Proctor and Gamble Business Plan Free Essays

Business Plan Component Subject: Entrepreneurship Company name: Proctor Gamble Team name: TBA Sources: http://finance. yahoo. com/q/pr? s=PG, http://subscriber. We will write a custom essay sample on Proctor and Gamble Business Plan or any similar topic only for you Order Now hoovers. com/H/company360/history. html? companyId=11211000000000, www. pg. com, http://blog. marketingdoctor. tv/2008/06/06/dr-tantillos-30second-how-to. aspx Weekly stock prices: 2/4 Mon 75. 26 2/5 Tue 75. 70 1 – Who founded your company? Where? When? Why did the person start the company? What was the original product? What are the products or services your company offers today? William Procter, a candle maker, and James Gamble, a soap maker, founded the company called The Procter Gamble Company, also known as PG, on October 31, 1837. They merged their own small businesses and initially settled in Cincinnati, Ohio, USA. Alexander Norris, their father- in- law, persuaded them to be a business partner to each other. Therefore, they created the company and during the American Civil War, they provided the Union Army with soaps and candles. In 1880s, they marketed a new soap, called Ivory, and since then, they have extended their businesses. Today they operate in 6 sections: Beauty, Grooming, Health Care, Fabric Care and Home Care, Snacks Pet Care segment and Baby Care and Family Care. They have Head Shoulders, Olay, Pantene, SK-II, Wella, Braun, Fusion, Gillette, Mach3, Ace, Febreze and Downy brand names and so on. 2- What was the original form of ownership? Sole Proprietorship, Partnership, or Corporation? Has the company changed its form of ownership over the years? Why did it change? It was originally a company based on partnership. However, William Arnett Procter, William Procter’s grandson introduced the profit sharing program in 1887 by giving workers shares in the company to prevent strike. 3 – Was the founder of your company an Entrepreneur? Justify your answer. The founders of P;G are deserved to be defined as Entrepreneurs. Entrepreneur itself eans that someone who is adventurous businessman struggling to make business more profitable, creates new things and likes to challenge. These aspects are also shown in William Procter and James Gamble. They were not satisfied with their position, instead expanded their businesses, took over other companies running a risk and prospered through the technology switchover. 4 – When your company was founded was it local, regional, national, international, or multinational? What is your company today? Justify your answer It was totally local. At first it just provided the North Army with soaps and candles, but after the American Civil War, they got fame from soldiers all over the world and established another corporation in New Castle, England in 1930. Since then, it has enlarged their field of business all around the world and nowadays it has been regarded as multinational company because of their marketing strategies and the background of faculties. How to cite Proctor and Gamble Business Plan, Papers

