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Firms are increasingly operating in turbulent environments in which unpredictable change is driven by causes such as climate change and economic crises. In this paper, we study how firms perceive environmental turbulence and respond with four types of actions. We distinguish between actions creating economic value for the firm and actions creating sustainable value for society and the environment and between substantive and symbolic actions with only the former changing firms' strategies, structures, and processes. We built a unique dataset on large European firms and their 470 responses to turbulence from 2017 until 2022. We show that in volatile and complex environments, in which rapid change occurs but information is available, firms respond with substantive actions. In uncertain and ambiguous environments that lack information, firms respond with symbolic actions. These findings hold for responses that aim to create both economic and sustainable value. However, these findings change when firms acquire environmental, social, and governance (ESG) capabilities. With high and improving ESG capabilities, firms are more likely to respond with sustainable substantive actions, even when they perceive their environments to be uncertain. We contribute to the literature on organizational capabilities and corporate environmental responsiveness by showing that firms with superior and improving ESG capabilities increase their substantive commitments to sustainable development and are less inclined to base their responses on their perception of turbulence. [ABSTRACT FROM AUTHOR]

The United Nations' Sustainable Development Goals (SDGs) provide a framework for building sustainable marketing strategies to improve social and natural environments. Marketing is a key factor for achieving SDG12, "Ensuring sustainable production and consumption patterns," and a new kind of marketing education is needed to engage and transform students accordingly. In a sustainable marketing class, we asked students to weave a rug from recycled clothes, then estimate its selling price, considering its production and environmental costs. This arts-and-crafts-based pedagogy gave students a deep understanding of the requirements of SDG12. It was engaging for students and highlighted the role marketing can play in raising willingness to pay higher prices for more sustainable products. In sum, this class achieved transformative sustainability learning in line with the Head, Hands, and Heart framework proposed by Sipos et al. [ABSTRACT FROM AUTHOR]

This paper examines whether the quality of corporate governance has a significant impact on sustainable value added by the companies. It uses a value-based measure of corporate performance, that is, sustainable value added (SVA) that measures the costs on the basis of value created by a company in the process of utilizing economic, environmental and social capital. Quality of corporate governance has been measured through an index. The association between the two has been examined for a sample of companies listed on the Bombay Stock Exchange (BSE) Carbonex index for 2015–2019. The data were analysed through the panel data regression analysis. This paper found an insignificant impact of the corporate governance quality on sustainable value, but there exists a positive but a weak correlation between the two. It can be attributed to poor disclosure practices as the data on environmental and social performance are not disclosed by the Indian companies. [ABSTRACT FROM AUTHOR]

Research on sustainable business models (SBMs) has been hindered by the use of traditional business model (BM) components indiscriminately applied to explain sustainable value (SV). Moreover, little has been done to reveal key components in BMs aiming to address the needs of the poor; that is, that part of the population referred to as the base of the pyramid (BoP). Following a case study methodology, we observe that conventional components are insufficient to clearly explain SV in SBMs for the BoP. The main contribution of this research is that it discloses that in SBMs for the BoP, activities (grouped into elements and components) are distinctively amalgamated to produce SV. This arrangement might be unique to SBMs for the BoP, and here we opt to present it in the form of a framework that articulates both a priori and emergent components and elements. In this framework, value adoption and value transmission are integrated as new components for analyzing this type of BM. [ABSTRACT FROM AUTHOR]

