This case study explores the sustainability initiatives and offerings of Toshiba, a Japanese multinational conglomerate. It discusses the company's environmental vision, benchmarks, and stakeholder involvement. The study also provides recommendations for managers to enhance sustainability efforts.
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Running head: MANAGEMENT STUDIES MANAGEMENT STUDIES Name of the student Name of the university Author note
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1MANAGEMENT STUDIES Part A – Reflection The sustainability of the organizations is dependent on the processes that are facilitated by the same while adhering to the requirements of the communities. In this relation, I believe that the CSR (Corporate Social Responsibilities) of an organization supports the same in adhering to thesocial,environmentalandeconomicsustenancerelateddemandsofthesame.The development of the processes and the skills of the employees support an organization in increasing the economic sustenance of the same in the competitive markets. On the other hand, the environmental measures that are considered by the businesses supported the same in adhering to the demands of gaining environmental sustenance. I believe that organizations must also focus on increasing the social conditions for enhancing the external environment where it aims to operate. The development of a list of sustainability measures will also support the organizations in adhering to the value criteriaof the operations while adhering to the common demands of the people. The diversity of operations that are facilitated by the organizations are dependent on the assessment of the market position and the capabilities of the same to bring forth modifications in theexistingprocesses.Leadershipstyleandorganizationalculturesupportthesamein continuing with the balance of the operations while adapting their processes in adherence to the demand faced by the same. I believe the manner in which a leader of an organization envisions the position of the venture influence the process flow and the design of the operations that re facilitated by the same. Again, the leadership approach that is being followed by an organization encourages the development of culture in the same.Therefore, the leadership styles and
2MANAGEMENT STUDIES approachessupportanorganizationinincreasingthesustainabilityrelatedoperationsin adherence to the demands of the stakeholders. I believe that the leaders play an important role in encouraging the involvement of the stakeholders on the modifications that are planned by the businesses. The active involvement of the stakeholders in the processes has helped the businesses in continuing with the effi8cciency of the operations. On the other hand, the plan of the processes and the design of the operations are dependent on the vision and decision making skills of the business leaders. In this relation, I believe that the development of the organizational sustenance is related to the propositions and the active involvement of the venture on different social and environmental causes for supporting the triple bottom line approach. Therefore, the organizational abilities of adhering to the triple bottom line approach have helped the same in adhering to the value criteriaof the operations in adherence to the demands of the stakeholders. Part B – Toshiba and its Sustainability Offerings Toshiba is a Japanesemultinationalconglomeratewhich isheadquarteredinTokyo, Japan. The concerned organization developed a diversified range of products and services relatingtoinformationtechnologyandcommunicationsequipmentapartfromelectronic componentsandsocial infrastructuresystems (Toshiba 2019). The concerned organization also developedconsumer electronics,household appliances,equipment and the like with the objective of encouraging the engagement of most of the target consumers. The sustainability goals of the organization are reliant on the Environmental Vision 2050, which is aimed at developing eco- efficient processes through the utilization of The Energy Approach and the Eco Products Approach (Toshiba.co.jp 2019).
3MANAGEMENT STUDIES VeríssimoandLacerda(2015)opinedthatthesustainabilityapproachesofthe organization assisted the same in developing the propositions while operating in the different markets. The approaches that are commenced by the organization not only supported the same in developing the processes in adherence to the environmental considerations but also relative to the enhancement of customer value. It has been noted that Toshiba decreased its climate footprint from 3.060 million tons in 2013 to 3.020 million tons in 2015 (Toshiba.co.jp 2019). On the other hand, the concerned organization also planned to minimize the rate of carbon emissions by 50% within the year 2050 (Toshiba 2019).The concerned organization generates renewable energy for the different operations that are commenced by the same while operating in the different markets. In this relation, the development of the different sustenance related operations has enabled the venture in maintaining the synergy between the operations and the services. The different strategies that are undertaken by the organization assisted the same in developing the potentials of the same while operating in the different markets. The key modifications that are commenced by the venture have supported the same in developing sustainable propositions while developing the sustenance related activities. Jonesand Mucha (2014) opined that the sustenance related activities that are commenced by the organizations supports the same indeveloping the prospects of growth in the diverse markets. Therefore, in this relation, the concerned organization developed the operations in adherence to the sustenance related goals of the same. It has assisted the venture in developing the prospects of the venture while enhancing the efficiency of the operations.
