Tag: strategy
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Single-source suppliers
Single-source suppliers Suppliers that provide key materials or services for your production, for which your company does not contract with other suppliers. These suppliers represent a higher risk due to dependency, but they often ensure specialized or proprietary supply critical to business operations.
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Important suppliers
Important suppliers Important suppliers are operational or core suppliers, but supply alternatives exist. While these suppliers contribute meaningfully to business operations, their role is less critical compared to strategic suppliers. The availability of alternatives provides flexibility, but maintaining a stable relationship is still beneficial.
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Strategic supplier
Strategic supplier Strategic suppliers are core suppliers with limited supply alternatives. These suppliers are critical to the business’s operations and competitiveness, often providing unique or highly specialized products or services. A strong, long-term partnership with these suppliers is essential due to their significant impact on the company’s success.
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Business transformation
Business transformation Business transformation refers to a comprehensive, strategic change in an organization’s processes, structures, technology, and/or culture to improve performance, adapt to market demands, and achieve sustainable growth. It typically involves revisiting business models and operations to boost efficiency, enhance customer satisfaction, drive innovation, or address challenges like digitalization or competition. This transformation may…
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Stakeholder
Stakeholder A stakeholder is any individual, group, or organization with a direct or indirect interest in a company’s activities. They have the potential to influence, or be influenced by, the company’s actions, strategies, and policies. This includes both internal stakeholders (such as employees and shareholders) and external stakeholders (such as clients, suppliers, service providers, media,…
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Sustainable Finance Action Plan
Sustainable Finance Action Plan The Sustainable Finance Action Plan (SFAP) is a major EU policy initiative aimed at promoting sustainable investment across the 27-nations. Introduced by the European Commission in March 2018, the plan responds to the Paris Agreement and the UN’s 2030 Agenda for Sustainable Development, aligning with the European Green Deal’s goal of…
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Strategic Investment
Strategic Investment Strategic investment refers to an investment made with the goal of advancing an organization’s long-term objectives, often beyond immediate financial returns. This type of investment typically aligns with a company’s broader mission, such as entering new markets, gaining competitive advantage, securing critical resources, or fostering innovation. Strategic investments are often used in mergers…
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Net Zero Carbon Pledge and initiative
Net Zero Carbon Pledge and initiative The Net Zero Carbon Pledge and Net Zero Carbon Initiative both refer to commitments and efforts by organizations, governments, or entities to reduce their carbon emissions to net zero.