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Managing the Trilogy of Business, Economy, and Environment

Special issue call for papers from Management Decision

Guest Editors:
Dr. Samik Shome, Nirma University, India
Dr. Deepak Danak, Nirma University, India
Dr. Parag Rijwani, Nirma University, India
Dr. Ashish Chandra, University of Houston- Clear Lake, USA

The trilogy of business, economy and environment forms the core of development agenda for any society or nation. While individually they make their own demands on the society, their interplay makes it a quite complex system to manage. In past, many models have emerged in different contexts to address the problem of growth and development at macro, micro, and individual levels. However, in the present VUCA world, both the systems and the solution models seem to be proving fragile. This necessitates searching for a new set of solutions, which requires approaching the research in this area based on alternate paradigms. The tone in that direction has already set in. As a result, the compliance approach to 'Corporate Social Responsibility' is being replaced with the strategic approach to it. Its logical extension is expected to be manifested in a win-win approach to it where working for the causes of social wellbeing and environment protection would emerge as a good business proposition.   

While addressing the topic of sustainable business, it is important to start with a conviction that the growth of all the three, viz. business, economy and environment can go together. Rather, now, a stage is set where the business can take a lead in promoting the environment and assuring the social wellbeing. Theoretically, the profit seeking behavior of a business can take two routes: one, to exploit, and two, to create value for all the stakeholders. However, by now, it has been set out beyond any doubt that profit can be sought only through value creation. The evidence lies in the overall greater development of the capitalistic countries, which has inspired the communist countries, too, to open up their economies. We believe that the development of the business institution in the society has resulted into the evolution of "The Human Side of Enterprise". We strongly believe that, now, a stage is set where the same would logically evolve to "The Divine Side of Enterprise", where social wellbeing and environment protection will emerge out as good business propositions.

In this backdrop, this special issue invites papers examining the present and future interactions among business, economy, and environment that can lead to promotion of social and environmental wellbeing by the business institution. Towards that, empirical and theoretical path breaking research outputs are welcome.   

More specifically, this Special Issue seeks both theoretical and empirical academic papers that may address, but are not limited to, the following list of potential topics:

  1. Transforming Business Institution into an Integrated Development Institution
  2. Business: Fostering Stakeholder Value Creation
  3. Economy: Current & Future Challenges
  4. Business as a Social Institution
  5. Balancing Growth and Equitable Distribution
  6. Accounting and Finance for Future
  7. Marketing and Sustainability
  8. Human Resource Management in the New Age
  9. Operations Management in a Globalized World
  10. Business as a Vehicle of Rural Development
  11. The Divine Side of Enterprise
  12. Innovation, Creativity and Entrepreneurship for Integrated Development
  13. Corporate Governance, CSR and Ethics for Sustainable Development
  14. The New Paradigm of Knowledge Economy

The topics may call for a path-breaking research manifesting in either the development of a new paradigm, or employing a new methodology. It is expected that such an attempt may require interdisciplinary approach where the frameworks and methodologies in other disciplines may be extended to study the chosen issue.

Submission Deadline: February 15, 2019