Sustainable Business Strategy Sample By Global Assignment Help

1. Sustainable Business Strategy Toll Free No. 44 203 3555 345 Mail Us: help@globalassignmenthelp.com Need Finance assignment Help? Global Assignment help provides best assignment help for all subjects.

2. Table of content Introduction ......................................................................................................................................3 Task 1 ..............................................................................................................................................3 Analysis of global sustainability agenda..................................................................................... 3 Current forces for the alteration in sustainable environment of business ................................... 4 Impact of current sustainability issues on business organization ............................................... 7 Task 2 ..............................................................................................................................................8 Extended boundaries of the sustainable business organization .................................................. 8 Impact of structure and objectives on sustainability aspects of business ................................... 9 Conclusion .....................................................................................................................................10 References ......................................................................................................................................11 Toll Free No. 44 203 3555 345 Mail Us: help@globalassignmenthelp.com Need Finance assignment Help? Global Assignment help provides best assignment help for all subjects.

3. Introduction Sustainable development can be termed as development strategy formed to satisfy present demand without affecting environmental factors. In simple terms, sustainable development means such a development which fulfills present needs and requirements of people or business organizations without compromising with the abilities to meet demand of future generation (Ghosal, 2015). There are two key things involved in sustainable development namely, the concept of needs and the idea of limitations. In this report, Confederation of British Industry is selected in order to provide secondment in order to bring sustainable development in the economy by compromising with number of issues and generating new ideas in the firm for better utilization of resources. SAMPLE ON Sustainable Business Strategy FOR ASSIGNMENT HELP KINDLY CONTACT AT: HELP@GLOBALASSIGNMENTHELP.COM Task 1 Analysis of global sustainability agenda For the sustainability development of 21st century global action plan has been prepared by regulatory authorities. This plan is known as Agenda 21. Main objective of this action plan is to satisfy demand of present economy without hampering the ability of fulfillment of needs and expectation of future generation (Teece, 2010). Toll Free No. 44 203 3555 345 Mail Us: help@globalassignmenthelp.com Need Finance assignment Help? Global Assignment help provides best assignment help for all subjects.

4. There are number of chapters included in the agenda which helps to resolve the issues of various social entities. For this aspect, support is provided by both government and non- government authorities. However, as a matter of fact, in every area, activities performed by human resources of business firm impacts the environment to much deeper extent. Some of the key areas have been described with their basis for actions, objectives and means of implementation. They are explained below: Section first: Social and economic dimensions Promotion of sustainable development through trading activities oApproach of this action: - In this section, consistent trading system which are open and equitable, secure and non-discriminatory system with the main objective of sustainable development results in growth of optimal distribution of global production on the basis of competitive advantage (Boons,2013). However, this approach needs commitment for the feasible implementation of economic policies for effective management. On the other hand, there are several developments which have provided new opportunities and threats that could had a great impact over international trading environment. oObjectives: - The main objective of such a sustainable development is to attain accessibility of market of developing countries for the exports activities. oMeans of implementation: - Financing and cost evaluation terms which includes non-concessional, depends on the specific strategies and programmes governments decides on the implementation. To develop mutual support of trading activities and environmental factors oApproach of this action: - According to this chapter, there should be coordination between trade policies and environmental factors (Boons, 2013). Furthermore, an open and multilateral trading system results in more effective as well as efficient allocation and utilization of resources. Simultaneously, it leads to increased production by minimizing demands on the environment. Toll Free No. 44 203 3555 345 Mail Us: help@globalassignmenthelp.com Need Finance assignment Help? Global Assignment help provides best assignment help for all subjects.

