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COMM 103 (78)
Lecture

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Department
Commerce
Course
COMM 103
Professor
Gregory Libitz
Semester
Fall

Description
business management chapter notes 12/09/2012 3:13:00 PM Chapter 1 An efficient/effective operating platform will possess the 3 following characteristics against which it can be assessed: COMMERCIAL ENDEAVOURS o The market it serves o Products/services offered o Needs that must be met in the marketplace o Reflects comprehension of supply/demand, price/cost EMPLOYEE INTERACTION Specialized skills, labour force, creates value and enables transactions to occur = profit ORGANIZATIONAL EFFICIENCY/STRUCTURE Reflective development of infrastructure Transaction processes developed in order to service the marketplace targeted Assets infrastructure and resource base of company (raw materials, brandpower, etc) Labour human resource requirements Capital money needed to support asset based expenditure Managerial Acumen managerial staffs ability (visionary leadership) 3C Assessment capabilities, competencies, capacity (analyze available resources = enables management to make decisions Value Proposition summarizes who a product is geared towards and benefits the purchaser will receive Asset based expenditures expenditures you incur in commencing a business operation/expanding its capacity Operating expenditures expenses incurred as a result of typical business activities S pecific M easureable Setting objectives which will enable a company to A ctionable achieve a defined position in the marketplace C ontrollable management chapter notes 12/09/2012 3:13:00 PM Canada uses too much water Lack of widespread water conservation practices- agriculture recycles less than 30% Price of water is significantly less than what it should be Businesses need to transition from compliance eco management approach to a sustainable business strategy approach Sustainability challenge Climate control- increase climate impact crop yield Capital squeeze Resource depletion Population and health Energy crunch Building a reduced-carbon economy Improving energy efficiency Decarbonizing the energy supply Human behaviour modification Biodiversity Transportation diversity Factors impacting energy supplies Poltical impact Rate of new discoveries Decline in current production Current supply development constraints Cost of capital- intrest rates will increase as the demand for capital, for investment purposes, exceeds the supply Financial protectionism-countries with surplus seek to keep their capital for internal and external investment to provide them with a competitive edge Capital Squeeze Global demand for capital expected to increase Consequences of massive capital infusion and projected capital shortfall are as follows: Access to capital will be difficult (due to low savings rates of citizens and increasing need of developing economies to use their capital for internal issues not elsewhere) Citizens save less, spend more Cost of capital will increase as demand for capital exceeds supply Financial protectionism (above) The END RESULT : Inability to gain access to needed funds may result in growth slowing, scarcity of capital my also increase the gap between rich and poor countries Trade MANAGEMENT o Shifting the impact of trade and economic development away from environmental degradation to a process which exists in an area of economic sustainability o To achieve SUCCESS: global market participants must Agree to pay the social cost (will not work with companies who refuse to do so Support and respect pricing policies which reflect the full cost of expenses incurred in order to achieve environmental sustainability Block the ability of market players from obtaining and leveraging a competitive advantage as a result of efforts to avoid environmental costs (equal playing field Eco Efficiency Management Shifts required to maximize efficiency of our resources ulitization and minimize/eliminate current degradation RESOURCE MANAGEMENT waste disposal Goal is to create sustainable resource management while still manufacturing an economically viable product Long Term Benefits of Environmental Sustainability Improved corporate image, regulatory compliance BENEFITS Pricing power Enhanced efficiencies (greater long term operating efficiencies lead to high margins, lower cost base = competitive advantage) Customer retention (loyalty, leverage to increase revenue) Stronger employee base Strong environmental management New business options (new skill development) Steps to Assessing a Companies Sustainability Define sustainability Identify OT, gaps Build the business case >will highlight gaps/risks Establish targets Commit the resources Peak model theories suggest that the finite supply of non renewable resources is coming to an end Cost of capital interest rates
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