SlideShare a Scribd company logo
1 of 6
Download to read offline
1
Table of Contents
Introduction...................................................................................................................................................1
Discussion.....................................................................................................................................................1
Conclusion ....................................................................................................................................................4
References.....................................................................................................................................................5
Introduction
In the settings of our world as contemporarily, it would be little doubted that the issue of
sustainable business has become increasingly concerned amongst not only industry players but
also other stakeholders those are fundamentally critical to the success of the business, including
government, customers, investors, employees, host community, to name just a few. In fact, the
concept of sustainability is no longer unfamiliar to both academic and practical fields up to
current. Rather, it was as early as 1980s that the issue of sustainable development has become
prominent and continued to prove its validity in today context. (Carroll, 2015) Bearing this in
mind, the essay is carried out for the purpose of bringing into view what could be deployed by
companies nowadays in an attempt to evaluate the current level of sustainability and formulate
strategy for enhancing sustainability of their business accordingly. In particular, case studies
regarding how sustainability measurement is conducted in hotel business as well as restaurant
one are given as salient illustration for the discussion in the scope of this writing.
Discussion
To commence, brief insights into the determination of sustainable business are mentioned as a
starting point for the essay. By way of definition, the concept of sustainability, or sustainable
development, could be broadly defined as the capability of meeting current needs without
sacrificing the possibility of future generations to meet their needs as well as aspiration (Perez &
2
Bosque, 2014). As indicated by Corroll (2015), this so-called concept could be related to a rather
renowned theoretical framework named Tripple Bottom Line, which majorly refers to
companies’ capability of balancing between the profitability of the business and two other
unconventional bottom lines known as people and planet account, so that the sustainable aspect
of the business could be fulfilled. In other words, as could be implied from the framework, for a
business to be sustainable, companies are supposed to take into account both ecological and
social impacts of their operation activities, rather than being solely profit-oriented. Also
according to this author, the idea of sustainability shares similarity with such other
complementary frameworks as corporate social responsibility, business ethics, stakeholder
management, and corporate citizenship as well. From another perspective, according to Aksak et
al. (2015), the pursuit of sustainable business could be primarily taken as a form of moral
obligation to the society performed by the companies. Moreover, the integration of sustainable
practices in business operation activities could be indeed considered as a source of competitive
advantage that enables the firm to be at an advantageous position in the run for market leadership
with other industry players in the long term. That is to say, the pursuit of sustainability is indeed
an effective strategic move that allows firms to reinforce their positive corporate image as well
as reputation in the eye of stakeholders, especially government, local community, customer and
employee, and the like. Accordingly, more and more firms nowadays are declaring their
willingness to pursuit sustainable growth as well as engagement in integrating sustainable
practices into their daily-basis business operation activities. (Kadlubek, 2015) On the ground of
insights into the concept of sustainability as above, the following discussions in this writing is
bringing into view how the current level of sustainability is measured and used as inputs for
formulating strategy concerning sustainable development of the organisation in the future to
come, with examples from hotel business and food-serving industry.
As indicated in advance, the very first case study taken into analysis on the scale of this topic
review is an example of Marriott International Inc., one amongst leading firms in global
hospitality industry. Founded in 1927 as a family-owned business, Marriott has attained a
phenomenal growth to a flagship in the lodging sector with over 4,200 properties locating in
approximately 80 countries and territories up to this moment. Equally remarkably, the firm has
been well known to the world as one amongst the best organisations to work for as well as one of
the most ethical companies globally. In fact, the pursuit of sustainability has long been taken as
3
virtually at the heart of company’s strategy that could be illustrated by the core values defining
Marriott’s corporate culture as well as shaping its strategic initiatives, in which the firm commit
itself to put people first, pursuit excellence, embrace change, behave with integrity and serve the
world. (Marriott, n.d.a) Concerning Marriott’s approaches to measure sustainability aspect in the
operation of its each and every property under the ownership or management of the brand, the
adoption of LEED Volume Program could be taken as a vivid example to be considered. In
general, the Leading in Energy and Environmental Design, or LEED in other words, is in fact a
green building certification system that is internationally recognized. The LEED system was
developed by the US Green Building Council aiming to provide the third-party verification that a
