scholarly journals How does a future-fit economy take root? An analysis of diffusion and adoption of future-fit business practices in brewing and printing companies

2021 ◽  
Vol 30 (2) ◽  
pp. 114-121
Author(s):  
Sabrina Schmidt ◽  
Matthias Rätzer
Keyword(s):  
Institutional Change ◽  
Change Agents ◽  
Sustainable Production ◽  
Ecological Crisis ◽  
Business Practices ◽  
Sustainable Business ◽  
Profound Change ◽  
Doing Business ◽  
The Face

Only a few companies are seeking to contribute to a future-fit way of doing business. As such, they are considered major drivers of institutional change. However, conventional companies are not likely to follow these new paths based solely on good examples.In the face of the worsening ecological crisis, more and more people are looking to pioneering companies which have made it their task to be part of the solution to this problem by deploying sustainable production and business practices. But how do these future-fit approaches spread within the economy? We present results from brewing and printing companies which suggest that successful diffusion of these approaches may be more complex than commonly assumed. For example, conventional companies tend not to adopt sustainable business practices merely because they are being promoted by future-fit small and medium-sized enterprises. Rather, change agents in conventional companies must be educated on how specific sustainable business practices serve as concrete solutions. Additionally, these practices must align with the company’s predominant view of the problem. Our results stress that future-fit companies cannot be the exclusive drivers of profound change; rather, they can only make their contribution when supported in this effort by science, politics and society in general.

scholarly journals Fashion shows and fashion week during Covid-19 pandemic in 2020

2021 ◽  
Vol 69 (3) ◽  
pp. 29-36
Author(s):  
Milena Savić ◽  
Radmila Savić ◽  
Dragana Frfulanović
Keyword(s):  
Business Practices ◽  
Fashion Industry ◽  
Sustainable Business ◽  
Global Business ◽  
Environmental Challenges ◽  
Price Fluctuations ◽  
Doing Business ◽  
The World

The pandemic that hit the world in 2020 significantly affected global business and the fashion industry. Companies have been forced to rethink their current way of doing business, while consumers have reviewed their priorities, emerging needs and constraints, care for health, the environment, and the community. All these aspects together have shaped a slightly different global fashion market and companies' business practices, which have made great efforts to maintain their status, audience, and sales. The focus of this paper is Milan's "Fashion Week" held during 2020 and innovative technological solutions that serve to compensate for the limitations imposed by circumstances. Also, there's a few words about other (un)predictable situations such as price fluctuations, closure of production plants, overcoming safety and environmental challenges, and sustainable business.

scholarly journals Government Imposition of Sustainable Business Practices in the Arts: A Saving Grace?

2009 ◽  
Vol 3 (1) ◽  
pp. 20-32
Author(s):  
Brigit M. Knecht
Keyword(s):  
Business Practices ◽  
Arts Organizations ◽  
Arts Funding ◽  
Sustainable Business ◽  
Efficient Operation ◽  
Non Profit ◽  
The Arts ◽  
The Face ◽  
Sustainable Organizations ◽  
Best Business Practices

The paper examines how the Alberta Foundation for the Arts has prioritized economic measures of sustainability and best business practices by including economic language and demands into arts funding applications. Analyzing ten years of granting documents from the Alberta Foundation for the Arts the research explores how the gradual inclusion of business language increases the demand on arts organizations to operate as sustainable organizations. The paper also considers how the very imposition of economic priorities onto non-profit arts organizations may, ironically, be the saving grace for such organizations in the face of global economic crisis. Forced to operate under the rigid fiscal demands of granting programs, arts organizations in Alberta are accustomed to efficient operation with limited resources. Therefore they may actually be poised to weather the economic storm better than other arts organizations in Canada.

Role of Positive Emotions in Organisational Coping

2015 ◽  
Vol 4 (2and3) ◽  
Author(s):  
Vibhuti Gupta ◽  
Devalina
Keyword(s):  
Positive Emotions ◽  
Employee Performance ◽  
Empirical Studies ◽  
Good Health ◽  
Charismatic Leadership ◽  
Coping Resources ◽  
Business Practices ◽  
Sustainable Business ◽  
Self Evaluation ◽  
Support Layout