E Procurement Systems

Question: Discuss about theE Procurement Systems. Answer: Introduction Due to the growing technological advancements in the business transactions today, E-procurement has been increasingly gaining significance in the integration of the various business processes, such as entry of the receiving material from the suppliers, getting customer orders, auditing, delivery of the materials to the B2B or B2C markets and checking status of orders and payment details electronically. The various components of the e-procurement, such as purchase order integration, e-tendering, shipment management, e-auditing, status updates of active order, and vendor management assist to integrate the business processes and activities electronically (Pablos and Patricia, 2012). This essay will describe the understanding of the e-procurement systems, contribution of e-procurement in the effectiveness of the supply chain operations and purchasing functions, and challenges of adopting the e-procurement system by the business organizations. Main Body Understanding of the E-Procurement Systems E-procurement is an integral part of the modern businesses whether private or public sector business enterprises as it offers a range of supply chain network services to support the global procurement transactions by using the internet system, digital connectivity, and ERP technology. E-procurement is termed as purchasing the good and services electronically by using internet system and digital technologies. It involves the components, like supply chain automation, purchasing order integration, e-tendering and e-auditing, shipment management, online catalogs from the approved vendors, checking status of orders, and electronic request for submit proposal (e-RFP process). The e-procurement is an automation tool for the corporation of the supply chain operations and purchasing transactions (Toktas-Palt, Baylav, Teoman, and Altunbey, 2014). It provides a comprehensive integrated IT network for promoting the leverage group buying and purchasing discipline for all procurement transactions responsible in an organization. E-procurement provides online information for the convenience of both business enterprises and customers as it provides the data related to the procurement processes, such as online order placement, online payment of money and confirmation of delivery of products. E-procurement is a significant part of E-commerce that is effective to manage the business transactions across the national boundaries electronically. It assists the business firms (private and public sector firms) to carry out the procurement activities through B2C (business to customer) and B2B (business to business) on enterprise resource planning and web-based exchange system. In the growing rapid technological dynamics in the modern businesses, E-procurement has been increasingly used by the manufacturing firms and service industries in both private and public sectors, such as oil, gases, and mining firms, production firms, and professional services to facilitate the business transactions electronically related to the purchasing functions and supply chain operations Boariu, N. (2015). E-procurement is the electronic transaction of the goods and services to the B2B and B2C customers as well as accounting and auditing the materials or goods supplied from the suppliers electronically by using the internet systems, networking infrastructure and information technologies, such as ERP (Enterprise Resource System) and EDI (Electronic Data Interchange). The functions of e-procurement consist, like electronic order processing, e-informing, e-auctioning, e-tendering, e-payment, vendor management, invoice management, catalogue management, request requisition, purchasing order integration, order status, shipping notice, contract management (Shaw and Qualls, 2012). E-procurement includes features, such as purchasing orders, budgeting, requisitioning, approval management, quotation management and invoicing. E-procurement assists in the vendor/supplier management by maintaining all accounts of the purchasing transactions or procurement processes as well as maintaining good vendor relationships electronically (William, 2007). It assists in the indent management by facilitating the online creation of the procurement processes and goods indents and estimates in the standardized electronic formats for the approval. It facilitates e-tendering and e-auctioning through the creation of online tender notification and document management and publishing, submission of requisition for online bid, evaluation and shortlisting, and auctioning electronically. It also assists in information system management by integrating the different business processes in order to generating reports electronically. It also facilitates the catalogue management of new and existing business contracts. It facilitates contract management through issuing the electronic purchase orders, updating of management of work progres s, and customer relationship management (Ramanathan, 2004). The e-procurement is also effective to facilitate and manage electronic or online payment of bid submission fees, tender management, EMD (equity monthly deposits) and payment to vendors or suppliers. Contribution of E-procurement Systems Toward the Efficiency of the Supply Chain Operations and Purchasing Function The implementation of the e-procurement systems enhances the effectiveness and efficiency of the purchasing function and supply chain operations by facilitating changes in the organizational characteristics, procurement structures and processes, total cost of acquisitions, and change in governance structure, implementation, and management. The e-procurement system is effective for the business enterprises to provide both strategic advantage and operational benefits. It enhances the effectiveness of the procurement process, purchasing function and supply chain management operations and thereby reducing the total costs of the procurement. It contributes toward the operational efficiency of the procurement function by reducing the operational costs, delays, and paperwork through the cycle-time savings, errors savings, and staff savings. Better availability of the purchasing information and reduction in the cycle time through the e-procurement function help in the centralized control of the purchasing procedures, reducing the inventory, and better business planning (Vaidya and Kishor, 2011). The e-procurement function provides avenue for buying the goods and services directly and indirectly that assists to make waves in the purchasing cycles. The e-procurement is efficient to enhance the effectiveness of the purchasing function and supply chain operations because it enhances the transparency, accountability and trust in the public procurement process. It is also effective because it facilitates faster procurement cycle, reduced human interface, bidding anywhere and anytime, reduced operational costs and delays, effective utilization of funds and price setting, enhanced process effectiveness and better decision-making (Kamel and Sherif, 2010). The e-procurement provides greater transparency, wider geographical research, great satisfaction while negotiating with suppliers and customers, better pricing, and lesser time in the