Abstract
Today the in scholarship used sets of selection criteria for side selection do not include the within industry very important new criteria “Corporate Sustainability” in the meaning of “business approach with embracing opportunities and managing risks deriving from economic, environmental and social developments” or if in few aspects, not in the necessary weight. Within this article it will be described shortly which doctrines are leading today in science, why compliance conformance has high importance for global enterprises and why scientific as well as operational sets of selection criteria for global enterprises will have to be completed with aspects of compliance.
Highlights
The Global economy is currently facing substantial challenges
Today the in scholarship used sets of selection criteria for side selection do not include the within industry very important new criteria “Corporate Sustainability” in the meaning of “business approach with embracing opportunities and managing risks deriving from economic, environmental and social developments” or if in few aspects, not in the necessary weight
Today used sets of selection criteria in scholarship do not include the within industry very important new criteria “Corporate Sustainability” in the meaning of “business approach with embracing opportunities and managing risks deriving from economic, environmental and social developments”
Summary
The Global economy is currently facing substantial challenges. Global GDP growth is below long term trend and there is a noticeable slowdown of industrial production in most European countries. An optimized Global Foot Print of production sites, covering existing and growing markets, is one of the major success factors for global enterprises to make the changes in global economic growth beneficial for their own profitable growth. The selection of new sites as well as regular checking of existing sites with a standardized set of criteria in front of the company strategy leads to this optimized Global Foot Print. Today used sets of selection criteria in scholarship do not include the within industry very important new criteria “Corporate Sustainability” in the meaning of “business approach with embracing opportunities and managing risks deriving from economic, environmental and social developments”. Own experiences as a Manager in M&A-/ Corporate Development of a globally leading automotive supplier, discussions and Interviews with experts from other global enterprises as well as scientific research leaded to the necessity to point out the growing importance of Corporate Sustainability and that scientific as well as operational sets of selection criteria for side selection will have to be completed with aspects of Corporate Sustainability
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