Sustainable Management Strategies in Multinational Corporations: Balancing Profitability and Social Responsibility

Sustainable management strategies are increasingly critical for multinational corporations (MNCs) aiming to achieve long-term profitability while fulfilling social and environmental responsibilities. MNCs balance financial objectives with sustainability initiatives, addressing the complexities of integrating economic, social, and environmental considerations into corporate strategies. theoretical frameworks and empirical studies to elucidate the challenges and opportunities associated with sustainable management practices in MNCs. It investigates how successful organizations align business goals with sustainable development goals (SDGs), implement ethical practices across global operations, and engage stakeholders in fostering responsible corporate citizenship. Case studies and comparative analyses illustrate best practices and innovative approaches adopted by MNCs to mitigate environmental impacts, promote social equity, and enhance corporate reputation. The study emphasizes the role of leadership commitment, stakeholder engagement, and transparent reporting in driving sustainable business practices and achieving competitive advantage in global markets.

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Publication Details

Journal
Journal of Advanced Management Studies.
Published
2024-09-27
DOI
https://doi.org/10.36676/jams.v1.i3.17
Citations
4
Primary Topic
Business and Economic Development
Type
article
Field-Weighted Citation Impact
2.84
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article

Sustainable Management Strategies in Multinational Corporations: Balancing Profitability and Social Responsibility

Ritu Srivastava
4 citations
Journal of Advanced Management Studies.
Business and Economic Development
2.84
article

Sustainable Management Strategies in Multinational Corporations: Balancing Profitability and Social Responsibility

Ritu Srivastava
article en
4 citations

Abstract

Sustainable management strategies are increasingly critical for multinational corporations (MNCs) aiming to achieve long-term profitability while fulfilling social and environmental responsibilities. MNCs balance financial objectives with sustainability initiatives, addressing the complexities of integrating economic, social, and environmental considerations into corporate strategies. theoretical frameworks and empirical studies to elucidate the challenges and opportunities associated with sustainable management practices in MNCs. It investigates how successful organizations align business goals with sustainable development goals (SDGs), implement ethical practices across global operations, and engage stakeholders in fostering responsible corporate citizenship. Case studies and comparative analyses illustrate best practices and innovative approaches adopted by MNCs to mitigate environmental impacts, promote social equity, and enhance corporate reputation. The study emphasizes the role of leadership commitment, stakeholder engagement, and transparent reporting in driving sustainable business practices and achieving competitive advantage in global markets.

Journal of Advanced Management Studies.Vol. 1(3)
University of Lucknow (IN)
Openalex Percentile: Top 9%
Business and Economic Development
2.84
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