Exploring the synergistic effects of circular economy, Industry 4.0 technology, and green human resource management practices on sustainable performance: Empirical evidence from Indian companies

IF 4.8 Q1 BUSINESS Business Strategy and Development Pub Date : 2024-08-28 DOI:10.1002/bsd2.70002
Tanmoy De, Pratima Verma, Phanitha Kalyani Gangaraju, Akhil Nibhanupudi Siva Bhaskar, Seema Mahlawat, Vimal Kumar, Sumanjeet Singh
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Abstract

This study investigates the synergistic effects of circular economy (CE) practices, Industry 4.0 technology, and green human resource management (HRM) practices on sustainability and performance in Indian companies. CE focuses on resource efficiency, waste minimization, and material recyclability. Industry 4.0 incorporates modern digital technologies into manufacturing, resulting in smart factories that are more efficient and flexible. Green HRM practices include implementing human resource rules that promote environmental sustainability. Using structural equation modeling (SEM) on data from 213 respondents across various Indian firms, our research reveals several novel insights, such as CE practices significantly enhancing sustainability, demonstrating their critical role in minimizing waste and improving resource management; moderating the role of Industry 4.0: Industry 4.0 technology moderates the relationship between CE practices and sustainability, and green HRM practices positively affect CE practices and sustainable performance. Moreover, the study's uniqueness stems from its comprehensive approach, which reveals that combining these three elements CE practices, Industry 4.0 technology, and green HRM creates a powerful synergy that significantly improves both sustainability efforts and overall company performance, providing actionable insights for business looking to implement more effective and integrated sustainability strategies. These findings offer a valuable roadmap for companies aiming to achieve more impactful and cohesive sustainability initiatives.

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探索循环经济、工业 4.0 技术和绿色人力资源管理实践对可持续绩效的协同效应:来自印度公司的经验证据
本研究调查了循环经济(CE)实践、工业 4.0 技术和绿色人力资源管理(HRM)实践对印度公司可持续性和绩效的协同效应。循环经济侧重于资源效率、废物最小化和材料可回收性。工业 4.0 将现代数字技术融入制造业,使智能工厂更高效、更灵活。绿色人力资源管理实践包括实施促进环境可持续性的人力资源规则。我们的研究利用结构方程模型(SEM)对印度各公司 213 名受访者的数据进行了分析,揭示了一些新的见解,如行政首长协调会的做法显著提高了可持续性,证明了其在减少浪费和改善资源管理方面的关键作用;调节了工业 4.0 的作用:工业 4.0 技术调节了消费电子实践与可持续发展之间的关系,绿色人力资源管理实践对消费电子实践和可持续发展绩效产生了积极影响。此外,这项研究的独特之处还在于其综合方法,它揭示了将消费电子产品实践、工业 4.0 技术和绿色人力资源管理这三个要素结合在一起会产生强大的协同作用,从而显著改善可持续发展工作和公司的整体绩效,为希望实施更有效、更综合的可持续发展战略的企业提供可操作的见解。这些发现为旨在实现更具影响力和凝聚力的可持续发展计划的企业提供了宝贵的路线图。
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来源期刊
Business Strategy and Development
Business Strategy and Development Economics, Econometrics and Finance-Economics, Econometrics and Finance (all)
CiteScore
5.80
自引率
6.70%
发文量
33
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