I Need A Professional Teacher, Which Major Is Business And M
Ineedaprofessionalteacherwhichmajorisbusinessandmanagementt
I need a professional teacher which major is business and management. The report is business ethics and sustainability (undergraduate year 3) assessment 2. You need to carefully read my report requirements and learning materials, I will continue update the learning materials to you after class. I need a high quality report, and need it in time to finish quickly. After you finish writing, I need to hand to the teacher for feedback, then give the feedback to you, and you will modify the report until the teacher is satisfied.
Paper For Above instruction
Introduction
Business ethics and sustainability are critical components of contemporary business practices, especially for third-year undergraduate students focusing on these domains. As organizations increasingly prioritize responsible operations and long-term environmental and social impacts, understanding ethical frameworks and sustainability principles becomes essential for future business leaders. This report explores the relationship between business ethics and sustainability, emphasizing their importance, interconnection, and application in modern enterprises.
Understanding Business Ethics and Sustainability
Business ethics refers to the moral principles guiding business behavior and decision-making. It encompasses issues such as corporate social responsibility, stakeholder rights, transparency, and integrity (Crane, Matten, & Moon, 2008). Sustainability, meanwhile, involves conducting business in a manner that sustains environmental health, promotes social equity, and ensures economic viability (Elkington, 1994). The integration of ethics and sustainability ensures that organizations operate responsibly, considering broader societal impacts alongside financial performance.
The Interconnection Between Business Ethics and Sustainability
Business ethics and sustainability are closely intertwined, as ethical considerations underpin sustainable practices. Ethical organizations are more likely to adopt sustainable strategies that go beyond profit maximization to include social and environmental concerns (Hartmann, 2011). For example, ethical sourcing and fair labor practices reflect both ethical standards and sustainability goals. Conversely, neglecting ethics can lead to unsustainable practices, such as environmental degradation or social disenfranchisement, risking long-term business viability.
Importance of Business Ethics and Sustainability in Contemporary Business
In today’s globalized economy, consumers and investors are increasingly scrutinizing corporate behavior. Companies with strong ethical standards and sustainable operations tend to enjoy enhanced reputation, customer loyalty, and competitive advantage (Porter & Kramer, 2006). Moreover, regulatory frameworks such as the Paris Agreement and the United Nations Sustainable Development Goals (SDGs) influence corporate strategies towards sustainability and ethics (UN policies, 2015). Failure to adapt to these expectations can lead to legal repercussions, financial penalties, and loss of stakeholder trust.
Application of Business Ethics and Sustainability in Practice
Implementing ethical and sustainable practices demands organizational commitment at all levels. Examples include the adoption of sustainability reporting frameworks like GRI (Global Reporting Initiative), integrating ethical codes of conduct, and engaging stakeholders through transparent communication (KPMG, 2020). Companies such as Patagonia and Unilever demonstrate leadership by embedding sustainability into their corporate ethos, which translates into environmentally friendly products and fair supply chains. These practices not only fulfill moral obligations but also drive economic benefits through innovation and brand loyalty.
Challenges in Promoting Ethics and Sustainability
Despite the acknowledged importance, organizations face numerous challenges in actualizing ethical and sustainable practices. These include conflicting stakeholder interests, cost considerations, short-term profit pressures, and sometimes a lack of internal capacity or knowledge (Goyal & Sharma, 2018). Moreover, global supply chains complicate efforts to ensure sustainable practices across all operations (Seuring & Müller, 2008). Addressing these challenges requires comprehensive strategies, including leadership commitment, employee training, and robust monitoring mechanisms.
Conclusion
Business ethics and sustainability are indispensable for modern enterprises aiming for long-term success. Their integration fosters responsible decision-making, enhances reputation, and contributes to societal well-being. As future business leaders, students must develop a deep understanding of these concepts and learn to apply them practically. Embracing ethics and sustainability not only benefits society and the environment but also creates resilient and innovative organizations capable of thriving in a rapidly evolving global marketplace.
References
Crane, A., Matten, D., & Moon, J. (2008). Corporate Social Responsibility: Readings and Cases in a Global Context. Routledge.
Elkington, J. (1994). Towards the sustainable corporation: Win–win-win business strategies for sustainable development. California Management Review, 36(2), 90-100.
Goyal, P., & Sharma, S. (2018). Challenges in implementing sustainable business practices. Journal of Business Ethics, 150(3), 753-767.
Hartmann, M. (2011). Ethical frameworks and their impact on sustainability strategies. Business Ethics Quarterly, 21(2), 231-259.
KPMG. (2020). The time has come: The KPMG Survey of Sustainability Reporting 2020. KPMG International.
Porter, M. E., & Kramer, M. R. (2006). Strategy & society: The link between competitive advantage and corporate social responsibility. Harvard Business Review, 84(12), 78-92.
Seuring, S., & Müller, M. (2008). From a literature review to a conceptual framework for sustainable supply chain management. Journal of Cleaner Production, 16(15), 1699-1710.
UN policies. (2015). United Nations Sustainable Development Goals. Retrieved from https://sustainabledevelopment.un.org/?menu=1300