3872 words - 15 pages
Table of Contents1.0 Introduction22.0 Monitoring system………………….………….………………………………………...43.0 Description of the enterprise…………………………..………….............................54.0 Analysis the enterprise indicators ...………………………………………...………….6Social environmental...
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Creativity and trust are important and beneficial factors for increasing workplace performance. In two case studies, Sid Caesar and Miles Davis virtuoso teams have common themes, such as generating creativity, focusing on trust, and intense time pressures. Virtuoso teams represent a dominate approach to getting work done in a business environment. Creativity enables virtuoso teams to solve problems and leverage opportunities through the integration of divergent thoughts and perspectives.
Virtuoso Teams Common Themes
In nearly any area of human achievement business, sports, and politics you will find teams that produce outstanding and innovative results. Sid Caesar’s virtuoso team...
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TABLE OF CONTENTS1.0 Introduction 11.0 Competitive Edge in Managing People 21.11 Roles and Accountability 21.12 Four Criteria for Competitive Edge 21.13 Gaining Competitive Advantage through People 32.0 The Importance of SHRM 32.1 Strategic Human Resource Management 32.2 Table: Why...
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In today’s competitive workforce, talent is not only incremental, but also scarce. War for talent, a term coined by Steven Hankin of McKinsey & Company, refers to the competitive landscape of talent management of skilled and valuable employees. Talent management is defined as “the implementation of integrated strategies or systems designed to increase workplace productivity by developing improved processes for attracting, developing, retaining and utilizing people with the required skills and aptitude to meet current and future business needs” (Lockwood, 2006). This paper talks about the challenges faced by organizations and how organizations use strategic HR to overcome concerns regarding...
816 words - 3 pages
Why were Dunlap's goals unrealistic for Sunbeam?Dunlap's goal were definitely too extreme for Sunbeam. Chainsaw Al was only focused on short term goals. Dunlap's goals were completely unrealistic. Within three days of Al Dunlap's reign the restructuring plan cut not merely fat but muscle, leaving shortages of skilled and experienced talent throughout the corporation.In order to meet Dunlap's goals for Sunbeam; 1) Doubling revenues to $2 billion within the next 12 months Sunbeam would have had to increase sales at a rate five times faster than the competition, 2) The sales goal for new...
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Distinctive CompetenciesThe VRIO analysis is helpful in determining if a resource or capability leads tocompetitive advantage (Middleton, 2004).Resources/Capabilities Valuable? Rare? Costly to Imitate? Exploited by Organization Competitive Implications Strength or WeaknessKey Account Management Initiative Yes Yes Yes Yes Sustained Competitive Advantage Strength and Sustainable Distinctive CompetenceRecruitment Process Yes Yes No No Temporary Competitive Advantage Strength and Distinctive CompetenceBrand Loyalty Yes Yes Yes Yes Sustained Competitive Advantage Strength and Sustainable Distinctive CompetenceCommunity Involvement Yes No No No...
866 words - 3 pages
The Advantages and Disadvantages of Global Management Today, after decades of expanding opportunity to all citizens, institutions are applying the lessons learned, to the task of meeting the new and growing needs of business, as well as of the larger society. The term diversity is embracing an international as well as multicultural perspective. The positive benefits that can be recognized from this diversity are significant to today?s executives, corporations, and higher...
1338 words - 5 pages
Agents of change are often taking a big risk to fix or re-energize their firm. They are shaking up the status quo as they were charged with doing. However change will often bring about political enemies no matter how successful the changes end up being. Pioneers of change will receive plenty of arrows in their back while bringing about change. While some arrows, or negative political games will be inevitable in some fashion, it does not mean the change will not be for the best. The agent of change will not be able to depoliticize all medical matters, they can reduce the gains made by political games.
Change is inevitable in any profession. The agents of change come...
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Finding and retaining high performing employees is a challenge all business organizations face. Employees search for jobs where they can be successful, appreciated, and have the opportunity to grow and advance. Effective employers develop career plans that are easy to follow, sustainable, customizable, and provide rewards and recognition when appropriate to entice and retain high performing employees. Using competency models management and human resources can define attributes of top performers that are important to the company for short term and long term success. There are numerous variations of competency models and several methodologies to build the appropriate competency model for an...
