Namaste Solar Case Study 1. What is the mission of Namaste Solar? How does the mission reflect the company’s values? Explain.
The mission statement of Namaste Solar is “to propagate the responsible use of solar energy, pioneer, conscientious business practices and create holistic wealth for our community which benefits all stakeholders equally- customers, employees, investors, and the environment.” The mission statement reflects the company’s values because they direct explain how the values or linked the mission statement. The company has five core values. The first value is “care for the earth.” Namaste Solar Company’s core activity was designing and installing solar energy systems.” Namaste Solar even went so far and got there
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He is responsible for making sure that community has a good idea and sense of understanding exactly what the company does, what they stand for, and the importance of solar energy. Yes, I do think that the company’s strategy is ethical and does address the needs of all of it stakeholders because for one the company is going about promoting and advertising their company the right way. They aren’t doing any false educational programs or promoting their company and the employees are very involved in the decision-making process so this benefits them as stakeholders. Therefore none of the employees are blindside by any of the decision making situations that the company has. 3. How does Namaste Solar link rewards and incentives to strategically-important employee behaviors and the company’s targeted outcomes?
Namaste Solar has linked rewards and incentives to strategically-important employee behaviors and the company’s targeted outcomes because from the start Namaste Solar used a strategy for encouraging employees by showing a commitment to employee ownership. The company crafted restricted stock plans that allowed all employees have an equal opportunity to buy shares in Namaste Solar at any time, at the then-current value. They allow newly hired employees to buy stock on their first day and get to enjoy the benefits of ownership, including dividends if any are paid. One of the founders of
What is the mission of Namaste Solar? Namaste Solar started mission was "to propagate the responsible use of solar energy, pioneer conscientious business practices and create holistic wealth for our community." According to the company's brochure, holistic wealth was wealth that "benefits all stakeholders equally - customers, employees, investors, communities and the environment - as opposed to inequitably benefiting any stakeholders at the expense of any others".
Solar energy is the most ancient kind of energy found on earth, for it is as old as the sun. "Solar" means from the sun. The earth is only one of the many planets which is bathed in the sun's overflowing energy. Every second the world receives 95.8 trillion watts of power…just think about that for a minute. Think about how much power the earth just received in the time it took you to read this sentence? It is well beyond the amount of power used in one day. It has the potential to satisfy all our energy needs forever without ever having to use the pollutive fossil fuels ever again. "The problem however, does not lie in the limited source, as do fossil fuels, but in harnessing
For example, AFLAC would award its employees who present themselves within the community or volunteer for many charities, with the Volunteer of the Month award. This award can build the morale of the employee and keep them engaged. In the end not only are employees being recognized for their philanthropic work, but also it allows AFLAC to gain rapport due to its continuous efforts in the community. Secondly, AFLAC utilizes sound performance and incentive as an enhancement tool in order to promote and develop employees for the next level within the organization and keep pace with the company’s overall goals and strategies. “Approximately 90 percent of employees were attracted to and remain at Aflac because of company reputation. Employees are happy with the profit-sharing bonus, with 81 percent of employees saying they believe it is better than that of other companies” (p.7). This strategy is a marketing tool that allows AFLACs employees to see endless opportunity, which has allowed AFLAC to retain over 91 percent of it,
The Core values and visions of the company are based on the customer satisfaction which plays a very important role in the company progress. The mission of the company is to deliver high technology promise to its customer service.
Mission statements for any organization are today a foundation stone for defining its activities, attitudes and culture. Thus the mission statement influences the organization to a very great extent. Thus the mission statement shows the degree of internalization and the general principles of governance adopted by the institution, and its core values and responsibilities and the area of interest. (Yopp, 2008)
In this modern fast paced world that we live in, there are many issues that are looked over, energy is one of these. As a world, we are dependant on dwindling fossil fuel supplies and take for granted electricity, oil, and gas. There are four completely renewable sources of energy around us that should be used and developed, they are: wind, growing plants, flowing water, and the sun. These sources of energy are the ones we should be tapping, because they are reliable and renewable. Harnessing the suns energy is the most certain and ultimate energy source. Looking at a brief history and some facts about solar energy, a glimpse of the future can be seen, a future not dependant on
By having its final assembly in Germany, Nanosolar is geographically positioned to meet the needs of developing countries such as India and China while distributing its panels throughout Europe. Shipping completed modules to the US would require additional cost and put it at a disadvantage compared to First Solar which has a manufacturing plant in Ohio (Exhibit 9).
Reward Management (RM) has been defined as the distribution of monetary and non-monetary rewards to employees in an effort to align the interests of the employees, the organisation, and its shareholders (O’Neil, 1998). In addition O’Neil (1998) also suggests that a RM system can serve the purpose of attracting prospective job applicants, retaining valuable employees, motivating employees, ensuring legal requirements relating to direct and indirect rewards are not violated, assisting the company in achieving human resource and business objectives, and ultimately assisting the organisation in obtaining a competitive advantage.
By achieving to provide these reward programs for its company employees it stay in line with two of its guiding principles which is to supply quality service for their agents and provide an enriching and rewarding workplace for their employees. These rewards are also used to attract better qualified employees and to push employees to have a greater impact on their community. The needs of the company’s employees are a driving factor behind Aflac’s total rewards programs. Aflac’s total rewards statements which was originally a one page document is now an in-depth review of the value of the employment compensation and benefits. These are examples of non-traditional rewards that are used by Aflac. Traditional rewards that Aflac uses is that the company has an “Volunteer of the Month” where one of their employees goes and volunteers for a charity of their choice and they get rewarded by the company they also offer bonus, wages, internal promotion, voluntary benefits and paid leave.
In addition, solar energy operational costs are manageable. It is free from monthly charges compared to conventional sources of energy. Solar energy does not require raw materials such as oil and coal, and once the panels are built, there will be no monthly charges. In addition, the prices of fossil fuels are increasing day by day, and this means conventional energy will be very expensive. Solar energy will remain the most capable world’s future power supply because, it is cost effective once the plants are built, and there will be no transport costs like for conventional energy sources. Therefore, solar energy is cost-effective, and will help in future energy supply, as the maintenance cost is affordable, as long as they are installed properly, and are working efficiently ( Hans, 2012). Furthermore, with the improvement and advancement of technology, it will increase its efficiency, and cost of production thus, making it more cost effective and the world’s best
In order for one to further understand the importance of solar energy, the problem of global warming must be explained. As defined by Webster’s Dictionary, “Global Warming” is an increase in the earth’s average atmospheric temperature that causes corresponding changes in climate and that may result from the greenhouse effect. With an average increase in atmospheric temperatures, our planet is slowly deteriorating. In order to stall or halt this global destruction, countries must turn to solar energy as a cleaner alternative to the depletion of fossil fuels. Solar energy creates a homeostasis for the climate. Due to its ability to decrease global climate changes, solar power can address global warming in several ways.
The SunPower Company is an up and coming manufacturer and seller of photovoltaic (PV) panels. As a young company with a strong desire for innovation they operate in an atmosphere where competition is very high and SunPower and the competition continue to fight for market shares. For SunPower management team to promote its growth will need to make sound decisions to ensure it stays competitive with the market. As seen in 2008, with other solar companies already dominating the market, increasing sales was an imperative goal to achieve its main objective to maximize profit.
Euro Solar is a well-known Solar Panel Company. It is Australian based company. Euro Solar started with 4 employees and a 100 m¬¬2 warehouse around 6 years ago. The company is focused totally on high quality products and market-leading customer service. Euro Solar is very well aware of the energy derived from the sun and they are committed to make sustainable energy a significant part of Australia’s and the world’s future and they continue to look for solar energy solutions which deliver financial savings for their valued customers, whilst helping protect the environment too, as said by Sam P., one of the directors of this company. This thing is also reflected in the logo of the
The purpose of this memo is to define sustainability in relation to solar energy. We will do this by informing you of our definition of sustainability, followed by providing you with the economic efficiency, environmental impacts, and sociological perception.
The company also has a people-oriented culture. Employees are given an incentive based on performance and not based on their title. Through this incentive plan, the employees are more motivated and eager to do their work to the best of their ability. Thereby increasing their productivity and their contribution to the overall success of the business. Furthermore, stocks options were also made available to all employees.