IDEAS home Printed from https://ideas.repec.org/a/ers/ijebaa/vixy2021i3p79-98.html
   My bibliography  Save this article

The Influential Relationship of Strategic Flexibility in Business Sustainability in the Pharmaceutical Companies’ Sector in Jordan

Author

Listed:
  • Ziad Ali Eid Alshawabkeh
  • Shaima’a Abdelqader Jaffal

Abstract

Purpose: This study aims to investigate the impact of strategic flexibility on business sustainability in pharmaceutical companies in Jordan. Design/Methodology/Approach: The researchers have designed a questionnaire consisting of (37) items that included the independent variable, strategic flexibility in its dimensions (productivity, marketability, competitiveness, and proactivity), and the dependent variable in business sustainability with its dimensions (economic, social, and environmental). It was distributed to pharmaceutical companies in Jordan, where the researchers used the comprehensive survey method as the size of the study population reached (125) managers, the sample size was (125), among which (123) were valid for analysis, and two were excluded. Findings: The study found a set of results, including the level of both strategic flexibility as well as its dimensions (productive flexibility, marketability, competitiveness, and anticipation) and business sustainability, as well as its dimensions (economic, social, and environmental), in pharmaceutical companies being high, according to the viewpoint of the sample members, as well as the existence of a statistically significant impact at 5% level of significance of strategic flexibility with its combined and individual dimensions (productivity, marketability, competitiveness, and proactivity) on business sustainability in its combined dimensions (economic, social, and environmental). Practical Implications: The study recommends higher management in pharmaceutical companies and boards of directors to pay more attention to the topics of business sustainability in its dimensions (economic, social, and environmental) and strategic flexibility in its dimensions (productivity, marketability, competitiveness, and proactivity), especially in light of the conditions that the world is experiencing under the impact of the Corona pandemic and its negative repercussions on the economy and human health.

Suggested Citation

  • Ziad Ali Eid Alshawabkeh & Shaima’a Abdelqader Jaffal, 2021. "The Influential Relationship of Strategic Flexibility in Business Sustainability in the Pharmaceutical Companies’ Sector in Jordan," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(3), pages 79-98.
    • Handle: RePEc:ers:ijebaa:v:ix:y:2021:i:3:p:79-98
    as