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Executive SummaryIncreased global competition coupled with enhanced customer expectations means that the growth or even survival of a firm is difficult. Organizations need to respond to a rapidly changing global environment, and to any company continued success is dependent on attracting and retaining high-quality individuals who can respond effectively to this changing environment.In light of Wal-Mart's intention to extend its business operation into Mainland China, the HR division has been assigned the task to assess the impact of external environment on the HR practice of Staff Acquiring. After investigation four major factors have been identified as they are believed to have...
2193 words - 9 pages
McDonald’s possess a high visibility and brand image in around the world. We all have had the taste of Mc Donald’s burgers at least once and enjoyed it. The question is what goes behind the brand to make it what it is? Mc Donald’s clearly states that it aims is to serve people with good quality food, fast and at low cost, but isn’t it aiming for everything that a fast food brand would want? Yes it is and Mc Donald’s does it very successfully. Is the reason why most of the management books talks about the Mc Donald’s case studies and success of its business Strategy.
Based on the understanding of the case study of “Integrating McDonald’s Business, Human Resource, and Staffing Strategies”...
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In the International Hospitality market competition is an issue of services and products. Much attention has been directed to a better service and the best product and how this can be achieved through utilising the human resource, (Adorka, 1996).Understanding sources of competitive advantage has become a major area of research in the field of strategic management, (Handy, 1999). None more so than in the Hospitality sector, where differentiation is key to delivering financial success in such a highly perishable, inimitable and subjective industry, (Lockwood & Jones, 1994). From experience, it is the human assets that are a key source of sustainable advantage. However, this...
1115 words - 4 pages
IBM, founded in 1911, based in New York, transformed over a period of about one hundred years from an international, multi-national, to a global integrated enterprise. In 2008, IBM shifted its focus to define and develop leaders for a global economy. This effort included making the globally integrated enterprise relevant to all employees through IBM values, culture, and global citizenship. The aim was to ensure IBM could compete globally. IBM realized it was necessary to examine how it functioned, while gaining a better understanding of any gaps, dilemmas, and opportunities (Moss Kanter, 2008).
IBM realized it was imperative that they relate to the diverse global...
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Exemplary Leaders in Managing Diversity
In today’s global market organizations are challenged with gaining and sustaining a competitive advantage while simultaneously managing a diverse workforce. Hence, to achieve these goals requires leaders with vision, commitment, and an understanding of how diversity can positively impact business objectives. Thus, the strategy used by Louis Gerstner, former IBM CEO, to transform the way in which the company managed diversity to meet market changes was examined.
Case Study: Louis V. Gerstner, Jr. IBM
Louis Gerstner became CEO of the International Business Machines Corporation (IBM) in 1993. Gerstner graduated magna cum laude from...
4218 words - 17 pages
Employee retention is a practice in which the employees are convinced to stay in the organization for the most period of time or until the accomplishment of the plan. There is no scarcity of opportunities for a capable person. There are countless organizations, which are looking for such employees. If individuals are not satisfied by the job they are doing, they might switch over to some other more appropriate job. In today’s upbringing it turns out to be very imperative for organizations to retain their employees (Dibble, 2000). Employee retention is supportive for the organization with that of the employee. Employees today are diverse. They are not the ones who don’t have...
1080 words - 4 pages
This essay will consider the importance of human resources and knowledge within the organizing function of management. In addition, I will discuss how different organizations optimized these organizational resources, in various ways, for effectiveness and efficiency.Organization involves investing in "human capital, the most important asset inside of organizations today" (Carter, 2005, xi). Managers, especially at the highest level, must organize the tasks of their employees so they meet with current expectations of productivity and contribute to the goals of the overall planning that is constantly occurring. Tasks must be clearly defined, and yet managers must also allow for...
1312 words - 5 pages
Business Management Research Assignment (chapter 5 & 11)
Q1: The importance of ethics and values in business sustainability:
Ethics has to do with an individual’s judgment and their morals. Their ethics help us determine right from wrong. “Values are attitudes towards things like truths, justice, honesty etc.”( Nieuwenhuizen, Oosthuizen & Drotskie 2012:95)
Ethics and values are important within a business organisation because they influence morals and decisions within an organisation and need to be present in order to promote business sustainability. The decision to behave ethically is a moral decision and employees need to decide what is right and wrong in the organisation even though the...
