Integral Part Of Business Strategy Research Articles

RETRACTED: Sustainable stakeholder participation planning on the basis of analysis of competing project interest

AbstractSustainability has become more than just an aspiration in business. It has become an integral part of business strategy and decision‐making. Organizations have realized that adhering to sustainability with its impact on multi‐facets can drive business success. Long‐term growth requires an understanding of the relationships between people and their surroundings. Engagement of stakeholders is essential for planning, designing, implementing, and ensuring the efficacy of programmes. Due to the requirement for sustainability and the engagement of a greater stakeholder range in project planning, the project plan complexity is growing. The lack of or insufficient engagement of stakeholders throughout the project life cycle, particularly in the early phases of implementation and planning, frequently has a detrimental effect on the intended project performance. Effective stakeholder engagement is essential to counterbalance the combined effects of a lack of contextual knowledge by stakeholders and a lack of support in the field. However, this integration encounters difficulties such as resource restrictions and competing stakeholder interests. To encourage stakeholder engagement with the initiatives, project resources may be allocated based on the relative importance of competing areas. This study intends to establish a Stakeholder Engagement Framework (SEF) to increase the effectiveness of stakeholder engagement in projects by systematically evaluating potential conflicts and integrating the perspectives of stakeholders and the project management team. To do this, we use fuzzy logic inputs to account for ambiguities throughout the project life cycle, as well as stakeholder theory, value‐based management, matrix‐based dependency modeling, and total quality management to provide a framework for stakeholder participation. Then we implement the suggested SEF methodology to organize stakeholder participation for a green building project. The suggested framework will promote stakeholder participation under long‐term goals for project managers by identifying potential conflicts of interest.

Technological Sustainability or Sustainable Technology? A Multidimensional Vision of Sustainability in Manufacturing

The topic of sustainability is becoming one of the strongest drivers of change in the marketplace by transforming into an element of competitiveness and an integral part of business strategy. Particularly in the manufacturing sector, a key role is played by technological innovations that allow companies to minimize the impact of their business on the environment and contribute to enhancing the value of the societies in which they operate. Technological process can be a lever to generate sustainable behaviors, confirming how innovation and sustainability constitute an increasingly close pair. However, it emerges that the nature of this relationship is explored by researchers and considered by practitioners almost exclusively in terms of the degree of sustainability of technological solutions. Lacking is an in-depth exploration of how a product or process, in addition to being environmentally and socio-economically sustainable, must or can also be technologically sustainable. This research therefore aims to build a theoretical foundation for technological sustainability seen as a possible fourth dimension of sustainable development.

Innovation Support and Eco-Innovation in the Slovak Republic in the Intentions of Sustainable Development

The Slovak Republic has a precisely established system of institutional support for innovation, which provides a wide system of opportunities for innovation development. Nevertheless, the Slovak Republic is in the last place in the innovation application within the EU, while the biggest problem seems to be the insufficient connection between R & D on the one hand and companies that could apply new ideas in practice on the other hand. Another big problem is the system of innovation funding, which is a big problem in Slovakia, especially at this time (consequences of the Covid-19 pandemic). Eco-innovation is now an integral part of business strategy in all developed countries. The Slovak Republic is on the last places in EU in this indicator, as the funding of eco-innovations is even more complicated due to the financing of “classic” innovations. Nevertheless, there are several successful eco-innovation projects in Slovakia, which we can consider as a contribution to sustainable development. The eco-innovation index of Slovakia shows that the Slovak Republic belongs to the group of catching-up countries and there is a huge space for improvement, which will probably be used largely in the near future. © 2021, HARD Publishing Company. All rights reserved.

Avaliação da maturidade em gestão do conhecimento em Organizações Mineiras

Este trabalho tem como objetivo analisar a maturidade em gestão do conhecimento em organizações mineiras. O trabalho foi desenvolvido em empresas de vanguarda localizadas em Minas Gerais. Trata-se de uma pesquisa quantitativa de natureza descritiva. O instrumento de coleta de dados foi dividido em sete seções, que correspondem às sete dimensões do diagnóstico de gestão do conhecimento proposto por Bukowitz e Williams (2002). Como técnica de análise de dados para se comparar, para cada organização, as pontuações das dimensões do conhecimento, e também cada fator do conhecimento entre as instituições, foi utilizada a ANOVA e, para as comparações múltiplas, o teste de Tukey. Os resultados do Diagnóstico de Gestão do Conhecimento nas empresas estudadas apontam que o conhecimento e aprendizagem estão embutidos nos processos e na cultura das organizações, e são considerados parte integrante da estratégia empresarial por elas desenvolvida.

