scholarly journals Compromising Long-Term Sustainability for Short-Term Profit Maximization: Unethical Business Practice

2016 ◽  
Vol 8 (1) ◽  
pp. 79-92
Author(s):  
Mishelle Doorasamy ◽  
Kiran Baldavaloo
Keyword(s):  
Profit Maximization ◽  
Business Practices ◽  
Sustainable Business ◽  
Ethical Business ◽  
Business Operations ◽  
Toxic Emissions ◽  
Production Techniques ◽  
Operational Activities ◽  
Market Pressures

Abstract The current environmental challenges caused by the dependence on nonrenewable energy, increased waste disposal, the toxic emissions created by operational activities, and also the scarce supply of water are so complex and important that it requires immediate attention. Strict environmental legislation, market pressures, and urgent need for sustainability have given businesses no option but to ensure that they do all that is possible to ensure that their business operations are sustainable. This paper addresses the underlying factors that determine the extent to which organizations adopt sustainable business practices and cleaner production techniques and technologies. It had been concluded that ethics is linked to sustainable business practices, because the objectives of both these concepts are to think about doing what’s right for others and the world, including the environment. According to the organizational corporate compliance regulations, a company’s commitment to ethical business and sustainable business practices should be detailed in their policy handbook and communicated to all employees within the company (Sustainability Report 2013/2014).

Embracing the change

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Keyword(s):  
Case Studies ◽  
Design Methodology ◽  
Reading Time ◽  
Cutting Edge ◽  
Business Practices ◽  
Sustainable Business ◽  
Content Type ◽  
Pertinent Information ◽  
Practical Implications

Purpose This paper aims to review the latest management developments across the globe and pinpoint practical implications from cutting-edge research and case studies. Design/methodology/approach This briefing is prepared by an independent writer who adds their own impartial comments and places the articles in context. Findings MNEs are grappling with the growing and permanent shift toward sustainable business practices. In EDMs, MNEs face increased challenges, but are able to form markets in the image they want, influencing business practices for the long-term. Originality/value The briefing saves busy executives, strategists and researchers hours of reading time by selecting only the very best, most pertinent information and presenting it in a condensed and easy-to-digest format.

Connecting the Dots

2017 ◽  
pp. 26-41
Author(s):  
Olajumoke Ogunsanya
Keyword(s):  
Creative Thinking ◽  
Business Practices ◽  
Business Organizations ◽  
Sustainable Business ◽  
Term Survival ◽  
Collective Creativity ◽  
Connecting The Dots ◽  
Creativity And Innovation ◽  
The Relationship

Calls for businesses to act with concern for the environment and society create new operating scenarios in which sustainability concerns must be taken into consideration along with the primary objectives of profitability and competitiveness. These additional obligations contribute to dynamism of the marketplace and make it important for businesses to draw on creativity and innovation to find connections between the unrelated in order to establish new efficiencies that can create competitive advantage and differentiation in the environment they find themselves. The central theme of this chapter is how bisociation informs collective creativity and innovation, and influences sustainability for business organizations competing in an environment that is in a permanent state of flux. This chapter trails a series of concepts to find the relationship between the concept of bisociation, collective creativity and sustainable business practices. The aim is to show how consistent creative thinking and exploration of information in different spaces of thought can proffer innovative solutions organizations require for their long term survival and prosperity.

scholarly journals Sustainable Purchasing of Fresh Food by Restaurants and Cafes in France

Agronomy ◽  
2021 ◽  
Vol 11 (11) ◽  
pp. 2357
Author(s):  
Arthus Chevallier-Chantepie ◽  
Peter J. Batt
Keyword(s):  
Cluster Analysis ◽  
Business Practice ◽  
Business Practices ◽  
Perceived Benefits ◽  
Personal Beliefs ◽  
Sustainable Business ◽  
Two Stage ◽  
Food Ingredients ◽  
Fresh Food

This paper explores the purchasing practices adopted by restaurants and cafés operating in France to observe how the owner/operator(s) attitudes towards sustainable business practice impact on the choice of fresh food suppliers. A two-stage cluster analysis revealed the presence of two clusters: conventional buyers and green buyers that showed significant differences in the adoption of sustainable purchasing practices, the perceived benefits derived from the adoption of sustainable business practices, and barriers to the adoption of green purchasing. In making the decision to operate as a green restaurant, the personal beliefs of the owner/operator(s) were paramount, guided in part by the belief that in order to prepare and present the best-tasting food to patrons, executive chefs needed to procure the very best ingredients. In procuring the best quality fresh food ingredients, executive chefs preferred to deal with many small suppliers with whom they had developed a long-term relationship based on their reputation for delivering premium quality products in season.

