Samsung Sustainable Development Case Study

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Introduction: The concept of sustainable development, a relatively new concept has now taken action into the structure of many present day organizations. Identified as “green growth”, the formation of the Dow Jones Sustainability Index provides a platform for managers to understand what it takes to be a sustainable organization. On the subject of sustainable development, the World Commission on Environment and Development (WCED) sponsored by the United Nations published a report defining as,“Development that meets the needs of the current generations without compromising the ability of future generations to meet their needs and aspirations” (WCED, 1987). Sustainable development is composed of the following two notions. First is the idea of sustainability (to maintain), and secondly, development (to make better) (Bell, 2003). Improvement of our own lives today does not mean at the cost of damaging the quality of…show more content…
Connection between the sustainable development of the company and the people is evidently the over riding policy at Samsung as they have taken on the initiative to set up and run five social contribution activities as listed below. 1. Samsung Smart School ➢ Through the use of IT technology, Samsung contributes their resources to create an educational environment with the mentality of supporting the development of global talents in areas where individuals are experiencing regional education gaps. 2. Samsung Tech Institute ➢ Offering systematic vocational education and local employment, Samsung is assisting today in the design of mapping out the future for youth and establishing their financial independence. 3. Samsung Care Drive ➢ For the benefit of living a healthier lifestyle, Smart Healthcare System is provided to those in need and is accessible anywhere at any
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