Uploaded by Dong Ye

Student Objectives: Practical Skills, Networking, Strategy & Buy-in

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seeking feedback on what objectives of students that's not met so far
Objectives
Practical knowhow
The hands-on skills and experiences that enable effective execution of strategies. It is
essential for translating theoretical knowledge into actionable results.
Example:

Toyota's Lean Manufacturing: Toyota's implementation of the Toyota Production
System (TPS) emphasizes practical know-how among employees. By empowering
workers to identify inefficiencies and suggest improvements, Toyota has become a
leader in operational excellence. This practical approach not only enhances
productivity but also fosters a culture of continuous improvement.

Board-Level Planning: It would be beneficial to learn more about how boards
develop sustainable strategies and the role of executives in carrying out these plans.
Insight into this process can provide a clearer picture of how sustainability is
integrated at the highest levels of an organization.
Network with seniors
Building relationships with experienced professionals can provide valuable insights,
mentorship, and guidance. Networking with seniors allows for knowledge transfer and
opens doors to new opportunities.
Example:

Procter & Gamble's Mentorship Programs: Procter & Gamble (P&G) has established
formal mentorship programs where junior employees are paired with senior leaders.
This networking facilitates the sharing of strategic insights and best practices,
enabling younger employees to navigate their careers more effectively. Many of
P&G’s successful product launches have benefited from the guidance of seasoned
executives.

IBM’s Executive Coaching: IBM has implemented executive coaching programs
where senior leaders mentor mid-level managers. This networking initiative helps
younger leaders navigate complex corporate environments, develop strategic
thinking skills, and understand the nuances of corporate governance. Such
mentorship has been crucial in grooming future leaders who can execute IBM's
strategies effectively.

Interactive Q&A Sessions: Encouraging seniors to bring their own challenges and
interesting questions can help us understand the complexities they face in the field
and stimulate meaningful conversations.
How to strategize are execute
Effective strategy formulation requires a clear understanding of both internal capabilities
and external market conditions. Once a strategy is developed, execution is critical to achieve
desired outcomes.
Example:

Amazon’s Customer-Centric Strategy: Amazon employs a customer-centric approach
by constantly analyzing customer feedback and purchasing behavior. The company
uses this data to inform its strategic decisions, such as expanding product lines or
enhancing delivery services. Amazon’s ability to execute this strategy with agility,
such as through its Prime membership model, has positioned it as a leader in ecommerce.
How to get the buy-in from management level
What steps can be taken to motivate the managing director to make sustainability initiatives
a top priority? Now no/ limited resource is allocated
Managing directors can align sustainability initiatives with company strategies by following
these procedures, as exemplified by Walmart:
1. Walmart sets up Clear Commitments (Goals).
2. Walmart integrates sustainability initiatives into its business models.
3. Walmart invests in renewable energy: Solar panels
4. Walmart engages stakeholders: collaborate with employees, suppliers, and
customers to foster a corporate culture of sustainability through setting up
sustainable hub and suppliers can buy renewable energy via power purchase
agreements with Walmart’s project Gigaton initiative.
Example:

Walmart’s Project Gigaton: it aligns ESG initiatives with business strategies to
remove one gigaton of greenhouse gases from its supply chain by 2030. The
company improves energy efficiency and reduces waste, thereby saving substantial
costs. This program helps mitigate risks related to climate change and resource
scarcity. Walmart installs solar panels on each store rooftops and parking lots, and
invests in wind farms to supply clean energy to its operations. Financially, Walmart’s
focus on renewable energy has helped significantly cut operational costs. Walmart's
solar panel installations have proven to be a successful venture for the company. At
locations where Walmart has implemented solar power, the retailer has already
saved over $1 million as a result. Furthermore, Walmart's solar projects in California
have been projected to generate between 20% to 30% of the electricity needed for
each of those specific store locations. From Brand perspective, Walmart are more
likely recognized as a “regenerative” company by its suppliers and customers.
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