SUSTAINABLE MANAGEMENT STRATEGY AND THE ATTAINMENT OF COMPANY GOALS IN THE MINING SECTOR: A REVIEW OF RELATED LITERATURE

Abstract

The review paper focuses on how the environment is impacted by mining companies due to poor strategy choice. The ecological system in many countries is being impacted on by the operations of mining companies which have caused a lot of environmental degradation. The research reviewed literature on how strategy choice can impact environmental performance and an entity’s financial performance. The researchers used various scholarly articles from the internet, journals and books. The researchers established that there is a great misalignment between company strategy and environmental regulations. Mining companies are making use of unsafe mining techniques which affect the conservation of resources. Mining companies are channeling much effort towards maximizing shareholder returns at the expense of the ecological environment. The research recommended that the environmental regulators should develop legislative measures that impose strict penalties to mining companies which do not comply with environmental regulations. Also, the environmental regulating authorities should be given adequate funding for carrying out environmental monitoring sessions thoroughly.