ROOTS, the fourth volume of ALTR Magazine, explores the inner workings of the fashion industry as we understand it today, delving into the history, culture, and experience that has shaped the way we a
Figge & Hahn (International Journal of Production Economics, 2012) utilized this idea of multiple forms of capital to challenge traditional notions of profitability, which typically take what Shrivastava (1995) describes as a "burden-oriented" lens [1]. This perspective is exactly what it sounds like an approach to profitability that focuses on the ways in which different considerations and factors burden the ability to produce revenue. For instance, this could take the form of cost minimization: how much will this new initiative cost, and is it necessary to maintain the profit we are currently outputting? In this lens, it is almost always impossible for sustainable and environmentally-friendly programs to win. Sustainable practices require investment! This is not new news, but the short-term perspective inherent to the burden- oriented lens prevents these programs from reaching a point of efficacy within this model.
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The contrasting perspective of the burden-oriented lens is the value-oriented lens. This perspective moves past the narrow angle of cost, instead encompassing a holistic view that takes all forms of capital into equal consideration [1]. By default, then, the value-oriented lens also adopts a long-term approach to profit, prioritizing both environmental and social capital in the same ways as economic or financial capital. This includes the consideration of the benefits of certain initiatives for natural resources and ecosystems, professional relationships with stakeholders, and the integration of community engagement and feedback. This lens has many benefits, not only for the environment, but for corporate success. For instance, by treating sustainability as an equal part of the business model rather than a burdensome add-on, companies and colleagues can foster creativity and innovation while simultaneously working towards sustainability targets, overall increasing profitability through improved stakeholder and customer relationships and competitive business features and strategies. It also increases the overall longevity of business- as we all know, sustainable practices tend to outlive unsustainable ones. This is becoming especially true as contemporary consumers are increasingly looking to spend their dollar at companies that align with their values of inclusivity and sustainability [2].