Small Business

1176 Words 5 Pages
As society evolves and consumers gain more knowledge about environmental concerns, there is the demand for businesses to adopt environmental practices to create competitive advantages. Improving environmental performance is a cost-effective solution and smaller businesses can create customer champions if done so correctly. In regards to a small business they do not have to abandon their established practices. Therefore, it is about making smart and rational choices that ultimately improve efficiency. This is eye opening to stakeholders as higher efficiency within a small business produces less waste, resulting in fewer costs, and giving the business the highest possible profit. That produces the best bottom line and benefits the business through …show more content…
This size dynamic alone is a compelling factor in which small businesses can relay their visions, messages, and mission statements to their employees on an easier scale rather than having to communicate that to 10,000 plus employees in which half might not even respond or get the message in the first place. For environmental performance to improve it is essential to have a philosophy and corporate culture that is established and understood by employees. This can be effectively done through a visionary leadership style, in which the CEO has a clear sense of the future and how to get there. Governing standards, company policies, standards of performance and operating procedures are vital to a small businesses success. Small businesses give more attention in to whom they hire, as the size ratio is smaller. With that employees are selected more carefully whom have matching skill sets that go hand in hand per the small businesses ethics and …show more content…
This is easier done compared to a large business setting as there are less red tapes and rules to abide by. The building and rebuilding of business models around social problems sets them apart from their competition and augments their success and dominance. This can be achieved through the help of NGO’s, governments, and stakeholders. For example, Greyston Bakery is more agile and can quickly adapt and incorporate new practices. They are flexible in their operations and understand their ecological footprint to a greater implication. Because larger corporations have an extensive supply chain like their competitor Weston Bakeries. The question posed is if every step is sustainable with all the sourcing parties down to the end supplier. Greyston creates a competitive advantage by tracking environmental, social, and governance metrics as they grow and learn more. Thus, the opportunity to engage their entire team results in efficient goals throughout that shape a strong culture of ownership and accountability among

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