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Sustainable business practice has become a popular strategy for many existing and newer businesses in recent times. As efficiency and satisfying strict environmental regulation have become a priority for many companies.
Many corporate business executives focus on altering existing business models or craft new sustainable business models moving forward.
However, this requires an excellent scientific and practical knowledge level on 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 a 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 it 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 of 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 payback 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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