MGMT1102 Managing Across Cultures Essay

Question:

What are the key drivers in the Age of Responsibility, according to Wayne Visser?

What is causing companies to take sustainability more seriously?
What are some of the reasons or evidence for this shift in the market?

What are some of the consequences for companies that ignore sustainability as a driver?

Answer:

Corporal and Social Responsibility
Driver: condition causing other subsequent decisions to take place based on its occurrence
Sustainability: meeting the needs of the present consumers without any compromise to the ability to meet future needs

Examples of drivers

The key drivers in the age of responsibility according to Wayne Visser include; cultural tradition, governance gaps, political reform, socio-economic priorities, market access, crisis response, investment incentives, international standardization, supply chain integrity and stakeholder activism (Visser, 2011).
Sustainability merits and application
The reason for seriousness in sustainability is that climate change and environmental degradation are key business risks, it becomes hard to hide for companies that destroy the environment and sustainability has become a major driver for competitiveness and business strategy. Companies that fail to embrace sustainability cannot achieve high levels of competitive advantage and may not survive in the market.
What does it mean to be responsive in the Age of Responsibility? Provide examples, and explain the trade-off between responsiveness and scalability.

Key term definition

Responsive: To be responsive involves reacting towards the business ideologies of sustainability, integrating sustainable business operations and fighting environmental degradation.
It involves embracing changes that bring about or promote clean environment through sustainable business strategies.
For instance, carbon and greenhouse gas emission reduction, innovation, water management, design technology that promotes material recycling and reuse are examples of sustainable business operations (Coombs, & Holladay, 2011).

Sustainability and application

The trade-off between scalability and responsiveness is in doing less but doing it rightly. Businesses need to come up with ways to embrace sustainability no matter the pace of transformation.
What is glocality, and how would you apply the concept to any product or service of
your own choosing? What is the benefit to business of glocality?
Key term definition
Glocalization: involves the adaptation of international or global products into the contexts of local use and selling.
It can be applied on any products manufactured in the global market by adapting it to local use through reduced prices, changing the d?cor and settings, adapting them to local customs and culture (Visser, 2011).
Sustainability and application
The benefit is to make the end user more comfortable to using products by targeting mass population.

References

Coombs, W. T., & Holladay, S. J. (2011). Managing corporate social responsibility: A communication approach. John Wiley & Sons.
Visser, W. (2011). The age of responsibility: CSR 2.0 and the new DNA of business. John Wiley & Sons.

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