Sustainable Development Initiatives

2.3.3 Sustainable Development Initiatives
Governments have been trying their best to create regulation policies to implement laws that serve the best interest of the stakeholders. Furthermore, companies are also creating sustainable strategies, planning and operations while spreading a sustainable culture among employees and staff.
Moreover, in order to evoke and maintain economic development and the social well being of stakeholders, regulations have to be established and implemented not only on corporations but also on individual members of the society. In the United Arab Emirates for example, a new law was implemented by the United Arab Emirates governments to protect the streets of its emirates, especially in Dubai, from all violation such

For example, manufacturers of airlines exert power over the airline industry where airline companies have limited options to purchase their goods. Therefore, in this business, although airplane manufacturing is highly unsustainable, yet airline companies cannot really control their power over choosing a sustainable approach for their operations because of the lack of diverse choice and suppliers. Moreover, as Porter again explained in his Harvard Business Review article “The Five Competitive Forces that Shape Strategy” the power of suppliers, he states that “a supplier group is powerful if (1) it is more concentrated than the industry it sells to, (2) the supplier group does not depend heavily on the industry for its revenues, (3) industry participants face switching costs in changing suppliers, (4) suppliers offer products that are differentiated, (5) there is no substitute for what the supplier group provides, and (6) the supplier group can credibly threaten to integrate forward into the industry” (Porter, M. Jan 2008). This all creates an inescapable situation for companies to accept the bargaining power of suppliers in order to maintain their operation and profitable

Then after fulfilling the latter need, the safety needs follow, which include protection, shelter, and security. Moreover, human beings are made to interact and live with one another, thus the need to belong and belonging comes after the fulfilling the safety need. And thus, the need to feel loved, respected and part of a community start to increase and reveal itself. Next, as we go higher on the needs chart, deeper and strong needs reveal themselves as important for survival. Therefore, the esteem needs are thus aimed for, which include the need to be respected, reputed, and recognized, etc. Moreover, the esteem needs also include the need to achieve a certain high status such as fame, victory or glory. Lastly, the ultimate level of satisfaction in Maslow’s hierarchy of needs is the self-actualization need. However, this need is satisfied only when the previous four needs levels are achieved. Thus, as per Maslow, it is the ultimate goal and “the desire to become more and more what one is, to become everything that one is capable of becoming.” (Griffin, E. Apr.