Supply Chain Sustainability at Gsk - 4373 Words

INTRODUCTION In our report, we will be discussing on one of the major driving force for the long-term profitability and competitiveness of a firm, i.e. Sustainable Supply Chain Management. This has become one of the most recognized strategic goals by the leading global organizations in the world. Sustainability in Supply Chain Management refers to the fact that organization should not only fulfill the wants and expectations of their stakeholders, but also avoid actions that reduce the ability of the interested parties, including the future generations to meet their needs. In order to elaborate, how a leading global organization takes Sustainable Supply Chain Management as a strategic goal, we have prepared our report on GSK’s†¦show more content†¦In a nutshell, a sustainable supply chain is one that includes measures of profit and loss as well as social and environmental dimensions. Such a conceptualization has been referred to as the triple bottom line—financial, social, and environmental performance (Elkington 1994, 1998; Kleindorfer, Singhal, and Wassenhove 2005). Therefore, for a company to pursue sustainability they cannot pursue financial or social initiatives in a vacuum. Instead, it is strongly recommended that supply chain managers link environmental, social, and financial goals within a broader strategy to ensure the business pursues sustainability rather than philanthropy. Business success can no longer be measured by only financial performance, as other aspects are critical to long-term success. Researchers such as M arkley and Davis (2007) discuss how businesses should not just be measured by traditional financial measures, but also by their social/ethical and environmental performance. These concepts revolve around the idea that companies managed and evaluated using the triple bottom line may have a better likelihood of long-term success. Most of the research done on Supply Chain Management looks at it from a`one-dimensional perspective, looking at it as one of the three pillars of sustainability: social, economic and environmental, also known as the Triple Bottom Line view. Geldermann et al. (2007b) argues that an appropriate innovation and technologyShow MoreRelatedTaking a Look at the Ribena Controversy1545 Words   |  6 Pagescheaper rival brands (Vasagar, 2007). The girls trigged a series of events that led to GSK pleading guilty of breaching the Fair Trading Act to the New Zealand Commerce Commission (Regester and Larkin et al., 2008). A year after, the intensity of the issue died down but Ribena’s â€Å"breach of trust† is still in the mind of Australasian consumers. Ribena sales dropped by 12%. By this time, Ribena and parent company GSK should have realized that their system have weak spots that needs to be analysed andRead MoreGlaxosmithkline18561 Words   |  75 PagesAmsterdam, October 200 4 Summary Business description GlaxoSmithKline (GSK) is one of the world’s largest research-based pharmaceutical corporations that discovers, develops, manufactures and markets branded human health products. Headquarters: UK, with additional operational headquarters in the USA Global presence: about 160 countries Primary markets: USA, France, Germany, UK, Italy and Japan Employees: approximately 103,000 GSK key figures for 2003 (in  £ million) Sales 21,441 Materials and productionRead MoreCase Study : Green Supply Chain Management1349 Words   |  6 PagesGreen Supply Chain management refers to the organizational innovations and policies in supply chain in view of sustainable environment. It involves multiple objectives of social, economic and environmental sustainability and integrating environmental thinking into SCM (supply chain management). In most cases, it is implemented to comply with new regulations and enhance the company’s brand image. Some Companies including GSK , Nike, Adobe are impl ementing this well into their supply chain. Adobe launchedRead MoreThe Potential Benefits Of Social Investments Essay1649 Words   |  7 Pagesaccess to medicine all around the globe. Perhaps what has made the company such a success for the past 120 years is the pursue of social ends at the very core of their mission. Following the integrative model of CSR with huge emphasis on long-term sustainability, Merck’s core values have been driven by the desire to improve life, expand access to products and operate with highest standards of integrity. Besides that, the company conducts annual CSR assessments to better understand their economic, environmentalRead MoreGsk Annual Report 2010135604 Words   |  543 PagesP58–P101 Financial statements P102–P191 Shareholder information P192–P212 Business review 2010 Performance overview Research and development Pipeline summary Products, competition and intellectual property Regulation Manufacturing and supply World market GSK sales performance Segment reviews Responsible business Financial review 2010 Financial position and