scholarly journals Sustainable Wine Tourism Development: Case Studies from the Greek Region of Peloponnese

2020 ◽  
Vol 12 (12) ◽  
pp. 5223 ◽  
Author(s):  
Dimitris Karagiannis ◽  
Theodore Metaxas
Keyword(s):  
Secondary Data ◽  
Wine Industry ◽  
Business Practices ◽  
Multiple Sources ◽  
Sustainable Business ◽  
Wine Tourism ◽  
Cluster Data ◽  
Internet Information ◽  
Operational Practices ◽  
The Impact

Even though Greece has had an agriculture-oriented economy for decades, recently it has relied heavily on tourism, which now constitutes 30% of the national GDP. Successful developmental synergies of tertiary and primary sectors are still in question. Sustainability practices are still in their infant stage in both sectors of the economy, preventing development. This paper aims to study the relationship between tourism and sustainability in wine-related enterprises in Greece. This is achieved through an examination of the successful business practices of Greek wineries from the leading wine-producing region of the Peloponnese and the impact of sustainability toward their operational practices. Many studies have related sustainability to the wine industry and have recognized that for most wine-related practitioners, the first priority is leaving the land in a better shape for the next generation. The study focuses on illustrative successful Greek wineries that participate in the “Peloponnesian wine routes” cluster. Data were gathered from multiple sources, including secondary data, company records, internet information, face-to-face interviews and on-site observations. The analysis of data revealed a number of aspects between the sustainable wine tourism business practices explored and the way that innovation has evolved. Further studies on common denominators and distinguishing criteria between sustainable business practices would be valuable to researchers and practitioners, destination management organizations and regional development policy makers.

GREENWASHING: A PROPOSAL TO RESTRICT ITS SPREAD

2014 ◽  
Vol 16 (04) ◽  
pp. 1450030 ◽  
Author(s):  
DAVID MARKHAM ◽  
ANSHUMAN KHARE ◽  
TERRY BECKMAN
Keyword(s):  
Public Discourse ◽  
Active Role ◽  
Environmental Benefits ◽  
Business Practices ◽  
Sustainable Business ◽  
Service Production ◽  
Regulatory Instruments ◽  
Operational Practices ◽  
The Impact ◽  
Number Of Firms

Recent years have seen a rapid rise in the number of firms publicly touting the environmental merits of their products or their operational practices. This is driven by the changing societal concern and public discourse around environmental issues. What was once an infrequent conversation has emerged as a moral obligation. While the number of "green" products available in the market has grown, these conditions have also resulted in firms deliberately misleading consumers about their environmental performance or the environmental benefits of their products, a condition commonly known as "greenwashing." This paper will argue that the urgency to address our rapidly deteriorating environment requires that tangible steps be taken to control incidents of greenwashing. It examines the merits and drawbacks associated with government's taking an active role in the regulation of greenwashing and argues that the current regulatory instruments being used by governments to address greenwashing are not likely to be successful in addressing the problem. Finally, the paper proposes a new regulatory instrument where governments and interested stakeholders work together to collect and disseminate information on sustainable business practices and the impact of goods and service production on the environment.

Islamic Financing Effects on Small Medium Enterprises Competitiveness

2021 ◽  
Vol 1 (1) ◽  
pp. 100-113
Author(s):  
Adedeji Saidi Adelekan
Keyword(s):  
Financial Services ◽  
Small And Medium Enterprises ◽  
Practical Implication ◽  
Least Square ◽  
Islamic Finance ◽  
Business Practices ◽  
Sustainable Business ◽  
Product Price ◽  
Medium Enterprises ◽  
The Impact

