In a short essay, discuss the strategic focus of (a) Ecoefficiency, (b) Beyond Compliance Leadership, (c) Ecobranding, (d) Environmental Cost Leadership.
What will be an ideal response?
a. Ecoefficiency – in this strategic focus, productivity is the key element for companies to gain an environmentally competitive advantage
b. Beyond Compliance Leadership – in this strategic focus, firms are able to provide “proof” to their stakeholders pertaining to their commitment to the natural environment
c. Ecobranding – in this strategic focus, firms use their proactive environmental commitments in an attempt to differentiate their products and service for their customers. Ecobranding allows potential customers to consider the natural environment when they are purchasing products and services.
d. Environmental Cost Leadership – in this strategic focus, firms that compete on low price can offset their environmental investments. Firms that use this strategy embrace proactive environmental ideals as long as they can help reduce the overall costs of production.
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The plural of "son-in-law" is "sons-in-law," but the possessive is "son-in-law's."
Indicate whether the statement is true or false.
____________ lies where the product has a strong feature in an area that is important to the target and the competition is weaker.
a. Position b. Competitive advantage c. Differentiation d. Brand position e. Brand equity
What does a petty cash fund represent?
a. It represents the amount of cash a company has restricted for a specific purpose. b. It represents the investment that is readily convertible into cash and has an original maturity of three months or less. c. It represents the excess cash a company generates beyond what it needs to invest in productive capacity and pay dividends to stockholders. d. It represents the amount of cash kept on hand to pay for minor expenditures.
Which of the following is true about the Sarbanes?Oxley Act of 2002?
a. The law states that the company's external financial statement auditor is required to audit ICFR and assess whether those controls are effective in preventing and detecting financial misstatements. b. The law has increased the level of scrutiny of public companies' financial statements. c. The law requires companies to establish procedures to allow employees to lodge complaints about accounting and auditing matters directly with the board of directors. d. The law requires stockholders' to assess whether internal controls over financial reporting (ICFR) are effective.