Green management matters only if it yields more green: an economic/strategic perspective

Citation

Siegel, D.S. (2010), "Green management matters only if it yields more green: an economic/strategic perspective", Strategic Direction, Vol. 26 No. 2. https://doi.org/10.1108/sd.2010.05626bad.006

Green management matters only if it yields more green: an economic/strategic perspective

Article Type: Abstracts From: Strategic Direction, Volume 26, Issue 2

Siegel D.S.Academy of Management Perspectives (USA), August 2009, Vol. 23 No. 3, Start page: 5, No. of pages: 12

Purpose – Asserts that managers of publicly traded companies have a monetary responsibility to adopt “green management” practices only if such actions complement the organization’s business-level and corporate-level strategies. Design/methodology/approach – A review of the literature of environmental social responsibility (ESR) is presented to provide the basis for the research framework. Outlines the argument for engaging in ESR, focusing on strategic benefits and competitive dynamics associated with this activity, notably those associated with efforts to increase market share, increase productivity, enhance human capital/employee quality, develop more favourable industry conditions, and increase share price. Summarizes some of the key studies considering various aspects of strategic ESR and, after considering these strategic dimensions, the study identifies specific tactics companies can employ to achieve these goals as well as functional areas affected by these strategic decisions where this may be useful in the cost benefit calculations associated with these decisions.Article type: Literature reviewISSN: 1558-9080Reference: 38AT591

Keywords: Business performance, Competitive advantage, Environmental management, Financial performance, Organizational performance, Sustainable development