    Download full text from publisher

    File URL: https://www.ijeba.com/journal/720/download
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Mengmeng Meng & Jiasu Lei & Jie Jiao & Qiuyan Tao, 2020. "How does strategic flexibility affect bricolage: The moderating role of environmental turbulence," PLOS ONE, Public Library of Science, vol. 15(8), pages 1-18, August.
    2. Roger Leonard Burritt & Katherine Leanne Christ & Hussain Gulzar Rammal & Stefan Schaltegger, 2020. "Multinational Enterprise Strategies for Addressing Sustainability: the Need for Consolidation," Journal of Business Ethics, Springer, vol. 164(2), pages 389-410, June.
    3. Kuen‐Hung Tsai & Yi‐Chuan Liao, 2017. "Sustainability Strategy and Eco‐Innovation: A Moderation Model," Business Strategy and the Environment, Wiley Blackwell, vol. 26(4), pages 426-437, May.
    4. Daniela M. Salvioni & Simona Franzoni & Raffaella Cassano, 2017. "Sustainability in the Higher Education System: An Opportunity to Improve Quality and Image," Sustainability, MDPI, vol. 9(6), pages 1-27, May.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Shuanglian Chen & Zhehao Huang & Benjamin M. Drakeford & Pierre Failler, 2019. "Lending Interest Rate, Loaning Scale, and Government Subsidy Scale in Green Innovation," Energies, MDPI, vol. 12(23), pages 1-22, November.
    2. Gaston Fornes & Abel Monfort & Camelia Ilie & Chun Kwong (Tony) Koo & Guillermo Cardoza, 2019. "Ethics, Responsibility, and Sustainability in MBAs. Understanding the Motivations for the Incorporation of ERS in Less Traditional Markets," Sustainability, MDPI, vol. 11(24), pages 1-22, December.
    3. Andrea Okanović & Jelena Ješić & Vladimir Đaković & Simonida Vukadinović & Andrea Andrejević Panić, 2021. "Increasing University Competitiveness through Assessment of Green Content in Curriculum and Eco-Labeling in Higher Education," Sustainability, MDPI, vol. 13(2), pages 1-20, January.
    4. Giorgio Mion & Angela Broglia & Angelo Bonfanti, 2019. "Do Codes of Ethics Reveal a University’s Commitment to Sustainable Development? Evidence from Italy," Sustainability, MDPI, vol. 11(4), pages 1-18, February.
    5. Nyboer, Elizabeth A & Nguyen, Vivian & Young, Nathan & Rytwinski, Trina & Taylor, Jessica J & Lane, John Francis & Bennett, Joseph R & Harron, Nathan & Aitkin, Susan M & Auld, Graeme, 2021. "Supporting actionable science for environmental policy: Advice for funding agencies from decision makers," EcoEvoRxiv 4ye2u, Center for Open Science.
    6. Giorgia Miotto & Marc Polo López & Josep Rom Rodríguez, 2019. "Gender Equality and UN Sustainable Development Goals: Priorities and Correlations in the Top Business Schools’ Communication and Legitimation Strategies," Sustainability, MDPI, vol. 11(2), pages 1-18, January.
    7. Ana Tur-Porcar & Alicia Mas-Tur & Elisabeth Malonda Vidal, 2017. "Long-Term Educational Sustainability: Educational Innovation in Social Vulnerability Contexts," Sustainability, MDPI, vol. 9(9), pages 1-11, September.
    8. Yaffa Moskovich, 2020. "Business Sustainability Strategy in a Cooperative Kibbutz Industry," Sustainability, MDPI, vol. 12(21), pages 1-23, November.
    9. Manuel Muñoz-Suárez & Natividad Guadalajara & José M. Osca, 2020. "A Comparative Analysis between Global University Rankings and Environmental Sustainability of Universities," Sustainability, MDPI, vol. 12(14), pages 1-19, July.
    10. Anirban Chakraborty & Sumit Kumar & L. S. Shashidhara & Anjali Taneja, 2021. "Building Sustainable Societies through Purpose-Driven Universities: A Case Study from Ashoka University (India)," Sustainability, MDPI, vol. 13(13), pages 1-20, July.
    11. Giulia Sonetti & Caterina Barioglio & Daniele Campobenedetto, 2020. "Education for Sustainability in Practice: A Review of Current Strategies within Italian Universities," Sustainability, MDPI, vol. 12(13), pages 1-24, June.
    12. Gómez-Bolaños, Efrén & Ellimäki, Pia & Hurtado-Torres, Nuria E. & Delgado-Márquez, Blanca L., 2022. "Internationalization and environmental innovation in the energy sector: Exploring the differences between multinational enterprises from emerging and developed countries," Energy Policy, Elsevier, vol. 163(C).
    13. Ștefan Andrei Neștian & Ana Iolanda Vodă & Silviu Mihail Tiță & Alexandra Luciana Guță & Elena-Sabina Turnea, 2021. "Does Individual Knowledge Management in Online Education Prepare Business Students for Employability in Online Businesses?," Sustainability, MDPI, vol. 13(4), pages 1-24, February.
    14. Juan Martín-Miguel & Camio Prado-Román & Gabriel Cachón-Rodríguez & Lilliana L. Avendaño-Miranda, 2020. "Determinants of Reputation at Private Graduate Online Schools," Sustainability, MDPI, vol. 12(22), pages 1-18, November.
    15. Jule Naffin & Johanna Klewitz & Stefan Schaltegger, 2023. "Sustainable development of supplier performance. An empirical analysis of relationship characteristics in the automotive sector," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 30(4), pages 1753-1769, July.
    16. Huang, Zhehao & Liao, Gaoke & Li, Zhenghui, 2019. "Loaning scale and government subsidy for promoting green innovation," Technological Forecasting and Social Change, Elsevier, vol. 144(C), pages 148-156.
    17. Rajesh Kumar Bhaskaran, 2023. "Sustainability Initiatives, Knowledge-Intensive Innovators, and Firms’ Performance: An Empirical Examination," IJFS, MDPI, vol. 11(1), pages 1-16, January.
    18. Hang Wu & Yiying Qu & Yong Ye, 2022. "The Effect of International Diversification on Sustainable Development: The Mediating Role of Dynamic Capabilities," Sustainability, MDPI, vol. 14(15), pages 1-16, July.
    19. Rauter, Romana & Globocnik, Dietfried & Baumgartner, Rupert J., 2023. "The role of organizational controls to advance sustainability innovation performance," Technovation, Elsevier, vol. 128(C).
    20. Paulius Šūmakaris & Kristina Kovaitė & Renata Korsakienė, 2023. "An Integrated Approach to Evaluating Eco-Innovation Strategies from the Perspective of Strategic Green Transformation: A Case of the Lithuanian Furniture Industry," Sustainability, MDPI, vol. 15(11), pages 1-33, June.

    More about this item

    Keywords

    Strategic flexibility; business sustainability; economic sustainability; social sustainability; environmental sustainability.;
    All these keywords.

    JEL classification:

    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • O2 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ers:ijebaa:v:ix:y:2021:i:3:p:79-98. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Marios Agiomavritis (email available below). General contact details of provider: https://ijeba.com/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.