Environmental Sustainability: Positive and Negative Impact on Companies
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This report covers the positive and negative impact of the environment sustainability on the companies. It also includes reflective writing and personal development plan.
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ENVIRONMENTAL SUSTAINABLITY
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TABLE OF CONTENTS TASK 1............................................................................................................................................3 INTRODUCTION...........................................................................................................................3 MAIN BODY...................................................................................................................................3 Positive effect of the environmental sustainability on companies:.............................................3 Negative impact of environmental sustainability on companies:...............................................4 CONCLUSION................................................................................................................................5 TASK 2............................................................................................................................................5 Reflective writing:.......................................................................................................................6 TASK 3............................................................................................................................................7 REFERENCES................................................................................................................................9
TASK 1 INTRODUCTION Environmentalsustainabilitydefineastherelationwiththeenvironmenttoreducethe consumption of natural resources to improve the long term quality of the atmosphere (Rahman and Zhang, 2018).The major issues associated with this is it affects the longer productivity of the health, it is advised to the businesses to reduce their consumption of resources so that it can be preserved for the future generation. Climate change another issue which can affect the economy, it mainly comprises with the global issues which can be impact the whole ecological system. This report covers the positive and negative impact of the environment sustainability on the companies. MAIN BODY Positive effect of the environmental sustainability on companies: It is important for the businesses to add sustainability factor as social, environmental or economical factor in their strategic plan. It enables them to meet their sustainable goals as well as promote the growth in economy. Meeting the sustainability means the maintaining the health and bio physicality of the environment (Jaca and et.al 2018). Through which the company can enter into the society by conducting the social event which aims to provide the employment to the communal people for their personal growth as well as for the development of the society. For an example if Tesco, Sainsbury, Mark and Spencer or other company can take the advantage to add sustainability factor in their organizational strategy (Walsh and Dodds, 2017).It will enable them to socialize with the community people for their brand promotion as well as for the economic growth. For the sustainability companies can approach to use the sustainable resources as wind, solar energy for their operational task. To reduce the use of plastic and hard material for packaging also proceed to use the recycled resources which also benefits their finance related functionalities (Nguyen and Su,2021). Therefore, environmental sustainability provide major benefit in the business as customer always demands for the product which is organic so it will
enable the companies to follow this route to achieve their goals (Hysa and et.al 2020). It is suggested to the companies to reduce their environmental impact to improve their business sustainability. It also gives the competitive advantage to the organization, by effectively dealing with the rising costs due to the changes in climate, it will also develop the long term growth for their business. Therefore, Tesco, Mark and Spencer or other industries can take the advantage of implementing the sustainability in their business (Danso and et.al 2020). Negative impact of environmental sustainability on companies: The main negative impact can be the expensive raw materials, by adapting sustainability can be beneficial for the society or for economy but it negatively impacts on the finance resources of the company (Bastas and Liyanage,2019). It is difficult to foster the Eco-friendly changes especially for the company if their work is demanding in such case it is nearly impossible for them to improve their ecological footprints. Required additional investment: As to proceed with environmental sustainability organizations need to invest on other resources which can affect their whole budget. As installing solar panels required some sort of money also for other devices required maintenance as well as it requires the large initial investment. Organic products are often expensive, as these are very beneficial for the health, but they are very expensive (Ragazzi and Ghidini, 2017). Other drawback of the environmental sustainability can be what if company invest on organic raw materials to design their product but customer deny to make investment as those product are not available in affordable price (Breuer and et.al 2018). Time consuming: Installing bio friendly devices' consumer more time it requires more efforts what if the company requires fast operation, then it should be loss in their productivity. For the companies like Tesco, Sainsbury, Morrison their products are in demand therefore they invest on sustainability what if the crises arise, and they are not able to make investment for the bio friendly product. In such case it is lost in their revenues (Laukkanen and Tura, 2020).
