Unsustainable practices of powermax electronics

Assignment Help Finance Basics
Reference no: EM131914678

Note: Willing to increase the amount to suit the case study. Please let me know. Also, it is not a rush assignment.

The Johannesburg Declaration on Sustainable Development was adopted at the World Summit on Sustainable Development (WSSD), sometimes referred to as Earth Summit in 1995, at which the Plan of Implementation of the World Summit on Sustainable Development was also agreed upon. Since then, there has been a drive by governments and other pressure groups worldwide for firms, industries and individuals to be conscious of the need to factor sustainable development goals into their operations. PowerMax electronics Company Limited is a renowned Company Operating in Abuakwa in the Atwima Nwabiagya District in the Ashanti Region of Ghana. The company was established in June, 2007. PowerMax electronics imports a wide range of slightly used home and office electrical appliances, electronic entertainment devices and communication gadgets such as: fridges, microwave ovens, video games, television sets, radio sets, phones, to mention but a few. The company imports its products from Dubai, China and the United States of America (USA). The company also offers repair services to its clients and customer. Customers are so happy with the designs, durability and portability of the company's products however, the energy inefficiency oi most of their products remains their major concern 

The Chief Executive Officer (C.E.O), Dr. Pamli Osval Maxwells is so conscious of the wellbeing of the society in which they operate. According to him, designing and implementing various corporate social responsibility programs for the society has really contributed to the enhanced corporate brand. Some of the social amenities they have provided from 2012 - 2016 to the society include: Toilet facilities; provision of computers to the schools in the community to aid teaching and learning; and the provision of boreholes for portable water for the community. Irrespective of the extent of sharing the company's value with the society, the environmental Protection Agency(EPA) intermittently urges them to promote a sustainable environmental management in areas of their operations. The small refuse dump behind the premises of the company serves as an electronic waste dump for the company for the past 10 years. According to the C.E.O, these wastes are intermittently burnt at night in order to reduce the size of the waste. The EPA intends to sanction the company if better steps are not taken by management of the company to well manage their electronic waste. The Marketing officer, Mrs. Yvonne Christian thinks the demand of the EPA is outrageous and blames their outsourced waste collection and disposal company- ZoomZeebra Company Limited for shirking their responsibility. The C.E.O however feels obliged to abide by the regulations of the EPA in order to avoid any form of sanctions which may have a very negative effect on the firm.

The company has employed about 85 staff from diverse cultural, religious and gender backgrounds who serve as drivers, security, marketers, procurement officers, accountants, Human Resource Manager, engineers and other administrative duties. Since 2010, the company has experienced a high labour turnover which most staff attribute to unsatisfactory working conditions such as: unhealthy working environment, unsatisfactory compensation for their services and a conscious effort by management to prevent union formation by staff of the organization. The C.E.O has appointed Mr. Francis Cliff as a Procurement Superintendent of the company to well collaborate with other managers of the company to formulate strategies that will promote diversity purchasing and fair trade to all staff and suppliers whilst continuing with the yearly corporate social responsibility programs of the company.

1). Evaluate three (3) efforts made by PowerMax electronics Company Limited to promote economic, social or environmental sustainability. 

2). Examine any three (3) unsustainable practices of PowerMax electronics Company Limited.

3). Achieving sustainable public procurement is a major challenge, but a proactive means of optimizing value for money to the government of Ghana", evaluate this assertion.

4). Sustainability must be incorporated into the procurement process right from needs identification till contract closes or needs fulfilled. Explain how this can achieved.

5). Discuss three (3) barriers to sustainable procurement practice.

6). Discuss how PowerMax can incorporate recycling of electronic waste into their supply chain

Reference no: EM131914678

Questions Cloud

How do you manage or resolve conflict : What leadership concepts and skills stand out to you from the article, text and reflections related to conflict?
Why do we explore cooperation as an idea : Why do we explore cooperation as an idea? Why do we need to understand the obscure enabling conditions & the common tactics used to achieve cooperation?
Explain the change in line items on financial statements : What are the three (3) types of variances that explain the change in line items on financial statements, such as revenue? Explain each of the three (3).
Should contaminated food be the basis for such a lawsuit : The deputy sheriff brought a product liability and negligence lawsuit against Burger King and its franchisee, alleging that he suffered emotional distress.
Unsustainable practices of powermax electronics : Examine any three (3) unsustainable practices of PowerMax electronics Company Limited.
Is the parke-bernet disclaimer legally binding on plaintiffs : The bulk of the auction catalog was devoted to descriptions of the works of art to be sold, including artists' names, dates of birth and death.
Per organ procurement and transplantation network : State University Hospital and State Donor Services." Per Organ Procurement and Transplantation Network, under the direction of the U.S.
How does shakespeare use literary devices : How does Shakespeare use literary devices and language features to construct and develop the thematic message relating to Integrity?
What would be the total revenue at the breakeven point : The Farm Fresh Food Market is a merchandiser of organic food items. What would be the total revenue at the breakeven point

Reviews

Write a Review

Finance Basics Questions & Answers

  Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

  A report on financial accounting

This report is specific for a core understanding for Financial Accounting and its relevant factors.

  Describe the types of financial ratios

Describe the types of financial ratios and other financial performance measures that are used during venture's successful life cycle.

  Differences between sole proprietorship and corporation

Briefly describe the major differences between a sole proprietorship and a corporation

  Prepare a cash budget statement

Calculate the expected value of the apartment in 20 years' time. What is the mortgage loan repayment at the beginning of each month

  What are the implied interest rates

What are the implied interest rates in Europe and the U.S.?

  State pricing theory and no-arbitrage pricing theory

State pricing theory and no-arbitrage pricing theory

  Small business administration

Identify the likely stage for each venture and describe the type of financing each venture is likely to be seeking and identify potential sources for that financing.

  Effect of financial leverage

The Effect of Financial Leverage and working capital management

  Evaluate the basis for the payment to the lender

Evaluate the basis for the payment to the lender and basis for the payment to the company-counterparty.

  Importance of opps, ipps, mpfs and dmepos

Research and discuss the differences and importance of : OPPS, IPPS, MPFS and DMEPOS.

  Time value of money

Time Value of Money project

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd