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What is Business Sustainability

Handbook of Research on Management Techniques and Sustainability Strategies for Handling Disruptive Situations in Corporate Settings
These are the efforts that a company makes to sustain its economic activity, considering social and environmental factors, and making its management a responsible action with resources. Sustainability is an important concept in the activities carried out by companies because it establishes a measurement parameter regarding how they use their financial, human, and operational resources, and how they treat tangible resources (inputs, materials, and even waste). It is also a way to analyze what business practices they have. Regarding their culture and if they consider, for example, the environment, the community with which they live, or the workers.
Published in Chapter:
The Impact of the Work Environment on Innovation and Business Sustainability in SMEs: The Case of San José de Cúcuta, Colombia
Rafael Ignacio Pérez-Uribe (Santo Tomas University, Colombia & La Salle University, Colombia), Solange Dianira Jordan Bustamante (Corporación Universitaria Minuto de Dios, Colombia), and Carlos Salcedo -Perez (Politecnico Grancolombiano, Colombia)
DOI: 10.4018/978-1-7998-8185-8.ch007
Abstract
Innovation is a process, where the interpersonal relationships of employees are key to the creation of ideas that will contribute to the generation of value for organizations in the face of disruptive environments. This chapter analyzes the relationship between the work environment as a key factor and its impact on the development of innovation processes and business sustainability, taking as a sample 182 SMEs, from commercial, footwear, and textile sectors from the city of Cúcuta. The results showed an interrelation between the organizational climate and the culture of innovation as an agent that generates change that contributes to business sustainability.
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Challenges in Green Intellectual Capital and Knowledge Management in Sustainability and Industry 4.0
Sustainability is a comprehensive approach to management of organizations which is focused on creating and maximizing long-term economic, social and environmental value. It is a response to the challenges of the modern world facing organizations from the public and private sectors (e.g., https://www2.deloitte.com/ru/en/pages/risk/solutions/sustainability-and-csr.html ).
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Strategic Measures and Tactical Interventions for COVID-19 Impact Relief on SMEs
Creation of long-term value within a business by taking adequate measures in ensuring the processes, products, and manufacturing activities are operated well within an ecological, social and economic environment while maintaining a profit.
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Balancing Priorities Through Green Optimism: A Study Elucidating Initiatives, Approaches, and Strategies for Sustainable Supply Chain Management
?Corporate sustainability may be described as serving the demands of a firm's direct and indirect stakeholders (such as shareholders, workers, customers, pressure groups, communities, and so on) without jeopardizing the firm's capacity to meet the needs of future stakeholders ( Dyllick & Hockerts, 2002 ). The capacity to run a company with the long-term purpose of ensuring the continued prosperity of the economy, environment and society is what is meant by the phrase “business sustainability” ( Hassini et al., 2012 )?.
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SMEs and Business Sustainability: Achieving Sustainable Business Growth in the New Normal
Relates to the creation of long-term value within a business by taking adequate measures in ensuring the processes, products, and manufacturing activities are operated well within an ecological, social and economic environment while maintaining a profit.
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Post-Pandemic Sustainability Strategies for Zimbabwean SMEs
It refers to the process of running a company in a manner that addresses the aspects of social, economic, and environmental issues.
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Business Model of Palm Oil Smallholding in South Sumatra, Indonesia: Challenges and Future Prospects
A strategy that prioritizes the long-term survival of a business while connected to the ecological, social, and cultural systems. Through this strategy, cooperatives can continue to exist and develop.
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Tourist Cooperation in Mountain Destinations: Concepts, Positions, and Challenges in the Serra da Estrela Natural Park
Management and coordination process that articulates financial, social and environmental risks in a responsible and ethical way, seeking to promote business success with development.
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Advancing SME Sustainability: Rising Above the Atrocities of Crisis
Relates to the establishment of long-term value within a business by integrating adequate measures in ensuring the processes, products, and manufacturing activities are operated well within an ecological, social and economic environment while maintaining a profit.
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Global Institutions and ESG Integration to Accelerate SME Development and Sustainability
Refers to SME capability to continue its business operations for an indefinite period, sustain itself in a rapidly changing world and market by balancing economic, social, and environmental impact.
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Social Responsibility in Higher Education Institutions: The Example of Mentor Youth Guidance Programme by the University of Nicosia
The process by which companies manage their financial, social and environmental risks, obligations and opportunities, otherwise referred to as profits, people, and planet.
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