Discuss the importance of stakeholder engagement in strategic sustainability management. Choose one from the following stakeholder groups: a. Clients/ customers b. Employees c. Community
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- 3 multiple choice please select a b or c thanks :) A company at "Stage 1" in the adoption of corporate sustainability principles, likely emphasizes the costs involved in adopting sustainable business principles sees the adoption of sustainability principles as a means to avoid risk. has fully integrated sustainability principles throughout the organization. Indra Nooyi, the former CEO of PepsiCo describes how she led an effort to the company being a "better corporate citizen." She advises other companies who wish to adopt a "Performance with Purpose" approach to consider all of the following except: Hire a Chief Sustainability Officer to oversee all aspects of the initiative. Adapt the strategy to accommodate the needs of local markets. Form partnerships and coalitions with NGOs and other companies. The author of the article "Social-Impact Efforts that Create Real Value" argues that effective strategic ESG programs____________. assure all ESG-related issues receive equal…Explain the following: - VRIN Criteria - Value Chain AnalysisCritically evaluate Kaplan and Norton's Balanced Scorecard as a Strategic Management System
- B2. Explain how the Triple Bottom Line Framework (TBL) enables the organization, to attain:Social Sustainability, Economic Sustainability, Environmental Sustainability and the challenges faces in implementing TBL on any chosen industry sectors or companies.The Study of Strategic Management According to Bamford, Hoffman, Hunger, and Wheelen (2018), strategic management is a set of managerial decisions and actions that help determine the long-term performance of an organization. It includes internal and external environment, short term and long-term strategy formulation, strategy implementation, evaluation, and control. Originally called business policy, strategic management has advanced substantially with the concentrated efforts of researchers and practitioners. Today, we recognize both a science and an art to the application of strategic management techniques (Bamford, Hoffman, Hunger, & Wheelen, 2018, p. 37). Now is the perfect time to practice strategic thinking, how can companies emerge from the global health crisis brought by Covid-19. The future is unpredictable, as such, strategic thinking may be more important than ever. The following phases describe the evolution of strategic management: Phase 1: Basic financial planning. During…There are many marketing and operation functional approaches that would impact the potential success or risk of failure and even hazard on strategy-implementation efforts. Discuss the strategic approach of at least one of each key marketing and operation management factor that is central to the determinants of business performance. p/s : this is a question from strategic management subject
- h ow does sustainability align with an organization's long-term strategic goals and objectives?Explain Hhow does sustainability align with an organization's long-term strategic goals and objectives?The contemporary business environment is characterised by increased competition betweensupply chains and alliances, rapidly changing technology and highly demanding customers acrossthe globe.. The projected industry growth promises greater prospects for the Lancewoodbusiness. Examine the potential risk levels posed to Lancewood when expandingtheir business deeper into South Africa and further into Africa, due to thefollowing risk factors:• Theft• Human error The forecasted industry growth might require Lancewood to seek additionalstorage space from public warehouses. Explain the extent such an industrygrowth could affect selection when these factors are taken into consideration:• Geographical location• Available technology.
- 1. What is the relevance of Supply and Demand in Logsitics and Supply Chain Management?1. How we can measure uncertainty in the environment? Define it with the help of relevant grid. Also provide at least one example of an organization for each quadrant of the grid. Mention the examples in the grid below in their respective cells.Micro Environment Micro Element Characteristics (Define the given element by identifying its nature, characteristics, and/or behavior. Provide example to elaborate your answer.) Environmental Factor/s Firm/Company 1 Product 2 Service Distribution 3 Wholesaler Channel 4 Retailer