In conditions of limited natural resources, growing social awareness, and ESG risk, sustainability and the pressure to be sustainable are gaining importance. Legislative requirements, good practices and recommendations as well as the stakeholders themselves expect from market participants, especially from the enterprise sector, that they will incorporate sustainability in their activities. Enterprises undertake adaptation activities towards sustainability by creating sustainable value based on their business models. The article aims to systematize the state of knowledge on how companies create sustainable value. Research results in this area are dispersed, and more studies discussing this topic comprehensively are needed. The article fills the gap in research by reviewing the existing studies on creating sustainable value. The analysis of publications was based on the academic databases of Elsevier Scopus and Web‐of‐Science. 101 publications were reviewed, and 31 categorization variables related to the area of research and issues addressed in scientific publications were created. Using a multidimensional correspondence analysis, three homogeneous clusters of publications were obtained: group I refers to articles concerning enterprises of various sizes (micro, small, SME, and start‐up); group II includes publications on Asia and Australia, which appeared in 2020 or later; group III concerns articles related to the research of large production companies in developed European countries. The result shows that companies build sustainable value in various ways, influenced by company's location and size. Among the dominant patterns of incorporating sustainable value, the following are indicated: building a sustainable supply chain, innovations, building relationships with stakeholders and consumers, sharing economy. [ABSTRACT FROM AUTHOR]

This paper presents the results of a survey of small and medium-sized enterprises (SMEs) in Poland that have benefited from crowdfunding (CF). Based on these results, a new business model was developed. On this basis, the CF equity, reward and donation models were analyzed, and the impact of CF on the way of creating value in the company in the context of sustainable development was determined. The survey results show that the use of CF promotes the sustainable development of SMEs in Poland and significantly impacts their business model. In practical terms, this research has contributed to a better understanding of value creation by these companies. The results of our analysis are useful for consulting companies and CF platforms that help SMEs organize campaigns. In theoretical terms, the study conducted and the methodology used allow the presentation of a new definition of CF and a sustainable business model for a company using CF as well as contribute to the value management theory in SMEs. [ABSTRACT FROM AUTHOR]

Pedestrian mobility remains neglected in MaaS solutions, yet it has the potential to become a tool for promoting public policies and more sustainable lifestyles away from excessive private car use. This research identifies the potential for sustainable value creation and the transversal implications for policymakers and other MaaS stakeholders of overlooking walking in innovations like MaaS. To do so, we explore how walking is currently integrated into four MaaS solutions in the Paris region. Our main findings show heterogeneity in the hierarchy given to walking in the user interfaces and the determinant roles of governance and policy in supporting the prioritization of pedestrian mobility in MaaS. [ABSTRACT FROM AUTHOR]

Copyright of Journal of Universal Excellence (JUE) / Revija za Univerzalno Odličnost (RUO) is the property of Fakulteta za Organizacijske Studije v Novem mestu and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

In this study, we analyse the value creation of Industry 4.0 (I40) technologies in flexible manufacturing (FM) under a sustainability perspective. I40 is a popular strategy that Western manufacturing organizations adopt to face competition from low-cost producers. Organizations adopting I40 use advanced digital technologies to make production processes more flexible and increasingly automated. Several pieces of evidence confirm how I40 leads to higher productivity and higher-quality products, improving the economic performance of organizations. However, increasing automation may also lead to the reduction of human labour in the production process, which may contribute to the disappearance of jobs, the reduction of expertise and the loss of know-how in manufacturing organizations. While the literature acknowledges the technical and economic advantages of I40, the sustainability of the value created through these technologies deserves further investigation. To address the gap, we complement the IT value theory with the concept of sustainability, including the three dimensions of economic, environmental and social sustainability. We perform a multiple case study analysis of four Italian manufacturing organizations that have successfully implemented I40 technologies in FM. The cases show that I40 technologies support sustainable organizational value when they are deployed with a worker-centric approach. In this condition, the organization leverages workforce activities to continuously fine-tune the technologies and to exploit the adaptive features of the technologies to continuously improve processes. [ABSTRACT FROM AUTHOR]

