39 research outputs found

    Small & Medium-Sized Enterprises, Organizational Resilience Capacity and Flash Floods: Insights from a Literature Review

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    From a managerial standpoint, sustainability poses numerous challenges for the business community. One of the prominent concerns in the context of organizational sustainability is the impact of climate change and extreme weather events (EWEs), which create discontinuity and damages to business operations. In this respect, small and medium-sized enterprises (SMEs) are particularly vulnerable to EWEs, such as flash floods, having disastrous consequences to SMEs that tend to be ill-prepared. Taking into consideration that these negatives effects are also transferred into the local communities in which SMEs are located, it is crucial to create appropriate mechanisms that will enable these enterprises to build relevant capacities and acquire necessary resources in order to deal with relevant disruptive events. With this in mind, this paper attempts to delineate the emerging literature in relation to strategic approaches in dealing with high impact/low probability EWEs. With this analysis, we aim to provide insights for enhancing the robustness of SMEs against such natural hazards through effective resilience and adaptation strategies. The paper reveals that resilience to EWEs is indeed a multifaceted issue posing numerous challenges to SMEs. Taking into account their intrinsic characteristics, there is a need for a holistic management approach that will assist SMEs to safeguard their assets against extreme weather

    Perceived enablers and barriers impacting sustainability of small‐and‐medium sized enterprises: A quantitative analysis in four European countries

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    Small and medium‐sized enterprises (SMEs) often lag behind major corporations in implementing sustainability management practices, limiting their capacity to mitigate negative social and environmental impacts. A notable challenge is the lower percentage of SMEs with sustainability objectives. This research aims to examine the links among sustainability practices and performance of European SMEs. In addition, the causal relationships between enablers/barriers for sustainability practices are also examined. To achieve these objectives, a quantitative research approach was employed. Data were collected from 420 SMEs located in the United Kingdom, France, Spain, and Greece using a structured questionnaire. Statistical modeling and inference were used to analyze the responses, separately for each of the four countries. The study revealed several significant findings. Strong relationships were identified between enablers/barriers and sustainability practices. The study found consistent links between supply chain sustainability practices and SME performance across all participating countries. The research highlighted similarities and differences in findings across various economies and geographical regions. The study's findings have important implications; For policymakers insights from this research can inform policy decisions aimed at promoting sustainability among SMEs, thus contributing to broader social and environmental goals. For SME owners and managers the findings offer guidance for improving sustainable performance through operational, planning, and strategic decisions. Policymakers should consider initiatives that encourage SMEs to adopt sustainability practices. SME owners and managers should prioritize supply chain sustainability and work on overcoming barriers identified in this study. Further research should explore specific strategies for enhancing sustainability practices in different regions and economies

    DEVELOPING A METHODOLOGICAL FRAMEWORK FOR THE PARTICIPATORY MEASUREMENT OF SUSTAINABILITY

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    The measurement of sustainability can provide significant information in order to plan and implement environmental policies. Several methods have been proposed in the literature in order to select the appropriate indicators along with a variety of techniques for their measurement. These methods are often divided in two main categories: a) a top-down approach where the selection of sustainability indicators is often based on the decision of scientists and policy-makers and b) a bottom-up approach where local stakeholders influence the selection and the measurement of indicators. In this paper we propose a methodological framework which allows the selection of sustainability indicators based on scientific research but at the same time allows citizens to influence both the selection of indicators and their measurement. The benefits of the specific methodological framework are two: a) to incorporate in different stages of the measurement the opinions of local stakeholders, b) to assist in policy decision-making through the assessment of the current situation of sustainability

    Assessing Greek small and medium-sized enterprises' flood resilience capacity: index development and application

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    Floods signify one of the most common, widespread and destructive natural perils, affecting approximately 250 million people and causing billions in losses on an annual basis. Such high impact – low probability environmental perturbations can cause abrupt changes and disruption to business entities in flood-prone areas in terms of asset damages, operational interruptions and increased costs which result in loss of capital and labour, declining revenue and growth. It is therefore critical for businesses to identify such risks and, ultimately, to effectively build their resilience to such physical challenges. Small and medium-sized enterprises (SMEs) in particular are more ill-prepared to face flooding compared to large companies. Understanding the ability of SMEs to become more resilient to floods is crucial as they account for 99% of all enterprises, constitute the major employer and contributor of the total value-added of the private sector. In this study, a composite index of factors linked to the resilience capacity of SMEs to flooding is proposed and tested. A sample of Greek SMEs located in three flood-prone areas (n = 391) was administered a structured questionnaire pertaining to cognitive, managerial and contextual factors that affect the ability to prepare, withstand and recover from flooding events. Through the proposed index, a bottom-up, self-assessment, approach is set forth that could assist in standardising such assessments with an overarching aim of reducing the vulnerability of SMEs to floods. This is achieved by examining critical internal and external parameters affecting SMEs' resilience capacity which is particularly important taking into account the limited resources these enterprises tend to have at their disposal and that they can generate single points of failure in dense supply chain networks
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