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4MANAGEMENT STUDIES Part B – Relevant literature Haighand Hoffman (2014) stated that the development of sustenance related culture in anorganizationsupportthesameinincreasingthemarketpositionofthesame.The modifications that are facilitatedby the organizations have helped the same in increasing the brand image while adhering to the triple bottom line approach (Jones and Mucha 2014). In this relation, Junior, Bestand Cotter (2014) noted that the design of the CSR activities that are planned by the businesses are dependent on the assessment of the market situation. The assessment of the market situation supports an organization in identifying the positive changes that might be facilitatedby the same (Silviusand Schipper2014). The development of the different activities has helped the organizations in increasing a positive sustenance related culture while operating in div4erse global economies. Galpin, Whitttington and Bell (2015) stated that economic stability and sustenance supports the same in continuing with the value of the operations. The economic sustainability of an organization supports the demands of the same in increasing and strengthening the R&D operations of the same. The development of the R&D operations of the business has supported the same in increasing the value of the operations in adherence to the demands of the business. Boiraland Henri (2017) stated that the development of the economic capability of an organization support the same in diversifying the offerings in adherenceto the demands of the customers.,Therefore,theeconomicsustenanceofanorganizationsupportthesamein increasing a competitive edge against the other players in the market. On the contrary, Adams et al. (2016) noted that the social sustenance of an organization through different reliefs and funds supports a business in increasing brand reputation and adhering to the CSR related demands of the same. The contributions that are made by the corporations for the social wellbeing of the
5MANAGEMENT STUDIES people are dependent on the grants and charitable funding (Pérez‐López,Moreno‐Romero and Barkemeyer2015). Again, the diverse range of control mechanisms that are facilitatedby the corporations in adherenceto environmental regulations has supported the same in continuing with the stability of the operations. Nawazand Koc (2018) stated that the environmental concerns are rising and the maximization of awareness among the people has supported the organizations in adhering to the value criteriaof the operations in adherence to the demands of the business. The diverse range of operations that are facilitatedby the organizations supported the same in increasing the sustainability of the operations while adhering to the growing concerns related to environmental degradation. Therefore, the adherence to the triple bottom line approach of an organization supports the same in increasing the capabilities and sustainability of businesses. Part B – The chosen company’s Sustainability Stakeholders The stakeholders of the concerned organization,Toshiba,are theinvestors,employees, other organizations, customers,andgovernment. The interconnectedness of the stakeholders of the business supported the venture in adhering to the value criteriaof the propositions Toshiba.co.jp2019).Theconcernedorganizationgathersdataonthediverserangeof sustainability based operations that are initiated by the industry with the objective of optimizing the operations of the same (Tschoppand Huefner2015). On the other hand, the organization initiated different developments in the line of production and manufacturing systems with the objective of enhancing the rate of environmental and economic sustenance. On the other hand, the investors supported the concerned organization in increasing the valueof the operations through capital expenditures (Veríssimo and Lacerda 2015).
6MANAGEMENT STUDIES The extended support of the employees has supported the organization in increasing the value of the operations in adherence to the objectives and mission of the organization. The other organizations played a major role while supporting the revenue streams of the concerned organizationwhilebuyingthesustainabletechnologiesthataredesignedbytheventure (Petrenko et al. 2016). The integrated functioning of the stakeholders supported the organization in balancing the operations related to demand of sustenance related operations while improving the design of the offerings. On the other hand, the collaborative functioning of the stakeholders supported the concerned organization in increasing the value of the operations in adherence to the demands of the venture. Part B – Sustainability Benchmark The sustainability of the organization will be based on the excellence of the propositions while adhering to the sustenance related objectives of the same. The enhancement in the operations and processes that are designed by the organization are dependent on the benchmarks that are created by the venture (Chaudhri 2016). The major benchmark that is being designed by the concerned organization is to provide their stakeholders with sustainable value for the money that is being invested by the same on the progress of the venture (Toshiba.co.jp 2019). On the other hand, the major sustenance related benchmark of the concerned organization is based on the needs of the same in minimizing the rate of climate footprints from the operations. The Environmental Vision 2050 aimed at minimizing the rate of climate footprint by 50% which is one of the major benchmarks that are being followed by the organization for measuring the effectiveness of the sustainable operations (Toshiba 2019). The benchmark has helped the organization in increasing relevant skills among the candidates for enhancing their rate of productivity while operating in different sustainable environments.
