The current developmental scenario envisages growth in a sustainable manner by transcending the principles of sustainability across different sectors. Innovation in entrepreneurship and management practices, leading towards the circular economy has come into currency among academia, industry, and policymakers with an over-arching objective of addressing environmental problems through trans-disciplinary research. Accordingly, there is a need to address the conceptual relationship among entrepreneurship, management, circular economy, and sustainability to understand the perceptions, opportunities, and challenges ahead.
Today’s world faces significant challenges. There are numerous ways that businesses are responding to these challenges. Some organizations are tolerant to deteriorating economic, environmental, and social conditions and are sailing through the decline by adapting to limitations. Other organizations respond to the need to make choices between what is apt for the environment and society or doing what is best for the economy. However, there are more innovative, proactive responses, including ones that champion business as a force for positive societal change.
About The Business School, University of Jammu University of Jammu is one of the India's prestigious universities with its commitment and focus on its core functions of teaching, research, publication, examination and extension. Accredited with A+ grade by National Assessment and Accreditation Council (NAAC) and ranked amongst top 100 universities of the country by NIRF-HRD, 2017. The university embraces various departments with The Business School as one of the leading departments. The Business School (SAP DRS-II Department) has successfully made its mark in the field of management education and has earned prestigious credentials from various pioneer agencies.
India is growing at a rapid rate, and the entire world is expecting India to be one of the fastest growing economies. However, Growth is not uniform across sectors; the growth has been uneven and often accompanied by income inequality and this gap between rich and poor leads to unbalanced social development. In today’s Emerging Market Economies inclusive growth has become the need of the hour. Inclusive growth means a fair allocation of resources with benefits to every section of the society. Indian policymakers have shifted their attention from growth to inclusive growth, and this is highlighted in the 11th and 12th five-year plans. Prime Minister Narendra Modi’s Independence Da
y speech promised a new foundation for a more inclusive India — socially, economically and politically. Inclusive growth includes overall growth and the critical elements of inclusive growth are poverty reduction, employment generation, agricultural development, Social Sector Development including securing social Justice, Equal distribution of Income, Environment protection, reduction in regional disparities and industrial development.
The past few decades have been extremely difficult for maintaining a balance between growth, globalization, governance, and environmental sustainability. The world's GDP has increased, leading to economic growth, poverty alleviation, increased food security and improved health standards on one hand however, on the other hand this economic expansion and business growth has come at a heavy price to the planet. The diminishing natural resources, climatic changes and many more unprecedented changes are major hurdles for sustainable growth.