Free Essay

Sust

In: Business and Management

Submitted By tommyarland91
Words 440
Pages 2
Describe how businesses have adapted their corporate strategies (not tactics) to incorporate sustainability.
With the rising importance of sustainability initiatives, it has become increasingly important for companies to incorporate sustainability practices into their corporate strategies. Corporate strategies have undergone significant changes with the inclusion of sustainability. Public perception of corporate brand has had a significant impact on business. Companies can no longer consider only profit. Other factors must now be included in strategy such as the environment and society. Companies must adapt their strategy and incorporate sustainability into their culture. Companies are also forced to consider ethics, community citizenship and human rights. Consumers are not the only perceptions that matter, however. Studies are showing that employees want to work for a company that is environmentally friendly and that they feel they can make an impact. Businesses are now finding themselves embedding sustainability into their corporate culture. A large reason for this is short tenure for CEOs. By embedding this initiative into the culture, the sustainability strategies don’t lose momentum when there is a position change at the top of the company.
Companies also have to adapt with the inclusion of sustainability due to the scarcity of resources. Resource scarcity is becoming a major issue that is forcing companies to include sustainability in their corporate strategies. Many companies are adapting by making changes to their supply chain. Efficiency and collaboration have become essential to respond to the risk of resource scarcity. Efficiently using resources is seen as the most plausible course of action in response to scarcity. Companies are also moving to make strategic alliances and partnerships with suppliers in order to become more efficient.
Innovation has also become a major adaptation when it comes to sustainability. Companies are reconsidering how their current products are manufactured and are attempting to make the processes more sustainable. Recycling of materials has been a significant result of this. Companies are learning to reuse materials and resources and are sometimes able to sell recycled materials. Companies are also looking into how their products impact the environment. For example, Proctor and Gamble has developed detergent that works well with cold water, therefore reducing energy needed in each laundry cycle. Sustainable innovative product development is helping corporations boost their image and develop advantages over their competitors.

Sources: http://iveybusinessjournal.com/topics/social-responsibility/ten-ways-to-help-companies-become-sustainable-in-2013#.VL7MIUfF_kU http://www.mckinsey.com/insights/sustainability/how_companies_manage_sustainability_mckinsey_global_survey_results http://www.tefen.com/fileadmin/editorial/Tefen_Tribune/Winter_2011/Incorporating_Sustainability_into_Strategy.pdf http://www.sustainablebrands.com/news_and_views/articles/how-sustainability-strategy-impacts-your-corporate-brand-and-ranking http://www.pwc.com/gx/en/sustainability/research-insights/metal-minerals-scarcity.jhtml ainability

Similar Documents

Premium Essay

Sust Buil Prac in Cinc

...ARC 188 A 7 December 2012 Sustainable Building Practices in Cincinnati Sustainable building favors the notion that cities are the solution to minimizing heating costs and carbon footprints. The shift towards sustainable urban development is due to the idea that the high density of the population allows for the most effective way to tackle unsustainability. Multi-unit apartment buildings were already more sustainable than single-family homes so this approach only improves upon the already efficient and ignores the least efficient communities, the suburbs. As urban development improves cities, the surrounding suburbs are left as remnants of a period where the American Dream was to have a yard, a car, and four walls to heat. For the existing single-family homes, it may be too costly of an undertaking to upgrade the current facilities because the homes were not designed to be sustainable and their location alone is far from efficient. Yet, there will always be people who prefer to live in the suburbs so instead of focusing on fixing the inefficient homes, create a community of new homes that sets the standard for future developments. First, a location must be chosen. A problem with suburbs is that they are already well developed and the easiest way to find space is to move farther away from Downtown Cincinnati, but that only creates more inefficiencies with transportation and commuting costs. A result of all the development that predates the planned community...