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7MANAGEMENT STUDIES The organization took steps to evaluate the sustenance based demands of the other organizations and community in the region for enhancing the rate of sustainable design of the offerings (Overall2016). The organization created benchmarks based on the evolution of the new technologies and the evolving demands of the other organizations, which has helped the same in facilitating a continuous learning process (Tataand Prasad2015). The continuous learning process has helped the organization in increasing the skills and personality of the employees in adherence to the common standards. Figure 1: Sustainability operations in Toshiba (Source:Toshiba 2019) The development of the benchmarking process has helped the organization in setting heightened targets while designing the operations of the same in adherence to the expectations of
8MANAGEMENT STUDIES sustenance standards. On the other hand, the development of the benchmarking processes has supportedToshibainincreasingthevalueofthepropositionswhileadheringtothe environmental sustenance related activities (Abreu,Cunhaand Barlow2015). Again, the benchmarking process supported the concerned organization in increasing the propositions in adherence to the sustainability demands of the same while minimizing the rate of climate footprints. Figure 2: Environmental vision 2050 OF Toshiba (Source:Toshiba 2019)
9MANAGEMENT STUDIES Figure 3: Activities that are undertaken by Toshiba for sustenance (Source:Toshiba 2019)
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10MANAGEMENT STUDIES 59%23% 10% 9% Sustainability operati ons in Toshiba Renewable energy Lower emission Multiple technologies Frequent upgradations Graph: Current state of sustenance in Toshiba (Source: As created by author) Part B – Recommendations for Managers The diverse range of recommended actions that might be considered by the managers are: Maximizingcollaborationwiththeotherorganizations-Maximizationof collaboration with the other organizations will support the concerned organization in enhancing the scope for better market expansions. Appropriate design of the operations will support the organization in adhering to the sustenance related concerns through the inclusion of more sustenance related mechanisms in the process. On the other hand, the maximization of collaboration with the other organizations will support the organization in diversifying the revenue streams while operating in multiple regions. Chaudhri (2016) stated that the themaximized collaboration among the other organizations supports an
11MANAGEMENT STUDIES organization in increasing the successive operations while adhering to the sustenance related demands of the business. On the other hand, greater contacts with the other organizations will be supporting the concerned organization in enhancing the scope of operations and providing better propositions through outsourcing. Increasing the existing training and development programs- The development of the existing training courses will be supporting the organization in enhancing the rate of productivity among the employeeswhile not compromising the sustenance related concernsof thesame.Thedesignofthetrainingcourseswillberelianton the technological infusions that are planned by the venture while supporting the concerned organization in enhancing the processes in adherence to the modifications in the market. Designing new technologies in order to meet the sustainable goals- Designing new technologies will be supporting the concerned organization in adhering to the sustenance goals of minimizing the rate of climate footprints.The updated skills of the employees andtheutilizationofemissionfreetechnologieswillbesupportingToshibain maximizing the rate of sustainable operations of the venture. Conclusion Therefore, from the above analysis it might be stated that the concerned organization has taken steps to support the economic and social sustainability through the development of appropriate sustainable mechanisms with the goal of reducing the impact of climate footprints from the diverse range of processes that are commenced by the venture. On the other hand, the concerned organization has also taken steps to develop powerful collaborations with the other organizations in order to enhance the rate of revenue streams of the same. However, the research
12MANAGEMENT STUDIES also enumerated a series of recommended activities that might be considered by the managers of the organization with the aim of enhancing the operations of Toshiba. References Abreu,M.C.S.D.,Cunha,L.T.D.andBarlow,C.Y.,2015.Institutionaldynamicsand organizations affecting the adoption of sustainable development in the U nited K ingdom and B razil.Business Ethics: A European Review,24(1), pp.73-90. Adams, R., Jeanrenaud, S., Bessant, J., Denyer, D. and Overy, P., 2016. Sustainability‐oriented innovation: A systematic review.International Journal of Management Reviews,18(2), pp.180- 205. Boiral, O. and Henri, J.F., 2017. Is sustainability performance comparable? A study of GRI reports of mining organizations.Business & Society,56(2), pp.283-317. Chaudhri,V.,2016.Corporatesocialresponsibilityandthecommunicationimperative: Perspectives from CSR managers.International Journal of Business Communication,53(4), pp.419-442. Galpin, T., Whitttington, J.L. and Bell, G., 2015. Is your sustainability strategy sustainable? Creating a culture of sustainability.Corporate Governance,15(1), pp.1-17. Haigh, N. and Hoffman, A.J., 2014. The new heretics: Hybrid organizations and the challenges they present to corporate sustainability.Organization & Environment,27(3), pp.223-241.
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13MANAGEMENT STUDIES Jones,K.R.andMucha,L.,2014.Sustainabilityassessmentandreportingfornonprofit organizations: Accountability “for the public good”.VOLUNTAS: International Journal of Voluntary and Nonprofit Organizations,25(6), pp.1465-1482. Junior, R.M., Best, P.J. and Cotter, J., 2014. Sustainability reporting and assurance: a historical analysis on a world-wide phenomenon.Journal of Business Ethics,120(1), pp.1-11. Nawaz, W. and Koc, M., 2018. Development of a systematic framework for sustainability management of organizations.Journal of cleaner production,171, pp.1255-1274. Overall, J., 2016. Unethical behavior in organizations: empirical findings that challenge CSR and egoism theory.Business Ethics: A European Review,25(2), pp.113-127. Pérez‐López, D., Moreno‐Romero, A. and Barkemeyer, R., 2015. Exploring the relationship between sustainability reporting and sustainability management practices.Business Strategy and the Environment,24(8), pp.720-734. Petrenko, O.V., Aime, F., Ridge, J. and Hill, A., 2016. Corporate social responsibility or CEO narcissism?CSRmotivationsandorganizationalperformance.StrategicManagement Journal,37(2), pp.262-279. Silvius, A.G. and Schipper, R.P., 2014. Sustainability in project management competencies: analyzingthecompetencegapofprojectmanagers.JournalofHumanResourceand Sustainability Studies,2(02), p.40. Tata,J.andPrasad,S.,2015.CSRcommunication:Animpressionmanagement perspective.Journal of Business Ethics,132(4), pp.765-778.
