scholarly journals SUSTAINABILITY AND THE CONCEPT OF SHARED VALUE AND THE 4TH INDUSTRIAL REVOLUTION: A BIBLIOMETRIC ANALYSIS OF TWO SCIENTIFIC NETWORKS

2021 ◽  
Vol 32 (2) ◽  
pp. 19-32
Author(s):  
Inge de Wet ◽  
de Kock Imke
Keyword(s):  
Bibliometric Analysis ◽  
Industrial Revolution ◽  
Shared Value ◽  
Business Practices ◽  
Sustainable Business ◽  
Production And Consumption ◽  
Consumption Practices ◽  
Scientific Networks ◽  
Environmentally Friendly Production

The role of the technologies, concepts, and philosophies associated with the Fourth Industrial Revolution (4IR) has been argued to hold significant value in the quest for sustainability. Furthermore, the concept of ‘shared value’ has been put forward as an approach that holds significant value when aiming to bring about socially just, economically fair, and environmentally friendly production and consumption practices. The importance of the link between the concept of shared value and 4IR is explored in this paper using bibliometric analysis, and we expose the different structures of these fields, including keywords, key authors, and the coherence of these two scientific networks in order to uncover areas of integration between them. The findings of this analysis indicate that a clear gap in integration exists; and the opportunity for research in this field could further contribute to the debate on using innovative, contemporary technologies — such as those associated with 4IR — to support approaches to ensure increasingly sustainable business practices, such as shared value.

scholarly journals Sustainable Business Practices and Firm’s Financial Performance in Islamic Banking: Under the Moderating Role of Islamic Corporate Governance

2019 ◽  
Vol 11 (23) ◽  
pp. 6606 ◽  
Author(s):  
Amin Jan ◽  
Maran Marimuthu ◽  
Rohail Hassan ◽  
Mehreen
Keyword(s):  
Corporate Governance ◽  
Financial Performance ◽  
Islamic Banking ◽  
Managerial Ownership ◽  
Business Practices ◽  
Islamic Banks ◽  
Sustainable Business ◽  
Shariah Governance ◽  
Moderating Role

This paper examines the moderating role of Islamic corporate governance on the link between sustainable business practices and the firm’s financial performance. A post-crisis period sustainability data for the decade of 2008–2017 was collected by the study. For data collection, this study used the weighted content method. The Generalized Method of Moments (GMM) statistical test was used for empirical testing. The results of the study found that the link between sustainable business practices with the firm’s financial performance measured from the shareholders’ and the management’s perspective is positive, while the subjected link measured from the market perspective was found to be insignificant. This implies that the market stakeholders of the Islamic banks are reluctant for their bank’s spending on sustainable business practices. Interestingly, the insignificant link between sustainable business practices and market performance became significant with the moderating role of Shariah governance and managerial ownership. It shows that the moderating role of Shariah governance and managerial ownership is giving confidence to market stakeholders of Islamic banks for receiving a higher financial return through sustainable business practices initiatives. These results may provide insights for several policymakers of the Islamic banking industry about integrating vital sustainability practices in their business models and about the balanced moderating role of Islamic corporate governance in the link between sustainable business practice and the firm’s financial performance. It provides a roadmap to the Islamic banking industry for efficient management of sustainability practices from an Islamic perspective and subsequently improvement of financial performance through it.

Pursuing triple bottom line sustainability through conscious corporate governance

2019 ◽  
Vol 40 (1) ◽  
pp. 83-107
Author(s):  
BAF Sukhdeo ◽  
CA Arnolds
Keyword(s):  
Corporate Governance ◽  
Global Financial Crisis ◽  
Pearson Correlation ◽  
Correlation Coefficients ◽  
Employee Relations ◽  
Business Practices ◽  
Sustainable Business ◽  
Bottom Line ◽  
Business Sustainability

The role of leaders in the pursuit of business sustainability has grown in relevance since the reported corporate scandals and the global financial crisis of 2008. This study suggests that conscious leadership, which differs from current leadership styles, is needed in order to achieve business sustainability. Using a sample of 371 directors and senior managers from 167 JSE-listed and 54 unlisted companies, the study investigated the role of conscious leadership in the achievement of sustainable business practices. Regression analyses and Pearson correlation coefficients, as well as Cohen’s d effect sizes, were calculated in order to analyse the data.The empirical results revealed that the respondents regarded conscious leadership as an important part of corporate governance, which led the present study to coin the phrase “conscious corporate governance”. The results also showed that conscious corporate governance is positively related to healthy employee relations, and to the achievement of equal opportunities and workforce diversity, but that this kind of governance is negatively related to company profitability. The study explores the implications of these results.

