Concepts of Sustainability

Concepts of Sustainability

Introduction

Sustainability seems to be the worst challenge in the future and the present management of business organizations. The environmental and social-economic factors lead to raising the issues to the upcoming generation to enable them to meet all their management needs.Human resource management refers to the strategic and business legal approaches to practical and legal management of business employees in an organization to positively impact the industry with an advantage gain in its competitive environment. Human resource management maximizes the performance of its employees in the provision of services to its employers in the achievement of the business objectives. The human resource departments in the business are supposed to oversee the benefits of the employee through recruitment, employee training, reward, development, and performance appraisal. The department takes part in industrial relations and changes. It entails balancing the business requirements and the practices in the corporation from the statutory laws and collective organizational bargaining. Al these elements in a business organization can only be achieved through corporate sustainability (Rockström et al.,2017).

Business sustainability entails the coordination and the management of social finance and the environmental concerns and the business demands in providing ethical standards and responsibilities in enhancing business success. The roadmap in human resource management enables the managers and the organization to understand the most effective elements adopted in enhancing improving business sustainable performance and the business corporate and social enterprise responsibility. The human resource managers and the business professional have a critical part in ensuring the achievement of business objectives and sustainability. The corporate social responsibility and success of the business organization can only be determined by through total involvement of business employees. Sustainability involves the commitment of the business enterprise in balancing contribution and the financial outcomes and the employee’s life in the society and their environment (Wehrmeyer, 2017).

Concepts of sustainability

The economic, social, and environmental; demands refer to the there main pillars for business sustainability. The elements refer to the most primitive bottoms lines evaluating the short-term impacts of business efforts in maximization of business profits. Generally, the environmental and social business concerns have raised business conflicts in the achievement of the business financial objective. Ideally, the depletion of the business resources, for example, the non-renewable resources provides an unsustainable business activity.

Conversely, there are business alternatives that may require infrastructural investments, relying on the resources; for example, the fossil fuels in a business organization seems to be the cheapest method a business organization can adopt. The return on investment timeline represents the requirement for the business to achieve its sustainable goal. On the other hand, the initial business investments increase the business profits, for example, the use of free cooling in the business data and information centers (Rockström et al.,2017).

The concepts entail the use of natural phenomena in controlling the business temperature. The purpose of the technologies involves an enormous amount of financial resources for the business organization, but the availability of renewable resources effectively impact the business units. Business investments involving ethical and social business practices increase business costs. On the other hand, business investments enhance branding, public relations, and business branding, which generally maximizes the business profits. Sustainability is the most critical factor in a business organization, particularly to the new and young employees. The human resources departments in every business organization take a dominant position in driving business sustainability initiatives.

Conversely, there is a disconnection arising from the human resource managers and business professionals in the implementation and creation of the business strategies and sustainabilities in the business enterprise. According to research, not more than 7% of-of human resource managers involves themselves in the development of sustainability strategies and business programs. A smaller percentage of most of business organization managers and employees are practically engaged in the implementation of sustainable business programs (Rockström et al.,2017).

Barriers and Drivers  to sustainable Initiatives

There is a need for human resource managers and professionals to take initiatives both in planning and leadership in enhancing sustainable business environments. The main drivers of sustainability in business include the business environment, its contribution to the members of the society, its safety consideration, and the financial advantage. In the implementation of the strategies, there are various barriers present in the business report such as increased cost, difficulties in return measure for the total business investments, and inadequate knowledge of the internal business capacity. The positive, sustainable business initiatives entail improvement of the business procedures, increased recognition of the business brands and workers loyalty, the consumer image, and employee or entrepreneurial morale. The morale in the business employee represents the most critical factor in sustainability in a business organization. A business organization should not only make its employees happy but also it should train its workers on business standards. The business employees should be able to cooperate with business friends surving them with the business pride (Rockström et al.,2017).

The potential workers in a business enterprise distinguish the types of business firms that sustain their employees and those who use the slogan for their reasons. The general public usually looks at the business authenticity in that they want to recognize the firm’s management and their products. Small business organizations can infuse business duties with business sustainability. These types of business can bring their operations in one single department compared to the large business companies. Generally, all business organizations, either large or small, needs a sustainable tool to compete with other business organization in the maximization of business profits. The manager and the business shareholders should involve the entire members of the business organization to minimize the overstated sustainability business brand. The human resource departments are the most significant units in the success of every business organizations (Wehrmeyer, 2017).

