Wednesday, May 6, 2020

Walmarts Sustainable Business Development - 1666 Words

Walmart’s Sustainable Business Development The purpose of this paper is to introduce you to the role of sustainable business philosophies and practices of Walmart as well as looking at Walmart’s strategic management perspectives and what type of impact and influences they have on the external forces in the industry. While also focusing on Walmart’s concept of value creation applied to SBD (sustainable business development) and their strategies. Defining Sustainable business philosophies are a system of fundamental or motivating principles that a business handles in different areas of operation based on the actions or beliefs of that business. â€Å"For businesses to have a sound business philosophy is the cornerstone of a successful business† (Burney, n.d). The businesses philosophy is usually the company’s mission and vision statement, which explains the company’s overall goals and their purpose of being in business (Burney, n.d.). Mission statements are a guide for a company to develop and implement a corporate sustainability strategy and are usually incorporated in a company’s sustainability report (Epstein Buhovac, 2014). Sustainable business practices are when a business initiates environmentally-friendly operations internally and externally to become a sustainable organization and to reduce their environmental footprint by cutting down on waste (Belcher, n.d.). Strategic management perspectives are how a company views and solves important issues in order to reachShow MoreRelatedSustainability and Walmart1602 Words   |  7 Pagesï » ¿ Walmart Stores, Inc. Strategic Initiative Preston Burrell, Sue Ford, Ketia Francois, Chris Hiniker, George Lance FIN370 July 29, 2013 Laura Haase Walmart’s Strategic Initiative Strategic planning is a goal of most if not all companies that exist. Some may use this form of planning on a small scale and meet about things such as improving satisfaction ratings or improving the company’s website. Others meet about larger goals that can change and improve the image and brandingRead MoreAn Understanding Of Corporate Social Responsibility1343 Words   |  6 PagesEthics and their applied application by a multinational corporation (MNC) like Walmart. This report is based on the case study ‘Walmart: Love, Earth ®Ã¢â‚¬â„¢ which identifies key points which are the criticism faced by the multinational corporation (MNC), business practices that are/were unethical and which ethical theories did/ do they violate and why do MNCs like Walmart address their social and environmental impacts. The case study is very important as it outlines the way the MNC works and the differentRead MoreWhy Sustainability Is Now The Key Driver Of Innovation1374 Words   |   6 Pages In a Harvard Business Review (HBR) article, â€Å"Why Sustainability is now the Key Driver of Innovation†, the contributors argue against the common view: that as businesses become more environmentally friendly they become less competitive and profitable (Nidumolu, Prahalad, Rangaswami, 2009) The contributors go on to say that companies who initiate environmental sustainability will develop competencies that competitors won’t be able to match and that ultimately, â€Å"sustainability will always be an integralRead MoreWal Marts Business Level Strategy1478 Words   |  6 Pagessources of cost advantage does Wal-Mart rely upon to execute its business-level strategy in the U.S.? Provide evidence for your answer. Introduction: Walmart one of the largest chain stores has a famous mantra â€Å"Ever Day Low Prices† has been attracting millions of customers around the world with their value chain activities. Walmart has lots of cost advantage and strategies over its competitors. Walmart has been able to execute its business level strategies with lot of success, and efficient policiesRead MoreWalmart : Behind The Scenes1183 Words   |  5 Pagespart of life the average person more than likely has little knowledge that pertains to Walmart’s success and business culture. This paper will guide one through the history of the organization, why Walmart is successful, what could threaten or open new opportunities, and how might they hold a competitive advantage. History To fully understand Walmart’s business one should first study the history of Walmart’s retail company. Born in 1918, Sam Walton married his wife Helen Robson while serving inRead MoreSustainability Strategy For Walmart Wal Mart2465 Words   |  10 Pagessustainability a core of its operations and business model. In my role as the leader of the global sustainability effort, I will identify untapped potential of the sustainability initiative and create strategic plans and solutions that would make sustainability an integral source of value creation. I have created a detailed framework of my proposed plan that includes the following points: i) Internal Research and Development Center ii) Sourcing Sustainable Alternative Products iii) Collaboration acrossRead MoreObjectives Of A Sustainable Business Participates1831 Words   |  8 PagesA sustainable business participates in environmentally friendly activities to ensure that all processes, products, services and manufacturing activities adequately address ongoing environmental concerns while still producing a profit. A business is sustainable if it has a minimal negative influence on the environment, community, society, or economy. Businesses are green if they incorporate principles of sustainability into each of its business decisions and activities. The business supplies environmentallyRead MoreSustainable Solutions11923 Words   |  48 PagesRunning head: SUSTAINABLE SOLUTIONS 1 Sustainable Solutions Paper Katherine Kem DBA Strategy Dr. Robert Hockin, Instructor February 21, 2010 Running head: SUSTAINABLE SOLUTIONS Sustainable Solutions Paper Walmart has some of the best supply chain methods in the market, and is working to become an industry leader in sustainability. Despite this, there is much criticism of this ‘giant’, and an in-depth look of their organization from a sustainable lens will review their successes, failuresRead MoreCorporate Social Responsibility Evaluation For Wal Mart Stores Essay2025 Words   |  9 PagesScott, former CEO of Walmart, pledged that one day the company would only use renewable energy, that it would eliminate waste, and it would sell environmentally sustainable products (Gunther, 2015). Although Walmart has not reached this goal yet, it has made great progress during the last decade. Throughout this evaluation, I examine Walmart’s current corporate social responsibility policies, evaluate the impact of such policies, and recommend a plan to improve the CSR policies and their impact on societyRead MoreCas e Study : Supply Chain Management1028 Words   |  5 PagesSUPPLY CHAIN MANAGEMENT IN RETIAL INDUSTRY: CONCEPTS, STRATEGIES AND WALMART CASE STUDY Mian Wang CID: 01090728 Imperial College Business School, MSc Management ABSTRACT With the rapid increase of operation cost and fast development of E-commence in today’s retail industry, traditional operation management models are antiquated. Companies attempt to enhance competitive capacity through management innovation, and an increasing amount of attention is paid to their supply chain management for

