Corporate Strategy for Sustainability: Reflections of Prospective Entrepreneurs

Kiet Hong Vo Tuan Truong (), Huynh Van Pham and Huy Dang Nguyen
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Kiet Hong Vo Tuan Truong: FPT University
Huynh Van Pham: FPT University
Huy Dang Nguyen: FPT University

Foresight and STI Governance (Foresight-Russia till No. 3/2015), 2023, vol. 17, issue 2, 21-34

Abstract: Universities play a crucial role in training and educating future businesspeople to help them comprehend sustainable thinking holistically. This demonstrates the importance of preparing the future businesspeople about students factual knowledge, practical skills, and responsibility toward sustainability. The aim of this research is to identify economic students, think about corporate strategy planning toward sustainability, and understand and reconcile the different sustainability perspectives. This study examined 534 economic students ideas in Can Tho City, Vietnam, and 102 scholars opinions (international and local scholars and transporter/logistics) about sustainable business practices. It was revealed that students in general are highly aware of the principles of sustainable development, ready to implement them in practice during business planning, and some aspects are even more important than experts. With the help of matrices of factor analysis four alternative realistic patterns of corporate strategies for sustainable development, with appropriate recommendations for their implementation were compiled. They can serve as a basis for decision-making by current and future entrepreneurs in the formation of their own business plans.

Keywords: business strategy; green supply chain management; sustainability perspectives; internal factors; external factors; strategic matrix (search for similar items in EconPapers)
JEL-codes: O12 O29 (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:hig:fsight:v:17:y:2023:i:2:p:21-34

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