Exam 06044100 Essay

1434 Words Mar 31st, 2013 6 Pages
Part A:
1. Organization’s commitment to social responsibility takes the form of policies or pronouncements on what the organization intends to do to address its social impact in the community where it operates, which includes its stakeholders, suppliers and the general public. As such, a key requirement in implementing an organization’s commitment to social responsibility is the buy-in from the board and the top executives which make the policies, and the support of the middle-management and employees which will implement the policies. To do this, the board and top executives must understand the firm’s effects as an organization, and everyone else must have a clear grasp of the direction where it is going. Implementation involves the
…show more content…
It is a useful strategic planning tool. It is based on the assumption that if managers carefully review internal strengths and weaknesses and external threat and opportunities, a useful strategy for ensuring organizational success can be formulated. As such, it is instrumental in strategy formulation and selection. Strength. A firm's strengths are its resources and capabilities that can be used as a basis for developing a competitive advantage. It is an important organizational resource which enhances a company, competitive position. Some of the internal strengths of an organization are Distinctive competence in key areas ,Manufacturing efficiency like exclusive access to high grade natural resources, Skilled workforce, Adequate financial resources,Superior image and reputation such as strong brand names.

-Economies of scale
-Superior technological skills
-Insulation from strong competitive pressures
-Product or service differentiation
-Proprietary technology such as patents and resultant cost advantages from proprietary know-how
-favorable access to distribution network.

Part B: .
1. Six Sigma at many organizations simply means a measure of quality that strives for near perfection. Six Sigma is a disciplined, data-driven approach and methodology for eliminating defects (driving toward six standard deviations between the mean and the nearest specification limit) in any

Related Documents