The achievement of sustainable development and business success through rational management decision-making in a circular economy

Naimatullah Shah, M. K. Bhatti, U. Saraih, N. Abdelwahed, B. Soomro
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引用次数: 1

Abstract

Purpose This study aims to explore sustainable development and business success (BS) through decision-making (DM) in Pakistan’s circular economy. Design/methodology/approach This 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. Findings This 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 implications This 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/value This 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.
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在循环经济中通过合理的管理决策实现可持续发展和商业成功
目的本研究旨在探讨巴基斯坦循环经济中通过决策实现可持续发展和商业成功。设计/方法论/方法这是一项共相关研究,研究人员使用了从巴基斯坦制造业管理者那里收集的横断面数据。因此,作者基于373个有效样本得出了这项研究的结果。本研究的结构方程建模结果表明,DM对可持续发展具有积极而显著的影响,包括竞争力、业务绩效提升、灵活性、客户满意度和技术发展。此外,DM对BS产生了积极而显著的影响。实际意义本研究的发现支持可持续发展,加强社会经济条件,并通过DM带来行业福祉。此外,这些发现表明,循环经济需要应对产业挑战,同时为社会创造经济和环境增长机会。原创性/价值本研究从循环经济的角度提供了原创性贡献;制造业管理者需要更多的实证证据。此外,本研究提供了DM在BS存在的情况下实现可持续发展的作用,BS已经以综合的方式消失,特别是在循环环境中。
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来源期刊
CiteScore
6.30
自引率
10.30%
发文量
32
期刊介绍: The International Journal of Innovation Science publishes fundamental and applied research in innovation practices. As the official journal of the International Association of Innovation Professionals (IAOIP), the journal is a forum for the exchange of advanced knowledge in innovation, including emerging technologies and best practices, tools and techniques, metrics, and organization design and culture; as well as the stakeholder engagement, change management, and leadership skills required to ensure innovation succeeds. Areas of Coverage: -Innovation processes, methods, techniques- Individual''s role in Innovation- Improvements in HR, marketing, finance, or other disciplines that enable innovation- Innovation practices in specific industries or countries- Innovation centers, incubators, labs...- Regional or national economic development/policies related to innovation- Innovation competency, skills- Innovation conventions, competitions, or training- Innovation for entrepreneurs-Regional impacts on innovation- Growing innovationthrough university programs- Attracting innovative companies and entrepreneurs
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