services (Global Reporting Initiative 2002). In addition, an organisation achieves competitive advantage by winning the ‘war for talent’, which is the ultimat... ... middle of paper ... ...anagement in Australia: Strategy, people, performance 3rd., Sydney, Australia: McGraw-Hill. Dowling, P.J., Festing, M. & Allen D. Engle, S., 2008. International human resource management: Managing people in a multinational context 5th., Boston: Cengage Learning. Global Reporting Initiative, 2002. Sustainability
Do Good, LLC. N.p., n.d. Web. 22 Nov. 2013 WCED “Our Common Future, Chapter 2: Towards Sustainable Development - A/42/427 Annex, Chapter 2 - UN Documents: Gathering a Body of Global Agreements." Our Common Future, Chapter 2: Towards Sustainable Development - A/42/427 Annex, Chapter 2 - UN Documents: Gathering a Body of Global Agreements. N.p., n.d. Web. 21 Nov. 2013. (APD) “Africa Product Development” N.p., n.d. Web. 22 Nov. 2013. John Elkington, "Towards the Sustainable Corporation: Win-Win-Win
greenhouse gas (GHG) emission, particularly from industrial production, to combat global climate change is one of the biggest sustainable development challenge for the international community. Countries are adopting Nationally Appropriate Mitigation Actions (NAMAs), low carbon development strategies and climate change policies to tackle issues of climate change and at the same time meet their development goals. At the global level, United Nations Framework Convention on Climate Change (UNFCCC) and Kyoto
Globalization has resulted in broadened relationships worldwide. These connections have created challenges for organizational leaders. The concept of liability extends far beyond customers and suppliers; organizations have become responsible for worldwide social welfare and the environmental impact of operations. Within integrated supply chains, managers have looked across traditional boundaries to interfirm relationships to manage risk and advance corporate social responsibility (CSR) requirements
enterprises or translational corporations is to maximize shareholder wealth. MNCs enact corporate strategies to improve cash flows, market share, and eventually enhance shareholder profit. Shareholders today expect double-digit returns, yet the global economy barely accomplishes an annual average rate of growth of only 2-3 percent especially since the unfinished financial crisis in 2009. Mired in domestic saturated markets, MNCs has gone beyond local investment to invest This is partially the
investment, revenue and trade and employment globally. Within the industry there are short product life cycles, an immense product portfolio, unpredictable customer preferences and opaque supply chain processes. (valueline.com, 2013) Market value: The global fashion industry grew in the last 3 years in average 2.76%. Year $ Billion % Growth 2010 1,180.7 2.2% 2011 1,211.9 3.5% 2012 1,249.3 2.6% The industry sells its good through 3 channels and their sales with the market share: (http://www.mmh.com/wp_content/sdi_wp_content_073013
achieve their vision, mission and long term goals. Initially the incorporation of sustainability initiatives with the profit maximisation motive of the company was based on the following factors: • Incorporation of the sustainability measures in the VMO of the company. • Extended support from the higher authorities towards these measures. • Involving all stakeholders to become a part of the initiative and take them into consideration on all sustainable activities. • Observing, evaluating and process
energy efficiency and the corresponding stewardship of the firm’s resources also has the additional benefit of mitigating the firm’s future dependency on an unstable energy market. This has convinced many top executives of the importance of this initiative since it can easily be ascertained that this will have a significant impact on future profitability when energy sources become scarce and the market responds with much higher prices. In mitigating this risk now through sustainable practices, a firm
When needing to understand the true issue and coming to a valuable solution, time may be considered an enormous issue as implementation of a solution may require quick action. Quantitative research As indicated, research requires a process in order to collect data and analyze the data to come to a correct conclusion. Quantitative research is different from the qualitative research as researched above. Quantitative research focuses on amounts or quantities of one or multiple variables (Leedy, &
information on the emergence of sustainability reporting and sustainability issues. Research problem discussion is also included that leads to the research objectives and research questions around which this research is proposed to be built. Further on the significant of the research and the target group that the research is aimed at are presented. 1.1 Background Nowadays, there are a lot of social, environmental and economic issues arise for instance global warming, economic fluctuations, climates changes
adverse impacts from their operations on the ecosystem. For example, investing in sustainable development, such as solar power, can generate profits for the company without harming the planet (Measures, n.d.). The drivers and motivations behind TBL reporting are to improve corporate social responsibility, enhance reputation, and attract socially responsible investors (Slaper & Hall, 2011).
The issue of Global sanitation, specifically when pertaining to plumbing systems and access to proper toilets, is of primary concern amongst health experts and more recently, governments of developing nations, such as Indonesia and less developed areas of India. With limited sanitation networks, poor public health initiatives have negatively impacted economies, the standard of living within societies, the general health of populations, and death rates from preventable diseases due to feces-infected
Medical errors can cause significant morbidity (specific disease) and mortality (death) in hospitalized patients. Reporting of medical errors by healthcare providers is an important strategy to enhance patient safety. Reducing medical errors is central to efforts to improve quality and lower costs in healthcare. Healthcare is continuously growing as new technologies are developed that allow healthcare providers to diagnose and treat more illnesses, creating an environment to reduce the medical
Sustainability may be defined as the process by which companies strategically interlink their financial, social and environmental risks, obligations as well as opportunities. These three may be referred to as profits, people and planet. The Oxford Dictionary describes sustainability as follows: Able to be maintained at a certain rate or level – sustainable economic growth. Financial sustainability may be achieved when a business has the power to provide the market with products and services at
The Concept of Corporate Social Responsibility With the interest in Corporate Social Responsibility growing, increasing numbers of organisations are incorporating CSR into their business operations in an effort to be seen acting as good corporate citizens, so what is CSR & what is it's role in today's organizations? The term CSR refers to a company?s obligation to maximize its positive impact on society, accommodating changing social, market & stakeholder pressures in an effort to achieve
There are hundreds of definitions of corporate social responsibility, or CSR. The one we think says it the best comes from the International Organization for Standardization’s Guidance Standard on Social Responsibility, ISO 26000, published in 2010. It says: “Social responsibility is the responsibility of an organisation for the impacts of its decisions and activities on society and the environment, through transparent and ethical behaviour that: •Contributes to sustainable development, including
certification awarded by the U.S. Green Building Council. ITC Maurya was awarded for being a leader in eco practices in India, thanks to the property’s history of implementing sustainable initiatives for over two decades. These include using the largest and first on-site Paraboloid solar concentrators, a first for the global hospitality
“Corporate Social Responsibility is a hard-edged business decision. Not because it is a nice thing to do or because people are forcing us to do it because it is good for our business” – Niall Fitzerald, Former CEO, Unilever This quote came from the sustainability page of Unilever website. This company’s website also has statistics about what the firm is doing to plan for sustainable growth in the future and how they are changing to become more environmentally friendly. Additionally, Unilever has
The book revealed why Starbucks is one of the fastest-growing companies in recent years. Starbucks ' story is endlessly fascinating because of the unusual way the company has built a global chain and a global brand, explains Joseph Michelli, a Colorado Springs, Colorado, consultant and author of The Starbucks Experience: 5 Principles for Turning Ordinary Into Extraordinary. Moe, CEO of ThinkEquity Partners in San Francisco and author of Finding
Host Europe is an excellent example of the European Commission’s vision of corporations taking the steps toward CSR. Looking at Host Europe, the company has invested great deal in CSR as it relate to energy use and the green data initiative. At the end of their initiative for anew green data center, Host Europe had established server energy-efficiency by 75 percent. Even with such as great success, Host Europe saw other measures that could further improve CSR. Host Europe sustainability report identified