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Benefits of Effective Environmental Management in Businesses

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Benefits of Effective Environmental Management in Businesses

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Benefits of Effective Environmental Management in Businesses

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What Is Environmental Management?

What motivates companies to embrace the protection of the environment? For many, it's the added benefits that lead to a company succeeding in the competitive marketplace. For others, it is the ethical code of protecting the earth and its inhabitants.

Pear Products is going to demonstrate how businesses can best manage environmental issues and how effective management makes a firm more competitive. Environmental management is a systematic strategy that companies can use to find different ways for saving water, energy, and materials, and reducing negative environmental impacts.

Managing Environmental Issues

The best way Pear Products manages environmental issues is to make sure their environmental ideas align with the company's overall business strategy. Companies should research environmental issues and conduct audits to determine which ones need the most attention.

One of the best ways Pear Products manages their environmental issues is by lowering overall costs through environmental strategies, such as recycling and energy conservation and processes. For example, Pear Products saves over $30,000 a quarter just on the recycling of materials, such as paper and plastic from their production process.

Pear Products also stresses the integration of environmental ideas as part of their overall corporate image. This helps them establish a good corporate image through aggressive environmental actions, such as their collection of all used technology products. The company will pay for all shipping for consumers to ship their old products back for recycling or send them a local address for larger bulk items.

Pear Products follows through on their environmental beliefs with their workforce as well. The company ensures comfortable and safe working environments for all of their employees. Every factory is built with the employees' utmost safety in mind to include state-of-the-art protection against the chemicals used in the production process.

In addition, Pear Products manages their environmental issues through their excellent working relationships with the community by having town meetings to proactively discover any potential environmental threats, such as contamination caused by their factory outputs.

Lastly, Pear Products has established as part of their corporate objectives the need to follow an ethical code to self-regulate in order to protect the environment through proactive action. For example, Pear recently moved to wind power for their facilities and electric cars for all of their employees.

Environmental Management Business Advantage

Environmental management can make firms more effective in many ways. One of the biggest ways Pear Products can be more competitive is through enormous cost savings. These are achieved by having systems in place that reduce pollution and hazardous waste.

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benefits of effective environmental management in businesses - video & lesson transcript | study.com

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Benefits of Effective Environmental Management in Businesses - Video & Lesson Transcript | Study.com

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What motivates companies to embrace the protection of the environment? For many, it's the added benefits that lead to a company succeeding in the competitive marketplace. For others, it is the ethical code of protecting the earth and its inhabitants.

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Identify the strengths, weakness, opportunities and threats that a business faces at a given point in time

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Leadership

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What is leadership? - With David Marquet

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Leadership

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Effective Organization

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Skills in manage people around business environment

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Learn how to manage people and be a better leader

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This is Kentucky Fried Chicken (KFC) SWOT analysis in 2013. For more information on how to do a SWOT analysis please refer to our article.

Company Background

Name

KFC (Kentucky Fried Chicken)

Founded

March 20, 1930

Logo

Industries served

Restaurants, Fast Food

Geographic areas served

Worldwide

Headquarters

U.S.

Current CEO

Roger Eaton

Revenue

$ 9.5 billion (2012)

Profit

N/A

Employees

N/A

Parent

Yum! Brands

Main Competitors

McDonald's Corporation, Burger King Worldwide Inc., Subway, Wendy's Company and many others.

KFC is a fast food restaurant chain, which specializes in fried chicken. It is the world's largest fried chicken chain with over 17,000 outlets in 105 countries and territories as of December 2011.
You can find more information about the business in its official website or Wikipedia's article.

SWOT

Strengths

Weaknesses

1. Second best global brand in fast food industry in terms of value ($ 6 billion)

2. Original 11 herbs and spices recipe

3. Strong position in emerging China

4. Combination of KFC - Pizza Hut and KFC - Taco Bell

5. KFC is the market leader in the world among companies featuring chicken as their primary product offering

Weaknesses

1. Untrustworthy suppliers

2. Negative publicity

3. Unhealthy food menu

4. High employee turnover

5. Lack of strong marketing efforts

Opportunities

Threats

1. Increasing demand for healthier food

2. Home meal delivery

3. Introducing new products to its only chicken range

Threats

1. Saturated fast food markets in the developed economies

2. Trend towards healthy eating

3. Local fast food restaurant chains

4. Currency fluctuations

5. Lawsuits against KFC

Strengths

1. Second best global brand in fast food industry in terms of value ($ 6 billion). KFC is known by many and is a trustworthy brand in many countries mainly due to its early franchising and international expansion.