property was designed and constructed in an environmentally friendly manner. That is to say, for
a property to be certified as a LEED hotel, requirements regarding such sustainable metrics as
reduction of water and energy consumption as well as carbon dioxide emission, efficiency of
resource usage along with enhanced in-the-house environmental quality, to name just a few, are
expected to be met. (Marriott, 2011) By the year 2005, Marriott was recognized as the very first
US hotel group to engage in designing and constructing green hotels in accordance to LEED
certification system. Up to current, Marriott has possessed more than 100 LEED-registered and
around 30 LEED-certified properties, which could be sufficient to prove the firm’s engagement
in the pursuit of green hotel establishment as well as sustainable business. In 2011, the LEED
Volume Programme developed by Marriott, which aims at providing a prototype for green hotel,
has enabled its certified properties to reduce to 25% in water and energy consumption and
allowed initial investment to be recovered within two to six years. In addition to the employment
of LEED certification, auditing tools including EEAP (Energy and Environmental Action Plans)
together with database as well as monitoring system also play a critical role in enabling Marriott
to track and put under control their level of sustainability, and monitor improvement against the
fulfilment of sustainability related goals. (Marriott, n.d.b)
In addition to an example from lodging sector, a case study from the food serving industry is also
brought into discussion regarding the appraisal on how sustainable the business currently is.
LaRose (2010) has conducted a report on the issue of sustainability in businesses of serving food.
Specifically, the author has identified major issues regarding sustainable practices in the field of
food service. On that basis, suggested guideline for cementing responsibility of the business is
further provided, including possible course of actions for reducing the amount of waste released
4
to the external environment, improving cost efficiency meanwhile consolidating product quality
together with customer satisfaction and loyalty. As for the author, there are four fundamental
areas which are the most reflective in terms of current situation of the company regarding its
sustainable aspect of business. These include food sourcing, waste reducing, energy and water
efficiency & construction of building, and last but not least is the involvement of community and
other stakeholders. In other words, these dimensions are supposed to be closely tracked, assessed
as well as monitored so as to identify points where possible improvement in terms of
sustainability could be made. For instance, it is primarily crucial for those competing in the
industry to be capable of controlling the sources of inputs so that issues relating to food safety
and quality could be avoided. Accordingly, the shift to using local and organic suppliers would
also worth considering as a way to improve food quality as well as customer satisfaction,
meanwhile supporting the growth of local business, which indirectly contributes to the economic
development of local community and improve the sustainable aspect of the business accordingly.
Likewise, controlling over the level of energy efficiency, water consumption, building
construction, waste disposed to the environment as well as participation of community into the
business could present food service providers with opportunity to figure out where sustainable
practice could be integrated so that the overall sustainability of the business could be improved
as a whole.
Conclusion
By way of conclusion, the topic review was conducted with an aim to study insights into how
firms could measure its level of sustainability, and shape the strategic direction for further
enhancement of sustainable business in the future to come accordingly. With examples from
lodging business as well as from food service sector, the writing is hopefully sufficient to
demonstrate possible course of actions employed by organisations in reality.
5
References
Aksak, O., Ferguson, M. and Duman, S. (2015). Corporate social responsibility and CSR fit as
predictors of corporate reputation: A global perspective. Public Relations Review, n.p.
Carroll, A. A. (2015). Corporate social responsibility: The centerpiece of competing and
complementary frameworks. Organizational Dynamics, 44, 87-96.
Kadlubek, M. (2015). The essence of corporate social responsibility and the performance of
selected company. Procedia - Social and Behavioral Sciences, 213, 509-515.
LaRose, J. (2010). Sustainability in Businesses That Serve Food. [pdf] Available at:
http://www.sustainlv.org/wp-content/uploads/Sustainability-in-Businesses-That-Serve-Food.pdf
[Accessed 12 February 2016]
Marriott (2011). Marriott LEED®s the Way to Green Hotels. [online] Available at:
http://news.marriott.com/2011/09/marriott-leeds-the-way-to-green-hotels-company-leads-
industry-with-three-brands-pre-certified-leed.html [Accessed 12 February 2016]
Marriott (n.d.a). About Marriott International – Find your world. [online] Available at:
http://www.marriott.com/marriott/aboutmarriott.mi [Accessed 12 February 2016]
Marriott (n.d.b). Environment. [online] Available: http://www.marriott.com/corporate-social-
responsibility/corporate-environmental-responsibility.mi [Accessed 12 February 2016]
Perez, A. and Bosque, I. (2014). Sustainable development and stakeholder relations
management: Exploring sustainability reporting in the hospitality industry from a SD-SRM
approach. International Journal of Hospitality Management. 42, pp.174-187.
6
Mình nhận làm gia sư, hướng dẫn hỗ trợ essay, assignment, thesis, dissertation , report ,
coursework.
Ms. Thu Hương
huonguk179@gmail.com
Cảm ơn các bạn đã tin tưởng.
� http://www.slideshare.net/NguyenThuHuong10 các bạn vào đây tham khảo bài mình đã hướng
dẫn, hỗ trợ nhen
Kết nối với mình tại:
https://www.facebook.com/huonguk179

