ifkad articles

The Role of Sustainability Practices in Engineering, Ecological and Adaptive Resilience for Improving Corporate Performance and Sustainable Innovation Performance: A Study on Petroleum Companies from South Asian Context

Aleena Shuja, Aleema Shuja

Current study intends to probe and analyze the essential role of sustainability practices comprising of integrative, eco efficiency related and ethical or employee centered procedures for improving corporate performance and ensuring higher levels of sustainable innovation performance through the upholding of EEA trait resilience encompassing ecological, engineering and adaptive aspects. Based on the tentative hypotheses derived from triple bottom line of an organization, path analysis has been performed for structural equation modeling (SEM) in order to examine these assumptions. The sample in the intended cross-sectional study contains empirical or primary data collected from managers in petroleum companies in South Asian context,specifically Lahore, Pakistan. With respect to the context of current study, it can be concluded that sustainability practices are fundamental supporting entities of petroleum organizations for satisfying the engineering, ecological and adaptability resilience that can help these organizations accomplish goals of long term corporate efficacy and effectiveness altogether with higher levels of sustainable innovation performance. The study high points the value of sustainability and resilience of petroleum companies consequential from the Systems Theory literature. Petroleum companies can sustain high sustainable innovation and improve their performance by becoming more resilient through deployment of sustainability oriented practices in their processes. Embracing sustainability practices makes these companies strong enough to bounce back the environmental uncertainties by developing adaptive and flexible capabilities. Sustainability and resilience are the most critical issues faced by companies dealing within petroleum sector. Adoption of such dependable practices can surely encourage these companies to achieve and accomplish conservation based, engineering and adaptive qualities and capabilities of resilience. Through this, companies can safeguard their process and accomplish sustainability in innovation as well as entire corporate performance goals in terms of profitability, market share, revenue growth, and customer satisfaction.

IN: Proceedings IFKAD 2017 – Knowledge Management in the 21st Century: Resilience, Creativity and Co-creation
PP: 776-793