Research Centre of Excellence for Sustainable Development
(Department of Management)
Amidst multiple reports of climate change, growing disparities, volatile markets, food and water shortage, health and sanitation concerns, our world faces an enormous challenge of balancing the needs of the society, the environment and the economy. As a socially responsible organization, we at DME, aspire to generate awareness and action on sustainable development practices. The Centre aims at pursuing research and formulating practical solutions for the adoption of sustainable management practices so as to strive towards sustainable development.
Vision and Mission
- Vision Statement: To emerge as a platform for promoting sustainable development practices in the society.
- Mission Statement: To Protect Mother Environment for posterity through sustainable development practices
Scope of work
- Capacity Building
- Advisory Group
- Advocacy Group
- Publications emerging out of these activities
Current research area
Title- Sustainable Development and Applications in Management: An Indian Perspective
Part A: Introduction to Sustainable Development
The sole objective of operating a business organization, in earlier times, was to earn profits. This ideology has witnessed a change in recent times owing to a complete neglect of its impact on the society. The long term sustainability of any business organization depends not just on its ability to reap profits but also on its ability to contribute towards the sustainable development of the society. According to the WCED (World Commission on Environment and Development) or the Brundtland Commission, commission, sustainable development is defined as, ‘… development that meets the needs of the present without compromising the ability of the future generations to meet their own needs”, (Our Common Future, 1987). To achieve profits, the companies need to take account of the negative externalities imposed by them on the environment and the society. The minimization of such negative externalities needs to be ensured by such business organization. Steps to protect the planet viz., reduction of income disparities, equitable distribution of resources, increasing well-being of the people, good health status of the working population, etc will in turn enable the successful and long term operation of the business. In the light of the above points, 17 SDGs (Sustainable Development Goals) have been adopted by the United Nations in September 2015. Similar underpinnings can be extended towards the discipline of Management.
Part-B: Applications in Management
Chapter 1: Marketing Management and Sustainable Development
All stakeholders play a unique role in the success of the organization, the customers allow sustenance and survival, partners enhance quality of products and services,. Responsible consumption and marketing policies and practices must be fostered by organizations in order to incorporate a sustainable development approach in its efforts.
Chapter 2: Human Resource Management and Sustainable Development
Organization utilizes employees to achieve its business goals. With the growing importance of sustainable development, organization must develop HRM policies in line with the seventeen sustainable development goals (SDGs) framed by United Nations. Organizations must strive towards greater diversity and inclusion to reduce inequalities, better programmes for employee health and well-being, dignity of labour, etc.
Chapter 3: Information Technology and Sustainable Development
Information technology and digital platforms have revolutionized the society and workplaces. The rise of E-commerce, the increasing use of automation, adoption of smart technologies, all must take into account sustainable development practices.
Chapter 4: Finance and Sustainable Development
Finance with sustainable development will focus on mobilization as well as parking of funds into sustainable areas. Some relevant areas of research would be green stocks, Greenex, corporate social responsibility, electronic processes, digital economy and financial inclusion. It will also cover funding for meeting sustainable development goals.
Chapter 5: Economics and Sustainable Development
Sustainable development focuses upon economic growth and development along with responsibility towards Environment. The industrial development in countries often results in an adverse impact on the environment.
Chapter 6: Operations Management and Sustainable Development
Operations Management is concerned with efficient conversion of raw materials into final goods and services and maximizing profits for the organization. The firm should emphasize on sustainable operations. Sustainable Operations deals with Sustainable Product Design, Green Product and Process Development, Business Process Reengineering (BPR), etc
Chapter 7: Entrepreneurship and Sustainable Development
Entrepreneurship through innovative products and processes, new ventures could be a panacea for various social and environmental concerns. The focus areas here would be non- conventional sources of energy, innovative technology, clean energy, waste management, recycling of waste materials, sustainable products, green products etc.
Conclusion & Policy Recommendations:
Research in different areas of management shall help in the development of policy recommendations in the management discipline. These recommendations may help industry practitioners in adopting sustainable management practices in all areas of operations.