This report discusses the concept of sustainability and its impact on long-term competitive advantages for organizations. It also covers the necessary attributes and capabilities for business success in a complex and changing environment. The report includes examples and references from relevant studies.
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Building A Sustainable Organisation
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Table of Contents INTRODUCTION..........................................................................................................................4 Task A..............................................................................................................................................4 Drawing on relevant studies, critically discuss the concept of sustainability and its impact on the long-term competitive advantages for organisations. Use examples to illustrate your discussion...................................................................................................................................4 Task B..............................................................................................................................................6 Critically discuss attributes and capabilities that are necessary for business success in a complex and changing environment..........................................................................................6 CONCLUSION...............................................................................................................................6 REFERENCES................................................................................................................................7
INTRODUCTION A concept through which the organisation are able to advance their principles for growth and development of the organisation leads to have a sustainable organisation. There are many factors that are required for development of sustainable organisation that includes environmental management, formation of human capital, production systems that are environment friendly and focus on value creation. It also includes social inclusion with social responsibility that should be transparent with investment of the stakeholders in order to have an effective sustainable organisation. The sustainability of an organisation is very important as it helps in increasing the productivity with increase in the revenue of organisation(Anwar, 2018). A prioritised set of actions helps in attaining a set framework for growth of the organisation. The organisation is able to have an improved reputation with increase of more new customers with the help of innovative strategies and decrease in cost of business which overall helps the organisation to earn good amount for growth and development of the organisation. Task A Drawing on relevant studies, critically discuss the concept of sustainability and its impact on the long-term competitive advantagesfor organisations. Use examples to illustrate your discussion. The ability to evolve and grow without consuming the natural resources for the future refers to the term of sustainability. The businesses need to lay their focus on the awareness about environment in order to consider the needs of business rather than just focusing on the profit earned from the organisation. There can be a huge impact on the environment and society with consideration of a sustainable organisation. The operational function of the organisation is able to have a structured framework with contribution of consideration towards the health and safety of organisation. Sustainability in turn helps to grow the business with the construction of environment friendly resources(Azzahidi, Bengrich, and Omrane, 2020). The food, energy that is consumed by the humans in daily use helps in maintaining environment sustainability. A sustainable development helps in balancing the current requirements or demands of the people in
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accordance for the security in future. The main aim of people is to maintain the sustainability of environment with its different aspects in order to preserve the nature with fulfilling the needs of people. The planning for instant execution of long term goals also helps in utilising the resources in an effective manner with consideration of the development of future generation. The main impact of sustainable development is that it helps in executing a new organisation with fulfilment or achievement of goals such as value of the shareholders, sustainable growth of the organisation with increase of efficiency of the organisation. The practices of business are evolving on a large scale in order to preserve and secure the environment with gain of public loyalty in order to have a reputed organisation(Cantele, and Zardini, 2018). The long term goals of the organisation can be achieved with the preservation and protection of environment in an efficient manner. The prosperity of an organisation can be attained through sustainable competitive advantage in order to increase the sales with better earnings and higher customers. The competitive advantage that have a huge impact on sustainability of business are: The main focus of the organisation is to set reasonable prices so that there can be advantage of cost for growth of organisation. . The supply of products helps in analysing the worth in accordance to the advantage of value for benefit of organisation. The main focus of the organisation is on niche industry that is planned for the market segment in order to have a focus advantage for the organisation. The main example of organisation with sustainable competitive benefit is Coca Cola company. The company is investing huge amount of money and is also laying efforts for the growth of organisation. The powerful and good reputation of the company in the market helps in attracting a huge number of customers.
Task B Critically discuss attributes and capabilities that are necessary for business success in a complex and changing environment. The three pillars such as social, economic and environment helps in attaining the idea of sustainability(van Tulder, 2018). These pillars are also known as planet, people and informal profit which are mentioned below: Economicdevelopment–Itisoneoftheeasiestformofsustainabilityasthe organisationsnedtobemoreeffectiveforeconomicsustainability,productionof adequate income and profitable organisation in order to progress for the upcoming future. Equilibrium can be attained with the help of accomplishment of economic development. Social development –The employees or workers of the organisation should be treated in a fair and equal mannerin order to maintain the decorum in the organisation(Xue, Weng,and Yu,2018). The social development can be achieved through improving the advantageofpaternityandmaternitywithflexibleschedulingandincreasein opportunities for development in order to gain advantage for the organisation. The operational functioning of business should be in a fair environment with equal payment of male and female employees in order to have a sustainable environment. Environmental protection –The protection of environment is an important aspect that is basically focused on having a decomposable packaging, less water usage, decrease in waste with decrease in carbon footprintsthat are a part of supply chain process (Zucchella,and Previtali,2019). The sustainability of environment can be maintained with financial usage and cost-effective practices in order to protect and preserve the environment. CONCLUSION From the above report it is concluded that, the most important movement towards sustainability of organisation is for protection and preservation of environment in order to have a sustainable business. The main goal of the organisation is to have an improve and sustainable future for growth of the organisation. It is very essential for a business to have sustainable development for
growth of future generation and also to use resources in consideration of protection and preservation of environment. A successful business enables in adapting changes for growth and developmentoftheorganisationwiththehelpofadvantagesthathelpinfulfillingthe requirements of organisation. A business can evolve and grow on a huge level with the maintaining of sustainability in order to achieve the future goals of an organisation. REFERENCES Books and Journals Anwar, M., 2018. Businessmodelinnovationand SMEsperformance—doescompetitive advantagemediate?.InternationalJournalofInnovationManagement,22(07), p.1850057. Azzahidi, A., Bengrich, M. and Omrane, A., 2020. Innovation for Sustainable Development: The Role of Knowledge Management. InSustainable Entrepreneurship, Renewable Energy- Based Projects, and Digitalization(pp. 21-39). CRC Press. Cantele, S. and Zardini, A., 2018. Is sustainability a competitive advantage for small businesses? An empirical analysis of possible mediators in the sustainability–financial performance relationship.Journal of cleaner production,182, pp.166-176. van Tulder, R., 2018.Business & the sustainable development goals: A framework for effective corporate involvement(p. 123). Erasmus University Rotterdam. Xue, L., Weng, L. and Yu, H., 2018. Addressing policy challenges in implementing Sustainable Development Goals through an adaptive governance approach: A view from transitional China.Sustainable Development,26(2), pp.150-158. Zucchella, A. and Previtali, P., 2019. Circular business models for sustainable development: A “waste is food” restorative ecosystem.Business Strategy and the Environment,28(2), pp.274-285.