Subject category:
Strategy and General Management
Published by:
NeilsonJournals Publishing
Length: 10 pages
Data source: Field research
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https://casecent.re/p/198272
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Abstract
This case based research article aims to demonstrate the correlation between strong stakeholder engagement in a company and its ability to uphold United Nations Sustainable Development Goals (UNSDG) principles at the national level under the aegis of self-sufficiency initiatives in an emerging market. In India, achieving UNSDGs is a top priority, which is evident from substantial government initiatives and funding. Success hinges on public sector enterprises garnering support from vested stakeholders. The case study focuses on a behemoth Indian Public Sector Unit, PSU-SAIL. It starts by conducting a materiality assessment, connecting it to national UNSDGs for optimal business outcomes. This assessment involves perception mapping, stakeholder prioritization, engagement, and matrix integration. The resultant four-quadrant matrix becomes a tangible output. This helped the company to establish the link between successful UNSDG attainment, high stakeholder engagement, and superior business performance. The findings underscore four key areas where a combination of stakeholder engagement and institutional support can significantly advance Sustainable Development Goals (SDGs). This case study has been peer reviewed by the editorial board of the Journal of International Business Education (JIBE).
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Abstract
This case based research article aims to demonstrate the correlation between strong stakeholder engagement in a company and its ability to uphold United Nations Sustainable Development Goals (UNSDG) principles at the national level under the aegis of self-sufficiency initiatives in an emerging market. In India, achieving UNSDGs is a top priority, which is evident from substantial government initiatives and funding. Success hinges on public sector enterprises garnering support from vested stakeholders. The case study focuses on a behemoth Indian Public Sector Unit, PSU-SAIL. It starts by conducting a materiality assessment, connecting it to national UNSDGs for optimal business outcomes. This assessment involves perception mapping, stakeholder prioritization, engagement, and matrix integration. The resultant four-quadrant matrix becomes a tangible output. This helped the company to establish the link between successful UNSDG attainment, high stakeholder engagement, and superior business performance. The findings underscore four key areas where a combination of stakeholder engagement and institutional support can significantly advance Sustainable Development Goals (SDGs). This case study has been peer reviewed by the editorial board of the Journal of International Business Education (JIBE).