****Please send me Ideas of different product “small appliances” in mind before writing the actual paper, something innovative It can be kitchen, bathroom mostly home gadget that can make people life easy but can also change the planet
*** I MOST APROVE THE PRODUCT BEFORE WRITING THE PAPER
High Stakes Assignment B
As the recent two conferences, www.g20.org and https://ukcop26.org/ have shown, sustainability is gaining a big part of the future thinking of people, countries, and governments, including businesses. However, sustainability means different things to different people, regions and continents, due to there being no global standard on the definition of the word. It is mentioned in different names, and terms based on the region.
There are three focus areas, based on the Triple Bottom Line, which refers to companies balancing their long-term economic, social, and environmental performance. However, companies have many challenges to accomplish this balancing act, and many organizations fail to accomplish this act. Elkington (1997) came up with the triple bottom line framework in which sustainability is achievable only if organizations can earn their economic profits in ways that are socially and ecologically responsible.
There are several key focus steps within the assignment:
Analyse one company from the industries mentioned below, and share how it manages its triple bottom line, and how much it has been successful in managing this area. Be specific, find different resources for information, and do not rely only on the companys website and press releases.
Then create your own organization, with the learning of this balancing act, and showcase a product or range of products that may satisfy the three areas mentioned above.
Create the vision, mission, and values of your company
Evaluate external strategic drivers to create your firms strategic approach to sustainability
Review internal strategic management principles and resources
Clearly communicate a firms sustainability agenda to various stakeholders
Prioritize these issues from both a sustainability and commercial point of view. This will help you recognize and better manage risk, improve efficiency, revenue potential, growth, and other opportunities
Map the short and long-term ambitions for your sustainability vision, assess the risks, and address any gaps in delivery.
Support the alignment and integration of your sustainability vision into your overall corporate strategy.
Identify challenges for strategic sustainability management
Use accounting principles shared in class for your product business
Evaluate tools and technologies for sustainability
Review strategies for managing changing climate control laws and regulations
Recognize stakeholders, both seen and unseen.
Select a company from the following categories:
Food Industry
Pharmaceutical
Fashion Industry
Consumer Industry
Your Budget for this business is 1 million dollars. Your use of money should reflect the best use of the triple bottom line.
Accounting Requirements:
1. Budget
2. Income Statement
3. Balance Sheet
The paper and presentation should focus on the following:
Introduction and formulating strategy, including strategic planning
Implementation Strategy
Expected Outcomes
Additional Considerations include, but not limited to:
Introduction of Strategy
Strategic Management Principles
A comprehensive analysis of the industry, and strategic groups
Life cycle analysis, macro environment, competitive landscape
Address the following concepts and issues: efficiency, economics of scale, competitive and comparative advantages and disadvantages
Prospective customers, product offerings
Cost of production and resource allocation
Profitability within competitive business groups
