scholarly journals THE INTERDEPENDENCE BETWEEN ENVIRONMENTAL AND SOCIAL PERFORMANCES AND COMPANY’S ECONOMIC VALUE: THE CASE STUDY OF TITAN CEMENT KOSJERIĆ

2018 ◽  
pp. 279
Author(s):  
Marija Petrović-Ranđelović ◽  
Tatjana Stevanović ◽  
Vesna Janković-Milić
Keyword(s):  
Sustainable Development ◽  
Business Strategy ◽  
Social Performance ◽  
Economic Value ◽  
Cement Industry ◽  
Analysis Method ◽  
Sustainable Business ◽  
Socially Responsible ◽  
The Sustainable Development ◽  
Correlation Analysis Method

The purpose of this paper is to research the relationship between environmental and social performances and company’s economic value on case of the Titan Cement Kosjerić, and contributes to a clearer understanding of the importance on integrating the sustainable development principles into the business strategy and processes. The research was conducted using the data on selected financial and nonfinancial performances of the company from the Reports on corporate social responsibility and sustainable development for the period from 2011 to 2015. To confirm the initial hypothesis it was used the method of analysis, method of synthesis, and the correlation analysis method. The empirical findings of this research indicate that there is a high degree of interdependence between environmental and social performance and company’s economic value, which is in line with the company's commitment to sustainable development and socially responsible business. The main contribution of this paper attempts in highlighting the importance on carry out the socially responsible practices in the cement industry companies for improving all aspects of sustainable business - financial, environmental, and social.

Analysis the Correlation of Port Logistics and Regional Sustainable Development Ability to Tianjin - For Example

2013 ◽  
Vol 448-453 ◽  
pp. 4059-4064
Author(s):  
Qing Min Yuan ◽  
Ning Ning Ning
Keyword(s):  
Sustainable Development ◽  
Analysis Method ◽  
Systematic Analysis ◽  
The Sustainable Development ◽  
Grey Correlation ◽  
Port Logistics ◽  
Grey Correlation Analysis ◽  
Correlation Analysis Method ◽  
Regional Sustainable Development ◽  
Sustainable Development Ability

The paper selected certain indicators of regional sustainable development and port logistics, on the basis of systematic analysis of the sustainable development ability, which taked Tianjin as an example by means of the grey correlation analysis method, we study the regional sustainable development ability and the correlation of port logistics in order to provide a certain theoretical basis and reference for the development and the ability of port logistics.

scholarly journals Classification of Sustainable Business Models: A literature review and a map of their impact on the Sustainable Development Goals

2021 ◽  
Vol 49 (4) ◽  
pp. 784-794
Author(s):  
Eleonora Boffa ◽  
Antonio Maffei
Keyword(s):  
Sustainable Development ◽  
Business Strategy ◽  
Sustainable Development Goals ◽  
Business Models ◽  
Integration Process ◽  
Sustainable Business ◽  
The Sustainable Development ◽  
Sustainable Business Models ◽  
Development Goals ◽  
The Impact

Sustainable Business Models (SBM) have been seen as a suitable vehicle for organizations to convey sustainability. The SBM requires a company's business strategy to be shaped around sustainability goals. These goals can be integrated into the business strategy by creating an internal commitment focused on sustainability. Enablers play a crucial role in this integration process. The 2030 Agenda issued by the United Nations set clear goals on sustainable development, i.e. the Sustainable Development Goals (SDGs). Firms are encouraged to design SBM to fulfil these goals. Yet, an extensive investigation of the effect of the SBM applications on the SDGs is lacking. This paper is based on a semantic analysis of the relevant literature. The results show the internal enablers that support the integration process of sustainability into the organization's strategy. In addition to that, the underlying classification process highlights the clusters of applications for the SBM. These are, in turn, mapped over the SDGs to show the impact of each cluster on each SDG.

Intertwining CSR with strategy – the way ahead

2014 ◽  
Vol 14 (2) ◽  
pp. 211-219 ◽  
Author(s):  
Shital Jhunjhunwala
Keyword(s):  
Business Strategy ◽  
Design Methodology ◽  
Business Models ◽  
Corporate Strategy ◽  
Sustainable Business ◽  
Socially Responsible ◽  
Content Type ◽  
Sustainable Business Models ◽  
Corporate Social

Purpose – The purpose of this paper is to emphasize the importance and means of making corporate social responsibility (CSR) an integral part of corporate strategy with the help of case studies. Design/methodology/approach – The article explores the transformation of business from being egocentric to socially responsible. With the use of examples it demonstrates how integrating CSR into strategy can create sustainable business models. Findings – Firms need to develop a framework for integrating CSR into their business strategy for long term successful survival. Social implications – Corporates and society are intertwined and mutually dependent. Business cannot survive without society's acquiescence nor succeed without its active support. Originality/value – The article explains the benefits of CSR and how to make it an integral part of business strategy to gain a competitive advantage.

