Attitudes towards and practices of corporate social responsibility: A developing country perspective
- Authors: Moyeen, Abdul , Huq, Afreen , Nayak, Ravi
- Date: 2010
- Type: Text , Conference paper
- Relation: Proceedings of the 3rd International Colloquium on Business & Management (ICBM)
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- Description: This paper presents the results of a research investigating the attitudes of businesses towards Corporate Social responsibility (CSR) and the CSR practices in businesses. The paper is based on data collected through in-depth interviews of senior level managers of 11 large businesses operating in Bangaladesh. The findings demonstrates that although businesses are, to a different degree, aware of the concept of CSR and that they have a positive attitude to engage in CSR with an intention to contribute to addressing wider social and community needs; the CSR practices are seldom integrated into business strategies. The findings of the paper have some important implications for businesses and organizations working to promote CSR among businesses in developing countries.
Towards understanding corporate dilemma about social responsibility
- Authors: Nayak, Ravi , Venkatraman, Sitalakshmi , Moyeen, Abdul
- Date: 2009
- Type: Text , Conference paper
- Relation: Paper presented at International Conference on Business Ethics and Corporate Responsibility, ICBECSR' 09, Karnataka, India : 3rd-5th December 2009 p. 387-396
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- Description: This empirical research examines the relationship between corporate social performance outcome (CSPO) and corporate financial performance outcome (CFPO) in 85 Australian corporations as perceived by their managers. The correlation analysis of the data shows a positive, but low magnitude relationship between CSPO and CFPO. Based on our finding, we argue that the notion of enlightened self-interest is defunct and recommend stringent government policies and increased community pressure for making corporations more socially responsible.
- Description: 2003007367
A performance framework for corporate sustainability
- Authors: Venkatraman, Sitalakshmi , Nayak, Ravi
- Date: 2010
- Type: Text , Journal article
- Relation: International Journal of Business Innovation and Research Vol. 4, no. 5 (2010), p. 475-490
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- Description: Recent studies conducted worldwide on corporate sustainability indicate gaps in sustainability practice. Many organisations deal with their economic, social and environmental issues individually and have not explored their inter-connections. They are now required to rethink their business strategies for improving their contribution to both shareholders and society as a whole. This paper is a step further to address these gaps in sustainability practice. Through an empirical study conducted in 85 different Australia-based firms, we unearth the inter-relationships among environmental, social and economic considerations simultaneously and propose a performance framework for implementing corporate sustainability. The framework consciously interconnects the triple bottom line measures using our 'Triple-I' principles of innovation, integration and interdependence that we propose within the managerial thinking. We describe the implementation of this framework in the form of a step-wise roadmap, using the Plan-Do-Check-Act quality cycle. We believe that such a practical guideline would pave way for continuous improvements in corporate sustainability performances.
- Description: 2003008239
Creating business value from corporate sustainable development
- Authors: Nayak, Ravi
- Date: 2007
- Type: Text , Book
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- Description: This book provides useful approaches to sustainable business practices for business executives, managers, and consultants who have to manage their obligation to the environment and society, while keeping the balance sheet healthy. Based on a research study that has collected data from executives from 102 large, medium, and small Australian firms, it answers the complex Management System (EMS) and Corporate Social Responsibility (CSR).
- Description: A1
- Description: 2003005165
Comparative evaluation of the entrepreneurship education in Australia and India
- Authors: Yamin, Shahid , Nayak, Ravi
- Date: 2009
- Type: Text , Book chapter
- Relation: Enterprise support systems : An international perspective Chapter 9 p. 158-168
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- Description: Researchers have consistently suggested that entrepreneurs are significant contributors to the socio-economic growth in both developed and underdeveloped nations (Paleno and Kleiner, 2000). Entrepreneurship development has been the research focus for the past few decades; however, in spite of consistent effort in this direction, developing successful entrepreneurs is one of the greatest challenges faced by any nation. Furthermore, in the light of a highly turbulent global environment coupled with a rapid pace of technological development, the need for an effective programme for developing entrepreneurs has taken priority focus in most nations (Shane and Venkataraman, 2000). Aligning our thinking with several key researchers (Clark and Sorensen, 2002; Cope and Watts, 2000; Harris et al.,2000; Honig, 2001; Jack and Anderson, 1999; Minniti and Bygrave, 2001; Rae, 2000; Sullivan, 2000), we attempted to develop and propose a pedagogy that we believe may help entrepreneurial development through education and classroom interaction. We hope our model will be useful for educators, policy makers and start-up entrepreneurs.
