Sustainable management future - Assignment Example

Comments (0) Cite this document
Sustainable Management Futures Customer inserts his/her name Customer Inserts Traditionally, the U.K retail supermarkets have been accused of being part of a rat race whereby no concern is shown to those down the supply chain, including the economic and social development of farmers and standards in the labor industry, the conservation of wildlife as well as the road congestions (due to ill planning of retail outlets) and dumping of waste…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER98.3% of users find it useful
Sustainable management future
Read TextPreview

Extract of sample "Sustainable management future"

Download file to see previous pages Sustainability, however, attempts to achieve all three elements simultaneously. Sustainability is increasingly becoming popular amongst consumers who are now demanding retailers to adhere to sustainable principles. Further insight reveals that the proportion of ethical consumers has risen over the years in the U.K. To this end, the proportion has risen from 36% in 2004 to 40% in 2007 (Ipsos MORI, 2007). However, a significant factor that hinders ethical purchases is that of price. Increasingly, consumers have suggested that highly sustainable products come at a price premium. Therefore, consumers prefer sustainable products, only if they are not sold at a premium price. John Lewis has incorporated sustainability into every aspect of its operations, particularly its partnerships. The company has a well developed framework for CSR and sustainability under which it operates which includes its compliance with all regulatory measures, the maintenance of a transparent governance structure, keeping all stakeholders on board as well as mitigation of risk. As far as CSR is concerned, there are three major schools of thought. John Lewis applies neither the classical Bowen nor the Friedman view solely. The Bowen’s school states that giving back to the society ought to be the aim of a business’s existence (Bowd et al., 2006). Albert Carr took this view to its extreme by stating that businesses ought to achieve profits at any cost (Bowd et al., 2006).John Lewis does not follow this view since doing so would leave little incentive for running the business; that is, “profits”. The company is certainly not a charity or a non-profit concern; it is very much a profit making entity catering to various product offerings while differentiating itself from its competitors. The other view is Friedman’s view which states that the sole purpose of businesses is to generate profits and that organizations are best run by the interests of its owners (Bowd et al., 2006). Friedman indicated that social responsibility is not the arena of businesses and is the sole domain of the government, NGOs and the individuals. John Lewis does not adhere to Friedman’s principles in isolation because it engages in extensive CSR activities; “green sourcing”, 15% reduction in carbon footprint over 10 years, ? 8.8 million donation to charities to name a few. The perspective followed by John Lewis is the CSR’s theory that has been set in stark contrast to Milton Friedman’s view that the only objective that an organization should have is maximisation of profits. This view states that CSR is best achieved by switching from a purely altruistic view of relationships with stakeholders to one where the CSR activities are tied to organizational performance (Bowd et al., 2006). This is reflected in the stringent long term targets set by John Lewis. For instance, 98% of its current energy consumption is from renewable sources (John Lewis Partnership, 2011). The company has also targeted the elimination of use of non-renewable plastics in packaging along with sustainable interiors in construction by applying ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Sustainable management future Assignment Example | Topics and Well Written Essays - 1500 words”, n.d.)
Retrieved from
(Sustainable Management Future Assignment Example | Topics and Well Written Essays - 1500 Words)
“Sustainable Management Future Assignment Example | Topics and Well Written Essays - 1500 Words”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Sustainable management future

Sustainable management futures

...?Running Head: Sustainable Management Future Sustainable Management Future [Institute’s SUSTAINABLE MANAGEMENT FUTURE Ethics and Morality of David Cameron’s “Let Capitalism Rip” When one reads between the lines, it appears when Prime Minister David Cameron says that they cannot “let capitalism rip”; the Prime Minister is actually calling for greater interference and involvement of the government and the public sector in the market. However, what the Prime Minister fails to understand here is the fact that the same is a recipe of disaster. UK was able to become an economic superpower,...
12 Pages(3000 words)Essay

Sustainable Society of the Future

...? Sustainability Report Introduction about the leadership role and segment being addressed Now-a-days, the society is being impacted by a diverse array of calamities that are ranging from climatic changes to the water shortages caused by drought; such natural disasters are impacting the quality of air, causing environmental destructions and drastically affecting the lives of people present in the world. With the advent of time, these types of natural disasters are increasing due to one reason or the other. It is assumed that such problems will continue to affect the quality of life in the present day and even the future generations. If quality of life is affected, then this is a serious issue that needs...
10 Pages(2500 words)Essay

