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Preserving the future of business

Preserving the future of business PurposeThis paper aims to review the latest management developments across the globe and pinpoint practical implications from cutting-edge research and case studies.Design/methodology/approachThis briefing is prepared by an independent writer who adds their own impartial comments and places the articles in context.FindingsThe cost to the environment that our current way of life is extracting is hard to calculate exactly, but few now deny that it is not unsustainable and potentially fatal. Our awareness of climate change and the impact consumerism has on our lives is becoming a constant concern, particularly in those countries that consume the most resources. While people individually, and at a government level, are concerned and acting with more environmental awareness, some of the most damaging behavior is occurring in consumer-driven private sector. Yet as many businesses continue with the attitude of profit before principle, some are now seeking ways to reduce their impact on the environment, both through their own production processes, as well as through their behavior or their customers. These companies, studied by Bocken (2017), have been able to reduce the consumption of both themselves and their customers, without harming their profits, and improving growth. Through careful business strategy innovation, similar practices should be possible in all sizes of companies and across all types of industry.Practical implicationsThe paper provides strategic insights and practical thinking that have influenced some of the world’s leading organizations.Originality/valueThe briefing saves busy executives and researchers hours of reading time by selecting only the very best, most pertinent information and presenting it in a condensed and easy-to-digest format. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Strategic Direction Emerald Publishing

Preserving the future of business

Strategic Direction , Volume 33 (7): 3 – Jul 10, 2017
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Publisher
Emerald Publishing
Copyright
Copyright © Emerald Group Publishing Limited
ISSN
0258-0543
DOI
10.1108/SD-04-2017-0072
Publisher site
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Abstract

PurposeThis paper aims to review the latest management developments across the globe and pinpoint practical implications from cutting-edge research and case studies.Design/methodology/approachThis briefing is prepared by an independent writer who adds their own impartial comments and places the articles in context.FindingsThe cost to the environment that our current way of life is extracting is hard to calculate exactly, but few now deny that it is not unsustainable and potentially fatal. Our awareness of climate change and the impact consumerism has on our lives is becoming a constant concern, particularly in those countries that consume the most resources. While people individually, and at a government level, are concerned and acting with more environmental awareness, some of the most damaging behavior is occurring in consumer-driven private sector. Yet as many businesses continue with the attitude of profit before principle, some are now seeking ways to reduce their impact on the environment, both through their own production processes, as well as through their behavior or their customers. These companies, studied by Bocken (2017), have been able to reduce the consumption of both themselves and their customers, without harming their profits, and improving growth. Through careful business strategy innovation, similar practices should be possible in all sizes of companies and across all types of industry.Practical implicationsThe paper provides strategic insights and practical thinking that have influenced some of the world’s leading organizations.Originality/valueThe briefing saves busy executives and researchers hours of reading time by selecting only the very best, most pertinent information and presenting it in a condensed and easy-to-digest format.

Journal

Strategic Direction – Emerald Publishing

Published: Jul 10, 2017

References

  • Business-led sustainable consumption initiatives: impacts and lessons learned