Sustainable Approach to Management and Business Strategy
Verified
Added on  2023/06/15
|14
|3671
|305
AI Summary
The report covers discussion about strategies that organisation use to operate in a sustainable and ethical way. It also covers different approaches to corporate social responsibility of all the three companies and differences, measurement of success in terms of CSR strategies.
Contribute Materials
Your contribution can guide someone’s learning journey. Share your
documents today.
Foundation of Business Communication
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
Executive Summary The overall report is about sustainable approach to management and business strategy. It covers discussion aboutstrategies that organisation use to operate in a sustainable and ethical way. The report will cover also discussion about different approaches to corporate social responsibility of all the three companies and also about differences, measurement of success in terms of CSR strategies.
Table of Contents Executive Summary.........................................................................................................................2 INTRODUCTION..........................................................................................................................4 MAIN BODY...................................................................................................................................4 Sustainable approach to business strategy and management.................................................4 Different approaches to corporate social responsibility.........................................................6 CONCLUSION...............................................................................................................................8 REFERENCES................................................................................................................................9 Part 2..............................................................................................................................................10 Reflection.............................................................................................................................10
INTRODUCTION Business communication refers to the process of sharing information between people outside and within a company. It is basically about the way in which we communicate with others is a habitual part that we rarely think and stop about it. In the present report, Hayward Tyler, Cisco and Coca Cola is taken into consideration. Hayward Tyler is a company which is known for the long-term durability and reliability of their fluid-filled motors and pumps as well as for the world class service that supports their legacy and products brands(Crane and Glozer., 2016).Cisco is an American multinational technology conglomerate corporation which is headquartered in San Jose, California.Coca Cola company is an American multinational beverage corporation which is incorporated under Delaware's General corporation law and that is headquartered in Atlanta, Georgia. The present report will cover discussion about strategies that organisation use to operate in a sustainable and ethical way.In addition to this, the report will cover discussion about different approaches to corporate social responsibility of all the three companies and also about differences, measurement of success in terms of CSR strategies. MAIN BODY PART 1 Sustainable approach to business strategy and management Sustainability is a kind of business approach for creating long-term value by taking into consideration in which manner a given organisation operates in the social, ecological and economicenvironment.Sustainablebusinessstrategybasicallyreferstothevehiclefor supporting transformation to a sustainable company from an unsustainable one(Hansmann and Thomsen., 2021).This kind of strategy should establish a pathway that likely to support and drive the company as a going concern over the long period of time. There are certain kinds of elements which are required for delivering a strategy and it is defined into following manner: ï‚·Recognising the strategic context:It is necessary to understand global and local sustainability issues that could impact an organisation. Management requires that focus should be on priority issues so that they can be resolved within a particular time frame.
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
ï‚·Clear vision of sustainability:Under this head, it is necessary to create a kind of picture of company with a long term vision ambition in terms of relevant social, environmental and economic trends and pressures. ï‚·Plans for action:Under this head, it is important to create a plan or strategy which should be implemented into realistic manner that contains actions and step by step plan to achieve that particular ambition. ï‚·Communication and Reporting:Under this head, it is necessary to communicate with clear, consistent and meaningful messages that demonstrates transparency, progress and authenticity to internal and external stakeholders. Under head of sustainability, all companies need strategy to attract investment whether they are taking capitalsupport from private investors or banks and they are publicly listed(Hogg., 2021). Sustainable approach towards business strategy shows that translation of company capacity and about market positioning into a series of actions to be conducted over time to meet stated business objectives. In context toHayward Tyler,their products are well suited to both new and existing renewable technologies that ranges from high-temperature molten salt loops on concentrating solar power plants to inverter cooling applications on offshore wind turbines. They offer pump solutions for both boiler loops and molten salt loops with materials and designs that are uniquely engineered to suit difficult requirements(Renewables).They provide ideal solutions for off-shore wind farm developments by offering sub mersile motors and pumps. They also provide sealless pump solutions in these applications that offers increased safety and reliability as well. Canned motor pumps also offer best in class reliability for transformer and inverter cooling. In context toCisco company,their goal is to reduce global scope 1 and 2 greenhouse gas emissions by sixty percent. Company has increased its efficiency and reduce emissions across operations through following certain steps(Li., 2016).They have implemented over 440 energy efficiency projects which reduces costs and emissions. Company has procured renewable energy in the regions where they operate with support of variety of off site and on site sources. Company has developed more efficient thermal systems for reducing power loss and offer higher-efficiency power supplies.
