Glossary:
27. Developing Strategic Business Models and Sustainability Integrating Sustainability into the Strategy and Business Model
| Term | Definition |
|---|---|
Business | The activity of producing, buying, and selling goods or services. |
Business Models | Representations or structures used to understand or simulate real-world phenomena. |
Challenges | Difficulties or obstacles that require effort to overcome. |
Management | Management is a process on how businesses organise, plan, lead and control resources to reach its goals efficiently and effectively. |
Strategy | A plan or approach designed to achieve a specific objective or goal. |
Sustainability | The ability to meet the needs of the present without compromising the ability of future generations to meet their own needs. |
Sustainable Development Goals | Global goals set by the United Nations to address social, economic, and environmental issues that address the needs of the present without compromising the ability of future generations to meet their own needs. |
Sustainable Management | An approach to management that considers the social, environmental and economic aspects in the short, medium, and long run. |
