Sustainable Business Strategy
This presentation is the property of its rightful owner.
Sponsored Links
1 / 12

Sustainable Business Strategy Sample By Global Assignment Help PowerPoint PPT Presentation


Looking for samples on assignment writing? Global Assignment help provides sample on Sustainable Business Strategy ,For more sample and assignment help visit our website

Download Presentation

Sustainable Business Strategy Sample By Global Assignment He...

An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -

Presentation Transcript


Sustainable business strategy sample by global assignment help

Sustainable Business Strategy

Toll Free No. 44 203 3555 345

Mail Us: [email protected]

Need Finance assignment Help? Global Assignment help provides best assignment help for

all subjects.


Sustainable business strategy sample by global assignment help

Table of content

Introduction ......................................................................................................................................3

Task 1 ..............................................................................................................................................3

Analysis of global sustainability agenda..................................................................................... 3

Current forces for the alteration in sustainable environment of business ................................... 4

Impact of current sustainability issues on business organization ............................................... 7

Task 2 ..............................................................................................................................................8

Extended boundaries of the sustainable business organization .................................................. 8

Impact of structure and objectives on sustainability aspects of business ................................... 9

Conclusion .....................................................................................................................................10

References ......................................................................................................................................11

Toll Free No. 44 203 3555 345

Mail Us: [email protected]

Need Finance assignment Help? Global Assignment help provides best assignment help for

all subjects.


Sustainable business strategy sample by global assignment help

Introduction

Sustainable development can be termed as development strategy formed to satisfy present

demand without affecting environmental factors. In simple terms, sustainable development

means such a development which fulfills present needs and requirements of people or business

organizations without compromising with the abilities to meet demand of future generation

(Ghosal, 2015). There are two key things involved in sustainable development namely, the

concept of needs and the idea of limitations. In this report, Confederation of British Industry is

selected in order to provide secondment in order to bring sustainable development in the

economy by compromising with number of issues and generating new ideas in the firm for better

utilization of resources.

SAMPLE ON Sustainable Business Strategy

FOR ASSIGNMENT HELP

KINDLY CONTACT AT:

[email protected]

Task 1

Analysis of global sustainability agenda

For the sustainability development of 21st century global action plan has been prepared

by regulatory authorities. This plan is known as Agenda 21. Main objective of this action plan is

to satisfy demand of present economy without hampering the ability of fulfillment of needs and

expectation of future generation (Teece, 2010).

Toll Free No. 44 203 3555 345

Mail Us: [email protected]

Need Finance assignment Help? Global Assignment help provides best assignment help for

all subjects.


Sustainable business strategy sample by global assignment help

There are number of chapters included in the agenda which helps to resolve the issues of

various social entities. For this aspect, support is provided by both government and non-

government authorities. However, as a matter of fact, in every area, activities performed by

human resources of business firm impacts the environment to much deeper extent. Some of the

key areas have been described with their basis for actions, objectives and means of

implementation. They are explained below:

Section first: Social and economic dimensions

Promotion of sustainable development through trading activities

oApproach of this action: - In this section, consistent trading system which are

open and equitable, secure and non-discriminatory system with the main objective

of sustainable development results in growth of optimal distribution of global

production on the basis of competitive advantage (Boons,2013). However, this

approach needs commitment for the feasible implementation of economic policies

for effective management. On the other hand, there are several developments

which have provided new opportunities and threats that could had a great impact

over international trading environment.

oObjectives: - The main objective of such a sustainable development is to attain

accessibility of market of developing countries for the exports activities.

oMeans of implementation: - Financing and cost evaluation terms which includes

non-concessional, depends on the specific strategies and programmes

governments decides on the implementation.

To develop mutual support of trading activities and environmental factors

oApproach of this action: - According to this chapter, there should be coordination

between trade policies and environmental factors (Boons, 2013). Furthermore, an

open and multilateral trading system results in more effective as well as efficient

allocation and utilization of resources. Simultaneously, it leads to increased

production by minimizing demands on the environment.

Toll Free No. 44 203 3555 345

Mail Us: [email protected]

Need Finance assignment Help? Global Assignment help provides best assignment help for

all subjects.


