IDEAS home Printed from https://ideas.repec.org/a/vrs/founma/v8y2016i1p79-92n7.html
   My bibliography  Save this article

Compromising Long-Term Sustainability for Short-Term Profit Maximization: Unethical Business Practice

Author

Listed:
  • Doorasamy Mishelle

    (University of Kwa-Zulu Natal, Westville, Durban South Africa)

  • Baldavaloo Kiran

    (University of Kwa-Zulu Natal, Westville, Durban South Africa)

Abstract

The current environmental challenges caused by the dependence on nonrenewable energy, increased waste disposal, the toxic emissions created by operational activities, and also the scarce supply of water are so complex and important that it requires immediate attention. Strict environmental legislation, market pressures, and urgent need for sustainability have given businesses no option but to ensure that they do all that is possible to ensure that their business operations are sustainable. This paper addresses the underlying factors that determine the extent to which organizations adopt sustainable business practices and cleaner production techniques and technologies. It had been concluded that ethics is linked to sustainable business practices, because the objectives of both these concepts are to think about doing what’s right for others and the world, including the environment. According to the organizational corporate compliance regulations, a company’s commitment to ethical business and sustainable business practices should be detailed in their policy handbook and communicated to all employees within the company (Sustainability Report 2013/2014).

Suggested Citation

  • Doorasamy Mishelle & Baldavaloo Kiran, 2016. "Compromising Long-Term Sustainability for Short-Term Profit Maximization: Unethical Business Practice," Foundations of Management, Sciendo, vol. 8(1), pages 79-92, January.
    • Handle: RePEc:vrs:founma:v:8:y:2016:i:1:p:79-92:n:7
    DOI: 10.1515/fman-2016-0007
    as

