BUS5SMM Sustainable Management - Assignment
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Added on 2020-05-28
BUS5SMM Sustainable Management - Assignment
Added on 2020-05-28
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Running head: Sustainable management Sustainable management
Sustainable management Table of ContentsIntroduction and background......................................................................................................................3Planning and strategy..................................................................................................................................3Mission, vision, values and their connection with sustainability.............................................................4Types of plans and goals setting practices...............................................................................................4Approaches to planning and sustainability..............................................................................................4Human resource management....................................................................................................................5Competitive strategies.............................................................................................................................5How has Intrepid Travel Company managed to find the right people and to develop and maintain effective workforce..................................................................................................................................5Sustainable practices in Intrepid Travel HRM activities...........................................................................6Leadership...................................................................................................................................................6Leadership styles and effective leadership..............................................................................................6Leadership characteristics and traits........................................................................................................7Sustainability in leadership......................................................................................................................8Controlling the value chain and technology................................................................................................8Effective future managerial strategies and recommendations......................................................................9Conclusion.................................................................................................................................................10References.................................................................................................................................................102
Sustainable management Introduction and background The primary aim of this task is to explain the significance of sustainability in IntrepidTravel Company which offers itineraries services to people across the world. It describes aboutthe activities and operations of Intrepid Travel Company. Various macro environment factorsmay influence the success and growth of the firm adversely. Along with this, the paper explainsplanning, human resource management, value chain analysis and leadership styles. It describeshow sustainability helps to make planning and to improve HRM in an organization. Also, itexplains mission, vision, values and sustainable practices in the organization. Intrepid travel is the largest small group adventure travel company. The firm rendersmore than 1500 itineraries in across 120 countries. The travel destinations include NorthAmerica, Antarctica, The Middle East, Asia, North America and Australia. The firm wasincorporated in 1989 by two Australians. It’s headquarter is located in Melbourne Australia. Theorganization employs more than 1600 employees within the organization. The organizationalstructure of the company is attractive and effective. Geoff Manchester is the CEO and managingdirector of the company. All the activities and operations of the company are operated by the topmanagement. The macro environment factors play a significant role to attain long-term successand growth of the firm. The external factors include political, socio-cultural, economic, legal andenvironmental factors. Apart from this, unique and innovative technologies are used by the firmto explore and flourish its trading activities and operations globally. There is high and immensecompetition in the market which influences the operations and activities of the company. Thecompetitors include Holland America Line, Fleet Pro Passenger Ship management, Freedom,cruise one and Leisure (Intrepid, 2017). Planning and strategy Planning is a management process, concerned with defining goals and objectives forcompany’s future direction and determining the mission and resources to attain those targets. Thecompany develops and builds a plan to run business activities and operations successfully andeffectively. The firm cannot survive its business without effective and dynamic planning. Thelong-term objectives and goals can be attained easily. Apart from this, the company can3
Sustainable management overcome the risks and challenges of the market through the planning process. Now it can besaid that planning is a significant part of the intrepid travel company (Porter and Kramer, 2011). Mission, vision, values and their connection with sustainability The main mission of the company is to provide support to people and companies travelsmart for achieving the more outcomes and results. The vision of the company is to become oneof the most creative and trusted travel management companies in the world. The main aim of thecompany is to provide best travel services to the customers across the world. The firm ispassionate about shaping the next generation of business travel. The values include innovation,service, integrity, teamwork, and strength. The organization is committed to growing globalfootprint together with company’s customers. Through innovation, the company has been able tosolve and handle enormous problems related to management and administration (Bcdtravel,2017). Types of plans and goals setting practices Intrepid Travel Company involves workers in goal setting practices. The company set thelong-term objectives and goals to maximize revenue and returns. The top management,managers, and employees work together to fix the objectives and goals for the firm to satisfy thedemands and needs of the consumers in the competitive market. There are three significant typesof planning which include tactical, strategic and operational planning that help to beat thecompetitors in the global market. The operational plans are monitored by the specific processesand procedures of Intrepid travel company (Holden, 2012). Approaches to planning and sustainability Planning is the important function of management to accomplish desired outcomes andresults. Different theories and approaches are used by the company to increase profitability andresults of the firm. The approaches include inactive, reactive, preactive and proactive approach.Instead of traditional methods, the firm uses modern approaches to gain competitive advantagesglobally. Sustainability plays an integral role in Intrepid Travel Company. It’s a travel companyso the firm needs to maintain sustainability in the workplace as well as the environment. Alongwith this, holistic and system approach is initiated by the company to manage the tradingactivities efficiently. Moreover, sustainability helps to make effective decisions within theorganization (Enoch, 2016). 4
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