Islamic financing has been identified as an alternative to conventional financial services. However, the extent to which the Islamic financing model could drive small and medium enterprises' (SMEs) competitiveness has been a significant concern in the existing literature. Hence, this study investigates the impact of Islamic financing on SMEs' competitiveness.Adopting the survey research design, the study investigated 400 SME owners/managers in the Southern part of Nigeria. The study employed the ordinary least square regression in the analysis of data. The result establishes that Islamic finance is a significant driver of SMEs' competitiveness. The results specifically reveal that Islamic finance is critical in driving product price, customer experience, and quality of products. The practical implication of Islamic finance may reduce its operational cost since it comes at a no-interest rate while giving room for more innovative prices and customer-centric products at competitive prices. SMEs are to leverage on the opportunities provided by Islamic finance for them to adopt sustainable business practices 

Wine tourism signage programs in the USA

2017 ◽  
Vol 29 (4) ◽  
pp. 457-483
Author(s):  
Erick T. Byrd ◽  
Joyendu Bhadury ◽  
Samuel P. Troy
Keyword(s):  
Best Practices ◽  
Secondary Data ◽  
Tourism Industry ◽  
Wine Industry ◽  
Primary Data ◽  
Regulatory Environment ◽  
Content Type ◽  
Wine Tourism ◽  
The Usa ◽  
Practical Implications

Purpose Highway signage programs are important to the success of winery tourism industry. The purpose of this paper is to investigate the regulatory environment US wineries operate under in regards to highway signage programs. The goal then is to compare wine tourism-related highway signage programs in the USA and identify best practices for the programs. Design/methodology/approach Twenty-six programs from 13 US states are included in this study. Research collected both primary data (through interviews with 30 officials and representatives) and secondary data (from websites, government publications) to identify the costs, regulations and rules of each program. Findings A review of these programs shows that while there are many common elements in these programs, all are managed differently, have different operational and facility requirements for participation and vary in cost. Practical implications Highway signage programs related to winery tourism are best administered by a single state-wide governmental agency or foundations/trusts. Second, highway signage program should link with a separate certification program for the wineries which guarantees a certain minimum amount of local content. Winery owners and officials interviewed also emphasized the need for synergy among neighboring wineries to facilitate winery tourism. Originality/value Limited research has been conducted about the regulatory environment of signage programs that are specific to the wine industry in the USA. This study begins to address this gap in the literature by presenting an overview and best practices of 26 wine tourism-related highway signage programs from 13 different states across the USA.

scholarly journals An Innovative Approach to the Implementation of Sustainable Business Ideology in Ukraine

2021 ◽  
Vol 77 (4) ◽  
pp. 48-63
Author(s):  
Borys Burkynskyi ◽  
Natalya Andryeyeva ◽  
Nina Khumarova ◽  
Katyeryna Konstetska
Keyword(s):  
Sustainable Development ◽  
Innovation Policy ◽  
Methodological Approach ◽  
Expert Assessment ◽  
Business Practices ◽  
Sustainable Business ◽  
Business Decision ◽  
Economic Criterion ◽  
The Social ◽  
The Impact

According to the Sustainable Development Goals (UN, 2015), making sustainable business decisions should be the driving force in achieving environmentally-oriented improvements. The key document that supports the 10 principles that ensure SDGs is the United Nations Global Compact Strategy 2021–2023 (UN, 2021). Achieving the goals of the Strategy requires the use of an improved business decision-making model that simultaneously increases revenues and revises the distribution of domestic funds for meeting the principles in the sphere of human rights, economic growth, satisfactory working conditions and the environment, and combating corruption as a key driver of corporate sustainability and responsible business practices. The authors have developed a methodological approach to the assessment of business sustainability, which is based on a combination of elements: analysis of world best practices and trends, determination of the impact of business on the social status and environment, quality assessment of relevant certification, and analysis of compliance with social indexes of sustainable development. The analysis of economic indicators of sustainable business (The B Impact Assessment, 2021) for 2020–2021 allowed singling out companies that finance the environmental sphere. Today, a quarter of the world’s countries carry on sustainable business and finance the environmental degradation impact. The 8 leaders include: France, USA, Brazil, India, Germany, Norway, Ireland and South Korea. Methods of rating and expert assessment constitute an applied aspect of research for identification of prospects of sustainable business formation in Ukraine in the regional context. The result shows that only 8 regions are suitable for sustainable business conduct, while the environmental criterion is more than 9.2 points of 10, the economic criterion does not exceed 5, and the social criterion is 4.02–5.02. Therefore, it is necessary to focus on the organization of sustainable business according to the key strategic state priorities in formation of the mechanisms for the investment and the innovation policy of a sustainable development support system through the use of regulatory tools for reformation of existing business approaches to internationally regulated ones, such as business for nature.

