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Cited by 9Environmental Sustainability in BusinessSustainability and Innovation in BusinessCorporate Social Responsibility and Sustainability

Organizational sustainability: issues, challenges and the future of Bangladesh pharmaceutical industry

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Rahman, Mostafizur, Wahab, Sazali Abd, Latiff, Ahmad Shaharudin Abdul·2022·Journal of Future Sustainability
DOI 10.5267/j.jfs.2022.11.100
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Abstract

This study aims to contribute to the literature on organizational sustainability and explore the issues, challenges, and prospects of the Bangladesh pharmaceutical industry in terms of sustainability. Organizations around the world are becoming more and more concerned about their ability to reduce or prevent the adverse effects of their actions. Sustainability, socially responsible human resource management (SRHRM), green human resource management (GHRM), characteristics of stakeholders, voluntary green behavior, innovative behavior, and government roles are the main areas of concern. Research and existing literature are explored to have a clear grasp of several organizational sustainability components. This study also shows how organizations understand and implement organizational sustainability concerns and difficulties and how to identify whether essential systemic components are still unaddressed. It's difficult to balance social, economic, and environmental responsibility with sustainability. Enhance SRHRM and GHRM by examining stakeholder characteristics and the government's involvement, combined with voluntary green and creative behavior, to create a positive image for society, the economy, and the environment. This research explores the issues, challenges, and prospects of Bangladesh's pharmaceutical industry's organizational sustainability. In contrast to the age of industry 4.0, artificial intelligence and machine learning concerns about human resource management, stakeholder characteristics, government role, and employee behavior contribute to the organizational sustainability of the pharmaceutical sector. The study presents first insights on the issues, challenges, and prospects of Bangladesh's pharmaceutical industry from the perspective of organizational sustainability. Sustainability, employee green and innovative behavior, SRHRM, GHRM, stakeholder characteristics, and government roles are drawing the attention of organizations globally. They are taking more and more responsibility for how their actions affect the environment, society, and the economy.

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  • The study used a self-administered structured questionnaire in English with a 5-point Likert scale, which helped reduce response biases.

    “A self-administered structured questionnaire in English language with the Likert scale was used, following the 5-point Likert scale ranging from 1 (strongly disagree) to 5 (strongly agree); both of these helped in reducing response biases (Anjum et al., 2022; Rahman et al., 2022).”

    From Exploring the antecedents of AI adoption for effective HRM practices in the Indian pharmaceutical sector (2023) · cites this paper as Rahman et al., 2022

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Authors
Rahman, M., Wahab, S. A., & Latiff, A. S. A.
Affiliations
Universiti Putra Malaysia (MY)
ORCID
Latiff, Ahmad Shaharudin Abdul
Venue
Journal of Future Sustainability
Publisher
Growing Science
Published
2022
Volume
2
Issue
4
Pages
157-166
ISSN
  • 2816-8143 (ISSN-L)
  • 2816-8151
DOI
10.5267/j.jfs.2022.11.100
OpenAlex
W4312521982
Cited by
9
References
49
Citations by year
2026: 2 · 2025: 1 · 2024: 1 · 2023: 3 · 2022: 2
FWCI
1.40
Type
journal article
Language
en
Open access
Licence
cc-by
Locations
Journal of Future Sustainability (publishedVersion, cc-by)
Topics
  • Social Sciences › Business, Management and Accounting › Marketing › Environmental Sustainability in Business
  • Social Sciences › Business, Management and Accounting › Management of Technology and Innovation › Sustainability and Innovation in Business
  • Social Sciences › Business, Management and Accounting › Organizational Behavior and Human Resource Management › Corporate Social Responsibility and Sustainability
Keywords
organizational sustainability, pharmaceutical industry, socially responsible human resource management, green human resource management, stakeholder characteristics, role of the state, innovative behavior, employee behavior, Industry 4.0, artificial intelligence and machine learning, corporate social responsibility, environmental responsibility

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