How the Corporate World Will Look in 2055 - Term Paper Example

BUSINESS SUSTAINABILITY Summary Forty years from today, the human population will increase by thirty percent. The growth is good news for businesses because they will have many new customers. These clients will want television sets, cars, homes and other commodities and services. On the other hand, the increase in population will shrink the available resources and probably change the climate. Therefore, nine billion humans will have limits in their consumptive lifestyles that are equivalent to today’s wealthy markets. The following is a scenario of how the corporate world will look in 2055 and how sustainable businesses will operate (Adams 2015). Contents Summary…………………………………………………………………………………2 Contents…………………………………………………………………………………..3 Introduction……………………………………………………………………………….4 Main Section………………………………………………………………………………4 Conclusion…………………………………………………………………………………9 Reference List……………………………………………………………………………..10 Introduction It is now 2055. The earth’s human population is more than nine billion. The world population has started becoming stable because of the economic empowerment and education of women. Besides, there is increased urbanization. More than six billion people live in cities. Humans in 2055 have the means to satisfy their basic needs. Moreover, they can live in a dignified manner and perform important roles within society (Dyllick 2015). Main Content Countries and their cultures remain diverse. However, secondary school education and connectivity across the globe have enabled people to become more aware of the realities of their world. People from all nations see themselves as one people, and this illustrates the dependence and interdependence among human beings. Conflicts, shocks, disasters, terrorism and crime are still present. However, societies are stable and can withstand such disruptions (Bocken 2015). Governments, companies, and people are more experimental, resilient, forward-looking and problem-solving. They acknowledge the fact that security is when people work together and adapt to the rapidly-changing world. The world economy looks different from how it did a century ago. The label “developing country” is seldom used because most of the markets are either emerging or established. American and Asian businesses play a crucial part in determining the standards of global trade, governance, investment, and invention. Playing alongside them are other major countries that developed economic dominance in the last century (Enquist 2015). Businesses in 2055 have to operate under multi-partner governments. The roles of nations and states have evolved. Systems of governance determine the decisions to be at the most suitable native level. States have, where essential, pooled sovereignty to control global operations and manage problems like climate, illness, water, fisheries and wars. The system encourages governance at a local level, and these help businesses manage issues such as climate adaptation change as well as getting to water and sanitation (Ibn-Mohammed 2015). The government controls the markets that companies depend on to buy their goods and services. These authorities decide and establish frameworks to encourage inclusiveness, transparency, adopted externalities and other features of sustainability. Such structures state the goals, eliminate barriers and generate a relatively competitive environment. All these factors enable businesses to innovate and produce solutions for society. For companies, the creation of a level-playing field results in real values such as the benefits of network services and the impact on the environment are standard for all competitors in the marketplace (Enquist 2015). Systems that reward businesses applaud sustainable behavior, which enables companies to deliver competitive and lasting solutions. Also, consumers are empowered to choose sustainable products in the market because they offer better value compared to substitutes. Society in 2055 prepare for and adapt to changes in climate. This adaptation results majorly from the partnerships between different communities and countries. Therefore, systemic approaches are integrated into the management of water, agriculture, forestry, energy, urban transport and communication (Enquist 2015). Initiatives to alleviate greater changes in the climate continue. As a result, damaging emissions have been massively lessened enabling a low-carbon culture that uses clean energy and resources efficiently. Also, closed-looped living designs allow people to co-exist well on the planet. This helps to drive industries to lower successfully the need for mineral extraction. These closed-looped systems render the idea of waste outdated as businesses now utilize waste as a resource or input. Consequently, waste accumulation on land, water and air becomes a thing of the past. Companies utilize used products to function once more in numerous and distinct purposes. Used products also mean that the amount of raw materials required in manufacturing new products is reduced (Aras 2015). Businesses now use materials such as waste efficiently. Concepts such as pollution and waste management that were developed a century earlier have now been realized through the sharing of knowledge and creation of partnerships. Businesses have shown massive improvements in how they consume water. They also use wastewater, energy, forest resources and agricultural outputs efficiently to enable humans move toward surviving within the planet’s carrying capacity. Governance and business responsibility have led to the complete reversal of ecosystem degradation. Businesses now value the resources from the ecosystem and manage biodiversity in a better way, enabling the prospering of societies (Sarkis 2015). The leading businesses in 2055 are those that enable community, through their company to deal with the major challenges of the world. These companies have extensively reworked their internal corporate values. Also, they have restructured their external markets in the decades leading up to 2055. This transformation has caused the collapse of many businesses that existed in the past. However, many new companies have been created. As fighters, these businesses are more nimble and skilful at interacting with different customers and associates. Besides, they are more prepared to handle rapid changes that happen on all fronts. In their operations, they have shown their proactive approach to enable the elimination of material and energy waste (Porter 2015). These enterprises have