Sustainability And Social Responsibility Strategies: Aligning Business With Values – Spatio-temporal characteristics of arable land and its influencing factors in a low hill area: a case study of Lishan City, Hubei Province, China
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Sustainability And Social Responsibility Strategies: Aligning Business With Values
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Rethinking How We Measure Companies On Social And Environmental Impact
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The Csr Pyramid: Levels & Integration With Csr Framework
By Muhammad Hasib Muhammad Hasib Scilit Preprints.org Google Scholar 1, Hafezali Iqbal Husain Hafezali Iqbal Husain Scilit Preprints.org Google Scholar 1, Sebastian Kot Sebastian Kot Scilit Preprints.org Google Scholar 2, 3, *, Armenia Androniceans Armenians Androniceanu Preprints. org Google Scholar 4, 5 and Kittisak Jermsittiparsert Kittisak Jermsittiparsert Scilit Preprints.org Google Scholar 6
School of Economics and Management, Northwestern University, Vaal Triangle Campus, P.O. Box 1174, Vanderbijlpark 1900, South Africa
Entry: May 17, 2019 / Revised: June 8, 2019 / Accepted: June 17, 2019 / Published: July 11, 2019
Corporate Social Responsibility (csr) Explained With Examples
In the postmodern era of industrialization, sustainable business performance is critical to success in a competitive environment. To achieve sustainable business performance, small and medium enterprises (SMEs) in Malaysia face various social and technological challenges. The purpose of this study was to examine the role of social and technological challenges in achieving sustainable competitive advantage and sustainable business performance. To achieve this objective, first-hand data was collected from Malaysian SMEs. The views of the management staff of these SMEs on the role of social and technological challenges in achieving sustainable competitive advantage and sustainable business performance were preferred. An email survey was conducted to collect data. A total of 500 questionnaires were distributed among managers of small and medium-sized companies. The questionnaires were distributed through simple random sampling. Using structural equation modeling, the research results showed that social and technological challenges played an important role in improving sustainable competitive advantage and sustainable business performance. Furthermore, strategic alignment was important to reflect the positive role of social and technological factors in sustainable competitive advantage. The research results are useful for professionals and allow their strategies to reflect sustainable competitive advantages and sustainable business performance.
In the postmodern era of industrialization, sustainable performance is essential for success in a competitive environment [1, 2, 3]. In the last decade, this was the main objective of every organization [4, 5]. Interest in using decision-making frameworks to achieve sustainable goals has increased in the current decade [6, 7], because it is the most important part of any organization to achieve success in its goals .
Sustainable performance can be defined as the alignment of financial, social and environmental objectives in the performance of key business activities in order to maximize value. It is the performance of the corporation in all dimensions, as well as for all corporate sustainability factors . Sustainable activity plays a key role in the sustainability of small and medium-sized enterprises (SMEs) [10, 11, 12, 13, 14].
What Is Corporate Social Responsibility? 4 Types
Small and medium enterprises are the main sector of all countries. It plays an important role in the Gross Domestic Product (GDP) of each country [15, 16]. An increase in GDP improves economic growth. As for Malaysian SMEs, this sector plays an influential role in the economic development of Malaysia . The Malaysian government is trying to increase the economic contribution of small and medium-sized businesses to the country’s economy. In recent years, Malaysian SMEs have made significant contributions to the economy.
It is clear from Figure 1 that SMEs in Malaysia are the major contributors to GDP. GDP was recorded at 435.1 billion ringgit (1 US dollar is approximately equivalent to 4.00 ringgit) in 2017, with the main contribution from the services sector (59.7%), followed by the manufacturing sector (2.5%). . Additionally, agriculture contributed 11.2 percent, construction sector 5.8 percent, essential services 1.4 percent and mining 0.4 percent of Malaysia’s GDP. . Therefore, it is clear that SMEs in Malaysia are crucial to increasing economic growth.
However, SMEs in Malaysia face various social and technological challenges. The term “challenge” can be described as a challenge to prove or justify something by companies in a competitive environment. In the context of the present study, since it is difficult to survive in a competitive environment, SMEs find it difficult to cope with technological challenges. To achieve success in a highly competitive environment, one of the challenges for SMEs is the adoption of new technologies. Social issues include social responsibility as well as values and beliefs. Negative values in companies, non-constructive beliefs of employees and resistance to change or the adoption of new technologies are due to the fear of complexity in the use of the latest technology and the lack of confidence among employees to use the latest technologies. new technologies to improve business performance . Negative values and beliefs negatively impact competitive and sustainable advantage, ultimately reducing sustainable business performance. Furthermore, social responsibility is another challenge for companies to achieve sustainable performance [19, 20, 21, 22]. Small and medium-sized businesses must ensure greater corporate responsibility to solve growing social problems to increase sustainable and competitive advantages; this plays an important role in the activity of SMEs [23, 24].
Creating An Inclusive Culture: Five Principles To Create Significant And Sustainable Progress
In an organization, culture is a combination of the manager’s perception of any problem, which is one of the most important problems. For example, if managers in an organization do not believe that information technology (IT) is strategic, this reflects how they have achieved and also how they have dealt with IT and IT problems [25, 26]. Therefore, IT management resources are the most important challenge. Refers to the level of involvement of business and IT leaders in contract negotiations, vendor selection, IT project management and implementation. Along with IT management resources, the success of IT implementation is critical, which is another challenge. The adoption of new technologies is always difficult [27, 28, 29]. Therefore, SMEs face various social and technological challenges, such as social responsibility, values and beliefs, IT resource management, and IT implementation success. Better management of these challenges increases sustainable competitive advantage. Sustainable competitive advantage improves sustainable business performance [30, 31, 32].
The motivation of the study focuses on the problems mentioned above, as the current research aims to provide solutions to these problems faced by SMEs. Due to technological challenges, it plays an important role in gaining competitive advantage as well as achieving higher performance. In the same direction, this is one of the main studies that shows social responsibility, values and beliefs, IT resource management and IT implementation success as important technological challenges in SMEs. This is one of the leading researches that technological problems can be solved through various factors. These factors play a role in the basis of the reservation view (RBV) mechanism, shown in Figure 2. All factors are presented in Figure 3.
Therefore, the purpose of this study is to examine the role of social and technological challenges in sustainable competitive advantage and sustainable business performance. Different researchers consider sustainable business activity with different aspects [33, 34, 35, 36, 37]. However, most studies do not consider the role of social and technological challenges in sustainable business operations. Figure 3 shows how social and technological challenges play a role in achieving sustainable competitive advantage and sustainable business performance. Therefore, the present study is an attempt to address this gap in the literature. Additionally, the subgoals are:
Capri Holdings Limited
The current research contributes to existing knowledge by investigating the role of social and technological challenges in achieving sustainable competitive advantage and sustainable business performance. It has been studied that strategic coordination is one of the important factors to transform the positive effects of social and technological elements into a sustainable competitive advantage. He has contributed to the literature that strategic alignment is an important factor in making the most of new technologies and social factors. This study provides a comprehensive framework to improve the performance of SMEs by helping to solve social and technological challenges.
The resource-based view (RBV) recognizes that its resources fundamentally control the success of an organization. These resources are called assets or capabilities. assets
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