Monitoring System Components
Added on 2019-12-03
16 Pages5550 Words161 Views
Monitoring System
TABLE OF CONTENTSINTRODUCTION...........................................................................................................................4MONITORING SYSTEM COMPONENTS...................................................................................7The enterprise (Starbucks)...........................................................................................................7Sustainability dimensions............................................................................................................8Specific sustainability area .........................................................................................................9List and assessment of indicators for monitoring......................................................................10CONCLUSION AND RECOMMENDATIONS..........................................................................13REFERENCES..............................................................................................................................15
LIST OF TABLESTable 1: Summery of sustainability indicators................................................................................5Table 2: List and assessment of indicators for monitoring sustainability of Starbucks.................11
INTRODUCTIONSustainability business can be defined as an organization that has no negative impact onglobal and local environment, community, society and economy. Along with this, sustainablebusiness meets the triple bottom line and has advanced environmental and human rights policies.Including this, sustainability helps in managing different financial, social and environmental risks,obligations and opportunities (Armstrong, Blouin, Jagolinzer and Larcker, 2011). Tools, techniquesand indicators of sustainability assist in developing a monitoring system of sustainability of anorganization. These have positive impact on profitability and people of the organization. Major dimensionsof sustainability include society, economy and environment. Determining the level of sustainability isa very complex task but it can be measured by different quantitative tools and techniques. Thesetools include sustainability matrices, triple bottom line, etc. Tools, techniques and indicators ofsustainability help in developing a monitoring system of sustainability of an organization. This systemassist in analyzing the changes, progress of the organization towards sustainability, management ofeconomic, social, institutional and environmental resources (Bebbington, 2007).The current research report is based on monitoring system for sustainability of anorganization. Regarding this, research will focus on Starbucks which is an American Coffeecompany and coffeehouse chain. It focuses on sustainability of the business because most of theraw material of this organization can affect the environment in a negative manner. So, it stresses onall three social, environmental and economic dimension of sustainability. Research will focus ondevelopment of monitoring system for sustainable development of Starbucks which will help indetermining the level of sustainable business. Along with this, different indicators of this system willhelp in determining that weather organization is following all roles and responsibility in an effectivemanner or not. Indicators of sustainability aids in determining different types of issues associatedwith the sustainable development of the company (Nikolopoulou, Abraham and Mirbagheri, 2010).Major aim of sustainability indicators is to determine that weather an organization is working towardsthe defined goal or not. Study will describe the current stage of sustainability and required changesto improve. Ayre and Callway, 2013 has concluded that “Sustainable monitoring system is a tool whichprovides appropriate guidance to monitor and report sustainable performance and improvement ofthe organization” (Ayre and Callway, 2013). As per the view of Bredeson, 2011, “A good monitoringsystem is required to include all indicators of sustainability such as environmental, social andeconomic indicators” (Bredeson, 2011). Similarly, “An effective monitoring system focuses on past,present and future sustainability actions of the company which will helps in analyzing the actualprogress of sustainable development”. In contrast, Jucker and Mathar, 2011 has stated that “A good4| P a g e
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