What is the impact of non-value added activities on organizational efficiency?5 answersNon-value added activities have a significant negative impact on organizational efficiency. These activities, such as unnecessary movements, waiting times, and excess inventory, lead to increased costs, reduced profits, and dissatisfaction among customers. Studies have shown that implementing systems like Kaizen cost calculation, activity-based management, and Manufacturing Cycle Effectiveness (MCE) analysiscan help identify and eliminate non-value added activities, thereby improving efficiency. By reducing or eliminating these wasteful actions, organizations can streamline processes, enhance productivity, and ultimately achieve a competitive advantage in the market. Therefore, addressing non-value added activities is crucial for organizations striving to optimize their operations and deliver value to customers.
With which activities do businesses that publish and do not publish reports create social value?5 answersBusinesses that publish reports on their social responsibility activities create social value through transparent communication, building partner relationships, and incorporating social and environmental initiatives into their strategies. On the other hand, companies that do not publish reports may still engage in creating social value through corporate philanthropy, supporting social enterprises, and engaging in activities that benefit society and the environment. Non-financial reporting plays a crucial role in ensuring corporate social responsibility (CSR) and sustainable development, allowing companies to attract new customers, investors, and contribute to societal well-being and environmental conservation. Both types of businesses can contribute positively to society, either through direct reporting or through various social initiatives and partnerships.
What are the value creating activities in a company?5 answersValue creating activities in a company include collaborations with non-governmental organizations (NGOs) to facilitate value creation through CSR initiatives and sustainable innovation/R&D. Effective management of innovation processes, such as the Stage Gate Control Process, also drives company value by accelerating new product development and shortening time to launch. Additionally, the adoption of a business model that fits the organization is crucial for SMEs transitioning to an online multichannel context, requiring various value creating activities at different stages of the transition. Furthermore, paying attention to the needs of the client base and ensuring that the value of investments grows sufficiently above their cost are important factors in value creation for organizational institutions. Overall, value creating activities encompass CSR collaborations, innovation process management, business model adaptation, and customer-centric approaches.
What are some examples of extra legal activities?4 answersExtra-legal activities can take various forms. For law students, extracurricular opportunities such as working in a law clinic, engaging in pro bono work, participating in voluntary activities outside the legal arena, and taking on paid work are considered extra-legal activities that can provide valuable skills and benefits for their studies and future careers. In the context of the functioning of modern states, extra-legal activities refer to deviations from legal structures and processes. Examples include the Susurluk Affair in Turkey, the Iran-Contra Affairs in the USA, GAL in Spain, the Gibraltar Killings committed by UK soldiers, and enforced disappearances in Argentina. In the legal arena, amici curiae, or friends-of-the-court, may introduce additional arguments through the filing of amicus curiae briefs, which may incorporate extra-legal sources to support their arguments in court cases such as Fisher v. University of Texas at Austin. Non-judicial functions performed by members of courts, such as deciding on rules and granting warrants, are also considered extra-legal activities. In the context of formal social control, extra-legal characteristics, such as offender education and age, influence decisions to mobilize criminal and civil outcomes, as seen in victim organizations' response to employee fraud.
What are the value chain activities that are most important to a company?5 answersThe most important value chain activities for a company include sales and marketing, outbound logistics, production, and customer service. These activities are crucial for optimizing value creation and ensuring the efficient development of the value chain process. Additionally, the value chain of a company is not limited to its internal activities but also involves the value chains of other actors in the market network, such as suppliers, business partners, and customers. The interdependent linkages between these activities and the way they are performed contribute to cost reduction and value added. Furthermore, value chain activities that have positive effects on a company's profitability are essential for creating competitive advantage. By identifying and improving these core activities, a company can enhance its value chain structure and enhance its competitiveness.
What are some non-existing names of businesses?3 answersThere is no specific information provided in the abstracts about non-existing names of businesses.