The Strategic Nature of Corporate Social Responsibility

This article examines the relationship between Corporate Strategy and Corporate Social Responsibility (CSR). More specifically, it looks at the extent to which CSR forms an integral part of business strategy, both at corporate and business level. The message is that assuming social responsibility has more to do with achieving strategic objectives and the long-term success of a business than with altruism or moral issues. Understanding how CSR influences both corporate and business strategy is the first step to designing the most appropriate strategic course for a company. Using data on Spanish society and on companies operating in Spain, the article shows the long-term benefits of including CSR in corporate strategy.

Intertwining CSR with strategy – the way ahead

Purpose – The purpose of this paper is to emphasize the importance and means of making corporate social responsibility (CSR) an integral part of corporate strategy with the help of case studies. Design/methodology/approach – The article explores the transformation of business from being egocentric to socially responsible. With the use of examples it demonstrates how integrating CSR into strategy can create sustainable business models. Findings – Firms need to develop a framework for integrating CSR into their business strategy for long term successful survival. Social implications – Corporates and society are intertwined and mutually dependent. Business cannot survive without society's acquiescence nor succeed without its active support. Originality/value – The article explains the benefits of CSR and how to make it an integral part of business strategy to gain a competitive advantage.

Exploring a Sense of Intellectual Property Valuation for Indian SMEs

As intellectual property (IP) has become an integral part of business strategy, the valuation of these assets has become more and more critical. Consequently, the strategic decisions of Indian SMEs also increasingly depend on understanding the economics affecting the value of these assets and most crucially appraising the approximate value of their IP. In this light, the paper reviews the principal approaches and methods used to evaluate an IP asset and proposes a framework to help the Indian SMEs to select an appropriate approach for effective valuation of their IP. In the background, paper discusses various scenarios where IP valuation is required and needed for SMEs and also explores some problems and issues generally faced/reported by the Indian SMEs in IP valuation. Further, the paper examines the broadening set of channels through which SMEs can exploit their IP. The paper provides five constructive building blocks (descriptions of IP assets, valuation purpose, influencing factors, valuation premise and Standardizing IP valuation) for Indian SMEs to choose a viable approach. The paper concludes that the selection of an appropriate method depends upon the circumstances surrounding the valuation, including the type of IP being valued, the purpose of valuation, the basis of valuation and most importantly the availability of information. The clear understanding of the underlying assumptions and theories behind the various valuation methodologies will assist the Indian SMEs greatly in negotiations for the sales or licensing of their intellectual property.

Integrating corporate sustainability and strategy for business performance

Purpose – The purpose of this paper is to make business the centrepiece of its inquiry into responses to the sustainable development challenge.Design/methodology/approach – This paper uses the individual firm as its lens for viewing the sustainability challenge. It explores and synthesises the new strategic capabilities that business will require to meet this challenge and how these can contribute to sustainable competitive advantage. It argues that to focus management attention and understanding, these capabilities must be rooted in existing strategy paradigms. It cites India, a developing economy exemplar, to posit the compelling rationale for making corporate sustainability an integral part of business strategy for the developing world as well. It sounds an important cautionary note that – notwithstanding corporate acceptance of the urgent need – building sustainability, as a strategic business capability will still require significant management attention and efforts.Findings – The prevailing social a...

The rhetoric and reality of ‘process control’ in organisational environments with a TQM orientation: The managers’ view

This paper offers a defence of total quality management (TQM) initiatives as an integral part of business strategy for maintaining competitive advantage. It takes issue with one argument against it: that there exist ambiguity and contradiction in using ‘process control’ to exert control over the workforce to bring about the desired outcomes of TQM, and therefore it might be seen as a follow-up to scientific management. The paper adopts a qualitative approach in the form of three case studies. Data from 47 managers representing a variety of managerial levels indicate that the increased control over the workforce is indirect through the increased control over the work process, and that TQM initiatives can be used as the vehicle for achieving what most of the managers search for: higher organisational performance through more effective use of the capabilities and inclinations of their workforce. However, the study further highlights the danger that the promised TQM benefits could be vulnerable to management bias towards control, leading to its failure in the long term.

Knowledge management barriers: An interpretive structural modeling approach

In the fast changing global business, knowledge management (KM) has emerged as an integral part of business strategy. Many business organizations have implemented KM and many are in the process of its implementation. KM implementation is adversely affected by few factors which are known as KM barriers. The objective of this paper is to develop the relationships among the identifiedKMbarriers. Further, this paper is also helpful to understand mutual influences of barriers and to identify those barriers which support other barriers (driving barrier) and also those barriers which are most influenced by other barriers (dependent barriers). The interpretive structural modeling (ISM) methodology is used to evolve mutual relationships among these barriers. KM barriers have been classified, based on their driving power and dependence power. The objective behind this classification is to analyze the driving power and dependence power of these barriers.

