Difference between revisions of "Increasing need for sustainable development"
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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. | ||
<h2>Enablers</h2> | <h2>Enablers</h2> | ||
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2)In early 1990 HP realized that because lead is toxic, government would one day bad lead solders. Over the following decade it experimented with alternatives, and by 2006 the company had created solders that are an amalgam of tin, silver and copper and even developed chemical agents to tackle the problems of oxidization and tarnishing during the soldering process. Thus HP was to comply with the EU restriction of hazardous substances directive, which regulated the use to lead in electronics products, as soon as it took effect in July 2006.<br> | 2)In early 1990 HP realized that because lead is toxic, government would one day bad lead solders. Over the following decade it experimented with alternatives, and by 2006 the company had created solders that are an amalgam of tin, silver and copper and even developed chemical agents to tackle the problems of oxidization and tarnishing during the soldering process. Thus HP was to comply with the EU restriction of hazardous substances directive, which regulated the use to lead in electronics products, as soon as it took effect in July 2006.<br> | ||
<h2>Inhibitors</h2> | <h2>Inhibitors</h2> | ||
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<h2> | <h2>Paradigm</h2> | ||
New: Emerging way of conducting business, adhering to corporate social responsibility, high positive NPV in the long run, ensuring conservation of bio sphere.<br> | New: Emerging way of conducting business, adhering to corporate social responsibility, high positive NPV in the long run, ensuring conservation of bio sphere.<br> | ||
<h2>Experts</h2> | |||
'''Adam Werbach''' is the Global CEO of Saatchi & Saatchi S and author of the book Strategy for Sustainability, published by Harvard Business Press in July 2009. Werbach is widely known as one of the foremost experts in sustainability strategy. | '''Adam Werbach''' is the Global CEO of Saatchi & Saatchi S and author of the book Strategy for Sustainability, published by Harvard Business Press in July 2009. Werbach is widely known as one of the foremost experts in sustainability strategy. | ||
Ram Nidumolu is the founder & CEO of InnovaStrat, a Santa Cruz based firm that helps companies design and implement sustainability startegies and new business models<br> | Ram Nidumolu is the founder & CEO of InnovaStrat, a Santa Cruz based firm that helps companies design and implement sustainability startegies and new business models<br> | ||