Contemporary Management Issues - Assignment
Added on 2021-01-02
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CONTEMPORARYMANAGEMENTISSUES
Table of ContentsINTRODUCTION...........................................................................................................................1Triple bottom-line of sustainability:.......................................................................................1Sustainability of organizations in term of economic, social and environmental and its relationto stakeholders........................................................................................................................2Concept of corporate social responsibilities-........................................................................5Corporate social responsibilities applying the four part model of CSR:................................6Relevant examples-................................................................................................................7CONCLUSION................................................................................................................................8REFERENCE ..................................................................................................................................9
INTRODUCTIONContemporary Management is collection of research paper. it includes organizing,leading, planning and controlling operations to achieve company goals. Corporate socialresponsibility is referred to social practices, economic and environmental criteria and actions. In this report, Orredoo Oman manages their corporate sustainability and corporate socialresponsibility (Cherry and Jacob, 2016). It report will define the triple bottomline ofsustainability and critical evaluation of social, environmental perspectives in relation to itsstakeholder and concept of corporate social responsibility. It also includes the company’s CSRmodel with its relevant examples.Triple bottom-line of sustainability:Triple bottom line is concept of accounting which includes three parts such asenvironmental, social and financial; Orredo Oman is a telecommunication company whichadopts mainly TBL framework. The main impact of bottom-line sustainability in Orredo Omanthis determines sustainability of the organization and its functions. TBL focus on companyfinancial, environmental and social responsibilities. TBL also measure company socialresponsibility and economic value and environmental impacts. mainly the TBL mostly focus ontheir sustainability and all the responsibility of the company (Colbert and et.al., 2015). In thetelecommunication organization TBL help to understand customers social, economic andenvironmental impacts. It also helps to understand social corporate responsibilities of thecompany. There are three Ps of triple bootom line which helps to maintain sustainability of anyorganizations-People- In this Oreedo Oman follows the Tripal bootom line path of doing business, thinabout the impact their actions, and also involve people like in organization they have theysupplying their products and everything is in considerations. In other hand “people”bottom line can also include the community where the organizations doing business(Moutinho and Vargas-Sanchez, eds., 2018).Planet- In this Orredo Oman defines the bottom line of company take pains to reduce oreliminate the ecological footprint. This Ps also defines the profit in long term, but it notabout the money bout the entire lief cycle of their actions and defines the true cost of thecompany.1
Profit- This bottom line define the Orredo Oman shared their financial bottom linewhether company using or not. It's all about the looking profit from the company.There three minor pillars of sustainability-The Environmental pillar- In this Orredo Oman mainly focus on their products likemobile and wife service and telecommunication service. Orredo mainly focus thatcustomers are had to adopt their service and focus on their new development plan(Moutinho and Vargas-Sanchez, eds., 2018). For example supplying products andpackaging etc.The social pillar- In this Orrredo Oman defines the social pillar understand the companysocial responsibilities to the stakeholders, employees and securing and maintainingsupports. Economic pillar- In this Orredo Oman defines the economic responsibilities towardsorganizations. It also defines business feel they are on firm ground. Moreover, businessmust going to profitable and it’s also define the profit at any cost and its includecompliance, risk management, proper governance etc.Sustainability of organizations in term of economic, social and environmental and its relation tostakeholdersSustainability is defined as the procedures which maintained certain rates or labels oforganizations and make stability in the business. Property also defined as the developmentprocess which helps to understand the factors affects to the business and how to make stabilityon that. In organizations, the most three factors that affects most to the organizations. Thosefactors most impacts on Orredo Oman business like economic sustainability, socialsustainability, environmental sustainability (Magistro and et.al , 2016). The main concept ofsustainability is maintained the cost, employees, stakeholders and products of the organizationsand their stability in the organizations. Environmental Sustainability- In this Orredo Oman understand their environmentaldefine the environmental stability in organization like employees are maintained theirgood relations to others and company CEO also define the stability in the business. Thecorporate social also maintain the sustainability in the organizations.Social Sustainability-In this the Orredo understand the social factor effects on theirorganization to various platform like social media, advertisement etc. each of the source2
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