Sustainability Strategy and Firm Performance in Residential Trade and Industry: A Conceptual Analysis
The request for a sustainable development challenges
both managers and consumers to rethink habitual practices and
activities. While consumers are challenged to develop sustainable
consumption patterns, companies are asked to establish managerial
systems and structures considering economical, ecological, and social
issues. As this is in particular true for housing associations, this paper
aims first, at providing an understanding of sustainability strategy in
residential trade and industry (RTI) by identifying relevant facets of
this construct and second, at conceptually analyzing the impact of
sustainability strategy in RTI on operational efficiency and
performance of municipal housing companies. The author develops a
model of sustainability strategy in RTI and its effects and further,
sheds light in priorities for future research.
[1] UN (2002), Report of the World Summit on Sustainable Development.
Johannesburg, South Africa, 26 August - 4 September 2002. New York.
[2] UNEP (2001): Consumption Opportunities. Strategies for Change.
Geneva.H. Poor, An Introduction to Signal Detection and Estimation.
New York: Springer-Verlag, 1985, ch. 4.
[3] Eekhoff, J.; Arentz, O.; Rauen, S.; Langner, B. (2007): Zur
Ökonomisierung der Immobilienwirtschaft - Entwicklungen und
Perspektiven. Bericht der Kommission des Deutschen Verbandes f├╝r
Wohnungswesen, Städtebau und Raumordnung e.V. im Auftrag des
Bundesministeriums f├╝r Verkehr, Bau und Stadtentwicklung, Köln.
[4] Veser, J.; Thrun, T.; Jaedicke, W. (2007): Veränderungen der
Anbieterstruktur im deutschen Wohnungsmarkt und wohnungspolitische
Implikationen. Forschungen Heft 124, Bonn.
[5] Voigtl├ñnder, M. (2007): Die Privatisierung öffentlicher Wohnungen. In:
Wirtschaftsdienst 2007, Nr. 11, S. 748-753.
[6] McGee, J. (1998): Commentary on ÔÇÜCorporate Strategies and
Environmental Regulations: An Organizational Framework- By A. M.
Rugman and A. Verbeke. In: Strategic Management Journal, Vol. 19, pp.
377-387.
[7] Salzmann, O.; Ionescu-Somers, A.; Steger, U. (2005): The Business
Case for CorporateSustainability: Literature Review and Research
Options. In: European Management Journal, Vol. 23, No. 1, pp. 27-36.
[8] Garriga, E.; Melé, D. (2004): Corporate Social Responsibility Theories:
Mapping the Territory. In: Journal of Business Ethics, Vol. 54, pp. 51-
71.
[9] Friedman, M. (1970): ÔÇÿThe Social Responsibility of Business is to
Increase its Profits-. In: New York Times Magazine, September 13th, pp.
32-33.
[10] Barney, J. (1991): Firm Resource and Sustained Competitive Advantage.
In: Journal of Management, Vol. 17, pp. 99-120.
[11] Wernerfelt, B. (1984): A resource-based view of the firm. In: Strategic
Management Journal, Vol. 5, No. 2, pp. 171-180.
[12] Teece, D. J.; Pisano, G.; Shuen, A. (1997): Dynamic capabilities and
strategic management. In: Strategic Management Journal, Vol. 18, No. 7,
pp. 509-533.
[13] Freiling, J. (2004): A Competence-based Theory of the Firm. In:
Management Revue, Vol. 15, pp. 27-52.
[14] Penrose, E. T. (1959): The Theory of the Growth of the Firm. Oxford.
[15] Selznick, P. (1957): Leadership in Administration: A Sociological
Interpretation. Berkeley.
[16] Prahalad, C. K.; Hamel, G. (1990): The Core Competence of the
Corporation. In: Harvard Business Review, Vol. 90, pp. 71-91.
[17] Collis, D. J. (1991): Organizational Capability as a Source of Profit.
Cambridge.
[18] Sanchez, R. (2004): Understanding Competence-based Management.
Identifying and Managing Five Modes of Competence. In: Journal of
Business Research, Vol. 57, pp. 518-532.
