The need to implement substantial business management has become an urgent matter for many companies. In the midst of business challenges related to environmental and social problems, companies are expected to maintain the environment, be socially responsible and maintain their business. Without this kind of balance, the sustainability of the company might be disrupted.
This matter was discussed at ‘Knowledge Sharing: Sustainability Management and Governance in Japanese Companies’whichwas organized at BINUS INTERNATIONAL, in collaboration with Kinki University on 12 August. Professor Naoko Kawahara, the head of the accounting program in Kinki University, was invited to be the main speaker.
At the 2-hour seminar, Prof. Kawahara explained about Japanese sustainability management and reporting in industry. She then explained the process of management that a firm conducts in formulating a sustainable business strategy, up to the point when the strategy is properly executed.
“Sustainable activity is important for companies. If companies make a bad impact on the environment and the people around them, they will never gain good business results,” said Prof. Kawahara.
She explained about strategic implementation by Japanese companies in detail. Japanese companies no longer depend on the government to execute sustained management. The initiative of this kind of management model comes from the inside of the company itself.
“In Japan, whether it is in the environment of its people or in the environment of its companies, sustainable management as a culture has long existed. This of course helps in making sustained practical management, but it does not mean that it can stop. It still needs more effort from the companies to conduct sustained management,” she said.
Prof. Kawahara said that good company management became the key to execute sustained management. In this case,reporting and involvement cannot be disposed of. The report became a crucial matter in the implementation of sustained management strategy.
With knowledge sharing such as this, it may enlighten people who are involved in industry, academics, even people in general of the importance of sustained management strategy.
“Teamwork between BINUS INTERNATIONAL with Kinki University is a strategic collaboration for both institutes. Each of us can study the other country’s methods, not only in the the field of the industry, but also in the field of academics for us lecturers here,” said Dewi Fitriasari, Head of Program of the School of Accounting and Finance.
This activity is also part of a partnership between BINUS and Kinki University written on a memorandum of understanding that will officially start in September 2014. Some of the points of partnership consist of lecturer exchange, student exchange, and other academic collaborations. (RAW)
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