More Related Content

Similar to 11

What's The Difference Between Climate Risk And Carbon Accounting?
What's The Difference Between Climate Risk And Carbon Accounting?What's The Difference Between Climate Risk And Carbon Accounting?
What's The Difference Between Climate Risk And Carbon Accounting?thebulkcart
 
Final report Heineken
Final report HeinekenFinal report Heineken
Final report HeinekenIvan Odreman
 
CSR - Sustainability Survey & Trends: Korea
CSR - Sustainability  Survey & Trends: KoreaCSR - Sustainability  Survey & Trends: Korea
CSR - Sustainability Survey & Trends: KoreaSolAbility
 
A Literature And Practice Review To Develop Sustainable Business Model Archet...
A Literature And Practice Review To Develop Sustainable Business Model Archet...A Literature And Practice Review To Develop Sustainable Business Model Archet...
A Literature And Practice Review To Develop Sustainable Business Model Archet...Kimberly Pulley
 
Qantas Social Responsibility
Qantas Social ResponsibilityQantas Social Responsibility
Qantas Social ResponsibilityAdriana Wilson
 
Business strategies for sustainable development
Business strategies for sustainable developmentBusiness strategies for sustainable development
Business strategies for sustainable developmentrynbouc
 
Sustainability Management
Sustainability ManagementSustainability Management
Sustainability Managementrowanleroux
 
Order 10 (Deliveroo).docx
Order 10 (Deliveroo).docxOrder 10 (Deliveroo).docx
Order 10 (Deliveroo).docxNishithSingh14
 
State of green business 2013
State of green business 2013State of green business 2013
State of green business 2013Albert Hereu
 
4th Annual Corporate Governance Congress
4th Annual Corporate Governance Congress4th Annual Corporate Governance Congress
4th Annual Corporate Governance CongressVinoth Sivasubramanan
 
Sustainability in Modern Procurement and Supply Chain
Sustainability in Modern Procurement and Supply ChainSustainability in Modern Procurement and Supply Chain
Sustainability in Modern Procurement and Supply ChainThalia Katsari
 
Governance and Ethics - Project Response - Jaineet Kaur
Governance and Ethics - Project Response - Jaineet KaurGovernance and Ethics - Project Response - Jaineet Kaur
Governance and Ethics - Project Response - Jaineet KaurJaineet Kaur
 
Materiality Matrices in the Environmental, Social and Governance Context
Materiality Matrices in the Environmental, Social and Governance ContextMateriality Matrices in the Environmental, Social and Governance Context
Materiality Matrices in the Environmental, Social and Governance ContextAI Publications
 
Corporate Social Responsibility
Corporate Social ResponsibilityCorporate Social Responsibility
Corporate Social ResponsibilityMamun's File
 

Similar to 11 (20)

What's The Difference Between Climate Risk And Carbon Accounting?
What's The Difference Between Climate Risk And Carbon Accounting?What's The Difference Between Climate Risk And Carbon Accounting?
What's The Difference Between Climate Risk And Carbon Accounting?
 
Final report Heineken
Final report HeinekenFinal report Heineken
Final report Heineken
 
ISS_4
ISS_4ISS_4
ISS_4
 
CSR - Sustainability Survey & Trends: Korea
CSR - Sustainability  Survey & Trends: KoreaCSR - Sustainability  Survey & Trends: Korea
CSR - Sustainability Survey & Trends: Korea
 
A Literature And Practice Review To Develop Sustainable Business Model Archet...
A Literature And Practice Review To Develop Sustainable Business Model Archet...A Literature And Practice Review To Develop Sustainable Business Model Archet...
A Literature And Practice Review To Develop Sustainable Business Model Archet...
 
