Sustainability and Sustainable Management: A Reflection

Running head: MANAGEMENT
Management
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Executive Summary
The sustainability concept is built upon the three main pillars of social, environmental and
economic sustainability which are also known as people, planet and profit. The sustainability can
be managed through the sustainable management procedures and it impacts the three major
bottom lines: profit, planet and people. Sustainability of all the three main pillars leads to the
viability of the long term business because the process is preventive rather than a reactive
process. This means investment into the humane working conditions at the supplier factories,
reducing the packaging materials and having fair trade products. A wide range of industries,
sectors and organizations pursue the sustainable management goals and also it is highlighting to
mention that majority of the top companies are known for their sustainable efforts. The issues of
sustainability can be addressed by sustainable consumption and requires a multinational,
multidisciplinary approach. However, one of the major important aspect is that the developed
nations are the ones that exploit the developing nations instead of helping the same. The major
barriers towards the sustainable consumption is the lack of the alternative sustainable services
and products, ingrained behavioural patterns, ingrained unsustainable thinking, reluctance to
include the true social and the environmental costs of services and goods, lack of support from
the industry, community and government, lack of training and awareness.

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Contents
Introduction......................................................................................................................................3
Concept of sustainability.................................................................................................................4
Positive and negative effects of the process of Globalization.....................................................6
Triple bottom line........................................................................................................................8
Sustainable consumption.............................................................................................................8
Corporate Social Responsibility................................................................................................10
Citizenship, consumers, civil society and activism...................................................................10
Employees and business ethics..................................................................................................11
Conclusion.....................................................................................................................................11
Reference.......................................................................................................................................13

3MANAGEMENT
Introduction
Sustainability can be described as the focus on meeting the present requirements without
the jeopardizing the needs of the future generations. The sustainability concept is built upon the
three main pillars of social, environmental and economic sustainability which are also known as
people, planet and profit. The concept of sustainability emerged from the corporate ethics and it
became renowned due to the discontent among the general public caused due to the damage to
the environment as a result of short term profit. The environmental sustainability can be
described as the ability to maintain the rates of renewable energy resources through the non-
renewable resource depletion, pollution creation so that it can be continued indefinitely (Doppelt,
2017). Economic sustainability is defined as the ability of a firm to define a level of economic
production for an indefinite time period. Social sustainability can be described as the ability of
social system to function properly within a social wellbeing indefinitely.Whereas, business ethics
can be described as the study of the business practices and the business policies that are regarded
potentially accompanied with the controversial issues like the judiciary responsibilities,
corporate social responsibility, bribery discrimination, insider trading, and corporate governance.
Law provides the guidance for the business ethics through the application of business ethics
framework so that a public acceptance can be gained (Jänicke, 2012). This study will present a
reflection on the concept of sustainability and it will include a wide range of themes: Employees
and business ethics, Citizenship, consumers, civil society and activism, Corporate Social
Responsibility, Sustainable consumption, Positive and negative effects of the process of
Globalization.