Business - Society & Planet for Sustainability and Stakeholder

Sustainability has been an important objective of the businesses in the past decade and the core principle of the organisations is to achieve the sustainability in the long run of the business. In this reflective essay, the concepts of sustainable business including the issues, approaches and challenges have been discussed. Sustainable business can be defined as the organisation that creates a minimum negative impact on the local or global environment and the sustainable businesses are progressive in human rights and environmental aspects.   John Elkington during the time of the 1990s created a new framework to monitor the performance of the organisation regarding sustainability in America. This measure went beyond the traditional framework of the organisation and it just did not measure the profit, shareholders' values and return on investment; it also included the social and environmental dimensions. As stated by Elkington (2013), the triple bottom line is the idea that fetches to broaden the aim on the financial bottom line by the organisations to include the environmental and social responsibilities. Therefore, the triple bottom line of the organisation measures the economic value, social responsibility and environmental impact of the organisations. I did not have an idea about triple bottom line; I only knew the organisation's bottom line was only the i e statement or the net i e. Today's organisations do not run only for financial profit but the betterment of people's lives and to help the environment. The responsi bilities of the organisations e pass not only to profit; but also people and planet to make them sustainable (Caroll & Buchholtz, 2014). I was reading the framework published in the International Reporting Council, where the article focused on the capital needs of the organisations. Financial capital is about understanding the implication of the regulatory changes that provide the traditional strengths of finance (Williard, 2012). Manufactured capital is about the decision-making of the financial analysis as the manufactured capital can lead to the success of the organisation. I believe that manufactured assets are the physical distribution of the services, networks and distribution networks. These goods and services should be delivered to the customers on time to utilise the manufactured capital. Intellectual capitals are the intangible assets like patents, trademarks and brand equity of the organisation (De Visscher, 2016). Human capital is the human resources that do the intellectual work of the organisation along with the technologies. I personally think that the organisations spend on training, on-boarding and re duce the employee turnover so that the human capital can be used to increase the efficiency of the intellectual capital. In addition, social and relational capitals are the social networking media like LinkedIn, Facebook and Twitter that help the organisation to make relations with the customers and the external stakeholders. Finally, natural capital of the organisation is the raw materials that are used by the organisation like oil and gas, mining and other assets of the organisations. According to me, the organisations need to use these six capitals in order to improve the munity and to go towards sustainability. According to Dunphy, Griffiths & Benn (2006), there are six phases in the sustainability. The first phase is about rejection and it involves with the attitude on the part of the managers that the resources of the organisation like munity, employees and environment all should be used for the immediate economic gain of the organisations. The second phase is about non-responsiveness and it es from the lack of awareness of the organisation rather than to the active opposition of the corporate ethics (Benn, Edwards & Williams, 2014). In this phase, the organisations can ignore the sustainability and continue the business as usual form. In addition, pliance mainly focuses on the reducing the risks for failing to achieve the minimum standards of the producer or the employer. The organisations might change it to the growing legal requirements. In this stage, I think, the organisation's strategies might relate to the human sustainability that aims to legal pliance. The organisation can expect the employees' loyalty in terms of pliance. Moreover, efficiency reflects an increasing awareness of the managers and the organisations regarding the corporate social responsibilities gained through the proactively maintaining the sustainability practices. In this stage, the organisation can try to reduce the costs of the operational efficiency. The next phase is the strategic proactivity and it develops when the sustainable practices can seize the opportunities. An example of the strategic proactive can be the positioning of an organisation as the leader. In this regard, I can take the name of BP (British Petroleum) as they named it as a global leader in sustainability while they are doing the business in non-renewable resource-based products. Therefore, BP has adopted the strategic approach of sustainable practices of the business. Lastly, sustaining corporation concept reflects the internationalisation of the sustainability and the organisations can promote the developing the so ciety that would support the planet as well as the people. As stated by (Beattie & Smith, 2013), the organisations can contribute the democratic and equitable social practices.      Fuji Xerox is a joint venture pany and it moved from selling to leasing the office equipment. This organisation takes the used goods; they process their ponent and rebuild the machines. Therefore, most of the parts are recycled and zero waste. This feature of the business provides us with the example of doing the business that rebuilds the products with enhanced quality and reliability. In addition, I can provide another example of the eco-friendly supply chain of Ford Motor pany that has been using the fewer vehicles that pollute the atmosphere and it has been trying to make vehicles those would take less non-renewable fuels. Therefore, the panies are trying to be more focused on the environment to provide less carbon footprint. Movement of the organisations towards sustainability mainly depends on the organisational culture to gain the sustainability. My future aim is to a leader of a multinational organisation, I would try to bring the major transformation of organisation assumption and practices related to the sustainability. I believe science and technologies both are vital for the successful planning of the business and the organisation can implement the technologies that will depend mostly on people. Beattie, V., & Smith, S. J. (2013). Value creation and business models: refocusing the intellectual capital debate.  The British Accounting Review,  45(4), 243-254. Benn, S., Edwards, M., & Williams, T. (2014).  Organizational change for corporate sustainability. Abingdon: Routledge. Carroll, A. & Buchholtz, A., (2014).  Business and Society: Ethics, sustainability, and stakeholder management . London: Nelson Education. De Visscher, F. M. (2016).  Financing Transitions: Managing capital and liquidity in the family business. Berlin: Springer. Dunphy, D., Benn, S. & Griffiths, A. (2006). Enabling change for corporate sustainability: An integrated perspective.  Australasian Journal of Environmental Management ,  13(3), 156-165. Elkington, J. (2013). Enter the triple bottom line. In  The triple bottom line  (pp. 23-38). Abingdon: Routledge. Willard, B. (2012).  The new sustainability advantage: seven business case benefits of a triple bottom line. London: New Society Publishers.