2. Original 11 herbs and spices recipe. KFC original chicken recipe is a trade secret and a source of comparative advantage against firm's competitors.

3. Strong position in emerging China. KFC receives half of its revenue from China, where it operates more than 4,000 outlets. KFC position in China is one of its main strengths as China's fast food market is growing steadily.

4. Combination of KFC - Pizza Hut and KFC - Taco Bell. KFC partnership with other Yum! Brands yields some advantage as the restaurant can offer items from its partners it doesn't have itself and satisfy more customers' needs.

5. KFC is the market leader in the world among companies featuring chicken as their primary product offering. KFC has positioned itself clearly among other fast food chains bearing its famous slogan and trademark chicken products.

Weaknesses

1. Untrustworthy suppliers. Over the years, KFC has been contracting suppliers, which supplied contaminated poultry to KFC or were mistreating chicken, thus resulting in falling sales and damaged reputation.

2. Negative publicity. KFC receives much criticism from PETA over the conditions chickens have been raised. Furthermore, it received bad publicity for selling chicken wing with kidney. There are many more or less bad news from KFC, which damage firm's reputation significantly.

3. Unhealthy food menu. KFC menu is largely formed of high calorie, salt and fat meals and drinks. Such menu offering prompts protests by organizations that fight obesity and hence, decreases KFC popularity. Consumers also often opt out for healthier choices.

4. High employee turnover. Employment in KFC is a low paid and low skilled job. It results in low performance and high employee turnover, which increases training costs and add to overall costs of KFC.

Opportunities

1. Increasing demand for healthier food. While demand for healthier food increases, KFC could introduce more healthy food choices in its menu and reverse its weakness into strength.

2. Home meal delivery. KFC could fully exploit (it test deliver services now) this opportunity and reach more customers.

3. Introducing new products to its only chicken range. KFC could introduce new meals to its menu and offer pork, beef or only vegetarian meals, which would target wider consumer group and would result in more costumers.

Threats

1. Saturated fast food markets in the developed economies. The fast food market in the developed countries is already overcrowded by so many fast food restaurant chains and this already proves to be a threat to KFC as it finds it hard to grow in the developed economies.

2. Trend towards healthy eating. Due to government and various organizations attempts to fight obesity, people are becoming more conscious of eating healthy food rather than what KFC has mainly to offer in its menu.

3. Local fast food restaurant chains. Local fast food restaurants can often offer a more local approach to serving food and menu that exactly represents local tastes. Although KFC does a great job in adapting its own menu to local tastes, the rising number of local fast food chains and their lower meal prices is a threat to KFC.

4. Currency fluctuations. KFC receives part of its income from foreign operations. That income has to be converted into dollars and may affect the business' profits, especially when the dollar is appreciating against other currencies.

5. Lawsuits against KFC. KFC has already been sued for many times and lost quite a few lawsuits. Lawsuits are expensive as they require time and money. As KFC continues to operate more or less the same way, there is high probability for more expensive lawsuits to come.

Sources

1. KFC (2013). About us. Available at: http://www.kfc.com/about/

2. Wikipedia (2013). KFC. Available at: http://en.wikipedia.org/wiki/KFC

3. 9WSYR (2013). Yum Brands: KFC sales will fall in China after probe. Available at: http://www.9wsyr.com/business/story/Yum-Brands-KFC-sales-will-fall-in-China-after/bcy0s-8mAUeqWoh6fnmpCw.cspx

4. Interbrand (2013). Best Global Brands 2012. Available at: http://www.interbrand.com/en/best-global-brands/2012/Best-Global-Brands-2012.aspx

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Ovidijus is the founder of SM Insight and the lead writer since 2013. His interest and studies in strategic management turned into SM Insight project, the No.1 source on the subject online. His work is published in many publications, including two books: 'The Art of Opportunity: How to Build Growth and Ventures Through Strategic Innovation and Visual Thinking' and 'Introduction to Human Resource Management'.

