Case Study on Sustainability Program
Added on 2019-11-26
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Money Matters 1MONEY MATTERSStudent’s Name:Course:Professor’s Name:Institution:Date:
Money Matters 2Question 1BackgroundMy company has a formal sustainability program. Sustainability programs in any organization are majorly consisted of the capability and performance and how it is managed by the managers and how its measure. Sustainability will involve the initiatives that the leaders or the managers in the organization tends to decide and implement so as the company or the organization do not reduce its performance. A formal sustainability program ensures that the company is in a position to progress in development and achieve the market expectations (Scandelius and Cohen, 2016, p.166). The program also promotes in getting profits and go beyond Cost–volume–profit (CVP) on the financial ground. Sustainable development however, will also deal with the ethical issues in the organization and the company. It is because of how the management policies are set. Do they humiliate the workers, do they endanger the environment and the ecosystem? The products of environment are to be left unharmed in the formal sustainable development.Sustainability program for Harvey Norman Holdings LimitedHarvey Norman Holding Limited is a company that operates in many parts of the world but has its headquarters in Sydney New South Wales, Australia. The company has a formal sustainable development as its annual report for the year 2015 and 2016 shows. The company has variety of products for office and home use like; electrical items, computers, furniture, bedding and many others.The company has a formal sustainability because of its policies on expansion. By the year 2015, the company had extended its operational market to 169 franchised complexes. These complexes are in different parts far away from Australia, some in New Zealand, Singapore and, Malaysia. The introduction of these complexes aimed at achieving a greater
Money Matters 3market for the products. The company aimed at delivery of services outside New South Wales, to the whole of Australia and finally to other continents like Asia. The Harvey Norman Holdings Limited have been noted for formal sustainable program because of the workforce productivity goals of improvement. According to the 2016 report, (p.20), every Franchisee owned by Harvey Norman has deployed enough workforce on time and within the budget. The company also seeks to hold its employee so as there couldbe sustainability ion performance and production (Weber, Diaz and Schwegler, 2014, p.321). The workforce is well treated. According to the ethical considerations in the Human Resource department. The workers are treated with equity and equality. Since the company iswell managed, it was able to open 7 new stores in the beginning of the year 2017. The new stores deployed qualified personnel who could match with the rest in the competitive market to ensure smooth running of the company.Harvey Norman Holding has a formal sustainable program. Because it has considered the key business risks which may pose threat to the future trade performance. Some like deterioration of micro economics, competition in Australia and in the new channels and also economic downturn in the world market. When a company is able to evaluate at the risks and uncertainty and make recommendable adjustments, it is because of its sustainability programs(Li, Choi and Chow, 2015, p.348). Harvey Norman has therefore achieved having a formal sustainability programs.Question 2The roles that sustainability plays in the company’s overall strategic planSustainability Facilitates grow of the company. Sustainability plans helps the company in the endeavors to grow. The growth of a company is determined by the formality of its sustainability plans. The company need to be dynamic. It is expected to expand and make profits. a company should be above the CVP so that it doesn’t budget for all its profit
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