5. oObjectives: - Major objective of this chapter is to develop proper support between trading activities and environmental factors for the promotion of approach of sustainable development. oMeans of implementation: - In this situation as well, the means of implementation of such a sustainable development is financing and cost evaluation. To provide appropriate monetary funds to the developing nations for the sustainability development oApproach of this action: - For the economic development, growth and welfare of developing nations huge financial sources are required. With these monetary funds, investment will be made be regulatory authorities in development policies (Christersson and Rothe, 2012). Not only that but needs and requirements of the developing population can also be fulfilled with appropriate investment amount. oActivities: - Meeting international targets of official growth assistance funding and addressing the debt issue. oMeans of implementation: - Financing and cost evaluation. Current forces for the alteration in sustainable environment of business Description of current forces for the alteration in sustainable environment of business is enumerated below: SAMPLE ON Sustainable Business Strategy FOR ASSIGNMENT HELP KINDLY CONTACT AT: HELP@GLOBALASSIGNMENTHELP.COM Toll Free No. 44 203 3555 345 Mail Us: help@globalassignmenthelp.com Need Finance assignment Help? Global Assignment help provides best assignment help for all subjects.

6. Stakeholders: - Stakeholders analysis is very crucial for identifying all the factors either directly or indirectly affects operations and procedures of Confederation of British Industry. Stakeholder analysis helps to define issues, concerns and information needs of stakeholders regarding cited firm’s organizational sustainable development activities. In this context, examining the parties that have vested huge sum of interest in the cited industry. This is the major aspect of concept of sustainable development (Fowler, 2007). This aspect also enhances corporate accountability of organization. Furthermore, it is considered as one of the key difference between sustainable and conservative management practice. On certain occasions, stakeholder analysis may result in conflicting expectation. For instance, in rare cases, customer’s demands for new and environment safety products and services but from the industry point of view they will consider profitability and growth perspective. Confederation of British Industry speaks for 190,000 businesses, made up of around 1,500 direct and 188,500 indirect members. Due to this aspect, they are required to balance customer expectations and growth factors. Sustainable development policies and objectives: - Such objectives are considered on the basis of core values which are expected by the workers of company with respect to sustainable development. With this aspect, target are set in order to ensure standard operating performance. In this regard, senior management of should take responsibility to initiate policies and objectives for the members part of it regarding its sustainable development (Melville, 2010). Most of the economics are of the view that a policy on environmental responsibility is a very crucial as well as advantageous action to attain the objective of sustainable development. However, there are various advantages of compulsion policy of sustainable development. It is because; policies and objectives on sustainable development is defined by the CBI and it will be mandatory to be complied by the members. Implementation plan: - Designing and executing an implementation plan is very crucial for the management system changes that are needed in order to attain sustainable development objectives (Teece, 2010). Planning objectives through meetings and discussion is not well enough but implementing those plan and policies in the business Toll Free No. 44 203 3555 345 Mail Us: help@globalassignmenthelp.com Need Finance assignment Help? Global Assignment help provides best assignment help for all subjects.

7. organization affects the entire firm as it changes the operations of the firm. Sustainable development plans and policies designed by the CBI should be communicated with all the members in a formal meeting before implementing them into action. It is necessary because without concerning with stakeholders, chances of disputes mat arise and it becomes even difficult for the firm to implement changes. Sometimes, it is observed that various businesses resist changes if they feel it inappropriate so it can be said that it is very crucial to communicate with the members before implementing changes (Welford, 2013). Supportive corporate culture: - An appropriate corporate culture is very essential for successful implementation of plans and policies for sustainable development. Implementation of approach of sustainable development is not easy because most of the business organizations tend to experience a kind of renewal in the organization. In this aspect, CBI can declare benefits for the implementation of sustainability in business entity. This approach had assisted not only in generating innovative ideas but it also helps the firm in generating enthusiasm in the decision making program itself. Most of the organization as management is committed to operate commercial activities in socially responsible manner (Kronlid and Öhman, 2013). However, this may be attained only after retiring. In some organizations, manager finds it difficult to change their role and perceptions while developing sustainability with the workplace. In multinational companies, managers do not like to change their attitudes toward work but try to implement changes in pre-defined manner. SAMPLE ON Sustainable Business Strategy FOR ASSIGNMENT HELP KINDLY CONTACT AT: HELP@GLOBALASSIGNMENTHELP.COM Toll Free No. 44 203 3555 345 Mail Us: help@globalassignmenthelp.com Need Finance assignment Help? Global Assignment help provides best assignment help for all subjects.

