Corporate Sustainability Strategies Are Often Easier Said Than Done
Journal Title: Opportunities and Challenges in Sustainability - Year 2022, Vol 1, Issue 1
Abstract
This study aims to analyse how contemporary stakeholder-engagement methods can enhance and acknowledge stakeholders' voices in the CSS and ensure better outcomes. Hence, this paper aims to narrow this gap by developing specific aspect profiles for sustainability strategies. The method of the current study relied on both primary data and secondary data. Hence, a questionnaire survey was developed to collect the required data. While, secondary data sources are obtained through the website sustainabilityexcellence.com. The data processing techniques were carried out using Stata 16 software and using the Multiple Linear Regression method. The sample of the study consisted of 422 people from different Gulf Cooperation Council (GCC) i.e. Saudi Arabia, UAE, Bahrain, Kuwait and Oman. The results revealed a high degree of stakeholders' perception of corporate sustainability strategies in the GCC. Also, people are aware and ready to afford the cost and efforts to generate more reliable and advanced strategies that promote corporate sustainability. The study also underscores three suggested recommendations that are based on a novel model (Reachable, Meaningful, and Fun “RMF”), as each element of this model is a recommendation that It believed to be highly-impactful actions that supports corporate leaders/teams to engage more fruitfully with stakeholder (more specifically customers and communities) and enrich the CSS. Lastly, this research effort is concluded with implications on the suggested recommendation (RMF), followed by some of the most critical takeaways for our corporate practices. The paper helps companies that already commit to sustainability to verify whether they are consistent in the implementation of a distinct sustainability strategy.
Authors and Affiliations
Marwan M. Abdeldayem, Saeed H. Aldulaimi, Abdulhameed Baqi
Keywords
Related Articles
- EP ID EP732050
- DOI https://doi.org/10.56578/ocs010108
- Views 27
- Downloads 0
Reframing Poverty Within the Sustainable Development Strategies. Empirical Evidence at the European Union Level
(1) Purpose: Within the significance of eradicating poverty in the long term, the purpose of this paper is to assess the implications of the dimensions of sustainable development, across all European Union Member States,...
Strategies for Optimizing Medical Waste Management and Treatment Technologies in Jordanian Hospitals
Medical waste is recognized as a significant environmental and public health hazard due to its toxic and chemical constituents. In light of the varying standards for medical waste management within Jordan and comparisons...
Trade Openness and Haze Pollution in China: The Moderating Role of Environmental Regulation
Using panel data from 30 Chinese provinces spanning 2003-2019, the relationship between trade openness and haze pollution, moderated by environmental regulation, was investigated through spatial econometric models. It wa...
Corporate Sustainability Strategies Are Often Easier Said Than Done
This study aims to analyse how contemporary stakeholder-engagement methods can enhance and acknowledge stakeholders' voices in the CSS and ensure better outcomes. Hence, this paper aims to narrow this gap by developing s...
Innovative Development as Determinant of Corporate Economic Security
The current challenges of globalization provide business entities of various economic systems with multifaceted opportunities, while creating new threats to economic security. These and other challenges require enterpris...