Discuss about the Introduction to Management for AGL Energy and Lendlease Group.
The report compares and contrasts between two companies in relation to its vision or mission statement, its value, Corporate Social Responsibility and Stakeholder Sustainability. The comparison is made in between AGL Energy (ASX: AGL) and Lendlease Group. It provides deep contrast in the value mechanism and describes the procedure in which the company carry out its obligation. The report highlights the necessity of creating a contrast in approaches followed by both the companies. It is important to analyse the changes in terms of vision and mission statement. Every organization has its own way of organizing business activities. The mission and vision statement of the companies are aligned as per their goals. It is essential to define how far the companies are able to accustom themselves according to their mission statement. The report compares and contrasts between the two companies and provides readers a view through SMART analysis (Crowther and Aras, 2008; Benn, Dunphy and Griffiths, 2014).
The company was founded in Sydney in 1958 by Dutch immigrant and innovator Dick Dusseldorp. It was formed out as a vision to generate a company that combines the authority of financing, & investment. Lendlease has provided employment to approximate 12,000 employees internationally. They allow innovative and integrated solutions to their clients by creating value chain (About us. 2017).
The Australian Gas Limited is one of Australia’s leading integrated energy companies. It is the largest ASX listed owner, operator and developer of renewable energy in the country. The company generates electricity from the power station by utilizing thermal, natural and wind power. It started operating in the year 1837 and made a claim in 2014 that it has more than 3.8 million business customers. They have made a larger investment in the supply of gas and electricity (Who We Are. 2017).
The vision of the company is to closely work with clients and investors In Australian, Asia, USA and Europe to create a unique place for them. Their strategy is to create a strong legacy by inspiring lives of people around the globe. They are providing efficacy by delivering safety and innovative solutions by providing long-term sustainability (Belz and Peattie, 2009).
Whereas, AGL have four central promises that help them in making effective residential and business customers:
AGL is responsibly taking efforts to reduce the effects of greenhouse gases. They are ensuring that the material used by them is not causing any harm to the environment. The environment is given keen interest by ensuring implementation of operations. The purpose of the company is to set high standards and creating accountability. They are committed to achieve excellent target by managing performance. They are committed towards matching the operating portfolio. They allow their customers (Bell and Morse, 2008)
The purpose of Lendlease is to become a leading international property and infrastructure group in the market. Their strategy is to take advantage of strong position and a changing market scenario by evolving newer strategies. The strategic framework is called as “Focus and Grow” that ensures efficient strategic framework. The company is following principles that are based on ensuring safety, sustainability, diversity& inclusion and Customer focus. These principles form to be the core value of the organization.
Distinctly, AGL is committed by providing essential services to the community. It identifies the importance of the community by providing them with a safer solution. They have committed themselves by improving the way they work, they have targeted for providing valuable support to the vulnerable customers (Our Commitments.2017). They are however making sure to provide. They understand the value of diversity at work and make sure that it supports the organization interest (How We Source Energy. 2017).
For the company sustainability is regarding places for people in order to meet future needs. The government and communities situated globally are seeking trust in partners who has enhanced the urban areas in an effective manner. Leaselend is giving importance to social, economic and environmental portfolio. Sustainability is considered to be their central part of business strategy. The purpose is to create sustainable values to manage the risk and creating values for customers (Nidumolu, Prahalad, and Rangaswami, 2009). They have created an effective global environment by shaping the future through rapid urbanization and answering to climatic change and inequalities. The sustainable objectives guaranteed by the company reside in the heart of the employees. They understand the important of environment in meeting the goals beyond expectation. This is an important practice in doing the business target. In order to become a leading example for the rest of the companies Lendlease is conducting sustainability reporting. This helps them to measure and report the performance in order to improve projects and to create a benchmark for the communities (SUSTAINABILITY. 2017).
Contrasting, Sustainability at AGL means the responsibility towards the interest of stakeholders. In addition to the economic performance the company is taking effective measures to meet the social responsibilities. The organization has to take effective steps in order to meet the targets. The sustainability is one of the important concepts that have to be enforced in the organization. Environmental sustainability is given importance by monitoring the effective guidelines in order to improve the overall productivity (Sustainability. 2017).
