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Panasonic vs Sony Case Study Solution

ABSTRACT

Panama’s dollar-based economy, developing economic region and strategic location in Latin America make it an Panasonic vs Sony Case Study Solutionattractive location for businesses looking to grow internationally. The Panama Canal and the Colon Free Zone mark Panama as the second largest trading port worldwide and a main trading partner for the United States (Doing Business in Panama, 2012). A current project aimed at expanding the Panama Canal, is estimated to be completed in 2015, and will support continued economic growth and encourage business development in upcoming years. An examination of environmental priorities, enacted regulations and corporate environmental practices are compared and contrasted with regional Panasonic Panama headquarters, and the United States’ Sony Corporation of America. Taking into account different stages of economic growth for each respective country provides insight into degrees of regulation and regional expectations of sustainability practices.  Striving to maintain economic growth, and establish itself as a strategic business center, Panama must balance environmental regulatory policies with the need to support an attractive business environment. To obtain qualified data for each company and country, an extensive internet data collection process was followed. Information and data were collected from internet and database queries utilizing reputable government sites and national news sources. This Panasonic vs Sony Case Study case study solution explores the differences in environmental priorities between, Panasonic versus Sony, to provide a framework for developing dynamic company initiatives to support sustainability as a corporate social responsibility.  A focus on local activities demonstrates company and employee engagement, as well as varying regional needs, and environmental concerns, for each country.  Findings from this project reveal similarities in operational initiatives related to conserving resources, promoting sustainability and business process efficiencies. Primary differences involved a highly-regulated business environment in the U.S. versus Panama, as well as community-specific programs emphasizing restoration efforts by Sony Co. and educational initiatives by Panasonic. Impacts of the results from this research are beneficial for developing countries looking to implement environmental policies and for companies facing pressure to increase environmental activism. A balanced analysis of strategies employed by each company as well as governmental restrictions in each country reveal insights into international policy regulation, regional environmental awareness, and effective company processes for reducing the corporate environmental footprint.

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