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Business sustainability
Business sustainability
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Business Sustainability

  1. 1. Business Sustainability https://www.linkedin.com/in/profakramhassan/ Prof Akram Hassan SME@PMI
  2. 2. Agenda Think 01 Act 02 Enable 03 Influence 04 Sustain 05
  3. 3. THINK Sustainability at the center of business
  4. 4. THINK Society Economy Environment
  5. 5. Sustainable Development Goals $1.4tn As achieving the UN Sustainable Development Goals will require ‘pouring $1.4tn into low- and lower middle-income countries. Source: Becoming sustainability proof Sustainability offering
  6. 6. Sustainable Business Dimensions Economic Interests Social Interests Environmental Interests Business sustainability can be explained as the process of managing an organization by considering three different aspects, economic, social and environmental. Source: Business Sustainability: Exploring the Meaning and Significance, 2018.
  7. 7. Business Sustainability Journey Enable Act Influence Sustain
  8. 8. ACT Strategy and value creation Governance, Leadershipand management
  9. 9. ACT Source: REDEFINING SUSTAINABLE BUSINESS: MANAGEMENT FOR A RAPIDLY CHANGING WORLD, 2018
  10. 10. 1- Resilient Business Strategies Source: REDEFINING SUSTAINABLE BUSINESS: MANAGEMENT FOR A RAPIDLY CHANGING WORLD, 2018
  11. 11. 2- Governance Gaps in board competency Lack of relevant information Conformism Limited board bandwidth Unclear business case Source: REDEFINING SUSTAINABLE BUSINESS: MANAGEMENT FOR A RAPIDLY CHANGING WORLD, 2018
  12. 12. 2- Governance Recruit board members with expertise Provide training on material sustainability issues Create external advisory councils Source: REDEFINING SUSTAINABLE BUSINESS: MANAGEMENT FOR A RAPIDLY CHANGING WORLD, 2018
  13. 13. 3- Leadership and Management We believe that sustainability leaders should reimagine their job functions in four keyways: Creator of value Futurist Change agent Coalition builder Source: REDEFINING SUSTAINABLE BUSINESS: MANAGEMENT FOR A RAPIDLY CHANGING WORLD, 2018
  14. 14. Futurist Keyway Futurist 1- Identify long-term sustainability factors that drive risk and generate value; 2- Engage with VUCA of how the stakeholders respond to sustainability factors.
  15. 15. 3- Leadership and Management
  16. 16. ENABLE Engagement and collaboration Reporting and disclosure
  17. 17. ENABLE
  18. 18. 1- Stakeholder Engagement
  19. 19. 2- Reporting and Disclosure We can fulfill the purpose of sustainability reporting by deploying a model based on two ideas: 1- Reporting triangular 2- Connection between “numbers” and “narrative.”
  20. 20. INFLUENCE Company law and regulation Advocating for sustainable business
  21. 21. INFLUENCE
  22. 22. 1- Company Law and Regulation Include issues that are material to society, not only to stakeholders Identify, mitigate, prevent, and account for potential impacts Seek and obtain all information necessary for making decisions Cover all potentially relevant sustainability issues Consider the information needs of “the reasonable citizen,” not just “the reasonable investor”
  23. 23. 2- Advocating for Sustainable Business It is essential that business leaders become more effective at connecting sustainability challenges with priorities that resonate with the public.
  24. 24. SUSTAIN Achievement for a just and sustainable world.
  25. 25. 10 Keys of SME Sustainability 4. Rememberthat you are not alone. 5. Establish responsibility and communicate widely. 1. Take a broad view of sustainability. 2. Define in detail what sustainabilitymeans to your company. 3. Engage all stakeholders Source: Ten key elements to sustainable business practices in SMEs.
  26. 26. 10 Keys of SME Sustainability 9. Measure, monitor and review. 10. Invest in the future. 6. Take it step by step. 7. Walkthe talk. 8. Tie sustainabilityto profit Source: Ten key elements to sustainable business practices in SMEs.
  27. 27. You can simply impress your audience and add a unique zing and appeal to your Presentations. Get a modernPowerPoint Simple Portfolio Presentation BSMA Can Help SME!
  28. 28. BSMA Can Help SME! 02 03 04 Full Scan 1 Week Gap analysis & Business Solutions 1 Month Quick Fix & Quick Win ¼-1 Year 01 Quick Scan 1 Day
  29. 29. Thank you Be Safe…and Have Sustainable Business Prof Akram Hassan SME@PMI akramkram@yahoo.com +201014356420

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