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Essay / Research Paper Abstract
A 21 page paper assessing the value of chemical companies’ IT functions. The Bhopal disaster still would have occurred had the Internet existed in today’s commercial form at the time of the accident in 1985, but one can only speculate that the former Union Carbide would have been able to manage it better and perhaps save some of the lives that were lost. Internal and external pressures, the tightening economy and the continued trend to globalization all have brought about business changes that are systemic and likely permanent, and the chemical industry’s expansion of its IT capabilities focuses extensively on security and managing risk. IT plays a significant role in serving and monitoring the triple bottom line business model that Dow uses and likely will be instrumental in influencing other chemical industry organizations to adopt as well. The paper also discusses the growing importance of IT in managing organizations’ supply chains and monitoring their environmental effects. Bibliography lists 12 sources.
Page Count:
21 pages (~225 words per page)
File: CC6_KSitChemInd.rtf
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Unformatted sample text from the term paper:
The Bhopal disaster still would have occurred had the Internet existed in todays commercial form at the time of the accident in 1985, but one can
only speculate that the former Union Carbide would have been able to manage it better and perhaps save some of the lives that were lost. Internal and external pressures,
the tightening economy and the continued trend to globalization all have brought about business changes that are systemic and likely permanent, but the chemical industrys expansion of its information technology
(IT) focuses extensively on security and managing risk. Business has undergone greatly significant changes in only the past decade, and many of those
changes are dependent on the efficient use of the higher levels of corporate information available now. Astute organizations are cognizant of these changes and even now are creating climates
in which that information can best enhance the bottom line. The worlds largest chemical company after acquiring Union Carbide, Dow Chemical places attention to the bottom line in a
manner that most organizations do not. The common view of behaving responsibly is that such behavior is admirable but is not cost effective.
Dow Chemical officially takes the opposite view. As a matter of corporate policy, Dow Chemical conducts its business within the framework provided by the Triple Bottom Line (TBL)
business model that addresses not only the financial bottom line, but also the areas of corporate social responsibility and long-term sustainability. In cost issues, Dows perspective that avoidance of
the unnecessary costs of cleanup or damage control (i.e., Dow Consumers breast implants or Union Carbides Bhopal disaster) in the long run is more costly than is avoiding these problems
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