Sustainable Value Portfolio Research Paper Example | Topics and Well Written Essays - 1500 words

Sustainable Value Portfolio - Research Paper Example The research paper "Sustainable Value Portfolio" overviews the sustainability concepts. Sustainability in business refers to the focus an organization puts on the impact of its activities on the environment, economy, and society and can take different concepts, for example, a balance in the operational concepts of a business. An examination of the sustainability value portfolio between Toyota and Hyundai reveals that Hyundai has the best portfolio in terms of sustainability value. To enhance sustainable management issues, Hyundai has put the effort in ensuring awareness among the executives and the staff members concerning sustainability, by ensuring an effective communication system. The company has created a wide sustainable management culture. To enhance sustainability, the company has put in place a global reporting initiative. It has also taken into consideration the social, environmental and economic factors necessary to ensure the performance of the business. Hyundai has also proved to have the best portfolio in terms of sustainability through their stakeholder participation. The company has made a classification of its stakeholders into staff members and stakeholders, subcontractors, customers, shareholders and investors, local communities, and government agencies. This, key issues concerning sustainability management have been assigned to each group. Examining Toyota’s portfolio towards sustainability, the company has focused on ensuring they always make better cars.... Hyundai has also proved to have the best portfolio in terms of sustainability through their stakeholder participation. The company has made a classification of its stakeholders into staff members and stakeholders, subcontractors, customers, shareholders and investors, local communities, and government agencies. Through this, key issues concerning sustainability management have been assigned to each group. However, examining Toyota’s portfolio towards sustainability, the company has focused on ensuring they always make better cars, and enriching the lives of different communities, hence the company is likely to ensure sustainability, however, in the long term range (Becker, 2008). Examining the sustainability value portfolio for Hyundai reveals that; the company has put emphasis on upgrading the core capabilities of the organization. The company has encouraged creative and innovative thinking among the employees, to boost performance in procurement, design and construction mana gement. To ensure global leadership, the company has put in place a vision towards sustainable management. An examination of their future projects, the company has put in place strategies, to accompany the action plans required to unsure sustainable growth of the company (Boudreau, Ramstad, 2005). An examination of the company’s sustainability value portfolio, in terms of the working environment, it is evident that; the company, which is under the construction industry, has undergone rapid transformations in the business environment because of the global environmental issues which include climate change. The business areas of the industry have also expanded and include the development of resources and infrastructure. To enhance sustainability, then company

Star Alpha Medicines Essay Example | Topics and Well Written Essays - 1500 words

Star Alpha Medicines - Essay Example An example of a situation that human could suffer from his own innovations in the field of medicine is the case involving a drug called TGN1412 in England, where 6 lives were threatened in March 2006. This incident highlighted ethical issues in clinical study design and safety monitoring. The main stakeholders in the case given include the StarAlpha Medicines, with its research and Development Department directly involved, and Country X with the direct participation of its citizen specifically the poor women who will be the potential subjects of the clinical trials to be carried out. StarAlpha Medicines could benefit a lot if the CEO's suggestion will materialize. The said pharmaceutical company, as the future main distributor of the drugs being developed, will be able to achieve skyrocketing sales. Also, if the strict procedures in clinical trials being observed in Europe will not be followed and taken for granted, instead it will be carried out in country X where a more favorable conditions for clinical trial are offered, it will be an effective mean of cost-cutting on the part of the pharmaceutical company - less expense but big revenues. Country X on the other hand, will reap both the positive effects and the possible negative outcome of the test. If the drug will be administered to poor, sick women, and the result will be successful, then Country X has found a cheap and easy way of providing treatment to its sick citizens. However, if the wellness and safety of the women to be subjected to the study will be overlooked, instead of being recipients of good health and a cure to their illness, they will be exposed to potential and real health risks. It could be possible that their health will be more endangered or that their system could possibly develop a negative response to the drugs which could then end to severe complications. Administering the drug without following a strict procedure in taking the needed test for its effectiveness and safety could be reasons for overlooking important concerns to its effects to the human body. A series of physiological reactions could take place beyond the control and knowledge o f the pharmaceutical industry. Problems not anticipated by the Research Department will be to the expense of the patients' welfare, the poor citizens desperate for cure to their illness are the ones who are always at risk, the ones who will mostly suffer the consequences of irresponsible clinical trials. Clinical trials, obviously subject human life into studies with the objectives that meaningful outcome will be achieved or for hypothesis being tested to be proven or disprove. These trials involve people - it could be a mother with kids leaning on her, a father with a family depending on him, or a boy who spends his day in the hospital bed when he should have a cheerful and sunny day in the park. These subjects are people with hearts that beat, with life worthy of utmost respect. And so, that's why ethics in the practice of medicine need to be of important considerations. Ethical considerations could be influenced by philosophical, religious, moral or legal perspectives and beliefs. In the conduct of clinical trials, one of the important elements to be