Innovation & Startup IIC
A sustainable business model refers to a way of conducting business that not only aims to generate profit but also seeks to have a positive impact on the environment, society, and sometimes even the economy. It's about finding a balance between financial success and contributing to a better world.
Sustainable means something is able to be maintained or kept going over a long period of time. For example, a sustainable negotiation is an action or process that can be maintained.
- The ability to use natural resources so that people in the future can continue to rely on them
- A practice that sustains a given condition, such as economic growth or a human population, without destroying or depleting natural resources, or polluting the environment
- The balance between the environment, equity, and economy