8. Development of standard measures for the assessment of performance: - The implementation of sustainable development will be assisted by preparation of reports by monitoring performance of member businesses (Williams and Schaefer, 2013). Performance needs to be measured on continual basis in order to identify the effectiveness of implemented actions. If the sustainability development objectives do not work well, it can be identified with through measuring them. But in many of the cases, most of the organizations are well ahead of government in establishing sustainable development. Though government make lot of efforts in designing sustainable development in each and every business firm but in some cases, organizations do not take enough interest and in other cases, firms establishes sustainable development initiatives even better than the regulatory authorities (Ghosal, 2015). Impact of current sustainability issues on business organization Some of the issues which create huge impact on sustainable development of CBI are enumerated as below: Metrics for the measurement of sustainability: - It is very difficult to tackle with issues and goals without obvious metrics. However, it is often very difficult to measure sustainability initiatives as they affect businesses as well as market at macro level. Moreover, there regulatory implications are also unclear as well (Bocken, 2014). Impact of this metrics cannot be immediately identified as it is directly affected by the aspect that who had implemented this policy and at what level. Government policies are required to be developed by considering its integration with the objective of sustainable development: - In this regard, the regulatory authorities have number of tools at their disposal such as taxes, rules and regulations, markets for the implementation of steward environmental resources in the businesses. Customers do not consistently factor sustainability into their purchase decisions: - customers are likely to behave differently at the time of purchasing products and services from the firm. However, it is necessary for the CBI to understand how consumer’s values Toll Free No. 44 203 3555 345 Mail Us: help@globalassignmenthelp.com Need Finance assignment Help? Global Assignment help provides best assignment help for all subjects.

9. sustainability in the context of other product attributes. This aspect will assist CBI in developing services that meet their needs. Implementation of sustainability in business strategies : - In most of the business firms, managers find it difficult to fit sustainability in their firm. The main reason behind it is differences in the nature of business as uniform guidelines is difficulty to form by considering viewpoints of all the members. Other factors: In most of the cases, business organizations find it difficult to identify the crucial threats and opportunities for business (Slack, 2015). Organizations in some cases have trouble in communicating their good practices credibly and keep away themselves from being perceived as greenwashing. Better guidelines are required in order to engage major stakeholders of the business. There are no common set of rules for sourcing sustainability. Extended boundaries of the sustainable business organization There has been a great impact of business organizations on broad range of stakeholders either directly or indirectly in their course of actions. It is because; the Confederation of British Industry has a responsibility towards all the members business. By considering this aspect, CBI is required to assure that sustainable policies are beneficial for businesses as well as environment. In addition to this, CBI should ensure that member organizations are operating in fair manner by considering all ethical aspects. (Maas and Reniers, 2014). Moreover, owner of the businesses should receive excellent return on investment on sustainability and along with that, they should properly disclose relevant information and their suggestions during the decision making programs should be respected by all the members. SAMPLE ON Sustainable Business Strategy FOR ASSIGNMENT HELP KINDLY CONTACT AT: Toll Free No. 44 203 3555 345 Mail Us: help@globalassignmenthelp.com Need Finance assignment Help? Global Assignment help provides best assignment help for all subjects.