The broaden-and-build theory of positive emotions postulated by Barbara L. Fredrickson proposes that emotions like joy, interest, contentment, and love enable an individual to broaden his/her patterns of thinking and acting, which in turn build the personal coping resources, whether intellectual, physical, social, or psychological, by way of creating novel ideas, actions or social relationships. This paper is a review of 15 empirical studies carried out during 1998-2012 that support the contributions of this theory to the creation of a healthy workplace by fostering positive emotions in employees. Positive emotions were found to be pivotal in enhancing employee performance, encouraging innovation and creativity that result in sustainable business practices, helping organizations make good decisions, facilitating work-flow and motivation, developing authentic and charismatic leadership styles, job enrichment, better team performance, and satisfactory customer relations. A link between positive emotions and an upward spiral of personal and organizational resources has also been established where positive self-evaluation, development of resilience, a climate of social support, layout of clearer goals, high quality social-interaction, good health and productivity of workers have been found to promote effective coping.

scholarly journals Editorial: Sustainable Waste Management Innovations: Developing New Ventures for Improved Health and Environmental Wellbeing

2021 ◽  
Vol 13 (13) ◽  
pp. 7132
Author(s):  
Joseph Amankwah-Amoah ◽  
Frederick Ahen
Keyword(s):  
Waste Management ◽  
New Ventures ◽  
Business Practices ◽  
Special Issue ◽  
Sustainable Waste Management ◽  
Sustainable Business

In this Editorial, we synthesise the articles in the Special Issue with unique insights into sustainable waste management innovations and sustainable business practices [...]

scholarly journals Analyzing Failed Institutional Change Attempts

2021 ◽  
pp. 106591292198944
Author(s):  
Sukriti Issar ◽  
Matthias Dilling
Keyword(s):  
Institutional Change ◽  
Comparative Politics ◽  
Change Agents ◽  
The United States ◽  
Coalition Building ◽  
Strategic Action ◽  
Formal Stability ◽  
Political Effects ◽  
Analytical Strategies ◽  
Empirical Regularity

Theoretical advances in the study of institutional change center around a productive paradox. While change agents can take strategic action to change institutions, institutions display a remarkable level of formal stability. From this paradox, we expect that attempts to change institutions are an empirical regularity and that many formal change attempts will fail. This article contributes to historical institutionalism by analyzing the political effects of failed formal institutional change attempts on institutional sequences. Failed institutional change attempts could be mere blips, having little effect on subsequent institutional trajectories, or even inoculate against future attempts. Failed attempts could also lay the ideational groundwork, aid in coalition building, and garner concessions for subsequent institutional change, or convince change agents to alter their strategy. The article suggests analytical strategies to assess the effects of failed institutional change attempts, drawing on examples from comparative politics and two extended case illustrations from Italian party politics and the Affordable Care Act in the United States.

scholarly journals An Analysis on the NASDAQ’s Potential for Sustainable Investment Practices during the Financial Shock from COVID-19

2021 ◽  
Vol 13 (7) ◽  
pp. 3748
Author(s):  
Rachel Shields ◽  
Samer Ajour El Zein ◽  
Neus Vila Brunet
Keyword(s):  
Business Practices ◽  
Sustainable Business ◽  
Global Crisis ◽  
The Sustainable Development ◽  
Sustainable Investment ◽  
Development Goals ◽  
Sustainable Investments ◽  
Corporate Social ◽  
The Garch Model ◽  
Difficult Times

There is a growing demand for sustainable business practices and for sustainable and impact investment as has been signaled by the Sustainable Development Goals ratified by all the United Nations members. However, there is not that much evidence on how sustainable investments perform during crises compared to regular investments. This paper investigates if sustainable investments within the NASDAQ have a lower volatility rate when reacting to a significant global crisis such as the COVID-19 pandemic. It groups the shares of businesses with Corporate Social Responsibility (CSR) practices that are ranked 70% or higher given by CSRHub, Inc. and compares it to business shares with the lowest-ranked CSR business practices at 30% or lower. The top 30% and bottom 30% CSR stocks’ volatility will be predicted using variations of the GARCH model. The top 30% CSR stocks of the NASDAQ had a lower rate of volatility for a global crisis than the bottom 30% CSR stocks. Technology is the only sector whose top 30% showed higher volatility. However, the top 30% of companies in the Health Care and Utilities sectors show a higher increase in returns and a lower drop in returns. These results signal the higher uncertainty associated with some cutting-edge products and services offered by the top 30% of technology companies and the preference for more established companies that offer higher quality services when it comes to satisfying basic needs such as health and utilities in difficult times.

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