Year: 2024
Type: article
Study design: Systematic Review
Abstract: Implementing sustainability strategies is essential for the future viability of companies. While companies have been focusing intensively on the operationalization of efficiency and consistency for quite some time, sufficiency approaches are rare. As a result, there is a lack of fundamental understanding of the concept, its inherent potential, as well as a lack of basic implementation concepts for strategies, management systems, and product and process development. Based on a literature review using Scopus and Web of Science according to the PRISMA approach, this paper develops a definition for the concept of industrial sufficiency and presents three general industrial sufficiency strategies (frugality, longevity, and specificity) regarding three distinct business determinants (product, production, and business model). The investigation shows that not only can there be overlaps between the three general sustainability strategies (efficiency, consistency, and sufficiency) but that individual measures are also mutually dependent at different levels. In addition, significant conflicts of objectives for implementation in industrial practice are revealed.
Source: Sustainability
DOI: 10.3390/su162411121
Authors: Paul Schmidhäuser, Max Inhofer, Annika Buchholz, Franziska Mais, Robert Miehe
Language: English
Subfield: Strategy and Management
Domain: Social Sciences
Open Access status: gold
Estimated APC paid: $2,728
OpenAlex ID: W4405515801