Amundi Engagement Report 2016
Amundi Engagement Report 2016Amundi Engagement Report 2016
Amundi Engagement Report 2016
 
Qantas Social Responsibility
Qantas Social ResponsibilityQantas Social Responsibility
Qantas Social Responsibility
 
Business strategies for sustainable development
Business strategies for sustainable developmentBusiness strategies for sustainable development
Business strategies for sustainable development
 
Sustainability Management
Sustainability ManagementSustainability Management
Sustainability Management
 
VDM_Report
VDM_ReportVDM_Report
VDM_Report
 
Order 10 (Deliveroo).docx
Order 10 (Deliveroo).docxOrder 10 (Deliveroo).docx
Order 10 (Deliveroo).docx
 
business_strategy.pdf
business_strategy.pdfbusiness_strategy.pdf
business_strategy.pdf
 
State of green business 2013
State of green business 2013State of green business 2013
State of green business 2013
 
1223121 (1)
1223121 (1)1223121 (1)
1223121 (1)
 
4th Annual Corporate Governance Congress
4th Annual Corporate Governance Congress4th Annual Corporate Governance Congress
4th Annual Corporate Governance Congress
 
Sustainability in Modern Procurement and Supply Chain
Sustainability in Modern Procurement and Supply ChainSustainability in Modern Procurement and Supply Chain
Sustainability in Modern Procurement and Supply Chain
 
Governance and Ethics - Project Response - Jaineet Kaur
Governance and Ethics - Project Response - Jaineet KaurGovernance and Ethics - Project Response - Jaineet Kaur
Governance and Ethics - Project Response - Jaineet Kaur
 
Materiality Matrices in the Environmental, Social and Governance Context
Materiality Matrices in the Environmental, Social and Governance ContextMateriality Matrices in the Environmental, Social and Governance Context
Materiality Matrices in the Environmental, Social and Governance Context
 
Csr
CsrCsr
Csr
 
Corporate Social Responsibility
Corporate Social ResponsibilityCorporate Social Responsibility
Corporate Social Responsibility
 

More from Nguyen Thu Huong (19)

20
2020
20
 
19
1919
19
 
18
1818
18
 
17
1717
17
 
16
1616
16
 
15
1515
15
 
14
1414
14
 
13
1313
13
 
12
1212
12
 
10
1010
10
 
9
99
9
 
8
88
8
 
7
77
7
 
6
66
6
 
5
55
5
 
4
44
4
 
1.
1. 1.
1.
 
3
33
3
 
2
22
2
 

Recently uploaded

How to Give a Domain for a Field in Odoo 17
How to Give a Domain for a Field in Odoo 17How to Give a Domain for a Field in Odoo 17
How to Give a Domain for a Field in Odoo 17Celine George
 
Energy Resources. ( B. Pharmacy, 1st Year, Sem-II) Natural Resources
Energy Resources. ( B. Pharmacy, 1st Year, Sem-II) Natural ResourcesEnergy Resources. ( B. Pharmacy, 1st Year, Sem-II) Natural Resources
Energy Resources. ( B. Pharmacy, 1st Year, Sem-II) Natural ResourcesShubhangi Sonawane
 
Grant Readiness 101 TechSoup and Remy Consulting
Grant Readiness 101 TechSoup and Remy ConsultingGrant Readiness 101 TechSoup and Remy Consulting
Grant Readiness 101 TechSoup and Remy ConsultingTechSoup
 
This PowerPoint helps students to consider the concept of infinity.
This PowerPoint helps students to consider the concept of infinity.This PowerPoint helps students to consider the concept of infinity.
This PowerPoint helps students to consider the concept of infinity.christianmathematics
 
PROCESS RECORDING FORMAT.docx
PROCESS      RECORDING        FORMAT.docxPROCESS      RECORDING        FORMAT.docx
PROCESS RECORDING FORMAT.docxPoojaSen20
 
psychiatric nursing HISTORY COLLECTION .docx
psychiatric  nursing HISTORY  COLLECTION  .docxpsychiatric  nursing HISTORY  COLLECTION  .docx
psychiatric nursing HISTORY COLLECTION .docxPoojaSen20
 
ICT Role in 21st Century Education & its Challenges.pptx
ICT Role in 21st Century Education & its Challenges.pptxICT Role in 21st Century Education & its Challenges.pptx
ICT Role in 21st Century Education & its Challenges.pptxAreebaZafar22
 
Class 11th Physics NEET formula sheet pdf
Class 11th Physics NEET formula sheet pdfClass 11th Physics NEET formula sheet pdf
Class 11th Physics NEET formula sheet pdfAyushMahapatra5
 
Application orientated numerical on hev.ppt
Application orientated numerical on hev.pptApplication orientated numerical on hev.ppt
Application orientated numerical on hev.pptRamjanShidvankar
 
ICT role in 21st century education and it's challenges.
ICT role in 21st century education and it's challenges.ICT role in 21st century education and it's challenges.
ICT role in 21st century education and it's challenges.MaryamAhmad92
 
