In Working with Her Management Team to Develop a Business

question 55

Essay

In working with her management team to develop a business plan for her 15-person department for the next fiscal year, Jennifer notes that the corporate strategies for next year include: (1) expand into international markets; (2) broaden scope of services with key clients; and (3) leverage new technologies to increase sales. The corporation employing Jennifer and her team is large, employing over 20,000 staff. How do Jennifer and her management team use the corporate strategies in developing a business plan for their small department?

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Definitions:

Recall

A process by which a company retrieves and replaces defective or potentially unsafe consumer products from the market.

Water Footprint

The total volume of fresh water used to produce goods or services by a company, individual, or nation.

Heat Energy

The form of energy that is transferred between systems or objects with different temperatures, also known as thermal energy.

Polluter

An entity (individual, company, or other organization) that releases pollutants into the environment, causing pollution.