IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v15y2023i23p16298-d1287476.html
   My bibliography  Save this article

Data Management for Environmentally Sustainable and Profitable Business: Evidence from the Food Retail Industry

Author

Listed:
  • Joudi Dibsi

    (School of Engineering, University of Wollongong in Dubai, Dubai P.O. Box 20183, United Arab Emirates)

  • Jaeyoung Cho

    (School of Business, University of Wollongong in Dubai, Dubai P.O. Box 20183, United Arab Emirates)

Abstract

Climatic changes are now a global reality with widespread repercussions for individuals and businesses worldwide. The responsibility to adapt behaviors and protect the environment is shared by all of humanity. Business leaders can play a pivotal role in expediting this transformation by shifting their focus from pure profit-seeking to becoming value-driven entities that actively contribute to societal betterment while championing environmental conservation and sustainable profitability. This transition, however, poses certain challenges, notably the higher costs associated with ecofriendly materials, which can strain a company’s financial equilibrium. Furthermore, a significant number of organizations overlook the untapped potential of their data, a valuable asset that could significantly bolster their competitive position. To address these challenges, this study aims to provide actionable guidance for business leaders by using a notable data framework to reassess their capabilities and dynamically adapt to external environments. Our method relies on data mining algorithms and business intelligence tools to report data. The results pinpoint which products are greatly in demand, so leaders can be assured their investment in redesigning products yields profit, improves product freshness, and eliminates waste. By bridging the gap between profitability and environmental responsibility, this study endeavors to empower businesses to thrive in a sustainable, value-driven future.

