Why You Need Sustainability in Your Business Strategy?
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Sustainability is crucial in business strategy because it allows businesses to address economic, social, and environmental aspects equally, contributing to the achievement of sustainable development goals . The challenges posed by climate change, the UN Sustainable Development Goals, and global pandemics have highlighted the risks associated with an exclusive market worldview and the need for a more inclusive and responsible approach to business strategy . Implementing sustainability in supply chains requires considering the industry-based view, resource-based view, and institutional-based view, as these factors influence the orientation of supply chains towards sustainability . Business strategy plays a significant role in increasing business sustainability by considering quadratic effects and fostering innovation . Additionally, incorporating green marketing, innovation, and ethics into business strategy can positively impact business performance . Overall, sustainability in business strategy is essential for addressing societal and environmental challenges, improving performance, and ensuring long-term success.
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| Papers (3) | Insight |
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| Sustainability is important in business strategy due to the challenges of climate change, UN Sustainable Development Goals, and global pandemics. | |
2 Citations | Sustainability in business strategy is important for success and should be considered in decision-making processes. |
| Sustainability is important in business strategy as it helps achieve sustainable development goals and considers economic, social, and environmental aspects equally. |
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