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Title A model for business responses to global challenges and sustainable development
ID_Doc 78451
Authors Virakul, B; Russ-Eft, DF
Title A model for business responses to global challenges and sustainable development
Year 2019
Published Social Responsibility Journal, 16, 2
Abstract Purpose This study aims to validate a model of organizational performance embedding corporate social responsibility (CSR), corporate governance (CG) and sustainability concepts at a strategic level. The model has been created in response to two significant global influences: global challenges and sustainable development (SD). Design/methodology/approach To validate the model created, executives from 10 of Thailand's leading companies that have received CSR, CG, or sustainability awards during 2010-2015 were asked to complete a questionnaire and were later interviewed. Findings The findings indicate the appropriateness of the model in addressing the two significant global influences and highlight the critical issues in its implementation. Originality/value Due to increased human population, climate change and deterioration of natural resources, social thinkers all around the world have been warning the seriousness of global challenges and the importance of SD. However, not many studies combine and connect the key concepts of global challenges, SD, CSR, CG and sustainability, all together to address the important role of business organizations. This research answers/gives such overall picture through a field research work for validation.
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