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INTRODUCTION TO BUSINESS (MGT 211) FALL 2012
ASSIGNMENT NO. 1
DUE DATE: 21 NOVEMBER, 2012
MARKS: 20

ASSIGNMENT:


Corporate Social Responsibility
Learning objectives: Create awareness that how business decisions might affect the interests of stakeholder groups.
Case:
Corporate social, ethical and environmental awareness has become essential for businesses. Companies are liable to consider the interests of all stakeholders while performing their activities and making decisions. Business operations should not be exclusively focused to meet the objectives of shareholders and investors; which is the maximization of profit. Corporate must adopt a wider perspective when setting their objectives. The concept of corporate social responsibility explains us to assess the social impact of a business; it covers pollution levels, usage of energy, reprocessing and recycling rates, contributions to community, employee benefit programs and customer satisfaction. Business operations and decisions may have positive and negative impact on customers, employees, suppliers, community and environment.
Some typical business decisions in real world are as follows:
a)
A business is planning for large expansion by building a new factory.
b)
Application of technology into production and business processes
c)
Business uses solar energy to run some operations.
Requirement:
Being the student of business education, you are required to analyze the likely positive and negative effects of these decisions on employees, customers and society at large (community).

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Application of technology into production and business processes:

Effects on customers:

Life of the customers has been made easy by the advanced technology, but the hazards of new technology has created few problems in the life of customers, such as lack of physical activity due to indoor games, radiation produced by various gadgets(mobile, ipad,laptop), etc.

Effects on employees:

Employees have to be trained in using advanced technology, if they want to survive in this competitive environment. A number of employees have lost their jobs due to introduction of computer and robots in the industry.

Effects on the suppliers:

Suppliers have be vigilant in this scenario. There is a lot of competition and they have to innovate and do research.Negative impact for suppliers is that their role has been limited now.
Effect on community:

Advanced technology has brought a revolution in the life of common man. People can now contact each other at any time by using this technology, cell phones, internet(social websites etc), but the dark side of the picture shows that there is moral degradation of the community at large, people become indifferent to each other.

Effect on environment:

Effects of the environment is not satisfactory, as gadgets emits radiation, can create imbalance in the environmental factors responsible for the normal temperature, depletion of ozone layer and so on.

excellent info: 

U can directly link with Islamic Society (Zakat & Sadqaat) which has been taken from the rich men/w0men and distributed among poor and needy people. caring of your neighbors is one of the best example of CSR in Islam. 

ak confusion hai agar koe solve karday.hmain effects business operations k likhnay hain ya phir coperate social responsibility k?

total solution of mgt211

MC120401156
MGT211 1st Assignment

Case: 
Corporate social, ethical and environmental awareness has become essential for businesses. Companies are liable to consider the interests of all stakeholders while performing their activities and making decisions. Business operations should not be exclusively focused to meet the objectives of shareholders and investors; which is the maximization of profit. Corporate must adopt a wider perspective when setting their objectives. The concept of corporate social responsibility explains us to assess the social impact of a business; it covers pollution levels, usage of energy, reprocessing and recycling rates, contributions to community, employee benefit programs and customer satisfaction. Business operations and decisions may have positive and negative impact on customers, employees, suppliers, community and environment.
Some typical business decisions in real world are as follows:

A business is planning for large expansion by building a new factory.

Application of technology into production and business processes

Business uses solar energy to run some operations.

Requirement: 
Being the student of business education, you are required to analyze the likely positive and negative effects of these decisions on employees, customers and society at large (community).

