Convincing Features
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In recent years, organizations have been operating in difficult times. Prior to the Covid-19 pandemic, organizations had already been pressured by fluctuations in oil prices which adversely affected costs and profitability. Many have opted for downsizing and rightsizing as part of their responses to sustain the business. The situation worsened as the whole world was hit by the pandemic, forcing organizations to abruptly transform ways of managing the organization and rethinking strategies to stay competitive.
New issues have emerged during the pandemic, among others is the sustainable development of organizations. For example, work-life balance, flexible work hours, empowerment, equality, and employees’ well-being have gained much attention from industries, policymakers, and scholars under the initiatives of ESG (Environmental, Social, and Governance).
Realizing that economic recovery is anchored on ESG-driven growth, managers of organizations today should be well prepared with planning, organizing, leading, and control initiatives in line with sustainable development goals.
Choose a real-life organization. You are the senior management team of the organization. In response to the sustainable development goals, your team wishes to propose to the Executive Chairman, relevant ESG practices to be implemented as part of the strategic direction of the organization. In your proposal to:
1. Analyse the environment and stakeholders of the organization
2. Suggest specific initiatives promoting ESG at the workplace which include human resource issues and the working environment, focusing on:
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