M:MANAGEMENT
6th Edition
ISBN: 9781260062885
Author: BATEMAN
Publisher: RENT MCG
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Chapter 6, Problem 2DQ
Summary Introduction
Case summary:
The social entrepreneurs are the change agents, here the managers utilises the functions of management not only to generate profit but also to develop sustainability, environmental responsibility, and innovation. Company A is the global firm started by person BD in the year 1980. The company has made many achievements, which has assisted in making the social enterprise programs available in the public policy schools and business schools.
The employees of company A works on serious issues in few areas like justice, health, and environment. The firm creates the society of change leaders concentrating on serious issues from health to justice in the environment.
To discuss: The other means of creating effective sustainability.
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Thailand wants rice pricing deal with Vietnam for 'bargaining power' Academic adaptation from: https://www.channelnewsasia.com/business/thailand-seeks-rice-price-pact-vietnam-boost-bargaining-power-2711736?cid=internal_mcdrecs_04072022_cna#mdcrecs_s BANGKOK: On Friday (27 May), a Thai government official said Thailand and Vietnam are in talks to raise rice export prices to gain global market leverage and boost farmer incomes.
Thai and Vietnamese agriculture authorities, the world's second and third largest rice exporters, met in Bangkok on Friday to explore ways to support their farmers and rice sectors and control rising production costs. Thai government spokeswoman Thanakorn Wangboonkongchana said, "We aim to raise rice prices, increase farmer income and increase bargaining power in the global market," after talks at a farm expo. "The rice price has been low for more than 20 years while the cost of production has been increasing." Pricing increases were not immediately addressed by…
Future Trends in Rice Supply for Singapore
What are some upcoming challenges that could affect how Singapore gets its rice? Think about how past events, like Indonesia banning palm oil exports or India stopping wheat exports, caused disruptions. Could similar things happen with rice? Share some examples to explain your thoughts.
I have researched on past Past examples of other soft commodities:- on 28th April 2022 Indonesia announced a complete ban on palm (cooking) oilbecause of domestic shortages resulting in rising prices. This ban was lifted 23rd May2022, three weeks later.- on 14th May 2022 India banned the export of wheat exports with immediate effect, tocalm local prices.- on 23rd May 2022 Malaysia announced the ban on export of live chickens toSingapore effective from 1st June 2022 - to curb domestic supply and pricing issues.This ban was eventually lifted 11 Oct 2022, four and a half months later.
High Supply Risk:
Climate change is disrupting major rice-producing countries like Thailand and Vietnam.
Limited global trade availability (only 7-10% of total production is exported).
Currency fluctuations, freight costs, and government policies further threaten supply stability.
2. High Impact on Business:
Rice is a staple food in Singapore, crucial for national food security.
A supply shortage could lead to price inflation and food security concerns.
Dependence on a few key suppliers makes supply chain diversification challenging.
Procurement Strategy for Singapore:
Diversify sourcing (e.g., increase imports from Myanmar).
Invest in climate-smart rice research to improve resilience.
Stockpile rice reserves to buffer against supply shocks.
Strengthen trade agreements with key exporters like Thailand and Vietnam.
Solution
Rice should be positioned as a Strategic Item in Singapore's Kraljic Matrix due to its high supply risk and high impact on business (food…
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