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Chapter 1: Q 2PE (page 22)

A strategy that meets the needs of shareholders and employees and that preserves the environment.

Short Answer

Expert verified

Triple Lines Bottom approach satisfies the requirements of both shareholders and employees while also preserving the environment. It refers to a company's economic, employee, and environmental dynamic management plan.

Step by step solution

01

Step by Step SolutionStep 1: Introduction

A strategy is a collection of plans, activities, and goals that describe how a company will compete in a certain market, or markets, using a product or some goods or services.

02

Analyze the strategy that meets the requirements of shareholders and employees.

To remain sustainable and profitable in the long run, a firm must strike a balance between these three factors.

  1. A firm must preserve sustainability by not harming the environment and maintaining a positive employer-employee connection.
  2. A corporation must make the best use of its resources by saving for the future and cost-effectively utilizing resources.

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Most popular questions from this chapter

Which phase of the generic development process involves the construction and evaluation of multiple preproduction versions of the product?

Question: Live Trap Corporation received the data below for its rodent cage production unit. Find the total productivity.

Johnson Industries received a contract to develop and produce four high-intensity long-distance receiver/transmitters for cellular telephones. The first took 2,000 labor hours and \(39,000 worth of purchased and manufactured parts; the second took 1,500 labor hours and \)37,050 in parts; the third took 1,450 labor hours and \(31,000 in parts, and the fourth took 1,275 labor hours and \)31,492 in parts. Johnson was asked to bid on a follow-on contract for another dozen receiver/transmitter units. Ignoring any forgetting factor effects, what should Johnson estimate time and parts costs to be for the dozen units? (Hint: There are two learning curves鈥攐ne for laborand one for parts.)

Match the following product types to the appropriate product development description.

Technology-push products A. Entail unusually large uncertainties about the technology or market. The development process takes steps to address those uncertainties.

Platform products B. A firm with a new proprietary technology seeks out a market where that technology can be applied.

Process-intensive products C. Uses a repeated prototyping cycle. Results from one cycle are used to modify priorities in the ensuing cycle.

High-risk products D. The production process has an impact on the product properties. Therefore, product design and process design cannot be separated.

Quick-build products E. Products are designed and built around a preexisting technological subsystem.

Question: Pick a company that you are familiar with and describe its operations strategy and how it relates to winning customers. Describe specific activities used by the company that supports the strategy (see Exhibit 2.3 for an example).
See all solutions

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