Sustainable Enterprise 0 Sustainable Enterprise 8 Sustainable Enterprise 11 Sustainable Enterprise Contents Introduction
Added on 2021-06-14
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RUNNING HEAD: Sustainable Enterprise 07-ELEVENSustainable Enterprise
Sustainable Enterprise 1ContentsIntroduction................................................................................................................................27-Eleven- The Overview............................................................................................................3Sustainability dimensions...........................................................................................................4Environmental dimension as specific sustainable area..............................................................6List and assessment of Indicators for monitoring......................................................................7Conclusion..................................................................................................................................8References..................................................................................................................................9
Sustainable Enterprise 2Introduction A sustainable enterprise is a business which undertakes process that puts negative impact on the society, economy, community and environment. A sustainable enterprise operates a business so that it grows and earns a profit. It identifies the economic and social aspirations inside and outside the organisation on which the enterprise depends. A well planned sustainability program helps businesses to increase profits by generating savings, driving growth and minimising risks. Creation of sustainable enterprise comprises renovating entire value chain from material supply to product design, operations, sales and marketing to the end of life. It also helps companies to recognise opportunities, risks and set priorities for the implementation of programmes. There are sustainable strategies to improve profits and reduce impact on environment. The monitoring systems are made for measuring and monitoring sustainability of business at regular intervals to bring efficiency in the operations. A proper monitoring system reduces the risks associated with business (Valackienė & Micevičienė, 2015). It facilitates decision making at appropriate time. The monitoring system also enhances the growth of organisation.The monitoring system provides various measures to reduce loss incurred by company. The monitoring system need to be updated from time to time to possess special skills. The consideration of monitoring system represents dimensions of an organisation like socio-cultural, economic and environmental. These dimensions can be measured with the use of effective indicators. The sustainability indicators create understanding towards the path adopted by business and the difference between the current and predicted position (Abdul-Ali, Davis, Twomey & Knowles, 2017). The indicators are helpful in alerting to the business before occurrence of any worst circumstances. The sustainability indicators point out the weak points within economy, society and environment. There are two types of indicators, traditional and modern. Quality of water and stakeholder profits comes under the traditional indicators. The modern indicators consist of social, economic and environmental. These threeindicators are interconnected. The indicators are important in resolving the issues faced by an organisation. The sustainable enterprise also enables to gain knowledge and provide guidelines to solve present problems of company. It also allows company to concentrate on the key issues. The effective indicatorsfunctions to prove information about the system. The information provided by the effective
Sustainable Enterprise 3indicators is reliable. It can be understood by a person who does not have any knowledge in this field (Edgeman & Eskildsen, 2014). In this report the focus is given on the sustainable enterprise dimensions 7-Eleven. These dimensions are socio-cultural, economic and environmental. Further the brief overview of 7-Eleven is given. The sustainability indicators applicable to the enterprise are discussed. It alsoenables the list of indicators which can be used by the enterprise to monitor environmental dimension. 7-Eleven- The Overview 7-Eleven is a convenience store. It is Australia’s first prefernce in convenience. 7-Eleven is a private company and possessed by Withers and Barlow family. The first store was opened in 1977 in Australia. The company operates more than 670 stores. 7- Eleven has stores in Queensland, Victoria, New South Wales, Australian Capital Territory and Western Australia. It serves an average 7 customers per second and more than 228 million transactions are conducted in a year. The company generate sales of almost $4 billion. The company is specialised in convenience, retail, food and fuel. It has authorisation to run stores in Australia from the US based 7-Eleven. It is the mission of company to be top in Australia at meeting the changing need of customers (Steen, 2015). The vision is to uphold first position in choice of customer’s preference and market growth. It can be made possible through sustainable growth and by practicing highest level of ethical standards. The values of company defines it’s spirit and how it conducts business activities with key stakeholders. The values of company are to deal with fairness and reliability, attempt for excellence, bold in endeavour and place customers at heart. The decisions taken at company are tested against the principlesto ensure the best choices are made all the time. The guiding principles are better for customers, simpler for stores, quicker for everyone and deliver bang for buck. Whatever company do for the product development and store team training is always ‘better for customers’ (Chavarria-Barrientos, Batres, Perez, Wright & Molina, 2016). The company believes on delivering a great customer experience. It takes care of everything and does ‘simple for stores’. The company focuses on finding new things to make operations efficient and quicker for everyone. The ‘bang for Buck’ keeps the company focused on the operations efficiently.
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