Question No. 1
A business is planning for large expansion by building a new factory. 
Answer: As I learn in the assignment query, every business decision has positive as well as negative impacts on customers, employees, suppliers, community and environment.
If a business is setting up for large vustudents.ning extension by building a new factory, then its impact on thecommunity will be both positive as well as negative. Positive in the sense that employment opportunities will be created and people will get employment in their home town, secondly new communications will be constructed for the factory which will be useful for the advancement of the community. Negative impacts include pollution created by factory’s waste products.
collision on the customers: will be mostly positive, as the business is growing so the product line will also be expanded and customers can be benefitted from the variety of products at a reasonable price, but the negative impact will be that as the industry is expanding, it will dominate the whole business sector and it can increase its product prices.
Impact on the employees: will be positive as well as negative. New employees will be employed and the range of responsibilities of the old employees will be increased.
Suppliers: will be benefitted as they have to supply higher quantities of raw materials and gaining high margin of profit.
Environment: may get only negative impact as new factory will increase the miseries of the environment, wastes of the factory will increase environmental pollution
Question No. 2
Application of technology into production and business processes.

Answer: Effects on customers:
Life of the customers has been made easy by the advanced technology, but the hazards of new technology has created few problems in the life of customers, such as lack of physical activity due to indoor games, radiation produced by various gadgets(mobile, ipad,laptop), etc.
Effects on employees:
Employees have to be trained in using advanced technology, if they want to survive in this competitive environment. A number of employees have lost their jobs due to introduction of computer and robots in the industry.
Effects on the suppliers:
Suppliers have been vigilant in this scenario. There is a lot of competition and they have to innovate and do research. Negative impact for suppliers is that their role has been limited now.
Effect on community:
Advanced technology has brought a revolution in the life of common man. People can now contact each other at any time by using this technology, cell phones, internet(social websites etc), but the dark side of the picture shows that there is moral degradation of the community at large, people become indifferent to each other.
Effect on environment:
Effects of the environment are not satisfactory, as gadgets emit radiation, can create imbalance in the environmental factors responsible for the normal temperature, depletion of ozone layer and so on.
Question No. 3
Business uses solar energy to run some operations.
Answer: Effects on customers:
As above discussion solar energy system is a new technology in our country because we are interrupting in energy crises so this energy source is very beneficial for the customers because after installing this system they receive their desired quantity or products at the given time so it’s very beneficial for the customers and the negative point is that maybe the rates of the products high.
Effects on employees:
The positive point for the employee is that they increase the production of the company and they delivered commodities to their customers at given time and the same point is negative for the employees because after installing the solar energy panel they have to more struggle for the company for maintain their time and production factors.
Effects on the suppliers:
Effects on suppliers of installing solar energy system mostly positive because after use this energy system demand of raw material is running the same because when company using the lesco, mepco’s services than due to short fall of energy supply chain may disturb.
Effect on environment:
On effect may log on environment after installing solar energy system.

ASSIGNMENT NO. 01

 

(Subject MGT211 Introduction to Business)

 

 

Name

Khurram Ali Shazad

ID

Mc120400705

Course

MBS (1st Semester)

 

 

 

 

 

 

Solution of Assignment as below with some examples and Discussion

 

 

 

When your business is running at its higher production or sales volume but its customer demand continues to grow, expansion is the next step to stay competitive in your market. Your expansion of business can come from as following important things as below:------

 

 

  • More employees
  • A larger office
  • Additional production
  • New equipment, Machinery, Land
  • New locations
  • A big Capital and Cash follow
  • Entrepreneur Skilled Persons
  • Economic Growth
  • Use of new Technologies
  • Government law and regulations and interference
  • Strength of business
  • Social  & ethical relationship of community

 

Whatever way to expansion you choose, consider its advantages and disadvantages carefully before making the investment or expansion of business.

 

Economies of Scale

 

When businesses expand, they typically come closer to achieving economies of scale. Economies of scale dictate that as the volume of a company's production increases, its cost to produce items reaches its most efficient point. It should be reached lowest possible cost for material.

 

Customer Base

 

Expanding your business extend your customer base. When you operate in one business location, the number of potential customers to your store is limited by vustudents.ning that one location and your product. For example, customers that live in Karachi, Lahore, will not travel hundreds of miles to Karachi, Lahore, for a slice of pizza. However, if you expand your pizza business so that you have a location in both cities, your customer base increases significantly.