New technologies—especially the emergence of digital fashion and a growing interest in creating digital twins (DTs)—are expected to alter existing value chains in the fashion industry as DT technology triggers a redesign of value creation processes. This qualitative case study demonstrates how and to what extent the development of DTs in the fashion industry addresses the sustainability needs of various stakeholders in both real‐world and virtual‐reality settings. The article examines the possibilities, benefits, and challenges of creating sustainable value in two distinct ways: traditionally, through physical processes, and through digital transformation by employing virtual processes via DTs. The main implication for further research is to examine the distribution of value facilitated by DT among heterogeneous stakeholders. [ABSTRACT FROM AUTHOR]

The strategy of creating value and increasing the competitiveness of economic entities under the idea of sustainable development entails the need to provide access to up-to-date knowledge, which is to strengthen the decision-making basis and increase the level of properties of economic decisions. This argument strengthens the legitimacy of undertaking a research problem, oriented towards an overview of contemporary business challenges in the light of sustainable development, to assess the direction of activities undertaken by enterprises in the economic and socio-environmental sphere in connection with their activities. The need to undertake sustainable activities—with an emphasis on the environmental aspect—is particularly relevant to the pharmaceutical industry, which, in implementing activities oriented towards the protection of human health and life in connection with drug production, treats the issue of concern for the health of the planet as an extremely important challenge. The literature on the subject generally and insufficiently discusses sustainability issues for companies operating in this industry. Recognising the pharmaceutical sector as an area of economy of key importance in the socio-economic dimension at the level of national economies and at the international level, it became reasonable to scientifically identify the indicated issues in relation to pharmaceutical industry enterprises, with particular emphasis on entities operating in Poland. Hence, the main aim of the study, in response to the diagnosed gap, was to assess the directions of improvement of business models of Polish pharmaceutical enterprises, with consideration given to determinants of sustainable development. This study draws attention to the significance of practical choices of pharmaceutical entities—determined by their activity strategy, on sustainable development, as well as the impact of performance on the practice of sustainable development in the light of the assessment of the companies' managerial effectiveness, demonstrating their significant importance. The realisation of the objective was based on a thorough review of the literature on the topic explored, as well as on the results of a diagnostic survey conducted among Polish pharmaceutical companies. An in-depth analysis of the findings in the area explored was conducted using statistical testing, including statistical ordering of variables, variable correlation matrix, logistic regression, odds ratio, and PQstat software. The main conclusion of the study is the finding that the business models of Polish pharmaceutical enterprises are continuously improving towards increasing the level of sustainable development, and the main determinant for the realisation of the above is the development of innovation, strongly correlated with the category of particularly good results on operations, constituting their managerial effectiveness. [ABSTRACT FROM AUTHOR]

Motivated by the project uncertainties of complex realities brought by the fourth industrial revolution, Industry 4.0 (I4.0), researchers must look at Lean project management (LPM) soft skills as a new mindset to have a holistic view of customer needs and to improve value to the organization. In the digital transformation era, it is essential that Lean practitioners develop socio-technical thinking while also prioritizing interpersonal soft skills that directly affect their ability to solve problems in order for the company to grow sustainably. This paper aims to identify the critical soft skills (CSSs) to implement LPM in the I4.0 era and to investigate, from the perspective of organizations, the latent factors for LPM implementation that generate sustainable value. For this purpose, a mixed-method approach was used, combining literature review and a survey with 166 Brazilian professionals. This empirical study intends to set the CSSs from a practice perspective and explore the benefits they generate throughout the organization. Data analysis was conducted with descriptive statistics and factorial analysis. Research findings revealed convergences regarding the practitioners' perception regarding the ten CSSs identified in the literature, and portray two latent factors, human and process factors, which can assist decision-makers in implementing LPM by offering a better perspective of the key factors that add sustainable value for companies in the digital transformation context. This study contributes to the debate on rethinking traditional skills, accentuates the need for adjustments, and proposes a socio-technical framework that can be used in a project manager's routine to enable better Lean project execution, help with decision making, and increase the understanding and meeting of customer needs. [ABSTRACT FROM AUTHOR]