Words: 956 - Pages: 4

Free Essay

Curriculam Vitae

...position where taking challenges are the order of the day. I want to implement new thoughts and ideas and also wish to be a team leader and win the laurel for my Organization. Academic Qualification | Degree | University/ Institution | Passing year | Result | Major Subject | EMBA | Dhaka University | _ | Enrolled | International Business | B. Sc (Hons.) in Forestry | Shahjalal University of Science & Technology (SUST), Sylhet | 2009 | 3.47 out of 4.00 | Forestry | HSC | Govt. Azizul Haque College, Bogra | 2003 | 3.70 out of 5.00 | Science | SSC | Palli Unnayan Academy Laboratory High School, Bogra | 2000 | First DivisionMark obtained-81% | Science | Scholarship | The merit scholarship was offered for being one of the top four students within the faculty of Agriculture and mineral Science based on first year and was also offered based on second year examination result studying B.Sc (Hon’s) during University of SUST session 2003-04. Skill and Competencies | * Capable of working in a team of cross-cultured environment and under pressure. | * Strong communication skill and leadership ability. | * Able to adapt very first with new places and people. | * Self motivated and flexible mentality. | * Ability to influence people in gaining commitment. | Project Work and Experience | * Project-1: Climate...

Words: 767 - Pages: 4

Premium Essay

My Interest In Mathematics

...always excelled in physical sciences specifically in Mathematics and have received many awards in Mathematics in high school. I loved mathematics because of it’s logical reasoning to solve problems and it was always very exciting for me to solve complicated problems. I used to participate in various mathematical quiz competitions and earned many prizes on these competitions. From then, day by day mathematics became my chief enthusiasm. Doing a BSc in Mathematics was a wonderful experience for me. I entered the department of Mathematics of Shahjalal University of Science and Technology (SUST) in the session 2008-2009, as a self-motivated and optimistic student, looking forward to study Mathematics. It is a premiere public university in Bangladesh and I had to go through a strict admission test in order to get admitted. I was among the handful students to get selected to study Mathematics at SUST. It was here, my interest to computer science started to grow besides mathematics. During my undergraduate studies I had the opportunity to study mathematics in details. I started to enjoy courses in computer science because of its close relation to mathematics. I have also enjoyed physics and statistics. During my study of courses in mathematics I had strong interest in the applied courses of mathematics. I studied abstract parts of mathematics such as abstract algebra, topology, group theory, mathematical analysis but found greater interest in the applied courses such as Differential...

Words: 842 - Pages: 4

Free Essay

Sustainable Consumption

...Sustainable Development Sust. Dev. 18, 20–31 (2010) Published online 10 March 2009 in Wiley InterScience (www.interscience.wiley.com) DOI: 10.1002/sd.394 Sustainable Consumption: Green Consumer Behaviour when Purchasing Products William Young1*, Kumju Hwang2, Seonaidh McDonald3 and Caroline J. Oates4 1 Sustainability Research Institute, School of Earth and Environment, University of Leeds, UK 2 Department of Business Administration, College of Business Administration, Chonnam National University, South Korea 3 Aberdeen Business School, Robert Gordon University, UK 4 Management School, University of Sheffield, UK ABSTRACT The ‘attitude–behaviour gap’ or ‘values–action gap’ is where 30% of consumers report that they are very concerned about environmental issues but they are struggling to translate this into purchases. For example, the market share for ethical foods remains at 5 per cent of sales. This paper investigates the purchasing process for green consumers in relation to consumer technology products in the UK. Data were collected from 81 self-declared green consumers through in depth interviews on recent purchases of technology products. A green consumer purchasing model and success criteria for closing the gap between green consumers’ values and their behaviour are developed. The paper concludes that incentives and single issue labels (like the current energy rating label) would help consumers concentrate their limited efforts. More fundamentally, ‘being green’...

