Wednesday, May 6, 2020

Indicators and Indices Sustainable Development

Question: Discuss about the Indicators and Indices for Sustainable Development. Answer: Introduction: In this era of globalization, sustainable development is the need of the hour. There are limited natural resources and it is important that organizations should be wise to use natural resources. I have learned that organizations must continue forward on the path of sustainable development. It is observed that the sustainable practices are easy to use for the organizations that have an open culture in place as compared to the organizations that have a close culture in place. There are some organizations use closed-systems due to the multitude of activities and types of activities. Take for instance, research and development organization tend to use a closed-loop system to protect new products and sensitive information in research and development organizations (Zhang, and Yuan, 2016). Among the numerous benefits that sustainable development approach can provide amongst employees and within the community, this developmental style has also proven to be profitable in the business world. I have learned that true practice of sustainable development requires a strong leadership at top of the organization. I believe that this makes a difference in the overall quality of the organization, because when employee feel that leadership cares enough to listen it promotes harmony throughout the organization. When employees feel, appreciated and valued, then it shows in their work ethic (De Brucker Macharis, 2013). This gives the organization that I work for a competitive advantage because employees are likely to remain employed with the hospital, rather than organizations that have increased turnover rates. In my opinion, hospitals with less employee turnover rates due to employee satisfaction by far have a competitive advantage over hospitals with higher employee turnover rates. When exploring the concepts of sustainable development and triple bottom line, I have come across this in my research as well. One of the tougher sells when trying to instill the triple bottom line message of sustainable development with managers is that is doesnt sound like what it is. Because the natural instinct of a manager is to come across as strong and focus on profit maximization, they may view the idea of society development as weak. Terosky Reitano (2016) discusses how sustainable development is a commitment to the success of followers rather than an accumulation and execution of power. It requires a shift in mindset and a greater understanding of the bigger picture. A perfect example of reflect for sustainable development would be Southwest Airlines. Southwest Airlines seems like an amazing organization. We studied Southwest Airlines a lot for our last class. Southwest Airlines knows what their company stands for and how to keep it that way (Ciegis Ramanauskiene, 2015). They wanted to expand their services but did not want to destroy their values and customer service. I like how they brought team members from other locations to help teach and guide the new staff when a new location opened. During this course, it was very interesting to read about various models of sustainable development. The Dunphy model of sustainable development suggests that community is an integral part of sustainable development framework and the efforts should be taken by organizations to include community for their approaches towards sustainable development. The organizations should analyze the various models of sustainable development and based on the suitability and applicability, organizations should use the model in their eco system. I have learned that in todays business world, sustainable development approach is the key for organizations to move forward. The utilization of sustainable development approach provides a competitive advantage to organizations based on current evidence that suggest organizations that focus on their employees and employee satisfaction reap the benefits of financial success because employees are more engaged. It is correct that profit maximization is the primary objective of organizations. However, consumers have also realized the importance of sustainable development. Today, consumers want to associate themselves with the organizations that focuses things more than profit maximization (Clercq, Bouckenooghe, Raja, Matsyborska, 2014). I have always believed that sustainable development begins at home. It means that the organizations must fits focus on employees and inclusive approach for sustainable development. I have learned that sustainable development would be useful only when organizations takes an inclusive approach. As a part of triple bottom line framework, there are three bottom lines of profit, people and planet. I have learned that people is one of the most important aspect of this framework. It is important that organizations should manage all the three bottom lines in a synchronized manner. The people dimension of this framework would also give boost to other two dimensions of this framework. Therefore, it is important that organizations must include employees towards all the policies and strategies of sustainable development and corporate social responsibility. References Ciegis, R., Ramanauskiene, J. and Startiene, G., 2015. Theoretical reasoning of the use of indicators and indices for sustainable development assessment.Engineering Economics,63(4). De Brucker, K., Macharis, C. and Verbeke, A., 2013. Multi-criteria analysis and the resolution of sustainable development dilemmas: A stakeholder management approach. European journal of operational research, 224(1), pp.122-131. De Clercq, D., Bouckenooghe, D., Raja, U., Matsyborska, G. (2014). Servant leadership and work engagement: The contingency effects of leaderfollower social capital. Human Resource Development Quarterly, 25(2), 183-212. Lessmann, O. and Rauschmayer, F., 2013. Re-conceptualizing sustainable development on the basis of the capability approach: A model and its difficulties. Journal of Human Development and Capabilities, 14(1), pp.95-114. Terosky, A., Reitano, M. C. (2016). Putting Followers First. Journal Of School Leadership, 26(2), 192-222. Zhang, X., Yuan, X. (2016). The system dynamics model in electronic products closed-loop supply chain distribution network with three-way recovery and the old-for-new policy. Discrete Dynamics and Society. 2016 (1) 1-10.

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