Sustainable Management Strategies in Multinational Corporations: Balancing Profitability and Social Responsibility
Year: 2024
Type: article
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.
Author: Ritu Srivastava
Institution: University of Lucknow
Language: English
Subfield: Strategy and Management
Domain: Social Sciences
Open Access status: hybrid
OpenAlex ID: W4403783109