Sustainable Management Future

...? SUSTAINABLE MANAGEMENT FUTURE: EXAM BY Sustainable Management Future: Exam Scenario Child labor is a pertinent problem in most developing countries. This vice is mostly perpetrated by large multinationals especially in farms that exploit children in search of cheap labour. The aim of using child labour is to maximize profits by taking advantage of high poverty levels in developing countries. Dagdemir and Acaroglu (2010) assert that child labour tends to reduce as a county opens up for more FDI; opening up the internal market increases per capita income in a country, which reduces cases of child labor. However, Dagdemir and Acaroglu...
6 Pages(1500 words)Dissertation

Sustainable Management

...? SUSTAINABLE MANAGEMENT FUTURES The paper discusses a number of questions relating to issues in sustainable management. The issues discussed in the paper include the scientific evidence on climate change and its repercussions on organizations; the practice of whistle-blowing in organizations and finally, the disproportionate representation of women in the top management in the UK economy. Q1 Scenario 1 Mike Hulme cautions in his chapter "The performance of science" in his book Why We Disagree About Climate Change: Understanding Controversy, Inaction and Opportunity about the certainty of science. Discuss what these issues are. Mike Hulme...
12 Pages(3000 words)Essay

Future management

...tremendous benefits out of it. The demands and taste of consumers' changes over a period of time and they always look for the products which are innovative and trendy. As a result of which it is obvious that continuous research and development work is necessary to sustain and manage the future business environment. To support this statement, eminent scholars have advocated that R&D acts as a core activity of the modern day business and major decisions are made on the basis of its outcome. Moreover, it is also a way to mitigate future risks and gain an edge over the competitors (Taylor and Cooper, 2007). Regular Customer Survey: - As mentioned several times in the report,...
12 Pages(3000 words)Essay

Innovation in a sustainable future

...?Innovation in a Sustainable Future Table of Contents Introduction 3 The Basis of My Future Career 3 Career in Engineering 3 What Electrical Engineers Do 4 Energy Demand in Daily Life 4 Career Aspiration in Solar Energy Engineering 5 Skills Required for Becoming a Solar Engineer 5 Preparation and Training 6 One Year Certificate Program 7 Associate Degree in Solar Energy Engineer 8 Occupations Plan in Solar Engineering 9 Earning 11 Conclusion 11 A Lifelong Career 11 References 13 Introduction The Basis of My Future Career Ever since my childhood, I have many anticipations and objectives for my future career. A few of the anticipations have eventually faded...
8 Pages(2000 words)Essay

Building for a Sustainable Future

...Building for a Sustainable Future BUILDING FOR A SUSTAINABLE FUTURE Titus Rock Manickam Order No. 278059 19 March 2009 Table of Contents Introduction3 Information to be included in desk study...4 Nature and extent of any site investigation6 Possible methods of remediation...9 Advantages and disadvantages..12 Conclusion.13 Sources...15 BUILDING FOR A SUSTAINABLE FUTURE Introduction The brownfield site acquired for development purposes has been in a state of closure and unoccupied since the early 1970s. The records of the previous use are, however, incomplete. The client is a developer of high quality residential accommodation, and as such, it is imperative that the site... of...
12 Pages(3000 words)Essay

Solar: Towards a sustainable future

...Solar: Towards a sustainable future Examples of good sources of energy are solar and nuclear power. The history of solar energy goes back to ancienttimes; however, a more sophisticated use of solar energy happened in 1776 with the discovery of a solar collector, which could boil ammonium, and was subsequently used for refrigeration was built. The history of nuclear energy started with the discovery of the metal element uranium and its capability of producing a lot of energy in the 1950s. Solar power is a safe, sustainable and convenient source of energy compared to nuclear power, which is unsafe and costly. In a solar plant, sunlight converted to electric energy via PV (Photovoltaic...
2 Pages(500 words)Essay

Technology and a Sustainable Future

...technological resources for them. Therefore, it can be stated that the technological innovation will automatically lead people into a sustainable future. Question 2 It is clear from above discussion that the integration of advanced technological tools and processes in the business operation process can help an organization to gain potential competitive advantages. However, despite the advantages the organizations can face several types of institutional barriers, such as inadequate training and development process, lack of knowledge sharing, inadequate security aspect for online transactions and poor performance management. Employees can be considered as the major assets for an...
4 Pages(1000 words)Assignment

Sustainable management future

...different ethics and values can be reconciled when doing business across different cultures. Our goal is not to identify the ethical or unethical practices. Rather, the objective is to understand these variations and outline a way of how to reconcile them for effective performance. What is significant is that some cultures may view such practices with different levels of condemnation. This presents a problem for managers who are engaged in cross-cultural transactions. Such managers have to anticipate and manage such variations in an ethical behavior that is grounded on the cultural differences (Armstrong and Sweeney, 1994, 34). The purpose of this paper is to identity how different...
6 Pages(1500 words)Assignment
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Assignment on topic Sustainable management future for FREE!

Contact Us