Return on Investment

The contribution of business sustainability tends to be the most critical element in a business organization. According to research, it shows that not more than 45% of the business companies report a positive return on business investments at the end of the trading period. The smallest percentage of business firms seems to be in the break-even point of business sustainability. The program generates positive results to business investments resing the business profits at the end of the trading period. The business organizations must identify the primary factors and practices of their business organizations measure and monitor the firm’s impacts to create the foundation for business development. The workplace contribution and flexibility of the business program presents the main concerns for most business employees. The use of telecommunication method by business employees provides flexibility in minimizing the business energy and pollution.T he integration of sustainability in the strategic business structure enhances business activities since it incorporates policies and goals in the business planning. The support from the business executives improves the company’s sustainability and advancements. The business employees, regardless of their position in the firm, should value the business sustainability. The management of a business firm should leverage the company’s viability to retain and attract business employees (Rockström et al.,2017).

Stakeholder Theory

Every business organization has its morals and values of co-operating and social responsibility in the management of the business companies. The business ethics accounts apply to business suppliers, creditors, employees, and the external business environment. The strategy entails the market and the resource views in the political and social levels. The stakeholders business theory defines the companies stakeholders examining the conditions within which the business entrepreneurs treat the other parties of the business stakeholders. The method, particularly in the human resource management of a business organization, challenges the business frameworks.The approach put the needs of the business stakeholders before taking any action that may negatively or positively affect the business firm (Rockström et al.,2017).

The analysis of the business stakeholders compliments the management issues in the examination of individual, organization, and societal cases.in this case, the stakeholder map applies in the identification of the business stakeholders. Stakeholders map represents the elements of management identifying the interests of the business shareholders their involvement and their specific classification in the business projects. The mapping of business stakeholders ensures that each member takes part in the decision making and adequately communicates in the business project. Significantly, the maps help in the prioritization of the business stakeholders by influencing their participation in the company’s plan. The process involves naming and identification of the business stakeholders. The stakeholders have different interest in the business project, for example, project change, content, or funding. The importance of the members, the shareholders, are, therefore, indentified in the business project. Those stakeholders with multiple responsibilities and business interests provide communication facilities in the accomplishment of the business project. The shareholders take a passive or active role in the achievement of the business objectives. The manager in the business project prioritizes the needs of each  business shareholders, therefore, appraising every member in the project progression due to the use of the member’s information in addressing the business concerns (Rockström et al.,2017).

Frameworks for sustainability

Globally, there are various companies and business firms producing similar products in the competitive business environment. Therefore these business organizations are going through multiple changes to satisfy their customers and maximize profits at the end of the trading period. During these periods of change, LAKME business organization needs to embrace and define its frameworks rigorously to enhance its suitability. The structures help in the achievement of the intended objective through the development of a business foundation that enables a business firm to achieve its goal and business sustainability (Wehrmeyer, 2017).

The measurement for LAKME business organization sustainability involves the need for the business organization to satisfy its consumers particularly for the new generation.T he business should therefore not jeopardize the needs of the future generation since it consumes little amount of business resources sustainable to each in the organization involving fairness and equality in the provision of services to its consumers. Therefore, sustainability in the business perspective becomes risky since some business organizations need to succeed in their business situations. Generally, for a business organization to realize there is a need for the organization to evolve to enable the organization cope with the business inevitable circumstances such as overconsumption if business resources (Rockström et al.,2017).

ICurrently, there is a need for the business organization to consider the financial downtown. Sustainability involves the survivability of business firms, the business organizations with the highest amounts of profits, and the business companies which survives the social and the environmental scrutiny. Sustainability framework requires accurate measurement of the mainstream business factors used by the financial managers and professionals when measuring the business valuation and profitability, for example, the business cash flow, and the business return on the amount of capital. The frameworks judge the business companies, particularly for the changing companies considering the ESG risks factors (Voegtlin & Greenwood, 2016).

The business organization should measure their sliding business scale for sustainability involving one score.T he scores one of the best sustainable business organization across the globe where a score of zero represents the business companies that may not survive in the business world. The business company should involve all business factors to strictly survive where it must consider the mainstream and the ESG business factors to enhance assessment of the organizational risks. Unavailability of social, environmental, financial factors in a business company reduces the business performance to zero. Generally, most of the business companies score a .2 to a.6 where most of them skew between .4 and .6, therefore, making it a coefficient for most business organizations to invest more and maximize profits at the end of the trading period. When a business company fails to satisfy one of the ESG factors, the business becomes disqualified. Therefore LAKME business company needs to consider all the ESG factors to enable the organization score at least 29% to minimize the chances of disqualification. There is a need for breaking the ESG factors to both social and economic perspective to balance sustainability to more than 3.0 (Nankervis et al.,2016).

