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Sustainable Business Management: Challenges, Opportunities, and Strategies

   

Added on  2023-06-17

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Sustainable business management
Sustainable Business Management: Challenges, Opportunities, and Strategies_1

Table of Contents
INTRODUCTION...........................................................................................................................3
MAIN BODY..................................................................................................................................3
Demonstrate how the business may be affected by wider sustainability contexts, in particular
climate change and resource constraints (threats and opportunities)..........................................3
Research and develop a proposal for the business to address sustainability that includes the
changes needed within the business for sustainability to be embedded beyond quick wins.......6
Present a report to business leadership that sensitively recommends appropriate issues and
opportunities................................................................................................................................7
CONCLUSION..............................................................................................................................10
REFRENCES.................................................................................................................................10
Books and Journal......................................................................................................................10
Sustainable Business Management: Challenges, Opportunities, and Strategies_2

INTRODUCTION
Sustainable business management can be defined as a study that focuses on enhancing
long-term economic, environmental, and moral ideals that have an impact on business.
Companies must think about sustainable management methods if they want to improve and grow
their profits. This type of strategy is beneficial to a company's growth and development as long
as adequate long-term initiatives are maintained. The University of Bedfordshire was used to
compile this report. This university is pursuing a variety of strategies in order to preserve and
improve sustainable business practices while also achieving its objectives. Different aspects and
their impact on are discussed in this paper (Soomro, Ghumro, and Shah, 2020). This report is
going to illustrate on Sustainability challenges, such as climate change and resource constraints
and suitable recommendations are made to the enterprise so that the company can maintain
effective sustainability at their workplace.
MAIN BODY
Demonstrate how the business may be affected by wider sustainability contexts, in particular
climate change and resource constraints (threats and opportunities)
Climate change has an impact on important human and natural life circumstances, as well
as the foundation for economic and social growth, while society's aspirations for environmental
sustainability have an impact on both GHG emissions and exposure to climate change. It is
critical for businesses to explore business sustainability issues because this will aid in the
expansion of their overall operations. The University of Bedfordshire has been found to be
considering sustainable business management techniques when carrying out its activities and
tasks. As a result, it is able to cultivate a positive image in the market and carry out its operations
successfully. There are various factors that will have an impact on corporate sustainability
initiatives. Sustainability and the desire to go green or preserve have been recognized as factors
that enable an organization to attract more consumers, staff, and other stakeholders, all of which
have a direct impact on company operations. This is beneficial in terms of increasing the public's
Sustainable Business Management: Challenges, Opportunities, and Strategies_3

perception of the company and its products. It has been assessed that it will have a significant
influence on the bottom line over time and will have a direct impact on the business's long and
short-term goals. With the consideration of good business sustainability practices in the market
arena, University of Bedfordshire will be able to reap various benefits. It is become very difficult
for the organization to ignore the increasing number of the climate related events which create
impact on the population and a joke graphics all over the globe (Rana and Ha-Brookshire,
2018). From the investigation it has been analyzed that there are different ways that climate
changes is already impacting what is threatening to impact on the organization across the globe
and which are below mentioned:
Operational impact: It has been analyzed that the operational impacts of climate related to the
disasters like facilities damage and workforce system.
Cost of resources: Sustainability create impact on the resources like energy water food this all
resources are at the risk because of the environmental and human causes. Due to energy and the
consumer industries it creates huge impact on the resources.
Regulatory or political uncertainty: According to the investigation it has been analyzed that
life sciences or healthcare companies for education also different kind of issues in context of
sustainability which create impact on their sustainability efforts.
Reputational damage: Environmental sustainability damages create huge impact on the brand
identity and also create impact on the organization culture. That is why it is very important for
the organization to focus on the business issues so that they can overcome the obstacles from
implementing sustainability initiatives and improve the sustainability and their workplace.It has
been analyzed that the Human sustainability is important for society's human capital to be
preserved and improved (Findler, Lozano and Stacherl, 2019).This includes investments in the
health and education systems with the goals of improving access to services, nutrition, and
experience and competencies. The goals of social sustainability include preserving social capital
with the goal of investing in and producing services that make up our society's framework. Price
stability aims to preserve capital while also raising living standards. The goal of environmental
sustainability is to increase human well-being through safeguarding natural resources. Moreover,
The University of Bedfordshire should think about how to implement an environmental
Sustainable Business Management: Challenges, Opportunities, and Strategies_4

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