[19] Freiling, J.; Gersch, M.; Goeke, C. (2006): Notwendige
Basisentscheidungen auf dem Weg zu einer Competence-based Theory
of the Firm. In: Burmann, C.; Freiling, J.; H├╝lsmann, M. (Hrsg.): Neue
Perspektiven des Strategischen Kompetenz-Managements. Wiesbaden,
S. 3-34.
[20] Stead, W. E.; Stead, J. G.; Starik, M. (2004): Sustainable Strategic
Management. London.
[21] Eisenhardt, K. M.; Martin, J. A. (2000): Dynamic capabilities: What are
they? In: Strategic Management Journal, Vol. 21; No. 10/11, pp. 1105-
1121.
[22] Helfat, C. E.; Peteraf, M. A. (2003): The dynamic resource-based view:
Capability lifecycles. In: Strategic Management Journal, Vol. 24, No. 10,
pp. 997-1010.
[23] Schulze, W. S. (1994): The two schools of thought in resource-based
theory: Definitions and implications for research. In: Advances in
Strategic Management, Vol. 10, pp. 127-152.
[24] Makadok, R. (2001): Toward a synthesis of the resource-based and
dynamic-capability views of rent creation. In: Strategic Management
Journal, Vol. 22, No. 5, pp. 387-401.
[25] Black, J. A.; Boal, K. B. (1994): Strategic resources: Traits,
configurations and paths to sustainable competitive advantage. In:
Strategic Management Journal, Vol. 15, No. 5, pp. 131-148.
[26] McWilliams, A.; Smart, D. L. (1995): The resource-based view of the
firm. Does it go far enough in shedding the assumptions of the S-C-P
paradigm? In: Journal of Management Inquiry, Vol. 4, No. 4, pp. 309-
316.
[27] Carlowitz, H. C. von (2000): Sylvicultura oeconomica oder
haußwirthliche Nachricht und naturm├ñßige Anweisung zur wilden
Baum-Zucht. Freiberg. Nachdr. d. Ausg.: Carlowitz, H. C. von (1713):
Sylvicultura oeconomica oder haußwirthliche Nachricht und
naturm├ñßige Anweisung zur wilden Baum-Zucht. Leipzig.
[28] WCED (1987): Our Common Future. Oxford, New York.
[29] Bundesverband deutscher Wohnungs- und Immobilienunternehmen
(GdW) (2009): Wohnungswirtschaftliche Daten und Trends. Berlin.
[30] Ranganathan, J. (1998): Sustainability Rulers: Measuring Corporate
Environmental & Social Performance. In: Sustainable Enterprise
Initiative, pp. 1-8.
[31] Azapagic, A. (2003): Systems Approach to Corporate Sustainability. A
General Management Framework. In: Trans IChemE, Vol. 81, Part B, S.
303-316.
[32] Bansal, P. (2004): Evolving Sustainability: A Longitudinal Study of
Corporate Sustainable Development. In: Strategic Management Journal,
Vol. 26, pp. 197-218.
[33] Youndt, M. A.; Snell, S. A.; Dean, J. W.; Lepak, D. P. (1996): Human
Resource Management, Manufacturing Strategy, and Firm Performance.
In: The Academy of Management Journal, Vol. 39, No. 4, pp. 836-866.
[34] Vorhies, D. W.; Morgan, N. A. (2005): Benchmarking marketing
capabilities for sustainable competitive advantage. In: Journal of
Marketing, Vol. 69, No. 1, pp. 80-94.
[35] Morgan, N. A.; Rego, L. L. (2009): Brand Portfolio Strategy and Firm
Performance. In: Journal of Marketing, Vol. 73, pp. 59-74.
[36] Hofer, C.; Schendel, C. (1986): Strategy Formulation: Analytical
Concepts. St. Paul.
[37] Venkatraman, N.; Ramanujam, R. (1986): Measurement of Business
Performance in Strategy Research: A Comparison of Approaches. In:
The Academy of Management Review, Vol. 11, No. 4, pp. 801-814.
[38] Hart, S. L.; Ahuja G. (1996): Does it pay to be green? An empirical
examination of the relationship between pollution prevention and firm
performance. Business Strategy and the Environment, pp. 30-37.
[39] Waddock S. A., Graves S. B. (1997): The corporate social performance-
financial performance link. In: Strategic Management Journal, Vol. 18,
No. 4, pp. 303-319.
[1] UN (2002), Report of the World Summit on Sustainable Development.
Johannesburg, South Africa, 26 August - 4 September 2002. New York.
