Question

In: Economics

Recommendations of specific strategies that Dow Inc. might use today to improve its organizational performance. Give...

Recommendations of specific strategies that Dow Inc. might use today to improve its organizational performance. Give some recommendations for the company moving forward. What would your advice be to them.

Solutions

Expert Solution

In the present growing world of science and technology, there are some companies that are making drastic wonders in the market in order to gain market and maintain sustainability. There are some strategies that companies adopt to enhance their organizational performance which in turn helps them to strike for profit maximization.

For instance Dow.Inc is one of the fastest-growing American company which is in the control of public sector which produces certain items based on chemicals which helps in the production of liquid injection, rubber, consumer goods, leather, automobile etc.when this company is producing such item there are certain recommendation which should help them grow as well as look into the future based aspects on environmental concerns.

Recommendations

  • Recycle and reuse some of the finished goods produced
  • Sustainable development
  • Environmental concern and safety issues
  • An organizational team which would look into the issues which would arise after the production
  • Inventory control
  • Trade policy initiatives for future growth
  • Provide with public warehouse facilities
  • Check the wastewater standard
  • Promotion of research and development
  • Provide technical training to improve the quality and concern over the environment.

Therefore, these strategy recommendations would help the company to further grow and bring certain changes for sustainable development.


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