Sustainable Management and Marketing: Innovation Examples Report
VerifiedAdded on 2022/11/12
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Report
AI Summary
This report, focusing on sustainable management and marketing, provides an overview of sustainability-oriented innovations within the context of business practices. The report highlights two key examples: the shift towards electric vehicles by automotive companies and the adoption of organic food production methods by food manufacturers. It delves into how these innovations represent marketing and management-based practice innovations, respectively, contributing to environmental sustainability. The report references relevant academic sources to support its analysis and provides a concise understanding of how businesses can integrate sustainability into their core operations. The first example of electric vehicles is determined to be a marketing based practice innovation as the same would not only sustain the environmental practices but also will help market and promote the new creative idea of the business organisation. The second example is determined connected to a food manufacturing industry which would implement the changes in producing organic food products and thus reduce the number of harmful wastages incurred out of the inorganic food production. This type of innovation example is determined to be the management based practice innovation as the same will help in managing the internal waste production of the company and reduce the pollution caused to the environment.
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