Sustainable management future Assignment Example | Topics and Well Written Essays - 1500 words

Sustainable management future - Assignment ExampleSustainability, however, attempts to come across all three elements simultaneously. Sustainability is increasingly becoming hot amongst consumers who are now demanding retailers to adhere to sustainable principles. Further insight reveals that the proportion of ethical consumers has risen over the years in the U.K. To this end, the proportion has risen from 36% in 2004 to 40% in 2007 (Ipsos MORI, 2007). However, a significant factor that hinders ethical purchases is that of price. Increasingly, consumers have suggested that highly sustainable results come at a price premium. Therefore, consumers pick out sustainable products, only if they are not sold at a premium price. sewer Lewis has incorporated sustainability into every aspect of its operations, particularly its partnerships. The connection has a well developed framework for CSR and sustainability under which it operates which includes its compliance with all regulatory mea sures, the maintenance of a transparent governance structure, keeping all stakeholders on climb on as well as mitigation of risk. As far as CSR is concerned, there are three major schools of thought. John Lewis applies neither the classical Bowen nor the Friedman involve solely. The Bowens school states that giving back to the society ought to be the aim of a businesss existence (Bowd et al., 2006). Albert Carr took this view to its extreme by stating that businesses ought to achieve profits at any cost (Bowd et al., 2006).John Lewis does not follow this view since doing so would leave little incentive for running the business that is, profits. The company is certainly not a charity or a non-profit concern it is very much a profit making entity catering to various product offerings while differentiating itself from its competitors. The other view is Friedmans view which states that the sole purpose of businesses is to generate profits and that organizations are best run by the int erests of its owners (Bowd et al., 2006). Friedman indicated that social righteousness is not the arena of businesses and is the sole domain of the government, NGOs and the individuals. John Lewis does not adhere to Friedmans principles in isolation because it engages in extensive CSR activities green sourcing, 15% decrement in carbon footprint over 10 years, ? 8.8 million donation to charities to name a few. The perspective followed by John Lewis is the CSRs theory that has been knack in stark contrast to Milton Friedmans view that the only objective that an organization should have is maximisation of profits. This view states that CSR is best achieved by switching from a purely altruistic view of relationships with stakeholders to one where the CSR activities are tied to organizational performance (Bowd et al., 2006). This is reflected in the stringent long term targets set by John Lewis. For instance, 98% of its current energy consumption is from renewable sources (John Lewis Partnership, 2011). The company has also targeted the elimination of use of non-renewable plastics in packaging along with sustainable interiors in bend by applying