Building Sustainable Organization

Building sustainable organization
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Table of Contents
INTRODUCTION...........................................................................................................................3
MAIN BODY...................................................................................................................................3
Issues faced by the SMEs organizations.....................................................................................3
Solutions to the issues faced by the organisation........................................................................4
Example of some SMEs businesses............................................................................................5
CONCLUSION................................................................................................................................5
REFERENCES................................................................................................................................6
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INTRODUCTION
Sustainable development organization refers to the practice that is undertaken by the
businesses conducted in the social responsible manner in such a way that they relate to global,
economic and environment issues. But some of the businesses do not understand the
sustainability in deeper manner. Because for most of the businesses it is not easy to do. SME is
the small medium enterprises which faces some issues and challenges for not running sustainable
(Wirtenberg, Russell and Lipsky, 2017). These includes lack of financial resources, lack of time,
lack of innovation and technologies and lack of marketing. Small medium enterprises faces these
issues which reduces its market share. To overcome these challenges some of the solutions are
company should provide training to the employees to make innovations and make use of
infrastructure is done. This report covers various issues and challenges which are to be faced by
SMEs and solutions for those issues to develop the sustainable strategy and help the mangers and
owners of the SME in the organisation.
MAIN BODY
Small medium enterprises are the enterprises which exist in both manufacturing and
service sectors and they are classified on the basis of size of investment(Evans, 2016)). To build
sustainable organisations firms needs to do innovation, training and Corporate social
responsibility. This factors are considered as the most important because by this companies
profits, customers attractions increases. However, there are certain issues which is to be faced by
the them. These are discuss below:
Issues faced by the SMEs organizations
 Lack of financial resources: This is major factor or issue which is faced by small medium
enterprises. As they finds difficulty in raising money as compared to large companies
because large companies have many shareholders which provides them funds or they
purchase their shares(Li, and Hunter, 2015). Many of the banks prefers to give funds to
the large enterprises rather than small; enterprises. This is because large firms generally
have low risk and SMEs have high risk from the point of view of lenders also they do not
have proper accounting information.
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