1068 words - 4 pages
Small and Medium Enterprises (SMEs) are the backbone of global economic activity. In emerging economies, SMEs account for over 90% of firms, 60-70% of employment and 55% of GDP. In fact, in India, SMEs contribute more than 8% of the country’s GDP and account for 45% of the manufactured output and 40% of exports. However, the growth of SMEs, especially in India and other emerging countries has slowed down over the last few years. As I see it, a good number of these companies — as enterprising as they may be — are unable to transcend the barrier of scale. Improving the scalability, performance, and sustainability of SMEs can help achieve the economic growth that is sustainable and truly...
4245 words - 17 pages
Cadbury Schweppes' Strategic Dilemma of Trebor Bassett
Cadbury Schweppes is a UK-based beverage and confectionary group founded in 1969 with the merger of two English groups (Cadbury and Schweppes). This family-managed group grew and flourished through the years. It became an international major player in the late 80s and was admired by its peers for such an ascent.
In 1990 the group bought two little entities from the same business and merged them into a single unit: Trebor Bassett. The CEO of this unit soon became the CEO of the group (1993) and he then realized that the success of the past years was seriously in danger and that a real turn needed to be taken. John Sunderland...
3823 words - 15 pages
There are common leadership processes used by management and leaders. However, management and leadership are not the same. "The very essence of leadership is that you have to have a vision. It's got to be a vision you articulate clearly and forcefully on every occasion," (Heathfield, n.d.). Leaders are responsible for mobilizing the organization, motivating for performance, and inspiring teams. Managers usually must possess leadership qualities and perform leadership process, but the business of management is not limited to leading. Furthermore, some managers may perform functions that do not require significant leadership processes. Managers take the organization's goals and vision and...
1605 words - 6 pages
Human resources are recognized as an organization that is only as good as its people. Organizations, large and small, have realized that to be competitive globally they need to have productive employees. Attracting the most qualified employees and matching them to the jobs for which they are best suited is significant for the success of any organization. In this paper I will evaluate Baderman Island Resort's recruitment and staffing strategies and discuss how their strategy is legally compliant. The Baderman Island is a self-contained, all-inclusive resort destination that features an array of restaurants, three different hotels, a convention center, the historic Neustadt Lighthouse, and...
3052 words - 12 pages
XYZ Bank was established in 1998, in a developing country. During the first ten years, following its establishment, it was known for its pace setting innovativeness, fast growth, and strong financial performance which culminated in its listing on the local stock exchange. Notwithstanding the entrance of several new players, XYZ prided itself in its products, its robust ICT systems and banking halls with an ambience that this far has not been matched by its competition; a well groomed team that worked hard and produced the desired results for years and annual financial results that communicated the story of their success.
Over the last five years, despite its wide branch network and an 800...
3139 words - 13 pages
This paper aims to critique Pfeffer and Veiga’s article “Putting people first for organisational success”, published in the Academy of Management Executive, Vol. 13. No. 2 in 1999. The premise of this article is that organisations’ success is fundamentally based on the quality of people and the ability of the organisations to invest in their management. While this concept might seem axiomatic, reality begs to differ. Companies, either due to lack of conviction or as a part of ineffectual attempts to increase the bottom line, often ignore the piling empirical evidence that point to a strong correlation between financial success and its commitment to people focussed management practices. In...
1109 words - 4 pages
Halliburton is one of the largest Drilling companies in the world. This company has over 50,000 employees and operates in more then 70 Countries including North America, Central & South America, Africa, Europe, Middle East, Asia, and Oceania. Halliburton consists of two company divisions-(1) Drilling and Evaluation and (2) Completion and Protection This paper will go over the various aspects of Management planning within Halliburton.
Planning Function of Management
Planning is essential at all levels of the Halliburton Organization. Planning is a methodical approach for translating the company mission and vision into strategies and action plans that respond to the customer,...
