Business Management - A Johnson Matthey
Section A:
Question 1:
Q1.1 Technological environment impact As Johnson Matthey is primarily in the research and development field of products the technological environment impacts them and visa versa. However if the technological field should change so much as to rule out the internal combustion engine altogether then catalytic converters will be outdated and rendered redundant. In response to this Johnson Matthey has researched and continues to research alternative technologies to further improve on current ideas (Johnson Matthey case study, 3). Economic environmental impact Johnson Matthey’s specialised research in lowering air pollutants in vehicle emissions grants them tax credit in many countries such as the UK because research for environmental benefit is encouraged (Johnson Matthey case study, 2). In the 2008 recession caused a major problem because companies could no longer receive loans. Many companies were forced to become more efficient. Johnson Matthey set targets to lower cost and become more sustainable. This has greatly improved its position beyond what it was in 2008(Johnson Matthey case study, 2). The massive growth of China’s economy has created a major demand in the vehicle industry and therefore a demand for catalytic converters. A small part of Johnson Matthey’s sales are made from the refining and recycling of precious metals. If the price of these metals increase, so will the inputs, however they should fall then so will the amount of inputs (Johnson Matthey case study, 2). Social environmental impact Johnson Matthey has a need of highly educated staff and employs its staff from highly technical areas of science and engineering. To encourage the ease of access to their greatest asset Johnson Matthey has raised awareness to the career prospects to students thinking of studying STEM subjects. (Johnson Matthey case study, 3) Physical environmental impact
Johnson Matthey have made goals to become as sustainable as possible and
Question 1:
Q1.1 Technological environment impact As Johnson Matthey is primarily in the research and development field of products the technological environment impacts them and visa versa. However if the technological field should change so much as to rule out the internal combustion engine altogether then catalytic converters will be outdated and rendered redundant. In response to this Johnson Matthey has researched and continues to research alternative technologies to further improve on current ideas (Johnson Matthey case study, 3). Economic environmental impact Johnson Matthey’s specialised research in lowering air pollutants in vehicle emissions grants them tax credit in many countries such as the UK because research for environmental benefit is encouraged (Johnson Matthey case study, 2). In the 2008 recession caused a major problem because companies could no longer receive loans. Many companies were forced to become more efficient. Johnson Matthey set targets to lower cost and become more sustainable. This has greatly improved its position beyond what it was in 2008(Johnson Matthey case study, 2). The massive growth of China’s economy has created a major demand in the vehicle industry and therefore a demand for catalytic converters. A small part of Johnson Matthey’s sales are made from the refining and recycling of precious metals. If the price of these metals increase, so will the inputs, however they should fall then so will the amount of inputs (Johnson Matthey case study, 2). Social environmental impact Johnson Matthey has a need of highly educated staff and employs its staff from highly technical areas of science and engineering. To encourage the ease of access to their greatest asset Johnson Matthey has raised awareness to the career prospects to students thinking of studying STEM subjects. (Johnson Matthey case study, 3) Physical environmental impact
Johnson Matthey have made goals to become as sustainable as possible and