The Corporate Sustainability Concept as an Instrument of a Firm's Development

Viera Marková; Petra Lesníková

Published : 2017-02-28

Vol. 72 No. 1 (2017)

The Corporate Sustainability Concept as an Instrument of a Firm's Development

Viera Marková

Petra Lesníková

Abstract

The objective of the article is to propose a possible way of implementing the concept of sustainability into the corporate strategy through the example of a particular company. It is based on primary research and on the Epstein model of corporate sustainability. We looked at the issue from the perspective of inputs, processes, measurement, and implementation. This model can lead enterprises in developing tools for better concepts in routing and management of corporate sustainability. In the case that the company wants to propose a concrete complex system, each component of the framework should be linked to specific performance indicators to ensure control over the implementation and assessment of the state of the researched areas.(original abstract)

Keywords:

Enterprise development, Enterprise sustainable development, Sustainable development

Similar Articles

Aneta Trych, Intellectual Capital of the Сompetition Area Businesses , Zeszyty Naukowe Wyższej Szkoły Bankowej w Poznaniu: Vol. 27 (2010)

<< < 1 2

You may also start an advanced similarity search for this article.

Details

References

Statistics

Authors

Download files

PDF (Język Polski)

Citation rules

Marková, V., & Lesníková, P. (2017). The Corporate Sustainability Concept as an Instrument of a Firm’s Development. Zeszyty Naukowe Wyższej Szkoły Bankowej W Poznaniu, 72(1). Retrieved from https://journals.wsb.poznan.pl/index.php/znwsb/article/view/862

Altmetric indicators

Cited by / Share

References

Adams M., Thornton B., Sepehri M., 2012, The impact of the pursuit of sustainability on the financial performance of the firm, Journal of Sustainability and Green Business, 1, 130-144.

Barney J., 1991, Firm resources and sustained competitive advantage, Journal of Management, 17(1), 99-120.

Baumgartner R.J., Ebner D., 2008, The relationship between corporate social responsibility and sustainable development, www.crrconference.org/downloads/2006ebnerb aumgartner.pdf [access: 25.09.2013].

Bieker T., Sustainability management with the Balanced Scorecard, http://citeseerx.ist.psuedu/ viewdoc/download?rep=rep1&type=pdf&doi=10.1.1.200.9541 [access: 1.01.2015].

Bonini S., 2012, The business of sustainability, McKinsey and company, www.mckinsey.com/~/ media/mckinsey/dotcom/client_service/Sustainability/PDFs/McK on SRP/SRP_11_ Biz sustainability.ashx [access: 1.01.2013].

Clark G., Feiner A., Viehs M., 2014, How Sustainability Can Drive Financial Out Performance, http://arabesque.com/oxford-study-pdf [access: 12.12.2014].

Corporate social responsibility quest, www.csrquest.net/default.aspx?articleID=13113&heading= [access: 17.03.2013].

Čierna H., 2008, Corporate social responsibility and model of excellence, Banská Bystrica: Matej Bel University.

Eccles R., 2012, Is sustainability now the key to corporate success?, The Guardian, www.theguardian. com/sustainable-business/sustainability-key-corporate-success [access: 12.12.2014].

Epstein M.J., 2008, Implementing corporate sustainability: Measuring and managing social and environmental impacts, Strategic Finance, 88(1), 25-31.

Epstein M.J., Buhovac A.R., 2010, Solving the sustainability implementation challenge, Organizational Dynamics, 39(4), 306-315.

Goldsmith S., Samson D., 2005, Sustainable development and business success. Reaching beyond the rhetoric to superior performance, Foundation for Sustainable Economic Development, University of Melbourne, www.nswbusinesschamber.com.au/NSWBC/media/Misc/Ask Us How/SustainableBusiness-Development.pdf [access: 10.06.2013].

Green Paper. Promoting a European framework for Corporate Social Responsibility. 2001, Commission of the European Communities, Brussels, http://eur-lex.europa.eu [access: 10.02.2013].

Hrdinová G., Drieniková K., Naňo T., Sakál P., 2011, Sustainable CSR - The integral part of sustainable development strategy in industry company, International Scientific Conference "In Look Days 2011," www.scss.sk/cd_apvv_lpp... /Hrdinová a kol.pdf [access: 10.09.2012].

Hyršlová J., 2009, Accounting for sustainable development of the company, College of Economics and Management, Prague, www.enviweb.cz/download/ea/ucetnictvi_udrzitelneho_rozvoje pdf [access: 5.08.2013].

Ionescu-Somers A., 2012, What´s stopping your sustainability schemes? You are, International Institute for Management Development, Switzerland, www.imd.org/research/challenges/upload /TC023-12_What-s-stopping-your-sustainabilityschemes.pdf [access: 30.12.2014].

Lourenço I.C., Branco M.C., Curto J.D., Eugénio T., 2011, How does the market value corporate sustainability performance?, www.fep.up.pt/conferencias/10seminariogrudis/Louren o, Isabel et al How does the market value cor porate sustainability performance Paper_DJSI_Grudis2011.pdf [access: 7.10. 2014].

Marasová J., 2008, Internal and external dimension of the social functions of the enterprise, Banská Bystrica: Matej Bel University.

Marková V., Lesníková P., 2015, Utilization of Corporate Sustainability Concept at Selected Enterprises in Slovakia, Procedia economics and finance, İzmir - Amsterdam: Elsevier.

Marková V., Maráková V., Hiadlovský V., Wolak-Tuzimek A., 2014, The concept of Corporate Social Responsibility in selected economic sectors, Radom: Instytut Naukowo-Wydawniczy Spatium.

Marková V., 2012, Business aspect of the concept of corporate social responsibility. Management of Organizations in Real and Virtual Environment: Opportunities and Challanges IV, Proceedings of a scientific paper, Banská Bystrica: Matej Bel University.

Rusinko C.A., Pastore Ch., Pierce J., Fleming R., Frosten S., Christoffersen S., 2005, Sustainability as a source of competitive advantage, www.ntcresearch.org/pdf-rpts/AnRp03/S03-PH01-A3. pdf [access: 28.11.2014].

Setthasakko W., 2007, Determinants of corporate sustainability, Thai frozen seafood processors, British Food Journal, 109(2), 155-168.

Slávik Š., 2005, Strategic management, Bratislava: Sprint vfra.

Stead J.G., Stead W.E., 2012, Management for small planet. Why is it important to change the strategy of unrestricted growth of the sustainability strategy, Bratislava: Eastone Books.

Wilson M., 2003, Corporate sustainability: What is it and where does it come from?, Ivey Business Journal, http://iveybusinessjournal.com/topics/social-responsibility/corporate-sustainabilitywhat- is-it-and-where-does-it-come-from

Viera Marková

Affiliation:

Matej Bel University Banska Bystrica United States

Petra Lesníková

Affiliation:

Technical University in Zvolen United States