Stakeholder Reflection exercise

TEMPLATE ASSESSMENT ITEM 1

 

ASSESSMENT ITEM 1: Stakeholder Reflection exercise

 

 PART A Summary Templates

UNIT 1 : Sustainable business development
Media Article/ Report  Reference (Author, Date, Title of Article/ Report, Source):

Coop Bank of United kingdom, accessedAugust15, 2013, http://www.iisd.org/business/viewcasestudy.aspx?id=118

DESCRIPTION:

What is the main point of the media article or report?

The main point is to elucidate how a corporate can focus on making the life of its client better and preserve the environment while at the same time making profit.

RELEVANCE:

How does this relate to the class materials?

This article is relevant to the class material in that it focuses on one of the areas of making a corporate sustainable by its involvement in the green campaign to preserve environment and maintain a good image to the public.

REFLECTION:

What are my thoughts and opinions regarding this article or report?

In my opinion, i think this article is enlightening on how we can focus on the business stakeholders and eventually end up with profits and the future of the company is assured since it is closely linked to its support system

UNIT 3: Compliance and sustainability
Media Article/ Report  Reference (Author, Date, Title of Article/ Report, Source):

Cuong Tat, August 8, 2013, Document management: ensuring safety and compliance in the oil and gas industry, Accessed August 15, 1013, http://digitalbusiness.blogs.xerox.com/

DESCRIPTION:

What is the main point of the media article/ report?

The foremost thing highlighted in this article is the effect compliance can have in an organisation. compliance to the regulations can reduce the costs associated with non compliance

RELEVANCE:

How does this relate to the class materials?

This article is appropriate for class material because it focuses on the importance of compliance as a means to achieve sustainability of the business.

REFLECTION:

What are my thoughts and opinions regarding this article/ report?

I understand that non compliance can be sometimes so costly to a business. To comply with HSSE regulations can save the business a lot of losses which could have been incurred in compensation and restorations.

UNIT 4: Sustainable Efficiencies

Media Article/ Report  Reference (Author, Date, Title of Article/ Report, Source):

Pilita Clark, August 8, 2013, Renewables; A Rising Power.  Accessed August 15, 1013, http://www.ft.com/intl/cms/s/0/a41d86b4-ff9c-11e2-a244-00144feab7de.html#axzz2c2VGM7vT

DESCRIPTION:

What is the main point of the media article/ report?

This article concentrates on the benefits of efficiency to a corporate. A business that creates efficiency will be more profitable and more sustainable.

RELEVANCE:

How does this relate to class materials?

This relates to the class work in that use of solar power which is renewable is less costly and can help a business in reducing its powering costs and increase its profitability and ultimately its sustainability.

REFLECTION: What are my thoughts and opinions regarding this article/ report?

I think efficiency can aid in improving profitability of the company by reducing cost of production or by increasing the output of the organisation without adding to its cost.

 

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