Abstract

Sustainability has always run through social and economic activities. As significant economies have competed for their interests in the past few years, this situation has caused a global economic depression. Additionally, this situation worsened due to the spread of the COVID-19 pandemic around the world. The international politics, economy, and Culture are undergoing unprecedented destruction and challenges from the COVID-19 pandemic that has caused businesses in many countries and regions to close or are about to face bankruptcy. More and more employees are getting laid off every day since the COVID-19 began. Even employees who are employed are feeling unsecured. So, in the face of uncertainties and difficulties facing corporations worldwide, we need to find a better way to extend the company's life cycle in a more structured and sustainable manner. 
 
 The main research question for this study is "What are the factors that have significant effects on organizational sustainability?" In this study, twelve independent variables including Leadership (L.S.), Management (M.N.), Culture (C.T.), Structure (S.T.), Workforce diversity (W.D.), Organizational age (O.A.), Staff age (S.A.), Mindset (M.S.), Technology (T.N.), Organizational dimension (O.D.), Group structure (G.S.), Business locations (B.L.) and one dependent variable called Sustainability (SUS) is the studied. This study aims to understand the structural relationships among these potential variables that could influence corporate sustainability. The dataset utilized to test the hypothesis postulated in this study using Structural Equation Models (SEM). This study suggested that the Leadership, Management, and Staffing Age significantly affects organizations towards organizational sustainability. Considering the different politics, economy, and cultural backgrounds in countries and industries, the study also found that some irreconcilable factors affect the performance of leadership, management, and staff ages. Thus, this study identified effective leadership, management, and staff age as strategies to lead organizations further towards organizational sustainability. The results of this study provide some valuable suggestions for all companies facing the COVID-19 threats right now to bring back to life and become more sustainable in the years to come and provide some evidence for future researchers to explore this field further.

Highlights

  • Sustainability has run through our society, economy, and throughout our lifetimes

  • To further explore how corporate can reduce the negative impacts from the hierarchy system and better adjust their hierarchy system to pursue organizational sustainability goals better, we summarized the information from several articles

  • Structural Equation modeling was used for this research, and all data from the sample size was calculated by Structural Equation Models (SEM) analogy resulting in 400 participants

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Summary

Introduction

Sustainability has run through our society, economy, and throughout our lifetimes. But the COVID-19 pandemic has impacted the economy, society, geopolitical, environment, technology, industry, human behavior, human mentality, all significant suffering destruction, and reset. 10% of the listed companies on the FTSE100 30 years ago exist today in the U.K. But the COVID-19 has made this situation worse than before and make the company life cycle shorter and shorter, as we can see from the information provided by "Impact of the COVID-19 Pandemic on Trade and Development; TRANSITIONING TO A NEW NORMAL" (Antunes, 2020), The three major economies with significant export declines during the COVID-19. The significant declines in automotive and chemicals industries, China has some growth in textiles and office machinery, communication equipment, whatever this global economic depression, is stronger affects the company life cycle and makes its situation further worse than before. Summarizing the information and data from the above articles, we know the company life cycle is getting shorter and shorter has been affected by the economic depression and the COVID-19 pandemic worldwide. This research will benefit from providing guidelines and suggestions for industrial, business, and future research

Objectives of Study
Scope of Research
Organizational Sustainability
Leadership
Management
Culture
Structure
Workforce Diversity
Organizational Age
Staff Age
Mindset
4.10 Technology
4.11 Organizational Dimension
4.12 Group Structure
4.13 Business Locations
Research Finding and Data analysis
Discussion
Why Have We Used SEM?
Research Implications
Findings
Research Limitations and Recommendations for Future Research
Full Text
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