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Managerial Economics
|
2017
|
vol. 18
|
issue 1
63-86
EN
Business today faces a managerial transition to adapt a new decision-making criterion and a course of action; namely, “corporate sustainability.” Corporate social responsibility can be embedded in (or fostered by) value-based management. In any case, adopting CSR as a part of a firm’s strategy and operations requires changed standards for decision-making. Decision-makers face the challenge of following tangible and intangible goals of multiple stakeholders. This study provides insights into how multi criteria decision tools can be harnessed to operationalize CSR. The method applied in the article is a systematic international literature review. The findings suggest that papers aimed at using MCDM to enhance CSR management are mostly newer publications. Three important research avenues have emerged. In the first avenue, MCDMs are seen and used to enhance managerial decisions where a number of heterogenic goals must be achieved. The second avenue is where MCDMs are seen and used to evaluate a firm’s quantitative and qualitative outcomes in terms of values created for multiple stakeholders. The third trend is connected with sustainable supply-chain management.
EN
The article refers to a valid and current research area, which is the role of information technology (IT) in the formation of business sustainability (BS). The main objective of this article is to identify the role of IT in shaping sustainable organization in the context of different, partly conflicting, approaches to BS and empirical verification of the proposed theoretical framework. The article describes key differences between BS approaches in case cognitive logic (reductionist versus integrative logic) and axiological (individualistic-egoistic versus holistic-altruistic axiology) distinction. Theoretical role of IT in shaping integrative logic for BS is identified and presented. The proposed theoretical concept is empirically verified. The verification is based on empirical studies conducted in 400 SMEs operating in Poland in 2017.
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