business transactions. It provides an opportunity for the business enterprises to attain the sustainable savings through an automated order processing, easy-to-use purchasing, invoice management, vendor management, and supplier enablement capabilities. It improves the purchasing efficiency, increase compliances, and garners sustainable savings across the business enterprises (Varajao, Quintela, and Sousa, 2012). E-procurement is the fastest way of responding to the purchasing process as it helps in reducing the paperwork, operational expenses, inventory costs and time taken in the business transactions, product delivery and payment. It is effective to collect and store the large amount of data related to the procurement processes caused from the purchasing and selling the goods or services from the supp liers and to the B2B or B2C customers representatively. The e-procurement function assists the business enterprises to compare the prices easily and quickly, review the product specifications, and delivery dates from the suppliers worldwide. It is effective to incorporate different business aspects, such as hosting of databases, catalog management, order processing, managing tenders and auctions on behalf of the customers to represent a complete outsourced procurement service electronically. The successful implementation of the e-procurement function provides better means to the purchasing function by enhancing the procurement standards through integrating the different business processes related to the procurement function electronically. It is effective in the document administration, invoice management, customer order processing, and process requisition (Lee and In, (2008). It enhances the efficiency of the purchasing function and supply chain operations by ensuring the transparency and accountability of the business transactions and t hereby avoiding the possibilities of discrimination, fraud or errors in the purchasing transactions. Challenges of Adopting E-procurement systems by Business Enterprises Globally Although, e-procurement is effective for managing the purchasing function and supply chain operations but it may bring cost to the business enterprises because of its challenges across the enterprises globally. One of the significant challenges is the cost of acquisitions and management of e-procurement operations in the capital tight environment. Another challenge of this is that the company has to define the synchronization and integration of the business processes and systems as well as harmonizing operations among the enterprise itself, customers, vendors, suppliers, and distributors. The conventional e-procurement is identified as a complex and unintuitive user interface which is challenging to operate the businesses globally (Purchasing and Production Center, 2014). It also creates challenges because of the less integration of the e-procurement processes and applications with the upcoming ERP and EDI systems. Sometimes, it becomes difficult for the enterprises to provide online support for the different business vendors and suppliers. The business enterprises also face challenges with adopting this system for ex- it requires technical feasible employees as providing the technological training to the employees can bring more cost and time to the businesses (Tschammer, Henriksen, Ramfos, and Renner, 2009). One challenge of it is that the small to medium enterprises have to comply with the ICT regulations related to the e-procurement. It also creates some other challenges for the business enterprises, such as fear of upfront cost and development time, lack of skilled professionals, and frequent updates of the rapid changes. For e.g.- in the European countries, the e-procurement system has witnessed low adoption rates among the business enterprises. The creation of an appropriate and context tailored strategy is one of the most significant challenges of having e-procurement system by the business enterprises. It is technological adoption and complex functional process which requires analytic and dynamic strategy, holi stic vision, and transformational information (Hunja, 2015). Conclusion From the above studies on this essay, it can be concluded that due to the emergence of the e-commerce and e-business models, advent of the internet system and enterprise system technologies, and digital connectivity, the importance of e-procurement is remarkable for the modern business enterprises in the integration of business operations and processes, supply chain management operations, and purchasing processes. The different components of e-procurement assist in the effectiveness of the supply chain operations and purchasing processes. The firms also face challenges because of its shortcomings while adopting the e-procurement system in the business processes, activities, and systems. References Boariu, N. (2015). 7 Benefits of E-Procurement. [Online]. Available at: https://blog.procurify.com/2015/05/12/7-benefits-of-e-procurement/. (Accessed: 13 October 2016). Hunja, R. (2015). E-Procurement: Opportunities and Challenges. [Online]. Available at: https://ec.europa.eu/internal_market/publicprocurement/docs/eprocurement/conferences/speeches/robert-hunja_en.pdf. (Accessed; 11 October 2016). Kamel and Sherif, (2010). E-Strategies for Technological Diffusion and Adoption: National ICT Approaches for Socioeconomic Development: National ICT Approaches for Socioeconomic Development. Washington: IGI Global. Lee and In (2008). Electronic Business: Concepts, Methodologies, Tools, and Applications: Concepts, Methodologies, Tools, and Applications. UK: IGI Global. Pablos, D. O. and Patricia (2012). E-Procurement Management for Successful Electronic Government Systems. London: IGI Global. Purchasing and Production Center (2014). E-Procurement: Opportunities and Challenges. [Online]. Available at: https://www.purchasing-procurement-center.com/e-procurement.html. (Accessed: 11 October 2016). Ramanathan, S. (2004). Diffusion of e-Procurement in the Public Sector - What can we Learn from the Danish Experience, Journal of Procurement System. Vol. 14 (1). Shaw, J. M. and Qualls, W. (2012). Impact of B2B E-procurement Systems A Summary Report. [Online]. Available at: https://business.illinois.edu/idm/pdf/EprocurementUIUCReport.pdf. (Accessed: 11 October 2016). Toktas-Palt, P., Baylav, E., Teoman, S., and Altunbey, M. (2014). The impact of barriers and benefits of e-procurement on its adoption decision: An empirical analysis,International Journal of Production Economics, vol. 158, pp. 7790. Tschammer, V., Henriksen, Z. H., Ramfos, A., and Renner, T. (2009). [Online]. Available at: https://domino.fov.unimb.si/proceedings.nsf/Proceedings/D156F5E971437925C1256EA200317A65/$File/13Tscham.pdf. (Accessed: 13 October 2016). Vaidya and Kishor (2011). Inter-Organizational Information Systems and Business Management: Theories for Researchers. London: IGI Global. Varajao, Quintela, E. J., and Sousa, D. A. (2012). Organizational Integration of Enterprise Systems and Resources: Advancements and Applications: Advancements and Applications. London: IGI Global. William, P. S. (2007). E-Procurement: Current Issue Future Challenges. [Online]. Available at: https://aisel.aisnet.org/cgi/viewcontent.cgi?article=1063context=ecis2007. (Accessed: 13 October 2016).