Sustainable business strategy sample by global assignment help

oObjectives: - Major objective of this chapter is to develop proper support between

trading activities and environmental factors for the promotion of approach of

sustainable development.

oMeans of implementation: - In this situation as well, the means of

implementation of such a sustainable development is financing and cost

evaluation.

To provide appropriate monetary funds to the developing nations for the sustainability

development

oApproach of this action: - For the economic development, growth and welfare of

developing nations huge financial sources are required. With these monetary

funds, investment will be made be regulatory authorities in development policies

(Christersson and Rothe, 2012). Not only that but needs and requirements of the

developing population can also be fulfilled with appropriate investment amount.

oActivities: - Meeting international targets of official growth assistance funding

and addressing the debt issue.

oMeans of implementation: - Financing and cost evaluation.

Current forces for the alteration in sustainable environment of business

Description of current forces for the alteration in sustainable environment of business is

enumerated below:

SAMPLE ON Sustainable Business Strategy

FOR ASSIGNMENT HELP

KINDLY CONTACT AT:

[email protected]

Toll Free No. 44 203 3555 345

Mail Us: [email protected]

Need Finance assignment Help? Global Assignment help provides best assignment help for

all subjects.


Sustainable business strategy sample by global assignment help

Stakeholders: - Stakeholders analysis is very crucial for identifying all the factors either

directly or indirectly affects operations and procedures of Confederation of British

Industry. Stakeholder analysis helps to define issues, concerns and information needs of

stakeholders regarding cited firm’s organizational sustainable development activities. In

this context, examining the parties that have vested huge sum of interest in the cited

industry. This is the major aspect of concept of sustainable development (Fowler, 2007).

This aspect also enhances corporate accountability of organization.

Furthermore, it is considered as one of the key difference between sustainable and

conservative management practice. On certain occasions, stakeholder analysis may result

in conflicting expectation. For instance, in rare cases, customer’s demands for new and

environment safety products and services but from the industry point of view they will

consider profitability and growth perspective. Confederation of British Industry speaks

for 190,000 businesses, made up of around 1,500 direct and 188,500 indirect members.

Due to this aspect, they are required to balance customer expectations and growth factors.

Sustainable development policies and objectives: - Such objectives are considered on the

basis of core values which are expected by the workers of company with respect to

sustainable development. With this aspect, target are set in order to ensure standard

operating performance. In this regard, senior management of should take responsibility to

initiate policies and objectives for the members part of it regarding its sustainable

development (Melville, 2010). Most of the economics are of the view that a policy on

environmental responsibility is a very crucial as well as advantageous action to attain the

objective of sustainable development. However, there are various advantages of

compulsion policy of sustainable development. It is because; policies and objectives on

sustainable development is defined by the CBI and it will be mandatory to be complied

by the members.

Implementation plan: - Designing and executing an implementation plan is very crucial

for the management system changes that are needed in order to attain sustainable

development objectives (Teece, 2010). Planning objectives through meetings and

discussion is not well enough but implementing those plan and policies in the business

Toll Free No. 44 203 3555 345

Mail Us: [email protected]

Need Finance assignment Help? Global Assignment help provides best assignment help for

all subjects.


Sustainable business strategy sample by global assignment help

organization affects the entire firm as it changes the operations of the firm. Sustainable

development plans and policies designed by the CBI should be communicated with all

the members in a formal meeting before implementing them into action. It is necessary

because without concerning with stakeholders, chances of disputes mat arise and it

becomes even difficult for the firm to implement changes. Sometimes, it is observed that

various businesses resist changes if they feel it inappropriate so it can be said that it is

very crucial to communicate with the members before implementing changes (Welford,

2013).

Supportive corporate culture: - An appropriate corporate culture is very essential for

successful implementation of plans and policies for sustainable development.

Implementation of approach of sustainable development is not easy because most of the

business organizations tend to experience a kind of renewal in the organization. In this

aspect, CBI can declare benefits for the implementation of sustainability in business

entity. This approach had assisted not only in generating innovative ideas but it also helps

the firm in generating enthusiasm in the decision making program itself. Most of the

organization as management is committed to operate commercial activities in socially

responsible manner (Kronlid and Öhman, 2013). However, this may be attained only

after retiring. In some organizations, manager finds it difficult to change their role and

perceptions while developing sustainability with the workplace. In multinational

companies, managers do not like to change their attitudes toward work but try to

implement changes in pre-defined manner.