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This is Kentucky Fried Chicken (KFC) SWOT analysis in 2013. For more information on how to do a SWOT analysis please refer to our article. Name KFC (Kentucky Fried Chicken) Founded March 20, 1930 Logo Industries served Restaurants, Fast Food Geographic areas served Worldwide Headquarters U.S.

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SWOT ANALYSIS

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Caroline Cummings, VP of Business Development at Palo Alto Software, provides a brief overview of what a SWOT Analysis is, and how to perform one. Tweet at Caroline: http://twitter.com/iamcarolina Bplans: http://bplans.com LivePlan: http://liveplan.com Palo Alto Software: http://paloalto.com

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Decision Making

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Benefits and Limitations of SWOT Analysis

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Benefits and Limitations of SWOT Analysis

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A SWOT (strengths, weaknesses, opportunities and threats) analysis can help you identify and understand key issues affecting your business, but it does not necessarily offer solutions. You should be aware of the limitations as well as the benefits of a SWOT analysis before you decide to conduct one.

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why do a swot analysis; limitations of swot; swot benefits; pros and cons of swot analysis; business strengths and weaknesses

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Benefits and limitations of SWOT analysis | Business Queensland

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Find out about the benefits and limitations of the SWOT analysis tool.

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Find your own Strength, Weaknesses, Opportunity and Threat!!

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Credit: chrupka/Shutterstock

A Strength, Weakness, Opportunity and Threat (SWOT) analysis is a common tool in the professional world to evaluate the past, present and future position of a company. It provides organizational leaders a new perspective on what the organization does well, where its challenges lie and which avenues to pursue. A personal SWOT analysis can do the same for an individual in pursuit of their career goals.

The SWOT analysis was first devised as a business tool in the 1960s by business icons Edmund P. Learned, C. Roland Christensen, Kenneth Andrews and William D. Guth. In 1982, Heinz Weihrich took it one step further, constructing a 2-by-2 matrix to plot out the answers to the four key questions for easy comparison. Strengths and weaknesses were across the top, and opportunities and threats in the bottom row. This remains the most common and effective way to conduct the analysis.

SWOT can help people become the best versions of themselves, said Marlo Zarka, a certified professional coach. When conducting a personal SWOT analysis, think about what you want out of it. Do you want a new job or a new achievement in your current position? Are you looking for personal growth, or want to try something new?

To conduct the analysis, ask yourself questions about each of the four areas being examined. Honesty is crucial, or the analysis will not generate meaningful results. With that in mind, try to see yourself from the standpoint of a colleague or a bystander, and view criticism with objectivity.

It's also important to imagine the potential of what you can become, noted Caroline Smith, a copywriter at Centrica.

"Don't limit yourself to the strengths that you're currently exhibiting in your job," said Smith. "List all of your strengths, even the ones that have been dormant for a while. And pay particular attention to the things that you have that your peers don't - how are you different, unique and special?"

To make a SWOT worth the time, you need to set aside the time to really think about, answer, then sleep on it and revisit it. You won't think of everything all in one sitting, and that question or answer that percolated in your brain overnight might be the most relevant and revealing insight in the entire exercise.

Begin by identifying your strengths. These are the traits or skills that set you apart from others. Questions to ask include:

What are you good at naturally?

What skills have you worked to develop?

What are your talents, or natural-born gifts?

The next step is weaknesses. This part examines the areas in which you need to improve and the things that will set you back in your career. Questions to consider include:

What are your negative work habits and traits?

Does any part of your education or training need improving?

What would other people see as your weaknesses?

For the opportunities section, look at the external factors you can take advantage of to pursue a promotion, find a new job or determine a career direction. Questions to examine include:

What is the state of the economy?

Is your industry growing?

Is there new technology in your industry?

Finally, look at any threats to your career growth. This part accounts for the external factors that could hurt your chances to attain your goals. Questions to consider include:

Is your industry contracting or changing directions?

Is there strong competition for the types of jobs for which you are best suited?

