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Blog Summary
This study aims to investigate the influence of environmental knowledge on managers’ decisions regarding sustainable business practices in companies. Environmental knowledge may be a factor important in managers’ involvement in sustainable business practices. Thus, this study will offer some insights into the process of management decision-making that involves sustainability. Bring your career to the next level with an MBA degree. Master the techniques that will make you a valued asset to any organization. Strategize your moves and make decisions to impact your organization largely, through a unique learning experience shaped by innovative academic methodologies and industry-recognized faculty! In fact, with ever-increasing competition, a better education becomes all the more important for students seeking an MBA degree. The MBA has shifted from being just a management degree to strategic thinking, problem-solving and innovative techniques. The road to a degree in Business Administration is paved with the skills you will learn. You will learn how to manage, strategize and make decisions that impact your future business organization. Conquer your career dreams by getting a business degree that will bring you to the next level. A Master of Business Administration is a highly recognized degree for managers and leaders aiming for a more successful career path. Read on to know more the courses and benefits for you!
The sustainable business practice has become a popular strategy for many existing and newer businesses in recent times. Efficiency and satisfying strict environmental regulations have become a priority for many companies.
Many corporate business executives focus on altering existing business models or crafting new sustainable business models moving forward.
However, this requires an excellent scientific and practical knowledge level of the environment and superb awareness of correlation and facts regarding the environment and the ecosystem.
This sustainable knowledge helps managers further understand the ever-changing environmental condition at the global and local levels.
In a study, the researcher, Ms. Mary Lamoka Alfred, intends to demonstrate the influence of managers’ environmental knowledge and how they utilize it to craft sustainable business practices.
This influence on environmental experience is positive because ecological knowledge is an assured predictor of a manager’s ability to adapt to the ever-changing business sector and its practices.
The analysis utilized a purposive example of 40 managers across various industries, who helped to recognize their environmental knowledge scope.
A simple questionnaire that comprises both closed and open-ended queries was the data collection tool used. The data collected were received and processed in under 30 minutes.
The researcher examined the findings from the first and second sections by employing statistical software to check for identifying, correlation, and regression factors to understand the relationship between sustainable business practices and environmental knowledge.
The results were impressive as they made it possible to understand several issues surrounding sustainable businesses and environmental knowledge. Firstly, ecological knowledge has a crucial and notable impact on sustainable business management.
The more the information a manager possesses, the more likely he/she is to incorporate it into the firm’s operations. Indeed, environmental knowledge appears to be essential as a requirement for managers to adopt sustainable business practices.
Secondly, and more importantly, it is also likely to improve their companies’ performance. The more sustainability factors the managers have implemented in their operations, the more efficient they observe in their business practice.
Overall, this study on the influence of sustainable business practice by managers has educated us on the importance of exposure and experimentation. This study provides clear proof of managers adopting sustainable strategies in their business provided that they have the idea to do so.
However, we also understand that complexities associated with sustainable business models and development also hinder the managers from implementing them as many sustainable ideas require large upfront investment and often only pay back in the long term.
This study serves as an excellent informant of factors behind sustainable business practices among managers and the factors that are limiting them to just ideas.
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