10. HELP@GLOBALASSIGNMENTHELP.COM Sustainability principles must extend across the boundaries of the business in order to involve its customers, suppliers, regulatory authorities, competitors and society or community within which the firm operates its procedures. In the extended boundaries of sustainability, customers should be given appropriate services. They should be treated fairly and with dignity (Ortiz‐ de‐ Mandojana and Bansal, 2015). Their cultures and traditions should be respected by the member organizations for the purpose of retaining the for long term objectives. Along with that, proper health and safety measures should be considered and they should be provided the highest quality of services. Dealings about services by CBI should be transparent and truthful so that the firm can gain trust or faith towards their members and environment. Moreover, relationships with members should be based on long-terms objectives and should also be truthful without any biasness (Klettner, Clarke and Boersma, 2014). Involvement of members in decision making procedures is also important for getting valuable suggestion from them for welfare of entire industry. However, CBI should be very careful at the time of while selecting policies and simultaneously should ensure that members follow good employment and environmental practices. Furthermore, competition should be fair and respectful in the industry. There should not be involvement of any kind of biasness or unlawful activity practiced by the firm in order to gain competitive advantage. The society within which the company is operating its business should be supported by the firm and along with that, the cited firm should contribute to uplift the living standard of people existing in the society (Gamble and Thompson Jr, 2014). Impact of structure and objectives on sustainability aspects of business Number of changes is required to be made by CBI in order to make its operations and procedures even more sustainable. Basically, these changes can be initiated with change in leadership approach of the industry. The main reason behind that is, more “pro-sustainability” vision and culture can be developed with effective leadership management. However, alterations Toll Free No. 44 203 3555 345 Mail Us: help@globalassignmenthelp.com Need Finance assignment Help? Global Assignment help provides best assignment help for all subjects.

11. in industry policies should be done in accordance with the supply chain and valuable additions. Guidelines should be developed for members for sustainable development. However, in most of the case, a distinct tam is developed by the CBI in order to measure and analyze social as well as environmental impact of the industry. Moreover, technological changes are required to be implemented and made more eco-efficient technology needs to be chosen by industry. In the short term, sustainable processes require essentially more expenditure. As a result, profitability decreases and stakeholders are disappointed as well. In long term aspect, sustainable business operations can be bring significant advantages such as enhanced operational efficiency, reduction in cost, positive publicity and conservation of the environment. Improved stakeholder’s relationships, development of better and advanced products, competitive advantage and reduced risk of lawsuits or obsolete technology. Conclusion In accordance with the present study, conclusion can be drawn that sustainability development is very crucial for economic growth. CBI can developed effective policies by considering norms of the members. This aspect should be supported by value addition of businesses along with the environmental welfare. SAMPLE ON Sustainable Business Strategy FOR ASSIGNMENT HELP KINDLY CONTACT AT: HELP@GLOBALASSIGNMENTHELP.COM Toll Free No. 44 203 3555 345 Mail Us: help@globalassignmenthelp.com Need Finance assignment Help? Global Assignment help provides best assignment help for all subjects.

12. References Books and Journals Bocken, N. M. P., 2014. A literature and practice review to develop sustainable business model archetypes. Journal of Cleaner Production. 65. pp. 42-56. Boons, F., 2013. Business models for sustainable innovation: state-of-the-art and steps towards a research agenda. Journal of Cleaner Production.45. pp. 9-19. Christersson, M. and Rothe, P., 2012. Impacts of organizational relocation: a conceptual framework. Journal of Corporate Real Estate. 14(4). pp.226 – 243. Fowler, S. J., 2007. A critical review of sustainable business indices and their impact. Journal of Business Ethics.76(3). pp. 243-252. Gamble, J. E. and Thompson Jr, A. A., 2014. Essentials of strategic management. Irwin Mcgraw-Hill. Ghosal, V., 2015. Business strategy and firm reorganization: role of changing environmental standards, sustainable business initiatives and global market conditions. Business Strategy and the Environment. 24(2). pp. 123-144. Toll Free No. 44 203 3555 345 Mail Us: help@globalassignmenthelp.com Need Finance assignment Help? Global Assignment help provides best assignment help for all subjects.