“Earth gives enough to fulfill each man’s need, but not for greed.” Sustainable business basically focuses on development of a business with minimal and judicious use of resources without negatively affecting the environment. Various steps can be taken to promote sustainability, like- Reduce, reuse and recycle, saving electricity and water.Exhaustion of natural resources would create a huge problem in future so judicious use is a must. Various companies, like- Tesla, Accenture and many more have already adopted sustainable development and hence are blooming. Sustainable business model is required for development of a successful business. Major key factors need to be considered (people, profit and planet). Strategies for sustainable business development and setting up a sustainable business involve different steps of planning including financial, strategic, contingency, succession planning. Opportunities and growth for sustainable business in future is at bloom.
This deck describes sustainability in residential and commercial settings. Topics include operations, structures, behaviors, products & services and community outreach related to being sustainable. Being green has never been easier to understand.
Importance of sustainable development in businesses.pdfTerrasustain
Business sustainability is the practice of conducting business without adversely affecting the environment.
A green business provides high-quality interest to the local and globalized world, which means it helps the community and economy that depends on a healthy earth.
This deck describes sustainability in residential and commercial settings. Topics include operations, structures, behaviors, products & services and community outreach related to being sustainable. Being green has never been easier to understand.
Importance of sustainable development in businesses.pdfTerrasustain
Business sustainability is the practice of conducting business without adversely affecting the environment.
A green business provides high-quality interest to the local and globalized world, which means it helps the community and economy that depends on a healthy earth.
How Innovation and Technology Will Fuel the Transition to Sustainable Enterpr...EricCuka
This report has been created to provide insight as to why businesses should adopt sustainability practices into their core business strategies. Innovation and technology have not only created increased pressure and transparency, they have also created enormous opportunity for businesses in today's high-demand economy. There are incredible examples covered in the included research which demonstrate how organizations have utilized eco-efficiencies to increase margins while simultaneously benefiting both core and fringe stakeholders. The key concept of this paper is to encourage companies to embrace sustainability into their corporate culture in order to fuel innovation and create competitive advantages. Technology can be leveraged in a wide array of possibilities to maximize operational efficiencies, increase margins, and impact society at the same time. The research conducted to support the main argument of this report includes readings from Saint Cloud State University's MBA 605 - Strategies for Sustainable Development class, as well as multiple external readings from credible internet sources.
Anyone who is employed in a technology field will find this report especially interesting; however, the content is relevant to multiple areas of business and business strategy. Whether you are passionate about sustainability or not, the research in this paper will apply to you if you are interested in maximizing operational efficiencies through innovation and technology. The key eco-efficiencies covered include: reduced material and waste expenses, reduced energy expenses, and reduced water expenses. As companies embrace technology, combined with a sustainable strategy, additional innovations will be constructed as these companies strive towards becoming sustainable. The bottom line is that technology and innovation will fuel the transition to sustainable enterprises. Is your company going to be left behind?
This study sought to ascertain the green business best practices for enterprise sustainability in SouthSouth
Nigeria.. The population for the study was 23,985 managers of registered enterprises in the six states of
South-South Nigeria. Multistage sampling technique was adopted in this study.
How sustainable is your business? Businesses can not have a positive and sustainable impact if don't measure and control the impact of their supply chains. Learn how to make the supply chain more sustainable.
Find more at urbantz.com
Ten Key Elements to Sustainable Business Practices in SMEs. This tool combines together case studies and lessons learned from small businesses across Canada, the US and the UK.
GREEN MANAGEMENT: OPPORTUNITIES AND CHALLENGES IN INTERNATIONAL BUSINESS FOR ...Muhammad Nazri Abdul Halim
There is an increasing awareness of environmental and safe-products for international businesses. Environmental, sustainability and green management provides opportunities to Malaysian SMEs to explore the international market and find new customer segment. Eco-centric and techno-centric paradigms allow for the discussion of green management and highlight business management theory for environmental segments.
