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    Lecture 5

    Uploaded by

    Suvansh Verma

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    © All Rights Reserved
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    Lecture 5

    Uploaded by

    Suvansh Verma
    21 views13 pages

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    Lecture 5.pptx

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    © © All Rights Reserved

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    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    21 views13 pages

    Lecture 5

    Uploaded by

    Suvansh Verma

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    You are on page 1of 13

    Sustainability

    Approach to Business Growth and Profitability :

    We probably have forgotten that resources are limited and depleting


    fast
    SUSTAINABLE STRATEGY

     The firm’s strategy describes how it will create and sustain value for its
    current shareholders
     Shareholders – individuals or companies that legally own one or more shares of stock
    in the company
     Stakeholders – individuals or organizations who are directly or indirectly influenced
    by the actions of the firm
     Adding a sustainability requirement means meeting value goals without
    compromising the ability of future generations to meet their own needs
     Triple bottom line – evaluating the firm against social, economic, and
    environmental criteria

    2-3
    TRIPLE BOTTOM LINE

    2-4
    TRIPLE BOTTOM LINE CONTINUED

     Social responsibility: this pertains to fair and beneficial business practices toward labor, the community,
    and the region in which a firm conducts its business

     Economic prosperity: the firm is obligated to compensate shareholders who provide capital

     Environmental stewardship: this refers to the firm’s impact on the environment

    2-5
    Natural System
    Constraints
    Natural System
    Constraints Social
    System
    Zone of Demands
    Sustainability
    Business Social
    Growth System Business
    Aspirations Demands Growth
    Aspirations

    Dominant Perspective Realistic Perspective


    Concept of Sustainability/ Green Operations

    ‘Sustainable Operations’ can be defined as operations that meet the present needs without compromising
    on the ability to meet future needs. 

    Business sustainability is often defined as managing


    the triple bottom line –
    • process by which companies manage their
    financial, social and environmental risks
    • obligations
    • Opportunities

    Green Operations

    These three impacts are sometimes referred to as profits, people and planet. Sustainable businesses are those
    businesses that can survive shocks because they are intimately connected to healthy economic, social and environmental
    systems. These businesses create economic value and contribute to healthy ecosystems and strong communities. 
    Avoidance

    HOW TO CREATE Reuse Reduction in


    Use

    SUSTAINABILITY ?

    Extended Renewable
    Use Resources
    DESIGN FOR SUSTAINABILITY
    Remanufacturing

    Remanufacturing is "the rebuilding of a product to specifications of the original manufactured product using a
    combination of reused, repaired and new parts\It requires the repair or replacement of worn out
    or obsolete components and modules. Parts subject to degradation affecting the performance or the expected
    life of the whole are replaced.
    Remanufacturing is a form of a product recovery process that differs from other recovery processes in its
    completeness: a remanufactured machine should match the same customer expectation as new machines.

    https://www.youtube.com/watch?v=eylhn22c7gw
    Reverse Logistics

    Reverse Logistics
    https://www.youtube.com/watch?v=FPPSn-M3JQk
    HOMEWORK

     Sustainability Reports of Nokia and ITC

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