Strategic Management and Sustainability: Literature Review Report

This report provides a comprehensive literature review on strategic management and sustainability, focusing on the role of the private sector in addressing global challenges and achieving Sustainable Development Goals (SDGs). It examines issues such as climate change, water and food crises, poverty, conflict, and inequality, and analyzes how businesses, particularly within the manufacturing sector, can contribute to solutions through innovation and corporate social responsibility. The report synthesizes perspectives from various authors, exploring the importance of strategic planning, organizational objectives, and the impact of corporate actions on the environment and society. It also discusses the benefits and limitations of corporate social responsibility, emphasizing the need for sustainable practices and ethical business models to ensure long-term success and positive societal impact. The report concludes with a summary of key findings and highlights the critical role of the private sector in driving sustainable development.

STRATEGIC
MANAGEMENT AND
SUSTAINABILITY
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TABLE OF CONTENT
INTRODUCTION...........................................................................................................................3
MAIN BODY..................................................................................................................................3
Global challenges and their solutions..........................................................................................3
CONCLUSION................................................................................................................................7
REFERENCES................................................................................................................................8
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INTRODUCTION
Strategic administration is a continuous operation of planning, organizing, observation
and investigation of all essential elements within the organization in order to meet organizational
objectives and goals. There are various challenges that has been faced by the company in context
of business environment which requires constant assessment of strategies which leads them
towards success (Parameswar , 2019). Sustainability is a term which expresses that meeting the
company needs and there should not be any changes or modifications in the capability that can
be exercised in order to meet their personal needs and desires along with the fulfilment of society
requirements as well.
The report will include the perception of various authors on the topic related to global
challenges that has been faced by manufacturing sector in terms of climate, water and food crisis
which leads to poverty and inequality problems. Apart from this the study will also highlight
solutions that can be delivered by manufacturing sector which represent large and growing
market in order to innovate business.
MAIN BODY
Global challenges and their solutions
According to Kuzlaeva, (2017) global issues are the problems that affects the people,
society and even affect the planet as a whole. Climate change is one of the clear example of
global problems because the consequences of humanly generated changes within the atmosphere
will effect different ways according to their region. The consequences are universal and does
affect the total population in long term.
Moreover, the Yakymchuk, (2019) states that, after the changes within the collective
behaviour of the society people, the climate conditions becomes better for life and thus prepare
the society in order to face such issues and take necessary actions towards them. The current
situation are completely that in integration with the economy, stance and behaviour of people
towards nature, political organization, technological capabilities and upon the usage of resources.
Solution involves not only the communities but also the involvement of cooperation between all
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of them rather than their individual approaches. Climate pollution damages the economy that
ultimately cause air pollution.
As per the view of Tverdushka, (2019) it has been stated that there are different
companies that contribute to pollution in various ways in term of pollution intensifying
behaviour. However, there are some companies which contributes towards the reduction in air
pollution which is mostly driven by cleaning up of product generation and utilities. There are
certain measures that has been taken by manufacturing companies which reduces emission of
wastage in less and reduced manner which ultimately provides some kind of relaxation to the
climate and the planet as whole. Such reduced emissions also affects the air within the global
environment and helps to enhance the overall life style of the people as well.
In the view of Straus, (2017) another factor of global issue or problem is industrial water
wastage. Water wastage is not only done by oil, gas, chemical or mining industries but also by
food and beverage production industries which are highly important industries for the people
living in the society because it generates clothes, food and all necessary items of the people. It
has been identified that there are some laws that has been followed by the companies. Some
companies follow organic and non-organic pollutants to water used in production that is in
managed manner.
In view of Robinson, (2019), it has been shared that there are some measures that has
been taken by the certain companies of UK in order to deal with the issue related to water
wastage in appropriate manner. Filter presses has been used in order to preserve water and enable
treatment of water waste. With the help of utilization of advanced filter water press technology,
manufacturers are able to dewater their waste effectively according to state or local rules and
regulations. With the properly designed equipments in manufacturing industry, the companies
are able to reduce the wastage of water and enhances optimum utilization of resources which
thus also impacts the environment and increase reusing or conserving precious water resources.
Bolzani, (2018) reflect that another factor which includes in the global crisis which
affects the economy of the UK is the food crisis. The increase in the prices of food items has
been widely documented at certain times which creates global problems related to food
insecurity and thus also highlighted the inadequateness of the international system of response.
