Sustainable Business Development Research Articles

Conditions for approaching shared value creation management in the Japanese rice flour-related business: application of mixed methods research

This is the second paper on creating shared value (CSV) management in Japanese rice flour-related businesses conducted by the same authors. In the first study, the relationships among business philosophies, business strategies and business outcomes of rice flour-related corporates in Japan were clarified using structural equation modeling (SEM) and cognitive mapping of questionnaire survey results. The management philosophy, effective altruism, influences business strategies (potential head market, tail market, organizational learning, and proposals from stakeholders) of rice flour-related corporates, inducing innovation and determining current business performance and future prospects for shared value creation. The business performance reflects their expectations for the rice flour market, and influences the direction of market development. In addition, we showed a need for policy innovations that strengthen effective altruism and create shared value through organizational learning of the stakeholders in rice flour-related businesses. Therefore, the purpose of this study was to clarify conditions for approaching CSV management in domestic rice flour-related businesses by applying mixed methods research (MMR). Specifically, a latent class analysis (LCA) was introduced to classify the management characteristics of rice flour-related businesses with survey results, and a qualitative comparative analysis (QCA) conducted on the CSV management entities extracted from the LCA to clarify the necessary and sufficient conditions for achieving CSV management. The results revealed that there are very few rice flour-related businesses in Japan that have approached CSV management, and sufficient conditions for approaching CSV management in rice flour-related businesses are a combination of effective altruism and various management strategies (long tail/organizational learning/innovation/stakeholder proposals). Therefore, we conclude that to achieve a sustainable regional development of rice flour-related businesses, policy innovations that integrate pull-type and push-type strategies are important.

Реализация совместных проектов в рамках стратегического партнерства для обеспечения устойчивого развития российского бизнеса

This article is devoted to formation and development of strategic partnerships to ensure sustainable business development in Russia. The article presents the author’s methodology for analyzing strategic partnerships, and also outlines the findings of its practical evaluation using the example of the analysis of the following strategic partnerships: Moscow Automotive Plant Moskvitch; Chinese automotive company JAC Motors; Optic Fiber Systems JSC; and the Japanese company Sumitomo Electric Industries. Particular attention is paid to the existing projects of the above companies, which are implemented by them jointly. The analysis has highlighted several developmental areas where these companies could develop their partnership. Also, the author considered several promising areas of cooperation between Russian and foreign companies under the conditions of sanctions pressure.

Circular Green and Sustainable Business Model Competence Innovation and Development: Challenges with Privacy and GDPR Related to Businesses and Research

Increased focus and vision on faster circular green and sustainable transformation in businesses and research have now turned out to be highly linked to also the social and the competence dimension of “the triple bottom line” approach and measurements. The social economic part of the triple bottom line approach has shown to be increasingly important, but very challenging to operate under the existing Privacy and GDPR regulations. To fulfil and measure how green the human, organizational systems and culture competence components actually are in business models today is not that much investigated. Focus has more been on “greening” the technology part of the competence components but now a number of advanced technologies seems promising to help measure green competences. It opens up for measuring circular, green and sustainable business model competences in some new and more advanced ways, but it could potentially result in the business do not comply with Privacy and GDPR regulations. Ever since the branching of the scholarly literature on competences of the early 1960’s businesses have constantly being experimenting with business model competence design, reengineering, development and measuring. Creating Green Business Model (GBM’s) competences is no exception. Designing TO BE GBM’s and reconfiguration of AS IS BM’s to become GBM’s and later develop these is in focus – but until now the main focus has been on greening technologies. Very few knows how to “greening” and measure green related to human competences, organizational systems and culture. GBM competence reconfiguration has also mainly focused on changing or reconfiguring AS IS Business Models technology competences. More and more businesses have realised that investing in new technologies or changing existing technologies are not enough to reach the vision and goals of green transformation. Technologies alone cannot release the full potential and requests of green transformation – reduce the use of material and resources, reduce the waste and spill, reduce the pollution including Co2 and increase biodiversity. The Business will simply not by technologies alone be able “to climb” and “pass” “the Green Wall” without innovating, developing the BM competences – HR, Organizational systems and Culture into becoming greener and thereby support green transformation in the businesses. Reconfiguring AS IS business model competences to become greener is complex and calls for new and advanced approaches that challenge classical BM competence frameworks and understanding. Green Parameters and Profit are no longer the main focus in GBMI and changing some BM dimensions and components – or even adding new business model dimensions to the BM is neither enough. If business want to remain competitive, efficient and at the same time green, it requires a different GBMI approach and mindset – including measuring BM Competences. This challenges the compliance of Privacy and GDPR related to both businesses and research. The request for circularity and sustainability just adds to the complexity of measuring. We offer a review of three Privacy and GDPR GBMI compliance cases and challenges in three different businesses with the aim of achieving greater understanding of Privacy and GDPR challenges both for businesses and researchers. We identify issues behind the apparent challenges of Privacy and GDPR in GBMI and discuss how strategic GBMI can contribute to further research on Privacy and GDPR in different fields of Green Business Modelling, offering future research directions of Privacy and GDPR.

The Impact of Technological Advancement and Green HRM Practices on the Sustainable Business Development in Vietnam

The growing need of sustainability in businesses, especially the ecological aspect demands the its eligibility and effectiveness in human resource area which is normally referred green human resource management. Moreover, the rising concerns for natural environment also fixate the idea to rejuvenate the conventional business model and shift towards green management. Thereby, the study intends to scrutinize the role of green HRM practices in sustainable business development in Vietnamese context. Along with it, the study also intends to explore the mediating role of technology advancement on proposed relationship. For this purpose, primary data was collected, and PLS-SEM methodology was employed to assess measurement and structural model. Results echo that green HRM practices are positively correlated with sustainable business development in case of Vietnam. Moreover, technological advancement significantly mediates the relationship of green HRM and SBD. Results are helpful in policy making structures by enhancing the effectiveness of existing HRM practices.

The Impact of Innovation Adoption on Sustainable Business Development in China: the role of Environmental, Social, and Corporate Governance Performance

ESG as a phenomenon appears to be consistent with high quality development of economy of country like China, hence, implementation of ESG is essential to embrace sustainability. Thus, it is imperative to scrutinize the its effectiveness and, in this lieu, the study attempts to scrutinize the effectiveness of innovation adoption on the environmental, social and governance performance, and SBD of the electric vehicle industry in the context of China. Along with it, mediating role of ESG performance has also been explored in the study. Primary data was collected for the study and PLS-SEM methodology was used to evaluate the collected data. Results showcase that innovation adoption is positively correlated with ESG performance and SBD of the electric vehicle industry in China. The outcomes also exposed that the ESG performances significantly mediates the relationship between innovation adoption and SBD. In the light of the evidence, the analysis recommends that organizations must value their ESG performance in order to formulate relatable policies.

The role of organizational culture in the performance of SMEs in Vietnam during the economic crisis

This study examines whether the financial crisis caused by the COVID-19 pandemic and the economic downturn will affect the role of organizational culture in the performance of SMEs in Vietnam. Specifically, the study aims to evaluate changes in the OC of SMEs during and after the crisis. Survey data used for analysis includes 202 SMEs in Vietnam. It was collected from January 2023 to March 2023. The research used the Denison culture model. SmartPLS 4.9.0.2 software was used to test the research model and compare cultural changes before and during the crisis. The findings suggest that organizational culture has a positive relationship with both accounting information systems (AIS) and organizational performance, but only adaptability affects corporate performance. Furthermore, AIS is positively related to the corporate performance of SMEs. The study shows that organizational culture, including involvement, consistency, and mission, is eroded during a crisis, supporting the theory that economic crises hurt corporate culture. Additionally, repeated research confirms that organizational culture positively affects AIS and that AIS positively affects organizational performance regardless of economic crisis. The results provide indicators for managers on how to promote sustainable business development. It is important for SMEs to establish a cultural identity that aligns with their goals and strategies to minimize conflicts of interest and improve competitiveness.

