International Journal of Entrepreneurship and Sustainability Studies
Vol. 3 No. 2 (2023): December 2023

Sustainable Performance Model and Strategy: A Conceptual Framework

Firmansyah Arifin (Institut Teknologi Bandung, Indonesia)
Sudarso Kaderi Wiryono (School of Business and Management, Institut Teknologi Bandung)
Sylviana Maya Damayanti (School of Business and Management, Institut Teknologi Bandung, Indonesia)
Gatot Yudoko (School of Business and Management, Institut Teknologi Bandung)



Article Info

Publish Date
28 Dec 2023

Abstract

This study is driven by the conditions of the energy sector, particularly the "oil field service industry" which serves as the main pillar of this sector. The significant oil price drop and the need for cost-cutting among oil and gas producers shows the vulnerabilities in this sector, necessitating improvement. Generally, industries that support key commodities must exhibit strong operational performance that intricately intertwines with the corporate strategy, mitigating potential obstacles, challenges, and business risks in order to achieve sustainable performance. Thus, this research aims to investigate how to develop a sustainable performance model for the industry in helping the industries the current and future business challenges. A systematic literature review was undertaken, encompassing prior studies on sustainable business, performance, and risk management strategies. This study investigates the dynamic interaction between three primary constructs: (1) context-business sustainability, (2) content-performance management, and (3) process-strategy formulation. Finally, gaps in the existing literature were identified and several future research directions were proposed.

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Journal Info

Abbrev

ijeass

Publisher

Subject

Decision Sciences, Operations Research & Management Environmental Science Social Sciences

Description

International Journal of Entrepreneurship and Sustainability Studies (IJEASS) focus to publish research papers in the fields of Business, Accounting, Economics and Banking, Entrepreneurship, Finance, Marketing, Supply Chain and Logistics, Tourism, Hospitality, Islamic Economics and Banking, Islamic ...