Redesigning management education for the next decadePresentation Transcript
Redesigning Management Education for the Next Decade Is Sustainability Management the future of MBA? Presented by: S.Bharani Ramakrishnan S.Vivek kumar BSMED, Bharathiar University, Coimbatore, Tamilnadu
Leading organizations world-wide are turning to sustainability management
To examine the implications of their business decisions upon the environment
To reduce costs associated with energy consumption
To improve processes especially in the areas of compliance, risk management and customer recruitment.
Different dimensions of sustainability:
Features and Benefits of Sustainability management
Reduce costs in every area of the enterprise, especially around energy and waste reduction and data centres
Identify, assess, and respond to social, economic, and environmental risks
Gain performance insight to build best practices
Drive transparency and accountability at all levels
Align resources to increase collaboration and drive sustainable growth
Report to stakeholders around sustainable business practices
Track and measure key sustainability metrics using industry recommended methodologies and Performance Management frameworks
Sustainability ManagementIndia’s perspective
India’s rapid economic growth in last several years has made us aware of two stark realities:
It has lifted millions out of poverty;
This economic growth has been accompanied by accelerated depletion of natural resources and rapid deterioration in environment quality.
This has necessitated a new business paradigm which enables rapid economic growth without compromising the capacity of the ecosystem to sustain, nurture and fuel economic development and human well-being.
This calls for a sustainability approach of doing business, wherein business success is measured not only in terms of its financial bottom line, but also in terms of its performance in social and environmental areas.
Why Corporate Sustainability Management is Vital for Businesses?
Corporate sustainability management allows for better business risks
It allows a company to provide products and services which fulfil the needs of the customers and are environmentally and socially responsible
It allows a company to plan for manufacturing costs in a way that minimizes risks and losses
Business Advantages of Corporate Sustainability Management:
Cost and Risk Reduction
Reputation and Legitimacy
Innovation and Repositioning
Business Case for Corporate Sustainability Management
Nurture internal capabilities - Strategic commitment and culture necessary to turn the environmental, social and economic risks into competitive advantage
Engage external constituencies - Systematic knowledge of political, social, economic, technological and ecological drivers for securing reputation and legitimacy
Accelerate innovation and repositioning - Product stewardship into the entire value chain, and skills and competencies for the future
Crystallize the company's growth path and trajectory - A sustainability vision which is a shared road map for meeting the unmet needs of the emerging and new markets
Cutting edge software solution with sustainability management
The sustainability management service providers online are ready to work in partnership with various commercial as well as public sectors to provide an optimised solution for their clients
They combine the latest technology with the existing management resources to deliver effective solutions
They offer higher level of assistance to bring about effective changes for proper management of the resources
Demand for Leaders in Sustainability on the Rise
The curriculum should prepare the managers, executives and entrepreneurs to lead their companies to a more successful and sustainable way of doing business – one that enhances all forms of capital, including natural, human and financial
The managers and executives should learn to both understand and apply sustainable solutions that transform traditional business strategies.