Abstract
As a region, Asia comprises communist China, democratic India and many small quasi-democratic and authoritarian states. Both China and India play a significant role in maintaining multilateral world order. Asia’s regional power remains with its enormous potential of resources for domestic markets and per capita purchasing power parity. Hence, the economic and the business aspects of the Asian region require comprehensive study. Sustainable operational excellence is a notion carried by an organisation’s sustainable economic development and other values. This study incorporates the multiple case study method. Twelve case organisations such as Tata Motors, Samsung, Nissan, Indigo, Mitsubishi, Huawei, Wilmar, Canon, NTPC, Hitachi, Singapore Airlines, and L&T were chosen to study their sustainability values, and operational and strategic strands. TISM (total interpretive structural modelling) method is used for model building; four variables such as operating activities, investing activities, financing activities, and SVE (Social value expenditures) are taken for empirical analysis. Based on the available secondary data, the study incorporated panel data regression analysis. The result shows that SVE positively and significantly explains operational activities that proxy with sustainable business practices. The study concludes with a Paux strategy framework for discussion and managerial implications.
Highlights
Organisational business activities are the central axis of the economic development of a particular region, and their performance is related to the financial position of the region
The objective of the study is to evolve a sustainable business model for Asian regional case studies, analyse the operational complexities in their management discussions, and study what contributes towards sustainable business practices
Some of the most fundamental decisions are made by top management through a strategic decision-making process; managers need to be keenly aware of assumptions, heuristics, and biases in decision making [100]
Summary
Organisational business activities are the central axis of the economic development of a particular region, and their performance is related to the financial position of the region. The state as an actor provides land, resources, and bureaucratic support to conduct business activities. Business activities are expected by the state to cater to economic and regional development in particular. Business activities are an influential and essential source for the generation of income. Business operations and operations strategy decide the opportunities and operational excellence of a particular enterprise. To sustain the market enterprise operational performance and order of merit are the pillars to maintain their status quo in the domestic and international markets. The company’s position in local markets decides their equity returns and income generation, such as shareholder capital and subsidies from financial institutions
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