Sustainable management takes the concepts from sustainability and synthesizes them with the concepts of management. Sustainability has three branches: the environment, the needs of present and future generations, and the economy. Using these branches, it creates the ability of a system to thrive by maintaining economic viability and also nourishing the needs of the present and future generations by limiting resource depletion. From this definition, sustainable management has been created to be defined as the application of sustainable practices in the categories of businesses, environment, and personal life by managing them in a way that will benefit current generations and future generations.
Sustainable management is needed because it is an important part of the ability to successfully maintain the quality of life business. Sustainable management can be applied to all aspects of our business as well as our lives. For example, the practices of a business should be sustainable if they wish to stay in businesses, because if the business is unsustainable, then by the definition of sustainability they will cease to be able to be in competition.
Magath consulting services provide best practices on sustainability to corporate.