What are some of the pitfalls related to measuring progress on sustainability? How can those pitfalls be overcome?

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
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What are some of the pitfalls related to measuring progress on sustainability? How can those pitfalls be overcome?

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Definition:-

Sustainability:-

Supportable is a descriptive word for something that can be supported, i.e, something that is "endurable" and "equipped for being proceeded at a specific level". 

Explanation:-

pitfalls related to measuring progress on sustainability:-

Monetary hindrances - identified with the wellspring of budgetary intensity of the family and its level, just as the alter-ability of financial conditions. Pay and funds of family units are the main financial elements influencing the amount and nature of food burned-through. 

Time obstruction – is identified with the need to bring about higher time use in molding utilization. 

Hierarchical hindrances - happen for customers because of the should be engaged with the usage of new principles, including identified with meeting ecological, moral, biological guidelines, care for the common habitat, and so forth 

Social hindrances – identify with the presence of disappointment of family individuals to attempt new, extra exercises to serve the family unit and the need to adjust utilization. In such manner, there is a need to change individual propensities and those of relatives.

overcome from pitfalls related to measuring progress on sustainability:-

Use sustainability as a unique selling point.

Communicate differently.

Think long term.

Embed sustainability throughout the organization.

Improve management skills.

Take risks.

Disrupt old business models.

Network.

Support other Sustainable business.

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