Abstract:PurposeThe aim of this paper is to investigate the scope of digitalization in the EMAS-registered organizations for better understanding its extent in environmental committed firms' activities.Design/methodology/approachA content analysis was employed to examine the environmental statements of the EMAS-registered organizations. About 60 Italian and Polish entities were selected from the EMAS database using simple random sampling method.FindingsThe article fills the gap in the theory of managing change in an en… Show more
“…In summarising the above analyses and their results, one may be tempted to argue that those Polish enterprises that clearly communicate a pro‐environmental approach in their goals and that have based their strategy on such goals have not made extensive use of environmental tools. That result is in line with other studies indicating a relatively low level of use of advanced tools in pro‐environmental polish organisations (Canestrino et al, 2020). According to the results, enterprises have limited themselves to the application of two tools (LCA and muda elimination), which translates into only limited benefits.…”
Section: Discussionsupporting
confidence: 93%
“…At the level of the organisation, it is possible to use tools connected with the design or manufacturing process. Activities connected with, e.g., consumption or waste management regulated by the guidelines of the European Circular Economy Action Plan (COM [2020] 98 final) are areas over which individual organisations have little influence. In these cases, measures taken at the macrolevel, including national, interregional and international legal solutions, are of key importance, since in the present study the authors have focused on the activities of a single enterprise and have only referred to those tools that they can implement.…”
An increasingly visible trend among enterprises is the belief that one of the most effective ways of achieving growth is through the transition from the current ‘linear’ business model to a circular economy. This approach enables enterprises to create a pro‐environmental image and, at the same time, obtain a number of benefits. The purpose of this article is to demonstrate the dependencies involved in meeting the requirements of a circular economy through the implementation of individual activities in the 9R framework in the context of the tools used and the benefits obtained. The research shows that such organisations can obtain a wide range of economic, operational, and social benefits, as leaders in forging a pro‐environmental approach. However, they must use already available tools on a larger scale and implement and propagate actions that fit into the 9R strategies framework.
“…In summarising the above analyses and their results, one may be tempted to argue that those Polish enterprises that clearly communicate a pro‐environmental approach in their goals and that have based their strategy on such goals have not made extensive use of environmental tools. That result is in line with other studies indicating a relatively low level of use of advanced tools in pro‐environmental polish organisations (Canestrino et al, 2020). According to the results, enterprises have limited themselves to the application of two tools (LCA and muda elimination), which translates into only limited benefits.…”
Section: Discussionsupporting
confidence: 93%
“…At the level of the organisation, it is possible to use tools connected with the design or manufacturing process. Activities connected with, e.g., consumption or waste management regulated by the guidelines of the European Circular Economy Action Plan (COM [2020] 98 final) are areas over which individual organisations have little influence. In these cases, measures taken at the macrolevel, including national, interregional and international legal solutions, are of key importance, since in the present study the authors have focused on the activities of a single enterprise and have only referred to those tools that they can implement.…”
An increasingly visible trend among enterprises is the belief that one of the most effective ways of achieving growth is through the transition from the current ‘linear’ business model to a circular economy. This approach enables enterprises to create a pro‐environmental image and, at the same time, obtain a number of benefits. The purpose of this article is to demonstrate the dependencies involved in meeting the requirements of a circular economy through the implementation of individual activities in the 9R framework in the context of the tools used and the benefits obtained. The research shows that such organisations can obtain a wide range of economic, operational, and social benefits, as leaders in forging a pro‐environmental approach. However, they must use already available tools on a larger scale and implement and propagate actions that fit into the 9R strategies framework.
“…The consulting giant McKinsey identified those organizations that have efficiently implemented the DTS have come high performing digital enterprises constantly producing monetary benefits. Those companies are able to gain superior digital enterprise performance by scoring in six building blocks, namely, (a) strategy and innovation, (b) process automation, (c) organization, technology, (d) data and analytics and (e) the customer decision journey (Canestrino et al, 2020 ). Utilizing these combinations of blocks to capitalize on the changing market conditions/need is viewed as the organization’ capacity to desirably regulate the customer journey.…”
Universities focus on digital transformation strategy to stay competitive in global education, staying competitive is taking on quite a different meaning in the 21st century – it includes the long-term implications of Covid-19 – the interaction of politics and economics, the emergence of China as a superpower, the end of neoliberalism, the emergence of distributed autonomous organisations particularly in the area of research and education.
The impact of sustainable digital transformation in universities could be perceived as system and systematic. When the intangible but impactful influence is identified/recognized as a system, an applicable conceptual model could become designable and implementable. Conceptual models of digital transformation are vital to universities and business schools to gain sustainability amid rapid technological changes. However, there is paucity of practical, implementable and simple digital transformational models combining technologies, system and educational phenomena. This theoretical gap is sizeable, impactful and non-ignorable.
To fulfil this gap, this paper critically examines the need and the association between sustainable digital transformation and its impact in the universities, using an innovative qualitative grounded theory approach which uses three distinct coding procedures namely open, axial and selective followed by transcribing qualitative data. The researchers have proposed a conceptual model for sustainable digital transformation, new propositions by critically reviewing the latest but multiple cases on (a) sustainability (b) digital transformation (c) green technologies and (d) implementable approaches in the education industry/universities. How fast universities could develop dependable business models to cater for the rapid changes amid globalization of education has become an important issue. If the universities can explore a scientific approach to the design-developing conceptual model, then it becomes straightforward for the academic leaders to implement digital transformation process effectively without resource burnouts.
The adoption sustainability in digital transformation/information technology is remaining an underdeveloped area. There is a need to develop an innovative architectural design (blueprint) to stimulate sustainable practice, reporting mechanism and its leadership implication. Once universities recognize the digital transformational capabilities, then they could transform into operational effectiveness, which is vital to their business sustainability. This research study points to the effectiveness of using a sustainable blueprint while designing, developing and implementing digital transformation projects in universities. Also, this paper developed numerous value propositions for green implementation of digital transformation as new research studies/potential studies.
“…The first stage is represented by the identification of items based on academic literature and studies performed by important worldwide institutions and practitioner literature. Regarding the academic literature, relevant recent studies on the topic of the level of digitalization of companies were examined (Al-Samawi, 2019; Canestrino et al , 2020; Galindo-Martín et al , 2019; Ibem et al , 2018; Martín-Peña et al , 2019; Pessot et al , 2020; Rubino et al , 2019, 2020; Stoldt et al , 2018; Vadana et al , 2019). Furthermore, as regards the studies performed by important worldwide institutions, the works of Eurostat (2017), OECD (2019) and the DESI offered by the European Commission (2019) were examined.…”
Purpose
Digitalization is an element capable of improving companies’ financial performance. Despite the relevance of the topic, the financial effects associated with extensive transparency in digitalization choices have rarely been explored in extant literature. This study aims to close this important gap by examining the effect of digitalization-related information on the cost of equity capital.
Design/methodology/approach
This study uses manual content analysis on a sample of 122 international listed firms to measure the level of transparency in digitalization choices and a regression model to test the effect of this transparency on the cost of equity capital.
Findings
The results show that broad transparency allows firms to benefit from a lower cost of equity capital. From this perspective, disseminating information about digitalization choices in a signaling theory key represents the signal that companies send to investors.
Originality/value
This study extends the knowledge about the potential of transparency to facilitate access to finance by examining the effect of another type of information, namely, those relating to digitalization choices, on the cost of equity capital.
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