Methods for assessing risks of sustainable development of an enterprise: Theory and empirical analysis

Subject. The study deals with risk assessment of sustainable development of the enterprise. Objectives. The purpose is to review and evaluate the main methods for analysis of social, environmental, and economic condition of the company, build a risk model and underpin its key methodological stages; provide empirical proof of the proposed concept based on data from financial and non-financial reporting and stock market risk of the organization. Methods. The study employs techniques of stochastic and deterministic types of analysis of enterprise economic activity. Results. The paper offers a new method to assess ESG risk based on a normative approach to calculating risk indicators. I modified the classical parameter of the challenge to sustainable development, as well as the methodology for integrated assessment of sustainable business development. Conclusions. The risk theory is currently a worthy way to obtain transparent and objective information to assess the sustainable development of a corporate unit. The proposed risk analysis tool for a complex of socio-ecological and economic areas has a better quality of explanation of the current situation in the stock market than the classical valuation technique that serves as its basis.

Artikel Tentang Perencanaan dan Pengembangan Bisnis

The important process known as business planning and development allows an organization to establish the strategies, goals, and tactics necessary to grow and succeed in the long term. Businesses are faced with many complex challenges in the current era of globalization, ranging from intense competition to rapid market changes. Therefore, careful business planning is essential to anticipate changes and take advantage of emerging opportunities. In this abstract, business planning and development is very important in today's dynamic business environment. Internal and external environmental analysis, goal setting, strategy development, resource allocation, and implementation are the main steps in the business planning process, which will be discussed thoroughly. In addition, this abstract will show how leadership, innovation, and information technology help business planning and development well. Organizations can optimize performance, increase competitiveness, and better face challenges by emphasizing holistic and sustainable business planning and development. Understanding market, consumer and industry trends is important amidst global uncertainty. Therefore, this abstract emphasizes how important it is to monitor the business environment and be flexible when changing business planning strategies to adapt to changes.

Development of a strategy for sustainable development of enterprises in conditions of uncertainty

In modern conditions, the development of socio-economic systems takes place under the influence of external and internal factors. In a world where constant changes occur, such characteristics of an object or system as stability and permanence become especially important. Due to the need to renew the national economy, an essential aspect of the functioning of enterprises at the current stage is their sustainable development, which must meet the needs of people at present and create a prosperous future for the next generations. Its components must be organically integrated into the strategic management of the enterprise. The purpose of this publication is to critically evaluate various theoretical and methodological approaches to the formation of sustainable development. Specifically, we aim to uncover the unique challenges and strategies involved in the sustainable development of business structures amidst the current socio-economic uncertainties. The article examines the essence of the formation of a strategy for the sustainable development of an enterprise. The essential content of the sustainable development of the economy within the framework of the "Goals of sustainable development" has been determined. Approaches to the study of interpretations of the concept of "sustainable development of the enterprise" are substantiated, determining the multifaceted nature of this concept and its complex nature. The experience of EU countries in the field of strategic management of sustainable business development is considered. The essence of the concepts of strategy, enterprise strategy, strategic planning, and strategy of sustainable development of the enterprise is defined. The elements of the strategy of sustainable development of the enterprise as a socio-ecological-economic system were studied. It is noted that enterprise strategies should be formed according to different principles based on strategic planning and management postulates. Conclusions. Strategy is the primary tool that allows an enterprise in an unstable external environment to determine the direction of activity and target orientations, develop a plan of measures to achieve the set goals and maintain the ability to maintain a high level of competitiveness and not lose parameters of sustainability. The symbiosis of strategic, innovative, and sustainability aspects of the enterprise's development will increase its social, environmental, and economic efficiency, thus ensuring a high level of competitiveness and survival of the enterprise in the long term. Keywords: sustainable development of the enterprise, sustainable development strategy, strategic planning, socio-ecological-economic system.

