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Sustainable Business Strategy - Assignment

   

Added on  2019-12-03

11 Pages3157 Words147 Views
Sustainable Business Strategy

Table of contentIntroduction......................................................................................................................................3Task 1 ..............................................................................................................................................3Analysis of global sustainability agenda.....................................................................................3Current forces for the alteration in sustainable environment of business....................................4Impact of current sustainability issues on business organization................................................7Task 2 ..............................................................................................................................................8Extended boundaries of the sustainable business organization...................................................8Impact of structure and objectives on sustainability aspects of business....................................9Conclusion.....................................................................................................................................10References......................................................................................................................................11

IntroductionSustainable development can be termed as development strategy formed to satisfy presentdemand without affecting environmental factors. In simple terms, sustainable developmentmeans such a development which fulfills present needs and requirements of people or businessorganizations without compromising with the abilities to meet demand of future generation(Ghosal, 2015). There are two key things involved in sustainable development namely, theconcept of needs and the idea of limitations. In this report, Confederation of British Industry isselected in order to provide secondment in order to bring sustainable development in theeconomy by compromising with number of issues and generating new ideas in the firm for betterutilization of resources. Task 1 Analysis of global sustainability agendaFor the sustainability development of 21st century global action plan has been prepared byregulatory authorities. This plan is known as Agenda 21. Main objective of this action plan is tosatisfy demand of present economy without hampering the ability of fulfillment of needs andexpectation of future generation (Teece, 2010).There are number of chapters included in the agenda which helps to resolve the issues ofvarious social entities. For this aspect, support is provided by both government and non-government authorities. However, as a matter of fact, in every area, activities performed byhuman resources of business firm impacts the environment to much deeper extent. Some of thekey areas have been described with their basis for actions, objectives and means ofimplementation. They are explained below:Section first: Social and economic dimensionsPromotion of sustainable development through trading activitiesoApproach of this action: - In this section, consistent trading system which areopen and equitable, secure and non-discriminatory system with the main objectiveof sustainable development results in growth of optimal distribution of globalproduction on the basis of competitive advantage (Boons,2013). However, thisapproach needs commitment for the feasible implementation of economic policiesfor effective management. On the other hand, there are several developments

which have provided new opportunities and threats that could had a great impactover international trading environment.oObjectives: - The main objective of such a sustainable development is to attainaccessibility of market of developing countries for the exports activities.oMeans of implementation: - Financing and cost evaluation terms which includesnon-concessional, depends on the specific strategies and programmesgovernments decides on the implementation. To develop mutual support of trading activities and environmental factorsoApproach of this action: - According to this chapter, there should be coordinationbetween trade policies and environmental factors (Boons, 2013). Furthermore, anopen and multilateral trading system results in more effective as well as efficientallocation and utilization of resources. Simultaneously, it leads to increasedproduction by minimizing demands on the environment.oObjectives: - Major objective of this chapter is to develop proper support betweentrading activities and environmental factors for the promotion of approach ofsustainable development.oMeans of implementation: - In this situation as well, the means ofimplementation of such a sustainable development is financing and costevaluation. To provide appropriate monetary funds to the developing nations for the sustainabilitydevelopmentoApproach of this action: - For the economic development, growth and welfare ofdeveloping nations huge financial sources are required. With these monetaryfunds, investment will be made be regulatory authorities in development policies(Christersson and Rothe, 2012). Not only that but needs and requirements of thedeveloping population can also be fulfilled with appropriate investment amount. oActivities: - Meeting international targets of official growth assistance fundingand addressing the debt issue.oMeans of implementation: - Financing and cost evaluation.

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