how to integrate sustainability, social responsibility and globalization in your organization
DESCRIPTION
How to manage business challenges in your corporation?TRANSCRIPT
Group 7
NOWACO A/SLin, Alexandre, Rabi & Rabin
04/12/2023 Lin, Alex, Gurudattta & Rabin 2
Introduction
Problem statement
Interpretation & limitations
Scope
Methodology
Data collection method
Criticism of methods
Analysis of 4 challenges
Evaluation
Final Conclusion
CONTENTS
04/12/2023 Lin, Alex, Gurudattta & Rabin 3
Company introduction
• NOWACO A/S
• Business areas: Producing and trading frozen food & foodstuffs worldwide
• Frozen food: Pork, poultry, beef, fish & sea foods, vegetables and dried foods
• Fish factory in china and trading offices in 11 countries
04/12/2023 Lin, Alex, Gurudattta & Rabin 4
Problem statementWhat's NOWACO's current business process and strategy? How company manages to meet following challenges now or in the future?
1) How can NOWACO contribute to environmental sustainability in managing their business?
2) How can NOWACO improve their social responsibility in managing their business?
3. How can NOWACO employs shared information through the learning organization?
4. How can NOWACO integrate globalization and glocalization on managing their global supply chain?
04/12/2023 Lin, Alex, Gurudattta & Rabin 5
Interpretation & limitations
• NOWACO A/S fulfils all the requirement of semester projects
• Information's are limited for not allowing to contact company
• Business law and organizational management are not included in the project among the courses taught in 1st semester
04/12/2023 Lin, Alex, Gurudattta & Rabin 6
Scope
Gives general overview of the company's business processes and solutions to the
business challenges we decided to work on
04/12/2023 Lin, Alex, Gurudattta & Rabin 7
Research onion
Benchmarking
Whale curve & ABC
analysisLean principle
Implement new strategies Overview of company's business process and
strategy
Optimizing supply chain Most profitable customers and suppliers
To structure the project
How future supply chain should be
John R. Schermerho
rn model
Bridge to profit
Models
Methodology
04/12/2023 Lin, Alex, Gurudattta & Rabin 8
Data Collection Method
1. Secondary/desk research
2. Search engines: data monitor, market line, OECD and different academic journals, reports and articles
04/12/2023 Lin, Alex, Gurudattta & Rabin 9
Criticism of methods
Project is entirely based on
secondary data
Project is entirely based on
secondary data
Suggestion for quantitative
research
Suggestion for quantitative
research
Reliability of Internet source
Reliability of Internet source
04/12/2023 Lin, Alex, Gurudattta & Rabin 10
The analysis
Customer interface: Strong relationship, exhibition, worldwide representative office
Core strategy: Guaranteed quality and delivery on time, trading and distributing broad multi-temperature product range globally
Strategic resources: Extending and financing deals for the company as a whole
Value network: 9 representative offices worldwide, administration, shipping and finance in Denmark, most raw materials from north America
04/12/2023 Lin, Alex, Gurudattta & Rabin 11
Environmental sustainability
Analysis based on sister company “Bidvest food business”
Commitments: Achieved ISO 20000, reduce green house effect, use of renewable energy resources, support to partners for supply chain
Hypothesis: Applied ISO 20000 and ISO 14064
Bidvest long-term issues: Reduce environmental impacts; particularly carbon impact, healthier and sustainable foods, robust information on food labelling, demand for local and seasonal product
04/12/2023 Lin, Alex, Gurudattta & Rabin 12
Social responsibility
• Buy pieces that aren't genetically modified, farmed in sustainable environment and grown without growth hormones
• Efficient wastes management e.g. delivering parts of chicken and pork's to china from Europe
• Threats of bad Labour image and stereotypes about those (BRIC) countries
04/12/2023 Lin, Alex, Gurudattta & Rabin 13
Globalization & Glocalization
Markets: Suppliers:
04/12/2023 Lin, Alex, Gurudattta & Rabin 14
Growth expected
2015
2015
2010 ~ 2015
2010
Packaging: chilled processes, frozen processes and canned/preserved; flexible, looking attractive, looking better convey an image of freshness and quality
Distribution centre: 67.7%-supermarkets, 17.2% independent retailers, 17.2% convenience store, china, Russia and Indonesia shows market growth
Frozen meat accounts 41.3% of market’s value, brazil food S:A., Nestle S.A. & H.J. Heinz consist market share 5%, 2.8% and 1.9%
Market grow by 3.5% and expected to be 14.5% in 2015, Europe, Asia pacific and America consist 3 biggest market segment
Global frozen food market
04/12/2023 Lin, Alex, Gurudattta & Rabin 15
Knowledge - sharing
Case with Russian customerHelped him to send raisins back from Afghanistan to Russia and bought one sort of raisins from him while selling other sorts to him
Case with Chinese customerVisiting at Danish slaughterhouse came up with the idea of selling non used parts of chicken and pork's to china which is considered to be delicacy in Europe
04/12/2023 Lin, Alex, Gurudattta & Rabin 16
Learning organization practice
• Working for better performance and quality control
• Long-lasting partnerships, having flexible human resources wellness and keeping employee healthy
• Incentives to the employees such as healthy lunch, fresh fruits, in house exercise class etc.
04/12/2023 Lin, Alex, Gurudattta & Rabin 17
The evaluation
Explains what NOWACO can do about these challenges and how they can implement the
suggestions that we have presented
04/12/2023 Lin, Alex, Gurudattta & Rabin 18
Environmental sustainability
• Customer awareness: Follow cradle-to-grave policy, label on how to dispose or recycle
• Benchmark: Benchmark for being environmental sustainable
• Work force: Train employees for being environmental sensitive, alternative travel arrangement, work from remote
• Logistics: Implement LEAN thinking for reducing wastes and CO2 emissions
04/12/2023 Lin, Alex, Gurudattta & Rabin 19
Social responsibility
• Example with the frozen fish delivered to Qingdao: cuts logistics part thus reduce environmental impact
• Apply ISO 26000
• Sign up for, principle for responsible investment(PRI)
• Write code of conduct
04/12/2023 Lin, Alex, Gurudattta & Rabin 20
Globalization & Glocalization
• Logistics perspectives: Plan to handle implications of international logistic; inventory, handling and transport
• Risks management of geographical threats and transport breakdowns
• Evaluate multiple modes and cost options
• Apply LEAN thinking for reducing supply chain cost, improve quality and to get rid of 7 wastes
• Choosing right customers; ABC calculation and benchmarking
04/12/2023 Lin, Alex, Gurudattta & Rabin 21
Sharing knowledge
Create global virtual team
04/12/2023 Lin, Alex, Gurudattta & Rabin 22
How to create learning organization
• Mechanical system design --> Natural system design
• Awareness: Importance of it, from top management to blue collar workers
• Organization structure: Flat structure encourage innovations, openness, reflectivity
• Leadership: Help to guide the organization towards learning
• Empowerment: Empower employees & make responsible for their own work
• Learning: Flexible and encouraging organization so that people feel free to learn from the mistake
04/12/2023 Lin, Alex, Gurudattta & Rabin 23
Final conclusion
Environmental sustainability: Apply ISO 26000 cutting unnecessary transport, code of conduct to implement
Social responsibility: Cradle to grave policy, make employee aware of green cause, benchmark against competitors
Globalization and glocalization: Apply LEAN thinking, benchmarking for optimizing performance, strategy for future growth expected
Knowledge sharing: From mechanical to natural system design
Future scenario: 14% grow in 2015, constant growth over the period
Lin, Alex, Gurudatta & Rabin
Group - 7
Thank – you