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Question: Discuss About The Sustainable Business Practice In Management? Answer: Introducation It can be defined that the operation within the organization is based on the future and current stakeholders so that it helps in ensuring the health and survival of the business along with the economic, environmental and social systems for the long run. The businesses need to focus on the impact that it is creating on the environment so that it can be sustainable in its operations (Shen 2015). The Banyan Tree Hotel is based in Maldives and has 18 luxury hotels that are spread over Southeast Asia, which provides the guests an environment that is local but filled with luxury amenities for the tourists. The company had initiated a program known as seedling education, which helped in empowering the communities to develop on a local level. The developing areas in Maldives do not have enough education and is not aware of the fact that plants can help in maintaining the community in a better way. The hotel industry has taken an initiative in establishing various schools with the local communities along with scholarships that are sponsored by them so that the members can have a better education and know about the importance of flora and fauna within the community. The schools that are established by the company include various centres for language along with programs that helps the members of the community to learn about marine biology (Wirtz 2016). The company has launched a program called the Seedlings that has taken the initiative of supporting the local communities by educating the young members within the community at a local level. The program helps in providing better guidance to the young adults who are in their adolescent stage. The company provides scholarships to the families that cannot afford to provide better facilities of education at a primary and secondary level to their children (Windsor 2015). The program also aims to offer internships to the people on various subjects such as housekeeping, maintenance and engineering, customer service and presentation of the culinary skills, which helps the adults in gaining a proper experience prior to their first job. The other business practice that has been adopted by the company and is sustainable in nature is the preparation of the conservation labs. The company in 2003 had constructed many conversation labs that provided the scientists that visited that place, all the facilities, which helped in saving the local environment of the nearby resorts. Apart from the research that helped in providing scientific research, the aim of the labs were to increase the awareness by partnering with the members of the local communities to solve the issues that were local in nature. The company opened its first conversation lab in the year 2004 known as Vabbinfaru Maldives Marine Lab, which was located off the coast of Maldives. The primary aim of the lab was to recover the species that are endangered such as the Black Tip Reef Sharks and the Green Sea Turtle along with the other floras and faunas (Montano et al. 2016). The success and popularity of the first lab helped in the creation of the second research lab that was established in 2006 known as the Velavaru Maldives Marine Lab, which helped in conserving the reefs that are present in Maldives along with the Hawksbill Sea Turtle. The main projects that were inclusive under this lab were the protection of the coral gardens along with the nesting sites of the Hawksbill Sea Turtle. It also led to the solving of the mortality rate of the fishes that were present in the coral reefs of Maldives by extending the research in the formation of the harmful algae (Rigatti 2016). The company needs to maintain the responsibility of sustainable business practices so that the resources that are available to the company can be used in an appropriate manner, which will help in creating a link between the wellbeing of the humans along with the degradation of the ecology. This may make the company weak in its economic structure at the first instance but may help in conserving the environment for a long period, which will help the hotel to be sustainable in the future. The company needs to allot the resources to the humans in an appropriate manner so that it does not prove to be detrimental for the existence of the floras and faunas in the surrounding environment (Becken et al. 2014). According to Tomroth (2014), the approach of the hotel company for its sustainable practices was transformational, as it helped in changing the current social and economic system of the place, which was the primary cause of the unsustainable behavior within the local community. The transformational approach helped in progressing in an equitable and an ecological manner that helped in the development of the community in a qualitative manner so that the local environment around the hotel can improve in a better manner. It has helped the local businesses to transform themselves in a globalized manner along with the increase in the local production. According to Mouradian (2015), this has helped the local community to be a part of the consumption growth that is continuous in nature, which earlier was a cause of poverty among the members of the local community. The allocation of the resources on a global level has helped in resolving the poverty among the members and played an important r ole in the development of a powerful political and economic system. Thus, it can be concluded that the rise of the hotel in Maldives was mainly through the sustainable practices that it had adopted earlier. The programs that were undertaken by the hotel helped in educating the local people about the surrounding environment so that they can provide better knowledge about conserving the environment in a proper manner. The establishment of the marine labs helped the company in protecting the floras and faunas for which the place became more attractive to the tourists. This helped the company in attracting the tourists and increasing their profits as well. Reference List Becken, S., Garofano, N., McLennan, C., Moore, S., Rajan, R. and Watt, R., 2014. From Challenges to Solutions.Proceedings of the 2nd White Paper on Tourism and Water: Providing the Business Case. Griffith Institute for Tourism Research Report Series, (1). Montano, S., Strona, G., Seveso, D., Maggioni, D. and Galli, P., 2016. Widespread occurrence of coral diseases in the central Maldives.Marine and Freshwater Research,67(8), pp.1253-1262. Mouradian, C., 2015. The Art of Welcome: what are the innovative practices that would enhance the guests experience in Luxury Hotels?. Rigatti, V., 2016. How can an ecolodge become a sustainable and successful business model: Environmental, social, and economic perspectives.Unpublished thesis, Master degree of science in international tourism management. Modul University, Vienna. Shen, H., 2015. Critical success factors for leading hotel brands in Asia: a case study of banyan tree.International Journal of Marketing Studies,7(3), p.19. Trnroth, S., 2014. Green Politics in the Maldives: A Possible Saviour?. Windsor, D., 2015. Exotic tourism in very fragile locations.Sustainability in Hospitality: How Innovative Hotels are Transforming the Industry, p.61. Wirtz, J., 2016. Banyan Tree: Designing and Delivering a Branded Service Experience. InSERVICES MARKETING: People Technology Strategy(pp. 633-642).