2 The Approach of SMEs Towards Green Management Practices
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Abstract
Everyone should be concerned about a sustainable future because we all want to leave a good world for future generations. Achieving sustainability requires significant financial investments in tangible assets, conservation efforts, institutions, and human resources and cannot be accomplished using business-as-usual methods. Additionally, we must cultivate a culture that can balance the competing interests of participating communities with those of the environment. Our understanding of the effects of climate change, such as global warming, and its implications for food security and human existence has grown over the past few decades as more information becomes available. Green management practices (GMPs) are vital in improving an organization’s performance across three critical aspects: the environment, the economy, and society. Furthermore, they can contribute to maintaining a competitive edge for organizations. Given that the tourism and hospitality sectors face environmental expectations from customers, governments, and the community, it becomes imperative to comprehend the driving factors behind GMPs. By doing so, organizations can effectively address environmental concerns, meet established standards, and satisfy stakeholders. This study clarifies the relationship between employee environmental behaviors and sustainable performance in small and medium-sized hospitality firms. It is significant because it has the potential to influence the industry’s adoption of more environmentally friendly practices. The chapter offers implications for further research, both theoretical and practical. It emphasizes the management practices that small and medium- sized businesses (SMEs) use in various ways.
Abstract
Everyone should be concerned about a sustainable future because we all want to leave a good world for future generations. Achieving sustainability requires significant financial investments in tangible assets, conservation efforts, institutions, and human resources and cannot be accomplished using business-as-usual methods. Additionally, we must cultivate a culture that can balance the competing interests of participating communities with those of the environment. Our understanding of the effects of climate change, such as global warming, and its implications for food security and human existence has grown over the past few decades as more information becomes available. Green management practices (GMPs) are vital in improving an organization’s performance across three critical aspects: the environment, the economy, and society. Furthermore, they can contribute to maintaining a competitive edge for organizations. Given that the tourism and hospitality sectors face environmental expectations from customers, governments, and the community, it becomes imperative to comprehend the driving factors behind GMPs. By doing so, organizations can effectively address environmental concerns, meet established standards, and satisfy stakeholders. This study clarifies the relationship between employee environmental behaviors and sustainable performance in small and medium-sized hospitality firms. It is significant because it has the potential to influence the industry’s adoption of more environmentally friendly practices. The chapter offers implications for further research, both theoretical and practical. It emphasizes the management practices that small and medium- sized businesses (SMEs) use in various ways.
Chapters in this book
- Frontmatter I
- Preface V
- Contents VII
- Introduction IX
- 1 Enhancing SMEs’ Sustainability Through Innovative Practices 1
- 2 The Approach of SMEs Towards Green Management Practices 17
- 3 Factors Influencing Financial Backers’ Exit Decisions from a New Venture 33
- 4 Technological Advancement in Industrial Revolution 4.0 for Sustainable Development of India: Understanding Linkages in Theory and Practice 57
- 5 Impact of Macroeconomic Determinants and Corporate Attributes on Firms’ Financial Success in India 73
- 6 Exploring Individual Investor Intentions Towards Socially Responsible Investment 95
- 7 Ownership Structures and Performance of SMEs: An Empirical Analysis 119
- 8 Short-Run Pricing Performance of Selected Indian IPOs During COVID-19 for Alternative Investment Avenue 141
- 9 Emerging Green: Exploring Strategic Factors for SMEs’ Adoption of Green Technology and Innovation in India 165
- 10 Impact of Sustainability and Green Finance on SMEs to Promote Green Growth 187
- 11 Progress Intention and Sales Revenue Growth in Micro, Small and Medium Enterprises (SMEs) 199
- 12 Green Management Practices by Small and Medium Enterprises 211
- 13 An Analysis of MSMEs’ Contributions to the Promotion of SDGs in India 227
- 14 Impact of Innovation and Its Role in Small Medium Enterprises’ Sustainability 247
- 15 Effect of Government Policies on SME Innovation and Entrepreneurship 267
- 16 A Study on Various Aspects of SMEs’ Orientation for Corporate Social Responsibility 285
- 17 SME and Environmental Sustenance: Digital Marketing in SMEs via Data- Driven Strategies 315
- List of Contributors 333
- About the Editors 339
- List of Tables 341
- List of Figures 343
- Index 345
Chapters in this book
- Frontmatter I
- Preface V
- Contents VII
- Introduction IX
- 1 Enhancing SMEs’ Sustainability Through Innovative Practices 1
- 2 The Approach of SMEs Towards Green Management Practices 17
- 3 Factors Influencing Financial Backers’ Exit Decisions from a New Venture 33
- 4 Technological Advancement in Industrial Revolution 4.0 for Sustainable Development of India: Understanding Linkages in Theory and Practice 57
- 5 Impact of Macroeconomic Determinants and Corporate Attributes on Firms’ Financial Success in India 73
- 6 Exploring Individual Investor Intentions Towards Socially Responsible Investment 95
- 7 Ownership Structures and Performance of SMEs: An Empirical Analysis 119
- 8 Short-Run Pricing Performance of Selected Indian IPOs During COVID-19 for Alternative Investment Avenue 141
- 9 Emerging Green: Exploring Strategic Factors for SMEs’ Adoption of Green Technology and Innovation in India 165
- 10 Impact of Sustainability and Green Finance on SMEs to Promote Green Growth 187
- 11 Progress Intention and Sales Revenue Growth in Micro, Small and Medium Enterprises (SMEs) 199
- 12 Green Management Practices by Small and Medium Enterprises 211
- 13 An Analysis of MSMEs’ Contributions to the Promotion of SDGs in India 227
- 14 Impact of Innovation and Its Role in Small Medium Enterprises’ Sustainability 247
- 15 Effect of Government Policies on SME Innovation and Entrepreneurship 267
- 16 A Study on Various Aspects of SMEs’ Orientation for Corporate Social Responsibility 285
- 17 SME and Environmental Sustenance: Digital Marketing in SMEs via Data- Driven Strategies 315
- List of Contributors 333
- About the Editors 339
- List of Tables 341
- List of Figures 343
- Index 345
