This post all about some very frequently asked question (FAQ) about sustainable business development. It is being updated on a regular basis depending on the latest queries of the audience. So please keep checking on a regular basis. If you do not find the question you are looking for, please drop us the question by clicking here
Sustainable development is a development that meets the needs of the present without compromising the ability of future generations to meet their own needs. (Brundtland definition)
The scope of sustainable development is defined into three dimensions or pillars: the ecological, the economic, and the social.
Sustainable business is a purpose-driven enterprise that generates profit by not causing problems for the people and planet. It has the lowest possible negative impact on the global or local environment, economy and/or society.
Sustainable business development refers to plan and to execute business model and strategy to establish startup as well as accelerate the growth of the existing business from the three dimensions’ perspective of the sustainable development i.e. ecological, economic and social.
Sustainable business development makes the business ready to adapt according to the world’s needs and ambitions by transforming business solutions. As a result, it helps capture opportunities, better manage the risks, anticipate consumer demand, build or redefine value positions to capture unmet growth.
Besides, it also helps to have access to needed resources, and strengthen the supply chains while playing their role for letting the world towards a sustainable and inclusive development path.
The opportunity is huge for sustainable business development. For example, as the Business & Sustainable Development Commission (January 2017) estimates that sustainable development could generate US$12 trillion in business savings and revenue across four sectors by 2030. The sectors are energy, cities, food and agriculture, and health and well-being.
Sustainable business development needs the right business model and strategy in place from the beginning of the business idea. This must support analysis, modelling, validation, implementation, adaptation considering the business as now, next and for the future.
Even the existing business also needs to look into their business model to embed sustainability. I refer to it like every business must have sustainability at the heart of its strategy. This will help the business to go a long way.
The traditional business leaders must have a sense of urgency about the future of the business. This, later on, has to be carried forward with analysis, modelling, validation, implementation, adaptation considering the business as now, next and for future.
In regard to the existing business, the business model and strategy need to revisit. Sustainability should be embedded at the heart of the business by transforming the strategy.
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A sustainable business consultant works with clients on strategy, planning and problem solving and helps clients develop business skills and knowledge with a focus on sustainability.
These topics range from designing a sustainable business model or marketing plan to determining which marketing techniques to use and how to use them sustainably. The consultant will often help clients learn how to plan and implement sustainable projects.
A sustainable business consultant gives advice, teaches skills, and brainstorms with the client to produce practical results and enhance strategic thinking.
How2Transform.com is primarily a blog platform which shares the knowledge, experience and expertise related to sustainable business development. This is done through blogs, digital tools, podcasts, online courses.
It is a platform which would like to instigate the dialogue and provide solutions for building as well as developing a sustainable business based on a sustainable business model.
