Abstract: Government, institutions, corporations, or universities are facilitating innovation to sustain success and maintain their competitive edge in the market. The practice of sustainable development is explored from the perspective of transparency. The connotation of sustainability and innovation necessitate a reform of education in order to achieving goals without depleting resources (natural and cultural). Moreover, multi-stakeholder attitude toward transparency and integrity are two components that facilitate the establishment that encompasses both private sector and civil society. Nonetheless, transparency is a crucial objective to promote and encourage the participation of stakeholders in the development process unless a reform course of action in our education is implemented. Sustainability calls for prudence and adaptability, preferring safe-fail over fail-safe technologies, seeking broadly comprehensible options rather than those that are dependent on specialized expertise, ensuring the availability and practicality of backup alternatives, and establishing mechanisms for effective monitoring and response (Gibson, 2001, p.19).
The beat of our thinking towards the structural changes became a necessity to understand the transformational process that is needed at the level of our societal systems. Needless to say that the problems of unsustainability in our society are faced with large complexity, and high uncertainty, reasoned that many actors involved with different perspectives and values (Dirven et al. 2002). Modern society is developing into a network society in which a growing number of problems emerge that seem impossible to solve with traditional approaches and instruments or through existing institutions (Rotmans et al. 2001). Sustainability, transparency, and innovation demonstrate huge challenge, where progress requires an establishment of governance structures that fosters and guides positive work. In this regard, we ought to reach beyond the power of command, but through an understanding of economic factors. The foresee challenges into the post 2020 development framework is to render experience, tools, and skills from diverse governance into a tangible goals. Arguably, sustainable development as a broad notion of an integrative and balanced, yet flexible societal development should be used as guiding principle for future oriented governance in general and not only as a ‘measurable’ and quantifiable objective (Grosskurth and Rotmans 2007).
The objective of this paper is to tackle issues as Anand and Sen (1994) noted that sustainability is properly viewed as a potential property of development policies and the growth of the integrated economy and the environment. Today’s important pillar of innovation is the effective ability of institutions to provide strategic resources that focuses on the benefit of the whole society not the part. The magnitude of innovation in today’s sustainable development is to achieve transparency for the success and prosperous of our working environment. However, the argument of sustainability without the leading desired shift of governance promotes challenges and obstacles, unless there is a development of generic form and applicable rules.