Righttop00 Colegio Mayor Nuestra Senora del Rosari Essays

righttop00 Colegio Mayor Nuestra Senora del Rosario Facultad de Jurisprudencia Criminologia Samuel Escobar Beltran Maria Daniella Ordonez Zambrano Mayo 17, 2017. La teoria del aprendizaje social propuesta por Albert Bandura se ha convertido en, quiza, la teoria mas influyente del aprendizaje y el desarrollo. A pesar de estar arraigada en varios de los conceptos basicos de la teoria del aprendizaje tradicional, Bandura creia que el refuerzo directo no podia explicar todos los tipos de aprendizaje, agregando asi un elemento social a su teoria, argumentando que las personas pueden aprender nuevos comportamientos observando a otras personas. Conocido como aprendizaje observacional (o modelado), esta teoria puede ser utilizada para explicar una amplia variedad de comportamientos. Como aprendemos los seres humanos? Los estimulos de refuerzo/castigo claramente condicionan nuestro comportamiento pero no solo respondemos a tales estimulos, tambien los interpretamos. Para ilustrar este principio, consideremos el ejemplo de un nino que recibe un beso cuando guarda sus juguetes; es probable que repita esta accion debido a la recompensa. Sin embargo, si el nino arroja su comida y posteriormente recibe un regano, el nino aprende que tal accion solo genera desaprobacion y modifica su comportamiento como consecuencia porque desea la aprobacion de su madre. Pero esto es solo una faceta del complejo proceso de aprendizaje. No existe una sola definicion de "aprendizaje social" pero las diversas descripciones que hay enfatizan la importancia del dialogo entre grupos para entender mejor los diferentes puntos de vista y desarrollar procesos de accion colectiva y reflexion a lo largo del tiempo. El aprendizaje social y el empoderamiento se basan entre si. El empoderamiento es el proceso de mejorar la capacidad de individuos o grupos para tomar decisiones y transformar esas elecciones en acciones y resultados deseados. El logro de tales resultados no es un proceso unico que se puede planificar y ejecutar externamente, como un campo o un taller, pero es un proceso social que se estructura desde las lineas de actividad, incluyendo la construccion de redes, el dialogo, la gestion del conocimiento y la evaluacion. Se puede acceder a la informacion sobre los diferentes ejes que apoyan el aprendizaje social a traves del indice de "aprendizaje social" de la izquierda. La evaluacion, debido al papel que juega en el fortalecimiento de todas las otras actividades y actividades, se amplia a su propio area tematica en el indice de navegacion. La capacidad social, las redes y la confianza que facilitan esta cooperacion para beneficio mutuo se denominan "capital social". Entre las teorias de aprendizaje actuales han surgido cuatro categorias principales: la conductista, la cognitivista, la humanista y la social. En particular, esta ultima incorpora muchos de los elementos necesarios para producir un sistema practico de cambio pero como toda teoria, esta compuesta de porciones de estudio previo y esta en constante evolucion, la teoria del aprendizaje social fue inicialmente influenciada por las otras tres categorias. Especialmente por las teorias conductistas, haciendo hincapie en lo que se aprende de los comportamientos observables, parecen crear una base para las teorias mas complejas encontradas en la teoria cognitiva social de Bandura, que incorpora las mejores partes de estas teorias en un plan superior para el ajuste conductual. Un debate que sigue generando controversia en muchas disciplinas cientificas es el tema de la herencia y la influencia que la genetica tiene sobre el caracter general de un ser humano. Tanto la comunidad cientifica como el ciudadano medio estan intrigados en cuanto a que determinantes determinan el caracter personal asi como el comportamiento individual. Hay varios factores que afectan el destino de un individuo ya traves de diversos estudios, explicaciones y modelos teoricos se hace muy evidente que un factor aislable es casi imposible de distinguir. Algunos teoricos argumentan que los fundamentos de la agresion son biologicos. Los factores biologicos que influyen en el comportamiento agresivo son las hormonas, las enfermedades fisiologicas y el temperamento. Las hormonas juegan un papel indirecto en la agresion humana. La interaccion con estimulos externos puede afectar el umbral del comportamiento agresivo. Algunos investigadores han concluido que los altos niveles de testosterona podrian ser el resultado de un comportamiento agresivo. En las mujeres, el sindrome de tension premenstrual se asocia con una serie de comportamientos agresivos, como el delito violento. Las personas con una enfermedad fisiologica

