| Title | Sustainable value creation and organizational performance in industrial manufacturing companies |
|---|---|
| ID_Doc | 78538 |
| Authors | Acosta-Prado, JC; Sánchez, JAG; López-Montoya, OH; Tafur-Mendoza, AA |
| Title | Sustainable value creation and organizational performance in industrial manufacturing companies |
| Year | 2023 |
| Published | Measuring Business Excellence, 27, 1 |
| Abstract | Purpose This study aims to analyze the influence of sustainable value creation (composed of social, economic and environmental dimensions) on organizational performance in Colombian industrial manufacturing companies. Design/methodology/approach This study had a sample of 1,572 companies belonging to the Colombian manufacturing industrial sector. These companies were consulted by the survey of technological development and innovation in the manufacturing industry EDIT IX. For this study's purpose, a model was developed from a variance-based structural equation modeling or partial least squares. Findings The results indicated that the associated mechanisms of the social, economic and environmental dimensions contribute in a significant, positive and large way to the creation of sustainable value for the companies studied. The findings show the importance of the social, economic and environmental dimensions in the creation of sustainable value and in turn, their influence on organizational performance. Social implications The findings obtained provide industrial companies and society with resources to understand that economic development can respond to business logic different from those imposed by current neoliberal models. Originality/value This study provides an understanding of the value capture mechanisms of small- and medium-sized companies considering the environmental needs of the territory and the community where the business activities take place while generating economic profitability for the other stakeholders. |
Similar Articles
| ID | Score | Article |
|---|---|---|
26084
|
Bernal-Torres, CA; Torres-Guevara, LE; Aldana-Bernal, JC; Nicolás-Rojas, YW; Pando-Ezcurra, TT The Moderating Role of Innovation in the Relationship Between Business Sustainability and Organizational Performance in Companies of an Emerging Economy(2023)Sage Open, 13, 4 | |
| 65618
|
Kneipp, JM; Gomes, CM; Bichueti, RS; Frizzo, K; Perlin, AP Sustainable innovation practices and their relationship with the performance of industrial companies(2019)Rege-Revista De Gestao, 26.0, 2 | |
| 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 | |
| 34001
|
Kneipp, JM; Gomes, CM; Kruglianskas, I; Motke, FD; Frizzo, K Sustainable innovation practices and the degree of innovation of business models in Brazilian industrial companies(2021)World Journal Of Science Technology And Sustainable Development, 18, 3 | |
| 76032
|
Medina, HRB; Ruben, G; Campoverde, RE; Paredes-Aguirre, MI Eco-Innovation and Firm Performance: Evidence from South America(2022)Sustainability, 14, 15 | |
| 34220
|
Kneipp, JM; Gomes, CM; Zaluski, FC; Pontelli, GE; Favarin, RR The relationship between adopting sustainability-oriented innovation practices and the business models of Brazilian industrial companies(2023)International Journal Of Environment And Sustainable Development, 22, 3 | |
| 3022
|
Maldonado-Guzmán, G; Garza-Reyes, JA Beyond lean manufacturing and sustainable performance: are the circular economy practices worth pursuing?(2023)Management Of Environmental Quality, 34, 5 | |
| 70743
|
Hariastuti, NLP; Lukmandono A Review on Sustainable Value Creation Factors in Sustainable Manufacturing Systems(2022)Production Engineering Archives, 28, 4 | |
| 21494
|
Mora-Contreras, R; Ormazabal, M; Hernández-Salazar, G; Torres-Guevara, LE; Mejia-Villa, A; Prieto-Sandoval, V; Carrillo-Hermosilla, J Do environmental and cleaner production practices lead to circular and sustainability performance? Evidence from Colombian manufacturing firms(2023) | |
| 17607
|
Lopez-Torres, GC The impact of SMEs' sustainability on competitiveness(2023)Measuring Business Excellence, 27, 1 |