14MANAGEMENT STUDIES Toshiba., 2019. [online] Support.dynabook.com. Available at: https://support.dynabook.com/ [Accessed 12 Jun. 2019]. Toshiba.co.jp.,2019.Toshiba:Environment.[online]Toshiba.co.jp.Availableat: https://www.toshiba.co.jp/env/en/ [Accessed 12 Jun. 2019]. Tschopp, D. and Huefner, R.J., 2015. Comparing the evolution of CSR reporting to that of financial reporting.Journal of Business Ethics,127(3), pp.565-577. Veríssimo,J.M.andLacerda,T.M.,2015.DoesintegritymatterforCSRpracticein organizations? The mediating role of transformational leadership.Business Ethics: A European Review,24(1), pp.34-51.
15MANAGEMENT STUDIES Appendix from Seminar Diary Notes 1. Renewable energy in UK It has been reported that the UK government and other environmental protection agencies and pollution control bureaus have actively participated in increasing wind and solar power channels in UK with the aim of increasing a zero fuel emission zone by 2050. The nation already implemented ULEZ (Ultra Low Emission Zone) in most of the regions. The nation has already shifted to the solar and wind powered energies for generating electricity. The transition of the nation has helped the same in minimizing the rate of pollution in the same. Again, the utilization of the renewable sources of energy has helped the nation in minimizing the rate of fossil fuel reliance of the same. The households are specifically installed with solar powered devices. The development of the ULEZ related regulations has helped the UK government in reducing emissions and rate of pollution. 2. Evaluation of a label Symbiois an organic commodity manufacturer, which proclaims that the company uses 100% natural and organic raw materials for increasing the products while adhering to the demands of the customers. On the other hand, the concerned organization also proclaims that it provides fresh products at a lower cost. The label clearly delineated the value of consuming the symbio yoghurt, which is organic and is developed through the utilization of high quality materials. The green mechanisms that are being reflected through the label has enabled the organization in drawing the attention of the target customers towards their propositions. The label clearly enumerate the standards that are followed by the business with the purpose of ensuring quality propositions to the customers.
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16MANAGEMENT STUDIES Figure: Symbio label 3. Sources of saving energy at home and neighborhood I moved around my home and I realized that my parents have completely moved to a ‘go green’ concept. Two weeks ago, we got one solar panel installed at our home, which had the capability of providing the basic demands relating to power. On the other hand, when I took a walk back home from my university, I noticed that most of the homes in our neighborhood invested on the solar panels with the view of minimizing their dependence on the non renewable sources of energy. It was motivating for us to inspect such a change in the neighborhood, which insisted on the utilization of sustainable measures. The adoption of the renewable sources of energy has helped the community in downsizing the effects of pollution. 4. Clean vehicles charging infrastructure in London
17MANAGEMENT STUDIES The clean vehicles charging stations were found in the major parts of London like Edgware, Wembley and a location near Enfield. The development of the clean vehicle charging stations in the area has helped in encouraging the commoners to adopt the utilization of the EVs. The adoption of the EVs in the region has helped in minimizing the rate of harmful emissions. On the other hand, the establishment of the charging stations in the convenient locations has helped in supporting the adaptation based demands of the consumers. Figure: Clean vehicles charging infrastructure in London 5. Easy accessibility of cars The easy accessibility of the EVs has helped the consumers in adopting the green technologies more efficiently in different boroughs of London. The easy accessibility to the cars has helped the UK government in continuing with the efficiency of environmental conservation and protection related regulations. The availability of cars like Vauxhall Viva and Volvo XC40 has supported the older people in adopting the EV cars. 6. Green technology in UK In the year 2009,PodPointlaunched EVs and charging stations in the different locations under the influence of 38-year-old social entrepreneur Erik Fairbairn.On the other hand, the
18MANAGEMENT STUDIES Plan 2050 by UK aimed at increasing a zero emission zone, which has facilitated the growth of different startups likePodPoint. It helped in increasing the resources of the UK governmentin adhering to the value criteriaof the green technologies while operating on the EVs. The induction of the green technologies in UK has helped the government in supporting the environmental sustainability related concerns.The diverse methods that are undertaken by the organizations are dependent on the regulations that are developed by the government.