Three Pillars Of Sustainability

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EXECUTIVE SUMMARY Sustainability and sustainable development reshape innovation as a part of the company’s strategy. Sustainability is one of the features that define trustworthy company. Because of interest in being eco, green and environmental-friendly among societies, markets and customers, sustainable development practices became one of the values and design components in many companies. Sustainability appears in organizations in accordance with its basic model: Three Pillars of Sustainability. The integration of those three elements creates conflicts because of the fact that sustainability focuses on the future generations and their perception of what sustainable is and their quality of life. Yet another problem that companies can face…show more content…
Sustainable development models and strategies 12 The Egg of Sustainability 12 The Atkisson’s Pyramid Model 12 The Prism of Sustainability 13 The Amobea Model 13 Business strategies for sustainable development 14 CHAPTER 2 15 1. Skanska – company’s overview 15 Skanska business streams 15 Values, targets, vision and mission 16 Strategy 16 2. Skanska and Sustainability 18 Environmental pillar in Skanska 19 Social pillar in Skanska 19 Economic pillar in Skanska 20 3. Strategy and challenges 22 Skanska strategies for Sustainable development 22 CHAPTER 3 24 1. Innovation in three dimensions 24 Social innovation 24 Environmental innovation 25 Economy and innovation 26 2. SECI – managing knowledge 28 Socialization 28 Externalization 28 Combination 29 Internalization 29 3. Sustainable development as a key driver of innovation 30 Bibliography 32 List of items…show more content…
The advice proposed by authors is that companies should deal with the most stringent rules even before they become mandatory as beside competitive advantage they use possibility to be a step ahead and save time. Second stage is about value chains and looking for new tools that will lead to innovation of future products and businesses. When there exist more efficient supply chain methods company can focus on sustainable products or services. With innovation and sustainable solutions in value chains company is able redesign their products not only in terms of design but also in terms of quality, perception f receiver. Through this process management also learn how to scale new sources of supply and distribution, as well as gain expertise in new manufacturing techniques. Next stage is about changing and developing business models. Companies because of the sustainability challenges and development of new solutions in this aspect will be forced to rethink models or create new ones especially with the advent of new technologies and changing customer
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