Sustainable Value Portfolio Research Paper Example | Topics and Well Written Essays - 1500 words

Sustainable Value Portfolio - Research Paper Example The research paper "Sustainable Value Portfolio" overviews the sustainability concepts. Sustainability in business refers to the focus an organization puts on the impact of its activities on the environment, economy, and society and can take different concepts, for example, a balance in the operational concepts of a business. An examination of the sustainability value portfolio between Toyota and Hyundai reveals that Hyundai has the best portfolio in terms of sustainability value. To enhance sustainable management issues, Hyundai has put the effort in ensuring awareness among the executives and the staff members concerning sustainability, by ensuring an effective communication system. The company has created a wide sustainable management culture. To enhance sustainability, the company has put in place a global reporting initiative. It has also taken into consideration the social, environmental and economic factors necessary to ensure the performance of the business. Hyundai has also proved to have the best portfolio in terms of sustainability through their stakeholder participation. The company has made a classification of its stakeholders into staff members and stakeholders, subcontractors, customers, shareholders and investors, local communities, and government agencies. This, key issues concerning sustainability management have been assigned to each group. Examining Toyota’s portfolio towards sustainability, the company has focused on ensuring they always make better cars.... Hyundai has also proved to have the best portfolio in terms of sustainability through their stakeholder participation. The company has made a classification of its stakeholders into staff members and stakeholders, subcontractors, customers, shareholders and investors, local communities, and government agencies. Through this, key issues concerning sustainability management have been assigned to each group. However, examining Toyota’s portfolio towards sustainability, the company has focused on ensuring they always make better cars, and enriching the lives of different communities, hence the company is likely to ensure sustainability, however, in the long term range (Becker, 2008). Examining the sustainability value portfolio for Hyundai reveals that; the company has put emphasis on upgrading the core capabilities of the organization. The company has encouraged creative and innovative thinking among the employees, to boost performance in procurement, design and construction mana gement. To ensure global leadership, the company has put in place a vision towards sustainable management. An examination of their future projects, the company has put in place strategies, to accompany the action plans required to unsure sustainable growth of the company (Boudreau, Ramstad, 2005). An examination of the company’s sustainability value portfolio, in terms of the working environment, it is evident that; the company, which is under the construction industry, has undergone rapid transformations in the business environment because of the global environmental issues which include climate change. The business areas of the industry have also expanded and include the development of resources and infrastructure. To enhance sustainability, then company