Business Society And The Planet

This document discusses the impact of business on society and the planet. It covers topics such as biodiversity decline, intellectual capital, and stakeholder theory. Find study material and solved assignments on Desklib.

RUNNING HEAD: BUSINESS SOCIETY AND THE PLANET 0
Business Society And The Planet

BUSINESS SOCIETY AND THE PLANET 1
Table of Contents
Question- 1.................................................................................................................................2
Question- 2.................................................................................................................................2
Question- 3.................................................................................................................................2
Question- 4.................................................................................................................................3
Question- 5.................................................................................................................................3
Question- 1

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Business sector have various ways that places heavy demands on our natural
environment as when business operates in the country or any place, it consumes resources
from natural environment, provide raw materials, access to all waterways and natural air to
grow in the market share for development and there is pressure of public regards the same.
Biodiversity is continuously declining because of the changes in the methodology that
reflects species groups of biomes and terrestrial populations. When growing with the
business, the authorities from top level management use infrastructure facilities to grow and
there is use of natural environment and forest, trees, natural calamities are being depleted
continuously from time to time. Nations footprint exceeds the bio capacity that is affecting
the resources to become constrained and completion is continuously growing. A person living
on the planet is multiplying and the main level of consumption that is creating vast changes in
the environment. Around the globe, our demands on environment and world wildlife are
unsustainable and we need 1.5 earths to consume the natural resources that we are currently
using.
Question- 2
Intellectual capital is basically knowledgably group of assets that helps and an
organisation and improves competitive position by contributing values that defines
stakeholders. A value of business which is intangible and that covers human capital,
intellectual property, the values which are relating to relational capital and the last is when
employees left everything as structured capital. There are so many measures as internal
process, learning and growth, financial and customer measures they systems are needed to
implement it. The generic models of intellectual measurement as scorecards, performance
prism and knowledge based assets approach.
Human capital helps to builds skills, individual knowledge and they are composed of
several values and habits of the people in the organisation. The individual or group with high
level of experience has capabilities of influencing others. Social capital always appears in the
communities that enhances the social networks like family and neighbourhoods. The greater
the uses of social structure of capital in software companies, the higher the impact of
innovativeness. There is the third tool that enhances the innovation that accelerates the latest
development and flow of knowledge in the software and internet security development
company. When there is not practices in the companies, then its deplete the overall capacity
of intellectual capital.
Question- 3
Sensitive stakeholders are the different type of stakeholders who have different
perception and they are basically looks in to Aastha and efforts of sensitization. They always
follow different strategy and keep in mind the thought of dynamics of the communities and
conditions of local people. The main advocacy builds in advisory services, develop practical
strategies, lots of initiatives, understanding of clients landscape shifts and collaboration of
high number of stakeholders. The adaption of key strategy is followed in Interface Carpet
Company. The respondents are highly with perceived vision and brands. There long term

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commitments and main actions are mission zero, closing the loop of technical with its re-
entry, reclaims and recycles for the use of carpet. Some of the actions which are taken by
Interface Company to start Mission Zero and their actions helped the company to achieve
credibility in stakeholder’s eyes. Interface is continuously striving through more influence on
positive impact on the surrounding environment and with the programs such as Re-entry and
Net Works. So, these are some of the actions which are taken by Interface that transit for
becoming more leading in sustainable company.
Question- 4
Stakeholder theory was described by Edward Freeman; it suggests that shareholders
are one of the biggest stakeholders in the structure of the business. They are those groups
without there support the organisation would cease to exist. There are groups of local
communities, government groups and many financial institutions. In local shopping centre,
there is communication between all its stakeholders, customers, consumers and suppliers of
the retail shop for the effective business to grow with the help of stakeholders. The dynamic
needs of the customers can be access by stakeholders who have brief knowledge about the
surrounding environments.
Question- 5
A. Stake for the key parties are the person who disagree with the situations happening
around them with some period of time. There are two parties or employees in this
scenario named as George and John, the person who disagree with the situation is George
as the practices which are followed by John as manager are somehow wrong and he also
wants to involve George in this scenario.
B. George main arguments are being stucked with the strange things at his workplace.
Disappearing suddenly for sometimes to check the inventories and to update the list with
different numbers. John continuously open cash drawer of George and remove money
without telling him on numerous occasions. When he asked John, he informs that I am
dealing with returns and it is my routine procedure which I do on regular basis. John
should not do this type of unethical practical which hurts or discourage other employees
and these need to be addressed for rest of the futures.
C. The responses which address George as a manager has to be most positive and do not
check the inventories on a daily basis and listed different numbers on that for making his
own profits and losses to company. He should be more towards achieving the company
targets and goals to accomplish them. With the minor adjustments and search of sales
history, changing in the invoice numbers to perform a different cash fund. These are not
the personality traits of managers in a company. This should be concerned with more
positivity and no negativity in the company to achieve maximum goals.
D. Giving voice values with a defined response that have persuasive impact on George and
John life as:
 George – He is a positive personality with high level of capabilities in him as how he
has managed college and his part time job in night. He is stucked with his words of

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not doing anything wrong and traits of positivity in company are the reflection which
we have received from his personality.
 John- He is a manager of a company but the adaptation of his practices in the
company are wrong as he always approaches wrong habits of checking inventories
and remove money on numerous occasions.