SAMPLE ON Sustainable Business Strategy

FOR ASSIGNMENT HELP

KINDLY CONTACT AT:

[email protected]

Toll Free No. 44 203 3555 345

Mail Us: [email protected]

Need Finance assignment Help? Global Assignment help provides best assignment help for

all subjects.


Sustainable business strategy sample by global assignment help

Development of standard measures for the assessment of performance: - The

implementation of sustainable development will be assisted by preparation of reports by

monitoring performance of member businesses (Williams and Schaefer, 2013).

Performance needs to be measured on continual basis in order to identify the

effectiveness of implemented actions. If the sustainability development objectives do not

work well, it can be identified with through measuring them. But in many of the cases,

most of the organizations are well ahead of government in establishing sustainable

development. Though government make lot of efforts in designing sustainable

development in each and every business firm but in some cases, organizations do not take

enough interest and in other cases, firms establishes sustainable development initiatives

even better than the regulatory authorities (Ghosal, 2015).

Impact of current sustainability issues on business organization

Some of the issues which create huge impact on sustainable development of CBI are

enumerated as below:

Metrics for the measurement of sustainability: - It is very difficult to tackle with issues

and goals without obvious metrics. However, it is often very difficult to measure

sustainability initiatives as they affect businesses as well as market at macro level.

Moreover, there regulatory implications are also unclear as well (Bocken, 2014). Impact

of this metrics cannot be immediately identified as it is directly affected by the aspect that

who had implemented this policy and at what level.

Government policies are required to be developed by considering its integration with

the objective of sustainable development: - In this regard, the regulatory authorities have

number of tools at their disposal such as taxes, rules and regulations, markets for the

implementation of steward environmental resources in the businesses.

Customers do not consistently factor sustainability into their purchase decisions: -

customers are likely to behave differently at the time of purchasing products and services

from the firm. However, it is necessary for the CBI to understand how consumer’s values

Toll Free No. 44 203 3555 345

Mail Us: [email protected]

Need Finance assignment Help? Global Assignment help provides best assignment help for

all subjects.


Sustainable business strategy sample by global assignment help

sustainability in the context of other product attributes. This aspect will assist CBI in

developing services that meet their needs.

Implementation of sustainability in business strategies : - In most of the business firms,

managers find it difficult to fit sustainability in their firm. The main reason behind it is

differences in the nature of business as uniform guidelines is difficulty to form by

considering viewpoints of all the members.

Other factors: In most of the cases, business organizations find it difficult to identify the

crucial threats and opportunities for business (Slack, 2015). Organizations in some cases

have trouble in communicating their good practices credibly and keep away themselves

from being perceived as greenwashing. Better guidelines are required in order to engage

major stakeholders of the business. There are no common set of rules for sourcing

sustainability.

Extended boundaries of the sustainable business organization

There has been a great impact of business organizations on broad range of stakeholders

either directly or indirectly in their course of actions. It is because; the Confederation of British

Industry has a responsibility towards all the members business. By considering this aspect, CBI

is required to assure that sustainable policies are beneficial for businesses as well as

environment. In addition to this, CBI should ensure that member organizations are operating in

fair manner by considering all ethical aspects. (Maas and Reniers, 2014). Moreover, owner of the

businesses should receive excellent return on investment on sustainability and along with that,

they should properly disclose relevant information and their suggestions during the decision

making programs should be respected by all the members.

SAMPLE ON Sustainable Business Strategy

FOR ASSIGNMENT HELP

KINDLY CONTACT AT:

Toll Free No. 44 203 3555 345

Mail Us: [email protected]

Need Finance assignment Help? Global Assignment help provides best assignment help for

all subjects.


