Page 74 - Management Digest Udyama Vol 1 Isuue 2
P. 74

It was the experience over the   the sustainability initiatives has
            last decade that Eco-innovation   delayed the implementation of
            is a tool better understood     such activities. Similarly, the
            and implemented by business     lack of awareness by financial
            students than engineering or    and accounting people has a
            science students. The tools used   negative impact on investment
            such as business model canvas,   financing of the sustainability
            SWOT analysis etc., are more    initiatives.  Hence the inclusion
            familiar for business students,   of Sustainable development to
            and the knowledge in supply     the curricular of business degrees
            chain management, and strategic   will help future managers to
            management will be useful       easily comprehend the value
            in implementing such tools      and benefits of the sustainability
            successfully.                   function.

            Environmental Management        In a nutshell, sustainable
            Accounting is also getting      development has to be strongly     Samantha Kumarasena
            widespread in the corporate     backed by top managers and must    Chief Executive Officer
            sector, and the accounting and   be rooted in all the functions and   National Cleaner
            financial people have to handle   departments in organizations. In
            the implementation of the tool   this context, the role of the people   Production Centre
            at the organizational level.    occupying the non-technical              Sri Lanka
            NCPC Sri Lanka also conducted   managerial positions must have
            capacity building in this tool with   had their quality education
            international resource persons   in the subject of sustainable
            more than 15 years ago, engaging   development.
            the academics and practitioners
            of the fields of financial
            management and accounting. It
            was realized during the process
            that the capacity development of
            future Accountants and financial
            controllers is very important for
            the successful implementation of
            such tools.
                                                            Sustainable development
            Therefore, under the changing
            circumstances in the sustainability             has to be strongly backed
            field, the current trend is
            embedding sustainability in the                    by top managers and
            core of the business operations.
            Hence the business managers                     must be rooted in all the
            have the main responsibility to
            perform the function.                          functions and departments

            In addition to that, the                              in organizations...
            contribution of the non-technical
            managers for the implementation
            of the traditional sustainability
            tools, which are applicable at
            the operational level also a vital
            requirement. Most of the top
            managers in the corporate sector
            are non-technical managers, and
            the lack of understanding of them
            on business benefits of



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