Ambers Postahow Could Jeffs' Attitude Toward Social Responsi
Ambers Postahow Could Jeffs Attitude Toward Social Responsibilit
Ambers Postahow Could Jeffs Attitude Toward Social Responsibility
AMBER’S POST: A. How could Jeff's attitude toward social responsibility impact Perry's strategy? Justify your rationale with support from course materials. Jeff wanting to respond to the Donovan situation has already been handled and accounted for in the coming year’s budget plan. By having a strategic plan, that is built for the long term, not just what is going on now, they have accounted for the outcome of needing to add to the production side to compensate for the changing evolution of the industry.
Stating Perry’s will already have the automatic ink dispensers expensed in the budget means Jeff really has nothing to worry about. The more concerning thing about this scenario, Jeff seems to not have a grasp of what is really going on in the company. Donovan’s and Perry’s are doing the same things and with the same equipment. The ink dispensers have been discussed and budgeted into the plan for next year. Yes, there may be a price increase passed on to the customers, however in this game of “social responsibility” someone is going to have to pay for the act in some way (Friedman, 1970).
Whether it be the customers or the stockholders, the money will need to come from somewhere. B. Should Perry's Printing respond to this new strategic plan published by their competitor? Why or why not? Justify your opinion with support from course materials.
Depending on how long Perry’s has had these resources, the easiest way to get around Donovan’s is to state Perry’s has been doing it longer with the same if not better results. You have a customer base that is already loyal to you, with the same if not better service than Donovan’s. Putting out the process of your business using the improved “Lean and Green” methods, will not only reassure your already loyal customer base but for those looking for a company they can trust, this will give them more of a reason to stay or join Perry’s. C. Porter identified one of the most commonly accepted definitions of strategy as "choosing a unique and valuable position, rooted in systems of activities that are difficult to match." In other words, differentiation is the key to strategy.
If all competitors are choosing sustainability as part of their processes, can sustainability really be a strategy? Support your opinion with course materials. With the world turning towards a more eco-friendly way of producing materials, it would almost be a certainty that not going down that line would be more detrimental to the company than not. In this vein, yes sustainability can still be viewed as a strategy but the company is going to need something else as well. Most companies work on the loyalty and name they carry.
Perry’s having already been in business for the past 70 years, has a reputation for quality and sustainability in the industry. With very few changes, they have continued without missing a beat so far. According to the McKinsey podcast (2017), having a good business, comprehensive solutions, and a good product, along with sustainability are a strategy that has been proven to work. Perry’s has an established market share and continues to thrive with the changes that the industry has implemented. With next year’s budget already accounting for the ink dispensers, Jeff’s continued strategy for the company will prevail.
Friedman, M. (1970, September 13). A Friedman doctrine— the social responsibility of business is to increase its profits. The New York Times. Retrieved October 1, 2022, from McKinsey & Company. (2019, May 11). Creating value through sustainable design. McKinsey & Company. Retrieved October 1, 2022, from