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Arguments for and against the concept of corporate social responsibility
Arguments for and against the concept of corporate social responsibility
Kaufmann, M
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Sustainability and corporate governance
1. Introduction(214)
Sustainability is a development pattern - to meet the human needs of nowadays society. In parallel, to satisfy the needs of our generation. It is premised on the basis of environmental protection. The principles of sustainability combine economic, environment with the social system, they are three closely interrelated elements.
As the CIMA report says: ‘Natural capital underpins all other forms of capital, including financial – ultimately we rely on it for everything.’ Currently, the increasing population means the incremental demand of natural resources. More than 50% of natural capital is depleted while the earth cannot replenish this consumption. Businesses will therefore face a choice: adapt or fail. According to Sheehan Brendan (2009), there are three catalogues to achieve operational and
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How can sustainability issues be incorporated into an organisation in such a way as to create competitive advantage?(800)
What is competitive advantage?(100)
What sustainability issues should be incorpor ated into an organisation? (150)
How do these sustainability issues create competitive advantage? (550)
Competitive advantage is an advantage that an organisation has, which allowing this organisation to generate greater sales or margins or have more customers than its competitors. There can be many types of competitive advantages including the firm 's cost structure, product offerings, customer support, etc.
5. In what way do you think that sustainability initiatives directly impact upon the profitability of an organisation? What costs might be associated with an organisation choosing to ignore the sustainability “Elephant in the Room”.(800)
What is the sustainability initiatives?(100)
How do the sustainability initiatives impact upon the profitability of an organisation?(450)
What costs might be associated with an organisation choosing to ignore the sustainability “Elephant in the
With forward movement in society, it is important to consider not just what will propel most toward success, but also what will help to sustain the environment along the way. What may have been considered appropriate decades ago, may no longer be socially acceptable due to the changes observed in both the business world and the environment (Fiske, 2010). Therefore, it is important for organizations thriving in today?s economy to consider how they may capitalize most effectively from their product or service of choice while minimizing or eliminating any damages along the way (Knoke, 2012).
Wheelen, T. L., & Hunger, J. D. (2010). In Concepts in Strategic Management and Business Policy Achieving Sustainability, Twelfth Edition. Pearson Education.
This paper critically analyzes Nike company sustainability strategy. Every investor or a group of investors wishes to see the business profitable at the current time as well as having good prospects for future (Werbach, 2009). For this reason, business sustainability strategy is very important. A strategy is a plan that guides the company or a business firm towards a certain direction or set goals. Thus, sustainability strategy is an action plan that a company set in order to maintain the plan toward the achievement of company’s goals in future. Sustainability strategy puts into consideration aspects such as the source of raw materials, competition, human resource development, and sustainability, and the general business environment. Thus, in evaluating a business’ sustainability, it is important to consider the business planning in this direction (Heslin and Ochoa 2008)
Sustainability requires the interplay of other disciplines from the fields of science, economy, and social studies. The disciplines must function all together at a go, not in isolation. Once that is archived, sustainable development is also due to be archived. Philosophy is needed to be in practice in order to have an efficient way to approach sustainability. Mostly environmental sustainability is the one that is seen to be important, which includes the following aspects; water, energy, oil and other resources which are finite. The balance between the social, economic and environmental sectors yields sustainable development (Giddings et al., 2002). Sustainable development is classically defined as meeting the needs of the present generation without, in any way compromising the needs of future generations (IISD., 2003). Pragmatism requires us to predict, take actions and to be innovative in problem solving which is done through scientific research, this philosophy teaches us to be practical (Christopher., 2013).
...M. E. (2008). Competitive advantage: Creating and sustaining superior performance. New York: Simon and Schuster.
Competitive advantage is the advantage for the competitors and gained by the offerings from the consumers that have the greater value either by the low prices of the products and by providing the benefits and services to the consumers that denotes the high price. It is a set of the innovative and different features of the company and the products and services sale to the consumers so that company can achieve the targets what they have decided and it is the betterment for the enterprise in the competitive market (Porter, 2011). There are three determinants which can be used in the competitive advantage that what the company produce for their consumers, their target market that what they have to achieved and the competition from the other entity
Competitive strategy is the approach that an organisation takes in order to gain advantage over its competitors. According to Porter, there are two major sources of competitive advantages: costs and differentiation. Cost-based competitive advantage involves reducing production costs so that an organisation can earn higher profit margin or offer products at lower price compared to competitors. Differentiation-based competitive advantage involves offering unique properties that are not offered by competitors’ products. Differentiation allows an organisation to charge a premium for their products because they offer additional benefits to buyers.
Stuart Hart, in a business article, discusses the tough task for companies to make a sustainable global ec...
We can define competitive advantage as simply what a given company excels best at. This could be the distinguishing factor as to why consumers purchase from your company and not the competition. This could also be understood from the perspective of quality that a business can create for the consumer.
While a number of organizations have not adopted a sustainable operations management strategy, large retail firms like Morrison, Wal-Mart, Marks and Spencer, and Sainsbury’s have adopted this concept into their management strategies in order to reflect customer concerns and thus sustain the competitive advantage. Many larger firms are willing to promote sustainable operations in their markets because this strategy arguably attracts and retains customers.
Sustainability is a concept with a diverse array of meanings and definitions – a widely used glamorous, ambiguous, ambivalent and vague concept that is used by different stakeholder groups in various ways. Presumably to avoid noodling over a terminology or to avoid the confrontation with a definition, most widely the concept is broken down a planning process (c.f. e.g. Döring & Muraca, 2010). That is why most common sustainability is understood as sustainable development.1
Important companies like Shell, DuPont, BP have been reorganised to generate profits from this green market of goods and services. In this sense, it may sound altruistic, "the sustainability", the logic of profitability and competition is what will determine the ability of companies of the future to meet the changing needs of consumers. This premise of "sustainability" as a necessary quality to be competitive, falls short, according to Bryan Walsh of Time magazine. In a 2007 article, the expert shows how "sustainable" is helping to drive out competition, given the approach taken by companies to become more efficient, flexible and cutting waste, which helps them provide better products and reduce costs. Companies that refuse to accept that they will face a strict and demanding environment.
Sustainability simply defined to me as balancing act between the development of sustainability is necessary for both planet Earth and humans to survive. This is reinforced in the World Commission on Environment and Development report (1987) that sustainable development must meet the needs of the present without compromising the well-being of future generations”. The Earth Charter Organization widened the idea of sustainability to respect for a culture of peace, universal human rights, nature, and economic justice (What is sustainability?, n.d.).
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.
The organizing principle for sustainability includes the four interconnected domains: ecology, economics, politics and culture. Sustainability of the world requires our people to remain within our means proving lesser needs and demands. The important factors are the natural environment quality, population size, resource stock and the chain of food supply must remain constant on a global scale. This state of balance must last long enough so that it will not be merely a blip on the curve of unsustainable growth (Zen,