The Triple Bottom Line Assignment Example | Topics and Well Written Essays - 500 words

The Triple Bottom Line - Assignment Example This is however having a negative effect on performance at the corporate level because the company does very little to focus on environmental sustainability and social justice. This makes it difficult to have stakeholder goodwill because corporate ratings of the company are very low. The use of the TBL measurement system would also come with some short term consequences for the organization. The first of such short term consequences have to do with increase in the company’s budgetary expenditure. This is because to get the full potential of TBL measurement system, it is important to institutionalize it in the company and ensure that every needed resource that makes its implementation successful is apportioned (Slaper & Hall, 2011). Such rise in expenditure may come as a result of the need to set up a new TBL monitoring team or department. Another short term consequence would be possible organizational friction that would come as a result of changes in the organizational culture of the company. Such changes in organizational culture would have to come to ensure that aspects of environmental sustainability and social justice are incorporated into the activities of the company (Shrivastava & Berger, 2010). There are also long term consequences of using TBL measurement system. These long term consequences would however be seen as yields from the short term consequences. The first of such long term consequences would be improved corporate returns for the company. These corporate returns can be measured not only in terms of financial growth but also in terms of sustainability and social justice. Indeed companies that have such hopes for sustainability and social justice are always guaranteed to have lesser legal issues with its in-house and external stakeholders such as employees and suppliers. This is because by the use of the TBL measurement system, the

Managing for the Future Essay Example | Topics and Well Written Essays - 3750 words

Managing for the Future - Essay Example It is also the co-owner of Sainsbury’s Bank along with Lloyd’s Banking Group (J Sainsbury Plc, 2012). Besides that, it has also owns property joint ventures with The British Land Company PLC and Land Securities Group PLC. What started off as a small retail store on London’s Drury Lane around the year 1969, Sainsbury’s has developed a huge history behind him over the years. Sainsbury holds more than 15% of the market share of the UK retail markets. Sainsbury hold the second position in the UK online retail market and is only behind Tesco. Sainsbury’s follows a simple passion of offering great food at fair prices to its consumers and this has been treated as one of the reasons for their success. By the year 2020, they have a target of sourcing all necessary raw materials and commodities in a sustainable manner (J Sainsbury Plc, 2010). Forecasts and Strategic Plan: Sainsbury is focused to provide healthy, safe, fresh and tasty food at fair prices. The chain continues to operate on five areas, which makes the chain differentiate itself from the retailers. The chain’s current focus plan is on: Growing space and creating property value Providing great food to the consumers Compelling general merchandising and clothing Developing new business channels Providing complimentary channels and services. Strengths Sainsbury’s has won numerous awards in the industry for its superior product quality over the past few years. Some of the awards comprises of fresh produce retailer of the year, honest food award and even wine retailer of the year. So it has clearly maintained industry standards and gained recognition in the industry The chain has made considerable amount of effort in order to modernize the brand by integrating technology at the point of sales (POS). Has tie ups with Nectar, a loyalty programme with an active user base of over 11 million. The chain has got high points on a regular basis in the industry’s most respected basket survey (J Sainsbury Plc, 2012). Weakness Their strategy is very puzzling at times. At times, they are targeting to appeal to mass markets which may result in tempting to go on an acquisition spree and then landing up with failed takeovers. Yet to recover the leading position of being the most preferred retailer in the UK region from the rival leading retailers. Opportunities Sainsbury’s ranking as an UK based online grocery provider is strengthened with higher sales on a year on year basis. With the increase in internet usage among the consumers, this segment can provide more sales to the retail chain. The addition of floor space in all new and existing stores for introducing the chain’s new health, beauty and household line of products will benefit the chain in the upcoming days and may provide greater share of revenue (J Sainsbury Plc, 2012). Threats Sainsbury’s is less committed to reinvest the capital generated in the business. This can spel l danger for the chain as Tesco who is a stronger competitor in this segment is more focused on committing a large amount of capital for maintaining their long term growth oriented strategy. Have high reservations in establishing the brand of Sainsbury’s overseas and in foreign locations, which provides them with a disadvantage of being