QUESTION 1 : Describe what is meant by ‘sustainability’ in business. Business sustainability is defined as managing the triple bottom line - a process by which companies manage their financial‚ social and environmental risks‚ obligations and opportunities. These three impacts are sometimes referred to as profits‚ people and planet. However‚ this approach relies on an accounting based perspective and does not fully capture the time element that is inherent within business sustainability. These businesses
Premium Lean manufacturing Sustainability Toyota Production System
………………………………………………..13 1. Introduction This paper is trying to present and combine the basic elements of Resource-based View that are discussed in three academic articles. A resource based view of the firm” by Wernerfelt‚ “At first‚ makes an effort to integrate important elements of sustainable competitive advantage from the Recourse-based view into a model of four conditions that underlie the sustained competitive
Premium Strategic management Business terms
Diploma Level 7 in Strategic Management and Leadership The London Academy for Higher Education: Extended Diploma in Strategic Management and Leadership Course Manual 2011 / 2012 Contents How to use this Manual About the London Academy for Higher Education About the Extended Diploma in Strategic Management and Leadership Course Module Brief Entrance Requirements Core Units Unit 1: Developing Strategic Management and Leadership Skills Unit 2: Professional Development for Strategic Managers Unit
Premium Management Leadership Strategic management
NEW PERSPECTIVES ON STRATEGIC MANAGEMENT PROCESS Pop Zenovia Cristiana‚ Borza Anca Department of Management‚ Faculty of Economics and Business Administration‚ “Babeş-Bolyai” University of Cluj-Napoca‚ Romania zenovia.pop@econ.ubbcluj.ro anca.borza@econ.ubbcluj.ro Abstract: For developing economies the development of enterprises should be a strategic goal‚ this way of thinking may become viable only as a result of a combination of judicious analysis based on specific local economic aspects
Premium Strategic management Strategic planning
BMA799 Strategic Management Semester 2‚ 2013 THIS UNIT IS OFFERED IN: Hobart & by distance Teaching Team: Dr Dallas Hanson CRICOS Provider Code: 00586B Contact Details Unit Coordinator: Campus: Room Number: Email: Phone: Fax: Consultation Time: Dallas Hanson Hobart 305 Dallas.Hanson@utas.edu.au +61 3 6226 1877 +61 6226 2170 TBC Flexible Education Office Coordinator: Email: Phone: Room Number: Campus: Ms Latha Jeyaraj Flexible.Education@business.utas.edu.au 1800 449 902 (toll
Premium Strategic management Case study Scientific method
ACT – MBA 6203 Brenda Hogan October 23‚ 2012 Article Summary: Strategic Cost Management: The Value Chain Perspective Authors of this article do not believe the concept of “value chain” has been written about enough or clearly enough and therefore attempt to state the importance of the value chain on strategy from a managerial accounting perspective. Michael Porter first wrote about this in 1985. [ (Porter‚ 1985) ] They believe that any organization must understand the entire value chain
Premium Strategic management Michael Porter Value network
discussed strategic? At what level in the organization was the key decision made? The article Tesla Speeds Past Texas Red Tape to Park Its Battery Plant in Nevada from BusinessWeek website shows the main decision determined to build its giant battery factory in Nevada. Of course it’s a strategic decision based on production requirements. Upper-level managers or directors of board probably make the decision. 3. After graduation‚ you are not likely to move directly to a top-level management position
Premium Strategic management Management Strategic planning
Ethics and Strategic Management Paper Yelena Kruzhkova University of Phoenix MGT/498‚ Strategic Management Sheilahmarie Buendia 05/18/2014 Strategic Management “Strategic management is a set of managerial decisions and actions that determines the long-run performance of a corporation. It includes environmental scanning (both external and internal)‚ strategy formulation (strategic or long-range planning)‚ strategy implementation‚ and evaluation
Premium Strategic management Business ethics Ethics
Strategic Management Project: Module 1 You are part of an existing organisation. You may complete the project in your organisation. You are also allowed to choose another company. By using the internet and the library‚ students should be able to track down a great deal of information about their companies. Many libraries now have electronic data search facilities. These enable students to identify any article that has been written in the business press about the company of their choice within
Premium Strategic management
Faculty of Management Multimedia University COURSE OUTLINE TRIMESTER 2‚ ACADEMIC YEAR 2012/2013 STRATEGIC MANAGEMENT BSM3104 INSTRUCTIONSTO THE STUDENTS 1. Please read this Course Outline thoroughly. 2. The instructions and deadline of assignments are stated in detail in this outline and must be strictly observed. Late assignments will NOT be accepted under any circumstances. 3. The Teaching Plan is also included in this Course Outline
Premium Strategic management