1.2.2. TheLaw of Requisite Variety
TheLaw of Requisite Variety says that the number of different states of a system’s control mechanism must be higher than or at least equal to the number of (possible) different states in the system being controlled, in order to guarantee stability. But in reality, the variety of the environment is larger than the variety of the organization.
Stafford Beer
1. Brief Introduction to theCompanies and the Industry in which they compete.
(1) Coca-Cola Company (CCC)
The Coca-Cola Company is the largest manufacturer, distributor and marketer of nonalcoholic beverage concentrates and syrups in the world. The Company were incorporated in September 1919 under thelaws of the Sate of Delaware and succeeded to the business of a Georgia corporation with t
(1) What is material?
Certain provisions of the SEC apply only to matters that are “material” to the financial condition of the company. Therefore, interpretation and application of those provisions relates to the issue of “what is material”.
Item 101 of Regulation S-K requires that companies must disclose material effects that compliance with environmental law will have on earnings, c
law, ethical standards, and international norms. McDonald's, IBM, Google, IBM, Microsoft, etc. are all very good examples of such companies. In Korea, when it comes to social responsibility, we have Yuhan-Kimberly which is one of the pioneers in our nation to practice social responsibility into their management. That is why we chose this corporation especially in this critical juncture where c
the environment have raised issues for businesses.
2. The importance factor moved from the environment to society.
3. The public started to pay attention to 'good' companies, which
contributed to both the environment and society.
4. The world responded with NGOs as well as international organizations instituting rules and regulations concerning business ethics and CSR.
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