Sustainable Development of Chinese Family Businesses: Exploring the Role of Succession Planning in Maintaining Organizational Sustainability from the Perspective of Socioemotional Wealth

Identifying the factors affecting organizational sustainability is a crucial topic in the field of social science and business research. Especially in family businesses, the most crucial issue is how to maintain corporate sustainability across generations. In this regard, succession planning plays a key role in maintaining the sustainable development of family businesses. From the perspective of socioemotional wealth, this study discusses the motivations and consequences of intrafamily succession by measuring the impact of the internal determining factors of succession planning on family business performance. Based on a sample of 281 Chinese family firms, this study uncovers the relationship between succession planning and organizational performance. The core findings of this study include succession planning is positively related to organizational performance in the matter of the successor’s training; succession planning has a positive effect on organizational performance in terms of the successor’s self-preparation; and succession planning is positively correlated with organizational performance in the aspect of the relationship between the successor and business. By illustrating that the formulation of succession planning is an essential pursuit for family businesses to preserve sustainability and socioemotional wealth, the results reveal ways to facilitate succession planning through internal factors in the family business. This study contributes to organizational sustainable development literature, family business sustainability studies, and succession management research by validating the positive relationship between succession planning and organizational performance, indicating that succession planning is a vital driving force for achieving organizational sustainability.

Research Landscape of Sustainable Marketing: Thematic Analysis and Future Trends

Sustainability has been recognized as an integral business strategy leading to competitive advantage. The aim of the study is to generate a bibliometric blueprint for the sustainable marketing research domain and further identify emerging trends in this area. The data is collected from one of the most prominent bibliographic databases, Scopus. After narrowing our search keywords, a result of 4,889 articles is produced. Following the use of Boolean operators, 1,004 bibliographic resources were found, which were analysed in this study. The data is then visualized using a comparison visualization programme (VOSviewer) to demonstrate the possible outcomes graphically. The research findings are presented in the form of article categorizations into 11 thematic categories. The thematic categories outlined previous studies’ trends and contribution characteristics under the individual category, illustrating their implications. The article sums up the emerging and future themes in the area of sustainability. From the perspective of sustainability, the study demonstrates the importance of a sustainable business environment, green marketing, ecological marketing, sustainable tourism, and sustainability and development. The study brings out the role of multiple stakeholders to prevent the depletion of natural resources, secure waste management, prevent pollution, and cooperate with the nation’s compliance. This will promote economic development, which can be improved if we consider taking wiser steps to prevent the economy from degrading.

Visionary leadership and innovative mindset for sustainable business development: Case studies and practical applications

This study investigates the significance of visionary leadership and innovative leadership mindset on organizational sustainable development. The study investigates five case examples of business leadership to answer the research question of how the three-way interaction between visionary leadership, innovative leadership mindset, and business leadership approach may contribute to an organization’s sustainable development. The main argument is that the three-way interaction is considerable for the continuous development of an organization. This study uses the purposeful sampling strategy that matches the aim of the study. Therefore, five case examples from five different industries (the technological industry, the airline industry, the mining industry, the banking industry, and the automotive industry) have been selected intentionally to understand the study argument and to gather information that will answer the research question. The analysis highlighted key qualities of visionary leadership, innovative leadership mindset, and the five leadership approaches. The study infers that the proper match between the performed leadership approach and the existing visionary leadership and innovative mindset can create a unique organizational identity that serves its differentiation and continuous development.

Business Character Implementation Strategy for The Community of Teluk Patipi District

This research focuses on evaluating the preparedness of the inhabitants of Patipi Pasir village and its vicinities within East Fakfak district to cultivate their entrepreneurial spirit. The pivotal aim is to harness their potential in managing local natural resources effectively, thereby contributing significantly to the economic acceleration of the Fakfak district. Employing a descriptive research methodology, the study utilizes a semi-qualitative analysis method, with the gap analysis technique depicted through a fishbone diagram to pinpoint areas requiring improvement. Moreover, the strategic implementation for nurturing business character among the local populace is devised through the innovative use of the Ishikawa diagram, integrated with the Balanced Score Cards approach, providing a comprehensive framework for development. The findings reveal that the Patipi Bay District boasts considerable human resource potential that, if adequately nurtured, can lead to the effective management of its natural resources into sustainable businesses. The study underscores the necessity of developing a robust entrepreneurial ecosystem that supports the local community's transition towards sustainable economic practices. This entails providing adequate training, resources, and support systems to empower the community, ensuring they are well-equipped to capitalize on the intrinsic value of their natural resources. Through strategic planning and targeted development programs, the research envisions transforming the Patipi Bay District into a model for sustainable business development, leveraging its natural assets for long-term economic prosperity