This research paper aims to analyze the inheritance of traditional culture in contemporary product design in China. The study explores avenues for the preservation and integration of traditional cultural elements in modern design, considering the challenges faced by designers and the preferences of consumers. The research employs a mixed-methods approach, incorporating qualitative data collection techniques such as in-depth interviews and focus group discussions, along with quantitative surveys. The findings reveal that traditional cultural elements, such as tangible and intangible cultural heritage, are at risk of being forgotten due to modernization and globalization. Integrating these elements in contemporary product design presents an opportunity to revive and promote traditional craftsmanship, artistry, and symbolism while appealing to modern consumers. The study addresses the research gap by examining the challenges and opportunities associated with sustainable value and cultural heritage preservation in product design. It also investigates consumer perceptions and preferences towards products that integrate traditional Chinese culture. The research findings provide valuable insights for designers, educators, and policymakers in understanding the complex relationship between traditional culture and contemporary product design. [ABSTRACT FROM AUTHOR]

Knowledge management (KM) practice is increasingly less considered as a supportive activity, as knowledge management processes (KMP) are inseparable from critical business processes (BP). Even though some scientific studies underlined that KM integration into BP are expensive and slow due to many organizational barriers, their sustainable value to organizations is undeniable. Although KMPs' interactions have been studied in the scientific literature, there is still a lack of comprehensive studies related to knowledge-intensive organizations' practices on the impact of the whole KM cycle—consisting of knowledge creation, sharing, storage, and application—on BP, such as development, production, and sales, for creating value-added (VA) and sustainability. In order to identify interconnections between individual KMP and BP, this study aimed to evaluate the influence of KMP on BP to support the continuous improvement of BP and the creation of VA in knowledge-intensive organizations. A research model was developed to analyze the impact of KMP on BP and VA perspectives. An empirical study was performed in Lithuanian project management companies that used BP in their operations and involved 144 managers from 72 IT organizations. Survey (structured questionnaire) and statistical analysis methods (one-way analysis of variance (ANOVA); Pearson's correlation analysis; multiple regression analysis and mediation analysis; cluster analysis and chi-square analysis) were applied in this study. The research results confirmed that every KMP positively affected individual BP, where knowledge creation had the most significant impact. The hypothesis that every KMP positively affected the VA created in an organization was partially confirmed since knowledge sharing and creation had a strong influence. The study demonstrated that KMP as a whole had a positive effect on the central BP, change (improvement) of BP increased VA created in organizations, and BP acted as a mediator of the positive correlation between KMP and the VA. The effectiveness of individual KMP depended on the size of the organization. As a result, the study confirmed that KMP in organizations could not be performed separately and had to be integrated into BP to maximize the VA. The significance of the research model lay not only in its ability to identify the influence of KMP on the VA created in organizations but also in evaluating each KMP individually. [ABSTRACT FROM AUTHOR]

The successful adoption of digital innovations in agricultural production systems is based on the proactive participation of all stakeholders and represents an important step in establishing resilient agri-food chains and creating sustainable value. The key tool for the creation of sustainable value is integrating the nine aspects of the business process (cooperation; inclusion; financing; diversification; communication; policies; knowledge with entrepreneurship; and production) by re-using of open governmental and public endeavours data as well as by the contractual sharing. The objectives of this research are to identify stakeholders in the Croatian agricultural system, and to explore their roles and their potential for data supply and needs for data uptake. Open access repositories were queried to identify stakeholders. Direct observation methods and semi-structured conservational qualitative interviews were used for stakeholder characterisation and data flow detection. Stakeholder importance with respect to current data supply was analysed. Underdeveloped data flow relationships in the agricultural data ecosystem in Croatia could be built in a spontaneous process following the data opening of the Research and Consumer group of stakeholders and promoting data sharing initiatives of the early adopters in the Supplier group. In that way, data opening would be the driver of the effective cooperation creation required for sustainable value creation but also the adoption of the best management practices, sustainable solutions and digital development.