[2] UNEP (2001): Consumption Opportunities. Strategies for Change.
Geneva.H. Poor, An Introduction to Signal Detection and Estimation.
New York: Springer-Verlag, 1985, ch. 4.
[3] Eekhoff, J.; Arentz, O.; Rauen, S.; Langner, B. (2007): Zur
Ökonomisierung der Immobilienwirtschaft - Entwicklungen und
Perspektiven. Bericht der Kommission des Deutschen Verbandes f├╝r
Wohnungswesen, Städtebau und Raumordnung e.V. im Auftrag des
Bundesministeriums f├╝r Verkehr, Bau und Stadtentwicklung, Köln.
[4] Veser, J.; Thrun, T.; Jaedicke, W. (2007): Veränderungen der
Anbieterstruktur im deutschen Wohnungsmarkt und wohnungspolitische
Implikationen. Forschungen Heft 124, Bonn.
[5] Voigtl├ñnder, M. (2007): Die Privatisierung öffentlicher Wohnungen. In:
Wirtschaftsdienst 2007, Nr. 11, S. 748-753.
[6] McGee, J. (1998): Commentary on ÔÇÜCorporate Strategies and
Environmental Regulations: An Organizational Framework- By A. M.
Rugman and A. Verbeke. In: Strategic Management Journal, Vol. 19, pp.
377-387.
[7] Salzmann, O.; Ionescu-Somers, A.; Steger, U. (2005): The Business
Case for CorporateSustainability: Literature Review and Research
Options. In: European Management Journal, Vol. 23, No. 1, pp. 27-36.
[8] Garriga, E.; Melé, D. (2004): Corporate Social Responsibility Theories:
Mapping the Territory. In: Journal of Business Ethics, Vol. 54, pp. 51-
71.
[9] Friedman, M. (1970): ÔÇÿThe Social Responsibility of Business is to
Increase its Profits-. In: New York Times Magazine, September 13th, pp.
32-33.
[10] Barney, J. (1991): Firm Resource and Sustained Competitive Advantage.
In: Journal of Management, Vol. 17, pp. 99-120.
[11] Wernerfelt, B. (1984): A resource-based view of the firm. In: Strategic
Management Journal, Vol. 5, No. 2, pp. 171-180.
[12] Teece, D. J.; Pisano, G.; Shuen, A. (1997): Dynamic capabilities and
strategic management. In: Strategic Management Journal, Vol. 18, No. 7,
pp. 509-533.
[13] Freiling, J. (2004): A Competence-based Theory of the Firm. In:
Management Revue, Vol. 15, pp. 27-52.
[14] Penrose, E. T. (1959): The Theory of the Growth of the Firm. Oxford.
[15] Selznick, P. (1957): Leadership in Administration: A Sociological
Interpretation. Berkeley.
[16] Prahalad, C. K.; Hamel, G. (1990): The Core Competence of the
Corporation. In: Harvard Business Review, Vol. 90, pp. 71-91.
[17] Collis, D. J. (1991): Organizational Capability as a Source of Profit.
Cambridge.
[18] Sanchez, R. (2004): Understanding Competence-based Management.
Identifying and Managing Five Modes of Competence. In: Journal of
Business Research, Vol. 57, pp. 518-532.
[19] Freiling, J.; Gersch, M.; Goeke, C. (2006): Notwendige
Basisentscheidungen auf dem Weg zu einer Competence-based Theory
of the Firm. In: Burmann, C.; Freiling, J.; H├╝lsmann, M. (Hrsg.): Neue
Perspektiven des Strategischen Kompetenz-Managements. Wiesbaden,
S. 3-34.
[20] Stead, W. E.; Stead, J. G.; Starik, M. (2004): Sustainable Strategic
Management. London.
[21] Eisenhardt, K. M.; Martin, J. A. (2000): Dynamic capabilities: What are
they? In: Strategic Management Journal, Vol. 21; No. 10/11, pp. 1105-
1121.
[22] Helfat, C. E.; Peteraf, M. A. (2003): The dynamic resource-based view:
Capability lifecycles. In: Strategic Management Journal, Vol. 24, No. 10,
pp. 997-1010.
[23] Schulze, W. S. (1994): The two schools of thought in resource-based
theory: Definitions and implications for research. In: Advances in
Strategic Management, Vol. 10, pp. 127-152.