TRANSFORMATION OF THE INTERNAL AUDIT IS AN EFFECTIVE WAY TO INCREASE THE CONTRIBUTION TO THE SUSTAINABLE DEVELOPMENT OF A BUSINESS ENTITY

2021 ◽  
Vol 2 (2) ◽  
pp. 114-119
Author(s):  
PHAN THI THANH QUYEN ◽  
Keyword(s):  
Sustainable Development ◽  
Business Model ◽  
Significant Contribution ◽  
Internal Audit ◽  
Governance Structure ◽  
Sustainable Business ◽  
Corporate Governance Structure ◽  
The Sustainable Development ◽  
Internal Auditors

The role of internal audit in ensuring sustainable development of economic entities is indisputable. How-ever, the biggest challenge faced by internal auditors is how the level of their contribution can truly be weighed against the ability and role recognized by society, especially as most economic actors move from a traditional business model to a sustainable business model. The article highlights the main approaches to the transfor-mation of internal audit in order to make it an integral part of the corporate governance structure and make a significant contribution to sustainable development.

scholarly journals Sustainable practices through green guerrilla marketing – an innovative approach

2017 ◽  
Vol 8 (2) ◽  
pp. 61 ◽  
Author(s):  
Harshita Gupta ◽  
Saumya Singh
Keyword(s):  
Sustainable Development ◽  
Vietnam War ◽  
Guerrilla Warfare ◽  
Marketing Concept ◽  
Socially Responsible ◽  
The Sustainable Development ◽  
Customer Base ◽  
Guerrilla Marketing ◽  
The 1960S ◽  
Near Future

Sustainability is the need of the hour. Organizations that align the interests of all their stakeholders – customers, investors and employees are considered to act for sustainable development. But some of the organizations compromise to this fact. They are rather busy exploiting the resources. Bluffing the customers for making quick profits has become a prevalent notion. Amidst all these selfish motives, they tend to forget about the repercussions which we and our planet may endure as a whole in near future. There are many evidences when responsible companies have proved themselves performing better in the long run.Green Guerrilla Marketing is an innovative concept, trying to figure out various ways to successfully market the products and at the same time acting ethically and socially responsible towards the sustainable development. It revolves around being conscious about 3Ps which are People, Profits and Planet. Guerrilla Marketing is an unconventional marketing strategy that focuses on attracting huge customer base with least amount of cost involved. Roots of Guerrilla Marketing can be traced to guerrilla warfare that was off-center warfare technique using unusual tactics by the armed civilians during Vietnam War in the 1960s. Since then this marketing concept has attracted many business houses. So far, Guerrilla Marketing was considered only as a creative tool for promoting ones’ product and services but now it can be seen as a responsible tool as well, which works toward a better society at large under the broad head of Green Guerrilla Marketing. Therefore, the paper is a pioneer attempt in understanding the potential of Green Guerrilla Marketing in the light of both sustainability and innovation at the same time. Also, it discusses various guerrilla techniques to market the products ethically without compromising on the profits. In the end, the paper also evaluates the examples to examine the concept.

scholarly journals Micro-regionalisation of a Tourist Destination - a Model for a Sustainable Development of a Tourist Destination on the Example of Botevgrad Municipality

2019 ◽  
Vol 17 (Suppl.1) ◽  
pp. 125-132
Author(s):  
D. Alexova
Keyword(s):  
Sustainable Development ◽  
Sustainable Tourism ◽  
Local Level ◽  
Expert Assessment ◽  
Analysis Method ◽  
Tourist Destination ◽  
The Sustainable Development ◽  
Sustainable Tourism Development ◽  
Successful Model ◽  
Analysis And Synthesis

The survey includes a study of destination planning and development at a local level through micro-regionalization. The subject of this work is the study, analysis and definition of opportunities for sustainable tourism development at a local level as a model that can be multiplied to be used in other developing tourist destinations. The objective of the study is the sustainable development of tourism in the municipality of Botevgrad and its positioning as an attractive tourist destination. To achieve the research goal, a set of general and private methods corresponding to the interdisciplinary and heterogeneous nature of the study are used: methods of analysis and synthesis, cameral method, cartographic method, geographic methods of research: spatial analysis of the resource potential, localization of the surveyed sites. An approach of studies and systematization of information on literary sources and planning documents has also been used; collecting, processing, systematizing and interpreting statistical data and documents; critical analysis method and expert assessment; comparative analysis method; scientific analysis and synthesis; field observation. The main conclusions point the opportunities for destination management at a local level through micro-regionalisation as a successful model for sustainable tourism.

