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Corporate Competitiveness Index of Climate Change: A Balanced Scorecard Approach

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  • Jae Kyu Myung

    (Department of Small and Medium Enterprise Management, Korea University of Technology and Education, 1600 Chungjeol-ro, Byeoncheon-myeon, Dongnam-gu, Cheonan, Chungnam 31253, Korea)

  • Hyoung-Tae An

    (Department of Tax Accounting, Ansan University, Ansandaehak-ro 155, Sangrok-gu, Ansan, Gyeonggi 15328, Korea)

  • Su-Yol Lee

    (College of Business Administration, Chonnam National University, Yongbong-ro 77, Buk-gu, Gwangju 61186, Korea)

Abstract

Climate change is one of the most critical issues in the business sector. This conceptual study proposes a corporate competitiveness evaluation model of climate change by adopting the Balanced Scorecard approach. This study provides a series of specific performance and competitiveness indicators of climate change in the four dimensions of learning and growth, internal process, external stakeholders, and finance and carbon performance. The indicators, which use both quantitative and qualitative methods, can be immediately applied in the field. This study presents practical guidelines to successfully adopt and implement the competitiveness evaluation model in an organization by considering prevalent innovation tools of business process management, process visualization, and knowledge socialization. Finally, it provides some implications for managers and policy-makers who wish to proactively address climate change in the business sector.

Suggested Citation

  • Jae Kyu Myung & Hyoung-Tae An & Su-Yol Lee, 2019. "Corporate Competitiveness Index of Climate Change: A Balanced Scorecard Approach," Sustainability, MDPI, vol. 11(5), pages 1-16, March.
    • Handle: RePEc:gam:jsusta:v:11:y:2019:i:5:p:1445-:d:212270
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    2. Ai, Hongshan & Mangla, Sachin Kumar & Song, Malin & Tan, Xiaoqing & Zhang, Shangfeng, 2024. "Technology-enabled business model innovation and carbon emission reduction: Evidence from a place-based policy in China," Technovation, Elsevier, vol. 134(C).
    3. Bakhtmina Zia & Dr Muhammad Rafiq PhD Research Scholar & Institute of Management Sciences & Peshawar & Pakistan & Associate Professor & Institute of Management Sciences & Peshawar & Pakistan, 2020. "Reviewing climate change and agricultural market competitiveness," Papers 2008.13726, arXiv.org.
    4. Nam Yi Yun & M. Ali Ülkü, 2023. "Sustainable Supply Chain Risk Management in a Climate-Changed World: Review of Extant Literature, Trend Analysis, and Guiding Framework for Future Research," Sustainability, MDPI, vol. 15(17), pages 1-32, September.

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