First of all, the two real world companies that we choose are Tenaga Nasional Berhad (TNB) and Microsoft Corporation. Tenaga Nasional Berhad (TNB) is a local company, however, Microsoft Company is an international company. There are two famous company that have monopoly market structure among others company. Moreover, TNB is the largest electricity utility in Malaysia and a main service organization in Asia. Other than that, TNB also listed at the main board of Bursa Malaysia with an asset of RM87 billion, and it also hire about 33,500 employees to serves an estimated 8.3 million customer in whole country. TNB was set up in 1949 as the Central Electricity Board, and provide over 66 years of electricity to every part of Malaysia. Generation, …show more content…
In 2005, the Company set out on a 20-Year Strategic Plan with a definitive goal of changing into a world-class player by the year 2025. To bolster this vision, TNB puts essentially in the persistent expert improvement of its employees through structured programs. There is likewise replenished accentuation on sustainability, both of the association and of the Malaysian environment. The Strategic Plan involves more concentrate on green activities, for example, the improvement of renewable wellsprings of fuel, and more compelling demand side management by means of vitality effectiveness, in this manner supplementing the Government's carbon reduction agenda. As a government company, the company runs numerous CSR programmers that benefit the underprivileged through its foundation Yayasan Tenaga Nasional (YTN), this could places strong emphasis on its social responsibilities. (2015,
Tayib is likely feeling as though he is a failure and disappointment to parents and that he is a failure at life in general (Broderick, 2014). Not only is he not living up to their expectations, but he keeps getting passed over for promotions at work, despite his dedication. Even so, he sticks with his same job, hoping one day that his good work will be noticed. Possibly one of Tayib’s problems is that he is not assertive enough when it comes to work. He lets his boss glaze over him and allows him to ignore his efforts without telling his boss how it truly impacts him. His coworkers and supervisor benefit from his conscientiousness without giving anything back. Furthermore, Tayib seems a bit
Wheelen, T. L., & Hunger, J. D. (2010). In Concepts in Strategic Management and Business Policy Achieving Sustainability, Twelfth Edition. Pearson Education.
1. What are the primary business risks associated with UST Inc.? What are the attributes of UST Inc.? Evaluate from the viewpoint of credit analyst or bond holder.
... come to nothing. Nucleon’s core competencies are doing proper scientific research with its team of experts and their strong link to academia leading to technical prowess; therefore, they should focus on the continuation of their expertise in science.
Protecting the environment has become an important issue in today’s society. There is no longer any doubt that businesses should consider their social responsibility and the impact of their activities on their stakeholders. In addition, firms are beginning to realize that corporate sustainability can prove to be a win win. There are multiple benefits of sustainability linked to costs, revenues, community relations, and more. The decision to strive for sustainability is obvious, but this process is easier said than done. Developing a sustainability strategy is difficult in itself, but the most challenging factor is the actual implementation. Marc J. Esptein, the author of Making Sustainability Work: Best Practices in Managing and Measuring Corporate Social, Environments, and Economic Impacts, provides companies with tactical methods and approaches, as well as real life examples and personal advice in order to assist in helping companies with achieving corporate sustainability.
TM is a government-linked corporation, through its substantial shareholder Khazanah Malaysia (Khazanah), the Malaysian Government’s main investment vehicle. It is a major component of the Kuala Lumpur Stock Exchange Berhad Composite Index. In 2004, a new Group Chief Executive Officer, Dato Abdul Wahid bin Omar was appointed by Khazanah under a general revamp exercise of the GLCs.
Recent years, government have been focusing on the importance of innovative ideas towards a greener future as there is an increase attention towards environmental consciousness among social groups working towards sustainability of the environment. Funding and incentive scheme has been setup by the government authorities to help various companies to work towards a clean and green city that could help with future economic growth in Singapore. A total of 35 government funding
The company believes in working together and collaborating with other industries on new technology to minimize the environmental footprint. The company wants to sustain a relationship with it partners and employees. Also the CNR has a human rights code of conduct which every employee has to accept before they become a member of the CNR family. Over the past 5 years the company has shown a significant increase in their stocks and they had a 74% increase from 2010-2014. They company had one of the most tremendous drops in 2013 due to their oil spill. The sales did very well too, in 2010 they had $14,000 million and in 2014 they ended with $21,000 million. CNR has established a great profile which has been a big contribution to their financial success of the
Malaysia is located in the south-eastern Asia, bordering Thailand and northern one-third of the island of Borneo, bordering Indonesia, Brunei, and the South China Sea, south of Vietnam. Due to its locations, it has been colonised since the late 18th centuries by many countries. Since 1965, Malaysia has had one of the best economic records in Asia, with GDP average of 6.5% growth for almost 50 years. The economical development especially boosted during 1981 and 2003 under the governance of Prime Minister Mahathir bin Mohamad. Malaysia succeeded in diversifying its economy from dependence on exports of raw materials to expansion in manufacturing, services, and tourism. Also, the current Prime Minister continues to pursue pro-business policies .
