Beger, M., Grantham, H. S., Mangubhai, S., ...Possingham, H. P. (2013). Achieving the triple bottom line in the face of inherent trade-offs among social equity, economic return, and conservation.Proceedings of the National Academy of Sciences,110(15), 6229-6234. Henriques, A., Richardson, J. (Eds.). (2013).The triple bottom line: Does it all add up. Routledge. Herbohn, K., Walker, J., Loo, H. Y. M. (2014). Corporate social responsibility: the link between sustainability disclosure and sustainability performance.Abacus,50(4), 422-459. Home page. (2017).originenergy.com.au. Retrieved 30 November 2017, from https://www.originenergy.com.au/about.html Idowu, S. O., Zu, L., Gupta, A. D. (2013).Encyclopedia of corporate social responsibility(Vol. 21). N. Capaldi (Ed.). New York: Springer. Ioannou, I., Serafeim, G. (2017). The consequences of mandatory corporate sustainability reporting. Lozano, R. (2015). A holistic perspective on corporate sustainability drivers.Corporate Social Responsibility and Environmental Management,22(1), 32-44. Miller, T. R., Wiek, A., Sarewitz, D., Robinson, J., Olsson, L., Kriebel, D., Loorbach, D. (2014). The future of sustainability science: a solutions-oriented research agenda.Sustainability science,9(2), 239-246. Milne, M. J., Gray, R. (2013).W (h) ither ecology?The triple bottom line, the global reporting initiative, and corporate sustainability reporting.Journal of business ethics,118(1), 13-29. Origin Sustainability Report 2017. (2017). Retrieved from https://www.originenergy.com.au/about/sustainability.html Savitz, A. (2013).The triple bottom line: how today's best-run companies are achieving economic, social and environmental success-and how you can too. John Wiley Sons. The Ten Principles of the UN Global Compact. (2017).unglobalcompact.org. Retrieved 30 November 2017, from https://www.unglobalcompact.org/what-is-gc/mission/principles