Creating Sustainable ValueJust as the creation of shareholder value requires performance on multiple dimensions, the global challenges associated with sustainable development are also multifaceted, involving economic, social, and environmental concerns. Indeed, these challenges have implications for virtually every aspect of a firm's strategy and business model. Yet, most managers frame sustainable development not as a multidimensional opportunity, but rather as a one-dimensional nuisance, involving regulations,...
Stuart L. Hart and Mark B. Milstein, “Creating Sustainable Value,” Academy of Management Executive, 2003, pp. 56-67.