Bus/475 Final Exam Part 2 2016 Essay

Triple Bottom Line accounting brings light to the importance of accounting for Environmental measures, as it helps a company track their ecological footprint and make plans to improve it. A company can be profitable for several years, however if

Developing effective retail management is utilizing the space in the store in order to display items that provide the largest contribution to overall profit. Retailers attempt to draw maximum attention to their most profitable products

The triple bottom line is a company concept that was introduced in 1994 by John Elkington it is a way to measure the financial, social and environmental performance

Accounting transactions are professional occasion that has either a positive or negative budgetary impact on the financial statements. One impact of transactions in a financial statement will increase or decrease the accounts contingent on the transaction that has taken place. The history of revenue that has come or gone from the business will be shown on both financial statements and accounting transactions. Many businesses make several transactions daily. Errors can have a negative impact on financial statements, because the facts come from the accounting transactions

The resource-based view of a company focuses on the internal resources and capabilities of the company and includes the tangible and intangible assets that it controls (Barney & Hesterly 2015, p.64).

The external environment analysis of the organization is necessary to get a view about the business process and operation process with regards to the market. There is a range of major factors and trends that associate with the organization to increase the potentiality in the market and create a good customer base (Baglivo et al. 2014). The external analysis comprises of macro environment, micro environment, competitors analysis and most importantly the market analysis of the

The Triple Bottom Line is simply a way of understanding how the company is performing in three important areas including profit, environmental, and customer satisfaction, which is also known as Corporate

In this paper, authors are exploring the concept of Dynamic Capabilities and thereby enhancing the value of Resource -based View (RBV) literature. Scholars have criticized RBV for its inability to explain the mechanism by which resources contribute to competitive advantage. Some scholars consider RBV as a vague and tautological concept. The authors attempt to address some of these concerns. The authors focus on the nature of dynamic capabilities, the impact of market dynamism on dynamic capabilities and the evolution of dynamic capabilities.

This essay talks about two different perspectives on strategy. They are industrial organization model and resource-based view theory. The first part talks about strengths and weakness of both I/O model and RBV theory. The I/O model’s framework is based on the tradition of industrial. It uses five forces in the industry attractiveness and strategic planning. However, I/O model is limited by the public policy. In contrast, RBV looks inside of the firm and it is a theory of competitive advantage. Many scholars argue

External and internal analyses are used to help you find the sources of competitive advantage. The order in which these analyses are conducted is not important. This is because they both use each other to get the best information, order does not matter because they go together without mattering what’s done first. Both internal and external analyses allow firms to identify not only environmental threats and opportunities, but also it helps the firm identify its weaknesses and positive strengths of the firm.

e) Table below shows the probability distribution of the time required to resolve a problem if the part is available on site:

Hanson et al (2014 p. 16) posits “The resource - based model suggests that the strategy an organisation chooses should allow it to use its competitive advantages in an attractive industry."

The resource-based perspective regards the organisation as a heterogeneous bundle of resources and organisational capabilities that may enable the firms to deploy its resources more efficiently than rivals. In order to stand out in today¡¯s fiercely competitive and globalised market, firms must dynamically manage their unique resources

It is a sustainable model for business that balances financial success, community participation together with ecological sustainability. The firm which employs triple bottom line towards capturing the set significances, processes as well as issues of the company might decrease and determine whichever harms resulting from their operations then create economic, social as well as environmental values of that the company . It is typically outlined that any is supposed to take into account the needs of the company 's shareholders, employees, stakeholders, governments, clients, business partners, local communities together with the entire public. Reporting through Triple bottom line (TBL) is currently turning out to be more ordinarily used across several sectors within society. Even though the notion was born outside any business

In practical terms, triple bottom line accounting means expanding the traditional reporting framework to take into account ecological and social performance in addition to financial performance.