resources Financial review 2009 Risk factors Governance and remuneration Our Board Our Corporate Executive Team Governance and policy DialogueRead MoreArisaig Investment Letter6815 Words   |  28 Pagescontinent’s fastest growing country, and in particular food and FMCG business Alicorp and our new holding, the recently listed retailer, InRetail. In our ESG section Rebecca Lewis describes early findings from her pioneering efforts to develop a Sustainability Profit and Loss account for each of our holdings. ï‚ · ï‚ · ï‚ · What we look for in our stocks ï‚ · Market leadership – dominant companies tend to do better; ï‚ · Scalability – large target markets; ï‚ · Strong â€Å"moats† – brands, distribution, innovation;Read More3m Pharma Health Care Market Analysis19832 Words   |  80 Pagesbehind its competitors * Changing value chains: the firm must respond to changing customer needs * Technology shifts: the firm s core is outdated because of new technology * Emerging markets: new markets are available to the firm because of rapid changes in technology and customer demand In case of catch-up building new skills and catching up rivals are key for companies (Baden-Fuller and Stopford, 1994 ). When there are changing value chain economics old critical core competencies becomeRead MoreJohnson and Johnson Analysis9749 Words   |  39 PagesJohnson’s patent expirations are another weakness. Johnson and Johnson for 2009 lost an estimate $3 billion in sales from just two patent expirations; RISPERDAL ® and TOPAMAX ® (JNJ 2009 Annual Report). Over the past several years have seen the surging supply of generic consumable products (i.e. retail brands) and prescription drugs. Compounding this increase in generic consumption is the current economic conditions and purposed healthcare plan for all Americans. Taking these conditions into considerationRead MoreShort Cases19708 Words   |  79 Pageswarehousing. Its MM21c short cases:MM21c-front matter 12/23/08 12:59 PM Page 6 6 MANAGING MARKETING IN THE 21ST CENTURY well-developed distribution network provided direct delivery to warehouses and stores of most major food chains. The smallest market segment comprised a limited number of institutions for children that purchased HFP products in bulk. HFP had grown rapidly as it developed different infant food products to meet increasing demand for greater product variety. ForRead MoreCase Study148348 Words   |  594 Pages6 text and on-line Chapters 7 , 8, 10 and on-line Week 9 Week 10 Week 11 Chapter 9 Chapter 11 text and on-line Table 4. Workshop topics Workshop 1 Analytical focus Business environment: PESTEL, Five-Forces Organisational resources: value chain, strategic capability Organisational context: stakeholders, corporate governance, culture Preparation Case Example Chapter 2. Global Forces and the European Brewing Industry Case Example Chapter 3. Dyson Case Example Chapter 5. RED 2 3 18  © Pearson

History Of Ice Cream As Cream - 1614 Words

History of Ice – Cream Ice-cream has a very long history about its origin and manufacturing in the international market. Ice-cream, way back in 1670, a sicilian, named Francisco Procopius, opened a cafe in Paris (France) and began to sell ice s squashes and this is how the life of ice cream began. Than the innovative changes market was came to existence. They came directly with deep freezers. In early times, the ice cream were practically frozen drawn off into packages and frozen solid or hardened. But after 1939, suit ice-cream was invented. It was served directly from the freezers without being allowed to harden. In India, the ice-creams become popular and famous of the end of 18 century. Than the ice-cream was made at homes from pure cow/buffalo milk s and ice-cream machine had been developed for home use. It is comprised of a wooden bucket with a metal (aluminum) jar and a chummier and handle. The ice-cream made at aroma. Though not so smooth as what we have got today, but it was delicious and yummy. Today, the story is totally different. We have large number of mega companies, manufacturing ice-creams in astonishing verities of flavors’, color shapes, maintaining the quality. Today ice-cream industry holds an important segment of industrial activity in food-based industry in the country. It provides nutritious treat to self guest as the best follower of cold drinks. Now-a-days most of the parties and functions are treated with ice-creams. And in India itsShow MoreRelatedThe History Of Ice Cream1588 Words   |  7 Pagespaper July 30, 2017 The history of ice cream Ice cream is the most popular dessert in the world. People from different places have their own myths about who invented the ice cream. It is hard to tell where or when exactly it was discovered because there is not a lot of evidence. Some people say the ancient Romans invented ice cream, others says that Marco Polo brought the discovery back to Italy from China. We most likely will never know who first discovered ice-cream or where