What is the biggest external danger to your goals?

Remember to be objective, and if necessary, consult others that know you. Moving outside your comfort zone will help you get the results you're looking for, instead of reinforcing your own beliefs.

You can evaluate your results using two popular methods. The first is matching. Matching means connecting two of the categories to determine a course of action. For example, matching strengths to opportunities shows you where to be aggressive and take action. On the other hand, matching weaknesses to threats exposes those areas you should work on or situations to avoid, and lets you know where to be more defensive of your position.

The second is to convert is to turn negatives into positives - in other words, converting your weaknesses into strengths, or threats into opportunities. This can mean growing a skill set through education or finding a creative way to feature a weakness as a strength. For instance, if you are very outgoing, working in an introspective and isolated environment may not suit you very well. But if you can work toward a position, such as sales, in which you interact with many people, that weakness turns into a strength and could allow you to excel.

Once your personal SWOT analysis is complete, it is crucial to follow through on the insights you uncovered.

"SWOT analysis can fail to be effective if it is simply treated as a 'laundry list,' without any tie-in to how the elements identified in the analysis can be put into play for the individual carrying out the assessment," Zarka said. "For example, how can the identified strengths move the needle in the endeavor to achieve a key goal? Or how can one navigate a potential threat once it is identified ... to ensure no ground is lost?"

"The best outcome is to take action and succeed in the opportunities you have identified," Smith added. "This can benefit you on a personal and professional level, and set you apart from your peers and colleagues."

Once you start using your results, track your progress. Set up measurements and milestones and keep working toward them. Step by step, little by little, you will get where you want to be, so get started now.
Additional reporting by Chad Brooks. Some source interviews were conducted for a previous version of this article.

Marci Martin

With an Associate's Degree in Business Management and nearly twenty years in senior management positions, Marci brings a real life perspective to her articles about business and leadership. She began freelancing in 2012 and became a contributing writer for Business News Daily in 2015.

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Conduct a Personal SWOT Analysis to Improve Your Career

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A Strength, Weakness, Opportunity and Threat (SWOT) analysis is a common tool in the professional world to evaluate the past, present and future position of a company. It provides organizational leaders a new perspective on what the organization does well, where its challenges lie and which avenues to pursue.

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Credit: patpitchaya/Shutterstock

A successful business is founded on a series of sound decisions, so the way you analyze situations and choose to react is essential. When trying to assess the lay of the land, few tools are more useful than the SWOT analysis. It stands for strengths, weaknesses, opportunities, and threats; the SWOT analysis is a planning process that allows your company to overcome challenges and determine what new leads to pursue.

The primary objective of a SWOT analysis is to help organizations develop a full awareness of all the factors involved in a decision. This method was created in the 1960s by Edmund P. Learned, C. Roland Christensen, Kenneth Andrews and William D. Book in their book " Business Policy, Text and Cases" (R.D. Irwin, 1969).

"It is impossible to accurately map out a small business's future without first evaluating it from all angles, which includes an exhaustive look at all internal and external resources and threats," said Bonnie Taylor, chief marketing strategist at CCS Innovations. "A SWOT accomplishes this in four straightforward steps that even rookie business owners can understand and embrace."

You could employ SWOT before you commit to any sort of company action, whether you're exploring new initiatives, revamping internal policies, considering opportunities to pivot, or altering a plan midway through its execution. Sometimes it's wise to perform a general SWOT analysis just to check on the current landscape in which your business finds itself. Performing a SWOT analysis is also a great way to improve business operations, said Andrew Schrage, partner and editor-in-chief of Money Crashers.

"It allowed me to identify the key areas where my organization was performing at a high level, as well as areas that needed work," said Schrage, who expanded on his thoughts about business decision making in a blog post. "Some small business owners make the mistake of thinking about these sorts of things informally, but by taking the time to put together a formalized SWOT analysis, you can come up with ways to better capitalize on your company's strengths and improve or eliminate weaknesses."

While the business owner should certainly be involved in creating a SWOT analysis, it could be much more helpful to include other team members in the process. Shawn Walsh, founder and CEO of Paradigm Computer Consulting, said his management team conducts a quarterly SWOT analysis together.

