StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

Sustainble business - Essay Example

Comments (0) Cite this document
Summary
In the contemporary business environment, firms are increasingly becoming responsive the concept of sustainability. In particular, Tesco among other major retailers in the world are pursuing…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER96.1% of users find it useful
Sustainble business
Read TextPreview

Extract of sample "Sustainble business"

SUSTAINABLE BUSINESS and SUSTAINABLE BUSINESS The success of any given business is subject to the influence of many different factors. In the contemporary business environment, firms are increasingly becoming responsive the concept of sustainability. In particular, Tesco among other major retailers in the world are pursuing sustainable business practices as social, economic, and environmental concerns heighten in the business setting (Tesco, 2013). In this respect, sustainable business is the next critical concept that will drive business enterprises into their future success.
Sustainable business as a practice is aligned with the prospects of globalization. Social, economic, and environmental issues caused by businesses have prompted firms to act against the negative impacts of their operations (Folke & Gunderson, 2010). In essence, businesses are increasingly embracing green operations and/or strategies. The idea of sustainability is to ensure that business decisions account for the welfare of the entire society. In this respect, businesses are developing green products, employing sustainability-driven production mechanisms, or promoting environmentally friendly means of doing business. The ultimate objective is to shift from traditional competition practices to contemporary and greener modes of business within a highly competitive setting.
The theory of sustainable business is subject to the influence of four major pillars, namely: economics, ecology, social science, and evolution (Holling, 2000). These pillars inform the completeness of sustainable business theories. The economic factor is critical in explaining both business and social welfare in the society. Business operations that negate the economic welfare of the masses fail to account for sustainable business practices. Drawing from principles of economics, sustainable business has to be financially viable and most importantly fit for future generations.
Ecology and sustainable business connect based on maintaining, conserving, and protecting dynamic systems that define environmental relationships. Ecological systems host diverse and dynamic species, all of which compete with one another in many different ways. In this respect, sustainable business cannot afford to destroy ecological relationships that define people-nature interactions.
Moreover, social science and evolution also play a central role as far as sustainable business is concerned. The interaction of people and nature crates many different developments that subsequently result in evolutionary processes (Penfield, 2008). For example, human behaviour in business exploits natural resources, thus changing the ecological systems and structures from time to time. In so doing, economic and welfare issues emerge. At the height of these observations, sustainable business comes in to quell the mounting pressures in that regard.
The application of sustainable business practices is evident in the contemporary global setting. In particular, Tesco, and England-based retailer, strives to become a leading green business in the world. The retailer channels its economic profits towards corporate social responsibility, in response to the emerging need for improved personal, social, and economic welfare in the world. Most importantly, Tesco’s bid for sustainability has seen the company stop testing its label care products on animals.
In conclusion, sustainable business has a gone a notch higher with Tesco’s ultimate goal of reducing carbon footprint within and across product supply chains (Tesco, 2013). In so doing, the retailer integrates social, economic, and ecological concerns to create a one-stop business strategy that accounts for the business’s sustainability both in the short-term and long-term.
References
Folke, C. & Gunderson, L. 2010. Resilience and global sustainability. Ecology and Society, 15(4): 43. [Online] Available at: http://www.ecologyandsociety.org/vol15/iss4/art43/
Holling, C. S. 2000. Theories for sustainable futures. Conservation Ecology, 4(2): 7. [Online] Available at http://www.consecol.org/vol4/iss2/art7/
Penfield, P. 2008. Generating for the Environment, Drive down costs while helping Mother Nature. APICS Magazine, Vol. 18, no. 6.
Tesco, 2013. What Matters Now: Using out Scale for Good. Tesco and Society Report, 2013 [online] available at: http://www.tescoplc.com/files/pdf/reports/tesco_and_society_2013_ipad.pdf Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Sustainble business Essay Example | Topics and Well Written Essays - 500 words”, n.d.)
Sustainble business Essay Example | Topics and Well Written Essays - 500 words. Retrieved from https://studentshare.org/management/1630503-sustainble-business
(Sustainble Business Essay Example | Topics and Well Written Essays - 500 Words)
Sustainble Business Essay Example | Topics and Well Written Essays - 500 Words. https://studentshare.org/management/1630503-sustainble-business.
“Sustainble Business Essay Example | Topics and Well Written Essays - 500 Words”, n.d. https://studentshare.org/management/1630503-sustainble-business.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Sustainble business

Business to Business Marketing

...? Business To Business Marketing Introduction Business to Business, also popularly known as B2B, basically refers to the commercial transactions between two organizations. Business to Business marketing is concerned about selling or purchasing of goods or services with a motive to support the operations of other firm or to support production of other firms’ products or even for resale purposes. It is worth mentioning here that an organization which is involved in Business to Business operation produces goods that is further used as the raw materials or helps the other organizations (customers) in their...
4 Pages(1000 words)Term Paper

