ScenarioYou work as the chief supply-chain officer at the large international corporation, NationaliTeas. NationaliTeas manufactures and sells tea worldwide. Its motto is “Keeping people and their...

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Scenario


You work as the chief supply-chain officer at the large international corporation, NationaliTeas. NationaliTeas manufactures and sells tea worldwide. Its motto is “Keeping people and their taste buds awake (when they want to be awake).” Its mission is “Make the world more awake through rejuvenating and refreshing beverages and sustainable practices that uplift workers, communities, and souls.” Its vision is “to be the most respected tea manufacturer across at least three continents for our tea and our actions, which will be driven by a commitment ethical sourcing, minimal waste, and empowerment of our employees.”


You would like to establish an operational goal of having your corporation apply for a B Corp Certification within the next two years. You believe this would add value to the organization and help it to prioritize a stronger focus on sustainable operational practices. You have conducted a preassesment based on the recommendations for applying for B Corp Certification, and you’ve evaluated the corporation’s current strengths and areas for improvement.


Now you need to develop a proposal for the board of directors that explains why prioritizing the triple bottom line (TBL) through working toward B Corp Certification has organizational value. You must also propose three high-impact initiatives to help strengthen the corporation’s commitment to people, planet, and profit based on your evaluations.




  1. Part One: Justification of Benefits: Justify the value of working toward more intentionally incorporating the TBL framework into organizational decision making, specifically how ethical business practices regarding people, planet, and profit can benefit society, the environment, and the company’s profit. Specifically, address the following:


    1. Key Components: Explain the three key components of the TBL framework and how each component benefits businesses and society.


    2. Organizational Value: Provide a justification regarding the value and benefits of using the TBL framework to inform corporate decision making, and explain connections between the organizational mission and the organizational vision.


    3. B Corporation Benefits: Briefly describe the organizational benefits of attaining B Corp Certification.




  2. Part Two: Operational Recommendations: Read through the Preassessment Evaluation Summary (located in the Supporting Materials section) for each aspect of the TBL (people, profit, and planet). You will need to provide a detailed description of the initiatives that will create the needed improvement. You should note the organizational and societal value of the initiative along with the operational management techniques recommended to plan and complete each initiative. For each of your three initiatives, address the following:



    1. Organizational Impacts: Describe the organizational benefits of each initiative, specifically noting the expected positive impact of completing each. Examples of positive impacts include better alignment to the organization’s mission, vision, and culture statements; increased amounts of funds or resources saved; and improvements to the organization’s brand.


    2. Societal Impacts: Describe the societal benefits of each initiative, specifically noting the expected positive impact of completing each. Examples of positive impacts include increased community building and positive environmental impact.


    3. Customer Impacts: Describe the consumer benefits of each selected initiative, specifically noting the expected positive impact of completing each. Examples of positive impacts include increased alignment to target markets, improved product access and availability, and improved customer satisfaction.


    4. Business Risks: Explain the business risks associated with prioritizing, planning, and resourcing each initiative and how these risks will be considered and monitored.


    5. Operational Management Techniques: Recommend an operational management strategy or technique (e.g., project management, lean manufacturing, or Six Sigma) that is appropriate to implement for each selected initiative, and explain why.


    6. Defining Requirements and Scope: Define the requirements for the successful implantation of each selected initiative as well as the scope of each. Describe how changes to the requirements and scope would impact timelines, budget, and risk.


    7. Roles and Responsibilities: Explain the key internal and external stakeholders who would be involved in planning and implementing each selected initiative, as well as why each identified stakeholder is needed to successfully implement the initiatives.








To complete this project, you must submit the following:


Submit your project usingoneof the two formats listed below. Please note that your submission should include both Part One and Part Two of your project. For either format, sources should be cited according to APA style.




  • Written Report: Submit a 1,500- to 1,700-word Word document. Use APA style.


  • Slideshow Presentation: Submit a 10- to 12-slide presentation with speakers notes. Your slideshow should be submitted as a PowerPoint or PDF document. Example tools that could be used to create your slideshow include:

    • PowerPoint

    • Canva

    • Prezi










Answered 1 days AfterOct 15, 2022

Answer To: ScenarioYou work as the chief supply-chain officer at the large international corporation,...

