Management Essay Example | Topics and Well Written Essays - 1500 words - 16

Management - Essay Example e world has changed and in the 21st century corporate responsibility and sustainable business practices are important elements that should be an integral part of a company’s strategy. This paper analyzes and studies business sustainability in order to determine if the subject should be included in future business textbooks as an important business discipline that students should educate themselves on. Sustainability are the policies and processes which enhance the financial, environmental, societal, human and other resources on which the company depends for its long-term health (Economic Intelligence Unit). It involves a major commitment from a company in order to satisfy the needs of its internal and external stakeholders as well as placing a high level of importance in mother earth. The practice can not be applied through a single linear approach, since in order for sustainability in the business world to be effective a company must apply an integrated approach throughout the enterprise. The globalization movement made companies around the world located in different location and societies realized that the actions of companies affect the global economy. Since the turn of the century companies have made sustainability a priority. Executive are utilizing a strategic approach called corporate responsibility in order to attend the sustainability issue. Corporate responsibility is the continuing commitment by businesses to behave ethically and contribute to the economic development while improving the quality of life behind the workforce (Corporate-responsibility). Sustainability can help companies increase their profitability and shareholders value. The principles of sustainability state that the long term results are more important than short term gains. An example of how the principle of sustainability affects the corporate the case of Nike apparel. Nike Corporation in the late 1990’s incurred in unethical human labor practices in developing nation by