Russian Escort Service in Delhi 11k Hotel Foreigner Russian Call Girls in Delhi
Russian Escort Service in Delhi 11k Hotel Foreigner Russian Call Girls in DelhiRussian Escort Service in Delhi 11k Hotel Foreigner Russian Call Girls in Delhi
Russian Escort Service in Delhi 11k Hotel Foreigner Russian Call Girls in Delhikauryashika82
 
Activity 01 - Artificial Culture (1).pdf
Activity 01 - Artificial Culture (1).pdfActivity 01 - Artificial Culture (1).pdf
Activity 01 - Artificial Culture (1).pdfciinovamais
 
Presentation by Andreas Schleicher Tackling the School Absenteeism Crisis 30 ...
Presentation by Andreas Schleicher Tackling the School Absenteeism Crisis 30 ...Presentation by Andreas Schleicher Tackling the School Absenteeism Crisis 30 ...
Presentation by Andreas Schleicher Tackling the School Absenteeism Crisis 30 ...EduSkills OECD
 
Introduction to Nonprofit Accounting: The Basics
Introduction to Nonprofit Accounting: The BasicsIntroduction to Nonprofit Accounting: The Basics
Introduction to Nonprofit Accounting: The BasicsTechSoup
 
General Principles of Intellectual Property: Concepts of Intellectual Proper...
General Principles of Intellectual Property: Concepts of Intellectual  Proper...General Principles of Intellectual Property: Concepts of Intellectual  Proper...
General Principles of Intellectual Property: Concepts of Intellectual Proper...Poonam Aher Patil
 
Advanced Views - Calendar View in Odoo 17
Advanced Views - Calendar View in Odoo 17Advanced Views - Calendar View in Odoo 17
Advanced Views - Calendar View in Odoo 17Celine George
 
TỔNG ÔN TẬP THI VÀO LỚP 10 MÔN TIẾNG ANH NĂM HỌC 2023 - 2024 CÓ ĐÁP ÁN (NGỮ Â...
TỔNG ÔN TẬP THI VÀO LỚP 10 MÔN TIẾNG ANH NĂM HỌC 2023 - 2024 CÓ ĐÁP ÁN (NGỮ Â...TỔNG ÔN TẬP THI VÀO LỚP 10 MÔN TIẾNG ANH NĂM HỌC 2023 - 2024 CÓ ĐÁP ÁN (NGỮ Â...
TỔNG ÔN TẬP THI VÀO LỚP 10 MÔN TIẾNG ANH NĂM HỌC 2023 - 2024 CÓ ĐÁP ÁN (NGỮ Â...Nguyen Thanh Tu Collection
 
Role Of Transgenic Animal In Target Validation-1.pptx
Role Of Transgenic Animal In Target Validation-1.pptxRole Of Transgenic Animal In Target Validation-1.pptx
Role Of Transgenic Animal In Target Validation-1.pptxNikitaBankoti2
 
Mixin Classes in Odoo 17 How to Extend Models Using Mixin Classes
Mixin Classes in Odoo 17  How to Extend Models Using Mixin ClassesMixin Classes in Odoo 17  How to Extend Models Using Mixin Classes
Mixin Classes in Odoo 17 How to Extend Models Using Mixin ClassesCeline George
 

Recently uploaded (20)

How to Give a Domain for a Field in Odoo 17
How to Give a Domain for a Field in Odoo 17How to Give a Domain for a Field in Odoo 17
How to Give a Domain for a Field in Odoo 17
 
Energy Resources. ( B. Pharmacy, 1st Year, Sem-II) Natural Resources
Energy Resources. ( B. Pharmacy, 1st Year, Sem-II) Natural ResourcesEnergy Resources. ( B. Pharmacy, 1st Year, Sem-II) Natural Resources
Energy Resources. ( B. Pharmacy, 1st Year, Sem-II) Natural Resources
 
Grant Readiness 101 TechSoup and Remy Consulting
Grant Readiness 101 TechSoup and Remy ConsultingGrant Readiness 101 TechSoup and Remy Consulting
Grant Readiness 101 TechSoup and Remy Consulting
 
Mehran University Newsletter Vol-X, Issue-I, 2024
Mehran University Newsletter Vol-X, Issue-I, 2024Mehran University Newsletter Vol-X, Issue-I, 2024
Mehran University Newsletter Vol-X, Issue-I, 2024
 
This PowerPoint helps students to consider the concept of infinity.
This PowerPoint helps students to consider the concept of infinity.This PowerPoint helps students to consider the concept of infinity.
This PowerPoint helps students to consider the concept of infinity.
 