5 Benefits of ESG for Companies: What Is ESG and Why Is It Important?WNS Vuram
Discover the importance of ESG and the 5 benefits it can bring to your organization. Improve sustainability, attract investors, and enhance brand reputation. Learn more now. https://www.vuram.com/blog/benefits-of-esg-for-companies/
The newsletter for the month of August 2018 main focus is Sustainability with the thought "We co-create a culture, when we practice sustainability in our day to day life"
ISBN publication 5 A study on Green Marketing Strategies – A tool to achieve...Dr UMA K
DR UMA K “A study on Green Marketing Strategies – A tool to achieve sustainability”, in the Journal of “Emerging Perspectives on HR, Marketing & Finance”, in 1 day national seminar, Organized by Maharani’s women’s commerce and Management College, Paduvarahalli, Mysore. Published in ISBN: 978-93-5351-746-5, held on 16th March 2019, pp.159-164.
Aligning ESG with Corporate Strategy to Gain a Competitive Advantage - SG Ana...SG Analytics
From the sudden surge in the popularity of green finance to the pervasive impact of ESG factors on consumers and their purchasing decisions
Visit: https://us.sganalytics.com/blog/aligning-esg-with-corporate-strategy-to-gain-a-competitive-advantage/
World AIDS Day 2022: Support People Affected By HIVTHINK WITH NICHE
HIV remains a major public health issue affecting millions of people worldwide. Progress toward HIV goals has stalled over the past few years, resources have dwindled, and millions of lives are at risk as a result. Division, inequality, and disregard for human rights are among the failures that allowed HIV to become and remain a global health crisis. We also want to let you know on World AIDS Day 2022 that we celebrate both World AIDS Vaccine Day and HIV Vaccine Awareness Day on May 18. The significance of the AIDS vaccine on May 18 is so negligible today.
It would not be wrong to say that everyone loves traveling. Whether it's just going to a new city or to a new country, people are always excited about it. Most people prefer a travel agency before they plan a trip. So, this is a great opportunity to start a traveling business.
How Innovation and Technology Will Fuel the Transition to Sustainable Enterpr...EricCuka
This report has been created to provide insight as to why businesses should adopt sustainability practices into their core business strategies. Innovation and technology have not only created increased pressure and transparency, they have also created enormous opportunity for businesses in today's high-demand economy. There are incredible examples covered in the included research which demonstrate how organizations have utilized eco-efficiencies to increase margins while simultaneously benefiting both core and fringe stakeholders. The key concept of this paper is to encourage companies to embrace sustainability into their corporate culture in order to fuel innovation and create competitive advantages. Technology can be leveraged in a wide array of possibilities to maximize operational efficiencies, increase margins, and impact society at the same time. The research conducted to support the main argument of this report includes readings from Saint Cloud State University's MBA 605 - Strategies for Sustainable Development class, as well as multiple external readings from credible internet sources.
Anyone who is employed in a technology field will find this report especially interesting; however, the content is relevant to multiple areas of business and business strategy. Whether you are passionate about sustainability or not, the research in this paper will apply to you if you are interested in maximizing operational efficiencies through innovation and technology. The key eco-efficiencies covered include: reduced material and waste expenses, reduced energy expenses, and reduced water expenses. As companies embrace technology, combined with a sustainable strategy, additional innovations will be constructed as these companies strive towards becoming sustainable. The bottom line is that technology and innovation will fuel the transition to sustainable enterprises. Is your company going to be left behind?
This study sought to ascertain the green business best practices for enterprise sustainability in SouthSouth
Nigeria.. The population for the study was 23,985 managers of registered enterprises in the six states of
South-South Nigeria. Multistage sampling technique was adopted in this study.
How sustainable is your business? Businesses can not have a positive and sustainable impact if don't measure and control the impact of their supply chains. Learn how to make the supply chain more sustainable.
Find more at urbantz.com
Ten Key Elements to Sustainable Business Practices in SMEs. This tool combines together case studies and lessons learned from small businesses across Canada, the US and the UK.
GREEN MANAGEMENT: OPPORTUNITIES AND CHALLENGES IN INTERNATIONAL BUSINESS FOR ...Muhammad Nazri Abdul Halim
There is an increasing awareness of environmental and safe-products for international businesses. Environmental, sustainability and green management provides opportunities to Malaysian SMEs to explore the international market and find new customer segment. Eco-centric and techno-centric paradigms allow for the discussion of green management and highlight business management theory for environmental segments.
