| Title | Creating sustainable value |
|---|---|
| ID_Doc | 78229 |
| Authors | Hart, SL; Milstein, MB |
| Title | Creating sustainable value |
| Year | 2003 |
| Published | Academy Of Management Executive, 17, 2 |
| Abstract | Just as the creation of shareholder value requires performance on multiple dimensions, the global challenges associated with sustainable development are also multifaceted, involving economic. social, and environmental concerns. Indeed, these challenges have implications for virtually every aspect of a firm's strategy and business model. Yet, most managers frame sustainable development not as a multidimensional opportunity, but rather as a one-dimensional nuisance, involving regulations, added cost, and liability. This approach leaves firms ill-equipped to deal with the issue in a strategic manner. Accordingly, we develop a sustainable-value framework that links the challenges of global sustainability to the creation of shareholder value by the firm. Specifically, we show how the global challenges associated with sustainable development, viewed through the appropriate set of business lenses, can help to identify strategies and practices that contribute to a more sustainable world while simultaneously driving shareholder value; this we define as the creation of sustainable value by the firm. |
Similar Articles
| ID | Score | Article |
|---|---|---|
33449
|
Cardoni, A; Kiseleva, E; Taticchi, P In Search of Sustainable Value: A Structured Literature Review(2020)Sustainability, 12.0, 2 | |
| 77972
|
Baumgartner, RJ; Rauter, R Strategic perspectives of corporate sustainability management to develop a sustainable organization(2017) | |
| 76874
|
Oertwig, N; Galeitzke, M; Schmieg, HG; Kohl, H; Jochem, R; Orth, R; Knothe, T Integration of Sustainability into the Corporate Strategy(2017) | |
| 13952
|
Lichtenthaler, U Explicating a sustainability-based view of sustainable competitive advantage(2022)Journal Of Strategy And Management, 15, 1 | |
| 34549
|
Bolis, I; Morioka, SN; Leite, WKD; Zambroni-de-Souza, PC Sustainability Is All about Values: The Challenges of Considering Moral and Benefit Values in Business Model Decisions(2021)Sustainability, 13, 2 | |
| 77952
|
Morioka, SN; Bolis, I; Evans, S; Carvalho, MM Transforming sustainability challenges into competitive advantage: Multiple case studies kaleidoscope converging into sustainable business models(2017) | |
| 18340
|
Manninen, K; Laukkanen, M; Huiskonen, J Framework for sustainable value creation: a synthesis of fragmented sustainable business model literature(2024)Management Research Review, 47.0, 1 | |
| 34316
|
Agwu, UJ; Oftedal, EM; Bertella, G Why Not Use the Sea? A Shared Value Approach to Sustainable Value Creation When Using Carbon Dioxide as a Valuable Resource in Manufacturing(2022) | |
| 65295
|
Virakul, B Global challenges, sustainable development, and their implications for organizational performance(2015)European Business Review, 27.0, 4 | |
| 65785
|
Ziolo, M; Bak, I; Spoz, A Theoretical framework of sustainable value creation by companies. What do we know so far?(2023)Corporate Social Responsibility And Environmental Management, 30.0, 5 |