"The collective knowledge removes blind spots that, if left undiscovered, could be detrimental to our business or our relationship with our clients," Walsh said.

A SWOT analysis focuses on the four elements comprising the acronym, allowing companies to identify the forces influencing a strategy, action or initiative. Knowing these positive and negative elements can help companies more effectively communicate what parts of a plan need to be recognized.

When drafting a SWOT analysis, individuals typically create a table split into four columns to list each impacting element side-by-side for comparison. Strengths and weaknesses won't typically match listed opportunities and threats, though they should correlate somewhat since they're tied together in some way. Billy Bauer, managing director of Royce Leather, noted that pairing external threats with internal weaknesses can highlight the most serious issues faced by a company.

"Once you've identified your risks, you can then decide whether it is most appropriate to eliminate the internal weakness by assigning company resources to fix the problems, or reduce the external threat by abandoning the threatened area of business and meeting it after strengthening your business," Bauer said.

The first two letters in the acronym, S (strengths) and W (weaknesses), refer to internal factors, which means the resources and experience readily available to you. Examples of areas typically considered include:

Financial resources (funding, sources of income, investment opportunities)

Physical resources (location, facilities, equipment)

Human resources (employees, volunteers, target audiences)

Access to natural resources, trademarks, patents and copyrights

Current processes (employee programs, department hierarchies, software systems)

External forces influence and affect every company, organization and individual. Whether these factors are connected directly or indirectly to an opportunity or threat, it is important to take note of and document each one. External factors typically reference things you or your company do not control, such as:

Market trends (new products and technology, shifts in audience needs)

Economic trends (local, national and international financial trends)

Funding (donations, legislature and other sources)

Demographics

Relationships with suppliers and partners

Political, environmental and economic regulations

Once you fill out your SWOT analysis, you will need to come up with some recommendations and strategies based on the results. Linda Pophal, owner and CEO of Strategic Communications consulting firm, said these strategies should be focused on leveraging strengths and opportunities to overcome weaknesses and threats.

"This is actually the area of strategy development where organizations have an opportunity to be most creative and where innovative ideas can emerge, but only if the analysis has been appropriately prepared in the first place," Pophal said.

Bryan Weaver, a partner at Scholefield Construction Law, was heavily involved in creating a SWOT analysis for his firm. He provided Business News Daily with a sample SWOT analysis template used in the firm's decision to expand its practice to include dispute mediation services.

STRENGTHS

Construction law firm with staff members who are trained in both law and professional engineering/general contracting. Their experience gives a unique advantage.

Small (three employees) - can change and adapt quickly

WEAKNESSES

No one has been a mediator before or been through any formal mediation training programs.

One staff member has been a part of mediations but not as a neutral party.

OPPORTUNITIES

Most commercial construction contracts require mediation. Despite hundreds of mediators in the marketplace, only a few have actual construction experience.

For smaller disputes, mediators don't work as a team, only as individuals; Scholefield staff can offer anyone the advantage of a group of neutrals to evaluate a dispute

THREATS

Anyone can become a mediator, so other construction law firms could open up their own mediation service as well.

Most potential clients have a negative impression of mediation, because they feel mediators don't understand or care to understand the problem, and rush to resolve it.

Resulting strategy: Take mediation courses to eliminate weaknesses and launch Scholefield Mediation, which uses name recognition with the law firm, and highlights that the firm's construction and construction law experience makes it different.

"Our SWOT analysis forced us to methodically and objectively look at what we had to work with and what the marketplace was offering," Weaver said. "We then crafted our business plan to emphasize the advantages of our strongest features while exploiting opportunities based on marketplace weaknesses."

The SWOT analysis is a simple, albeit comprehensive strategy for identifying not only the weaknesses and threats of a plan but also the strengths and opportunities it makes possible. However, a SWOT analysis is just one tool in the strategy toolbox. Additional analytic tools to consider include PEST (political, economic, social and technological), MOST (mission, objective, strategies and tactics) and SCRS (strategy, current state, requirements and solution) analyses.

SWOT can also prompt businesses to examine and execute strategies in a more balanced, in-depth way. The following websites can help you conduct a thorough SWOT analysis of your own business:
Additional reporting by Adam C. Uzialko. Some source interviews were conducted for a previous version of this article.

