The Role of Opportunity Exploration, Exploitation and Corporate Social Responsibilities on Sustainable Manufacturing Business Performance in Mekong River Delta

Abstract

A given business or market environment and corporate responsibilities always offers opportunities that have a direct impact on the sustainable business performance. Several scholars have researched on how to take advantage of these opportunities in creating sustainable business performance. This study analyzes determinants of the exploration, business opportunity exploitation, corporate social responsibilities (CSR) and sustainable business performance of manufacturing industry based in the Mekong River Delta, Vietnam. The data was collected by questionnaires. This study applying the Structural Equation Model (SEM) results, the author finds strong evidence of opportunity exploration, opportunity exploitation and CSR have positive impact with sustainable business performance. This study provides the guidelines to the regulators while developing the policies related to the opportunity exploration, and CSR that enhance the sustainable business performance.

The effect of innovative work environment on the innovative work behavior of employees

“…Opportunity exploration refers to the search for new ideas, methods or approaches to perform a task or to solve problems that are different from the usual way (Ngugi, 2021, Benitez, et al, 2018. The study by Tu, et al (2022) found that when employees have the opportunity exploration behaviour, the sustainable development of the company can be achieved or maintained and objectives can be achieved. The study by Matejun (2018) also found that opportunity exploration behaviour affects the competitive advantage of the company.…”