    Download full text from publisher

    File URL: https://doi.org/10.1515/fman-2016-0007
    Download Restriction: no
    File URL: https://libkey.io/10.1515/fman-2016-0007?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Nhan, T. Nguyen & Minh Ha-Duong & Thanh C. Tran & Ram M. Shrestha & Franck Nadaud, 2010. "Barriers to the adoption of renewable and energy-efficient technologies in the Vietnamese power sector," CIRED Working Papers halshs-00464675, HAL.
    2. Martin Bennett & Stefan Schaltegger & Dimitar Zvezdov, 2011. "Environmental Management Accounting," Palgrave Macmillan Books, in: Magdy G. Abdel-Kader (ed.), Review of Management Accounting Research, chapter 3, pages 53-84, Palgrave Macmillan.
    3. Wei Qian & Roger Burritt & Gary Monroe, 2011. "Environmental management accounting in local government," Accounting, Auditing & Accountability Journal, Emerald Group Publishing Limited, vol. 24(1), pages 93-128, January.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Doorasamy Mishelle, 2015. "Staircase To Sustainable Development," Foundations of Management, Sciendo, vol. 7(1), pages 53-70, June.
    2. Michael Bamidele Fakoya & Emmanuel O. Imuezerua, 2021. "Improving water pricing decisions through material flow cost accounting model: a case study of the Politsi Water Treatment Scheme in South Africa," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 23(2), pages 2243-2260, February.
    3. Sarah Yuliarini & Zaleha Othman Othman & Ku Nor Izah Ismaila, 2017. "Environmental accounting practices: A regulatory and internal management perspective," Journal of Economic and Financial Studies (JEFS), LAR Center Press, vol. 5(3), pages 1-11, June.
    4. Christ, Katherine L., 2014. "Water management accounting and the wine supply chain: Empirical evidence from Australia," The British Accounting Review, Elsevier, vol. 46(4), pages 379-396.
    5. Binh Bui & Carolyn Fowler, 2022. "Carbon controls in a New Zealand electricity utility: An application of theoretical triangulation," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 62(4), pages 4423-4451, December.
    6. Moazzem Hossain & Angela Hecimovic & Aklema Choudhury Lema, 2015. "Corporate Social and Environmental Responsibility Reporting Practices from an Emerging Mobile Telecommunications Market," Australian Accounting Review, CPA Australia, vol. 25(4), pages 389-404, December.
    7. Nhan Thanh Nguyen & Minh Ha-Duong & Sandra Greiner & Michael Mehling, 2011. "Implementing the Clean Development Mechanism in Vietnam: potential and limitations," Post-Print halshs-00654294, HAL.
    8. Tello, Mario A., 2020. "Conceptualizing social impact: A geographic perspective," Journal of Business Research, Elsevier, vol. 119(C), pages 562-571.
    9. Susan van Schie & Arthur Gautier & Anne-Claire Pache & Stefan T. Güntert, 2019. "What Keeps Corporate Volunteers Engaged: Extending the Volunteer Work Design Model with Self-determination Theory Insights," Journal of Business Ethics, Springer, vol. 160(3), pages 693-712, December.
    10. Burritt, Roger & Schaltegger, Stefan, 2014. "Accounting towards sustainability in production and supply chains," The British Accounting Review, Elsevier, vol. 46(4), pages 327-343.
    11. Barone, Elisabetta & Ranamagar, Nathan & Solomon, Jill F., 2013. "A Habermasian model of stakeholder (non)engagement and corporate (ir)responsibility reporting," Accounting forum, Elsevier, vol. 37(3), pages 163-181.
    12. Laura Laguna-Salvadó & Matthieu Lauras & Uche Okongwu & Tina Comes, 2019. "A multicriteria Master Planning DSS for a sustainable humanitarian supply chain," Annals of Operations Research, Springer, vol. 283(1), pages 1303-1343, December.
    13. Mashudu David Mbedzi & Huibrecht Margaretha van der Poll & John Andrew van der Poll, 2020. "Enhancing a Decision-Making Framework to Address Environmental Impacts of the South African Coalmining Industry," Energies, MDPI, vol. 13(18), pages 1-23, September.
    14. Hassan Nassereddine & Amar Sayed Ahmad, 2019. "The Role Of Management Accounting Systems In Sustainable And Development Strategies," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 3, pages 15-26, June.
    15. Karen Benson & Peter M Clarkson & Tom Smith & Irene Tutticci, 2015. "A review of accounting research in the Asia Pacific region," Australian Journal of Management, Australian School of Business, vol. 40(1), pages 36-88, February.
    16. Mashudu D. Mbedzi & Huibrecht M. Van der Poll & John A. Van der Poll, 2018. "An Information Framework for Facilitating Cost Saving of Environmental Impacts in the Coal Mining Industry in South Africa," Sustainability, MDPI, vol. 10(6), pages 1-20, May.
    17. Bryan Dufour & Francesca Petrella & Nadine Richez-Battesti, 2020. "Understanding social impact assessment through public value theory: A comparative analysis on work integration social enterprises (WISEs) in France and Denmark," Working Papers halshs-03216401, HAL.
    18. Dufour, Bryan, 2019. "Social impact measurement: What can impact investment practices and the policy evaluation paradigm learn from each other?," Research in International Business and Finance, Elsevier, vol. 47(C), pages 18-30.
    19. Thi Tam Le & Thi Mai Anh Nguyen & Thi Thu Hien Phan, 2019. "Environmental Management Accounting and Performance Efficiency in the Vietnamese Construction Material Industry—A Managerial Implication for Sustainable Development," Sustainability, MDPI, vol. 11(19), pages 1-32, September.
    20. Pier Luigi Marchini & Luca Fornaciari, 2016. "The increasing relevance of managing costs of poor quality (CoPQ). The case of the mineral water industry," MANAGEMENT CONTROL, FrancoAngeli Editore, vol. 2016(3), pages 65-96.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:vrs:founma:v:8:y:2016:i:1:p:79-92:n:7. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Peter Golla (email available below). General contact details of provider: https://www.sciendo.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.