Thomas More

Thomas More was a very devoted Catholic who was put on trial for treason in the 16th century, because he refused to acknowledge Henry VIII as the "ruler of the world, above everyone, including the Church" (Mansouri 04/04/00). He was declared guilty of reason, for which he was beheaded. However, twenty years before his death he wrote a novel titled "Utopia". The word "utopia" means a good, non-existent place. In other words, Thomas More wrote the novel "Utopia" to portray his idea of an ideal society that would never come into being. Thomas More's "Utopia" serves as a response to the ideal society depicted in Plato's "Republic", in which he further formulates Plato's most ingenious ideas. (Mansouri 04/04/00) Both Thomas More's "Utopia" and Plato's "Republic" contain a description of the perfect state concerning class structure, the role of education, and the nature of governing. However, they do so for different reasons. Thomas More wrote "Utopia" to form "the most civilized nation of the world" (Mansouri 04/04/00). Whereas Plato, who lived during a period of Humanism, wrote the "Republic" as a philosophical work. Plato was not interested in defining the perfect state; rather, he uses the state as a "large-scale picture of the soul", in his search for the perfect soul (Mansouri 04/04/00). The Utopian Society is "almost egalitarian" (Mansouri 04/04/00). However, Plato's Republic is a state of three classes that consist of a guardian class, an auxiliary class, and the masses of people. More focuses on Plato's guardian class in constructing the Utopian Society. The guardian class lives together in camps, sharing their property, and their earnings from the society as a whole. The guardian class is an egalitarian society, but only within the class. Although the Utopian Society is not entirely classless, it best resembles the guardian class. For in the Utopian Society everyone gets "plenty of everything that's needed for a ...

Capitalism and Regressive Imperialism

Western undertaking that employs expansionist, mercantilist policies. 1] Lewis Samuel Feuer identifies two major subtypes of imperialism; the first is regressive imperialism identified with pure conquest, unequivocal exploitation, extermination or reductions of undesired peoples, and settlement of desired peoples into those territories, an example being Nazi Germany. 2] The second type identified by Feurer is progressive imperialism that is founded upon a cosmopolitan view of humanity, that promotes the spread of civilization to allegedly backward societies to elevate living standards and culture in conquered territories, and allowance of a conquered people to assimilate into the imperial society, examples being the Roman Empire and British Empire. [2] Imperialism always involves the massive export of capital to foreign countries for the purpose of exploiting and dominating both their labor forces and their markets. Imperialism, the highest stage of capitalism, represents the stage at which a countrys consumers cannot buy all the products that have been produced, and additional markets must be sought after. The dominant feature of imperialism is the repatriation of invested capital. Cecil Rhodes: Cape-Cairo railway project. Founded the De Beers Mining Company and owned the British South Africa Company, which established Rhodesia for itself. He liked to paint the map British red, and declared: all of these stars hese vast worlds that remain out of reach. If I could, I would annex other planets. [3] The term as such primarily has been applied to Western political and economic dominance in the 19th and 20th centuries. Some writers, such as Edward Said, use the term more broadly to describe any system of domination and subordination organized with an imperial center and a periphery. According to the Marxist historian, Walter Rodney, imperialism meant capitalist expansion. It meant that European (and North American and Japanese) capitalists were forced by the internal logic of their competitive system to seek abroad in less developed countries opportunities to control raw material, to find markets, and to find profitable fields of investment. Its generally accepted that modern day colonialism is an expression of imperialism and cannot exist without the latter. The extent to which informal imperialism with no formal colonies is properly described as such remains a controversial topic among historians. [4]

