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Tech Trends Shaping Business Research

The barrage of new technologies that are introduced to the market, each with the promise of altering (or at least affecting) the corporate world, can easily make one numb. However, our examination of a few of the more important IT trends makes a strong argument for the fact that something important is taking place. Granularity, speed, and scale—the three key elements that have characterized the digital era—are typically being accelerated by these technological advancements. However, the extent of these shifts in bandwidth, computer power, and analytical complexity is what's creating new opportunities for organizations, inventions, and business models. Greater innovation may be made possible by the exponential gains in processing power and network speeds brought about by the cloud and 5G, for instance. Advances in the metaverse of augmented and virtual reality provide opportunities for immersive learning and virtual R&D using digital twins, for example. Technological development...
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Sustainability in North American Business Research

North America is gaining momentum on Europe in terms of corporate sustainability leadership, according to EcoVadis' sixth annual Business Sustainability Risk & Performance Index. While Europe is home to nearly half of the world's most sustainable publicly traded corporations, North American organizations are closing the performance gap at an accelerating rate, according to the research, achieving an EcoVadis sustainability rating score of 46.5, a new record for the area. Europe received an average grade of 52.1 this year. The Index is based on EcoVadis' assessment of the sustainability performance of over 46,000 enterprises from 2016 to 2020. EcoVadis evaluates firms based on 21 sustainability criteria spread across four themes: the environment, labor and human rights, ethics, and sustainable procurement. Scores vary from 0 to 100; below 25 indicates high risk, 25-44 indicates medium risk, over 45 indicates good performance, and above 64 indicates advanced. Globally, organizations made the most progress in the labor and human rights category, which encompasses employee health and safety, working conditions, child and forced labor, and diversity and discrimination. The average score for labor and human rights hit a new high of 50.7. The environment came next, with an average score of 48.2, followed by ethics, which had an average score of 44.3.

CBRE EA City Sustainability Study



The move to a low-carbon future has significantly increased the considerations and costs that real estate investors and occupiers must consider, including rules enacted by an increasing number of cities with emission reduction goals. CBRE EA believes that cities that can demonstrate climate resilience will benefit from a halo effect on property values, attracting additional occupiers who are struggling to fulfill their own net zero targets. CBRE EA evaluated 66 North American communities' resilience to climate change. Cities are rated based on their performance in terms of transition risk, physical climate risk, and adaption measures. The CBRE EA Sustainability Study offers real estate professionals insights into evaluating and benchmarking real estate markets based on these criteria. CBRE clients can contact one of the report's authors for further information about the research and the locations it evaluates. Despite these advances, organizations worldwide are failing to make progress on sustainable procurement performance, implying that many companies are unprepared to meet upcoming supply chain due diligence regulations and may be more vulnerable to supply chain challenges, according to the authors.

Is sustainability lucrative for business? What are the true business justifications for sustainability?



A profit-driven economy just cannot be sustained. Don't blend sustainability and company profitability because they are essentially incompatible. Economic efficiency (real value - use value conversion efficiency) is inherently incompatible with whole human activity efficiency (actual value - use value - effective information conversion efficiency). Getting rich fundamentally contradicts human survival. Survival means an infinite future, not a restricted future, because a limited future is no future at all. The current economy is powered by natural processes. Getting rich and profiting is a natural tendency in natural processes. All natural processes come to an end. Sustainability is the interconnectedness of processes. Sustainability can only be accomplished through rational processes inside rational social systems. The current economy is a natural process that operates within a man-made illogical social system, resulting in process-system conflict and the ruin of both natural and social systems. As a result, it is impossible to run a lucrative firm for the long term. As Einstein stated, "You can't solve a problem from the mindset that created it," therefore the problems caused by natural processes in this man-made social order cannot be solved by natural processes. It can only be solved by rational processes in a rational system. Sustainable lucrative business is a fantasy or a fiction, and it will not survive long.

For firms, the strategic value of sustainability stems from communication with and learning from important stakeholders.



Some leaders are reluctant to incorporate sustainability into their company's business strategy. They incorrectly feel that the expenses will outweigh the benefits. In fact, the exact reverse is true. A growing number of businesses recognize that long-term profitability requires sustainability. As a result, many firms, including those that have previously failed to prioritize sustainability, are making concerted efforts to minimize their carbon footprint, implement sustainable practices, and lessen the environmental effect of their business operations. Sustainability is not only good for company; it is also profitable. The idea that being environmentally responsible benefits a company's bottom line appears to contradict prevalent beliefs about the private sector and corporate profit motives. However, research reveals that making business operations sustainable is simply another way to create a better organization. Let's have a closer look. A sustainable business provides considerable competitive benefits, as Tensie Whelan and Carly Fink explain in a recent Harvard Business Review article. Companies that value sustainability engage in regular and continuing conversation with stakeholders, so a business with "a sustainability agenda is better positioned to anticipate and react to economic, social, environmental, and regulatory changes as they arise," according to Whelan and Fink.

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