Food security occurs at the time when consumers can easily take advantage of healthy food in
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order to satisfy the necessities for healthier living and in ways the planet can sustain the
resources for future as well.
However, Govindan, (2017) explains that there are various challenges that has been faced
across manufacturing industry which enhances the requirement of research of the topic in order
to solve the problems. Various individuals regularly address the daily problem of hunger and
larger than two billion people face lack of vital nutrients that highly affects their lives expectancy
and health. Climate changes also contributes their maximum in order to enhance the food crisis
situation in UK. The elevated level of CO2 reduce the nutritional content of grains. Thus it has
been identified that with the increase in population the enhancement of food items and grains are
also necessary. The major challenge is to understand the re-designing of food scheme to become
flourishing sustainability and more bendable towards climate change which helps the country to
meet the sustainable development goals.
From the point of view of Jordan, (2017) it has been identified that poverty, conflict and
inequality are also major global issues which needs to be resolved within particular time duration
in order to achieve the sustainable development goals of the economy. It has been identified that
billions of people are still cannot gather the resources that are necessary to survive and to
prosper. The efforts of domestic resource mobilization with the help of taxation, though difficult
to funding the sustainable development goals, can negatively impact the poor people.
Bailey, (2019) reflects that through certain steps the country is able to handle economic
policies more appropriately as with the help of sustained economic growth the enhancement of
total income in society increases which may result in more jobs and income which could be
administered. Economic growth is the major factor in reducing the level of poverty. With the
reduction in unemployment level the economic growth does increases. Poverty and
unemployment are both parallel problems or can be stated as geographical problems which could
include government subsidies for companies to set up in remote areas. Enhancement of
progressive taxes such higher income tax rates will take more income from those who are at high
income level.
Hussain, (2018) explained in their study that in order to reduce the effects of global
challenges that has been faced by country has been reduced with the help of adoption of effective
corporate social responsibility policies in order to remove challenges that has been faced by
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various companies. CSR activities are highly important in today's world including financial
contributions, eco-friendly exercise and many other ways by which the enterprise whether tiny or
sizable can give their back to the assemblage. With the help of effective CSR activities the
companies are able to build their brand image within the market space. On the other hand
Pereira, (2020) contradicts that those companies who are failed to take responsibility for
corporate social responsibilities has faced severely damaged brand image within the business
environment. Consumer asking often heighten when customer's behaviour is immediately linked
to generous endeavor that are highly important to its customers. Effective CSR activities attracts
the best and skilled talented people towards their company and also improves the employee
retention rates. When an organizations leaders involved in decision-making activities, it gives
workers a greater awareness of investment within the organization. The benefits of CSR includes
reputation building, talent retention, enhanced brand image and connection within the market
space.
From the perception of Arnold, (2018) it has been analysed that corporate social
responsibility and sustainable efforts ensure the companies own survival in front of their
competitors. There are certain changes that affects the company production level which rely on
natural resources and through this the company will able to follow more sustainable exercise that
will not destruct the land or society people life. The changes are not only good for the
environment but it is a valuable investment that sets the base for the company in order to operate
the business effectively in long run. Corporate social responsibility is beneficial for positive
work environment has gives benefit to the company drastically. Addition of volunteer effective
programs into the company culture in which the people from different culture get to know each
other which also encourages personal relations and trust as well. Such thing can become more
productive for work environment within the organization and in outside world as well for the
image of the company.
From the point of view of Yakubu, (2019) it has been identified that corporate social
responsibility also attracts new talents within the organization in order to make the brand image
of the company. This strategy works as the source for the future employees who want to work
desperately within the good and reputed organization that will share the company values as well.
CSR activities gives a lot of benefits to the company as it helps to reduce cost and enhance
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savings as by reducing resource usage, waste and emissions, the company is able to help the
environment and save the money wastage too. Activities help in improving values and
profitability of the company in total. It also enhances the organizations' reputation within the
market place and employees mind as well. With the positive environment, employees are also
like to work with them as they feel highly motivated and satisfied while working in that culture.
It also brings and assist to bring motivation among the employees.
