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Sustainable Enterprise and Social Responsibility.

Added on - 23 Dec 2020

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SustainableEnterprise and SocialResponsibility
Table of ContentsINTRODUCTION..........................................................................................................................3Main body..................................................................................................................................3Principles and practices of sustainability...............................................................................3Corporate social responsibility................................................................................................4Difference between sustainability and corporate social responsibility................................4Background information of new start up business...............................................................5Current consideration of sustainability practices and corporate social responsibilities...5Corporate social responsibility................................................................................................6Critical discussion....................................................................................................................7Sustainable practices which are adopted by our business....................................................7The corporate social responsibilities are relevant and applicable to business...................9CONCLUSION............................................................................................................................10REFERENCES.............................................................................................................................11
INTRODUCTIONSustainable business practices is defined as the important part of the corporate riskmanagement. It plays an important role in holding the process which damage the overallcorporate reputation. Sustainable business practices ensure that all the business practicesconnected to the supply chain which engaged in the ethical practices and sourcing material whichcan be certified as environmentally friendly(Tay and et.al., 2016). Corporate social responsibilityalso plays an important role in developing the business operations at the global level becauseorganisation monitor and ensurers its active compliance with the spirit law, ethical standard andinternational rules and regulation. Corporate social responsibility is responsible for thecompanies activities and increase the positive impact through its actions on the various aspectssuch as environment, customers, employees, stakeholders and communities which helps inimproving the brand image of the firm(Unit, 2015). Report will define the principles andpractices of sustainability and also explain the corporate social responsibility. In this assignmentwe will apply the principle and practices in the real life business scenario that is Z78 cafe.Further we will also discuss the sustainable practices and level of social responsibility which arefollowed by the entrepreneurial venture or Z27 cafe.Main bodyLiterature reviewPrinciples and practices of sustainabilityAccording to Nolet, Sustainable business practices are defined as the environmentalfriendly practices which is followed by a company with the purpose of becoming a moresustainable organisation in the market place. With the helps of these practices companiesminimise their environmental footprint through developing various activities which reduce theunethical environment practices. Sustainable business practices may be differ from organisationto organisation because some business firm follow the paper less billing process for showing thatthey are committed to sustainability while some of organisation make environmentalconsideration as a part of business activities such as energy reduction, cleaner production processand reducing the wastage which all are considered to a sustainable business practices(Nolet,2015).According to sustainable business model there are various principles which are essentialfor the success of the organisation. It includes diversity, modularity, openness, slack resources
and matching cycles. Every business need the diverse range of resources, peoples and investmentto be resilient which results in the high productivity of the firm. Openness principle ofsustainability defines that organisation need to continuously monitoring the external environmentand also make the various decision for possible future issues which results in the betterperformance of firm in the market place.Corporate social responsibilityAccording to Philips, corporate social responsibility defines as standard business practiceof every organisation. It plays a crucial role in the companies' competitiveness and future growth.The main objective of the CSR is to achieve a positive impact on a society as a whole whilemaximising the creation of shared value for the owner of the firms, employees and shareholderand customers. Corporate social responsibility helps in the brand image of the company becausethe public perception of the company for customer is critical and by designing positive impact onthe stakeholders company can make a name its self for not only being financially profitable butsocially conscious as well. Corporate social responsibility also has great impact on the buyingdecision of the customers because it maintains a better relationship with consumers throughproviding better goods and services(Schrempf-Stirling, Palazzo and Phillips, 2016. ).Difference between sustainability and corporate social responsibilityBasisBusiness sustainabilityCorporate social responsibilityMeaningIt refers to the ability ofcompany which helps insurvive in future and toincrease the productivity of thefirm.It defines as a ways in whichcompany operates its businessactivities that is beneficial tothe society and environment.DriveIt is driven by the various needof the business which protectthe reputation of the firm inthe developed market(Unit,2015).It is driven by the various needof the company which helpsthe business for creating theopportunities in emergingmarket.Background information of new start up businessI wish to start a new business. My basic idea behind starting this business is to open aroof top cafe which would provide the view of the entire city and would be the eye of the
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