- Description: 2003006308
Learning capabilities : Do they provide common platform for organisational excellence?
- Authors: Nayak, Ravi
- Date: 2008
- Type: Text , Conference paper
- Relation: Paper presented at Strategic Management Society 2008 Annual International Conference, Cologne, Germany : 12th-15th October 2008
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- Description: Identifying three kinds of organizational learning capabilities in line with triple bottom line principles such as i) corporate environmental responsibility, ii) corporate social responsibility, and iii) corporate financial responsibility, this study examines the findings of the ANOVA analysis with business sector as the independent variable. It finds that the Australian resource sector is in the forefront in learning capabilities in corporate environmental responsibility and corporate financial responsibility. In the light of this finding and drawing from earlier empirical studies, it explores a theoretical question whether learning capabilities are transferable rather than bound to specific areas. It dwells into a proposal that a capable learning organization can achieve continuous innovation and improvements in several functional areas by deploying its strength in learning capabilities.
- Description: 2003006650
Sustainable development of eco-industrial parks in China: Effects of managers' environmental awareness on the relationships between practice and performance
- Authors: Qu, Ying , Liu, Yakun , Nayak, Ravi , Li, Mengru
- Date: 2015
- Type: Text , Journal article
- Relation: Journal of Cleaner Production Vol. 87, no. 1 (2015), p. 328-338
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- Description: As an important means of achieving sustainable development, eco-industrial parks have been given great significance at every level of Chinese governments, and as a result, they have made great strides in China. The increasing pressures of resource constraints and the need for environmental protection have made the achievement of optimal sustainable development performance crucial. Managers of eco-industrial park administrative committees, as decision makers and executors, have a pivotal role in the design, plan, and organization for the sustainable development of eco-industrial parks. Furthermore managers' environmental awareness is important when organizing environmental practices in their eco-industrial parks. This paper seeks to establish the value of the effects of managers' environmental awareness on the relationships between environmental practices and sustainable development performance by presenting an analysis of Chinese eco-industrial park projects. Using an empirical study, this paper first identifies the key environmental practices, directed by managers, which impact the sustainable development performance of Chinese eco-industrial parks. The moderating effect of managers' environmental awareness on the relationships between environmental practices and sustainable development performance is then developed. Our results show that instituting environmental norms for eco-industrial park enterprises, building industrial symbiosis, and providing guidance to key enterprises play significant roles in producing sustainable development performance for eco-industrial parks. Managers' environmental awareness is helpful in driving and transforming environmental practices into sustainable development performance. Our results also provide assistance for designing and implementing environmental practices for sustainable development, recruiting managers with higher environmental awareness, and training managers to improve their environmental awareness so that eco-industrial parks can achieve sustainable development performance.
Does the business size matter on corporate sustainable performance? The Australian business case
- Authors: Nayak, Ravi , Venkatraman, Sitalakshmi
- Date: 2011
- Type: Text , Journal article
- Relation: World Review of Entrepreneurship, Management and Sustainable Development Vol. 7, no. 3 (2011), p. 281-301
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- Description: While a growing majority of research studies have concentrated on triple bottom line public reporting in large organisations, the review of past research suggests there seems to be limited support and importance given to small and medium sized businesses. This paper attempts to examine whether business size matters when it comes to corporate sustainability. To achieve this, we have conducted an empirical study to investigate sustainable business practices in small, medium and large organisations. With a sample of 80 different Australia-based firms, we have examined various parameters attributing to corporate sustainability and have arrived at three kinds of performance outcomes (factors) that concur with triple bottom line principles, which we term as: 1) corporate environmental performance outcome (CEPO); 2) corporate social performance outcome (CSPO); 3) corporate financial performance outcome (CFPO). The results of the ANOVA analysis of these factors against business size have been discussed and the significantly higher CEPO in large size businesses than in small or medium size businesses have been explored. This paper also unearths the implications of these results on corporate sustainability and recommends possible improvements to increase the focus around environmental sustainability.