Leaselend has created a strong legacy by inspiring lives of people around the globe. They are providing efficacy by delivering safety and innovative solutions by providing long-term sustainability. On the other hand AGL is responsibly taking efforts to reduce the effects of greenhouse gases. They are ensuring that the material used by them is not causing any harm to the environment
As per the analysis both the companies are working for providing efficient solutions to the customers but in terms of environment feasibility it is seen that AGL is giving more importance to the environmental sustainability.
The amount of work done by the company in terms of sustainability is providing efficacy by delivering safety and innovative solutions by providing long-term sustainability. The Only measurable tool at Leaselend is that the customers are highly satisfied with their performance. On the other hand AGL has an obligation towards the government authority. It is measured in the terms of efficient result provided through the sustainability reporting.
They have eventually achieved the target by meeting the expectation of the customers. They understand the important of environment in meeting the goals beyond expectation. This is an important practice in doing the business target. Leaselend has attained distinguished target and continued to be the first choice in the energy generation. On the other hand AGL has targeted itself to reduce the greenhouse gases emission. This has helped the company to claim a reputable name in the whole world.
The goals set by Leaselend are realistic in nature. They are more dedicated in creating only those goals that can be achieved in an easy manner. It is a well established fact that the vision of the company is to to closely work with clients and investors In Australian, Asia, USA and Europe to create a unique place for them. These goals are realistic in nature and provide employees with measurable objectives. On the other hand AGL has committed itself towards attaining four pivotal promises. However they are more into the process of modeling the current structure regarding emission of greenhouse gases.
The purpose Of Leaselend is to attain sustainable objectives by measuring and reporting the performance in order to improve projects and to create a benchmark for the company. Timely targets are laid down before the organization. Employees have to adhere to the goals in order to meet the targets. It is however essential to meet the desired targets by meeting the results within the permit time. On the other hand AGL has decided to reduce the emission of greenhouse gases within the pre-requisite limits. They have created a gradual portfolio by decarburization of our generation portfolio by 2050.
Conclusion
To conclude it is essential to understand the importance of adhering to the mission and vision statement. The purpose of both the company is to provide sustainable solutions to the problems. The report incorporates all the essentials regarding the sustainability reporting and its importance. It creates a valuable comparison in between both the companies in order to understand the difference in approach. Both the organization has its own way of organizing business activities. The mission and vision statement of the companies are aligned as per their goals. The report helps in generating difference in the approach of both the companies on the parameter of SMART Analysis. This will help in understanding the proper situation.
References
About us. 2017. Online. Available at: https://www.lendlease.com/au/company/about-us/ Accessed
Bell, S. and Morse, S., 2008. Sustainability indicators: measuring the immeasurable?. Earthscan.
Belz, F.M. and Peattie, K., 2009. Sustainability marketing: A global perspective. Chichester: Wiley.
Benn, S., Dunphy, D. and Griffiths, A., 2014. Organizational change for corporate sustainability. Routledge.
Crowther, D. and Aras, G., 2008. Corporate social responsibility. Bookboon.
How We Source Energy. 2017. Online. Available at: https://www.agl.com.au/about-agl/how-we-source-energy Accessed On: 15April 2017
Nidumolu, R., Prahalad, C.K. and Rangaswami, M.R., 2009. Why sustainability is now the key driver of innovation. Harvard business review, 87(9), pp.56-64. On: 15April 2017
Our Commitments.2017. Online. Available at: https://www.agl.com.au/about-agl/what-we-stand-for/our-commitments Accessed on: 15April 2017
SUSTAINABILITY. 2017. Online. Available at: https://www.lendlease.com/au/company/sustainability/ Accessed on: 15April 2017
Sustainability. 2017. Online. Available at: https://www.agl.com.au/about-agl/what-we-stand-for/sustainability Accessed On: 15April 2017
Who we are. 2017. Online. Available at: https://www.agl.com.au/about-agl/what-we-stand-for/our-commitments Accessed on: 15April 2017
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