scholarly journals Organization’s Sustainable Operational Complexity and Strategic Overview: TISM Approach and Asian Case Studies

2021 ◽  
Vol 13 (17) ◽  
pp. 9790
Author(s):  
Sushil ◽  
Periyasami Anbarasan
Keyword(s):  
Purchasing Power Parity ◽  
Model Building ◽  
Secondary Data ◽  
World Order ◽  
Business Practices ◽  
Power Parity ◽  
Sustainable Business ◽  
Communist China ◽  
Managerial Implications ◽  
Operational Activities

As a region, Asia comprises communist China, democratic India and many small quasi-democratic and authoritarian states. Both China and India play a significant role in maintaining multilateral world order. Asia’s regional power remains with its enormous potential of resources for domestic markets and per capita purchasing power parity. Hence, the economic and the business aspects of the Asian region require comprehensive study. Sustainable operational excellence is a notion carried by an organisation’s sustainable economic development and other values. This study incorporates the multiple case study method. Twelve case organisations such as Tata Motors, Samsung, Nissan, Indigo, Mitsubishi, Huawei, Wilmar, Canon, NTPC, Hitachi, Singapore Airlines, and L&T were chosen to study their sustainability values, and operational and strategic strands. TISM (total interpretive structural modelling) method is used for model building; four variables such as operating activities, investing activities, financing activities, and SVE (Social value expenditures) are taken for empirical analysis. Based on the available secondary data, the study incorporated panel data regression analysis. The result shows that SVE positively and significantly explains operational activities that proxy with sustainable business practices. The study concludes with a Paux strategy framework for discussion and managerial implications.

Sustainable Corporate Entrepreneurship from a Strategic Corporate Social Responsibility Perspective

2013 ◽  
Vol 14 (1) ◽  
pp. 5-14 ◽  
Author(s):  
Muhammad Atiq ◽  
Mine Karatas-Ozkan
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Corporate Entrepreneurship ◽  
Shared Value ◽  
Business Practices ◽  
Sustainable Business ◽  
Sustainable Entrepreneurship ◽  
Business Operations ◽  
Corporate Social ◽  
Is Value

This paper explores the process of sustainable entrepreneurship from the perspective of strategic corporate social responsibility (CSR). Drawing on insights from entrepreneurship studies that focus on opportunity creation and enactment, along with the extant literature on CSR, the authors propose a conceptual framework for sustainable entrepreneurship that combines an entrepreneurial approach with sustainability. The authors suggest that sustainability should be embedded in the business operations of companies and that sustainable business practices should be driven by an entrepreneurial approach in order to create shared value – that is, value for the business as well as for society. Shared value creation is the outcome of sustainable corporate entrepreneurship.

Environmental accounting as perspective for hotel sustainability: literature review

2014 ◽  
Vol 20 (1) ◽  
pp. 103-120
Author(s):  
Sandra Janković ◽  
Dubravka Krivačić
Keyword(s):  
Literature Review ◽  
Environmental Accounting ◽  
Environmental Responsibility ◽  
Business Practices ◽  
Environmental Footprint ◽  
Sustainable Business ◽  
Environmentally Sustainable ◽  
Reporting Practice ◽  
Environmental Objectives

Purpose – Competitive environment and numerous stakeholders’ pressures are forcing hotels to comply their operations with the principles of sustainable development, especially in the field of environmental responsibility. Therefore, more and more of them incorporate environmental objectives in their business policies and strategies. The fulfilment of the environmental objectives requires the hotel to develop and implement environmentally sustainable business practices, as well as to implement reliable tools to assess environmental impact, of which environmental accounting and reporting are particularly emphasized. The purpose of this paper is to determine the development of hotel environmental accounting practices, based on previous research and literature review. Approach – This paper provides an overview of current research in the field of hotel environmental accounting and reporting, based on established knowledge about hotel environmental responsibility. The research has been done according to the review of articles in academic journals. Conclusions about the requirements for achieving hotel long-term sustainability have been drawn. Findings – Previous studies have shown that environmental accounting and reporting practice in hotel business is weaker when compared to other activities, and that most hotels still insufficiently use the abovementioned instruments of environmental management to reduce their environmental footprint and to improve their relationship with stakeholders. The paper draws conclusions about possible perspectives that environmental accounting has in ensuring hotel sustainability. Originality – The study provides insights into the problem of environmental responsibility of hotels, from the standpoint of environmental accounting and reporting, as tools for assessing hotel impact on the environment and for improving its environmentally sustainable business practice. The ideas for improving hotel environmental efficiency are shaped based on previous findings.

