What if businesses could both make money and do good through the same actions? Businesses leaders who subscribe to the idea of corporate shared value believe they can. Many proponents even say it redefines and revitalizes capitalism. Michael Porter, a professor at Harvard Business School, and Mark Kramer, managing director of the global social impact consulting firm FSG, kicked off the corporate shared value trend in 2011 with an article in Harvard Business Review. Corporate Shared Value (or Shared Value) is a new generation business thinking which enhances the competitive position of the company while at the same time advances … Continue reading →
The 21st century is characterized by a number of global environmental challenges that shaped and defined the discourse and agenda of the West with respect to the developing world, specifically the Islamic world. Islam provides new sustainability perspectives for discovering and explaining the root causes for the current environmental, economic and social crises as manifested in climate change, HIV, poverty and human security. For example, the Islamic perspective on climate change is that the root cause of this global issue is the absence or lack of human stewardship and is an indication of market failures. Pitfalls of the Western Model … Continue reading →
Sustainable development is a pattern of growth in which resource use aims to meet human needs while preserving the environment so that these needs can be met not only in the present, but also for generations to come. Arab world is facing major sustainability challenges in achieving social, economic and environmental goals. Extremely arid climate, acute water scarcity, high energy consumption and polluting oil and gas industry present a unique challenge in Arab countries. There are four major dimensions of sustainable development – social, economic, environmental and institutional. Social Availability of energy has a direct impact on poverty, employment opportunities, education, demographic transition, indoor pollution and … Continue reading →
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