How do sustainability metrics affect internal (managerial) decision making?

Expert Solution

Sustainability metrics/ indicators are:

• Material intensity

• Energy intensity

• Water consumption

• Toxic emissions

• Pollutant emissions

These metrics should operate/ benefits internal decision making to make right decisions towards a company’s sustainability maintenance or developing top or bottom lines:

• it should be simple — not requiring large amounts of time or manpower to develop, saving cost of HR department

• understandable to a variety of audiences, from people in operations to finance to strategic planning so that can well analyse the required cash flow to be generated or do cost cutting from available assets and resources

• It has to be cost-effective in terms of data collection, better be reproducible so that while incorporating the decision rules in various departments and for various perspectives to produce consistent and comparable results

• Robustness is required to indicate progress toward sustainability when improvement has quantitatively done and qualitatively justified too

• As long as protection of proprietary information is maintained — preventing the loss of all related confidential information.

keosha answered 3 months ago

Decision-making, sustainability, values & ethics 1. How does each of the following models of decision-making work,...

Decision-making, sustainability, values & ethics 1. How does each of the following models of decision-making work, and when should it be used? Management science Carnegie model Incremental model Garbage can model

The role of managerial accounting in decision making

How relevant is managerial accounting for a firm’s decision making process? Is managerial accounting more than...

How relevant is managerial accounting for a firm’s decision making process? Is managerial accounting more than just estimating a cost for the financial accounting systems of a firm? Does managerial accounting systems have an impact the value of a firm? If so, how?

Explain decentralization as it pertains to managerial decision making.

What is life cycle assessment and how does it relate to managerial decision making?

Provide some examples of how your company uses these types of metrics to support decision making...

Provide some examples of how your company uses these types of metrics to support decision making or how they should be using it. a) The use of categorical data vs quantitative data b) The diffrence between a frequency table and a relative frequency table. c) The diffrence between a bar chart and a histogram d) Discuss the application of simpsions paradox to unaggregated data and its impact on drawing conclusions from aggregated data.

How can internal metrics be used to manipulate the performance of a company? Are these metrics...

How can internal metrics be used to manipulate the performance of a company? Are these metrics subject to the same regulation and audit as other numbers? How can same store sales be used to manipulate performance metrics? Are they still important and can they be relied on?

How does cash flow affect the overall decision making process of a healthcare administrator? Do you...

How does cash flow affect the overall decision making process of a healthcare administrator? Do you feel that differences exist in cash positive versus cash negative facilities? What type of decision making situations would be on the top of your list (e.g. hiring, lay-offs, budget concerns)

How might each of the costing methods be used in managerial decision-making? How is overhead cost...

How might each of the costing methods be used in managerial decision-making? How is overhead cost explained?

Discuss how you should use the information in managerial decision-making.(300 word)

Question