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
Bertrand Piccard quotes, “In the 21st century, the heroes will be the people who will improve the quality of life, fight poverty and introduce more sustainability. This is a powerful message, it sums up the concepts discussed throughout the course. Additionally, the case studies such as the New Belgium Brewery, SC Johnson and The Kimberly Clarke organization have been proven to practice this philosophy. As society progresses in its efforts to provide a more sustainable future, there is a fundamental foundation of principles that must be followed to ensure success. Sustainable business development takes into account the application of business operations as it relates to the three pillars of sustainability, which is a dynamic yet integrative place to begin this journey. DesJardins, (2006) calls for a re-imagination of the future to create a vibrant sustainable model; which forms similar beliefs to Piccard. In addition, organizations are more inclined to create sustainable practices based on consumer demand and the willingness of leadership to participate in sustainability programs.
Supply-chain management consists of developing a strategy to organize, control, and motivate the resources involved in the flow of services and materials within the supply chain. A supply chain strategy, an essential aspect of supply chain management, seeks to design a firm’s supply chain to meet the competitive priorities of the firm’s operations strategy.
Supply chain management is a practice that involves the planning, supervision, and implementation of strategies and controls to direct the movement of goods and services provided to customers. The intent of this essay is to incorporate a synopsis of existing literature and to provide the reader with a general understanding of how supply chain management correlates with the organizational design and structure of modern firms. The essay comprehensively reviews the components of supply chain management and their integration with functional areas within an organization. The information presented in this essay
The purpose of this paper is to compare the sustainability practices of two companies in the same industry. The two companies chosen for comparison are The Hershey Company and Coca-Cola Enterprises, both of which are in the consumer staples industry. These two corporations are ranked sixth and eighth, respectively, on the Newsweek Top Green Companies in the U.S 2015. They have taken pride in creating sustainable product designs, having environmentally sustainable processes and supply chain management.
|[pic] |Syllabus | | |School of Business | | |MGT/360 Version 1 | | |Green and Sustainable Enterprise Management | Copyright © 2009, 2008 by University of Phoenix. All rights reserved. Course Description This course provides an overview of
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
Sustainability has become a great topic of interest in many arenas. Particularly, leading organizations are recognizing sustainability needs to be an essential aspect of their long term strategies. With this recognition, better business practices are being sought by investors as well as sustainability is becoming a driving force for better efficiencies and innovation. Two organizations, Wal-Mart and Starbucks, have both took on sustainability as long term initiatives to address their customer needs and affect how their suppliers operate.
The solution to the faulty global supply chain, presented by Timothy Smith’s Climate Change: Corporate Sustainability in the Supply Chain, lies within including environmental sustainability into; transnational policy regimes, technological development, and consumptive behavior of society.
Name: Victoria Kondratova, Ekaterina Tarkhova Address: Bischof-Dirichs-Str. 56, 65375 Oestrich-Winkel Submitted to: Prof. Dr. Julia Wolf Submission Date: April 1st, 2011
The following paper explores environmentally friendly strategies utilized in the UK based multi-million-dollar corporation, Marks and Spencer. Marks and Spencer is a food and retail corporation, with headquarters in London, England. The following paper will analyze the effectiveness of utilizing environmentally friendly strategies in a large corporation, such as M&S, and how those strategies could be implemented in a US based startup food and retail business, specifically located in central Florida.
Many of the world’s largest companies own land and have ties with endless communities, so corporations are the forefront of social and economic change that will determine if our society can become sustainable. Since multinational business run the world, sustainability within business is a way to initiate major change in terms of our society’s opinion and commitment to sustainability. As Richard T. Watson states in his book Information Systems, “organizations are the major force for innovation in most societies, and corporations in particular are major change agents” (Boudreau). This statement supports the theory that a company’s decisions within itself can and will determine the societies in which it is located. Some corporations are taking major steps towards becoming sustainable within themselves, therefore starting the change within our whole society. Understanding that corporations strongly determine our economy which is heavily correlated with our society makes it clear that businesses must be sustainable if we ever want our culture to be sustainable.
Many companies are now transitioning to the sustainability model because this model provides different business opportunities but also helps in possibly reducing the operational cost by introducing LEAN processes as well as may protect business from market and consumer backlash. This is an important reason for sustainability gaining popularity and is the reason for us picking this topic for our research .
Unfortunately, a review of the literature will show that the term sustainability has been inconsistently deﬁned and applied in the extant research. This lack of an explicit consideration of economic criteria in current models and deﬁnitions of LSR and PSR, and the failure to consistently deﬁne sustainability and to apply the concepts of sustainability to the ﬁeld of supply chain management, lead to the following research questions: RQ1. How can the term sustainability be deﬁned and applied to supply chain management? RQ2. Is there a relationship between the integration of the concepts of sustainability and supply chain management, and long-term economic success? More speciﬁcally, do ﬁrms which engage in sustainable supply chain management (SSCM) practices attain higher economic performance than ﬁrms which concentrate solely on economic performance? The answers to these research questions will help to clarify and begin to defuse the debate surrounding the relationship between environmental and social performance on one hand, and economic performance on the other. As noted by Hoffman and Bazerman (2005, p. 16):
“Green management” requires corporations to “use resources wisely and responsibly, protect the environment, minimize the amounts of air, water, energy, minerals, and other materials used in the final goods people consume, recycle and reuse, respect nature’s calm, eliminate toxins that harm people in the workplace and communities, [and] reduce greenhouse gas emissions and avoid activities that do irrevocable damage to the climate.” The underlying concern any corporation should have is not necessary to increase profits but to “meet the needs of the present without compromising the ability of future generations to meet their needs.” Corporations can be “green” by balancing social, environmental, and economic needs. Corporations can find this balance in many ways. For example, research into substance replacement of toxic chemicals can lead to less negative societal impact. Also, committing to reducing emissions will increase an organization’s positive environmental impact. Experts not only agree that green management can be profitable, but that now it is a “driving force for corporate entrepreneurship and