HR professionals: key drivers for implementing sustainable business practices

2020 ◽  
Vol 19 (5) ◽  
pp. 205-208
Author(s):  
Shabnam Priyadarshini
Keyword(s):  
Sustainable Management ◽  
Management Practices ◽  
Critical Role ◽  
Transformational Change ◽  
Business Practices ◽  
Sustainable Business ◽  
Content Type ◽  
Key Drivers ◽  
Changing Demographics

Purpose The purpose of this paper is to highlight the importance of sustainable management practices in the current era. The paper highlights the critical role that HR Professionals play in driving this sustainability agenda in organizations. Design/methodology/approach The paper delebrates on how the philosophy of various stakeholders has changed in recent years in embracing responsible management practices. The paper also discusses the role of HR Professionals in embedding and internationalizing a sustainable strategy into the organizational culture. It also discusses some ways with the help of suitable examples from the industry. Findings As globalization, ever-changing demographics and competition for the world’s draining resources force transformational change, businesses would require leadership that is not only enlightened but sustainability-savvy as well to prosper. HR has a very critical role to play in aligning talent with these emerging realities. Originality/value This paper discusses how a growing number of organizations are acknowledging sustainability as a key differentiator for competitive advantage. Furthermore, it discusses the significance of HR Professionals in pushing the sustainability agenda in their organizations. It also presents the strategies and methods to achieve the same with the help of suitable examples.

Consumers’ perceptions of food ethics in luxury dining

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Wided Batat
Keyword(s):  
Food Production ◽  
Well Being ◽  
Cultural Dimensions ◽  
Food Ethics ◽  
Business Practices ◽  
Sustainable Practices ◽  
Content Type ◽  
Food Practices ◽  
Production And Consumption ◽  
Consumption Practices

Purpose This paper aims to draw on the sociocultural dimensions of food luxury consumption as a new theoretical foundation to explore the consumers’ perceptions of ethical food production and consumption practices within luxury gastronomic restaurants. Design/methodology/approach The authors conducted a contextualized, qualitative exploration of French luxury dining settings among 35 consumers with different profiles, food cultural backgrounds and gastronomic knowledge. Drawing on Thompson’s analysis framework, the authors captured the narratives beyond the stories told by participants that describe their perceptions and the meanings they assign to ethical food practices in Michelin-starred restaurants. Findings The results illustrate how consumers with different profiles perceive ethical food practices within luxury restaurants. The authors identified three segments: novice, advanced and confirmed according to participants’ acquaintance with luxury gastronomy codes and values. These three profiles served as a framework to examine consumers’ perceptions of ethical food forms – environmental sustainability, food well-being and cultural heritage – within the luxury dining setting. Research limitations/implications The study revealed no one dominant form of ethical food practices as emphasized in prior studies. Rather, there are multiple forms, including functional, hedonic and symbolic values, related to the degree of familiarity and knowledge of consumers in terms of their luxury gastronomic experiences. The findings show that the perception of ethical food practices within luxury restaurants can encompass additional dimensions such as food well-being and cultural preservation and transmission. This information can enrich the restaurant sustainability literature that principally focuses on health, community and the ecological aspects of food ethics in restaurants. Although this study suggests numerous new insights, there are limitations related to focusing on the French food culture. However, these limitations can help us develop other opportunities for future research. Practical implications The findings of this study provide luxury professionals and marketers with key insights into effective strategies to integrate sustainable practices while enhancing the luxury experience. The findings show that to encourage luxury businesses and restaurants to promote sustainable practices, it is necessary to enhance the functional, social, emotional and cultural dimensions of the perceived benefits of offering sustainable luxury experiences and reducing the constraints related to sustainability. Social implications With its focus on the luxury dining settings underpinning the ethical food practices from the perspective of consumers, this research offers novel insights for researchers and luxury professionals interested in ethical and sustainable business practices. Originality/value This research suggests a new way to study sustainability and ethical food production and consumption practices in luxury dining settings – namely, as multiple, culturally embedded perceptions related to three main profiles of luxury gastronomy consumers: novice, advanced and confirmed.

