Business Sustainability Performance †Free Samples to Students

Question: Discuss about the Business Sustainability Performance. Answer: Introduction The main purpose of strategic operations management is to help and support the business organizations to increase the overall performance. In order to achieve strategic operations successfully, the business organizations need to consider efficiency and flexibility. The strategic operations management consists of competitive business approaches and moves to ensure successful business performance. This helps the organizations to define the mission and vision of the business by setting accurate objectives and implementing and executing suitable strategies. The fact that everything is done strategically, defines the success of the operations management. This report emphasizes on identifying and analyzing the operations of the organization named Tindo Solar by considering the value chain of the organization. The report also includes the inbound and outbound logistics of the company and its effect on the customers. Tindo Solar is a solar panel manufacturing company based in Adelaide, Australia. Tindo Solar is a national company that designs and manufactures solar panel products strictly based on the Australian conditions. The products manufactured by the company are of superior-quality due to which the products are highly preferable among the customers. The solar panels manufactured by the company require minimal maintenance thereby, making the products cost-effective for the customers. Due to technological advancements, the company has incorporated the latest features in the solar panel products. Therefore, the solar panel products manufactured by Tindo Solar are highly automated and technologically advanced. By considering the present market trend, the company has made required amendments and inclusions in terms of technology in the products. As a result, the solar panels by Tindo Solar are highly preferable within the market and the customers. Moreover, the company provides various service o ptions to the customers such as easy finance and installation along with the installation charge as low as $2000. Furthermore, the company provides more than 20 years as guarantee period thereby, making it more reliable for the customers[1]. Day-to-day operation of Tindo Solar In order to run a business successfully, it is essential for the business organizations to conduct certain operations strategically. This helps in maintaining the track of the various strategic activities conducted for successful business operations. Settings goals timely and the ability of the business organizations to manage the vicissitudes of the daily operations of the business highlight the backbone of the business[2]. Therefore, effective management of the daily operations of Tindo Solar includes managing finances, operation planning, protection of business, benchmarking, supply chain management, management leadership, organizational design and business sustainability[3]. Finance management is a crucial aspect of for Tindo Solar, as this provided opportunity for appropriate financial resource management. Financial management is concerned with the acquisition, financing and management of assets thereby, resulting in the success of the business[4]. The business organizations fail to utilize its complete potential for growth and expansion without proper administration and effective utilization of finance. The main factors of financial management include investment decision, financing decision and dividend decision[5]. Therefore, Tindo Solar need to manage the finance of the company to conduct business successfully. By strategically conducting the investment decision, Tindo Solar will be able to determine the total amount of assets required retention by the organization. Secondly, Tindo Solar needs to manage the supply chain effectively as this will allow the organization for effective management of network planning, inventory control, distribution strategies, outsourcing and procurement[6]. The supply chain of Tindo Solar will help the organization to integrate the stakeholders from the supplier to the customers. This will also help Tindo Solar in promoting mutual sharing of information among the channel members thereby, helping planning and monitoring of the processes[7]. Co-operation among the channel members are essential for effective management of supply chain by promoting coordinated activities by Tindo Solar. Benchmarking is defined as the continuous systematic process of measuring own output or work process against the toughest competitors in the market[8]. Continuous benchmarking will help Tindo Solar to identify their strengths and weakness and work on it to sustain in the competitive market. As the use of solar panel is highly facilitated In Australia, it is essential for Tindo Solar to continuously compare and contrast their operational strategies with the best in the market. Therefore, this will help Tindo Solar to satisfy the customers better by fulfilling the needs and establishing new standards and goals[9]. Moreover, benchmarking will also motivate the employees of Tindo Solar by challenging them professionally and provide career growth. Ensuring business sustainability will allow Tindo Solar conduct business in Australia without hampering the environment but contributing towards the economy of the country[10]. Business sustainability is an integral part of the corporate risk management, as this allows the business organizations protect the environment while conducting business. Therefore, environmental sustainability for the business of Tindo Solar will provide an opportunity for the company to make responsible business decisions. Considering the nature of work done by Tindo Solar, it is already beneficial for the environment, as it is facilitating the use of solar panels within the people. Therefore, both economic and environmental aspect of the country is benefited due to appropriate business sustainability. Linking to the company operations The concept of lean product management theory is defined as the ability of the business organizations of being less wasteful along with doing things that are big for the country, its economy and the environment[11]. However, lean product management theory does not signify being cheap. Therefore, implementation of lean product management theory will help Tindo Solar to maintain the operations of the company by