scholarly journals The Relationship between Industrial Heritage, Wine Tourism, and Sustainability: A Case of Local Community Perspective

2020 ◽  
Vol 12 (18) ◽  
pp. 7453 ◽  
Author(s):  
María Andrade-Suárez ◽  
Iria Caamaño-Franco
Keyword(s):  
Quantitative Methods ◽  
Local Community ◽  
Wine Industry ◽  
Primary Data ◽  
The Sustainable Development ◽  
Wine Tourism ◽  
Local Perception ◽  
General Terms ◽  
The Impact ◽  
The Relationship

Our research addresses wine tourism as a means of enhancing the heritage and industrial memory of wine. Specifically, it considers winery tours as a form of industrial tourism capable of boosting the sustainable development of winemaking territories. This article explores the significance and perception of wine tourism from the perspective of the local community by examining a specific case: The Port Wine Cellars in Vila Nova de Gaia (Portugal), where tourism and the wine industry are undergoing a greening process, sharing both cultural and commercial ties. The originality of this article lies in the empirical part of the research, which, using quantitative methods based on questionnaires, provides primary data regarding the relationship between sustainability and industrial wine tourism from the perspective of local residents, key agents in the promotion and success of the destination. In general terms, the results statistics obtained through a cluster analysis show that local perception of the impact of wine tourism in Gaia is favorable, and it is considered an element with the capacity to revitalize the economy and also enhance the city’s image. It is also seen as a sustainable option, attributable mainly to economic, cultural, and governance considerations.

A sustainable business model in services: an assessment and validation

2015 ◽  
Vol 7 (1) ◽  
pp. 17-33 ◽  
Author(s):  
Nils M. Høgevold ◽  
Goran Svensson ◽  
Carmen Padin
Keyword(s):  
Business Model ◽  
Service Sector ◽  
Service Industry ◽  
Business Practices ◽  
Business Networks ◽  
Multiple Sources ◽  
Sustainable Business ◽  
Organizational Boundaries ◽  
Content Type ◽  
Environmental Initiatives

Purpose – The purpose of this paper is to explore and describe a sustainable business model in a service industry. Design/methodology/approach – A case study was performed during 2012-2013. It is based upon a major Scandinavian hotel chain known for having implemented documented, extensive and systematic sustainable business practices within the company and in its business network. Data were gathered from multiple sources to explore and describe their sustainable business model. Findings – This study provides a validation in a service industry of an assessed sustainable business model derived from a goods industry and from other industries as well. The empirical findings indicate that the model appears to be universally applicable across sources and stakeholders in the service sector beyond company- and industry-specific characteristics in services. Research limitations/implications – Further research that may validate or falsify current empirical findings in other business settings is presented. Suggestions for further research are provided, such as a focus on similarities and differences across companies, industries and countries worldwide. Practical implications – Environmental initiatives and efforts need to go hand-in-hand with the social and economic ones. The interconnection between environmental, social and economic elements is necessary and crucial if it is to be successful in the marketplace and society. Social implications – A sustainable business model is not about simplistic initiatives and efforts of sustainable business practices. A multitude of initiatives and efforts are required in the marketplace and society. Originality/value – It contributes to visualize an all-embracing perspective on the challenges, complexities and dynamics of implementing sustainable business practices within and beyond corporate or organizational boundaries toward business networks in the marketplace and society.

scholarly journals Does CSR Governance Improve Social Sustainability and Reduce the Carbon Footprint: International Evidence from the Energy Sector

