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Essay by: Mike Shesterkin, Exec. Director Last week, we went a bit deeper into the basics of looking at the business through a systems thinking lens. This week, we’ll continue our study, but will take a diversion and examine the resources and knowledge available to us for sharpening our perspective. While we touched on the …
Essay by: Mike Shesterkin, Exec. Director Last week, we covered how it is a business fits the definition of a system and how notions of interconnectedness and emergent properties are important to grasping the business as a system. These ideas are foundational to seeing the business in terms of how it fits within the Earth …
Essay by: Mike Shesterkin, Exec. Director, SMSBF Last week, I covered the idea that sustainable business is grounded in systems thinking and an awareness of the interconnectedness of all things. Within this context, I made the distinction between what many perceive as the purpose of business – maximize shareholder value – versus the systems thinking …
By: Eileen Gao, SMSBF Intern An avalanche of issues has collapsed on the United States—just a sample of The Atlantic’s recent headlines include: “America Should Prepare for a Double Pandemic”, “A Lot of Americans are About to Lose Their Houses”, and “First Comes Police Reform, Then Comes Everything Else”. These issues have flooded my social …
New Year’s Eve is just two weeks away! Time seems to fly now, more than ever before. This may not be such a good thing, but at least there’s an explanation for it. Many of us consider being busy a status symbol, and just as many of us are simply addicted to busyness. While this …
Image: Photo by Alex Brisbey. There are some incredible companies in Detroit that embody Triple Bottom Line (3BL) business practices. The three businesses below use found or donated materials to create one-of-a-kind products; the result is lower demand for new materials, which in-turn reduces the business’s impact on the environment. Perhaps even more important, these …
Sustainability is the foundation of the Southeast Michigan Sustainable Business Forum’s vision and we hope to help local businesses incorporate it into their work by using a Triple Bottom Line framework. A Triple Bottom Line framework is a process by which nonprofits, companies, organizations, and/or business manage their financial, social and environmental risks, obligations and …
Thinking of the economy as circular instead of linear is key to implementing sustainability into your business practices. In a circular economy, we keep resources in use for as long as possible, getting the maximum value from them whilst in use, then recover and regenerate products and materials at the end of its life. Meanwhile …
Have you ever tried to make a list of everyone that affects or is affected by your company? It can be quite a daunting task; but, one that can greatly impact your success. Identifying stakeholders in a company or a specific project will allow you to holistically analyze your goals, needs, and challenges and make …
Who Are Your Stakeholders? Identify, Prioritize, and Engage Read More »
How can we solve today’s problems in a way that continues to provide for a better tomorrow and years to come? Triple Bottom Line sustainable business practices were originally proposed as a complete system change to the way we measure success in business. Throwing out the numbers-only driven approach of capitalism, TBL embraces three core …
