Saturday, February 22, 2020

Sustainability and Competitive Advantage Article

Sustainability and Competitive Advantage - Article Example Stakeholders and executives are greatly worried about the impacts of sustainability efforts on their corporate bottom line. The evaluation criteria are based on a company’s business strategy developed to establish sustainability and a competitive advantage to the company. This report demonstrates what companies have done to capitalize on sustainability-driven transformations in consideration to the MIT Sloan Article by Berns et a; (2009) on Sustainability and Competitive Advantage. It seeks to analyze the kind of strategies that the companies have attempted to pursue in order to position themselves competitively in the future. In the examination of this, the study has based its examination on the Wal-Mart Stores Inc (Amann, 2011, pg.11). Wal-Mart Stores Inc. is among the companies in the retail sector that have demonstrated the achievement of sustainability in the competitive advantage over a long period of time. In this report, there is much focus on how Wal-Mart has maintained sustainability and achieved competitive advantage by providing good at lower prices and adopting a cost leadership strategy as suggested in the MIT Sloan Article by Berns et a; (2009) on Sustainability and Competitive Advantage. Wal-Mart is seen to take lead on environmental sustainability by offering environment-friendly products and investing in solar power plants in its various stores. The company has also encouraged recycling of various products. Their business strategy has helped in reduction of power consumption to a great extent and in the company’s future plans to go green (Bamford andWest, 2010, pg. 90). MIT Sloan Article by Bern’s et. al (2009) emphasizes on cost leadership strategy which is very helpful in businesses in achieving a competitive advantage in the market. Companies that seek to enhance their profile in sustainability should begin by undertaking self-evaluation. Sustainability, as discussed in the MIT Sloan Article, entails the development of a prà ©cis business strategy that seeks to maintain the business in a competitive margin and uphold its sustainability in their future.   

Thursday, February 6, 2020

Personal development action plan Essay Example | Topics and Well Written Essays - 1750 words

Personal development action plan - Essay Example More importantly, I am adequately knowledgeable about the action of various drugs. This knowledge enables me to determine the allergic reactions which would emanate from the administration of various preparations. Caulfield (2005, p. 43) reflects that a prescriber should be able to understand the possible adverse effects which would result from administration of various drugs to patients. The knowledge that I have on the adverse effects of drug preparations has enabled me to be able to inform the patient accurately of the possible side effects of drugs. Chernecky (2001) illustrates that knowledge of the side effects of various drug preparations is mandatory for nurses and drug prescribers because it enhances decision making in treatment and as a result leads to quality in drug administration and patient care in general. Additionally, I am aware of the toxicity which would result from the administration of specific preparations. This knowledge ahs enabled me to achieve proper and effe ctive management of drug administrations with a view of avoiding possible toxicities. ... Nonetheless, effective application of this knowledge has enabled me to achieve success in drug administration. In addition to my knowledge of the various concepts of drug administration and the ability to apply this knowledge, I am equipped with relevant skills in the administration of medicine to patients. The skills I have include effective communication during drug administration, accuracy in documentation and the ability for effective application of the six rights in drug administration. Nursing and Midwifery Council (2004) stipulates that in the administration of drugs, nurses must apply their communication skills effective to ensure that patients are adequately informed about the administered drugs. Through communication, I am to understand the previous drug history of the patient and matters which would affect the efficacy or potency of drugs in addition to the possible adverse effects which would stem out of the use of specific drug preparations. Additionally, through effecti ve application of my communication skills during administration of medication, I am able to collaborate effectively with other medical professionals to ensure high quality in health care delivery. Bennett (2010, p. 22) stipulates that in the administration of medicine to patients, nurses are mandated to apply their skills and knowledge to ensure that the right medication, dose, route, documentation and time are applied in the administration of drugs to the right patient while respecting the right of the patient in the refusal of the medication (Lippincott Williams & Wilkins, & Ovid Technologies, Inc., 2003). Areas of Development Regardless of