This page has only limited features, please log in for full access.
Risk management plays a key role in uncertain times, preventing corporations from acting rashly and incorrectly, allowing them to become flexible and resilient. A global turbulence such as the COVID-19 pandemic has had a strong impact on individual companies and entire economic sectors, raising the question of whether a paradigm shift is necessary, in order to enable a new cycle of development that is much environmentally, socially and economically sustainable. This environmental and socio-economic context of profound uncertainty forces organizations to consider more carefully the risk factors affecting their business continuity, as well as how these factors relate to sustainability issues. However, there is a gap in knowledge about how risk management systems relate to sustainability management systems, and how both of them exert influence on business performance, especially from a theoretical point of view. The aim of this study is to address this gap, by developing a new interpretative framework for the analysis of risk management strategies in organizations. This approach has been identified in economic hermeneutics as an innovative methodological tool to improve the knowledge of risk and design the most appropriate management strategies. The paper provides two main results: the first one is the construction of a theoretical model that relates risk management to sustainability management; the second one is an operational framework of multidimensional risk assessment useful for analysis at different levels (business, competitive scenario and system). Finally, the model also makes it possible to carry out a sustainability assessment through risk evaluation in the perspective of the sustainable development goals.
Davide Settembre-Blundo; Rocío González-Sánchez; Sonia Medina-Salgado; Fernando E. García-Muiña. Flexibility and Resilience in Corporate Decision Making: A New Sustainability-Based Risk Management System in Uncertain Times. Global Journal of Flexible Systems Management 2021, 1 -26.
AMA StyleDavide Settembre-Blundo, Rocío González-Sánchez, Sonia Medina-Salgado, Fernando E. García-Muiña. Flexibility and Resilience in Corporate Decision Making: A New Sustainability-Based Risk Management System in Uncertain Times. Global Journal of Flexible Systems Management. 2021; ():1-26.
Chicago/Turabian StyleDavide Settembre-Blundo; Rocío González-Sánchez; Sonia Medina-Salgado; Fernando E. García-Muiña. 2021. "Flexibility and Resilience in Corporate Decision Making: A New Sustainability-Based Risk Management System in Uncertain Times." Global Journal of Flexible Systems Management , no. : 1-26.
The pandemic has changed the citizens’ behavior, inducing them to avoid any real contact. This has given an incredible impulse to e-commerce; however, the complexity of the topic has not yet been adequately explored in the literature. To fill this gap, this study has a twofold purpose: (1) to investigate how European countries comparatively perform in e-commerce, and (2) to describe what are the most important challenges for the further expansion of e-commerce. To this end, we adopted a hybrid methodology based on multi-criteria decision analysis (MCDA) and a Likert scale survey. The first method allows to us rank the e-commerce performance of different European countries, while the second one looks at the problems and barriers that characterize online shopping. The results of the study show that European countries have different sensitivities to the issue of cyber-security, and among them it is possible to identify three groups with different levels of attention to the critical issues of e-commerce. The Netherlands, Sweden and Denmark belong to the group of countries most responsive to e-commerce. This request is part of a broader framework of transition toward sustainable development, i.e., a reliable digital environment where citizens and businesses can exercise their rights and freedoms in complete security. Finally, from a theoretical perspective, this paper adds a new baseline to the literature on the state of the art of e-commerce in Europe that addresses the effects of the pandemic. From a managerial point of view, decision makers can find in the results of this analysis a support for the setting of business strategies for the expansion of firms in certain markets and guidance for public authorities when defining regulatory policies for e-commerce.
Idiano D’Adamo; Rocío González-Sánchez; Maria Medina-Salgado; Davide Settembre-Blundo. E-Commerce Calls for Cyber-Security and Sustainability: How European Citizens Look for a Trusted Online Environment. Sustainability 2021, 13, 6752 .
AMA StyleIdiano D’Adamo, Rocío González-Sánchez, Maria Medina-Salgado, Davide Settembre-Blundo. E-Commerce Calls for Cyber-Security and Sustainability: How European Citizens Look for a Trusted Online Environment. Sustainability. 2021; 13 (12):6752.
Chicago/Turabian StyleIdiano D’Adamo; Rocío González-Sánchez; Maria Medina-Salgado; Davide Settembre-Blundo. 2021. "E-Commerce Calls for Cyber-Security and Sustainability: How European Citizens Look for a Trusted Online Environment." Sustainability 13, no. 12: 6752.
Converging business, sustainability, and technology is a challenge that manufacturing firms face to create value and be competitive. Energy- and raw material-intensive manufacturing industries are particularly aware of environmental issues and circular economy practices due to the large amounts of resources they use. However, manufacturing companies must also be mindful of economic sustainability in order to make their business profitable. For this, appropriate economic evaluation tools are needed, one of which is life cycle costing (LCC). LCC, when applied to the manufacturing context, is often considered as a simple extension of the life cycle assessment (LCA). This is the main limitation of LCC, as it only contributes to determining the economic value of environmental damage. This research aims to overcome this limitation, analyzing the Italian ceramic tile manufacturing sector as a case study in order to conceptually develop, through the abductive methodology, a calculation framework that extends the potential of LCC by including circularity parameters. Subsequently, the conceptual framework is empirically validated using sectoral industrial costs by configuring two scenarios (with and without circularity practices) and building a benchmark for individual firms in this industry. Finally, the research includes some considerations on the positive implications and potential of life cycle costing in an open innovation context.