3080 words - 12 pages
The concept of Sustainability Development started in the 80’s era and different meaning and definition were introduced. One among them most frequently quoted definition is from the Brundtland Report:
"Sustainable development is development that meets the needs of the present without compromising the ability of future generations to meet their own needs. It contains two key concepts within it:
First, the concept of needs, in particular the essential needs of the world's poor, to which overriding priority should be given; and
Second, the idea of limitations imposed by the state of technology and social organization on the environment's ability to meet present and future...
1701 words - 7 pages
In this, the only remaining chapter of this Capstone Project, Section V contains both a brief review of findings thus far, as well as topics including: interpretations and implications; recommendations; further study suggestions; and Capstone Project conclusions. In presenting the essential facts in a comprehensive but concise manner, review of the findings as displayed throughout Section IV, include the data metrics of assigned values totals demonstrating both how those possible assigned values totals breakdown in each category, and how the aggregate findings of assigned values totals were calculated. The findings revealed that Verizon Wireless’s benefits package attained the highest...
2079 words - 8 pages
Companies in the 21st century are facing fierce competition, economic and global challengers. In the midst of challengers organisations should have distinctive competences to resist it. Survival depends on the maintenance of market share by having a good image, cost leadership, sound technical or service superioty, committed employees and speed of market. Organisations success depends on how well the use of resource are utilised in achieving the core competences. Human assets are becoming the most important resource because of the rapid growth in the service sector. Human resources hold valuable knowledge and information, which sets them a part as the source in creating...
2381 words - 10 pages
Sir Alan Sugar famously once said regarding entrepreneurship and entrepreneurial skills “The entrepreneurial instinct is in you. You can't learn it, you can't buy it, and you can't put it in a bottle. It's just there and it comes out” (Mail online, 2010). Surprisingly enough this is a view not shared by everyone. Whilst it cannot be denied that entrepreneurs are all ultimately unique in some way empirical evidence suggests that they all do share some common characteristics and skills, some of which can be taught (Colette, et al., 2005). This essay attempts to define those characteristics and skills that enable entrepreneurs to realise the business potential in their ideas. In addition it...
1004 words - 4 pages
Toyota Historical Timeline
1937 - Toyota Motor Corporation was established by Kiichiro Toyoda.
1957 - The car brand, Crown’s first prototype was exported to the United States and Toyota Motor Sales U.S.A Inc. established.
1950 - Toyota modernized their production facilities; Toyoda took the idea from Ford Motor Company plants that he visited in July of this year.
1965 - The Deming Application Prize for quality control was won by Toyota.
1967 - Their business partnership with Daihatsu Motor Co. Ltd. began.
1974 - The Toyota Foundation was established.
1984 - Toyota began productions in USA with their joint venture with General Motors.
1997 - The...
1764 words - 7 pages
As managers, one of the biggest challenges we face on a daily basis is that of actually managing our people. One common challenge we discovered among our group was the difficulty of hiring the right people for the right job. Not only does one have to define the technical skills necessary to perform the job, managers need to determine which type of behavioral skills the new hire must possess in order to fit into the dynamics of the existing team. The latter is much harder to identify. Finding the right personalities that will work well and compliment your existing team is critical. Personnel Decisions International (1999) explains, when hiring people it is important to determine the...
1398 words - 6 pages
Strategic Management and Entrepreneurship This chapter will provide you with an understanding of strategic management and entrepreneurship, with emphasis on the process of strategy formulation and implementation.The chapter opener, "Does Wal-Mart Have a Master Plan?" would unboubtely provoke a lot of thought for the average American. However, if one looked back at the humble beginnings of Wal-Mart stores, the question would be answered with a resounding YES. Wal-Mart has grown from a small town store to over 1600 stores and Mega Centers. The company has expanded its operations internationally...
2905 words - 12 pages
Scientific management theory was developed in the late 19th century by Fredric Winslow Taylor. At that time, the business environment was experiencing a revolution from agricultural to industrial dependency. As a result, a majority of the workers migrating from rural to industrial areas seeking employment opportunities were untrained and generally less effective. Taylor therefore sought to establish how an organization can enjoy maximum efficiency and productivity. He did this by scientifically studying the work flow process. Particularly, he was interested on how work was being conducted and the effect this had on individual productivity. He concluded that the level of...