PROCESS RECORDING FORMAT.docx
PROCESS      RECORDING        FORMAT.docxPROCESS      RECORDING        FORMAT.docx
PROCESS RECORDING FORMAT.docx
 
psychiatric nursing HISTORY COLLECTION .docx
psychiatric  nursing HISTORY  COLLECTION  .docxpsychiatric  nursing HISTORY  COLLECTION  .docx
psychiatric nursing HISTORY COLLECTION .docx
 
ICT Role in 21st Century Education & its Challenges.pptx
ICT Role in 21st Century Education & its Challenges.pptxICT Role in 21st Century Education & its Challenges.pptx
ICT Role in 21st Century Education & its Challenges.pptx
 
Class 11th Physics NEET formula sheet pdf
Class 11th Physics NEET formula sheet pdfClass 11th Physics NEET formula sheet pdf
Class 11th Physics NEET formula sheet pdf
 
Application orientated numerical on hev.ppt
Application orientated numerical on hev.pptApplication orientated numerical on hev.ppt
Application orientated numerical on hev.ppt
 
ICT role in 21st century education and it's challenges.
ICT role in 21st century education and it's challenges.ICT role in 21st century education and it's challenges.
ICT role in 21st century education and it's challenges.
 
Russian Escort Service in Delhi 11k Hotel Foreigner Russian Call Girls in Delhi
Russian Escort Service in Delhi 11k Hotel Foreigner Russian Call Girls in DelhiRussian Escort Service in Delhi 11k Hotel Foreigner Russian Call Girls in Delhi
Russian Escort Service in Delhi 11k Hotel Foreigner Russian Call Girls in Delhi
 
Activity 01 - Artificial Culture (1).pdf
Activity 01 - Artificial Culture (1).pdfActivity 01 - Artificial Culture (1).pdf
Activity 01 - Artificial Culture (1).pdf
 
Presentation by Andreas Schleicher Tackling the School Absenteeism Crisis 30 ...
Presentation by Andreas Schleicher Tackling the School Absenteeism Crisis 30 ...Presentation by Andreas Schleicher Tackling the School Absenteeism Crisis 30 ...
Presentation by Andreas Schleicher Tackling the School Absenteeism Crisis 30 ...
 
Introduction to Nonprofit Accounting: The Basics
Introduction to Nonprofit Accounting: The BasicsIntroduction to Nonprofit Accounting: The Basics
Introduction to Nonprofit Accounting: The Basics
 
General Principles of Intellectual Property: Concepts of Intellectual Proper...
General Principles of Intellectual Property: Concepts of Intellectual  Proper...General Principles of Intellectual Property: Concepts of Intellectual  Proper...
General Principles of Intellectual Property: Concepts of Intellectual Proper...
 
Advanced Views - Calendar View in Odoo 17
Advanced Views - Calendar View in Odoo 17Advanced Views - Calendar View in Odoo 17
Advanced Views - Calendar View in Odoo 17
 
TỔNG ÔN TẬP THI VÀO LỚP 10 MÔN TIẾNG ANH NĂM HỌC 2023 - 2024 CÓ ĐÁP ÁN (NGỮ Â...
TỔNG ÔN TẬP THI VÀO LỚP 10 MÔN TIẾNG ANH NĂM HỌC 2023 - 2024 CÓ ĐÁP ÁN (NGỮ Â...TỔNG ÔN TẬP THI VÀO LỚP 10 MÔN TIẾNG ANH NĂM HỌC 2023 - 2024 CÓ ĐÁP ÁN (NGỮ Â...
TỔNG ÔN TẬP THI VÀO LỚP 10 MÔN TIẾNG ANH NĂM HỌC 2023 - 2024 CÓ ĐÁP ÁN (NGỮ Â...
 
