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Sustainable Strategic Management of Business
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Sustainable Strategic Management of Business

A special issue of Sustainability (ISSN 2071-1050). This special issue belongs to the section "Economic and Business Aspects of Sustainability".

Deadline for manuscript submissions: closed (30 October 2023) | Viewed by 37610

Special Issue Editors

Dr. Eijaz Ahmed Khan

E-Mail Website
Guest Editor
College of Business, Law and Governance, James Cook University, Townsville, Australia
Interests: sustainability; circular economy; strategy; entrepreneurship; innovation
Special Issues, Collections and Topics in MDPI journals
Dr. Mohammad Alamgir Hossain

E-Mail Website
Guest Editor
School of Accounting, Information Systems, and Supply Chain; and BHRIGHT Centre, RMIT University, Melbourne, Australia
Interests: digital technologies for sustainable development; social, behavioural, and organisational aspects of emerging technologies
Dr. Mark Wickham

E-Mail Website
Guest Editor
Tasmanian School of Business & Economics, University of Tasmania, Hobart 7001, Australia
Interests: strategic sustainability; strategic CSR
Special Issues, Collections and Topics in MDPI journals
Dr. Shelley Marshall

E-Mail Website
Guest Editor
Graduate School of Business and Law; and BHRIGHT Centre, RMIT University, Melbourne, Australia
Interests: business and human rights; sustainable development

Special Issue Information

Dear Colleagues,

The worldwide crisis and significant disruption to economic growth has changed managers’ approaches, views, and forms of operating business. Mangers from organizations proactively seek new methods for management of their business models, to maximize the added value for stakeholders and ensure long-standing competitiveness are the prerequisites for new business models in all size categories and sectors. However, the approach we think of to create a value, a value stream, and a process has been progressively shifting due to the mounting need to reduce resource waste, to decrease cost of production and business overheads. In line with the sustainability concept, while developing business management strategies, mangers from organizations should focus on long-term maintenance and reproduction of three areas—planet, people, and profit. Therefore, in view of sustainable strategic management, profit should be the outcome of effective and efficient use and preservation of resources that enables society to satisfy current needs, without hampering the ability of future generations to meet their needs.

While a reasonable volume of research work has been conducted on sustainable strategic management, there is still a gap in understanding how sustainability can be incorporated with the strategy of business management. More research and development are also needed to overcome challenges concerning strategic perspectives of sustainable business management, particularly those that create value to future generations.

Therefore, the goal of this Special Issue is to advance theoretical and applicative research in all fields of sustainable strategic management. As such, the Special Issue offers a venue for papers that help increase our understanding of how the sustainability concept will transform strategic management practices in business.

The Special Issue welcomes contributions in the following topics, but is not limited to them:

  • Business leadership and strategic sustainability management
  • Sustainability governance
  • Sustainability reporting standards
  • Climate change and strategic management
  • Circular economy
  • Crisis management and sustainability
  • Greening corporate philosophy and principles
  • Sustainability and ethical issues in strategic management
  • Global issues in strategic management 
  • Business competitive advantage for sustainability 
  • Nurturing business ecosystems to deal with uncertainties
  • Business model innovation
  • Micro-foundations of strategy, dynamic capabilities, knowledge, and ambidexterity

Dr. Eijaz Ahmed Khan
Dr. Mohammad Alamgir Hossain
Dr. Mark Wickham
Dr. Shelley Marshall
Guest Editors

Manuscript Submission Information

Manuscripts should be submitted online at www.mdpi.com by registering and logging in to this website. Once you are registered, click here to go to the submission form. Manuscripts can be submitted until the deadline. All submissions that pass pre-check are peer-reviewed. Accepted papers will be published continuously in the journal (as soon as accepted) and will be listed together on the special issue website. Research articles, review articles as well as short communications are invited. For planned papers, a title and short abstract (about 100 words) can be sent to the Editorial Office for announcement on this website.

