The current tendency advocates that we have entered the new stage of corporate responsibility. But still there are challenging evidences whilst companies are struggling to reinforce the sustainability and develop progressive CSR plan as for own business interest as well for the recipient stakeholders benefit. The following report measures the steadiness of the companies in Extractive and ICT sectors. The article highlights the negative effects of these two industries whilst conducting the...
In the business, the term strategy signifies an integrated pattern of decisions made and subsequent actions taken to reach specified goals. Furthermore strategies are usually described at three levels- corporate, business and functional. Strategy is about survival, growth and profits in a competitive environment. It is neither a manual nor a rulebook. Strategy is for effective managing of activities towards company’s vision. Its basic purpose is to win in the...
Many organizations use a variety of communication techniques. At Redland Roof Tiles UK, the company produces a monthly newsletter called the Circular. It is used to introduce or reinforce concepts of TQM and continuous improvement. The tone is friendly and informal with cartoons and anecdotes (Whitford and Bird, 1996). Other companies use advance means of communication as in the case of the Philips Electronics the Chief Executive Officer answers the various questions about TQM that he gets from...
SPNL is a leader of the pack as far as private companies in Nepal are concerned. SPNL enjoys monopoly over the tobacco market in Nepal due its variety of products satisfying needs at all income levels. In records SPNL's share out of the total 0.7 million kgs of tobacco produced in Nepal annually is an extra-ordinary 0.6 million kgs. Due to which it is easily the highest employment providing company in this line of business. SPNL expanded its line of business to garment production with leased...
Ryanair started its operation in 1985. In the first year more than 5,000 passengers traveled between South Eastern Ireland and London. The company expanded continuously and by 1989 the company had 14 aircrafts over 600,000 passengers traveled per year. Over the four years the costs increased considerably and ends up with lpss of £20 million In 1990 the current CEO Mr.Michael O'Leary took over the management and conducted major changes in the company. Ryanair followed the the low cost-low...
Aldi is a well established German company and is famous for offering high quality products for low costs. Aldi entered the Australian market in 2001 and by 2004 it has achieved around 2.5% market share. This report includes a PESTLE and Porter's five forces analysis which identifies the opportunities and threats available within the Macro-environment in Australia and the grocery industry. Even though the opportunities and threats are balanced to a certain extent, the industry analysis has...
Introduction of the Findings The leadership theory by Max Weber defines a charismatic leader to be a transformational leader. He defines a transformational leader is someone who can sway the results in his favor by effective use of charisma & charm (Leadership Theories, 2007). In the similar vein, another theory by George Burns, describes how clarity of vision and ability to transform society by appropriate use of personal charm makes up the transformational leader (Leadership...
Human Resources are lifeblood of any organisation that possesses unlimited potential. Those potential which are required to meet organisation strategic needs and business goals need to be identified, nurtured and bring to the surface so that it can be leveraged for organisation's objective. An organisation adopts two approaches for this purpose: Training program and development program although they are classified differently but both concern with learning and performance Training: Short term...
In recent years, the area of supply chain management has become very popular. This is evidenced by marked increases in practitioner and academic publications, conferences, professional development programs and university courses in the area. While interest in SCM is immense, it is clear that much of the knowledge about SCM resides in narrow functional silos such as purchasing, logistics, IT and marketing. Recently, the Council of SCM Professionals (CSCMP), which is the premier organization of...
They are two different but popular and powerful tools for improving quality. Motorola provided the basis for Six Sigma which aims to reduce the variation in processes. On the other hand, Toyota Motor Corporation created lean thinking with an objective of eliminating waste (non value adding activity). However, rather than being contradictory, these two concepts are complementary. As George (2002) stated, it does not matter how you start, if an organisation wants to achieve high quality and...