Cisco is also responsible in terms of social environment where they have opened up pocketbooks in a big way in the year of 2020.They have donated $ 458 M in cash and in kind contribution to community impact programs on the global basis(Muñoz RamÃrez., 2015).Cisco company is also focused towards reducing carbon foot print, partners and employees, engaging customers in efforts to manage their impact on environment and develop IT solutions to support climate change(Environmental Sustainability).Company vision is that to transform the use of technology in terms of the way they respond towards world environmental challenges. In context toCoca Cola company, their focus is on its three-pronged water strategy which is reduce, replenish and reuse. The company has shown important improvements in their water use ratio by reducing it to almost half(Sustainable business).The Coca Cola foundation have invested over $ 6 million in environmental partnerships which is focused on reducing the impact of plastic pollution, collecting marine litter recycling and water replenishment.In terms of packaging, they have used recycled plastic across their range of beverages such as coke, Fanta, Sprite, Pumpa and Mt Franklin. They continuously work towards designing innovations and light weighting that movestowards target of making their packaging hundred percent recyclable globally by the year of 2025. Different approaches to corporate social responsibility Corporate social responsibility refers to the form of international private business self- regulation that aims to contribute towards societal goals of philanthropic, charitable nature, activist by engaging in or ethically-oriented practices.There are basically four approaches to corporatesocialresponsibilitywhichincludesobstructive,defensiveaccommodatingand proactive. Under obstructive head it means that to block or get in the way(Roth and et.al., 2016). Basically obstructive stance blocks out its social responsibilities and concerned more about the profits. These type of companies basically known to pollute, deceive customers and exploit their own employees. Under head of defensive, these kind of companies focus is towards more on profits rather than performing actions in a socially responsible way. These companies major focus is towards following the law to ensure that others cannot take legal action against them. Under head of accommodating head, these companies satisfy all legal requirements and attempt
Hayward Tyler and Cisco is majorly focused towards safety and environment factor but Coca cola company does not have major focus towards safety parameter and they are focusing on providing healthy drinks to their customers(Vasile and Nicolescu., 2016).All the three companies follows corporate social responsibilities in their own way but all of them have different approaches towards sustainability. Measurement of success in CSR strategies There are certain ways of measuring corporate social responsibilities strategies and it can be done through benchmarking the business against others. It can also be measured through performance and by setting targets into appropriate manner. Key performance indicators can also be taken into consideration for measuring environmental performance. These measurements not only shows the immediate impact of corporate social responsibility. CONCLUSION The above stated report concludes that business communication plays a very important role at organisational level. Business communication not only support in terms of fostering a good working relationship between the individual and staff members as well. It has been evaluated that different companies have different strategies in terms of strategy development in sustainable manner. Some companies are more focused towards recycling of waste products, safety and security of natural resources from perspective of environment. It has been concluded that different companies have different approach towards corporate social responsibilities. Some companies take steptowards protection of environment and some are aim towards community development. There are also some companies who are focused on education system and women empowerment as well so that positive environment can be created at organisational level. There are differences in terms of corporate social responsibilities and also all companies have different approaches towards their positive action. It has been determined that there are some parameters of measuring the success in CSR strategies. It can be measured through key performance indicators and also through by setting targets. So working into professional manner and to achieve targets into result oriented manner it is necessary that to have proper communication so that objectives can be achieved within a set period of time.
