Author : Sophia von Petersdorff
Publisher : GRIN Verlag
ISBN 13 : 3668771006
Total Pages : 94 pages
Book Rating : 4.6/5 (687 download)
Book Synopsis The Purpose of Business. Where Value meets Strategic Sustainable Development by : Sophia von Petersdorff
Download or read book The Purpose of Business. Where Value meets Strategic Sustainable Development written by Sophia von Petersdorff and published by GRIN Verlag. This book was released on 2018-08-13 with total page 94 pages. Available in PDF, EPUB and Kindle. Book excerpt: Master's Thesis from the year 2018 in the subject Business economics - General, grade: 1,6, Blekinge Institute of Technology (Strategic Sustainability), language: English, abstract: The current global economic paradigm, centred on growth, is a significant barrier in the transition towards a sustainable society. Business-as-Usual companies operating within this paradigm are perceived to prosper at the expense of society and environment which is not viable on a finite planet. The need to rethink the purpose of business is inevitable as maximising shareholder value, has been deemed insufficient to create a sustainable society. This study aimed to explore: how business models can be used to create value that supports Strategic Sustainable Development. Previous research proposed that the concept of Business Models for Sustainability helps business place sustainability at the core of all consideration. A qualitative research was chosen for which we employed the Framework for Strategic Sustainable Development and combined a literature review with an investigation of three expert groups to answer our research question. Our findings showed that, compared to other value forms, system value is the most appropriate concept for businesses striving towards sustainable development. Based on our findings, six themes emerged that businesses need to address to accelerate the speed of change towards sustainability. To make a relevant contribution to the intended audience, a prototype has been developed based on our findings.