5 Benefits of ESG for Companies: What Is ESG and Why Is It Important?WNS Vuram
Discover the importance of ESG and the 5 benefits it can bring to your organization. Improve sustainability, attract investors, and enhance brand reputation. Learn more now. https://www.vuram.com/blog/benefits-of-esg-for-companies/
The newsletter for the month of August 2018 main focus is Sustainability with the thought "We co-create a culture, when we practice sustainability in our day to day life"
ISBN publication 5 A study on Green Marketing Strategies – A tool to achieve...Dr UMA K
DR UMA K “A study on Green Marketing Strategies – A tool to achieve sustainability”, in the Journal of “Emerging Perspectives on HR, Marketing & Finance”, in 1 day national seminar, Organized by Maharani’s women’s commerce and Management College, Paduvarahalli, Mysore. Published in ISBN: 978-93-5351-746-5, held on 16th March 2019, pp.159-164.
Aligning ESG with Corporate Strategy to Gain a Competitive Advantage - SG Ana...SG Analytics
From the sudden surge in the popularity of green finance to the pervasive impact of ESG factors on consumers and their purchasing decisions
Visit: https://us.sganalytics.com/blog/aligning-esg-with-corporate-strategy-to-gain-a-competitive-advantage/
World AIDS Day 2022: Support People Affected By HIVTHINK WITH NICHE
HIV remains a major public health issue affecting millions of people worldwide. Progress toward HIV goals has stalled over the past few years, resources have dwindled, and millions of lives are at risk as a result. Division, inequality, and disregard for human rights are among the failures that allowed HIV to become and remain a global health crisis. We also want to let you know on World AIDS Day 2022 that we celebrate both World AIDS Vaccine Day and HIV Vaccine Awareness Day on May 18. The significance of the AIDS vaccine on May 18 is so negligible today.
It would not be wrong to say that everyone loves traveling. Whether it's just going to a new city or to a new country, people are always excited about it. Most people prefer a travel agency before they plan a trip. So, this is a great opportunity to start a traveling business.
Can you name only ten of the most popular women in the world, despite the fact that women are reaching everywhere, doing well in practically every sector, and giving males a tougher time? We understand that most of you will find it challenging. So, here is the list of the 50 most popular women.
World Toilet Day 2022: Ensure Clean Water And Sanitation For EveryoneTHINK WITH NICHE
The World Toilet Organization established World Toilet Day in 2001 to recognize the importance of toilets for public health, dignity, and safety. Since then, November 19 is a day that inspires action toward Sustainable Development Goal 6, which aims to ensure water and sanitation are available for everyone.
Right is the saying "Health Is Wealth." To achieve health to the highest extent possible, it is imperative that the advantages of medical, psychological, and associated information be made available to all individuals. Maintaining one's physical condition and taking precautions to lower the risk of contracting various diseases constitutes being healthy.
An important component of dynamism is introduced into an economic system through entrepreneurship. A number of changes have been brought about by the processes of globalization and liberalization, such as the system's introduction of dynamism.
India's "White Revolution," which was sparked by Amul, making the country the top producer of milk and dairy products in the world. Tribhuvandas Patel established Amul under the guidance of Sardar Vallabhbhai Patel, India's first deputy prime minister.
The Fashion Industry is a multi-billion-dollar global sector focused on the production and retail of clothing. Some analysts make a distinction between the garment industry, which creates "Mass Fashion," and the fashion industry, which creates "High Fashion." Fashion is the type of clothing and accessories that an individual or group of individuals choose to wear at any particular period. The high-end designer clothes displayed on Parisian or New York City catwalks may not look the same as the mass-produced sportswear and streetwear found in global markets and malls. The design, production, distribution, marketing, retailing, advertising, and promotion of all kinds of clothing (for men, women, and children) are included in the fashion industry, from the most exclusive and pricey haute couture.
It is challenging to start an airline company, but it is far more difficult to sustain it over time. One of the biggest passenger airlines was Kingfisher, also known as the King of Good Time. A company named United Breweries Group, based in Bengaluru founded in 2003. They quickly rose to become the fifth-largest passenger airline in India, offering both domestic and international flights to passengers at flexible prices.
