Purpose Driven Business Models for Sustainable Stakeholder Value
The Summer Camp Certificate Course on “Purpose-Driven Business Models for Sustainable Stakeholder Value,” held at Indus Business Academy (IBA) Bangalore and conducted by Dr. Ernst Kimakowitz, was a three-day immersive program from April 11th to 13th, focused on integrating sustainability into business practices. The course aimed to show how modern businesses can align profitability with a broader purpose, ensuring value creation for all stakeholders, including employees, customers, suppliers, the environment, and society.
Dr. Kimakowitz, an expert in sustainable business practices, emphasized that businesses today cannot focus solely on profit but must address environmental, social, and governance (ESG) issues. A major highlight was the exploration of purpose-driven business models, which generate value beyond financial returns by addressing sustainability concerns. The course covered case studies of companies that successfully adopted such models, demonstrating how sustainability not only boosts brand reputation and customer loyalty but also enhances long-term profitability.
The course also stressed the importance of leadership in driving sustainability. Leaders play a crucial role in embedding a sense of purpose within their organizations, making decisions that prioritize the well-being of stakeholders and minimize environmental impact. Participants were taught how to cultivate a sustainable business culture where ESG concerns are part of daily operations.
Interactive sessions were a key part of the learning process, with group activities, discussions, and presentations. Participants had the opportunity to develop and present their own business models that focused on sustainable stakeholder value, applying theoretical concepts to practical scenarios. This hands-on approach deepened their understanding of how purpose-driven strategies can be applied across industries.
The course concluded with a certificate ceremony, but beyond the certification, participants left with a greater appreciation of the role sustainability plays in business success today. Companies that focus on creating sustainable stakeholder value are better equipped to thrive in the evolving, socially conscious marketplace. This program provided the essential knowledge and tools to drive meaningful change in business practices while maintaining financial viability.
