Description
Although sustainable operations have many benefits for organizations, consumers, and society, they also come with many business risks. In this discussion, you will explore sustainability operations of major organizations to reflect on what they are doing well, the benefits their sustainable operations may bring, and the potential risks associated with their sustainable operations. In evaluating the risks and benefits of prioritizing sustainability, you will also learn the importance of justifying organizational priorities, which will assist you in completing the first section of your course project.
First, take some time to explore a few different organizations’ sustainable operations statements on their websites. You may explore organizations you are familiar with or use the following:
- Starbucks Stories
- Select Social Impact from the navigation bar, then select from the story topics in the drop-down menu to explore the stories. Be sure to explore the Sustainability topic.
- L’Oréal Group: Commitments and Responsibilities
- Dixie Cares: An Eye Toward the Future
- Peabody: Sustainability Approach
In your initial post, address the following questions:
- How did the organizations you explored address sustainability concerns inherent to their industry, if at all?
- For example, a company that manufactures plastic has inherent environmental risks regarding plastic waste and pollution.
- What other sustainable practices did the organizations you explored identify as priorities, and what kinds of business risks may they be taking on to prioritize those sustainable practices?
- Do you think that the business risks the organizations are taking to prioritize their identified sustainable operations are worthwhile from a business perspective? Why or why not?
Explanation & Answer
View attached explanation and answer. Let me know if you have any questions.
Running Head: RISKS AND BENEFITS OF SUSTAINABLE OPERATIONS IN BUSINESS
Risks and Benefits of Sustainable Operations in Business
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RISKS AND BENEFITS OF SUSTAINABLE OPERATIONS IN BUSINESS
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How the Organizations Address Sustainability Concerns Inherent to their Industry?
The organizations explored address sustainability concerns based on their industries
specialization and its line of products. For instance, based on the Starbucks stories, the
organization addresses sustainability in the following ways; the management has ensured that the
company's objectives and goals are in line with environment protection (Shad et al., 2019).
Moreover, based on the triple baseline concept of the planet, people and products, the
organization has ensured an integrated and careful approach to ensure the coexistence of the
three aspects. For instance, Starbucks has prioritized the use of renewable bottles to package its
products. Furthermore, the business's management has ensured continuous support to people
with disabilities and is an active contributor to charity and philanthropic activities. The Starbucks
store has promoted biodiversity and exclusively naturally sourced products in their coffee range
of products; this has ensured safety and health products delivered to their consumers globally.
The L'Oréal group has promoted diversity and environmental sustainability thro...
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