Scope And Importance Of Retail Industry In India.pptxTHINK WITH NICHE
Consumers benefit from retailing because merchants engage in marketing activities that allow them to explore a diverse selection of products and services. Retailing also plays a role in the formation of a sense of place, time, and ownership. The service given by a merchant also helps to improve the image of a product. Retailing has a large economic impact. It necessitates a large annual revenue and personnel. Hence. retail business in India holds profound importance.
Can Blockchain Help Fix Supply Chain Problems In 2022?THINK WITH NICHE
The potential of Blockchain in the supply chain was first discussed several years ago. We were immediately thrown into a cycle full of hope and excitement about what they could do, followed by a period of "trough of despair" where nothing happened as quickly as we wanted. However, this doesn't mean that consortia, startups, and enterprises haven't been working quietly to improve the technology and pushing for its application in ways we might not have anticipated. Blockchain can be used in many supply chain and authenticated provence cases.
Let's just look at global shipping. Around 60,000 cargo vessels transport 90% of goods by sea. 24,000 containers are carried by each cargo vessel. It is easy to see why so many containers are lost at sea each year. What is lost? Everything, from the breakfast bananas and coffee you drank to the microchip inside the device you're reading this on. Blockchain can be used to track your cargo just like Amazon.
You'll notice a serious problem in the global supply chain if you recently went shopping and found an empty shelf that normally stocks your favorite cereals or ice cream.
World Habitat Day 2022: Every Person Should Have A Safe HouseTHINK WITH NICHE
Every year on the first Monday in October, World Habitat Day is observed. The United Nations has officially recognized the day. The day is celebrated to recognize the situation of our cities and towns as well as everyone's fundamental right to adequate shelter. The purpose of the day is to raise awareness of the public's ability and duty to influence the future of our cities. Whether it is scorching heat or severe cold or heavy rain, our home saves us from all these. No matter where we go to any corner of the world, in the end, we remember our home, but have you ever thought that who saves those who do not have a home from the scorching heat, severe cold, and heavy rain?
It is the dream of every person to have a house, even if it is small but they have their own house. World Habitat Day is celebrated with the aim of spreading awareness about our basic rights like bread, cloth, and house.
World Tourism Day 2022: Explore and Enjoy World's Beauty.THINK WITH NICHE
Few things can match the joy of traveling around the globe. It is important to recognize, appreciate and celebrate it. Word Tourism Day is all about that. World Tourism Day, which is observed every September 27, is an important event that raises awareness about the importance of tourism all over the globe.
World Tourism Day 2022 is being celebrated at a time when tourism is being recognized as a key pillar of development. Additionally, the global community is experiencing a period of rapid expansion. In May 2022, the UN General Assembly had a special discussion on tourism for the first time. Here, they showed the historical significance of the sector. In every part of the world, governments and international organizations are now concentrating on tourism.
Tourism not only contributes to the country's growth and development but also encourages cultural exchange between tourists and locals. It creates thousands of jobs across different industries and encourages infrastructure development.
Starting An International Business ? Think About These 5 CountriesTHINK WITH NICHE
Any business that operates across international borders is referred to as an International Business. It consists primarily of international trade in commodities and services. Are you thinking of starting your own business? It is important to consider where you are located. Which country are you located in? Is it easy or hard to set up a business in this particular area? All countries have different requirements when it comes to encouraging entrepreneurial efforts.
We used 2020 data from World Bank to compile a definitive list of countries that are the easiest to start a new business. All aspects of starting a business, from how long it takes to do so to how much startup costs per capita were considered. Although it is not always easy to start a new business, some countries make it much easier. This article will definitely help you to create your international business strategy. Continue scrolling to discover which countries are the easiest.
Some small- to medium-sized businesses SMBs consider Cybersecurity a problem to be addressed once they have a larger budget. These businesses are the most likely to be affected by cybercrime. 43 percent of cyberattacks are directed at small businesses. While criminals are aware that larger corporations have stronger security systems than smaller businesses, they often leave them vulnerable. It's time for SMBs to make cybersecurity a priority.
