A New Future For Business

Bertrand Piccard quotes, “In the 21st century, the heroes will be the people who will improve the quality of life, fight poverty and introduce more sustainability. This is a powerful message, it sums up the concepts discussed throughout the course. Additionally, the case studies such as the New Belgium Brewery, SC Johnson and The Kimberly Clarke organization have been proven to practice this philosophy. As society progresses in its efforts to provide a more sustainable future, there is a fundamental foundation of principles that must be followed to ensure success. Sustainable business development takes into account the application of business operations as it relates to the three pillars of sustainability, which is a dynamic yet integrative place to begin this journey. DesJardins, (2006) calls for a re-imagination of the future to create a vibrant sustainable model; which forms similar beliefs to Piccard. In addition, organizations are more inclined to create sustainable practices based on consumer demand and the willingness of leadership to participate in sustainability programs.

Every company has a responsibility to support the society it serves. This indicates that a company that wishes to truly thrive in a market should not just follow the business and consumer laws of the country but take an active interest in the community that it serves in each country. Today’s global market is led by companies that concern themselves with the sustainability of the company and its products, as well as the continual improvement of the

To a regular person, the global concern about ‘going green’ might appear as a result of speculation from nervous politicians and alarmed citizens. But the reality is totally different. In recent years, businesses have gained much knowledge about the impact of their activities on environment and in turns their customers. Businesses are successively venturing to earn greater revenues. In this process, they are trying out every best possibility to entice their contributors- from customers to investors. Regardless to say, stakeholders these days are more socially responsible than ever. So to keep up to their expectations, businesses are also trying to expand or limit their activities to save the environment- from doing relentless research on lowering waste to lean management and even trying out various eco-friendly activities. Despite of all these, the ultimate question remains unanswered if it is financially beneficial to adapt those initiatives that is going to serve the

The majority of people in today’s global society have a false sense of security in believing that the effects of climate change will not take place until the very distant future, and are to dire to bear engaging. Environmental protection is currently one of the largest social issues facing different groups within society including; governments, special interest groups, everyday citizens and global organisations. The actions of organisations with regards to environmental sustainability are becoming a larger factor in business operations. Today’s more informed society expects businesses to perform out of the traditional economic measure of profit motive and adjust to society’s efforts to achieve modern sustainability goals. BHP Billiton (BHP) is the largest and leading global resources company, being the world’s largest producers of major commodities including; coal, copper, iron ore, nickel and uranium. BHP’s annual revenue for 2014 can be rounded off to $607,206million US Dollars and currently hires 128,800 employees and contractors over 141 locations. These figures not only represent how large BHP is, but they highlight the importance of BHP’s contribution to help achieve

Therefore, it is unethical for businesses to refuse this opportunity. An article titled “Large And Dirty' Companies Adopting Greener Strategies To Earn More Green”, published by ScienceDaily, offers a look at a development in corporate policies. In the article, a professor at the Johns Hopkins Carey Business School in Baltimore named Phillip H. Phan presents a new trend in business strategies. When referring to formerly wasteful companies, Phan states, “Now they view concern for the environment as an opportunity to embed innovations that save production costs in the long term and that also improve their standing as good corporate citizens in the public mind” (qtd. in “Large And Dirty'” 1). Phan is insisting that many companies are now adopting environmentally friendly policies. Most see these strategies as an advantage in the end. In turn, the economy continues to grow while corporations maintain conservation. The question remains, why implement environmental regulations? As the evidence has shown, more businesses have begun to use environmentally friendly policies. While this is a positive change, other companies have yet to embrace these strategies. For this reason, the point is not to drive a stake between conservation and business but to find mutual benefits. Above all, governments must set better standards based on the

“Businesses are an integral part of the communities in which they operate. Good executives know that their long-term success is based on continued good relations with a wide range of individuals, groups and institutions. Smart firms know that business can’t succeed in societies that are failing—whether this is due to social or environmental challenges, or governance problems. Moreover, the general public has high expectations of the private sector in terms of responsible behavior. Consumers expect goods and services to reflect socially and environmentally responsible business behavior at competitive prices. Shareholders also are searching for enhanced financial performance that integrates social and environmental

The main purposes of this talk are to share a powerful vision for sustainable commerce and business logics of sustainability.