Past, present, and future of block-chain in finance

Diverse businesses are investigating the possibility of redefining their current operational systems in light of the latest blockchain, initially developed for Bitcoin traBitcoinns. This research examines the existing literature on blockchain and its application in the finance sector. This paper provides a systematic literature review of the uses of blockchain in the finance sector. To conduct the review, we performed a boolean search on the Scopus database and obtained 149 records, which we then analyzed bibliometrically using the bibliometrix package in R. The categorization of the existing literature into themes resulted in identifying the following six significant research themes: financial inclusion, sustainable finance, blockchain technology, cryptocurrencies, and artificial intelligence. Following the inductive analysis, we propose a conceptual framework that includes components such as the digital financial revolution, innovation, entrepreneurship, the financial market, sustainable business development, and financial innovation and sustainability. These findings are utilized to suggest future lines of inquiry for this area of study, including the necessity of methodological development and theoretical foundation.

Tax Evasion in Chachapoyas: A Problem That the Ia Can Solve

In a changing business environment, tax evasion poses a crucial challenge that impacts public finances and competitive equity. This study focuses on applying artificial intelligence in the tax management of micro and small enterprises (MSEs) in Chachapoyas, Peru, between 2018 and 2022. The objective of this study is to investigate how the application of artificial intelligence in the tax management of micro and small enterprises (MSEs) in Chachapoyas, Peru, can contribute to greater tax equity and strengthen corporate social responsibility, thus fostering a fairer and more supportive tax environment in the community. The proposed methodology involves collecting and analyzing the financial statements of micro and small enterprises (MSEs), as well as conducting interviews and questionnaires with their owners. It will focus on five specific objectives ranging from the identification of the causes of tax evasion to the evaluation of MSEs' willingness to adopt technologies in their tax management. In conclusion, promoting the adoption of artificial intelligence could strengthen trust in the tax system, increase tax collection for the common benefit and support the sustainable development of local businesses, generating a positive impact on the community and society as a whole.

The Impact of Transformational Leadership Climate on Business Sustainability and New Product Development Process: Moderating Influence of Strategic Flexibility

The Impact of Transformational Leadership Climate on Business Sustainability and New Product Development Process: Moderating Influence of Strategic Flexibility

Fake Product Identification Scanner Using Blockchain

Safeguarding a company's products from counterfeiting is crucial for sustainable business development, which can detrimentally impact brand image and pose potential health risks due to inferior product quality. Counterfeiters exploit lower-quality materials and production methods for financial gain. Identifying counterfeit products is challenging for consumers, often requiring examination by a trained professional, incurring time and cost. In this paper, we propose a method for counterfeit detection through a simple scan of the product's quick response code, which is generated by unique algorithms. These QR codes, being both unique and resistant to replication, offer enhanced security against forgery. Additionally, implementing an encrypted peer-to-peer database system further fortifies the defense against tampering by attackers. This innovative approach aims to reduce manufacturing and material costs associated with traditional counterfeiting methods like Radio-Frequency Identification and holographic techniques. Keywords—Blockchain, counterfeit, QR code

A Study on the Impact of Pilot Carbon Emission Trading Policies on Corporate Performance