Businesses are becoming more exposed to cyber thieves as they store more of their own data online as well as the data of their customers. Dealing with cybercriminals drives up Cybersecurity Costs, which may eventually be passed on to customers at increased prices. Companies must find ways to reduce their cyber-related risk exposure as they expand their commitment to remote workers. Companies must address the unique challenges presented by rapid transitions to digital business environments.
Even if you have limited resources, there are still things you can do to Protect Your Company From Cybercrime.
International Peace Day 2022 : Eliminate War And Violence From World.THINK WITH NICHE
An International Peace Day is an opportunity to announce peace in the world and within our country. Only individual efforts can bring about peace. Peace can only be achieved through collective efforts. Peace is what we all want. Peace is the key ingredient to a happy and fulfilled life. Individual and collective peace are two sides of the same coin. Peace should be the goal of all humankind. International peace day aims to persuade people to respect the dignity and value of peace. International peace day allows people to discover the wisdom contained in the idea of peace.
Citizens are encouraged to work together and use their creativity to ensure the security and peace of their communities. Peace is essential, and it is a part of our existence. This day helps us to appreciate the importance of better society and resilience. This day teaches us how we can make the world a better place by working together. Peace is the common goal of all people. Peace defines human existence. The concept of peace can be influenced directly or indirectly by equality, freedom, justice, uprightness, and sustainability.
The Future of Brand Marketing: Virtual InfluencersTHINK WITH NICHE
Over the past few years, the creator economy has seen a dramatic increase in popularity. More than 50 million people consider themselves to be content creators. Many people have made a career out of a hobby they started in their bedroom. Influencer marketing is a powerful tool in today's digital age. Its projected value is $16.4 billion by 2022. 68% of marketers plan to increase their influencer marketing budget over the next 12 months, with 33% spending at most $50K. With the advancement of technology, a new breed has emerged. There are no real influencers. These fictional characters (Virtual Influencers) are used by some of the most prominent names in fashion and tech, including Nike, Balmain, and Samsung. They will be featured in Vogue, photographed with Bella Hadid, and attend fashion shows with Prada. Luxury fashion brands were the first to embrace virtual influencers as a trend. Balmain's fashion army in 2018 included virtual models Margot, Shudu, and Zhi. Fenty Beauty collaborated with Shudu Gram, who now has 231k followers on Instagram.
Contributions Of The World's Richest People To Fight Climate Change.pptxTHINK WITH NICHE
The world has evolved and is continuing to evolve. We are surrounded by technology and have access to items that make our lives easier. However, as humans evolved, we began to disregard nature. This has resulted in major climate change. This rare planet must now be saved. There is no planet B.
Many of the world's wealthiest people are contributing by donating money and investing in causes that address climate change. Here are ten billionaires who have made significant contributions to addressing this issue. Fortunately, these wealthy individuals are aware of the impact their actions are having on the world. So they're all doing their part to save the planet. Despite the gravity of the threat posed by climate change, many top billionaires are resisting or, at best, acting silently. This article will discuss some billionaires and what they are doing to combat climate change.
टीम वर्क से किसी भी उद्योग को काफी फायदा हो सकता है। टीमें अधिक तेज़ी से और प्रभावी ढंग से काम कर सकती हैं, और सहयोग रचनात्मकता और नवाचार को प्रोत्साहित करता है। सहयोग उपकरण, डिफ़ॉल्ट रूप से, दो या दो से अधिक लोगों के समूह को सहयोग करने और एक सामान्य लक्ष्य या उद्देश्य की ओर बढ़ने में सक्षम बनाते हैं। यद्यपि बहुत सारे गैर-तकनीकी (Non-Technical) विकल्प हैं, जैसे कि पोस्ट-इट नोट्स, पेपर, व्हाइटबोर्ड और फ्लिप चार्ट (Post-it Notes, Paper, Whiteboard and Flip Charts) उपलब्ध हैं, इस लेख में हम एक लोकप्रिय तकनीकी एप्लिकेशन-ट्रेलो (What Is Trello App) पर चर्चा करेंगे। और विस्तार से बताएंगे ट्रेलो का उपयोग कैसे करें।
National Engineers' Day Honoring The Nation's Builders.pptxTHINK WITH NICHE
Every year on September 15th, the country observes National Engineer's Day. This Day is celebrated in the honor of Sir Mokshagundam Visvesvaraya, a famous engineer of our country. On this occasion, the country recognizes and honors Mokshagundam Visvesvaraya's great achievements. It is also celebrated to encourage and recognise all engineers in the country for their innovative contributions. National Engineer's Day is observed on the same day in Tanzania and South Africa.
