In the context of the sustainability challenge facing most companies in Ghana

In the context of the sustainability challenge facing

This preview shows page 5 - 8 out of 11 pages.

design action programs to collaborate with all stakeholders. In the context of the sustainability challenge facing most companies in Ghana, this level of accountability is only possible by internalizing the externalities of their business models. The proposed corporate accountability framework calls for proper account of externalities in the value creation model of the firm. This conceptualization of externalities holds the key to
Image of page 5
corporate legitimacy and sustainability. The main contribution of this paper towards theory development is in demonstrating that meaningful corporate accountability framework in the context of sustainability, can connect social progress to the economic value of the firm's strategy. This clearly states that, “lack of proper definition of corporate accountability in the context of sustainability has limited both conceptual academic research and empirical analysis.” Further research is required to demonstrate the application of this framework in the corporate sector, clarifying the new concepts and typologies and identifying weaknesses and gaps for future research. 4.4 Promotion of formal education on sustainability development. In order to achieve sustainable development, the government has a major role to play by promoting formal education on sustainable development issues at all levels and raise capacities among key stakeholders and the general public. The government must re-orient and educate the general public on sustainability development so that people can conserve and repair the environment and also look after our natural resources (Kevany, 2007). It will also encourage individuals, corporations and communities to be discerning and responsible citizens or institutions obliges values in education. The learning and application of these values is extraordinary to witness. The government can educate the public through the media, schools, and other agencies. For example, the government can adopt a much better type of facultative education, where teachers and students work together on this exploratory journey about how one can close square the circle between economic growth and prosperity, and the conservation of natural resources and the repair of the natural environment. Education for sustainable
Image of page 6
development, were it to be properly promoted in schools and integrated into all curricula, I am confident that within a very few years it will become one of the most popular subjects in schools (Woollcombe, 2003). For sustainable development goals to be realized or achieved, there must be nationwide transformation that prompts individuals, corporations and communities to recognize their impact on the Earth and to choose wisely. Again, the educational capacity of stakeholders and the general public on sustainable development needs to be elevated.
Image of page 7
Image of page 8

You've reached the end of your free preview.

Want to read all 11 pages?

  • Fall '18
  • DR MAAME ADWOA GYEKYE JANDO

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture