Contents Executive Summary 1 Introduction 2 Defining Sustainability 2 What Sustainability means to Woolworths 3 Corporate Stakeholders of Woolworths 3 Woolworths Drive for Change 5 Integrated Reporting 6 Why Integrated Reporting? 6 Woolworths Integrated Reporting 7 The Future of Integrated Reporting 7 Conclusion 8 Word Count: 1995 Executive Summary This report examines the new world of sustainability reporting‚ and the complex web of stakeholders. It focuses particularly on the
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No. 1 - Four essential steps in the management by objectives (MBO) process Management by objectives (MBO) is a system whereby managers and employees define goals for every department‚ project‚ and person and use them to monitor subsequent performance. Four major activities make MBO successful. MBO is result oriented. Emphasize the accomplishment rather than input. Encourage the participation at all level of organization that means collaborative‚ shared power and self management. A process consisting
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Introduction Trend towards triple bottom line reporting is undisputed. Especially for many public corporates‚ there is always a separate sustainability reporting when releasing the annual reports. For small and medium businesses‚ there is also information about social and environmental effects in annual reports‚ provided to stakeholders. But there are still many challenges‚ which impede businesses addressing triple bottom line reporting. This essay will briefly discuss the major challenges of triple
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MASTER OF BUSINESS ADMINISTRATION BUSINESS ETHICS AND SUSTAINABILITY BMO5501 BUSINESS ETHICS AND SUSTAINABILITY BMO5501 Assignment 1 Part B: Sustainability Recommendation Report VU Lecturer: Ms Judith Watson Local Tutor: Mr Paul Linus Andrews Prepared by: Chua Yu Kiat (VU ID 4185059) Jullian John (VU ID 4202536) Teoh Xuan Jing (VU ID 4184633) Wong Wing Tien (VU ID 3906101) Assignment 1 Part B: Sustainability Recommendation Report VU Lecturer: Ms Judith Watson
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MANAGEMENT BY OBJECTIVES (MBO) is a practical application of the reasoning behind the notion of goal-setting theory. MBO is a process in which employees participate with management in the setting of goals or objectives. An essential feature of an MBO program is that it involves a one-on-one negotiation session between a supervisor and subordinate in order to set concrete‚ objective goals for the employee’s performance. During the session a deadline is set for the measurement of accomplishment‚ and
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Woolworths adopted in attempting to implement sustainability into their every day-to-day operations and through doing so have resulted in a conclusion with a recommendation for Coolworths. Sustainability will require heavy investment in the short term‚ however with the correct approach‚ attitude‚ and strategy‚ investments into sustainability will pay for themselves in the long run and furthermore allow us a solid foundation for further developments in sustainability; this will also allow for us to produce
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Realistic‚ who? In the play The Tragedy of Romeo and Juliet we see some bad decisions that both Romeo and Juliet take but we are trying to figure about who is the most realistic and and why. Throughout Shakespeare’s The Tragedy of Romeo and Juliet‚ Juliet is characterized as being practical about both the present and the future‚ but selfish in her decisions and choices making her a realistic character to today’s audience. We see that Juliet shows how she acts about the idea of getting married to
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Management by objectives (MBO) Overview The essence of MBO is participative goal setting and choosing one’s course of actions. An important part of the MBO is to measure and compare the employee’s actual performance with the set standards. After defining the organizational objectives as per the yearly business plan set by the top management‚ objectives are cascaded into smaller‚ more specific goals at each level of organization (divisional‚ departmental‚ individual). The manager and his
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As far as sustainability‚ they have been exploring other ways to increase this such as using discarded corn seed (seed that does not pass their quality standards) for fuel to produce steam energy for their Muscatine‚ Illinois plant and this resulted in a significant cost savings each year. In 2014 alone‚ they have saved approximately $1.6 million in energy and disposal costs and have reduced their carbon footprint by reducing their CO2 levels by 17‚000 and SO2 levels by 61 tons. They also continue
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Why are objectives so important and how do we define and refine them? Objectives can be defined as a mission‚ purpose‚ or standard that can be reasonably achieved within the expected timeframe and with the available resources. In general‚ an objective is broader in scope than a goal‚ and may comprise of several different goals. Objectives are the most basic planning tools underlying all planning and strategic activities. They serve as the basis for policy and performance appraisals‚ and act as
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