Nicole Fallon

Nicole received her Bachelor's degree in Media, Culture and Communication from New York University. She began freelancing for Business News Daily in 2010 and joined the team as a staff writer three years later. Nicole served as the site's managing editor until January 2018, and now leads Purch's B2B copy and production team. Reach her by email, or follow her on Twitter.

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SWOT Analysis: What It Is and When to Use It

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A successful business is founded on a series of sound decisions, so the way you analyze situations and choose to react is essential. When trying to assess the lay of the land, few tools are more useful than the SWOT analysis.

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A SWOT analysis is an organized list of your business’s as well as our own personal greatest strengths, weaknesses, opportunities, and threats.

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One of the most frequent questions I get about being a highly-engaged hands-on manager is "What is the best way to start out, at the beginning of a management relationship? Is it better to start off being hands off and then gradually become more hands on? Or is it better to start out being more hands on and then gradually become more hands off?"

Remember the old rule when it comes to school teachers? Start off very strict and then, after the students come to expect, accept, and adapt to the strict regime, you can relax a bit. As long as the students continue to act like they are still in the strict regime, you don't have to be quite as strict.

The same basic rule applies to managing employees, but you have to do it one person at a time. If you start out very hands on, you'll figure out just how closely the person needs to be managed and you can calibrate your approach accordingly. As well, you'll make it clear right at the outset that your expectations are high and that you are willing and able to manage very closely.

So start out very hands on:

Meet with the employee every day. Break goals down into lists of concrete action steps with lots of guidelines and very short deadlines. And then, as the employee delivers on those expectations, you can gradually back off.

If the employee keeps delivering, back off some more. But don't back off too much. Keep meeting regularly to review priorities, clarify expectations, and to monitor, measure and document that person's performance. If the employee's performance falters in any way, tighten the reins for a while. Be much more hands on. If the employee slows down, be more hands on. If the employee starts missing details, be more hands on. If there is some behavior problem, be more hands on. And by the way, the same goes for any major change that is not related to a diminution of the employee's performance: If there is a big change in circumstances, be more hands on. If the employee has a change in role, new tasks or responsibilities, a new project, be more hands. Be more hands on until you have things under control, until the employee is acting like he is in a strict regime. Then you can back off again.

***

The obvious corollary here is this: What about training? Shouldn't we be able to train employees thoroughly at the outset of their employment and then expect them to do their jobs properly? Think about the Marine Corps. They put their new employees through an eleven week boot camp. But after that, they still manage them very, very closely. Do you have an eleven week training program to tear down and rebuild your new employees? Just how thorough and rigorous is your initial training? Even if it is thorough and rigorous, you cannot simply train a new employee and then assume that he will do all the work very well very fast all day long. You have to keep managing that person. In that sense, you could say that there is little difference between good management and ongoing training. You cannot simply train an employee once at the outset of a job and assume he has all the tools and techniques he needs to do the job properly. You have to talk with the employee about his work on an ongoing basis: Talk through tasks step by step, spell out expectations, and go over standard operating procedures. Then you have to monitor his actual work performance to see that he gets it right. Reinforce him when he gets it right and correct him when he gets it wrong. If he keeps getting it wrong, break it down into smaller pieces and spell it out more clearly... over and over again. If he keeps getting it right, take a step back, give him some more space to make decisions and take action on his own. Keep monitoring his performance to see that he continues making the right decisions and taking the right actions. If he does, reinforce and reward him accordingly. Perhaps he is ready for expanded tasks and responsibilities.
Bruce Tulgan is Founder and Chairman of RainmakerThinking, Inc.. He is internationally recognized as the leading expert on young people in the workplace and one of the leading experts on leadership and management. Bruce is a best-selling author, an adviser to business leaders all over the world, and a sought-after k!eynote speaker and management trainer.

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One of the most frequent questions I get about being a highly-engaged hands-on manager is "What is the best way to start out, at the beginning of a management relationship? Is it better to start off being hands off and then gradually become more hands on?

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Differences between Managers and Leaders

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Differences between Managers and Leaders

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