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Business Sustainability Assignment - Premier Investments

   

Added on  2020-03-23

17 Pages2734 Words62 Views
PREMIER INVESTMENTSA Report on BusinessSustainability For PremierInvestments [Type the document subtitle]ABC

Table of Contents1.Introduction.........................................................................................................................................22.Recommendation for Business Sustainability of Premier Investments................................................23.Conclusion...........................................................................................................................................5Table 1: Business Sustainability : Key Recommendations............................................................................3

Executive SummaryBusiness Sustainability rests of three important pillars : financial soundness, environmental sustainabilityand an organization’s responsibility towards people, in side the organization and outside. This report seeks to highlight the importance of business sustainability for better business management of Premier Investments. The report makes some key recommendations towards achieving business sustainability of Premier Investments. Some of these measures include efforts to reduce energy consumption, efforts towards ethical sourcing and financial sustainability by seeking better financial bottom lines and cost cutting.

Part 1: Report on Business Sustainability for Premier Investments1.Introduction Premier Investments is not only looking at managing its operations in such a way that they are financially sustainable but must also seeks to reduce its negative impact on the society and improve its positive impact. Premier Investments aims at strengthening its bond with its customers by way of impacting the society. [ CITATION She11 \l 1033 ]Business sustainability largely encompasses three key aspects or “Triple Bottom Line” a term coined by John Elkington in 1994.[ CITATION Hin09 \l 1033 ]Financial: The economics of the firm should fall in line in such a way that investors continue to see the as a good investment and re-invest.[ CITATION Joh12 \l 1033 ] Reduction of Costs is one the key goals of remaining financially sustainable while taking advantage of every opportunity inthe market.[ CITATION Joh12 \l 1033 ]Environmental: This aspect includes creating an environmentally sustainable value chain. The environmental aspect may relate to reducing the carbon footprint of all processes in the value chain, making efforts to source environmentally sustainable products etc.Social: The social aspect relates to the impact that the Company has on the society. Social sustainability starts with creating a better environment for the employees and can be extended to having a positive impact on the different members of the society that come in touch with the business.2.Recommendation for Business Sustainability of Premier InvestmentsTable 1: Business Sustainability: Key RecommendationsDimensionObjectivePossible Performance MeasuresBusiness Sustainability1. Financial Sustainability1. Improving the revenues of the Peter Alexander, at least 5%. The expansion of the brand is likely to

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