Sustainability challenges and opportunities in the satellite space industry : analysis of corporate practice and a new sustainable business model
Lai, Tsz Mei (2024)
2024
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Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi:amk-2024052917582
https://urn.fi/URN:NBN:fi:amk-2024052917582
Tiivistelmä
The thesis presents a sustainable business model and analyses of the satellite industry and sustainability. The thesis consists of three goals. The first objective was to talk about the advantages and disadvantages of satellites on Earth and space, as well as space sustainability in the satellite industry. The second goal was to present a sustainable business model as a model framework to advise satellite firms on how to operate profitably, innovatively and sustainably. Anticipating future developments in technology that could boost sustainability and increase business efficiency was the final objective.
The knowledge base of this thesis mainly focuses on sustainability in environmental, social, and economic aspects, as well as space sustainability. The term sustainability was clearly defined by definitions and Sustainable Development Goals. The background of the satellite industry covered its history, basic manufacturing structure, and launching process. A qualitative research method was used in the research process, in which literature reviews, semi-structured interviews, and grounded theory were the main approaches to gathering, analysing, and formulating the theoretical framework.
After gathering and analysing the data, the ESG sustainable business model was created to show how companies can achieve sustainability in social, environmental, economic, and governance aspects. The thesis also discussed the challenges companies face when using the framework at the current stage and how these challenges could be solved. It also mentioned how technological innovations could help solve challenges, contribute to sustainability, and enhance business efficiency and productivity.
The terms “sustainability” and “space sustainability” are of rising awareness nowadays. Governments, companies and authorities have recognised the importance of sustainability. However, there is a crucial need for regulations and financial funding from governments and authorities to supervise and support the companies in investing and adopting sustainability into operations since companies are currently facing challenges in achieving sustainability.
The knowledge base of this thesis mainly focuses on sustainability in environmental, social, and economic aspects, as well as space sustainability. The term sustainability was clearly defined by definitions and Sustainable Development Goals. The background of the satellite industry covered its history, basic manufacturing structure, and launching process. A qualitative research method was used in the research process, in which literature reviews, semi-structured interviews, and grounded theory were the main approaches to gathering, analysing, and formulating the theoretical framework.
After gathering and analysing the data, the ESG sustainable business model was created to show how companies can achieve sustainability in social, environmental, economic, and governance aspects. The thesis also discussed the challenges companies face when using the framework at the current stage and how these challenges could be solved. It also mentioned how technological innovations could help solve challenges, contribute to sustainability, and enhance business efficiency and productivity.
The terms “sustainability” and “space sustainability” are of rising awareness nowadays. Governments, companies and authorities have recognised the importance of sustainability. However, there is a crucial need for regulations and financial funding from governments and authorities to supervise and support the companies in investing and adopting sustainability into operations since companies are currently facing challenges in achieving sustainability.