Social Networking Technologies as a Strategic Tool for the Development of Sustainable Production and Consumption

2012 ◽  
pp. 509-522
Author(s):  
Paul T. Kidd
Keyword(s):  
Social Networking ◽  
Structural Changes ◽  
Business Environment ◽  
Business Practices ◽  
Sustainable Business ◽  
Social Shaping Of Technology ◽  
Production And Consumption ◽  
Social Shaping ◽  
Key Issues ◽  
Networking Technologies

Addressed in this conceptual contribution is the use of Social Networking Technologies in the context of support for development of sustainable business practices, specifically the use of these technologies in a radical way to create information flows within the business and from external bodies, that effectively call into question the purpose, values, products, technologies, et cetera of the enterprise. This radical application is needed as part of a process of developing agility. Agility will be required in the future when businesses need to make significant adaptations to the way that they operate. Such fundamental changes in operation will be driven by the complexities of the structural changes in the business environment directly linked with climate change and other problems (e.g. security of energy supplies). Some of the complexities of these structural changes are discussed, along with key issues relating to paradigms, the social shaping of technology, agility, and the proposed application.

scholarly journals EVALUASI SITUS WEB PARIWISATA WONDERFUL INDONESIA BERDASARKAN MODEL ICTRT (INFORMATION, COMMUNICATION, TRANSACTION, RELATIONSHIP, AND TECHNICAL-MERIT)

2019 ◽  
pp. 241
Author(s):  
I Putu Sudhyana Mecha ◽  
Agung Suryawan Wiranatha ◽  
I Nyoman Sudiarta
Keyword(s):  
Industrial Revolution ◽  
Business Practices ◽  
Information Communication ◽  
Website Evaluation ◽  
Five Dimensions ◽  
Weather Information ◽  
Tourism Information ◽  
Further Development ◽  
Level Of Importance

Information technology, especially in industrial revolution 4.0 has changed the business practices of every sector, in which tourism is no exception. In Indonesia, the example can be found in case of tourism website Wonderful Indonesia. Given the important role of this website as a DMO (Destination Management Organization) website, then the evaluation was carried out in order to know its progress. This evaluation was based on ICTRT model that it consists of five dimensions, such as information, communication, transaction, relationship, and technical merit. There was 48 indicators on the ICTRT model, which can be divided as follows: information (18 indicators), communication (7 indicators), transaction (5 indicators), relationship (10 indicators), and technical-merit (8 indicators). Result of the Wonderful Indonesia website evaluation were obtained from a questionnaire distributed to 80 respondents, in which the sample came from travel agencies organization namely ASITA Bali. Based on evaluation result via IPA (Importance-Performance Analysis) graph, it showed that the indicators contained in Information, Transaction, and Relationship dimension needs to be considered, given the level of importance was high, but the performance was still low. Therefore, further development is required related to the indicators above, such as accommodation information, local weather information, attraction tickets, virtual tour, and privacy policy. Keywords: ICTRT model, tourism information, DMO website, Wonderful Indonesia  

Promoting Sustainable Government Regulation: What We Can Learn From California

2019 ◽  
Vol 32 (2) ◽  
pp. 145-158 ◽  
Author(s):  
David Vogel
Keyword(s):  
Government Regulation ◽  
Leadership Role ◽  
Business Practices ◽  
Environmental Standards ◽  
Environmental Amenities ◽  
Sustainable Business ◽  
Policy Initiatives ◽  
Business Interests ◽  
Material Interest

This article describes and explains why the state of California has long played a leadership role in adopting innovative and stringent environmental standards. It argues that critical roles have been played by the state’s attractive natural environment, the extent of threats to its environmental quality, the material interest of citizens in protecting the natural environmental around where they lived, and the support of business interests who stood to benefit from protecting the state’s many environmental amenities. These dynamics are illustrated by several historical examples, which have laid the basis for the state’s current environmental policy initiatives. It concludes by generalizing from the experiences of California in order to explore the role of politics and public policies in promoting more sustainable business practices.

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