This paper uses the carbon emission trading policy as a quasi-natural experiment to comprehensively investigate its impact on the financial and market performance of firms. The study uses data from A-share listed companies for the period from 2009 to 2022 and adopts the difference-in-differences model for a rigorous analysis. The mediating effect of financing constraints and the moderating role of managerial capabilities are examined with respect to the influencing mechanisms; heterogeneity was also analyzed in terms of carbon allowance allocation methods, carbon prices, environmental enforcement efforts, and type of industry. The results of the study show that the carbon trading policy has a significant effect on improving the financial performance of firms, while also inhibiting their market performance. The feasibility of the findings was further validated after conducting robustness tests such as propensity score matching and placebo tests. The mechanism analysis finds that financing constraints play a masking effect on the impact of carbon trading policies on firms’ financial performance; managerial competence can positively moderate firms’ market performance. Heterogeneity analysis shows that the inhibitory effect of emissions trading policies on market performance is more significant for firms in regions with a smaller share of free allowances. For companies in high carbon price regions, carbon trading policies have a more significant impact on financial performance. For companies located in regions with higher levels of environmental enforcement, the positive effect of carbon trading policies on financial performance is unchanged, but the dampening effect on market performance is more significant. Carbon trading policies have a stronger positive effect on the financial performance of high-polluting firms, but a more significant dampening effect on the market performance of low-polluting firms. The findings of this study enhance China’s research framework on the economic impacts of carbon trading policies on micro-enterprises, promoting sustainable business development and serving as a useful reference for policy sustainability.

Factors affecting small and medium enterprises access to capital: Evidence from Vietnam

Purpose: The capacity of a business to operate and grow depends on its capital, particularly for small and medium-sized businesses (SMEs). However, access to capital sources depends on many factors such as collateral assets, business plans requiring loans, the social relations of business owners, etc. This study identifies factors affecting SMEs' access to capital in Vietnam.
 Design/Methodology/Approach: A typical survey was conducted on 450 SMEs in Vietnam, and structural model analysis methods were employed through PLS-SEM software to analyze the data.
 Findings: Research results show that there are nine groups of factors affecting the ability of SMEs in Vietnam to access capital ranked from high to low level of influence, including (i) operational characteristics of the business, (ii) financial reporting, (iii) financial behaviour of enterprises, (iv) social relations of enterprises, (v) capability of the enterprise, (vi) production and business plan of the enterprise, (vii) ability to adapt to the risks of the enterprise, (viii) characteristics of the business owner and the lowest is institutional environment.
 Conclusion: Regression analysis proved to be useful in identifying nine groups of elements that impact SMEs' access to capital in Vietnam. The study has proposed management implications to improve access to capital for SMEs in Vietnam.
 Research Limitations and Implications: The study selected samples based on the principle of random convenience, so the study's sample does not represent all SMEs in Vietnam according to the distribution of regions and territories where the businesses are located.
 Practical Implications: This research has practical significance in supporting managers at SMEs to make decisions to improve access to capital for businesses contributing to sustainable business development.
 Contribution to the Literature: This research makes a significant contribution to the field of practical research on capital and capital access for SMEs in Vietnam.

Determinants of the impact of ESG policy and corporate governance on employee rights

To comply with international development trends in recent years, Taiwanese government agencies have formulated environmental, social, and governance (ESG) legal policies and strengthened publicity for listed firms to prepare sustainability reports. Government agencies are trying to use ESG legal policies to gradually guide firms to take environmental, social, and governance measures and move toward sustainable operations. However, employee rights were easier for firms to ignore in the past, so paying attention to the correlation between employee rights and organizational governance is necessary. This paper aims to analyze the relationship between the organizational governance and employee turnover rate of Taiwanese food firms in the ten years from 2011 to 2021 through a panel regression model. The results show that there is a U-shaped relationship between board size and employee turnover. There is an inverted U-shaped relationship between the development of major shareholders’ shareholding and the strength of human resources. The research results show that organizational governance is significantly related to employee turnover. Finally, this paper believes that paying attention to human resources will contribute to the sustainable development of enterprises. Therefore, in terms of organizational governance policies, although government agencies have formulated relevant reference standards, firms should have functions more conducive to developing human resource measures. These functions include utilizing the guiding energy of the board of directors functions, and shareholding structure design, which will further help the stable development of human resources. Firms need high-quality human resources to make breakthroughs in technology or the market. Therefore, when firms cultivate high-quality human resources, they not only rely on employee welfare conditions but consider long-term organizational governance and human resource development as necessary planning conditions. These factors will drive firms to have the ability to break through the status quo, value all stakeholders, and create an attitude toward sustainable business development.