 

Brand Recognition

 

Business expansion leads to increased brand recognition with potential customers. Brand recognition is a group's ability to recognize your product and its features even they have not tried your product. Typically, businesses rely on advertising to increase brand recognition; however, when a company expands its business, the increased market saturation -- via locations or product volume -- exposes customers to your product frequently. For example, if a pizza company opens up five new franchises in a city, the chances increase that when a consumer hears the name of the company, he will know exactly what that company sells whether he has ordered pizza or not.

 

Increased Income

 

Expanding your business increases your ability to turn larger profits in the long term. Initially, the expansion requires capital purchases and loans that consume resources in the short term. However, the added production ability or location increases long-term cash flow. For example, if you own a car dealership and purchase more land on which to sell cars, that initial purchase is costly. The added sales volume eventually pays for that land purchase and increases net income at the end of the year.

 

 

As below factors should be considering which are causing Disadvantages:-

 

1)      How much fast is your business or industry growing? Are you keeping up with it?

2)      Be careful or keep cautious of your short-term liabilities outpacing your short- term assets.

3)      Rapidly Increases in your expenses should effect any growth in sales.

4)      Be careful or keep cautious of mortgaging your future. Your survival during the first three years means you must be as financially flexible as much as possible.

5)      Don't always view reduction of expenditure as failure; it may mean survival.

6)      Be comfortable with your rate of growth. Your business is not a sports event.

 

 

 

Effects on customers:

 

Advantages

 

  • All Customers life made easy to use Advance Technology
  • They will enjoy of their time of working
  • Familiar with new technologies in the organizations

 

 

 

Disadvantages

 

  • Lack of physical activity due to indoor activities
  •  Radiation produced by various things like, Mobile, Ipad, Laptop etc

 

 

 

Effects on employees:

 

Advantages

 

  • Employees to be trained in using of advance technologies
  • They can survive easily in the community and organizations

 

Disadvantages

 

  • Lost of employees will lose their jobs due to introduced new technologies like reboots, Self working Machines, New ICT’s like computers, laptops, ipads,  

 

 

 

Effects on the suppliers:

 

Advantages

 

  • Suppliers will be alert to this scenarios
  • Suppliers will find new innovations and researches
  • The can produced and Sell more raw material
  • Profit will be increase

 

Disadvantages

 

  • Access of Suppliers will be limited
  • Earning will be reduced due to shortage of low capital and capacity
  • Market will be vide so survival will be difficult


Effect on community:

 

Advantages

 

  • Advanced Technology will bring revolution in life of common person
  • Communication will be easy with each other using mobile, ipad, computers by email and phone calls and internet.

 

Disadvantages

 

  • Communities morally disagree with each other
  • Poverty will be increase in communities
  • Status of communities will be difference and will be segregated in Rich and Poor
  • Gap of generation will be increase

 

 

Effect on environment:

 

Advantages

 

  • Socialization
  • Values
  • Organizational size and structures
  • Norm or Rules
  • Discrimination

 

 

Disadvantages

 

  • High temperature and solar radiations
  • Create explosive atmosphere
  • Create Sand and dust
  • Humidity and Ozone layer
  • Chemicals reactions
  • Mechanical stress
  • Nuclear Radiation 

 

khurram ali shazad gud keep it up & thanks 

In my opinion, when we are talking about corporate responsibility, we should not forget the financial organizations, who lend money for different projects. They should provide monetary support to those projects or those organizations which follow environmental rules, Quality Management Measures and Safety measures. consequently, a better role can be played regarding social responsibilities as the mandatory environmental and safety plan will compel many organization follow rules and regulations.

similarly, companies can be asked to produce audit report of the amount they have spent on accomplishing social and corporate responsibilities.

‘a’: A business is planning for large expansion by building a new factory. 

Positive:

  • Increase Employment
  • Customers may get more variety of products

Negative:

  • Increase Environmental Pollution
  • Prices may increase

 

‘b’: Application of technology into production and business processes.

