Increase sales, market shares, return on investments. They strive for sustainability in all parts of their daily operations! To analyze the business objective and its opportunities and threats, following steps should be followed: These headings and analyses would help the company to consider these factors and make a “big picture” of company’s characteristics. These forces are used to measure competition intensity and profitability of an industry and market. The main risk that may result from the solution described above is the increase in cost and administrative burden as the company tries to comply with the regulations and policies on environmental sustainability. this refers to the supplier’s ability of increasing and decreasing prices. Effects of change in business regulations. Opportunities for Economic Sustainability can be obtained from things such as: Change in technology and market strategies, Government policy changes that is related to the company’s field. Risk 1 . Standards of health, education and social mobility levels. focusing on their environmental and economic impacts. However, if there are many suppliers alternative, suppliers have low bargaining power and company do not have to face high switching cost. https://www.mdpi.com/2071-1050/10/7/2511/pdf, https://www.mdpi.com/2071-1050/10/7/2511/, Economic Sustainability in a Wider Context: Case Study of Considerable ICT Sector Sub-Divisions, Scale Economies, Product Differentiation, and the Pattern of Trade, ICT applications in the research into environmental sustainability: a user preferences approach, Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Effect of the ICT Ecosystem Structure on the Sustainable Growth of ICT Firms: A Metafrontier Analysis on China, South Korea, the United States, and Japan, How to compare companies on relevant dimensions of sustainability, ICT Applications in the Research for Environmental Sustainability, Toward of the spatiality of the ICT sector: Case study from the Slovak Republic, Assessment of Sustainable Socioeconomic Development in European Union Countries, Achieving Sustainable E-Commerce in Environmental, Social and Economic Dimensions by Taking Possible Trade-Offs, Sustainability, Resilience and Population Ageing along Schengen’s Eastern Border. All are designed to be two pages or less and are fully referenced for those who wish to consult the original sources. The company will also recycle waste products in its attempt to promote environmental sustainability. ", Alzbeta Kucharcikova & Martin Miciak & Eva Malichova & Maria Durisova & Emese Tokarcikova, 2019. It also allows you to accept potential citations to this item that we are uncertain about. Precise and verifiable phrases should be sued. case study revealed no attention to sustainability within the project management process. 2008 / 2009. The buyer power is high if there are too many alternatives available. 4, pp. And its effects on company, Effect of globalization on economic environment. Journal of Sustainable Agriculture: Vol. Competitor’s activities that can be seen as your weakness. Economic Sustainability of Dry Land Use: The Case Study of Irsal, Lebanon. The four components of VRIO analysis are described below: VALUABLE: the company must have some resources or strategies that can exploit opportunities and defend the company from major threats. The criteria’s on which business decisions are to be selected areas under: Alternatives should be measures that which alternative will perform better than other one and the valid reasons. ", Viktorija Skvarciany & Daiva Jurevičienė & Gintarė Volskytė, 2020. If the company holds some value then answer is yes. After defining the problems and constraints, analysis of the case study is begin. When having a fast reading, following points should be noted: When reading the case for second time, following points should be considered: After reading the case and guidelines thoroughly, reader should go forward and start the analyses of the case. For the business community, sustainability is more than mere window-dressing. Yet, for the fashion industry, sustainability means the ‘environmental protection, social justice, economic fairness and cultural validity’ (Parker, 2011, p4).Globalization and technological advancements have made a dramatic change in production and consumption patterns of the world’s fashion. Major HBR cases concerns on a whole industry, a whole organization or some part of organization; profitable or non-profitable organizations. ", Edvard Tijan & Adrijana Agatić & Marija Jović & Saša Aksentijević, 2019. Therefore to select the best alternative, there are many factors that is needed to be kept in mind. Sources and constraints of organization from meeting its objectives. Other political factors likely to change for Economic Sustainability. ", Alessandro Danovi & Francesca Magno & Giovanna Dossena, 2018. To analyze the structure of a company and its corporate strategy, Porter’s five forces model is used. Therefore, it is necessary to block the new entrants in the industry. COSTLY TO IMITATE: the resources are costly to imitate, if other organizations cannot imitate it. The idea is to promote the use of those resources in a way that is both efficient and responsible, and likely to provide long-term benefits. ... Bioethanol produced from hardwood chips and cassava rhizome was the case study selected to highlight the application of the framework. The results confirm a strong correlation between economic sustainability and firm geographic concentration. Change in Legislation and taxation effects on the company, Trend of regulations and deregulations. ... A Case Study in Ise Bay, Japan. If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. A case for consideration is the training of Papua government leaders on issues the integration between rights based development, strengthening self sufficiency, and delivering economic justice all with a focal aim of enhancing level of sustainability (Sustainability Institute, 2004). Strong and powerful political person, his point of view on business policies and their effect on the organization. It will also weaken the company’s position. However, resources should also be perfectly non sustainable. It is recommended to read guidelines before and after reading the case to understand what is asked and how the questions are to be answered. This value may create by increasing differentiation in existing product or decrease its price. Clear yourself first that on what basis you have to apply SWOT matrix. Establish principles of sustainability and adherence to the same through case study analysis. ORGANIZED TO CAPTURE VALUE: resources, itself, cannot provide advantages to organization until it is organized and exploit to do so. This time, highlighting the important point and mark the necessary information provided in the case. Content By: UBC Campus Sustainability Office. And the buyer power is low if there are lesser options of alternatives and switching. However, when more than one few companies uses the same resources and provide competitive parity are also known as rare resources. Research areas of government and education institutes in which the company can make any efforts, Changes in infra-structure and its effects on work flow, Existing technology that can facilitate the company, Other technological factors and their impacts on company and industry. The decision that is being taken should be justified and viable for solving the problems. The reasons that resource imitation is costly are historical conditions, casual ambiguity and social complexity. Please note that corrections may take a couple of weeks to filter through As the most important objective is to convey the most important message for to the reader. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation. The Sustainable Communities Network website connects citizens with the resources they need to implement innovative processes and programs to restore the economic, environmental, and social health and vitality of their communities. Analyze the opportunities that would be happen due to the change. They claim that … This will help the manager to take the decision and drawing conclusion about the forces that would create a big impact on company and its resources. Rare and valuable resources grant much competitive advantages to the firm. The potential factors that effects bargaining power of suppliers are the following: Realistic solution should be identified that can be operated in the company, with all its constraints and opportunities. Keywords: housing affordability, environmental sustainability… Firstly, the introduction is written. This paper situates the process of economic sustainability in the wider context of regional specialization and geographic concentration. For example, using Aquafina in substitution of tap water, Pepsi in alternative of Coca Cola. Economic Sustainability of Dry Land Use: The Case Study of Irsal, Lebanon In the case of a business operation, it calls for using resources so that the business continues to function over a number of years, while consistently returning … Case study: Caribbean Risk Management Initiative Gallery This case study is about capacity-building across the Caribbean region for the management of climate-related risk. The compatibility of objectives. the lesser money and resources are required to enter into any industry, the higher there will be new competitors and be an effective competitor. After introduction, problem statement is defined. Change in Level of customer’s disposable income and its effect. Religious believers and life styles and its effects on organization. SUSTAINABLE DEVELOPMENT CASE STUDIES (Updated 4/08) These "executive summaries" of actual attempts to pursue some aspect of sustainable development were created by the students of an undergraduate senior seminar at Colby College. (2001). Economic sustainability encompasses financial costs and benefits. If there are few alternatives o supplier available, this will threat the company and it would have to purchase its raw material in supplier’s terms. Initially, fast reading without taking notes and underlines should be done. Activities that can be determined as your weakness in the market. iv. iii. Moreover, it is also called Internal-External Analysis. The potential factors that made customer shift to substitutes are as follows: Products substitute available in the market. ". New Economics Foundation March 2001 Executive Summary Although sustainability is now generally understood to be a combination of environmental, social and economic performance, this report finds that economic sustainability is the most elusive component of the “triple bottom line” approach. ", Kyoungsun Lee & Yuri Park & Daeho Lee, 2016. sustainability, including characteristics and core issues of social sustainability in planning developments and future communities. If the goods and services are not up to the standard, consumers can use substitutes and alternatives that do not need any extra effort and do not make a major difference. In addition, the quantitative data in case, and its relations with other quantitative or qualitative variables should be given more importance. It is better to start the introduction from any historical or social context. Decisions needed to be made and the responsible Person to make decision. Best alternative should be selected must be the best when evaluating it on the decision criteria. Pest analysis is very important and informative. In this case, the customer transitioned to UV coatings technology and was rewarded with both the economic benefi ts and the sustainability of this green technology. General contact details of provider: https://www.mdpi.com/ . Copenhagen is a green city surrounded by water, parks, with climate-friendly citizens growing, just like other cities, but also facing challenges such as carbon emissions, traffic congestion, and waste accumulation. The case study presented shows how environmental aspects are affected by cost reduction in distribution to customers. Second, the Udawalawe National Park and its supply chain were used as a case study to measure the extent of locals' share in the Park's development, and to explore factors affecting socio-economic sustainability in terms of economic equity. Hence, this paper investigates the current practices in UK, USA and Australia sustainable developments through a qualitative case study analysis. if not, their reconciliations and necessary redefinition. Social attitudes and social trends, change in socio culture an dits effects. a fi nancial and technical case study on the implementation of ultraviolet (UV) coatings on cylindrical pipes. Make sure that points identified should carry itself with strategy formulation process. If the selected alternative is fulfilling the above criteria, the decision should be taken straightforwardly. Exchange rates fluctuations and its relation with company. Next political elections and changes that will happen in the country due to these elections. Downloadable! Access of competitors to the new technologies and its impact on their product development/better services. Resources are also valuable if they provide customer satisfaction and increase customer value. Following are the potential factors that will influence the company’s competition: Sustainable position in competitive advantage. Other socio culture factors and its impacts. It is very important to have a thorough reading and understanding of guidelines provided. H0: Sustainable tourism is Australia is a failure. it deals with the ability of customers to take down the prices. In addition, it also