The creation of sustainable value is one of the compelling issues in contemporary scientific research in management. Due to the diverse actors involved and the numerous research contexts, both in management theory and business practice, value creation paradigms are still primarily studied in economic, social, and environmental dimensions. However, the ecological context appears to be an essential but controversial area of analysis, raising questions about the role of the natural environment and its resources in modern businesses and communities. The article aims to present the complexity of the issues of cooperation, creation, and co-creation of sustainable value in Polish health resorts. The article is divided into two major sections: the theoretical part of the article contains an overview of the main concepts and problems related to the creation and co-creation of sustainable value. In the empirical part, case studies present two examples of small Polish health resorts where sustainable value co-creation takes place.

With the goal of decarbonization and carbon neutrality in the health sectors of many countries by 2050, health professionals must implement systemic changes in clinical practice to reduce carbon use, whilst meeting equity targets and improving health outcomes. Sustainable healthcare practices address the socio-ecological determinants that undermine population health, intervene as early as possible in the disease process, deliver 'lean' healthcare pathways and reduce the 'triple bottom line' costs of healthcare provision, benefiting patients, populations, and the environment. Methods and tools to do this are available and physiotherapists can play a key role in improving health outcomes and achieving sustainable development goals. [ABSTRACT FROM AUTHOR]

An analytical and integrated approach to farming needs to be formulated to assist decision-making by policymakers. This is important for the sustainability of agriculture in Indonesia, especially in the Special Region of Yogyakarta, which has experienced a decrease in land area, production, and productivity in the last 5 years. This study aims to analyze the sustainability of rice farming using the sustainable-value approach, which is based on the economically efficient use of agricultural resources. Data were collected from rice farmers in 25 observation areas attached to eight river irrigation sources throughout the province. A criterion for economic efficiency has been used as a guideline for setting benchmarks for optimal input use. The study reveals that, in general, these rice farms had poor economic productivity values. The sustainable value distribution for rice farms exceeded the highest value but there was low sustained quality. This indicates the limited overall longevity but also the potential for sustainability. Therefore, in managing rice farms, economic, social, and environmental resources have to be used more effectively.

This paper aimed to analyze how innovations in the business model contribute to creating sustainable value in construction companies. The results revealed that analyzed companies implement practices that enhance their reputation and contribute to the environment while securing economic benefits. These practices include material reuse and replacing traditional processes with renewable ones (installing photovoltaic panels and rainwater harvesting). Companies also have tried to integrate with the community through sponsorships, primarily in sports and cultural events, and assistance to homes for the elderly and needy educational institutions. Companies need to implement processes that contribute to the rational use of water and waste reduction during construction projects despite the results. Furthermore, this study has the importance of identifying actions that are oriented towards generating benefits for society and the environment and analyzing them from the perspective of the creation of sustainable value from innovations in the business model. [ABSTRACT FROM AUTHOR]

This systematic review research has two objectives: (a) to identify Green Marketing (GM) practices related to the key variables of consumer purchasing behavior, and (b) to present a model for the generation of sustainable value by companies based on the results found. The PRISMA (Preferred Reporting Items for Systematic Reviews and Meta-Analyses) statement process was followed and Scopus and Web of Science (WoS) sources were used for the document search. A total of 248 documents were found (Scopus = 110; WoS = 138), and the final selection was 34 papers. The GM practices found were placed in five categories: (a) Green products and services; (b) Green business image; (c) Green advertising; (d) Green purchasing experience; (e) Green marketing mix. The key variables of purchasing behavior that were found are: Environmental awareness, Green satisfaction, Green attitude, Green purchasing intention, Green purchasing preference, Word of mouth, Perceived value, Green experiential value, Responsible consumption, Green engagement, Green trust, Green loyalty, and Green purchasing decision. Finally, a sustainable value generation model called "Green consumption cycle for sustainable value" was presented. [ABSTRACT FROM AUTHOR]

