Organizational Insights, Challenges and Impact of Sustainable Development in Developing and Developed Nations

Abstract

While developed nations can fully explore various sustainable business models to achieve sustainability, this might not be easy for developing nations because of poor governance systems, characterized by inequality, patronage, and corruption and other challenges. This chapter evaluates organizations as developing and developed nation blocs by first providing insights on how organizations can contribute to the social and environmental sustainability, and second, by highlighting the challenges and approaches for sustainable development. The chapter further unravels the potential for both blocs to grow and achieve sustainability through technology and innovative strategies alongside the opportunities offered by having fast-growing populations and natural resources. To achieve sustainability, a twofold approach comprising the 360-organizational sustainability approaches and advanced sustainability system analysis approach is used. The key societal driving forces in both blocs for exploiting sustainable business practices are governance and institutions, technology and innovation, economy and society, population and behavior, and financing for development which can unlock sustainable business opportunities for sustainable development. To address the business climate challenges, it is inferred that organizations can achieve global sustainability by integrating sustainable production and consumption, biodiversity and ecosystem services, equity and resilience sectors to attain an environmentally and socially governed systems globally.

A Comprehensive Methodology for Assessing the Impact of Smart City Interventions: Evidence from Espoo Transformation Process

“…The city of Espoo is an integrated part of the Helsinki capital metropolitan area in Finland and is located in the northern shore of the Gulf of Finland. The city covers 528 km 2 , is divided into seven major districts and has a population of approximately 280,000 inhabitants. Under the SPARCS project, Espoo is a lighthouse city, meaning that several demonstrations are taking place in three districts that are in different phases of development and construction.…”

“…According to the United Nations [1] 68% of the world's population is projected to live in urban areas by the year 2050; cities, therefore, are anticipated to face new challenges in sustainably integrating further populace, such as a lack of appropriate infrastructure for sustainable energy and automated systems, applications and commercial arrangements, digital security, network connectivity and data capacity [2]. Cities will be required to transform their infrastructures in a smarter, more efficient and resilient way so that sustainable development forms part of their long-term strategy and a better quality of life is assured to their citizens.…”

Mapping the Sustainable Human-Resource Challenges in Southeast Asia’s FinTech Sector

“…(2) Ability of HR to track and measure sustainable development performances: The impact of COVID-19 on the labor market exhibits serious ramifications regarding achieving SDGs. Although developed nations can fully explore different sustainable business models to achieve sustainability, this might not be the case for developing nations because of poor governance, which is characterized by inequality, patronage, corruption, and other challenges (Imasiku 2021). Bonding with the team in a hybrid environment is also challenging, e.g., in a hybrid workplace (on-site and remote work arrangements) and for hybrid employment (atypical and freelance workers versus full-time workers).…”

FADM: A Feasible Approach to Disaster Management

“…To overcome this major limitation the resilience‐based approaches need to be considered as an integral part of sustainable development (Lizarralde et al, 2015; Saunders & Becker, 2015; Xu et al, 2015). Sustainable development supports planning economic activities without damaging the environment (Imasiku, 2021). In this perspective, the development of sustainability‐based disaster management approaches led to studying the social, economic, and environmental impacts of a specific disaster event.…”