Title: Technology, sustainable development, and corporate growth - striking a balance

Authors: Vinod C. Durge; Shirish Sangle

Addresses: Environmental Engineering and Management, National Institute of Industrial Engineering (NITIE), Vihar Lake Road, Powai, Mumbai, 400 087, India ' Environmental Engineering and Management, National Institute of Industrial Engineering (NITIE), Vihar Lake Road, Powai, Mumbai, 400 087, India

Abstract: This paper presents a theoretical study focused on three objectives: 1) to integrate evolving concepts of technology, sustainable development, and corporate growth; 2) to establish the importance of performance management for developing sustainability capabilities; and 3) to devise a sustainability balanced scorecard for operationalising multi-dimensional strategies of sustainability. The study highlights the changing perceptions of technology right from a cause of pollution to a source of the solution. A revolutionary improvement in technology is essential for sustainable development. Corporations can achieve competitive advantage by implementing sustainability strategies based on technological and organisational innovations. The sustainability strategies are dynamic capabilities that can be developed through a continuous practice of addressing emerging issues of sustainable development. The competing and multi-faceted dimensions of sustainability strategies can be operationalised by using sustainability balanced scorecard. This study contributes to the literature on natural resource-based view by integrating sustainable value framework with sustainability balanced scorecard. An illustration of how to design the sustainability balanced scorecard is provided to guide researchers and practitioners on the implementation of sustainability strategies.

Keywords: technology; sustainable development; corporate growth; sustainability strategies; dynamic capabilities; sustainability balanced scorecard.

DOI: 10.1504/WRSTSD.2020.109684

World Review of Science, Technology and Sustainable Development, 2020 Vol.16 No.2, pp.105 - 121

Accepted: 23 Jul 2019
Published online: 14 Sep 2020 *

Full-text access for editors Access for subscribers Purchase this article Comment on this article