Effective process management is a basic prerequisite for increasing the quality and performance of educational organizations. The aim of the paper is to point out the potential for the application of the European Foundation for Quality Management (EFQM) Model 2020 to improve and perfect the processes in a Slovakian vocational school towards sustainability. We used the latest version of the EFQM Model and applied the questionnaire method to conduct a self-assessment. A study of the documentation was also carried out to get more insight into the processes of the school. The application of the EFQM Model 2020 pointed out weaknesses in areas such as those titled Organizational Culture, Driving Performance & Transformation, and Stakeholder Perceptions—namely, the perceptions of employees and partners. Improvements were primarily recommended in the fields of culture management to support changes, motivational processes to support creativity and innovation, human resource planning processes, employee training and development, performance indicators and performance management, and employees' and partners' perception measurement to enhance sustainable value for the students and key stakeholders. The paper contributes to the body of knowledge in the field of quality and performance management of Vocational Education and Training (VET) providers. [ABSTRACT FROM AUTHOR]

Doing business in the twenty-first century, a period marked by globalization, terrorism, limitation of natural resources, environmental problems, is a real challenge and managers must make efforts in order to create a healthy and new organizational culture, whose goal is long-term financial performance, but also the well-being of the whole planet. In recent years, more and more companies are focusing on integrating sustainability into their core business, understanding that this can become a source of innovation and lasting value. This paper aims to capture what sustainability is and what are the advantages it can bring, at the company level, looking at how to create lasting value through social and environmental performance. The new challenge for companies is to find a new way to measure and manage business performance, not only by maximization of shareholders value, but by maximizing stakeholders’ value. Creating sustainable value is a new paradigm in the development of companies, based on the inclusion of intangible assets and human capital in the value of the company. Therefore, the factors that generate economic value have changed, and the theory of the shareholder company has become the theory of the partnership company, which emphasizes the well-being of all partners: employees, customers, community, shareholders, etc. Sustainable value is created from the shared interests of stakeholders and shareholders and to achieve it, modern companies must have a new approach based on identifying the key value drivers and design long-term strategies, which automatically requires a new way of seeing and treating the world. [ABSTRACT FROM AUTHOR]

A significant number of studies have assessed the impact of medical tourism from economic, technological and social perspectives. Few studies, however, have explored the development of the medical tourism sector from a sustainability perspective. This research brings a sustainability lens to medical tourism by extending Hart and Milstein’s framework (2003) for creating sustainable business value to advance the development of sustainable medical tourism facilities. To inform the analysis, the study conducted nine semi-structured interviews with members of the Jordan Medical Tourism Network (JMTN). Interview results confirmed the primary factors that motivate medical tourists, and characteristics of a sustainable medical tourism facility. The research provides insights on how sustainability is a driver of medical tourists’ decisions and a core aspect to be managed. The study also provides direction to advance sustainable medical tourism facilities in Jordan with replicability in other jurisdictions. The research proposes a path for medical tourism facilities to play further roles in their contribution to sustainable development by introducing a framework that aims to integrate four business strategies for establishing sustainable value through the integration of stakeholders’ interests and environmental practices.

The successful adoption of digital innovations in agricultural production systems is based on the proactive participation of all stakeholders and represents an important step in establishing resilient agri-food chains and creating sustainable value. The key tool for the creation of sustainable value is integrating the nine aspects of the business process (cooperation; inclusion; financing; diversification; communication; policies; knowledge with entrepreneurship; and production) by re-using of open governmental and public endeavours data as well as by the contractual sharing. The objectives of this research are to identify stakeholders in the Croatian agricultural system, and to explore their roles and their potential for data supply and needs for data uptake. Open access repositories were queried to identify stakeholders. Direct observation methods and semi-structured conservational qualitative interviews were used for stakeholder characterisation and data flow detection. Stakeholder importance with respect to current data supply was analysed. Underdeveloped data flow relationships in the agricultural data ecosystem in Croatia could be built in a spontaneous process following the data opening of the Research and Consumer group of stakeholders and promoting data sharing initiatives of the early adopters in the Supplier group. In that way, data opening would be the driver of the effective cooperation creation required for sustainable value creation but also the adoption of the best management practices, sustainable solutions and digital development. [ABSTRACT FROM AUTHOR]

