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

Management - Essay Examplee world has changed and in the 21st century corporate debt instrument and sustainable business practices are important elements that should be an integral part of a companys strategy. This paper analyzes and studies business sustainability in order to stop 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 some 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 contribute through a single linear approach, since in order for sustainability in the business world to be effective a company must apply an integr ated approach throughout the enterprise.The world(a)ization 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 ascertain 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 ass the workforce (Corporate-responsibility). Sustainability can help companies increase their profitability and shareholders value. The rulers 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 1990s incurred in unethical human labor practices i n developing nation by