Dq week 9 m 9 Essay Example | Topics and Well Written Essays - 1000 words

Dq week 9 m 9 - Essay Example Instead, this particular business approach may take some time to put in place as it involves everybody connected to the business and require resources, has proven to be capable of giving more benefits than just profits as the result (Cortez 2011). Organizational sustainability is one other thing that is challenging business leaders, and from the look of things, the competition in the business world requires that organizations are sustainable and competent. Sustainability is therefore a Business tool that also requires going through processes and business leaders, for it to work must exert efforts (Wikstom 2010). According to a good number of business Scholars, the argument that most businesses are now adapting to CSR is true. Organizations have also reputation drastically hence causing it to attract the attention of a variety of consumersrealized that CSR is not only based business ethics but that it is capable of changing the company. Menz, for instance, is one of the Scholars who s ays that many corporate companies, which never considered CSR to be an effective tool in business, have now experienced a growing interest. This is due to the fact that as profit-oriented companies, the world climate changes, lack of enough resources and the developing social pressures is forcing them to realize the importance and positive impact of it. Menz says that these organizations are now realizing the social need of creating holistic goals and objectives. It is usually termed as the â€Å"triple bottom line,† which is the current consideration of economic, environmental, and social features of the construction of corporate strategies (Menz 2010). Hadders, on the other hand, comes up with his â€Å"Quadruple Bottom Line Scorecard,† which he uses to measure the performance measurement system for organizations. It offers a calculated map that helps business leaders to measure the performance in their companies in a much better way. Hadders argument about organizat ional sustainability is more or less the same as that of most scholars because he stresses that effectiveness and adaption are two of the main things that drive business sustainability. He also says that sustainability in business requires both knowledge on its effects in the society and the ability for organizations to learn and modernize in response (Hadders 2010). Angelo Cortez answers the question on whether the markets really care about social and environmental performance using the Tokyo Stock Exchange. In his text, he makes it clear that the top Japanese organizations are some of the world’s best example with markets, which are concerned with social and ecological performance. In Japan, over twenty of the top manufactures actively promote and maintain sustainability and provide yearly financial reports in the Tokyo Stock Exchange. Together with countries such as Germany and U.K, Japan practices progressive sustainability reporting through the government assistance, and one of them is the Ministry of Environment which assists in drafting the strategies for ecological accounting and reporting (Cortez M. 2011). John Grinde in his view strongly blames the environmental harm on human activities, and argues like the rest of scholars that it is the