Contemporary Strategic Management in Global Context

This document discusses the concept of contemporary strategic management in a global context. It covers topics such as VRIO analysis, SWOT analysis, PESTLE analysis, and significant changes expected in the next 5-10 years. It also explores the relationship between ethics, governance, and corporate social responsibility in strategic management and global strategy.

Contemporary Strategic
Management in Global
Context

Table of Contents
INTRODUCTION...........................................................................................................................3
VRIO Analysis.......................................................................................................................3
SWOT Analysis......................................................................................................................3
Pestle Analysis........................................................................................................................4
What significant changes are believed to be likely to occur in the next five to ten years?....5
Include issues related to ethics, governance and corporate social responsibility and their
relationship to strategic management and global strategy......................................................6
CONCLUSION................................................................................................................................7
REFERENCES................................................................................................................................7

INTRODUCTION
Clean Harbors Inc. is a company which provides environmental, industrial as well as energy
services. It also includes disposal of wastes for a number of companies. It dealt with a of 500
fortune companies (Okumus, Altinay and Koseoglu, 2019). Its headquarters is situated in
Norwell, United States. It was founded in 1980. The company have a revenue of over 300 crores
every year.
Strategical analysis
Mission statement:
The mission of clean harbor is to increase their reach and provide safety which is the top
priority for company.
Vision statement:
Vision of company is to provide premier environmental, energy and industrial services.
Company operates in two of the following reporting segments which include environmental
services and safety clean which together made up of several businesses.
Objectives
The major objective of clean harbor are mentioned below:
 Health and safety
 Customer solution
 Energy Usage
 Supply Chain
Customers
clean harbour has an interest structure for waste management facilities which cannot be managed
or copied by any of its competitors. Till today it serves 47,000 customers which includes more
than 325 companies included in 500 Fortune companies. Other than this they also have business
with a number of small private entities and federal, state as well as local governmental agencies.
All these are major customers for the company.
Competitors
Major competitors of company are republic services which provides solid waste
collection, disposal, energy services etc (King and Schramme, 2019). which us also stationed at
US. Covanta another competition for the company which is a global corporation and provides

waste management services. EcoStim energy solution is also an environmentally focused
company which provide oil field services and a number of technologies. Another major
competitor for the company is Nexeo plastics which was set up in 2019 and is a private company
where all others are public. The company helps in distributing a wide range of plastic products. It
is mainly concerned with retail distribution in plastic business. It is the major new entrant in this
industry and can be a threat for clean harbour as well.
SWOT Analysis
Strengths:
 Successful track records for developing new products and bringing in innovation.
 Strong community of dealer (Shams and Solima, 2019).
 Automation of activities for quality of products.
 Good returns on capital Expenditure
 High level of customer satisfaction.
Weaknesses:
 Marketing of products are not up to mark.
 New entrants pose a lot of challenges for company.
 The finances of company are not done effectively.
 Lot of expenditure on training and development of employees.
Opportunities: Look for more customers through online medium. Increase in spending by customers. A number of new environmental policies. New trends in consumer behaviour,
Threats: Rising level of pay for employees. No supply of innovative products regularly. Company facing lawsuits in a number of nations Shortage of labours who are skilled and experienced.
Pestle Analysis
Political factors: Corruption is leading to regulation in goods sector of industry.

 Military invasion risks (Hannaford and HALL, 2019). Employees benefits are mandatory. Taxation and tax rates.
Economic factors: Literacy rate in economy. Infrastructure in waste management industry. Quality management in this industry. Labour costs Inflation rates
Social factors:
 Attitudes of customers.
 Leisure and interests of customers.
 Culture of place
 Spirit of entrepreneurs
Technological factors:
 Technological changes brought by competitors.
 Increase in product offerings through technology.
 Technological diffusion
 Industrial goods sector through value chain
Legal factors:
 Laws regarding health and safety
 Laws of discrimination.
 Patents, copyrights etc.
 Laws of data protection.
 Employment laws for company.
Environmental factors:
 Climatic changes
 Recycling for betterment of environment
 Ecological and green products
 Environmental pollution laws