Positive:

  • Production Increases
  • Prices Decrease
    • Suppliers have been vigilant due to competition and have to do research

 

Negative:

  • less physical activities in factories
  • old employees may unemployed due to new introduction of technology
  • Cost of production will be increased
  • Expenses on the training may be increased

 ‘c’: Business uses solar energy to run some operations.

Positive:

  • Production will be Increased
  • Profit will be Increased 

Negative:

  • is ka mujy koi bata dy :P

Negative :

Required large battery/ setup for saving its energy

required extra place for this setup

     MGT211

                                              Assignmnt Solution     

 

 

 

Question No. 1

A business is planning for large expansion by building a new factory. 
Answer: As I learn in the assignment query, every business decision has positive as well as negative impacts on customers, employees, suppliers, community and environment.
If a business is setting up for large extension by building a new factory, then its impact on thecommunity will be both positive as well as negative. Positive in the sense that employment opportunities will be created and people will get employment in their home town, secondly new communications will be constructed for the factory which will be useful for the advancement of the community. Negative impacts include pollution created by factory’s waste products.
collision on the customers: will be mostly positive, as the business is growing so the product line will also be expanded and customers can be benefitted from the variety of products at a reasonable price, but the negative impact will be that as the industry is expanding, it will dominate the whole business sector and it can increase its product prices.
Impact on the employees: will be positive as well as negative. New employees will be employed and the range of responsibilities of the old employees will be increased.
Suppliers: will be benefitted as they have to supply higher quantities of raw materials and gaining high margin of profit.
Environment: may get only negative impact as new factory will increase the miseries of the environment, wastes of the factory will increase environmental pollution

Question No. 2

Application of technology into production and business processes.

Answer: Effects on customers:
Life of the customers has been made easy by the advanced technology, but the hazards of new technology has created few problems in the life of customers, such as lack of physical activity due to indoor games, radiation produced by various gadgets(mobile, ipad,laptop), etc.
Effects on employees:
Employees have to be trained in using advanced technology, if they want to survive in this competitive environment. A number of employees have lost their jobs due to introduction of computer and robots in the industry.
Effects on the suppliers:
Suppliers have been vigilant in this scenario. There is a lot of competition and they have to innovate and do research. Negative impact for suppliers is that their role has been limited now.
Effect on community:
Advanced technology has brought a revolution in the life of common man. People can now contact each other at any time by using this technology, cell phones, internet(social websites etc), but the dark side of the picture shows that there is moral degradation of the community at large, people become indifferent to each other.
Effect on environment:
Effects of the environment are not satisfactory, as gadgets emit radiation, can create imbalance in the environmental factors responsible for the normal temperature, depletion of ozone layer and so on.

Question No. 3

Business uses solar energy to run some operations.
Answer: Effects on customers:
As above discussion solar energy system is a new technology in our country because we are interrupting in energy crises so this energy source is very beneficial for the customers because after installing this system they receive their desired quantity or products at the given time so it’s very beneficial for the customers and the negative point is that maybe the rates of the products high.
Effects on employees:
The positive point for the employee is that they increase the production of the company and they delivered commodities to their customers at given time and the same point is negative for the employees because after installing the solar energy panel they have to more struggle for the company for maintain their time and production factors.
Effects on the suppliers:
Effects on suppliers of installing solar energy system mostly positive because after use this energy system demand of raw material is running the same because when company using the lesco, mepco’s services than due to short fall of energy supply chain may disturb.
Effect on environment:
On effect may log on environment after installing solar energy system.

  • When people are producing solar panels they have leftover stuff like Silicon Tetrachloride, and they have to dispose of it, which can pollute.
  • When creating solar panels the manufacturers have to use energy, which pollutes the air, creates heavy metal emissions, and greenhouse gases.
  • Can't use solar energy during the night
  • Can't use solar energy when it is very dense and foggy outside

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