Part 2 Reflection Week 6 : During the 6thweek I got to learn so much about the module and various foundations of Business Communication and how Business Communication helps in better interaction among individuals and groups in order to achieve business objectives. During the beginning of this module I was not sure if I could be able to understand the concept of foundations of business communication and was really confused between some concepts. So in order to understand these foundationsofbusinesscommunicationIdevelopedtwobusinessskills.Oneisthe Communication skill that involved confidence, active listening and developing skills to actively listen to the sender and give proper feedback. These skills also helped me to prepare proper structure of reports, it also made meunderstand the report better and to communicate and discuss with my tutor in the class. In addition to that Problem solving skills supported me throughout my assignment. Problem solving basically involved various methods to find solutions for complex issues. These skills helped me to find appropriate ways of writing my assignment and also helped to prepare my reports in a structured form and avoiding mistakes while referencing. During my assignment I realised that there is need to developing business skills such as ICT and Numeracy.This week my experience my so filled with so many new concepts and I really feel positive about my studies. This entire week helped me to learn new things and develop skills to do my assignments and made me feel more confident and motivated. Week 7: During my 7thweek of learning , I was not-sure about the concepts and models of business communication so in order to understand the concept in a better way I used business skills which helped me to solve my problems and prepare my assignments more effectively. Problem solving skills helped me to solve various issues and helped to develop more creative ideas it also helped me to discuss in a better way with my classmates and tutor and managing conflict at work.Numeracy helpedto develop logical thinking and reasoning strategies in day
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
to day activities and ICT helped in managing and monitoring my learning through engaging in decision making process, working collaboratively and thinking in a creative manner. With these skills I realised that in order to complete my assignments in a better way I need to develop skills such as numeracy and ICT as I was not that friendly with micro soft office, ICT helpedmetopracticeoncomputersmoreeffectivelyandnumeracyhelpedinsolving mathematics problems. Through developing these skills I was able to solve my various issues and could complete my assignment in a better way. My learning experience throughout this week was overwhelming as I got to learn so much about various mathematics calculations and micro soft office. In the end of the week I felt really ambitious about my career plans and my experience through out this week was really motivating. Week 8 During my 8thweek of learning I was not so confident about my assignment topic and gradually I realised that there is need to use business skills in order to prepare my assignment in an efficient and effective manner. In order to achieve my targets it was important for me to work with other and ensure effective communication skills. Communication skills helped me to understand my lectures better as different tutors have different ways to communicate. These skills helped me to solve my issues related to my lectures in the class and helped to find how 'Tesco' organisation performs its operations and creates a sustainable environment. During my learning, I realised that there is need to develop skills related to calculations and become more tech savvy . Numeracy helped me to develop logical thinking and reasoning strategies in day to day activities and ICT helped in managing and monitoring my learning through engaging in decision making process, working collaboratively and thinking in a creative manner. With the use of Numeracy I got to learn about the efficient ways of using a data and with the help of ICT I got understand the knowledge of Microsoft office. My learning experience throughout this week was amazing and I really feel grateful about learning new things related to my studies. The entire week was filled with new skills and knowledge and I really feel inspired about my learning and applying it in my future career plans.
Week 9 During my 9thweek of learning, I was not sure aboutthe various foundation models of communication as it was really important to understand the communication process in order to timely complete my assignments.In order to complete my assignments it was important to use skills such as problem solving as these skills helped in understanding my CSR challenges lectures more effectively. Various business skills helped in understanding business ethics and supported during discussion related to Primark organisation. While learning I realised that there was need to develop few skills for better understanding of lectures such as numeracy which helps in better understanding of mathematics terms and developing skills related to mathematical knowledge and skills. Numeracy helped me to develop logical thinking and reasoning strategies in day to day activities and ICT helped in managing and monitoring my learning through engaging in decision making process, working collaboratively and thinking in a creative manner. In addition to that ICT skills helped me to solve simulated real-world problems, ensuring collaborative approach and engaging in ethical decision making. Throughout this week my learning experience was exciting and I really feel grateful for my studies.The entire week was filled with great ideas and it made me feel more confident about my career plans. Through this week my learning experience was amazing and it helped me in various ways for better preparation of my assignments. I felt so overwhelmed about my learning and developed various skills that helped me to understand my lectures in effective and efficient manner. Week 10 During my 10thweek of learning I was really interested to know more about the concept of foundation of business communication and how communication takes place in various forms within various business firms. In order to ensure better learning during this week I realised that there was need to use various skills in order to ensure effective communication during my lectures. During the beginning of this module I was not sure if I could be able to understand the concept of foundations of business communication and was really confused between some concepts .While working in group, it really helped to understand my topic in better way and how to write professional email with proper guidelines. Problem solving skills also helped in effective communication.
Problem solving skills helps in finding better ways to solve a difficult or complex issues. Gradually in order to understand my concepts in better way there was requirement to develop new business skills. Numeracy helped in understanding the role of maths and developing skills related to mathematical knowledge. In addition to that ICT helped in managing and monitoring my learningwithadoptinga globalperspectivetowardsideasandissues, working ina collaborative manner, engaging ethically in decision making process , thinking critically and in creative manner and solving simulated real-world problems. Through out my learning I felt really inspired about my studies and was so involved through out this process and I will definitely use these learning in my future career plans.
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.