Task 1.1: You are required to produce a report on
This study fills this gap in the literature through a longitudinal case study of the greening of the business model of the US-based carpet manufacturer Interface. In the face of public environmental and social concerns, firms combine sustainability in their business model. However, the previous research has shown how companies renew their business models have given little attention to the well-being of environmental sustainability at the organizational level in their business ecosystems.
Hence, the study examines the links between managerial agency, organizational identity, and business ecosystems with regards to business model greening, and it discusses how shifts in managerial thinking have enabled the company to build the capabilities needed for the change (Risto Rajala, 2016). The findings delineate the change in the company’s business model, stressing the role of managerial agency in organizational identity formation and in making a favorable change in the ecosystem. The article concludes by linking the findings to the body of knowledge on strategic change and providing a new conceptualization of a company’s business model greening.
Waste is a source that can central to superior business productivity if managed correctly. Shifting from approaches of waste discarding to processes of waste reduction can bring a range of vital benefits:
- It allows cutting companies to waste disposal costs.
- Compliance with environmental legislation becomes cheaper and more straightforward.
- The company can improve your reputation among customers, suppliers, potential employees, and insurers, who may want to be sure that you take your environmental responsibilities seriously. You may also boost the morale of existing staff. The amount of money you can save by managing waste depends on the nature of your work.
- The company can save money through more efficient use of raw materials, packaging, and technology.
Environmental Benefits of Recycling (June 2010) uses a life cycle assessment procedure to observe the likely environmental impacts of recycling across a range of material types. The system boundary for the study begins at the point of waste generation and encompasses processes required to either recycle the waste material or treat it in a landfill, greenhouse gas abatement, energy, and water conservation impacts and measure landfill space savings.
Employee motivation and morale:
It involves rethinking the way we do things and changing old habits. Waste reduction in the workplace hinges on the participation and support of employees, managers, and customers. This fact sheet outlines key concepts to help improve the environmental and operational performance of waste reduction programs in the workplace. This is not easy, but rewards abound as resources and money are saved.
An individual uses the information to understand the relative costs and benefits of adopting a new behavior. Changing old habits and forming new ones is an on-going process that begins with exposure to, and assimilation of pertinent information. It takes time, patience, and persistence. If a new practice isn’t reinforced by an on-going perception that benefits outweigh costs, any change will likely be temporary (Philip Lewis, Adrian Thornhill, and Mark Saunders 2013)……………………