Business purpose is essential with the new call for sustainability

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 42 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 63%

Ireland News News

The days of a business only needing to maximise profits are over as consumers re-invent capitalism, writes Jill Bogie

In SA we are already seeing the impact of business purpose informing business strategy, for example, with SAB and DistellIf you think technology, robotics and the Fourth Industrial Revolution are disrupters then you haven’t considered the mushrooming social revolution. As we recognise the complexities of the world around us and the opportunities the global market place presents, the only effective strategy for business is to embrace people and planet-focused change.

This approach is embodied in the words of Milton Friedman, the highly respected economist most famous for his 1970 declaration in The New York Times that “the social Despite Fortune’s wonderful coverage of the Business Roundtable’s shift away from profit maximisation, it’s important to note that this is not just a leap from a 1970s view to a 2019 wake-up moment.

World Wide Fund for Nature-SA Sustainable Seafood Initiative green-listed; caught from Marine Stewardship Council-certified fisheries; farmed by Aquaculture Stewardship Council-certified fisheries; or sourced from credible fisheries improvement projects. These examples of business purpose have the added advantage of giving people something more tangible to connect with than just a brand name; something bigger, something more important and more human.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

More renewable energy is urgent, says Business Unity SABusiness pleads with the government, saying renewable energy is the quickest way to build new capacity Don’t you mean AntonEberhard If you listen guys ngabe akunjena emzansi, nibeka ipolitiki phambili and that is bad for our country. Nazi izinja bohhhh
Source: BDliveSA - 🏆 12. / 63 Read more »

Gauteng police foil business robbery, arrest two suspectsGauteng police foiled a business robbery in Germiston on Friday and arrested two suspects who have been linked to other business robbery cases in the area.
Source: TimesLIVE - 🏆 28. / 59 Read more »

Australian talent and skills visas attract SA business ownersBook a one-on-one consultation with Sable International on emigrating to Australia
Source: BDliveSA - 🏆 12. / 63 Read more »

Change the perception of businessBusiness | We need to create leaders with foresight and depth, which might mean bravely destroying the old as we create new and better value, writes Jon Foster-Pedley.
Source: City_Press - 🏆 7. / 72 Read more »

In City Press Business: What it takes to be a millionaire; Nuclear back on the table; Taxis rev up on natural gasIn City_Press Business today: Gwede Mantashe says that coal producers need to lower their prices while the country is still dependent on coal; Taxis are converting to use natural gas which can halve their fuel bill; What does it take to be a millionaire? Is the it me or we can all seen that our government response to well established, diagnosed problem with such a surprise that you will swear, they are hearing about them for the first time even? Worse, they have been on Mars for like 30 yrs. Maybe Mantashe should look at getting rid of the whole festering rank of BEE middle men in the coal supply chain.
Source: City_Press - 🏆 7. / 72 Read more »