THAT IN EVERY PROFESSION THE FORTUNE OF EVERY INDIVIDUAL SHOULD DEPEND UPON HIS MERIT, AND AS LITTLE AS POSSIBLE

UPON HIS PRIVILAGE, IS CERTAINLY FOR THE INTEREST OF THE PUBLIC

Adam Smith, Letter to William Cullen, September 20, 1774.

RATIONALE FOR A FRAME WORK

SITUATION FACED BY THE INDUSTRY: PROLIFERATION IN: TECHNOLOGY, SOCIAL DILEMMA, ENVIRONMENTAL PROBLEMS, NEW REGULATIONS & EFFECTS OF GLOBALIZATION. HENCE, THE NEED OF A FRAMEWORK FOR MAKING SENSE OF WHAT IS HAPPENING SO AS TO FORSEE CHANGES AND TAKE PRE-EMPTIVE ACTION.

POINTERS
A FRAMEWORK CAN NEVER ENCOMPASS EVERYTING THAT IS NEEDED TO BE SUCCESSFUL AND IT CANNOT BE A CRYSTAL BALL. A FRAMEWORK SHOULD ALLOW AN ORGANIZATION TO SEE THE WORLD AS A WHOLE SYSTEM, REVEALING THREATS AND OPPORTUNITIES. A FRAMEWORK MUST ENABLE AN ORGANIZATION TO SEE RELATIONSHIPS BETWEEN SOCIAL, ECONOMIC AND ENVIRONMENTAL TRENDS. THIS IMPROVED FORESIGHT CAN PREVENT UNFORTUNATE SURPRISES AND UNCOVER PREVIOUSLY UNRECOGNIZED OPPURTINITIES.

EXPECTED BENEFITS FROM A FRAMEWORK

REDUCTION IN ENERGY, WASTE AND COSTS. DIFFERENTIATION AMONG COMPETITORS. SIDESTEPPING FUTURE REGULATIONS. CREATION OF INNOVATIVE PRODUCTS/PROCESSES. OPENING OF NEW MARKETS. ATTRACTION & RETENTION OF BEST EMPLOYEES, THE FEEL GOOD FACTOR . IMPROVEMENT OF IMAGE AMONGST ALL STAKEHOLDERS. REDUCTION IN LEGAL RISK AND INSURANCE COSTS. PROVISION OF A HIGHER QUALITY OF LIFE. ACCESS TO LEGITIMATE CONCESSIONS.

EVERYDAY (TANGIBLE) THREATS IN ABSENCE OF ANY FRAMEWORK

LIABILITY FOR POLLUTANTS. SUPPLY PROBLEMS WITH RAW MATERIAL AND ENERGY. ATTACKS ON IMAGE. LEGAL RISKS. BAD-MOUTHING OF PRODUCTS. BEING CLOSED-OUT OF CERTAIN MARKETS. THESE ARE IN ADDITION TO THE EMPEROR OF ALL THREATS , NAMELY, THE THREAT OF EXTINCTION DUE TO UNCONTROLLED ANTHROPOGENIC ACTIVITIES.

RISKS IN PURSUING A FRAMEWORK

GREENWASHING . BUSINESS CANNIBALIZATION. RAISING UNREALISTIC EXPECTATIONS.

TYPICAL PROBLEMS IN FRAMEWORK FORMULATION

INERTIA : TOWARDS CHANGE IN WORKING MINDSET, TRAINING & UPDATES, AWARENESS & SENSITIZATION. COMPLIANCE ISSUES. IMPROPER DOCUMENTATION & CORRESPONDANCE HANDLING. LACK OF SELF ASSESSMENT & CORRECTIVE PROTOCOLS. LACK OF COMMITMENT, PASSION, MOTIVATION AND PERSISTANCE. LACK OF AWARENESS ABOUT ENVIRONMENTAL, HEALTH , SAFETY ASPECTS & IMPACTS.