Submitted manuscripts should not have been published previously, nor be under consideration for publication elsewhere (except conference proceedings papers). All manuscripts are thoroughly refereed through a single-blind peer-review process. A guide for authors and other relevant information for submission of manuscripts is available on the Instructions for Authors page. Sustainability is an international peer-reviewed open access semimonthly journal published by MDPI.

Please visit the Instructions for Authors page before submitting a manuscript. The Article Processing Charge (APC) for publication in this open access journal is 2400 CHF (Swiss Francs). Submitted papers should be well formatted and use good English. Authors may use MDPI's English editing service prior to publication or during author revisions.

Keywords

  • sustainability
  • strategy
  • competitiveness
  • business model

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Further information on MDPI's Special Issue polices can be found here.

Published Papers (4 papers)

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Research

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20 pages, 1890 KiB  
Article
Navigating Carbon Offsetting: How User Expertise Influences Digital Platform Engagement
by Albert Armisen, Clara-Eugènia de-Uribe-Gil and Núria Arimany-Serrat
Sustainability 2024, 16(5), 2171; https://doi.org/10.3390/su16052171 - 6 Mar 2024
Cited by 1 | Viewed by 1372
Abstract
Exploring the nexus of technology and sustainability, this research delves into user engagement patterns on digital carbon offsetting platforms such as KlimaDAO. Drawing from the digital platform and storytelling literature, a set of hypotheses is put to the test using data from KlimaDAO’s [...] Read more.
Exploring the nexus of technology and sustainability, this research delves into user engagement patterns on digital carbon offsetting platforms such as KlimaDAO. Drawing from the digital platform and storytelling literature, a set of hypotheses is put to the test using data from KlimaDAO’s initiative, which includes 1331 carbon offsets from 524 individuals. A stepwise logistic regression analysis confirms a curvilinear relationship: experts typically opt for a moderate level of offsetting, while the behavior of regular users spans a broad spectrum, from minimal to substantial offsetting. The analysis also confirms that experts are inclined to share their stories with a sense of optimism, whereas regular users seek out green credentials and prioritize high-quality carbon offsets. These insights not only enrich academic discourse but also have practical implications, underscoring the need to design carbon offsetting platforms that harness the positive narratives of experts while meeting the needs of regular users. Full article
(This article belongs to the Special Issue Sustainable Strategic Management of Business)
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13 pages, 1850 KiB  
Article
The Paddy Procurement System for Sustainability: Evidence from Bangladesh Agriculture Sector
by Md. Ashraful Islam, Md. Aminul Islam, Farid Ahammad Sobhani, Pradip Royhan, Md. Kausar Alam and Md. Sharif Hassan
Sustainability 2023, 15(6), 5589; https://doi.org/10.3390/su15065589 - 22 Mar 2023
Cited by 1 | Viewed by 3048
Abstract
Bangladesh derives one-half of its agricultural GDP and one-sixth of its national income from paddy. It is crucial to the farmers’ ability to survive. This paper aims to investigate current paddy procurement system and farmer awareness in the Bangladeshi agricultural sector to ensure [...] Read more.
Bangladesh derives one-half of its agricultural GDP and one-sixth of its national income from paddy. It is crucial to the farmers’ ability to survive. This paper aims to investigate current paddy procurement system and farmer awareness in the Bangladeshi agricultural sector to ensure business sustainability. This paper utilised a quantitative approach to research. The research investigated farmers’ consciousness through perception and contentment. For the measurement, a survey of 210 farmers from three Upazilas was conducted using a closed-ended, pre-tested questionnaire. Version 20 of the SPSS programme was used for data analysis. Approximately 67.6% of respondents were unhappy with the current paddy procurement system, according to the study. Approximately 69.10% of respondents believe there is a middleman in the current paddy procurement system, approximately 94.30% of respondents believe the current system needs improvement, and 99.0% believe a new paddy procurement system could be beneficial. Furthermore, these findings led to the conclusion that there is room for improvement in the current paddy procurement system, which will increase the transparency and sustainability of paddy procurement activities for everyone, including farmers. Full article
(This article belongs to the Special Issue Sustainable Strategic Management of Business)
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17 pages, 900 KiB  
Article
The Effects of Financial Attitudes, Financial Literacy and Health Literacy on Sustainable Financial Retirement Planning: The Moderating Role of the Financial Advisor
by Wan Mashumi Wan Mustafa, Md. Aminul Islam, Muhammad Asyraf, Md. Sharif Hassan, Pradip Royhan and Shafiqur Rahman
Sustainability 2023, 15(3), 2677; https://doi.org/10.3390/su15032677 - 2 Feb 2023
Cited by 20 | Viewed by 11962
Abstract
Financial planning for retirement is essential to ensure that people have enough money to live the lifestyle they desire when they retire. Self-employed business owners in developed countries widely do financial retirement planning. However, in Malaysia, the percentage of self-employed individuals concerned about [...] Read more.
Financial planning for retirement is essential to ensure that people have enough money to live the lifestyle they desire when they retire. Self-employed business owners in developed countries widely do financial retirement planning. However, in Malaysia, the percentage of self-employed individuals concerned about financial retirement planning is lower than in other countries. This study aims to identify the relationship between the financial attitude, financial literacy and health literacy of self-employed individuals toward sustainable financial retirement planning in Malaysia and find out the moderating effect of the role of financial advisors. The study utilized structural equation modelling. Data were collected through a survey questionnaire and analyzed using SMART PLS 3.3. The total sample size was 416 self-employed individuals from the northern Malaysian region. The findings revealed that financial attitude and financial literacy significantly impact retirement planning. Moreover, the role of financial advisors moderates the relationship between financial attitude–financial retirement planning and financial literacy–financial retirement planning. The result of the study will fulfil the needs of self-employed individuals to plan their retirement by including the financial planning determinants needed for a well-planned retirement. Full article
(This article belongs to the Special Issue Sustainable Strategic Management of Business)
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Review

