Sustainable business

Sustainable business is a company or organization that has minimum harm on the society or economy of the global or local environment, it is a business that ensures the triple bottom line (reduce, reuse, recycle) are achieved. A business could be presented as a sustainable or green business if it: makes endless efforts to maintain the environmental protection principles and consider the principles of sustainability when making a business decisions; provides replacement for the non green products by environmental friendly products; and is greener than traditional organization. A sustainable business meets the customer’s needs and maintain a profit yet, at the same time, reserves the environment by making sure that all the processes, products,…

This article highlights the concept of strategy and other crucial factors for a sustainable competitive advantage of a business without losing its (uniqueness) position in the market. Porter (1996) emphasizes that management tools such as benchmarking, outsourcing, partnering, and engineering have drastically taken the place of strategy. Due to the fact that management fails to distinguish between operational effectiveness and strategy, these management tools improve the operational…

A strong culture is key to building an effective sustainable business. It can dictate productivity, morale, and employee behavior. To create such culture the administration team must initiate appropriate values, attrition, onboarding, and reward systems. Lincoln Electric Company has been the leading model of establishing this desired culture and has been doing it for over a century. Leadership is responsible for representing and implementing the culture of an organization. The Lincoln…

deciding where to spend and what to spend their money on. There has also been a rise of women as the primary breadwinners for families (Rampell, 2013). This trend created an evolving family dynamic and shifted the roles of the traditional household (Darroch, 2015). While women are still more likely to be the primary caregiver in a family, it is more acceptable for women to be in the work force as well as join the work force as a single parent. Value related Sustainable businesses and…

Unit 6 Discussion The company that markets their business as green and sustainable business is MOM’s Organic Market, which is located in the area where I live. It is a grocery store and sells organic products. The CEO believes that the biggest issue today is the climate change and therefore this needs to be addressed immediately. Additionally, consumers are concerned with the environment and climate change, and they demand environmentally friendly products. The CEO thinks the shoppers are…

economy.43 Eventually, it can be said the term ecology has a mutual interrelationship with the term economy, as well as they both together play vital roles for the environment. There have some real importance to think about the combination among them because they both carry fundamental values for each other. The mutual understanding about the growth, decline, differences and values are vital facts for being an ethical and effective combo as ‘‘Ecological Economy’’, which can be defined in further…

2.0 SUSTAINABLE SUPPLY CHAIN Sustainable Supply Chain can be define as management of supply chain need to be consider of environmental issues, social, as well as economic impacts. ( Cody Sisco, Blythe Chorn and Peder Michael Pruzan-Jorgensen, 2010). Based on this authors also explained about the encouragement of good governance practices in term of goods and services in the sustainable supply chain. Sustainable supply chain is very crucial point need to be consider in the supply chain management…

SUSTAINABILITY AT BAUSCH + LOMB Bausch + Lomb aims to conduct business in such a way that meets the needs of patients, customers, consumers, and stakeholders today while ensuring the preservation, protection, and sustenance of the community, the environment, and natural resources so they are available for future generations. Sustainable Purchasing We will give purchasing preference to environmentally sustainable products and services that are comparable to their standard counterparts in quality,…

Sustainability: Sustainability is defined as ability of the processes as well as systems. Generally the sustainability is coordinates by sustainable development, which would be involved in four co-dependent domains such as economics, ecology, culture and politics. Sustainability in biological terms or systems refers to stay productive as well as diverse. Sustainable development: Sustainable development is the idea that assumes critical path in business and industry of the 21st century. Industry…

Studies have shown that the use of green products within a business not only increases employee commitment and job performance, but the overall attitudes and atmosphere of the company. Higher commitment and job performance also means higher productivity for a company, creating a positive cycle within the company. Schools have also shown positive feedback, by higher test scores, increased attendance records and healthier happier children…