The leadership of sustainability is an emerging issue in Fortune 1000 companies, and 70% of these companies have indicated that they intend to increase their investments in sustainability over the next five years.
The implications of this trend are that business leaders have begun to understand the importance of sustainability as well as how its integrated implementation can offer both a competitive advantage and a new host of unforeseen benefits. Many of the current sustainability management practices have set the foundation for the next phase of sustainability, which is restorative management.
While sustainable organizational practices contribute to thriving, restorative management requires managers to become aware of the value basis of stakeholder interactions, and adapt principles that reflect changing stakeholder beliefs and assumptions.
This paper will review the principles of restorative management with special emphasis on strategies that can be used to adopt these principles in business organizations. Core competencies that are required for restorative management are described, and key assumptions necessary to move beyond sustainability management are defined.
Prof Anton Camarota, University of Denver, United States of America
“Taking Care of Business: Sustainable Transformation’ Conference on the Gold Coast in September 2011. Join the Australian and International sustainability business community as they gather at this key industry event.