Suggested Citation

  • Joudi Dibsi & Jaeyoung Cho, 2023. "Data Management for Environmentally Sustainable and Profitable Business: Evidence from the Food Retail Industry," Sustainability, MDPI, vol. 15(23), pages 1-28, November.
    • Handle: RePEc:gam:jsusta:v:15:y:2023:i:23:p:16298-:d:1287476
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/15/23/16298/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2071-1050/15/23/16298/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Alex Michalos, 2013. "The Business Case for Asserting the Business Case for Business Ethics," Journal of Business Ethics, Springer, vol. 114(4), pages 599-606, June.
    2. Peter Seele, 2018. "What Makes a Business Ethicist? A Reflection on the Transition from Applied Philosophy to Critical Thinking," Journal of Business Ethics, Springer, vol. 150(3), pages 647-656, July.
    3. Jay B. Barney & Mark H. Hansen, 1994. "Trustworthiness as a Source of Competitive Advantage," Strategic Management Journal, Wiley Blackwell, vol. 15(S1), pages 175-190, December.
    4. Jinyu Wei & Xiuping Yi & Xin Yang & Yaoxi Liu, 2023. "Blockchain-Based Design of a Government Incentive Mechanism for Manufacturing Supply Chain Data Governance," Sustainability, MDPI, vol. 15(8), pages 1-21, April.
    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. Ioannis Oikonomou & Chao Yin & Lei Zhao, 2020. "Investment horizon and corporate social performance: the virtuous circle of long-term institutional ownership and responsible firm conduct," The European Journal of Finance, Taylor & Francis Journals, vol. 26(1), pages 14-40, January.
    2. M. Meuleman & S. Manigart & A. Lockett & M. Wright, 2006. "Transaction costs, behavioral uncertainty and the formation of interfirm cooperations: Syndication in the UK private equity market," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 06/359, Ghent University, Faculty of Economics and Business Administration.
    3. Isabelle Le Breton–Miller & Danny Miller, 2006. "Why Do Some Family Businesses Out–Compete? Governance, Long–Term Orientations, and Sustainable Capability," Entrepreneurship Theory and Practice, , vol. 30(6), pages 731-746, November.
    4. Tomas Karlsson & Caroline Wigren, 2012. "Start-ups among university employees: the influence of legitimacy, human capital and social capital," The Journal of Technology Transfer, Springer, vol. 37(3), pages 297-312, June.
    5. Jamalnia, Aboozar & Gong, Yu & Govindan, Kannan, 2023. "Sub-supplier's sustainability management in multi-tier supply chains: A systematic literature review on the contingency variables, and a conceptual framework," International Journal of Production Economics, Elsevier, vol. 255(C).
    6. Wang, Chun-Ju & Wu, Lei-Yu, 2012. "Team member commitments and start-up competitiveness," Journal of Business Research, Elsevier, vol. 65(5), pages 708-715.
    7. Tsang, Eric W. K., 1999. "A preliminary typology of learning in international strategic alliances," Journal of World Business, Elsevier, vol. 34(3), pages 211-229, October.
    8. M. Todd Royle & Gavin Fox & Wayne A. Hochwarter, 2009. "The Relationships Between Select Situational And Dispositional Constructs And Informal Accountability For Others," International Journal of Management and Marketing Research, The Institute for Business and Finance Research, vol. 2(1), pages 113-133.
    9. Sue-Chan, Christina & Au, Al K.C. & Hackett, Rick D., 2012. "Trust as a mediator of the relationship between leader/member behavior and leader-member-exchange quality," Journal of World Business, Elsevier, vol. 47(3), pages 459-468.
    10. Jung Lee & Jae-Nam Lee & Bernard C. Y. Tan, 2015. "Antecedents of cognitive trust and affective distrust and their mediating roles in building customer loyalty," Information Systems Frontiers, Springer, vol. 17(1), pages 159-175, February.
    11. Sanjith Gopalakrishnan & Moksh Matta & Hasan Cavusoglu, 2022. "The Dark Side of Technological Modularity: Opportunistic Information Hiding During Interorganizational System Adoption," Information Systems Research, INFORMS, vol. 33(3), pages 1072-1092, September.
    12. Ranjay Gulati & Maxim Sytch, 2008. "Does familiarity breed trust? Revisiting the antecedents of trust," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 29(2-3), pages 165-190.
    13. Francesco Gangi & Mario Mustilli & Lucia Michela Daniele & Maria Coscia, 2022. "The sustainable development of the aerospace industry: Drivers and impact of corporate environmental responsibility," Business Strategy and the Environment, Wiley Blackwell, vol. 31(1), pages 218-235, January.
    14. Arouri, Mohamed & Gomes, Mathieu & Pukthuanthong, Kuntara, 2019. "Corporate social responsibility and M&A uncertainty," Journal of Corporate Finance, Elsevier, vol. 56(C), pages 176-198.
    15. Alain Asquin & R. Moore, 2003. "Trajectories, Strategic Formulas and Contingencies : pathways to entrepreneurial success," Post-Print halshs-00688892, HAL.
    16. Williams, Christopher & van Triest, Sander, 2009. "The impact of corporate and national cultures on decentralization in multinational corporations," International Business Review, Elsevier, vol. 18(2), pages 156-167, April.
    17. Shad S. Morris & Sharon A. Alvarez & Jay B. Barney & Janice C. Molloy, 2017. "Firm-specific human capital investments as a signal of general value: Revisiting assumptions about human capital and how it is managed," Strategic Management Journal, Wiley Blackwell, vol. 38(4), pages 912-919, April.
    18. Claudio Aqueveque & Catherine Encina, 2010. "Corporate Behavior, Social Cynicism, and Their Effect on Individuals’ Perceptions of the Company," Journal of Business Ethics, Springer, vol. 91(2), pages 311-324, February.
    19. Ashraf Elsafty & Abdelaziz Tahon, 2021. "Exploring Impact of Corporate Social Responsibility on Organizational Performance, the Case of Turkish Islamic Banks," Business and Management Studies, Redfame publishing, vol. 7(1), pages 1-21, March.
    20. Richard J. Arend, 2020. "Getting Nothing from Something: Unfulfilled Promises of Current Dominant Approaches to Entrepreneurial Decision-Making," Administrative Sciences, MDPI, vol. 10(3), pages 1-22, August.

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;

    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:gam:jsusta:v:15:y:2023:i:23:p:16298-:d:1287476. 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: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.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.