Critical reflection Essay Example | Topics and Well Written Essays - 1500 words

Critical reflection - Essay Example Risk mitigation can be carried out through the optimal use of existing assets, contingency planning and through investment in new resources. Before using these techniques, it is necessary to understand the key causes of concern through a risk analysis. Based on the risk analysis, key issues were prioritized and recommendations were provided for each of them. From the given situation, it was obvious that there were multiple issues at multiple levels. The technique of risk analysis was chosen because it helped in looking a holistic picture of the situation at hand and it also helped in the identification of the areas of improvement regarding each of the issues identified (Slovic, 2000). The methodology of carrying out risk analysis was to find out the issues of concern and look at each individual issue in detail. 1. Safety Issues – With regards to maintenance and safety, the key recommendations is to outsource maintenance to contractors who would do period checks to ensure that there is no flooding or electrical short circuits. Outsourcing to a vendor can put service level agreements in place and hence, would ensure a higher level of maintenance. In addition, the outsourced vendors would be experts in the particular domains and hence, would be able to provide a service that is of much higher standard when compared to the in-house workers. In a building, that involves a considerable movement of people, safety and maintenance is of prime importance as security and maintenance lapses drive the crowd away (Schrader, 1992). Apart from outsourcing the safety maintenance, another aspect that could have been considered was consultation from an architect who can provide a long-term solution in terms of flooding or seepages. There could be some financial investment involved initially, however during the later stages, there would be benefits as regular costs would reduce considerably. 2. Organization and Management – Through analysis, it was found out that the management did not have a proper structure and there was no motivation factor present. For any organization, however big or small it may be, it is necessary to have a very good organization structure so that at any given point, accountability of issues is possible. The recommendation was to organize an event that would help in motivating the staff and reorganizing the staff within the departments. However, it is important to understand that motivation among the staff does not happen with just an event, it is an ongoing process (Weightman, 2008). In addition, a simple reorganizing the staff would not be a long-term solution. Instead, having a proper organizing structure in place is highly recommended. The structure should be designed in such a way that accountable individuals take each aspect related to the Penine Center. A proper structure would also prove to be a motivation to the staff. 3. Retail Outlets leaving - The retail outlets in the Penine center were leaving because of di ssatisfaction. This could be due to many other reasons such as safety as well as transportation. The main reason why retail outlets leave any commercial complex is when they do not get a steady flow of customers so that they make profit out of the enterprise. The recommendation was to meet with the owners of the retail outlet and persuade them to stay. Also, providing some incentives to help them with the current financial condition can prove to be helpful in retaining them in the Penine Center.

Supply Chain Case Study Example | Topics and Well Written Essays - 750 words

Supply Chain - Case Study Example There are crucial stakeholders representing diverse interests within companies, but equally important, there are also numerous stakeholders outside as well who include suppliers and primary producers of raw materials. To sustainably remain in business, companies must address potential risks facing both internal and external stakeholders, and supply chain ethics form a critical aspect of this component (Mills, Schmitz & Frizelle 2004, p. 1021). Compliance practices, ethics and culture of the entire supply chain members must be examined and addressed to reduce risks. This paper will examine Nestlà ©Ã¢â‚¬â„¢s case study and determine its and its suppliers’ supply chain and business risks in the event of their unethical behaviour as well as strategic advantages to suppliers and customers when they embrace ethical practices. Consumers, business partners, investors, media organisations and regulators all expect businesses and their supply chains to demonstrate high standards of ethical behaviour (Coughlan 2005, p. 49). Ethical scandals generated by suppliers are probably the least foreseen and biggest risks businesses face in the modern world. In view of this, Nestlà © understands the potential damage that can be suffered when the risks materialise and, hence, has adopted protective measures in the form of social corporate responsibility (SCR). In this sense, the company extends its culture beyond internal control to ensure its policies and principles are concerned with the activities of suppliers and consumers and practices of labour and human rights. The environment also forms a key area of concern. The underlying significance of this approach is that it creates new and shared value for both shareholders and society through a strategic partnership with customers, suppliers and distributors in areas wh ere Nestlà © can have the greatest