In today’s class we learned about the problems we face in society, especially as we consume our precious resources. I find this topic very interesting especially when it comes to competitive advantages.
For instance, in the Department of National Defence, we have created a “greening” policy to ensure that our procurements (purchases) take into consideration “green” practices. Click here for a link to the policy. The interesting thing is that this policy extends from the identification of a needed material (such as a new piece of equipment or even spare part) to the disposal of that piece of equipment. Our greening policy provides a competitive advantage as it ensures that when we make a purchase, we look at using the least amount of material, as well as environmentally friendly material which often results in cheaper contracts with industry and savings to the government. Note: from the DND policy link you will find the policy for green procurement for all purchases at the Public Works website.
Finally, I thought that you would also be interested to see how some corporations are turning sustainable development into a competitive advantage. The following article provides 50 examples on how businesses such as Wal-mart, GE, Star-TV, and many other have turned to greener operations, which for many has yielded greater returns. My favorite is #14, which talks about how Coors created a process to transform 3 million barrels of waste beer into 200-proof ethanol, which is used to fuel cars in Colorado. Now that’s something to drink to!!