Transpacific Industries Group (Transpacific) is a large company based in Australia and New Zealand, but has a regional scale market for its products and services. The company specializes in the management of both industrial and domestic waste, which is, recycling of the waste and offering other industrial services. In relation to waste management, the company has developed its own department that deals with manufacturing of technological equipments for the purpose of waste control (Hopper, 1982). Transpacific group of industries also deals in the production of market-oriented vehicles. The headquarters of the company are located in Brisbane, Australia. Research shows that Transpacific is one of the largest companies in Australia. Therefore, …show more content…
Partnering with other investors ensures that the number of major stakeholders in the company increases. Most partnerships that Transpacific Industries have formed range from governmental entities to privately owned commercial organizations. Another benefit accrued from such partnerships is that the client base for the company increases. Most of the partnerships that Transpacific have formed are based on waste management (both the processing of waste and possible ways of safeguarding the environment). For instance, one of the most important partnerships formed by Transpacific is the one with Waste Management Association of Australia (WMAA). Finally, the organization is well-equipped with a number of professional personnel who are responsible for developing new innovative ideas that are sustainable for the company and at the same time effective to the consumers (Seadon, …show more content…
The company’s website contains all details of the company and current programs being implemented by the company. More importantly, the company does not only advertises and market itself via the internet, but also provides first-hand source of information to all concerned parties. To support this fact, the company’s website contains several sections such as ‘Company Information’ and ‘Investor Relations’ that acts as portals for accessing the company’s corporate and investor publications, profile stories, company newsletters, investor presentations and media-oriented inquiries. Also, the website enlists the company’s objectives, goals, structure, and policies. Therefore, every detail of the company that suits the shareholder or the customer is found on the company’s website. Apart from the website, the company communicates to its shareholders and stakeholders via newspaper publications. The publications are effective in explaining any initiative that the company conducts in absence of shareholders. Therefore, the company explores modern technology in ensuring that the stakeholders are satisfied. In summary, this means that the company prioritizes the well-being of the stakeholders in its
The company is known as the largest iron ore, coal and manganese producer in Australia, Brazil, and South Africa. They own one of the major suppliers or copper, silver, lead, and uranium in Australia and continuously looking for ways to expand globally. As of 2016 BHP Billiton has been announced to be the third largest nickel producer and the sixth largest producer of aluminum
BHP Billiton is the most successful company throughout the world by using unchanged strategies in their business. They have a strategy to operate large, low cost, expandable, and upstream commodities by using raw materials, geography, different assets and market, which give them a superior marginal costs throughout economic and commodity cycles for several years. They put the security of their workers first and supporting them by providing various facilities (see appendix 1). Their diversification makes the easy cash flow system by reducing the exposure to any one commodity and give for more identifiable and great financial performances. To become more successful BHP have heaps of human resources or workforce which reflect their values and communities. They have aim to recruit and attract other people who make their organization successful and thrive on working in teams and going to their extra miles to give their best. Moreover, they are committed to meet the changing needs of their customers. They have world class portfolio of growth option that will make them able to plan for a short term and long term goals and continuing them to create value for their shareholders which BHP more powerful (BHP Billiton, 2014). By using these all measures BHP Billiton kept its solid position in the nine month period till the end of March 2014 with the record of production attained for four items and at 10 operations. In aggregate, processing expanded by 10% for throughout the period what's more is required to develop by 16% over the two years to the end of the 2015 fiscal year. For further development BHP having a plan to start new projects where they pursuing a higher rate of returns on incremental investment and increasing inter...
Nowadays, the popularities of the internet do change people’s life and even influence the strategy of a company. The article “Strategy and the Internet” authored by Michael Porter presents a few constructive opinions towards companies using the Internet for business that tells company should not lose the focus on building strategic development and competitive advantage. In the article, Michael Porter demonstrated that “the Internet is an extremely important technology, but it has made it difficult for companies to remain profitable over an extended time period”. (Porter, 2001) And internet leads many businesses “distort their market signals and competitive advantage”. (Porter, 2001) It is obvious that company tend to different from other which only focus on price strategies rather than through traditional methods of differentiation. (Porter, 2001) Throughout this article, Porter mainly aim to demonstrated that the Internet will weaken company’s profitability without providing proper operational advantages, because the proper use of internet will add value and increase company’s traditional competitive advantage, but it is unlikely for company to replace it. (Porter, 2001)
Boeing took a big step forward with the announcement relating to the joining of the World Environment Center (WEC), “a global non-profit organization that helps companies around the world implement environmentally sustainable business strategies and operations” (WEC, 2005,CRS wire, ¶ 1). With Boeing recognizing the major challenges facing the eco-system of the planet, aggressive but realistic targets for reducing the impact of Boeings operations and lifecycle of their products on the environment. By implementing the aggressive tactics, Boeing improved by 25 percent with solid waste recycling rate and by 2012 the company will increase energy efficiency by cutting greenhouse gas emissions along with comparable goals for hazardous waste reduction.
This paper will have a detailed discussion on the shareholder theory of Milton Friedman and the stakeholder theory of Edward Freeman. Friedman argued that “neo-classical economic theory suggests that the purpose of the organisations is to make profits in their accountability to themselves and their shareholders and that only by doing so can business contribute to wealth for itself and society at large”. On the other hand, the theory of stakeholder suggests that the managers of an organisation do not only have the duty towards the firm’s shareholders; rather towards the individuals and constituencies who contribute to the company’s wealth, capacity and activities. These individuals or constituencies can be the shareholders, employees, customers, local community and the suppliers (Freeman 1984 pp. 409–421).
