StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

Sustainble business - Essay Example

Cite this document
Summary
In the contemporary business environment, firms are increasingly becoming responsive the concept of sustainability. In particular, Tesco among other major retailers in the world are pursuing…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER91.8% of users find it useful
Sustainble business
Read Text Preview

Extract of sample "Sustainble business"

SUSTAINABLE BUSINESS and SUSTAINABLE BUSINESS The success of any given business is subject to the influence of many different factors. In the contemporary business environment, firms are increasingly becoming responsive the concept of sustainability. In particular, Tesco among other major retailers in the world are pursuing sustainable business practices as social, economic, and environmental concerns heighten in the business setting (Tesco, 2013). In this respect, sustainable business is the next critical concept that will drive business enterprises into their future success.

Sustainable business as a practice is aligned with the prospects of globalization. Social, economic, and environmental issues caused by businesses have prompted firms to act against the negative impacts of their operations (Folke & Gunderson, 2010). In essence, businesses are increasingly embracing green operations and/or strategies. The idea of sustainability is to ensure that business decisions account for the welfare of the entire society. In this respect, businesses are developing green products, employing sustainability-driven production mechanisms, or promoting environmentally friendly means of doing business.

The ultimate objective is to shift from traditional competition practices to contemporary and greener modes of business within a highly competitive setting.The theory of sustainable business is subject to the influence of four major pillars, namely: economics, ecology, social science, and evolution (Holling, 2000). These pillars inform the completeness of sustainable business theories. The economic factor is critical in explaining both business and social welfare in the society. Business operations that negate the economic welfare of the masses fail to account for sustainable business practices.

Drawing from principles of economics, sustainable business has to be financially viable and most importantly fit for future generations.Ecology and sustainable business connect based on maintaining, conserving, and protecting dynamic systems that define environmental relationships. Ecological systems host diverse and dynamic species, all of which compete with one another in many different ways. In this respect, sustainable business cannot afford to destroy ecological relationships that define people-nature interactions.

Moreover, social science and evolution also play a central role as far as sustainable business is concerned. The interaction of people and nature crates many different developments that subsequently result in evolutionary processes (Penfield, 2008). For example, human behaviour in business exploits natural resources, thus changing the ecological systems and structures from time to time. In so doing, economic and welfare issues emerge. At the height of these observations, sustainable business comes in to quell the mounting pressures in that regard.

The application of sustainable business practices is evident in the contemporary global setting. In particular, Tesco, and England-based retailer, strives to become a leading green business in the world. The retailer channels its economic profits towards corporate social responsibility, in response to the emerging need for improved personal, social, and economic welfare in the world. Most importantly, Tesco’s bid for sustainability has seen the company stop testing its label care products on animals.

In conclusion, sustainable business has a gone a notch higher with Tesco’s ultimate goal of reducing carbon footprint within and across product supply chains (Tesco, 2013). In so doing, the retailer integrates social, economic, and ecological concerns to create a one-stop business strategy that accounts for the business’s sustainability both in the short-term and long-term.ReferencesFolke, C. & Gunderson, L. 2010. Resilience and global sustainability. Ecology and Society, 15(4): 43. [Online] Available at: http://www.

ecologyandsociety.org/vol15/iss4/art43/ Holling, C. S. 2000. Theories for sustainable futures. Conservation Ecology, 4(2): 7. [Online] Available at http://www.consecol.org/vol4/iss2/art7/ Penfield, P. 2008. Generating for the Environment, Drive down costs while helping Mother Nature. APICS Magazine, Vol. 18, no. 6.Tesco, 2013. What Matters Now: Using out Scale for Good. Tesco and Society Report, 2013 [online] available at: http://www.tescoplc.com/files/pdf/reports/tesco_and_society_2013_ipad.pdf

Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Sustainble business Essay Example | Topics and Well Written Essays - 500 words”, n.d.)
Sustainble business Essay Example | Topics and Well Written Essays - 500 words. Retrieved from https://studentshare.org/management/1630503-sustainble-business
(Sustainble Business Essay Example | Topics and Well Written Essays - 500 Words)
Sustainble Business Essay Example | Topics and Well Written Essays - 500 Words. https://studentshare.org/management/1630503-sustainble-business.
“Sustainble Business Essay Example | Topics and Well Written Essays - 500 Words”, n.d. https://studentshare.org/management/1630503-sustainble-business.
  • Cited: 0 times

CHECK THESE SAMPLES OF Sustainble business

Project as an Intern at a Design Film

(Name) (Institution) (Tutor) (Date) Project as an Intern at a Design Firm Introduction The vital principles of business must be integrated in any business project for it to realize its goals and objectives in a competitive market.... Another key is the assembly of the client team which gave an outline of factors to be considered when hiring personnel in the business, which resulted in overcoming the cultural and operational differences experienced....
10 Pages (2500 words) Essay

2052: Meeting the Challenge of Sustainable Business

This paper will focus on the airline and global forecast for the next forty years … Air Fantasy 2052: MEETING THE CHALLENGE OF SUSTAINABLE business Name Course Institution Introduction The year 2052 is the target year for Air Fantasy that will start operations in that year.... This paper will focus on the airline and global forecast for the next forty years concerning achieving sustainable business for Air Fantasy in the aviation industry....
4 Pages (1000 words) Essay

Environmentally Sustainable Business

This paper provides an analysis of an environmentally sustainable business.... This evolution of business and societal concern has led the business to re-embrace its formerly displaced social orientation and assume increased responsibility and consideration for both social and environmental well-being.... hellip; The relationship between business and society has undergone many changes throughout its inception.... Globalization and ever-changing advances in information technology and the emergence of ethical investment opportunities have resulted in an increased focus on community and business smooth relationship....
7 Pages (1750 words) Literature review

The Natural Step Business Model

rganisational sustainability can be defined as managing a particular business that can meet present expectations, without compromising on the ability of future generation of management, in order to meet future expectations.... The goal of Mangan is actually twofold - to promote the wider adoption of BPS programs and also to create business out of helping the companies adopt such by-product synergy programs.... here has been a lot of research in the field of sustainable technology and design along with the adaptation of business tools, but in most of the instances, the well designed technologies fail to become broadly adopted, not due to the fact that there are flaws in the technology but due to the reason that there is inadequate sustainable method of servicing, distributing, and improving the technology....
12 Pages (3000 words) Case Study

Aviation Industry Sustainability

Proponents of the new societal issues are normally ignored or dismissed by the business community and authority.... The United Kingdom aerospace is responding to the environmental pollution by commissioning research and development in a bid to understand more about aerodynamics… In addition, the airlines are implementing formal monitoring and reporting systems of noise and emissions as part of their commitment to mitigate noise and emission to the Other initiatives include development of aero-engines that are friendlier to the environment and airframes that are efficient....
7 Pages (1750 words) Essay

Sustainable business

A sustainable business is a “business that contributes to an equitable and ecologically sustainable economy”, according to Sustainable business.... Sustainable businesses offer such good and services to people that are environment friendly and foster the well-being… Businesses that generate energy, treat water, produce resources for industrial processes, and provide transportation food to people are all sustainable businesses because they ensure that human impact on environment is lessened through such products that What is Sustainable business?...
1 Pages (250 words) Essay

Sustainable Food Business Sector

This research is being carried out to explore triple bottom line issues affecting broader sustainable food sector, specific marketing challenges facing this business sector and potential strategies and tactics for a more sustainable and mainstream future.... The term sustainability of performing business operations without harming the environment, offering fair wages to the farmers, and extending also possible support to the farming communities....
13 Pages (3250 words) Essay

Sustainable Development of Production of Cars

This study would be centred towards identifying such product or service which has a significant impact on environment.... The production as well as… It has been observed that Car production and consumption causes serious impact on external environment.... A new car production results into equivalent carbon pollution in relation to its Zipcar can be taken as a service which causes such environmental implications....
18 Pages (4500 words) Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us