Sustainable value creation and organizational performance in industrial manufacturing companies

IF 2.5 Q3 BUSINESS

Measuring Business Excellence Pub Date : 2022-05-19 DOI:10.1108/mbe-12-2021-0151

J. Acosta-Prado, Julián Andrés Gómez Sánchez, O. López-Montoya, Arnold Alejandro Tafur-Mendoza

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引用次数: 2

Abstract

Purpose This study aims to analyze the influence of sustainable value creation (composed of social, economic and environmental dimensions) on organizational performance in Colombian industrial manufacturing companies. Design/methodology/approach This study had a sample of 1,572 companies belonging to the Colombian manufacturing industrial sector. These companies were consulted by the survey of technological development and innovation in the manufacturing industry EDIT IX. For this study’s purpose, a model was developed from a variance-based structural equation modeling or partial least squares. Findings The results indicated that the associated mechanisms of the social, economic and environmental dimensions contribute in a significant, positive and large way to the creation of sustainable value for the companies studied. The findings show the importance of the social, economic and environmental dimensions in the creation of sustainable value and in turn, their influence on organizational performance. Social implications The findings obtained provide industrial companies and society with resources to understand that economic development can respond to business logic different from those imposed by current neoliberal models. Originality/value This study provides an understanding of the value capture mechanisms of small- and medium-sized companies considering the environmental needs of the territory and the community where the business activities take place while generating economic profitability for the other stakeholders.

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工业制造企业的可持续价值创造与组织绩效

目的本研究旨在分析哥伦比亚工业制造企业的可持续价值创造（包括社会、经济和环境维度）对组织绩效的影响。设计/方法/方法本研究以哥伦比亚制造业的1572家公司为样本。制造业技术发展和创新调查第九版咨询了这些公司。为了本研究的目的，从基于方差的结构方程建模或偏最小二乘法中开发了一个模型。研究结果表明，社会、经济和环境维度的相关机制在很大程度上有助于为所研究的公司创造可持续价值。研究结果表明，社会、经济和环境维度在创造可持续价值方面的重要性，以及它们对组织绩效的影响。社会含义所获得的研究结果为工业公司和社会提供了资源，让他们理解经济发展可以对不同于当前新自由主义模式的商业逻辑做出反应。独创性/价值本研究了解了中小型公司的价值获取机制，考虑到商业活动所在地区和社区的环境需求，同时为其他利益相关者创造经济盈利能力。

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来源期刊

Measuring Business Excellence BUSINESS-

CiteScore

5.70

自引率

4.00%

发文量

期刊介绍： Measuring Business Excellence provides international insights into non-financial ways to measure and manage business performance improvements and company’s value creation dynamics. Measuring Business Excellence will enable you to apply best practice, implement innovative thinking and learn how to use different practices. Learn how to use innovative frameworks, approaches and practices for understanding, assessing and managing the strategic value drivers of business excellence. MBE publishes both rigorous academic research and insightful practical experiences about the development and adoption of assessment and management models, tools and approaches to support excellence and value creation of 21st century organizations both private and public.