Multicriteria Decision Analysis to Develop Effective Sustainable Development Strategies for Enhancing Competitive Advantages: Case of the TFT-LCD Industry in Taiwan

Iuan-Yuan Lu, Tsuanq Kuo, Ting-Syuan Lin, Gwo-Hshiung Tzeng and Shan-Lin Huang
Additional contact information
Iuan-Yuan Lu: Department of Business Management, National Sun Yat-sen University, 70, Lien-Hai Rd., Kaohsiung City 80424, Taiwan
Tsuanq Kuo: Department of Business Management, National Sun Yat-sen University, 70, Lien-Hai Rd., Kaohsiung City 80424, Taiwan
Ting-Syuan Lin: Department of Business Management, National Sun Yat-sen University, 70, Lien-Hai Rd., Kaohsiung City 80424, Taiwan
Gwo-Hshiung Tzeng: Institute of Management of Technology, National Chiao Tung University, Hsinchu 30010, Taiwan
Shan-Lin Huang: Graduate Institute of Urban Planning, College of Public Affairs, National Taipei University, 151, University Rd., San Shia District, New Taipei City 23741, Taiwan

Sustainability, 2016, vol. 8, issue 7, 1-31

Abstract: In the Internet of Things era, panel displays play a major role in human life, because humans frequently use liquid crystal displays to monitor their electrical devices. The display industry creates remarkable economic output, but every manufacturing process inevitably has some undesirable effects on the environment. With the increasing awareness of environmental protection, balanced development is necessary to address the emerging market trends. However, short-sighted manufacturing corporations that focus solely on financial performance can achieve only short-term profits. The purpose of this study was to develop the most effective sustainable improvement strategies that can enhance competitive advantages in real-world situations. The proposed method combines the balanced scorecard and a new hybrid modified multiple attribute decision-making model which together adopt the DEMATEL technique to construct the influential network relation map and develop the DEMATEL-based ANP with the VIKOR method to deliver strategies that integrate environmental sustainability and competitive advantage. Finally, a real-world case study applying the proposed method to the cases of liquid crystal display manufacturers was conducted. Then, this paper discusses the effective use of natural resources, development of enterprises, and sustainable competitive advantage in this context. Various manufacturers, communities, and stakeholders can benefit from the coopetition solutions explained by the proposed method.

Keywords: sustainable improvement strategies; competitive advantage; ESG (environment, society, and governance); BSC (balanced scorecard); DEMATEL (decision making trial and evaluation laboratory); DANP (DEMATEL-based ANP); hybrid modified VIKOR; TFT-LCD (thin-film transistor liquid crystal display) (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2016
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (22)

Downloads: (external link)
https://www.mdpi.com/2071-1050/8/7/646/pdf (application/pdf)
https://www.mdpi.com/2071-1050/8/7/646/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:gam:jsusta:v:8:y:2016:i:7:p:646-:d:73657

Access Statistics for this article

Sustainability is currently edited by Ms. Alexandra Wu

More articles in Sustainability from MDPI
Bibliographic data for series maintained by MDPI Indexing Manager ().