...“Sustainable Development—World economies need to wake up” World reached the mark of seven billion people. It forgets its weight over its head. Earth with menial resources, sustaining the life of human being. Man on the other hand forgetting these menial resources over using it leaving future generations in risk. The consciousness of conserving the environment had its root from Earth summit, Rio de janerio Brazil (3 June to 14 June 1992).This session opened great debate in all the participated nations. Within Very short span in every country a buzz word entered in the society. The word is sustainable ideologies/development ideas. Sustainable development in simple terms can be called a development strategy where present generation needs are fulfilled by not compromising for future generations. Sustainable development ties together concern for the carrying capacity of natural systems with the social challenges facing humanity. Ecologists have pointed to The Limits to Growth, and presented the alternative of a "steady state economy" in order to address environmental concerns. Every International conference talks more about sustainable development but does very less in action. Present Scenario of Climate change. Both Geo thermal Institutes of the world One in (Nalgonda ) India and other in U.S.A have confirmed the global temperature has raised to 1*C. The International Energy Agency (IEA)’s data is regarded as gold standard in emissions and energy. This...
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...*Gartner Q2 2007 Sustainable World In the late twentieth century, rapid development of information technology and products such as the PC, satellite and Internet became a driving force of globalization. The impact of globalization is reflected on weakening world governments in terms of decision-making and influence, and on the increasing power of multinationals. Data from the World Economic Forum (WEF) shows that among the largest 100 global economies, 51 of them are transnational groups and the rest are national states. Although businesses represent the lifeblood of a nation's economy, they place excessive demand on the natural environment in pursuit of growth and stress the earth's ecosystems. As a result, earth-protection groups are calling on transnational groups to take up environmental, moral and social responsibilities. "Sustainable Development" is widely considered the challenge facing corporations in the 21st century. One of the prerequisites to achieving sustainable development is by sincerely carrying out corporate social responsibility (CSR). In the past, a company’s responsibility was about maximizing profits for shareholders and fulfilling CSR through the tax paying mechanism; that was all about social responsibility. Nowadays the definition of CSR has shifted from acting egoistic to altruistic. For example, the World Business Council for Sustainable Development (WBCSD) defines CSR as "a business' commitment to contributing to sustainable economic development...
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...reinforce competitive advantage in the market while protecting the capital base. The balance of power has shifted between corporations and it is important to balance economic prosperity along with environmental and social dimensions. Sustainable business strategy represents a marked shift in traditional business practices and companies who do not adapt to the changes in these practices in order to achieve sustainable profitability will be more likely to face the brand value decline or even extinction in the future. For instance, the change represents the need to understand how all three dimensions affect each other and companies ought to consciously create new consumer preferences. However, a lot of companies still are missing guidelines to implementing a marketing strategy of sustainability as an essential part, which is at the core of ensuring organizational, social, economic and environment growth while managing overconsumption issues (White, 2011). Current researches tend to focus on developing a more sustainable approach on product design, pricing, promotion and distribution when it comes to the sustainable business strategy and companies are widely integrating this approach. On the other hand, the theoretical practices of promoting sustainable consumption in customer-citizens are an emerging potential for further development of sustainability. As a...
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...The Need for a Sustainable Business Model Introduction Ten months may very well be a trend. A couple of years could be an aberration. Ten years however means it is time for a change. Since 2004 the manufacturing industry has seen some ups and downs, however more specifically to the firm, it has been a continuous down. The time is now to reverse that trend, and it starts with a new culture of sustainability. There is money to be made, and there is money to be saved. Under the circumstances of having little financial flexibility for investment and development, prioritizing the saving is paramount. Cutting down costs across the board, whether they are resources, expenses in travel, as well as energy, will serve to be prudent both short and long term alike. Furthermore, positioning the company as a leader in the market of sustainability, as an organization that is forward thinking, changes everything. Systemic and cultural changes will not only alter perception in the market place, but bottom line long-term concrete profitability. Companies worldwide have made this a focus, investing both time and money in strategies that address the competitive landscape shaped by resource scarcity, regulatory uncertainty and economic volatility. (MIT Sloan, 2012) No longer a buzzword, this is moving to the market norm. It is time to embrace it and begin to reap the reward. This is not only a strong strategic business case, it is imperative to compete. Hurdles The arguments...
