Sustainable Business Model for Socio-Economic and Environmental Protection with Reference to K Narayanapura, Bangalore, India - An Empirical Study Submitted By Surjit Singha Asst. Professor Dept of Commerce Kristu Jayanti College (Autonomous) Shodh Pravartan Minor Research Project Centre for Research Kristu Jayanti College (Autonomous) K Narayanapura, Kothanur Post, Bengaluru, Karnataka, 560077, India February 2021 ACKNOWLEDGEMENT I sincerely thank Kristu Jayanti College (Autonomous) for providing an opportunity to conduct a Shodh Pravartan Minor Research Project I express my sincere gratitude to Rev. Dr Augustine George CMI, (Principal), Rev. Fr. Lijo P Thomas (Financial Administrator & Head Dept. of Computer Science), Rev. Fr. Som Zacharia (Director, Library & Information Technology & Director, Infrastructure Development), Rev. Fr. Emmanuel P.J. (Director, Kristu Jayanti College of Law, Director, International Relations, Faculty, Department of Psychology, Director, Jayantian Extension Services & Jayantian Alumni Association), Rev. Fr. Joshy Mathew (Faculty, Department of English), Rev. Fr. Deepu Parayil (Faculty, Department of Life Science), for their guidance and blessings. I thank Dr Aloysious Edward J, (Dean, Commerce and Management), Prof. Vijayakumar R (HoD, Department of Commerce) for their constant support and guidance. I also thank the Centre for Research, and all the Faculty coordinators for their constant inspiration and motivation to complete this project. I thank the management of Kristu Jayanti College (Autonomous) for funding the entire project. I am grateful to St. Kuriaose Elias Chavara, and Almighty God for showering blessings upon me. ABOUT THE AUTHOR Surjit Singha is presently working as a faculty member in the Dept. of Commerce, Kristu Jayanti College (Autonomous). Specialized in Commerce & Management, with an experience of more than 11+ years in Industry and Teaching and delivered more than 3,000 hours of Teaching lectures, he had published twelve articles in India and Bulgaria, and nine books in his credit. His research area is in Workforce Diversity, Organizational Climate and Culture, SDG and topics that benefit society, and attended more than 20 National and International conference, workshops, seminars, FDP, MDP. Presently he had undertaken two Fully Funded Minor Research Project funded by Kristu Jayanti College (Autonomous) and certified Life skills trainer by Rajiv Gandhi National Institute of Youth Development and trained students on Life Skills topics since 2013 to around 3,000 Youths. Table of Contents CHAPTER 1 2 Introduction 2 Statement of the problem 3 Rationale and Significance 3 Research questions 3 Objectives 4 Research Methodology 4 Selection criteria 4 Sample Size 4 Other stakeholders: Around 128 (Stakeholders includes people living in and around K Narayanapura) 4 Sample Design 4 Other stakeholders 4 Study time 4 Type of Business Unit 4 Methods of Analysis 5 Ranking method, percentage analysis, mean and Likert scale 5 Scope of the study 5 Limitation of the Study 5 CHAPTER 2 7 Review of Literature 7 Research gap 15 CHAPTER 3 17 Operational Definition 17 K Narayapura 17 F & B 17 Systematic observation 17 Unsustainable method 17 Sustainability/sustainable method 17 Socio-Economic 17 Environmental Protection 17 Generators and Types of Food and Organic/Green Waste (Extracted from What a Waste 2012 which was adopted What a Waste 1999) 18 CHAPTER 4 20 ANALYSIS 20 Analysis of the response from Business firms 20 1. Nature of Business firm 20 Table 1: Nature of Business firm 20 Figure: 1 21 2. Implementation of Environmental Sustainable Practices in Business-Response based on the extent of usage 22 Table 2 22 Table 2.1 23 3.Relationship between human and environment-Response from the business firms 24 Table 3 24 Analysis of response using weighted value and mean 25 Table 3.1 25 4. Motivational Factors Behind Implementing the Environmental Sustainable Practices 26 -Response from the business firms 26 Table 4 26 Analysis of response using weighted value and mean 26 Table 4.1 26 5.Barrier behind Implementing Environmental Sustainable Practices 27 Response from the business firms 27 Table 5 27 Analysis of response using weighted value and mean 27 Table 5.1 27 6. Analysis of the response from public 28 Age 28 Table-6 28 Figure-1 29 7. Gender of the respondents 29 Table-7 29 Figure-2 29 8. Education: 31 Table-8 31 Figure-3 31 9. Employment Status 32 Table-9 32 Figure-4 32 10. Monthly Income: 33 Table-10 33 Figure-5 33 11. Frequency of shopping: 34 Table-11 34 Figure-6 34 12. Examining the awareness of the stakeholders: 35 Table-12 35 Table-13 35 13. Analysis of satisfaction among the stakeholders: 36 Table-14 36 Table-15 36 14. Sustainable Business Model for Socio-Economic & Environmental Protection with reference to K Narayanapura 37 Figure: Proposed model for attainment of sustainability 37 After the implementation 39 Findings 39 Conclusion 40 References 41 Questionnaire 43 1 CHAPTER 1 2 CHAPTER 1 Introduction Sustainable business to protect the environment is