An Impact of Sustainable Development on Business Environment and Economic Status
Dr. Suhasini Parashar
Associate Professor Department of Business Administration
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http://doi.org/10.37648/ijtbm.v15i02.007
Abstract
Sustainable development increases benefits related to quality of environment, social equity and social justice, accelerate economic growth in quantitative term (National Income increases) and qualitative term (socio- economic development Per Capital Income, Literacy, Standard of living, infrastructure facilities) and preservation of natural resources for future generations. Sustainable development is achieved through effort of many sectors- agriculture, manufacturing, services, business, individuals and by the Government in terms of economic status. Sustainable Business Management development is through continuous innovation in product quality and brand loyalty by using quality material, advanced technology for welfare of masses. It brings transformation into the world economic condition by providing good product for customer satisfaction . Business Management is an effort to grow profit continuously by entrepreneur and facing the competition in the market. Sustainable development is development that meets the current needs of people and demand for products by future generation .The Sustainable Development Goals (SDG) are achieved with five pillars- planet, people, partnership, prosperity, peace. The focus of this article is on to bring transformation in economy by sustainable development goals (SDG) to eradicate poverty and equality, protect the planet and ensure that all people enjoy good health, prosperity with the effort of people to contribute for economical status upgrade as well as business profit increase in economy .
Keywords: Development; Energy; Growth; Innovation; Management; Sustainable
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