New Technologies And Policy Instruments

Sustainability from a strategic business perspective is the potential for the long-term well-being of the natural environment, including all biological entities, as mutually beneficial interactions among nature and individuals, organizations, and business strategies. (O.C Ferrell, Fraedrich, Ferrell, 2015). Business sustainably is often defined as managing the triple bottom line – a process by which companies manage their financial, social and environmental risks, obligations and opportunities. These three impacts are sometimes referred to as profits, people and planet. (Business sustainability definition from financial times lexicon, no date). This essay will discuss the idea of sustainability being an important element within a businesses and its core strategies and the importance of it within different businesses. Secondly, this study will look at how different stakeholders are affected and influenced by sustainability as this could be seen as a catalyst to improving the environment as a whole and. Then this study will look at how businesses not focusing

One frequently asked question in business today that is least answered is, as stated by David Chaudron, PhD (2003), “What can we do to make our business flourish, survive and grow?” With the rapid changes in technology and the rise in the globalization of markets, we must have a game plan in place for adjusting to these changes. It has become increasingly difficult to predict what is going to happen, and there are thousands of obstacles and opportunities along the way. To add to the confusion, there are thousands of products, solutions and methods for dealing with these changes. With many brands, sizes and varieties it is very difficult to choose what is best for your organization. Add to that,

Its value and longevity are connected to its ability to contribute to the evolution of society and its sustainable development,” (Balestrero & Udo, 2014, p. 78). As HP highlights, organizational sustainability is made possible through all sizes of changes, even down to the efficiency of real estate office

6 – Products and consumer perceptions are variable, so changes in strategy may be required to better address customer needs, technological developments, new laws and regulations, and the overall product life-cycle. By monitoring external conditions and shifting product development accordingly, a company can better target its consumers and learn to react to their needs.

As technology continue to refine how products and services are delivered to consumers, competition among industry participants becomes more refined. Organizations that are able to keep up with changing technologies become leaders while those that are not fall behind. Mergers and acquisitions are increasing while causing small businesses to sell out or seek partnerships and cooperatives in order to remain competitive and relevant.

Lankoski (2016) applied systems theory to sustainability and concurred with Inigo and Adelaba (2016) that organisations are complex environments that both influence and are influenced by the external environment, but argues that the components of sustainable innovation are: scope, suitability and goal orientation (Lankoski, 2016) as opposed to non-linear, self-organising and emergent (Iñigo and Albareda, 2016). The alternative approach components of scope, suitability and goal orientation provide for eight conceptualisations of sustainability innovation within organisations and enable management to lead a variety of sustainable innovation projects across environment, social and economic issues and allows for multiple conceptions to be

Transformation runs their business in a way that designs work where people can be empowered and they have to carefully choose who the best employee for the job is. Helen M. Haugh, in her article “How Do Corporations Embed Sustainability Across the Organization?” says that, “[s]ustainability can be implemented through designing company structures and policies that embody the principles of economic, social, and environmental sustainability. Integrating sustainability principles into an organization requires decisions concerning with whom, where, and how this responsibility will be managed.” (Haugh, 388) This gives a great example of how company structure and policy should look. Along with looking at how to fit the correct task for the right individual, Transformation also focuses on how their business is governed and run. Transformation is not just a business, it is a responsibility. Sustainability is evident in the management of the organization because they stand by their motto, “Uniting business and culture”. What this means for the management is that they not only focus of the business world but try to combine the business world with the relational world. They move more towards the designing of procedures rather than just protocol. Transformation focuses on creating an atmosphere where they are able to remove language barriers and have responsibility to create a sustainable

“Competition is not only the basis of protection to the consumer, but is the incentive to progress” – Herbert Hoover. The environments that today’s firms operate in are not static. The competitive environment they are operating in is constantly changing due to the entry or exit of competitors, changing technology and the demands of consumers. In order to maintain their market share and profitability, firms must continually assess and evaluate their competitive environment. Evaluating the various market forces firms’ face, and their effect on the competitive market ensures that an organization retains a proactive stance to the competitive environment. Instead of just accepting the status quo, organizations that actively examine and analyze their environment can then make choices and develop strategies that take advantage of the competitive situation or affect it to the firm’s benefit. This proactive stance to the market allows organizations to create value and position themselves for long term success. Firms that do not remain proactive and continually scan the competitive environment run the risk of being blindsided by innovation in the environment or significant changes undertaken by the competition.

Competitive imperatives of market forces and customer demands in today’s environment have led to the emergence of less hierarchical and more flexible organisations (Doyle, 2001). In working towards this paradigm shift, a distinction and clarification of the relationship between leadership and management in the change process needs to be addressed. According to Caldwell (2003), change leaders are executives or senior managers at the very top of the organisation who envision, initiate or sponsor strategic change of far-reaching or transformational nature by challenging the status quo, communicating a vision that employees believe in, and empowering them to act. In contrast, change managers are usually middle level managers and functional

Over the past few decades, sustainable business practices have become more prevalent and required in corporations. Australian organisations are required to be responsible for being sustainable socially, economically and environmentally, here we focus on the environmental factors. Australia’s government is constantly coming up

To achieve a sustainable business, it must first start with organizational change. Utilizing Kanter’s change wheel there are ten important pieces that successful sustainable business uses in order to achieve their societal and business goals. The change wheel is an important model for businesses as it offers a dynamic view based on real world businesses that it has worked for. I will talk about a few of the most important pieces that every business needs in order to achieve change. The first and one of the most

The author’s intention behind this research study was to find or determine which elements could be determined to be indispensable for achieving sustainability and organizational longevity (Aleksic, 2013). In addition, Aleksic (2013) sought to how important is change management for creating a sustainable competitive advantage and overall organizational behavior (p.6).

The competitive environment : competition from the industry can impact a company’s strategy and operation. For example if a competitor release a new or similar product that threaten to steal market share, an organization must be ready to change in order to retain its

The case study of “Disruptive Innovation” is a studying that concentrated and described an innovation as the affordable price products for people in the entire world to use. This research indicated about certain disruptive innovations such as the laptops, the routers, smartphones or desktop photocopier that are the substitutions for other companies’ commodities. Furthermore, Porter five forces strategy is a structure to examine the level of competition in today’s market and to make an improvement for the business strategy. Likewise, these forces are including: the threat of new entrants, when suppliers have power, when customers have power, the threats of substitutes and intensity of competitive rivalry. Therefore, this report was assigned to analyze Porter’s five forces strategy for applying toward the case of disruptive innovations and demonstrating on how it affects or relates to most of the companies worldwide.

            Other environmental influences, such as competition, may fuel the company’s desire to create more and better products that could well determine their location and standing in the global market. Increase in the number of competitors for the same line of products may mean that there