The moment have changed my life Essay Example | Topics and Well Written Essays - 500 words - 1

The moment have changed my life - Essay Example It was fascinating to learn that computers could be used to deliver an entire mathematical lesson with ease of comprehension. This was following a computer simulation that showed the different angles and perspectives of an object that was smiley complicated to understand with only the imagination that I had. It was from this moment that I was drawn to computers and thought of my previous ignorance and withdrawal from them as an act of rebellion, towards my parents in an attempt to be unique from the rest of the family. Simulations were the first part that got my attention, especially with what could be done to achieve works of art with exceptional detail to aesthetics and concept delivery. The idea of changing abstract concepts into ones that a learner can easily fathom was strangely fascinating, and drew me into joining the computer club in the school and even sought the help of my family. Their skills were exceptional but not in programming for simulations let alone academic content for schoolwork. However, they helped a lot in honing my new interest and even providing me with information concerning on programming and comprehension of code generation, as well as generation of scripts. Therefore, because of the new simulations that the computer club and I generated, we enabled the mathematics teacher to explain the content in improved ways to us; and for that reason our grades kept improving. Understanding was better as so were the incentives we received, as well as the credits we received in ext ra credit classes. This allowed me to do more content delivery systems for other subjects such as geography and physics with the help of my family and friends. Together we generated scripts and simulations on projections for statistical methods in geography and math and coded projectiles for physics classes. Extra credit classes and recognition followed as this utterly changed my perspective on school life, and how much time I had wasted hating computers. I

Corporate Financial Management Essay Example | Topics and Well Written Essays - 1500 words

Corporate Financial Management - Essay Example Vodafone Group is a British international telecommunications corporation with the headquarters situated in London. The corporation also has its enlisted administrative centre in Newbury, Berkshire.In addition,Vodafone is the second largest mobile telecommunications corporation in the world,calculated by both 2011 earnings and subscribers,and as at December 2011,it had 439 million users.Also, Vodafone operates and owns networks in more than thirty nations and contains partner networks in more than forty extra nations. Its Vodafone Global Enterprise offers Information Technology and telecommunications services to corporate consumers in more than sixty five countries. Moreover, Vodafone has a 45% stake at Verizon Wireless. Verizon Wireless is the leading mobile telecommunications corporation in the United States of America calculated by users. Vodafone is also listed in the London Stock Exchange and is a part of the FTSE 100 index. As of July 2012, Vodacom had a market capitalization of almost 89.1 billion pounds. This was the third leading of any organization listed on the London Stock Exchange. Vodafone also contains a secondary listing on NASDAQ. Additionally, the name Vodafone is derived from voice data fone, selected by the corporation to illustrate the offering of voice and data services using mobile phones. Vodafone has a vision of being the leading mobile communication company in the world and a significant element of this is to make sure that consumers admire and trust the company. The company attains this by adapting a responsible model to the way it carries out its business activities. This augments its standing and develops customer loyalty. The company’s business strategy and corporate responsibility strategy are also interconnected. Vodafone holds the view that long-term commercial benefits emerge from doing business in a sustainable manner. Vodafone adopts a two-fold approach in doing business. One is to offer product extension. This entails introducing new services, dimensions, and features in saturated areas. These are regions like Europe and USA which contain complicated consumers who expect and want novel functions from their mobile phones. Establishing new ways of delivering services and products helps to preserve existing users and appeal to new ones. For instance, 3G technology has enhanced the quality and capacity of transferring voice and data. The second is looking for openings in emerging sectors (Vodafone Group 2012, p. 54). These include a number of the globe’s more remote regions, including some regions in Africa, where a large number of individuals cannot have access to a mobile phone. This paper will analyse the sources of finances, gearing of Vodafone during the last five years. The paper will realize this by providing a critical evaluation of the gearing and policies of the company with regard to its corporate objectives, relevant theories, and industrial sector practices. The foremost objective of Vodafone as a business unit is the maximization of profit. The organization also has a mission statement which makes sure that this foremost objective is attained in the most suitable manner possible. The mission statement is to be the leading communication company in a progressively more connected globe. Correspondingly, the mission statement is passed on to all shareholders of the organization, particularly to the company’s workers, largely because it is the workers who make the most significant contribution in accomplishing the objectives of the company. Vodafone is also dedicated to offering markets with less developed infrastructure the necessary technology to establish communication which will be of significance both socially and economically. Finally, it is committed to accomplishing its goals by providing superior and innovative services. Vodafone provides both basic telecommunication services, for example, text messaging and mobile phone calls, and