Integrating Sustainability into Strategic Management: a Path Towards Long-Term Business Success

Purpose: This study aims to examine the integration of sustainability into the strategic management practices of banks in Jordan, identifying both challenges and opportunities.   Theoretical framework: The study's conceptual framework outlines the independent variable as strategic management, including formulation, implementation, monitoring and evaluating, and leadership, while the dependent variable is sustainability, focusing on both social and environmental goals. Existing models and frameworks for sustainability-oriented strategic management are reviewed and a customized model for Jordanian banks is developed.   Design/methodology/approach: The research employs a qualitative research design, using semi-structured interviews with senior managers from ten Jordanian banks. Data is analyzed using content analysis and thematic analysis.   Findings: The study finds that implementing strategic management processes can have a positive impact on sustainability, particularly with regards to environmental sustainability goals. The study recommends that Jordanian banks prioritize sustainability in their strategic management practices, establish sustainability targets, evaluate risks and opportunities, and adopt sustainable practices.   Research, Practical & Social implications: The study has implications for both research and practice. It highlights the importance of incorporating sustainability into strategic management practices for banks in Jordan and identifies the challenges and opportunities for doing so. The study also has social implications, as incorporating sustainability into strategic management practices can enhance the reputation of banks, decrease costs, and generate positive societal and environmental outcomes.   Originality/value: This study contributes to the literature on sustainability-oriented strategic management by developing a customized model for Jordanian banks. The study also provides insights into the challenges and opportunities for banks in Jordan in integrating sustainability into their strategic management practices

Navigating the Industry 4.0 frontier: Unveiling perceived risk and cost moderators in technology adoption

The advent of Industry 4.0 (I4.0) brought about significant transformations within the realm of business management. Industries are increasingly adopting innovative practices and implementing smart supply chain operations through the adoption of I4.0 technologies. Therefore, this study aims to investigate the factors that influence the adoption of I4.0 in supply chain operations. To accomplish this, an extended unified theory of acceptance and use of technology (UTAUT) model was applied, with perceived risk and cost acting as moderators in the context of the manufacturing sector. The study used a quantitative research methodology, with a sample size of 276 participants who held managerial positions at various levels within the sector. The data were obtained through the use of a structured questionnaire employing a judgmental sampling technique. The findings of the study revealed that both social influence and facilitating conditions had a significant impact on the adoption of I4.0. However, the relationship between social influence and I4.0 adoption was only moderated by perceived risk and cost. The aforementioned findings indicate that it is imperative that firms give precedence to the establishment of a conducive environment and culture that nurture innovation and promote the assimilation of cutting-edge technologies. Furthermore, it is essential for individuals to prioritize the establishment of strong networks and collaborations in order to effectively leverage the advantages offered by the I4.0. The implications of this study offer valuable insights for policymakers, practitioners, and researchers in the field of I4.0 and technology adoption. These insights pertain to the significant factors that influence the decision to adopt I4.0 and the anticipated applications of I4.0 within the supply chain

Visitor Management System Design and Implementation during the Covid-19 Pandemic

In todays computer technology environment, the effect of IT plays a significant part in all real-time systems. Various management systems are in place to help the company organization achieve profit, standards, and future commercial growth. The VMS is important for monitoring how many visitors are there, what the objective of the facility visit will be, and who will be put in the block listed record due to rule violation. This technology also protects the buildings overall security. The goal of this system is to synchronize the organizations business and visitors in order to achieve a wonderful connection among organizations globally. The background was compiled from many papers that discussed similar subjects and were connected to the system. In addition, the limitations and analyses of the present system have been addressed in order to demonstrate the organizations demands for a new system. In part three, we will go through the project planning, covering the feasibility study, Gantt chart, and software methodology in specific stages. Stepping on functional and non- functional requirements of the system, it is covered in the same chapter, as well as the system steps in the implementation part of section four, and finally with clear and direct conclusion and recommendations in section five with future work of the visitor management system, which will be added after the system is implanted in the organization and other related organizations

Exploring the relationship between organizational culture and well-being of educational institutions in Jordan

Organizational culture is a critical factor in shaping companies' overall well-being, which can impact their employees' job satisfaction, loyalty, creativity, and productivity. In this study, the researchers aimed to examine the relationship between organizational culture and companies' well-being in the Education sector in Jordan. To achieve their goal, the researchers surveyed 500 participants from various departments in the Education sector in Jordan, categorizing organizational culture into four types: Clan, Adhocracy, Market, and Hierarchy. The well-being of companies was measured through employee loyalty, creativity, and productivity. The data from 352 valid questionnaires were analyzed using SPSS. This study's findings suggest that a positive organizational culture is significantly associated with increased employee job satisfaction, loyalty, creativity, and productivity. Moreover, the study highlighted the importance of developing a positive organizational culture, fostering a sense of community and shared values, providing opportunities for employee development and growth, and promoting a supportive and inclusive work environment to achieve organizational success. Understanding the role of organizational culture in promoting employee well-being and companies' success is critical, particularly in the Education sector in Jordan. This study's recommendations provide valuable insights for companies to prioritize developing a positive organizational culture to achieve long-term success and employee well-being

Impact of Open Big Data and Insurtech on Business Digitalization

The need for the insurance sector to modernize its operations and implement digital transformation is indisputable. Insurance technology has emerged as a result of digital change in the insurance sector (InsurTech). With the introduction of numerous digital insurance service providers in UAE is developing rather quickly and will only continue to expand. Throughout the whole lifetime of an insurance product, including pre-contract, product creation, post-contract, back office operations, and risk management, insurtech can be used. In order to evaluate the insurtech need with big data and their impact on business digitalization this research was conducted. Empirical evidences composed from insurance industry located in Dubai UAE through an online survey. 46 companies were approached to collect data using a descriptive research. A valid sample size of 166 employees used for data analysis. SmartPLS 4 software used to measure the hypothesized model. Findings revealed significant relationship of each construct. Additionally, due to low insurance penetration as well as the growth of insurtech start-ups, the UAE has a great potential for insurtech. The difficulties that Insurtech faces are mostly caused by existing legislation that do not yet directly address Insurtech.</p

Eco-innovation and financial performance nexus: Does company size matter?

Nowadays, there is an increasing recognition of the value of eco-innovation in both academic and practical spheres. Establishing the connection between eco-innovation and corporate performance is highly important. This paper aimed to analyze the correlation between eco-innovation, corporate performance, and company size. To accomplish this goal, the paper collected unique data from 383 global non-financial companies using the Refinitiv Eikon database from 2013 to 2022. This paper uses fixed effect and (generalized method of moment) GMM techniques to overcome possible endogeneity concerns. The strong empirical results display a positive relationship between eco-innovation and corporate performance. Importantly, this paper discovered that the size of companies significantly magnifies the effect of eco-innovation on corporate performance. Our findings are still robust to endogeneity concerns. The results confirm that prioritizing eco-innovation can benefit larger companies in multiple ways, including boosting productivity, avoiding penalties, expanding into new markets, improving green image, and gaining a competitive edge, all of which ultimately enhance corporate performance. Additionally, the extensive evaluation by stakeholders enables these larger corporations to generate increased profits. This paper aims to contribute the innovation literature by exploring an under-explored topic using extensive panel data and offering practical guidance for non-financial firm stakeholders. The implications of the findings have various impacts on future research and policy development. Furthermore, this paper aims to assist policymakers in establishing impactful mechanisms and guidelines that foster ecologically conscious attitudes. The conclusion assists managers in grasping the importance of context-based eco-innovation