Abstract
The study comprehensively analysis going green policy as a tangible approach to achieving sustainable development in any enterprise. Although business is conducted for profit motive sustaining the profit and enterprise competitive advantage is mainly related to an enterprise vision and values that incorporate in their management policies, hence the study analyzes the complex structure that related to sustainability and policy through causal loop diagram (CLD) of system dynamics and put forth capability advancement for sustainable development policy initiatives. Finally, the growth strategy and future scope of the study is discussed.
Highlights
Business along with responsibility towards employees, customers, operating environment, and ecology is considered as a sustainable enterprise
The corporation's profit, competitive advantage for gaining long-term profit will become meaningless if the business demand more compromises than the sustainability expect from organization strategy (Reinhardt, 2000)
Based on the above literature, sustainable enterprise perspective towards resource-based view is that to gain the competitive advantage over the competitor is gaining the knowledge of resource available, working towards increasing the shareholder fund and increasing the intellectual resource of corporations workforce that provide the sustainability of competitive advantage
Summary
Business along with responsibility towards employees, customers, operating environment, and ecology is considered as a sustainable enterprise. The traditional way of approaching profit of business through financial return is substituted by stakeholders engagement along with fulfilling stockholders design. The corporation's profit, competitive advantage for gaining long-term profit will become meaningless if the business demand more compromises than the sustainability expect from organization strategy (Reinhardt, 2000). Sustainability plays a vital role in providing a going green strategy to enterprises that will provide a competitive advantage. Many businesses are pursuing sustainability for a variety of reasons (Landrum, 2017) such as customer satisfaction, shareholder profit and other values that linked towards the vision policy of the firm. Though the philanthropic approach exists with the firm framework of any firm's policy guidelines, it is always important to insist need of going green
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