Words: 7596 - Pages: 31

Premium Essay

Drug Addiction

...Executive Summary: This study examined the types of drugs students in Shahjalal University of Science and Technology, Sylhet abuse. The participants were 10 university students drawn from different departments of Shahjalal University of Science and Technology, Sylhet for case study. Case study method with purposive sampling and qualitative approach has been used to conduct the study.The intent of this study was to investigate the reasons that influence to drug abuse among the university students in Shahjalal University of Science and Technology, Sylhet. The analyses yielded the following results: students in the university abuse drugs such as tobacco, marijuana, alcohol, syrup, slipping tablet, Yabba, heroin so on.Students use drugs mostly everyday most of the narcotics.Students use drugs to feel good, to keep awakeand to sleep. This study found that most of the addicted students do not suffer for taking drugs. Taking drugs do not bring negative impact on their study; students have no psychological or physiological illness becauseof drugs. Based on these findings, the study recommends police and customs control, family support, friends’ supports, prohibition of drug use, compulsory treatment of drug addicts as primary solution to reduce the rate of drug addiction.The study also recommends among others the need to organize awareness programmes in our campus to educate students that drugs can alter brain circuitry, which will affect their learning; and the university authorities...

Words: 6803 - Pages: 28

Free Essay

Read Strategy

...American College Dublin Email: academicoffice@amcd.ie 01 676 8939 PROVISIONAL Semester 1, 2012/2013 & December Repeats 2012 Examinations Timetable 10th December to 18th December 2012 MON. 10th Dec 9.00 –11.00/12.00 No. 3, rm 4: IB300 Management Accounting AF300 Management Acc 1 No. 3, rm. 3 LIB203 Digital Revolution IB202 Accounting 1 IB301 Corporate Finance AF301 Corporate Finance AF308 Int Bus Ethics LIB200 Acad Comm AF303 Acc 3 1.00– 3.00/ 4 pm No. 3, rm 4: IB408b Cont Global Challenges** IB403 Ops. Mgmt.. AF304 Business Law 2 AF403 Taxation 2** MIB508 Corp Pol** MBA505 Corp. Pol** 2.00-3.00/ 4pm No. 3, rm 4: IB308 Sust Business 1.00 –3.00/ 4 pm No. 3, rm. 4 LIB201 War & Peace IB303 Int Marketing 1.00 – 3.00/ 4 pm No. 3, rm 4: IB201 Microecomics LIB204 Imagination 1.00 – 3.00/ 4 pm No. 3, rm 4: LIB202 Western Arts IB200 Intro to Management 1.00 – 3.00/ 4 pm 1.00 – 3.00/ 4 pm 2.00 – 3.00/ 4 pm No. 3, rm 4 AF302 HRM IB302 Networks & Databases IB304 Int Law AF406 Int Fin** IB401 Int Fin** TUES. 11th Dec 9.00 – 11.00/12.00 No. 3, rm 4: AF408 Advan Fin Reporting** IB402 IHRM** WED. 12th Dec 9.00 – 11.00/12.00 No. 3, rm 4: MIB501 Int Regulatory** AF400 Fin Reporting** AF405 Theory & Pol** IB409 Theory & Pol** No. 3, rm 3: THURS. 13th Dec 9.00 – 11.00/12.00 No. 3, rm 4: MIB502 Polit Econ** MBA507 Polit Econ** FRI. 14th Dec. 9.00 – 11.00/12.00 No. 3, rm 4 IB405 Int Bus Ethics** MIB500 Cross-Cultural MBA500 Mgm.t** No. 3, rm 3: IB203 Principles of Mark MON. 17th Dec. 9.00 – 11.00/12...