Virakul, B., Koonmee, K. and McLean, G., 2009. CSR activities in award-winning Thai companies. Social responsibility journal, 5(2), pp.178--199.
It is among the largest engineering companies in Malaysia with a growth rate of over 20% for four consecutive years and is among the best managed companies in Asia. It is among the most transparent and therefore leads on the issue of corporate governance. It enjoys incredible growth in sales shareholder and has a base of nearly 1 million. L & T is the core of a group of companies involved in building complexes, worksheets, offices and service outlets at different locations all over Malaysia and abroad. L & T has an incredible reputation for capabilities for executing engineering related projects. This has been enhanced by it long business history which date back in 1938 to present. It provides real and logical synergy in terms of executing turnkey projects for construction, engineering, supplying machinery and suppliers credit. Further, by the use of Total Quality Management (TQM) principles e.g. customer focused, reducing costs and wastage, and adding value at all stages for maximising customer satisfaction and emphasis on 'customer delight '. The company therefore delivers more value than expected by customer. It has ability to synthesise, incorporate and complement its diverse world-class engineering, manufacturing, procurement, construction and fabrication skills around turnkey projects and people. L & T has a world class vendor base and quality technological alliances, excellent IT
Can anyone imagine what will happen to Malaysia after a few more decades? Debt crisis in Malaysia is getting more severe due to lack of management among individuals. Serious debt crisis might lead to bankruptcy to our country. Nation leaders should lead others away from debt. If this scenario continues, Malaysia might follow the footstep of Greece, Spain, Italy, and Portugal. Debt crisis can be avoided by providing trainings and courses to the employees, improve individual personal finance management and filtering candidates in hiring process.
A corporations CSR should be shaped in order to fit the goals of the corporation, although every corporation’s CSR should differ, since most have different goals and different communities behind them. The CSR should be molded into fitting the corporation’s goals in order to make it easier on the corporation in giving back to the community while achieving its goals. For example, a corporation located in a desert wishes to be more efficient, by reducing water usage it is not only creating lower costs, which result in higher revenue, but also helps the community by not taking up so much water. Taking this into consideration, it is critical that the corporation goals and values are established and clear throughout the corporation, they should be developed by the board or directors and CEO, and the highest managerial level should stress their importance to the rest of the corporation. By making the goals and values at the top branch of the corporate hierarchy, it will be simpler for the corporates community to develop in order to nurture those goals and values. Therefore, a corporation can reach the “shared-value,” a value for both its shareholders and community in a simpler manner that can result benefiting the corporation in the end as well. Throughout the article many examples are given of actual corporations that have benefited and changed their CSR in order to fit their goals, therefore, providing solid proof that these methods work. Nevertheless, as acknowledged by the author’s themselves, most of the corporations taken into consideration where one’s that Harvard CSR students were employed
Countries strengths are measure by it politics, economic and social but beside this, environment change is needed in Malaysia for the better of the future development, educate and lead Malaysian to more value with the environment. While government should protecting and preserving the environment.
In the current time of growth and progression, individuals should know that how a business not only flourish but sustain itself. Making profit is one of the main targets of every corporates but it must not be the only one. When an individual builds a company in order to do business, they should be well aware of their contribution towards the society as well as their business and employees in it. It is total strategy of all. We should be able to realize every increment contributes of it. One of the major factors that affect a business is how well it participates in Corporate Social Responsibility. According to (Werther & Chandler, 2006) corporate social responsibility (CSR) refers to a business practice that involves participating in initiatives that benefits the society. In authenticity, there is a whole lot to argue about it. There are no major guidelines that decides either a business is participating in Corporate Social Responsibility; what might be considered a Business practicing CSR to some, can still not be accepted for it by others. CSR may be restrained a term which his highly flexible. This paper will discuss about Corporate Social Responsibility and its