3563 words - 14 pages
Establishing business operations in far-flung corners of the world has become a routine challenge for many companies. The practice of locating production lines in developing markets where labor is cheap, and fast-growing markets easily accessible, is almost mundane. But manufacturing products globally is one thing: creating them is another. Until recently, much of the brainwork of the organization has been concentrated in the home market. This has been particularly true of research and development, that part of the business that is so integral to the creation of new products and innovative...
2961 words - 12 pages
Performance Management Analysis
Performance management encompasses far more than an annual evaluation of an employee. Performance management includes an organization’s leadership and management. Also included is the strategic planning process. Defining the status of an organization’s present identity and future goals is a vital component of the strategic planning process typically carried out through an organization’s vision and mission statements (Aguinis, 2013). The following discussion of Coca-Cola’s vision, mission, and stagey along with their approach to leadership and management will provide insights as to the alignment of their strategy and performance management with their...
3046 words - 12 pages
Human Resource Management in Business
Human Resource Management (HRM) is no longer a personnel office that is simply a record-keeping and maintenance function. Huselid (1995) points out that there is a positive correlation that has developed between HRM as a strategic ally and company performance. HRM research has grown from an atheoretical origin to view organizational activities from an interdisciplinary perspective (Jennings, 1994) that is concerned with a movement toward methodological and theoretical development (Ferris & Judge, 1991). This review will look at the different ways HRM plays into the overall scheme of providing an organization with a more sustainable...
892 words - 4 pages
Executive SummaryLVMH is a luxury goods conglomerate worth investing in. Founded in 1987 with a merger between Louis Vuitton and Moët Hennessy, the company has sustained several years of high growth and profitability. As of 2011, the company had a store network of 2,423 stores across the US, Europe, Asia and other markets. The company employs more than 75,000 people and is headquartered in Paris, France.Its portfolio boasts over 60 prestigious brands in the following categories: fashion and leather goods, watches and jewelry, wines and spirits, publishing and media, perfumes and cosmetics, and selective retailing. Some of the brands include: Donna Karan and Marc Jacobs,...
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ASSIGNMENTUsing the information that you have gathered write a management report in which you:1.Critically assess the implications of Cap Gemini's business strategy and its current performance for the management of people within it.2.On the basis of your analysis make recommendations for Cap Gemini's short, medium and long-term HRM strategies that would address the issues you have identified. Your recommendations should include your proposed strategy for evaluating the implementation of the measures you recommend.TABLE OF CONTENTS1.INTRODUCTION12.CORE THESIS AND METHODOLOGY22.1.CORE...
1647 words - 7 pages
The resource based view of the firm (RBV) deals with the concept that by understanding the internal resource base and core competences, the management of a business will be able to employ this specific knowledge to create and sustain a competitive advantage. The RBV promotes the idea of firm heterogeneity and the notion that the conscious and tacit development of idiosyncratic bundles of resources and competences will provide competitive advantage. This is in contrast to the traditional analysis and strategy formulation that considered, in a neo-classical light, each firm to be a...
2766 words - 11 pages
This is a case study analysis report highlighting the management of workforce planning in the education sector of Australia. Although the education sector in Australia has experienced enormous prosperity some universities are experiencing management problems in terms of developing a well furnished human resource strategic planning. The revenue generated however from the education sector comes from student enrolment from international countries. The market and the growth of higher education flourishing due to international students has dropped considerably since the beginning of 2010 (Halachmi 2005). The Human Resource division has a commitment towards excelling in actions...
2825 words - 11 pages
Philip Knight is the chairman, CEO, and co-founder of Nike and he currently owns more than 90% of the firm. The company is internationally known for its trademark "swoosh" and its leadership in the athletic apparel industry. Philip H. Knight's involvement with a sporting goods company is not accidental. He has always loved running, was a miler in college and has participated in marathons since. Knight received a BBA in Accounting at the University of Oregon in 1959, and was an MBA student at Stanford University. The revolution of the sports clothing industry began in 1964, when Knight and his partner, coach Bob Bowerman, began to import Japanese shoes and sell them to local track runners,...
