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Sustainable Competitiveness - A Strategic Management Shift Of Businesses

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  • ?îmbalari Carolina

    (Lucian Blaga University Sibiu, Romania,)

Abstract

The management of the modern organization is focused on overviews of the long-term economic performance it produces in a market-driven environment. Many businesses have succeeded in balancing profitability with sustainability by incorporating sustainability into their long-term strategic approaches: "How we act today, we will see the result in the future". They have done this by being aware of the effects that business sustainability has on organizational processes and performance. According to empirical data, an organization can benefit from a competitive edge by balancing its relationship with the environment, particularly from the perspectives of economic efficiency, social equality, and environmental strategy. The link is complicated, though, and this study adds an overview of how these businesses apply their strategies in the quest for sustainable competitiveness. This study is a systematic review of the business sustainability literature and presents the world's most sustainable firms based on an examination of the annual rankings of the most sustainable corporations for the years 2020–2022 provided by Corporate Knights' rating. In conclusion, this paper will advance the area of management by encouraging managers and business owners to pay attention to aspects influencing organizational sustainability that go beyond the numbers in financial analysis.

Suggested Citation

  • ?îmbalari Carolina, 2023. "Sustainable Competitiveness - A Strategic Management Shift Of Businesses," Management Strategies Journal, Constantin Brancoveanu University, vol. 60(2), pages 139-148.
    • Handle: RePEc:brc:journl:v:60:y:2023:i:2:p:139-148
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    References listed on IDEAS

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    More about this item

    Keywords

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    JEL classification:

    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business

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