2021 ◽  
Vol 13 (7) ◽  
pp. 3596
Author(s):  
Asif Saeed ◽  
Umara Noreen ◽  
Akbar Azam ◽  
Muhammad Sohail Tahir
Keyword(s):  
Carbon Footprint ◽  
Social Issues ◽  
Energy Sector ◽  
Board Members ◽  
Business Practices ◽  
Carbon Trading ◽  
Sustainable Business ◽  
Carbon Footprints ◽  
The Social ◽  
The Impact

In today’s world, the energy sector is considered the backbone of any economy and plays a key role in carbon trading markets and mitigation actions. This study explores the impact of CSR governance on carbon footprints and the social performances of the energy sector. Using an international sample of 45 countries from 2002 to 2017, we find that the existence of a CSR committee improves the firm’s social responsibility and effectively mitigates the carbon footprint. Further, our results present that a large CSR committee with more experienced board members are effective to implement sustainable business practices. Furthermore, a CSR committee with experienced board members does not mitigate the environmental and social concerns, when energy firms have more powerful CEOs. Collectively, our evidence indicates that the existence of CSR governance is favorable to focus on social issues than environmental ones.

scholarly journals Cost Reduction and Sustainable Business Practices; A conceptual approach

2020 ◽  
Vol 26 (118) ◽  
pp. 78-87
Author(s):  
Dikko Bello
Keyword(s):  
Natural Resources ◽  
Cost Reduction ◽  
Natural Resources Management ◽  
Business Practices ◽  
Significant Implication ◽  
Conceptual Approach ◽  
Sustainable Business ◽  
Environmentally Conscious ◽  
Resources Management ◽  
The Impact

An excellent reputation earned by initiating and practicing sustainable business practices has additional benefits, of which are reducing environmental incidents and an improvement in operational efficiency as this has the potential to help firms improve on productivity and bring down operating costs. Taken further, with ever-increasing socially and environmentally-conscious investors and the public alike, this act of natural resources management could have a significant implication on market value and income of the practicing firms. The above proposition has been supported by sustainable business practices literature that is continuously conversing and deliberating upon the impact of efficient resource deployment and sustainable business practices.  This paper aims to add value and contribute by offering inferences on cost reduction possibilities through improved natural resources management. Therefore it is an entirely conceptual level approach that provided potentially efficient tools for business sustainability and profitability

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.

scholarly journals Luxury international business: a critical review and agenda for research

2019 ◽  
Vol 15 (2/3) ◽  
pp. 219-238 ◽  
Author(s):  
Joanne Roberts
Keyword(s):  
International Business ◽  
Critical Review ◽  
Social Impact ◽  
Business Practices ◽  
Sustainable Business ◽  
Unequal Distribution ◽  
Content Type ◽  
Wide Range ◽  
The Impact ◽  
Distribution Of Income

Purpose Through a critical review of the impact of luxury international business, this study aims to contribute to an understanding of business activities that depend on an unequal distribution of income and wealth. Design/methodology/approach Drawing on a wide range of academic and practitioner literature, this study adopts a critical luxury studies approach to provide an assessment of the economic and social impact of luxury international business. Findings Luxury is an increasingly important sector of the economy, which contributes to the welfare of increasing numbers of people across the world. Alongside its dependence on an unequal distribution of income and wealth and the negative aspects to which this gives rise, luxury business generates significant benefits to the economy and society through promoting economic growth, innovation, cultural enrichment, improved quality of the built environment and environmentally sustainable business practices. Nevertheless, an appropriate level of regulation and taxation on the excesses of contemporary luxury consumption could improve the welfare of all. Hence, luxury international business warrants investigation by critical scholars who recognize the complexity of the benefits and dark sides arising from luxury. Research limitations/implications This study draws on an extensive review of academic and practitioner literature. However, primary research is required to investigate further the key issues identified. Social implications Through an exploration of the impact of the production and consumption of luxury, this study reveals how luxury businesses serving the super-rich can contribute to the welfare of society whilst also giving rise to negative outcomes. Originality/value By adopting a critical luxury studies approach, this study offers an original contribution to the field of international business and introduces avenues for future critical international business research.

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