but it is obviousRead MoreEssay on We All Scream For Ice Cream927 Words   |  4 Pages We All Scream For Ice Cream Who in their right mind could say no to the irresistible taste of ice cream? Being one of my most favorite snacks, I will admit that a carton of ice cream never stays in the fridge for more than a week. I can remember always having ice cream as a very special treat when I was younger, mostly chocolate and vanilla. Nowadays there are so many flavors of ice cream from simple chocolate to cola flavored. Ice cream may not be as popular as you think it is so here areRead MoreWe All Scream for Ice Cream966 Words   |  4 PagesWe All Scream For Ice Cream Who in their right mind could say no to the irresistible taste of ice cream? Being one of my most favorite snacks, I will admit that a carton of ice cream never stays in the fridge for more than a week. I can remember always having ice cream as a very special treat when I was younger, mostly chocolate and vanilla. Nowadays there are so many flavors of ice cream from simple chocolate to cola flavored. Ice cream may not be as popular as you think it is so here areRead MoreMagnolia Ice Cream1098 Words   |  5 Pages[pic] This is the Magnolia Ice Cream Plant. It is the cornerstone of Magnolia’s legacy in making the finest ice cream in Philippine history†¦ A symbol of Magnolia’s commitment to provide families with products and services of superior quality and excellent taste†¦ A showcase of the best equipment and technology in ice cream production... Home to highly-driven individuals dedicated to continue making Magnolia Ice Cream a world class name and an integral part of the Filipino’s richRead MoreDippin Dots Case Analysis1067 Words   |  5 PagesPietrosanti Case Study Analysis- Dippin’ Dots Ice Cream Summary and Recommendation: Dippin’ Dots is a very well known brand that has done very well since its first introduction into the ice cream industry. In order to expand, they need to be able to have an introduction of a take-home line of ice cream. Background Facts: Dippin’ Dots are known for their â€Å"ice cream of the future.† Dippin’ Dots are BB size pellets of flash frozen ice cream, frozen with liquid nitrogen, which locks in bothRead MorePESTEL, 5-Forces, Ice-Fili Essay1533 Words   |  7 Pageson p.5) Political 1) From 1991-1998 No longer anti-alcohol campaign to boost ice-cream industry. Ice cream industry had to complete with substitute products. 2) Since 1998 Financial Crisis, Russian rubles devalued by two-thirds. Russians cannot afford foreign products and companies relied more on national suppliers. 3) 1999 VAT raise. Fruit-based ice-creams and popsicles raised to 20% VAT. Consumer buy less ice-cream because of elastic demand, revenue is less. Economical 1) Privatized companiesRead MoreThe Russian Ice Cream Industry1649 Words   |  7 PagesI. How structurally attractive is the Russian ice cream industry and how is it likely to evolve? The attractiveness of the ice cream industry in Russia is based on various factors including its growth potential and market opportunities (i.e. consumption of ice cream in restaurants, cafes, supermarkets, and or households) and economic and financial stability in Russia. Due to the financial crisis in 1998, the ice cream industry realized a sharp decrease in consumption coupled with increased productionRead MoreHaagen Dazs Marketing Plan1213 Words   |  5 Pagesuse to ice-cream such as ice-cream and cakes, Haagen-Dazs hopes create moon-cake makes by ice-cream. It is because the Moon Festival is a lot of people to buy ice- moon cake, so Haagen-Dazs is need to important with ice-cream moon cake. The china marketing research is said that more than one of third people is like moon cake, however, the history of moon cake is start to going to dogs market, and it is because the moon cake is very fat, so that a lot of manufacture starts to make ice-cream moonRead MoreIce Fili 5 Forces 1376 Words   |  6 Pagesstudy 3: Competitive Advantages Ice-Fili: Ice cream market in Russia Here is a rà ©sumà © of the Five forces model of the ice cream industry in Russia: Threat of new entrants High Threat of substitute High Bargaining power of supplier Low Bargaining power of customer High Rivalry among competitors High â€Å"What are the potential sources of competitive advantage in the Russian ice cream market?† How do customers buy? - Russians consume 2.5 kg of ice cream compared to the 16 kg in the USARead MoreIce-Fili Swot Analysis1596 Words   |  7 PagesIntroduction Ice-Fili is currently competing in Russia’s ice cream industry. Although they have expanded to other products such as margarine and mayonnaise they will continue to focus on their core product line, which is ice cream. The reasoning behind this is that their ice cream production constitutes the majority of their profits and it is what Ice-Fili is most skilled at. The short-term and long-term corporate goals of Ice-Fili are relatively similar in that they both are concerned with