Tuesday, May 5, 2020

Discussion on Cultural Heritage-Free-Samples-Myassignmenthelp.com

Question: Discuss about the Cultural Heritage. Answer: Discussion Cultural heritage refers to a way of living developed in a community by a specific generation and is passed over to other generations in different forms. The main message of the article is that, popular music should take part in creating cultural heritage and the various ways how it can. I dont agree with the author because his main ideas reflect an ancient thinking without considering the current changes that are also important in creating cultural heritage. Below is a critic of the article on how the authors writing is biased in various ways. Popular music as referred in most cases is known to influence the concepts of various values, norms and beliefs that influence way of life of a specific generation both present and past. The author puts this idea across in a view that its mandatory for every popular set of music to recognize a past experience or practice in order to create a memory while one can create an idea to be emulated later as well (Leonard and Robert Strachan, 2010). Popular music faces various challenges of intelligibility similar to that of traditional times as not all in the industry are fully modernized unlike the way the author puts it. Creating cultural heritage is a communal responsibility from the popular music fraternity, the community members as well as the visitors to enhance a creation that fits all relevant ideas to enhance its significance. The author gives biased information in that the visitors and the community members feel left out in creating a significant heritage (Parr, et al, 2009). Material culture of popular music as the author says, process of its recognition to collection and display is very important to ensuring that the right material is put on board but its value is not developed or made but enhanced. An artefact is not made but enhanced to fit its value to help explain the heritage unlike what the author suggests of value making to represent both social and political institutions at the museum level. Locating popular music sites as indicated by the author in the areas of Northern part of pacific town will influence the popular message in that area but will not change the original message. Upon listening to the music set, the listener identifies with a specific cultural heritage hence not in all cases that the location identifies with the heritage to be formulated. Every human being relates with a specific cultural heritage and the intervention of the various organizations like ICOM and UNESCO only help in formalizing the aspect but cannot influence a cultural change that people are not willing to take part in like the author suggests even if they are visitors. Personal engagement like in the case of Nirvana is only a success in presence of willing cultural individuals and not by willingness of the organization as the author puts it. Reading the article has enhanced my understanding on the importance of popular music in forming cultural heritage. The article is worth reading to enhance once knowledge on the scope of popular music and cultural heritage. References Leonard, Marion, and Robert Strachan. (2010). The Beat Goes On: Liverpool, Popular Music andthe Changing City. Liverpool: Liverpool University Press. Parr, Joy, Jessica Van Horssen and Jon van der Veen. (2009). The Practice of History SharedAcross Differences: Needs, Technologies, and Ways of Knowing in the Megaprojects.