bus 411 day 14 copyright 2005 prentice hall 1. ch 1 -2 agenda question? assignment 4 corrected 1 a,...
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Bus 411
Day 14
Copyright 2005 Prentice Hall 1
Copyright 2005 Prentice Hall Ch 1 -2
Agenda Question? Assignment 4 corrected
1 A, 4 B’s, 2 C’s, 1 D and 1 F
Assignment 5 posted EBIT analysis, Projected financials Due March 19 BUS 411 Assignment 5.pdf
Mid-term exam will be take home Chapters 1 – 11 20 short essays @ 5 points each Available March 19, Due March 22 (no class that day)
Discussion on Business Ethics/ Social Responsibility/ Environmental Sustainability
® 2007, Tony Gauvin, UMFK3
Dogs
IVCash Cows
III
Question Marks
IStars
II
High1.0
Medium.50
Low0.0
High+20
Low-20
Medium0
Segments Revenue Profit Growth Rate Relative Market ShareDomestic 54% 52% 17 0.3International 46% 48% 5 0.2
Domestic
International
Apple BCG Matrix
® 2007, Tony Gauvin, UMFK4
Apple QSPM
Key External Factors Weight
Produce Wintelcompatible products
Expand production into Asia
Opportunities TAS AS TAS
Increase in worms and virus on PCs. 0.15 1.00 0.15 3.00 0.45
Large population (Gen X & Y) which are extremely individualistic and name brand conscious.
0.15 1.00 0.15 4.00 0.60
Government crackdown on pirating music off the Internet. 0.05 1.00 0.05 4.00 0.20
Much of the world is still without computers. 0.10 1.00 0.10 4.00 0.40
People enjoy small electronic gadgets. 0.10 --- --- --- ---
Threats
Companies not seeing Apple as compatible with their software. 0.10 4.00 0.40 2.00 0.20
Dell and HP are major competitors. 0.10 1.00 0.10 3.00 0.30
Increasing competition with music downloads. 0.05 --- --- --- ---
Competition produces similar products at often half the price. 0.10 --- --- --- ---
The population at large unwilling to use Macintosh. 0.10
SUBTOTAL 1.00 0.95 2.15
SUM TOTAL ATTRACTIVENESS SCORE 2.83 3.88
Schedule Change March 12 Chap 10 March 15 Chap 11 March 19. How to prepare and present a case
study, Group Assignment, Case assignments, Mid term available
March 22, Mid-term due (No class) Back on Schedule after Spring break First Student Case Presentation on Apr 5
Copyright © 2011 Pearson Education, Inc. Publishing as Prentice Hall
Ch 2 -5
Groups and Cases
Two groups – Males vs females Tony does two cases (1st & Each group does 4 cases
Case 1 & 2 10 days prep Case 3 & 4 7 days prep
Copyright © 2011 Pearson Education, Inc. Publishing as Prentice Hall
Ch 2 -6
Case Schedule
Apr 2 Family Dollar -Tony
Apr 5 Whole Foods
Apr 9 Macy’s
Apr 12 Wal-Mart - Tony
Apr 16 Johnson & Johnson
Apr 19 Avon Products
Apr 23 Molson Coors
Apr 26 PepsiCo
Apr 30 Student’s Choice
May 3 Student’s’ Choice
Copyright © 2011 Pearson Education, Inc. Publishing as Prentice Hall
Ch 10 -7
Copyright © 2011 Pearson Education, Inc. Publishing as Prentice Hall
Ch 10 -8
Chapter 10Business Ethics/ Social Responsibility/ Environmental Sustainability
Strategic Management: Concepts & Cases
13th Edition
Fred David
Copyright © 2011 Pearson Education, Inc. Publishing as Prentice Hall
Ch 10 -9
Copyright © 2011 Pearson Education, Inc. Publishing as Prentice Hall
Ch 10 -10
Business Ethics
Social Responsibility
Environmental Sustainability
Copyright © 2011 Pearson Education, Inc. Publishing as Prentice Hall
Ch 10 -11
Business Ethics
Principles of conduct within organizations that guide decision making and behavior
Copyright © 2011 Pearson Education, Inc. Publishing as Prentice Hall
Ch 10 -12
Business Ethics
Code of Business Ethics A document that provides behavioral
guidelines that cover daily activities and decisions within the organization
Copyright © 2011 Pearson Education, Inc. Publishing as Prentice Hall
Ch 10 -13
Ethics Culture
Ethics training should include: A message from the CEO Development and discussion of codes
of ethics Procedures for discussing and
reporting unethical behavior
Copyright © 2011 Pearson Education, Inc. Publishing as Prentice Hall
Ch 10 -14
Ethics Culture
To align ethical and strategic decision making: Incorporate ethical considerations into long-
term planning Incorporate ethical considerations into
performance appraisals Encourage whistle-blowing Monitor department and corporate
performance regarding ethical issues
Copyright © 2011 Pearson Education, Inc. Publishing as Prentice Hall
Ch 10 -15
Bribes
A gift bestowed to influence a recipient’s conduct
Illegal in many countries, acceptable in others
Copyright © 2011 Pearson Education, Inc. Publishing as Prentice Hall
Ch 10 -16
Business Ethics
Social Responsibility
Environmental Sustainability
Copyright © 2011 Pearson Education, Inc. Publishing as Prentice Hall
Ch 10 -17
Social Responsibility
Actions an organization takes beyond what is legally required to protect or enhance the well-being of living things
http://money.cnn.com/magazines/fortune/mostadmired/2010/best_worst/best4.html
Copyright © 2011 Pearson Education, Inc. Publishing as Prentice Hall
Ch 10 -18
Social Policy
Concerns what responsibilities the firm has to its employees, consumers, environmentalists, minorities, communities, shareholders, and other groups
