American Journal of Business and Operations Research
AJBOR
2692-2967
2770-0216
10.54216/AJBOR
https://www.americaspg.com/journals/show/2304
2018
2018
Quantifying the Impact of Sustainable Practices on Business Operations
Faculty of Economics, Administrative and Social Sciences, Nisantasi University, Istanbul, Turkey
Ilknur
Ozturk
Istanbul Gelisim University, Turkey
Festus Victor
Bekun
Based on the business context, resilience and sustainability seem to have multiple dimensions and connections. Administrative sustainability strategies can help a company develop and become more resilient. With the use of a sustainability maturation index (SMI), this study attempts to analyze how the financial success of a business is affected by its approach to sustainable development. As resilience abilities are closely linked to the SMI, this study proposes to explore the initial integration of both sustainable development and resilience criteria into a single framework. To determine whether there could be an interaction between the SMI and economic performance indices, planned conversations were used to gather data from 35 different firms. The investigation disproves widely circulated claims, demonstrating that there is no meaningful correlation between profitability and sustained business operations. It's noteworthy to point out that market emphasis, organizational size, and firm place of origin do not significantly correlate with SMI. One could argue that to evaluate the effects of environmentally friendly procedures, a company's multi-dimensional performance, which includes both financial and non-financial measurements, should be considered. In addition, more research is required to identify the nonfinancial metrics of success that businesses use to measure resilience and sustainable development to create a cohesive framework that facilitates trade-off evaluation.
2024
2024
62
68
10.54216/AJBOR.110107
https://www.americaspg.com/articleinfo/1/show/2304