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CONCLUSION From the above report it is concluded that the environmental sustainability have major impact on the human lives or ecosystem. As well as for the businesses' perspective it is important. This report illustrated the environmental sustainability issues along with its positive and negative impact on the businesses. The recommendation can be made as companies need to reduce their excessive consumption of resources to protect it for the future generation. They can proceed to adapt going green approach to reduce the carbon footprints in the atmosphere, or to adapt the recycled product or to implement the green bio friendly devices to achieve the sustainable goals. Going green can enable them to add competitive advantage in their work which is beneficial for the company's business. TASK 2 INTRODUCTION: Reflective writing is the analytical practices which allows the individual to know about their strength and weakness (Williams, Woolliams and Spiro, 2020). It helps to explain the real or virtual things, self reflection enable to improve the weakness area or to learn from the experience for the better performance. This report describes the reflective writing, and personal development plan. Reflective writing: As per the module I have learned the as how the sustainability is important to achieve the goals. My perception about the sustainability in the business is essential to gain the good market position. I learn as how to adapt the changes fast for the better career, as to learn the things in depth can allow to make the prediction on it which is helpful for carrying out any task effectively. As environmental sustainability is very important I understand the whole concept for my betterment it enables me to design the sustainable goals to proceed with or I have learned the importance of sustainability (Ullmann,2017). Therefore, from now I will try to do possible things which is not harmful for the nature environment. Strategic management is the important
task which I have learnt it gives me the analysation as I am able to take the good decision for the implementation of the strategy. Decision making is the skills which I need to work on for better futuristic decisions. I also go through the time management skills as to manage the work effectively which helps t complete the task on time. Importance of learning: Knowledge is very important to deal with any kind of circumstances, benefit of learning enables the person to possess the required or essential knowledge to achieve the goals. The main aspect of the learning process as it makes me able to develop or improve the skills for my successful career. Learning new things is the good process as it is good for the brain activities which can help to make improvement in the cognitive functionalities. From my perception it is good for focusing on new things as it activate the brain which is helpful for adapting the things fast (MacArthur, Koley and Wengel, 2021). As from the module I have learned lot of good things as the benefit of the environmental sustainability as it helps me to set my desire goals or to allow me to take good action on environmental consideration. During the learning process I have always attentive and focused which increase my concentration level and also from this I am able to understand the topic rapidly. Also during the lecture I worked in a team where me and my team-mates shares the opinion which helps us to complete the project. I learn about the leadership skills as to manage the team, during the project work one team-mate of our team was not feeling comfortable then I help him out to make him understood about the topic which can consider as good component of the leadership skills. Through this I deliver my message without hesitation to my team as before I always feel that if I have made any mistake than other can make fun of me. As in learning process tutor allowed me to share my doubts they also motivated me to speak in front of everyone. Most of the time in debate activity I take part but I always hesitate to speak, this is the area which is need to be improved. TASK 3 Personal development plan: SkillsActionFuture implications Communication skillsActionsforpossessinggood communicationskillsareto It is the most important skills whichisbeneficialforthe
effectivelylisten,theperson whomIcommunicateis matters,reframingthe sentences before speaking, be briefandspecificwiththe words. career. In the interview process the first impression is always created by the communication skills, it also helps me to easily share my views on anything. Problem solving skillsCreativity, team working, good knowledge to assess the risk management,itrequiredthe mentallyandanalytical thinkingwhichimprovesthe waytoseethetaskandto prepare the necessity approach to solve any problem (Heron and Corradini, 2020). Inthecareeritwillbe beneficial to solve any critical problem, or enable to make the decisions in down situation. Leadership SkillsTopracticedisciplineisthe major action required for the good leadership, as it makes goal oriented which helps me toencourageteammatesto achieve the goals. It gives the greater confidence as well as boosting the inner self,italsoenhancethe communicationand negotiationskillswhichis required in the work. Decision making skills For the decision making skills the suitable action can be to writedownthealternatives thoughts which helps to make Future implications can be to make effective decision in a criticalsituationforthe company.
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thedecision,alsobrain activities as playing chess or othergameswhichhelpsto increase the thinking power. REFERENCES Books and Journals Bastas, A. and Liyanage, K., 2019. Integrated quality and supply chain management business diagnosticsfor organizationalsustainabilityimprovement.SustainableProductionand Consumption. 17. pp.11-30. Breuer, H. and et.al2018. Sustainability-oriented business model development: Principles, criteria and tools.International Journal of Entrepreneurial Venturing.10(2). pp.256-286. Danso, A. and et.al 2020. Stakeholder integration, environmental sustainability orientation and financial performance.Journal of business research.119. pp.652-662.
Heron, M. and Corradini, E., 2020. A genre-based study of professional reflective writing in higher education.Teaching in Higher Education, pp.1-13. Hysa, E. and et.al 2020. Circular economy innovation and environmental sustainability impact oneconomicgrowth:Anintegratedmodelforsustainable development.Sustainability.12(12). p.4831. Jaca, C. and et.al 2018. What should consumer organizations do to drive environmental sustainability?.Journal of Cleaner Production.181. pp.201-208. Laukkanen, M. and Tura, N., 2020. The potential of sharing economy business models for sustainable value creation.Journal of Cleaner production.253. p.120004. MacArthur, K.R., Koley, J. and Wengel, S.P., 2021. Student Perceptions of a Reflective Writing- basedWellnessCourse:“GoodinTheory,But...”.MedicalScienceEducator.31(3). pp.1043-1051. Nguyen,C.P.andSu,T.D.,2021.Tourism,institutionalquality,andenvironmental sustainability.Sustainable Production and Consumption.28. pp.786-801. Ragazzi, M. and Ghidini, F., 2017. Environmental sustainability of universities: critical analysis of a green ranking.Energy Procedia.119. pp.111-120. Rahman, K.M. and Zhang, D., 2018. Effects of fertilizer broadcasting on the excessive use of inorganic fertilizers and environmental sustainability.Sustainability.10(3). p.759. Ullmann, T.D., 2017, March. Reflective writing analytics: Empirically determined keywords of written reflection. InProceedings of the Seventh International Learning Analytics & Knowledge Conference(pp. 163-167). Walsh,P.R. andDodds,R., 2017.Measuringthechoiceof environmentalsustainability strategiesincreatingacompetitiveadvantage.BusinessStrategyandthe Environment.26(5). pp.672-687. Williams, K., Woolliams, M. and Spiro, J., 2020.Reflective writing. Red Globe Press.