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Analysis of Factors Affecting Investment in Technology for Sustainability

Analysis of Factors Affecting Investment in Technology for Sustainability

Vernika Agarwal, Pragya Arya
Copyright: © 2023 |Pages: 10
ISBN13: 9781668499795|ISBN10: 1668499797|ISBN13 Softcover: 9798369348536|EISBN13: 9781668499801
DOI: 10.4018/978-1-6684-9979-5.ch002
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MLA

Agarwal, Vernika, and Pragya Arya. "Analysis of Factors Affecting Investment in Technology for Sustainability." Promoting Sustainable Management Through Technological Innovation, edited by Supriya Lamba Sahdev, et al., IGI Global, 2023, pp. 12-21. https://doi.org/10.4018/978-1-6684-9979-5.ch002

APA

Agarwal, V. & Arya, P. (2023). Analysis of Factors Affecting Investment in Technology for Sustainability. In S. Lamba Sahdev, C. Krishnan, & A. Hassan (Eds.), Promoting Sustainable Management Through Technological Innovation (pp. 12-21). IGI Global. https://doi.org/10.4018/978-1-6684-9979-5.ch002

Chicago

Agarwal, Vernika, and Pragya Arya. "Analysis of Factors Affecting Investment in Technology for Sustainability." In Promoting Sustainable Management Through Technological Innovation, edited by Supriya Lamba Sahdev, Chitra Krishnan, and Ahdi Hassan, 12-21. Hershey, PA: IGI Global, 2023. https://doi.org/10.4018/978-1-6684-9979-5.ch002

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Abstract

The changing dynamics of the business and growing pressure from the stakeholders has forced the organisations to take another important aspect into their boardroom – sustainability. Investment in technological interventions is a must to enable sustainability within the business. The problem faced by the businesses is to find the right balance between their profits and technological investment to achieve sustainability. The current study focuses on understanding the factors which affect investment in sustainability using the multi-criteria approach of fuzzy-DEMATEL approach. The methodology is utilised to depict the context-specific link between the factors to aid the business managers in making right decisions. The results demonstrate that the factors such as commitment of top management (TS1), cost of training and development (TS2), cost of regulatory audits and fines (TS5), cost of subsidies and incentives (TS6), and cost of searching for suitable partners (TS9) are crucial for the incorporation of sustainability.

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