- Description: 2003008915
Corporate sustainability : An IS approach for integrating triple bottom line elements
- Authors: Venkatraman, Sitalakshmi , Nayak, Ravi
- Date: 2015
- Type: Text , Journal article
- Relation: Social Responsibility Journal Vol. 11, no. 3 (2015), p. 482-501
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- Description: Purpose - The purpose of this paper is to investigate the inter-relationships among three triple bottom line (TBL) outcomes of corporate sustainability, namely, corporate environmental performance outcome (CEPO), corporate social performance outcome (CSPO) and corporate financial performance outcome (CFPO), with the aid of an empirical study conducted in Australian businesses. The paper also aims to provide a roadmap for integrating sustainable business practices using information systems (IS) approach of continuous improvement lifecycle. Current business practices try to achieve economic, social and ecological goals independently as silos due to the individual operational challenges posed by each of these TBL principles. Design/methodology/approach - The research design mainly adopts a quantitative research methodology with data collected by means of a survey questionnaire that included both descriptive and exploratory flavour. The empirical study examines the relationships of TBL elements as perceived by 85 different Australian-based large, medium as well as small business organisations. The data collected were analysed by performing factor analysis on 21 items, resulting in three latent factors that were aligned to TBL outcomes and the correlations among them were analysed to assess their inter-relationships. Findings - The results of the study report weak and positive relationships existing between the TBL elements, with insights gained through the study leading towards useful implications that are well-supported by the qualitative feedback. The empirical study has also resulted in providing practical recommendations and an implementation framework consisting of a four-step roadmap with the participation of quality circles within an IS approach. Practical implications - The study focuses on inter-relationships and integration of TBL elements in Australian businesses. This could be extended to other businesses in different countries. The proposed roadmap with a continuous improvement cycle of system implementation steps facilitates any organisation to adopt an incremental integration of the social responsibility and environment protection practices within its core business operations for achieving corporate sustainability. Originality/value - While most of the TBL studies conducted worldwide focus on predominantly assessing large organisations towards responsible and sustainable business practices, this paper considers large, medium and small businesses. The research methodology adopted in this study as well as the proposed IS approach with quality circles add value to a growing body of literature with a recent increasing focus on integrated approaches for corporate sustainability.
Influence of demographic variables on sustainability in regional Australian SMEs
- Authors: Courvisanos, Jerry , Nayak, Ravi , Salimzadeh, Parisa
- Date: 2015
- Type: Text , Conference paper
- Relation: Proceedings of the Australasian Conference on Business and Social Sciences
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- Description: Small and medium-sized enterprises (SMEs) play a significant role in the economy of Regional Australia.They are significant regional development agents contributing to the increased productivity and the improved quality of local life.However,global warming and unethical social behavioursare increasingly being attributed to commercial activity. While, large businesses have accepted the need to adopt sustainability in their management process, SMEs have not paid enough attention to the sustainability issues in their management strategies.There are some demographic variables which are affectingthe adoption on sustainable practices by SMEs. This paper investigates the effects of fourdemographic variables (business size, business category, owners/managers’ experienceand educationallevel) on the sustainability adoption by SMEs in a regional context.One way analysis of variance (ANOVA) was used to analyse the survey data from 233 SMEs in the regional city of Ballarat which is located in Western Victoria, Australia.Findings reveal that business size and owners/managers’ education have a significant impact on the adoption of socially responsible practices.This paper contributes to the investigation of impacting variables on sustainable business development within SMEs, highlighting significant implications for both theory and practice in the context of a non-metropolitan urban setting.
A pilot study into international students' academic culture: The context of Indian business students in an Australian university
- Authors: Nayak, Ravi , Venkatraman, Sitalakshmi
- Date: 2010
- Type: Text , Journal article
- Relation: e-Journal of Business Education & Scholarship of Teaching Vol. 4, no. 2 (2010), p. 1-12
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- Description: This paper explores the influence of home country academic culture on the performance of international students in their studies. The focus was on Indian international students studying business courses in an Australian regional university because 61% of its students are international and majority of them come from India. The paper describes a pilot study employing a narrative inquiry approach to provide a better understanding of international students' academic culture. Three main academic cultural gaps were identified from the students' narratives: (1) annual teaching versus semester teaching scheme; (2) lack of familiarity with writing assignments; and (3) lack of familiarity with the Australian accent.