Words: 431 - Pages: 2

Premium Essay

Dell Case: Competitive Advantage at Dell Inc

...Md. Mizanur Rahman BBA (SUST) Mobile: +8801716-918676 Mail: mizanur.rahman@jaago.com.bd ................................................................................................................................................................................................................................................................................................... Dell Case: Question 1 :: What are the advantages to Dell of having manufacturing sites located where they are? What are the potential disadvantages? Answer: Dell’s manufacturing sites are in Brazil, China, Malaysia, Ireland, and the U.S. Advantages of these locations are that some of them are low cost (Brazil, China, Malaysia and, relatively, Ireland), they have educated work forces that are highly productive, and they are near large regional markets. Dell Case: Question 2 :: Why does Dell purchase most of the components that go into its PC from independent suppliers, as opposed to making more itself? (Does does little more than final assembly of components into PC) Answer: Dell outsources because it enables Dell’s business model to be successful. Dell’s comparative advantage is in pricing, customization and rapid order fulfillment, all advantages gained through supply chain management and logistics. By outsourcing, Dell does not carry risks connected to inventory such as obsolescence, Dell can maintain flexibility in its manufacturing, and Dell has lower coordination costs...

Words: 613 - Pages: 3

Premium Essay

An Investigation on How the Mode of Transport Affect Study, Leisure, Social Activities, and Academic Performance of Undergraduate Students

...An investigation on how the mode of transport affect study, leisure, social activities, and academic performance of undergraduate students Abstract This study seeks to investigate how mode of transport influences the activities of undergraduate students, and whether it impacts their academic performance. The activity patterns of 50 KPTM students are analysed. The respondent profile indicates that slightly more than half are females; between 21-24 years old; and currently pursuing their bachleor degree. In terms of lifestyle, large majority are average and above average financially; with 2 to 4 siblings; using private transport; and exercise irregularly. In terms of study-related activities, their academic performances are self-reported as average and above average; fair and good class attendance; only sometimes or never late for class; and considered to be more focused and attentive by their preferences to seat between the front-middle and the middle-back rows. In terms of time spent (hours per week) on the core activities, on average the students reported to study 20.6 h/week; to have leisure time for 24.6 h/week; social activities for 40.4 h/week; and working 3.4 h/week. The major findings of this study reveal that mode of transport does play an important role in student’s study, leisure, and social activities. The findings indicate that those students with private transport tend to spend slightly less time on self-study (20.4-20.8 h/week) and miss slightly more classes...

Words: 5309 - Pages: 22

Premium Essay

Change Management Paper

...Running head: CHANGE MANAGEMENT PLAN PAPER Change Management Plan Paper Greg Russell University of Phoenix Introduction The focus of this paper is on the managing across simulation and the company Good Sport and the culture, structure of Good Sport will be identified and how the culture and structure translates into power and politics. Major Implications and Behaviors to Change In the Building and Sustaining Change Simulation CrysTel senior leadership were trying to increase their product sales and increase their market share and introduce new products. During the simulation the company use surveys an employee satisfaction survey, benchmarking survey and a climate survey. The individual user had to pick, two of the three surveys, these surveys were used to get a feel of how the employers in different departments felt about change and when the surveys were completed it gave management and ideal of where they needed improvement within the organization (Apollo Inc., 2004). Due to external forces CrysTel organization had to implement major changes by trying to increase their products and services due to the competition. There was much concern from senior leadership that the organization were not ready for change so CrysTel decided to analyze every department by use of the surveys and found that their were two departments; the Marketing and Sales department were the weakest and were found to be least susceptible to change. The...

Words: 811 - Pages: 4

Premium Essay

Mcdonald's Case Review

...McDonald’s Corporation Analysis & Prognosis July 18, 2012 Table of Contents Overview 2 Analysis 2 The History of McDonald’s 2 Mission and Values 3 Company Structure and Organization 3 Sales, Profit, & Cash 4 Key Metrics 5 Position in the Industry 5 Stock Market Performance 6 Strengths and Weaknesses 7 Opportunities and Threats 8 Corporate-Level and Business-Level Strategies 10 Significant Product Failures 10 Prognosis 10 Sales 10 Profits 11 Key Metrics 11 Position in the Industry 11 Conclusion 11 Works Cited 12 Appendix 13 Appendix A 13 Appendix B 13 Appendix C 14 Appendix D 14 Appendix E 15 Overview McDonald’s Corporation is the world’s largest fast food restaurant chain. I have done hours of extensive research on McDonald’s and the limited-service restaurant industry and have been eating McDonald’s for over 20 years. I will discuss McDonald’s past performance versus the industry and provide a prognosis for the future. There is a rich history behind McDonald’s, starting in 1948 with the McDonald brothers. Ray Kroc started franchising McDonald’s in 1955 and from there built a corporation. Most missions and values still used today are those Kroc implemented. McDonald’s is structured as a multifunctional form. It is mainly organized by geographical area. There are four main geographical areas and those are then it is broken up even further. McDonald’s has had steady revenues over the last ten years and...

