Innovation and the Sustainable Organisation : PDF
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Added on 2021-06-16
Innovation and the Sustainable Organisation : PDF
Added on 2021-06-16
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Running head: INNOVATION AND THE SUSTAINABLE ORGANISATIONINNOVATION AND THE SUSTAINABLE ORGANISATIONName of the studentName of the universityAuthor note
1INNOVATION AND THE SUSTAINABLE ORGANISATIONTable of ContentsReflection.........................................................................................................................................2Bond and its Sustainability Offerings..............................................................................................3Relevant literature............................................................................................................................5The chosen company’s Sustainability Stakeholders........................................................................6Sustainability Benchmark................................................................................................................7Recommendations for Managers.....................................................................................................8Conclusions......................................................................................................................................9Appendix from Seminar Diary Notes............................................................................................10References......................................................................................................................................12
2INNOVATION AND THE SUSTAINABLE ORGANISATIONReflection Innovations in the organizations assist the same in gaining a competitive advantage overthe existing players. Continuous learning assists an organization in initiating the innovativeprocesses while holding on to the changing trends. The continuous learning mechanisms of anorganization through the utilization of Big Data analytics and market assessments assist the samein initiating the operations while holding on to the demand of the customers. On the contrary, Ibelieve that the CSR activities that are commencedby an organization in holding on to the triplebottom line approach of economic, social and environmental needs. I believe that thedevelopment of different activities and processes that are considered by the organization aredependent on the market assessment of the demand for the same. During the research evaluation I found that the assessment of the major trends in theindustry assists an organization in initiating the sustainable operations with the aim of gaining acompetitive edge in the markets. Continuous learning assists an organization in initiating theresources with the aim of enhancing the effectiveness of the operations in adherence to thedemand of the customers. The economic sustenance of an organization assists the same incontinuing with the operations of the same through enhanced profitability. I believe economicsustenance of an organization assist the same in initiating the competitive edge while retainingthe loyalty and trust of the consumers on the brand. The enhancement of the economicsustainability factors assist an organization in initiating the operations that are commencedby thesame for keeping up with the uninterrupted functioning of the same. The environmental factors, according to me, assist an organization in initiating itsresources and guiding the process designs towards green approaches. Again I believe that the
3INNOVATION AND THE SUSTAINABLE ORGANISATIONenvironmental sustenance related activities of an organization supports the enhancement of thebrand image related needs of the same. The adherence to the regulations that are developed bythe environment protection agencies assist the same in keeping up with the effectiveness of theoperations in adherence to the sustenance related needs of the venture. On the contrary, I believethat an organization operates in social scenario where empowerment to the consumers andenhancement in the lifestyle will assist an organization in initiating mutual benefits for theorganization and the community stakeholders. The enhanced affordability of the communitystakeholders will assist an organization in locating potential buyers for the products and services.On the contrary, the social structure is benefitted through the operations that are commencedbythe organization. Therefore, I believe that the sustainable operations that are commencedby theorganizations assist the same in retaining their brand for a longer time in the markets. On thebenefits that are gathered by the organizations and the communities assist in initiating thebalance of interests. Bond and its Sustainability Offerings The concerned organization, Bond, is a UK membership body which is being establishedfor the NGOs who are working with the motto of international development. The Organizationwas established in the year 1993 and is currently holding 400 members (Bond 2019). Theventurehas taken the initiative of uniting over 400 civil society organizations for influencing thepolicies and practices that are commenced by governments and institutions in UK, EU and othernations of the world. The ventureundertakes funding practices in order to support the activitiesthat are planned by the NGOs all around the world (Bond 2019). The vision of the ventureis todevelop a world where justice and equality will prevail. The venturehas also taken steps tocollaborate with different NGOs with the aim of reducing the rate of poverty. The organization
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