Role Of Transgenic Animal In Target Validation-1.pptx
Role Of Transgenic Animal In Target Validation-1.pptxRole Of Transgenic Animal In Target Validation-1.pptx
Role Of Transgenic Animal In Target Validation-1.pptx
 
Mixin Classes in Odoo 17 How to Extend Models Using Mixin Classes
Mixin Classes in Odoo 17  How to Extend Models Using Mixin ClassesMixin Classes in Odoo 17  How to Extend Models Using Mixin Classes
Mixin Classes in Odoo 17 How to Extend Models Using Mixin Classes
 

11

  • 1. 1 Table of Contents Introduction...................................................................................................................................................1 Discussion.....................................................................................................................................................1 Conclusion ....................................................................................................................................................4 References.....................................................................................................................................................5 Introduction In the settings of our world as contemporarily, it would be little doubted that the issue of sustainable business has become increasingly concerned amongst not only industry players but also other stakeholders those are fundamentally critical to the success of the business, including government, customers, investors, employees, host community, to name just a few. In fact, the concept of sustainability is no longer unfamiliar to both academic and practical fields up to current. Rather, it was as early as 1980s that the issue of sustainable development has become prominent and continued to prove its validity in today context. (Carroll, 2015) Bearing this in mind, the essay is carried out for the purpose of bringing into view what could be deployed by companies nowadays in an attempt to evaluate the current level of sustainability and formulate strategy for enhancing sustainability of their business accordingly. In particular, case studies regarding how sustainability measurement is conducted in hotel business as well as restaurant one are given as salient illustration for the discussion in the scope of this writing. Discussion To commence, brief insights into the determination of sustainable business are mentioned as a starting point for the essay. By way of definition, the concept of sustainability, or sustainable development, could be broadly defined as the capability of meeting current needs without sacrificing the possibility of future generations to meet their needs as well as aspiration (Perez &
  • 2. 2 Bosque, 2014). As indicated by Corroll (2015), this so-called concept could be related to a rather renowned theoretical framework named Tripple Bottom Line, which majorly refers to companies’ capability of balancing between the profitability of the business and two other unconventional bottom lines known as people and planet account, so that the sustainable aspect of the business could be fulfilled. In other words, as could be implied from the framework, for a business to be sustainable, companies are supposed to take into account both ecological and social impacts of their operation activities, rather than being solely profit-oriented. Also according to this author, the idea of sustainability shares similarity with such other complementary frameworks as corporate social responsibility, business ethics, stakeholder management, and corporate citizenship as well. From another perspective, according to Aksak et al. (2015), the pursuit of sustainable business could be primarily taken as a form of moral obligation to the society performed by the companies. Moreover, the integration of sustainable practices in business operation activities could be indeed considered as a source of competitive advantage that enables the firm to be at an advantageous position in the run for market leadership with other industry players in the long term. That is to say, the pursuit of sustainability is indeed an effective strategic move that allows firms to reinforce their positive corporate image as well as reputation in the eye of stakeholders, especially government, local community, customer and employee, and the like. Accordingly, more and more firms nowadays are declaring their willingness to pursuit sustainable growth as well as engagement in integrating sustainable practices into their daily-basis business operation activities. (Kadlubek, 2015) On the ground of insights into the concept of sustainability as above, the following discussions in this writing is bringing into view how the current level of sustainability is measured and used as inputs for formulating strategy concerning sustainable development of the organisation in the future to come, with examples from hotel business and food-serving industry. As indicated in advance, the very first case study taken into analysis on the scale of this topic review is an example of Marriott International Inc., one amongst leading firms in global hospitality industry. Founded in 1927 as a family-owned business, Marriott has attained a phenomenal growth to a flagship in the lodging sector with over 4,200 properties locating in approximately 80 countries and territories up to this moment. Equally remarkably, the firm has been well known to the world as one amongst the best organisations to work for as well as one of the most ethical companies globally. In fact, the pursuit of sustainability has long been taken as