Sir Mokshagundam Visvesvaraya was born in Karnataka and attended the University of Mysore for his postgraduate studies in arts. He then studied engineering at Pune's College of Science. Mokshagundam Visvesvaraya, also known as the "Father of Modern Mysore," undertook several complex projects and rose to become one of India's most distinguished engineers.
Want to move your career forward? Looking to build your leadership skills while helping others learn, grow, and improve their skills? Seeking someone who can guide you in achieving these goals?
You can accomplish this through a mentoring partnership. Learn more about the PMISSC Mentoring Program, where you’ll discover the incredible benefits of becoming a mentor or mentee. This program is designed to foster professional growth, enhance skills, and build a strong network within the project management community. Whether you're looking to share your expertise or seeking guidance to advance your career, the PMI Mentoring Program offers valuable opportunities for personal and professional development.
Watch this to learn:
* Overview of the PMISSC Mentoring Program: Mission, vision, and objectives.
* Benefits for Volunteer Mentors: Professional development, networking, personal satisfaction, and recognition.
* Advantages for Mentees: Career advancement, skill development, networking, and confidence building.
* Program Structure and Expectations: Mentor-mentee matching process, program phases, and time commitment.
* Success Stories and Testimonials: Inspiring examples from past participants.
* How to Get Involved: Steps to participate and resources available for support throughout the program.
Learn how you can make a difference in the project management community and take the next step in your professional journey.
About Hector Del Castillo
Hector is VP of Professional Development at the PMI Silver Spring Chapter, and CEO of Bold PM. He's a mid-market growth product executive and changemaker. He works with mid-market product-driven software executives to solve their biggest growth problems. He scales product growth, optimizes ops and builds loyal customers. He has reduced customer churn 33%, and boosted sales 47% for clients. He makes a significant impact by building and launching world-changing AI-powered products. If you're looking for an engaging and inspiring speaker to spark creativity and innovation within your organization, set up an appointment to discuss your specific needs and identify a suitable topic to inspire your audience at your next corporate conference, symposium, executive summit, or planning retreat.
About PMI Silver Spring Chapter
We are a branch of the Project Management Institute. We offer a platform for project management professionals in Silver Spring, MD, and the DC/Baltimore metro area. Monthly meetings facilitate networking, knowledge sharing, and professional development. For event details, visit pmissc.org.
2. Post Highlight
“Earth gives enough to fulfill each man’s need, but not for greed.” Sustainable business basically
focuses on development of a business with minimal and judicious use of resources without
negatively affecting the environment. Various steps can be taken to promote sustainability, like-
Reduce, reuse and recycle, saving electricity and water.Exhaustion of natural resources would
create a huge problem in future so judicious use is a must. Various companies, like- Tesla,
Accenture and many more have already adopted sustainable development and hence are
blooming. Sustainable business model is required for development of a successful business.
Major key factors need to be considered (people, profit and planet). Strategies for sustainable
business development and setting up a sustainable business involve different steps of planning
including financial, strategic, contingency, succession planning. Opportunities and growth for
sustainable business in future is at bloom.
3. Continue Reading..
In the current era of highly advanced machines and technologies
leading to higher efficiency in current operations, operating a business
by saving resources and avoiding negative impacts on the environment
is known as ‘Sustainable Business.’
Many advanced technologies have evolved like- Artificial intelligence,
data analytics, machine learning, quantum computing, etc. But these
advanced technologies around the world are seeking ways to cut costs
by increasing efficiency in order to meet sustainability goals.
Sustainable Business Practices:
The “go green” motto has led to sustainable business practices and is
now being globally incorporated by many industries, companies, and
business practices.
Whatever the size of an organisation is, there are certain things we all
can do to conserve resources, like:
Use of Recycling Procedure- The products which can be recycled (paper,
electronic appliances, fluorescent light bulbs, computer appliances)
should be saved and sent for recycling.
