An organization, according to the definition is a separate living individual, which can and can be affected by its surrounding environment. The effect of the organizations activities can directly or indirectly affect the environment in many ways. The focus has now been shifted from financial information and now companies put a huge emphasis on their non-financial aspects as well. Changing attitude of the government in major countries of the world, their acknowledgment of this environmental crisis has given many countries to take steps and to put forward regulations against the organizations that are affecting its environment negatively.
Leaders are not necessarily managers. A leader is the one who steers the ship of the organization. In a
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Many organizations are focusing towards corporate greening now, making operation cost effective as every organization is set to achieve one goal that is maximization of shareholders wealth, so it has become important to find a mix between being cost effective and environmental friendly. Many major organizations have started to accept corporate greening as a major priority as it also creates a marketing factor and gives the organization a responsible citizen status in the society.
Corporate greening depends to a substantial degree on the commitment and administration of top supervisors who are in a position to execute approaches and rehearse that can enhance ecological execution. The awareness of Environmental leadership has been generally recognized for quite a while in both business and government . The green entrepreneurial pioneer must be a trend-setter who accepts that the business that he or she is heading must hold onto green values as a component of its center character, and that these green qualities can aid the business in picking up preferences in the business sector. Green pioneers must have an uplifting disposition to guide the venture they lead to a dream without bounds that will be better for the nature, for the environment. In like manner, a green venture is not the same as organizations that are not green and, consequently, green pioneers must merge and reinforce their individual values and incorporate these into ecofriendly inside
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
The New Sustainable Advantage showcases the importance of how organizations, large and small can identify areas in which their sustainable measures can improve their green thumbprint as well as increase their overall revenues in about 5 years. Bob presents this model in a systematic way pursuing that organizations can improve productivity and become more sustainable over time without sacrificing revenue. This should begin at the CEO Level of every organization as well. Without upper management cooperation and understanding, it will be much harder and near impossible for a company as a
As we have seen an increase in awareness around sustainability and climate change, with the help of Al Gore’s Inconvenient Truth documentary in 2006, we see organizations moving towards mitigating the effects of climate change in various ways (Al Gore, n.d). As this corporate social responsibility has become more prevalent, organizations are now pushing their green agenda by publishing sustainability reports, doing mass marketing and implementing sustainable business practices to portray the image that they too are working towards protecting the earth’s natural environment all the while focusing on their underlying goal of selling their products and
To a regular person, the global concern about ‘going green’ might appear as a result of speculation from nervous politicians and alarmed citizens. But the reality is totally different. In recent years, businesses have gained much knowledge about the impact of their activities on environment and in turns their customers. Businesses are successively venturing to earn greater revenues. In this process, they are trying out every best possibility to entice their contributors- from customers to investors. Regardless to say, stakeholders these days are more socially responsible than ever. So to keep up to their expectations, businesses are also trying to expand or limit their activities to save the environment- from doing relentless research on lowering waste to lean management and even trying out various eco-friendly activities. Despite of all these, the ultimate question remains unanswered if it is financially beneficial to adapt those initiatives that is going to serve the
Warren Bennis provided several distinctions between a manager and a leader: a leader innovates, develops new concepts, focuses on people rather than systems, inspires trust, has a long-range perspective, has his eye on the horizon, the leader asks what, and why (Satterlee, 2013, p. 102). A leader should motivate, drive, and inspire other members of the organization to believe in the vision
Make the company “go green” by encouraging a greener environment inside the company as well as making any future banks sustainable
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.
Therefore, it is unethical for businesses to refuse this opportunity. An article titled “Large And Dirty' Companies Adopting Greener Strategies To Earn More Green”, published by ScienceDaily, offers a look at a development in corporate policies. In the article, a professor at the Johns Hopkins Carey Business School in Baltimore named Phillip H. Phan presents a new trend in business strategies. When referring to formerly wasteful companies, Phan states, “Now they view concern for the environment as an opportunity to embed innovations that save production costs in the long term and that also improve their standing as good corporate citizens in the public mind” (qtd. in “Large And Dirty'” 1). Phan is insisting that many companies are now adopting environmentally friendly policies. Most see these strategies as an advantage in the end. In turn, the economy continues to grow while corporations maintain conservation. The question remains, why implement environmental regulations? As the evidence has shown, more businesses have begun to use environmentally friendly policies. While this is a positive change, other companies have yet to embrace these strategies. For this reason, the point is not to drive a stake between conservation and business but to find mutual benefits. Above all, governments must set better standards based on the
Leadership and management are commonly mistaken to be the same. Leaders and managers in an organization both lead, but the two are not synonymous. Management functions can provide leadership; and leadership activities can contribute to managing. Often leadership is also misunderstood to mean directing and instructing people and making important decisions on behalf of any organization. Effective leadership is much more than these. Good leadership requires attitudes and behaviors (Chapman, A., 2010). It requires human qualities beyond conventional notions of authority whereas management relies heavily on tangibles measurable capabilities such as effective planning. The followings are some differences between leader and manager. Manager administers, and leader innovates. Manager maintains and leader develops. Manager focuses on systems and structures, and leader focuses on people. Manager imitates and leader originates. Manager accepts the status quo and leader challenges it. Manager has his or her eye always on the bottom line and leader has his or her eye on the horizon.
Leadership and management although being seen as synonymous do differ, not every manager is a leader and vice versa.
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
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):
Dissertation Title: Green Marketing or Greenwashing: a critical review of organisational attitudes towards promotion of their environmental initiatives
In corporate America the term used to describe a person in a position of power is “Manager”. A leader can be a manager, but a manager is not necessarily a leader. Leaders motivate, challenge, and influence others to achieve goals. Great leaders have the necessary skills and attributes which allow them to connect with the team and organization. Being a leader is not the same as managing an organization. Leader’s posses the interpersonal skills needed to influence others to achieve a goal willingly. Leading is a major part of a manager’s job. Leaders do not need to be a manager to lead people, but managers must know how to lead as well as manage.
Business people today are more aware about the social and the environment impact of their business than in the past. They start taking into account activities in helping others and preserving the environment as a main part of their business model. Business is no longer solely aim for profit as they have much larger purpose than that. However, to achieve that purpose, the business people need the Government and NGOs to create strong synergy in achieving the desirable outcome.