Sustainable Business Practice in a Dynamic Global Environment Case Study

Sustainable Business Practice in a Dynamic Global Environment - Case Study Example etting is often understood as the voluntary integration of social, environmental and economic concerns in business operations and stakeholder relations†. There is a link among these factors since they interact when a business carries out its activities. Corporate social responsibility (CSR) is a concept that mainly focuses on the business’s relationships with social values, responsibilities and the earth that sustains it (Kotler & Armstrong, 2010). This concept suggests that businesses are part of the whole meaning that they are supposed to be responsible for their actions rather than just being concerned about generating profits. In other words, they should plough back to the communities in the environment in which they are operating. Businesses must be accountable for their activities and they must also engage in charity activities as a sign of showing goodwill to the disadvantaged members of the community in particular. The other important concept is sustainable development that has a bearing on the sustainability of the organization in its operations. Sustainable development is concerned with utilization of natural resources in such a way that the future generations can also enjoy the same resources (McNeely, 1992). In order for organizations to be in a position to sustain their operations in the long run, there is need to create a fine balance between the needs of the stakeholders and protection of the environment. This goes hand in hand with the concept of eco efficiency which is concerned with utilising ecological resources in an efficient way such that there are no unnecessary wastages recorded. Holistic Risk Management refers to the process of implementing effective measures that are specifically meant to deal with uncertainties that are often encountered by the business in its operations (Josler & Burger, 2005). The other important concept related to corporate sustainability strategies is sustainable innovation. This refers to a process of

Boeing negotiation with labor unions Essay Example | Topics and Well Written Essays - 1000 words

Boeing negotiation with labor unions - Essay Example This paper seeks to examine the construct of power disparity in negotiation, within the context of Boeing versus the machinists’ labor union, in the latter’s recent project of building the Boeing 777X plane. In November of 2013, Boeing made an announcement that the company was launching an expansion project, which was to entail construction of its newest line of 777X planes. Being located in Puget Sound, Washington, the State’s legislature accorded Boeing the biggest tax subsidy ever allotted to a company not just in the state, but also nationally. Washington State gave Boeing the grant with the primary intention of making sure that the company did not transfer its operations to another state. The company then offered its workers a deal, which required them to accept reduced retirement benefits, take about sixteen years before reaching the maximum wage level, as opposed to the usual six year period and adopt a contribution savings structure instead of the retirement pension. Boeing required the International Association of Machinists (IAM), which represents machinists, to convince its members to accept this offer or they would not be involved in making the 777X planes, since oper ations would be shifted to another state with more favorable terms. The machinists union first turned down Boeing’s offer and the company consequently began seeking out other states that would be willing to offer more public money, while accepting its offer. At least twenty states responded to Boeing including South Carolina, Missouri and Alabama, all eagerly willing to offer the company lucrative subsidy packages (Gates n.pg). To efficiently address the different challenges posed by power differences in negotiation, it is imperative for one to first comprehend power as basic concept. From the most encompassing and elemental perspective, power refers to the ability of a person or