  • 3. 3 virtually at the heart of company’s strategy that could be illustrated by the core values defining Marriott’s corporate culture as well as shaping its strategic initiatives, in which the firm commit itself to put people first, pursuit excellence, embrace change, behave with integrity and serve the world. (Marriott, n.d.a) Concerning Marriott’s approaches to measure sustainability aspect in the operation of its each and every property under the ownership or management of the brand, the adoption of LEED Volume Program could be taken as a vivid example to be considered. In general, the Leading in Energy and Environmental Design, or LEED in other words, is in fact a green building certification system that is internationally recognized. The LEED system was developed by the US Green Building Council aiming to provide the third-party verification that a property was designed and constructed in an environmentally friendly manner. That is to say, for a property to be certified as a LEED hotel, requirements regarding such sustainable metrics as reduction of water and energy consumption as well as carbon dioxide emission, efficiency of resource usage along with enhanced in-the-house environmental quality, to name just a few, are expected to be met. (Marriott, 2011) By the year 2005, Marriott was recognized as the very first US hotel group to engage in designing and constructing green hotels in accordance to LEED certification system. Up to current, Marriott has possessed more than 100 LEED-registered and around 30 LEED-certified properties, which could be sufficient to prove the firm’s engagement in the pursuit of green hotel establishment as well as sustainable business. In 2011, the LEED Volume Programme developed by Marriott, which aims at providing a prototype for green hotel, has enabled its certified properties to reduce to 25% in water and energy consumption and allowed initial investment to be recovered within two to six years. In addition to the employment of LEED certification, auditing tools including EEAP (Energy and Environmental Action Plans) together with database as well as monitoring system also play a critical role in enabling Marriott to track and put under control their level of sustainability, and monitor improvement against the fulfilment of sustainability related goals. (Marriott, n.d.b) In addition to an example from lodging sector, a case study from the food serving industry is also brought into discussion regarding the appraisal on how sustainable the business currently is. LaRose (2010) has conducted a report on the issue of sustainability in businesses of serving food. Specifically, the author has identified major issues regarding sustainable practices in the field of food service. On that basis, suggested guideline for cementing responsibility of the business is further provided, including possible course of actions for reducing the amount of waste released
  • 4. 4 to the external environment, improving cost efficiency meanwhile consolidating product quality together with customer satisfaction and loyalty. As for the author, there are four fundamental areas which are the most reflective in terms of current situation of the company regarding its sustainable aspect of business. These include food sourcing, waste reducing, energy and water efficiency & construction of building, and last but not least is the involvement of community and other stakeholders. In other words, these dimensions are supposed to be closely tracked, assessed as well as monitored so as to identify points where possible improvement in terms of sustainability could be made. For instance, it is primarily crucial for those competing in the industry to be capable of controlling the sources of inputs so that issues relating to food safety and quality could be avoided. Accordingly, the shift to using local and organic suppliers would also worth considering as a way to improve food quality as well as customer satisfaction, meanwhile supporting the growth of local business, which indirectly contributes to the economic development of local community and improve the sustainable aspect of the business accordingly. Likewise, controlling over the level of energy efficiency, water consumption, building construction, waste disposed to the environment as well as participation of community into the business could present food service providers with opportunity to figure out where sustainable practice could be integrated so that the overall sustainability of the business could be improved as a whole. Conclusion By way of conclusion, the topic review was conducted with an aim to study insights into how firms could measure its level of sustainability, and shape the strategic direction for further enhancement of sustainable business in the future to come accordingly. With examples from lodging business as well as from food service sector, the writing is hopefully sufficient to demonstrate possible course of actions employed by organisations in reality.
  • 5. 5 References Aksak, O., Ferguson, M. and Duman, S. (2015). Corporate social responsibility and CSR fit as predictors of corporate reputation: A global perspective. Public Relations Review, n.p. Carroll, A. A. (2015). Corporate social responsibility: The centerpiece of competing and complementary frameworks. Organizational Dynamics, 44, 87-96. Kadlubek, M. (2015). The essence of corporate social responsibility and the performance of selected company. Procedia - Social and Behavioral Sciences, 213, 509-515. LaRose, J. (2010). Sustainability in Businesses That Serve Food. [pdf] Available at: http://www.sustainlv.org/wp-content/uploads/Sustainability-in-Businesses-That-Serve-Food.pdf [Accessed 12 February 2016] Marriott (2011). Marriott LEED®s the Way to Green Hotels. [online] Available at: http://news.marriott.com/2011/09/marriott-leeds-the-way-to-green-hotels-company-leads- industry-with-three-brands-pre-certified-leed.html [Accessed 12 February 2016] Marriott (n.d.a). About Marriott International – Find your world. [online] Available at: http://www.marriott.com/marriott/aboutmarriott.mi [Accessed 12 February 2016] Marriott (n.d.b). Environment. [online] Available: http://www.marriott.com/corporate-social- responsibility/corporate-environmental-responsibility.mi [Accessed 12 February 2016] Perez, A. and Bosque, I. (2014). Sustainable development and stakeholder relations management: Exploring sustainability reporting in the hospitality industry from a SD-SRM approach. International Journal of Hospitality Management. 42, pp.174-187.
  • 6. 6 Mình nhận làm gia sư, hướng dẫn hỗ trợ essay, assignment, thesis, dissertation , report , coursework. Ms. Thu Hương huonguk179@gmail.com Cảm ơn các bạn đã tin tưởng. � http://www.slideshare.net/NguyenThuHuong10 các bạn vào đây tham khảo bài mình đã hướng dẫn, hỗ trợ nhen Kết nối với mình tại: https://www.facebook.com/huonguk179