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Importance of Sustainable Innovation and Personal Reflection on Sustainable Lifestyle

   

Added on  2023-06-09

12 Pages2920 Words215 Views
Individual case study
analysis

Table of Contents
INTRODUCTION...........................................................................................................................3
TASK...............................................................................................................................................3
Research and critically discuss the importance of sustainable innovation using a real example
like the bio-bean? .......................................................................................................................3
Examine your current lifestyle and write a reflective document on how you could comply
with the sustainability ideals?.....................................................................................................6
CONCLUSION................................................................................................................................8
REFERENCES................................................................................................................................9

INTRODUCTION
Creation of sustainably leads to the innovating, the organization generate the services,
spin off and other procedures which are critically viable for the society as well the industry
acting in the scope sustainability. Restructuring is crucial for an organization which will tends to
interchange the endurance and the heightening of the business. The modernization of
substantiality includes, interchanging calculative measures in the products of the organization,
the services of the company and the enduring of the firm's success and its action. The
construction of innovating the objective and viewing the aim of sustainably in a corporation
takes a passage of time, dedication and a healthy amount of efforts (Boons and McMeekin
2019). The correct optimistic approach of the organization can help in the conduct of the firm to
optimize the betterment and look out for the effluence insights for fundamental growth of the
business. This report will describe the sustainability project of Bio-Bean, which is developing
fuel fro the waste material and utilizing it in fuelling the buses. As well this report will reflect the
vitality of sustainability innovation and the present scenario of ideal sustainability.
TASK
Research and critically discuss the importance of sustainable innovation using a real example
like the bio-bean?
As innovation is essential for any company's growth and development and it should be
make time to time for giving competition to their rivals. Companies who doesn't indulge in
innovation are not survive in competition. And the term sustainable innovation means
manufacturing of products, providing services by keeping in mind long period environmental
and social benefits (Thaher, and Jaaron, 2022). Sustainability means using of natural resources
by company in such a way as it was not used against the environment and without compromising
on future generation ability to fulfil their requirement from natural resources while making
economic profit of the firm. As British firm, Bio-Bean is famous for developing eco-friendly
fuels from coffee waste to power London buses (Dyck and Silvestre, 2018).
Importance of sustainable innovation
20th century is know as industrial century in which at large scale industrial and societal
advancement took place which resulted to expansion of energy use and depletion of natural
resources and that give rise to problems regarding the substantiality of natural resources and

cause negative impact on environment. So, in present time companies develop their product
considering the nature. Like bio- bean developed their product which are eco friendly and the
waste of it uses to make fuel for buses. The importance of sustainable innovation are as follows:
sustainability leads to scientific and structured innovations. The company while making
product kept in mind that it should be eco-friendly along with effective in budget. This
helps in capturing the market because now a day people are interested in buying those
product which are eco friendly (Taticchi, and Demartini, 2021).
sustainability promote organization to select a different thought and idea which make
capable to an employees in approaching a business issuance in different way. It is like
brain storming which develop thinking of employees out of the box, regarding active
subjects. And for this company re examine their business from new point of view.
sustainable innovation enables companies to look out the value chain which modify the
cross-functional perceptive. While considering environmental efficiencies company start
working beyond their domain which fostering a working surroundings where employees
ideas consider comprehensive and valuable (Köhler, 2019).
It will resulted into innovative production and utilities for the consumers which
ultimately profitable for company and secure the trust of their consumers.
Advantages of sustainable innovations
Energy-Efficient: There are various advantages of sustainable development and one of
advantage is it is energy efficient. It helps in protecting plenty of natural resources. Like
manufacturing of energy saving products leads to less use of resources and cost effective
also (Goni, and et. al., 2021).
Reducing global warming: Today global warming is one of the important issue for whole
world every nation takes steps in reducing the globe warming because if affect the
climate severely. So the product and services of company are developed in such a way
which are helpful in reducing the emittance of green house gases.
Reducing air pollution: The consumption of conventional auto mobiles release huge
amount of harmful gases into environment which cause air pollution. So the company
should make auto-mobile by using green technology. Like bio beans making fuels for
buses in London from the waste of beans which are good for nature and helpful in
improving air quality by reduction of air pollution(Du, and et. al., 2021).

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