The Challenges of Sustainable Business Development in the Post-Industrial Society in the First Half of the 21st Century

2018 ◽  
pp. 1-22 ◽  
Author(s):  
Vasja Roblek ◽  
Ivan Erenda ◽  
Maja Meško
Keyword(s):  
Sustainable Development ◽  
21St Century ◽  
Business Models ◽  
Sustainable Growth ◽  
Industrial Society ◽  
Sustainable Business ◽  
The Sustainable Development ◽  
Non Profit ◽  
Post Industrial

The purpose of the chapter is to find out the meaning of the sustainable development in the post-industrial society in the first half of the 21st century. The financial crisis that started in 2008 is an indicator of how short-term profitability mindsets and related strategies, policies and actions of individuals and individual organizations can cause global economic, ecological and ethical crises. These events have contributed to the judgement that most organizations operate on business models that are not sustainable. The conceptual content contributes to the ongoing discussion about the increasingly important role of sustainable development as a major concern for the profit and non-profit sector that wish to develop the policies that will enable low but sustainable growth of society.

Sustainable Business Model Innovation

2017 ◽  
pp. 140-159 ◽  
Author(s):  
Job Taminiau ◽  
Joseph Nyangon ◽  
Ariella Shez Lewis ◽  
John Byrne
Keyword(s):  
Sustainable Development ◽  
Business Model ◽  
Business Models ◽  
Sustainable Energy ◽  
Business Model Innovation ◽  
Sustainable Business ◽  
The Sustainable Development ◽  
Mitigation And Adaptation ◽  
Sustainable Business Models ◽  
Development Goals

Establishing a sustainable energy future can justifiably be considered the next frontier in global sustainable development under the agenda laid out in the Sustainable Development Goals (SDGs). The newly adopted Paris Agreement which seeks to hold global average temperature increase to “well below 2°C” above pre-industrial levels inserts additional urgency into this agenda. To realize the commitments outlined in the agreement, implementation of innovative sustainable business models capable of producing strong mitigation and adaptation outcomes is required ‘on the ground' and needs to be available for subsequent diffusion across different countries, contexts and domains. This chapter explores the value of polycentric climate change governance through an investigation of sustainable business model innovation. An example of a sustainable business model, called the Sustainable Energy Utility (SEU), is evaluated and an assessment of United Nations-based programming to aid future diffusion of such business models is conducted.

Biomimetic economy: human ecological-economic systems emulating natural ecological systems

2019 ◽  
Vol 15 (6) ◽  
pp. 772-785
Author(s):  
Unai Tamayo ◽  
Gustavo Vargas
Keyword(s):  
Sustainable Development ◽  
Business Models ◽  
Basque Country ◽  
Ecological Systems ◽  
Economic Systems ◽  
Business Practices ◽  
Levels Of Abstraction ◽  
Sustainable Business ◽  
Content Type ◽  
The Sustainable Development

Purpose The purpose of this paper is to examine the use of biomimicry to inspire sustainable development in economic systems. The research purpose is to explore the link between ecological systems and economic systems to highlight applied environmental solutions. The goal is to propose some driver to develop sustainable business practices inspired on the principles of biomimicry. Design/methodology/approach This paper provides a theoretical approach that builds the basis for a better understanding of the relationship between nature and sustainable economic decisions. The premise is that in the field of sustainable development, strategies based on “learning from nature” are useful. Furthermore, the concept of biomimicry provides principles and tools specifically aimed at design practice. Findings The complexity of economic systems has shown that high levels of abstraction are required when conceptualising problems and explanations related with nature-inspired solutions. Stakeholder engagement and transdisciplinary collaboration are required to face long-term environmental challenges. Moreover, the exploratory analysis applied in this paper appeared suitable to compile existing literature. Practical implications The study provides some general guidelines and empirical approach through case studies that could help decision makers convert nature-inspired alternatives into valuable strategic business opportunities. Although presented practical cases are framed in the local sphere (i.e. the Basque Country), they can serve as references in other international contexts. Social implications New business models should recognize the positive synchronization between well-managed social, environmental and economic systems. Originality/value The proposed ideas deepen the understanding on the sustainable development and the link between ecological and economic systems. In fact, the concept of biomimetic economy has not been dealt with or developed in depth in previous academic works, nor has it been published thoroughly in the field of research.

Sign in / Sign up

Export Citation Format

Share Document