Sustainable Business and Innovation: A Comprehensive Analysis

This assignment solution explores the concepts of sustainable business and innovation, addressing the challenges of environmental change and the need for sustainable development. The solution analyzes key factors impacting the implementation of sustainable measures, including economic, social, and political aspects. It examines environmental threats like global warming and ocean acidification, and discusses the significance of planetary boundaries, the Paris Agreement, and the 2030 Sustainable Development Goals. Furthermore, the assignment defines sustainable development as a holistic approach, encompassing economic parity, gender equality, and governmental trust, while also considering the impact of human activities on the planet. The solution references materials like videos and research papers to support its arguments.

Running Head: SUSTAINABLE BUSINESS AND INNOVATION
SUSTAINABLE BUSINESS AND INNOVATION
Name of the Student
Name of the University
Author’s Name

1SUSTAINABLE BUSINESS AND INNOVATION
Answer to Question 1:
Professor Jeffrey D. Sachs identifies that with technological revolution the world has also
witnessed considerable change it its environmental functioning which has turned more complex
and turning the crisis more severe. The very need of this hour is to understand the concept of
Sustainable development to help the population align their personal growth with the
environmental concerns and bring in a parity between both (Eskerod and Huemann, M2013).
The key factors that affect the implementation and success of sustainable developmental
measure in a nation, which are:
 Economic
 Social
 Natural environment
 Political governance system.
The next part of the video move son to analyze what are exactly the threating issues that
human development has brought in with its lack of proper awareness like excess use of non-
biodegradable sources, burning of fossil fuels which in turn has led to major environmental
crisis like Global Warming, Ocean Acidification, major loss of biodiversity, Human induced
Climate change and many more (Living Within Limits, 2019). These have been later recognized
as planetary boundaries which is a major milestone which finally led to the implementation of
more strategic response system like The Paris Agreement and the 2030 Sustainable
developmental Goals by UNESCO (Holden, et al .2017).

2SUSTAINABLE BUSINESS AND INNOVATION
Answer to Question 2:
In this video sustainable development is explained as a holistic approach which
incorporates broader aspects like Economic Parity, gender equality, a trustable government
and sound awareness of the mass regarding environmental issues (Harik, et al. 2015). The
existing economic imbalance, the disparity in lifestyle is accounted for the existing infant
mortality rates, declining health conditions of the poorer countries like Nairobi and Northern
Ethiopia. (Continuing Poverty, 2019). Human activities have altogether changed the very nature
of the plane earth, where storms, droughts, heat waves have become the new normal
(Deutsch, et al. 2014)
The Paris Agreement and 2030 Sustainable developmental Goals by UNESCO are
considered some of the firm steps that are been taken by the government to address these issues.

3SUSTAINABLE BUSINESS AND INNOVATION
References:
Continuing Poverty. (2019). [DVD] https://vimeo.com/285866141.
Deutsch, E.R., Kotidis, P., Zhu, N., Goyal, A.K., Ye, J., Mazurenko, A., Norman, M., Zafiriou,
K., Baier, M. and Connors, R., 2014, May. Active and passive infrared spectroscopy for the
detection of environmental threats. In Advanced Environmental, Chemical, and Biological
Sensing Technologies XI (Vol. 9106, p. 91060A). International Society for Optics and Photonics.
Eskerod, P. and Huemann, M., 2013. Sustainable development and project stakeholder
management: What standards say. International Journal of Managing Projects in Business, 6(1),
pp.36-50.
Harik, R., El Hachem, W., Medini, K. and Bernard, A., 2015. Towards a holistic sustainability
index for measuring sustainability of manufacturing companies. International Journal of
Production Research, 53(13), pp.4117-4139.
Holden, E., Linnerud, K., Banister, D., Schwanitz, V.J. and Wierling, A., 2017. The imperatives
of sustainable development: needs, justice, limits. Routledge.
Living Within Limits. (2019). [DVD] Directed by J. D. Sachs. https://vimeo.com/313388761.