The paper "Stakeholders May Be Represented by Carroll’ s Pyramid and the Corporate Social Responsibilities" is a good example of business coursework. Sustainable development is a people-centred concept that embodies the need to improve the quality of human life. It is based on the need to ensure nature is respected for the purpose of conservation and preservation (Babetti 2013, p 9). Often, sustainable development measures the standards of behavior and judges those standards against the ability to create the quality of life with the capacity of supporting ecosystems. There are three pillars in relation to sustainable development.
These pillars include the social, economic and environmental aspects of the society (Loosemore et al. 2017, p 96). The inter-relationship between these three pillars is the critical element that stabilizes the standards of life creating a balance between daily needs and protection of resources. Most national and international problems arise due to the failure of having a reasonable control mechanism for each of these pillars (Loosemore et al. 2017, p 93). As a result, there are problem-solving efforts through organizations each dedicated to one of the pillars (Watts et al.
2015). For instance, under the environmental pillar, there is the United Nations Environmental Programme (UNEP) and the Environmental Protection Agencies (EPA) among others (Babetti 2013, p 9). Under the economic sector, there is the World Trade Organization (WTO) that mostly focuses on the regulation and maintenance of economic growth (Loosemore et al. 2017, p 95). Lastly, there is the United Nations (UN) in general that attempts to strengthen the three pillars by ensuring that organizations under each pillar have a consensual decision-making mechanism and that they have reasonable budgets. The UN has listed seventeen goals for sustainable development.
Most countries around the world are working towards the achievements of these goals. These goals revolve around the need for food, education, health, good infrastructure and reliable sources among many others (Lorenz & Moutchnik 2016, p 250). Implementing a promising plan requires that the group responsible have a good organizational structure, a strategic plan, an operational plan that brings about success and change, a financial plan, good funds raised to each initiative and well-staffed structures (Segre 2008, p 50). In most cases, sustainable development plans tend to fail due to fraud and far-fetched ambitions that may be impossible to implement. Figure 1: Showing the three pillars and the interrelation in Sustainable Development. Role of Business in Sustainable development and the Embedded-ness Perspective Many things are embedded in the social structure and functions of various institutions.
This means that the sustainability or the progress of one is affected by the progress or lack thereof of another. The probability that the dysfunctional nature of one completely disorients the other is the perspective behind this reasoning (Segre 2008, p 44).
Looking at the business, for instance, there are certain aspects that clearly depict the role businesses have on sustainable development. For instance, many of the key priorities or operations that relate to sustainable development such as resources are intertwined by how many business activities are occurring at the same time in our daily lives. Some of the businesses that show the level of effect on sustainability are; the companies that emit greenhouse gases, companies that use up most of the resources, companies that require so much water and transport that may lead to emission of toxic substances and so on (Lorenz & Moutchnik 2016, p 252).
This goes to show that business activities do affect many factors and contribute to the very issues that reduce sustainability.
Ann ink, A., den Dulk, L. and Steijn, B., 2015. Work-family state support for the self-employed across Europe. Journal of Entrepreneurship and Public Policy, 4(2), pp.187-208.
Babetti, H., 2013. Ethical Responsibilities of Multi-National Corporations: A Critical Analysis of Why Morals Matter. Sociological Imagination: Western’s Undergraduate Sociology Student Journal, 2(2), p.9.
Capaldi, N., 2016. New (other?) directions in corporate social responsibility. International Journal of Corporate Social Responsibility, 1(1), p.4.
Carroll, A.B., 2016. Carroll’s pyramid of CSR: taking another look. International journal of corporate social responsibility, 1(1), p.3.
Jurik, N., Jurik, N., Křížková, A., Křížková, A., Pospíšilová, M. and Pospíšilová, M., 2016. Czech copreneur orientations to business and family responsibilities: A mixed embeddedness perspective. International Journal of Gender and Entrepreneurship, 8(3), pp.307-326.
Křížková, A., Jurik, N. and Dlouhá, M., 2014. The divisions of labour and responsibilities in business and home among women and men copreneurs in the Czech Republic. Women’s Entrepreneurship in the 21st Century: An International Multi-Level Research Analysis, Edward Elgar, Cheltenham, pp.258-277.
Loosemore, M. and Lim, B.T.H., 2017. Linking corporate social responsibility and organizational performance in the construction industry. Construction Management and Economics, 35(3), pp.90-105.
Lorenz, P.M. and Moutchnik, A., 2016. Corporate Social Responsibility in the UK Creative Industries: Building the Missing Link. uwf UmweltWirtschaftsForum, 24(2-3), pp.245-252.
Ravi, S.P., 2015. Corporate Social Responsibility, Stakeholder Perception, and Firm Performance: Walmart. In Technological Solutions for Sustainable Business Practice in Asia (pp. 105-126). IGI Global
Reay, T., 2009. Family‐Business Meta‐Identity, Institutional Pressures, and Ability to Respond to Entrepreneurial Opportunities. Entrepreneurship theory and practice, 33(6), pp.1265-1270.
Segre, S., 2008. A Weberian Analysis of Business Groups and Financial Markets: Trade Relations in Taiwan and Korea and Some Major Stock Exchanges. Ashgate Publishing, Ltd..
Steier, L.P,. and Chrisman, J.J., 2009. Embeddedness perspectives of economic action within family firms. Entrepreneurship Theory and Practice, 33(6), pp.1157-1167.
Watts, G., Dainty, A.R. and Fernie, S., 2015. Making sense of CSR in construction: Do contractor and client perceptions align?.
Yoon, D., 2015. Corporate social responsibility (CSR) advertising and consumer responses in the lodging industry: Functions of green marketing motive and appeal type.
Yosifon, D.G., 2015. The Social Relations of Consumption: Corporate Law and the Meaning of Consumer Culture. pp 55-57.