María Medina-Salgado; Fernando García-Muiña; Marco Cucchi; Davide Settembre-Blundo. Adaptive Life Cycle Costing (LCC) Modeling and Applying to Italy Ceramic Tile Manufacturing Sector: Its Implication of Open Innovation. Journal of Open Innovation: Technology, Market, and Complexity 2021, 7, 101 .
AMA StyleMaría Medina-Salgado, Fernando García-Muiña, Marco Cucchi, Davide Settembre-Blundo. Adaptive Life Cycle Costing (LCC) Modeling and Applying to Italy Ceramic Tile Manufacturing Sector: Its Implication of Open Innovation. Journal of Open Innovation: Technology, Market, and Complexity. 2021; 7 (1):101.
Chicago/Turabian StyleMaría Medina-Salgado; Fernando García-Muiña; Marco Cucchi; Davide Settembre-Blundo. 2021. "Adaptive Life Cycle Costing (LCC) Modeling and Applying to Italy Ceramic Tile Manufacturing Sector: Its Implication of Open Innovation." Journal of Open Innovation: Technology, Market, and Complexity 7, no. 1: 101.
This paper explores the relationship between one of the major aspects of the internal mechanism of corporate governance, i.e., the board of directors, and the corporate strategy of cooperation. The study was designed to investigate whether certain board of director characteristics have an influence on the propensity to cooperate in Spanish listed non-financial firms. Our findings reveal that the propensity to cooperate in Spanish firms is driven more by a tight “management effect” whereby the highest probability of occurrence is related to firms with duality on their boards and a lower proportion of nominee directors representing controlling shareholders. This paper adds evidence to the corporate governance-corporate strategy (alliance propensity) discussion in a continental country such as Spain.
Maria Medina-Salgado; María Sacristán-Navarro; Luis Guerras-Martín. Do Boards of Directors Really Matter in the Cooperation Behavior of Firms? An Exploratory Analysis in Spain. Sustainability 2020, 12, 10114 .
AMA StyleMaria Medina-Salgado, María Sacristán-Navarro, Luis Guerras-Martín. Do Boards of Directors Really Matter in the Cooperation Behavior of Firms? An Exploratory Analysis in Spain. Sustainability. 2020; 12 (23):10114.
Chicago/Turabian StyleMaria Medina-Salgado; María Sacristán-Navarro; Luis Guerras-Martín. 2020. "Do Boards of Directors Really Matter in the Cooperation Behavior of Firms? An Exploratory Analysis in Spain." Sustainability 12, no. 23: 10114.
Sustainability transition is becoming increasingly relevant at a manufacturing level, especially for resource- and energy-intensive industries. In addition, the 4.0 industry paradigm opens new opportunities in terms of sustainable development. The aim of this research is to analyze the introduction of sustainability in the corporate value proposition, through the evolution from a traditional to a sustainable business model. The business model innovation will be investigated in the case of a ceramic tile producer in the district of Sassuolo, Italy. The company has introduced several sustainability practices over the years and, through investments in Industry 4.0 technologies, is able to conduct impact assessments of its production process. The applied tool for the business model transition will be the Triple-Layered Business Model Canvas by Joyce and Paquin. The results illustrate the new company’s sustainable value proposition, considering all three pillars of sustainability: environment, economy, and society. Despite the limitations resulting from the individual case study, the findings can be easily adapted to other ceramic tile companies in the sector. Besides, the paper could inspire other manufacturing companies in the drafting of a sustainable business model. The paper explores the still limited literature on the application of sustainable business models in operational scenarios.
Fernando E. García-Muiña; María Sonia Medina-Salgado; Anna Maria Ferrari; Marco Cucchi. Sustainability Transition in Industry 4.0 and Smart Manufacturing with the Triple-Layered Business Model Canvas. Sustainability 2020, 12, 2364 .
AMA StyleFernando E. García-Muiña, María Sonia Medina-Salgado, Anna Maria Ferrari, Marco Cucchi. Sustainability Transition in Industry 4.0 and Smart Manufacturing with the Triple-Layered Business Model Canvas. Sustainability. 2020; 12 (6):2364.
Chicago/Turabian StyleFernando E. García-Muiña; María Sonia Medina-Salgado; Anna Maria Ferrari; Marco Cucchi. 2020. "Sustainability Transition in Industry 4.0 and Smart Manufacturing with the Triple-Layered Business Model Canvas." Sustainability 12, no. 6: 2364.