Asif answered on Oct 17 2022
50 Votes
2
NATIONALITEAS
REPORT
Executive Summary
This study showcases the operational goals and values of NationaliTeas. The concerned firm manufactures and also sells across the world. The motto of the company is to make the taste buds of the people awaken. The report deals with TBL framework and prior recommendations for the growth of the company. Fair wages can help the employees to maintain a standard of living in this global market. Lowering the pollution rate and using recyclin
g methods in some cases might be helpful. Through this NationaliTeas can gain support of shareholders and gain maximum profit. Through employee benefits and a protective environment, more consumers can be attracted. More funds can be gathered and work culture can also be maintained. Through CSR, low-emission and recycling methods environment can be sustained. The requirement needs a good budget for holding team meetings. Customers by giving positive responses might increase the chance of being fair with employees of NationaliTeas. This can enhance the trust of shareholders as well. If the new strategy is concerned, it will be beneficial to keep the record of the employees. In this modernized era usage of social media is of utmost importance. Promotion and online marketing can help the firm to come across more number of customers. A strong network building can be taken place. If survey is done customers positive and negative response can be taken into consideration. This might make NationaliTeas to look after and improve its loopholes. It can be helpful in strengthening the financial position in this competitive era.
Table of Contents
Introduction    4
Part1: Justification of Benefits    5
Key Components    5
Organizational Value    6
B Corporation Benefits    7
Part 2: Operational Recommendations    8
Conclusion    12
Reference List    13
Introduction
NationaliTeas is a worldwide tea seller and manufacturer. The motive of the organisation is to “keep the people and their taste buds awake”. The company believes that ethical sourcing, minimal waste and employee empowerment can bring respect to the firm. NationaliTeas mission is to awaken people through refreshing and rejuvenating beverages. The report is likely to highlight the operational goals considering B Corp Certification of NationaliTeas. The assessment process of a company is affected by the B Corp Certification (Villela, Bulgacov & Morgan,2021).
Part1: Justification of Benefits
Sustainability can be regarded as an important aspect of management in a smart way. It is viewed that for a company to have sustainable growth some aspects are to be followed. The company need to be environmentally friendly, economically viable and socially responsible(Yun et al., 2018). TBL framework refers to profit, planet and people.
Key Components
TBL (Triple Bottom Line) suggest that the environmental and social impact of the firm must be measured. The framework of TBL mainly focuses on planet, people and profit("The Triple Bottom Line: What It Is & Why It’s Important", 2022). NationaliTeas must be working on three bottom lines which are discussed below
· Profit: NationaliTeas success depends upon its profit and financial performance. Cost reduction can be helpful for NationaliTeas whereas the manufacturing process needs to be efficient. It is necessary to lower overproduction. It can encourage society to take risks, innovate and invest more in business.
· People: Employees are an essential source of making a profit in this competitive market.NationaliTeas need to assure the workers that for their hard work they will be appreciated. Fair wages, equal job opportunities and rewards must be given to the employees(Villela, Bulgacov & Morgan,2021).
· Planet: NationaliTeas's other concern is concerning its environment. It can contribute in case of change in the climate. The usage of tea plants which are flood tolerant is likely to protect biodiversity("Environmentally sustainable tea - Ethical Tea Partnership", 2022). Greenhouse gas needs to be reduced for the growth of the concerned firm.
Figure 1: Sociotechnical
(Source:Cahill et al., 2021)
Organizational Value
There are various influences on the business through changes in the environment, society and economy. TBL helps cultivate resources and capabilities(Ferro et al., 2019). Benefits and value of using TBL framework is stated below.
· The rate of retention rate can be more as employees like to work in a pleasant atmosphere. Employee satisfaction might enhance the quality of the product.
· Community support can be gained by NationaliTeas as consumers are attracted towards a firm which values them and the environment. CSR, reduction of emissions and biodiversity are positive approaches to having a profitable business(Ferro et al., 2019).
· This can also help in improving relations with customers....
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