The Incompatibility Between Economic Sustainability And...

The incompatibility between economic sustainability and ecological sustainability is a contentious issue, specifically within the area of politics, technology, society, financial economies and environmental issues. When discussing such a matter the terms, sustainability, economic sustainability and ecological sustainability should be defined. Sustainability: the equality of environmental, social and economic necessities between today’s generation and tomorrow’s generation. Economic Sustainability: the employment of various strategies to the use of resources so that a long term beneficial balance can be achieved. Ecological Sustainability: the ability of the environment to meet the necessities of the present generational society, without causing repercussions for future generations meeting their necessities using natural resources. When focusing on the incompatibility between economic and ecological sustainability, the issue of enlarged market product food production, increased emissions, large scale farming, income inequality, growth, demand and consumption surround the concept of sustainability regarding issues of population, affluence and technology. Ecological impact is the product of population, affluence and technology and therefore, the IPAT (environmental impact (I) is the product of population (P), affluence (A), and technology (T)) formula or theory can depict the incompatibility of these elements when concerning ecological sustainability. In order for economicShow MoreRelatedThe Key Drivers Of Business Sustainability Essay1779 Words   |  8 PagesEcological collapse is probably one of the, if not the biggest problems facing today’s world and it is now commonly agreed upon that we are in its first stages. Since the end of the Cold War and the collapse of the Soviet Union and the communist bl ock, the economic system known as Capitalism has reigned supreme. There are those that believe that under this specific economic system an Ecological catastrophe is unavoidable arguing that Capitalism is only concerned with economic growth at the expenseRead MoreBusiness Management Change8228 Words   |  33 Pagesaffairs and increasingly establish self managed teams. This encourages teamwork and a sense of belonging which can transfer into higher productivity or profits. * Teamwork = having common goals rather than individual goals eliminating competition between staff. This creates a sense of belonging. * Complex Problem solving and Decision Making = must be able to define a problem, generate alternative solutions, evaluate and select one alternative and then implement and follow up on the solution. Read MorePure, Hybrid, Stuck-in-the-Middle Strategies10599 Words   |  43 Pagesby one of the three types of generic strategies outlined by Porter, i.e. cost leadership, differentiation and focus (Bantel and Osborn, 1995; Dawes and Sharp, 1996; Kotha and Vadlamani, 1995; Miller and Dess, 1993); b) the compatibility or incompatibility between these strategies (Hill, 1988); and c) the convenience of combining these strategies for 1 the purpose of improving the organisation’s performance and better adapting to the demands posed by the environment (Allen and Helms, 2006; MillerRead MoreAlternative Dispute Resolution Mechanism21967 Words   |  88 Pages26 26 27 29 29 30 31 31 33 33 36 37 40 ALTERNATIVE DISPUTE RESOLUTION APPROACHES AND THEIR APPLICATION Alternative Dispute Resolution comprises various approaches for resolving disputes in a non-confrontational way, ranging from negotiation between the two parties, a multiparty negotiation, through mediation, consensus building, to arbitration and adjudication The article introduces the key skills required, with particular attention to their important role in the process of negotiation and mediationRead MoreStephen P. Robbins Timothy A. Judge (2011) Organizational Behaviour 15th Edition New Jersey: Prentice Hall393164 Words   |  1573 PagesComplementing Intuition with Systematic Study 11 Disciplines That Contribute to the OB Field 13 Psychology 14 †¢ Social Psychology 14 †¢ Sociology 14 †¢ Anthropology 14 There Are Few Absolutes in OB 14 Challenges and Opportunities for OB 15 Responding to Economic Pressures 15 †¢ Responding to Globalization 16 †¢ Managing Workforce Diversity 18 †¢ Improving Customer Service 18 †¢ Improving People Skills 19 †¢ Stimulating Innovation and Change 20 †¢ Coping with â€Å"Temporariness† 20 †¢ Working in Networked Organizations