Edward J. Garrity is Professor in the Richard J. Wehle School of Business at Canisius College in Buffalo, New York. He holds a Ph.D. in Management Systems (Information Systems) and an MBA from the University at Buffalo, State University of New York and a BA in Environmental Science from the State University of New York, Plattsburgh. Dr. Garrity’s teaching centers on management information systems, data management, and the strategic use of technology to help organizations to effectively enhance and deliver their strategic goals. His research interests are on the broader societal goals related to environmental sustainability and social justice.
Sustainability requires the reconciliation of three factors: environmental impacts1, social impacts, and economic demands of business. There are three pillars of sustainability – also commonly referred to as People, Planet, Profit.
Sustainability is the potential for long-term maintenance of well-being, which has ecological, economic, political and social dimensions.
· The three pillars of People, Planet, and Profit are interdependent and must be balanced. This means that we should take a wider view of business and consider both a longer time frame in our decisions and consider all of our relevant stakeholders; this can promote a more effective strategy and in the long-run, profits can potentially be greater than business-as-usual practice.
· Sustainability is a global concept that affects the entire planet.
Recent perspectives on transforming business are here: https://www3.canisius.edu/~garrity/transforming-business-educationEJG.pdf
· Business can be a force for positive change impacting all three pillars of People, Planet and Profit.