RECENT TRENDS IN BUSINESS SUSTAINABILITY: ROLE FOR HRM WITH SPECIAL REFERENCE TO TRAINING & DEVELOPMENT

Vasantha Lakshmi. R &  Hanuman S Kennedy

3^rd National Conference on emerging Trends in HRM @ PES-IT, Bangalore on 29/10/2013

Abstract: Sustainability is a highly visible topic with more and more global firms seeking to improve their sustainability index as a strategic corporate objective. Today, top performing organizations view sustainability as a “must have” strategy to ensure long term success. In order to Seek Business sustainability, there is no readymade formula. There are different approaches, which lead to Business sustainability. This paper is an attempt, to present a mathematical model of BS, focus on Business sustainability from Strategic Management approach & the significant role of HRM, specially, the Training and Development function, which contributes complimentary factors for Business Sustainability.

Key words: Sustainability, Business Sustainability; HRM, Training & Development