International Journal of Sustainable Strategic Management (5 papers in press)
Consolidation in the Indian Banking Sector: Evaluation of Sustainable Development Readiness of the Public Sector Banks in India
by Ajai Prakash, Kishore Kumar, Ankit Srivastava
Abstract: Banking is a pivot in providing the right trajectory to sustainable development actions. It is an important driver in financing projects hence, influences a number of stakeholders who are responsible for sustainable development directly. In the same, the Government of India is stressing on strengthening and consolidation its banking system. Restructuring the process of managing the accounting process, we find evidence from the steps taken to bring down NPAs of banks. Secondly but more importantly, the Indian banking sector is witnessing a spate of mergers, thereby consolidating the Indian banking industry. This paper looks at issues pertaining to consolidation activity in the Indian banking industry and tests the level of sustainable development adaptation of Indian banking industry. The paper follows the following steps, it analyses the status quo of sustainable development in public sector banks of India, by rating the adaptation of banks towards SD practices. It also looks at how far have these institutions become signatories to national and international accepted norms for the banking sector and whether these institutions have initiated certain practices from their own that could be integrated with existing acceptable practices of SD and the like. The paper also considers how far these institutions have declared their actions in terms of national & international SD norms for the banking sector. For the purpose of research, information was derived from the sustainability reports, business responsibility reports, annual reports and official websites of the banking institutions. The model adopted for the study is the Sustainable Banking Model originally proposed by Jeucken, 2001. The study was conducted on all twenty-seven public sector banks in India for the period ended March 31, 2016. The results of the study show that none of the banks lie in the sustainable typology under the higher echelons of the model. The study indicates that the public sector banking industry in India primarily lies in the defensive and preventive banking stage, signifying that the banks merely follows the adoption of the regulatory norms. It was interesting to note that only 25.9% of the banks have provided the adoption of NVGs in the objective information provided in the public domain but there too, the qualitative information lacked support. There is a scant indication of adoption of Indian Banking towards sustainable development initiatives.
Keywords: Sustainable development; Responsible banking; NVGs; Ethical banking; Sustainable banking model.
Panoramic difference of academicians in Promoting Sustainable Change
by Nidhi Singh, Teena Saharan
Abstract: The social, economic, cultural, ecological and political transformations are essential factors of sustainable development and studies have shown that higher education is one of the important sources to bring required sustainable changes across the globe. This paper has tried to identify the homogenous groups of academicians, with similar viewpoints, and to know their opinion about the given variables that a higher education institute may adopt to promote sustainable change in society. The research was descriptive in nature and a data of 168 respondents was finally incorporated for analysis. Data was collected from faculty members of various management and engineering institutes in India. Cluster analysis, chi square test and one way ANOVA using Tukeys post hoc test for equal variance assumed was used for data analysis and hypotheses testing. 16 variables developed and used by Forum for the Future (2003) were used to measure the academicians opinions. Three clusters were identified with different perspective in which first cluster is very optimistic and support all variables, second is with a very conservative approach and third cluster is with a futuristic approach.
Keywords: Academicians’ Perspective; Higher Educational Institutes; Sustainable development; cluster analysis; India.
"Keeper of the Fire": Human Resource Managements Role in the Organizational Development of an Employee Sustainability Mindset
by Maria Nathan
Abstract: Sustainability is meeting the needs and demands of today without compromising the ability of future generations to meet their requirements (Burton, 1987:8). Sustainable development requires that organizations social, environmental, well-being, and economic factors are managed in balance and from short and long- term as well as external and internal perspectives. Organizations have been advised to yoke sustainability practice to virtually every facet of an organizations strategic management process, including human resource management as a functional level organizational strategic unit. In recent years, Human Resource Management (HRM) has been highlighted as a key agent with which to advance the firm because it is a central internal consultant for all matters of human capital management. Thusly positioned, HRM can play a critical role in engendering employee sustainability practices. The purpose of this paper is to flesh out a key, core role for HRM as keeper of the fire of an employee sustainability mindset. Essentials of mindset are first developed, then the sustainability mindset and its integration into HRM and employee practices is explored. Finally, critical concerns and future directions for sustainable HRM practice are examined.
Keywords: Sustainable HRM; sustainability and society; sustainability mindset; mindset development and change; sustainable organizations; sustainable HR development; human capital management.
Sustainability as a Strategy Incorporated in Decision Making at Supply Chain Management Case Study of General Motors
by Amrinder Kaur, Puja Sharma
Abstract: Sustainability as a strategy has been incorporated in decision-making process at General Motors an automotive manufacturing company. It has helped General Motors to overcome financial crisis. In todays environment, incorporation of sustainability factors particularly in supply chain management is critically important when governments all over the world are working to arrest climate change and reduce emission levels. Therefore, sustainability incorporation at an organisational level is a way forward. Case study was undertaken via a questionnaire to collect and evaluate the decision criteria from the middle and top level executives of General Motors. The authors also attempted to examine sustainability reports of the General Motors formulated using GRI guidelines. Study concludes that getting sustainability incorporated into DNA of a company requires top management commitment and is associated with organisations where there is history of societal, community work and responsible business practices. It helped General Motors to write off debt and come out of bankruptcy.
The study is also relevant for manufacturing organisations in other sectors as the research instrument is developed using GRI guidelines. The research instrument and study can support researchers and practitioners to adopt sustainability based strategy and practices for responsible development which is sustainable.
Keywords: Decisions Making; Supply Chain Management.
ANALYSIS OF IMPLEMENTATION OF CORPORATE SUSTAINABILITY - CASE BOGOTA - COLOMBIA
by Oscar Alberto Vargas Moreno, Thomas Swarr
Abstract: In Bogot
Keywords: Corporate sustainability; strategic management; competitive context; implementation; sustainability drivers; sustainability reporting.