| Title | The achievement of sustainable development and business success through rational management decision-making in a circular economy |
|---|---|
| ID_Doc | 2211 |
| Authors | Shah, N; Bhatti, MK; Saraih, UN; Abdelwahed, NAA; Soomro, BA |
| Title | The achievement of sustainable development and business success through rational management decision-making in a circular economy |
| Year | 2023 |
| Published | |
| Abstract | PurposeThis study aims to explore sustainable development and business success (BS) through decision-making (DM) in Pakistan's circular economy. Design/methodology/approachThis is a co-relational study in which the researchers used cross-sectional data collected from the managers of Pakistan's manufacturing industries. Accordingly, the authors based this study's findings on 373 valid samples. FindingsThis study's structural equation modeling results reveal that DM has a positive and significant effect on sustainable development, which comprises competitiveness, business performance enhancement, flexibility, customer satisfaction and technology development. Moreover, DM positively and significantly affects BS. Practical implicationsThis study's findings support sustainable development, strengthen the socioeconomic conditions and bring about the industries' well-being through DM. In addition, these findings demonstrate the need for the circular economy to tackle industrial challenges and simultaneously open up economic and environmental growth opportunities for society. Originality/valueThis study offers the original contribution from a circular economy perspective; there needs to be more empirical evidence among managers of manufacturing industries. Besides, this study provides DM's role in achieving sustainable development in the presence of BS, which has disappeared in an integrated way, particularly in a circular context. |
Similar Articles
| ID | Score | Article |
|---|---|---|
2750
|
Khan, SAR; Ahmad, Z; Sheikh, AA; Yu, Z Green technology adoption paving the way toward sustainable performance in circular economy: a case of Pakistani small and medium enterprises(2023) | |
| 417
|
Barros, MV; Salvador, R; do Prado, GF; de Francisco, AC; Piekarski, CM Circular economy as a driver to sustainable businesses(2021) | |
| 326
|
Mandal, MC; Mondal, N; Ray, A Analyzing the Enablers of Circular Economy: A Sustainable Manufacturing Perspective(2024) | |
| 3321
|
Sinha, E Identifying enablers and outcomes of circular economy for sustainable development: A systematic literature review(2022)Business Strategy And Development, 5, 3 | |
| 1241
|
Soh, KL; Wong, WP Circular economy transition: Exploiting innovative eco-design capabilities and customer involvement(2021) | |
| 1147
|
Ting, LS; Zailani, S; Sidek, NZM; Shaharudin, MR Motivators and barriers of circular economy business model adoption and its impact on sustainable production in Malaysia(2024)Environment Development And Sustainability, 26, 7 | |
| 3510
|
Sinha, E Circular economy-A way forward to Sustainable Development: Identifying Conceptual Overlaps and Contingency Factors at the Microlevel(2022)Sustainable Development, 30, 4 | |
| 4801
|
Khan, SA; Mubarik, MS; Paul, SK Analyzing cause and effect relationships among drivers and barriers to circular economy implementation in the context of an emerging economy(2022) | |
| 2274
|
Valverde, JM; Avilés-Palacios, C Circular Economy as a Catalyst for Progress towards the Sustainable Development Goals: A Positive Relationship between Two Self-Sufficient Variables(2021)Sustainability, 13, 22 | |
| 4813
|
Bansal, S; Jain, M; Garg, I; Srivastava, M Attaining circular economy through business sustainability approach: An integrative review and research agenda(2022)Journal Of Public Affairs, 22, 1 |