This course aims to provide you with skills and knowledge on the design of business that focuses on being sustainable. , Rather than taking from the earth, a sustainable business “borrows” resources with the intent to replenish them. The concept of responsible consumption and production is one of the key aspects for this course. The students will examine keypoints from the UN and other international agencies working towards the acheivement of sustainable development via business and economic mechanisms.
A sustainable strategy, by way of business model, is one that understands the flow of ‘in’ and ‘out’ – not just cash flow, but again, the resources both tangible and intangible that are required to create the product or service. We will take you through the way in which business model can be designed to support labour, human rights, environment, and anti-corruptions.
As it is known that the most effective sustainability strategies start with an organization’s purpose, you will learn to answer these important questions before you design your sustainable business model:
Why does the organization exist?
What problem is it solving?
How is it going to improve the world, environment and society?
From there, a strategy can emerge that engages the entire business ecosystem – internally, the supply chain, its communities and its industry. You will also learn from real-life stories and cases in the final section of this course.The cases we design for you to learn in this course comprise both local and global sustainable business cases.
Research indicates that consumer demand is, indeed, pushing businesses to alter their operations. In another Deloitte Insights survey, for instance, nearly two-thirds of companies said their customers have been demanding they switch to renewable sources of electricity. Nearly half said they’re working on doing just that. Hence, you will learn the importance of the ESG framework in this course.