What significant changes are believed to be likely to occur in the next five to ten years?
There are various changes which take place in Clean Harbors in future period of time
between 5 to 10 years related to waste management which is going to be mentioned below:
Strong waste management: Due to increase in use of waste management technique, it brings
innovative within business organisation in future period of time. It increases level of profitability
in upcoming time of 5 to 10 years (Iyer and Jarvis, 2019). And also, it boosts performance level
of organisation which will be beneficial for success and growth of company. They make
financial budget for using strong waste management technique which bring innovation within
business organisation during the period of time. The strong management technique helps in
optimum utilisation of resources by eliminating wastage within business organisation in an
effective manner
Technological changes: Herein, the business organisation focuses on implementing
advanced technology that brings changes in organisation. And, it helps in doing work related to
waste management in easy way which increases sales of company in future period of time. It is
necessary to adopt advanced technology to cope up with dynamic environment at workplace.
Through the use of advanced technology, they recycle and reuse the product in order to reduce
wastage as well as increasing productivity level in the period of 5 to 10 year. It is necessary to
improve in technology for attracting large number of customers towards waste management. It is
important for both successes of organisation and towards society. Therefore, they make effective
utilisation of resources in order to eliminating wastage.
Climatic changes: It is necessary for company to consider climatic changes which occur
suddenly. Therefore, the organisation focuses on changing climatic condition which imposes
direct impact on success and growth of company. In addition to this, they bring changes in
providing different kind of services such as environmental, energy as well as industrial services
by determining climatic changes in upcoming period of 5 to 10 years.
Infrastructure changes: It is necessary to change in infrastructure in future period of
time. Due to construction of building, the wastage increases. Therefore, the organisation focuses
on optimum utilisation of resources by minimising wastage (Cheng and Foley, 2019). They ring
the changes in work related to infrastructure in upcoming period of time for increasing profit in 5
to 10 year. It has been stated that, for optimum utilisation of resources as well as reducing

wastage, it is necessary to bring infrastructural changes which will be beneficial for business
organisation in upcoming period of time.
Include issues related to ethics, governance and corporate social responsibility and their
relationship to strategic management and global strategy.
There are different issues in relations to ethics, governance and corporate social
responsibility in relation of clean harbors which is going to be mentioned below:
Ethics: There are different ethical issues which are confronted by organisation across
global level. The society does not accept waste management technique in present time. They
make effective strategy for promoting their waste management technique in order to attract large
number of customers at marketplace. There are other ethical issues is related to Covid 19. Due to
this, the individual person does not pay attention on waste management is the ethical issue which
is confront by company. And it can be resolved by making effective strategy to gain knowledge
regarding managing waste in an appropriate manner.
Governance: The corporate governance is another issue which is faced by business
organisation. It is the duty of clean harbors to provide benefits to its stakeholder with offering
benefits to society. It is vital for company to attract customer towards waste management in
order to increase profit of company. In addition to this, they will also take care of benefit which
must be provided to its stakeholder with fulfilling responsibility towards society. Therefore, they
make effective strategy for resolving corporate governance issues in an effective manner
Corporate social responsibility: There are different issues related to corporate social
responsibility within business organisation. In context of clean harbors, it is necessary for
organisation to follow corporate social responsibility for protecting environment for benefit of
society. In addition to this, it is vital for company to fulfil responsibility towards society which
will be beneficial for organisation. They perform different function in order to cope up with
issues faced by company relation to corporate social responsibility. For this purpose, they make
effective strategy in order to provide discount to its customer regarding waste management
which fulfils their corporate social responsibility in an effective manner.
CONCLUSION
The following report and poster depict various factors of Clean Harbor. This will help
company to formulate their new strategies. Through the help of it company may easily increase

its strengths and also decrease its weaknesses. They may attempt to grab all the future
opportunities present with company. They can profit themselves by creating and formulating
policies which will help them in gaining market capital and increasing its revenues in future.

REFERENCES
Books and Journals:
Okumus, F., Altinay, L.and Koseoglu, M.A., 2019. Strategic management for hospitality and
tourism. Routledge.
King, I.W. and Schramme, A. eds., 2019. Cultural Governance in a Global Context: An
International Perspective on Art Organizations. Springer.
Shams, S.R. and Solima, L., 2019. Big data management: implications of dynamic capabilities
and data incubator. Management Decision.
Hannaford, J. and HALL, J., 2019. Change and Management Responses. Changes in Flood Risk
in Europe, p.344.
Iyer, G.R. and Jarvis, L., 2019. CSR adoption in the multinational hospitality
context. International Journal of Contemporary Hospitality Management.
Cheng, M. and Foley, C., 2019. Algorithmic management: The case of Airbnb. International
Journal of Hospitality Management. 83. pp.33-36.