Answered You can hire a professional tutor to get the answer.
Compose a 3000 words assignment on strategic management and governance. Needs to be plagiarism free!
Compose a 3000 words assignment on strategic management and governance. Needs to be plagiarism free! In strategy formulation, sustainable consideration refers to environmental, social and economic considerations use din strategy formulation. Therefore, there is great importance that lies in the ability to consolidate various factors that play a certain role in the organization of effective processes and activities within any organization or firm. In the current environment, there are various environmental, social and economic terms that have been developed to refer to the concept of sustainable development. This is in relation to the organization. The most common ones are corporate social responsibility, sustainability, and corporate citizenry.
The aspect of sustainability is based on one of the simplest principles. It entails the need to put everything that is required for survival and wellbeing independent of the natural environment in either a direct or indirect way. In this sense, with sustainability, human beings and nature are able to create and sustain an environment that produces product harmony. In turn, this environment can permit the fulfillment of the economic and social requirements among other needs of the present and future generations.
Sustainability is a crucial element in the process of corporate management where environmental, financial and social performance in the effort to achieve competitive advantage. The main reason is that it ensures that there is abundance and it will continue to be experienced in the future. It mainly relates to the resources that are needed to protect the vital conditions of human beings as well as the environment. Morrish et. Al. (2010, p. 163), outlines that there is a major connection between sustainability imperatives, the formulation of strategies as well as the role of corporate entrepreneurship. In essence, from a business point of view, the aspect of sustainability can be expressed through the basic means of four dimensions. They include the market, social, financial and environmental components.