Corporate governance implies governing a company/organization by a set of rules, principles, systems and processes. It guides the company about how to achieve its vision in a way that benefits the company and provides long-term benefits to its stakeholders. In the corporate business context, stake-holders comprise board of directors, management, employees and with the rising awareness about Corporate Social Responsibility; it includes shareholders and society as well. The principles which...
Waste minimization is a critical mission to the entire automotive industry, which include General Motors, due to the massive waste created by the manufacturing process. In order to maximize the waste reduction, GM tailored their waste reduction strategy so it can address issues and risks vary from country to country. Another approach that GM took to reduce waste is to collaborate with a diverse group of academic institutions, nonprofits and government agencies such as Reuse Opportunity Collaboratory Detroit and U.S. Business Council for Sustainable Development.
In recent years, companies are becoming socially responsible and now stakeholders almost expect a company to have CSR policies. Therefore, in twentieth century, corporate social responsibility (CSR) became an important development in public life (Barnett, ND).Corporate social responsibility is defined as “the ways in which an organisation exceeds the minimum obligations to stakeholders specified through regulation and corporate governance” (Johnson, Schools and Whittington, N.D cited in March, 2012). Stakeholders can be defined as “those individuals or groups who depend on the organisation to fulfil their own goals and on whom, in turn, the organisation depends” (Johnson, Schools and Whittington, N.D cited in March, 2012). There are many purposes for this essay, the first purpose is to descried the key principles of corporate social responsibility and explain their importance for stakeholders. Secondly, is to show how far this company follows those principles in order to be accountable to at least three of its stakeholders. In this essay, three stakeholders, environment, customers and employees will be evaluated respectively and the key principles of the stakeholders will be examined.
Stakeholders are individuals, groups, and organisations with the power to influence the delivery of an organisation’s strategy and thus the organisation’s performance and/or a significant interest in an organisation’s strategy and thus the organisation’s performance (Wisniewski, 2001; Ackermann & Eden, 2011). In the context of the draft BSC to be developed, however, the analysis shall focus on relatively aggregated stakeholder groups. Firstly, the aim of this stakeholder analysis is not to pinpoint individual persons as stakeholders who may then be managed more easily than large organisations, but to identify rather broad stakeholder groups interested in Zara’s performance. Secondly, addressing
... organizational structure that needs to be maintained for its operations in Australia. As the suggestion has been of total ownership thus span of control is needed and these factors have been discussed in this report to illustrate how effective the organization can be in Australia.
By building their company into a market leader with a highly decentralized corporate structure, and a focus on assets of trucks and landfills, WMI left their company with constrained business flexibility. The highly decentralized corporate structure weakens efforts for corporate change, with elements such as the managing communication or corporate governance. With assets primarily focused on trucks and landfills, ability to use trucks in recycling operations exists, but landfills have a limited accommodating nature. These unused landfills may pose a problem in the future. In addition, the size of Waste Management Inc. poses a problem because decisions need the necessary board approval. Management shows resistance to innovation; despite, having a progressive CEO. With discontent, management should strive for compromises that will not divert substantial resources from the core business, but progress the company forward. Additionally, the high costs associated with recycling strains the current operational infrastructure. Regardless of financials, restructuring a company based on environmental changes can cost ample time, money, and
Companies have to distinguish themselves in different ways if they are to have a good reputation and this can be done through their communication strategies. In a time of crisis the company’s reputation is threatened and the communication strategies used will save or hurt the firm’s reputation. Before creating communication strategies, companies ought to identify their stakeholders. Appendix 3 illustrates the different stakeholders of a company.
ICT has revolutionized the world especially in commerce, education and socialization. It has reduced the world into a small global village. This has been facilitated by the greatest innovation in the information and communication technology (ICT): the internet. Since its innovation, there have been many benefits and opportunities that have been realized from different quotas including; education sector, business sector, health sector, communication sector and transport sector among others. Many organizations in these and other sectors have in one way or another adopted the use of the internet so as to enhance their services, processes and products. In addition, the use of ICT has become one of the factors that add to competitive advantage and thus every other organization wants to gain this competitive edge against other organizations: including Kingdom of Saudi Arabia.
When studying communications one will realize that different companies or organizations communicate internally and externally with their different target audiences. Therefore, we are exposed to different kinds of corporate publications. These can be internal and/or external publications. Corporate publications intend to communicate or rather aim to convey certain messages to different messages to different target audiences. For example, internal publications are publications aimed for employees and stakeholders, whereas external publications are aimed to communicate with customers. Various companies consist of the company’s profile, corporate image, the business activities, recent marketing and advertising campaigns of the company, the social media and digital strategy and presence and online presence of the company.
There is no doubt that the present time is the Technology era when the use of technological inventions dominates all different aspects of life: computer, cellular phones, world wide web, radio and satellites. That is, technological inventions have improved. Storing information, sending and receiving messages, electronic governments, distance education, health services and business. With the intervention of Information Technology, the means of communication in business which is a very important field in modern societies including banking, shares market, marketing, trading has been intensely changed. This essay will argue that Information Technology has positively changed communication in the business world. Information Technology implications have enhanced the ways businesses communicate in business areas including marketing, stock market, shopping and banking.