The idea of sustainability is becoming prevalent in various industries, so it’s important to understand how sustainability relates to competitive market. Let’s first make sure we’re on the same page in defining the term. At its core, “sustainability” means the capacity or ability to continue or endure. At the most basic level, and the one … Continue reading What Does a Competitive Market Have to do With Sustainability?
What’s the most common definition of a “bottom line?” For a business, whether it’s a service-based business or a product-based business, whether it’s B2C (business to consumer) or B2B (business to business), the bottom line is profits. It’s what we’ve been taught to focus on. A business is successful if they’re profitable. It’s the only … Continue reading Understanding the “Triple Bottom Line” Factors
An interdependent economy can be defined as one with a high degree of division of labor, where people depend on one another to produce most of the goods and services required to sustain life and living. That certainly describes the current state of the world economy. One nation’s economic strength relies (often to a high … Continue reading Top Five Benefits of Having an Interdependent Economy
What does a circular economy look like? Well we know what a linear economy looks like. It looks like “produce, use, dispose,” right? It’s when a piece of paper is made a tree is cut down and chemicals are applied during the manufacturing process. Someone writes their grocery list on that piece of paper and … Continue reading The Positive Impact of a Circular Economy
Turn on any news channel or open any industry magazine or newspaper and you’ll see conversations about the environment. It’s a conversation that concerns every single business owner, employee, and consumer. It’s a global conversation as well. While consumers tend to be quite honest and proactive about their environmentally friendly habits, and communities continue to … Continue reading The Many Shades of Green
