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Analysis of Sustainability in Practice - Essay Example

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This essay describes that Siemens Engineering Company Limited follows the vision to be a pioneer in engineering and electronics technology by generating long-term value for customers, maximizing returns on investment, enhancing innovativeness and creativity among the workforce…
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Analysis of Sustainability in Practice
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Download file to see previous pages As a technology company, Siemens worldwide aims to capture opportunities for sustainable advancement of customers and the organization. Corporate social responsibility generates sustained value for the betterment of society. Siemens is a future-oriented company which believes in sustainable development and responsibilities towards the society and has undergone out of the way to fulfill its commitment to the welfare of people, earth and the business. Sustainable development is beautifully explained as “Meeting present needs without compromising the ability of future generations to meet their own needs” (Grayson et. al 2012). Sustainability is seen as the eco-development approach for the preservation of resources. Moreover, social responsibility is an obligation to assume corporate duties for the welfare of society (Ebner & Baumgartner 2006). Seeking economic benefits stays as the mission for the existence of any business. However, CSR provides societal development which indirectly supports the motive of the business. By long-term value creation for the society, businesses fulfill their duty as a member and contribute to the growth of the firm.
Proponents of sustainable development suggest that resources are scarce so sustainable use is crucial for growth otherwise the quality of life will worsen (Blewitt 2008). For instance, if a tree is slashed without planting another one, this will eventually turn a forest into a desert. The issue of sustainability has become even more challenging with the massive growth in population because it will raise the consumption and demand for resources. Sustainability involves a firm commitment towards needs of the poor along with economic and social improvement and also realizing the limited nature of resources. Corporate Social Responsibility is an ethical obligation to the community at large. ...Download file to see next pagesRead More
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