Business Writing SPG

Question: Discuss about the Business Writingfor SPG. Answer: Introduction Improving business sustainability is a core objective which many companies try to achieve (Amber, 2016). Attaining this objective is not always easy because proper strategies must be used. To improve the sustainable practices of a company, the management must identify what is to be achieved, the appropriate strategies of achieving it, and the various people or departments that must work together to achieve it. Although Sunselect property group (SPG) has established a successful product in Sydney, it cannot meet its goals without reputation. The management must struggle to build sustainability to ensure its reputation is established in the market. To succeed in its Greenfields development project, the company must make sure proper strategies of attaining sustainability are used, and the purpose of the project is communicated to all employees. The major advantage associated with sustainable building is cost saving and environmental conservation (Christophe, 2010). The various areas which this company can consider to improve its sustainability include; energy efficiency, water consumption and management, and waste management. Energy Efficiency Minimizing the amount of energy that companies waste is among the top strategies for improving companys image (Rusmin, 2012). The commitment to energy efficiency goes a long way with the current eco-conscious economy. Ensuring a company is energy efficient assist in attracting the right customers, suppliers and other stakeholders. Eliminating energy wastage can also play a role in providing financial resources that can lead to a sustainable income growth in this company. This company should aim at doing the same tasks while using less energy. This may mean minimizing the amount of energy needed to perform an activity like lighting, heating cooling and so on. Establishing energy efficiency in this company will require commitment at levels of management. Financial analysists have identified a core relationship between energy efficiency management and healthy stock and financial performance (Rusmin, 2012). Although achieving this efficiency may depend on several factors like the available resources, the companys perceptions towards risks and opportunities, and other factors, the step of attaining energy saving is rewarding. SPG can attain energy efficiency through various strategies. Some of these strategies include the use of renewable sources of energy like solar and wind. Although the initial cost of installing solar panel wind turbines may be higher, the cost of paying electricity bills from time to time is much higher The company can also consider using energy saving machines and making use of daylight. The management should ensure it uses devices that have been certified to be energy saving and also switch off the bulbs during the day (Joyce, 2015). The management should also make sure the offices are well ventilated to minimize excessive use of cooling fans and other air regulating gadgets. Water Consumption andManagement Water is a fundamental resource for every company (Carlos, 2014). In the society where the demand for water is likely to exceed the supply, most of the companies are struggling to find the water that can sustain their business operations. This means for the companies that are lucky to have enough of it, must ensure it is conserved to avoid future problems. This company must ensure it aims at proper water consumption and management through establishing various strategies like installing meters on every production section. This will assist in finding out which section uses a lot of water and what can be done to minimize the usage. SPG can reduce its water consumption through various strategies. Some of these strategies include recycling, increasing internal reuse and modifying or replacing the existing equipment with water saving facilities to reduce the overall water consumption. Optimization of water in this company may be substantial because it will assist in reducing water withdrawals from the local water sources hence improving the resource availability and community relations (Petulia, 2016). It can also assist in minimizing the productivity per water input, wastewater discharge and its pollutant load, thermal energy consumption and potentially its processing cost. The company can also establish proper water management through educating its employees on how to optimize usage. This can include educating them about water scarcity issues and the effects of water conservation practices (Rusmin, 2012). Involving the employees in a problem-solving process to minimize usage can also assist them to understand the importance of using less to do more in the company. It can also attain its water management goals through setting up water conservation programs. WasteManagement Waste management involves all activities and actions needed to manage waste from its origin to its final disposal (Charmi, 2012). This includes various activities like collection, treatment, transportation, and its disposal together with monitoring and regulation. Proper management of waste in this organization can be one of the strategies that management can use to build reputation. Customers like associating themselves with companies that show environmental responsibility. This company can attract and improve customer loyalty through demonstrating its environmental responsibility through proper waste management. There are various ways that the company can use to manage its waste. Some of these ways include reducing the amount of waste generated during production (Rusmin, 2012). To achieve this, the company can focus on improving its efficiency through coming up with technology and practices that minimize the amount of waste released. Another strategy can be recycling. The company can attain waste management through processing products or components into changed form for a different application (Marianne, 2013). Recycling is the alternative to conventional waste disposal and assists in saving materials and minimizing greenhouse gas emissions. Other strategies of waste management that SPG can use are, reusing, recovering, and remanufacturing. Conclusion SPG can realize better performance through improving its business sustainability. Its management should ensure it comes with proper strategies of improving its energy efficiency, water conservation, and waste management. Through attaining sustainability, it will be able to improve its cost saving, conserve the environment, and achieve a reputation. To succeed in its Greenfield development project, the CEO must ensure all levels of management plays a role. The CEO must also ensure employees must be taught the importance of the project, the various strategies to be used and the role they are expected to play to make the project successful References Amber, L. V. 2016. Sustainability: A Cross-Industry Study*,.Journal of Applied Management and Entrepreneurship. 21(4), 78-90. Carlos. O. 2014. Corporate Water Strategies. Australian Journal of Environmental Education, 30(2), 567-600. Charmi. S. 2012. Biomedical Waste Management: A Move towards Green Environment. Asia Pacific Journal of Management Entrepreneurship Research, 1(3), 37-56. Christophe, G. S. 2010. Integrating Sustainability Measures into Strategic Performance Measurement Systems: An Empirical Study. Management Accounting Quarterly, 11(3), 456-510. Joyce, S. J. 2015. Integrating Sustainability into Sme Strategy. Journal of Small Business Strategy, 25(2), 200-220. Marianne. J. 2013. Sustainability and Integrated Reporting: Opportunities and Strategies for Small and Midsize Companies. Entrepreneurial Executive, 18(1), 45-67. Petulia. B. 2016. Management Behavior toward the Integration of Sustainability. SAM Advanced Management Journal, 81(3), 234-240. Rusmin, f. G. 2012. Legitimising Corporate Sustainability Reporting throughout the World. Australasian Accounting Business Finance Journal, 6(2), 23-56.