Sustainability performance analysis of small and medium sized enterprises: Criteria, methods and framework

Malesios, Chrisovalantis; De, Debashree; Moursellas, Andreas; Dey, Prasanta Kumar; Evangelinos, Konstantinos

doi:10.1016/j.seps.2020.100993

Cited by 75 publications

(54 citation statements)

References 108 publications

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“…This impact has been measured over time using various statistical tools. One of these is PLS-SEM [12]. Therefore, a systematic literature review (SLR) has been used to determine if PLS-SEM is widely used to evaluate the impact of LSS on sustainability.…”

Section: Methodsmentioning

confidence: 99%

Lean Six Sigma Impact Analysis on Sustainability Using Partial Least Squares Structural Equation Modeling (PLS-SEM): A Literature Review

Barcia

Garcia-Castro

2022

Sustainability

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The Lean Six Sigma (LSS) philosophy and sustainability have become topics of interest since the 1990s; they have generally been analyzed together since 2012. Numerous professionals, managers, and researchers have sought methodologies by which to assess their impact and know their effectiveness within companies. During the past decade, the application of partial least squares structural equation modeling (PLS-SEM) has been widely accepted in various modeling, prediction, or multivariate analyses as a way to measure the impact of LSS on sustainability. This study conducts a literature review to identify the use of PLS-SEM in measuring the impact of LSS on sustainability. A systematic review methodology has been employed, applying five search criteria to three scientific database platforms. This approach has been helpful to identify PLS-SEM as a valuable methodology for measuring the impact of LSS on sustainability. One of the research findings is that LSS practices positively impact 83% of economic indicators, 78% of environmental indicators, and 70% of social indicators. This article creates a theoretical foundation for future research on these issues, outlining research opportunities to generate future studies. It also allows researchers and managers who are interested in improving sustainability indicators to access valuable knowledge regarding what types of LSS tools could be used.

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Section: Methodsmentioning

confidence: 99%

Lean Six Sigma Impact Analysis on Sustainability Using Partial Least Squares Structural Equation Modeling (PLS-SEM): A Literature Review

Barcia

Garcia-Castro

2022

Sustainability

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“…Thanks to its use, it is possible to meet the economic, social and environmental aspects of the SRB. It is a new trend of controlling that seeks to evaluate ecological variants of individual options/activities (Crowther & Aras, 2008;Sedliačiková et al, 2019;Malá et al, 2019;Malesios et al, 2021;Magrizos et al, 2021).…”

Section: Literature Reviewmentioning

confidence: 99%

Controlling – An Empirical Study and Proposal of a Relevant Model for Sustainable Business and Development in Slovakia

Sedliačiková

Moresová

Malá

et al. 2021

Journal of Business Economics and Management

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The economic crisis triggered by the COVID-19 pandemic suggests that enterprises should manage their business in the wider system of public, social and environmental relations. Sustainable socially responsible business is becoming a lifeline for enterprises, they need to make the most effective decisions about the future direction. This can be achieved by interconnection of sustainable socially responsible business and controlling. Following the empirical survey research carried out using 151 Slovak enterprises the maturity of enterprises concerning the use of controlling and its financial, investment, cost, quality and personnel controlling subsystems was defined. Fisher’s f-test was used for Three-factor analysis of variance questions. The results achieved in the research showing significant differences between analyzed categories of enterprises in terms of size and their subject of business. Based on the analyses of the secondary sources and on results of the research, a framework concept of the structure of corporate controlling for Slovak enterprises was proposed which represents an innovative sustainable business model in practice, the application of which in practice will be a prerequisite for the growth of performance and financial health of enterprises.

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“…Energy and resource efficiency, waste management using reduce, reuse and recycle principles following circular economy philosophy have been increasingly adopted in industries including energy sector for achieving “Net Zero” and business sustainability (Dey et al , 2019a). However, for the successful implementation of circular economy, there is a need of appropriate analytical framework to reveal current state of practices and performances to achieve the desired decarbonization targets (Malesios and Dey, 2021).…”

Section: Performance Measurement and Management: Theory And Practice In The Energy Sectormentioning

confidence: 99%

Guest editorial

Cheffi

Malesios

Dey

2021

IJESM

Self Cite

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Decarbonisation is the major challenge of today's energy sector. Adopting renewable energy is one of the means for achieving lower carbon footprint. Renewables made up 17.1% of electricity generation in 2018, with hydro, wind and biomass making up the majority. That is expected to rise to 24% by 2030. Additionally, most appropriate balance among energy equity, energy security and environmental sustainability helps energy industry to achieve overall sustainability performance (Sun et al., 2020).Energy and resource efficiency, waste management using reduce, reuse and recycle principles following circular economy philosophy have been increasingly adopted in industries including energy sector for achieving "Net Zero" and business sustainability (Dey et al., 2019a). However, for the successful implementation of circular economy, there is a need of appropriate analytical framework to reveal current state of practices and performances to achieve the desired decarbonization targets (Malesios and Dey, 2021).Performance measurement and management has evolved as a philosophy to suggest improvement measures for any organization/system through thorough diagnostic studies. A performance measurement and management system is a balanced and dynamic system that enables support of decision-making processes by gathering, elaborating and analysing information (Bourne et al., 2002). The concept of "balance" refers to the need for using different measures and perspectives that tied together give a holistic view of the organization (Kaplan and Norton, 1996). Moreover, various methods have been evolved, which analyse the causal relationships of performance measures and facilitate to reveal objective means for improvement.Therefore, to address issues and challenges of energy sector for achieving appropriate balance among equity, security and sustainability in strategic, planning and operational levels, the most appropriate performance measurement frameworks need to be developed aligned with the specific organisation's strategic intents. Prior researches have introduced several methods using multiple criteria decision-making techniques that use data envelopment analysis (DEA), the analytic hierarchy process, the analytic network process, fuzzy theory, etc.

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Sustainability performance analysis of small and medium sized enterprises: Criteria, methods and framework

Cited by 75 publications

References 108 publications

Lean Six Sigma Impact Analysis on Sustainability Using Partial Least Squares Structural Equation Modeling (PLS-SEM): A Literature Review

Lean Six Sigma Impact Analysis on Sustainability Using Partial Least Squares Structural Equation Modeling (PLS-SEM): A Literature Review

Controlling – An Empirical Study and Proposal of a Relevant Model for Sustainable Business and Development in Slovakia

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