Stakeholder Engagement Strategies and Sustainable Change: A Study of Indian Companies

Title

Stakeholder Engagement Strategies and Sustainable Change: A Study of Indian Companies

Creator

Radhika, P.; Kumar, Jyothi

Description

Sustainability is the pathway to prosperity for humanity and businesses alike. It offers the best chance to adjust our course.Paul Polman. Sustainable business practices have become crucial for Indian companies aiming to balance profitability with social and environmental responsibility. These practices involve integrating sustainability into core business strategies, ensuring that operations are environmentally friendly, socially equitable, and economically viable. The dynamic business environment in India necessitates robust stakeholder engagement strategies for sustainable organizational success. Indian companies, operating within a complex socio-economic landscape, must prioritize effective stakeholder communication and collaboration to achieve long-term sustainability. This study explores various stakeholder engagement strategies implemented by Indian companies, using an assessment instrument called Management and Organizational Sustainability Tool (MOST), examining their impact on fostering sustainable change. By analyzing case studies and best practices, the study aims to highlight how Indian businesses can integrate stakeholder perspectives into their strategic planning, thereby enhancing resilience, trust, and overall performance in an increasingly interconnected world. 2025 The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Singapore Pte Ltd.

Source

The Synergistic Effect of Sustainable Business Practices on Corporate Performance;pp.77-89

Date

01-01-2025

Publisher

Springer Science+Business Media

Subject

Indian companies; Stakeholder engagement; Stakeholders; Sustainability; Sustainable change

Coverage

Radhika P., Christ University, Bengaluru, India; Kumar J., Christ University, Bengaluru, India

Rights

Restricted Access; Hardcopy may be available in the library

Relation

ISBN: 978-981963375-3; 978-981963374-6;

Format

online

Language

English

Type

Book chapter

Identifier

https://doi.org/10.1007/978-981-96-3375-3_5

https://www.scopus.com/pages/publications/105022351309?origin=resultslist