identifies the weaknesses of the organization that will help to be eliminated and manage the threats that would catch the attention of the management. This allows to link your profile to this item. First Solar: ... of the school for decades to come. Change in population growth rate and age factors, and its impacts on organization. Secondly, after identifying problems in the company, identify the most concerned and important problem that needed to be focused. After completing the analyses of the company, its opportunities and threats, it is important to generate a solution of the problem and the alternatives a company can apply in order to solve its problems. UBC SUSTAINABILITY CASE STUDY / Institutionalizing Sustainability. However, the new entrants will eventually cause decrease in overall industry profits. The main object is to analyze the implications of increasing importance of sustainable development. The former coating system utilized by this customer was based on solvent Volume 97, Issue 2. External environment that is effecting organization. Objectives of the organization and key players in this case. Activities that can be avoided for Economic Sustainability. Providing two undesirable alternatives to make the other one attractive is not acceptable. The United Nation’s Sustainable Development Goal 8 is working towards promoting fair and sustainable economic growth with full and productive employment and work opportunities for all. ", repec:gam:jsusta:v:8:y:2016:i:5:p:469:d:69883 is not listed on IDEAS, Aline Chiabai & Dirk Rübbelke & Lisa Maurer, 2010. CASE STUDY/ INSTITUTIONALIZING . You can help correct errors and omissions. SWOT for Economic Sustainability is a powerful tool of analysis as it provide a thought to uncover and exploit the opportunities that can be used to increase and enhance company’s operations. Unique resources and low cost resources company have. Then, a very careful reading should be done at second time reading of the case. This paper situates the process of economic sustainability in the wider context of regional specialization and geographic concentration. A series of case studies were conducted to investigate both international and national best practice. Prioritize the points under each head, so that management can identify which step has to be taken first. RARE: the resources of the Economic Sustainability company that are not used by any other company are known as rare. Maritime National Single Window—A Prerequisite for Sustainable Seaport Business, The Motivation of Students at Universities as a Prerequisite of the Education’s Sustainability within the Business Value Generation Context, Pursuing Firm Economic Sustainability through Debt Restructuring Agreements in Italy: An Empirical Analysis, Emilia Madudova & Tatiana Čorejova & Marek Valica, 2018. In addition, it also helps to avoid activities and actions that will be harmful for the company in future, including projects and strategies. Sustainability could be explained in many different ways. it is not possible for a company to not to take any action, therefore, the alternative of doing nothing is not viable. The objective of this case study is to improve student understanding of economic concepts such as theories of the imperfect market, demand and supply, and organizational design. SWOT analysis helps the business to identify its strengths and weaknesses, as well as understanding of opportunity that can be availed and the threat that the company is facing. All material on this site has been provided by the respective publishers and authors. It has looked for smart and practical solutions in other cities. In this model, five forces have been identified which play an important part in shaping the market and industry. 91-102. Therefore, it is necessary to continually review the Economic Sustainability company’s activities and resources values. Activities and resources market sees as the company’s strength. After having a clear idea of what is defined in the case, we deliver it to the reader. Another method used to evaluate the alternatives are the list of pros and cons of each alternative and one who has more pros than cons and can be workable under organizational constraints. CASE STUDY: SDG 8: DECENT WORK AND ECONOMIC GROWTH PROMOTING SUSTAINED, INCLUSIVE AND SUSTAINABLE WORK FOR ALL. One is duplicating that is direct imitation and the other one is substituting that is indirect imitation. The aim of this study is to determine the extent to which economic growth can be pursued while simultaneously ensuring environmental sustainability. By adopting sustainable practices, companies can gain competitive edge, increase their market share, and boost shareholder value. Bioethanol produced from cassava rhizome was found to be a better option with respect to the multi-criteria set of metrics that were employed. To make an appropriate case analyses, firstly, reader should mark the important problems that are happening in the organization. ", Roman Chinoracky & Stanislava Turska & Lucia Madlenakova, 2019. Further, the socio-economic sustainability of the case study is explored in terms local inclusiveness. Employment patterns, job market trend and attitude towards work according to different age groups. The five forces are discussed below: Vrio analysis for Economic Sustainability case study identified the four main attributes which helps the organization to gain a competitive advantages. However, all of the information provided is not reliable and relevant. Initial reading is to get a rough idea of what information is provided for the analyses. If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. SUSTAINABILITY. Therefore there must be some resources and capabilities in an organization that can facilitate the competitive advantage to company. Business and Sustainability Case Studies. to get a comprehensive picture of analyses. Case Study: Walmart Environmental Sustainability Walmart’s Environment Sustainability Progress . Strength of property rights and law rules. Fluctuation in unemployment rate and its effect on hiring of skilled employees, Access to credit and loans. Case, we encourage you to do so provide customer satisfaction and increase customer value is... Failure of analyses capacity-building across the Caribbean region for the business community, sustainability is more than a paragraph external..., after identifying problems in the market and industry manipulating different data and with. Person, his point of view on business policies and their effect on the implementation of ultraviolet UV. Paper investigates the current practices in UK, USA and Australia sustainable developments through a qualitative case is. Business policies and their effect on the organization and key players in context! 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