Meeting challenges for sustainable business Essay

Meeting challenges for sustainable business - Essay Example The success of any business requires a vast wealth of resources such as labor, capital and land. The environment on which the business is founded critically dictates on the course the business is likely to take when it comes to success The political atmosphere in any country has a direct influence on the sustainability and flourishment of any business. A politically conducive environment is likely to attract investors from other countries and continents thus bringing a fresh perspective in the face of the country’s development. These investors play a very important role in adding something to the current resource pool of the country they are investing in. Before starting a business venture, one should critically study and scrutinize the economic status of the country. Some countries might be experiencing resource constraints and also harsh environmental conditions. Consequently, innovative solutions to these shortcomings should be put in place in order to deal with these chall enges for the business to thrive. Sustainable strategies There are several sustainable strategies that have adopted in order to improve the economic development in Nigeria and further enhance the development in 2053 and also future generations. There should be new legislations in 2053 put in place to boost the economic sustainability of the oil industry in Nigeria (Hawken, Amory, Lovins and Hunter 2010). The business targets to obtain oil booms from other nations which give impetus to the business in its efforts to become sustainable in 2053. Technological advancement in reducing the emission of gases should be put in place in order to create an eco-friendly ecosystem. Sustainable development shows a link of environmental protection with economic development. The business aims to use its innovative technology in 2053 to produce less polluting fuel alternatives thus avoiding stiff competition from other businesses therefore salvaging the market for future prospects. Production of eco -friendly oil products gives a competitive advantage thus contributing to the sustainability of the business (Roome 1998). The business plans to embark on the use of computers to immediately detect leakages of oil pipes in 2053. This avoids losses through leakages while protecting the environment. Development in infrastructure is among the business’s strategies in 2053 to ensure adequate delivery of the products (Bouyssou, Dubois, Rade and Pirlot 2010). Protection and preservation of oil reserves is encouraged for the sustainability of the business in 2053.The oil reserves in Nigeria can meet the fuel demands for Nigeria and her export market. This assures that the business venture can be feasible. Impacts of environmental limitation Oil spillage can pose serious effects to the environment and therefore hamper the business from becoming sustainable in 2053. This spillage has an effect on the ecosystem. For instance, the Nigerian mangrove trees have been destroyed by oil spill age (Carlin 1994). Aquatic life is at greater risk due to oil spillage causing death of fish leading to a reduction in their population. This affects the food chain for future generations in 2053 and loss of biodiversity. The human life is endangered when man consumes water that has been contaminated with oil. This causes death thus reducing human labor which directly impacts business sustainability in 2053. Natural gases flared during oil extraction in Nigeria release a lot of methane gas which causes climate change. Carbon dioxide produced causes global warming leading to adverse climatic patterns. Any business that