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...Student Name: Steven Davison Student Number: 250 365 904 A Plan for Sustainable Tourism Development and in Banff National Park 1. As a new Chief Executive Officer of Banff National Park, prepare and submit a comprehensive plan for a sustainable tourism development and management in the park that will help to balance (reconcile) the conflicting goals of economic growth, social well being and environmental protection. Explore how the various actors can collaborate to ensure the development and maintenance of a sense of place, product market match, activity clustering, efficient transportation linkages, partnership and environmental protection in the park. (In your report, identify the key players and their respective roles and responsibilities, modus operandi, management approaches, existing planning policies, by-laws and zoning regulations). Introduction Since 1885 Banff National Park (BNP) has been a refuge for wildlife and people alike. BNP has become on icon of Canadian tourism but also an important showing of Canada’s conservation and preservation efforts. Over 4 millions people have visited Banff each year since 1996 (Banff 2009) keeping BNP a successful tourist destination. However, the success of the tourist sector tends to have negative effects on the product that makes a national park such a BNP so attractive. This paper will attempt to provide an outline to balance the sustainable development of Banff National Park as a tourist destination and as a refuge...
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...1.0 Introduction Companies around the world are focussing on incorporating sustainability policy and practices in their supply chain (Ageron et al, 2011). The topic of sustainability has been of great interest for the last decade and businesses have adopted a certain level of commitment towards sustainability practices (Hassini et al, 2012), yet some business tycoons suffer in developing an effective supply chain model. This report primarily discusses the issues that Wal-Mart is facing in establishing and maintaining a sustainable supply chain. The report outlines the company's origin and its progress in the years, followed by describing the issue it is faces. The issue described is related to Wal-Mart's failure to develop a Green sustainable process and the effects it has on the environment. 2.0 Company Background - Wal-Mart The idea of retail business grew very popular in the United States in the early 1950's, and Sam Walton, founder of Wal-Mart was convinced that people wanted more than just retail showrooms. Hence he opened his own retail store providing large discounts (Reuters, 2013). Over the years he spread his business across the United States and set up his first Wal-Mart store in 1962. In the next five years he opened 24 more stores and in 1969 Wal-Mart established itself as an incorporated company under the official name, Wal-Mart Stores Inc. (Wal-Mart Corporate, 2013). Phenomenal transformation of national retail business into global retail chains were witnessed...
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...New Seamless Mobility Services Public Bicycles 4 Poliicy otes Policy notes ly NICHES is a Coordination Action funded by the European Commission under the Sixth Framework Programme for R&D, Priority 6.2 Sustainable Surface Transport What is it about? Characteristics Public Bicycles: • • are innovative schemes of rental or free bicycles in urban areas; can be used for daily mobility as one-way-use is possible and they can be seen as part of the public transport system; differ from traditional, mostly leisure-oriented bicycle rental services as they provide fast and easy access; have diversified in organisational layout, the business models and the applied technology towards “smart bikes” (rental process via smart card or mobile phone). Example: Vélo’v in Lyon How did the French City of Lyon encourage thousands of people to use the bicycle as urban transport mode within a few months? A big part of this success story is due to the introduction of the Public Bicycle scheme vélo’v. Each of the 2,000 bicycles available • • The transferability of Public Bicycle schemes to cities with appropriate framework conditions for cycling has been proven in many cases (e.g. in France, Germany, Scandinavia and Spain). at racks throughout the city centre is used on average 16 times on a typical summer day. Within the first six months after its introduction, 2 Million trips were made with the Public Bicycles, Key benefits The implementation of a Public Bicycle scheme...
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...Sustainable and productive farming is a complex, interactive process that is dependent on ecological, livestock, social and water resources as well as economic factors. The aim of sustainable agriculture is to meet society’s needs in the present without compromising the ability of upcoming generations to meet their own needs; the stewardship of both human and natural resources is of major standing. Farmers of sustainable agriculture strive to integrate objectives into their work: a healthy environment, economic profitability, animal well-being and social equity. Stakeholders of each farm (all people involved- suppliers/distributors, retailers, consumers etc.) play a huge role in warranting a viable (E.Ilari-Antoine et al 2014) and sustainable...
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...Sustainable entrepreneurship, a field to emerge or not to emerge? Can this contribute to a sustainable future? Introduction Given the current global economic climate and despite its oppressive nature, many scholars have risen and pounced on the consequent opportunities available by taking an interest in the field of sustainable entrepreneurship. Research on sustainable entrepreneurial opportunities is still in its infant topic, which leaves researchers with a lengthy way to explore on this emerging field, but at the same time, it limits the research for this paper. “Sustainable development is a concept that describes the social goal of improving and maintaining human wellbeing over a long-term time horizon within the critical limits of life-sustaining ecosystems”(UN Conference on the Human Environment, 1972). While on the other hand, entrepreneurship is a scholarly field that “seeks to understand how opportunities to bring into existence future goods and services are discovered, created and exploited, by whom and with what consequences. (Venkataraman, 1997). But what if we combine both concepts? Is it possible to combine the profit and social and environmental orientation in one company? (Gawell, 2012) The aim of this paper will be to explore the different definitions form the scholars that have done research this field and also to see how the need of sustainable entrepreneurship has emerged in the last decade as one of the solutions for this unsustainable world. This paper...
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...TASTE SUSTAINABLE DEVELOPMENT THROUGH CSR ____________________________________________________ INTRODUCTION Sustainable development is a vision and a way of thinking and acting so that we can secure the resources and environment for our future generation. It will not be brought through policies only - it must be taken up by society as a principle guiding the many choices each citizen makes every day, as well as the big political and economic decisions that affect many. It is clear that environmental degradation tends to impose the largest costs on those generations that are yet to be born. We can only improve sustainable development when it will put an emphasis on involving citizens and stakeholders. Ultimately, the vision will become reality only if everybody contributes to a world where economic freedom, social justice and environmental protection go hand in hand, making our own and future generations better off than now.1 Sustainability has emerged as a challenge before entire civilization. The challenge before us is to reduce disparity through capacity building and providing poor and dispossessed access to the knowledge and resources needed for meaningful life. National Development through Corporate Social Responsibility (CSR) and Sustainability ensures the well-being of individual by integrating business practices in an economically, socially and environmentally sustainable manner that is transparent and ethical. CSR is...
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...decline” (“Sustainable Development Strategies”, 2009). Sustainability means the balance of three things which are steady business, society and friendly environment. In other words, businesses must show crucial responsibility in terms of environmental impacts and social responsibilities. Consequently, businesses must utilize natural resources carefully, and the economic growth and employment rate of businesses must be increased (“Understanding Sustainability”, n.d.). Therefore, sustainability is an aim of businesses. The Triple Bottom Line or TBL is a significant tool advocating sustainability goals. The concept of TBL emphasizes three things, which are healthy communities (people), clean environment (planet) and stable profitability (profit) (“Slaper & Hall”, n.d.). In contrast with the past, many businesses, nonprofit organizations and government entities tend to follow this guideline. Home Depot is one of the best examples of companies which are following the TBL standard. Home Depot is the world biggest home improvement retailer (“Did You Know”, n.d.). The company was established by Bernie Marcus and Arthur Blank in 1978. The first two stores opened on June 22, 1979, in Atlanta, Georgia. Today, Home Depot has approximately 2,200 branches around the United States. There are 40,000 diverse kinds of home improvement products, appliances, garden supplies and building materials (“Stores, Products, and Services”, n.d.). Additionally, Home Depot gives precedence to sustainable development...
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...There are many reasons why new laws should be introduced to make organic farming techniques compulsory for all Australian growers. The use of toxic chemicals can easily be eliminated from agriculture. The costs of the change are insignificant compared to the benefits gained, and the added profitability to farmers who use organic methods are among the many benefits of organic farming and sustainable agricultural practices. Advances in agricultural science and technology have made it possible for all Australian farmers to produce fruit and vegetables organically. Most of the new chemicals being used in farming are harmful to humans, animals, soils, water, air and plants in the environment, but they’re not necessary. Toxic pesticides designed to kill insects can easily be replaced by substances that occur naturally, including garlic and mineral-enriched water. Fertilisers would be unnecessary if farmers used proper crop rotation practices, natural compost and green manure to nourish the soil. If farmers were prepared to look into these simple practices used successfully by ancient cultures, they would realise that there are many viable alternatives to poisoning the environment and their customers with toxic and mostly synthetic chemical agents. One of the main problems raised by farmers against organic practices is the cost of implementing alternative procedures. However, these expenses are quickly recoverable because of the higher prices that organically farmed produce can...
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...1) Groupon doesn’t have sustainable business model: • Less Customer Loyalty • Easily Replicable • Huge Competition • Ponzi Scheme used to make payments to merchant 2) Groupon’s growth has been following exponential trend owing to following reasons: • 1st mover advantage • Large customer base • Continuous new acquisitions • Targeted deals to customers • Increase merchant base with no initial fee Groupon is appealing to customers: • Good Bargain • Customer Service • Local deals available • No membership fees • Huge number of daily deals • Attractive phrases 3) Groupon is a good option for Merchants: • Brings new customer • Helps to sell products which are in inventory from long time • Advertises the brand • Helps in increasing the sales during off peak hours • Builds Customer Merchant relationship • Increases revenue Merchants are excited with Groupon but there are merchants who are skeptical about it because • Can disrupt normal business • Long wait time for advertisements • Negative bargain • Can cause loss if more customer appear than expected • Long time to receive payment • It mostly attracts low end bargain seekers • Deals don’t generate repeat customers • Less customer loyalty 4) To calculate the profitability we need to assume the below mentioned points: a) number of coupons sold b) amount of purchase by returning customers c) kind of agreement(negotiation) between American apparels and Groupon Total 133000 coupons were sold ...
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...Overview and Strategy PepsiCo has the world's largest portfolio of billion-dollar food and beverage brands, including 22 different brands that each generate more than $1 billion in annual retail sales. As well as our core brands—Pepsi-Cola, Lay's, Quaker Oats, Tropicana and Gatorade—we make hundreds of other nutritious and delicious, convenient and fun foods and drinks that bring joy to our consumers in more than 200 countries worldwide. With annualized revenues of approximately $60 billion, approximately 294,000 of PepsiCo's associates are united by our unique commitment to sustainable growth, called "Performance with Purpose." By dedicating ourselves to offering consumers a broad array of choices for healthy, convenient and fun nourishment, reducing our environmental impact, and fostering a diverse and inclusive workplace culture, PepsiCo balances strong financial returns with giving back to our communities worldwide. In recognition of our continued sustainability efforts, PepsiCo was named for the fourth time to the Dow Jones Sustainability World Index (DJSI World) and for the fifth time to the Dow Jones Sustainability North America Index (DJSI North America) in 2010. For the second year in a row, PepsiCo was the top performer in the Beverage Sector. For PepsiCo, the benefits of global expansion include: maximizing growth potential, gaining global scale and achieving geographic diversity. Emerging markets account for a notable portion of PepsiCo's revenue. With faster...
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...markets and distributes vehicles and vehicle parts [1]. In this report, we will identify three risks and three opportunities related to sustainability for the company and the manufacturing activities of the GM. For each risk/opportunity, we will also identify some possible actions to address the risk/opportunity. Furthermore, we will develop a process for assessing potential cost/benefit of addressing the risks and opportunities and the potential cost/benefit of taking no action. All the detail data resource in this report is from GM sustainability report [2]. 2. Risk Management Sustainability strategy of GM is guided by this simple truth, that energy diversity, resource conservation and CO2 reduction are business imperatives. To achieve sustainable development of the company, GM is faced up with a series of global issues. Among them, fuel economy and CO2 emissions, manufacturing energy use and emissions, and resource and material management are most imperative to address. 2.1 Fuel Economy and CO2 Emissions The need to increase fuel economy and reduce carbon emissions remains one of the most important risks facing automakers around the world, including GM. Though dramatic progress has been made over the past 40 years, the need to “go farther with less” is as relevant today as ever, due to risks associated with petroleum dependence, climate change and the continued growth of vehicle use. Energy security and climate change concerns are driving increasingly stringent fuel economy and...
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