1. Road-mapping the business potential of sustainability within the European manufacturing industry.
- Author
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Valkokari, Katri, Valkokari, Pasi, Palomäki, Katariina, Uusitalo, Teuvo, Reunanen, Markku, Macchi, Marco, Rana, Padmakshi, and Liyanage, Jayantha Prasanna
- Subjects
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MANUFACTURING industries , *SUSTAINABLE development , *BUSINESS development , *STAKEHOLDERS , *KEY performance indicators (Management) , *SOCIAL responsibility , *ENVIRONMENTAL management - Abstract
Purpose – The purpose of this study is to explore the required changes, outline business potential and envisage the key steps that a networked manufacturing industry needs to take to reach more sustainably performing manufacturing in the future. Design/methodology/approach – The paper utilises a visionary road-mapping approach to study the required changes and the business potential related to sustainable development in the manufacturing industry. Findings – The results were summarised in three sub-roadmaps empowerment of stakeholders, increase efficiency and creation of new performance criteria. On the basis of the summary of the sub-roadmaps, the framework was configured to describe the opportunities and challenges of sustainable business development in the European manufacturing industry. Research limitations/implications – A clear implication of this study is that a more system-oriented approach, new models for collaboration between network actors and transparently shared network-level KPIs are required before further steps towards a sustainable manufacturing industry can be taken. In addition, sustainability-driven business models are required to specify these changes concretely. Practical implications – The presented sub-roadmaps and framework summarising them could provide new insights to business practitioners exploring business potential of sustainability. Social implications – Understanding about the road-mapping process as tool that enables interaction and envisioning between different stakeholders could also have social implications supporting shared industry-level learning processes. Originality/value – Studies of sustainability within the manufacturing industry have focused mainly on green issues in supply-chain management or corporation-level governance models and reporting practices. The paper presents a broader view of sustainable development and recognises networked business as part of the solution. [ABSTRACT FROM AUTHOR]
- Published
- 2014
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