A Model for Improving the Adoption of Sustainability in the Context of Globalization and Innovation

2012 ◽  
pp. 500-521 ◽  
Author(s):  
David L. Rainey
Keyword(s):  
Sustainable Development ◽  
Global Economy ◽  
Driving Forces ◽  
Business Environment ◽  
Leading Change ◽  
Negative Effects ◽  
Strategic Innovation ◽  
Doing Business ◽  
Regional Markets ◽  
Global Corporations

This chapter presents the foundations of a conceptual model for connecting the key elements necessary for corporations to adopt sustainability in the context of the global economy and strategic innovation. While there are numerous theories and practical methods for managing in a national or even regional markets, most of them lack the sophistication necessary for leading change in a global business environment. With the advent of globalization, the complexities of doing business on a global basis have increased dramatically over the last two decades. While sustainability involves many perspectives, strategies, actions, and management constructs, the chapter focuses on how global corporations employ strategic innovations in response to the driving forces in the global economy and how they can improve their level of management sophistication in a turbulent business environment. The model incorporates the concepts of sustainability and sustainable development in creating the solutions, systems and structures for doing business in the global economy. It focuses on strategic innovations that provide more positive aspects and fewer negative ones. Sustainability and sustainable development are based on proactive strategies and actions that exceed expectations and outperform peers and competitors alike. Strategic innovations are dramatic changes that have the potential to create dramatic new solutions that create exceptional value and eliminate or reduce negative effects and impacts. Strategic innovations include radical technological innovations, business model innovations, product developments, and organizational developments that are game changers.

A Model for Improving the Adoption of Sustainability in the Context of Globalization and Innovation

2012 ◽  
pp. 18-39
Author(s):  
David L. Rainey
Keyword(s):  
Sustainable Development ◽  
Global Economy ◽  
Driving Forces ◽  
Business Environment ◽  
Leading Change ◽  
Negative Effects ◽  
Strategic Innovation ◽  
Doing Business ◽  
Regional Markets ◽  
Global Corporations

This chapter presents the foundations of a conceptual model for connecting the key elements necessary for corporations to adopt sustainability in the context of the global economy and strategic innovation. While there are numerous theories and practical methods for managing in a national or even regional markets, most of them lack the sophistication necessary for leading change in a global business environment. With the advent of globalization, the complexities of doing business on a global basis have increased dramatically over the last two decades. While sustainability involves many perspectives, strategies, actions, and management constructs, the chapter focuses on how global corporations employ strategic innovations in response to the driving forces in the global economy and how they can improve their level of management sophistication in a turbulent business environment. The model incorporates the concepts of sustainability and sustainable development in creating the solutions, systems and structures for doing business in the global economy. It focuses on strategic innovations that provide more positive aspects and fewer negative ones. Sustainability and sustainable development are based on proactive strategies and actions that exceed expectations and outperform peers and competitors alike. Strategic innovations are dramatic changes that have the potential to create dramatic new solutions that create exceptional value and eliminate or reduce negative effects and impacts. Strategic innovations include radical technological innovations, business model innovations, product developments, and organizational developments that are game changers.

A Holistic Model for Linking Sustainability, Sustainable Development, and Strategic Innovation in the Context of Globalization

2015 ◽  
pp. 222-247
Author(s):  
David L. Rainey
Keyword(s):  
Sustainable Development ◽  
Global Economy ◽  
Driving Forces ◽  
Global Scale ◽  
Business Environment ◽  
Negative Effects ◽  
Holistic Model ◽  
Strategic Innovation ◽  
Doing Business ◽  
Global Corporations

This chapter presents the foundations of a holistic model for connecting the key elements necessary for corporations to adopt sustainability and sustainable development in the context of the global economy and strategic innovation. The complexities of doing business on a global scale have increased dramatically over the last two decades. While sustainability involves many perspectives, strategies, actions, and management constructs, the chapter focuses on how global corporations employ strategic innovations in response to driving forces in the global economy and how they can improve their level of management sophistication in a turbulent business environment. The holistic model focuses on strategic innovations that provide more positve aspects and fewer negative ones since innovations have the potential to create dramatic new solutions with exceptional value and to eliminate or reduce negative effects and impacts. Strategic innovations include radical technological innovations, business model innovations, product developments, and organizational developments that are game changers.

