This, the first session, is built around implicit opportunities for sustainability. Videos and activities are based on why sustainable practices are necessary and to challenge participants’ views. The first video entitled “The Journey of Sustainable Business” explains the current environmental situation, the activities that have led to it and what some companies are doing to ensure their operations are sustainable.…
The competitive environment in today’s business world poses many dangers to the sustainability of the biosphere, which is so vital to life. Business organizations have a responsibility to help sustain and preserve the environment for future generations. Corporations must take initiative in developing business plans that incorporate sustainable business practices into the strategic direction of the organization. Successful achievement of a sustainable business plan also requires identification of barriers to implementation and development of strategies to overcome such barriers. In addition, to measure the success of sustainable business practices, organizations must continually monitor the progress and communicate results of their sustainable plan efforts. A review of the Riordan Manufacturing’s current business practices helped to illustrate the development and implementation of a successful sustainability plan. Riordan must concentrate on developing a plan to address unsustainable practices such as the release of harmful emissions, improper disposal of off-spec raw materials, and the release of harmful solvent cleaners into the biosphere. To implement these strategies and secure the improvement of Riordan’s sustainability, the organization must anticipate financial, social, ethical, technical, and practical barriers to these plans. Understanding the barriers helps the organization prepare an action plan to overcome these obstacles and ensure the successful implementation of its plans. The keys to avoiding impediments from financial, social, ethical, and technical barriers are communication and commitment. Communication is vital to the implementation of a successful sustainability plan. Riordan Manufacturing must institute a comprehensive communication plan to address the concerns of affected stakeholders. In addition, the…
Environmental sustainability has become a hot topic in the last couple of decades because of global warming and other weather related changes. In today’s business world, environmental sustainability is an essential part of corporate social responsibility (CSR); therefore, very important to stockholders, owners, as well as to the public in general. Everybody wants to know how businesses are run and how their operations affect their communities for generations to come.…
Sustainability has become a great topic of interest in many arenas. Particularly, leading organizations are recognizing sustainability needs to be an essential aspect of their long term strategies. With this recognition, better business practices are being sought by investors as well as sustainability is becoming a driving force for better efficiencies and innovation. Two organizations, Wal-Mart and Starbucks, have both took on sustainability as long term initiatives to address their customer needs and affect how their suppliers operate.…
In a profit-driven market, executive decisions are based on capital gain instead of long-term sustainability of the planet. Too many pollutions have killed the sea life in the oceans, the streams, the ground soil, the ozone, and all of these practices have poisoned the planet. Business leaders need to change their philosophy of sustainment through capital gain to sustainment through environmental sustainability and be a socially responsible company to stay competitive in today 's market…
It is no mystery that companies exist and desire to make a profit from their product or service being offered. However, it is becoming increasing popular that companies desire to achieve social responsibility in order to increase their public image, which in turn should lead to increased profits. In this class, we learned that social responsibility is the duty to take an action that will benefit the interests of society and the organization (Kinicki & Williams 2011). One of the ways to become more socially responsible that is adopted by many companies is through green management, which is referred to using various policies to reduce environmental problems (Tim Barnett, n.d.). More and more companies are becoming concerned about the impact their organization is having on the natural environment.…
Sustainability to me in the business world means that an organization operates environmentally responsible and safe. The different methods utilized and products produced must have no harmful effects on the environment due to their existence. It is imperative for all businesses to be sustainable and find ways to incorporate it in order to be able to succeed in today’s business environment. This process has become part of the new and changing culture and different competition method. Yes a green company does impact my choice when I purchase my cleaning products from the local grocery store. I pay the extra money, but at the same time I know I am doing my part by taking care of the environment.…
As one of the important things that Debora mentions, sustainable business practices can be used as some guidelines to ensure that every business entity achieves sustainability, while at the same time being able to make their profits. This means that businesses would be able to meet their targets of profits, be able to sustain their workers and make sure that people do not interfere with the main purpose of sustaining the business and the planet. This is in consideration of the fact that people and businesses rely on the resources that are generated by the planet. With every business targeting to make profits, the planet should not get depleted just because of the projections of the business entities, there needs to be a balance among people, the business targets or profits, and the planet’s state of resources.…
The first words in the article are “Going green can be profitable”, and this is an important thing to remember. Being socially conscious and environmentally friendly can positively impact the bottom line of an organization. This has mistakenly led some organizations to decide that the most effective way to contribute to society and the earth is to create a focus on how to reduce costs and increase profits environmentally.…
Conducting business in global markets can be very stressful. With regards to environmental factors, the way that business conducted is very important. We now live in a society where…
Business sustainability is a business approach have policies of environmental and human rights which means the business creates long-term shareholder value from no negative influence opportunities and managing risks on global or local society, environment, community and economy [3]. Smukowski [2] claimed that the concept of business sustainability is a prior plan of the long-term viability and optimizing resource needs, reducing environmental, energy or social impacts which will not damage the profitability of business. It can be summary from above that sustainable business means the enterprise consider not only financial factors, but also more comprehensive concern the impact of environmental and resource efficiency.…
Many companies talk about reducing greenhouse gas (GHG) emissions, but too often there’s a large gap between words and action. Most companies seem to be holding off on taking any real steps to reduce their environmental footprint because they believe the investment cost is too high.…
The purpose of this report is to (a.) Explain the current economic system and identify conditions that may lead to a more sustainable economy; (b.) Create a vision and strategy for Colourful Corporation to participate and contribute successfully to this new more sustainable economy, and ;(c.) Outline the impacts that this will have on the CEO’s governance of the company.…
This is an overview of our presentation: first, we will define business sustainability. Then, we will talk about the importance of business sustainability at Indooroopilly, afterwards going over three sustainable business practices in place right now. Subsequently, we will…
It is also vital for businesses that are trying to become more environmentally friendly - so even if you’re more motivated by saving the planet than making money, there might be a place for you in the world of business.…