SUSTAINABLE COMPETITIVENESS - A STRATEGIC MANAGEMENT SHIFT OF BUSINESSES

?îmbalari Carolina ()
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?îmbalari Carolina: Lucian Blaga University Sibiu, Romania,

Management Strategies Journal, 2023, vol. 60, issue 2, 139-148

Abstract: The management of the modern organization is focused on overviews of the long-term economic performance it produces in a market-driven environment. Many businesses have succeeded in balancing profitability with sustainability by incorporating sustainability into their long-term strategic approaches: "How we act today, we will see the result in the future". They have done this by being aware of the effects that business sustainability has on organizational processes and performance. According to empirical data, an organization can benefit from a competitive edge by balancing its relationship with the environment, particularly from the perspectives of economic efficiency, social equality, and environmental strategy. The link is complicated, though, and this study adds an overview of how these businesses apply their strategies in the quest for sustainable competitiveness. This study is a systematic review of the business sustainability literature and presents the world's most sustainable firms based on an examination of the annual rankings of the most sustainable corporations for the years 2020–2022 provided by Corporate Knights' rating. In conclusion, this paper will advance the area of management by encouraging managers and business owners to pay attention to aspects influencing organizational sustainability that go beyond the numbers in financial analysis.

Keywords: sustainability; international competitiveness; sustainable competitiveness; corporate sustainability management; Corporate Knights' ranking. (search for similar items in EconPapers)
JEL-codes: F23 O10 Q01 (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:brc:journl:v:60:y:2023:i:2:p:139-148

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