Strategic and Organizational Effects of Environmental Regulation on Operational Processes of Sustainable MSEs
Casalino, N., Nagy, H., Borin, B., Strategic and organizational effects of environmental regulation on operational processes of sustainable MSEs (December, 2018). Law and Economics Yearly Review Journal, Queen Mary University, London, UK, vol. 7, part 2, pp. 365-388, ISSN 2050-9014
31 Pages Posted: 28 Mar 2019
Date Written: December 1, 2018
Today an effective sustainable development requires stimulating revolutionary operational and technological innovation through an updated environmental regulation and efficient labor market rules. It is becoming always more complex, especially for small companies (MSEs - Micro and Small Enterprises) to understand the relationship between environmental regulation, innovation, and sustainable development, inside the actual context of an increasingly globalizing economy. The European economic development, within the environmental and employment aspects of sustainable development, should be more emphasized and analyzed by EU academics, researchers and decision makers. Often the most crucial problem in achieving sustainability for MSEs is the lock-in or the path dependency due to the failure to envision, design, and implement policies that achieve co-optimization, or the mutually reinforcing, of social goals. Activating a scheme of basic values and principles, that it is possible to identify inside the Corporate Social Responsibility (CSR), is fundamental to efficiently and effectively manage an innovative sustainable MSE. CSR is delivered through a management system aimed at achieving shared objectives with all relevant stakeholders, which takes into consideration the impact of enterprise's actions within the social-environmental context of which it is part.
Keywords: Organization Studies, Strategy, MSE, Micro and Small Enterprises, Sustainability, Environment, CSR, Management, Human Resources, Stakeholders
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