Business to Business Marketing

...? Business to Business Marketing Table of Content Answer1 3 A)Advantages and Disadvantages of trading block 3 Advantage 3 Disadvantage 4 B)Influence of trading bloc in B2B business 4 Answer2 5 A)Concept of added value in B2B market 5 B)Difference of B2B market and B2C market 7 C)Example of B2B and B2C market 9 Answer3 10 Difference of pricing strategy in B2B and B2C market 10 Supplier are the price makers in geographic market segmentation 12 Referencing 13 Answer1 A) Advantages and Disadvantages of trading block Advantage A trade block represents a group of countries who make an agreement among themselves that they will not trade with the countries except the member countries. It is an...
13 Pages(3250 words)Essay

Project as an Intern at a Design Film

... and Organizational Behaviour. New York: Prentice Hall/ Financial Times, 2005. Print. Rainey, David L. Sustainble Business Development: Inventing the Future Strategy, Innovation, and Leardership. Cambridge: Cambridge University Press, 2006. Print. Schwable, Kathy. Introduction to Project Mangement. Massachussets: Cengage Learning, 2008. Webber, Larry and Michael Wallace. Quality Control for Dummies. Ohio: John Wiley and Sons Publishers, 2007. Print. Willcoxson, Lesley and Bruce Millet. "The Management of Organizational culture." Australian Journal of Mangement &Organizational behaviour (2000): 3(2):91-99. Print.... ? Project as an Intern at a Design Firm Introduction The vital principles of business must be integrated in any...
10 Pages(2500 words)Essay

Web 2.0 Security

10 Pages(2500 words)Research Paper

Business to business marketing

...?Running Head: Business-to-Business Marketing Business-to-Business Marketing [Institute’s Business-to-Business Marketing MARKETING COMMUNICATION TOOLS The business world employs a diverse range of marketing tools to promote their company and products and now this section will include discussion of a few to allow CCS to select the best out of them. These may include use of websites, brochures, and mailing (Armstrong & Kotler, pp. 23-29, 2008). The basic aim of using these marketing techniques is to achieve higher and higher sales, thus, making it all the more important for company’s success. This also emphasizes the importance of communication techniques, so much, so that the researches show that a good product can miserably fail... that can...
12 Pages(3000 words)Essay

Business to business marketing

...? BUSINESS TO BUSINESS MARKETING Table of Contents Introduction 3 The Sales Force and Value creation 4 Retention Engagement Theory (RET) 5 Service Dominant Logic 5 Construal-level theory 6 Cultural models of value perception and experiences 6 Conclusion 11 References 13 Introduction Business is an integral part of life since it ensures that customers obtain the services and products they want and need. To diversify the means of ensuring that they can be able to provide the goods and services that are not within their reach so as to retain their customers, businesses had to device ways to meet their objectives and goals, thus business to business marketing emerged as a classic method to meet this. Blocker et al., (2012) asserts... that the...
11 Pages(2750 words)Essay

Sustainable Developmentu

...SUSTAINBLE DEVELOPMENT Introduction As the world embraced the new millennium there were some changes that it had to deal with. There were changes in various sector of the world that were apparently due to misuse of resources. There has been a great degradation of the environment which has led to allot of climate change and other changes that the world has to deal with. Many of the propositions that have been given to some of these problems have been difficult to achieve. For example all the efforts that have been put to curb the change in climate have not been working which has forced the world to take an alternative look at the problem. The main problem that the world has been facing has been resulting from...
4 Pages(1000 words)Essay

Firm Resources and Sustained Competitive Advantage

...Examine the assertion that the success of a multinational company depends on exploiting the opportunities and blocking threats in the international markets. This corresponds to Porter’s concept of ‘environmental fit’ that allows the company to improve its competitive position. In an interview for a job for a recent MA in international Business, the interviewer asks you to comment on the view that ‘Positioning determines whether a firm’s profitability is above or below average’. Prepare an answer by arguing that the fundamental basis of above-average performance in the long run is sustainable competitive advantage Aim Multinational companies have previously enjoyed the benefits of competitive advantage in the respective markets... is...
7 Pages(1750 words)Assignment

Direct Solar Energy

...that is ecofriendly is crucial to the economy and sustainable growth. It does not pollute the environment through greenhouse gas emissions. Solar power does not pollute the environment and it is renewable. Also, direct solar energy is also cheaper compared to other energy sources such as nuclear and hydropower. It can also be used to supplement conventional power. References Ellis, et al. (2013). “Model Makers: Simulating PV Systems in Transmission and Distribution Planning,” IEEE Power & Energy Magazine, 9(3): 55-61. Johansson, T., & Nakićenović, N. (2013). Global Energy Assessment: Towards a Sustainable Future. New York: Sage Publications. Scheer, H. (2013). The solar economy: Renewable energy for a sustainble...
3 Pages(750 words)Research Paper

Environmental Protection in China: Lumbering and Mining Industries

...industry” no longer means simply that the industry can continue its business and grow, but also that it supports the principles of sustainable development – which may mean that in some cases it needs to stop growing, or grow in different ways. (Plessis, 2002:4) 3. The role of human beings for implementing the concept of sustainable development For the development aspects of China, there is a key concept of leading the development sector since 2003. The concept of scientific development can be recognized as the current officially guiding socio-economic ideology of the Communist Party of China incorporating a person-centred society, increased democracy, social welfare, sustainable development, and ultimately the creation...
40 Pages(10000 words)Research Paper
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 Essay on topic Sustainble business for FREE!

Contact Us