Notion Of Sustainable Development Samples †MyAssignmenthelp.com

Question: Discuss about the Notion Of Sustainable Development. Answer: Introduction The notion of sustainable development of the business organization has been receiving increased recognition in contemporary times though for many business leaders it is a new concept. In general, the majority of the concepts are theoretical and abstract. Many business organizations nowadays are integrating sustainability principles into their operations of business in active manner and they are doing so by chasing the targets to get rid of the concerns regarding their reputation in the global market regarding environmental sustainability (Day, 2016). These targets or goals include developing green products, saving energy, retaining and motivating the existing workforce of the business organization and many more (Welford, 2016). I believe that all these activities will help themanagements of the business organizations to capture value through growth and to return on capital. In this regard, I believe it can be said that various sustainability programs which were conducted within last five years, made a significant contribution to satisfy various business organizations long and short time targets regarding sustainability. Discussion I strongly believe that environmental problems are substantial in nature, it has become a clich phrase and themanagements of various business organizations should look at it with necessary caution, otherwise opportunities for various businesses may be refrained (Kolk, 2016). In this context it should be mentioned that ecological footprint measures the demand of human on nature, for an example, it can be said that ecological foot print is the quantity of nature it takes to support the humankind. It can be best defined as biologically productive area required for providing everything that is used by the humankind. There are a range of forms of development which are socially and environmentally sustainable. These forms of development do not lead to a trade off but it leads the organization to the path of improved environment, and along with the environment which does not draw down to the environmental capital. I have observed that the societies and business organizations may find various approaches that can effectively shift towards all the three goals which are social well being, economic development and environmental protection. Sustainable improvement is good business in itself as it invokes various opportunities for the individuals who supply for green consumers, business organizations that invest in eco-efficiency, developers of safe material for environment and processes and also for those individuals who engage themselves in social well being. It is a matter of fact that these organizations who follow sustainable development will soon gain a competitive advantage in the market of their o peration by earning the local communitys good will and also by looking at their efforts in the bottom line. Following sustainable ways of development of the business organization has various positive aspects. It is seen that in the last decade, the there have been ample of surveys and polls to confirm the importance of sustainable development in business sector and it is seen that only if a business organization has an irresponsible board of directors, then they will not choose sustainable ways of development for the company by not recognizing the requirement to incorporate various environmental considerations into different stages of the business. When the business leaders introduce environmental considerations in the stages of their business operations, it will bring in various opportunities for the leaders to develop their business (Huckle Wals, 2015). I have seen that nowadays numerous business leaders nowadays are exhibiting that pursuing sustainable development strategies would make good business decision and for an example it can be said that a 3M manufacturing company have scaled down the wastewater treatment operation by half and they did that by running cool water through the factories while not discharging it after single use (Caneque Hart, 2017). In this regard it is worthwhile to mention that McDonald has made a publicized move from plastics to paper as a contribution towards the sustainable environment and the management of Pacific Gas and Electric has made sure that energy conversion was more profitable than investing in nuclear power (Jolink Niesten, 2015). In this scenario the first and foremost duties of the business leaders would be setting various policies for sustainable development of the businesses and to distribute the values of sustainable development among the workforce of the company so that the views of all the stakeholders are aligned for the cause of sustainable development of the company. The managerial board should be responsible for generating sustainable developmental policies for the business organizations and also to establish some objectives. It can be said that making policies in the favor of environmental sustainability is an effective first step towards the widened concerns related to sustainable development (Charles Jr, Schmidheiny Watts, 2017). Thus, the managements of the business organizations should integrate the expectations of the stakeholders with respect to the sustainable development of the organization (Singla, Ahuja Sethi, 2017). Thus, it can be said that drafting policy statements will have the cap ability to influence the behavior and are inspirational too. Thus it can be said that the benefits that the organizations will get from preparing policies for sustainable development will be justified while comparing the benefits with the effort put in. Conclusion Thus to conclude, I believe that it can be said that in contemporary times the business leaders should come forward integrating the sustainable developmental policies in the business organizations. They should promote sustainable development as the organizations contribution towards the environment will earn the company a global recognition and that will help the organization to gain a competitive advantage in the market of operation. Apart from that in contemporary times, I believe the environmental issues have become so concerning that the business leaders should come forward with remedial ideas and contribute to experience a sustainable global development. References Caneque, F. C., Hart, S. L. (Eds.). (2017).Base of the Pyramid 3.0: Sustainable development through innovation and entrepreneurship. Routledge. Charles Jr, O. H., Schmidheiny, S., Watts, P. (2017).Walking the talk: The business case for sustainable development. Routledge. Day, K. A. (2016).China's environment and the challenge of sustainable development. Routledge. Huckle, J., Wals, A. E. (2015). The UN Decade of Education for Sustainable Development: business as usual in the end.Environmental Education Research,21(3), 491-505. Jolink, A., Niesten, E. (2015). Sustainable development and business models of entrepreneurs in the organic food industry.Business Strategy and the Environment,24(6), 386-401. Kolk, A. (2016). The social responsibility of international business: From ethics and the environment to CSR and sustainable development.Journal of World Business,51(1), 23-34. Singla, A., Ahuja, I. P. S., Sethi, A. P. S. (2017). The effects of demand pull strategies on sustainable development in manufacturing industries.International Journal of Innovations in Engineering and Technology,8(2), 27-34. Welford, R. (2016).Corporate environmental management 3: Towards sustainable development. Routledge.