Answer To: Page 1 XXXXXXXXXXKaplan Business School Assessment Outline Assessment 3 Information Subject Code:...
Rupsha answered on Jun 10 2021
Management-Business Ethics
Table of Contents
Introduction 2
Facts about the Tramalway Industries 2
The Generation of Values and Driving the Change by Applying Sustainability 3
Programs and Initiatives 3
The Value Chain of the Organization 4
Sustainability Followed by Tramalway Industries 4
Social Sustainability 4
Economic Sustainability 5
Environmental Sustainability 6
Conclusion 6
Recommendations 7
References 8
Introduction
Sustainability assessment may be defined as a method of appraisal, which involves complexities and the key aim to conduct such assessments, are to give proper support to the decision-making and the policies of an organization in economic, social as well as environmental contexts. It is done to properly evaluate the contexts and give critical decision-making elements are addresses and judged. Sustainability can also be cited as a procedure with proper structures, which generally focuses on different types of methods, which are analytical as well as field specific, and focuses on the models of the applications that are involved in the context. It is the duty of all the organizations to maintain sustainability in the social, environmental as well as in economic ways for the proper functioning of the organizations. To look after the proper maintenance of sustainability by the organizations, the GRI (Global Reporting Initiative) came into existence, which is an organization of international standards, independent in nature. Its primary work is to look after the maintenance of proper sustainability by the organizations as well as look after their problems such as human rights, corruption as well as climate changes. Thus, we can say that a company has to maintain sustainability factors to do business and to become successful in future.
Facts about the Tramalway Industries
The Tramalway Industries generally follows all the three forms of sustainability factors namely environmental, social and economical. The industry focuses in creating a long lasting good impression for the customers, employees and on the investors of the company. The company aims for such a socio - environmental changes that generally attract many stakeholders to tie up and work with them. Such types of impressions can only be obtained by maintaining as well as delivering proper sustainability operations, and for that purpose, the industry always focuses on the maintenance of proper sustainability factors other than doing business.
The Generation of Values and Driving the Change by Applying Sustainability
The industry generally tries to generate their values and bring the changes with the help of visions of sustainability. From dealing with the customers to the stakeholders, they always try to maintain their sustainability factors and they generally follow a strict principle of rules outlined by them from before to make sure to keep the sustainability policy integrated as well as to stay transparent in the process (Rauter, Jonker & Baumgartner, 2017). The UNGC (United Nations Global Compact) is perhaps the largest sustainability initiative of the world, which generally works on the achievements, manages systems, programs, and takes initiatives globally. None can deny the fact that besides all the laws, internal policies and ethics, the social systems and the environmental management systems guides the businesses (Matharu & Lokesh, 2019). The Tramalway industries follow a sustainability status that includes proper focusing on the health and safety as well as making sure that the company's business does not do any harm to the environment, and strict following of the company's ethics. The Tramalway industries had tried to control their businesses in several places for ensuring the conduction of their business going beyond the compliance level.
Programs and Initiatives
Being a lean enterprise, it is not that much easy to give proper focus on the issues regarding the sustainability which carries immense importance for the business as well as the stakeholders. The activities, which the company follows, are the results of the three - year plans and has the capabilities to indicate their performances. Some of the operational strategies of the organization are as follows -
i. The assessments regarding the social as well as environmental management and audits the 5S if the organization namely the sort, set in order, shine, standardize and sustain.
ii. The management gets directly involved in the execution of the operations as well as the other programs for driving the culture of integrity of the organization.
iii. The process of "machine safety", that is reviewing the work instructions are also followed by the organization and the relationship between the product and the environment are also maintained well.
The Value Chain of the Organization
Properly handling the supply chains are very important for an organization, as on the basis of the supply chain the customers generally starts depending on the company and so it is also important for the...