If only environmental sustainability gave proven return on investment (ROI), it would be easy being green. Corporate executives would be echoing the same thing. The problem is, executives haven’t always connected the dots between the green of profit and the green of environmentalism.1 It is only in recent times, that we humans have been able to look beyond the obvious to understand the implications of not only not complying with sustainable development practices but rather more importantly knowing about the potential benefits of undertaking them. These practices, once viewed as a cost centre are now being identified as profit centres and measures to build both tangible and intangible values not only for a firm or a company but potentially an
Technological factors: This entails recognizing the potential technologies that are available. Some of the common technological factors are new discoveries and innovations, rate of technological advances and innovations, and rate of technological obsolescence. Technology is the main factor for an innovative company like IBM. Market position of the organisation can be improved by launching a product with new technology and it can decrease the competition. Environmental factors: Both consumers and governments penalize firms for having adverse effect on the environment.
It is noted that consumer trend is moving into healthy foods and sustainable products. Consequently, this provides Unilever an opportunity to develop products to reach up to customers that fit and aligned with the company sustainable business strategy. c) Increase production volume: Unilever have potential to increase production volumes to reach more customers in new markets. By increasing production volumes, the company could become for efficient utilizing their assets and increase their margin and be more profitable. d) Social and environmental responsibility: Unilever had a great social and sustainable responsibility which is part of their business model.
Additionally this education might persuade consumers to pay a higher amount for diverse and healthier products. The trend of firmer regulations in the industry have begun, e.g. new organic rules and is anticipated to become even more stark in the future which emphasises the fact that HealthTea Café will have to liaise with their traders in order to control the quality of their products along the value chain. We should contribute mainly for ethical reasons in campaigns such as Fair Trade. In addition, if these social movements gain more devotion in the market, we could also benefit from the encouraging public relation associated with the social commitment and
From this perspective, Mazda considers the expectation of customers and society toward automakers in protecting the environment. The society stresses the energy and global warming related issues so that automakers would act to reduce the emission of carbon dioxide of vehicle. Moreover, customers also wish to reduce waste from vehicles and promote the resource recycling. Automakers are expected to reduce toxic emissions and turn to cleaner emissions as well as they can develop environmental management throughout the supply chain and the whole
3.1.2 Green Innovation Green innovation is the exploitation, production, or assimilation of a service, production process, product, or management and system methods novel to the organization adopting or developing them (Kemp and Pearson 2008). Pollution, environmental risks, and other negative effects on resource use (including energy use) throughout its life cycle are significantly reduced by green innovation. Similarly, Wong (2013) suggest that the decreased environmental impact of firms is facilitated by green innovation, thereby enabling firms to integrate environmental benefits and meet eco-targets. Although the importance of green innovation has been discussed extensively (e.g., Zailani et al. 2014; Wong 2013), limited understanding on
“Companies incorporating D4S (design for sustainability) into long-term product innovation strategies strive to alleviate the negative environmental, social, and economic impacts along a product’s supply chain and through its life cycle—the ―cradle-to-cradle‖ mentality.” (“Design for Sustainability: Current Trends in Sustainable Product Design and Development.” Design for Sustainability: Current Trends in Sustainable Product Design and Development, 2009.) These challenges then turn into opportunities, developments from designing for sustainability contribute to expanding knowledge for the base of sustainable products. Basically, this sustainability is offering more to the consumers by bettering the products, like making better quality products and lowering prices, Two big things for consumer decision. “For example, the economy in South Korea in the 1960s was based on low-tech copying and product imitation; by incorporating product innovation into its overall development strategy, it has produced a high level of innovation capacity and is now an internationally competitive, pioneering economy.” (“Design for Sustainability: Current Trends in Sustainable Product Design and Development.” Design for
How can energy conservation help in laying the foundation stone for smart and energy efficient buildings? Seeing the today’s scenario of over and inefficient use of energy, these are some of the important questions,
IMPORTANT FEATURE OF BIS BILL 2015 - Priyanka Khare “Standardization is intrinsic to life and we see its many manifestations in nature and life around us.” Introduction Standard in a lay-man’s language means a level of quality or attainment; or something which is used as a measure, norm or model in comparative evaluations. India, with becoming one of the developing economy is trying its level best in improving the standard of goods and services of the goods produced in India so that the people can enjoy the quality with quantity. As rightly said by our Prime Minister, Mr. Narendra Modi, the policy of “MAKE IN INDIA” will not only make India self-sufficient but would also transform Indian into a Global Manufacturing Hub. The initiative took by the PM focuses on the development of Twenty-Five recognized sectors of the economy . With the development of these sectors the government also focuses on maintain quality standards of the goods manufactured reducing risks to its consumers and to the environment.
Industrialisation has increased production and offered better life to the people, but along with it a huge amount of waste is produced. Authorities use a number of methods like open dumping, open burning etc. to dispose the generated waste, but this has failed to solve the waste problem. More over doing these kinds of ‘disposal’ create environmental degradation and health risk to living organism. In an attempt to accelerate the pace of its industrial development, an economically developing nation like India has failed to pay adequate attention to solid waste management (NSWAI 2010).