Management Practices and Business Sustainability

Management Practices and Business Sustainability

Paper-free environment, recycling, and reusing of supply materials are a few of the measures implemented by organizations to save fixed costs employed every month.
Other benefits achieved by organizations for adopting eco-friendly practices, is the recognition of awareness towards society. In other words, organizations’ that attempt to reduce the rate of emissions released by the factories portray the image that they are concerned about the consequences of environmental degradations. Hence, consumers are aware that the organization will restrict itself from using anything that can harm the environment thereby, enhancing the goodwill and customer perceived values towards the betterment of the organization. Furthermore, few countries are providing the benefits of Social Economic Zone (SEZ) certifications to the organizations that are reputed in implementing green practices in their workplace. The SEZ is referred to be such areas where the government provides subsidies in terms of property tax, waste management costs and other monetary discounts, that reduce the overall fixed cost incurred by the organizations.
Consequentially, with the increasing significance towards environmental protection, organizations are emphasizing increasingly on the benefits of recycling through which the used furniture and second-hand technology products can be reused by various charitable institutions that are providing free education to the poorer children. In this way, the brand is quite likely to enhance its popularity amid the market and simultaneously contributing towards the overall development of the society. Furthermore, health and safety issues are also regarded as two of the significant drivers for executing green practices in workplaces. Setting up of ‘no smoking’ zones can also benefit passive smokers from the hazardous effect caused by tobaccos in the workplaces.

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