Creating the Sustainable Value in Digital Business

Creating the Sustainable Value in Digital Business
What is the rationale for creating the sustainable value in digital business?
Before delineating the rationale for creating sustainable value in digital business, it is necessary to recognize the sustainability aspect of doing business. In the contemporary business environment, there is the need for digital businesses to advance sustainable development goals via designing technologies’ deployment that create, utilize, transmit, and source electronic data. The primary rationale for digital business to create sustainable value is the increased industry pressure to utilize sustainable practices. A recent survey by The MIT Center for Transportation & Logistics and the Council of Supply Chain Management Professionals indicated that 46 percent of the 1,128 study respondents noted that they felt increased pressure from external stakeholders to implement sustainability practices (Columbus, 2020). Exhibit 1 below shows captures the need for firms to capture sustainability practices in the digital businesses’ applications to enhance transparency in processes.
Exhibit 1: Businesses feel the from external stakeholders to adopt sustainable practices (Columbus, 2020).
What the Paths? e.g., awareness, contents?
The paths to generating sustainable value for digital business include ensuring environmental protection, social equity, and economic viability. The environmentalist path recognizes the role digital business play in preserving the world to ensure human evolve and survive, including the attainment of today’s livelihoods without compromising the survival...