For a company to truly thrive, being both profitable and purposeful must be at the core of its ethos. An organization that is built upon and driven by these goals provides mobility to its employees and resources in a way that is incomparable. In essence, companies need to do well by doing good, derived from having clear and well-defined goals for the organization’s sustainability. It is up to the leadership to ensure that sustainability is at the top of the business agenda. They must ensure that an effective strategy is embedded in the company’s day-to-day function and longterm vision in a way that mutually benefits both employees and the employer. CEOs should outline clear objectives and purposes beyond financial touchpoints, which will form the basis of their core values.
Effective strategies on sustainability can improve a company’s overall function both internally and externally, leading to the growth of its brand identity. Therefore, a concrete plan needs to be brought into place to ensure quantifiable business outcomes as well as a measurable and definitive impact. While most corporates and businesses have implemented a sustainability strategy, many are typically incongruent with the company’s profitability and growth objectives and are often rendered obsolete. Effective measures on sustainability need to be ingrained into the very fabric of a company’s corporate DNA, and not just a tick in the box. Despite years in operation, there are a plethora of companies that are still failing to formulate effective strategies for sustainability alongside long-term growth and viability.
This story is from the October 2019 edition of Indian Management.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the October 2019 edition of Indian Management.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Trust is a must
Trust a belief in the abilities, integrity, values, and character of any organisation is one of the most important management principles.
Listen To Your Customers
A good customer experience management strategy will not just help retain existing customers but also attract new ones.
The hand that feeds
Providing free meals to employees is an effective way to increase engagement and boost productivity.
Survival secrets
Thrive at the workplace with these simple adaptations.
Plan backwards
Pioneer in the venture capital and private equity fields and co-founder of four transformational private equity firms, Bryan C Cressey opines that we have been taught backwards in many important ways, people can work an entire career without seeing these roadblocks to their achievements, and if you recognise and bust these five myths, you will become far more successful.
For a sweet deal
Negotiation is a discovery process for both sides; better interactions will lead all parties to what they want.
Humanise. Optimise. Digitise
Engaging employees in critical to the survival of an organisation, since the future of business is (still) people.
Beyond the call of duty
A servant leadership model can serve the purpose best when dealing with a distributed workforce.
Workplace courage
Leaders need to build courage in order to enhance their self-reliance and contribution to the team.
Focused on reality
Are you a sales manager or a true sales leader? The difference, David Mattson, CEO, Sandler® and author, Scaling Sales Success: 16 Key Principles For Sales Leaders, maintains, comes down to whether you can see beyond five classic myths that we often tell ourselves about selling.