A study on the 'futuristic aspect' of transforming the organisations towards 'sustainable practises'

Varadaraj Aravamudhan, Ananth Sengodan and M. Prasanna Mohan Raj

International Journal of Intelligent Enterprise, 2024, vol. 11, issue 1, 85-102

Abstract: Sustainability is already becoming progressively crucial in modern organisations, and it could help businesses succeed now and in the future. Incorporating environmental, societal, and policy interests within company choices is a critical component of sustainable construction. Because sustainable development is a continual process instead of a single action, decision-makers should be able to assess the present status of an organisation. To do the same, we will show how businesses might shape the area of activity for something like the transition to sustainability. In addition, the researcher has developed a selection tool to estimate whether sustainability activities should indeed be carried out in compliance with the valuation strategic management function, that is, considering their financial ramifications. This is crucial to note, nevertheless, that sustainable performance can be achieved by such a single company (or, for just that point, the whole corporate sector) acting alone. If we are to satisfy today's modern demands while jeopardising future generations' infrastructure to accommodate their requirements, ecological sustainability is a widespread idea where just about every actor in the international economy (especially governments and companies) must agree.

Keywords: transformation of organisation; organisation. (search for similar items in EconPapers)
Date: 2024
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