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10 pages, 242 KiB  
Review
Challenges and Solutions for Environmental Sustainability in the Hospitality Sector
by Ajay Khatter
Sustainability 2023, 15(15), 11491; https://doi.org/10.3390/su151511491 - 25 Jul 2023
Cited by 14 | Viewed by 19595
Abstract
This study aims to investigate the process by which hospitality organisations can initiate their pursuit of environmental sustainability, utilising a literature review as the primary research method. This study explores the notion of environmental sustainability within the context of the hospitality industry and [...] Read more.
This study aims to investigate the process by which hospitality organisations can initiate their pursuit of environmental sustainability, utilising a literature review as the primary research method. This study explores the notion of environmental sustainability within the context of the hospitality industry and its diverse range of stakeholders. This study aims to identify the challenges encountered by the industry in attaining sustainability goals and proposes potential strategies for fostering a sustainable future. In recent decades, there has been a notable increase in industrial activity, including within the hospitality industry, which has occurred without consideration for environmental consequences, consequently leading to environmental degradation. The issue of environmental sustainability is a matter of concern for stakeholders in the hospitality industry, and a comprehensive understanding of its long-term implications needs to be improved. The significance of environmental sustainability is growing in tandem with the expansion of the global population, industrial activity, and the observed phenomena of global warming, environmental degradation, and climate change. In recent years, there has been a notable endeavour by hospitality enterprises to minimise the ecological consequences of their operations on the surrounding environment. This research will investigate the obstacles to the hospitality sector achieving environmental sustainability. It will also propose novel strategies to enhance guest service and contentment, bolster the organisation’s reputation, and foster fresh revenue streams and competitive advantage. The implications of the study’s findings extend to various stakeholders within the hospitality industry, including businesses, guests, and other relevant parties, as well as the broader environmental context. Full article
(This article belongs to the Special Issue Sustainable Strategic Management of Business)
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