Should be considered during each stage of strategy formulation, implementation, and evaluation
Copyright © 2011 Pearson Education, Inc. Publishing as Prentice Hall
Ch 10 -19
Social Policies on Retirement
Worker shortages in countries around the world are leading to changes in retirement and immigration policies
Copyright © 2011 Pearson Education, Inc. Publishing as Prentice Hall
Ch 10 -20
Business Ethics
Social Responsibility
Environmental Sustainability
Copyright © 2011 Pearson Education, Inc. Publishing as Prentice Hall
Ch 10 -21
Environmental Sustainability
The extent that an organization’s operations and actions protect, mend, and preserve rather than harm or destroy the natural environment
Copyright © 2011 Pearson Education, Inc. Publishing as Prentice Hall
Ch 10 -22
Environmental Sustainability
Strategies of companies are scrutinized and evaluated from a natural environment perspective
Employees, consumers, governments, and society are resentful of firms that harm rather than protect the natural environment
Copyright © 2011 Pearson Education, Inc. Publishing as Prentice Hall
Ch 10 -23
Sustainability Report
Reveals how a firm’s operation impact the natural environment
These reports are not required, but are a good business practice
http://www.aboutmcdonalds.com/mcd/sustainability.html
Copyright © 2011 Pearson Education, Inc. Publishing as Prentice Hall
Ch 10 -24
Lack of Standards Changing
Making a claim that a product or process is “green” is becoming more difficult as standards are put into place
Leed http://www.usgbc.org/DisplayPage.aspx?CategoryID=19
NSF list of Standards http://www.nsf.org/business/sustainability_products/existing_certprograms.asp?program=SustainabilityPro
Copyright © 2011 Pearson Education, Inc. Publishing as Prentice Hall
Ch 10 -25
Obama Regulations
New “clean technology” business start ups Solar Wind Biofuels Insulation
Copyright © 2011 Pearson Education, Inc. Publishing as Prentice Hall
Ch 10 -26
Managing Environmental Affairs in the Firm Managers must formulate strategies that preserve
and conserve natural resources and control pollution Environmental strategies could include
Developing or acquiring green businesses Divesting or altering environment-damaging
businesses Striving to become a low-cost producer through waste
minimization and energy conservation Closed Loop manufacturing Pursuing a differentiation strategy through green
product features
Copyright © 2011 Pearson Education, Inc. Publishing as Prentice Hall
Ch 10 -27
Students and Environmental Training
Companies prefer to hire graduates with training in environmental issues
Copyright © 2011 Pearson Education, Inc. Publishing as Prentice Hall
Ch 10 -28
Reasons Why Firms Should “Be Green” Consumer demand Public opinion Environmental advocacy groups Federal and state environmental regulations Lenders Consumers, suppliers, distributors, and
investors Liability suits and fines
Copyright © 2011 Pearson Education, Inc. Publishing as Prentice Hall
Ch 10 -29
Be Proactive, Not Reactive
Proactive – do more than the bare minimum
Reactive – changing only when forced to by the law or consumer pressure
Copyright © 2011 Pearson Education, Inc. Publishing as Prentice Hall
Ch 10 -30
ISO 14000/14001 Certification
International Organization for Standardization (ISO)
A network of standards institutes of 147 countries
Largest developer of sustainability standards in the world
Compliance is voluntary http://www.iso.org/iso/iso_14000_essentials
Copyright © 2011 Pearson Education, Inc. Publishing as Prentice Hall
Ch 10 -31
ISO 14000/14001 Certification
ISO 14000 - a series of voluntary standards in the environmental field
ISO 14001 – a set of standards included within ISO 14000 Adopted by thousands of firms worldwide to
certify that they are conducting business in an environmentally friendly manner
Results in an environmental management system (EMS)
Copyright © 2011 Pearson Education, Inc. Publishing as Prentice Hall
Ch 10 -32
Electric Car Networks
Government funding for manufacturing Recharging stations being installed in many cities Extensive research and development within the auto
industry Companies are replacing gasoline powered vehicles with
hybrid electric-natural gas vehicles How is the electricity being produced?
http://www.eia.gov/electricity/annual/
Copyright © 2011 Pearson Education, Inc. Publishing as Prentice Hall
Ch 10 -33
Copyright © 2011 Pearson Education, Inc. Publishing as Prentice Hall
Ch 10 -34
March 2009 Copenhagen Meeting
Scientists warned that global warming is worse than expected
Companies and governments encouraged to vigorously implement strategies to cut greenhouse gases
Kyoto Protocal expires in 2012 Results of March 2009 Copenhagen Meeting
are expected to replace the Kyoto Protocal
Copyright © 2011 Pearson Education, Inc. Publishing as Prentice Hall
Ch 10 -35
All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted, in any form or by any means, electronic,
mechanical, photocopying, recording, or otherwise, without the prior written permission of the publisher. Printed in the United States of America.
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