Always believe in three R’s - Reduce, Reuse and Recycle. Reduce the use
of products that are harmful to the environment, minimize exploitation
of resources by reusing the products.
Using products which save energy- Electronic devices which are
environment friendly and give high efficiency should be used.
4. Make Sustainability a goal for your organization on priority. Plan,
coordinate, and implement various aspects by which sustainable business
could be established. Hold people accountable and analyse results.
Training the employees for sustainability and discussing ideas.
Conservation of water and electricity, go plastic free.
Examples Of Sustainable Business-
More than 90% of CEOs believe that sustainability is essential to success.
Companies like- Tesla are producing electronic vehicles to conserve
natural resources, many countries have promoted e-vehicles to conserve
petroleum, diesel. These efforts are setting an example for other
countries.
Patagonia, an activist company from the US, gives 1% of its earnings to
environmental organizations.
Accenture has reduced each employee's carbon emissions by 52%.
Apple mostly uses Aluminium instead of any other material in order to
lower emissions.
Many brands like- Beyond Meat, Amazon, TOMS, etc. are eco-friendly and
promote sustainable development.
Sustainable Business Model-
A business model which considers sustainability as its priority by
considering all parameters like- environmental effects, stakeholders and
thoroughly reports it is known as a ‘sustainable business model’. This
model allocates resources and coordinates activities in a way which
overcomes discrepancies be it public or private.
5. There are 3 major key points in this model- Economic, social, and environmental which refer to
profit, people and planet respectively.
Sustainable business model works because it is commercially profitable, utilizes resources for
the long term without exhausting them, and it has the scope of success in the future if a
sustainable model is highly efficient it would provide the same amount of output as it takes
from the input. A business model can be made sustainable by- setting up revenue channels,
hiring people who have the same values as yours and are the best fit to represent your
organisation, never compromising on your values, monitoring cash flow, and working for long-
term goals. Sustainable business models are needed because it helps in approaching the
purpose of sustainability with ease as it unites stakeholders which leads to better
development causing customer attraction.
Also Read: Four Positive Climate Change Developments
Strategies For Sustainable Business Development-
A strategy can originate from the indulgence of the entire ecosystem, input of resources, output
provided by resources utilised, people involved, the reason for the establishment of
organization, contribution of the organization to the environment, issues being resolved.
Certain approaches need to be prioritised and communicated internally as well as externally by
keeping transparency.
Sustainable strategy recognizes ‘flow in’ and ‘flow out’, not only in terms of currency but also in
terms of palpable and nonpalpable resources that are required to create a product or service.
6. How To Plan For Sustainable Business Development?
Business Planning-To start a sustainable business, knowledge about sustainability (people, profit
and planets) is a must, as assessing areas of improvement, checking for opportunities (innovate,
discuss and analyse), setting up a vision focused on growth of organisation along with
sustainability, check for changes and implementation.
Financial planning- It includes planning finances to set up business, financial ratio analysis,
action plans, goals and objectives, outcomes, and quality improvement strategies.
Strategic planning- A well-planned strategy for the execution of planned business. Mainly
focuses on investment and performance by prioritizing a set of actions involving stakeholders.
Contingency planning- A protocol designed for innovation and business growth by performing in
depth research allowing an organization to respond effectively to any event.
Succession planning- Focuses on the progress of business considering replacements at higher
levels, it is done basically to identify and develop new potential opportunities.
Businesses For The Future-
Sustainability can help organizations stay significant in the future if they adopt good ESG
(Economic, social, governance) practices as this would make them more efficient and
competitive with a culture that would help them establish trust.
7. Different types of sustainable businesses, like Sustainable and interactive farms, eco-friendly
textiles or raw materials, eco-tourism, eco-friendly DIY technology( for electricity
conservation, clean and green air), partnering with non-profit organizations, biofuel
production, eco-friendly toys, bicycle tour planning, and more such businesses can be done
promoting environment-friendly development.
Conclusion-
The combination of environment and development is complex but rewarding. Sustainable
development states stability with respect to the requirements of the environment, this allows
future generations to use resources in a judicious manner.
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