Amvac Have An Old Cap Ethical Strategy

The PEST analysis helps to explain the critical factors in the organization's external environment. The factors include political, economic, social and technological. For Myer, these forces combine with the internal factors, and other external factors like competition. The Australian consumer goods retail market is worth $121 billion (IBISWorld, 2012) but is heavily fragmented. Myer is the third-largest company in the industry behind David Jones and Harvey Norman, but with $3.158 billion in sales holds just 2.6% market share (Myer 2011 Annual Report). This implies that competition is only one of many factors that can contribute to the company's results. This PEST analysis will help to identify the other major factors.

Environmental scanning involves an organization to look at any trend, opportunity or threat that could create issues for their company. Once any of these issues are identified, the organization should consider new strategies that react to these external factors. Issues should be examined that involve not only direct customers and suppliers, but also competitors, any changes in regulations and possible political involvement. External factors will be constantly changing so environmental scanning should occur frequently and regularly to ensure the current issues have been captured. Research and data analysis can help drive decisions regarding overall marketing changes that might be necessary.

According to the article, Amvac does not practice ethical standards in its operations. It does not have an ethical standard as it pursues acquisition and sale of pesticides that have been barred from use. Such products have been deemed dangerous for human use even after following the safety measures of using and disposing pesticides. Amvac purchases such products, rebrands, and exports them to other countries that have not banned their use. Such actions lead up to dangerous exposure of the users in the foreign countries. Ethics is norms and practices that are founded on the quest to do the right thing to people. It involves having the customers at heart and ensuring that the products sold to them do not put them in any health risk. Amvac does not have the welfare of its customers at heart as it follows its money-making strategy aimed at making huge profits.

Health professionals are responsible for providing services that improve the health and well-being of the community.

Macro environment comprises external forces that organisation cannot directly control, instead organisation need to manage their macro environment in a way that benefits them ("The Macro Environment & Pest Analysis", 2016). The PESTLE analysis is the most widely recognized approach for considering the external business environment (Gupta, 2013). PESTLE analysis stands for Political, Economic, Social, and Technological, Legal and environmental analysis and describe a framework of macro environmental factors utilized as a part of the environmental scanning component of strategic management. Generally, all the PESTLE factors might not important for all types of industry its depends up industry nature or size. This PESTLE analysis is based on Accor Hotels in Australia which is a famous and globally recognise hospitality brand.

To stay tuned to the recent situation in order not to miss perspective opportunities, an organization should go on with continuous scanning of its environment. According to Jobber, environmental scanning is “the process of monitoring and analyzing the marketing environment of a company” (Jobber, 2010, p.93). Aguilar states (Aguilar, 1967, cited in Costa, 1995, pp.4-5) that environmental scanning serves the purpose of gathering information about the facts and events happening around the company in order to let the management lead the organization in the right direction. Most of the authors agree on the same main function of environmental scanning.

33 8. What strategic issues need to be addressed? 34 9. External environmental analysis 35 10. Internal environment analysis 60 11.

With the low-cost strategy in place Nucor has been able to have the most modern and efficient factories in the country and is able to capitalize on plant capacity and expand to new markets. The technology of the Castrip, the ability to directly strip cast carbon sheets of steel, allowed for reduced amounts of capital expenses, higher amounts of savings, and cut Nucor’s greenhouse emissions by 80%. The company also used its technological research to build state-of-the-art facilities that helped it become the highest quality, low-cost provider. When looking at the PESTEL analysis, Nucor has used technology in almost every facet of its business to pursue being the best low cost provider. The firm has also used its expertise to become more ecofriendly, a major sociocultural factor that is present in today’s society and can lead to fines if companies are not compliant. The innovation the

The biotech firm Amgen Inc. gives much attention and time to the planning process. Because the outcomes for a company like Amgen are often very unsure and many employees are quite sceptical about the use of such a planning, the main issue can be described as follows:

Merck was one of the largest pharmaceutical companies in the world. • Merck was about to lose patent protection of two of its best selling drugs, which had been a significant part of their $2 billion annual sales. • Merck began putting millions of dollars into research (up to $1 billion) and within three years, Merck was able to discover four powerful medications. • Profits weren’t all that Merck cared about; Merck’s founder believed that “medicine is for people. It is not for the profits.” • He also believed that following the “medicine is for people” philosophy would lead to profits and had yet to fail.• River Blindness is caused by parasitic worms, which can be found in

Companies such as American Apparel can operate in a certain environment that has a formulation and implementation of a strong business strategy that can avoid restricted environmental factors. This will determine the decision making of financial considerations, promotion strategy, organizational structure, and the management style. The environmental awareness is the starting point of environmental analysis. American Apparel has to take in consideration that there are two environmental factors of the internal and external environments.

The general environment is composed of segments that are external to the firm. Although the degree of impact varies, these environmental segments affect all industries and firms competing in them. The

Simply put by Lindstrom, the company totally blew the CDC's statement "out of all proportion just to heighten the sense of danger". This example is really captivating, because it sheds light on a situation that most people would never question. It really shows how big corporations are using fear to provoke emotions, which lead us to buying thing in order to once again feel safe.

Nowadays it is common to hear on the news about recent health and environmental scares especially with the increasing research done about the causes and effects of global warming. However, life just a century ago was very different. During the early twentieth century, people trusted industries. Therefore, they did not fight for government regulation of industries or the need for it to inform them about possible harmful practices done by industries. It took the deaths and emergence of illnesses of many workers and citizens for the public to start worrying. Gerald Markowitz and David Rosner discussed this time period with a focus on the lead and chemical industries in their book Deceit and Denial: the Deadly Politics of Industrial Pollution.

To assure the success of a business over a long period of time the business must be able to conduct regular analysis of their success. They must be able to determine where they are today and have a goal of where they would like to see themselves 5-10 years down the road. In order to conduct a true analysis of the company, one must complete an environmental scan of their organization. Thus scanning for events, trends, issues and expectations that they may be faced with in the future. Furthermore, examining all internal and external environment challenges. Internal environmental challenges may be with employees, shareholders or board of directors or the overall culture of the organization. External environmental