Mgt/360 Syllabus

Businesses who participate in environmentally friendly practices will become more profitable. There are difficulties and costs that a business will face and profit takes time but is proven to positively impact a business. “The reluctance to address the forces that are polluting the planet always comes down to money (Smith, “6 Reasons Nations Don't Go Green.”). Implementing environmentally friendly practices within a company “will win them customers, and increase profits” (McDonald, “Why Do (or Don’t) Companies Go Green?”). Many global companies today carry out environmental management tools to adapt to environmentally friendly practices, which helps gain customers, and in turn becomes more profitable. In this paper, I will go into further detail explaining why businesses should be more environmentally friendly, the benefits to be gained, costs that come with being environmentally friendly, and management ways that help a company become environmentally friendly.

Many firms are learning that being environmentally friendly and sustainable has numerous benefits. (O.C Ferrell, Fraedrich, Ferrell, 2015). This could enable them to increase goodwill from various stakeholders and also save money in the long term. This will mean that they are being more efficient and less wasteful of resources, which will enable them to be more competitive by satisfying stakeholders. The CEO of

McManus, B. (2009). Vital to Business Survival: Assessing the Impact of Environmental Pressures. GreenBiz, 1-4.

As we can see , environmental challenges in recent years have increased the trend of “going green” in businesses like never before. There are two main factors that are currently pushing toward environmental-friendly business practices, harsher international and local regulations, and the high fluctuations of fossil-fuel prices.

In today’s business world, sustainability can make all the difference in the world. According to Tomson (2015), “sustainability has become an economic and strategic imperative with the potential to create opportunities and risks for businesses by creating new customer relationships, and inspiring new products and business models that drive growth. Consequently, companies that are, or aspire to be, leaders in sustainability are often challenged by rising public expectations, increasing technological innovation, continuous quality improvement, effective governance measures, high standards of ethics and integrity, and heightened social and environmental challenges” (p.1).

The conduct or the operation of any business anywhere in the world brings with it a number of environmental concerns. These range from the emission of harmful gases, such as carbon (VI) oxide, into the environment and contributions to the depletion of the ozone layer, thus furthering global warming. It is however impossible to exist in this modern world without industries and business, as many would be unemployed and further lack various necessities due to a lack of industries and businesses (Forbes, 2011). Therefore, sustainability should be considered with regard for the environment in that actions should not adversely affect the environment to the extent that future generations will find it unlivable . Many of the leading organizations

Sustainable Capitalism in short is a method in order to maximize long-term growth and protect the stakeholder’s needs, all while considering all costs associated (Huffington Business, 2013). Taking into consideration the environmental factors associated with doing business along with the economic, social and governance criteria is believed to be a driving force to long-term sustainability (Bethel University, 2015). Within the environmental category, the manifesto released by GenerationIM proposes that companies identify the risks of their business and record the footprint being generated by their processes.

The researchers of “Green to Gold” have put together three viable reasons for, as they say, “adding the environmental lens” to business practices (Esty and Winston 11):

Despite the fact that the firms have been more inclined towards ensuring sustainability using renewable energy and the governments have instilled regulations to ensure that firms comply with the multitude of environmental rules and standards, the carbon footprint of the world has increased. Per a report published by the World Bank, the C02 emissions in 2000 was 4.034 metric tons per capita and in 2015 it increased to 4.996 metric tons per capita (C02 emissions, The World Bank). Even though the C02 emissions are increasing with a decreasing pace, the per year value has still gone up over the last 10 years. This indicates that while green businesses and a sustainable mindset has been the norm in organizations and their cultures, it still has not led to a fall in carbon emissions per year. The right mindset will aid the step in the right direction but the right execution is what will yield sustainable results.

Chris Laszlo and Nadya Zhexembayeva, authors of the book Embedded Sustainability The Next Big Competitive Advantage is an excellent and compelling guide to educate businesses worldwide. The authors cleverly combine sustainability and strategy, now and in the future while maintaining that competitive advantage. They illustrate how to be successful in the 21st-century and that corporations will have the capability to embed sustainability in their everyday agenda. For any business that wants to profit and maintain growth, embedded sustainability is essential. This strategy will help keep a competitive edge on concepts that will help future leaders with the upcoming strategies. These are distinct but interconnected trends that fall

During the past 25 years, awareness of the environment has increased tremendously. Non-profit organizations look beyond institutional goals, and instead, try to find a shared vision that works for everyone in the society. Our society needs to stop consuming as if we have an infinite planet; we have to have integrity for the world we live in because the natural resources that have been sustaining us will not last forever. Companies need to evolve with the modern age and changing consumer market. For example, Netflix never thought they would produce their own shows, however, with the changing consumer market, they have done just that. Also, NGO’s sometimes have to partner with bigger for-profit companies in order to target a larger consumer base, thus, solidifying the fact that the for-profit and non-profit sector have to team together in order to sustain the environment in which we inhabit.

Chapter 1 - “Everything we make does some damage.” Only upon acceptance of this statement can businesses begin to evaluate their operating practices and research new methods in an effort to eliminate waste and their footprint in the environment. The goal of creating a sustainable business is not one faced by just those companies who choose to take on the challenge. All companies share the basics of business - raw materials in plus required

This research focus to define the impact of going green in businesses and the practices and policies of GHRM, additionally it concentrates on how GHRM can be implemented in all businesses and if it’s

Becoming sustainable, eco-friendly, and socially responsible is that the kind of thing that an eco friendly business must resort to. With the above backdrop, the present study seeks to throw light on the opportunities, challenges and suggestions to overcome the challenges of eco friendly business. This paper identifies the potential eco friendly business opportunities.

Growth can be a rocky journey in any business. Whether you are a Fintech or a Fund Management company going from £50 M to £150 M, or an acquisition resulting in a bigger business, or an Initial Public Offering (IPO), or a Public Private Partnership, or even a division in a large corporate. In the article below we cover the sixteen hurdles encountered on the journey. These need to be circumvented to prosper and thrive to avoid a stunted growth. Before we continue with the insights, we need to recognize first that a sustainable business has the following features.