RISE Model: Its Application on Diving Enterprises Located in the San Andres Archipelago (Colombia)

María Pilar Ramírez-Salazar (), Rafael Perez-Uribe, Carlos Salcedo-Pérez () and Julieth Paola Juffington-Smith ()
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María Pilar Ramírez-Salazar: Universidad EAN
Carlos Salcedo-Pérez: Universidad EAN
Julieth Paola Juffington-Smith: Universidad EAN

A chapter in Entrepreneurship and Family Business Vitality, 2020, pp 327-347 from Springer

Abstract: Abstract This research aimed to identify the level of fulfillment of the four sustainability dimensions included in the RISE model, in three diving enterprises located in the Archipelago of San Andres. This model was developed at EAN University by the G3Pymes Research Group, which is rated A1 by Colciencias (Administrative Department of Science Technology and Innovation in Colombia). The model is composed of a diagnosis matrix that includes the following factors: innovation, sustainable production, leadership, strategic direction, organizational culture, collaborative processes, recognition, governance, new markets, technology, and financial indicators. Each factor is analyzed under the following four dimensions: (1) environmental, (2) economic, (3) social, and (4) managerial. The matrix measures the maturity level of each enterprise related to each dimension and factor. The results provided by the matrix, along with interviews performed in each enterprise, lead to a path for innovation and corporate sustainability. This path contains specific activities tailored to make improvements in each factor and dimension for which results were low. The expectation of performing this study is to motivate academic, industrial, and government institutions to use this model in order to boost best social, environmental, managerial, and economic practices.

Keywords: Innovation; Corporate sustainability; Diagnosis matrix; Leadership; Strategic direction; Financial indicators; Collaborative processes; Organizational culture (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:spr:seschp:978-3-030-15526-1_16

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DOI: 10.1007/978-3-030-15526-1_16

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