KEDCO Plc’s Approach in Profit Making : Report

Added on - 22 Jul 2020

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INNOVATION
Table of ContentsPART A...........................................................................................................................................1Reflection.....................................................................................................................................1PART B............................................................................................................................................1S2 What is KEDCO PLC’s approach in profit Making?.............................................................1S3 Literature for sustainability to pursue its offerings.................................................................2S4 What are Stake Holders of Company?....................................................................................3S5 Sustainability Bench Mark.....................................................................................................4S6 Recommendations for Managers............................................................................................8REFERENCES................................................................................................................................9APPENDIX................................................................................................................................11
PART AReflectionThere are many issues that a person faces in their life which affects sustainability ofhuman beings. At my workplace there are many task that can be attained by be but as per myskills I was not able in attaining then it was a question mark on my sustainability as employee ofan organisation then various improvements are there that I made in me like enactment ofanalytical skills that made me able in understanding complex situation so that I because capablein comprehending complex situations and in dealing with them. Other problem that was faced byme were I was very scared in handling new technologies and in KEDCO technologies employeeshave to aware about all aspects that are related with technologies so in order to enhance all skillsfor adopting technological environment it is required from me that I should work upon skillenhancement(Rohrbeck, Konnertz and Knab, 2013). I faced sustainability challenges in my lifewhen I was learning driving and then I learnt how to survive in critical situations. In this context,it is clear that sustainability should be good and to maintain this skills should be learn and alsobring updates in that. This type of behaviour is able in enhancing qualities of a person.PART BS2 What is KEDCO PLC’s approach in profit Making?KEDCO PLC is a bioscience energy company that is operating its business operations in UK andIreland. Full form of KEDCO is Kano Electricity Distribution Com. This firm was established in2005 in order to provide solution of biometric wastage. Main services that are providing by thisfirm is power distribution among house holds and business.Most commonly thing that applicable in each and every business that is business modeland Definition of this term is how an association is doing there businesses are making their profitbecause generation of benefits could not be achieved without sustainability. There is model thatis applicable in KEDCO PLC and described as beneath:Business Model Innovation for SustainabilityThis approach defines that business model is a concept that tells how a firm does businessin corporation and how a venture is creating, delivering and capturing value. Main motto ofKEDCO is to save environment by producing bioscience products. To sustain in marketplaceassociation is using this model in order to provide information to society that what are they doingand how their business model is efficient in comparison of other industries(Dossa and Kaeufer,1
2014). For doing this type of popularising activity, company is taking advantage of positiveinnovation which is a process of making business activities eco-friendly so that climate could notget hamper.In the search for greater adaptive capacity and sustainable ways of doing business,novelty, creativity and positive innovation are bound to play a crucial role. Sustainabilityinnovation is defined as novelty not only in technology but also in business operations,processes, practices and business models. Researcher have their own view regardingsustainability innovation which is divided into three parts named as one is organizational, inter-organizational and last is societal levels. There are some challenges that are facing and fought byKEDCO which are explained as beneath:Triple Bottom Line: Creation of profit along with taking care of environmental benefitsand balance between both are a challenge to association.Mind Set:A business should convey all its missions and visions so that workers shouldwork in that context in which they take care environment and always should know howthings get to be done.Technology Innovation:Emerging of integrating technology along with clean techniqueswith business model is a complicated task.S3 Literature for sustainability to pursue its offeringsAccording to(Smith and Raven, 2012)There is no alternative that could replacesustainable development in order to maintain offerings of company. KEDCO is a firm which isoperating its business operations in green technologies products and are also running activitieswhich are associated with corporate social responsibilities. This is a fact that makes brand imageof firm and able in managing customer retention for longer period of time.As stated by(Mieg and Töpfer, 2013)There are many executives whom are capability tohandle and retaliater on change that are occurring in business environment. In context to greentechnology products, KEDCO is quite efficient and effectively making profit by selling itsproducts and services. Main reason behind higher amount of sale is continuous innovation andimprovisation in technologies that are able in meeting all demands of society and environmentalong with having ability of maintaining balance between profit making and taking care ofenvironment.2
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