maintaining their profit level along with being less wasteful. The implementation of lean product management theory allowed the managers of Tindo Solar to get the value of the products to the market rapidly. The use of solar panels is highly preferable among the Australian population. Based on the increasing demand for the use of solar panels among the population, the managers of Tindo Solar has served the market. The company began its operation in 2003 and since then has been able to grow their business and customers base successfully. The organization has even opened its branches in Melbourne since the organization began conducting business. The use of this theory has helped Tindo Solar to penetrate the market into the half. Market penetration helped Tindo Solar in working towards the goal instead of building arbitrarily. According to the theory, the managers of Tindo Solar are able to explore the problems rather than emphasizing solely on the requirements. After evaluating the market, the managers came to know about the requirement of the customers. The customers were also encountering issues in terms of maintaining electricity and paying huge bills. Therefore, the company was able to explore the problems of the customers and gather to required features for solving the problem. The company started manufacturing and installing solar panels for the customers thereby, ensuring both solar and environmental help. The company also emphasized on spreading awareness among the people regarding the diverse application of solar panels along with low maintenance and fewer electricity bills. Sustainability of the business operations of the company Ensuring business sustainability will allow Tindo Solar conduct business in Australia without hampering the environment but contributing towards the economy of the country[12]. Business sustainability is an integral part of the corporate risk management, as this allows the business organizations protect the environment while conducting business. Therefore, environmental sustainability for the business of Tindo Solar will provide an opportunity for the company to make responsible business decisions. Considering the nature of work done by Tindo Solar, it is already beneficial for the environment, as it is facilitating the use of solar panels within the people. Therefore, both economic and environmental aspect of the country is benefited due to appropriate business sustainability. The demand of using solar power panel in Australia has increased over the years due to the adverse environmental impact of the conventional electricity system[13]. The heating and cooling machines and systems contribute adversely towards the environment. Therefore, ensuring business sustainability will allow Tindo Solar to manage financial, environmental and social opportunities and obligations appropriately. It has been seen that in order to progress and compete, the business organizations are undertaking strategies without considering the adverse environmental impact. Global warming is one of the biggest examples of such negligence[14]. One of the sustainable business strategies undertaken by Tindo Solar is that the company has taken the initiative of going green with the commercial solar panel in Adelaide and Melbourne[15]. According to the rules and policies of the Australian Government, it is important for the organizations to produce energy from renewable resources[16]. The main motive of Tindo Solar is to produce residential and commercial energy to the people from sunlight. The company installs solar panels on the roofs and ground of the premises in such a way that direct sunlight falls on the panels. The photons of the sunlight then reach the panels and the photovoltaic tubes help in transferring it into useable energy. The use of solar panels for both commercial and residential is beneficial for the environment. The use of solar panels are beneficial are it is one of the renewable producers of energy. Solar panels can be used in all parts that receive sunlight[17]. The use of solar panel as the source of energy completely mitigates the chances of power or electricity cut. Moreover, solar panels can be used as long as sunlight is present in the environment. Therefore, this is a sustainable business approach used by the Tindo Solar that is beneficial for the country, its people and the environment. The solar panels provided by Tindo Solar have diverse applications but low maintenance costs thereby, making the use extremely profitable and beneficial for the environment and the company. The customers using solar panels only need to keep the panels clean and has no other maintenance costs[18]. Moreover, Tindo Solar provides a warranty period of more than 20 years for the products they install thereby, m aintaining sufficient environmental, social and financial sustainability. Conclusion In this report, it can be concluded that Tindo Solar needs to implement strategic operations management for conducting business successfully. Tindo Solar energy is a solar company based in Adelaide, Australia. It is important for the company to manage the strategic operations in terms of financial management, benchmarking, supply chain and sustainability appropriately. The use of lean product management theory will help the organization to maintain the operational management of the product. The use of this theory helped Tindo Solar to manufacture products with huge benefit but not cheap. Moreover, Tindo Solar has a sustainable approach towards the environment of the country, as the company primarily emphasizes on the manufacturing of solar panels and installing them. This is a huge initiative undertaken by the company, as the solar panels have diverse applications and low maintenance costs. In addition to, the company also provides more than 20 years of warranty on their products the reby, ensuring financial and social sustainability. References Amigoni, Francesco, et al. "Competitions for benchmarking: task and functionality scoring complete performance assessment." IEEE Robotics Automation Magazine 22.3 (2015): 53-61. Azevedo, Susana G., et al. "Influence of green and lean upstream supply chain management practices on business sustainability." IEEE Transactions on Engineering Management 59.4 (2012): 753-765. Bansal, Pratima, and Mark R. DesJardine. "Business sustainability: It is about time." Strategic Organization 12.1 (2014): 70-78. 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