Sustainable Development Becoming Integral Part of Business Strategy

This publication contains reprint articles for which IEEE does not hold copyright. Full text is not available on IEEE Xplore for these articles.

A dynamic evaluation of factors determining the quality of service perceived by clients: an empirical analysis focused on the consultancy sector

The buyer–seller relation has become an integral part of business strategy in the service sector. This study begins from the importance of quality of service in the buyer-seller relation and adds evidence concerning an issue missing in other studies performed: the importance that clients attribute to dimensions of perceived quality varies as a function of the length of their relation to the firm. We identify which dimensions of quality of service should at any given moment be the primary concern of management and which should have secondary significance. To do this, we contacted an experienced national consultancy in order to learn, by means of a multiple linear regression model, the value attributed on the part of its clients to the quality of service and its dimensions. The study shows how buyers value some dimensions of perceived quality as a function of the length of their relation to the organisation.

The role of corporate social responsibility in an oil company's expansion into new territories

The nature of the oil industry demands that it be proactive and socially responsible in addition to operating in an ethical and environmentally friendly manner. The aims of this study were to analyse the role of corporate social responsibility (CSR) in BP's overall business strategy and its practices in relation to oil developments in the Faroe Islands as well as examining the benefits of employing CSR as an integral part of business strategy when operating in new territories and cultures. The findings suggest that BP's awareness of the relationship between socially responsible investment and reputation, linked to their desire to have a positive impact on the societies in which they operate, mean that CSR is an important component of their business strategy. However, while BP perceive CSR as having a positive effect on their expansion into new territories and the host country may require licence bids to include social and environmental factors, these are secondary to operational performance and technical capacity in determining licence awards. Copyright © 2005 John Wiley & Sons, Ltd and ERP Environment.

An analytical hierarchy process assessment of the ISO 14001 environmental management system

Nowadays, designing and manufacturing of environmental friendly products has become an integral part of business strategy. Increasing consciousness of environmental protection has fostered the development of environmental management systems (EMS). In this paper, the critical decision criteria, sub‐criteria and benefits of ISO 14001 EMS were studied using an analytical hierarchy process (AHP) approach. An empirical study was performed to investigate the relative weights and priorities of these criteria and benefits. An AHP decision model of EMS adoption was established, and a set of decision criteria, sub‐criteria and benefits of ISO 14001 EMS was examined. By consolidating the acquired judgements of executives and consultants from a number of ISO 14001 registered organizations, this paper demonstrates that the AHP decision model can be developed to help organizations study the ISO 14001 EMS adoption problem. The decision criteria and benefits of the adoption can be assessed in an analytical way.

Auditoría de la Formación

La Auditoría de la Formación es un concepto contemporáneo que vincula el área de recursos humanos con el concepto de auditoría en la organización. La investigación presente expone un compendio de las principales ideas relacionadas con este tema. Estas ideas han sido desarrolladas por académicos e investigadores, principalmente europeos liderados por Pilar Pineda (1195) quien publicó el libro, Auditoría de la formación. De estas ideas se considera el concepto de Pedagogía Laboral y sus elementos constituyentes, se analiza la estrecha y directa vinculación que tiene le tema de formación empresarial con el cambio ambiental e interno de la organización y cómo ello afecta la cultura. Se discute el hecho de si es inversión o sólo un gasto considerar la formación como parte integrante de la estrategia empresarial. Los paradigmas asociados, los principios, los propósitos y las características de la formación se recogen en la estructuración de definiciones básicas del concepto de Auditoría de la Formación. Finalmente, se presentan antecedentes que permiten conocer dos modelos de Auditoría de la Formación.

Accounting for technological innovation: an overview

Technology and, more specifically, significant technological innovation is increasingly being recognized by business executives as both an integral part of business strategy and either a major opportunity for, or strong threat to, their firm's development. A growing number of executives are giving equal attention to both process and product forms of technological innovation, and are scanning technological innovations in the international arena. This paper argues that R&D is an important but not exhaustive component of technological innovation. Its main conclusions from the viewpoint of accounting standards and practice are: - Net cash flow rather than net profit (or loss) is the most relevant financial criterion with which to judge the commercial value and results of innovation. - Both accounting practice and standards should be developed with the clear attempt to ensure international compatabilily. - Given the speed of change in technological innovation, accounting practices and standards should be regularly reviewed, and if necessary altered—two-yearly review seems a justifiable suggestion. - Several standards on accounting for the major fields of technology may need to be developed; however, a broad standard dealing with common issues may be possible. - The input of technologists, researchers and general managers is necessary to ensure that accounting practices and standards are conceptually sound and useful to business managers.