the most urgent need of the hour to save the planet we live in. A business sustains with the society, and the Socio-Economic growth and the business go hands-on hand; however, during this development process, the environment suffers the most, if sustainable methods are not adopted. This present study focuses on developing a business model for Socio-Economic & Environmental Protection with reference to K Narayanapura, Bangalore, India, which can be applied locally to maintain sustainability. As there is saying, prevention is better than cure and the need of the hour is the prevention to protect our environment and planet earth. The environmental pollution epidemic is the preventable cause of suffering by our planet and for life living on it. The present study suggested various business model which may able to prevent such a disaster. The data extracted from Aqicn shows that ITI Jahangirpuri, Delhi, Real-time Air Quality Index (AQI) air pollution shows 440 on November 20, 2018, 10 AM IST, which is Hazardous. In contrast, BTM, Bangalore, Real-time Air Quality Index showed 89 on November 20, 2018, 10 AM IST which is moderate, so the date reveals that Bangalore Real- time Air Quality Index (AQI) is 89 (Moderate). However, Delhi's Real-time Air Quality Index (AQI) is 440 (Hazardous). Therefore, it is essential that we need a methodology to minimize the level of danger, probably we may prevent it to a certain extent. As reported in Times of India, by Chethan Kumar, dated November 12, 2017, that Bangalore chokes on its waste, garbage jumps 1,750% in 15 yrs; obviously, it can be understood the seriousness of the matter concerning waste the different business is generating that. It is mention in the Times of India article written by Chethan Kumar that 200 tonnes of garbage per day in 2000-01, the Bangalore city corporation found itself having to deal with a massive 3,700 tonnes in 2015, that is an enormous rise in workload by over 17 times (1,750%). During the same time, its population — grew by just 60%. From this above article, we can see that the garbage per day is increasing in an enormous amount, and if this goes on for a long time, there will be a massive problem concerning health and wellness. 3 The Central Pollution control board data reveals that River Ganga at D/s Sarikpur, Sample date October 26, 2018, state Bihar shows the final remark as Not Satisfactory, which refers that the pollution level has gone up in the water level too in many parts of India Currently, world cities generate about 1.3 billion tons of solid waste per year. This volume is expected to increase to 2.2 billion tonnes by 2025 (Hoornweg, D., & Tata, P. B. 2012). Thereby it is necessary to prevent such human-made pollution by generating sustainable Business Model for Socio-Economic & Environmental Protection. Statement of the problem Sustainability is the need of the hour and should be practised by individual, business, institution, and corporates. However, what is the best possible sustainable model specific to K Narayanapura area is not known. Rationale and Significance Pollution is increasing in India as well as globally; however, we can see from the ROL, that in many countries especially Denmark they are taking preventive measures to control the pollution to maintain sustainability, and thereby it is the urgent need of the hour in India that we formulate a sustainable business module for Socio-Economic & Environmental Protection. Research questions ● What are the various strategies used to maintain responsible action for socio- economic and environmental protection among the business firms? ● What is the satisfaction level of stakeholders for socio-economic and environmental protection initiated by the business firms? ● What is the possible sustainable business model for socio-economic and environmental protection with reference to K Narayanapura? Objectives 4 1. To identify the strategies used for maintaining the responsible action for Socio- Economic & Environmental Protection among the business firms. 2. To examine the satisfaction level of stakeholders for Socio-Economic & Environmental Protection initiated by the business firms. 3. To develop a Sustainable Business Model for Socio-Economic & Environmental Protection with reference to K Narayanapura Research Methodology Quantitative and qualitative approaches to be employed to collect data, including Systematic observation, survey methods, systematic literature review, expert opinion and talks, with reference to sustainability and unsustainable method opted in the business's operation. The questionnaire was adopted from Kaur, B. (2020). Managerial Attitude and Implementation of Environmental Sustainable Practices in the Hotel Industry of Punjab (Master's thesis). Retrieved from Shodhganga; and modified according to the needs of the present study. Selection criteria 1. Business unit near Kristu Jayanti College (Autonomous) 2. Business unit within 2 KM radius of the college. 3. Business within the campus. Sample Size Around 88 business unit from K Narayanpura Area.