Business Sustainability: Analysis of Six Models and GKN British Limited

This report analyzes the concept of business sustainability and focuses on six models including Triple Bottom Line, Five Capitals, Natural Capitalism, Cradle to Cradle, Circular Economy, and Balance Scorecard. The analysis is based on the case of GKN British Limited, a multinational automotive and aerospace components business. The report examines the environmental impact, responsibility, and risk associated with these models.

BUSINESS
SUSTAINABILITY
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Table of Contents
INTRODUCTION...........................................................................................................................3
INTRODUCTION OF SIX MODEL..............................................................................................3
INTRODUCTION OF BUSINESS.................................................................................................4
ANALYSIS.....................................................................................................................................4
CONCLUSISON.............................................................................................................................5
REFERENCES................................................................................................................................7
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INTRODUCTION
Business Sustainability is generally regarded as a corporate sustainability which looks at
coordinating with the management and coordination of environmental, social and financial
demand (Dyllick and Muff, 2016). This project is based upon the GKN British limited. GKN
plc is a British multinational automotive and aerospace components business headquartered in
Red ditch, Worcestershire (GKN British limited . 2017). Two models which is selected in the
project are Five capital and Balance scorecard. This report highlights the briefing in regards of
six models and on the basis of two out of them in concentrated toward analyzing business on
basis of three term that is Environmental Impact, Responsibility and risk.
INTRODUCTION OF SIX MODEL
Triple bottom Line
The triple bottom line is a accounting framework which looks at measuring the three
element that is financial, social and environmental performance of a company over period of
specific period of time. Organization generally used to adopt these framework to find out the
performance in a broader perspective and to create the business value into the market (Hussain,
Rigoni and Orij, 2018).
The Five Capitals
As the name suggest these framework generally looks at managing the different sort of
the capital in the organization and to measure the same as they are improving or not. Five
different type of capital which are consider are Natural capital, Human capital, Social capital,
Manufactured capital and the Financial Capital of the company.
Natural Capitalism
Natural capitalism generally regarded as taking care of variety of natural resources which
has been used by organization to carry out different operation in market. Natural capitalism is a
way of valuing the natural and the human resources which used to offer the life supporting
ecological services which is generally used by the business in different operation (Kumar and
Sahoo, 2019).
Cradle to Cradle
Cradle to Cradle is a biometric approach which is generally used in designing the
products and system that used to models human industry on variety of natural process. Where
different material are generally viewed as a nutrients circulating. Cradle to Cradle is generally
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related to thinking about a manufacturing process in which organization has to consider all the
material which has gone into the project and resources used throughout the step.
Circular Economy
Circular economy at the same time is a economic system which consist of closed loops in
which all the element such as raw material, component and product generally lose the value as
little as possible. In the simple words it can be said that circular economy is generally looks at
eliminating wastage and continual usage of different resources in the organization. This
framework in the organization used to decoupling the economic activity from the starting stage
itself that is consumption of finite resources.
Balance Score card
Balance Score card is a framework which is generally used as a semi structured report
which can be used by the manager in the organization to keep track of the variety of the
execution activity which can be performed by the staff member within the organization or the
activity for which they are responsible in the organization.
INTRODUCTION OF BUSINESS
This project is based upon the GKN British limited. GKN plc is a British multinational
automotive and aerospace components business headquartered in Red ditch, Worcestershire.
GKN is owned by Melrose Industry and used employee 58000 employee in the organization.
GKN is one of the biggest Automotive firm (GKN British limited . 2017).
ANALYSIS
Five capital model is the model which generally used to consider five different type of the
capital and make sure that all these capital is maintain in the organization.
Environmental Impact: These sort of capital generally used to consider looking at the
natural as well as social capital company as well in the market, these sort of the thing in the
market will eventually help the company in understanding Environmental impact. As business
environment generally include social as well as natural environment as well.
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Responsibility: All the business generally used to have variety of different type of
responsibility toward different party. Five capital generally used to define all of them in different
capital these will eventually help the company in finding out whether organization is able to
fulfill all the responsibility or not in organization.
Risk: Five model generally used to help the company in comparing the business on the
basis of variety of different aspect these will eventually help the company in ascertaining the
risk associated with the aspect in which organization is lacking this will also help the company
in understanding risk associated for the business.
Balance Score card is a framework which is generally used as a semi structured report which
can be used by the manager in the organization to keep track of the variety of the execution
activity.
Environmental Impact: Balance scorecard is the framework in which organization used
to compare one report which eventually used to help the company in predicting variety of future
environmental impact which will eventually help the company in managing and understanding
Environmental impact.
Responsibility: Balance scorecards generally help the company in keeping eye on
variety of different sort of the changes which are being brought in the organization in the long
run. This will eventually help the company in understanding variety of different role which need
to be performed which will help the company in providing authority to different individual in the
organization (Agarwal, R., 2019).
Risk: Balance score card is generally used as a market research report as well in the
organization. As it has been identified that these eventually used to help the company in
understanding the future condition and eventually help the company in relating it with the
current position of the company in the market. These eventually used to help the company in
analyzing the risk in the better way in organization.
CONCLUSISON
After going through the above report it has been concluded that there are variety of the
different type of framework which can be used by the organization. This will eventually help the
company in variety of the different way in long run. After that report concludes the way Balance
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scorecard and Five capital model help the company in finding out the Risk, Responsibility and
Environmental impact in the long run of business.
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REFERENCES
Books and Journals
Dyllick, T. and Muff, K., 2016. Clarifying the meaning of sustainable business: Introducing a
typology from business-as-usual to true business sustainability.Organization &
Environment. 29(2). pp.156-174.
Hussain, N., Rigoni, U. and Orij, R. P., 2018. Corporate governance and sustainability
performance: Analysis of triple bottom line performance. Journal of Business
Ethics. 149(2). pp.411-432.
Kumar, D. and Sahoo, D., 2019. Natural Resources Matters: Capitalism and People’s Resistance
Against Developmentalism in Adivasi Region of India. The Oriental Anthropologist.
19(1). pp.83-101.
Agarwal, R., 2019. CAN THE USE OF BALANCE SCORE CARD GUARANTEE
SURVIVAL AND GROWTH IN TODAYS ERA OF ECONOMIC
UNCERTAINTY?. Journal of Applied Management-Jidnyasa, 11(1).
Online
GKN British limited . 2017 [ONLINE] Available through https://www.gkn.com/.
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