6655 words - 27 pages
1.0 INTRODUCTIONSocial responsibility is an ethical or ideological theory that an entity whether it is a government, corporation, organization or individual has a responsibility to society. This responsibility can be "negative", meaning there is a responsibility to refrain from acting (resistance stance) or it can be "positive," meaning there is a responsibility to act (proactive stance).There is a large inequality in the means and roles of different entities to fulfill their claimed responsibility. This would imply the different entities have different responsibilities, in so much as states should ensure the civil rights of their citizens, that corporations should respect and...
1879 words - 8 pages
Question 1: Critically analyze the growth strategy adopted by the Aditya Birla Group. What are your views on the business portfolio adopted by the group? (7 marks)
Aditya Birla Group is one of the first multinational corporations in India. Its headquarter is located in Mumbai with many others operations in different parts of the world such as in Asia (Thailand, Singapore, Myanmar, Laos, Indonesia, Philippines, China…), Europe (UK, Germany, Hungary, Italy, France, Luxembourg, Switzerland…), America (US, Brazil…). Throughout their growing, Aditya Birla have become well known in many sectors that they get involved in not only in India but also around the world. Back to the earlier day of the...
1761 words - 7 pages
1. IntroductionOur textbook defines diversity as "the ways in which people differ that may affect their organizational experience in terms of performance, motivation, communication, and inclusion" (Harvey & Allard 2012, p.14), whereas some authors rely on the assumption that diversity is a combination of "the varied perspectives and approaches to work which members of different identity groups bring" (Roberson 2004, p.6). For RBC diversity means "innovation and economic prosperity" (RBC diversity blueprint). Whatever the definition, it is clear that diversity encompasses numerous dimensions and aspects. For example, Loden describes two major dimensions of...
4092 words - 16 pages
Managing in a Cross-cultural EnvironmentUniversity of PhoenixIn the business world today, many companies are moving more toward a global stage have to deal with cultural differences and other daily changing factors. As multinational corporations become "more transnational, their strategies must address the cultural similarities and differences in their varied markets" (Hodgetts, 2005, p. 128). In this paper, each contributor will identify two separate companies that have faced challenges in the areas of cross-cultural management. The paper will also review specific issues faced by the course scenario company, Riordan Manufacturing in comparison with the contributors selected...
4358 words - 17 pages
FDI in Real Estate of India and China
FDI refers to the investment made by a foreign individual or company in productive capacity of another country for example, the purchase or construction of a factory. FDI also refers to the purchase of a controlling interest in existing operations and businesses (known as mergers and acquisitions). Multinational firms seeking to tap natural resources, access lucrative or emerging markets, and keep production costs down by accessing low-wage labour pools in developing countries are FDI investors.
Foreign direct investment (FDI) is the movement of capital across national frontiers in a manner that grants the investor control over the acquired asset....
1417 words - 6 pages
Social Responsibilities of Business Corporations: Do Corporations have Social Responsibilities that Extends much Beyond the Profit Maximizing Concept? Introduction In the early 20th century, business firms were predominantly concerned with maximizing their profits. However, in the 1970s, social activists began to question business enterprises? singular objective of profit maximization. They argued that since businesses derive their existence from society, they have some obligations...
1828 words - 7 pages
The 2011 Singaporean general elections serves as a clarion call for important changes in public policy. The Singaporean population has sent strong signals to the government to review its pro-economic stance and recognize social concerns stemming from population growth, public housing and low wages. In response, the Singaporean government created new public policies and adapted current ones to suit the local situation. I believe the government has been successful in taking crucial steps of recognizing and addressing the problems at hand.Amendments to housing policySingapore has introduced its 7th round of property cooling measures in early 2013, increasing...
8307 words - 33 pages
Table of ContentsExecutive Summary31.0Introduction42.0Leadership Defined42.1Leadership and Organisational Performance52.2The Leader and the Context62.3Leadership and followers72.4The Leadership Agenda73.0Leadership Development93.1The South African Context114.0Methodology115.0Leadership Development at Atlas Copco SA125.1Leadership at Atlas Copco SA125.2Challenges facing Leadership at Atlas Copco SA135.3Atlas Copco's Strategic Objectives145.4Leadership...