Comment on the interrelationship between external forces such as globalization, economics, technology and the environment, and internal influences on business and society including governance and corporate citizenship (CSR), consumer protection, employee rights and responsibilities, and workplace diversity.

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Sixta KovacekLv2

28 Apr 2019

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Using Wal-Mart as example, describe where on the best practice frontier Wal-Mart would lie and why.

See example below and write on Wal-Mart

PepsiCo- Diversify

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PepsiCo, Inc. is a global food and beverage leader with net revenues of more than $5 billion and a product portfolio that includes 22 brands that generate more than $1 billion each in annual retail sales. It engages in the manufacture, marketing, distribution, and sale of beverages, foods, and snacks. It operates through the following segments: Frito-Lay North America; Quaker Foods North America; North America Beverages; Latin America; Europe Sub-Saharan Africa; and Asia, Middle East, and North Africa. The Frito-Lay North America segment markets, distributes, and sells snack foods under the Layâs, Doritos, Cheetos, Tostitos, Fritos, Ruffles, and Santitas brands.

The best practice frontier represents the efficient use of resources regardless of what a firmâs strategy may be. At PepsiCo, it is integrating sustainability into its business strategy, leaving a positive imprint on society and the environment. PepsiCo calls this Performance with Purpose. It focuses on three pillars of sustainability: Human, Environmental, and Talent. These elements give PepsiCo a competitive advantage. PepsiCo is working to improve the nutritional profile of its products and offer a wider selection of nutritious foods and beverages in response to growing consumer demand. It also works to clearly label what is in its products. It is striving to reduce its impact on the environment by conserving energy and water and reducing packaging volume. It creates a safe, healthy, diverse, and inclusive workplace that reflects the global communities in which the company operates. PepsiCoâs strategy displays Porterâs five forces accounting for a companyâs success.

PepsiCoâs water stewardship is amazing. It conserved nearly 16 billion liters of water through the application of water-saving equipment and technologies, creative recycling and re-use, and by deploying a water management system throughout its manufacturing facilities. PepsiCo reduced water and energy related costs by more than $45 million in 2011. PepsiCo is one of the largest agricultural companies and many of its products depend on agricultural raw materials. It globally grows or sources several million tons of fruits and vegetables: 4 million tons of potatoes for its Lays brand; 3 million tons of oranges and other fruits and vegetables for Tropicana, Naked Juice and SoBe brands, and 600,000 tons of oats for Quaker. PepsiCo is working with suppliers â especially farmers â to help them manage and reduce their energy and water use and emissions. As it continues to expand in markets and regions, sustainable agriculture will continue to play an important role in its business model. Hence, PepsiCoâs three pillars of sustainability give it âmarket powerâ with respect to customers and suppliers.

In addition, as one of North Americaâs largest fleet operators, PepsiCo utilizes all-electric and hybrid trucks, and uses alternative fuels to increase efficiency and cut emissions. Overall, PepsiCoâs expertise, size, and engagement with stakeholders around the world position it to make a meaningful difference in some of todayâs most pressing issues, creating efficiencies and positive changes in areas where the company works. Moreover, it effectively manages the interrelationship between agriculture, climate change, energy, and water in seeking long-term businesses growth.