A Holistic Model for Linking Sustainability, Sustainable Development, and Strategic Innovation in the Context of Globalization

2020 ◽  
pp. 357-382
Author(s):  
David L. Rainey
Keyword(s):  
Sustainable Development ◽  
Global Economy ◽  
Driving Forces ◽  
Global Scale ◽  
Business Environment ◽  
Negative Effects ◽  
Holistic Model ◽  
Strategic Innovation ◽  
Doing Business ◽  
Global Corporations

This chapter presents the foundations of a holistic model for connecting the key elements necessary for corporations to adopt sustainability and sustainable development in the context of the global economy and strategic innovation. The complexities of doing business on a global scale have increased dramatically over the last two decades. While sustainability involves many perspectives, strategies, actions, and management constructs, the chapter focuses on how global corporations employ strategic innovations in response to driving forces in the global economy and how they can improve their level of management sophistication in a turbulent business environment. The holistic model focuses on strategic innovations that provide more positive aspects and fewer negative ones since innovations have the potential to create dramatic new solutions with exceptional value and to eliminate or reduce negative effects and impacts. Strategic innovations include radical technological innovations, business model innovations, product developments, and organizational developments that are game changers.

scholarly journals Fostering Sustainable Development through Shifting Toward Rural Areas and Digitalization—The Case of Romanian Universities

2020 ◽  
Vol 12 (10) ◽  
pp. 4020
Author(s):  
Maria-Floriana Popescu ◽  
Bogdan-Cristian Chiripuci ◽  
Andreea Orîndaru ◽  
Marius Constantin ◽  
Albert Scrieciu
Keyword(s):  
Sustainable Development ◽  
Rural Area ◽  
Rural Areas ◽  
Multicriteria Analysis ◽  
Business Environment ◽  
Future Research ◽  
Leading Change ◽  
Long Term Effects ◽  
Research Results ◽  
The Impact

Educational institutions, especially universities, have been major pillars in societal transformation throughout society’s history. They have been leading change through their discoveries, research results, and foremost, their example. Nowadays, universities have once again taken the role of leading change in a world that is profoundly determined to have a sustainable approach to life, paying attention to the long-term effects of their actions. In this sense, under the impact of deep digitalization, this paper advocates for the sustainable development of universities regarding campuses’ expansion to rural areas. Moreover, it was demonstrated that sustainable development can be achieved by embracing the potential of digitalization. Based on a multicriteria analysis of the Romanian development regions, the research results showed that the rural area might be a welcoming environment for campuses of sustainable universities, based on digitalization at the level of the rural area in all activity fields, which is an initiative that would generate positive outcomes on many levels for different types of stakeholders, such as universities, students, staff, rural area population, and the nearby business environment. Future research aims to approach and explain the compounded effects of such an approach in depth and establish an even clearer picture of how beneficial such an expansion could prove to all factors considered under a knowledge-based society with digitized information as a vital pillar.

scholarly journals SUSTAINABILITY IN THE BUSINESS ENVIRONMENT THROUGH INTERCULTURAL DIALOGUE

2019 ◽  
Vol 7 ◽  
pp. 360-369
Author(s):  
Vyara Kyurova ◽  
Teodora Kiryakova-Dineva
Keyword(s):  
Sustainable Development ◽  
Global Economy ◽  
Business Performance ◽  
Interpersonal Relations ◽  
Cash Flows ◽  
Business Environment ◽  
Intercultural Dialogue ◽  
Business Practices ◽  
Business Connections ◽  
Business Relations

In the contexts of global economy and the increasing necessity for sustainable development of the business connections all over the world, the relations between the partners often involves not only the foreign language communication but also the dialogue between their cultures. International economic activity takes place in a set of business environments (business arrangements, timelines, quality output, sales, cash flows) which are also largely determined by additional cultural business conditions (culture as communication, attitude towards power, organizational hierarchy, interpersonal relations, etc.). In this sense, intercultural dialogue is a particularly important tool for achieving excellence and sustainable business relations between economic partners from different countries. In this paper, we suggest that intercultural dialogue in the international business environment is an indispensable tool for achieving economic effectiveness and goals, and can be assessed on the same scale as business performance. In order to identify the need of awareness-raising concerning the importance of intercultural dialogue as a business environment facilitator, a survey regarding the sewing industry in southwestern Bulgaria was conducted. The survey involved 16 small enterprises (participating with professionals from four different positions) working with firms from Greece. The evaluation of the business relations was actualized at two levels: the level of assessing the ability of professional communication and the level of assessing the ability of intercultural dialogue. Following the results obtained, the authors suggest a more active inclusion of intercultural dialogue in business practices and in negotiation. This recommendation fully corresponds to the Global goals of sustainable development because it contributes to the improvement of global partnership.