A Necessity of Business Model for Gross Profit- myassignmenthelp

Question: Discuss about theA Necessity of Business Model for Gross Profit. Answer: A business model is the model which helps to enhance the profit of the organization by enhancing the productivity of the operations department. It has two components cost and price. The first step of profitability is gross profit. The main focus of gross profit is on costs only not on expenses. The main aim of business model is to force the company to do only business instead of managing efficiency. The businesses that consider business model in its business attract many customers towards business because business model is the proof that no large scale of guidance is needed. Business model is likely to be innovation. The main purpose of business model is to produce the profit within the organization (George Bock, 2011). With the efficient use of business model, business can overtake and become able to replace the established company. There is need to find the innovative business model for established business so that they would become able to grow their position in the competitive e nvironment. There are nine blocks will be demonstrated regarding business model. It will describe the way that how business can utilize this 9 models without observing the elements of complication such as strict rules, hierarchy, over workflow and system. It will describe according the real experience and research on substantial literature, 9 models of business model will be describing below: Value proposition Segments of the clients referred by value proposition Communication and distribution channels Relationship with clients Key sources for business model Key activities for business model Key partners for business model Revenue streams Structure of cost Figure 1: Business model Source: (Osterwalder, n.d). The classification of business model and archetypes elaborates various types of business model completely or partially. It is a research which main focus on effective understanding of the concept of model because of its nature of practical approach. The archetypes can be applied for the purpose of fomation, design and management of business model (Zott, Amit Massa, 2011). The description of archetypical of a business model should at least define the customers, value proposition, economics dimension, organizational architectures, value creation and innovation process to provide a comprehensive understanding of how business can create a systematic way to create a customer value (Wirtz, 2011). Figure 2: business model archetypes Source: (Bohm, 2015). There are seven archetypes which are abstractions that demonstrate the basic behavior of business relation to each other. Since they are abstractions, it might not be evident of applying them. Each archetype has been attributed by two prototypes to describe their applicability. A prototype is an indication of the archetype that show an actual business model which is likely observed in real life. For instance, it can be seen that e-commerce and lead generation are the example of prototype of trade archetype (Lambert Davidson, 2013). Both kinds of companies are able to bring together buyer and sellers, and make money by providing efficient services to the customer. In the referring to the notion of an electronic business archetype, business model as an activity system and cost revenue architecture involved depth description of business model archetypes indicates interesting business models of well developed organization (Chubb, Reilly, Brown, 2011). For instance, internet has been ri sen in all over the world, the attention regarding e-business model has been increased, which later on become refined to pure play models (Itami Nishino, 2010). The classifications of business model and archetype are considered as most important for the conceptualization of business models because they are more empirical in comparison of any frame work. It has been analyze that there can be two major issues in an organization such as static and dynamic issues. Static issues are considered as long term on the other hand the natures of dynamic issues are forceful (Fielt, 2013). The business model is dependent upon the nature of business. Business blocks of business model will be helpful to fix the issues of static and dynamic appropriately. Business model will facilitate to recognize the process as per innovation. It is able to find out the issue in the organization and provide better solution to rectify those issues sooner. There are various aspects which may bring amendments in the business model. They can be over served customers, commoditization, less productivity in the field of innovation and less opportunities for developing business fr om external area (DaSilva Trkman, 2014). Business system is made up of learning system and delivery system. On the basis of their conceptualization, profit model is considered as the assumptions of decision maker