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Advantages and disadvantages of sustainability in business
Sustainability in the Business Context
Sustainability in a business context
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Academic week, a compulsory activity for business administration students, talks are given by well-known and successful persons in our society. In order to lets us have different experience to the academic week and widen our vision in the business world, topics of academic week will be changed every year. For this year, ‘Enterprises Development A challenge for Sustainability’ give us an opportunity to understand the importance of sustainability to a firm. Attending three talks in this academic week, besides learning new knowledge and knowing creative ideas form the speakers, I realize that the talks are related to our course and may help us to discover more in our studies other than the materials given by the lecture. Especially the talks in Tuesday, given by Mr. Ip Ka Po and Mr. Bernard Charnwut Chan respectively, inspired me to have a further study the relationship between the sustainability of a company and the human resources management. …show more content…
Ip Ka Po was about the crisis management of his company, and he did mention that the situation of ATV and the solutions of solving the problems of late salary payment to the employees. He said that the board of directors in ATV lend money to the employees in order to minimize the impact of Salary arrears. When he mention this part in his talk, it was hard for me to understand the reason behind this decision, as the directors have no legal responsibility to pay employees by their own saving. After further thinking about this action, I realize that employees is one of the crucial element in a company. Also in the perspective of human resources management, lending money to employees in a good action for increasing employee
Wheelen, T. L., & Hunger, J. D. (2010). In Concepts in Strategic Management and Business Policy Achieving Sustainability, Twelfth Edition. Pearson Education.
My preferred major is mechanical engineering. Mechanical engineering is the broadest engineering field, involving the design of mechanical systems. These systems are used in a multitude of different fields such as manufacturing, aeronautics, nanotechnology, nuclear power production, heating and cooling. A primary focus is on thermodynamics, structural analysis, materials science, and kinematics.
In COL 101 I have learned many new things about college. Since this is my first semester at college I did not really know where everything was. This class really helped me to learn new things about myself, including what resources are available to me, what my plan for the future is, and the many changes I have endured during this course.
“We cannot change the cards we are dealt, just how we play the hand” (24). Life has ups and downs and it is bound to happen to everyone. Whether it is a death in a family to getting fired. But there is one thing you can do to make your life interesting.
This paper is about leading people through a management system called Human Resource (HR), that does more than payroll, design training, and avoiding lawsuits. It provides essential components that will ensure that human talent is used effectively and efficiently to accomplish organizational goals. It is a case study of the Rio Tinto company 's Human Resources global approach after a significant downsizing in 2008.
Stuart Hart, in a business article, discusses the tough task for companies to make a sustainable global ec...
Sustainability could be defined in many ways. It could be defined as the process to sustain a process or develop new technologies to reduce environment pollution. It also means a measurement how badly the environment is being polluted by other factors. I have to admit that sustainability is a great idea related to many fields such as healthy, economy, food, social, and etc. However, I still remember the first day of “Sustainable Business” class, Professor Laverty showed to my class an example of sustainable product with the idea of “produce more with less waste”. This example narrows me down to one idea of “Sustainable Business”, which is producing the product and services in an efficient and sustainable way without causing harms to environment. In this essay, I want to emphasize into impacts of businesses on environments, profitability of sustainable business, and responsibility of business.
After reflecting on the weekly appointment sheet and comparing it to my last couple of weeks, I found that most things stayed constant, but their are some differences. My work schedule and class times are the same, but my actual plans for study time are not. I planned to study every day after the school day, but I did not stick to it fully. Additionally, the time I set aside for the weekends for reflection on course materials became more sporadic. Especially with the recent holiday, I did not study as much time as I should have. Nonetheless, that does not mean I can not improve. I tend to get not so much overwhelmed, but I unknowingly distract myself with other activities.
In the beginning of my first semester at Claflin University, I did not understand the reasoning behind the University 101 and 102 courses. However, as the time progressed, I learned to understand the significance of the courses. The University courses were created to guide students through their first year in college, but there are some positive and negative aspects of it.
1.- INTRODUCTION: Without doubt, the 20th century has changed our priorities, especially when it comes to the way we do business. Popular sustainable business models, as advertised in the media, have evolved into much more than a moral obligation or an external requirement to generate money. Essentially, they are forcing companies to reinvent the systems and approaches with which they generate value and profitability for the company.
Introduction Since the Industrial Revolution of the late 1700’s and early 1800‘s, organizations have become increasingly prosperous. With this rapid growth, however, has come irresponsibility in the management of business resources. This irresponsibility increases the costs to the company and is also taxing on the environment, increasing ozone depletion, deforestation, and global warming (Shrivastava, 1995, p. 936). Sustainability in the business sector goes beyond environmental initiatives and includes the company’s financial and managerial performance, and employee quality of life. The movement for sustainable human resource management provides a balance between economic development, environmental stewardship, and societal equity—often referred to as the Triple Bottom Line (Sidkar, 2003, p. 1928).
The importance of Human Resource management is associated with the beginning of mankind. As the knowledge of survival had begun including safety, health, hunting and gathering, tribal leaders passed on the knowledge to their youth. However more advanced HRM functions were developed as early as 1000 B.C and 2000 B.C. Since the modern management theory took over, the working environment was transformed into a more friendly and safe work place. The workers were termed as most valuable resources. While some companies took the human side of employment seriously, there were others who did not find it mandatory. Hence they faced huge labor unions and factory shut downs (Henning, 2001).
The sustainability of the ecosystems on which the global economy depends must be guaranteed. And the economic partners must be satisfied that the basis of exchange is equitable” (World). This quote demonstrates the complexities of sustainability. Another thing corporations should focus on when trying to be sustainable is their environmental impact.
My passion for business ignited in my youth whilst watching my father run his garment manufacturing company, wondering someday I will be filling his shoes and get an opportunity to manage the business on my own. My desire to study business management augmented over the years and led me to take business studies at IGCSE. The realm of my core discipline acquainted me to the world of business. Besides various significant notions, it encompassed why business is not just buying and selling? and why to view a situation from every stakeholder's perspective that reflects the objectives of the business? It was compelling and to get a ...
Organisations are continuously seeking processes and ways in which they can incorporate environmental sustainability to their business strategy and operations.