Implementation of Voluntary Instruments by Czech Enterprises to Meet Sustainability and Competitive Growth
Pavla Vrabcova, Hana Urbancova
Keywords:
environmental responsibility, economic sustainability, integrated management systems, social
responsibility, sustainable development
Abstract:
A responsible business reflects the fundamental values of a society and is important for all
enterprises. It can improve their economic, environmental, and social characteristics from a
short- and long-term perspective through innovative products and services, new capabilities, and
stakeholder involvement. This study aims to identify the common convergent factors of voluntary
instruments in management systems to achieve sustainable business and competitive growth.
There are several tools aimed at achieving sustainability and competitiveness, an important
component of which is the subject of this study: the voluntary approach. To determine the key
factors of this approach, we used the online questionnaire technique of data collection (n =
183). We also conducted exploratory analysis with factors estimated by the principal components
and orthogonal rotation using the varimax method. Relevant driving forces are identified in
the development of the business models of sustainability and competitiveness, including the
integration of quality, environment and occupational safety and health management systems,
the environmental profile of the organisation for economic and social affairs, voluntary
reporting of environmental activities, and evaluation of environmental impacts. These factors
make a significant contribution towards improving environmental sustainability while ensuring
competitive business. The ability to move quickly and successfully to these business models is an
important source of sustainable competitive advantage.
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 Implementation of Voluntary Instruments by Czech Enterprises to Meet Sustainability and Competitive Growth [PDF file] [Filesize: 1.22 MB]
 10.7441/joc.2021.03.10
Vrabcova, P., & Urbancova, H. (2021). Implementation of Voluntary Instruments by Czech Enterprises
to Meet Sustainability and Competitive Growth. Journal of Competitiveness, 13(3), 165–184. https://doi.org/10.7441/joc.2021.03.10
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