[24] Makadok, R. (2001): Toward a synthesis of the resource-based and
dynamic-capability views of rent creation. In: Strategic Management
Journal, Vol. 22, No. 5, pp. 387-401.
[25] Black, J. A.; Boal, K. B. (1994): Strategic resources: Traits,
configurations and paths to sustainable competitive advantage. In:
Strategic Management Journal, Vol. 15, No. 5, pp. 131-148.
[26] McWilliams, A.; Smart, D. L. (1995): The resource-based view of the
firm. Does it go far enough in shedding the assumptions of the S-C-P
paradigm? In: Journal of Management Inquiry, Vol. 4, No. 4, pp. 309-
316.
[27] Carlowitz, H. C. von (2000): Sylvicultura oeconomica oder
haußwirthliche Nachricht und naturm├ñßige Anweisung zur wilden
Baum-Zucht. Freiberg. Nachdr. d. Ausg.: Carlowitz, H. C. von (1713):
Sylvicultura oeconomica oder haußwirthliche Nachricht und
naturm├ñßige Anweisung zur wilden Baum-Zucht. Leipzig.
[28] WCED (1987): Our Common Future. Oxford, New York.
[29] Bundesverband deutscher Wohnungs- und Immobilienunternehmen
(GdW) (2009): Wohnungswirtschaftliche Daten und Trends. Berlin.
[30] Ranganathan, J. (1998): Sustainability Rulers: Measuring Corporate
Environmental & Social Performance. In: Sustainable Enterprise
Initiative, pp. 1-8.
[31] Azapagic, A. (2003): Systems Approach to Corporate Sustainability. A
General Management Framework. In: Trans IChemE, Vol. 81, Part B, S.
303-316.
[32] Bansal, P. (2004): Evolving Sustainability: A Longitudinal Study of
Corporate Sustainable Development. In: Strategic Management Journal,
Vol. 26, pp. 197-218.
[33] Youndt, M. A.; Snell, S. A.; Dean, J. W.; Lepak, D. P. (1996): Human
Resource Management, Manufacturing Strategy, and Firm Performance.
In: The Academy of Management Journal, Vol. 39, No. 4, pp. 836-866.
[34] Vorhies, D. W.; Morgan, N. A. (2005): Benchmarking marketing
capabilities for sustainable competitive advantage. In: Journal of
Marketing, Vol. 69, No. 1, pp. 80-94.
[35] Morgan, N. A.; Rego, L. L. (2009): Brand Portfolio Strategy and Firm
Performance. In: Journal of Marketing, Vol. 73, pp. 59-74.
[36] Hofer, C.; Schendel, C. (1986): Strategy Formulation: Analytical
Concepts. St. Paul.
[37] Venkatraman, N.; Ramanujam, R. (1986): Measurement of Business
Performance in Strategy Research: A Comparison of Approaches. In:
The Academy of Management Review, Vol. 11, No. 4, pp. 801-814.
[38] Hart, S. L.; Ahuja G. (1996): Does it pay to be green? An empirical
examination of the relationship between pollution prevention and firm
performance. Business Strategy and the Environment, pp. 30-37.
[39] Waddock S. A., Graves S. B. (1997): The corporate social performance-
financial performance link. In: Strategic Management Journal, Vol. 18,
No. 4, pp. 303-319.
@article{"International Journal of Business, Human and Social Sciences:55681", author = "Martin Macion", title = "Sustainability Strategy and Firm Performance in Residential Trade and Industry: A Conceptual Analysis", abstract = "The request for a sustainable development challenges
both managers and consumers to rethink habitual practices and
activities. While consumers are challenged to develop sustainable
consumption patterns, companies are asked to establish managerial
systems and structures considering economical, ecological, and social
issues. As this is in particular true for housing associations, this paper
aims first, at providing an understanding of sustainability strategy in
residential trade and industry (RTI) by identifying relevant facets of
this construct and second, at conceptually analyzing the impact of
sustainability strategy in RTI on operational efficiency and
performance of municipal housing companies. The author develops a
model of sustainability strategy in RTI and its effects and further,
sheds light in priorities for future research.", keywords = "firm performance, sustainability strategy, residentialtrade and industry", volume = "4", number = "6", pages = "925-5", }
