Using these branches, it creates the ability of a system to thrive by maintaining economic viability and also nourishing the needs of the present and future generations by limiting resource depletion.
Sustainable management is needed because it is an important part of the ability to successfully maintain the quality of life on our planet.
This can be by making decisions that will help sustain our immediate surroundings and environment, or it can be by managing our emotional and physical well-being.
These examples are given below: This was a time period in which, even though there were outside concerns about the environment, the industries were able to resist pressures and make their own definitions and regulations.
[1] During this period, the environment for the majority of industry and business management teams was only important in terms of compliance with law.
[1] In 1974 a conference board survey found that the majority of companies still treated environmental management as a threat.
[1] The survey noted a widespread tendency in most of industry to treat pollution control expenditures as non-recoverable investments.
[1] By 1982, the EPA had lost its credibility, but at the same time activism became more influential, and there was an increase in the funding and memberships of major non-governmental organizations (NGOs).
[1] Industry gradually became more cooperative with government and new managerial structures were implemented to achieve compliances with regulations.
[1] Before 2000, The companies generally regarded green buildings as interesting experiments but unfeasible projects in the real business world.
[2] The creation of reliable building rating and performance measurement systems for new construction and renovation has helped change corporate perceptions about green.
In 2000, the Washington D.C.–based United States Green Building Council launched its rigorous Leadership in Energy and Environmental Design (LEED) program.
[2] Hundreds of US and international studies have proven the financial advantages of going green: lower utility costs, higher employee productivity.
[2] Green building materials, mechanical systems, and furnishings have become more widely available, and prices have dropped considerably.
Currently, there are many programs, organizations, communities, and businesses that follow sustainable management plans.
The trend towards sustainable management means that organizations are beginning to implement a systems wide approach that links in the various parts of the business with the greater environment at large.
Managers need to think systematically and realistically about the application of traditional business principles to environmental problems.
By melding the two concepts together, new ideas of business principles emerge and can enable some companies-those with the right industry structure, competitive position, and managerial skills- to deliver increased value to shareholders while making improvements in their environmental performance.
[2] To complete a successful green building, or business, the management also applies cost benefit analysis in order to allocate funds appropriately.
[5] Sustainability values form the basis of the strategic management, process the costs and benefits of the firm’s operations, and are measured against the survival needs of the planets stakeholders.
[5] Sustainability is the core value because it supports a strategic vision of firms in the long term by integrating economic profits with the responsibility to protect the whole environment.
[5] Changing industrial processes so that they actually replenish and magnify the stock of natural capital is another component of sustainable management.
[8] Sustainable management provides plans that can improve multiple parts of people lives, environment, and future generations.