Innovation and Sustainable Business Development

INNOVATION AND SUSTAINABLE
BUSINESS DEVELOPMENT
NAME OF THE STUDENT:
NAME OF THE UNVERSITY

INTRODUCTION
 The following report is based on the discussion of the innovation and sustainable
business development processes.
 Innovation and business sustainability are two of the most important elements that
are related to each other in different manners.
 The present demand of the globe for different kinds of the resources is not
sustainable.
 The sustainability is such a process that helps the organization or a person to act
and operate on such a manner that it is able to cope up with the different demands
of the future.

INTRODUCTION
 The management of the business organizations have been constantly involved in
the creation of the different kinds of strategies and products that outclass the
expectations of the people and makes them inclined towards them.
 This particular process is termed as innovation. The better the innovation, the
better will be the chances for the organization to ensure business success and also
ensure the long term durability of the organization in the future.
 The innovation in a business will involve the likes of the change in the vision and
the leadership styles, multiple level focus and the elimination of the different kinds
of the perverse subsidies.

INTRODUCTION
 The following report has been based on the study of the innovation and the
development of a particular business organization in accordance with the
different kinds of the market needs of the modern days.
 The Commonwealth Bank of Australia is a multinational bank with businesses
spread around Australia, New Zealand, Asia, the United States and the United
Kingdom (commbank.com.au, 2019).
 The management of the business organization provides a number of different
kinds of financial services like that of institutional banking, funding services,
retail business services, management of business funds and many more as such.