Multidirectional analysis for sustainable development: An examination of sustainable policies, corporate social responsibility, and organizational performance

Abstract

It is crucial to bring efficiency in all business operations to improve a firm's performance such as supply chains since specialists have performed several studies to uncover the predictors that may support improving a firm's performance. How to achieve a level of sustainability is another challenge and an evolving debate for the researchers which requires sustainable policies to win over the competitors in the current era. This study attempts to investigate the connection of three sustainable aspects, that is, economic, social, and ecological strategies on organizational supply chain performance with the moderation of corporate social responsibility from stakeholder theory. The study conducted an empirical examination based on a six hundred and twenty‐eight sample size using a method of structure equation modeling. It is found that corporates may optimize a firm's performance by incorporating sustainable policies. Similarly, corporate social responsibility has a positive moderating influence between sustainable policies and supply chain performance. This study equips with insights into the sustainable advancement of the corporates which could be obtained through sustainable policies and corporate social responsibility to become sustainable organizations. In addition, this study endows with several fascinating suggestions for strategic management to achieve a win‐win level by focusing on the notion of sustainable policies and corporate social responsibility.