scholarly journals Adapting Business to Sustainable Development and New Technology

2021 ◽  
Author(s):  
Sandra Jednak
Keyword(s):  
Sustainable Development ◽  
Mergers And Acquisitions ◽  
Business Performance ◽  
New Technology ◽  
New Products ◽  
Business Environment ◽  
Organizational Goals ◽  
Doing Business ◽  
Business Changes ◽  
External Causes

Different internal and external causes make differences in doing business. Changes within an organization may be caused by mergers and acquisitions, crises, organizational culture, and application of new technology, but also by external changes such as sustainable development, digitalization, and COVID19. Changes in business environment affect the change in behaviour, competencies and values as well as in business activities, all in order to achieve organizational goals. Sustainable development brings sustainable practice into business. Each organization considers economic, social, and environmental dimensions of their business and implementation of ESG (environment, social, and governance) criteria. Digitalization affects business by adapting and combining different technologies that provide the creation of new products/services, processes, decisions, relations between companies, employees and customers, and business performance. There are also relations between the causes. Digitalization impacts sustainability and vice versa. Moreover, sustainable development and digitalization influence how an organization adapts and runs its business.

scholarly journals Sustainable development reporting and sustainable financing: Challenges for small and medium enterprises

2020 ◽  
Vol 9 (18) ◽  
pp. 49-61
Author(s):  
Milica Pavlović ◽  
Ksenija Denčić-Mihajlov
Keyword(s):  
Sustainable Development ◽  
Business Performance ◽  
Small And Medium Enterprises ◽  
Professional Associations ◽  
Business Environment ◽  
Integrated Reporting ◽  
Socially Responsible ◽  
Doing Business ◽  
Medium Enterprises ◽  
The Impact

In a dynamic business environment, the importance of doing business in accordance with the principles of sustainable development is recognized not only by large companies, but also by small and medium enterprises, which are the "driving force" of modern economies. Having in mind the commitment to socially responsible business and the requirements of the modern business environment, it is necessary to inform stakeholders about the impact of companies on society and the environment, as well as socially responsible activities that companies carry out due to changes in conditions and ways of doing business. Accordingly, it is necessary to implement integrated reporting, which would include, in addition to traditional financial, nonfinancial indicators of business performance. In order to adopt an internationally recognized methodology for evaluating the performance of sustainable development, certain initiatives have been taken by regulators, standard setters and professional associations. Due to their characteristics, small and medium-sized enterprises require special guidelines when compiling reports on sustainable development. The focus of this paper is on the challenges that these companies face in disclosing information on sustainable development indicators. Special attention is paid to the costs of this type of reporting, the lack of necessary resources and the ownership structure.

PENDIDIKAN UNTUK PEMBANGUNAN BERKELANJUTAN

2018 ◽  
Vol 10 (3) ◽  
pp. 304
Author(s):  
Familia Novita Simanjuntak
Keyword(s):  
Sustainable Development ◽  
Global Economy ◽  
Autonomous Motivation ◽  
Human Society ◽  
Environmental Attitude ◽  
Development Education ◽  
Environmental Behaviors ◽  
Sustainable Environment ◽  
Complex Dimensions ◽  
Earth Environment