A structural model for the verification of the causal relationship between sustainability and economic value added is presented in this paper. The study has shown that there is no definite and unique relationship between corporate sustainability and economic value. Based on the results of the structural modelling, sustainable value model ESGVA is methodologically improved. The model expresses all four dimensions of corporate sustainability: environmental, social, corporate governance and economic. The case study demonstrates how different the results are if a purely economic concept of company value is used compared to value that takes into account environmental, social and corporate governance factors. The model is applicable to comparative analysis of socially responsible investments. Sustainable value provides extra information on corporate performance and can be used for decision-making of individual investors. First published online 17 March 2022

Copyright of Revista de Tecnologia Aplicada is the property of Faculdade Campo Limpo Paulista and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

This article analyzes how the concept of sustainable value is used in the business model literature to understand and structure the concepts used in analyzing the value creation process in business models to date. We found that in discussing sustainable business models, sustainable value, a term encompassing the environmental, social, and economic benefits of a given model, has been used in place of the conventional term, value. However, the conceptual implications of this substitution have not been sufficiently addressed. A systematic literature review reveals both positive and negative perspectives of value as well as the misuse of several multilevel value concepts. We categorize these concepts according to their meaning, differences, similarities, and implications. As a result, we propose a holistic framework that structures them, integrates both positive and negative perspectives of value, and proposes an activity‐based analysis for sustainable value in business models. The contributions of this paper are twofold: theoretically, it structures value concepts in order to better understand the sustainable value process in business models, and practically, it offers a tool for sustainable development by providing a framework to analyze sustainable value in a variety of business models as a basis for improvement in sustainability. [ABSTRACT FROM AUTHOR]

Copyright of Mexican Journal of Economics & Finance / Revista Mexicana de Economia y Finanzas is the property of Instituto Mexicano de Ejecutivos de Finanzas and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

This conceptual paper aims at characterising event sustainability from a long-term multi-stakeholder perspective, moving beyond the concept of Triple Bottom Line and event greening. Starting from the premise that sustainability should be understood critically in the wider context of society rather than from a conventional event management lens, the paper focuses on how stakeholders create sustainable value for themselves and for society beyond a specific event. Events should be considered as platforms for value creating systems and, as such, they are enabling actors (individuals and organisations) to share and integrate resources in their own social systems. The adoption of a systemic perspective grounded in Service Dominant Logic allows the authors to conceptualise sustainability as Sustainable Value Creation. Constructs derived from Business Models literature are utilised to analyse the key components of Sustainable Value Creation because they offer insights on the complex process of the creation and sharing of sustainable value focusing specifically on the stakeholders' activities, relationships and resource exchanges. [ABSTRACT FROM AUTHOR]

Romania has a significant agricultural potential due to the land owned, the workforce employed in this sector, the favorable climate conditions, but with all this the performance of Romanian’s agriculture is reduced compared to the EU. One of the ways of modernizing and revitalizing agriculture is represented by investments from European funds that have as strategic direction the sustainable development of agriculture. This article develops a synthetic theoretical framework on the peculiarities of Romania's agriculture in the context of EU agriculture, the performance analysis of agricultural holdings, and last but not least a case study on the assessment of the sustainable performance of agricultural holdings in Romania by economic size classes . The objective of this article is to assess the sustainable performance of agricultural holdings in Romania compared to the EU by analyzing the link between the farm size and sustainable value in order to identify the performance growth directions. In order to achieve the proposed objective, the sustainable value method was used. The results highlight the fact that in Romnaia the mediumsized farms achieve the highest performance expressed through Sustainable Value.