Environmental risks– Most of the business firms attempts to develop innovative solutions to minimize the cost of their business revenue. The ecological impacts seem to affect most business profits due to HSBC index change due to the value of the income.LAKME business company should, therefore, minimize the risks and impacts caused by the environmental factors in the creation of business opportunities and maximization of profits in the future.

Social Risks– Ideally it’s hard to quantify the social business metrics, although some business companies have reviewed various considerations involving diversity workers relations and individual rights in their business firms. Therefore the business companies must be able to consider all these factors to retain the business employees and shareholders. The business firms, on the other hand, should avoid keeping the consumers of the type whose interests evolves around choice and importance. There is a need for most business companies to demonstrate their attributes in maintaining exchange business and cooperate membership. Most of the countries have adopted the strategy since most of the investors insist on reduced investments by business companies to reduce opportunities and risks in the business companies (Nankervis et al.,2016).

Sustainability Strategy

The increase in sustainability increases the business boardroom plan due to the rise in business integration into strategic and corporate business planning. There is a need for most business companies to regulate its business regulations to ensure the protection of the business supply chains by developing performances and opportunities for strategic and sustainability advantage. The integration of detailed and improved durability in the business plan considering the future needs of the business enables the creation of long term value for the business company. In such a case, most of the business organization goes through challenges such as trust from the members of the public in the sustainability of its business vision. In the development of the sustainability strategy, there is a need for the development of a plan to improve the sustainability of the business firm to cater for its future needs (Jabbour, & de Sousa Jabbour, 2016).

Improvement Plan

The business firm should identify its main goals and business issues, putting more pressures on its essential objectives. The company should, therefore, raise its awareness to the employees and shareholders to increase the sustainability of the business firm in the achievement of the organization goals at the end of the trading period. The company should give more priority to both commercial and sustainability perspective to enable the organization to recognize and increase its efficiency in business opportunities and growth. The business should map the company’s long and the short term goals  and business ambitions to enable assessment of business risks in the business organization. To improve future performance, the business organization should support integration and the total alignment of the sustainability to the overall corporate plan. The business aims at maximizing profit at the end of the trading period. Therefore it should deliver and develop a robust strategy program which entails milestone, initiatives, indicators, and  measurable business performance and targets reachable by the business company. The sustainable business strategy encompasses business needs and secures the business firms from occurrences therefore enhancing the positive reputation of the business firm. The sustainable plan involves innovation engaging the organization employee, thus attracting the business consumers. The model shows the business compliance to the market and cooperates differentiation for future profitability and the company’s growth (Bringezu & Bleischwitz, 2017).

Conclusion.

Sustainability should develop business strategies and solutions to protect and provide human and environmental needs. It ensures achievement of business equality, ecological and cultural integrity for the development, and realization of the company’s objectives at the end of its trading period.  The move has led to the adoption of the concepts in different perspectives of human activities. Various business organizations across the globe have taken roles In the implementation of the strategy concept. Nationally the idea has received positive results different from the international markets and business companies scale. The research shows that the change in the business environment from the introduction of the concept has led to a significant change. However, there are other countries which have nit developed sustainable strategy leading to a difference between the developed and the developed countries across the globe. The social and economic improvements relate to technology and financial resources and economic diversity, which plays a significant role in the implementation of the sustainable business environment (Brewster et al.,2018).

References

Brewster, C., Mayrhofer, W., & Farndale, E. (Eds.). (2018). Handbook of research on comparative human resource management. Edward Elgar Publishing.

Bringezu, S., & Bleischwitz, R. (2017). Sustainable resource management: global trends, visions and policies. Routledge.

Jabbour, C. J. C., & de Sousa Jabbour, A. B. L. (2016). Green human resource management and green supply chain management: Linking two emerging agendas. Journal of Cleaner Production, 112, 1824-1833.

Nankervis, A. R., Baird, M., Coffey, J., & Shields, J. (2016). Human resource management: strategy and practice. Cengage AU.

Rockström, J., Williams, J., Daily, G., Noble, A., Matthews, N., Gordon, L., … & de Fraiture, C. (2017). Sustainable intensification of agriculture for human prosperity and global sustainability. Ambio, 46(1), 4-17.

Voegtlin, C., & Greenwood, M. (2016). Corporate social responsibility and human resource management: A systematic review and conceptual analysis. Human Resource Management Review, 26(3), 181-197.

Wehrmeyer, W. (2017). Greening people: Human resources and environmental management. Routledge.