While on the other hand the Jóhannsdóttir, (2019) states that the corporate social
responsibilities are such kind of activities which require higher cost and expenses to implement
the CSR plans and policies within the organization specially in small enterprises. It can enhance
the investors' resistance that are publicly responsible as major part of people would consider it
for investment with a hope of generating high profits within the organization. Initially the people
are tended to become adopt various CSR activities but now with the time passes the group are
become more patient and expect clamant results through such programs. When employees are
unable to extract instant results then they feel this activity as a waste of time. For organizations,
it becomes difficult to make customers understand about such programs that this will take time to
show results. As per the organizations point of view it becomes important to have patience and
trust their customers with full dedication and conviction.
CONCLUSION
From the above report it has been concluded that sustainability is highly important in
order to meet the organizations goals and objectives through effective strategic management.
Exercise of strategic establishment trim down the risk of business activity by helping the
organization to innovation within time frame and take necessary actions as early as possible.
There are various global challenges that has been raised issues related to poverty, climate
change, water waste, food crisis, conflicts and equality within the society. The study shares
complete information related to the topic in terms and perspective of different authors and
complete understanding which helps to analyse the topic in detail along with the solutions which
provides their complete knowledge about corporate social responsibilities along with their
advantages and demerits in context of activities. According to various authors, the perception
about the importance of CSR activities has been evaluated and certain limitations which has been
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taken by companies in order to fulfil the requirements which gives benefits to the social
environment as well.
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REFERENCES
Books & Journals
Bindra, S., Parameswar, N. and Dhir, S., 2019. Strategic management: The evolution of the
field. Strategic Change, 28(6), pp.469-478.
Kuzlaeva, I.M., Lisova, O.M. and Saveleva, N.A., 2017. Strategic management of clustering
policy during provision of sustainable development. In Integration and Clustering for
Sustainable Economic Growth(pp. 413-421). Springer, Cham.
Tverdushka, T.B., Olejarz, T. and Yakymchuk, A.Y., 2019. The Strategic Management in Terms
of an Enterprise’s Technological Development. Journal of Competitiveness, 11(4), p.40.
Mascarenhas, A., Bain, J. and Straus, S.E., 2017. Developing a comprehensive definition of
sustainability. Implementation Science, 12(1), pp.1-8.
Purvis, B., Mao, Y. and Robinson, D., 2019. Three pillars of sustainability: in search of
conceptual origins. Sustainability science, 14(3), pp.681-695.
Longo, M., Micheli, P. and Bolzani, D., 2018. The evolution of sustainability measurement
research. International Journal of Management Reviews, 20(3), pp.661-695.
Pati, R.K., Padhi, S.S. and Govindan, K., 2017. Evolution of sustainability in supply chain
management: A literature review. Journal of Cleaner Production, 162, pp.299-314.
Hildén, M., Jordan, A. and Huitema, D., 2017. Special issue on experimentation for climate
change solutions editorial: The search for climate change and sustainability solutions-
The promise and the pitfalls of experimentation. Journal of Cleaner Production, 169,
pp.1-7.
Kwon, S.W. and Bailey, D.B., 2019. Examining the variation in local water sustainability
practices. The Social Science Journal, 56(1), pp.107-117.
Hussain, T. and Wahab, A., 2018. A critical review of the current water conservation practices in
textile wet processing. Journal of Cleaner Production, 198, pp.806-819.
Pereira, L., Priya, R. and van Zwanenberg, P., 2020. Transformations to sustainability:
combining structural, systemic and enabling approaches. Current Opinion in
Environmental Sustainability, 42, pp.65-75.
Arnold, M.G., 2018. Sustainability value creation in frugal contexts to foster Sustainable
Development Goals. Business Strategy & Development, 1(4), pp.265-275.
Yakubu, A. and Aziz, A.H.A., 2019. The Role of Waqf in Economic Sustainability and Poverty
Reduction. INTERNATIONAL JOURNAL OF ACADEMIC RESEARCH IN
BUSINESS AND SOCIAL SCIENCES, 9(12).
Agudelo, M.A.L., Jóhannsdóttir, L. and Davídsdóttir, B., 2019. A literature review of the history
and evolution of corporate social responsibility. International Journal of Corporate
Social Responsibility, 4(1), pp.1-23.
Abbas, J., 2020. Impact of total quality management on corporate green performance through the
mediating role of corporate social responsibility. Journal of Cleaner Production, 242,
p.118458.
Wang, Z. and Sarkis, J., 2017. Corporate social responsibility governance, outcomes, and
financial performance. Journal of Cleaner Production, 162, pp.1607-1616.
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