Business Strategies and Environmental Sustainability
The conceptual paper is based on ethics and social responsibility towards environmental and sustainable development. The great challenge of the twenty-first century is raising people everywhere to a modest standard of living while preserving as much of the rest of life as possible. We've reached a point where we have to end the burden we've placed on the Earth. Socially Responsible enterprises are those which operationalize their corporate responsibilities in their strategies and business practices keeping in mind better relationships with their stakeholders and focussing to maximise environmental sustainability. The concentration of the company should not only cover one aspect, but responsibility should also be applied into the core values of the company, in order to enable maximum performance. The main focus of the study is socially responsible enterprises and their responsible marketing strategies. Sustainability has always been an important concern for the manufacturing sector and consumer demand for environmentally conscious products is also increasing. A large number of manufacturers have come up with ideas to get advantage from business practices which are sustainable. Manufacturing through viable techniques will create products with the help of processes which are economical and that curtails negative environmental impacts simultaneously conserving energy and natural resources. Responsible marketing is using eco-friendly materials, using less paper, using more digital technology to save on materials and cost of delivery. Many companies have started taking "sustainability" as a very important factor while making planning and marketing strategies to elevate and increase the global market. Changes in this industry have reached well beyond the boundaries of just going "green," and now it also includes many big business houses across different industries. In today’s business world, these efforts are having significant results.