Due In 24 Hours. Leadership For The 21st Century/Business Management Homework Assignment. RESPOND TO TWO CLASSMATE POSTS RESPONSE CAN NOT AGREE!!! file attached Minimum 250 words per post, Minimum 2 r

Due In 24 Hours. Leadership For The 21st Century/Business Management Homework Assignment. RESPOND TO TWO CLASSMATE POSTS

RESPONSE CAN NOT AGREE!!!

Minimum 250 words per post, Minimum 2 references PER POST from the reference provided from course material listed below; apa format including website ***DO NOT JUST PLACE IN TEXT CITATIONS AT THE END OF A PARAGRAPH!!!!!***

Original questions 1 and 2

WEEK SIX

Learning Activity #1

The companies listed below are on Forbes list of the fastest shrinking companies between 2014 and 2016. Select one of the companies and research its growth factors. What factors contributed to the shrinkage and what has the leaders doing to stop the shrinkage? Do you have any recommendations? Be sure to use the course material to support your reasoning.

Due In 24 Hours. Leadership For The 21st Century/Business Management Homework Assignment. RESPOND TO TWO CLASSMATE POSTS RESPONSE CAN NOT AGREE!!! file attached Minimum 250 words per post, Minimum 2 r 1

Learning Activity #2

Search the Internet for a small company (under $1-2 million capitalization) and large company over $100 million capitalization that are considered a triple bottom line company.

Present your research and then compare the two companies. What do they have in common? Does size matter when it comes to sustainability?

Course material

https://www.forbes.com/sites/glennllopis/2015/09/29/top-6-ways-to-sustain-business-growth/#199b097d67ee
https://www.fastcompany.com/3049856/the-7-fundamentals-of-sustainable-business-growth
https://www.youtube.com/watch?v=e9-Khm_ghHA
https://www.mckinsey.com/business-functions/strategy-and-corporate-finance/our-insights/when-sustainability-means-more-than-green
https://www.theguardian.com/sustainable-business/ibm-survey-consumer-behaviour
https://www.globalcitizen.org/en/content/0-reasons-the-world-needs-sustainable-leadership/
https://www.youtube.com/watch?v=2Ugl6wPmqpg
https://www.greenbiz.com/blog/2013/10/04/four-tips-small-businesses-sustainability-success

******My homework is to provide a response to this student answer to this question, Response must have in text citations AND references from the course material below, RESPONSE CANNOT BE IN AGREEMENT******Minimum 2 references PER POST from the reference provided from course materia

Angela Stackhouse

The company that I chose to research is the oil company, Hess. Hess, which is ranked #1 on the list of the Fortune 500 Fastest Shrinking Companies, started selling off over $12 billion worth of their assets for two years starting in 2013 (Khan, 2015). Based on projections for future growth and the speculation that oil prices would remain high, Hess consolidated their business, but suffered revenue loss when oil prices tanked. They did this by selling their retail, marketing as well as their refining portions in 2013 and later sold the gas station chain in 2014 (Comen & Sauter, 2016). All of these factors contributed to their shrinkage.

Just a year later in 2015, the consolidation of their assets sales allowed Hess to realize a significant increase in cash reserves from $500 million to over $4 billion. Hess also generates cash through their offshore business and expects a significant growth in the production of oil (Giammona, 2013). The strength of the commodity prices will also be a big determinant whether Hess will have to reduce their production growth plans.

In order for Hess to stop shrinkage and start to realize long-term growth, my recommendation is something that they have started to incorporate, which is to utilize sustainable business practices by increasing their operational efficiencies (Llopis, 2016). By increasing their efficiencies, reducing their drilling costs, sharing logistical support and establishing a business ecosystem within the industry, Hess will incorporate principles and strategies that will lead to sustainable growth (Hoque, 2015).

Theron Betsey Jun 26, 2019 3:19 PM

To be considered a triple bottom company a company must three key factors of performance: people, profit and economy. Open sky is a small company that connects over 70,000 merchants that provide a variety of quality products or goods to online to people around the world (opensky.com, 2019). Best Buy is a large company that provide similar service as open sky but Best Buy sells mostly electronics and software. The company is not known for selling clothing or apparel which opens sky offers. Both companies offer a variety of goods to consumers and provide great customer service to meet consumer demands. Difference is Best Buy has stores in several locations whereas open sky is an online store only. The size of the companies does not matter when it comes to sustainability. Both small and large companies can crumble quickly if they lack the operational knowledge and strategic plans require to bring in revenue continuously and consistently. Sustainability is about having the ability to exist. Growing a business requires a strong operational foundation and to sustain growth and reduce risks (Llopis, 2015).