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Sustainable development and the firm: Organizational innovations and environmental strategy
Author(s) -
van Someren Taco C. R.
Publication year - 1995
Publication title -
business strategy and the environment
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 2.123
H-Index - 105
eISSN - 1099-0836
pISSN - 0964-4733
DOI - 10.1002/bse.3280040104
Subject(s) - sustainable development , eco efficiency , business , foundation (evidence) , meaning (existential) , sustainable business , perspective (graphical) , process management , sustainability , political science , computer science , psychology , ecology , law , psychotherapist , biology , artificial intelligence
Sustainable development is increasingly receiving attention from proactive firms. A consistent economic framework which could be used as the economic foundation of both sustainable development and firm strategies towards sustainable development is developed here. It is shown that organizational innovations play a crucial part. Sustainable development requires organizational innovations which could change the business perspective dramatically. Time seems to be a crucial factor when business decisions in accordance with sustainable development are to be made. The content and meaning of sustainable development are briefy discussed. The analysis focuses on the economic interpretation and ecological consequences; some empirical data used to evaluate the future of sustainable development are considered. A model for the economic basis of long‐term development is presented.