learned that this circular culture helps reduce pollution and at the same time makes them more competitive and collaborative. Businesses in 2055 still hire employees. In their staffing processes, they have trained and assisted in the development of a society that is more creative and better suited to handle the conflicting changes of creating sufficient jobs. Businesses in 2055 also realize that it is their duty to improve the productivity of labor. Training has resulted in the growth of an adequate talent pool that can implement the required changes. Enterprises also enjoy the fact that employees have evolved in that they are ready to relocate to areas with jobs (Manz 2015). The global financial crisis four decade’s back-tested people’s faith in government and business. Memories of this devastating crisis encouraged the quest by companies to renew the trust and corporation that existed between their clients and themselves. Companies in 2055 understand the factors that contribute to satisfaction in life. Therefore, they work with policy-makers to find ways of making sustainable living possible for all segments of society. At the same time, they also address human well-being and development. Businesses now involve consumer’s product development, customization, and innovation as a way towards sustainability. As a result, access to markets is made possible for groups that were previously (Luo 2015). Businesses, as well as policy-makers, formulate new products, services and policies that are based on a better understanding of human behavior. They also understand the types of tools and messaged needed to drive and influence lifestyle changes in their customers. Corporations now create products and services that assist people convert their new values into behaviors and lifestyles. To bring back the trust of the public in business and leadership, they develop best practices that encourage transparency. Companies use new media and other strategies to communicate their policies using more interactive conversations and at more levels. Therefore, businesses in 2055 learn from their neighbors and customers better than companies in the last century (Manz 2015). Real lives and existing within the planet’s limits has become more mainstream and fashionable in 2055. Businesses have universal access to technology. Also, global connectivity spreads these values to every corner of the planet, thus, encouraging more opportunities and innovations. Moreover, the existence of a world web enables businesses to learn more about the need for well-functioning societies and ecosystems including local and global citizenship. Companies learn the importance of resilience and future thinking. They also acknowledge the value of complexity and risk and how to survive in the changing world (Luo 2015). As governments begin to stress the importance of maintaining the climate, water, and other ecosystems, the place of businesses in the maintenance of them becomes apparent. Schools now use technology to assist individuals in different parts of the world to communicate and learn virtually. Also, businesses institute a new mission, which is to make sustainable living easy through solutions and products that answer the demands of customers without compromising on their quality. All businesses have now adopted the green initiative, and clients do not have to choose products based on how they are (Sarkis 2015). Businesses within the healthcare industry have implemented radical innovations as well as food technologies. This enables people to lead healthier lives and lifestyles. As a result, empathy has spread across the entire political and generational boundary allowing people to connect. Business in 2055 has been active in giving humanity solutions that address their needs as well as the needs of the environment. Besides, companies help in creating more efficiencies, increasing the value that customers get from products and services. Moreover, companies have collaborated with other players in the global economy to redefine cost and value to incorporate externalities such as the environment. Moreover, companies have become part of the public dialog on governmental and social changes. These changes are required to make societies sustainable, working beyond boundaries and creating new commerce models (Porter 2015). Developed countries have started a massive trust-building initiative with the developing world. To attain this end, developed countries have increased aid with the requirement that accountability and transparency be. Poor countries have, as a result, began trading out of poverty and started initiatives to curb the emission of greenhouses. Massive resource sharing and capacity building ensues between the developing, emerging and developed countries. These changes also enable countries of the world create better frameworks for doing business (Enquist 2015). Companies in 2055 find new avenues and opportunities to contribute to the changing corporate, political and social environment. Multinational corporations also discover ways of reaching billions of customers who in the past century were excluded from trading. Other than pursuing orthodox investing models, businesses create better partnership frameworks that allow them to engage with numerous communities. Consequently, it empowers them to build commerce and benefit from new ideas and insights from the local areas. By forming partnerships with international organizations and governments, businesses offer e-learning programs that provide training for technical jobs. Numerous concepts of work and virtual mobility offer enterprises and people choices regarding their employment (Aras 2015). Conclusion Governments increase their efforts to deliver infrastructure projects in their countries. Such efforts are in cities in which the closed-loop system is encouraged. In the towns, there is also a supply of clean energy to businesses and improved mobility. All these are part of the projects that over the decades have been used to deliver infrastructural growth in many regions of the world. As demonstrated, businesses in 2055 will operate in an environment that today can be considered alien. Reference List Adams, C. (2015). Understanding integrated reporting: the concise guide to integrated thinking and the future of corporate reporting. Do Sustainability. Aras, G. (Ed.). (2015). Sustainable Markets for Sustainable Business: A Global Perspective for Business and Financial Markets. Gower Publishing, Ltd... Bocken, N. M. P. (2015). 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