Sustainability in Global Business Assignment Example | Topics and Well Written Essays - 1750 words

Sustainability in Global Business - Assignment ExampleIn global mise en scene a business should strive efficiently in order to meet triple bottom line. Sustainability piece of ass be achieved by global business if sustainability principles ar incorporated in business decision making, environmental friendly goods be supplied by firms, traditional competition is managed more efficiently and business is highly attached towards environmental principles. This study shall focus on major challenges that would be faced by firm in nearby future. It would even encompass a sustainable innovation strategy which go away help in providing competitive advantage and value in 2050 business scenario.Globalization has provided immense opportunities to many large organizations. maturement interconnectedness resulted from globalization that was highly reflected on flow of technology, information, assistances, people, goods and capital across the globe. Certain aspects of globalization will be alte red in the coming years but revolution of information technology shall carry on unaltered. The mega trend is expected to shape substantiality of a firm. Around the world developing and developed countries would gain ground from world economy gains (Andersen, 2006). Fastest growing consumer markets would initiate growth of world class multinationals. Western countries are focusing on international economic dynamism. Adaptability and accessibility of advanced technology would increase by 2050. hallucination for 2050 is to develop such business environment that can lessen the impact on environment (Bennett, 2006). Figure1 represents the cosmos growth by 2050. Macroeconomic scenario encompasses numerical GDP projections, sectorial activity, population and household income.There are 22 sectors within EU member states. These sectors comprise of 10 energy intensive industries, 3 service sectors, 6 non intensive energy firms and energy supply and agriculture sector. Figure1 states the p rojection of