Lee - Applied Computing and Information Technology
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- The term Corporate Sustainability is more widely used in specialized academic literature than in practitioner and top academic management literature
- A standardized definition of corporate sustainability does not exist
- Corporate sustainability has been conceptualized using different theoretical approaches
- A standardized method to measure corporate sustainability does not exist [].
- We highlight the absence of the term corporate sustainability across different types of management literature, which raises the need for a more focused effort in defining business sustainability with a better practitioner focus.
- The absence of a standardized definition of corporate sustainability suggests the emerging need for defining business sustainability, which is a relatively newer term than corporate sustainability.
- The term corporate sustainability has been conceptualized using different theoretical approaches which suggest the same could also be applied for business sustainability.
- A standardized method to measure corporate sustainability does not currently exist in the literature, which shows that the concept of business sustainability has room to be developed.
- There are limited numbers of definitions available in the literature for the term Business Sustainability [].
- Business Sustainability is a type of sustainability which is appropriate for businesses.
Perspective | Rationale | |
---|---|---|
Development | Any business will require ongoing research and development in order to sustain themselves in the rapidly increasing competitive market | |
Supply Chain | The supply chain of any business will need to be sustainable in order to leverage the maximum business outcome | |
Production | The production process of a business needs to be sustainable in order to harness the optimum productivity | |
Operation | The business operation of any firm needs to be sustainable in order to ensure maximum customer satisfaction | |
Stakeholder | The stakeholders of the business are the key players who decide the strategic direction of the business. This means that the stakeholders could influence the sustainability of business to an extent | |
Value | The value of the products needs to be ensured to have sustainable value generated in the long run | |
Organizational Structure | The organizational structure of any business needs to be sustainable in order to maintain maximum productivity |
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