Sustainable business strategy sample by global assignment help

[email protected]

Sustainability principles must extend across the boundaries of the business in order to

involve its customers, suppliers, regulatory authorities, competitors and society or community

within which the firm operates its procedures. In the extended boundaries of sustainability,

customers should be given appropriate services. They should be treated fairly and with dignity

(Ortiz‐ de‐ Mandojana and Bansal, 2015). Their cultures and traditions should be respected by

the member organizations for the purpose of retaining the for long term objectives. Along with

that, proper health and safety measures should be considered and they should be provided the

highest quality of services.

Dealings about services by CBI should be transparent and truthful so that the firm can

gain trust or faith towards their members and environment. Moreover, relationships with

members should be based on long-terms objectives and should also be truthful without any

biasness (Klettner, Clarke and Boersma, 2014). Involvement of members in decision making

procedures is also important for getting valuable suggestion from them for welfare of entire

industry. However, CBI should be very careful at the time of while selecting policies and

simultaneously should ensure that members follow good employment and environmental

practices. Furthermore, competition should be fair and respectful in the industry. There should

not be involvement of any kind of biasness or unlawful activity practiced by the firm in order to

gain competitive advantage. The society within which the company is operating its business

should be supported by the firm and along with that, the cited firm should contribute to uplift the

living standard of people existing in the society (Gamble and Thompson Jr, 2014).

Impact of structure and objectives on sustainability aspects of business

Number of changes is required to be made by CBI in order to make its operations and

procedures even more sustainable. Basically, these changes can be initiated with change in

leadership approach of the industry. The main reason behind that is, more “pro-sustainability”

vision and culture can be developed with effective leadership management. However, alterations

Toll Free No. 44 203 3555 345

Mail Us: [email protected]

Need Finance assignment Help? Global Assignment help provides best assignment help for

all subjects.


Sustainable business strategy sample by global assignment help

in industry policies should be done in accordance with the supply chain and valuable additions.

Guidelines should be developed for members for sustainable development.

However, in most of the case, a distinct tam is developed by the CBI in order to measure

and analyze social as well as environmental impact of the industry. Moreover, technological

changes are required to be implemented and made more eco-efficient technology needs to be

chosen by industry. In the short term, sustainable processes require essentially more expenditure.

As a result, profitability decreases and stakeholders are disappointed as well. In long term aspect,

sustainable business operations can be bring significant advantages such as enhanced operational

efficiency, reduction in cost, positive publicity and conservation of the environment. Improved

stakeholder’s relationships, development of better and advanced products, competitive advantage

and reduced risk of lawsuits or obsolete technology.

Conclusion

In accordance with the present study, conclusion can be drawn that sustainability

development is very crucial for economic growth. CBI can developed effective policies by

considering norms of the members. This aspect should be supported by value addition of

businesses along with the environmental welfare.

SAMPLE ON Sustainable Business Strategy

FOR ASSIGNMENT HELP

KINDLY CONTACT AT:

[email protected]

Toll Free No. 44 203 3555 345

Mail Us: [email protected]

Need Finance assignment Help? Global Assignment help provides best assignment help for

all subjects.


Sustainable business strategy sample by global assignment help

References

Books and Journals

Bocken, N. M. P., 2014. A literature and practice review to develop sustainable business model

archetypes. Journal of Cleaner Production. 65. pp. 42-56.

Boons, F., 2013. Business models for sustainable innovation: state-of-the-art and steps towards a

research agenda. Journal of Cleaner Production.45. pp. 9-19.

Christersson, M. and Rothe, P., 2012. Impacts of organizational relocation: a conceptual

framework. Journal of Corporate Real Estate. 14(4). pp.226 – 243.

Fowler, S. J., 2007. A critical review of sustainable business indices and their impact. Journal of

Business Ethics.76(3). pp. 243-252.

Gamble, J. E. and Thompson Jr, A. A., 2014. Essentials of strategic management. Irwin

Mcgraw-Hill.

Ghosal, V., 2015. Business strategy and firm reorganization: role of changing environmental

standards, sustainable business initiatives and global market conditions. Business

Strategy and the Environment. 24(2). pp. 123-144.

Toll Free No. 44 203 3555 345

Mail Us: [email protected]

Need Finance assignment Help? Global Assignment help provides best assignment help for

all subjects.


  • Login