Question

In: Economics

Can you think of any incentives that you face the encourage you to behave in ways...

Can you think of any incentives that you face the encourage you to behave in ways consistemt with sustainability?? Can you think of any that have the opposite effecfs?? How could the latter be changed??

Solutions

Expert Solution

It is the incentive of increased level of local acceptability, recognition, more business and more monetary rewards that help encourage me to behave that is consistent with the sustainability. It happens in a ways when work is done to create more value for the customers and community, offering wages that is over and above the local law requirements and spread benefits to the community in terms of clean water, hygiene and natural resource preservation. It brings benefits that comes back to organization and its some part of it, comes to those who are volunteers, working to implement sustainability.

Though, in certain occasions, company brings more stress on short term profits, rather than value creation for the society. It makes behave that is inconsistent with the sustainability drive. It is due to the reason that employees come under pressure to perform and try to gain revenue for the company even if it comes via unethical means.

This type of problem or situation can be resolved, when ethical conduct and or sustainability consistent behavior is given due importance in performance appraisal. It will make employees work with more determination that is consistent with the sustainability. It should also be promoted by top management and their intent should be clearly spread from top to bottom in the organization so that employees also show their commitment.

  


Related Solutions

Can you think of any ways that further regulation could actually support smaller businesses?
Can you think of any ways that further regulation could actually support smaller businesses?
In order to promote economic growth, the government can provide tax incentives. This may encourage the...
In order to promote economic growth, the government can provide tax incentives. This may encourage the creation of job opportunities. For instance, it is possible giving tax related incentives to new entrants (beginners of new business). On the other hand, unless taxes are collected adequately, it is not possible to run government offices or fund social amenities, or any government operation. How would you reconcile the two seemingly opposing instances. What do you think?
You see them everywhere! Short-term sales incentives are used to encourage the purchase of a product...
You see them everywhere! Short-term sales incentives are used to encourage the purchase of a product or service. Let's see what creative, interesting, effective, or just simply off-the-wall sales promotions are observed in the market. Then, try your hand at B-to-B sales...and create a pitch to showcase your peer's brand in an upcoming Super Bowl commercial. Discuss Identify and post an image of a sales promotion in your local area or online. Assume the role of a brand manager and...
List the different ways the government can force monopolists to behave and price more competitively and...
List the different ways the government can force monopolists to behave and price more competitively and discuss the difference between Marginal Cost and Average Cost pricing between a natural monopolist and a regular monopolist.
1. Firm Value Discuss any ways that you think a change in the capital structure of...
1. Firm Value Discuss any ways that you think a change in the capital structure of a firm can affect the stock price. 2. Tax Benefit of Leverage Discuss how the tax code favors debt financing over equity.
Do you think that there are any other good ways to maintain a positive classroom atmosphere?
Do you think that there are any other good ways to maintain a positive classroom atmosphere?
Can you think of any obstacles or disadvantages of developing a portfolio?
Can you think of any obstacles or disadvantages of developing a portfolio?
Reflect on ways to encourage open communication
Reflect on ways to encourage open communication
Identify an Agricultural process and link that process in as many ways you can think of...
Identify an Agricultural process and link that process in as many ways you can think of to Economy, Energy, and Employment
Are there any scenarios that you can think of that makes more sense to get the...
Are there any scenarios that you can think of that makes more sense to get the money in the future versus today? What about lottery winnings? Would you prefer the winnings now or payouts over a period of time?
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT