Westpac exective summary Essay Example | Topics and Well Written Essays - 250 words

Westpac exective summary - Essay Example Westpac has been able to focus its sustainability strategy on five key areas. Focusing on these areas has enhanced the corporation’s ability to remain amongst the top-rated sustainable organizations in the world. Conversely, the corporation’s strategy in financially positioning itself aims at a long-term strategy that incorporates a measurement criterion based on its capabilities and prospective trends that may influence the wider economy. Using this strategy, Westpac has maintained profitability despite high levels of operating costs. As a way of recognizing the important role played by internal capabilities, Westpac recognizes the importance of customers and employee satisfaction since these two strengthen an organization’s internal systems. Conversely, the corporation recognizes the role the external environment played on its profitability. Hence, Westpac was able to implement strategies that ensured profitability while minimizing risks during the global financial risks. In effect, Westpac implemented a strategy that led to a merger with St. George Bank, which increased revenues, profits, and dividends to its shareholders. Overall, Westpac should ensure that it utilized its internal capabilities and resources while understanding the value chain context in order to maintain its position as a leader in the banking

Economic Benefits Of Daylight Saving Time Essay Example | Topics and Well Written Essays - 750 words

Economic Benefits Of Daylight Saving Time - Essay Example Daylight Saving Time also has the added benefit of an extra hour or so of daylight after work hours for people to get home safely and to engage in social and recreational activities. Regardless of what one decides to do, whether go home and spend time with the family or go out and spend time with friends, DST can also save energy. The combination of these advantages of DST – working when there is sunlight, finishing work and safely getting home (or going out with friends) when there is still light, spending time with people one cares about and saving energy while doing so – will help the world get out of its economic crisis if DST is extended the whole year round. The reasons are easy to understand. First, finishing work early allows everyone to do many things while there is still light. It is these â€Å"many things† that one cannot do in the dark that has the power to help solve the economic crisis. One can decide to do things on one’s own that would save money and increase savings, like clean the car, mow the lawn, or paint the roof. One could also decide to do things to spend money and keep the economy running, like go bowling, visit friends, or have a beer. As mentioned in several portions of his book Seize the Daylight: The Curious and Contentious Story of Daylight Saving Time, David Prerau enumerated many proofs of the beneficial economic effects that DST has had on many sectors of the economy, such as candy manufacturers, amusement parks, restaurants and shops, movie houses and theaters, and the sporting goods industry. While there are objections that the cost of air-conditioning warm rooms and spending on outdoor activities may increase, the overall benefits to the economy were proven by DST’s role in bringing America out of Depression.