that organization will gain definite profit in certain period. The system of business focuses on the demand of the target customers and delivers appropriate services quality and products to customers. Business model in the form of system consist profit model and business model as well. The company of Google is worth example for it. Google has profit model and the characteristics of it is that the service user of this organization are not liable to pay the single penny to the service provider. The main focus of Googles profit model is to provide the services of free charge to their users who utilize the services of Google. Apart from that the business system of Google is elegant. Due to providing effective services not only to their customers but also to their staff, employees do not want to switch. It is the more e ffective point of Googles business model that it makes updated its employee regarding amendments and does quick response on query. The values of Googles profit model are visible. It is necessary that the business model should be attractive so that outsider can observe it immediately, Googles have attractive model. It has twin roles of business system first one is pretending to job for perceiving the strategic differentiate intend of firm. Secondly, it takes immediate action for learning for the growth of business further. A business context is specialized vocabulary which is employed. It can include individual organization, a huge community of business or a single handed project. The business context are customer, terms, location, market type, relative IT content of products and relative business dependence on IT. These all elements of business context are inevitable. There are emerging IT and traditional IT and within each environment, the range of the scope of the view can differ broadly since each environment might deploy a mixing of huge and small changes (Sanchez Ricart, 2010). In emerging environments, changes can be done due to introduction of new technology and up gradation of services which enhance the features functionally which is having the nature of inevitable. In traditional environments, amendments can be done like an up-gradation of operating system or enterprise resourcing planning change for the implementing of localized the applications of line of business. It has been concluded that innovation and sustainable business is important for the business. A model of the business demonstrates the logic value of an organization in order to create and capture the customer values. Business model is considered as the key element which is providing services towards improving the condition of an organization. In this report business architect model has been discussed. It has been found out that business model mention the logic of value of an organization and it represents concisely by an interconnected set of elements that indicates the proposition of value, innovation process, value creation, organizational architecture and business context. However, there is more perspective of strategic which is necessary to understand the value capture and the value of business. Moreover, meanwhile the focus of business model is on the organization, in that focus the network of the business should be involved. References Bohm, J. (2015). Business Model Archetypes for Utilities-A Resource and Stakeholder Perspective (Doctoral dissertation). Chesbrough, H. (2010). Business Model Innovation: Opportunities and Barriers. Long Range Planning, 43(2-3), 354- 363. Chubb, C., Reilly, P. Brown, D. (2011). Retrieved on 19th April 2017 from: https://www.employment-studies.co.uk/system/files/resources/files/mp90.pdf. DaSilva, C. M., Trkman, P. (2014). Business model: What it is and what it is not. Long range planning, 47(6), 379-389. Demil, B., Lecocq, X. (2010). Business Model Evolution: In Search of Dynamic Consistency. Long Range Planning, 43(2-3), 227-246. Fielt, E. (2013). Conceptualising business models: Definitions, frameworks and classifications. Journal of Business Models, 1(1), 85. George, G., Bock, A. J. (2011). The Business Model in Practice and its Implications for Entrepreneurship Research. Entrepreneurship Theory and Practice, 35(1), 83-111. Itami, H., Nishino, K. (2010). Killing two birds with one stone: profit for now and learning for the future. Long Range Planning, 43(2), 364-369. Lambert, S. C., Davidson, R. A. (2013). Applications of the business model in studies of enterprise success, innovation and classification: An analysis of empirical research from 1996 to 2010. European Management Journal, 31(6), 668-681. Sanchez, P. Ricart, J. E. (2010). Business model Innovation and sources of value creation in low-income markets. European Management Review (2010) 7, 138-154. Wirtz, B. W. (2011). Business model management. DesignInstrumenteErfolgsfaktoren von Geschftsmodellen, 2. Zott, C. Amit, R. Massa, L. (2011). The Business Model: Recent Developments and Future Research. Journal of Management.