Vol 5, No 3 (2022)

Sustainable Business Practices: Economic Implications and Managerial Strategies

Authors: Dr. Meera Chandrasekhar, Mr. Raghav Sharma

Abstract: Sustainable business practices have become central to long-term corporate success and economic stability. This paper examines the economic implications of adopting sustainability in business operations and explores managerial strategies that enable organizations to integrate sustainable practices effectively. Through a comprehensive review, the study highlights how sustainability influences cost structures, competitive advantage, stakeholder relations, and corporate governance. It also evaluates the challenges and opportunities associated with the transition towards sustainable business models, concluding with recommendations for successful adoption.

Keywords: Sustainable Business Practices, Economic Implications, Managerial Strategies, Corporate Governance, Competitive Advantage

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