Apply the concept of sustainability to a variety of businesses and industries. What would be required...

Apply the concept of sustainability to a variety of businesses and industries. What would be required to turn your hometown into a sustainable community?

Expert Solution

Concept of sustainability: The concept of sustainability is defined as the sustainability of the business for long duration along with positive impact on the environment, economy, social and community. Thus any business approach will be sustainable if it has positive impact on the environment, community, economy and society associated with the business. This concept tries to demonstrate the longer survival of the efforts and result in profit for long duration for any firm / business.

Concept of Sustainability to businesses and industries: Manu businesses and industries are struggling for their long term survival. Though this has added large investments in the market, but the long term sustainability is a question mark for those firms. Thus concept of sustainability should be applied on such firms, so that they can be sure for the survival and sustainability of the business against the investments.

This concepts of sustainability ensures below points in any business or industries as below

No negative impact to the firm.
Positive cash flow and profit generating firm.
The firm has positive impact on the environment.
The firm has positive impact to the economy of the state/country/region.
The firm has good impact on the community and society in which the firms exists.
The business can last for longer time and can meet the consumer demand.
The consumer demand or interest is not going to change significantly in near future.

Requirement to turn hometown into a sustainable community: A hometown can be turned into a sustainable community if following elements are taken care for the home town as below

Hometown is able to provide employment for people and able to make them survive in the current scenario.
The business or industries in the hometown do not have adverse impact on the environment and atmosphere.
Hometown is able to generate positive energy among the people and is able to contribute in the economy of the hometown or state or country.
The Hometown has significantly good impact on the society and community and provides them the infrastructure to explore commercial means for their livelihood.
Hometown is commercially capable and is a good junction for business opportunities sin the future.
Hometown has good basic infrastructure, transportation facilities and resources to support the people for their livelihood.

keosha answered 6 months ago

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