International Journal of Sustainable Strategic Management (7 papers in press)
RESILIENCE AS A FACTOR FOR EFFECTIVE ORGANIZATIONAL DEVELOPMENT
by Jose G. Vargas-Hernandez, Rebeca Almanza, Patricia CALDERÓN
Abstract: The aim of this paper is to analyze the effect of resilience as a factor for effective organizational development. Organizational development is a result of the demands of a changing environment and knowledge caused by changes in the applied social sciences. Rapid changes in the organizational environment has required changes in their processes of interaction in technology, structure and people currently in organizational structures that are more flexible to take risks that provide more responsive than traditional structures are required. The employed method is the analytical - descriptive. New individual and organizational skills are required. Resilience contributes to effective organizational development that ensures the survival and generates additional benefits from adverse circumstances.
Keywords: Environment; organizational development; innovation; resilience; culture.
A new taxonomy on CSR practices as basis for a new theory on CSR
by Ron Schipper, Gilbert Silvius
Abstract: The role of business within the society is topic of discussion between academics and practitioners since early 1950, resulting in numerous theories and various taxonomies on CSR Practices without consensus. The article provides an overview on existing CSR theories and a literature review of 11 CSR practice taxonomies. Taxonomies derived from empirical studies suffer limitations such as single country or single industry base. In order to overcome these limitations, an inductive qualitative multi-country and multi-industry study was performed to derive a new taxonomy on CSR practices. Our findings revealed 15 categories of CSR practices. The categories in the taxonomy are not fully similar to existing taxonomies, and some practices are not addressed by existing taxonomies. Discussion of the the findings revealed that the proposed CSR taxonomy borrows from many theories on CSR, thereby suggesting it can be the base for a new holistic, founded on empirical grounds, theory on CSR.
Keywords: Corporate Social Responsibility (CSR); CSR Practices; CSR Theory; Taxonomy.
Do Women on board of directors have an impact on corporate governance quality and firm performance? A literature review
by Patrick Velte
Abstract: Abstract: Since the financial crisis 2008/09, gender diversity has been developed as one of the key board composition variables. From a research, regulatory and practical perspective, women on board of directors (WOBD) should contribute to a sustainable strategic management with regard to the increased stakeholder demands on social and environmental issues. In view of this recent discussion, this literature review evaluates 200 empirical research studies on the impact of WOBD on corporate governance quality and firm performance. We briefly introduce the theoretical and empirical WOBD framework that comprises an adequate structure of the state-of-the-art of empirical research in this field. This is followed by a discussion of WOBD effectiveness which aims to enhance corporate governance quality, and is divided into the following areas: (1) financial reporting; (2) corporate social responsibility (CSR) reporting; (3) audit and (4) corporate philanthropy. We will then evaluate the impact of WOBD on (5) financial performance and (6) CSR performance. Therefore, we state that WOBD effectiveness will positively influence both financial and CSR outcome. Furthermore, we will summarize the key findings in each area, and provide a description of the analyzed proxies for corporate governance quality and firm performance. Finally, we will discuss the limitations of the studies and give useful recommendations for future empirical research activities in this topic.
Keywords: gender diversity; board of directors; financial reporting; CSR reporting; audit quality; corporate governance; CSR performance; financial performance; corporate philanthropy; external audit; internal audit.
Developing a Sustainable Environment for Workplace Diversity
by Jack McCann, Thomas Kohntopp
Abstract: The purpose of this research was to highlight the importance of developing a sustainable environment for achieving workplace diversity in organizations to use the power of diversity to form the foundation for developing sustainable competitive advantage. In addition, the factors were considered that may lead to the development of a sustainable environment favorable to attracting and retaining a diverse workforce. This research presents provides several companies who have been successful employing diversity for organizational success and then provides a model for developing a sustainable environment for workplace diversity.
Keywords: Sustainability; Diversity; Workplace Diversity; Inclusion; Recruitment; Retention; Leadership and Diversity.
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.