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
72 September 2021