Importante Of Business Sustainability Academic Essay Brief

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1.discusses the importance of business sustainability;

2.discusses the role of stakeholders in business sustainability;

3.critically evaluates the importance of stakeholder-partnerships in business sustainability.

Should use appropriate examples to illustrate your arguments!

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Governance and Sustainabilit Academic Essay Brief The essay is designed to enable you to demonstrate your understanding of the basic Governance and Sustainability materials, the extra work you have put into researching the essay topic(s) and how analytical you have been in selecting and commenting on the materials you have used in the essay. The submission should demonstrate that you have immersed yourself in the course material, that you have carried out wider reading and that you have done some thinking on your own. You will be expected to use relevant academic literature and advance textbooks for the module as sources, and to carry out wider reading. The word limit for the case study is 2,250 words +/- 10%. REQUIREMENT In their report of 22nd October 2014 (revised on 6th March 2015) Clark, Feiner and Viehs (2015: 8) stated “… that responsibility and profitability are not incompatible, but in fact wholly complementary. When investors and asset owners replace the question “how much return?” with “how much sustainable return?”, then they have evolved from a stockholder to a stakeholder.” You are required to write an academic essay that: 1. discusses the importance of business sustainability; 2. discusses the role of stakeholders in business sustainability; and 3. critically evaluates the importance of stakeholder-partnerships in business sustainability. (You should use appropriate examples to illustrate your arguments.) 1| skoma/g&s/academicessay/ 18-19 ALLOCATION OF MARKS Total marks available are 100. The distribution of marks is as follows: Marks Structure (5 marks for introduction). 10 Discussion of the importance of business sustainability that is adequately supported by appropriate citations (academic references). 25 Discussion of the role of stakeholders in business sustainability that is adequately supported by appropriate citations (academic references). 25 Critical and evaluative account of the importance of stakeholderpartnerships in business sustainability that is adequately supported by appropriate citations (academic references). 25 Reasoned conclusions that are informed by arguments in the essay. 5 References 10 Total 100 Note: An effective structure helps your argument to unfold clearly to the reader, and as noted by Abrams (1999): “Writing an academic essay means fashioning a coherent set of ideas into an argument. Because essays are essentially linear—they offer one idea at a time— they must present their ideas in the order that makes most sense to a reader. Successfully structuring an essay means attending to a reader's logic.” 2| skoma/g&s/academicessay/ 18-19 ...
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School: Rice University

Hello, attached is the complete paper. let me know in case there is any issue

Business sustainability: role of stakeholders and stakeholder-partnerships


Business Sustainability 2
Over the past ten years, there has been a significant evolution in the approach that
companies take towards sustainability. Traditionally, the pressure by stakeholders and
compliance with the laws in place were to factors that forced companies to embrace
sustainability as part of their efforts. However, modern-day firms have embraced sustainability
due to the commercial benefits that results from embedding sustainability as part of the strategy.
As a result, there has been a reduction in the emission of carbon, an improvement in human
rights, the development of more eco-friendly products among others. Although most companies
claim to prioritize sustainability in their activities, it is still not incorporated into their core
strategies. Clark, Feiner, and Viehs. (2015), argue that those companies with strong sustainability
practices display better operational performances which finally translates to increased cash
flows. As such, it is conclusive to state that responsibility and profitability are entirely
complementary. For instance, prudent sustainability practices result in a positive influence on
investment performance. Based on this, it then follows that investors and top managers should
have sustainability as one of the focus areas during the decision-making processes.
Some of the strategies that businesses incorporate in sustainability include corporate
social responsibility, environmental, social, and governance issues as well as sustainable
responsible investing (Lawrence and Weber 2014). These strategies are key in solving global
challenges that the public and other sectors are facing worldwide. The strategies also help in
delivering enormous benefits to a business and all its stakeholders. For this to be successful, all
the stakeholders must collaborate and work actively towards integrating sustainability in the
company’s strategy. As such, companies need to resolve the challenge facing sustainable
development initiatives. For instance, to date, there lacks a clear definition of what sustainability

Business Sustainability 3
means as well as what activities should be regarded as sustainable. Other challenges facing
sustainable development in organizations include the high cost associated with sustainable
development efforts, and reluctance by shareholders to embrace sustainable development. Some
of them are made to believe that sustainable development is unnecessarily expensive.
The Importance of Business Sustainability
Business sustainability plays a crucial role in creating a competitive advantage for a
company. This is achieved through a wider orientation towards stakeholders such as
communities and customers, and shareholders. Consequently, sustainability helps to create a
positive image for the company in the public eyes while also serving the interests of the groups
above (Lozano and Haartman 2018). Since it is impossible to meet the interests of all the
stakeholders simultaneously, the management is tasked with the responsibility of balancing the
needs and demands of the major stakeholders. This approach is aimed at balancing the requisite
financial value for the company and the societal value which serves its interests as wel...

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