A sustainable business is one that can operate over the long term while caring for the environment and society. To achieve this, knowledge of managing physical resources and technology resources must be applied together in real operations.
Combining both resources
Physical and technology resources complement each other. A machine (physical) fitted with a smart sensor (technology) can be monitored remotely, while the data collected helps plan maintenance and raw-material purchases. Applying them together reduces waste and saves cost.
Example
A vegetable farm uses a software-controlled automatic irrigation system. Water and fertiliser (physical resources) are supplied only when sensors detect the need, cutting waste and making the farm more sustainable. Saving several hundred litres of water a day also lowers the farm's monthly utility bill.
Applying it toward sustainability
Wise management supports sustainable development through steps such as recycling materials, using energy efficiently, and digitising records to reduce paper use. This saves cost while lowering the harm done to the environment.
Benefits to the business
When physical and technology resources are managed in an integrated way, the business enjoys lower operating costs, consistent quality and a good reputation. Together these three factors allow it to keep growing in the future.
Social responsibility
A sustainable business also considers the welfare of society. By managing resources responsibly — such as reducing carbon emissions and providing a safe workplace — the business builds customer trust and contributes to the development of the local community.
Key idea
Integrated application: combine physical and technology resources to cut waste, save energy and cost, and protect the environment — this is the basis of a sustainable business.