Words: 3401 - Pages: 14

Premium Essay

Vietnam Div

...Member Profile DEPOSIT INSURANCE VIETNAM I. INTRODUCTION ABOUT THE DEPOSIT INSURANCE OF VIETNAM (DIV) D e posit I nsu r a n ce of Vie t n a m ( DIV), a St at e- owned Financial I nst it ut ion of Viet nam was est ablished on Novem ber 9t h 1999. DIV s funct ion is t o safeguard t he deposit ors legit im at e right s and int erest s, t o cont ribut e t o t he st abilit y of insured deposit I nst it ut ions and ensure t he safe and sound developm ent of t he banking indust ry. DIV is a non - profit organizat ion, operat ing under Governm ent s Degree, and is not governed by t he Law on Financial I nst it ut ions and t he Law on Insurance. DI V is one of t he regulat ors of t he banking and financial syst em . DI V is operat ing under Ordinance 89/CP and Amendment No. 109/CP. Head office of DIV located at 18 20F., Tower B, Vincom Cit y Tower, 191 Ba Trieu, Hanoi. CURRENT LEGAL FRAMEWORK Decree No. 89/ 1999/ N - CP of the Government Decision No. 218/ 1999/ Q TTg of the Prime Minister Decree No. 109/ 2005/ N - CP of the Government 01/09/1999 On deposit insurance 09/11/1999 On the establishment of DIV On the amendment, supplement of a number of provisions of t he Governm ent s Decree No.89 24/08/2005 II. MAJOR FUNCTIONS OF DIV 1. Issue Certificate of Deposit Insurance for financial institutions; 2. Collect deposit insurance prem ium s from insured I nst it ut ions ( fixed premium of 0.15% per annum); 3. Reimburse deposit ors wit h st ipulat ed m...

Words: 1365 - Pages: 6

Free Essay

Assignment

...STOCKHOLM SCHOOL OF ECONOMICS Master thesis within Finance Evaluating the Performance of Socially Responsible Investment Funds: A Holding Data Analysis H. Camilla Stenström* Jessica J. Thorell** Abstract: This paper investigates the performance of regular mutual funds compared to Socially Responsible Investment (SRI) mutual funds, over the time period of January 2001 to September 2007. The paper extends the research on the performance of SRI funds by using holding data of regular funds to create replicating portfolios. In the replicating portfolios, unethical investments are excluded according to a norm-based screening list, hence creating artificial SRI funds. The replicating portfolio returns are then used as a benchmark to compare against the SRI funds’ and regular funds’ returns. Results from the study indicate that an exclusion of companies according to norm-based screening can improve a fund’s performance. However, when looking specifically at the fund management of SRI funds, the results point towards inferior performance compared to regular funds. Key Words: Socially Responsible Investment (SRI) funds, ethical investments, holding data analysis, norm-based screening PhD Stefan Engström 13:15-15:00, December 14, 2007 Room 349, Stockholm School of Economics Tutor: Presentation: Venue: * 19873@student.hhs.se ** 19924@student.hhs.se H.C. Stenström and J.J. Thorell ACKNOWLEDGEMENTS Special thanks to tutor PhD Stefan Engström for all support and guidance...