In today’s business world, sustainability can make all the difference in the world. According to Tomson (2015), “sustainability has become an economic and strategic imperative with the potential to create opportunities and risks for businesses by creating new customer relationships, and inspiring new products and business models that drive growth. Consequently, companies that are, or aspire to be, leaders in sustainability are often challenged by rising public expectations, increasing technological innovation, continuous quality improvement, effective governance measures, high standards of ethics and integrity, and heightened social and environmental challenges” (p.1).

The conduct or the operation of any business anywhere in the world brings with it a number of environmental concerns. These range from the emission of harmful gases, such as carbon (VI) oxide, into the environment and contributions to the depletion of the ozone layer, thus furthering global warming. It is however impossible to exist in this modern world without industries and business, as many would be unemployed and further lack various necessities due to a lack of industries and businesses (Forbes, 2011). Therefore, sustainability should be considered with regard for the environment in that actions should not adversely affect the environment to the extent that future generations will find it unlivable . Many of the leading organizations

Chapter one of Esty and Winston’s research novel, “Green to Gold”, introduced the text’s central theme of the analysis of several businesses and their levels of sustainability, which is defined as the avoidance of the depletion of natural resources. In the past, companies were viewed as simple money-making enterprises; their only purpose was to provide goods and services to the masses. They were held to virtually no responsibilities to the public outside of that goal. In recent year, however, the viewpoint on a company’s duty to both local and global community has immensely shifted. Enterprises, big and small, are now held to higher standards: they can no longer just produce. Government and consumers alike are demanding more from

The Ecology of Commerce, written by Environmentalist Paul Hawken, is an insightful, although daunting, look into economic and corporate sustainability. “ The first rule of sustainability is to align with natural forces, or at least not try to defy them”. This quote, spoken by Paul Hawken himself, is a perfect demonstration of the major theme he carefully analyzes within the book. Economics and the environment are two words that you often don’t see in the same sentence, despite the fact that the influence economics has contributes to the deterioration of our environment gravely.

In a culture based on consumption and consumerism businesses are the forefront of society providing every good and service imaginable. Although, in today’s society there has been an increase in significant issues concerning the ecology of our planet that have come along with this consumer culture. With issues such a lack of clean water, lack of food, lack of energy and a rapid decline in biodiversity. This rapid decline in natural resources is due to mostly to the over consumption and alteration of the planet and its resources. Where do we start though in the process to protect and preserve our resources? It starts with the very businesses that we all buy from; a major part of our everyday lives and the largest consumers of resources businesses can play a large role in sustainability and climate action. Increasing pressure is being put on businesses to create a more sustainable society, this is being done through many business sustainable business efforts.

The most crucial part of doing business in today’s world is to understand how to make a positive contributions to the quality of life while earning a profit. This can be achieved by considering the new values and concepts of thinking while running a business organisation. (Halal, 1968; Handy 1989; Maslow 1962; Schumacher, 1973.1977; Senge 1990; Senge et al. 2008). According to these authors, the organisations should have a clearer goal in considering the contribution to the quality of life in a larger community and innovate more structures, processes and outputs designed to attain the social, ecological and economic needs of the consumers, employees etc. Edward (2005) has named this development as the ‘sustainable organisation management’. The transition from the Industrial Revolution to the Sustainable Revolution is presently more on ideas and thoughts but less on the solutions.

Green growth can be seen as a way to pursue economic growth and development, while avoiding environmental degradation, biodiversity loss and unsustainable use of natural resources. Making business sustainable is not just a moral choice. It’s a practical one. Being eco-friendly and socially thoughtful is an overhaul of what is known about business: it requires business owners to reconsider everything from suppliers to which products to stock on the shelves. Companies in every industry are re-evaluating their operations in order to become more ecologically conscious while remaining competitive. The results suggest that green foreign direct investment in HMIL will increase over the future period 2020, and that, as a result today’s vision will be tomorrow’s reality for Hyundai Motor India Ltd. and it is upto the government to encourage its growth.

Growth can be a rocky journey in any business. Whether you are a Fintech or a Fund Management company going from £50 M to £150 M, or an acquisition resulting in a bigger business, or an Initial Public Offering (IPO), or a Public Private Partnership, or even a division in a large corporate. In the article below we cover the sixteen hurdles encountered on the journey. These need to be circumvented to prosper and thrive to avoid a stunted growth. Before we continue with the insights, we need to recognize first that a sustainable business has the following features.