Wednesday, January 1, 2020

Integrating Sustainable Business Practices to an Organization

In today’s world of business the role of leadership team has been to integrate sustainable business practices into the organisations and ethics are key agenda items (Smart et al., 2010).Businesses can be tempted to make short-term gains by turning a blind eye to ethics that will lead to the loss of reputation (Barman et al.,2010). Thierry Pilenko said that â€Å"It is in the power of the leaders, stakeholders and employees to make sure that the ethics are the core values in order to maintain good reputation†. The ethics and the social responsibility are cooperative and a company that acknowledges the importance of sustaining the environment and the people involved makes good profit (Drotskie,2014,chap.5,p.92).The businesses that turned blind eye to ethics have faced the consequences of losing their reputation and remuneration, for example American gas Organisation took unethical decisions that left them being bankrupt (Drotskie,2014,chap.5,p.92).Makgoba stated that Sout h Africa has ethical dilemmas that results to the level of distrust for the government. DESCRIPTION OF ETHICS, VALUES AND SUSTAINABLE BUSINESS In business world it has become too easy to let small infractions slide by until they become big problems (Templeton,2010).Ethics have become the core values that guide the managers, stakeholders and employees how to behave in an ethical way and the values promote exemplary behaviour in all circumstances (Pilenko,p.4,2011).Reputation is a priceless asset that mostShow MoreRelatedSupply Chain Standards For Supply Chains1564 Words   |  7 Pagesmove a product or provide a service from a warehouse to store shelves or make information available to a customer, supply chain management needs solid facts on the day to day activity of the business from all partners in the supply chain. To save cost and deliver more goods to more destinations faster, a business and their suppliers must have a standardized supply chain to improve supply chain management. The challenge is to place the focus on inventory management rather than information managementRead MoreThe Process And Methods Of Writing Policy1072 Words   |  5 Pagesmarketing and quality controls are such buy ins which are essential to consider before wiring policy. This is also essential to analyze the previous history of sustainable efforts and environmental friendly initiatives of the firm. Drawings can help to analyze previous history of firm. The good start up point is when different other organizations policies are considered as sample writing. There are different formats and styles of writing a policy. Possible development approaches and implementation †¢Read MoreCreating a Sustainable Supply Chain973 Words   |  4 Pages1.0 Introduction There are numerous definitions of the terms ‘Sustainable’ and ‘Supply Chain’. For the simplistic but practical definition is â€Å"Management of raw materials and services from suppliers to manufacturer/ service provider to customer and back with improvement of the social and environmental impacts explicitly considered†. The supply chain considers the interactions between a business and its customers and suppliers. The greatest benefits are derived by extending the focus as far as possibleRead MoreRisks Associated With Risk Management1098 Words   |  5 Pageschanges in our financial environment include new computing as well as telecommunication technologies and along with reduction in legal and regulatory barriers to entry. The global financial crisis also discovered flaws in the risk management tools and practices industry wide. Over the past years there has been significant change to the landscape of risk management. Risk management was restricted to pure loss exposure and it was considered as a means of crisis management, it has now gained significanceRead MoreThe Changing Landscape Of Risk Management1114 Words   |  5 Pageschanges in our financial environment include new computing as well as telecommunication technologies and along with reduction in legal and regulatory barriers to entry. The global financial crisis also discovered flaws in the risk management tools and practices industry wide. Over the past years there has been significant change to the landscape of risk management. Risk management was restricted to pure loss exposure and it was considered as a means of crisis management, it has now gained significanceRead MoreTransformation Is Run By Ceo Carole Anne Hilton1551 Words   |  7 PagesTransformation is an organization that focuses on community development and the social and economic capacity among First Nations communities. Their entire development and business goal is to establish governing structures, managing systems, and business development for First Nations people in order to establish a bright and structured future. Transformation is run by CEO Carole Anne Hilton who is driven by her ancestry and her passion to help struggling people. Hilton built the company off of theRead MoreRisk Management : The Changing Landscape1112 Words   |  5 Pagesago when the industry had started to recover from the global crisis, risk management appeared to it more like crisis management. But now it has assumed the role of a forward looking approach towards managing a large spectrum of business risks which can enable sustainable long term growth. It is why risk management has assumed a higher priority as well as greater importance than it had some years ago. (Butcher, 2011) This change is mainly driven by the volatility and complexity of the marketplaceRead MoreAccenture Believes a Clients Win Is Accentures Win Essay1030 Words   |  5 Pagesrelationship with its clients and forgo short-term opportunities which are not aligned with this value. Accenture aligns its own goals with that of clients and hence for Accenture ‘Clients Win is their win’. Important steps in the process: Focus on sustainable, long-term relationships: †¢ Building honest relationship: In order to maintain long-term relationship it is important for Accenture to emphasize on honesty. This helps Accenture build long-term relationship which is essential for providing high-performanceRead MoreCreating New Services in the Ecotourism Industry1453 Words   |  6 PagesNew Service Business Idea Creating New Services in the Eco Tourism Industry Executive Summary There are many possibilities for a new service oriented business. However, one trend that has been identified is an increased interest in sustainability and people who are becoming more aware of environmental and social issues. Consumers are increasingly considering factors involving sustainability into their purchasing decisions. Therefore, it seems reasonable to expect that the niche referred to asRead MoreEssay on Performance Measurement Systems in Business571 Words   |  3 PagesBusiness firms may seem to be similar, relying on guide of organizational models. However, in practice, all business is unique, functioning as a distinct arrangement of organizational models, designs and practices. Adoptation of any plan is all to support ‘’inimitable’’ business strategy. Performance measurement is critical in assessing organization overall performance and results are used for strategic planning to develop range of strategies (Tapinos Dyson, 2005) for achie vement of sustainable

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.