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Economic Sustainability

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Definition/Description The definitions of economic sustainability are various depending on the approach and sustainability label used. In the inside approach, economic sustainability is interpreted either from the perspectives of very weak or weak sustainability. The former stresses how organizations stay in business looking at the issues of corporate turnover and brand reputation and considering these to be at the heart of economic sustainability (Doane and MacGillivray 2001). The latter links the concept with productive efficiency and economic growth (Foladori 2005). Within a business context, this means using the assorted assets of the company efficiently to allow it to continue functioning profitability over time (BusinessDictionary 2018). Economic growth may take place at the expense of natural resources, ecosystem services, or welfare if the total capital stock is maintaining through time (Turner 1993). In the outside approach, it is looking first at the economic impacts an organization has on society emphasizing thus strong sustainability position. Economic sustainability is understood as economic development without any loss of ecological or social sustainability. Economic capital cannot grow at the expense of natural or social capital. Economic sustainability means the allocation of resources over time (Markulev and Long 2013) and also intergenerational equity (Anand and Sen 2000). It emphasizes a production system which offers the highest level of well-being for current and future generations (Markulev and Long 2013) without compromising future needs (Basiago 1999). Economic sustainability, as one of the sustainability pillar (Elkington 1994), is necessary to maintain the natural, social, and human capital required for income and living standards.
... The term "environmental" is almost always used in reference to human interactions with ecosystems. It appears appropriate to see "environmental" as a part of the broader notion of "ecological," that is, as the intersection of natural processes and human activity, in order to increase certainty (Jeronen, 2023). Hence, environmental sustainability could be defined as a condition of balance, flexibility, and interdependence that enables human society to meet its demands without exceeding the ability of the ecosystems that sustain it to continue producing the services needed to do so (Jeronen, 2023). ...
... It appears appropriate to see "environmental" as a part of the broader notion of "ecological," that is, as the intersection of natural processes and human activity, in order to increase certainty (Jeronen, 2023). Hence, environmental sustainability could be defined as a condition of balance, flexibility, and interdependence that enables human society to meet its demands without exceeding the ability of the ecosystems that sustain it to continue producing the services needed to do so (Jeronen, 2023). An environment is considered sustainable nowadays if it leaves the planet in a more productive state or better for generations to come (Boström, 2012). ...
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The possibility of seeing modern-period structures starting from the 1900s in countries with different cultures in the world. Investigating the architectural criteria for residential buildings constructed between 1910 and 1940 in various nations in compliance with modern architectural approaches and sustainability parameters is the main objective of this study. The 3 residential buildings investigated within the scope of the research were assessed based on economic, environmental cultural, and social, sustainability parameters. A methodology regarding theoretical and analytical approaches was applied within the scope of the study. The collected data were evaluated regarding sustainability parameters, function, construction, and form of selected modern period houses in the framework of sustainability parameters and modern architectural approaches. Within the residences under analysis, Functionalism De-Stijl, International Style, Cubism, and Purism approaches arise as architectural criteria. In the context of the research's outcomes, it has been showed that the parameters of sustainability that appeared in the modern period are directly connected to the principles, ideas, and approaches of the modern period. In this regard, modern architectural criteria should be included in and implemented in today's sustainable designs. Considering the criteria and approaches that emerged in the modern period, it is aimed to contribute to the literature by applying sustainability parameters in residential buildings to be designed today.
... Social sustainability, however, can only be fully addressed with considering its close ties to economic sustainability (Hariram et al., 2023). Over the past decades, our world has predominantly focused on "economic sustainability (Jeronen, 2023). Although this approach has provided widespread material well-being in some parts of the world, a significant portion of the global population still struggles to make ends meet (Lavell et al. (2023). ...
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Purpose This paper aims to systematically review the constructive effects of digital transformation (DT) on social sustainability, examining its impact across democracy and governance, social cohesion, quality of life, equality and diversity. It emphasizes the need for appropriate frameworks that incorporate DT strategies in organizational practices to improve social sustainability. Design/methodology/approach A systematic literature review was carried out through Web of Science and Scopus databases to identify the distinctive papers that explored the impact of DT on social sustainability. It analyzes how various digital technologies, like Internet of Things, cloud computing and mobile computing, can be strategically embedded in organizational practices to optimize social sustainability outcomes. Findings This study reveals that although DT significantly enhances operational capabilities and consumer experiences, its integration into social sustainability practices is often overlooked. It proposes a novel framework that aligns digital capabilities with sustainability goals, aiming to enrich organizational performance and societal welfare. This paper identifies dynamic capabilities as crucial for sustaining competitive advantage in a digitally transformed business landscape. Research limitations/implications The primary limitation is the reliance on secondary data, which may not fully capture the rapid advancements in DT. Future research should focus on empirical studies to validate the proposed framework and explore the dynamic capabilities required for integrating DT in social sustainability practices. Originality/value This study extends the discourse on DT by linking it explicitly with social sustainability, presenting a structured analysis that highlights the need for strategic integration of digital technologies within organizational sustainability practices. It fills a gap in the literature by proposing a comprehensive framework for organizations to follow, thereby contributing to the theoretical and practical understanding of DT’s role in enhancing social sustainability.
... The incorporation of sustainability into academic excellence and institutional responsibility reflects a broader trend in society that values this principle. This trend emerged from several events that culminated in the adoption of a global sustainability agenda and the strengthening of the concept of sustainable development (Jeronen, 2023). The movement toward sustainability was further boosted with the adoption of the Sustainable Development Goals (SDGs) by the United Nations General Assembly in 2015 and the established 2030 Agenda. ...
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