African Journal of
Business Management

  • Abbreviation: Afr. J. Bus. Manage.
  • Language: English
  • ISSN: 1993-8233
  • DOI: 10.5897/AJBM
  • Start Year: 2007
  • Published Articles: 4079

Full Length Research Paper

Managing corporate sustainability: Risk management process based perspective

Ayse Kucuk Yilmaz1* and Triant Flouris2    
1Department of Aviation Management, School of Civil Aviation, Anadolu University, 26470 Eskisehir, Turkey. 2School of Aviation Sciences, Daniel Webster College, Nashua, NH 03063-1300, USA.
Email: [email protected]

  • Article Number - D666F9E21165
  • Vol.4(2), pp. 162-171 , February 2010
  •  Accepted: 17 December 2009
  •  Published: 28 February 2010

Abstract

 

Sustainability risk management requires holistic and systematic integration of ecological, socioeconomic, and corporate risk factors in the business management. This paper presents an integrative conceptual framework for sustainability risk management in enterprise-wide. The development of this integrative framework is accomplished by tailoring of the enterprise risk management framework. In this paper, the conceptual model to corporate sustainability is offered as the specific management and organizational system to both manage and integrate the corporate goals in order to create economic and financial value and awareness of environmental and social responsibility.

 

Key words: Corporate sustainability, management, risk, risk management, strategic management, sustainability.