Question

Course: Business and Enterprise

Research, identify and explain the TWO companies' approaches to economical sustainability in depth. Please include your sources (200 minimum).

Answer 1

The two companies that we would be considering are Apple and Nestle. Both the companies are well established name in their respective domains and are doing quite good as far as the overall business is concerned. The approach followed by Apple for economical sustainability in depth is that it has made sure that every year a new iPhone with a better version is launched, what this has actually done is that people are now more keen to upgrade their phones every year and this has made the system of Apple economically viable and sustainable.

As far as nestle is concerned they have identified a chain of business which is always reaping good fruits and better profits because those are the necessity of the people so they have been able to maintain their profit expectations and keeping that in one place they experiment with the rest and hence this has also made them economically sustainable in depth since they have freeze one area that would take care of the economy of the company and the finances are then sorted because they have ample scope for innovative techniques and creative experiments keeping in mind their profit needs are intact and hence these companies are doing fairly well in their business.