Difference between revisions of "Increasing need for sustainable development"
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<h2>Description<h2/> | |||
Sustainable development is the development that meets the needs of the present without compromising the ability of future generation to meet their own needs (WCED, 1987). The concept of sustainability has been around for a long time. It has received much attention lately due to growing awareness in masses about the huge side effects of economic growth on our environment and natural habitat that provides the finite resources for our development. This has created moral responsibility for companies today to alter their operations and business model and make them sustainable. In order to do so, companies have to unlearn their existing method of doing business and embed in their business model functions and operations that reduce environmental pollution, reduce waste and increases process efficiency. The evolution of this new ways of conducting & operating business is driving innovation in the companies. | Sustainable development is the development that meets the needs of the present without compromising the ability of future generation to meet their own needs (WCED, 1987). The concept of sustainability has been around for a long time. It has received much attention lately due to growing awareness in masses about the huge side effects of economic growth on our environment and natural habitat that provides the finite resources for our development. This has created moral responsibility for companies today to alter their operations and business model and make them sustainable. In order to do so, companies have to unlearn their existing method of doing business and embed in their business model functions and operations that reduce environmental pollution, reduce waste and increases process efficiency. The evolution of this new ways of conducting & operating business is driving innovation in the companies. | ||