ABSTRACTSustainable development urges to merge the three complex dimensions: global economy, global society and physically earth environment. Sachs (2015) states that sustainable development is the expert effort to comprehend the world and the method to solve the crowded earth issues by the global population growth that nine times increase than the first industry era. Education is one of fatal element for sustainable development phase especially for the human (society) development. Human development becomes the main core of invesment for economy development because it is prepared for the youngst as the next generation to develop economic improvement individually for their family and also for their community (include for the State’s development interest). Marshall, Hine and East (2017) studied about the education which develop the autonomous motivation to support individu execute the pro-environmental behaviors (PEBs). This autonomous motivation will establish the environmental attitude and personality in decision making and action of sustainable environment protection and preservation.Keywords: sustainable development, education, pro-environmental behaviors ABSTRAKPembangunan berkelanjutan berupaya untuk mengkaitkan tiga sistem yang rumit yaitu sistem ekonomi dunia, sistem sosial dunia dan lingkungan fisik bumi. Sachs (2015) menyatakan bahwa pembangunan berkelanjutan menjadi cara para pakar untuk memahami dunia dan sebuah metode untuk menyelesaikan permasalahan dunia yang berawal dari sesaknya bumi akibat pertumbuhan penduduk dunia yang sudah mencapai sembilan kali lebih banyak dari populasi manusia yang hidup pada jaman dimulainya revolusi industri. Pendidikan adalah salah satu komponen yang penting dalam proses pembangunan berkelanjutan terutama pembangunan yang terkait manusia (sosial). Pembangunan manusia menjadi bagian vital dari investasi yang dibutuhkan dalam pembangunan ekonomi karena merupakan jalur investasi yang disiapkan untuk anak-anak sebagai generasi penerus yang akan melanjutkan perbaikan ekonomi baik secara individu bagi keluarganya maupun secara berkelompok bagi komunitasnya (termasuk kepentingan pembangunan di Negaranya). Penelitian Marshall, Hine and East (2017) menyatakan bahwa pendidikan dapat membentuk dorongan dari dalam setiap individu untuk melakukan perilaku pro lingkungan hidup (pro-environmental behaviours). Dorongan dari dalam individu ini secara otonomi membentuk watak dan karakter yang ramah lingkungan untuk membuat keputusan dan bertindak yang melindungi dan menjaga keberlanjutan lingkungan hidup.Kata kunci: pembangunan berkelanjutan, pendidikan, pro-environmental beharviors

Formation of background of sustainable development and transition to the «green» economy strategy

2020 ◽  
pp. 75-83
Author(s):  
L.Z. Khalishkhova ◽  
A.Kh. Temrokova ◽  
I.R. Guchapsheva
Keyword(s):  
Sustainable Development ◽  
Economic Development ◽  
Global Economy ◽  
Social Problems ◽  
Green Economy ◽  
Human Needs ◽  
Environmental Processes ◽  
Environmental Development ◽  
Current Stage

The article is devoted to the issues of measuring environmentally oriented economic development. The current stage of economic development requires the integration of environmental development, taking into account: environmental boundaries, biosphere processes, social problems, human needs and environmental processes. A green economy can become the main point of growth for the modern global economy. The article presents a complex of measures for the transition to a green economy, as well as tools for their implementation.

scholarly journals Improvements and Spatial Dependencies in Energy Transition Measures

Energies ◽  
2021 ◽  
Vol 14 (13) ◽  
pp. 3802
Author(s):  
Marta Ewa Kuc-Czarnecka ◽  
Magdalena Olczyk ◽  
Marek Zinecker
Keyword(s):  
Driving Forces ◽  
Energy Transition ◽  
Business Environment ◽  
Spatial Effects ◽  
World Economic Forum ◽  
Spatial Error ◽  
New Approach ◽  
Spatial Dependencies ◽  
World Economic ◽  
Transition Index

This article aims to improve one of the newest energy transition measures—the World Economic Forum WEF Energy Transition Index (ETI) and find its driving forces. This paper proposes a new approach to correct the ETI structure, i.e., sensitivity analysis, which allows assessing the accuracy of variable weights. Moreover, the novelty of the paper is the use the spatial error models to estimate determinants of the energy transition on different continents. The results show that ETI is unbalanced and includes many variables of marginal importance for the shape of the final ranking. The variables with the highest weights in ETI did not turn out to be its most important determinants, which means that they differentiate the analysed countries well; nonetheless, they do not have sufficient properties of approximating the values of the ETI components. The most important components of ETI (with the highest information load) belong to the CO2 emissions per capita, the innovative business environment, household electricity prices, or renewable capacity buildout. Moreover, we identified the clustering of both ETI and its two main pillars in Europe, which is not observed in America and Asia. The identified positive spatial effects showing that European countries need much deeper cooperation to reach a successful energy transition.

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