Words: 18153 - Pages: 73

Free Essay

Ethics

...GCE Religious Studies Advanced GCE Unit G582: Religious Ethics Mark Scheme for January 2011 Oxford Cambridge and RSA Examinations OCR (Oxford Cambridge and RSA) is a leading UK awarding body, providing a wide range of qualifications to meet the needs of pupils of all ages and abilities. OCR qualifications include AS/A Levels, Diplomas, GCSEs, OCR Nationals, Functional Skills, Key Skills, Entry Level qualifications, NVQs and vocational qualifications in areas such as IT, business, languages, teaching/training, administration and secretarial skills. It is also responsible for developing new specifications to meet national requirements and the needs of students and teachers. OCR is a not-for-profit organisation; any surplus made is invested back into the establishment to help towards the development of qualifications and support which keep pace with the changing needs of today’s society. This mark scheme is published as an aid to teachers and students, to indicate the requirements of the examination. It shows the basis on which marks were awarded by Examiners. It does not indicate the details of the discussions which took place at an Examiners’ meeting before marking commenced. All Examiners are instructed that alternative correct answers and unexpected approaches in candidates’ scripts must be given marks that fairly reflect the relevant knowledge and skills demonstrated. Mark schemes should be read in conjunction with the published question papers and the Report on...

Words: 1987 - Pages: 8

Premium Essay

Causes and Effects of Employee Turnover in Private Bank

...Causes and Effects of Employee Turnover in Private Bank (A Case Study) Department of Business Administration Leading University, Sylhet Report On Causes and Effects of Employee Turnover in Private Bank: A Case Study Course code: BUS-322 Course Title: International Business Submitted to Syed Towfiq Mahmood Hasan Assistant Professor Department of Business Administration SUST, Sylhet, Bangladesh Submitted by Faglul Karim Raihan ID: 1001010142 Sec-C, 8th Semester (24th Batch) Department of Business Administration Leading University, Sylhet Date of Submission: September 29, 2012 ------------------------------------------------- LETTER OF SUBMISSION September 29, 2012 Syed Towfiq Mahmood Hasan Assistant Professor Department of Business Administration SUST, Sylhet, Bangladesh Subject: Letter of Submission. Dear Sir, It is an enormous pleasure to submit my report titled “Causes and Effects of Employee Turnover in Private Bank: A Case Study” assigned as a requirement of our course related. In preparing this assignment I have acquired much knowledge about employee turnover. I have tried my best to furnish the assignment with relevant data, which I had to collect from online and related journal. I hope this assignment will help the banking sector to gather some insights on the windows to do further studies in this aspect. I would like to convey my tributes to you and thank you for giving...

Words: 7747 - Pages: 31

Free Essay

Domino's Sizzles with Pizza Tracker

...Advantages and disadvantages of developing mass tourism Today tourism is one of the largest industries in the world. In some countries it is the main economic division. There is a wide variety of tourist types within the tourism market today,so much so that the term ‘average tourist’ has become irrelevant. (Murphy,1985) The United Nations states that ‘In Cambodia, one of the poorest countries in the world tourism is the main economic division was expected to generate 7.3% of gross domestic product (GDP) in 2004 and close to 400,000 jobs.’(United Nations, 2007).The most of people think that the economic impact of tourism is absolutely positive whereas the social and environmental impact is only negative. Indeed, increasing incomes to regions due to tourists are easy to see as well as numerous host-tourist conflicts and destruction of the environment and local cultures. However, tourism can have both positive and negative outcomes for residents in communities when sharing and preserving their culture and nature could be seen as conflicting goals.(McComick, B.E.2002,p303) Nevertheless here could be two sides of outcomes: positive and negative. The positive side is that tourism has brought booming business to many countries and causes economic growth Although tourism brings many jobs to countries and decrease unemployment. Also tourism supports business. Tourists purchase local goods and use local services such as attraction, entertainment and other. . However tourism has...

Words: 2257 - Pages: 10