The Case of the Sole Remaining Supplier Though we live in a fast-paced ever-changing world today‚ we all still retain in us‚ an image of what an ethical community‚ an ethical society‚ or an ethical business should look like. We are all responsible in all levels of our society to act ethically as individuals and also as a community for the well being of all. “The Case of the Sole Remaining Supplier” exemplifies one of many such cases in business that puts board executives in a risky position
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Building Deep Supplier Relationships Toyota and Honda have been able to establish close cooperative relationships with suppliers by following six individual steps. Toyota and Honda understand how their suppliers work. They turn supplier rivalry into opportunity. The companies supervise their vendors to ensure their specific needs are met. Furthermore‚ they develop their suppliers technical capabilities by investing in the company‚ but making it back exponentially in the long run. Also‚ Toyota
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Hospitality Supplies: Some Things To Consider When Selecting A Hospitality Supplier Regardless if you are managing a hotel‚ a cafe or restaurant or other business which involves hospitality services‚ then you’re most likely aware the way the type of Hospitality Supplies you utilize can impact the way in which your clients view or rate your company. For hotel and restaurant proprietors‚ client satisfaction isn’t just accomplished by supplying the very best services-good food and lodging-but additionally
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has the strongest supplier monitoring program because they periodically evaluate and modify standards based on feedback. Prior to contracting any supplier‚ Wal-Mart required the suppliers to review and sign a supplier agreement‚ which incorporated an expectation that the supplier would comply with Wal-Mart’s “Standards for Suppliers.” Wal-Mart invested in establishing standards for its suppliers and implemented an ethical standards program that helps Wal-Mart monitor its suppliers regarding whether
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ONE ACRE FUND: CASE STUDY The scene is Bungoma‚ Kenya; Moises Postigo is a buyer interested in purchasing fertilizer on a large scale for his not-for-profit organization the One Acre Fund (OAF). OAF’s mission is to provide fertilizer to farmers “who have nothing” on a credit like system and when the farmers produce their crops a percentage of their supplus would be returned to OAF. Eventually the farmers would no longer need a “free hand out” and will be able to support themselves and their families
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As the story of the Sole Remaining Supplier was told to me‚ the Board conversation went pretty much the way the case describes it. Legal was saying‚ "This is a time bomb waiting to happen. Why are we even talking about this?" Engineering was bemoaning the lack of standards for testing the electronics of pacemakers‚ and the majority of the Board understood that they had a problem with no easy solution. One of the people on the Board told me later that the founders of Silicon Valley were the sons
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and other developing countries. While the company can afford to invest millions of dollars in advertising‚ behind the scenes‚ workers who manufacture its products still earn the bare minimum. In the last three years‚ China Labor Watch (CLW) has been monitoring the conditions of PUMA’s suppliers in China. During an investigation on Taiway Sports Ltd.‚ a supplier that “has enjoyed an “A” ranking for years now” according to PUMA’s 2005/2006 Sustainability Report‚ CLW has found deplorable conditions
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There are three potential suppliers available to Platinum to replace the existing machinery; JabaKing‚ the existing supplier‚ who enjoys a very close strategic relationship with Platinum‚ Merakuri – a supplier out of South Korea who offers cutting edge technology‚ and Pnutype – a relatively new supplier in the market who offers preferable financing options‚ service and superior technology. In order to arrive at a decision on choice of supplier (or mix of suppliers) I have taken the approach
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World Business Council for Sustainable Development Case Study 2007 Ledesma Local Supplier Development Program Ledesma’s Local Supplier Development Program aims to strengthen job-creation in and the economic development of the province of Jujuy‚ in Argentina‚ and particularly in the area where its employees live. In doing so‚ the company designed a program in which the growth of local suppliers could also provide benefits for the company. In this way‚ the sustainability of the program
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The role of a fund manager is to stick to a clear mandate and the role of an advisor is to advice clients on suitability of various products‚ at different times‚ for different circumstances‚ for different investors. In this scenario‚ can a mutual fund product also offer an element of advice within the product itself? How can you embed advice into a mutual fund? What are embedded advice products? How do they work and how do they benefit investors? The traditional view in the MF industry - in India
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