scholarly journals Sustainable Business Practices by Nigerian Organizations

2021 ◽  
Author(s):  
Nkemdilim Iheanachor
Keyword(s):  
Business Performance ◽  
Business Environment ◽  
Business Practices ◽  
Business Managers ◽  
Sustainable Business ◽  
Policy Makers ◽  
Safe Work ◽  
Sustainability Reports ◽  
Sustainability Practices

Sustainability is the lifeline of any organization and it begins with its people. This paper investigates the sustainable business practices of Nigerian organizations. The pillars of sustainability, economic, social and environmental, have been linked to improve business performance when entrenched into long term strategies of a business. To address the challenges of power supply, multiple taxation, pollution and waste management faced in the business environment, it is imperative to develop solutions that will not compromise future needs yet meeting the needs of the present. Recycling, recovery and reuse, safe work initiatives, continuous learning are strategies businesses can adopt to reduce environmental waste, social and economic issues. For this purpose, this chapter examines sustainability practices of businesses from selected industries; construction, manufacturing, banking and hospitality industries were selected based on availability of sustainability reports of industry leaders. This research is expected to help business managers and policy makers understand sustainable business practices and its implications on business performance.

scholarly journals Sustainability in the Coffee Supply Chain and Purchasing Policies: A Case Study Research

2022 ◽  
Vol 14 (1) ◽  
pp. 459
Author(s):  
João F. Proença ◽  
Ana Cláudia Torres ◽  
Bernardo Marta ◽  
Débora Santos Silva ◽  
Grazielle Fuly ◽  
...  
Keyword(s):  
Supply Chain ◽  
Supply Chain Management ◽  
Case Study Research ◽  
Business Practices ◽  
Sustainable Business ◽  
Chain Management ◽  
Business Operations ◽  
Sustainability Practices ◽  
Purchasing Policy

The literature shows that companies increasingly need to become more sustainable. To achieve sustainable development, supply chain management needs to be related to sustainable business practices, which include relevant values and sustainable purchasing policies. Focusing on these principles on the topic of coffee, this study shows the difficulties associated with this product. The study finds that coffee production is dependent on factors unrelated to management. This paper presents a case study of Delta Cafés owned by Grupo Nabeiro, a Portuguese company that shows relevant ways of achieving sustainable business methods to be incorporated in supply chain management. Our research shows a business based on sustainable, efficient handling of the food safety of its product and certification along the supply chain, as well as an adaptable purchasing policy. By reviewing the literature and information provided by the company, we confirm that the case study is a business leader in innovation, thought process, and action related to sustainability practices. Our research illustrates how business operations and culture can be explored to achieve sustainable buying processes and practices.

Connecting the Dots

2020 ◽  
pp. 1173-1188
Author(s):  
Olajumoke Ogunsanya
Keyword(s):  
Creative Thinking ◽  
Business Practices ◽  
Business Organizations ◽  
Sustainable Business ◽  
Term Survival ◽  
Collective Creativity ◽  
Connecting The Dots ◽  
Creativity And Innovation ◽  
The Relationship

Calls for businesses to act with concern for the environment and society create new operating scenarios in which sustainability concerns must be taken into consideration along with the primary objectives of profitability and competitiveness. These additional obligations contribute to dynamism of the marketplace and make it important for businesses to draw on creativity and innovation to find connections between the unrelated in order to establish new efficiencies that can create competitive advantage and differentiation in the environment they find themselves. The central theme of this chapter is how bisociation informs collective creativity and innovation, and influences sustainability for business organizations competing in an environment that is in a permanent state of flux. This chapter trails a series of concepts to find the relationship between the concept of bisociation, collective creativity and sustainable business practices. The aim is to show how consistent creative thinking and exploration of information in different spaces of thought can proffer innovative solutions organizations require for their long term survival and prosperity.

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